Document:

exv10w1

Exhibit 10.1

EXECUTION VERSION

 

 

SECOND AMENDED AND RESTATED

CREDIT AGREEMENT

Dated as of May 11, 2011

among

THE TIMKEN COMPANY,

as the Borrower,

CERTAIN DOMESTIC SUBSIDIARIES,

as Guarantors,

BANK OF AMERICA, N.A. and KEYBANK NATIONAL ASSOCIATION,

as Co-Administrative Agents,

WELLS FARGO BANK, N.A., THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

and

SUNTRUST BANK,

as Co-Syndication Agents,

JPMORGAN CHASE BANK, N.A.

and

THE BANK OF NEW YORK MELLON,

as Co-Documentation Agents,

KEYBANK NATIONAL ASSOCIATION,

as Paying Agent, L/C Issuer and Swing Line Lender,

and

The Other Lenders Party Hereto

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

and KEYBANK NATIONAL ASSOCIATION,

as

Joint Lead Arrangers and Joint Book Managers

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS	 	 	1	 
	1.01
	 	Defined Terms	 	 	1	 
	1.02
	 	Other Interpretive Provisions	 	 	24	 
	1.03
	 	Accounting Terms	 	 	25	 
	1.04
	 	Rounding	 	 	25	 
	1.05
	 	References to Agreements and Laws	 	 	25	 
	1.06
	 	Times of Day	 	 	26	 
	1.07
	 	Letter of Credit Amounts	 	 	26	 
	1.08
	 	Currency Equivalents Generally	 	 	26	 
	 
	 	 	 	 	 	 
	ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS	 	 	26	 
	2.01
	 	The Loans	 	 	26	 
	2.02
	 	Borrowings, Conversions and Continuations of Loans	 	 	26	 
	2.03
	 	Letters of Credit	 	 	29	 
	2.04
	 	Swing Line Loans	 	 	36	 
	2.05
	 	Prepayments	 	 	38	 
	2.06
	 	Termination or Reduction of Commitments	 	 	40	 
	2.07
	 	Repayment of Loans	 	 	40	 
	2.08
	 	Interest	 	 	40	 
	2.09
	 	Fees	 	 	41	 
	2.10
	 	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate	 	 	42	 
	2.11
	 	Evidence of Indebtedness	 	 	42	 
	2.12
	 	Payments Generally	 	 	43	 
	2.13
	 	Sharing of Payments	 	 	45	 
	2.14
	 	Committed Currency Borrowings	 	 	46	 
	 
	 	 	 	 	 	 
	ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY	 	 	46	 
	3.01
	 	Taxes	 	 	46	 
	3.02
	 	Illegality	 	 	47	 
	3.03
	 	Inability to Determine Rates	 	 	48	 
	3.04
	 	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans	 	 	48	 
	3.05
	 	Funding Losses	 	 	49	 
	3.06
	 	Matters Applicable to All Requests for Compensation	 	 	50	 
	3.07
	 	Survival	 	 	50	 
	 
	 	 	 	 	 	 
	ARTICLE IV GUARANTY	 	 	50	 
	4.01
	 	The Guaranty	 	 	50	 
	4.02
	 	Obligations Unconditional	 	 	51	 
	4.03
	 	Reinstatement	 	 	52	 
	4.04
	 	Certain Additional Waivers	 	 	52	 
	4.05
	 	Remedies	 	 	52	 
	4.06
	 	Rights of Contribution	 	 	52	 

i

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	4.07
	 	Guarantee of Payment; Continuing Guarantee	 	 	52	 
	 
	 	 	 	 	 	 
	ARTICLE V CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	 	 	53	 
	5.01
	 	Conditions of Initial Credit Extension	 	 	53	 
	5.02
	 	Conditions to all Credit Extensions	 	 	54	 
	 
	 	 	 	 	 	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	 	 	55	 
	6.01
	 	Existence, Qualification and Power; Compliance with Laws	 	 	55	 
	6.02
	 	Authorization; No Contravention	 	 	55	 
	6.03
	 	Governmental Authorization; Other Consents	 	 	55	 
	6.04
	 	Binding Effect	 	 	55	 
	6.05
	 	Financial Statements; No Material Adverse Effect	 	 	56	 
	6.06
	 	Litigation	 	 	56	 
	6.07
	 	No Default	 	 	56	 
	6.08
	 	Ownership of Property; Liens	 	 	56	 
	6.09
	 	Environmental Compliance	 	 	57	 
	6.10
	 	Insurance	 	 	57	 
	6.11
	 	Taxes	 	 	57	 
	6.12
	 	Pension Plans	 	 	58	 
	6.13
	 	Subsidiaries; Equity Interests	 	 	58	 
	6.14
	 	Margin Regulations; Investment Company Act	 	 	59	 
	6.15
	 	Disclosure	 	 	59	 
	6.16
	 	Compliance with Laws	 	 	59	 
	6.17
	 	Intellectual Property; Licenses,
Etc.	 	 	59	 
	6.18
	 	Solvency	 	 	59	 
	 
	 	 	 	 	 	 
	ARTICLE VII AFFIRMATIVE COVENANTS	 	 	60	 
	7.01
	 	Financial Statements	 	 	60	 
	7.02
	 	Certificates; Other Information	 	 	60	 
	7.03
	 	Notices	 	 	62	 
	7.04
	 	Payment of Obligations	 	 	62	 
	7.05
	 	Preservation of Existence, Etc.	 	 	63	 
	7.06
	 	Maintenance of Properties	 	 	63	 
	7.07
	 	Maintenance of Insurance	 	 	63	 
	7.08
	 	Compliance with Laws	 	 	63	 
	7.09
	 	Books and Records	 	 	63	 
	7.10
	 	Inspection Rights	 	 	63	 
	7.11
	 	Use of Proceeds	 	 	64	 
	7.12
	 	Covenant to Guarantee Obligations	 	 	64	 
	7.13
	 	Compliance with Environmental Laws	 	 	64	 
	7.14
	 	Further Assurances	 	 	65	 
	 
	 	 	 	 	 	 
	ARTICLE VIII NEGATIVE COVENANTS	 	 	65	 
	8.01
	 	Liens	 	 	65	 
	8.02
	 	Investments	 	 	66	 
	8.03
	 	Indebtedness	 	 	68	 
	8.04
	 	Fundamental Changes	 	 	70	 
	8.05
	 	Dispositions	 	 	71	 
	8.06
	 	Restricted Payments	 	 	72	 

ii

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	8.07
	 	Change in Nature of Business	 	 	72	 
	8.08
	 	Transactions with Affiliates	 	 	72	 
	8.09
	 	Burdensome Agreements	 	 	73	 
	8.10
	 	Use of Proceeds	 	 	73	 
	8.11
	 	Financial Covenants	 	 	73	 
	8.12
	 	Amendments of Organization Documents	 	 	73	 
	 
	 	 	 	 	 	 
	ARTICLE IX EVENTS OF DEFAULT AND REMEDIES	 	 	74	 
	9.01
	 	Events of Default	 	 	74	 
	9.02
	 	Remedies upon Event of Default	 	 	75	 
	9.03
	 	Application of Funds	 	 	76	 
	 
	 	 	 	 	 	 
	ARTICLE X AGENTS	 	 	77	 
	10.01
	 	Appointment and Authority	 	 	77	 
	10.02
	 	Rights as a Lender	 	 	77	 
	10.03
	 	Exculpatory Provisions	 	 	77	 
	10.04
	 	Reliance by Agents	 	 	78	 
	10.05
	 	Delegation of Duties	 	 	78	 
	10.06
	 	Resignation of Agents	 	 	79	 
	10.07
	 	Non-Reliance on Agents and Other Lenders	 	 	80	 
	10.08
	 	No Other Duties; Etc.	 	 	80	 
	10.09
	 	Agents May File Proofs of Claim	 	 	80	 
	10.10
	 	Guaranty Matters	 	 	81	 
	 
	 	 	 	 	 	 
	ARTICLE XI MISCELLANEOUS	 	 	81	 
	11.01
	 	Amendments, Etc.	 	 	81	 
	11.02
	 	Notices and Other Communications; Facsimile Copies	 	 	82	 
	11.03
	 	No Waiver; Cumulative Remedies; Enforcement	 	 	84	 
	11.04
	 	Attorney Costs, Expenses and Taxes	 	 	85	 
	11.05
	 	Indemnification by the Borrower	 	 	85	 
	11.06
	 	Payments Set Aside	 	 	86	 
	11.07
	 	Successors and Assigns	 	 	87	 
	11.08
	 	Confidentiality	 	 	91	 
	11.09
	 	Setoff	 	 	91	 
	11.10
	 	Interest Rate Limitation	 	 	92	 
	11.11
	 	Counterparts	 	 	92	 
	11.12
	 	Integration	 	 	92	 
	11.13
	 	Survival of Representations and Warranties	 	 	92	 
	11.14
	 	Severability	 	 	93	 
	11.15
	 	Tax Forms	 	 	93	 
	11.16
	 	Replacement of Lenders	 	 	94	 
	11.17
	 	Judgment	 	 	95	 
	11.18
	 	Substitution of Currency	 	 	95	 
	11.19
	 	Governing Law	 	 	96	 
	11.20
	 	Waiver of Right to Trial by Jury	 	 	96	 
	11.21
	 	Binding Effect	 	 	96	 
	11.22
	 	USA Patriot Act Notice	 	 	96	 
	11.23
	 	Defaulting Lenders	 	 	97	 
	11.24
	 	Impacted Lenders	 	 	97	 

iii

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	SCHEDULES	 	 	 	 
	 
	 	 	 	 	 	 
	I
	 	Certain Timken Stockholders	 	 	 	 
	II
	 	Material Subsidiaries	 	 	 	 
	III
	 	Existing Letters of Credit	 	 	 	 
	2.01
	 	Commitments and Pro Rata Shares	 	 	 	 
	6.08(b)
	 	Existing Liens	 	 	 	 
	6.09
	 	Environmental Matters	 	 	 	 
	6.12
	 	Pension Plans	 	 	 	 
	6.13
	 	Subsidiaries and Other Equity Investments	 	 	 	 
	6.15
	 	Projected Financial Information	 	 	 	 
	8.02(f)
	 	Existing Investments	 	 	 	 
	8.03
	 	Existing Indebtedness	 	 	 	 
	8.08
	 	Transactions with Affiliates	 	 	 	 
	8.09
	 	Burdensome Agreements	 	 	 	 
	11.02
	 	Paying Agent's Office, Certain Addresses for Notices	 	 	 	 
	 
	 	 	 	 	 	 
	EXHIBITS	 	 	 	 
	 
	 	 	 	 	 	 
	Form of	 	 	 	 
	 
	 	 	 	 	 	 
	A
	 	Committed Loan Notice	 	 	 	 
	B
	 	Swing Line Loan Notice	 	 	 	 
	C
	 	Revolving Credit Note	 	 	 	 
	D
	 	Compliance Certificate	 	 	 	 
	E
	 	Assignment and Assumption	 	 	 	 
	F
	 	Joinder Agreement	 	 	 	 

iv

 

SECOND AMENDED AND RESTATED

CREDIT AGREEMENT

     This SECOND AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as of
May 11, 2011, among THE TIMKEN COMPANY, an Ohio corporation (the “Borrower”), the
Guarantors (defined herein), BANK OF AMERICA, N.A. and KEYBANK NATIONAL ASSOCIATION, as
Co-Administrative Agents, KEYBANK NATIONAL ASSOCIATION, as Paying Agent, each lender from time to
time party hereto (collectively, the “Lenders” and individually, a “Lender”) and
KEYBANK NATIONAL ASSOCIATION, as L/C Issuer and Swing Line Lender and further amends and restates
that certain Amended and Restated Credit Agreement dated as of July 10, 2009 among the Borrower,
certain financial institutions party thereto and Bank of America, N.A. and KeyBank National
Association, as co-administrative agents (the “Existing Credit Agreement”).

PRELIMINARY STATEMENTS:

     1. The Borrower has requested that the Existing Credit Agreement be amended and restated to
make certain modifications thereto.

     2. The Co-Administrative Agents and the Lenders are willing to amend and restate the Existing
Credit Agreement, upon and subject to the terms and conditions set forth herein.

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

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

1.01 Defined Terms.

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

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

     “Affiliate” means, with respect to any Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified. “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. Without limiting the generality of the
foregoing, a Person shall be deemed to be Controlled by another Person if such other Person
possesses, directly or indirectly, power to vote 10% or more of the securities having ordinary
voting power for the election of directors, managing general partners or the equivalent.

     “Agents” means, collectively, the Co-Administrative Agents and the Paying Agent.

     “Aggregate Commitments” means the Commitments of all the Lenders.

     “Agreement” has the meaning specified in the preamble hereto.

 

 

     “Applicable Rate” means, from time to time, the following percentages per annum, based
upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate
received by the Co-Administrative Agents pursuant to Section 7.02(b) for the most recent
fiscal quarter of the Borrower:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Applicable Rate
	 	 	 	 	 	 	 	 	 	 	Eurocurrency	 	 
	 Pricing  	 	Consolidated	 	 	 	 	 	Rate/Letters of	 	 
	Level	 	Leverage Ratio	 	Facility Fee	 	Credit	 	Base Rate
	1
	 	≤ 0.5 to 1.0	 	 	0.250	%	 	 	1.250	%	 	 	0.250	%
	2
	 	≤ 1.5 to 1.0 but	 	 	 	 	 	 	 	 	 	 	 	 
	
	 	> 0.5 to 1.0	 	 	0.300	%	 	 	1.450	%	 	 	0.450	%
	3
	 	≤ 2.25 to 1.0 but	 	 	 	 	 	 	 	 	 	 	 	 
	
	 	> 1.5 to 1.0	 	 	0.350	%	 	 	1.650	%	 	 	0.650	%
	4
	 	≤ 3.0 to 1.0 but	 	 	 	 	 	 	 	 	 	 	 	 
	
	 	> 2.25 to 1.0	 	 	0.400	%	 	 	1.850	%	 	 	0.850	%
	5
	 	> 3.0 to 1.0	 	 	0.450	%	 	 	2.050	%	 	 	1.050	%

Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated
Leverage Ratio shall become effective as of the first Business Day immediately following the date a
Compliance Certificate is delivered pursuant to Section 7.02(b) in connection with the
financial statements referred to in Sections 7.01(a) and (b); provided,
however, that if a Compliance Certificate is not delivered within 10 days of the due date
required for its delivery by Section 7.02(b), then Pricing Level 5 shall apply as of the
first Business Day after the date on which such Compliance Certificate was required to have been
delivered and shall continue to apply until the first Business Day immediately following the date a
Compliance Certificate is delivered in accordance with Section 7.02(b), whereupon the
Applicable Rate shall be adjusted based upon the calculation of the Consolidated Leverage Ratio
contained in such Compliance Certificate. The Applicable Rate in effect from the Closing Date
through the first Business Day immediately following the date a Compliance Certificate is required
to be delivered pursuant to Section 7.02(b) for the fiscal quarter ending June 30, 2011
shall be determined based upon Pricing Level 2. Notwithstanding anything to the contrary contained
in this definition, the determination of the Applicable Rate for any period shall be subject to the
provisions of Section 2.10(b).

     “Appropriate Lender” means, at any time, (a) with respect to the Revolving Credit
Facility, the Lenders, (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuer and
(ii) if any Letters of Credit have been issued, or have been deemed to have been issued, pursuant
to Section 2.03(a), the 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 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.

     “Assignment and Assumption” means an Assignment and Assumption substantially in the
form of Exhibit E.

     “Attorney Costs” means and includes all reasonable fees, expenses and disbursements of
any law firm or other external counsel and, without duplication, the allocated cost of internal
legal services and all expenses and disbursements of internal counsel.

     “Attributable Indebtedness” means, on any date, (a) in respect of any capital lease of
any Person, the capitalized amount thereof that would appear on a balance sheet of such Person
prepared as of such

2

 

date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the
capitalized amount of the remaining lease payments under the relevant lease that would appear on a
balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were
accounted for as a capital lease.

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

     “Auto-Renewal Letter of Credit” has the meaning specified in Section
2.03(b)(iii).

     “Availability Period” means the period from and including the Closing Date to the
earliest of (a) the Maturity Date, (b) the date of termination of the Aggregate Commitments
pursuant to Section 2.06, and (c) the date of termination of the commitment of each Lender
to make Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions pursuant to
Section 9.02.

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

     “Bank of America Fee Letter” means the letter agreement, dated March 24, 2011, among
the Borrower, Bank of America and MLPF&S.

     “Base Rate” means a rate per annum equal to the greatest of (a) the Prime Rate, (b)
one-half of one percent (0.50%) in excess of the Federal Funds Rate and (c) the Eurocurrency Rate
plus 1.0%. Any change in the Base Rate shall be effective immediately from and after such
change in the Base Rate.

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

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

     “Borrower Materials” has the meaning specified in Section 7.02.

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

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, the state
where the Paying Agent’s Office is located and, if such day relates to any Eurocurrency Rate Loan,
means any such day on which dealings are conducted by and between banks in the London eurocurrency
interbank market and banks are open for business in London and in the country of issue of the
currency of such Eurocurrency Rate Loan (or, in the case of a Loan denominated in Euro, on which
the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open).

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

     “Cash Equivalents” means any of the following types of Investments, to the extent
owned by the Borrower or any of its Subsidiaries free and clear of all Liens (other than 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

3

 

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) readily marketable obligations issued by the District of Columbia, any state of the
United States of America or any political subdivision thereof (i) having maturities of not
more than 360 days from the date of acquisition thereof, (ii) rated at least A by S&P and at
least A2 by Moody’s, and (iii) in an amount not to exceed $20,000,000 per issuer or
$100,000,000 in the aggregate;

     (c) time deposits or repurchase agreements 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, any state 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 (d) 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 270 days from the date of acquisition thereof;

     (d) commercial paper or master notes issued by any Person organized under the laws of
any state of the United States of America and rated at least “Prime-1” (or the then
equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in
each case with maturities of not more than 90 days from the date of acquisition thereof;

     (e) obligations issued by any Person organized under the laws of any state of the
United States of America (i) having maturities of not more than 365 days from the date of
acquisition thereof and (ii) rated at least A by S&P and at least A2 by Moody’s;

     (f) 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), (c), (d) and (e) of this definition; and

     (g) with respect to Foreign Subsidiaries, the approximate foreign equivalent of any of
clauses (a) through (f) above.

     “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability
Act of 1980.

     “CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability
Information System maintained by the U.S. Environmental Protection Agency.

     “Change in Law” means the occurrence, after the date of this Agreement, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any
change in any law, rule, regulation or treaty or in the administration, interpretation,
implementation or application thereof by any Governmental Authority or (c) the making or issuance
of any request, rule, guideline or directive (whether or not having the force of law) by any
Governmental Authority; provided, that, notwithstanding anything herein to the
contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests,
rules, guidelines or directives promulgated by the Bank for International settlements, the Basel

4

 

Committee on Banking Supervision (or any successor or similar authority) or the United States
regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a
“Change in Law”, regardless of the date enacted, adopted or issued.

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

     (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, but excluding any employee benefit plan of the Borrower or
its Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other
fiduciary or administrator of any such plan), other than those Persons listed on Schedule I
and the heirs, administrators or executors of any such Persons and any trust established by
or for the benefit of such Persons, becomes the “beneficial owner” (as defined in Rules
13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group
shall be deemed to have “beneficial ownership” of all securities that such person or group
has the right to acquire (such right, an “option right”), whether such right is exercisable
immediately or only after the passage of time), directly or indirectly, of 30% or more of
the equity securities of the Borrower entitled to vote for members of the board of directors
or equivalent governing body of the Borrower on a fully-diluted basis (and taking into
account all such securities that such person or group has the right to acquire pursuant to
any option right); or

     (b) during any period of 24 consecutive months, a majority of the members of the board
of directors or other equivalent governing body of the Borrower cease to be composed of
individuals (i) who were members of that board or equivalent governing body on the first day
of such period, (ii) whose election or nomination to that board or equivalent governing body
was approved by individuals referred to in clause (i) above constituting at the time of such
election or nomination at least a majority of that board or equivalent governing body or
(iii) whose election or nomination to that board or other equivalent governing body was
approved by individuals referred to in clauses (i) and (ii) above constituting at the time
of such election or nomination at least a majority of that board or equivalent governing
body (excluding, in the case of both clause (ii) and clause (iii), any individual whose
initial nomination for, or assumption of office as, a member of that board or equivalent
governing body occurs as a result of an actual or threatened solicitation of proxies or
consents for the election or removal of one or more directors by any person or group other
than a solicitation for the election of one or more directors by or on behalf of the board
of directors); or

     (c) any Person or two or more Persons acting in concert, other than those Persons
listed on Schedule I, shall have acquired by contract or otherwise, or shall have
entered into a contract or arrangement that, upon consummation thereof, will result in its
or their acquisition of the power to exercise, directly or indirectly, a controlling
influence over the management or policies of the Borrower, or control over the equity
securities of such Person entitled to vote for members of the board of directors or
equivalent governing body of such Person on a fully-diluted basis (and taking into account
all such securities that such person or group has the right to acquire pursuant to any
option right) representing 30% or more of the combined voting power of such securities.

     “Closing Date” means May 11, 2011.

     “Co-Administrative Agent” means each of Bank of America and KeyBank in its capacity as
a co-administrative agent under any of the Loan Documents, or any successor co-administrative
agent.

     “Code” means the Internal Revenue Code of 1986.

5

 

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

     “Committed Currencies” means Canadian dollars, pounds sterling, Japanese yen, Euros
and other freely transferable currencies satisfactory to the Lenders in their sole discretion.

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

     “Committed L/C Currency Sublimit” means an amount equal to $100,000,000. The
Committed L/C Currency Sublimit is part of, and not in addition to, the Letter of Credit Sublimit.

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

     “Compensation Period” has the meaning specified in Section 2.12(c)(ii).

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

     “Consolidated EBITDA” means, for any period, for the Borrower and its Subsidiaries on
a consolidated basis, an amount equal to Consolidated Net Income plus (a) the following to
the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges
for such period, (ii) the provision for federal, state, local and foreign income taxes for such
period, as determined in accordance with GAAP, (iii) depreciation and amortization expense, as
determined in accordance with GAAP, (iv) other non-recurring charges and expenses of the Borrower
and its Subsidiaries reducing such Consolidated Net Income which do not represent a cash item in
such period or any future period, (v) any losses realized upon the Disposition of assets outside
the ordinary course of business, as determined in accordance with GAAP and (vi) the aggregate
amount of non-cash impairment, restructuring, reorganization, implementation, manufacturing
rationalization and other special charges for such period, and minus (b) the sum of (i) all
non-recurring material non-cash items increasing Consolidated Net Income for such period, (ii) any
gains realized upon the Disposition of assets outside the ordinary course of business, as
determined in accordance with GAAP, and (iii) payments (net of expenses) received with respect to
the United States — Continued Dumping and Subsidy Offset Act of 2000.

     “Consolidated Funded Indebtedness” means, as of any date of determination, for the
Borrower and its Subsidiaries on a consolidated basis, the sum of (without duplication) (a) the
outstanding principal amount of all obligations, whether current or long-term, for borrowed money
(including Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan
agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all direct
obligations arising under letters of credit (including standby and commercial), bankers’
acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations in respect
of the deferred purchase price of property or services (other than (i) trade accounts payable in
the ordinary course of business and (ii) earn-outs, hold-backs and other deferred payment of
consideration in connection with Permitted Acquisitions to the extent not required to be reflected
as liabilities on the balance sheet of the Borrower and its Subsidiaries in accordance with GAAP),
(e) Attributable Indebtedness, (f) all Off-Balance Sheet Liabilities, (g) without duplication, all

6

 

Guarantees with respect to outstanding Indebtedness (other than Indebtedness that is
contingent in nature) of the types specified in clauses (a) through (f) above of Persons other than
the Borrower or any Subsidiary, and (h) all Indebtedness of the types referred to in clauses (a)
through (g) above of any partnership or joint venture (other than a joint venture that is itself a
corporation or limited liability company) in which the Borrower or a Subsidiary is a general
partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower
or such Subsidiary.

     “Consolidated Interest Charges” means, for any period, for the Borrower and its
Subsidiaries on a consolidated basis, the sum of all interest, premium payments, debt discount,
fees, charges and related expenses of the Borrower and its Subsidiaries in connection with borrowed
money (including capitalized interest) or in connection with the deferred purchase price of assets,
in each case to the extent treated as interest in accordance with GAAP, net of interest income in
accordance with GAAP.

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated EBITDA for the period of the four consecutive fiscal quarters most
recently ended to (b) Consolidated Interest Charges for such period.

     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the
four consecutive fiscal quarters ended on such date. The Consolidated Leverage Ratio (including
for purposes of determining the Applicable Rate) shall be calculated on a Pro Forma Basis.

     “Consolidated Net Income” means, for any period, for the Borrower and its Subsidiaries
on a consolidated basis, the net income of the Borrower and its Subsidiaries (excluding
extraordinary gains and extraordinary losses) for that period, as determined in accordance with
GAAP.

     “Consolidated Net Worth” means, as of any date of determination, the consolidated net
worth of the Borrower and its Subsidiaries; provided, however, that there shall be
excluded from consolidated net worth the effect of any adjustments made to consolidated net worth
as a result of accumulated other comprehensive income or loss, all as determined in accordance with
GAAP on a Pro Forma Basis.

     “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” has the meaning specified in the definition of “Affiliate.”

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

     “Current Assets” means, with respect to any Person, all assets of such Person that, in
accordance with GAAP, would be classified as current assets on the balance sheet of a company
conducting a business the same as or similar to that of such Person, after deducting appropriate
and adequate reserves therefrom in each case in which a reserve is proper in accordance with GAAP.

     “Debt Rating” means, as of any date of determination, the rating as determined (x) by
S&P of the Borrower’s long term corporate credit or (y) by Moody’s of the Borrower’s senior
unsecured long term debt, in each of clause (x) and (y) on a non-credit enhanced basis;
provided that if (i) a Debt Rating is issued by each of the foregoing rating agencies, then
the higher of such Debt Ratings shall apply, and (ii) either S&P or Moody’s shall change the basis
on which ratings are established by it, each reference to the

7

 

Debt Rating announced by S&P or Moody’s shall refer to the then equivalent rating by S&P or
Moody’s, as the case may be.

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

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

     “Default Period” means, with respect to any Defaulting Lender,

     (a) in the case of any Defaulted Credit, the period commencing on the date the
applicable Defaulted Credit was required to be extended to the Borrower under this Agreement
(after giving effect to any applicable grace period) and ending on the earlier of the
following: (i) the date on which such Defaulted Credit with respect to such Defaulting
Lender has been funded or reduced to zero (whether by the funding of any Defaulted Credit by
such Defaulting Lender or by the non-pro-rata application of any prepayment pursuant to
Section 11.23(b)) and (ii) the date on which the Borrower, the Co-Administrative
Agents and the Required Lenders (and not including such Defaulting Lender in any such
determination, in accordance with Section 11.23(a)) waive the application of
Section 11.23 with respect to such Defaulted Credit of such Defaulting Lender in
writing;

     (b) in the case of any Defaulted Payment, the period commencing on the date the
applicable Defaulted Payment was required to have been paid to any Agent, the L/C Issuer or
other Lender under this Agreement (after giving effect to any applicable grace period) and
ending on the earlier of the following: (i) the date on which such Defaulted Payment has
been paid to such Agent, the L/C Issuer or other Lender, as applicable, together with (to
the extent that such Person has not otherwise been compensated by the Borrower for such
Defaulted Payment) interest thereon for each day from and including the date such amount is
paid but excluding the date of payment, at the greater of the Federal Funds Rate and a rate
determined by the Paying Agent in accordance with its then-applicable policies regarding
interbank compensation (whether by the funding of any Defaulted Payment by such Defaulting
Lender or by the application of any amount pursuant to Section 11.23(c)) and (ii)
the date on which such Agent, the L/C Issuer and any such other Lender waive the application
of Section 11.23 with respect to such Defaulted Payments of such Defaulting Lender
in writing; and

     (c) in the case of any Distress Event determined by the Co-Administrative Agents (in
their respective good faith judgment) or the Required Lenders (in their respective good
faith judgment) to exist, the period commencing on the date that the applicable Distress
Event was so determined to exist and ending on the earlier of the following: (i) the date on
which such Distress Event is determined by the Co-Administrative Agents (in their respective
good faith judgment) or the Required Lenders (in their respective good faith judgment) to no
longer exist and (ii) such date as the Borrower and the Co-Administrative Agents agree, in
their sole discretion, to waive the application of Section 11.23 with respect to
such Distress Event of such Defaulting Lender.

     “Default Rate” means an interest rate equal to (a) the Applicable Rate, if any,
applicable to Base Rate Loans plus (b) 2.0% per annum; provided, however, that with
respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the
Applicable Rate otherwise applicable to such Loan plus 2.0% per annum, in each case to the fullest
extent permitted by applicable Laws.

8

 

     “Defaulted Credit” has the meaning specified in the definition of “Defaulting Lender”.

     “Defaulted Payment” has the meaning specified in the definition of “Defaulting
Lender”.

     “Defaulting Lender” means any Lender (a) that has failed to fund any portion of the
Revolving Credit Loans, participations in L/C Obligations or participations in Swing Line Loans
required to be funded by it hereunder (each such Loan, a “Defaulted Credit”) within three
Business Days of the date required to be funded by it hereunder, unless the subject of a good faith
dispute, (b) that has otherwise failed to pay over to any Agent, the L/C Issuer or any other Lender
any other amount required to be paid by it hereunder (each such payment, a “Defaulted
Payment”) within three Business Days of the date when due, unless the subject of a good faith
dispute, (c) that has given written notice to any Agent, the L/C Issuer or any Lender or has
otherwise publicly announced that such Lender will or expects to become a Defaulting Lender or (d)
as to which a Distress Event has occurred, in each case in clauses (a) through (c) above, for so
long as the applicable Default Period is in effect.

     “Determination Date” has the meaning specified in Section 2.14(a).

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

     “Distress Event” means, with respect to any Person (each, a “Distressed
Person”), (a) a voluntary or involuntary case (or comparable proceeding) with respect to such
Distressed Person has been commenced with respect to such Distressed Person under any Debtor Relief
Law, (b) a custodian, conservator, receiver or similar official has been appointed for such
Distressed Person or for any substantial part of such Distressed Person’s assets or (c) such
Distressed Person has made a general assignment for the benefit of creditors or has otherwise been
adjudicated as, or determined by any Governmental Authority having regulatory authority over such
Distressed Person or its assets to be, insolvent or bankrupt.

     “Distressed Person” has the meaning specified in the definition of “Distress Event”.

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

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

     “Eligible Assignee” means any Person that meets the requirements to be an assignee
under Section 11.07(b)(iv), (v) and (vi) (subject to such consents, if any,
as may be required under Section 11.07(b)(ii)).

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

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly
resulting from or based upon

9

 

(a) violation of any Environmental Law, (b) the generation, use, handling, transportation,
storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials,
(d) the release or threatened release of any Hazardous Materials into the environment or (e) any
contract, agreement or other consensual arrangement pursuant to which liability is assumed or
imposed with respect to any of the foregoing.

     “Environmental Permit” means any permit, approval, identification number, license or
other authorization required under any Environmental Law.

     “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.

     “Equivalent” means, (a) with respect to a Loan denominated in a Committed Currency,
the Dollar equivalent of the principal amount of such Loan, determined by the Paying Agent on the
basis of its spot rate at approximately 11:00 a.m., London time, on the date two (2) Business Days
before the date of such Loan, for the purchase of the relevant Committed Currency with Dollars for
delivery on the date of such Loan, and (b) with respect to any other amount, if denominated in
Dollars, then such amount in Dollars, and otherwise the Dollar equivalent of such amount,
determined by the Paying Agent on the basis of its spot rate at approximately 11:00 a.m., London
time, on the date for which the Dollar equivalent amount of such amount is being determined, for
the purchase of the relevant Committed Currency with Dollars for delivery on such date;
provided, however, that, in calculating the Equivalent for purposes of determining
(i) the Borrower’s obligation to prepay Loans pursuant to Section 2.05 hereof, or (ii) the
Borrower’s ability to request additional Loans pursuant to the Commitments, the Paying Agent may,
in its discretion, on any Business Day selected by the Paying Agent (prior to the Obligations being
Fully Satisfied), calculate the Equivalent of each Loan denominated in a Committed Currency. The
Paying Agent shall notify the Borrower of the Equivalent of such Loan denominated in a Committed
Currency or any other amount at the time that Equivalent is determined.

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

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

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) 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 that a Multiemployer Plan is in reorganization; (d) the filing
of a notice of intent to terminate a Pension Plan or the treatment of a Pension Plan amendment as a
termination under Sections 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings
to terminate a Pension Plan; (f) any event or condition which constitutes grounds under Section
4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension
Plan; (g) the determination that any Pension Plan is

10

 

considered an at-risk plan within the meaning of Section 430 of the Code or Section 303 of
ERISA; or (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums
due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate.

     “EURIBO Rate” means the rate appearing on Reuters Page EURIBOR01 (or on any successor
or substitute page of such Service, or any successor to or substitute for such Service, providing
rate quotations comparable to those currently provided on such page of such Service, as determined
by the Paying Agent from time to time for purposes of providing quotations of interest rates
applicable to deposits in Euro by reference to the Banking Federation of the European Union
Settlement Rates for deposits in Euro) at approximately 10:00 a.m., London time, two Business Days
prior to the commencement of the applicable Interest Period, as the rate for deposits in Euro with
a maturity comparable to such Interest Period or, if for any reason such rate is not available, the
average (rounded upward, if necessary, to the nearest five decimal places) of the respective rates
per annum at which deposits in Euros are offered to the Paying Agent in London by prime banks in
the European interbank eurocurrency market at approximately 10:00 a.m., London time, two Business
Days prior to the commencement of the such Interest Period in an amount substantially equal to the
Paying Agent’s (in its capacity as a Lender) Eurocurrency Rate Loan comprising part of such
Revolving Credit Borrowing to be outstanding during such Interest Period and for a period equal to
such Interest Period (subject, however, to the provisions of Section 3.03).

     “Euro” means the lawful currency of the European Union as constituted by the Treaty of
Rome which established the European Community, as such treaty may be amended from time to time and
as referred to in the EMU legislation.

     “Eurocurrency Rate” means:

     (a) for any Interest Period with respect to any Eurocurrency Rate Loan denominated in
Dollars or any Committed Currency other than Euro the rate per annum equal to (i) the
British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or
such other commercially available source providing quotations of BBA LIBOR as may be
designated by the Paying Agent from time to time) at approximately 11:00 a.m., London time,
two Business Days prior to the commencement of such Interest Period, for deposits in Dollars
or the applicable Committed Currency (for delivery on the first day of such Interest Period)
with a term equivalent to such Interest Period or, (ii) if such rate is not available at
such time for any reason, the rate per annum determined by the Paying Agent to be the rate
at which deposits in Dollars or the applicable Committed Currency for delivery on the first
day of such Interest Period in same day funds in the approximate amount of the Eurocurrency
Rate Loan being made, continued or converted and with a term equivalent to such Interest
Period would be offered to the Paying Agent (or an Affiliate of the Paying Agent, in the
Paying Agent’s discretion) by major banks in the London or other offshore interbank
eurocurrency market for such currency at their request at approximately 11:00 a.m., London
time, two Business Days prior to the commencement of such Interest Period;

     (b) for any interest rate calculation with respect to a Base Rate Loan, the rate per
annum equal to (A) BBA LIBOR, at approximately 11:00 a.m., London time, two Business Days
prior to the date of determination (provided that if such day is not a Business Day, the
next preceding Business Day) for Dollar deposits being delivered in the London interbank
eurodollar market for a term of one month commencing that day or (B) if such published rate
is not available at such time for any reason, the rate determined by the Paying Agent to be
the rate at which deposits in Dollars for delivery on the date of determination in same day
funds in the approximate amount of the Base Rate Loan being made, continued or converted by
the Paying Agent and with

11

 

a term equal to one month would be offered to the Paying Agent by major banks in the
London interbank eurodollar market at their request at the date and time of determination;
and

     (c) for any Interest Period with respect to any Eurocurrency Rate Loan denominated in
Euros, the EURIBO Rate.

     “Eurocurrency Rate Loan” means a Loan (other than a Base Rate Loan) denominated in
Dollars or a Committed Currency that bears interest at a rate based on clause (a) of the definition
of “Eurocurrency Rate”.

     “Event of Default” has the meaning specified in Section 9.01.

     “Existing Credit Agreement” has the meaning specified in the preamble hereto.

     “Existing Letter of Credit” means each letter of credit listed on Schedule
III.

     “Facility Fee” has the meaning specified in Section 2.09(a).

     “Federal Funds Rate” means, for any day, the rate per annum (rounded upward to the
nearest one one-hundredth of one percent (1/100 of 1%)) announced by the Federal Reserve Bank of
New York (or any successor) on such day as being the weighted average of the rates on overnight
federal funds transactions arranged by federal funds brokers on the previous trading day, as
computed and announced by such Federal Reserve Bank (or any successor) in substantially the same
manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the
“Federal Funds Effective Rate” as of the Closing Date.

     “Foreign Lender” has the meaning specified in Section 11.15(a)(i).

     “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.

     “Fully Satisfied” means, with respect to the Obligations as of any date, that, as of
such date, (a) all principal of and interest accrued to such date which constitute Obligations
shall have been irrevocably paid in full in cash, (b) all fees, expenses and other amounts then due
and payable which constitute Obligations shall have been irrevocably paid in cash, (c) all
outstanding Letters of Credit shall have been (i) terminated, (ii) fully irrevocably Cash
Collateralized or (iii) secured by one or more letters of credit on terms and conditions, and with
one or more financial institutions, reasonably satisfactory to the L/C Issuer and (d) the
Commitments shall have expired or been terminated in full.

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

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

12

 

     “Governmental Authority” means any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative
tribunal, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government.

     “Granting Lender” has the meaning specified in Section 11.07(h).

     “Guarantors” means, collectively, the Material Subsidiaries of the Borrower identified
as a “Guarantor” on the signature pages hereto and each other Material Subsidiary of the
Borrower that shall be required to execute and deliver a Joinder Agreement pursuant to Section
7.12. For purposes of clarification, the Receivables Subsidiaries shall not be Guarantors.

     “Guaranty” means the Guaranty made by the Guarantors in favor of the Paying Agent and
the Lenders pursuant to Article IV hereof.

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

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

     “Honor Date” has the meaning specified in Section 2.03(c)(i).

     “ICC” has the meaning specified in Section 2.03(h).

     “Impacted Lender” means any Lender as to which the Administrative Agent, the L/C
Issuer or the Swing Line Lender has a good faith belief that such Lender has defaulted in
fulfilling its obligations (as a lender, letter of credit issuer or issuer of bank guarantees and
including, but not limited to, funding or paying when due loan requests, swingline participations,
letter of credit participations, pro rata sharing obligations and expense and indemnification
obligations) under one or more other syndicated credit facilities, unless the subject of a good
faith dispute.

13

 

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

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

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

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

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than trade accounts payable in the ordinary course of business on customary
terms);

     (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, Off-Balance Sheet Liabilities and Synthetic Lease Obligations;

     (g) all obligations of such Person to mandatorily purchase, redeem, retire, defease or
otherwise make any payment, in each case in cash, in respect of any Equity Interests in such
Person or any other Person or any warrants, rights or options to acquire such Equity
Interests, valued, in the case of redeemable preferred interests, at the greater of its
voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and

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

     For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited
liability company) in which such Person is a general partner or a joint venturer, except to the
extent that such Indebtedness is expressly made non-recourse to such Person. The amount of any net
obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value
thereof as of such date. The amount of any capital lease or Synthetic Lease Obligation as of any
date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such
date.

     “Indemnified Liabilities” has the meaning specified in Section 11.05.

     “Indemnitees” has the meaning specified in Section 11.05.

     “Information” has the meaning specified in Section 11.08.

     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date; provided,
however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the
respective dates that fall every three months after the beginning of such Interest Period shall
also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the
last Business Day of each March, June, September and December and the Maturity Date.

14

 

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

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

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of debt of, or purchase or other acquisition of any other debt or equity participation
or interest in, another Person, including any partnership or joint venture interest in such other
Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions)
of assets of another Person that constitute a business unit or all or a substantial part of the
business of, such Person. For purposes of covenant compliance, the amount of any Investment shall
be (i) the amount actually invested, without adjustment for subsequent increases or decreases in
the value of such Investment, minus (ii) the amount of dividends or distributions received in
connection with such Investment and any return of capital or repayment of principal received in
respect of such Investment that, in each case, is received in cash, Cash Equivalents or short-term
marketable debt securities.

     “IP Rights” has the meaning specified in Section 6.17.

     “IRS” means the United States Internal Revenue Service.

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

     “Joinder Agreement” means a joinder agreement substantially in the form of Exhibit
F executed by a direct or indirect Domestic Subsidiary in accordance with the provisions of
Section 7.12.

     “KeyBank” means KeyBank National Association and its successors.

     “KeyBank Fee Letter” means the letter agreement, dated March 24, 2011, between the
Borrower and KeyBank.

     “Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, 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.

15

 

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

     “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 (or
deemed issuance) thereof or extension of the expiry date thereof, or the renewal or increase of the
amount thereof.

     “L/C Issuer” means (a) KeyBank in its capacity as issuer of Letters of Credit
hereunder and/or (b) any other Lender from time to time designated by the Borrower as an L/C Issuer
with the consent of such Lender, in its sole discretion, and the Co-Administrative Agents (such
consent not to be unreasonably withheld or delayed), in each case in its capacity as issuer of
Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder. For the
purposes of the foregoing, the consent of the Co-Administrative Agents shall not be withheld if (i)
the credit rating of KeyBank is unacceptable to the proposed beneficiary of a Letter of Credit or
(ii) the credit rating of KeyBank could reasonably be expected to result in additional material
costs or expenses being paid, or additional material obligations being incurred, by the Borrower or
any Subsidiary under or in connection with any Contractual Obligations to which the proposed
beneficiary of a Letter of Credit is a party. In the event that there is more than one L/C Issuer
at any time, references herein and in the other Loan Documents to the L/C Issuer shall be deemed to
refer to the L/C Issuer in respect of the applicable Letter of Credit or to all L/C Issuers, as the
context requires.

     “L/C Obligations” means, as at any date of determination, the aggregate undrawn amount
of all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all
L/C Borrowings.

     “Lender” has the meaning specified in the introductory paragraph hereto and, as the
context requires, includes the L/C Issuer and 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 Paying Agent.

     “Letter of Credit” means any letter of credit issued hereunder, or deemed to have been
issued hereunder, including, without limitation, all Existing Letters of Credit. A Letter of
Credit may be a commercial letter of credit or a standby letter of credit.

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

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

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

     “Letter of Credit Sublimit” means an amount equal to $150,000,000. The Letter of
Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility.

16

 

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

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

     “Loan Documents” means, collectively, (a) this Agreement, (b) the Notes, (c) the Bank
of America Fee Letter, (d) the KeyBank Fee Letter, (e) each Letter of Credit Application and (f)
each Joinder Agreement.

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

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

     “Material Subsidiary” means each Domestic Subsidiary now existing or hereafter
acquired or formed, and each successor thereto, which, (a) after giving pro forma effect to such
acquisition or formation, or at any other time thereafter, (i) the Borrower and its other
Subsidiaries’ Investments in such Domestic Subsidiary exceeds 2.5% of the total assets of the
Borrower and its Subsidiaries on a consolidated basis, (ii) the Borrower and its other
Subsidiaries’ proportionate share of the total assets (after intercompany eliminations) of such
Domestic Subsidiary exceeds 2.5% of the total assets of the Borrower and its Subsidiaries on a
consolidated basis, or (iii) the Borrower and its other Subsidiaries’ equity in the income from
continuing operations before income taxes, extraordinary items and cumulative effect of a change in
accounting principle of such Domestic Subsidiary exceeds 2.5% of the income of the Borrower and its
Subsidiaries on a consolidated basis, or (b) together with any other Domestic Subsidiaries that
have not provided a Guaranty hereunder, after giving pro forma effect to such acquisition or
formation, or at any other time thereafter, (i) the Borrower and its other Subsidiaries’
Investments in such Domestic Subsidiaries exceeds 10% of the total assets of the Borrower and its
Subsidiaries on a consolidated basis, (ii) the Borrower and its other Subsidiaries’ proportionate
share of the total assets (after intercompany eliminations) of such Domestic Subsidiaries exceeds
10% of the total assets of the Borrower and its Subsidiaries on a consolidated basis, or (iii) the
Borrower and its other Subsidiaries’ equity in the income from continuing operations before income
taxes, extraordinary items and cumulative effect of a change in accounting principle of such
Domestic Subsidiaries exceeds 10% of the income of the Borrower and its Subsidiaries on a
consolidated basis, in each case, as of the last day of the most recently completed fiscal quarter
of the Borrower with respect to which, pursuant to clauses (a) or (b) of Section 7.01,
financial statements have been, or are required to have been, delivered by the Borrower, and in any
event includes all of the Domestic Subsidiaries listed on Schedule II.

     “Maturity Date” means the earlier of (i) May 11, 2016 and (ii) the date of termination
in whole of the Commitments, the Letter of Credit Sublimit, and the Swing Line Sublimit pursuant to
Section 2.06 or 9.02(b).

17

 

     “Maximum Rate” has the meaning specified in Section 11.10.

     “MLPF&S” means Merrill Lynch, Pierce, Fenner & Smith Incorporated and its successors.

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

     “Multiemployer Plan” means any employee benefit plan of the type described 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 described in Section 4064 of ERISA to which the
Borrower or any ERISA Affiliate is obligated to make contributions.

     “Net Cash Proceeds” means:

     (a) with respect to the sale of any asset by any Loan Party or any of its Subsidiaries, the
excess, if any, of (i) the sum of cash and Cash Equivalents received in connection with such sale
(including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by
monetization of, a note receivable or otherwise, but only as and when so received) over (ii) the
sum of (A) the principal amount of any Indebtedness that is secured by such asset and that is
required to be repaid in connection with the sale thereof (other than Indebtedness under the Loan
Documents), (B) out-of-pocket expenses, brokerage commissions and other direct fees and expenses
(including legal expenses and the expenses of any financial advisor) incurred by such Loan Party or
such Subsidiary in connection with such sale and (C) income, franchise, transfer or other taxes
paid in connection with the relevant asset sale as a result of the sale or any gain recognized in
connection therewith; and

     (b) with respect to the incurrence or issuance of any Indebtedness by the Borrower or any of
its Subsidiaries, the excess of (i) the sum of the cash and Cash Equivalents received in connection
with such incurrence or issuance over (ii) the underwriting discounts and commissions, and other
out-of-pocket expenses, incurred by the Borrower in connection with such incurrence or issuance.

     “Non-Guarantor Subsidiary” means any Subsidiary of the Borrower that is not a
Guarantor.

     “Nonrenewal Notice Date” has the meaning specified in Section 2.03(b)(iii).

     “Note” means a Revolving Credit Note.

     “NPL” means the National Priorities List under CERCLA.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan
or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute
or contingent, due or to become due, now existing or hereafter arising and including interest and
fees that accrue after the commencement by or against any Loan Party 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. Without limiting the generality of the
foregoing, the Obligations of the Loan Parties under the Loan Documents include (a) the obligation
to pay principal, interest, Letter of Credit commissions, charges, expenses, fees, attorneys’ fees
and disbursements, indemnities and other amounts payable by any Loan Party under any Loan Document
and (b) the obligation of any Loan Party to reimburse any amount in respect of any of the foregoing
that any Lender, in its sole discretion, may elect

18

 

to pay or advance on behalf of such Loan Party. The foregoing shall also include (a) all obligations under
any Swap Contract between any Loan Party and any Swap Bank and (b) all obligations under any
Treasury Management Agreement between any Loan Party and any Treasury Management Bank.

     “Off-Balance Sheet Liabilities” means, with respect to any Person as of any date of
determination thereof, without duplication and to the extent not included as a liability on the
consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP: (a) with
respect to any asset securitization transaction (including any accounts receivable purchase
facility) (i) the unrecovered investment of purchasers or transferees of assets so transferred and
(ii) any other payment, recourse, repurchase, hold harmless, indemnity or similar obligation of
such Person or any of its Subsidiaries in respect of assets transferred or payments made in respect
thereof, other than limited recourse provisions that are customary for transactions of such type
and that neither (x) have the effect of limiting the loss or credit risk of such purchasers or
transferees with respect to payment or performance by the obligors of the assets so transferred nor
(y) impair the characterization of the transaction as a true sale under applicable Laws (including
Debtor Relief Laws); (b) the monetary obligations under any sale and leaseback transaction which
does not create a liability on the consolidated balance sheet of such Person and its Subsidiaries;
or (c) any other monetary obligation arising with respect to any other transaction which is
characterized as indebtedness for tax purposes but not for accounting purposes in accordance with
GAAP.

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

     “Other Taxes” has the meaning specified in Section 3.01(b).

     “Outstanding Amount” means (i) with respect to Revolving Credit Loans and Swing Line
Loans on any date, the aggregate outstanding principal amount thereof (based on the Equivalent in
Dollars at such time) after giving effect to any borrowings and prepayments or repayments of
Revolving Credit Loans and Swing Line Loans, as the case may be, occurring on such date; and (ii)
with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date
after giving effect to any L/C Credit Extension occurring on such date and any other changes in the
aggregate amount of the L/C Obligations as of such date, including as a result of any
reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the
maximum amount available for drawing under Letters of Credit taking effect on such date.

     “Participant” has the meaning specified in Section 11.07(d).

     “Participant Register” has the meaning specified in Section 11.07(d).

     “Paying Agent” means KeyBank in its capacity as a paying agent under any of the Loan
Documents, or any successor paying agent.

     “Paying Agent’s Office” means the Paying Agent’s address and, as appropriate, account
as set forth on Schedule 11.02, or such other address or account as the Paying Agent may
from time to time notify the Borrower and the Lenders.

19

 

     “Payment Office” means, for any Committed Currency, such office of KeyBank as shall be
from time to time selected by the Paying Agent and notified by the Paying Agent to the Borrower and
the Lenders.

     “PBGC” means the Pension Benefit Guaranty Corporation.

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

     “Pension Funding Rules” means the rules of the Code and ERISA regarding minimum
required contributions (including any installment payment thereof) to Pension Plans and set forth
in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412
of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and, thereafter,
Section 412, 430 and 436 of the Code and Sections 302 and 303 of ERISA.

     “Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA) (excluding a Multiple Employer Plan or a Multiemployer Plan) that is
maintained or is 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 purchase or other acquisition of all of the Equity
Interests in, or all or substantially all of the property and assets of, any Person permitted by
Section 8.02(i).

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

     “Plan” means any “employee benefit plan,” within the meaning of Section 3(3) of ERISA
(including a Pension Plan and excluding a Multiemployer Plan or a Multiple Employer Plan),
maintained for employees of the Borrower or any ERISA Affiliate and to which the Borrower or any
ERISA Affiliate is required to contribute on behalf of any of its employees.

     “Platform” has the meaning specified in Section 7.02.

     “Primary Currency” has the meaning specified in Section 11.17(c).

     “Prime Rate” means the interest rate established from time to time by the Paying Agent
as the Paying Agent’s prime rate, whether or not such rate is publicly announced. The Prime Rate
may not be the lowest interest rate charged by the Paying Agent for commercial or other extensions
of credit. Each change in the Prime Rate shall be effective immediately from and after such
change.

     “Pro Forma Basis” means, for purposes of calculating the Consolidated Leverage Ratio
(including for purposes of determining the Applicable Rate) and Consolidated Net Worth, that any
Disposition of a Sold Business or Acquisition shall be deemed to have occurred as of the first day
of the most recent four consecutive fiscal quarter period preceding the date of such transaction
for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or
(b). In connection with the foregoing, (a) with respect to any Disposition of a Sold
Business, income statement and cash flow statement items (whether positive or negative)
attributable to the property disposed of shall be excluded to the extent relating to any period
occurring prior to the date of such transaction and (b) with respect to any Acquisition income
statement items (whether positive or negative) attributable to the Person or property acquired
shall be included to the extent relating to any period applicable in such calculations to the
extent (i) such items are not otherwise included in such income statement items for the Borrower
and its Subsidiaries in accordance with GAAP or in accordance with any defined terms set forth in
Section 1.01

20

 

and (ii) such items are supported by audited financial statements, if available, or such other
information reasonably satisfactory to the Co-Administrative Agents.

     “Pro Rata Share” means, with respect to each Lender at any time, a fraction (expressed
as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of
the Commitment of such Lender at such time and the denominator of which is the amount of the
Aggregate Commitments at such time; provided that if the commitment of each Lender to make
Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated
pursuant to Section 9.02, then the Pro Rata Share of each Lender shall be determined based
on the Pro Rata Share of such Lender immediately prior to such termination and after giving effect
to any subsequent assignments made pursuant to the terms hereof. The initial Pro Rata Share of
each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

     “Public Lender” has the meaning specified in Section 7.02.

     “Receivables Facility” has the meaning specified in Section 8.05(g).

     “Receivables Subsidiary” has the meaning specified in Section 7.12.

     “Register” has the meaning specified in Section 11.07(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.

     “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA,
other than events for which the 30 day notice period has been waived.

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

     “Required Lenders” means, as of any date of determination, Lenders having more than
50% of the Aggregate Commitments or, if the Commitment of each Lender to make Loans and the
obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to
Section 9.02, Lenders holding in the aggregate more than 50% of the Total Outstandings
(with the aggregate amount of each Lender’s risk participation and funded participation in L/C
Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this
definition); provided that, as set forth in Section 11.23, the Commitment of, and
the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be
excluded for purposes of making a determination of Required Lenders.

     “Responsible Officer” means the chief executive officer, president, chief financial
officer, vice president, corporate controller, treasurer, or assistant treasurer of a Loan Party
and, with respect to certificates to be delivered pursuant to Sections 5.01 and
5.02, notices to be delivered pursuant to Section 7.03 and the requirements of
Section 9.01, the general counsel or the secretary of the Borrower. 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.

21

 

     “Restricted Payment” means 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 capital stock or other
Equity Interest of the Borrower or any Subsidiary, or on account of any return of capital to the
Borrower’s stockholders, partners or members (or the equivalent Persons thereof). The definition
of “Restricted Payment” shall not include any dividend or other distribution (whether in
cash, securities or other property) with regard to any capital stock or other Equity Interest of
the Borrower or any Subsidiary.

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

     “Revolving Credit Borrowing Minimum” means, in respect of Revolving Credit Loans
denominated in Dollars, $5,000,000, and in respect of any Revolving Credit Loans denominated in any
Committed Currency, the Equivalent of $5,000,000.

     “Revolving Credit Borrowing Multiple” means, in respect of Revolving Credit Loans
denominated in Dollars, $1,000,000, and in respect of Revolving Credit Loans denominated in any
Committed Currency, the Equivalent of $1,000,000.

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

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

     “Revolving Credit Note” means a promissory note of the Borrower payable to the order
of any Lender, in substantially the form of Exhibit C, evidencing the aggregate
indebtedness of the Borrower to such Lender resulting from the Revolving Credit Loans made by such
Lender.

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

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

     “Shareholders’ Equity” means, as of any date of determination, consolidated
shareholders’ equity of the Borrower and its Subsidiaries as of that date determined in accordance
with GAAP.

     “Sold Business” means any material Person, property, business or asset sold,
transferred or otherwise disposed of by the Borrower or any Subsidiary, other than in the ordinary
course of business.

     “Solvent” and “Solvency” mean, with respect to any Person, and its
Subsidiaries on a consolidated basis, on any date of determination, that on such date (a) the fair
value of the property of such Person, and its Subsidiaries on a consolidated basis, is greater than
the total amount of liabilities, including, without limitation, contingent liabilities, of such
Person, and its Subsidiaries on a consolidated basis, (b) the present fair salable value of the
assets of such Person, and its Subsidiaries on a consolidated basis, is not less than the amount
that will be required to pay the probable liability of such Person, and its Subsidiaries on a
consolidated basis, on its debts as they become absolute and matured, (c) such Person, and its
Subsidiaries on a consolidated basis, 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
and (d) such Person, and its Subsidiaries on a consolidated basis, is not engaged in business or a
transaction,

22

 

and is not about to engage in business or a transaction, for which the property of such Person,
and its Subsidiaries on a consolidated basis, would constitute an unreasonably small capital. The
amount of contingent liabilities at any time shall be computed as the amount that, in the 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.

     “SPC” has the meaning specified in Section 11.07(h).

     “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 Bank” means (a) any Person that is a Lender or an Affiliate of a Lender at the
time that it becomes a party to a Swap Contract with any Loan Party and (b) any Lender or Affiliate
of a Lender that is party to a Swap Contract with any Loan Party in existence on the Closing Date.

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

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

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

     “Swing Line Lender” means KeyBank 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).

23

 

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

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $50,000,000 and (b)
the Commitments. The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit
Facility.

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

     “Taxes” has the meaning specified in Section 3.01(a).

     “Threshold Amount” means $50,000,000.

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

     “Treasury Management Agreement” means any agreement governing the provision of
treasury or cash management services, including deposit accounts, overdraft, credit or debit card,
funds transfer, automated clearinghouse, zero balance accounts, returned check concentration,
controlled disbursement, lockbox, account reconciliation and reporting and trade finance services
and other cash management services.

     “Treasury Management Bank” means (a) any Person that is a Lender or an Affiliate of a
Lender at the time that it becomes a party to a Treasury Management Agreement with any Loan Party
and (b) any Lender or Affiliate of a Lender that is a party to a Treasury Management Agreement with
any Loan Party in existence on the Closing Date.

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

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

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

1.02 Other Interpretive Provisions.

     With reference to this Agreement and each other Loan Document, unless otherwise specified
herein or in such other Loan Document:

     (a) The meanings of defined terms are equally applicable to the singular and plural
forms of the defined terms. Whenever the context may require, any pronoun shall include the
corresponding masculine, feminine and neuter forms.

     (b) (i) The words “herein,” “hereto,” “hereof” and “hereunder” and words of similar
import when used in any Loan Document shall refer to such Loan Document as a whole and not
to any particular provision thereof.

24

 

     (ii) Article, Section, Exhibit and Schedule references are to the Loan Document
in which such reference appears.

     (iii) The term “including” is by way of example and not limitation.

     (iv) The term “documents” includes any and all instruments, documents,
agreements, certificates, notices, reports, financial statements and other writings,
however evidenced, whether in physical or electronic form.

     (c) 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.”

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

1.03 Accounting Terms.

     (a) All accounting terms not specifically or completely defined herein shall be construed
in conformity with, and all financial data (including financial ratios and other financial
calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner
consistent with that used in preparing the Audited Financial Statements, except as otherwise
specifically prescribed herein.

     (b) 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 Co-Administrative Agents, 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, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior
to such change therein and (ii) the Borrower shall provide to the Co-Administrative Agents and the
Lenders financial statements and other documents required under this Agreement or as reasonably
requested hereunder setting forth a reconciliation between calculations of such ratio or
requirement made before and after giving effect to such change in GAAP.

1.04 Rounding.

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

1.05 References to Agreements and Laws.

     Unless otherwise expressly provided herein, (a) references to Organization Documents,
agreements (including the Loan Documents) and other contractual instruments shall be deemed to
include all subsequent amendments, restatements, extensions, supplements and other modifications
thereto, but only to the extent that such amendments, restatements, extensions, supplements and
other modifications are not prohibited by any Loan Document; and (b) references to any Law shall
include all statutory and regulatory provisions consolidating, amending, replacing, supplementing
or interpreting such Law.

25

 

1.06 Times of Day.

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

1.07 Letter of Credit Amounts.

     Unless otherwise specified, all references herein to the amount of a Letter of Credit at
any time shall be deemed to mean the maximum face amount of such Letter of Credit at such time
after giving effect to all increases thereof contemplated by such Letter of Credit or the Letter of
Credit Application therefor, whether or not such maximum face amount is in effect at such time.

1.08 Currency Equivalents Generally.

     Any amount specified in this Agreement (other than in Articles II, X and XI) or any of
the other Loan Documents to be in Dollars shall also include the equivalent of such amount in any
currency other than Dollars, such equivalent amount to be determined at the rate of exchange quoted
by the Paying Agent in its principal office at the close of business on the Business Day
immediately preceding any date of determination thereof, to prime banks in New York, New York for
the spot purchase in the New York foreign exchange market of such amount in Dollars with such other
currency.

ARTICLE II

THE COMMITMENTS AND CREDIT EXTENSIONS

2.01 The Loans.

     Subject to the terms and conditions set forth herein, each Lender severally agrees to
make loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time,
on any Business Day during the Availability Period, in an aggregate principal amount (based in
respect of any Revolving Credit Loans to be denominated in a Committed Currency by reference to the
Equivalent thereof in Dollars determined on the date of delivery of the applicable Committed Loan
Notice) not to exceed at any time outstanding the amount of such Lender’s Commitment;
provided, however, that after giving effect to any Revolving Credit Borrowing, (i)
the Total Outstandings shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding
Amount of all Revolving Credit Loans denominated in a Committed Currency shall not exceed the
Committed Currency Sublimit, and (iii) the aggregate Outstanding Amount of the Revolving Credit
Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C
Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
shall not exceed such Lender’s Commitment. Within the limits of each Lender’s 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 may be Base Rate Loans or Eurocurrency Rate Loans, as further provided
herein.

2.02 Borrowings, Conversions and Continuations of Loans.

     (a) Each Revolving Credit Borrowing, each conversion of Revolving Credit Loans from one
Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon the
Borrower’s irrevocable notice to the Paying Agent, which may be given by telephone. Each such
notice must be received by the Paying Agent not later than (i) 11:00 a.m. three Business Days prior
to the requested date of any Borrowing of, conversion to or continuation of Eurocurrency Rate Loans
denominated in Dollars

26

 

or of any conversion of Eurocurrency Rate Loans denominated in Dollars to Base Rate Loans
denominated in Dollars, (ii) 4:00 p.m. three Business Days prior to the requested date of any
Revolving Credit Borrowing consisting of Eurocurrency Rate Loans denominated in any Committed
Currency, and (iii) 11:00 a.m. on the requested date of any Borrowing of Base Rate Loans. Each
telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed
promptly by delivery to the Paying Agent of a written Committed Loan Notice, appropriately
completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans shall be in a principal amount of not less than the
Revolving Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in excess thereof.
Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion
to Base Rate Loans shall be in a principal amount of not less than the Revolving Credit Borrowing
Minimum or the Revolving Credit Borrowing Multiple in excess thereof. Each Committed Loan Notice
(whether telephonic or written) shall specify (i) whether the Borrower is requesting a Revolving
Credit Borrowing, a conversion of Revolving Credit Loans from one Type to the other, or a
continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or
continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of
Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which
existing Revolving Credit Loans are to be converted, (v) if such Borrowing is a Revolving Credit
Borrowing, the currency of such Borrowing, which shall be Dollars or a Committed Currency and (vi)
if applicable, the duration of the Interest Period with respect thereto. 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 Revolving Credit 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
Eurocurrency Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation
of Eurocurrency Rate Loans in any such Committed Loan Notice, but fails to specify an Interest
Period, it will be deemed to have specified an Interest Period of one month.

     (b) Following receipt of a Committed Loan Notice, the Paying Agent shall promptly notify each
Lender of the amount of its Pro Rata Share of the applicable Revolving Credit Loans, and if no
timely notice of a conversion or continuation is provided by the Borrower, the Paying 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 Revolving Credit Borrowing, each Appropriate Lender
shall make the amount of its Loan available to the Paying Agent in immediately available funds at
the Paying Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable
Committed Loan Notice, in the case of a Revolving Credit Borrowing consisting of Loans denominated
in Dollars, and before 5:00 p.m. on the date of such Revolving Credit Borrowing, in the case of a
Revolving Credit Borrowing consisting of Eurocurrency Rate Loans denominated in any Committed
Currency. Upon satisfaction of the applicable conditions set forth in Section 5.02 (and,
if such Borrowing is the initial Credit Extension, Section 5.01), the Paying Agent shall
make all funds so received available to the Borrower in like funds as received by the Paying Agent
either by (i) crediting the account of the Borrower on the books of KeyBank with the amount of such
funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to
the Paying Agent by the Borrower; provided, however, that if, on the date the
Committed Loan Notice with respect to such Borrowing is given by the Borrower, there are Swing Line
Loans or L/C Borrowings outstanding, then the proceeds of such Borrowing shall be applied,
first, to the payment in full of any such L/C Borrowings, second, to the payment in
full of any such Swing Line Loans, and third, to the Borrower as provided above.

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

27

 

     (d) The Paying Agent shall promptly notify the Borrower and the Lenders of the interest rate
applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest
rate. The determination of the Eurocurrency Rate by the Paying Agent shall be conclusive in the
absence of manifest error. At any time that Base Rate Loans are outstanding, the Paying 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 Revolving Credit Borrowings, all conversions of Revolving
Credit Loans from one Type to the other, and all continuations of Revolving Credit Loans as the
same Type, there shall not be more than ten Interest Periods in effect.

     (f) The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall
not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of
such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the
Loan to be made by such other Lender on the date of any Borrowing.

     (g) The Borrower may at any time and from time to time, upon prior written notice by the
Borrower to the Co-Administrative Agents, increase the Aggregate Commitments (but not the Committed
L/C Currency Sublimit and Committed Currency Sublimit) by up to $100,000,000 with additional
Commitments from any existing Lender or new Commitments from any other Person selected by the
Borrower and approved by the Co-Administrative Agents (such approval not to be unreasonably
withheld); provided that:

     (i) any such increase shall be in a minimum principal amount of $10,000,000 and in
integral multiples of $5,000,000 in excess thereof;

     (ii) no Default or Event of Default shall exist and be continuing at the time of any
such increase;

     (iii) no existing Lender shall be under any obligation to increase its Commitment and
any such decision whether to increase its Commitment shall be in such Lender’s sole and
absolute discretion;

     (iv) any new Lender shall join this Agreement by executing such joinder documents
required by the Co-Administrative Agents; and

     (v) as a condition precedent to such increase, the Borrower shall deliver to the
Co-Administrative Agents a certificate of each Loan Party dated as of the date of such
increase signed by a Responsible Officer of such Loan Party (A) certifying and attaching the
resolutions adopted by such Loan Party approving or consenting to such increase, and (B) in
the case of the Borrower, certifying that, before and after giving effect to such increase,
(1) the representations and warranties contained in Article VI and the other Loan
Documents are true and correct in all material respects on and as of the date of such
increase, except to the extent that such representations and warranties specifically refer
to an earlier date, in which case they are true and correct as of such earlier date, and
except that for purposes of this Section 2.02(g), the representations and warranties
contained in subsections (a) and (b) of Section 6.05 shall be deemed to refer to the
most recent statements furnished pursuant to clauses (a) and (b), respectively, of
Section 7.01, and (2) no Default or Event of Default exists.

     The Borrower shall prepay any Loans owing by it and outstanding on the date of any such
increase (and pay any additional amounts required pursuant to Section 3.05) to the extent
necessary to

28

 

keep the outstanding Loans ratable with any revised Commitments arising from any nonratable
increase in the Commitments under this Section. In connection with any such increase in the
Aggregate Commitments, Schedule 2.01 shall be revised by the Co-Administrative Agents to
reflect the new Commitments and distributed to the Lenders.

2.03 Letters of Credit.

     (a) The Letter of Credit Commitment.

     (i) On the Closing Date, each Existing Letter of Credit shall be deemed to have been
issued hereunder by the L/C Issuer. Subject to the terms and conditions set forth herein,
(A) the L/C Issuer agrees, in reliance upon the agreements of the other Lenders set forth in
this Section 2.03, (1) from time to time on any Business Day during the period from
the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for
the account of the Borrower or any Subsidiary in Dollars or any Committed Currency, and to
amend or renew Letters of Credit previously issued by it, in accordance with Section
2.03(b), and (2) to honor drafts under the Letters of Credit; and (B) the Lenders
severally agree to participate in Letters of Credit issued (or deemed to have been issued)
for the account of the Borrower or any Subsidiary; provided that the L/C Issuer
shall not make any L/C Credit Extension with respect to any Letter of Credit, and no Lender
shall be obligated to participate in any Letter of Credit if as of the date of such L/C
Credit Extension, (w) the Total Outstandings would exceed the Aggregate Commitments, (x) the
aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Pro Rata
Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata
Share of the Outstanding Amount of all Swing Line Loans would exceed such Lender’s
Commitment, (y) the Outstanding Amount of the L/C Obligations would exceed the Letter of
Credit Sublimit and (z) the Outstanding Amount of all L/C Obligations denominated in a
Committed Currency would exceed the Committed L/C Currency Sublimit. Each request by the
Borrower for an L/C Credit Extension 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.

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

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

     (B) 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 renewal, unless the Required Lenders have approved such expiry date;

29

 

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

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

     (E) such Letter of Credit is in an initial stated amount less than $100,000, in
the case of a commercial Letter of Credit, or $500,000, in the case of a standby
Letter of Credit, or is to be denominated in a currency other than Dollars or a
Committed Currency; or

     (F) a default of any Lender’s obligations to fund under Section 2.03(c)
exists or any Lender is at such time a Defaulting Lender or an Impacted Lender
hereunder, unless the Borrower or such Lender has cash collateralized such
Defaulting Lender’s or Impacted Lender’s risk participation in the L/C Obligations
in accordance with the procedures set forth in Section 2.03(g) for so long
as such risk participation is outstanding or the L/C Issuer has otherwise entered
into satisfactory arrangements with the Borrower or such Lender to eliminate the L/C
Issuer’s risk with respect to such Lender.

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

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

     (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal
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 L/C Issuer (with a copy to the Paying 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 L/C
Issuer and the Paying Agent not later than 11:00 a.m. at least two Business Days (or such
later date and time as the L/C Issuer and the Paying Agent may agree in a particular
instance in their sole discretion) prior to the proposed issuance date or date of amendment,
as the case may be. In the case of a request for an initial issuance of a Letter of Credit,
such Letter of Credit Application shall specify in form and detail satisfactory to the L/C
Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a
Business Day); (B) the amount 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) whether such Letter of Credit is to be
denominated in Dollars or a Committed Currency and in the absence of such

30

 

specification shall be deemed to be a request for a Letter of Credit denominated in
Dollars; (H) a general description of the purpose and nature of the requested Letter of
Credit; and (I) such other matters as the 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 satisfactory to the L/C Issuer (A) the Letter
of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a
Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the
L/C Issuer may reasonably require. Additionally, the Borrower shall furnish to the L/C
Issuer and the Paying Agent such other documents and information pertaining to such
requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C
Issuer or the Paying Agent may reasonably require.

     (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will
confirm with the Paying Agent (by telephone or in writing) that the Paying Agent has
received a copy of such Letter of Credit Application from the Borrower and, if not, the L/C
Issuer will provide the Paying Agent with a copy thereof. Upon receipt by the L/C Issuer of
confirmation from the Paying Agent that the requested issuance or amendment is permitted in
accordance with the terms hereof, then, subject to the terms and conditions hereof, the L/C
Issuer shall, on the requested date, issue a Letter of Credit for the account of the
Borrower or enter into the applicable amendment, as the case may be, in each case in
accordance with the L/C Issuer’s usual and customary business practices. Immediately upon
the issuance (or deemed issuance) of each Letter of Credit, each Lender shall be deemed to,
and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk
participation in such Letter of Credit in an amount equal to the product of such Lender’s
Pro Rata Share times the amount of such Letter of Credit.

     (iii) If the Borrower so requests in any applicable Letter of Credit Application, the
L/C Issuer shall agree to issue a Letter of Credit that has automatic renewal provisions
(each, an “Auto-Renewal Letter of Credit”); provided that any such
Auto-Renewal Letter of Credit must permit the L/C Issuer to prevent any such renewal 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
“Nonrenewal Notice Date”) in each such twelve-month period to be agreed upon at the
time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the
Borrower shall not be required to make a specific request to the L/C Issuer for any such
renewal. Once an Auto-Renewal Letter of Credit has been issued, the Lenders shall be deemed
to have authorized (but may not require) the L/C Issuer to permit the renewal of such Letter
of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date;
provided, however, that the L/C Issuer shall not permit any such renewal if
(A) the L/C Issuer has determined that it would have no obligation at such time to issue
such Letter of Credit in its renewed form under the terms hereof (by reason of the
provisions of Section 2.03(a)(ii) or otherwise), or (B) it has received notice
(which may be by telephone or in writing) on or before the day that is two Business Days
before the Nonrenewal Notice Date from the Paying Agent, any Lender or the Borrower that one
or more of the applicable conditions specified in Section 5.02 is not then
satisfied.

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

31

 

     (c) Drawings and Reimbursements; Funding of Participations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Paying
Agent thereof. Not later than 12:00 noon on the date of any payment by the L/C Issuer under
a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse
the L/C Issuer through the Paying Agent in an amount equal to the amount of such drawing.
If the Borrower fails to so reimburse the L/C Issuer by such time, the Paying Agent shall
promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the
“Unreimbursed Amount”), and the Equivalent amount of such Lender’s Pro Rata Share
thereof. In such event, the Borrower shall be deemed to have requested a Revolving Credit
Borrowing in Dollars of Base Rate Loans to be disbursed on the Honor Date in an Equivalent
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 Commitments and the conditions set forth in
Section 5.02 (other than the delivery of a Committed Loan Notice) and
provided, that after giving effect to such Borrowing, the Total Outstandings shall
not exceed the Aggregate Commitments. Any notice given by the L/C Issuer or the Paying
Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately
confirmed in writing; provided that the lack of such an immediate confirmation shall
not affect the conclusiveness or binding effect of such notice.

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

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in
Section 5.02 cannot be satisfied or for any other reason, the Borrower shall be
deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the
Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable
on demand (together with interest) and shall bear interest at the Default Rate. In such
event, each Lender’s payment to the Paying Agent for the account of the L/C Issuer pursuant
to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in
such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of
its participation obligation under this Section 2.03.

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

     (v) So long as it has a Commitment hereunder, each Lender’s obligation to make
Revolving Credit Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under
Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and
unconditional and shall not be affected by any circumstance, including (A) any setoff,
counterclaim, recoupment, defense or other right which such Lender may have against the L/C
Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or
continuance of a Default or an

32

 

Event of Default, or (C) any other occurrence, event or condition, whether or not
similar to any of the foregoing; provided, however, that each Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is
subject to the conditions set forth in Section 5.02 (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 L/C Issuer for the amount
of any payment made by the L/C Issuer under any Letter of Credit, together with interest as
provided herein.

     (vi) If any Lender fails to make available to the Paying Agent for the account of the
L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing
provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(ii), then, without limiting the other provisions of this Agreement, the L/C
Issuer shall be entitled to recover from such Lender (acting through the Paying Agent), on
demand, such amount with interest thereon for the period from the date such payment is
required to the date on which such payment is immediately available to the L/C Issuer at a
rate per annum equal to the greater of the Federal Funds Rate from time to time in effect
and a rate determined by the L/C Issuer in accordance with banking industry rules on
interbank compensation. A certificate of the L/C Issuer submitted to any Lender (through
the Paying Agent) with respect to any amounts owing under this Section 2.03(c)(vi)
shall be conclusive absent manifest error.

     (d) Repayment of Participations.

     (i) At any time after the L/C Issuer has made a payment under any Letter of Credit and
has received from any Lender such Lender’s L/C Advance in respect of such payment in
accordance with Section 2.03(c), if the Paying Agent receives for the account of the
L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon
(whether directly from the Borrower or otherwise, including proceeds of cash collateral
applied thereto by the Paying Agent), the Paying Agent will distribute to such Lender its
Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect
the period of time during which such Lender’s L/C Advance was outstanding) in the same funds
as those received by the Paying Agent.

     (ii) If any payment received by the Paying Agent for the account of the L/C Issuer
pursuant to Section 2.03(c)(i) is required to be returned under any of the
circumstances described in Section 11.06 (including pursuant to any settlement
entered into by the L/C Issuer in its discretion), each Lender shall pay to the Paying Agent
for the account of the L/C Issuer its Pro Rata Share thereof on demand of the Paying Agent,
plus interest thereon from the date of such demand to the date such amount is returned by
such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in
effect. The obligations of the Lenders under this clause shall survive the payment in full
of the Obligations and the termination of this Agreement.

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

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

     (ii) the existence of any claim, counterclaim, setoff, defense or other right that the
Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of

33

 

such Letter of Credit (or any Person for whom any such beneficiary or any such
transferee may be acting), the L/C Issuer or any other Person, whether in connection with
this Agreement, the transactions contemplated hereby or by such Letter of Credit or any
agreement or instrument relating thereto, or any unrelated transaction;

     (iii) any draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit;

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

     (v) any exchange, release or nonperfection of any collateral, or any release or
amendment or waiver of or consent to departure from the Guaranty or any other guarantee, for
all or any of the L/C Obligations of the Borrower in respect of such Letter of Credit; 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 Subsidiary.

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 immediately notify the L/C Issuer. The Borrower shall be
conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents
unless such notice is given as aforesaid.

     (f) Role of the L/C Issuer. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by such Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the L/C Issuer, any
Agent, any of their respective Related Parties nor any correspondent, participant or assignee of
the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection
herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable;
(ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii)
the due execution, effectiveness, validity or enforceability of any document or instrument related
to any Letter of Credit or Issuer Document. 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 Issuer, the Agents, any of their
respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall
be liable or responsible for any of the matters described in clauses (i) through (v) of Section
2.03(e); provided, however, that anything in such clauses to the contrary
notwithstanding, the Borrower may have a claim against the L/C Issuer, and the 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 the Borrower proves were caused
by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure

34

 

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
unless the L/C Issuer is prevented or prohibited from so paying as a result of any order or
directive of any court or other Governmental Authority. In furtherance and not in limitation of
the foregoing, the L/C Issuer may accept documents that appear on their face to be in order,
without responsibility for further investigation, regardless of any notice or information to the
contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the
rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason.

     (g) Cash Collateral. Upon the request of the Paying Agent, (i) if the L/C Issuer has
honored any full or partial drawing request under any Letter of Credit and such drawing has
resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any L/C
Obligation for any reason remains outstanding and partially or wholly undrawn, the Borrower shall
immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount
equal to such Outstanding Amount determined as of the date of such L/C Borrowing or the Letter of
Credit Expiration Date, as the case may be). For purposes hereof, “Cash Collateralize” means to
pledge and deposit with or deliver to the Paying Agent, for the benefit of the L/C Issuer and the
Lenders, as collateral for the L/C Obligations, cash or deposit account balances pursuant to
documentation in form and substance satisfactory to the Paying Agent and the L/C Issuer (which
documents are hereby consented to by the Lenders). Derivatives of such term have corresponding
meanings. The Borrower hereby grants to the Paying Agent, for the benefit of the L/C Issuer and
the Lenders, a security interest in all such cash, deposit accounts and all balances therein and
all proceeds of the foregoing. Cash collateral shall be maintained in blocked, non-interest
bearing deposit accounts at KeyBank. If at any time the Paying Agent determines that any funds
held as cash collateral are subject to any right or claim of any Person other than the Paying Agent
or that the total amount of such funds is less than the aggregate Outstanding Amount of all L/C
Obligations, the Borrower will, forthwith upon demand by the Paying Agent, pay to the Paying Agent,
as additional funds to be deposited and held in the deposit accounts at KeyBank as aforesaid, an
amount equal to the excess of (a) such aggregate Outstanding Amount over (b) the total amount of
funds, if any, then held as cash collateral that the Paying Agent determines to be free and clear
of any such right and claim. Upon the drawing of any Letter of Credit for which funds are on
deposit as cash collateral, such funds shall be applied, to the extent permitted under applicable
Law, to reimburse the L/C Issuer.

     (h) Applicability of ISP98 and UCP. Unless otherwise expressly agreed by the L/C
Issuer and the Borrower when a Letter of Credit is issued (or deemed issued), (i) the rules of the
“International Standby Practices 1998” published by the Institute of International Banking
Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall
apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for
Documentary Credits, as most recently published by the International Chamber of Commerce (the
“ICC”) at the time of issuance (or deemed issuance) (including the ICC decision published
by the Commission on Banking Technique and Practice on April 6, 1998 regarding the European single
currency (Euro)) shall apply to each commercial Letter of Credit.

     (i) Letter of Credit Fees. The Borrower shall pay to the Paying Agent for the account
of each Lender (except as otherwise provided in Section 11.23 with respect to Defaulting
Lenders) in accordance with its Pro Rata Share a Letter of Credit fee for each Letter of Credit
equal to the Applicable Rate times the daily maximum amount available to be drawn under such Letter
of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) (such
fees, “Letter of Credit Fees”). Such Letter of Credit Fees shall be computed on a
quarterly basis in arrears. Such Letter of Credit Fees shall be due and payable on the first
Business Day after the end of each March, June, September and December, commencing with the first
such date to occur after the issuance (or deemed issuance) of such

35

 

Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. If there
is any change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of
Credit shall be computed and multiplied by the Applicable Rate separately for each period during
such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary
contained herein, while any Event of Default exists, all Letter of Credit Fees shall accrue at the
Default Rate.

     (j) Fronting Fee and Documentary and Processing Charges Payable to the L/C Issuer.
The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect
to each Letter of Credit issued (or deemed issued) by the L/C Issuer equal to the rate per annum
identified in the KeyBank Fee Letter times the daily maximum amount available to be drawn under
such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of
Credit) and on a quarterly basis in arrears. Such fronting fee shall be due and payable on the
first Business Day after the end of each March, June, September and December in respect of the most
recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing
with the first such date to occur after the issuance (or deemed issuance) of such Letter of Credit,
on the Letter of Credit Expiration Date and thereafter on demand. In addition, the Borrower shall
pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment
and other processing fees, and other standard costs and charges, of the L/C Issuer relating to
letters of credit as from time to time in effect. Such customary fees and standard costs and
charges are due and payable on demand and are nonrefundable.

     (k) Reimbursement Agreement. It is acknowledged and agreed that this Agreement shall
be deemed to be the “Reimbursement Agreement” for purposes of that certain Indenture dated as of
June 1, 2003 between the Ohio Air Quality Development Authority and Bank One Trust Company,
National Association, as trustee, as amended from time to time.

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

2.04 Swing Line Loans.

     (a) The Swing Line. Subject to the terms and conditions set forth herein, the
Swing Line Lender agrees to make loans (each such loan, a “Swing Line Loan”) to the
Borrower from time to time on any Business Day during the Availability Period in an aggregate
principal 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 Pro Rata Share of the
Outstanding Amount of Loans and L/C Obligations of the Lender acting as Swing Line Lender, may
exceed the amount of such Lender’s Commitment; provided, however, that after giving
effect to any Swing Line Loan, (i) the Total Outstandings shall not exceed the Aggregate
Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender,
plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such
Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such
Lender’s 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 be a Base Rate Loan denominated in Dollars. Immediately upon
the making of a Swing Line Loan, each 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 Lender’s Pro Rata Share times the amount of
such Swing Line Loan.

     (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s
irrevocable notice to the Swing Line Lender and the Paying Agent, which may be given by telephone.

36

 

Each such notice must be received by the Swing Line Lender and the Paying Agent not later than
1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which
shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business
Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender
and the Paying Agent of a written Swing Line Loan Notice, appropriately completed and signed by a
Responsible Officer of the Borrower. Promptly after receipt by the Swing Line Lender of any
telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Paying Agent (by
telephone or in writing) that the Paying Agent has also received such Swing Line Loan Notice and,
if not, the Swing Line Lender will notify the Paying Agent (by telephone or in writing) of the
contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing)
from the Paying Agent (including at the request of any 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
Section 5.02 is not then satisfied, then, subject to the terms and conditions hereof, the
Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line
Loan Notice, make the amount of its Swing Line Loan available to the Borrower at its office by
crediting the account of the Borrower on the books of the Swing Line Lender in immediately
available funds.

     (c) Refinancing of Swing Line Loans.

     (i) The Swing Line Lender at any time in its sole and absolute discretion may request,
on behalf of the Borrower (which hereby irrevocably authorizes the Swing Line Lender to so
request on its behalf), that each Lender make a Base Rate Loan in an amount equal to such
Lender’s Pro Rata Share 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 Commitments and the conditions
set forth in Section 5.02. The Swing Line Lender shall furnish the Borrower with a
copy of the applicable Committed Loan Notice promptly after delivering such notice to the
Paying Agent. Each Lender shall make an amount equal to its Pro Rata Share of the amount
specified in such Committed Loan Notice available to the Paying Agent in immediately
available funds for the account of the Swing Line Lender at the Paying Agent’s Office not
later than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject
to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to
have made a Base Rate Loan to the Borrower in such amount. The Paying Agent shall remit the
funds so received to the Swing Line Lender.

     (ii) If for any reason any Swing Line Loan cannot be refinanced by a Revolving Credit
Borrowing in accordance with Section 2.04(c)(i), the 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 Lenders fund its risk participation in the relevant
Swing Line Loan and each Lender’s payment to the Paying 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 Lender fails to make available to the Paying Agent for the account of the
Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing
provisions of this Section 2.04(c) by the time specified in Section
2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting
through the Paying 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 Federal Funds Rate from time to
time in effect. A certificate of the Swing

37

 

Line Lender submitted to any Lender (through the Paying Agent) with respect to any
amounts owing under this Section 2.04(c)(iii) shall be conclusive absent manifest
error.

     (iv) Each Lender’s obligation to make Revolving Credit Loans or to purchase and fund
risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against
the Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.04(c)
is subject to the conditions set forth in Section 5.02. 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.

     (d) Repayment of Participations.

     (i) At any time after any 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 Lender its Pro Rata Share of such
payment (appropriately adjusted, in the case of interest payments, to reflect the period of
time during which such Lender’s risk participation was funded) 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 11.06 (including pursuant to any
settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay
to the Swing Line Lender its Pro Rata Share thereof on demand of the Paying 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 Rate. The Paying Agent will make such demand upon the
request of the Swing Line Lender.

     (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be
responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender
funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance
such Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share
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.

2.05 Prepayments.

     (a) Optional. (i) The Borrower may, upon notice to the Paying Agent, at any
time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty;
provided that (1) such notice must be received by the Paying Agent not later than 11:00
a.m. (A) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans and (B) on
the date of prepayment of Base Rate Loans; (2) any prepayment of Revolving Credit Loans shall be in
a principal amount of not less than the Revolving Credit Borrowing Minimum or the Revolving Credit
Borrowing Multiple in excess thereof; and (3) any prepayment of Swing Line Loans shall be in a
principal amount of not less than $100,000 or, in each case, if less, the entire principal amount
thereof then outstanding. Each such notice shall specify the date and amount of such prepayment
and the Type(s) of Loans to be prepaid. The Paying Agent will

38

 

promptly notify each Lender of its receipt of each such notice, and of the amount of such
Lender’s Pro Rata Share 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. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by
all accrued interest thereon, together with any additional amounts required pursuant to Section
3.05. Except as set forth in Section 11.23, each prepayment pursuant to this
Section 2.05(a) shall be paid to the Paying Agent for distribution to the Appropriate
Lenders in accordance with their respective Pro Rata Shares.

     (ii) The Borrower may, upon notice to the Swing Line Lender (with a copy to the Paying
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 (1) such notice must be received by
the Swing Line Lender and the Paying Agent not later than 1:00 p.m. on the date of the
prepayment, and (2) any such prepayment shall be in a minimum principal amount of $100,000.
Each such notice shall specify the date and amount of such prepayment. If such notice is
given by the 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) If for any reason (A) the Total Outstandings at any time exceed the Aggregate
Commitments then in effect or (B) the Swing Line Loans outstanding exceed the Swing Line
Sublimit, the Borrower shall immediately prepay the Revolving Credit Loans, the Swing Line
Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such
excess; provided, however, that the Borrower shall not be required to Cash
Collateralize the L/C Obligations pursuant to this Section 2.05(b) unless after the
prepayment in full of the Loans and Swing Line Loans the Total Outstandings exceed the
Aggregate Commitments then in effect.

     (ii) Prepayments made pursuant to clause (i)(A) of this Section 2.05(b), first,
shall be applied to prepay L/C Borrowings outstanding at such time until all such L/C
Borrowings are paid in full, second, shall be applied to prepay Swing Line Loans outstanding
at such time until all such Swing Line Loans are paid in full, third, shall be applied to
prepay Revolving Credit Loans outstanding at such time and, fourth, shall be used to Cash
Collateralize the L/C Obligations. Upon the drawing of any Letter of Credit which has been
Cash Collateralized, such funds shall be applied (without any further action by or notice to
or from the Borrower or any other Loan Party) to reimburse the L/C Issuer or the Lenders, as
applicable.

     (c) Prepayments of Committed Currency Loans. If as of any Determination Date (i) the
Equivalent of the Outstanding Amount of all Revolving Credit Loans, all Swing Line Loans and all
L/C Obligations exceeds the Aggregate Commitments then in effect or (ii) the Equivalent of all L/C
Obligations exceeds the Letter of Credit Sublimit, in each case, the Borrower shall, on such
Determination Date, prepay Revolving Credit Loans denominated in Committed Currencies and/or Cash
Collateralize Letters of Credit denominated in a Committed Currency in an aggregate amount equal to
such excess. If as of any Determination Date the Equivalent of the Outstanding Amount of all
Revolving Credit Loans and all L/C Obligations denominated in a Committed Currency exceeds 105% of
the Committed Currency Sublimit then in effect, the Borrower shall, on such Determination Date,
prepay Revolving Credit Loans denominated in Committed Currencies and/or Cash Collateralize Letters
of Credit denominated in a Committed Currency in an aggregate amount equal to the amount by which
such Outstanding Amount exceeds the Committed Currency Sublimit.

     (d) Prepayments to Include Accrued Interest, Etc. All prepayments under this
Section 2.05 shall be made together with (i) accrued and unpaid interest to the date of
such prepayment on the principal

39

 

amount so prepaid and (ii) in the case of any such prepayment of a Eurocurrency Rate Loan on a
date other than the last day of an Interest Period therefor, any amounts owing in respect of such
Eurocurrency Rate Loan pursuant to Section 3.05.

2.06 Termination or Reduction of Commitments.

     (a) Optional. The Borrower may, upon notice to the Paying Agent, terminate the
unused portions of the Letter of Credit Sublimit, the Committed Currency Sublimit, the Committed
L/C Currency Sublimit or the unused Commitments, or from time to time permanently reduce the unused
portions of the Letter of Credit Sublimit, the Committed Currency Sublimit, the Committed L/C
Currency Sublimit or the unused Commitments; provided that (i) any such notice shall be
received by the Paying 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
$10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not
terminate or reduce the unused portions of the Letter of Credit Sublimit, the Committed Currency
Sublimit, the Committed L/C Currency Sublimit or the unused Commitments if, after giving effect
thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the
Aggregate Commitments, and (iv) if, after giving effect to any reduction of the Revolving Credit
Facility, the Letter of Credit Sublimit, the Swing Line Sublimit, the Committed Currency Sublimit
or the Committed L/C Currency Sublimit exceeds the amount of the Revolving Credit Facility, such
Letter of Credit Sublimit, Swing Line Sublimit, Committed Currency Sublimit or Committed L/C
Currency Sublimit shall be automatically reduced by the amount of such excess.

     (b) Mandatory. If after giving effect to any reduction or termination of unused
Commitments under this Section 2.06, the Letter of Credit Sublimit, the Committed Currency
Sublimit, the Committed L/C Currency Sublimit or the Swing Line Sublimit exceeds the amount of the
Commitments, such sublimit shall be automatically reduced by the amount of such excess.

     (c) Application of Commitment Reductions; Payment of Fees. The Paying Agent will
promptly notify the Lenders of any termination or reduction of unused portions of the Letter of
Credit Sublimit, the Committed Currency Sublimit, the Committed L/C Currency Sublimit or the unused
Commitment under this Section 2.06. Upon any reduction of unused Commitments, except as
set forth in Sections 11.23 and 11.24, the Commitment of each Lender shall be
reduced by such Lender’s Pro Rata Share of the amount by which the Commitments are reduced. All
Facility Fees accrued until the effective date of any termination of the Aggregate Commitments
shall be paid on the effective date of such termination.

2.07 Repayment of Loans.

     (a) Revolving Credit Loans. The Borrower shall repay to the Paying Agent for the
ratable account of the Lenders on the Maturity Date the aggregate principal amount of all Revolving
Credit Loans outstanding on such date.

     (b) Swing Line Loans. The Borrower shall repay each Swing Line Loan on the earlier to
occur of (i) the date agreed to between the Borrower and the Swing Line Lender, but in no event
more than 30 days after such Loan is made and (ii) the Maturity Date.

2.08 Interest.

     (a) Subject to the provisions of Section 2.08(b), (i) each Eurocurrency Rate Loan
shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate
per annum equal to the Applicable Rate for Eurocurrency Rate Loans; (ii) each Base Rate Loan shall
bear interest on the

40

 

outstanding principal amount thereof from the applicable borrowing date at a rate per annum
equal to the Applicable Rate for Base Rate Loans; and (iii) each Swing Line Loan shall bear
interest on the outstanding principal amount thereof from the applicable borrowing date at a rate
per annum equal to the Applicable Rate for Base Rate Loans.

     (b) If any amount of principal, interest or fees payable under any of Sections
2.03(i), 2.03(j) or 2.09 are not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount
shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the
Default Rate to the fullest extent permitted by applicable Laws. Furthermore, upon the request of
the Required Lenders, while any Event of Default exists, the Borrower shall pay interest on the
principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum
at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. Accrued
and unpaid interest on past due amounts (including interest on past due interest) shall be due and
payable upon demand.

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

2.09 Fees.

     In addition to certain fees described in Sections 2.03(i) and 2.03(j):

     (a) Facility Fee. The Borrower shall pay to the Paying Agent for the account
of each Lender (except as otherwise provided in Section 11.23 with respect to
Defaulting Lenders) in accordance with its Pro Rata Share, a fee (the “Facility
Fee”) equal to, the Applicable Rate times the Aggregate Commitments (or, if the
Aggregate Commitments have been terminated, on the Outstanding Amount of all Loans and L/C
Obligations). The Facility Fee shall accrue at all times from the Closing Date through the
Maturity Date, including at any time during which one or more of the conditions in Article V
is not met, and shall be due and payable in arrears on the last Business Day of each March,
June, September and December, and on the Maturity Date. The Facility Fee shall be
calculated quarterly in arrears, and if there is any change in the Applicable Rate during
any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate
separately for each period during such quarter that such Applicable Rate was in effect.

     (b) Other Fees.

     (i) The Borrower shall pay to the Agents for their own respective accounts fees
in the amounts and at the times specified in the Bank of America Fee Letter and the
KeyBank Fee Letter. Such fees shall be fully earned when paid and shall not be
refundable for any reason whatsoever.

     (ii) The Borrower shall pay to the Agents such fees as shall have been
separately agreed upon in writing in the amounts and at the times so specified.
Such fees shall be fully earned when paid and shall not be refundable for any reason
whatsoever.

41

 

2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate.

     (a) All computations of interest for Base Rate Loans (including Base Rate Loans
determined by reference to the Eurocurrency 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). Interest
shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or
any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan
that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear
interest for one day. Each determination by the Paying 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 or the Lenders determine that (i) the
Consolidated Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate
and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher
pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to
the Paying Agent for the account of the applicable Lenders or the L/C Issuer, as the case may be,
promptly on demand by the Paying 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 Paying Agent, any Lender or the L/C Issuer), an
amount equal to the excess of the amount of interest and fees that should have been paid for such
period over the amount of interest and fees actually paid for such period. This paragraph shall
not limit the rights of any Agent, any Lender or the L/C Issuer, as the case may be, under
Section 2.03(c)(iii), 2.03(i) or 2.08(b) or under Article IX. The
Borrower’s obligations under this paragraph shall survive the termination of the Commitments of all
of the Lenders and the repayment of all other Obligations hereunder.

2.11 Evidence of Indebtedness.

     (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 Paying Agent in the ordinary course of business.
The accounts or records maintained by the Paying 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 Paying Agent in respect of such
matters, the accounts and records of the Paying Agent shall control in the absence of manifest
error. Upon the request of any Lender made through the Paying Agent, the Borrower shall execute
and deliver to such Lender (through the Paying 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
Lender and the Paying Agent shall maintain in accordance with its usual practice accounts or
records evidencing the purchases and sales by such Lender of participations in Letters of Credit
and Swing Line Loans. In the event of any conflict between the accounts and records maintained by
the Paying Agent and the accounts and records of any Lender in respect of such matters, the
accounts and records of the Paying Agent shall control in the absence of manifest error.

42

 

     (c) Entries made in good faith by the Paying Agent in the Register pursuant to Section
2.11(b), and by each Lender in its account or accounts pursuant to Section 2.11(a)
above, shall be prima facie evidence of the amount of principal and interest due and payable or to
become due and payable from the Borrower to, in the case of the Register, each Lender and, in the
case of such account or accounts, such Lender, under this Agreement and the other Loan Documents,
absent manifest error; provided that the failure of the Paying Agent or such Lender to make
an entry, or any finding that an entry is incorrect, in the Register or such account or accounts
shall not limit or otherwise affect the obligations of the Borrower under this Agreement and the
other Loan Documents.

2.12 Payments Generally.

     (a) 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, all payments by the Borrower hereunder (except with respect to principal of, interest on,
and other amounts relating to, Loans denominated in a Committed Currency) shall be made to the
Paying Agent, for the account of the respective Lenders to which such payment is owed, at the
Paying Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the
date specified herein. Except as otherwise expressly provided herein, all payments by the Borrower
with respect to principal of, interest on, and other amounts relating to, Loans denominated in a
Committed Currency shall be made to the Paying Agent, for the account of the respective Lenders to
which such payment is owed, at the Payment Office in such Committed Currency and in immediately
available funds not later than 2:00 p.m. on the date specified herein. The Paying Agent will
promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided
herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
All payments received by the Paying Agent after 2:00 p.m. shall be deemed received on the next
succeeding Business Day and any applicable interest or fee shall continue to accrue.

     (b) 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; provided, however, that, if such
extension would cause payment of interest on or principal of Eurocurrency Rate Loans to be made in
the next succeeding calendar month, such payment shall be made on the immediately preceding
Business Day.

     (c) Unless the Borrower or any Lender has notified the Paying Agent, prior to the date any
payment is required to be made by it to the Paying Agent hereunder, that the Borrower or such
Lender, as the case may be, will not make such payment, the Paying Agent may assume that the
Borrower or such Lender, as the case may be, has timely made such payment and may (but shall not be
so required to), in reliance thereon, make available a corresponding amount to the Person entitled
thereto. If and to the extent that such payment was not in fact made to the Paying Agent in
immediately available funds, then:

     (i) if the Borrower failed to make such payment, each Lender shall forthwith on demand
repay to the Paying Agent the portion of such assumed payment that was made available to
such Lender in immediately available funds, together with interest thereon in respect of
each day from and including the date such amount was made available by the Paying Agent to
such Lender to the date such amount is repaid to the Paying Agent in immediately available
funds at the higher of (A) Federal Funds Rate from time to time in effect in the case of
Loans denominated in Dollars or (B) the cost of funds incurred by the Paying Agent in
respect of such amount in the case of Loans denominated in Committed Currencies; and

43

 

     (ii) if any Lender failed to make such payment, such Lender shall forthwith on demand
pay to the Paying Agent the amount thereof in immediately available funds, together with
interest thereon for the period from the date such amount was made available by the Paying
Agent to the Borrower to the date such amount is recovered by the Paying Agent (the
“Compensation Period”) at a rate per annum equal to the higher of (A) Federal Funds
Rate from time to time in effect in the case of Loans denominated in Dollars or (B) the cost
of funds incurred by the Paying Agent in respect of such amount in the case of Loans
denominated in Committed Currencies. If such Lender pays such amount to the Paying Agent,
then such amount shall constitute such Lender’s Loan included in the applicable Borrowing in
the case of Loans denominated in Dollars or (B) the cost of funds incurred by the Paying
Agent in respect of such amount in the case of Loans denominated in Committed Currencies.
If such Lender does not pay such amount forthwith upon the Paying Agent’s demand therefor,
the Paying Agent may make a demand therefor upon the Borrower, and the Borrower shall pay
such amount to the Paying Agent, together with interest thereon for the Compensation Period
at a rate per annum equal to the rate of interest applicable to the applicable Borrowing.
Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its
Commitment or to prejudice any rights which the Paying Agent or the Borrower may have
against any Lender as a result of any default by such Lender hereunder.

     A notice of the Paying Agent to any Lender or the Borrower with respect to any amount owing
under this Section 2.12(c) shall be conclusive, absent manifest error.

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

     (e) The obligations of the Lenders hereunder to make Loans, to fund participations in Letters
of Credit and Swing Line Loans and to make payments pursuant to Section 11.05(b) 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 11.05(b) 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 11.05(b).

     (f) 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) Whenever any payment received by the Paying Agent under this Agreement or any of the other
Loan Documents is insufficient to pay in full all amounts due and payable to the Agents and the
Lenders under or in respect of this Agreement and the other Loan Documents on any date, such
payment shall be distributed by the Paying Agent and applied by the Agents and the Lenders in the
order of priority set forth in Section 9.03. If the Paying Agent receives funds for
application to the Obligations of the Loan Parties under or in respect of the Loan Documents under
circumstances for which the Loan Documents do not specify the manner in which such funds are to be
applied, the Paying Agent may, but shall not be obligated to, elect to distribute such funds to
each of the Lenders in accordance with such Lender’s Pro Rata Share of the sum of (A) the
Outstanding Amount of all Loans outstanding at such time and (b) the Outstanding Amount of all L/C
Obligations outstanding at such time, in repayment or prepayment of such of the outstanding Loans
or other Obligations then owing to such Lender.

44

 

     (h) To the extent that the Paying Agent receives funds for application to the amounts owing by
the Borrower under or in respect of this Agreement or any Note in currencies other than the
currency or currencies required to enable the Paying Agent to distribute funds to the Lenders in
accordance with the terms of this Section 2.12, the Paying Agent shall be entitled to
convert or exchange such funds into Dollars or into a Committed Currency or from Dollars to a
Committed Currency or from a Committed Currency to Dollars, as the case may be, to the extent
necessary to enable the Paying Agent to distribute such funds in accordance with the terms of this
Section 2.12; provided that the Borrower and each of the Lenders hereby agree that
the Paying Agent shall not be liable or responsible for any loss, cost or expense suffered by the
Borrower or such Lender as a result of any conversion or exchange of currencies affected pursuant
to this Section 2.12(h) or as a result of the failure of the Paying Agent to effect any
such conversion or exchange; and provided further that the Borrower agrees to
indemnify the Paying Agent and each Lender, and hold the Paying Agent and each Lender harmless, for
any and all losses, costs and expenses incurred by the Paying Agent or any Lender for any
conversion or exchange of currencies (or the failure to convert or exchange any currencies) in
accordance with this Section 2.12(h).

2.13 Sharing of Payments.

     If, other than as expressly provided elsewhere herein, any Lender shall obtain on account
of the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it
(excluding any amounts applied by the Swing Line Lender to outstanding Swing Line Loans and
excluding any amounts received by the L/C Issuer and/or the Swing Line Lender to secure the
obligations of a Defaulting Lender to fund risk participations hereunder), any payment (whether
voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its
ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a)
notify the Paying Agent of such fact, and (b) purchase from the other Lenders such participations
in the Loans made by them and/or such subparticipations in the participations in L/C Obligations or
Swing Line Loans held by them, as the case may be, as shall be necessary to cause such purchasing
Lender to share the excess payment in respect of such Loans or such participations, as the case may
be, pro rata with each of them; provided, however, that (x) if all or any portion
of such excess payment is thereafter recovered from the purchasing Lender under any of the
circumstances described in Section 11.06 (including pursuant to any settlement entered into
by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and
each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together
with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the
amount of such paying Lender’s required repayment to (ii) the total amount so recovered from the
purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in
respect of the total amount so recovered, without further interest thereon and (y) the provisions
of this Section shall not be construed to apply to (A) any payment made by or on behalf the
Borrower pursuant to and in accordance with the express terms of this Agreement or (B) any payment
obtained by a Lender pursuant to Section 11.23 or as consideration for any assignment or
participation pursuant to Section 11.07. The Borrower agrees that any Lender so purchasing
a participation from another Lender may, to the fullest extent permitted by law, exercise all its
rights of payment (including the right of setoff, but subject to Section 11.09) with
respect to such participation as fully as if such Lender were the direct creditor of the Borrower
in the amount of such participation. The Paying Agent will keep records (which shall be conclusive
and binding in the absence of manifest error) of participations purchased under this Section
2.13 and will in each case notify the Lenders following any such purchases or repayments. Each
Lender that purchases a participation pursuant to this Section 2.13 shall from and after
such purchase have the right to give all notices, requests, demands, directions and other
communications under this Agreement with respect to the portion of the Obligations purchased to the
same extent as though the purchasing Lender were the original owner of the Obligations purchased.

45

 

2.14 Committed Currency Borrowings.

     (a) Determination of Equivalents. The Paying Agent will determine the Equivalent
amount on each of the following dates: (i) the last Business Day of each month, (ii) the date a
Request for Credit Extension is delivered to the Paying Agent with respect to each Credit Extension
issued or advanced that results in an Outstanding Amount denominated in a Committed Currency, (iii)
each date on which any Outstanding Amount is due, (iv) each Interest Payment Date applicable
thereto, (v) the Honor Date with respect to each Letter of Credit denominated in a Committed
Currency, (vi) each date of an amendment of any such Letter of Credit denominated in a Committed
Currency having the effect of increasing the amount thereof, (vii) any date on which an L/C
Borrowing is deemed to have been made with respect to a Letter of Credit denominated in a Committed
Currency, and (viii) any additional and more frequent dates as the Lead Arrangers in their sole
discretion may, or at the direction of the Required Lenders shall, select from time to time (each
such date under clauses (i) through (viii), being a “Determination Date”).

     (b) Notification of Availability. If on any date on which a Revolving Credit Loan
denominated in a Committed Currency is requested to be made or continued, in the event that the
Committed Currency requested or elected by the Borrower to be continued is not available to the
Paying Agent, then the Paying Agent shall notify the Borrower no later than 4:00 p.m., three
Business Days prior to the proposed Borrowing or proposed continuation.

     (c) Consequences of Non-Availability. If the Paying Agent notifies the Borrower
pursuant to Section 2.14(b) that the Committed Currency requested or elected by the
Borrower to be continued is not available, such notification shall (i) in the case of any request
for a Borrowing, revoke such request and (ii) in the case of any continuation or conversion, result
in the Eurocurrency Rate Loans denominated in such Committed Currency being automatically converted
into Eurocurrency Rate Loans denominated in Dollars for a one month Interest Period on the last day
of the then current Interest Period with respect to such Eurocurrency Rate Loans denominated in
such Committed Currency.

     (d) Automatic Conversions. During the existence of an Event of Default, all
outstanding Loans denominated in a Committed Currency shall be redenominated and converted into
their Equivalent of Base Rate Loans in Dollars on the last day of the Interest Period applicable to
any such Loans.

ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY

3.01 Taxes.

     (a) Any and all payments by the Borrower to or for the account of any Agent or any Lender
under any Loan Document shall be made free and clear of and without deduction for any and all
present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or
similar charges, and all liabilities with respect thereto, excluding, in the case of each Agent and
each Lender, taxes imposed on or measured by its overall net income, and franchise taxes imposed on
it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under
the Laws of which such Agent or such Lender, as the case may be, is organized or maintains a
lending office, or to which such Agent or such Lender has a present or former connection (all such
non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar
charges, and liabilities being hereinafter referred to as “Taxes”). If the Borrower shall
be required by any Laws to deduct any Taxes from or in respect of any sum payable under any Loan
Document to any Agent or any Lender, (i) the sum payable shall be increased as necessary so that
after making all required deductions (including deductions applicable to

46

 

additional sums payable under this Section 3.01), each of such Agent and such Lender
receives an amount equal to the sum it would have received had no such deductions been made, (ii)
the Borrower shall make such deductions, (iii) the Borrower shall pay the full amount deducted to
the relevant taxation authority or other authority in accordance with applicable Laws, and (iv)
upon the request of the Paying Agent, the Borrower shall furnish to the Paying Agent (which shall
forward the same to such Agent or such Lender, as the case may be) the original or a certified copy
of a receipt evidencing payment thereof to the extent such a receipt is issued therefor, or other
written proof of payment thereof that is reasonably satisfactory to the Paying Agent.

     (b) In addition, the Borrower agrees to pay any and all present or future stamp, court or
documentary taxes and any other excise or property taxes or charges or similar levies which arise
from any payment made under any Loan Document or from the execution, delivery, performance,
enforcement or registration of, or otherwise with respect to, any Loan Document (hereinafter
referred to as “Other Taxes”).

     (c) If the Borrower shall be required to deduct or pay any Taxes or Other Taxes from or in
respect of any sum payable under any Loan Document to any Agent or any Lender, the Borrower shall
also pay to such Agent or to such Lender, as the case may be, at the time interest is paid, such
additional amount that such Agent or such Lender specifies is necessary to preserve the after-tax
yield (after factoring in all taxes, including taxes imposed on or measured by net income) that
such Agent or such Lender would have received if such Taxes or Other Taxes had not been imposed.

     (d) The Borrower agrees to indemnify each Agent and each Lender for (i) the full amount of
Taxes and Other Taxes (including any Taxes or Other Taxes imposed or asserted by any jurisdiction
on amounts payable under this Section 3.01) paid by such Agent and such Lender, (ii)
amounts payable under Section 3.01(c) and (iii) any liability (including additions to tax,
penalties, interest and expenses) arising therefrom or with respect thereto. Payment under this
Section 3.01(d) shall be made within 30 days after the date such Lender or such Agent makes
a demand therefor.

3.02 Illegality.

     If any Lender determines that the introduction or change in any Law after the Closing
Date has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for
any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is
determined by reference to the Eurocurrency Rate in Dollars or any Committed Currency, or to
determine or charge interest rates based upon the Eurocurrency Rate, or any Governmental Authority
has imposed material restrictions on the authority of such Lender to purchase or sell, or to take
deposits of, Dollars or any Committed Currency in the London interbank eurocurrency market or, in
the case of Euro, the European interbank eurocurrency market, then, on notice thereof by such
Lender to the Borrower through the Paying Agent, (i) any obligation of such Lender to make or
continue Eurocurrency Rate Loans in the applicable currency or to convert Base Rate Loans to
Eurocurrency Rate Loans in the applicable currency shall be suspended and (ii) if such notice
asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on
which is determined by reference to the Eurocurrency Rate component of the Base Rate, the interest
rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be
determined by the Paying Agent without reference to the Eurocurrency Rate component of the Base
Rate, in each case until such Lender notifies the Paying 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 Paying Agent), prepay or, if
applicable, convert all such Eurocurrency Rate Loans of such Lender and/or Base Rate Loans as to
which the interest rate is determined with reference to with reference to clause (b) of the
definition of “Eurocurrency Rate,” as applicable, to Base Rate Loans as to which the rate of
interest is not determined with reference to the

47

 

Eurocurrency Rate (or if any such Eurocurrency Rate Loan is denominated in any Committed
Currency, be exchanged into an Equivalent amount of Dollars and be Converted into a Base Rate Loan
as to which the rate of interest is not determined with reference to the Eurocurrency Rate), either
on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain
such Eurocurrency Rate Loans to such day, or immediately, if such Lender may not lawfully continue
to maintain such Eurocurrency Rate Loans and (y) if such notice asserts the illegality of such
Lender determining or charging interest rates based upon the Eurocurrency Rate, the Paying Agent
shall during the period of such suspension compute the Base Rate applicable to such Lender without
reference to the Eurocurrency Rate component thereof until the Paying Agent is advised in writing
by such Lender that it is no longer illegal for such Lender to determine or charge interest rates
based upon the Eurocurrency Rate. Notwithstanding the foregoing and despite the illegality for
such a Lender to make, maintain or fund Eurocurrency Rate Loans or Base Rate Loans as to which the
interest rate is determined with reference to the Eurocurrency Rate, that Lender shall remain
committed to make Base Rate Loans and shall be entitled to recover interest at the Base Rate
(without giving effect to clause (c) thereof). Upon any such prepayment or conversion, the
Borrower shall also pay accrued interest on the amount so prepaid or converted, but without
liability under Section 3.05(a). Each Lender agrees to designate a different Lending
Office if such designation will avoid the need for such notice and will not, in the good faith
judgment of such Lender, otherwise be materially disadvantageous to such Lender.

3.03 Inability to Determine Rates.

     If the Required Lenders determine that for any reason in connection with any request for
a Loan or a conversion to or continuation thereof that (a) Dollar or other Committed Currency
deposits are not being offered to banks in the London interbank eurocurrency market or, in the case
of Euro deposits, the European interbank eurocurrency market for the applicable amount and Interest
Period of such Loan, (b) adequate and reasonable means do not exist for determining the
Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate
Loan or in connection with a Base Rate Loan, or (c) the Eurocurrency Rate for any requested
Interest Period with respect to a proposed Eurocurrency Rate Loan or in connection with a
Eurocurrency Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding
such Loan, the Paying Agent will promptly so notify the Borrower and each Lender. Thereafter, the
obligation of the Lenders to make or maintain Eurocurrency Rate Loans in the applicable currency or
Base Rate Loans as to which the interest rate is determined with reference to the Eurocurrency
Rate, as applicable, shall be suspended until the Paying 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 Eurocurrency Rate Loans in the
applicable currency or, failing that, will be deemed to have converted such request into a request
for a Borrowing of Base Rate Loans in the amount specified therein and shall be entitled to recover
interest at the Base Rate (without giving effect to clause (c) thereof).

3.04 Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency
Rate Loans.

     (a) If any Lender determines that as a result of the introduction of or any Change in Law
or such Lender’s compliance therewith, there shall be any increase in the cost to such Lender of
agreeing to make or making, funding or maintaining any Loan the interest on which is determined by
reference to the Eurocurrency Rate or (as the case may be) issuing or participating in Letters of
Credit, or a reduction in the amount received or receivable by such Lender in connection with any
of the foregoing (excluding for purposes of this Section 3.04(a) any such increased costs
or reduction in amount resulting from (i) Taxes or Other Taxes (as to which Section 3.01
shall govern), (ii) changes in the basis of taxation of overall net income or overall gross income
by the United States or any foreign jurisdiction or any political

48

 

subdivision of either thereof under the Laws of which such Lender is organized or has its
Lending Office, or to which such Lender has a present or former connection, and (iii) reserve
requirements contemplated by Section 3.04(c)), then from time to time upon demand of such
Lender (with a copy of such demand to the Paying Agent), the Borrower shall pay to such Lender such
additional amounts as will compensate such Lender for such increased cost or reduction.

     (b) If any Lender determines that the introduction of any Law regarding capital adequacy or
any change therein or in the interpretation thereof, or compliance by such Lender (or its Lending
Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or
any corporation controlling such Lender as a consequence of such Lender’s obligations hereunder
(taking into consideration its policies with respect to capital adequacy and such Lender’s desired
return on capital), then from time to time upon demand of such Lender (with a copy of such demand
to the Paying Agent), the Borrower shall pay to such Lender such additional amounts as will
compensate such Lender for such reduction.

     (c) 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 Eurocurrency
funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the
unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves
allocated to such Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive), 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 15 days’ prior notice
(with a copy to the Paying Agent) of such additional interest from such Lender. If a Lender fails
to give notice 15 days prior to the relevant Interest Payment Date, such additional interest shall
be due and payable 15 days from receipt of such notice.

3.05 Funding Losses.

     (a) Upon demand of any Lender (with a copy to the Paying 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:

     (i) 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);

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

     (iii) any assignment of a Eurocurrency Rate Loan on a day other than the last day of
the Interest Period therefor as a result of a request by the Borrower pursuant to
Section 11.16;

excluding any loss of anticipated profits but including 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. The Borrower shall also pay any
customary administrative fees charged by such Lender in connection with the foregoing.

     (b) In addition to the rights of the Lenders set forth in Section 3.05(a), at any time
on or prior to the 180th day following the Closing Date, upon demand of the Paying Agent, from time
to time, the Borrower shall promptly compensate the Paying Agent for and hold the Paying Agent
harmless from any loss, cost or expense incurred by it as a result of any assignment of a
Eurocurrency Rate Loan on a day

49

 

other than the last day of the Interest Period therefor as a result of the syndication of the
Revolving Credit Facility.

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

3.06 Matters Applicable to All Requests for Compensation.

     (a) A certificate of any Agent or any Lender claiming compensation under this Article
III and setting forth the additional amount or amounts to be paid to it hereunder shall be
conclusive in the absence of manifest error; provided, however, that no Agent or
Lender may seek compensation under this Article III more than 90 days after such Agent or
Lender had actual knowledge that such amount or amounts were payable under this Article
III. In determining such amount, such Agent or such Lender may use any reasonable averaging
and attribution methods.

     (b) Upon any Lender’s making a claim for compensation under Section 3.01 or
3.04, the Borrower may replace such Lender in accordance with Section 11.16.

3.07 Survival.

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

ARTICLE IV

GUARANTY

4.01 The Guaranty.

     Each of the Guarantors hereby jointly and severally guarantees to each Lender, each Swap
Bank, each Treasury Management Bank, and the Co-Administrative Agents as hereinafter provided, as
primary obligor and not as surety, the prompt payment of the Obligations in full when due (whether
at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash
collateralization or otherwise) strictly in accordance with the terms thereof. The Guarantors
hereby further agree that if any of the Obligations are not paid in full when due (whether at
stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization
or otherwise), the Guarantors will, jointly and severally, promptly pay the same, without any
demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of
any of the Obligations, the same will be promptly paid in full when due (whether at extended
maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or
otherwise) in accordance with the terms of such extension or renewal.

     Notwithstanding any provision to the contrary contained herein or in any other of the Loan
Documents, Swap Contracts or Treasury Management Agreements, the obligations of each Guarantor
under this Agreement and the other Loan Documents shall be limited to an aggregate amount equal to
the largest amount that would not render such obligations subject to avoidance under the Debtor
Relief Laws or any comparable provisions of any applicable state law.

50

 

4.02 Obligations Unconditional.

     The obligations of the Guarantors under Section 4.01 are joint and several,
absolute and unconditional, irrespective of the value, genuineness, validity, regularity or
enforceability of any of the Loan Documents, Swap Contracts or Treasury Management Agreements or
any other agreement or instrument referred to therein, or any substitution, release, impairment or
exchange of any other guarantee of or security for any of the Obligations, and, to the fullest
extent permitted by applicable Law, irrespective of any other circumstance whatsoever which might
otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, it being
the intent of this Section 4.02 that the obligations of the Guarantors hereunder shall be
absolute and unconditional under any and all circumstances. Each Guarantor agrees that such
Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against the
Borrower or any other Guarantor for amounts paid under this Article IV until such time as
the Obligations have been Fully Satisfied. Without limiting the generality of the foregoing, it is
agreed that, to the fullest extent permitted by law, the occurrence of any one or more of the
following shall not alter or impair the liability of any Guarantor hereunder which shall remain
absolute and unconditional as described above:

     (a) at any time or from time to time, without notice to any Guarantor, the time for any
performance of or compliance with any of the Obligations shall be extended, or such performance or
compliance shall be waived;

     (b) any of the acts mentioned in any of the provisions of any of the Loan Documents, any Swap
Contract between any Loan Party and any Swap Bank, or any Treasury Management Agreement between any
Loan Party and any Treasury Management Bank, or any other agreement or instrument referred to in
the Loan Documents, such Swap Contracts or such Treasury Management Agreements shall be done or
omitted;

     (c) the maturity of any of the Obligations shall be accelerated, or any of the Obligations
shall be modified, supplemented or amended in any respect, or any right under any of the Loan
Documents, any Swap Contract between any Loan Party and any Swap Bank or any Treasury Management
Agreement between any Loan Party and any Treasury Management Bank, or any other agreement or
instrument referred to in the Loan Documents, such Swap Contracts or such Treasury Management
Agreements shall be waived or any other guarantee of any of the Obligations or any security
therefor shall be released, impaired or exchanged in whole or in part or otherwise dealt with;

     (d) any Lien granted to, or in favor of, the Co-Administrative Agents or any Lender or Lenders
as security for any of the Obligations shall fail to attach or be perfected; or

     (e) any of the Obligations shall be determined to be void or voidable (including, without
limitation, for the benefit of any creditor of any Guarantor) or shall be subordinated to the
claims of any Person (including, without limitation, any creditor of any Guarantor).

     With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence,
presentment, demand of payment, protest and all notices whatsoever, and any requirement that the
Co-Administrative Agents or any Lender exhaust any right, power or remedy or proceed against any
Person under any of the Loan Documents, any Swap Contract between any Loan Party and any Swap Bank
or any Treasury Management Agreement between any Loan Party and any Treasury Management Bank, or
any other agreement or instrument referred to in the Loan Documents, such Swap Contracts or such
Treasury Management Agreements, or against any other Person under any other guarantee of, or
security for, any of the Obligations.

51

 

4.03 Reinstatement.

     The obligations of the Guarantors under this Article IV shall be automatically reinstated
if and to the extent that for any reason any payment by or on behalf of any Person in respect of
the Obligations is rescinded or must be otherwise restored by any holder of any of the Obligations,
whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each
Guarantor agrees that it will indemnify the Co-Administrative Agents and each Lender on demand for
all reasonable costs and expenses (including, without limitation, reasonable fees and expenses of
counsel) incurred by the Co-Administrative Agents or such Lender in connection with such rescission
or restoration, including any such reasonable costs and expenses incurred in defending against any
claim alleging that such payment constituted a preference, fraudulent transfer or similar payment
under any bankruptcy, insolvency or similar law.

4.04 Certain Additional Waivers.

     Each Guarantor agrees that such Guarantor shall have no right of recourse to security for
the Obligations, except through the exercise of rights of subrogation pursuant to Section
4.02 and through the exercise of rights of contribution pursuant to Section 4.06.

4.05 Remedies.

     The Guarantors agree that, to the fullest extent permitted by law, as between the
Guarantors, on the one hand, and the Co-Administrative Agents and the Lenders, on the other hand,
the Obligations may be declared to be forthwith due and payable as provided in Section 9.02
(and shall be deemed to have become automatically due and payable in the circumstances provided in
said Section 9.02) for purposes of Section 4.01 notwithstanding any stay,
injunction or other prohibition preventing such declaration (or preventing the Obligations from
becoming automatically due and payable) as against any other Person and that, in the event of such
declaration (or the Obligations being deemed to have become automatically due and payable), the
Obligations (whether or not due and payable by any other Person) shall forthwith become due and
payable by the Guarantors for purposes of Section 4.01.

4.06 Rights of Contribution.

     The Guarantors hereby agree as among themselves that, in connection with payments made
hereunder, each Guarantor shall have a right of contribution from each other Guarantor in
accordance with applicable Law. Such contribution rights shall be subordinate and subject in right
of payment to the Obligations until such time as the Obligations have been Fully Satisfied, and
none of the Guarantors shall exercise any such contribution rights until the Obligations have been
Fully Satisfied.

4.07 Guarantee of Payment; Continuing Guarantee.

     The guarantee in this Article IV is a guaranty of payment and not of collection,
is a continuing guarantee, and shall apply to all Obligations whenever arising.

52

 

ARTICLE V

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

5.01 Conditions of Initial Credit Extension.

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

     (a) The Co-Administrative Agents’ receipt of the following, each of which shall be
originals or facsimiles (followed promptly by originals) unless otherwise specified, each
properly executed by a Responsible Officer of the signing Loan Party, if applicable, each
dated such date (or, in the case of certificates of governmental officials, a recent date
before such date) and each in form and substance satisfactory to the Co-Administrative
Agents and the Lenders:

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

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

     (iii) such certificates of resolutions or other action, incumbency certificates
and/or other certificates of Responsible Officers of each Loan Party as the
Co-Administrative Agents and the Lenders 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 or is to be a party;

     (iv) such documents and certifications as the Co-Administrative Agents and the
Lenders may reasonably require to evidence that each Loan Party is duly organized or
formed, and that each Loan Party is validly existing and in good standing in its
jurisdiction of organization;

     (v) a favorable opinion of Jones Day, counsel to the Loan Parties, addressed to
the Co-Administrative Agents and each Lender, in form and substance reasonably
satisfactory to the Co-Administrative Agents;

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

     (vii) a certificate signed by a Responsible Officer of the Borrower certifying
that there has been no event or circumstance since the date of the Audited Financial
Statements that has had or could be reasonably expected to have, either individually
or in the aggregate, a Material Adverse Effect;

     (viii) a certificate attesting to the Solvency of the Borrower and its
Subsidiaries on a consolidated basis, after giving effect to the consummation of the

53

 

transaction contemplated hereby, from the Borrower’s Chief Financial Officer or
Executive Vice President-Finance and Administration; and

     (ix) such other assurances, certificates, documents, consents or opinions as
the Co-Administrative Agents may reasonably require.

     (b) All fees required to be paid by the Borrower in connection with the Loan Documents
on or before the Closing Date shall have been paid in full.

     (c) All accrued reasonable expenses of the Co-Administrative Agents and the Lenders,
including, without limitation, Attorney Costs for which the Borrower has received a
reasonably detailed invoice at least 5 days prior to the Closing Date, shall have been paid
in full.

     (d) The absence of any action, suit, investigation or proceeding pending or, to the
knowledge of the Borrower, threatened in any court or before any arbitrator or Governmental
Authority that (i) could reasonably be expected to materially and adversely affect the
Borrower and its Subsidiaries, (ii) purports to adversely affect the ability of the Borrower
or any other Loan Party to perform their respective obligations under the Loan Documents, or
(iii) purports to affect the legality, validity or enforceability of any Loan Document.

     (e) There shall not have occurred a material adverse change in the business, assets,
liabilities (actual or contingent), operations or condition (financial or otherwise) of the
Borrower and its Subsidiaries taken as a whole since December 31, 2010.

5.02 Conditions to all Credit Extensions.

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

     (a) The representations and warranties of the Borrower and each other Loan Party
contained in Article VI or any other Loan Document, or which are contained in any document
furnished by the Borrower or any other Loan Party at any time under or in connection
herewith or therewith, shall be true and correct in all material respects on and as of the
date of such Credit Extension, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct in all
material respects as of such earlier date.

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

     (c) The Paying Agent and, if applicable, the Appropriate 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 a Committed Loan Notice requesting only a
conversion of Loans to the other Type or a continuation of Eurocurrency Rate Loans) submitted by
the Borrower shall be deemed to be a representation and warranty that the conditions specified in
Sections 5.02(a) and 5.02(b) have been satisfied on and as of the date of the
applicable Credit Extension.

54

 

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

     The Borrower represents and warrants to the Agents and the Lenders that:

6.01 Existence, Qualification and Power; Compliance with Laws.

     Each Loan Party (a) is a corporation, partnership or limited liability company duly
organized or formed, validly existing and in good standing under the Laws of the jurisdiction of
its incorporation or organization, (b) has all requisite power and authority and all requisite
governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and
carry on its business and (ii) execute, deliver and perform its obligations under the Loan
Documents to which it is a party and (c) is duly qualified and is licensed and in good standing
under the Laws of each jurisdiction where its ownership, lease or operation of properties or the
conduct of its business requires such qualification or license; 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.

6.02 Authorization; No Contravention.

     The execution, delivery and performance by each Loan Party of each Loan Document to which
such Person is a party are within such Loan Party’s corporate or other powers, 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 (except for any Liens that may arise
under the Loan Documents) under, or require any payment to be made under (i) any Contractual
Obligation to which such Person is a party or affecting such Person or the properties of such
Person or any of its Subsidiaries or (ii) except as would not be reasonably likely to have a
Material Adverse Effect, 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) except as would not be
reasonably likely to have a Material Adverse Effect, violate any Law. No Loan Party or any of its
Subsidiaries is in violation of any Law, the violation of which could be reasonably likely to have
a Material Adverse Effect.

6.03 Governmental Authorization; Other Consents.

     No approval, consent, exemption, authorization, or other action by, or notice to, or
filing with, any Governmental Authority or any other Person is necessary or required in connection
with the execution, delivery or performance by, or enforcement or exercise of rights or remedies
against, any Loan Party of this Agreement or any other Loan Document, except for those that have
already been obtained.

6.04 Binding Effect.

     This Agreement has been, and each other Loan Document, when delivered hereunder, will
have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement
constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and
binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its
terms, except as such enforceability may be limited by (a) bankruptcy, insolvency, reorganization,
moratorium or similar or laws of general applicability affecting the enforcement of creditors
rights and (b) the application of general principals of equity.

55

 

6.05 Financial Statements; No Material Adverse Effect.

     (a) The Audited Financial Statements (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted
therein; (ii) fairly present, 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; and (iii) 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.

     (b) The unaudited consolidated financial statements of the Borrower and its Subsidiaries dated
March 31, 2011, and the related consolidated statements of income or operations, shareholders’
equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance
with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly
noted therein, and (ii) fairly present, 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, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to
normal year-end audit adjustments.

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

6.06 Litigation.

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

6.07 No Default.

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

6.08 Ownership of Property; Liens.

     (a) Each Loan Party and each of its Subsidiaries has good record and marketable title in
fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary
conduct of its business, except for such defects in title as could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

     (b) Set forth on Schedule 6.08(b) hereto is a complete and accurate list of all Liens
(other than any Lien permitted pursuant to Section 8.01(b) through (k)) on the
property or assets of any Loan Party or any of its Subsidiaries as of the Closing Date. The
property of the Borrower and its Subsidiaries is subject to no Liens, other than Liens set forth on
Schedule 6.08(b), and as otherwise permitted by Section 8.01.

56

 

6.09 Environmental Compliance.

     Except as otherwise set forth on Schedule 6.09:

     (a) The Borrower and its Subsidiaries conduct in the ordinary course of business a
review of the effect of existing Environmental Laws and known Environmental Liabilities on
their respective businesses, operations and properties, and as a result thereof the Borrower
has reasonably concluded that such Environmental Laws, known Environmental Liabilities, and
Environmental Liabilities that would be known based upon appropriate inquiry and
investigation, could not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect.

     (b) The Borrower and each Loan Party are in compliance with all Environmental Laws
governing its business, except to the extent that any such failure to comply (together with
any resulting penalties, fines or forfeitures) would not reasonably be expected to have a
Material Adverse Effect. All licenses, permits, registrations or approvals required for the
business of the Borrower and each Loan Party under any Environmental Law have been secured
and the Borrower and each such Loan Party are in substantial compliance therewith, except
for such licenses, permits, registrations or approvals the failure to secure or to comply
therewith is not reasonably likely to have a Material Adverse Effect. Neither the Borrower
nor any Loan Party has received written notice, or otherwise knows, that it is in any
respect in noncompliance with, breach of, or default under any Environmental Laws, and no
event has occurred and is continuing which, with the passage of time or the giving of notice
or both, would constitute noncompliance, breach of, or default thereunder, except in each
such case, such noncompliance, breaches or defaults as would not reasonably be expected to,
in the aggregate, have a Material Adverse Effect. No property currently or formerly owned
or operated by the Borrower or any Loan Party existing as of the Closing Date and, to the
knowledge of the Borrower, no property currently or formerly owned or operated by the
Business, is listed on the NPL or any analogous foreign, state or local list, and, to the
knowledge of the Borrower, no such properties are proposed for listing or are adjacent to a
listed property, except with respect to any analogous foreign, state or local list, such
listings as would not reasonably be expected to, in the aggregate, have a Material Adverse
Effect.

     (c) Hazardous Materials have not at any time been (i) generated, used, treated or
stored on, or transported to or from, any real property currently or formerly owned or
operated by the Borrower or by any Loan Party existing as of the Closing Date, or, to the
knowledge of the Borrower, based upon appropriate inquiry and investigation, any real
property currently or formerly owned or operated by the Business, or (ii) released,
discharged or disposed on any such real property, in each case where such occurrence or
event is not in compliance with Environmental Laws and is reasonably likely to have a
Material Adverse Effect.

6.10 Insurance.

     The properties of the Borrower and its Subsidiaries are insured with financially sound
and reputable insurance companies or are self-insured, 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 Subsidiary operates.

6.11 Taxes.

     The Borrower and its Subsidiaries have filed all Federal and state income tax returns and
other material tax returns and reports required to be filed, and have paid all Federal, state and
other material

57

 

taxes, assessments, fees and other governmental charges levied or imposed upon them or their
properties, income or assets otherwise due and payable, except those which are being contested in
good faith by appropriate proceedings diligently conducted and for which adequate reserves have
been provided in accordance with GAAP. There is no proposed tax assessment against the Borrower or
any Subsidiary that would, if made, have a Material Adverse Effect. As of the Closing Date,
neither any Loan Party nor any of its Subsidiaries is party to any tax sharing agreement, except
for tax sharing agreements among any of the Loan Parties.

6.12 Pension Plans.

     (a) Except as set forth on Schedule 6.12 hereto, (i) neither the Borrower nor any
Loan Party has incurred any withdrawal liability (within the meaning of Part 1 of Subtitle E of
Title IV of ERISA) with respect to any Multiemployer Plan, (ii) neither the Borrower nor any Loan
Party intends to withdraw from a Multiemployer Plan, (iii) no Loan Party has incurred any liability
under Section 502(i) of ERISA or Section 4975 of the Code with respect to the Plans, (iv) no ERISA
Event has occurred and neither the Borrower nor any ERISA Affiliate is aware of any fact, event or
circumstance that could reasonably be expected to constitute or result in an ERISA Event, (v)
neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA,
would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a
Multiemployer Plan, (vi) neither the Borrower nor any ERISA Affiliate has engaged in a transaction
that could be subject to Sections 4069 or 4212(c) of ERISA, (vii) each Plan is in material
compliance with the applicable provisions of ERISA, the Code and other Federal or state Laws,
(viii) each Plan that is intended to be a qualified plan under Section 401(a) of the Code has
received a favorable determination letter from the IRS 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
IRS 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 IRS, (ix) the Borrower and each ERISA Affiliate
has met all applicable requirements under the Pension Funding Rules in respect of each Pension
Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been
applied for or obtained, except, with respect to subsections (i) through (ix) above, as would not,
in the aggregate, reasonably be expected to result in a Material Adverse Effect.

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

6.13 Subsidiaries; Equity Interests.

     As of the Closing Date, no Loan Party has any Subsidiaries other than those specifically
disclosed in Part (a) of Schedule 6.13, and all of the outstanding Equity Interests in such
Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by a Loan
Party in the amounts specified in Part (a) of Schedule 6.13 free and clear of all Liens
other than those permitted pursuant to Section 8.01. No Loan Party has any equity
Investments in any other Person other than (i) those specifically disclosed in Part (b) of
Schedule 6.13 and (ii) those Investments permitted by Section 8.02.

58

 

6.14 Margin 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 Subsidiary is or is
required to be registered as an “investment company” under the Investment Company Act of 1940.

6.15 Disclosure.

     No written report, financial statement, certificate or other information furnished by or
on behalf of any Loan Party to any Agent or any Lender in connection with the transactions
contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other
Loan Document (as modified or supplemented by other information so furnished) contains any material
misstatement of fact or omits to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; provided
that, with respect to projected financial information provided by the Borrower or that is otherwise
described on Schedule 6.15, the Borrower represents only that such information was prepared in good
faith based upon assumptions believed to be reasonable at the time.

6.16 Compliance with Laws.

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

6.17 Intellectual Property; Licenses, Etc.

     Each Loan Party and its Subsidiaries own, or possess the right to use, all of the
trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses
and other intellectual property rights (collectively, “IP Rights”) that are reasonably
necessary for the operation of their respective businesses, without conflict with the rights of any
other Person, except where the failure to do so, or for such conflicts that, could not reasonably
be expected to have a Material Adverse Effect. To the best knowledge of the Borrower, no slogan or
other advertising device, product, process, method, substance, part or other material now employed,
or now contemplated to be employed, by any Loan Party or any Subsidiary infringes upon any rights
held by any other Person, except for such infringements that could not reasonably be expected to
have a Material Adverse Effect. No claim or litigation regarding any IP Rights is pending or, to
the knowledge of the Borrower, threatened, which, either individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect.

6.18 Solvency.

     The Borrower and its Subsidiaries are, on a consolidated basis, Solvent.

59

 

ARTICLE VII

AFFIRMATIVE COVENANTS

     Until such time as the Obligations have been Fully Satisfied, the Borrower shall, and shall
(except in the case of the covenants set forth in Sections 7.01, 7.02, 7.03
and 7.11) cause each Subsidiary to:

7.01 Financial Statements.

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

     (a) as soon as available, but in any event within 90 days after the end of each fiscal
year of the Borrower, 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, shareholders’ equity and cash flows for such fiscal year, setting forth in each
case in comparative form the figures for the previous fiscal year, all in reasonable detail
and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an
independent certified public accountant of nationally recognized standing selected by the
Borrower and reasonably acceptable to the Required Lenders, which report and opinion shall
be prepared in accordance with generally accepted auditing standards and shall not be
subject to any “going concern” or like qualification or exception or any qualification or
exception as to the scope of such audit; and

     (b) as soon as available, but in any event within 45 days after the end of each of the
first three fiscal quarters of each fiscal year of the Borrower, a consolidated balance
sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the
related consolidated statements of income or operations, shareholders’ equity and cash flows
for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended,
setting forth in each case in comparative form the figures for the corresponding fiscal
quarter of the previous fiscal year and the corresponding portion of the previous fiscal
year, all in reasonable detail and certified by a Responsible Officer of the Borrower as
fairly presenting 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.

     As to any information contained in materials furnished pursuant to Section 7.02(d),
the Borrower shall not be separately required to furnish such information under Section
7.01(a) or 7.01(b), but the foregoing shall not be in derogation of the obligation of
the Borrower to furnish the information and materials described in Sections 7.01(a) and
7.01(b) at the times specified therein.

7.02 Certificates; Other Information.

     Deliver to the Paying Agent (who will make available to the Lenders), in form and detail
satisfactory to the Co-Administrative Agents and the Required Lenders:

     (a) concurrently with the delivery of the financial statements referred to in
Section 7.01(a), a certificate of its independent certified public accountants
reporting on such financial statements and stating that in performing their audit nothing
came to their attention that caused them to believe the Borrower failed to comply with the
financial covenants set forth in Section 8.11, except as specified in such
certificate;

60

 

     (b) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and 7.01(b), a duly completed Compliance Certificate signed
by a Responsible Officer of the Borrower, and in the event of any change in generally
accepted accounting principles used in the preparation of such financial statements, the
Borrower shall also provide, if necessary for the determination of compliance with
Section 8.11, a statement of reconciliation conforming such financial statements to
GAAP;

     (c) promptly after any request by any Co-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 any Loan Party or any Subsidiary, or any audit of
any of them;

     (d) unless the same shall be publicly available, promptly after the same are available,
copies of each annual report, proxy or financial statement or other report or communication
sent to the stockholders of the 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, or with
any Governmental Authority that may be substituted therefor, or with any national securities
exchange, and in any case not otherwise required to be delivered to the Agents pursuant
hereto;

     (e) promptly after the assertion or occurrence thereof, notice of any noncompliance by
any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit
that could reasonably be expected to have a Material Adverse Effect; and

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

     Documents required to be delivered pursuant to Section 7.01(a), 7.01(b) or
7.02(d) (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 (i) 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 11.02; or
(ii) on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or
another relevant website, if any, to which each Lender and each Agent have access (whether a
commercial, third-party website or whether sponsored by the Co-Administrative Agents);
provided that: (i) the Borrower shall deliver paper copies of such documents to any Agent
or any Lender that requests the Borrower to deliver such paper copies until a written request to
cease delivering paper copies is given by such Agent or such Lender and (ii) the Borrower shall
notify (which may be by facsimile or electronic mail) each Agent and each Lender of the posting of
any such documents and provide to the Co-Administrative Agents by electronic mail electronic
versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in
every instance the Borrower shall be required to provide paper copies of the Compliance
Certificates required by Section 7.02(b) to the Paying Agent (who will make such copies
available to the Lenders). Except for such Compliance Certificates, the Co-Administrative Agents
shall have no obligation to request the delivery or to maintain copies of the documents referred to
above, and in any event shall have no responsibility to monitor compliance by the Borrower with any
such request for delivery, and each Lender shall be solely responsible for requesting delivery to
it or maintaining its copies of such documents.

     The Borrower hereby acknowledges that (a) the Agents and/or MLPF&S will make available to the
Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Borrower

61

 

hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials
on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the
Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material
non-public information with respect to the Borrower or its Affiliates, or the respective securities
of any of the foregoing, and who may be engaged in investment and other market-related activities
with respect to such Person’s securities. The 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, means 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 Agents, MLPF&S and the Lenders to treat such Borrower Materials as not containing
any material non-public information (although the parties acknowledge that such information may
still be sensitive and/or proprietary) with respect to the Borrower or its securities for purposes
of United States Federal and state securities laws (provided, however, that to the
extent such Borrower Materials constitute Information, they shall be treated as set forth in
Section 11.08); (y) all Borrower Materials marked “PUBLIC” are permitted to be made
available through a portion of the Platform designated as “Public Side Information;” and (z) the
Agents and MLPF&S 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 as “Public Side
Information.” For purposes of clarification, (i) any materials not marked “PUBLIC” shall be deemed
to be material non-public information and (ii) notwithstanding the foregoing, the Borrower shall be
under no obligation to mark any particular Borrower Materials “PUBLIC.”

7.03 Notices.

     Promptly after a Responsible Officer has knowledge thereof, notify each Agent and each
Lender:

     (a) of the occurrence of any Default or Event of Default;

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

     (c) of the occurrence of any ERISA Event that alone or together with any other ERISA
Events that have occurred, has resulted or could reasonably be expected to result in a
Material Adverse Effect;

     (d) of any material change in accounting policies, financial reporting practices or
fiscal year by the Borrower; and

     (e) of any public announcement by Moody’s or S&P of any change in a Debt Rating.

     Each notice pursuant to subparts (a) through (e) of this Section 7.03 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.

7.04 Payment of Obligations.

     Pay and discharge as the same shall become due and payable, all its material obligations
and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies
upon it or its properties or assets, unless the same are being contested in good faith by
appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are
being maintained by the Borrower or such Subsidiary, (b) all lawful claims which, if unpaid, would
by law become a Lien upon its property that is not permitted pursuant to Section 8.01, and
(c) all Indebtedness, as and when due and

62

 

payable unless the failure to so pay would not constitute an Event of Default hereunder or
would not be reasonably likely to cause a Material Adverse Effect, but subject to any subordination
provisions contained in any instrument or agreement evidencing such Indebtedness.

7.05 Preservation of Existence, Etc.

     (a) Preserve, renew and maintain in full force and effect its legal existence and good
standing under the Laws of the jurisdiction of its organization except in a transaction permitted
by Section 8.04 or 8.05; (b) take all reasonable action to maintain all rights,
privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its
business, except to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade
names and service marks, the non-preservation of which could reasonably be expected to have a
Material Adverse Effect.

7.06 Maintenance of Properties.

     (a) Maintain, preserve and protect all of its material properties and equipment necessary
in the operation of its business in good working order and condition, ordinary wear and tear and
casualty and condemnation events excepted, except to the extent that the continued maintenance of
such property is no longer economically desirable as determined in good faith by the Borrower; and

     (b) make all necessary repairs thereto and renewals and replacements thereof except where the
failure to do so could not reasonably be expected to have a Material Adverse Effect.

7.07 Maintenance of Insurance.

     Maintain insurance with financially sound and reputable insurance companies or maintain a
self-insurance program, 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.

7.08 Compliance with Laws.

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

7.09 Books and Records.

     Maintain proper books of record and account, in which full, true and correct entries in
conformity with GAAP consistently applied shall be made of all financial transactions and matters
involving the assets and business of the Borrower or such Subsidiary, as the case may be.

7.10 Inspection Rights.

     Within five Business Days of delivery of the notice referred to below, permit
representatives and independent contractors of each Agent and each Lender to visit and inspect any
of its properties, to examine its corporate, financial and operating records, and make copies
thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its
directors, officers, and independent public

63

 

accountants, all at such reasonable times during normal business hours and as often as may be
reasonably desired, upon reasonable advance notice to the Borrower; provided,
however, that unless an Event of Default has occurred and is continuing at the time such
inspection commences, (a) the Borrower shall not be required to pay expenses relating to more than
two inspections by the Agents in any twelve consecutive calendar months and (b) the Borrower shall
not be required to pay the expenses of any Lender for any inspection; provided,
further, that when an Event of Default exists any Agent or any Lender (or any of their
respective representatives or independent contractors) may do any of the foregoing at the
reasonable expense of the Borrower at any time during normal business hours, without advance notice
and without limitation as to frequency.

7.11 Use of Proceeds.

     Use the proceeds of the Credit Extensions for working capital, capital expenditures,
Permitted Acquisitions and other lawful corporate purposes, in each case, not in contravention of
any Law or of any Loan Document.

7.12 Covenant to Guarantee Obligations.

     Upon (x) the request of any Co-Administrative Agent following the occurrence and during
the continuance of a Default or Event of Default, (y) the formation or acquisition of any new
direct or indirect Domestic Subsidiary by any Loan Party that is a Material Subsidiary or (z) any
existing direct or indirect Domestic Subsidiary of any Loan Party becoming a Material Subsidiary
(for purposes of this clause (z) as determined by the financial statements delivered pursuant to
Section 7.01(a) and (b)), then the Borrower shall, in each case at the Borrower’s
expense:

     (i) cause such Material Subsidiary (other than a special purpose entity established to
facilitate a securitization or other financing of accounts receivable or other assets of any
Loan Party otherwise permitted hereunder (each a “Receivables Subsidiary”) within 30
days after such request, formation or acquisition or becoming a Material Subsidiary, and
cause each direct and indirect parent of such Material Subsidiary (if it has not already
done so), to duly execute and deliver to the Co-Administrative Agents a Joinder Agreement in
substantially the same form as Exhibit F, guaranteeing the other Loan Parties’ obligations
under the Loan Documents,

     (ii) within 60 days after such request, formation or acquisition, or becoming a
Material Subsidiary, deliver to the Co-Administrative Agents, upon the request of the
Co-Administrative Agents in their sole discretion, a signed copy of a favorable opinion,
addressed to the Co-Administrative Agents and the Lenders, of counsel for the Loan Parties
reasonably acceptable to the Co-Administrative Agents relating to the matters described in
clause (a) above, including any such Joinder Agreement, being legal, valid and binding
obligations of each Loan Party party thereto enforceable in accordance with its terms;

provided, however, that, notwithstanding anything in any Loan Document to the
contrary, in no event will any Foreign Subsidiary be required to provide a Guaranty under any Loan
Document or Joinder Agreement.

7.13 Compliance with Environmental Laws.

     Comply, and use commercially reasonable efforts to cause all lessees and other Persons
operating or occupying its properties to comply, in all material respects, with all applicable
Environmental Laws and Environmental Permits; obtain and renew all Environmental Permits necessary
for its operations and properties; and conduct any investigation, study, sampling and testing, and
undertake any cleanup,

64

 

removal, remedial or other action necessary to address any Hazardous Materials on or under any
of its properties, to the extent required by applicable Environmental Laws; provided,
however, that neither the Borrower nor any of its Subsidiaries shall be required to
undertake any such 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.

7.14 Further Assurances.

     Promptly upon request by any Co-Administrative Agent, or any Lender through any
Co-Administrative Agent, (i) correct any material defect or error that may be discovered in any
Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (ii) 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 any Agent, or any
Lender through any Co-Administrative Agent, may reasonably require from time to time in order to
carry out more effectively the purposes of the Loan Documents.

ARTICLE VIII

NEGATIVE COVENANTS

     Until such time as the Obligations have been Fully Satisfied, the Borrower shall not, nor
shall it permit any Subsidiary to, directly or indirectly:

8.01 Liens.

     Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, or authorize the filing under the Uniform
Commercial Code of any jurisdiction of a financing statement that names the Borrower or any of its
Subsidiaries as debtor, or sign or suffer to exist any security agreement authorizing any secured
party thereunder to file such financing statement, or assign any accounts or other right to receive
income, other than the following:

     (a) Liens existing as of the Closing Date, that are listed on Schedule 6.08(b)
and any renewals or extensions thereof, provided that the property covered thereby is not
changed and the amount not increased or the direct or any contingent obligor changed and any
renewal or extension of the obligations secured or benefited thereby is permitted by
Section 8.03(c)(B);

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

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

     (d) 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;

65

 

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

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

     (g) Liens securing judgments for the payment of money not constituting an Event of
Default under Section 9.01(h) or securing appeal or other surety bonds related to
such judgments;

     (h) Liens securing Indebtedness permitted under Section 8.03(c)(E);
provided that (i) such Liens do not at any time encumber any property other than the
property financed by such Indebtedness, (ii) the Indebtedness secured thereby does not
exceed the cost or fair market value, whichever is lower, of the property being acquired on
the date of acquisition and (iii) with respect to capital leases, such Liens do not at any
time extend to or cover any assets other than the assets subject to such capital leases;

     (i) Liens on or transfers of accounts receivable and contracts, and instruments and
other assets related thereto arising in connection with the sale of such accounts receivable
pursuant to Section 8.05(g);

     (j) Liens securing Indebtedness permitted by Section 8.03(c)(H),
provided that such Liens existed prior to such Person becoming a Subsidiary of the
Borrower, were not created in anticipation thereof and do not extend to any assets other
than those of such Subsidiary;

     (k) other Liens securing Indebtedness outstanding in an aggregate principal amount not
to exceed $125,000,000; and

     (l) Liens, if any, in favor of the L/C Issuer and/or the Swing Line Lender to Cash
Collateralize or otherwise secure the obligations of a Defaulting Lender to fund risk
participations hereunder.

8.02 Investments.

     Make or hold any Investments, except:

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

     (b) advances to officers, directors and employees of the Borrower and Subsidiaries made
in the ordinary course of business for travel, entertainment, relocation and analogous
ordinary business purposes;

     (c) (i) equity Investments of the Borrower in any Guarantor and Investments of any
Guarantor in the Borrower or in another Guarantor, (ii) equity Investments of a Foreign
Subsidiary in any other Subsidiary and (iii) equity Investments of the Borrower or any
Subsidiary in any Receivables Subsidiary and Investments of any Receivables Subsidiary in
the Borrower or any Subsidiary, in each case, to the extent such Investments pursuant to
this clause (iii) are

66

 

limited solely to (x) such Receivables Subsidiary’s acquisition of receivables and
related assets in connection with the Receivables Facility and (y) activities incidental to
such acquisitions and such Receivables Subsidiary’s status as a special purpose vehicle;

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

     (e) Guarantees permitted by Section 8.03;

     (f) Investments existing as of the Closing Date that are set forth on Schedule
8.02(f);

     (g) Investments by the Borrower or any Subsidiary in Swap Contracts permitted under
Section 8.03(a)(A) or Section 8.03(c)(D);

     (h) Investments consisting of intercompany debt permitted under Section 8.03(a)(B),
8.03(b)(A), 8.03(c)(F) or 8.03(d)(A); and

     (i) the purchase or other acquisition of all of the Equity Interests in, or all or
substantially all of the property and assets of, any Person that, upon the consummation
thereof, will be wholly owned directly by the Borrower or one or more of its wholly owned
Subsidiaries (including, without limitation, as a result of a merger or consolidation);
provided that, with respect to each purchase or other acquisition made pursuant to
this Section 8.02(i):

     (A) any such newly created or acquired Domestic Subsidiary that is a Material
Subsidiary shall comply with the requirements of Sections 7.12;

     (B) the lines of business of the Person to be (or the property and assets of
which are to be) so purchased or otherwise acquired shall not be substantially
different than the lines of business currently conducted by the Borrower and its
Subsidiaries or any business reasonably related or incidental thereto;

     (C) the total cash and noncash consideration (including, without limitation,
all indemnities, earn-outs and other contingent payment obligations to, and the
aggregate amounts paid or to be paid under noncompete, consulting and other
affiliated agreements with, the sellers thereof, all write-downs of property and
assets and reserves for liabilities with respect thereto and all assumptions of
debt, liabilities and other obligations in connection therewith, but specifically
excluding (x) the fair market value of all Equity Interests issued or transferred to
the sellers thereof and (y) the Net Cash Proceeds from the issuance of any Equity
Interests of the Borrower on or after the Closing Date) paid by or on behalf of the
Borrower and its Subsidiaries for any such purchase or other acquisition, when
aggregated with the total cash and noncash consideration paid by or on behalf of the
Borrower and its Subsidiaries for all other purchases and other acquisitions made by
the Borrower and its Subsidiaries pursuant to this Section 8.02(i), shall
not exceed $350,000,000 in any fiscal year if after giving effect to such purchase
or other acquisition, the Borrower has a Debt Rating of less than BBB- by S&P and
Baa3 by Moody’s, it being understood that the aggregate consideration limits in this
clause (C) shall not be applicable if, after giving effect to such purchase or other
acquisition, the Borrower has a Debt Rating of at least BBB- by S&P or at least Baa3
by Moody’s;

67

 

     (D) (1) immediately before and immediately after giving pro forma effect to any
such purchase or other acquisition, no Default or Event of Default shall have
occurred and be continuing and (2) if the total cash and noncash consideration paid
or to be paid for any such purchase or acquisition exceeds $50,000,000, the Borrower
shall have demonstrated compliance with the covenant set forth in Section
8.11(a) on a Pro Forma Basis after giving effect to such purchase or
acquisition; and

     (E) if the acquisition involves cash consideration in excess of $50,000,000,
the Borrower shall have delivered to the Co-Administrative Agents, on behalf of the
Lenders, at least five Business Days prior to the date on which any such purchase or
other acquisition is to be consummated, a certificate of a Responsible Officer, in
form and substance reasonably satisfactory to the Co-Administrative Agents,
certifying that all of the requirements set forth in this Section 8.02(i)
have been satisfied or will be satisfied on or prior to the consummation of such
purchase or other acquisition;

     (j) Investments by the Borrower and its Subsidiaries not otherwise permitted under this
Section 8.02 in Non-Guarantor Subsidiaries; provided that, other than with
respect to Investments by Non-Guarantor Subsidiaries in other Non-Guarantor Subsidiaries,
(1) no Default or Event of Default under each of Section 9.01(a), (f) or
(g) shall have occurred and be continuing before and immediately after giving effect
to any such Investment, (2) the aggregate amount of all Investments made pursuant to this
clause (j) subsequent to the Closing Date, shall not exceed 20% of Consolidated Net Worth
and (3) if after giving effect to any such Investment, the aggregate amount of outstanding
Investments in Non-Guarantor Subsidiaries made subsequent to the Closing Date exceeds
$50,000,000, the Borrower and its Subsidiaries shall be in pro forma compliance with the
covenant set forth in Section 8.11(a) after giving effect to the making of any such
Investment;

     (k) (i) Investments by the Borrower and its Subsidiaries in joint ventures (other than
any Subsidiaries) existing as of the Closing Date and (ii) Investments by the Borrower and
its Subsidiaries not otherwise permitted under this Section 8.02 in joint ventures
(other than any Subsidiaries); provided that (1) the aggregate amount of such
Investments made during any fiscal year in such joint ventures pursuant to this clause
(k)(ii) shall not exceed $100,000,000 for such fiscal year and (2) no Default or Event of
Default shall have occurred and be continuing before and immediately after giving effect to
any such Investment; provided further however that if the Borrower has a
Debt Rating of less than BBB- by S&P and Baa3 by Moody’s, the aggregate amount of
Investments made by the Borrower and its Subsidiaries in joint ventures pursuant to this
clause (k)(ii) shall also not exceed $75,000,000 in any fiscal year; and

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

8.03
Indebtedness.

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

     (a) in the case of the Borrower,

     (A) Indebtedness in respect of Swap Contracts designed to hedge against
fluctuations in interest rates or foreign exchange rates incurred in the ordinary
course of business and consistent with prudent business practice,

68

 

     (B) Indebtedness owed to a wholly-owned Subsidiary, which Indebtedness shall be
unsecured and subordinated on terms acceptable to the Co-Administrative Agents, and

     (C) unsecured Indebtedness owed to a Person other than a wholly-owned
Subsidiary;

     (b) in the case of the Guarantors,

     (A) Indebtedness owed to the Borrower or a wholly-owned Subsidiary, which
Indebtedness shall be unsecured and subordinated on terms acceptable to the
Co-Administrative Agents, and

     (B) unsecured Indebtedness owed to a Person other than the Borrower or a
wholly-owned Subsidiary;

     (c) in the case of the Borrower and its Subsidiaries,

     (A) Indebtedness under the Loan Documents;

     (B) Indebtedness outstanding as of the Closing Date that is listed on
Schedule 8.03 and any refinancings, refundings, renewals or extensions
thereof; provided that the amount of such Indebtedness is not increased at
the time of such refinancing, refunding, renewal or extension except by an amount
equal to a reasonable premium or other reasonable amount paid, and fees and expenses
reasonably incurred, in connection with such refinancing and by an amount equal to
any existing commitments unutilized thereunder, and the direct and contingent
obligors therefor shall not be changed, as a result of or in connection with such
refinancing, refunding, renewal or extension, unless such obligor is a Foreign
Subsidiary, in which case the obligor under such refinanced, refunded, renewed or
extended Indebtedness may be another Foreign Subsidiary; provided still
further that the terms relating to principal amount, amortization, maturity,
collateral (if any) and subordination (if any), and other material terms taken as a
whole, of any such extending, refunding or refinancing Indebtedness, and of any
agreement entered into and of any instrument issued in connection therewith, are no
less favorable in any material respect to the Loan Parties or the Lenders than the
terms of any agreement or instrument governing the Indebtedness being extended,
refunded or refinanced and the interest rate applicable to any such extending,
refunding or refinancing Indebtedness does not exceed the then applicable market
interest rate;

     (C) Guarantees of the Borrower or any Guarantor (I) in respect of Indebtedness
(other than intercompany Indebtedness) otherwise permitted hereunder of the Borrower
or any other Guarantor, and (II) in respect of Indebtedness (other than intercompany
Indebtedness) otherwise permitted hereunder of a Foreign Subsidiary if such
Indebtedness was assumed by such Foreign Subsidiary from another Foreign Subsidiary
and to the extent such Indebtedness was guaranteed by the Borrower or any Guarantor;

     (D) obligations (contingent or otherwise) of the Borrower or any Subsidiary
existing or 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

69

 

property held or reasonably anticipated by such Person, or changes in the value
of securities issued by such Person, and not for purposes of speculation or taking a
“market view;” 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;

     (E) Indebtedness in respect of capital leases, Synthetic Lease Obligations and
purchase money obligations for fixed or capital assets within the limitations set
forth in Section 8.01(h);

     (F) (i) Indebtedness of the Receivables Subsidiaries incurred in connection
with the sale of accounts receivable and related assets pursuant to Section
8.05(g) so long as the aggregate principal amount of Indebtedness of all
Receivables Subsidiaries relating thereto (exclusive of Indebtedness incurred
pursuant to clause (ii) below) does not exceed $200,000,000 at any time and (ii)
Indebtedness of the Receivables Subsidiaries to any Subsidiary incurred in
connection with the Receivables Facility for the purchase of accounts receivable and
related assets;

     (G) secured Indebtedness so long as the amount thereof is within the
limitations set forth in Section 8.01(k); and

     (H) Indebtedness of a Person that becomes a Subsidiary of the Borrower as the
result of an Investment permitted by Section 8.02(i), provided that
such Indebtedness existed at the time such Person became a Subsidiary of the
Borrower, and such Indebtedness was not created in anticipation thereof; and

     (d) in the case of Non-Guarantor Subsidiaries,

     (A) Indebtedness owed to the Borrower or another Subsidiary that is otherwise
permitted to be made by the Borrower or such Subsidiary under Section
8.02(j); and

     (B) other unsecured Indebtedness in an aggregate principal amount not to exceed
an amount equal to 30% of Consolidated Net Worth as measured as of the end of the
most recently completed fiscal quarter prior to the incurrence of such Indebtedness.

8.04 Fundamental Changes.

     Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of
(whether in one transaction or in a series of transactions) all or substantially all of its assets
(whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no
Default 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, or (ii) any one or more other Subsidiaries,
provided that when any Guarantor is merging with another Subsidiary, the Guarantor
shall be the continuing or surviving Person or the continuing or surviving Person shall
promptly thereafter become a Guarantor;

     (b) any Subsidiary may Dispose of all or substantially all of its assets (upon
voluntary liquidation or otherwise) to the Borrower or to another Subsidiary;
provided that if the

70

 

transferor in such a transaction is a Guarantor, then the transferee must either be the
Borrower or a Guarantor or the transferee shall promptly thereafter become a Guarantor; and

     (c) in connection with any acquisition permitted under Section 8.02, any
Subsidiary of the Borrower may merge into or consolidate with any other Person or permit any
other Person to merge into or consolidate with it; provided that the Person
surviving such merger shall be a wholly owned Subsidiary of the Borrower;

provided, however, that in each case, immediately after giving effect thereto, in
the case of any such merger to which the Borrower is a party, the Borrower is the surviving
corporation.

8.05 Dispositions.

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

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

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

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

     (d) Dispositions of property by any Subsidiary to the Borrower or to a wholly-owned
Subsidiary;

     (e) Dispositions permitted by Section 8.04;

     (f) Dispositions by the Borrower and its Subsidiaries not otherwise permitted under
this Section 8.05; provided that (i) at the time of such Disposition, no
Default or Event of Default shall exist or would result from such Disposition and (ii) if
the net book value of the assets sold, leased or otherwise disposed of in any such
Disposition exceeds $100,000,000, the Borrower shall have demonstrated compliance with the
covenant set forth in Section 8.11(a) on a Pro Forma Basis after giving effect to
any such Disposition;

     (g) the limited recourse sale of accounts receivable and related assets in connection
with the securitization of accounts receivable or similar rights to payment, which sale is
non-recourse to the extent customary in securitizations and consistent with past practice
and which is, to the extent entered into after the Closing Date, upon terms and conditions
reasonably satisfactory to the Co-Administrative Agents (the “Receivables
Facility”);

     (h) Dispositions of cash or Cash Equivalents for purposes not otherwise prohibited
under this Agreement or under any other Loan Document; and

     (i) so long as no Default or Event of Default shall occur and be continuing, the grant
of any option or other right to purchase any asset in a transaction that would be permitted
under the provisions of Section 8.05(f);

71

 

provided, however, that any Disposition pursuant to Section 8.05(a) through
Section 8.05(h) shall be for fair value as determined by the Borrower or the applicable
Subsidiary in its reasonable business judgment.

8.06 Restricted Payments.

     Declare or make, directly or indirectly, any Restricted Payment, or incur any
obligation (contingent or otherwise) to do so, or, except with respect to the Borrower,
issue or sell any Equity Interests to any Person other than the Borrower or a wholly owned
Domestic Subsidiary or accept any capital contributions, except that:

     (a) each Subsidiary may make Restricted Payments to the Borrower and to any other
Subsidiary; provided, however, that any Restricted Payment by a
non-wholly-owned Subsidiary shall be made to the Borrower, any Subsidiary and to each other
owner of capital stock or other Equity Interests of such Subsidiary on a pro rata basis
based on their relative ownership interests;

     (b) the Borrower and each Subsidiary may purchase, redeem or otherwise acquire its
common Equity Interests with the proceeds received from the substantially concurrent issue
of new common Equity Interests;

     (c) each Loan Party and each Subsidiary may declare and make dividend payments or other
distributions payable solely in common Equity Interests of such Person; and

     (d) so long as no Default or Event of Default shall then exist or would result
therefrom, the Borrower may purchase, redeem or otherwise acquire shares of its capital
stock (including common stock from employees or former employees of the Borrower or any
Subsidiary in consideration for the exercise of stock options by such employees or former
employees and including payments in respect of any tax obligations incurred by such
employees or former employees in connection with such exercise) or warrants, rights or
options to acquire any such shares for cash, in an aggregate amount for all such purchases,
redemptions and other acquisitions made under this clause (d) on and after the Closing Date
not to exceed in any fiscal year an amount equal to 10% of Consolidated Net Worth as of the
fiscal quarter end immediately preceding the beginning of such fiscal year.

8.07 Change in Nature of Business.

     Engage in any material line of business substantially different from those lines of
business conducted by the Borrower and its Subsidiaries on the Closing Date or any business
reasonably related, complementary or incidental thereto.

8.08 Transactions with Affiliates.

     Enter into any transaction of any kind with any Affiliate of the Borrower, whether or not
in the ordinary course of business, other than on fair and reasonable terms substantially as
favorable to the Borrower or such Subsidiary as would be obtainable by the Borrower or such
Subsidiary at the time in a comparable arm’s length transaction with a Person other than an
Affiliate, except (i) transactions between or among the Borrower and its Subsidiaries in the
ordinary course of business, (ii) the transactions identified on Schedule 8.08, (iii)
transactions relating to the Receivables Facility and (iv) immaterial transactions with any officer
or director of the Borrower or any Subsidiary.

72

 

8.09 Burdensome Agreements.

     Enter into or permit to exist any Contractual Obligation (other than this Agreement, any
other Loan Document or any agreement relating to the Receivables Facility) that (a) limits the
ability (i) of any Subsidiary to make Restricted Payments or dividend payments or other
distributions to the Borrower or any Guarantor or to otherwise transfer property to or invest in
the Borrower or any Guarantor or to pay any Indebtedness or other obligation owed to any Loan
Party, except for any agreement in effect (A) on the Closing Date or (B) at the time any Subsidiary
becomes a Subsidiary of the Borrower, so long as such agreement was not entered into solely in
contemplation of such Person becoming a Subsidiary of the Borrower, (ii) of any Subsidiary to
Guarantee the Indebtedness of the Borrower, except for any document set forth on Schedule
8.09, or (iii) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist
Liens on property of such Person; provided, however, that this clause (iii) shall
not prohibit (x) any negative pledge incurred or provided in favor of any holder of Indebtedness
permitted under Section 8.03(c)(E) solely to the extent any such negative pledge relates to
the property financed by or the subject of such Indebtedness, (y) any provision contained in any
document listed on Schedule 8.09 that provides that in the event any Loan Party grants any
Lien on such Loan Party’s assets or properties to secure any Indebtedness, such Loan Party shall
secure such Indebtedness in respect of such document on an equal and ratable basis with such
Indebtedness, or (z) any negative pledge provision contained in any document listed on Schedule
8.09; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is
granted to secure another obligation of such Person, other than any provision contained in any
document listed on Schedule 8.09 that provides that in the event any Loan Party grants any
Lien on such Loan Party’s assets or properties to secure any Indebtedness, such Loan Party shall
secure the Indebtedness in respect of such document on an equal and ratable basis with such
Indebtedness.

8.10 Use of Proceeds.

     Use the proceeds of any Credit Extension, whether directly or indirectly, and whether
immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of
Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying
margin stock or to refund Indebtedness originally incurred for such purpose, in each case of the
foregoing, in any manner that would violate Regulation T, U, or X of the FRB.

8.11 Financial Covenants.

     (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio at any
time to be greater than 3.25 to 1.0.

     (b) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage
Ratio at any time to be less than or equal to 4.0 to 1.0.

8.12 Amendments of Organization Documents.

     With respect to any Loan Party, amend any of its Organization Documents in a manner that
could reasonably be expected to have a Material Adverse Effect.

73

 

ARTICLE IX

EVENTS OF DEFAULT AND REMEDIES

9.01 Events of Default.

     Any of the following shall constitute an Event of Default:

     (a) Non-Payment. The Borrower fails to pay (i) when and as required to be paid
herein, any amount of principal of any Loan or any L/C Obligation, (ii) within five Business Days
after the same becomes due, any interest on any Loan or on any L/C Obligation, or any commitment or
other fee due hereunder or (iii) within ten days after written notice thereof, any other amount due
hereunder; or

     (b) Specific Covenants. The Borrower fails to perform or observe any term, covenant
or agreement contained in (i) any of Section 7.03, 7.05, 7.11 or
7.12, or Article VIII or (ii) any of Section 7.01(a) or (b) or
7.02(a) or (b) and such failure continues for 10 days after the earlier of the date
on which (i) a Responsible Officer of the Borrower has knowledge of such failure or (ii) notice is
given from the Paying Agent to the Borrower at the request of the Required Lenders that the
Borrower is to remedy the same; or

     (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in Section 9.01(a) or 9.01(b)) contained in any Loan
Document on its part to be performed or observed and such failure continues for 30 days after the
earlier of the date on which (i) a Responsible Officer of the Borrower has knowledge of such
failure or (ii) notice is given from the Paying Agent to the Borrower at the request of the
Required Lenders that the Borrower is to remedy the same; 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 or misleading in any material respect when made or deemed made; or

     (e) Cross-Default. (i) Any Loan Party or any Subsidiary (A) fails to make any payment
when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise)
in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness
under Swap Contracts) having an aggregate principal amount (including undrawn committed or
available amounts and including amounts owing to all creditors under any combined or syndicated
credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform any other
agreement or condition relating to any such Indebtedness or Guarantee or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the
effect of which default or other event is to cause, or to permit the holder or holders of such
Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf
of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if
required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased
or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such
Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash
collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early
Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under
such Swap Contract as to which the Borrower or any Subsidiary is the Defaulting Party (as defined
in such Swap Contract) or (B) any Termination Event (as defined in such Swap Contract) under such
Swap Contract as to which the Borrower or any Subsidiary is an Affected Party (as defined in such
Swap Contract) and, in either event, the Swap Termination Value owed by the Loan Party or such
Subsidiary as a result thereof is greater than the Threshold Amount; or

74

 

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

     (g) Inability to Pay Debts; Attachment. (i) Any Loan Party or any of its Material
Subsidiaries 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 any Loan Party or any Material Subsidiary (i)
a final judgment or order for the payment of money in an aggregate amount 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, there is a period of 45 consecutive days during which the same shall not have been
paid, discharged, vacated or stayed, by reason of a pending appeal or otherwise; or

     (i) ERISA. Except as is not reasonably expected to result in a Material Adverse
Effect: (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has
resulted or is reasonably expected to result in liability of the Borrower under Title IV of ERISA
to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the
Threshold Amount, 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 in excess
of the Threshold Amount; or

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

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

9.02 Remedies upon Event of Default.

     If any Event of Default occurs and is continuing, the Co-Administrative Agents shall, at
the request of, or may, with the consent of, the Required Lenders, take any or all of the following
actions:

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

75

 

     (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 the then Outstanding Amount thereof); and

     (d) exercise on behalf of themselves, the other Agents and the Lenders all rights and
remedies available to them, the other Agents and the Lenders under the Loan Documents or
applicable Law;

provided, however, that upon 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, the
obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit
Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and
all interest and other amounts as aforesaid shall automatically become due and payable, and the
obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall
automatically become effective, in each case without further act of any Agent or any Lender.

9.03 Application of Funds.

     After the exercise of remedies provided for in Section 9.02 (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 9.02), any
amounts received on account of the Obligations shall be applied by the Paying Agent in the
following order:

     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (other than principal and interest but including Attorney Costs and
amounts payable under Article III) payable to the Agents in their capacities as such
ratably among them in proportion to the amounts described in this clause First payable to them;

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to the Lenders (including Attorney
Costs and amounts payable under Article III), ratably among them in proportion to the
amounts described in this clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Loans and L/C Borrowings and fees, premiums and scheduled periodic payments, and
any interest accrued thereon, due under any Swap Contract between any Loan Party and any Swap Bank,
ratably among the Lenders (and, in the case of such Swap Contracts, Swap Banks) and the L/C Issuer
in proportion to the respective amounts described in this clause Third payable to them;

     Fourth, to (a) payment of that portion of the Obligations constituting accrued and
unpaid principal of the Loans and L/C Borrowings, (b) payment of breakage, termination or other
payments, and any interest accrued thereon, due under any Swap Contract between any Loan Party and
any Swap Bank, (c) payments of amounts due under any Treasury Management Agreement between any Loan
Party and any Treasury Management Bank and (d) the Paying Agent for the account of the L/C Issuer,
to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of
Letters of Credit, ratably among the Lenders (and, in the case of such Swap Contracts and Treasury
Management

76

 

Agreements, Swap Banks or Treasury Management Banks, as applicable) and the L/C Issuer in
proportion to the respective amounts described in this clause Fourth held by them;

     Fifth, to the payment of all other Obligations of the Loan Parties owing under or in
respect of the Loan Documents that are due and payable to the Agents and the Lenders on such date,
ratably based upon the respective aggregate amounts of all such Obligations owing to the Agents and
the Lenders on such date; and

     Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Borrower or as otherwise required by Law.

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount
of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings
under such Letters of Credit as they occur. If any amount remains on deposit as cash collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be
applied to the other Obligations, if any, in the order set forth above.

ARTICLE X

AGENTS

10.01 Appointment and Authority.

     Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America and
KeyBank to act on its behalf as the Agents hereunder and under the other Loan Documents and
authorizes each Agent to take such actions on its behalf and to exercise such powers as are
delegated to such 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 Agents, the Lenders and the L/C Issuer, and neither the Borrower nor any other Loan Party shall
have rights as a third party beneficiary of any of such provisions.

10.02 Rights as a Lender.

     The Persons serving as an 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 an Agent
and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the
context otherwise requires, include the Persons serving as an 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 any Loan Party 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.

10.03 Exculpatory Provisions.

     No Agent shall have any duties or obligations except those expressly set forth herein and
in the other Loan Documents. Without limiting the generality of the foregoing, each Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;

77

 

     (b) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby
or by the other Loan Documents that such 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 such
Agent shall not be required to take any action that, in its opinion or the opinion of its
counsel, may expose such Agent to liability or that is contrary to any Loan Document or
applicable Law; and

     (c) shall not, except as expressly set forth herein and in the other Loan Documents,
have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to any Loan Party or any of its Affiliates that is communicated to or
obtained by the Person serving as such Agent or any of its Affiliates in any capacity.

     No Agent shall be liable for any action taken or not taken by it (i) with the consent or at
the request of the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances
as provided in Sections 11.01 and 9.02) or (ii) in the absence of its own gross
negligence or willful misconduct. No Agent shall be deemed to have knowledge of any Default unless
and until notice describing such Default is given to such Agent by the Borrower, a Lender, the L/C
Issuer or another Agent.

     No Agent 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 (v) the
satisfaction of any condition set forth in Article V or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to such Agent.

10.04 Reliance by Agents.

     The Agents shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument, document or other writing
(including any electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. The Agents also may rely upon any statement made to it orally or by telephone and believed
by it to have been made by the proper Person, and shall not incur any liability for relying
thereon. In determining compliance with any condition hereunder to the making of a Loan, or the
issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender
or the L/C Issuer, each Agent may presume that such condition is satisfactory to such Lender or the
L/C Issuer unless such Agent shall have received notice to the contrary from such Lender or the L/C
Issuer prior to the making of such Loan or the issuance of such Letter of Credit. Each 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.

10.05 Delegation of Duties.

     Each 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
such Agent. Any 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

78

 

apply to any such sub-agent and to the Related Parties of each 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 an Agent.

10.06 Resignation of Agents.

     Any Agent may at any time give notice of its resignation to the Lenders, the L/C Issuer
and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have
the right (with, so long as no Default or Event of Default exists, the consent of the Borrower,
which shall not be unreasonably withheld or delayed) to appoint a successor, which shall be a bank
with an office in the United States, or an Affiliate of any such bank with an office in the United
States or another entity a material business of which is or will be providing administrative agency
services. If no such successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Agent gives notice of its resignation,
then the retiring Agent may on behalf of the Lenders and the L/C Issuer (with, so long as no
Default or Event of Default exists, the consent of the Borrower, which shall not be unreasonably
withheld or delayed), appoint a successor Agent meeting the qualifications set forth above;
provided that if the retiring Agent shall notify the Borrower and the Lenders that no
qualifying Person has accepted such appointment, then such resignation shall nonetheless become
effective in accordance with such notice and (1) the retiring Agent shall be discharged from its
duties and obligations hereunder and under the other Loan Documents (except that in the case of any
collateral security held by such Agent on behalf of the L/C Issuer under any of the Loan Documents,
the retiring Agent shall transfer such collateral security to the other Agent or, if unable to do
so, continue to hold such collateral security until such time as a successor Agent is appointed)
and (2) all payments, communications and determinations provided to be made by, to or through such
Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time as
the Required Lenders appoint a successor Agent as provided for above in this Section. Upon the
acceptance of a successor’s appointment as an Agent hereunder, such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring (or retired)
Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder
or under the other Loan Documents (if not already discharged therefrom as provided above in this
Section). The fees payable by the Borrower to a successor Agent shall be the same as those payable
to its predecessor unless otherwise agreed between the Borrower and such successor. After the
retiring Agent’s resignation hereunder and under the other Loan Documents, the provisions of this
Article and Sections 11.04 and 11.05 shall continue in effect for the benefit of
such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while the retiring Agent was acting as an Agent.

     In addition, at any time any Lender serving as an Agent becomes a Defaulting Lender or
Impacted Lender or a Distress Event occurs with respect to such Lender (each, a “Defaulting
Agent”), then, during the Default Period, the Borrower (so long as no Default or Event of
Default has occurred and is continuing) or the Required Lenders may, but shall not be required to,
direct such Defaulting Agent to resign as Agent, and upon the direction of the Borrower (so long as
no Default or Event of Default has occurred and is continuing) or the Required Lenders, as the case
may be, such Defaulting Agent shall be required to so resign, in accordance with the terms of this
Section 10.06. Such resigning Defaulting Agent shall cooperate reasonably and in good
faith to effectuate the transfer of the agency to the successor Agent appointed in accordance with
the terms of this Section 10.06, including the execution and delivery of such assignments,
modifications, documents, certificates and further assurances as such successor Agent may
reasonably request.

     Any resignation by KeyBank as a Paying Agent pursuant to this Section shall also constitute
its resignation as L/C Issuer and Swing Line Lender. Upon the acceptance of a successor’s
appointment as the Paying Agent hereunder, (a) such successor shall succeed to and become vested
with all of the rights,

79

 

powers, privileges and duties of the retiring L/C Issuer and Swing Line Lender, (b) the
retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties
and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall
issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time
of such succession or make other arrangements satisfactory to the retiring L/C Issuer to
effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of
Credit.

10.07 Non-Reliance on Agents and Other Lenders.

     Each Lender and the L/C Issuer acknowledges that it has, independently and without
reliance upon any Agent or any other Lender or any of their Related Parties and based on such
documents and information as it has deemed appropriate, made its own credit analysis and decision
to enter into this Agreement. Each Lender and the L/C Issuer also acknowledges that it will,
independently and without reliance upon any Agent or any other Lender or any of their Related
Parties and based on such documents and information as it shall from time to time deem appropriate,
continue to make its own decisions in taking or not taking action under or based upon this
Agreement, any other Loan Document or any related agreement or any document furnished hereunder or
thereunder.

10.08 No Other Duties; Etc.

     Anything herein to the contrary notwithstanding, none of the bookrunners, arrangers,
syndication agents, documentation agents or co-agents shall have any powers, duties or
responsibilities under this Agreement or any of the other Loan Documents, except in its capacity,
as applicable, as the applicable Agent, a Lender or the L/C Issuer hereunder.

10.09 Agents May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any
Loan Party, the Co-Administrative Agents (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 Co-Administrative Agents 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 the Lenders, the L/C Issuer and the Agents (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer
and the Agents and their respective agents and counsel and all other amounts due the
Lenders, the L/C Issuer and the Agents under Sections 2.03(i) and (j),
2.09, 11.04 and 11.05) allowed in such judicial proceeding; and

     (b) to collect and receive any monies or other property payable or deliverable on any
such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such
payments to the Paying Agent and, in the event that the Paying Agent shall consent to the making of
such payments directly to the Lenders and the L/C Issuer, to pay to the Paying Agent any amount due
for the reasonable

80

 

compensation, expenses, disbursements and advances of the Agents and their respective agents and
counsel, and any other amounts due the Agents under Sections 2.09, 11.04 and
11.05.

     Nothing contained herein shall be deemed to authorize the Co-Administrative Agents to
authorize or consent to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of
reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of
any Lender or to authorize the Co-Administrative Agents to vote in respect of the claim of any
Lender in any such proceeding.

10.10 Guaranty Matters.

     Each of the Lenders and the L/C Issuer irrevocably authorize the Co-Administrative
Agents, at their option and in their discretion, to release any Guarantor from its obligations
under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted
hereunder. Upon request by the Co-Administrative Agents at any time, the Required Lenders will
confirm in writing the Co-Administrative Agents’ authority to release any Guarantor from its
obligations under the Guaranty, pursuant to this Section 10.10. In each case as specified
in this Section 10.10, the Co-Administrative Agents will, at the Borrower’s reasonable
expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may
reasonably request to release such Guarantor from its obligations under the Guaranty in accordance
with the terms of the Loan Documents and this Section 10.10.

ARTICLE XI

MISCELLANEOUS

11.01 Amendments, Etc.

     No amendment or waiver of any provision of this Agreement or any other Loan Document, and
no consent to any departure by the 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 Co-Administrative Agents, and each such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given;
provided, however, that no such amendment, waiver or consent shall:

     (a) extend or increase the Commitment of any Lender (or reinstate any Commitment
terminated pursuant to Section 9.02) without the written consent of such Lender;

     (b) postpone any date scheduled for any payment of principal or interest under
Section 2.07 or 2.08, or any date fixed for the payment of fees or other
amounts due to the Lenders (or any of them) hereunder or under any other Loan Document
without the written consent of each Lender directly affected thereby;

     (c) reduce the principal of, or the rate of interest specified herein on, any Loan or
L/C Borrowing, or (subject to clause (v) of the second proviso to this Section
11.01) any fees or other amounts payable hereunder or under any other Loan Document
without the written consent of each Lender directly affected thereby; provided,
however, that only the consent of the Required Lenders shall be necessary (i) to
amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay
interest or Letter of Credit Fees at the Default Rate or (ii) to amend any financial
covenant hereunder (or any defined term used therein) even if the effect of such amendment
would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee
payable hereunder;

81

 

     (d) change any provision of this Section 11.01 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, without the written consent of each Lender;

     (e) release all or substantially all the Guarantors, from its or their obligations
under the Loan Documents without the written consent of each Lender, except to the extent
the release of any such Guarantor is permitted pursuant to Section 10.10 (in which
case such release may be made by the Co-Administrative Agents alone);

     (f) amend Section 2.13 or 9.03, without the written consent of each
Lender directly affected thereby; or

     (g) amend the definition of “Committed Currencies” without the written consent of each
Lender;

and provided further that (i) no amendment, waiver or consent shall, unless in
writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights
or duties of the L/C Issuer under this Agreement or any Letter of Credit Application relating to
any Letter of Credit issued, deemed issued, or to be issued by the L/C Issuer; (ii) no amendment,
waiver or consent shall, unless in writing and signed by the Swing Line Lender in addition to the
Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement;
(iii) no amendment, waiver or consent shall, unless in writing and signed by an Agent in addition
to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable
to, such Agent under this Agreement or any other Loan Document; (iv) Section 11.07(h) may
not be amended, waived or otherwise modified without the consent of each Granting Lender all or any
part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other
modification; and (v) the Bank of America Fee Letter and KeyBank Fee Letter may be amended, or
rights or privileges thereunder waived, in a writing executed only by the parties thereto.
Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to
approve or disapprove any amendment, waiver or consent hereunder, except that (i) the Commitment of
such Lender may not be increased or extended without the consent of such Lender, (ii) the date for
payment of principal or interest owing to any Defaulting Lender may not be extended, the amount of
or the rate of interest owing to a Defaulting Lender or any fee payable to a Defaulting Lender may
not be reduced without the consent of such Defaulting Lender and (iii) any amendment, waiver or
consent requiring the consent of all Lenders or each affected Lender that by its terms affects any
Defaulting Lender in a manner that is materially and disproportionately adverse to such Defaulting
Lender compared with other affected Lenders shall require the consent of such Defaulting Lender.

11.02 Notices and Other Communications; Facsimile Copies.

     (a) General. Unless otherwise expressly provided herein, all notices and other
communications provided for hereunder or in any other Loan Document shall be in writing (including
by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the
applicable address, facsimile number or (subject to Section 11.02(c)) electronic mail
address, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable telephone number, as follows:

     (i) if to the Borrower, any Agent, the L/C Issuer or the Swing Line Lender, to the
address, facsimile number, electronic mail address or telephone number specified for such
Person on Schedule 11.02 or to such other address, facsimile number, electronic mail
address or telephone number as shall be designated by such party in a notice to the other
parties; and

82

 

     (ii) if to any other Lender, to the address, facsimile number, electronic mail address
or telephone number specified in its Administrative Questionnaire (including, as
appropriate, notices delivered solely to the Person designated by a Lender on its
Administrative Questionnaire then in effect for the delivery of notices that may contain
material non-public information relating to the Borrower) or to such other address,
facsimile number, electronic mail address or telephone number as shall be designated by such
party in a notice to the Borrower, the Agents, the L/C Issuer and the Swing Line Lender .

All such notices and other communications shall be deemed to be given or made upon the earlier to
occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by
courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail,
four Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when
sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which
form of delivery is subject to the provisions of Section 11.02(c)), when delivered;
provided, however, that notices and other communications to the Agents, the L/C
Issuer and the Swing Line Lender pursuant to Article II shall not be effective until actually
received by such Person. In no event shall a voicemail message be effective as a notice,
communication or confirmation hereunder.

     (b) Electronic Communications. Notices and other communications to the Lenders and
the L/C Issuer hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by the Co-Administrative
Agents (which include those set forth in the penultimate paragraph of Section 7.02),
provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer
pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the
Co-Administrative Agents that it is incapable of receiving notices under such Article by electronic
communication. The Co-Administrative Agents or the Borrower may, in their 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.

     Subject to the penultimate paragraph of Section 7.02, unless the Co-Administrative
Agents otherwise prescribes, (i) notices and other communications sent to an e-mail address shall
be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient
(such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement), provided that if such notice or other communication is not sent during
the normal business hours of the recipient, such notice or communication shall be deemed to have
been sent at the opening of business on the next business day for the recipient, and (ii) notices
or communications posted to an Internet or intranet website shall be deemed received upon the
deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website
address therefor.

     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR
THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE
BORROWER MATERIALS OR THE PLATFORM. In no event shall the Co-Administrative Agents or any of its
Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any
Lender, the L/C Issuer or any other Person for losses, claims, damages,

83

 

liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of
the Borrower’s or the Co-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, the L/C Issuer or any other Person for indirect, special, incidental, consequential or
punitive damages (as opposed to direct or actual damages).

     (d) Change of Address, Etc. Each of the Borrower, each Agent, the L/C Issuer and the
Swing Line Lender may change its address, telecopier or telephone number for notices and other
communications hereunder by notice to the other parties hereto (or, in the case of the Borrower, to
the Co-Administrative Agents). Each other Lender may change its address, telecopier or telephone
number for notices and other communications hereunder by notice to the Borrower, the Agents, the
L/C Issuer and the Swing Line Lender. In addition, each Lender agrees to notify the Agents from
time to time to ensure that the Agents have on record (i) an effective address, contact name,
telephone number, telecopier number and electronic mail address to which notices and other
communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each
Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at
all times have selected the “Private Side Information” or similar designation on the content
declaration screen of the Platform in order to enable such Public Lender or its delegate, in
accordance with such Public Lender’s compliance procedures and applicable Law, including United
States Federal and state securities Laws, to make reference to Borrower Materials that are not made
available through the “Public Side Information” portion of the Platform and that may contain
material non-public information with respect to the Borrower or its securities for purposes of
United States Federal or state securities laws.

     (e) Reliance by Agents, L/C Issuer and Lenders. The Agents, the L/C Issuer and the
Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan
Notices and Swing Line Loan Notices) purportedly given by or on behalf of any Loan Party even if
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. The Loan Parties shall indemnify each
Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs,
expenses and liabilities resulting from the reliance by such Person on each notice purportedly
given by or on behalf of a Loan Party. All telephonic notices to and other telephonic
communications with any Agent may be recorded by such Agent, and each of the parties hereto hereby
consents to such recording.

11.03 No Waiver; Cumulative Remedies; Enforcement.

     No failure by any Lender, the L/C Issuer or any Agent to exercise, and no delay by any
such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan
Document 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, and as provided under each other Loan Document, 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, each Agent
in accordance with Section 10.01 for the benefit of all the Lenders and the L/C Issuer;
provided, however, that the foregoing shall not prohibit (a) any Agent from
exercising on its own behalf the rights and remedies that inure to its

84

 

benefit (solely in its capacity as an Agent) hereunder and under the other Loan Documents, (b)
the L/C Issuer or the Swing Line Lender from exercising the rights and remedies that inure to its
benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder
and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with
Section 11.09 (subject to the terms of Section 2.13), or (d) any Lender from filing
proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a
proceeding relative to any Loan Party under any Debtor Relief Law; and provided,
further, that if at any time there is no Person acting as the applicable Agent hereunder
and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise
ascribed to such Agent pursuant to Section 10.01 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.

11.04 Attorney Costs, Expenses and Taxes.

     The Borrower agrees (a) to pay or reimburse each Agent for all reasonable costs and
expenses incurred in connection with the development, preparation, negotiation, syndication and
execution of this Agreement and the other Loan Documents, and any amendment, waiver, consent or
other modification of the provisions hereof and thereof (whether or not the transactions
contemplated hereby or thereby are consummated), and the consummation and administration of the
transactions contemplated hereby and thereby, including all Attorney Costs incurred by such Agents,
and (b) to pay or reimburse each Agent and each Lender for all reasonable costs and expenses
incurred in connection with the enforcement of any rights or remedies under this Agreement or the
other Loan Documents (including all such costs and expenses incurred during any legal proceeding,
including any proceeding under any Debtor Relief Law), including all Attorney Costs incurred by
each Agent and each Lender. The foregoing costs and expenses shall include all search, filing,
recording, title insurance and appraisal charges and fees and taxes related thereto, and other
out-of-pocket expenses incurred by the Co-Administrative Agents and the cost of independent public
accountants and other outside experts retained by the Co-Administrative Agents or any Lender. All
amounts due under this Section 11.04 shall be payable within 30 days after demand therefor,
which demand shall be accompanied by an appropriate invoice. The agreements in this Section
11.04 shall survive the termination of the Aggregate Commitments and repayment of all other
Obligations. If any Loan Party fails to pay when due any costs, expenses or other amounts payable
by it hereunder or under any Loan Document, including, without limitation, Attorney Costs and
indemnities, such amount may be paid on behalf of such Loan Party by any Agent or any Lender, in
its sole discretion.

11.05 Indemnification by the Borrower.

     (a) Whether or not the transactions contemplated hereby are consummated, the Borrower
shall indemnify and hold harmless each Agent, each Related Party, each Lender and their respective
Affiliates, directors, officers, employees, counsel, agents and attorneys-in-fact (collectively the
“Indemnitees”) from and against any and all liabilities, obligations, losses, damages,
penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements (including
Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by
or asserted against any such Indemnitee in any way relating to or arising out of or in connection
with (a) the execution, delivery, enforcement, performance or administration of any Loan Document
or any other agreement, letter or instrument delivered in connection with the transactions
contemplated thereby or the consummation of the transactions contemplated thereby, (b) any
Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom
(including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit
issued (or deemed issued) by the L/C Issuer if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit), (c) any actual or alleged
presence or release of Hazardous Materials on or from any property currently or

85

 

formerly owned or operated by the Borrower, any Subsidiary or any other Loan Party, or any
Environmental Liability related in any way to the Borrower, any Subsidiary or any other Loan Party,
or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory (including any investigation of,
preparation for, or defense of any pending or threatened claim, investigation, litigation or
proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing,
collectively, the “Indemnified Liabilities”), in all cases, whether or not caused by or
arising, in whole or in part, out of the negligence of the Indemnitee; provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities,
obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs,
expenses or disbursements 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. No Indemnitee shall be liable for any damages arising from the use by others of any
information or other materials obtained through IntraLinks or other similar information
transmission systems in connection with this Agreement, nor shall any Indemnitee have any liability
for any indirect, consequential, special or punitive damages relating to this Agreement or any
other Loan Document or arising out of its activities in connection herewith or therewith (whether
before or after the Closing Date). In the case of an investigation, litigation or other proceeding
to which the indemnity in this Section 11.05 applies, such indemnity shall be effective
whether or not such investigation, litigation or proceeding is brought by any Loan Party, its
directors, shareholders or creditors or an Indemnitee or any other Person, whether or not any
Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated
hereunder or under any of the other Loan Documents is consummated. All amounts due under this
Section 11.05 shall be payable within 30 days after demand therefor, which demand shall be
accompanied by an appropriate invoice. The agreements in this Section 11.05 shall survive
the resignation of any Agent, the replacement of any Lender, the termination of the Aggregate
Commitments and the repayment, satisfaction or discharge of all the other Obligations.

     (b) Reimbursement by Lenders. To the extent that the Loan Parties for any reason fail
to indefeasibly pay any amount required under subsection (a) of this Section to be paid by them to
any Agent (or any sub-agent thereof), the L/C Issuer or any Related Party of any of the foregoing
(and without limiting the obligation of any of them), each Lender severally agrees to pay to such
Agent (or any such sub-agent), the L/C Issuer 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) 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 any Agent (or any such sub-agent) or the L/C Issuer in its capacity as such,
or against any Related Party of any of the foregoing acting for such Agent (or any such sub-agent)
or L/C Issuer in connection with such capacity. The obligations of the Lenders under this
subsection (b) are subject to the provisions of Section 2.12(e).

11.06 Payments Set Aside.

     To the extent that any payment by or on behalf of the Borrower is made to any Agent or
any Lender, or any Agent 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 such
Agent 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 severally agrees to pay to the Paying Agent upon demand its
applicable share of any amount so recovered from or repaid by any Agent, plus interest thereon from
the date of such demand to the date such payment is made at a rate per annum equal to the Federal
Funds Rate from time to time in effect.

86

 

11.07 Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Agreement and the
other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and
thereto and their respective successors and assigns permitted hereby, except that the Borrower may
not assign or otherwise transfer any of its rights or obligations hereunder or thereunder without
the prior written consent of the Paying Agent and each Lender and no Lender may assign or otherwise
transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in
accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in
accordance with the provisions of subsection (d) of this Section, (iii) by way of pledge or
assignment of a security interest subject to the restrictions of subsection (f) of this Section or
(iv) to an SPC in accordance with the provisions of subsection (h) of this Section (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby,
the Related Parties of each of the Paying Agent, the L/C Issuer and the Lenders) any legal or
equitable right, remedy or claim under or by reason of this Agreement.

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement and the other Loan
Documents (including all or a portion of its Commitment and the Loans (including for purposes of
this subsection (b), participations in 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 and the Loans at the time owing to it or in the case
of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no
minimum amount need be assigned; and

     (B) in any case not described in subsection (b)(i)(A) of this Section, the
aggregate amount of the Commitment (which for this purpose includes Loans
outstanding thereunder) or, if the Commitment is not then in effect, the principal
outstanding balance of the Loans of the assigning Lender subject to each such
assignment, determined as of the date the Assignment and Assumption with respect to
such assignment is delivered to the Paying 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 Paying 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 assignee (or to an assignee and
members of its Assignee Group) will be treated as a single assignment for purposes
of determining whether such minimum amount has been met;

     (ii) Required Consents. No consent shall be required for any assignment except
to the extent required by subsection (b)(i)(B) 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

87

 

continuing at the time of such assignment or (2) such assignment is to a
Lender, an Affiliate of a Lender or an Approved Fund;

     (B) the consent of the Paying Agent (such consent not to be unreasonably
withheld or delayed) shall be required for assignments in respect of any Commitment
if such assignment is to a Person that is not a Lender with a Commitment in respect
of the Commitment subject to such assignment, an Affiliate of such Lender or an
Approved Fund with respect to such Lender;

     (C) the consent of the L/C Issuer (such consent not to be unreasonably withheld
or delayed) shall be required for any assignment that increases the obligation of
the assignee to participate in exposure under one or more Letters of Credit (whether
or not then outstanding); and

     (D) the consent of the Swing Line Lender (such consent not to be unreasonably
withheld or delayed) shall be required for any assignment in respect of the
Revolving Commitment if such assignment is to a Person that is not a Lender with a
Revolving Commitment, an Affiliate of such Lender or an Approved Fund with respect
to such Lender.

     (iii) Assignment and Assumption. The parties to each assignment shall execute
and deliver to the Paying Agent an Assignment and Assumption, together with a processing and
recordation fee in the amount of $3,500; provided, however, that the Paying
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 Paying
Agent an Administrative Questionnaire.

     (iv) No Assignment to Borrower. No such assignment shall be made to the
Borrower or any of the Borrower’s Affiliates or Subsidiaries.

     (v) No Assignment to Natural Persons. No such assignment shall be made to a
natural person.

     (vi) No Assignment to Defaulting Lenders or Impacted Lenders. No such
assignment shall be made to any Defaulting Lender or any Impacted Lender.

Subject to acceptance and recording thereof by the Paying 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, 11.04 and
11.05 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. Each partial assignment, other than of rights and obligations in
respect of Swing Line Loans, shall be

88

 

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.

     (c) Register. The Paying Agent, acting solely for this purpose as an agent of the
Borrower (and such agency being solely for tax purposes), shall maintain at the Paying Agent’s
Office a copy of each Assignment and Assumption delivered to it and a register for the recordation
of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the
Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive, and the Borrower, the Agents
and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. In addition, the Administrative Agent shall maintain on the Register information
regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender or
an Impacted Lender of which it has received notice. The Register shall be available for inspection
by the Borrower, any Agent 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 Paying Agent, sell participations to any Person (other than 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 the Loans (including such Lender’s
participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i)
such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Agents, the other Lenders and the L/C Issuer shall continue to deal solely
and directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement.

     Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in the first proviso of
Section 11.01(a) 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. To the extent permitted by
law, each Participant also shall be entitled to the benefits of Section 11.09 as though it
were a Lender, provided 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 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 this Agreement (the “Participant Register”);
provided, however, that no Lender shall have any obligation to disclose all or any
portion of the Participant Register to any Person (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 the Loan Documents) 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.

89

 

     (e) Limitations on 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. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to
the benefits of Section 3.01 unless the Borrower is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrower, to comply with
Section 11.15 as though it were a Lender.

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

     (g) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time KeyBank assigns all of its Commitment and
Loans pursuant to subsection (b) above, KeyBank may, (i) upon thirty days’ notice to the Borrower
and the Lenders, resign as L/C Issuer and/or (ii) upon thirty days’ notice to the Borrower, resign
as 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 Lenders a successor L/C Issuer or Swing Line
Lender hereunder; provided, however, that no failure by the Borrower to appoint any
such successor shall affect the resignation of KeyBank as L/C Issuer or Swing Line Lender, as the
case may be. If KeyBank resigns as L/C Issuer, it shall retain all the rights, powers, privileges
and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the
effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto
(including the right to require the Lenders to make Base Rate Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c)). If KeyBank resigns as Swing Line
Lender, it shall retain all the rights, powers, privileges and duties 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, (1) 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 (2) 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 KeyBank to effectively
assume the obligations of KeyBank with respect to such Letters of Credit.

     (h) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle identified as such in writing from time
to time by the Granting Lender to the Paying Agent and the Borrower (an “SPC”) the option
to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to
make pursuant to this Agreement; provided that (i) nothing herein shall constitute a
commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or
otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to
make such Loan pursuant to the terms hereof. Each party hereto hereby agrees that (i) neither the
grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or
otherwise increase or change the obligations of the Borrower under this Agreement (including its
obligations under Section 3.04), (ii) no SPC shall be liable for any indemnity or similar
payment obligation under this Agreement for which a Lender would be liable, and (iii) the Granting
Lender shall for all purposes, including the approval of any amendment, waiver or other
modification of any provision of any Loan Document, remain the lender of record hereunder. The
making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the
same extent, and as if, such Loan were made by such Granting Lender. In furtherance of the
foregoing, each

90

 

party hereto hereby agrees (which agreement shall survive the termination of this Agreement)
that, prior to the date that is one year and one day after the payment in full of all outstanding
commercial paper or other senior debt of any SPC, it will not institute against, or join any other
Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or
liquidation proceeding under the Laws of the United States or any State thereof. Notwithstanding
anything to the contrary contained herein, any SPC may (i) with notice to, but without prior
consent of the Borrower and the Paying Agent and with the payment of a processing fee of $3,500,
assign all or any portion of its right to receive payment with respect to any Loan to the Granting
Lender and (ii) disclose on a confidential basis any non-public information relating to its funding
of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or
credit or liquidity enhancement to such SPC.

11.08 Confidentiality.

     Each of the Agents and the Lenders agrees to maintain the confidentiality of the
Information, except that Information may be disclosed (a) to its and its Affiliates’ directors,
officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential
nature of such Information and instructed to keep such Information confidential); (b) to the extent
requested by any regulatory authority; (c) to the extent required by applicable Laws or regulations
or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) in
connection with the exercise of any remedies hereunder or any suit, action or proceeding relating
to this Agreement or the enforcement of rights hereunder; (f) to (i) any Eligible Assignee of or
Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or
obligations under this Agreement or (ii) any direct or indirect contractual counterparty or
prospective counterparty (or such contractual counterparty’s or prospective counterparty’s
professional advisor) to any credit derivative transaction relating to obligations of the Loan
Parties; (g) with the consent of the Borrower; (h) to the extent such Information (i) becomes
publicly available other than as a result of a breach of this Section 11.08 or (ii) becomes
available to any Agent or any Lender on a nonconfidential basis from a source other than the
Borrower; (i) to any state, Federal or foreign authority or examiner (including the National
Association of Insurance Commissioners or any other similar organization) regulating, or any
self-regulatory body having or claiming authority to regulate or oversee, any Lender or any
Affiliate of a Lender; or (j) to any rating agency when required by it (it being understood that,
prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of
any Information relating to the Loan Parties received by it from such Lender). In addition, the
Agents and the Lenders may disclose the existence of this Agreement and information about this
Agreement to market data collectors, similar service providers to the lending industry, and service
providers to the Agents and the Lenders in connection with the administration and management of
this Agreement, the other Loan Documents, the Commitments, and the Credit Extensions. For the
purposes of this Section 11.08, “Information” means all information received from
any Loan Party relating to any Loan Party or its business, other than any such information that is
available to any Agent or any Lender on a nonconfidential basis prior to disclosure by any Loan
Party. Any Person required to maintain the confidentiality of Information as provided in this
Section 11.08 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.

11.09 Setoff.

     In addition to any rights and remedies of the Lenders provided by law, upon the
occurrence and during the continuance of any Event of Default, each Lender and each of their
respective Affiliates is authorized at any time and from time to time, without prior notice to the
Borrower or any other Loan Party, any such notice being waived by the Borrower (on its own behalf
and on behalf of each Loan Party) to the fullest extent permitted by law, to set off and apply any
and all deposits (general or special,

91

 

time or demand, provisional or final) at any time held by, and other Indebtedness at any time
owing by, such Lender to or for the credit or the account of the respective Loan Parties against
any and all Obligations owing to such Lender hereunder or under any other Loan Document, now or
hereafter existing, irrespective of whether or not such Agent or such Lender shall have made demand
under this Agreement or any other Loan Document and although such Obligations may be contingent or
unmatured or denominated in a currency different from that of the applicable deposit or
Indebtedness. Each Lender agrees promptly to notify the Borrower and the Paying Agent after any
such setoff and application made by such Lender; provided, however, that the
failure to give such notice shall not affect the validity of such setoff and application. The
rights of each Agent and each Lender and their respective Affiliates under this Section
11.09 are in addition to other rights and remedies (including, without limitation, other rights
of setoff) that such Agent, such Lender and their respective Affiliates may have.

11.10 Interest Rate Limitation.

     Notwithstanding anything to the contrary contained in any Loan Document, the interest
paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of
non-usurious interest permitted by applicable Law (the “Maximum Rate”). If any Agent or
any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest
shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to
the Borrower. In determining whether the interest contracted for, charged, or received by an Agent
or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law,
(a) characterize any payment that is not principal as an expense, fee, or premium rather than
interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate,
allocate, and spread in equal or unequal parts the total amount of interest throughout the
contemplated term of the Obligations hereunder.

11.11 Counterparts.

     This Agreement and each other Loan Document may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. Delivery by telecopier of an executed counterpart of a signature page to this
Agreement and each other Loan Document shall be effective as delivery of an original executed
counterpart of this Agreement and such other Loan Document. The Co-Administrative Agents may also
require that any such documents and signatures delivered by telecopier be confirmed by a
manually-signed original thereof; provided that the failure to request or deliver the same
shall not limit the effectiveness of any document or signature delivered by telecopier.

11.12 Integration.

     This Agreement, together with the other Loan Documents, comprises the complete and
integrated agreement of the parties on the subject matter hereof and thereof and supersedes all
prior agreements, written or oral, on such subject matter. In the event of any conflict between
the provisions of this Agreement and those of any other Loan Document, the provisions of this
Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of
the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with this
Agreement. Each Loan Document was drafted with the joint participation of the respective parties
thereto and shall be construed neither against nor in favor of any party, but rather in accordance
with the fair meaning thereof.

11.13 Survival of Representations and Warranties.

     All representations and warranties made hereunder and in any other Loan Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive
the

92

 

execution and delivery hereof and thereof. Such representations and warranties have been or
will be relied upon by each Agent and each Lender, regardless of any investigation made by any
Agent or any Lender or on their behalf and notwithstanding that any Agent or any Lender may have
had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in
full force and effect until such time as the Obligations have been Fully Satisfied.

11.14 Severability.

     If any provision of this Agreement or the other Loan Documents is held to be illegal,
invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions
of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b)
the parties shall endeavor in good faith negotiations to replace the illegal, invalid or
unenforceable provisions with valid provisions the economic effect of which comes as close as
possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a
provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction. Without limiting the foregoing provisions of this Section 11.14,
if and to the extent that the enforceability of any provisions in this Agreement relating to
Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the
Administrative Agent, the L/C Issuer or the Swing Line Lender, as applicable, then such provisions
shall be deemed to be in effect only to the extent not so limited.

11.15 Tax Forms.

(a) (i) Each Lender that is not a “United States person” within the meaning of Section
7701(a)(30) of the Code (a “Foreign Lender”) shall deliver to the Paying Agent,
prior to receipt of any payment subject to withholding under the Code (or upon accepting an
assignment of an interest herein), two duly signed completed copies of either IRS Form
W-8BEN or any successor thereto (relating to such Foreign Lender and entitling it to an
exemption from, or reduction of, withholding tax on all payments to be made to such Foreign
Lender by the Borrower pursuant to this Agreement) or IRS Form W-8ECI or any successor
thereto (relating to all payments to be made to such Foreign Lender by the Borrower pursuant
to this Agreement) or such other evidence satisfactory to the Borrower and the Paying Agent
that such Foreign Lender is entitled to an exemption from, or reduction of, U.S. withholding
tax, including any exemption pursuant to Section 881(c) of the Code. Thereafter and from
time to time, each such Foreign Lender shall (A) promptly submit to the Paying Agent such
additional duly completed and signed copies of one of such forms (or such successor forms as
shall be adopted from time to time by the relevant United States taxing authorities) as may
then be available under then current United States laws and regulations to avoid, or such
evidence as is satisfactory to the Borrower and the Paying Agent of any available exemption
from or reduction of, United States withholding taxes in respect of all payments to be made
to such Foreign Lender by the Borrower pursuant to this Agreement, (B) promptly notify the
Paying Agent of any change in circumstances which would modify or render invalid any claimed
exemption or reduction, and (C) take such steps as shall not be materially disadvantageous
to it, in the reasonable judgment of such Lender, and as may be reasonably necessary
(including the re-designation of its Lending Office) to avoid any requirement of applicable
Laws that the Borrower make any deduction or withholding for taxes from amounts payable to
such Foreign Lender.

     (ii) Each Foreign Lender, to the extent it does not act or ceases to act for its own
account with respect to any portion of any sums paid or payable to such Lender under any of
the Loan Documents (for example, in the case of a typical participation by such Lender),
shall deliver to the Paying Agent on the date when such Foreign Lender ceases to act for its
own account with respect to any portion of any such sums paid or payable, and at such other
times as may be

93

 

necessary in the determination of the Paying Agent (in the reasonable exercise of its
discretion), (A) two duly signed completed copies of the forms or statements required to be
provided by such Lender as set forth above, to establish the portion of any such sums paid
or payable with respect to which such Lender acts for its own account that is not subject to
U.S. withholding tax, and (B) two duly signed completed copies of IRS Form W-8IMY (or any
successor thereto), together with any information such Lender chooses to transmit with such
form, and any other certificate or statement of exemption required under the Code, to
establish that such Lender is not acting for its own account with respect to a portion of
any such sums payable to such Lender.

     (iii) The Borrower shall not be required to pay any additional amount to any Foreign
Lender under Section 3.01 (A) with respect to any Taxes required to be deducted or
withheld on the basis of the information, certificates or statements of exemption such
Lender transmits with an IRS Form W-8IMY pursuant to this Section 11.15(a) or (B) if
such Lender shall have failed to satisfy the foregoing provisions of this Section
11.15(a); provided that if such Lender shall have satisfied the requirement of
this Section 11.15(a) on the date such Lender became a Lender or ceased to act for
its own account with respect to any payment under any of the Loan Documents, nothing in this
Section 11.15(a) shall relieve the Borrower of its obligation to pay any amounts
pursuant to Section 3.01 in the event that, as a result of any change in any
applicable Law, treaty or governmental rule, regulation or order, or any change in the
interpretation, administration or application thereof, such Lender is no longer properly
entitled to deliver forms, certificates or other evidence at a subsequent date establishing
the fact that such Lender or other Person for the account of which such Lender receives any
sums payable under any of the Loan Documents is not subject to withholding or is subject to
withholding at a reduced rate.

     (iv) The Paying Agent may, without reduction, withhold any Taxes required to be
deducted and withheld from any payment under any of the Loan Documents with respect to which
the Borrower is not required to pay additional amounts under this Section 11.15(a).

     (b) Upon the request of the Paying Agent, each Lender that is a “United States person” within
the meaning of Section 7701(a)(30) of the Code shall deliver to the Paying Agent two duly signed
completed copies of IRS Form W-9. If such Lender fails to deliver such forms, then the Paying
Agent may withhold from any interest payment to such Lender an amount equivalent to the applicable
back-up withholding tax imposed by the Code, without reduction.

     (c) If any Governmental Authority asserts that the Paying Agent did not properly withhold or
backup withhold, as the case may be, any tax or other amount from payments made to or for the
account of any Lender, such Lender shall indemnify the Paying Agent therefor, including all
penalties and interest, any taxes imposed by any jurisdiction on the amounts payable to the Paying
Agent under this Section 11.15, and costs and expenses (including Attorney Costs) of the
Paying Agent. The obligation of the Lenders under this Section 11.15 shall survive the
termination of the Aggregate Commitments, repayment of all other Obligations hereunder and the
resignation of the Paying Agent.

11.16 Replacement of Lenders.

     Under any circumstances set forth herein providing that the Borrower shall have the right
to replace a Lender as a party to this Agreement, the Borrower may, upon notice to such Lender and
the Paying Agent, replace such Lender by causing such Lender to assign its Commitment (with the
assignment fee to be paid by the Borrower in such instance) pursuant to Section 11.07(b) to
one or more other Lenders or Eligible Assignees procured by the Borrower; provided,
however, that if the Borrower elects to exercise such right with respect to any Lender
pursuant to Section 3.06(b), it shall be obligated to replace all Lenders that have made
similar requests for compensation pursuant to Section 3.01 or 3.04.

94

 

The Borrower shall (x) pay in full all principal, accrued interest, accrued fees and other
amounts owing to such Lender through the date of replacement (including any amounts payable
pursuant to Section 3.05), (y) provide appropriate assurances and indemnities (which may
include letters of credit) to the L/C Issuer and the Swing Line Lender as each may reasonably
require with respect to any continuing obligation to fund participation interests in any L/C
Obligations or any Swing Line Loans then outstanding, and (z) release such Lender from its
obligations under the Loan Documents. Any Lender being replaced shall execute and deliver an
Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans and
participations in L/C Obligations and Swing Line Loans.

11.17 Judgment.

     (a) If for the purposes of obtaining judgment in any court it is necessary to convert a
sum due hereunder in Dollars into another currency, the parties hereto agree, to the fullest extent
that they may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures Bank of America could purchase Dollars with such other
currency at Bank of America’s principal office in London at 5:00 p.m. on the Business Day preceding
that on which final judgment is given.

     (b) If for the purposes of obtaining judgment in any court it is necessary to convert a sum
due hereunder in a Committed Currency into Dollars, the parties agree to the fullest extent that
they may effectively do so, that the rate of exchange used shall be that at which in accordance
with normal banking procedures Bank of America could purchase such Committed Currency with Dollars
at Bank of America’s principal office in London at 5:00 p.m. on the Business Day preceding that on
which final judgment is given.

     (c) The obligation of the Borrower in respect of any sum due from it in any currency (the
“Primary Currency”) to any Lender or any Agent hereunder shall, notwithstanding any
judgment in any other currency, be discharged only to the extent that on the Business Day following
receipt by such Lender or such Agent (as the case may be), of any sum adjudged to be so due in such
other currency, such Lender or such Agent (as the case may be) may in accordance with normal
banking procedures purchase the applicable Primary Currency with such other currency. If the
amount of the applicable Primary Currency so purchased is less than such sum due to such Lender or
such Agent (as the case may be) in the applicable Primary Currency, the Borrower agrees, as a
separate obligation and notwithstanding any such judgment, to indemnify such Lender or such Agent
(as the case may be) against such loss, and if the amount of the applicable Primary Currency so
purchased exceeds such sum due to any Lender or any Agent (as the case may be) in the applicable
Primary Currency, such Lender or such Agent (as the case may be) agrees to remit to the Borrower
such excess.

11.18 Substitution of Currency.

     If a change in any Committed Currency occurs pursuant to any applicable Law, rule or
regulation of any governmental, monetary or multi-national authority, this Agreement (including,
clauses (a) and (c) of the definition of Eurocurrency Rate) will be amended to the extent
determined by the Paying Agent (acting reasonably and in consultation with the Borrower) to be
necessary to reflect the change in currency and to put the Lenders and the Borrower in the same
position, so far as possible, that they would have been in if no change in such Committed Currency
had occurred.

95

 

11.19 Governing Law.

     (a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT,
THE BORROWER, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO
THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, EACH AGENT AND EACH LENDER
IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE
GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION
OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
THERETO. THE BORROWER, EACH AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS,
COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH
STATE.

11.20 Waiver of Right to Trial by Jury.

     EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO
ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY
AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY
COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART
OR A COPY OF THIS SECTION 11.20 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE
SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

11.21 Binding Effect.

     This Agreement shall become effective when it shall have been executed by the Borrower
and the Co-Administrative Agents shall have been notified by each Lender, Swing Line Lender and the
L/C Issuer that each such Lender, the Swing Line Lender and the L/C Issuer has executed it and
thereafter shall be binding upon and inure to the benefit of the Borrower, each Agent and each
Lender and their respective successors and assigns, except that the Borrower shall not have the
right to assign its rights hereunder or any interest herein without the prior written consent of
the Lenders.

11.22 USA Patriot Act Notice.

     Each Lender that is subject to the Act (as hereinafter defined) and each
Co-Administrative Agent (for itself and not on behalf of any Lender) 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”), it is required to obtain, verify and record
information that identifies the Borrower, which information includes

96

 

the name and address of the Borrower and other information that will allow such Lender or such
Co-Administrative Agent, as applicable, to identify such Borrower in accordance with the Act.

11.23 Defaulting Lenders.

     Notwithstanding anything contained in this Agreement, if any Lender becomes a Defaulting
Lender, then, to the extent permitted by applicable Law,

     (a) during any Default Period with respect to such Defaulting Lender, 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 Section 11.01;

     (b) until such time as all Defaulting Credits with respect to such Defaulting Lender
shall have been funded or reduced to zero, any prepayment of the Loans shall be applied to
the Loans of other Lenders as if such Defaulting Lender had no Loans outstanding;

     (c) until such time as all Defaulted Payments with respect to such Defaulting Lender
shall have been paid, the Paying Agent shall apply any amounts thereafter received by the
Paying Agent for the account of such Defaulting Lender to satisfy such Defaulting Lender’s
obligations to make such Defaulted Payments until such Defaulted Payments have been fully
paid;

     (d) during any Default Period the Borrower may (in its discretion) apply all or any
portion to be specified by the Borrower of any optional reduction of unused Commitments
under Section 2.06(a) to the unused Commitments of any one or more Defaulting
Lenders specified by the Borrower before applying any remaining reduction to all Lenders in
the manner otherwise specified in Section 2.06(c);

     (e) with respect to any Defaulting Lender with one or more Defaulted Credits, such
Defaulting Lender shall not be entitled to receive any Facility Fee pursuant to Section
2.09(a) for any Default Period with respect to such 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 such Defaulting Lender);

     (f) during any Default Period with respect to any Defaulting Lender with one or more
Defaulted Credits, no Letter of Credit Fees shall be payable to such Defaulting Lender under
Section 2.03(i), except in respect of Letters of Credit for which cash collateral or
other credit support has been provided by such Defaulting Lender under Section
2.03(a)(ii)(F) and Letter of Credit Fees otherwise payable to a Defaulting Lender in
respect of outstanding Letters of Credit for which cash collateral or other credit support
has not been provided by such Defaulting Lender shall be paid to the applicable L/C Issuer;

     (g) at the request of the Borrower, any Defaulting Lender may be replaced in accordance
with Section 11.16; and

     (h) no assignments otherwise permitted by Section 11.07 shall be made to a
Defaulting Lender or any of its Subsidiaries or Affiliates that are Distressed Persons.

11.24 Impacted Lenders.

     Notwithstanding anything contained in this Agreement, if any Lender becomes an Impacted
Lender, then, (a) to the extent permitted by applicable Law, at the request of the Borrower, any
Impacted

97

 

Lender may be replaced in accordance with Section 11.16 and (b) so long as any Lender
remains an Impacted Lender, the Borrower may (in its discretion) apply all or any portion to be
specified by the Borrower of any optional reduction of unused Commitments under Section
2.06(a) to the unused Commitments of any one or more Impacted Lenders specified by the Borrower
before applying any remaining reduction to all Lenders in the manner otherwise specified in
Section 2.06(c).

[THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

98

 

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

	 	 	 	 	 
	BORROWER: 	 THE TIMKEN COMPANY,

an Ohio corporation

 	 
	 	By:  	/s/ Glenn A. Eisenberg
 	 
	 	 	Name:  	Glenn A. Eisenberg 	 
	 	 	Title:  	Executive Vice President — Finance and
Administration 	 
	 
	GUARANTORS: 	 TIMKEN US LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Glenn A. Eisenberg
 	 
	 	 	Name:  	Glenn A. Eisenberg 	 
	 	 	Title:  	President 	 
	 
	 	TIMKEN HOLDINGS LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Glenn A. Eisenberg
 	 
	 	 	Name:  	Glenn A. Eisenberg 	 
	 	 	Title:  	President 	 
	 
	 	TIMKEN U.S. HOLDINGS LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Glenn A. Eisenberg
 	 
	 	 	Name:  	Glenn A. Eisenberg 	 
	 	 	Title:  	President 	 
	 
	 	MPB CORPORATION,

a Delaware corporation

 	 
	 	By:  	/s/ Christopher J. Holding
 	 
	 	 	Name:  	Christopher J. Holding 	 
	 	 	Title:  	Vice President 	 
	 
	 	TIMKEN AEROSPACE TRANSMISSIONS, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Christopher J. Holding
 	 
	 	 	Name:  	Christopher J. Holding 	 
	 	 	Title:  	Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	CO-ADMINISTRATIVE AGENTS: 	 KEYBANK NATIONAL ASSOCIATION,

as Co-Administrative Agent and Paying Agent

 	 
	 	By:  	/s/ Brian P. Fox
 	 
	 	 	Name:  	Brian P. Fox 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF AMERICA, N.A.,

as Co-Administrative Agent

 	 
	 	By:  	/s/ Brian Lukehart
 	 
	 	 	Name:  	Brian Lukehart 	 
	 	 	Title:  	Vice President 	 
	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 
	LENDERS: 	 KEYBANK NATIONAL ASSOCIATION,

as L/C Issuer, Swing Line Lender and a Lender

 	 
	 	By:  	/s/ Brian P. Fox
 	 
	 	 	Name:  	Brian P. Fox 	 
	 	 	Title:  	Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as a Lender

 	 
	 	By:  	/s/ Brian Lukehart
 	 
	 	 	Name:  	Brian Lukehart 	 
	 	 	Title:  	Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as a Lender

 	 
	 	By:  	/s/ Kevin Chichester
 	 
	 	 	Name:  	Kevin Chichester 	 
	 	 	Title:  	Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Pete Martinets
 	 
	 	 	Name:  	Pete Martinets 	 
	 	 	Title:  	Managing Director

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH,

as a Lender

 	 
	 	By:  	/s/ Oliver Schwarz
 	 
	 	 	Name:  	Oliver Schwarz 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Wolfgang Winter
 	 
	 	 	Name:  	Wolfgang Winter 	 
	 	 	Title:  	Managing Director 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON,

as a Lender

 	 
	 	By:  	/s/ William M. Feathers
 	 
	 	 	Name:  	William M. Feathers 	 
	 	 	Title:  	Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as a Lender

 	 
	 	By:  	/s/ Thomas Danielson
 	 
	 	 	Name:  	Thomas Danielson 	 
	 	 	Title:  	Authorized Signatory 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE HUNTINGTON NATIONAL BANK,

as a Lender

 	 
	 	By:  	/s/ Brian H. Gallagher
 	 
	 	 	Name:  	Brian H. Gallagher 	 
	 	 	Title:  	Senior Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,

as a Lender

 	 
	 	By:  	/s/ Kimberly Metzger
 	 
	 	 	Name:  	Kimberly Metzger 	 
	 	 	Title:  	Director 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Christopher S. Helmeci
 	 
	 	 	Name:  	Christopher S. Helmeci 	 
	 	 	Title:  	Senior Relationship Manager 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	MORGAN STANLEY BANK, N.A.,

as a Lender

 	 
	 	By:  	/s/ Sherrese Clarke
 	 
	 	 	Name:  	Sherrese Clarke 	 
	 	 	Title:  	Authorized Signatory 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE NORTHERN TRUST COMPANY,

as a Lender

 	 
	 	By:  	/s/ Jeffrey P. Sullivan
 	 
	 	 	Name:  	Jeffrey P. Sullivan 	 
	 	 	Title:  	Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	US BANK, NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Kenneth R. Fieler
 	 
	 	 	Name: Kenneth R. Fieler	 
	 	 	Title:  	
Assistant Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	INTESA SANPAOLO S.P.A. NEW YORK

BRANCH,

as a Lender

 	 
	 	By:  	/s/ Sergio Maggioni
 	 
	 	 	Name:  	Sergio Maggioni 	 
	 	 	Title:  	First Vice President & Head of Business 	 
	 
	 	 	 
	 	By:  	                                              /s/ Franco Di Marco
 	 
	 	 	Name:  	Franco Di Marco 	 
	 	 	Title:  	First Vice President & Credit Manager 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION

as a Lender

 	 
	 	By:  	/s/ Joseph G. Moran
 	 
	 	 	Name:  	Joseph G. Moran 	 
	 	 	Title:  	Senior Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LLOYDS TSB BANK PLC

as a Lender

 	 
	 	By:  	/s/ Charles Foster
 	 
	 	 	Name:  Charles Foster	 
	 	 	Title:  	
Managing Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Candi Obrentz
 	 
	 	 	Name:  	Candi Obrentz 	 
	 	 	Title:  	Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	UNICREDIT BANK AG, NEW YORK BRANCH

as a Lender

 	 
	 	By:  	/s/ Ken Hamilton
 	 
	 	 	Name:  	Ken Hamilton 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Annett Guderian
 	 
	 	 	Name:  	Annett Guderian 	 
	 	 	Title:  	Director 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CREDIT INDUSTRIAL ET COMMERCIAL

as a Lender

 	 
	 	By:  	/s/ Eric Longuet
 	 
	 	 	Name:  	Eric Longuet 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Nicolas Courtaigne
 	 
	 	 	Name:  	Nicolas Courtaigne 	 
	 	 	Title:  	Vice President 	 

THE TIMKEN COMPANY 

CREDIT AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUNTRUST BANK

as a Lender

 	 
	 	By:  	/s/ Baerbel Freudenthaler
 	 
	 	 	Name:  	Baerbel Freudenthaler 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 

Schedule I

Certain Timken Stockholders

1. Members of the Timken family, including, without limitation, those individuals listed in the
Proxy Statement of The Timken Company dated March 24, 2011

2. The Timken Foundation of Canton

3. The Timken Company Savings and Investment Pension Plan

 

 

Schedule II

Material Subsidiaries

MPB Corporation

Timken US LLC

Timken Holdings LLC

Timken U.S. Holdings LLC

Timken Aerospace Transmissions, LLC

Timken Receivables Corporation

The Timken Corporation

 

 

Schedule III

Existing Letters of Credit

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Letter of Credit	 	 	 	 
	Issuer	 	Beneficiary	 	Number	 	Amount	 	Expiration
	KeyBank National 

Association
	 	Bank of New York

Trust Company, NA
	 	S306910000c
	 	$17,163,014.00
	 	6/27/2011

 

 

Schedule 2.01

Commitments and Pro Rata Shares

	 	 	 	 	 	 	 	 	 
	Lender	 	Commitment	 	 	Pro Rata Share	 
	Bank of America, N.A.
	 	$	40,250,000	 	 	 	8.050000000	%
	KeyBank National Association
	 	$	40,250,000	 	 	 	8.050000000	%
	SunTrust Bank
	 	$	32,500,000	 	 	 	6.500000000	%
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	 	$	32,500,000	 	 	 	6.500000000	%
	Wells Fargo Bank, National Association
	 	$	32,500,000	 	 	 	6.500000000	%
	The Bank of New York Mellon
	 	$	26,000,000	 	 	 	5.200000000	%
	JPMorgan Chase Bank, N.A.
	 	$	26,000,000	 	 	 	5.200000000	%
	PNC Bank, National Association
	 	$	26,000,000	 	 	 	5.200000000	%
	Lloyds TSB Bank plc
	 	$	26,000,000	 	 	 	5.200000000	%
	UniCredit Bank AG, New York Branch
	 	$	26,000,000	 	 	 	5.200000000	%
	The Huntington National Bank
	 	$	26,000,000	 	 	 	5.200000000	%
	U.S. Bank National Association
	 	$	26,000,000	 	 	 	5.200000000	%
	Deutsche Bank AG New York Branch
	 	$	20,000,000	 	 	 	4.000000000	%
	Société Générale
	 	$	20,000,000	 	 	 	4.000000000	%
	HSBC Bank USA, National Association
	 	$	20,000,000	 	 	 	4.000000000	%
	Morgan Stanley Bank, N.A.
	 	$	20,000,000	 	 	 	4.000000000	%
	The Northern Trust Company
	 	$	20,000,000	 	 	 	4.000000000	%
	Credit Industriel et Commercial
	 	$	20,000,000	 	 	 	4.000000000	%
	Intesa Sanpaolo S.p.A. New York Branch
	 	$	20,000,000	 	 	 	4.000000000	%
	 
	 	 	 	 	 	 	 	 
	Total
	 	$	500,000,000	 	 	 	100.000000000	%
	 
	 	 	 	 	 	 	 	 

 

 

Schedule 6.08(b)

Existing Liens

	1.	 	Liens granted in connection with the secured Indebtedness disclosed on Schedule 8.03.
	 
	2.	 	Liens granted in connection with Indebtedness permitted under Section 8.03(c)(F) up
to the aggregate principal amount of such Indebtedness permitted under such Section.
	 
	3.	 	See attached.

 

 

LIENS

	 	 	 	 	 	 	 	 	 	 	 
	Debtor	 	State	 	Jurisdiction	 	Secured Party	 	UCC Filing No./Filing Date	 	Collateral
	MPB Corporation

	 	DE
	 	State
	 	Saint-Gobain Ceramics &
Plastics, Inc.
	 	UCC: 32870148

File Date: 10/31/03

 Amendment: 32932237

File Date: 11/7/03

 Continuation: 82447918

File Date: 7/16/08
	 	Products consigned pursuant
to Consignment Agreement,
dated 5/1/03

Amend Secured Party address
	 
	 	 	 	 	 	 	 	 	 	 
	MPB Corporation

	 	DE
	 	State
	 	General Electric Capital

Corporation
	 	UCC: 71131308

File Date: 3/27/07
	 	All accounts for which
Honeywell International Inc.
is the account Debtor
pursuant to Agreement, dated
5/5/98
	 
	 	 	 	 	 	 	 	 	 	 
	MPB Corporation

	 	DE
	 	State
	 	The Bank of Tokyo-Mitsubishi
UFJ, Ltd., New York Branch, as
Agent 

Assignor: Timken Receivables
Corporation
	 	UCC: 03953001

File Date: 11/10/10
	 	All of the Debtor/Seller’s
now existing or hereafter
acquired or arising accounts,
chattel paper, instruments
etc. fully described on
Exhibit A to financing
statement
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Aerospace 

Transmissions, LLC

	 	DE
	 	State
	 	DMG Chicago, Inc.
	 	UCC: 91624359

File Date: 5/15/09
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Alcor
Aerospace
Technologies, Inc.

	 	DE
	 	State
	 	Air Liquide Industrial U.S. LP
	 	UCC: 91160297

File Date: 4/13/09
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Alcor
Aerospace
Technologies Inc.

	 	DE
	 	State
	 	US Bancorp
	 	UCC: 93546071

File Date: 11/4/09
	 	Equipment; For Informational
Purposes only
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Alcor
Aerospace
Technologies, Inc.

	 	DE
	 	State
	 	US Bancorp
	 	UCC: 03509472

File Date: 10/7/10
	 	Equipment; For Informational
Purposes only

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Debtor	 	State	 	Jurisdiction	 	Secured Party	 	UCC Filing No./Filing Date	 	Collateral
	The Timken Company

	 	OH
	 	State
	 	SGL Carbon, LLC
	 	UCC: AP337108

File Date: 4/12/01

 Continuation: 20060110268

File Date: 1/9/06
	 	Consigned Stock of Carbon
and/or Graphic Products
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company 

Original Debtor: The 

Timken Corporation

	 	OH
	 	State
	 	Caterpillar Financial Services

Corporation
	 	UCC: OH00038840478

File Date: 9/20/01

 Continuation: 20061990900

File Date: 7/18/06

 Amendment: 20061990902

File Date: 7/18/06
	 	Equipment

Amend Debtor
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company 

Timken Latrobe Steel

	 	OH
	 	State
	 	Vesuvius USA Corporation
	 	UCC: OH00048316914

File Date: 4/22/02

 Continuation: 20070800682

File Date: 3/21/07

 Amendment: 20070860870

File Date: 3/27/07

 Amendment: 20070860912

File Date: 3/27/07
	 	All inventory, equipment and
other goods whenever sold,
consigned or delivered
	 
	 	 	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Debtor	 	State	 	Jurisdiction	 	Secured Party	 	UCC Filing No./Filing Date	 	Collateral
	The Timken Corporation

	 	OH
	 	State
	 	Original Secured Party: Bank
One, NA (Main Office Chicago),
as Agent 

Amended to: JPMorgan Chase Bank,
N.A., as Agent for the
Purchasers and the L/C Issuer 

JPMorgan Chase Bank, N.A.
(successor by merger to Bank One
N.A.(Main Office Chicago)) 

Assigned to: Timken Receivables
Corporation 

Assignee to: The Bank of
Tokyo-Mitsubishi UFJ, Ltd., New
York Branch, as Agent
	 	UCC: OH00058306359

File Date: 12/26/02

 Amendment: 20060050460

File Date: 1/4/06

 Continuation: 20072150002

File Date: 8/3/07

 Amendment: 20081420124

File Date: 5/21/08

 Amendment: 20103190060

File Date: 11/12/10

Assignment: 20103190059

File Date: 11/12/10

Assignment: 20103190058

File Date: 11/12/10
	 	All of the Debtor/Seller’s
now existing or hereafter
acquired or arising accounts,
chattel paper, instruments
etc. pursuant to Second A&R
Receivables Sales Agreement,
dated 11/10/10 as more fully
described on Exhibit A to
financing statement
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	ICX Corporation
	 	UCC: OH00069502247

File Date: 10/14/03

 Continuation: 20082200022

File Date: 8/7/08
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Citicorp Leasing, Inc.
	 	UCC: OH00082333326

File Date: 10/8/04

 Continuation: 20091030316

File Date: 4/13/09
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Co

	 	OH
	 	State
	 	Wells Fargo Financial Leasing,
Inc.
	 	UCC: OH00095906982

File Date: 11/25/05
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Company

	 	OH
	 	State
	 	Wells Fargo Financial Leasing,
Inc.
	 	UCC: OH00096329989

File Date: 12/7/05
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	IBM Credit LLC
	 	UCC: OH00100471250

File Date: 4/5/06
	 	Equipment, notice as a

precautionary filing

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Debtor	 	State	 	Jurisdiction	 	Secured Party	 	UCC Filing No./Filing Date	 	Collateral
	The Timken Company

	 	OH
	 	State
	 	SunTrust Leasing Corporation
	 	UCC: OH00100816626

File Date: 4/13/06

 Continuation: 20110890381

File Date: 3/30/11
	 	All right, title and interest
of Debtor in, to and under
certain Invoice No. 1834 and
part of Purchase Order ___
between Corporate Express and
Debtor; the office furniture
described in the above
invoice and purchase order,
and all replacements,
substitutions and
alternatives therefor and
thereof and accessions
thereto; and all proceeds
(cash and non-cash),
including the proceeds of all
insurance policies, thereof.
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	United Grinding Technologies Inc.
	 	UCC: OH00102902823
File Date: 6/5/06
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	SunTrust Leasing Corporation
	 	UCC: OH00108035527

File Date: 10/26/06
	 	All right, title and interest
of Debtor in, to and under
certain Invoice No. 72898974
and part of Purchase Order
MC001834-001 between
Corporate Express and Debtor;
the office furniture
described in the above
invoice and purchase order,
and all replacements,
substitutions and
alternatives therefor and
thereof and accessions
thereto; and all proceeds
(cash and non-cash),
including the proceeds of all
insurance policies, therof.
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Applied Industrial
Technologies-Die, Inc.
	 	UCC: OH00112114117

File Date: 2/20/07
	 	Purchase money security
interest in and to all
Consignee’s now held or
acquired equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	CNC Link
	 	UCC: OH00114116608

File Date: 4/16/07
	 	Equipment

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Debtor	 	State	 	Jurisdiction	 	Secured Party	 	UCC Filing No./Filing Date	 	Collateral
	The Timken Company

	 	OH
	 	State
	 	Langeloth Metallurgical Company

LLC, consignor
	 	UCC: OH00114553432

File Date: 4/27/07
	 	All ferromolybdenum delivered
by Secured Party to Debtor on
consignment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Thompson Creek-Mining Co.,
consignor 

Cyprus Thompson Creek Mining
Company, consignor
	 	UCC: OH00114553543

File Date: 4/27/07
	 	All ferromolybdenum delivered
by Secured Party to Debtor on
consignment
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Company

	 	OH
	 	State
	 	Wells Fargo Financial Leasing,
Inc.
	 	UCC: OH00114611719

File Date: 5/1/07
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	SunTrust Bank
	 	UCC: OH00116043271

File Date: 6/8/07

 Amendment: 20071660068

File Date: 6/15/07
	 	All accounts, chattel paper,
general intangibles,
documents and instruments of
the Debtor that arise out of
the sale of products and/or
service to Advance Auto
Parts, Inc. and that are
transferred or assigned to
Secured Party pursuant to
that certain Supplier
Agreement between Debtor and
Secured Party. 

Collateral Description Amended
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Corporation

	 	OH
	 	State
	 	SunTrust Bank
	 	UCC: OH00118329158

File Date: 8/17/07
	 	All accounts, chattel paper,
general intangibles,
documents and instruments of
the Debtor that arise out of
the sale of products and/or
service to AutoZone, Inc. and
that are transferred or
assigned to Secured Party
pursuant to that certain
Supplier Agreement between
Debtor and Secured Party.

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Debtor	 	State	 	Jurisdiction	 	Secured Party	 	UCC Filing No./Filing Date	 	Collateral
	The Timken Corporation

	 	OH
	 	State
	 	SunTrust Bank
	 	UCC: OH00118614234

File Date: 8/29/07
	 	All accounts, chattel paper,
general intangibles,
documents and instruments of
the Debtor that arise out of
the sale of products and/or
service to AutoZone, Inc. and
that are transferred or
assigned to Secured Party
pursuant to that certain
Supplier Agreement between
Debtor and Secured Party.
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Company

	 	OH
	 	State
	 	American Axle & Manufacturing,
Inc.
	 	UCC: OH00119232205

File Date: 9/13/07
	 	Raw Materials, Work in
Process, Finished Goods etc.
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Company

	 	OH
	 	State
	 	American Axle & Manufacturing,
Inc.
	 	UCC: OH00119232649

File Date: 9/13/07
	 	Raw Materials, Work in
Process, Finished Goods etc.
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	The Fifth Third Leasing Company
	 	UCC: OH00121611354

File Date: 11/30/07
	 	All of the Debtor’s right,
title and interest in
equipment etc.
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Company 

Scott A Scherff

	 	OH
	 	State
	 	American Axle & Manufacturing,
Inc.
	 	UCC: OH00123315277

File Date: 1/25/08
	 	Raw Materials, Work in
Process, Finished Goods etc.
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company 

Scott A Scherff, Agent

	 	OH
	 	State
	 	American Axle & Manufacturing,
Inc.
	 	UCC: OH00124384910

File Date: 2/28/08
	 	Raw Materials, Work in
Process, Finished Goods etc.
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company 

Scott A Scherff, Agent

	 	OH
	 	State
	 	American Axle & Manufacturing,
Inc.
	 	UCC: OH00124385255

File Date: 2/28/08
	 	Raw Materials, Work in
Process, Finished Goods etc.
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Corporation

	 	OH
	 	State
	 	Clipper Turbine Works, Inc.
	 	UCC: OH00126406435

File Date: 5/6/08
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company 

Scott A Scherff, Agent

	 	OH
	 	State
	 	MSP Corporation, an AAM Company
	 	UCC: OH00126484833

File Date: 5/8/08
	 	Raw Materials, Work in
Process, Finished Goods etc.

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Debtor	 	State	 	Jurisdiction	 	Secured Party	 	UCC Filing No./Filing Date	 	Collateral
	The Timken Company

	 	OH
	 	State
	 	ICX Corporation
	 	UCC: OH00128632355

File Date: 8/2/08
	 	All of the above to include
attachments, replacements,
substitutions, additions and
accessions thereof, plus
proceeds
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Air Liquide Industrial U.S. LP
	 	UCC: OH00132465891

File Date: 1/27/09
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	DU Bose Strapping, Inc.
	 	UCC: OH00132556026

File Date: 2/2/09
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Millbank Materials PA Ltd.
	 	UCC: OH00134743247

File Date: 5/15/09

 Amendment: 20100740049

File Date: 3/11/10

 Amendment: 20110880217

File Date: 3/28/11
	 	Consignment of
Silicomanganese. See Exhibit
A attached to financing
statement
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	The Delta Rubber Company
	 	UCC: OH00135193029

File Date: 6/5/09
	 	Filed as a notice of
consignment by The Delta
Rubber Company of Industrial
bearing seals owned by
Consignor
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Yamazen, Inc.
	 	UCC: OH00135218003

File Date: 6/9/09
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Ellison Technologies
	 	UCC: OH00136700855

File Date: 8/19/09
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Ellison Technologies
	 	UCC: OH00136701201

File Date: 8/19/09
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Dust Control Technology, Inc.
	 	UCC: OH00139910146

File Date: 1/26/10
	 	All DustBoss equipment

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Debtor	 	State	 	Jurisdiction	 	Secured Party	 	UCC Filing No./Filing Date	 	Collateral
	The Timken Company

	 	OH
	 	State
	 	Honda Trading America Corporation
	 	UCC: OH00143788010

File Date: 7/20/10
	 	All steel bar goods
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Corporation

	 	OH
	 	State
	 	Raymond Leasing Corporation
	 	UCC: OH00145848666

File Date: 10/28/10
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Corporation

	 	OH
	 	State
	 	Raymond Leasing Corporation
	 	UCC: OH00146270995

File Date: 11/16/10
	 	Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	The Timken Company

	 	OH
	 	State
	 	Caterpillar Inc.
	 	UCC: OH00149142563

File Date: 4/1/11
	 	Ownership of tooling used to
make or manufacture parts for
Caterpillar Inc.
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Industrial 

Services, LLC

	 	DE
	 	State
	 	United States Steel Corporation
	 	UCC: 84158638

File Date: 12/15/08
	 	All United States Steel

Corporation owned Equipment
	 
	 	 	 	 	 	 	 	 	 	 
	Timken Receivables 

Corporation

	 	DE
	 	State
	 	The Bank of Tokyo-Mitsubishi
UFJ, Ltd., New York Branch, as
Agent
	 	UCC: 03952847

File Date: 11/10/10
	 	All assets of the
Debtor/Seller’s whether now
owned or hereafter acquired
or arising
	 
	 	 	 	 	 	 	 	 	 	 
	Timken US Corporation 

Corporation Services 

Company, Agent

	 	DE
	 	State
	 	American Axle & Manufacturing,
Inc.
	 	UCC: 80682482

File Date: 2/22/08
	 	Raw Materials

 

 

Schedule 6.09

Environmental Matters

None.

 

 

Schedule 6.12

Pension Plans

None.

 

 

Schedule 6.13

Subsidiaries and Other Equity Investments

Part (a): Subsidiaries

	 	 	 	 	 	 	 
	 	 	 	 	% of	 	 
	 	 	 	 	voting securities	 	 
	 	 	State or sovereign	 	owned directly	 	 
	 	 	power under laws	 	or indirectly	 	 
	Name	 	of which organized	 	by Borrower	 	Owner
	Australian Timken Proprietary Limited
	 	Australia	 	100%	 	Timken Australia Holdings ULC
	Bearing Inspection, Inc.
	 	California	 	100%	 	MPB Corporation
	British Timken Limited
	 	England	 	100%	 	The Timken Company
	EDC, Inc.
	 	Ohio	 	100%	 	The Timken Company
	FirstBridge (Shanghai) Trading Co., Ltd.
	 	China	 	100%	 	PTBridge (Hong Kong) Investment Limited
	Jiangsu TWB Bearing Co., Ltd.
	 	China	 	100%	 	Timken (Hong Kong) Holding Limited
	MPB Corporation
	 	Delaware	 	100%	 	The Timken Company
	Nihon Timken K.K.
	 	Japan	 	100%	 	Timken Global Treasury SARL
	PTBridge (Hong Kong) Investment Limited
	 	Hong Kong	 	100%	 	Timken (Hong Kong) Holding Limited
	Q.M. (Wuxi) Bearings Co., Ltd
	 	China	 	100%	 	Timken (Hong Kong) Holding Limited
	Rail Bearing Service Corporation
	 	Virginia	 	100%	 	The Timken Company
	The Timken Corporation
	 	Ohio	 	100%	 	Timken US LLC
	The Timken Service & Sales Co.
	 	Ohio	 	100%	 	The Timken Company
	Timken (Bermuda) L.P.
	 	Bermuda	 	100%	 	Timken (Gibraltar) Limited and Timken (Gibraltar) 2 Limited

 

 

	 	 	 	 	 	 	 
	 	 	 	 	% of	 	 
	 	 	 	 	voting securities	 	 
	 	 	State or sovereign	 	owned directly	 	 
	 	 	power under laws	 	or indirectly	 	 
	Name	 	of which organized	 	by Borrower	 	Owner
	Timken (Chengdu) Aerospace and Precision Products Co., Ltd
	 	China	 	100%	 	Timken (China) Investment Co., Ltd.
	Timken (China) Investment Co., Ltd.
	 	China	 	100%	 	Timken (Hong Kong) Holding Limited
	Timken (Gibraltar) 2 Limited
	 	Gibraltar	 	100%	 	Timken (Gibraltar) Limited
	Timken (Gibraltar) Limited
	 	Gibraltar	 	100%	 	The Timken Service and Sales Company and The Timken Company
	Timken (Hong Kong) Holding Limited
	 	China	 	100%	 	TTC Asia Limited
	Timken (Mauritius) Limited
	 	Mauritius	 	100%	 	The Timken Company
	Timken (Shanghai) Distribution & Sales Co., Ltd.
	 	China	 	100%	 	Timken (China) Investment Co., Ltd.
	Timken (Wuxi) Bearings Company Limited
	 	China	 	100%	 	Timken (Hong Kong) Holding Limited and Timken China Investment Co., Ltd.
	Timken Aerospace Transmissions, LLC
	 	Delaware	 	100%	 	MPB Corporation
	Timken Alcor Aerospace Technologies, Inc.
	 	Delaware	 	100%	 	MPB Corporation
	Timken Alloy Steel Europe Limited
	 	England	 	100%	 	The Timken Company
	Timken Argentina Sociedad De Responsabilidad Limitada
	 	Argentina	 	100%	 	Timken Europe B.V. and Timken Global Treasury SARL
	Timken Australia Holdings ULC
	 	Canada	 	100%	 	Timken Canada L.P.
	Timken Bermuda Treasury Ltd
	 	Bermuda	 	100%	 	Timken (Bermuda) L.P.
	Timken Boring Specialties, LLC
	 	Delaware	 	100%	 	The Timken Company
	Timken Canada GP ULC
	 	Canada	 	100%	 	Timken Canada Holdings ULC

 

 

	 	 	 	 	 	 	 
	 	 	 	 	% of	 	 
	 	 	 	 	voting securities	 	 
	 	 	State or sovereign	 	owned directly	 	 
	 	 	power under laws	 	or indirectly	 	 
	Name	 	of which organized	 	by Borrower	 	Owner
	Timken Canada Holdings ULC
	 	Canada	 	100%	 	Timken Global Treasury SARL
	Timken Canada LP
	 	Canada	 	100%	 	Timken Canada Holdings ULC and Timken Canada GP ULC
	Timken Communications Company
	 	Ohio	 	100%	 	The Timken Company
	Timken De Mexico S.A. De C.V.
	 	Mexico	 	100%	 	Timken Mexico Holdings ULC
	Timken De Venezuela C.A.
	 	Venezuela	 	100%	 	Timken Europe B.V.
	Timken Do Brasil Comercio E Industria Limitada
	 	Brazil	 	100%	 	Timken Global Treasury SARL and Timken Canada LP
	Timken Engineering and Research — India Private Limited
	 	India	 	100%	 	Timken (Mauritius) Limited and The Timken Service and Sales Company
	Timken Espana, S.L.
	 	Spain	 	100%	 	The Timken Company and The Timken Service and Sales Company
	Timken Europe B.V.
	 	Netherlands	 	100%	 	Timken Global Treasury SARL
	Timken France SAS
	 	France	 	100%	 	The Timken Company
	Timken Germany GmbH
	 	Germany	 	100%	 	Timken Luxembourg Holdings SARL
	Timken Global Treasury SARL
	 	Luxembourg	 	100%	 	Timken (Bermuda) L.P.
	Timken GmbH
	 	Germany	 	100%	 	Timken Germany GmbH
	Timken Holdings LLC
	 	Delaware	 	100%	 	The Timken Company
	Timken House Units, Inc.
	 	Washington	 	100%	 	The Timken Company
	Timken India Limited
	 	India	 	80%	 	Timken (Mauritius) Limited

 

 

	 	 	 	 	 	 	 
	 	 	 	 	% of	 	 
	 	 	 	 	voting securities	 	 
	 	 	State or sovereign	 	owned directly	 	 
	 	 	power under laws	 	or indirectly	 	 
	Name	 	of which organized	 	by Borrower	 	Owner
	Timken India Manufacturing Private Limited
	 	India	 	100%	 	Timken (Mauritius) Limited
	Timken Industrial Services, LLC
	 	Delaware	 	100%	 	The Timken Corporation
	Timken Italia, S.R.L.
	 	Italy	 	100%	 	Timken Europe B.V.
	Timken Korea Limited Liability Corporation
	 	Korea	 	100%	 	The Timken Company and The Timken Service and Sales Company
	Timken LLC
	 	Delaware	 	100%	 	Timken US LLC
	Timken Luxembourg Holdings SARL
	 	Luxembourg	 	100%	 	The Timken Company
	Timken Mexico Holdings LLC
	 	Delaware	 	100%	 	The Timken Company
	Timken Newco Corp.
	 	Delaware	 	100%	 	The Timken Company
	Timken Polska Sp.z.o.o.
	 	Poland	 	100%	 	Timken Europe B.V.
	Timken Receivables Corporation
	 	Delaware	 	100%	 	The Timken Corporation
	Timken Romania S.A.
	 	Romania	 	98.9%	 	Timken Global Treasury SARL
	Timken Servicios Administrativos S.A. de C.V.
	 	Mexico	 	100%	 	The Timken Service and Sales Company
	Timken Singapore Pte. Ltd.
	 	Singapore	 	100%	 	Timken Europe B.V.
	Timken South Africa (Pty.) Ltd.
	 	South Africa	 	100%	 	The Timken Company
	Timken Super Precision Singapore Pte. Ltd.
	 	Singapore	 	100%	 	Timken Europe B.V.
	Timken U.S. Holdings LLC
	 	Delaware	 	100%	 	Timken Holdings LLC
	Timken UK Limited
	 	England	 	100%	 	The Timken Company
	Timken US LLC
	 	Delaware	 	100%	 	The Timken Company
	Timken-Rus Service Company, ooo
	 	Russia	 	100%	 	Rail Bearing Service Corporation and The Timken Service and Sales Company
	TSB Recycling LLC
	 	Delaware	 	100%	 	The Timken Company
	TTC Asia Limited
	 	Cayman Islands	 	100%	 	Timken Global Treasury SARL
	Yantai Timken Co., Ltd.
	 	China	 	100%	 	Timken (Hong Kong) Holding Limited

 

 

Part (b): Joint Ventures and Minority Interests

	 	 	 	 	 
	NAME	 	% OWNED	 	OWNER
	Advanced Green Components, LLC
	 	45%	 	The Timken Company
	Colinx, LLC
	 	25%	 	The Timken Corporation
	Endorsia.com International AB
	 	20%	 	The Timken Corporation
	Friction Management Services, LLC
	 	50%	 	The Timken Corporation
	ICSA industria Cuscinetti SpA
	 	18%	 	Timken Italia S.r.l.
	International Component Supply LTDA.
	 	50%	 	Timken Do Brasil Comercio E Industria Limitada
	S.E. Setco Service Company, LLC
	 	50%	 	Timken US LLC
	Timken (Anshan) Industrial Services Co., Ltd.
	 	60%	 	Timken (China) Investment Co., Ltd.
	Timken Bearing Services South Africa (PTY)
Limited
	 	91%	 	Timken South Africa (PTY) Limited
	Timken-XEMC (Hunan) Bearings Co., Ltd.
	 	80%	 	Timken (Hong Kong) Holding Limited

 

 

Schedule 6.15

Projected Financial Information

     None.

 

 

Schedule 8.02(f)

Existing Investments

See Schedule 6.13.

 

 

Schedule 8.03

Existing Indebtedness

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Supporting	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount of	 	 	 	 	 	Documentation/	 	 	 	 
	 	 	 	 	Entity as	 	Identify Third Party as	 	Permitted	 	 	 	 	 	Agreements	 	 	 	 
	 	 	Description of	 	Borrower, Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Amount Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	The Timken Company

	 	Multi-Modal OAQDA
Bonds Series 2001
	 	Borrower
	 	Fifth Third — LOC Bank
	 	$	9,500,000	 	 	$	9,500,000	 	 	See Bond Facility
Agreements/May 23,
2001
	 	No	 	 
	The Timken Company

	 	Multi-Modal OWDA
Bonds Series 2001
	 	Borrower
	 	Northern Trust — LOC
Bank
	 	$	12,200,000	 	 	$	12,200,000	 	 	See Bond Facility
Agreements/May 23,
2001
	 	No	 	 
	The Timken Company

	 	OAQDA Bonds Series

2003
	 	Borrower
	 	KeyBank — LOC Bank
	 	$	17,000,000	 	 	$	17,000,000	 	 	See Bond Facility
Agreements/June 27,
2003
	 	No	 	 
	The Timken Company

	 	Medium Term Notes

Shelf Registration
	 	Borrower
	 	 	 	$	250,000,000	 	 	$	75,000,000	 	 	See MTN Facility
Agreements/July 1,
1990
	 	No	 	 
	The Timken Company

	 	Medium Term Notes

Shelf Registration
	 	Borrower
	 	 	 	$	300,000,000	 	 	$	100,000,000	 	 	See MTN Facility

Agreements/April

24, 1998
	 	No	 	 
	The Timken Company

	 	Senior Notes
	 	Borrower
	 	 	 	$	250,000,000	 	 	$	250,000,000	 	 	Issued September 9,
2009
	 	No	 	 
	The Timken Company

	 	Accounts Receivable

Securitization

(Timken Receivables

Corp)
	 	Guarantor
	 	Victory Receivables
Corp. (Bank of Tokyo,
Fifth Third)
	 	$	150,000,000	 	 	$	0	 	 	Amended & Restated

Receivables

Purchase Agreement

dtd Dec 30, 2005,

as amended Nov 10,

2010
	 	Yes
	 	Accounts Receivable
	The Timken Company

	 	Letter of Credit
Agreement (to issue
standby L/Cs)
	 	Borrower
	 	Credit Industriel et
Commercial — Lender
	 	$	10,000,000	 	 	$	0	 	 	Letter of Credit
Agreement —
February 25, 2011
	 	No	 	 
	The Timken Company

	 	Foreign Exchange

Guarantee Agreement
	 	Guarantor
	 	Societe Generale-Lender
	 	EUR 20,000,000
	 	Refer to
 “Currency

Hedges” 
information
	 	Timken Foreign
Exchange Guarantee
Agreement / May 31,
2010
	 	No
	 	Covers Romania,
Polska, Italia,
South Africa, GmbH,
Global Treasury,
Australia and Rail
Service-Russia

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Supporting	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount of	 	 	 	 	 	Documentation/	 	 	 	 
	 	 	 	 	Entity as	 	Identify Third Party as	 	Permitted	 	 	 	 	 	Agreements	 	 	 	 
	 	 	Description of	 	Borrower, Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Amount Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	The Timken Company

	 	Guarantee Agreement
	 	Guarantor
	 	Standard Chartered

Bank (China) Limited
	 	USD 65,000,000
	 	USD 8,069,079
	 	Guarantee Agreement

/ Nov 19, 2010
	 	No
	 	Covers (China)
Investment,

(Shanghai)

Distribution&Sales,

(Wuxi) Bearings,

(Chengdu)

Aerospace, Jiangsu

TWB
	The Timken Company

	 	Guarantee (Timken

Germany Gmbh)
	 	Guarantor
	 	HSBC-Beneficiary
	 	EUR 8,000,000 *
	 	EUR 794,813
	 	Facility Letter —
March 10th, 2011 —
*Same Facility with
HSBC as Timken
Germany GmbH
	 	No	 	 
	The Timken Company

	 	Uncommitted Overdraft

Facility / Credit

Agreement (Timken

Germany GmbH)
	 	Borrower
	 	JP Morgan-Lender
	 	EUR 13,000,000
	 	EUR 0
	 	JPMorgan letter

dated Nov 21, 2007
	 	No	 	 
	The Timken Company

	 	Guarantee (Timken

Espana)
	 	Guarantor
	 	Societe Generale-Lender
	 	EUR 30,000
	 	EUR 0
	 	Timken Master
Guarantee
Agreement/May 31,
2010
	 	No	 	 
	The Timken Company

	 	Facilities leasing

contract (Timken de

Mexico)
	 	Guarantor
	 	Beneficiary:

Constructore Coexa SA

de CV
	 	2,500,000.00 USD
	 	2,500,000.00 USD

seven year of lease

contract
	 	Guarantee Letter /dated
February 9,
2011
	 	No	 	 
	The Timken Company

	 	Guarantee (Timken

Romania)
	 	Guarantor
	 	RBS Bank-Lender
	 	USD 2,000,000
	 	USD 846,126
	 	Credit Facility

Agreement / Dec 08,

2010
	 	No	 	 
	The Timken Company

	 	Guarantee (Timken

Romania)
	 	Guarantor
	 	Societe Generale-Lender
	 	EUR 1,500,000
	 	EUR 0
	 	Timken Master
Guarantee
Agreement/May 31,
2010
	 	No	 	 
	The Timken Company

	 	Guarantee (Timken

Polska)
	 	Guarantor
	 	Societe Generale-Lender
	 	EUR 11,500,000
	 	EUR 0
	 	Timken Master
Guarantee
Agreement/May 31,
2010
	 	No	 	 
	The Timken Company

	 	Packing Credit
Foreign Currency Loan
(Timken India Private
Manuf Pvt Ltd.)
	 	Guarantor
	 	Standard Chartered Bank
	 	USD 10,000,000
	 	USD 7,000,000
	 	Agreement dated
18th October 2010
	 	No	 	 
	The Timken Company

	 	Packing Credit
Foreign Currency Loan
(Timken India Private
Manuf Pvt Ltd.)
	 	Guarantor
	 	Bank of America
	 	USD 10,000,000
	 	USD 5,000,000
	 	Agreement dated
29th October 2010
	 	No	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Supporting	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount of	 	 	 	 	 	Documentation/	 	 	 	 
	 	 	 	 	Entity as	 	Identify Third Party as	 	Permitted	 	 	 	 	 	Agreements	 	 	 	 
	 	 	Description of	 	Borrower, Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Amount Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	The Timken Company

	 	Guarantee (Timken UK
Ltd.)
	 	Guarantor
	 	HSBC-Beneficiary
	 	GBP 4,500,000
	 	GBP 0
	 	Guarantee/Dec 2010
	 	No	 	 
	The Timken Company

	 	Customs & Excise
Deferred Duty
Guarantee (Timken UK
Ltd.)
	 	Guarantor
	 	Midland Bank
	 	GBP 750,000
	 	GBP 0
	 	Midland Bank

Guarantee Letter /Nov

3, 1997
	 	No	 	 
	The Timken Company

	 	Comfort Letter

(Timken Servicios)
	 	Guarantor
	 	Bancomer — Beneficiary
	 	Pesos 1,000,000
	 	Pesos 52,121.80
	 	Letter/Oct 25, 2001
	 	No	 	 
	The Timken Company

	 	Letter of Credit /No.
983121-793-Arrowpoint
Indemnity Co
	 	 	 	Intesa San Paolo SpA
	 	USD 3,400,000
	 	 	 	 	 	Irrevocable Letter
of Credit / Dec 16,
1998 (last amended
Dec 16, 2011)
	 	No	 	 
	The Timken Company

	 	Letter of Credit /No.
093443-793-Westpoint
Insurance Corporation
	 	 	 	Intesa San Paolo SpA
	 	USD 1,000,000
	 	 	 	 	 	Irrevocable Letter
of Credit /December
20, 2009
	 	No	 	 
	The Timken Company

	 	Letter of Credit /No.
093438-793-Federal
Insurance Co
	 	 	 	Intesa San Paolo SpA
	 	USD 1,380,000
	 	 	 	 	 	Irrevocable Letter
of Credit /February
1, 2011
	 	No	 	 
	The Timken Company

	 	Letter of Credit /No.
093476-793-State
of NH-Dept of
Environmental
Services
	 	 	 	Intesa San Paolo SpA
	 	USD 2,560,000
	 	 	 	 	 	Irrevocable Letter
of Credit /December
20, 2010
	 	No	 	 
	The Timken Company

	 	Letter of Credit /No.
093184-793-Workers
Comp (Latrobe Steel)
	 	 	 	Intesa San Paolo SpA
	 	USD 2,800,000
	 	 	 	 	 	Irrevocable Letter
of Credit / July 1,
2009
	 	No	 	 
	The Timken Company

	 	Collateral Account
tied to Travelers
Indemnity Company
Letter of Credit
	 	 	 	Morgan Stanley Smith

Barney
	 	USD 15,000,000
	 	 	 	 	 	Control Agreement
dated June 29, 2010
	 	Yes
	 	Cash held in a
money market
account.
	The Timken Company

	 	Collateral Account
tied to Borrowing
(Advanced Green
Components)
	 	 	 	US Bank
	 	USD 4,795,000
	 	 	 	 	 	Pledge Agreement
dated February 23,
2011
	 	Yes
	 	Cash held in a
money market
account.
	The Timken 

Company

	 	Currency Hedges
	 	 	 	
	 	
	 	USD loss
 3,437,460
(mark
 to market

position)
	 	 	 	 	 	 	 
	The Timken Company

	 	Credit Cards —

Travel &

Entertainment

	 	 	 	PNC Bank — Lender
		$ 9,499,999
	 	 	 	 	 	 	 	No	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Maximum Amount	 	 	 	 	 	Supporting	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	of	 	 	 	 	 	Documentation/	 	 	 	 
	 	 	 	 	Entity as	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Borrower, Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	The Timken Company

	 	Credit Cards — Pcards
	 	 	 	PNC Bank — Lender
	 	$	1,000,000	 	 	 	 	 	 	 	 	No	 	 
	The Timken Company

	 	Credit Cards — Active
Pay (Vpayment)
	 	 	 	PNC Bank — Lender
	 	$	1	 	 	 	 	 	 	 	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Credit line (Overdraft)
	 	Borrower
	 	HSBC Trinkhaus
	 	EUR 6,000,000 *
	 	 	0	 	 	Facility Letter —
March 10th, 2011 —
*Same Facility with
HSBC as Timken
Germany GmbH
	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Credit line
	 	Borrower
	 	CIC EST
	 	EUR 20,000,000
	 	 	0	 	 	Letter dated Sept.
09, 2009
	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Credit line
	 	Borrower
	 	HSBC France
	 	EUR 40,000,000
	 	 	0	 	 	 	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Credit line
	 	Borrower
	 	Societe Generale
	 	EUR 27,000,000
	 	 	0	 	 	 	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Long Term Loan — 0%
	 	Borrower
	 	Agence de l’eau
Rhin-Muese
	 	EUR 360,268
	 	EUR 52,389.33
	 	Letter dated Feb

26, 2002	 	 	 	 
	Timken Europe (The
Timken Company)

	 	Guarantee (Foreign
Custom) — Customer
Guarantee
	 	Borrower
	 	HSBC TRINKAUS
	 	EUR 2,000,000 *
	 	EUR 196,813
	 	Facility Letter —
March 10th, 2011 —
*Same Facility with
HSBC as Timken
Germany GmbH
	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Bank Guarantee —
Customs — Enlevement
	 	 	 	HSBC France
	 	EUR 2, 400,000
	 	EUR 2, 400,000
	 	 	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Guarantee
	 	Obligor
	 	CIC EST
	 	EUR 1,900,000
	 	EUR 1,090,895
	 	 	 	 	 	 
	Timken Europe (The
Timken Company)

	 	— Bank Guarantee —
Customs UK — BTCC
	 	Obligor
	 	CIC EST
	 	 	 	 	 	EUR 396 115
	 	 	 	No	 	 
	Timken Europe (The
Timken Company)

	 	— Cautions — Customs
— European Transit
	 	Obligor
	 	CIC EST
	 	 	 	 	 	EUR 500,000
	 	 	 	No	 	 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Maximum Amount	 	 	 	 	 	Supporting	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	of	 	 	 	 	 	Documentation/	 	 	 	 
	 	 	 	 	Entity as	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Borrower, Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken Europe (The
Timken Company)

	 	— Cautions — SCI
Revolution (Supplier)
— Valim — Warehouse
	 	Obligor
	 	CIC EST
	 	 	 	 	 	EUR 194,780
	 	 	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Cautions — (Customer)
	 	Obligor
	 	Societe Generale
	 	EUR 3,000,000
	 	EUR 334,090
	 	 	 	No	 	 
	Timken Europe (The
Timken Company)

	 	Credit Cards — Travel
& Entertainment
	 	 	 	HSBC France — Lender
	 	EUR 7,700
	 	 	 	 	 	 	 	No	 	 
	Advanced Green 

Components

	 	Bank Loan
	 	Borrower
	 	U. S. Bank
	 	$	4,795,000	 	 	$	3,295,000	 	 	Revolving Credit
Note #125 July 17,
2010 (rev 3-1-11)
	 	Yes
	 	Preferred Business

Money Market Acct #

1-458-0802-9865
	Advanced Green 

Components

	 	Bank Loan
	 	Borrower
	 	U. S. Bank
	 	$	4,745,000	 	 	$	3,295,000	 	 	Revolving Credit
Note #141 July 17,
2010
	 	Yes
	 	Letters of Credit
(by Sanyo) with 3
Japanese banks
	Advanced Green 

Components

	 	JV Member Loan
	 	Borrower
	 	Machinery Tec Masters

(Showa)
	 	$	820,300	 	 	$	820,300	 	 	Promissory Note
August 18, 2010
	 	No	 	 
	Advanced Green 

Components

	 	JV Member Loan
	 	Borrower
	 	Machinery Tec Masters

(Showa)
	 	$	295,300	 	 	$	295,300	 	 	Promissory Note
August 18, 2010
	 	No	 	 
	Australian Timken 

Proprietary Limited

	 	Bank Guarantee

Facility (CL)
	 	Obligor
	 	Commonwealth Bank
	 	AUD 100
	 	 	 	 	 	Bank Guarantee/Sept

28, 2004
	 	No	 	 
	Australian Timken 

Proprietary Limited

	 	— Bank Guarantee of
Melobourne Office
	 	 	 	Commonwealth Bank
	 	AUD 20,000
	 	AUD 20,000
	 	Bank Guarantee/Jan

13, 2009
	 	No	 	 
	Australian Timken 

Proprietary Limited

	 	— Bank guarantee of
Sydney Office
	 	 	 	Commonwealth Bank
	 	AUD 17,600
	 	AUD 17,600
	 	Bank Guarantee/July

5, 2006
	 	No	 	 
	Australian Timken 

Proprietary Limited

	 	Foreign Exchange (CL)
	 	Obligor
	 	ANZ
	 	AUD 500,000
	 	 	 	 	 	Letter dated Oct

19, 2004
	 	No	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Maximum Amount	 	 	 	 	 	Supporting	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	of	 	 	 	 	 	Documentation/	 	 	 	 
	 	 	 	 	Entity as	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Borrower, Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Australian Timken 

Proprietary Limited

	 	Foreign Exchange

Guarantee Agreement
	 	Obligor
	 	Societe Generale
	 	 	 	 	 	Refer to “Currency
Hedges” information
	 	Timken Foreign
Exchange Guarantee
Agreement/May 31,
2010
	 	No	 	 
	Timken Italia S.r.l.

	 	Overdraft line — on
ordinary account
	 	Borrower
	 	UBI — Banco di Brescia
	 	EUR 446,000.00
	 	EUR 0
	 	Overdraft line
	 	No	 	 
	Timken Italia S.r.l.

	 	Overdraft line — for
bank receipt advanced
discount
	 	Borrower
	 	UBI — Banco di Brescia
	 	EUR 300,000.00
	 	EUR 0
	 	Advanced cash of
bank receipt
	 	No	 	 
	Timken Italia S.r.l.

	 	Overdraft line — on
ordinary account
	 	Borrower
	 	Unicredit Bank
	 	EUR 1,000,000.00
	 	EUR 0
	 	Overdraft line /Dec

31, 2008
	 	No	 	 
	Timken Italia S.r.l.

	 	Foreign Exchange

Guarantee Agreement
	 	Obligor
	 	Societe Generale
	 	 	 	 	 	Refer to “Currency
Hedges” information
	 	Timken Foreign
Exchange Guarantee
Agreement/May 31,
2010
	 	No	 	 
	Timken Italia S.r.l.

	 	Ordinary guarantee
(Fidejussione) — ENPAM
— Office rental
	 	Borrower
	 	UBI — Banco di Brescia
	 	EUR 7,850
	 	 	 	 	 	Bank Guarantee
	 	No	 	 
	Timken Italia S.r.l.

	 	Ordinary guarantee
(Fidejussione) — LOCAL
AUTHORITY — Utilities
	 	Borrower
	 	UBI — Banco di Brescia
	 	EUR 940
	 	 	 	 	 	Bank Guarantee
	 	No	 	 
	Timken Italia S.r.l.

	 	Ordinary guarantee

(Fidejussione) —

ITALIAN RAILWAYS —

Supplies
	 	Borrower
	 	UBI — Banco di Brescia
	 	EUR 128,440
	 	 	 	 	 	Bank Guarantee
	 	No	 	 
	Timken Italia S.r.l.

	 	Ordinary guarantee
(Fidejussione) — THIRD
CUSTOMER — Supplies
	 	Borrower
	 	UBI — Banco di Brescia
	 	EUR 32,000
	 	 	 	 	 	Bank Guarantee
	 	No	 	 
	Timken Italia S.r.l.

	 	Ordinary guarantee
(Fidejussione) — THIRD
CUSTOMER — Supplies
	 	Borrower
	 	UBI — Banco di Brescia
	 	EUR 8,913
	 	 	 	 	 	Bank Guarantee
	 	No	 	 
	Timken do Brasil

	 	Line of credit
	 	Borrower
	 	Bank Itau BBA — Lender
	 	 	R$500,000	 	 	 	R$0	 	 	Credit line
contract dated
March 11, 2011
	 	No	 	 
	Timken do Brasil

	 	Credit Facility

Available-Long Term

Five Years

Financing-BNDES
	 	Borrower
	 	Bank Itau BBA  — Lender
	 	 	R$288,000	 	 	 	R$69,890	 	 	Contract Bank
Credit — (March 26,
2007)
	 	No	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Maximum Amount	 	 	 	 	 	Supporting	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	of	 	 	 	 	 	Documentation/	 	 	 	 
	 	 	 	 	Entity as	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Borrower, Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken (China)
Investment Co.,
Ltd.

	 	To guarantee bank loan

for Timken Shanghai

borrowings from China

Merchants Bank
	 	Guarantor
	 	China Merchants Bank

Shanghai Branch —

Lendor
	 	CNY 50,000,000
	 	CNY 44,128,280
	 	Credit line
contract dated Oct
09’2010
	 	No	 	 
	Timken (China)
Investment Co.,
Ltd.

	 	Performance bond
	 	Obligator
	 	Standard Chartered

Bank China Limited

Shanghai Branch —

Guarantor
	 	USD 1,000,000.00
	 	USD 1,000,000.00
	 	Timken Guarantee

Agreement dated Nov

19, 2010
	 	No
	 	Guarantee Agreement
dated Nov 19, 2010
issued by The
Timken Company to
SCB China
	Timken (China)
Investment Co.,
Ltd.

	 	To guarantee bank loan

for Yantai Timken

borrowings from China

EverBright Bank
	 	Guarantor
	 	China Everbright Bank
Yantai Branch — Lendor
	 	CNY50,000,000
	 	CNY 0
	 	No credit line contract signed, bank only grant the line of credit orally, board
resolution dated
Jul 08’2010. The
credit line should
be renewed in this
Jul.
	 	No	 	 
	Timken (Chengdu)
Aerospace &
Precision Products
Co., Ltd.

	 	USD Revolving loan
	 	Borrower
	 	Standard Chartered

Bank China Limited

Chengdu Branch — Lendor
	 	USD 10,000,000
	 	USD 2,800,000
	 	Timken Guarantee

Agreement dated Nov

19, 2010
	 	No
	 	Guarantee Agreement
dated Nov 19, 2010
issued by The
Timken Company to
SCB China
	Timken (Chengdu)
Aerospace &
Precision Products
Co., Ltd.

	 	RMB Overdraft
	 	Borrower
	 	Standard Chartered

Bank China Limited

Shanghai Branch-

Lendor
	 	CNY 15,000,000
	 	CNY 2,990,823
	 	Timken Guarantee

Agreement dated Nov

19, 2010
	 	No
	 	Guarantee Agreement
dated Nov 19, 2010
issued by The
Timken Company to
SCB China
	Jiangsu TWB
Bearings Company,
Ltd.

	 	Short term loan
	 	Borrower
	 	Standard Chartered
Bank of Shanhai Branch
- Lendor
	 	USD 5,000,000
	 	USD 0
	 	Timken Guarantee

Agreement dated Nov

19, 2010
	 	No
	 	Guarantee Agreement
dated Nov 19, 2010
issued by The
Timken Company to
SCB China

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Maximum Amount	 	 	 	 	 	Supporting	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	of	 	 	 	 	 	Documentation/	 	 	 	 
	 	 	 	 	Entity as	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Borrower, Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken XEMC (Hunan)
Bearings Co., Ltd.

	 	Long Term Loan
	 	Borrower
	 	Bank of China Xiangtan
Branch
	 	CNY 180,000,000
	 	CNY 130,000,000
	 	Credit Contract May

2009
	 	Yes
	 	Land, Building and
Equipment
	Timken Alloy Steel 

Europe Limited

	 	Rent Deposit Deed on

the Offices at Desford

Hall Unit 4, The Coach

House, Desford Hall,

Leicester Lane,

Desford,

Leicestershire
	 	Obligor
	 	SARAH JANE
SHROPSHIRE-BODDY
HELEN ELIZABETH
KNOWLES and CAROLYN
JANE SHROPSHIRE
(trading as Shropshire
Land & Co) all c/o
Narborough Wood Farm
Desford Road Enderby
Leicestershire LE19
4XT (“the Landlord”)
	 	GBP 4,440.00
	 	 	 	 	 	Lease Agreement
dated 3rd July 2009
	 	No	 	 
	Timken Germany GmbH

	 	Credit line (Overdraft)
	 	Borrower
	 	HSBC TRINKAUS
	 	EUR 6,000,000 *
	 	EUR 0
	 	Facility Letter —
March 10th, 2011 —
*Same Facility with
HSBC as Timken
Europe
	 	No	 	 
	Timken Germany GmbH

	 	Uncommitted Overdraft

Facility / Credit

Agreement
	 	Borrower
	 	JP MORGAN
	 	EUR 13,000,000
	 	EUR 0
	 	JPMorgan letter

dated Nov 21, 2007
	 	No	 	 
	Timken Germany GmbH

	 	Guarantee (Foreign

Exchange)
	 	Borrower
	 	HSBC TRINKAUS
	 	EUR 2,000,000 *
	 	EUR 598,000
	 	Facility Letter —
March 10th, 2011 —
*Same Facility with
HSBC as Timken
Europe
	 	No
	 	Guarantee for

Partial retirement
	Timken Germany GmbH

	 	Rent Guarantee
	 	Borrower
	 	HSBC TRINKAUS
	 	 	 	 	 	EUR 18,000
	 	HSBC letter dated

Dec 08, 2008
	 	No	 	 
	Timken India Limited

	 	Working Capital Loan —

Cash Credit
	 	Borrower
	 	State Bank of India
	 	Rs 150,000,000
	 	Rs 0
	 	Supp Working
Capital
Agreement/Dec 27.
2004
	 	Yes
	 	All fixed assets,
movables, stock of
raw materials,
semi-finished
goods, consumable
stores.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount	 	 	 	 	 	 	 	 
	 	 	 	 	Entity as	 	 	 	of	 	 	 	Supporting Documentation/	 	 	 	 
	 	 	 	 	Borrower,	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken India 

Limited

	 	Working Capital Loan —
Includes Letters of Credit
and Bank Guarantee
	 	Borrower
	 	State Bank of India
	 	Rs 85,000,000
	 	Rs 18,565,729
(Letters of Credit-
Rs 0)
	 	Supp Working Capital Agreement/Dec 27. 2004
	 	Yes
	 	All fixed assets,
movables, stock of
raw materials,
semi-finished
goods, consumable
stores.
	Timken India Limited

	 	Central Excise Bond
	 	Obligor
	 	 	 	Rs 1,00,00,000
	 	Rs 99,65,532
	 	01/Undertaking/Timken/Tech/Jsr/Div-IV/2009
Dt-07.10.2009	 	 	 	 
	Timken India Limited

	 	Central Excise Bond
	 	Obligor
	 	 	 	Rs 4,00,00,000
	 	Rs. 30,72,427
	 	Bond No- 07/Jsr/Div-II/2001 Acpt. By Dy
Commisioner Central Excise Dt-21-08-2001	 	 	 	 
	Timken Global 

Treasury SARL

	 	Foreign Exchange Guarantee

Agreement
	 	Obligor
	 	Societe Generale
	 	 	 	Refer to “Currency
Hedges” information
	 	Timken Foreign Exchange Guarantee
Agreement/May 31, 2010
	 	No	 	 
	Timken Espana S.L.

	 	Credit Line (Overdraft)
	 	Borrower
	 	Societe Generale
	 	EUR 30,000
	 	EUR 0
	 	Timken Master Guarantee Agreement/May 31,
2010
	 	No	 	 
	Timken de Mexico
S.A. de C.V.

	 	Facilities leasing contract
	 	 	 	Beneficiary: Banco
JP Morgan, S.A.
	 	1,000,000.00 USD
	 	1,216,659.25 USD up
to November 2013
	 	Guarantee Letter of Credit
	 	No	 	 
	Timken de Mexico
S.A. de C.V.

	 	Facilities leasing contract
	 	Tenant/Leasee
	 	Beneficiary:

Constructore Coexa

SA de CV
	 	2,500,000.00 USD
	 	2,500,000.00 USD
seven year of lease
contract
	 	Guarantee Letter / dated February 9, 2011
	 	No	 	 
	Timken Romania S.A.

	 	Facility Agreement
(issuance of Letters of
Guarantees, opening of
Letters of Credit,
endorsement of titles of
credit, overdraft in the
current account opened with
the bank)
	 	Borrower
	 	RBS Bank
	 	USD 2,000,000

(RON5,823,600)
	 	USD 846,126

(RON2,463,749)
	 	Credit Facility Agreement / Dec 08, 2010
	 	No
	 	Corporate Guarantee

issued by The

Timken Company

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount	 	 	 	 	 	 	 	 
	 	 	 	 	Entity as	 	 	 	of	 	 	 	Supporting Documentation/	 	 	 	 
	 	 	 	 	Borrower,	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken Romania S.A.

	 	Corporate Credit Cards
	 	Borrower
	 	RBS Bank
	 	USD 300,000
	 	USD 227,003
	 	None
	 	No
	 	Timken Romania has
an agreement with
RBS Bank for
business credit
cards in a limit of
$300,000, but there
is no formal
document between
Timken Romania and
RBS Bank Romania
certifying this
agreement.
	Timken Romania S.A.

	 	Uncommitted
multi-option/multi-currency
credit facility (issuance
of Letters of Guarantees,
issuance letters of credit
based on the commercial
contracts executed by the
borrower with third
parties, credit lines
(overdraft)).
	 	Borrower
	 	BRD Societe Generale
	 	EUR 1,500,000 
(RON
6,147,600)
	 	EUR 0
	 	Timken Master Guarantee Agreement/May 31,
2010
	 	No
	 	Master Guarantee

Agreement issued by

the Timken Company
	Timken Romania S.A.

	 	Foreign Exchange Guarantee

Agreement
	 	Obligor
	 	BRD Societe Generale
	 	 	 	Refer to “Currency
Hedges”
information.
	 	Timken Foreign Exchange Guarantee
Agreement/May 31, 2010
	 	No	 	 
	Timken Servicios
Administrativos
S.A. de C.V.

	 	Credit Facility (CL)
	 	Borrower
	 	Bancomer
	 	Pesos 1,000,000 
(or USD 84,008)
	 	Pesos 
52,121.80
	 	Comfort Letter dated 
Oct 25, 2001
	 	No	 	 
	Timken Servicios
Administrativos
S.A. de C.V.

	 	Operational Leasing
	 	Borrower
	 	Banorte
	 	Pesos 3,000,000

(or USD 252,027)
	 	Pesos 
1,128,885	 	 	 	 	 	 
	Timken Polska SP.
z.o.o.

	 	Overdraft facility
	 	Borrower
	 	Societe Generale
	 	11,500,000.00 EUR
	 	EUR 0
	 	Timken Master Guarantee Agreement/May 31,
2010
	 	No
	 	Corporate Master

Guarantee valid

till 11/30/2011

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount	 	 	 	 	 	 	 	 
	 	 	 	 	Entity as	 	 	 	of	 	 	 	Supporting Documentation/	 	 	 	 
	 	 	 	 	Borrower,	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken Polska SP.
z.o.o.

	 	Capital Lease
	 	Lessee
	 	ING Lease
	 	N/A
	 	47,637.00 PLN
	 	Various agreement with different dates
	 	No	 	 
	Timken Polska SP.
z.o.o.

	 	Capital Lease
	 	Lessee
	 	Europejski Fundusz

Leasingowy
	 	N/A
	 	59,632.00 PLN
	 	Various agreement with different dates
	 	No	 	 
	Timken Polska SP.
z.o.o.

	 	Capital Lease
	 	Lessee
	 	Handlowy Leasing
	 	N/A
	 	172,845.00 PLN
	 	Various agreement with different dates
	 	No	 	 
	Timken Polska SP.
z.o.o.

	 	Foreign Exchange Guarantee

Agreement
	 	Obligor
	 	Societe Generale
	 	 	 	Refer to “Currency
Hedges”
information.
	 	Timken Foreign Exchange Guarantee
Agreement/May 31, 2010
	 	No	 	 
	Timken Polska SP.
z.o.o.

	 	Foreign Exchange and Hedging
	 	Obligor
	 	PEKAO S.A.
	 	PLN 
20,000,000.00
	 	100,000.00 EUR
	 	Master Agreement on Bank Accounts and
Other Services (09/15/2010)
	 	No	 	 
	Timken Bearing 

Services-South 

Africa

	 	Capital Leases
	 	Lessee
	 	Toyota Forklift
	 	 	 	ZAR 58,083
	 	Various Agreements with different dates
	 	No	 	 
	Timken Canada LP

	 	Overall Credit Limit
	 	Borrower
	 	CIBC-Lender
	 	 	 	 	 	Credit Agreement dated November 18, 2008
	 	No	 	 
	Timken Canada LP

	 	— Operating Line (sublimit)
	 	— Borrower
	 	— CIBC-Lender
	 	CAD 600,000

(sublimit)
	 	CAD 0
	 	Credit Agreement dated November 18, 2008
	 	No	 	 
	Timken Canada LP

	 	— Documentary Import
Letters of Credit
(sublimit)
	 	— Borrower
	 	— CIBC-Lender
	 	CAD 30,000

(sublimit)
	 	CAD 0
	 	Credit Agreement dated November 18, 2008
	 	No	 	 
	Timken Canada LP

	 	— Financial Letters of
Credit & Guarantees
(sublimit)
	 	— Borrower
	 	— CIBC-Lender
	 	CAD 25,000

(sublimit)
	 	CAD 0
	 	Credit Agreement dated November 18, 2008
	 	No	 	 
	Timken Canada LP

	 	— Foreign Exchange
Contracts (sublimit)
	 	— Borrower
	 	— CIBC-Lender
	 	USD 100,000

(sublimit)
	 	Refer to “Currency
Hedges” information
	 	Credit Agreement dated November 18, 2008
	 	No	 	 
	Timken Engineering
and
Research — India
Private
Limited

	 	SEZ Bond
	 	Obligor
	 	HSBC Bank
	 	RS. 11,76,000
	 	 	 	071-185011-801	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount	 	 	 	 	 	 	 	 
	 	 	 	 	Entity as	 	 	 	of	 	 	 	Supporting Documentation/	 	 	 	 
	 	 	 	 	Borrower,	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken India
Manufacturing
Private Ltd.

	 	Packing Credit Foreign

Currency Loan
	 	Borrower
	 	Standard Chartered

Bank
	 	USD 10,000,000
	 	USD 7,000,000
	 	Agreement dated 18th October 2010
	 	No	 	 
	Timken India
Manufacturing
Private Ltd.

	 	Packing Credit Foreign

Currency Loan
	 	Borrower
	 	Bank of America
	 	USD 10,000,000
	 	USD 5,000,000
	 	Agreement dated 29th October 2010
	 	No	 	 
	Timken UK Limited

(includes TKR Rail 

Service UK)

	 	Guarantee (Timken UK Ltd.)
	 	Borrower
	 	HSBC-Beneficiary
	 	GBP 4,500,000
	 	GBP 0
	 	Guarantee/Dec 2010
	 	No	 	 
	Timken UK Limited

(includes TKR Rail 

Service UK)

	 	Lease w/Timken UK Ltd-Units

5, 7, & 8/IO Centre,	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Timken UK Limited

(includes TKR Rail 

Service UK)

	 	Lodge Farm, Duston,
Northampton (Timken Rail
Service-Branch of Timken
UK)
	 	Obligor
	 	Knight Frank LLP
	 	GBP 53,000
	 	 	 	Lease Agreement / May 24, 2002
	 	No	 	 
	Timken UK Limited

(includes TKR Rail 

Service UK)

	 	Customs & Excise Deferred
Duty Guarantee (Timken UK
Ltd).
	 	Obligor
	 	Midland Bank
	 	GBP 750,000
	 	GBP 0
	 	Midland Bank Guarantee Letter / Nov 3, 1997
	 	No	 	 
	Timken Rail Service

(Moscow)

	 	Foreign Exchange Guarantee

Agreement
	 	Obligor
	 	Societe Generale
	 	 	 	Refer to “Currency
Hedges” information
	 	Timken Foreign Exchange Guarantee
Agreement/May 31, 2010
	 	No	 	 
	Timken South Africa
(PTY.) Limited

	 	Bank Overdraft Facility
	 	Borrower
	 	Standard Bank of
South Africa
	 	ZAR 4,000,000
	 	ZAR 0
	 	General Facility (Updated 31 March 2011)
	 	No	 	 
	Timken South Africa
(PTY.) Limited

	 	Performance Bonds in
respect of Export Contracts
	 	Obligor
	 	Standard Bank of
South Africa
	 	ZAR 3,000,000
	 	ZAR 19,387,317	 	 	 	 	 	 
	Timken South Africa
(PTY.) Limited

	 	Derivative Products-

Foreign Exchange Forward

Contracts
	 	Obligor
	 	Standard Bank of
South Africa
	 	ZAR 12 000 000
	 	ZAR 0
	 	General Facility 
(Updated 01 June 2009)
	 	No	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount	 	 	 	 	 	 	 	 
	 	 	 	 	Entity as	 	 	 	of	 	 	 	Supporting Documentation/	 	 	 	 
	 	 	 	 	Borrower,	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken South Africa
(PTY.) Limited

	 	Foreign Exchange Guarantee

Agreement
	 	Obligor
	 	Societe Generale
	 	 	 	Refer to “Currency
Hedges” information
	 	Timken Foreign Exchange Guarantee
Agreement/May 31, 2010
	 	No	 	 
	Timken South Africa
(PTY.) Limited

	 	Vehicle and asset finance
	 	Borrower
	 	Standard Bank of
South Africa
	 	ZAR 120,000
	 	ZAR 30,346
	 	General Facility (Updated 31 March 2011)
	 	No	 	 
	Timken South Africa
(PTY.) Limited

	 	Credit card facility
	 	Borrower
	 	Standard Bank of
South Africa
	 	ZAR 2,000,000
	 	ZAR 66,704
	 	General Facility (Updated 31 March 2011)
	 	No	 	 
	Timken South Africa
(PTY.) Limited

	 	Capital Lease
	 	Lessee
	 	Toyota Forklift
	 	 	 	ZAR 220,777
	 	Various Agreements with different dates
	 	No	 	 
	Timken Receivables
Corp.

	 	Accounts Receivable

Securitization
	 	Seller
	 	Victory Receivables
Corp. (Bank of
Tokyo, Fifth Third)
	 	USD 150,000,000
	 	USD 0
	 	Amended & Restated Receivables Purchase

Agreement dtd Dec 30, 2005, as amended Nov

10, 2010
	 	Yes
	 	Accounts Receivable
	Timken GmbH

	 	Foreign Exchange Guarantee

Agreement
	 	Obligor
	 	Societe Generale
	 	 	 	Refer to “Currency
Hedges” information
	 	Timken Foreign Exchange Guarantee
Agreement/May 31, 2010
	 	No	 	 
	Timken (Shanghai)
Distribution &
Sales Co., Ltd.

	 	RMB short-term loan
	 	Borrower
	 	China Merchants
Bank Shanghai
Branch — Lendor
	 	CNY 50,000,000
	 	CNY 0
	 	Credit line contract dated Oct 09’2010
	 	No
	 	Guaranteed by
Timken China
Investment Co.
	Timken (Shanghai)
Distribution &
Sales Co., Ltd.

	 	Performance bond issued to
customer
	 	Obligator
	 	China Merchants
Bank Shanghai
Branch — Guarantor
	 	 	 	CNY 2,667,055
	 	Credit line contract dated Oct 09’2010
	 	No
	 	Guaranteed by
Timken China
Investment Co.
	Timken (Shanghai)
Distribution &
Sales Co., Ltd.

	 	L/C issued to vendors
	 	Obligator
	 	China Merchants
Bank Shanghai
Branch — Guarantor
	 	 	 	CNY 7,153,828
	 	Credit line contract dated Oct 09’2010
	 	No
	 	Guaranteed by
Timken China
Investment Co.
	Timken (Shanghai)
Distribution &
Sales Co., Ltd.

	 	 	 	 	 	China Merchants

Bank Shanghai

Branch -Guarantor
	 	 	 	CNY 34,307,397	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount	 	 	 	 	 	 	 	 
	 	 	 	 	Entity as	 	 	 	of	 	 	 	Supporting Documentation/	 	 	 	 
	 	 	 	 	Borrower,	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Timken (Shanghai)
Distribution &
Sales Co., Ltd.

	 	Advance payment bond issued
to customer
	 	Obligator
	 	China Merchants
Bank Shanghai
Branch — Guarantor
	 	 	 	CNY 0
	 	Credit line contract dated Oct 09’2010
	 	No
	 	Guaranteed by
Timken China
Investment Co.
	Timken (Shanghai)
Distribution &
Sales Co., Ltd.

	 	Performance bond
	 	Obligator
	 	Standard Chartered

Bank China Limited

Shanghai Branch —

Guarantor
	 	USD 2,000,000
	 	USD 96,976
	 	Timken Guarantee Agreement dated Nov 10,

2010
	 	No
	 	Guarantee Agreement
dated Nov 19’2010
issued by The
Timken Company to
SCB China
	Timken (Wuxi)
Bearings Co., Ltd.

	 	Short term loan (6 months)
	 	Borrower
	 	Bank of China Wuxi
Branch — Lendor
	 	CNY 130,000,000
	 	CNY 27,000,000
	 	Credit Line contract, Aug’2010.
	 	No	 	 
	Timken (Wuxi)
Bearings Co., Ltd.

	 	Short term loan (6 months)
	 	Borrower
	 	Bank of China Wuxi
Branch — Lendor
	 	 	 	CNY 20,000,000
	 	Credit Line contract, Aug’2010.
	 	No	 	 
	Timken (Wuxi)
Bearings Co., Ltd.

	 	Short term loan (6 months)
	 	Borrower
	 	Bank of China Wuxi
Branch — Lendor
	 	 	 	CNY 32,741,500
	 	Credit Line contract, Aug’2010.
	 	No	 	 
	Timken (Wuxi)
Bearings Co., Ltd.

	 	Overdraft
	 	Borrower
	 	Standard Chartered

Bank China Limited

Shanghai Branch —

Lendor
	 	CNY 84,997,151
	 	CNY 24,329,429
	 	Timken Guarantee Agreement dated Nov 10,

2010
	 	No	 	 
	Timken (Wuxi)
Bearings Co., Ltd.

	 	USD loan
	 	Borrower
	 	Standard Chartered

Bank China Limited

Shanghai Branch —

Lendor
	 	CNY 65,483,168
	 	CNY 0
	 	Timken Guarantee Agreement dated Nov 10,

2010
	 	No	 	 
	Timken (Wuxi)
Bearings Co., Ltd.

	 	RMB loan
	 	Borrower
	 	Standard Chartered

Bank China Limited

Shanghai Branch —

Lendor
	 	CNY 63,715,122
	 	CNY 0
	 	Timken Guarantee Agreement dated Nov 10,

2010
	 	No	 	 
	Timken (Wuxi)
Bearings Co., Ltd.

	 	L/C
	 	Borrower
	 	Standard Chartered

Bank China Limited

Shanghai Branch —

Lendor
	 	CNY 13,096,634
	 	CNY 0
	 	Timken Guarantee Agreement dated Nov 10,

2010
	 	No	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Identify Timken	 	 	 	Maximum Amount	 	 	 	 	 	 	 	 
	 	 	 	 	Entity as	 	 	 	of	 	 	 	Supporting Documentation/	 	 	 	 
	 	 	 	 	Borrower,	 	Identify Third Party as	 	Permitted	 	Amount	 	Agreements	 	 	 	 
	 	 	Description of	 	Guarantor,	 	Lender, Guarantor,	 	Indebtedness	 	Outstanding	 	Name & Date of	 	Secured	 	Description of
	Timken Entity	 	Indebtedness	 	Obligor, etc.	 	Beneficiary, etc.	 	under each Facility	 	31-Mar-11	 	Agreement	 	Facility	 	Collateral
	Yantai Timken Co.,
Ltd.

	 	Short term loan (1 Yr)
	 	Borrower
	 	China Everbright

Bank Yantai Branch

- Lendor
	 	CNY 50,000,000
	 	CNY 0
	 	No credit line contract signed, bank only
grant the line of credit orally, board
resolution dated Jul. 8’2010. The credit
line should be renewed in this Jul.
	 	No
	 	Guaranteed by
Timken China
Investment Co.

 

 

Schedule 8.08

Transactions with Affiliates

None.

 

 

Schedule 8.09

Burdensome Agreements

1. $9,500,000 State of Ohio Multi-Modal Interchangeable Rate Air Quality Development Revenue
Refunding Bonds, Series 2001 (negative pledge)

2. $12,200,000 State of Ohio Multi-Modal Interchangeable Rate Water Development Revenue Refunding
Bonds, Series 2001 (negative pledge)

3. $17,000,000 State of Ohio Pollution Control Revenue Refunding Bonds, Series 2003 (negative
pledge)

4. $250,000,000 Shelf Registration of Medium Term Notes, Form S-3, July 1, 1990 (restricts the
ability of the Borrower and its domestic subsidiaries to incur, issue, assume or guarantee any
indebtedness for borrowed money evidenced by notes, bonds, debentures or other similar evidences of
indebtedness that is secured by a mortgage on a Principal Manufacturing Property (as defined in the
related Indenture) of the Borrower or any domestic subsidiary or any shares of stock or debt of any
domestic subsidiary that owns a Principal Manufacturing Property without providing that the notes
are secured equally and ratably with (or prior to) such secured debt, subject to certain enumerated
exceptions; restricts the ability to engage in sale and leaseback transactions)

5. $300,000,000 Shelf Registration of Medium Term Notes, Form S-3, April 24, 1998 (restricts the
ability of the Borrower and its domestic subsidiaries to incur, issue, assume or guarantee any
indebtedness for borrowed money evidenced by notes, bonds, debentures or other similar evidences of
indebtedness that is secured by a mortgage on a Principal Manufacturing Property (as defined in the
related Indenture) of the Borrower or any domestic subsidiary or any shares of stock or debt of any
domestic subsidiary that owns a Principal Manufacturing Property without providing that the notes
are secured equally and ratably with (or prior to) such secured debt, subject to certain enumerated
exceptions; restricts the ability to engage in sale and leaseback transactions)

6. $250,000,000 Fixed-Rate 6.0% Unsecured Senior Notes due 2014 and related Indenture by and
between The Timken Company and The Bank of New York, as Trustee, dated as of February 18, 2003 as
supplemented by the First Supplemental Indenture, dated as of September 14, 2009, by and between
The Timken Company and The Bank of New York Mellon Trust Company, N.A. (successor to The Bank of
New York Mellon (formerly known as The Bank of New York)), (restricts the ability of the Borrower
and its domestic subsidiaries to incur, issue, assume or guarantee any indebtedness for borrowed
money evidenced by notes, bonds, debentures or other similar evidences of indebtedness that is
secured by a mortgage on a Principal Manufacturing Property (as defined in the related Indenture)
of the Borrower or any domestic subsidiary or any shares of stock or debt of any domestic
subsidiary that owns a Principal Manufacturing Property without providing that the notes are
secured equally and
ratably with (or prior to) such secured debt, subject to certain enumerated exceptions; restricts
the ability to engage in sale and leaseback transactions)

 

 

Schedule 11.02

Paying Agent’s Office, Certain Addresses for Notices

1. Address for Loan Parties:

	 	 	 

	The Timken Company
	1835 Dueber Avenue, S.W.
	P.O. Box 6928
	Canton, OH 44706-0928
	Attention:

	 	William R. Burkhart

Senior Vice President and General Counsel
	Telephone:

	 	(330) 471-3002
	Facsimile:

	 	(330) 471-4041
	Electronic Mail: 

	 	william.burkhart@timken.com

2. Addresses for Paying Agent, Co-Administrative Agents, L/C Issuer and Swing Line Lender:

Paying Agent’s Office:

(for Payments of Requests for Credit Extensions)

	 	 	 

	KeyBank National Association
	4900 Tiedeman Road
	Mail Code:

	 	OH-01-49-0114 Brooklyn, Ohio 44144
	Attn:

	 	Kathy Koenig
	Telephone:

	 	(216) 813-4814
	Facsimile:

	 	(216) 370-6113
	Electronic Mail: 	 	kathy_koenig@keybank.com
	Account No.:

	 	1140228209035
	Ref:

	 	TIMKEN
	ABA#:

	 	041001039

Other Notices to Co-Administrative Agents:

	 	 	 

	KeyBank National Association
	127 Public Square
	Mail Code:

	 	OH-01-27-0628 Cleveland, Ohio 44114
	Attn:

	 	Brian Fox
	Telephone:

	 	(216) 689-4599
	Facsimile:

	 	(216) 689-4649
	Electronic Mail: 	 	Brian_Fox@KeyBank.com
	 
	 	 
	Bank of America, N.A.
	231 S. La Salle St
	Chicago, IL 60604
	Mail Code: IL1-231-10-10
	Attn:

	 	Brian Lukehart
	Telephone:

	 	(312) 828-6883

 

 

	 	 	 

	Facsimile:

	 	       (415) 503-5148
	Electronic Mail:  brian.lukehart@bankofamerica.com

For Notices as Swing Line Lender:

	 	 	 

	KeyBank National Association
	4900 Tiedeman Road
	Mail Code:

	 	OH-01-49-0114 Brooklyn, Ohio 44144
	Attn:

	 	Kathy Koenig
	Telephone:

	 	(216) 813-4814
	Facsimile:

	 	(216) 370-6113
	Electronic Mail:  	 	kathy_koenig@keybank.com

For Notices as L/C Issuer:

	 	 	 

	KeyBank National Association
	4910 Tiedeman Road

	Mail Code:

	 	OH-01-51-0531 Brooklyn, OH 44144
	Attn:

	 	Tina Jones
	Telephone:

	 	(216) 813-1486
	Facsimile:

	 	(216) 813-3719
	Electronic Mail:  	 	tina_jones@keybank.com

 

 

EXHIBIT A

FORM OF COMMITTED LOAN NOTICE

Date: ____________, _____

	To: 	 	KeyBank National Association, as Paying Agent

Ladies and Gentlemen:

     Reference is made to that certain Second Amended and Restated Credit Agreement, dated as of
May 11, 2011 (as amended, restated, extended, supplemented or otherwise modified in writing from
time to time, the “Agreement”; the terms defined therein being used herein as therein
defined), among The Timken Company, an Ohio corporation (the “Borrower”), Bank of America,
N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association,
as Paying Agent, each lender from time to time party thereto (collectively, the “Lenders”
and individually, a “Lender”), and KeyBank National Association, as L/C Issuer and Swing
Line Lender.

     The undersigned hereby requests (select one):

o A Borrowing of Revolving Credit Loans

o A conversion or continuation of Revolving Credit Loans

	 	1.	 	On _____________________ (a Business Day).
	 
	 	2.	 	In the amount of________________________.
	 
	 	3.	 	Comprised of___________________________.

                       [Type of Loan requested]
	 
	 	4.	 	Currency: ______________________________ (Dollars or a Committed Currency).
	 
	 	5.	 	For Eurocurrency Rate Loans: with an Interest Period of ____ months.

     The Committed Borrowing requested herein complies with the proviso in Section 2.01 of
the Agreement. [The Borrower hereby represents and warrants that the conditions set forth in
Section 5.02(a) and (b) of the Credit Agreement will have been satisfied on and as
of the date of the requested Credit Extension.]

	 	 	 	 	 
	 	THE TIMKEN COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

EXHIBIT B

FORM OF SWING LINE LOAN NOTICE

Date: _____________ ______

	To:  	 	KeyBank National Association, as Paying Agent and Swing Line Lender

Ladies and Gentlemen:

     Reference is made to that certain Second Amended and Restated Credit Agreement, dated as of
May 11, 2011 (as amended, restated, extended, supplemented or otherwise modified in writing from
time to time, the “Agreement”; the terms defined therein being used herein as therein
defined), among The Timken Company, an Ohio corporation (the “Borrower”), Bank of America,
N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association,
as Paying Agent, each lender from time to time party thereto (collectively, the “Lenders”
and individually, a “Lender”), and KeyBank National Association, as L/C Issuer and Swing
Line Lender.

     The undersigned hereby requests a Swing Line Loan:

	 	1.	 	On __________________ (a Business Day).
	 
	 	2.	 	In the amount of $___________________.

     The Swing Line Borrowing requested herein complies with the requirements of the provisos to
the first sentence of Section 2.04(a) of the Agreement.

	 	 	 	 	 
	 	THE TIMKEN COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

EXHIBIT C

FORM OF REVOLVING CREDIT NOTE

_____________, ______

     FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
________________________ or registered assigns (the “Lender”), in accordance with the
provisions of the Agreement (as hereinafter defined), the unpaid principal amount of each Revolving
Credit Loan from time to time made by the Lender to the Borrower under that certain Second Amended
and Restated Credit Agreement, dated as of May 11, 2011 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms
defined therein being used herein as therein defined), among the Borrower, the Lender, Bank of
America, N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National
Association, as Paying Agent, each other lender from time to time party thereto, and KeyBank
National Association, as L/C Issuer and Swing Line Lender.

     The Borrower promises to pay interest on the unpaid principal amount of each Revolving Credit
Loan from the date of such Loan until such principal amount is paid in full, at such interest rates
and at such times as provided in the Agreement. Except as otherwise provided in Section
2.04(f) of the Agreement with respect to Swing Line Loans, all payments of principal and
interest shall be made to the Paying Agent for the account of the Lender in Dollars or the
Committed Currency, as applicable, in which such Revolving Credit Loan is denominated in
immediately available funds at the Paying Agent’s Office. If any amount is not paid in full when
due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date
thereof until the date of actual payment (and before as well as after judgment) computed at the per
annum rate set forth in the Agreement.

     This Revolving Credit Note is one of the Revolving Credit Notes referred to in the Agreement,
is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. This Revolving Credit Note is also entitled to the benefits of the
Guaranty. Upon the occurrence and continuation of one or more of the Events of Default specified
in the Agreement, all amounts then remaining unpaid on this Revolving Credit Note shall become, or
may be declared to be, immediately due and payable all as provided in the Agreement. Revolving
Credit Loans made by the Lender shall be evidenced by one or more loan accounts or records
maintained by the Lender in the ordinary course of business. The Lender may also attach schedules
to this Revolving Credit Note and endorse thereon the date, amount and maturity of its Revolving
Credit Loans and payments with respect thereto.

     The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Revolving Credit
Note.

     THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.

	 	 	 	 	 
	 	THE TIMKEN COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

EXHIBIT D

FORM OF COMPLIANCE CERTIFICATE

Financial Statement Date: _________

	To:  	 	Each Agent and each Lender as defined in the Agreement referred to below

Ladies and Gentlemen:

     Reference is made to that certain Second Amended and Restated Credit Agreement, dated as of
May 11, 2011 (as amended, restated, extended, supplemented or otherwise modified in writing from
time to time, the “Agreement”; the terms defined therein being used herein as therein
defined), among The Timken Company, an Ohio corporation (the “Borrower”), Bank of America,
N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association,
as Paying Agent, each lender from time to time party thereto (collectively, the “Lenders”
and individually, a “Lender”), and KeyBank National Association, as L/C Issuer and Swing
Line Lender.

     The undersigned Responsible Officer hereby certifies, in his/her capacity as a Responsible
Officer and not in his/her individual capacity, as of the date hereof that he/she is the
_____________________________ of the Borrower, and that, as such, he/she is authorized to execute
and deliver this Compliance Certificate to the Agents and the Lenders on the behalf of the
Borrower, and that:

[Use following paragraph 1 for fiscal year-end financial statements]

     1. Attached hereto as Schedule 1 are the year-end audited financial statements
required by Section 7.01(a) of the Agreement for the fiscal year of the Borrower ended as
of the above date, together with the report and opinion of an independent certified public
accountant required by such Section.

[Use following paragraph 1 for fiscal quarter-end financial statements]

     1. Attached hereto as Schedule 1 are the unaudited financial statements required by
Section 7.01(b) of the Agreement for the fiscal quarter of the Borrower ended as of the
above date. Such financial statements fairly present 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.

     2. The undersigned has reviewed and is familiar with the terms of the Agreement and has made,
or has caused to be made under his/her supervision, a detailed review of the transactions and
condition (financial or otherwise) of the Borrower during the accounting period covered by the
attached financial statements.

     3. A review of the activities of the Borrower during such fiscal period has been made under
the supervision of the undersigned with a view to determining whether during such fiscal period the
Borrower performed and observed all its Obligations under the Loan Documents, and

[select one.]

 

 

     [to the best knowledge of the undersigned during such fiscal period, the Borrower performed
and observed each covenant and condition of the Loan Documents applicable to it, and no Default or
Event of Default has occurred and is continuing.]

—or—

     [the following covenants or conditions have not been performed or observed and the following
is a list of each such Default or Event of Default and its nature and status:]

     4. The representations and warranties of the Borrower contained in Article VI of the
Agreement, or which are contained in any document furnished by the Borrower at any time under or in
connection with the Loan Documents, are true and correct in all material respects on and as of the
date hereof, except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they are true and correct as of such earlier date.

     5. The financial covenant analyses and information set forth on Schedule 2 attached
hereto are true and accurate on and as of the date of this Compliance Certificate.

     IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate as of
_____________, ___________.

	 	 	 	 	 
	 	THE TIMKEN COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SCHEDULE 1

to the Compliance Certificate

Please see attached.

 

 

SCHEDULE 2

to the Compliance Certificate

($ in 000’s)

For the Quarter/Year ended _____________________ (“Statement Date”)

	 	 	 	 	 	 	 	 	 	 	 

	I.	 	Section 8.11(a) — Consolidated Leverage Ratio.	 	 	 	 
	 	 	A.	 	Consolidated EBITDA for such period.	 	 	 	 
	 	 	 	 	1.	 	Consolidated Net Income:
	 	$	______	 
	 	 	 	 	2.	 	Consolidated Interest Charges (from Line II.B.1):
	 	$	______	 
	 	 	 	 	3.	 	federal, state, local and foreign income taxes (provision
for income taxes):
	 	$	______	 
	 	 	 	 	4.	 	consolidated EBIT (Line I.A.1 plus Line I.A.2 plus
Line I.A.3):
	 	$	______	 
	 	 	 	 	5.	 	depreciation and amortization expense:
	 	$	______	 
	 	 	 	 	6.	 	other non-recurring expenses and charges reducing
Consolidated Net Income which do not represent a
cash item in such period or any future period:
	 	$	______	 
	 	 	 	 	7.	 	losses realized upon Disposition of assets outside
the ordinary course of business:
	 	$	______	 
	 	 	 	 	8.	 	non-cash impairment, restructuring, reorganization,
implementation, manufacturing rationalization and other
special charges:
	 	$	______	 
	 	 	 	 	9.	 	non-recurring material income non-cash items increasing
Consolidated Net Income:
	 	$	______	 
	 	 	 	 	10.	 	gains realized upon Disposition of assets outside
the ordinary course of business:
	 	$	______	 
	 	 	 	 	11.	 	payments (net of expenses) received with respect to
United States — Continued Dumping and Subsidy
Offset Act of 2000:
	 	$	______	 
	 	 	 	 	12.	 	Consolidated EBITDA (Line I.A.4 plus Line I.A.5
plus Line I.A.6 plus Line I.A.7 plus Line I.A.8
minus Line I.A.9 minus Line I.A.10
minus Line.I.A.11:
	 	$	______	 

 

 

	 	 	 	 	 	 	 	 	 	 	 

	 	 	B.	 	Consolidated Funded Indebtedness.	 	 	 	 
	 	 	 	 	1.	 	the outstanding principal amount of all obligations, whether current or long-term, for
borrowed money including obligations for borrowed money and obligations evidenced by bonds,
debentures, notes, loan agreements or other similar instruments:
	 	$	______	 
	 	 	 	 	2.	 	Purchase money Indebtedness:
	 	$	______	 
	 	 	 	 	3.	 	Direct letters of credit obligations (standby and commercial), bankers’ acceptances, bank
guaranties, surety bonds and similar instruments:
	 	$	______	 
	 	 	 	 	4.	 	Obligations for deferred purchase price of property or services (other than (i) trade accounts payable in the
ordinary course of business and (ii) earn-outs, hold-backs and other deferred payment of consideration in
connection with Permitted Acquisitions to the extent not required to be reflected as liabilities on the
balance sheet of the Borrower and its Subsidiaries in accordance with GAAP):
	 	$	______	 
	 	 	 	 	5.	 	Attributable Indebtedness (in respect of capital leases and Synthetic Lease Obligations):
	 	$	______	 
	 	 	 	 	6.	 	Off-Balance Sheet Liabilities:
	 	$	______	 
	 	 	 	 	7.	 	Guarantees with respect to outstanding Indebtedness (other than Indebtedness that is
contingent in nature) of the types specified in Lines I.B.1 through I.B.6 of Persons other
than the Borrower or any Subsidiary:
	 	$	______	 
	 	 	 	 	8.	 	Indebtedness of the types referred to in Lines I.B.1 through I.B.7 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 Subsidiary is a
general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or such
Subsidiary:
	 	$	______	 
	 	 	 	 	9.	 	Consolidated Funded Indebtedness (Line I.B.1 plus Line I.B.2 plus Line I.B.3 plus Line
I.B.4 plus Line I.B.5 plus Line I.B.6 plus Line I.B.7 plus Line I.B.8):
	 	$	______	 
	 	 	C.	 	Consolidated Leverage Ratio (Line I.B.9 divided by Line I.A.13):	 	 	____ to 1.0	 
	 	 	 	 	Maximum permitted: 3.25 to 1.0	 	 	 	 
	II.	 	Section 8.11(b) — Consolidated Interest Coverage Ratio.	 	 	 	 
	 	 	A.	 	Consolidated EBITDA for such period (from Line I.A.13):	 	$	______	 

 

 

	 	 	 	 	 	 	 	 	 	 	 

	 	 	B.	 	Consolidated Interest Charges	 	$	______	 
	 	 	 	 	1.	 	Interest, premium payments, debt discount, fees, charges and related expenses for
borrowed money (including capitalized interest) or for the deferred purchase price of
assets, in each case to the extent treated as interest in accordance with GAAP, net of
interest income in accordance with GAAP:
	 	$	______	 
	 	 	C.	 	Consolidated Interest Coverage Ratio (Line II.A divided by
Line II.B.):	 	 	_____ to 1.0	 
	 	 	 	 	Minimum required: 4.0 to 1.0	 	 	 	 

 

 

EXHIBIT E

ASSIGNMENT AND ASSUMPTION

     This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the
Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the
“Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used
but not defined herein shall have the meanings given to them in the Credit Agreement identified
below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the
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 Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Paying Agent as contemplated below (i) all of the Assignor’s rights
and obligations as a Lender 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 under the respective
facilities identified below (including, without limitation, Letters of Credit, Guaranty and Swing
Line 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 rights of the Assignor (in its
capacity as a Lender) 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 pursuant to clauses (i)
and (ii) above being referred to herein collectively as, the “Assigned Interest”). Such
sale and assignment is without recourse to the Assignor and, except as expressly provided in this
Assignment and Assumption, without representation or warranty by the Assignor.

	 	 	 	 	 	 	 

	1.	 	Assignor: ____________________________
	 
	 	 	 	 	 	 
	2.	 	Assignee: ____________________ [and is an Affiliate/Approved Fund of

                  [identify Lender]1]
	 
	 	 	 	 	 	 
	3.	 	Borrower: The Timken Company
	 
	 	 	 	 	 	 
	4.

	 	Paying Agent:
	 	KeyBank National Association, as the paying agent under the Credit Agreement	 	 
	 
	 	 	 	 	 	 
	5.

	 	Credit Agreement:
	 	The Second Amended and Restated Credit
Agreement, dated as of May 11, 2011, among
the Borrower, the Paying Agent, Bank of
America, N.A. and KeyBank National
Association, as Co-Administrative Agents,
each lender from time to time party thereto,
and KeyBank National Association, as L/C
Issuer and Swing Line Lender.	 	 
	 
	 	 	 	 	 	 
	6.

	 	Assigned Interest:	 	 	 	 

 

			
	1	 	Select as applicable.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Aggregate	 	 	 	 	 	 	 	 	 
	Amount of	 	Amount of	 	 	Percentage	 	 	 	 
	Commitment/Loans	 	Commitment/Loans	 	 	Assigned of	 	 	 	 
	for all Lenders	 	Assigned	 	 	Commitment/Loans2	 	 	 	 
	$_____________
	 	$_____________	 	 	 	 	_____________%	 	 	 	 	 
	$_____________
	 	$_____________	 	 	 	 	_____________%	 	 	 	 	 
	$_____________
	 	$_____________	 	 	 	 	_____________%	 	 	 	 	 

[7. Trade Date:                      ______________]3

Effective Date: ______________, 20_ [TO BE INSERTED BY THE PAYING 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:

	 	 	 	 	 
	 	ASSIGNOR

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	ASSIGNEE

[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

[Consented to and]4 Accepted:

	 	 	 	 	 
	KEYBANK NATIONAL ASSOCIATION,

as Paying Agent

 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 

[Consented to:]5

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 

 

			
	2	 	Set forth, to at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.
	 
	3	 	To be completed if the Assignor and the
Assignee intend that the minimum assignment amount is to be determined as of
the Trade Date.
	 
	4	 	To be added only if the consent of the Paying
Agent is required by the terms of the Credit Agreement.
	 
	5	 	To be added only if the consent of the
Borrower and/or other parties (e.g. Swing Line Lender, L/C Issuer) is required
by the terms of the Credit Agreement.

 

 

ANNEX I TO ASSIGNMENT AND ASSUMPT1ON

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (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 (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, (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.

     1.2. Assignee. The 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 the requirements to be an assignee under Section 11.07(b)(iii),
(iv), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required
under Section 11.07(b)(ii) 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 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 7.01 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 Assigned Interest, (vi)
it has, independently and without reliance upon any 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 Assigned Interest, and (vii) if it
is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant
to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees
that (i) it will, independently and without reliance on any Agent, the 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 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.

     2. Payments. From and after the Effective Date, the Paying Agent shall make all
payments in respect of the Assigned Interest (including payments of principal, interest, fees and
other amounts) to the Assignee whether such amounts have accrued prior to or on or after the
Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by
the Paying Agent for periods prior to the Effective Date or with respect to the making of this
assignment directly between themselves.

 

 

     3. General Provisions. 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 New York.

 

 

EXHIBIT F

FORM OF JOINDER AGREEMENT

     THIS JOINDER AGREEMENT (the “Agreement”) dated as of __________, 20___ is by and among
__________, a __________ (the “New Subsidiary”), and KeyBank National Association and Bank
of America, N.A., as Co-Administrative Agents under that certain Second Amended and Restated Credit
Agreement (as amended, modified, supplemented and extended from time to time, the “Credit
Agreement”) dated as of May 11, 2011 among The Timken Company, an Ohio corporation (the
“Borrower”), the Co-Administrative Agents, KeyBank National Association, as Paying Agent,
each lender from time to time party thereto (collectively, the “Lenders” and individually,
a “Lender”) and KeyBank National Association, as L/C Issuer and Swing Line Lender.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement.

     The Loan Parties are required by Section 7.12 of the Credit Agreement to cause the New
Subsidiary to become a “Guarantor” thereunder. Accordingly, the New Subsidiary hereby agrees as
follows with the Co-Administrative Agents, for the benefit of the Lenders:

     1. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this
Agreement, the New Subsidiary will be deemed to be a party to the Credit Agreement and a
“Guarantor” for all purposes of the Credit Agreement, and shall have all of the obligations of a
Guarantor thereunder as if it had executed the Credit Agreement. The New Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and
conditions applicable to the Guarantors contained in the Credit Agreement. Without limiting the
generality of the foregoing terms of this paragraph 1, the New Subsidiary hereby jointly and
severally together with the other Guarantors, guarantees to each Lender and the Administrative
Agent, as provided in Article IV of the Credit Agreement, the prompt payment and
performance of the Obligations in full when due (whether at stated maturity, as a mandatory
prepayment, by acceleration or otherwise) strictly in accordance with the terms thereof.

     2. The Subsidiary hereby represents and warrants to the Agent that, as of the date hereof:

     (a) The New Subsidiary’s exact legal name and state of formation are as set forth on
the signature pages hereto.

     (b) Schedule 1 hereto includes all Subsidiaries of the New Subsidiary,
including the number of shares of outstanding Capital Stock and the percentage of such
Capital Stock owned by the New Subsidiary.

     3. The address of the New Subsidiary for purposes of all notices and other communications is
the address designated for all Loan Parties on Schedule 11.02 to the Credit Agreement or
such other address as the New Subsidiary may from time to time notify the Co-Administrative Agents
in writing.

     4. The New Subsidiary hereby waives acceptance by the Co-Administrative Agents and the Lenders
of the Guaranty by the New Subsidiary under Article IV of the Credit Agreement upon the
execution of this Agreement by the New Subsidiary.

     5. This Agreement may be executed in multiple counterparts, each of which shall constitute an
original but all of which when taken together shall constitute one contract. Delivery by
telecopier or other electronic transmission (including .pdf) of an executed counterpart of a
signature page to this Agreement shall be effective as delivery of an original counterpart of this
Agreement.

     6. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.

 

 

Schedule 1

Subsidiaries

 

 

IN WITNESS WHEREOF, the New Subsidiary has caused this Joinder Agreement to be duly executed
by its authorized officer, and each Co-Administrative Agent, for the benefit of the Lenders, has
caused the same to be accepted by its authorized officer, as of the day and year first above
written.

	 	 	 	 	 
	 	[NEW SUBSIDIARY],

a[n] [__________] [__________]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	Acknowledged and accepted:

KEYBANK NATIONAL ASSOCIATION,

as Co-Administrative Agent

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

	 	 	 	 	 
	BANK OF AMERICA, N.A.,

as Co-Administrative Agent

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:exv10w1

Exhibit 10.1

Published CUSIP Number:                     

EXECUTION COPY

 

$175,000,000

CREDIT AGREEMENT

among

EZCORP, INC.,

as Borrower,

CERTAIN DOMESTIC SUBSIDIARIES OF THE BORROWER

FROM TIME TO TIME PARTY HERETO,

as Guarantors,

THE LENDERS PARTY HERETO,

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

BBVA COMPASS BANK

as Syndication Agent

Dated as of May 10, 2011

WELLS FARGO SECURITIES, LLC,

and

BBVA COMPASS BANK

as Joint Lead Arrangers and Joint Bookrunners

 

			
	 
	Prepared by:
	 	

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	 	Page	 
	ARTICLE I DEFINITIONS
	 	 	1	 
	Section 1.1 Defined Terms
	 	 	1	 
	Section 1.2 Other Definitional Provisions
	 	 	31	 
	Section 1.3 Accounting Terms
	 	 	32	 
	Section 1.4 Time References
	 	 	33	 
	Section 1.5 Execution of Documents
	 	 	33	 
	 
	ARTICLE II THE LOANS; AMOUNT AND TERMS
	 	 	33	 
	Section 2.1 Revolving Loans
	 	 	33	 
	Section 2.2 Incremental Loans
	 	 	35	 
	Section 2.3 Letter of Credit Subfacility
	 	 	38	 
	Section 2.4 Swingline Loan Subfacility
	 	 	42	 
	Section 2.5 Fees
	 	 	44	 
	Section 2.6 Commitment Reductions
	 	 	45	 
	Section 2.7 Prepayments
	 	 	46	 
	Section 2.8 Default Rate and Payment Dates
	 	 	47	 
	Section 2.9 Conversion Options
	 	 	47	 
	Section 2.10 Computation of Interest and Fees; Usury
	 	 	48	 
	Section 2.11 Pro Rata Treatment and Payments
	 	 	49	 
	Section 2.12 Non-Receipt of Funds by the Administrative Agent
	 	 	52	 
	Section 2.13 Inability to Determine Interest Rate
	 	 	53	 
	Section 2.14 Yield Protection
	 	 	54	 
	Section 2.15 Compensation for Losses; Eurocurrency Liabilities
	 	 	55	 
	Section 2.16 Taxes
	 	 	56	 
	Section 2.17 Indemnification; Nature of Issuing Lender’s Duties
	 	 	60	 
	Section 2.18 Illegality
	 	 	61	 
	Section 2.19 Replacement of Lenders
	 	 	62	 
	Section 2.20 Cash Collateral
	 	 	63	 
	Section 2.21 Defaulting Lenders
	 	 	64	 
	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES
	 	 	67	 
	Section 3.1 Financial Condition
	 	 	67	 
	Section 3.2 No Material Adverse Effect
	 	 	67	 
	Section 3.3 Corporate Existence; Compliance with Law; Patriot Act Information
	 	 	67	 
	Section 3.4 Corporate Power; Authorization; Enforceable Obligations
	 	 	68	 
	Section 3.5 No Legal Bar; No Default
	 	 	68	 
	Section 3.6 No Material Litigation
	 	 	69	 
	Section 3.7 Investment Company Act; etc.
	 	 	69	 
	Section 3.8 Margin Regulations
	 	 	69	 
	Section 3.9 ERISA
	 	 	69	 
	Section 3.10 Environmental Matters
	 	 	70	 
	Section 3.11 Use of Proceeds
	 	 	71	 
	Section 3.12 Subsidiaries; Joint Ventures; Partnerships
	 	 	71	 
	Section 3.13 Ownership
	 	 	71	 

i

 

	 	 	 	 	 
	 	 	 	Page	 
	Section 3.14 Consent; Governmental Authorizations
	 	 	71	 
	Section 3.15 Taxes
	 	 	71	 
	Section 3.16 Collateral Representations
	 	 	72	 
	Section 3.17 Solvency
	 	 	72	 
	Section 3.18 Compliance with FCPA
	 	 	72	 
	Section 3.19 No Burdensome Restrictions
	 	 	72	 
	Section 3.20 Brokers’ Fees
	 	 	72	 
	Section 3.21 Labor Matters
	 	 	72	 
	Section 3.22 Accuracy and Completeness of Information
	 	 	73	 
	Section 3.23 Material Contracts
	 	 	73	 
	Section 3.24 Insurance
	 	 	73	 
	Section 3.25 Security Documents
	 	 	73	 
	Section 3.26 Subordinated Debt
	 	 	73	 
	Section 3.27 Anti-Terrorism Laws
	 	 	74	 
	Section 3.28 Compliance with OFAC Rules and Regulations
	 	 	74	 
	 
	ARTICLE IV CONDITIONS PRECEDENT
	 	 	74	 
	Section 4.1 Conditions to Closing Date
	 	 	74	 
	Section 4.2 Conditions to All Extensions of Credit
	 	 	79	 
	 
	ARTICLE V AFFIRMATIVE COVENANTS
	 	 	80	 
	Section 5.1 Financial Statements
	 	 	80	 
	Section 5.2 Certificates; Other Information
	 	 	81	 
	Section 5.3 Payment of Taxes and Other Obligations
	 	 	82	 
	Section 5.4 Conduct of Business; Maintenance of Existence; Consents
	 	 	82	 
	Section 5.5 Maintenance of Property; Insurance
	 	 	83	 
	Section 5.6 Maintenance of Books and Records
	 	 	83	 
	Section 5.7 Notices
	 	 	83	 
	Section 5.8 Environmental Laws
	 	 	85	 
	Section 5.9 Financial Covenants
	 	 	85	 
	Section 5.10 Additional Guarantors
	 	 	86	 
	Section 5.11 Compliance with Law
	 	 	86	 
	Section 5.12 Pledged Assets
	 	 	86	 
	Section 5.13 Further Assurances and Post-Closing Covenants
	 	 	87	 
	Section 5.14 Use of Proceeds
	 	 	88	 
	 
	ARTICLE VI NEGATIVE COVENANTS
	 	 	88	 
	Section 6.1 Indebtedness
	 	 	89	 
	Section 6.2 Liens
	 	 	90	 
	Section 6.3 Nature of Business
	 	 	93	 
	Section 6.4 Consolidation, Merger, Sale or Purchase of Assets, etc.
	 	 	93	 
	Section 6.5 Advances, Investments and Loans
	 	 	94	 
	Section 6.6 Transactions with Affiliates
	 	 	96	 
	Section 6.7 [Intentionally Omitted]
	 	 	96	 
	Section 6.8 Corporate Changes
	 	 	96	 
	Section 6.9 Limitation on Restricted Actions
	 	 	96	 
	Section 6.10 Restricted Payments
	 	 	97	 
	Section 6.11 Amendment of Subordinated Debt
	 	 	97	 

ii

 

	 	 	 	 	 
	 	 	 	Page	 
	Section 6.12 Sale Leasebacks
	 	 	97	 
	Section 6.13 [Intentionally Omitted]
	 	 	98	 
	Section 6.14 Unrestricted Entities
	 	 	98	 
	 
	ARTICLE VII EVENTS OF DEFAULT
	 	 	99	 
	Section 7.1 Events of Default
	 	 	99	 
	Section 7.2 Acceleration; Remedies
	 	 	102	 
	 
	ARTICLE VIII THE ADMINISTRATIVE AGENT
	 	 	103	 
	Section 8.1 Appointment and Authority
	 	 	103	 
	Section 8.2 Nature of Duties
	 	 	103	 
	Section 8.3 Exculpatory Provisions
	 	 	104	 
	Section 8.4 Reliance by Administrative Agent
	 	 	104	 
	Section 8.5 Notice of Default
	 	 	105	 
	Section 8.6 Non-Reliance on Administrative Agent and Other Lenders
	 	 	105	 
	Section 8.7 Indemnification
	 	 	106	 
	Section 8.8 Administrative Agent in Its Individual Capacity
	 	 	106	 
	Section 8.9 Successor Administrative Agent
	 	 	106	 
	Section 8.10 Collateral and Guaranty Matters
	 	 	107	 
	Section 8.11 Bank Products
	 	 	108	 
	 
	ARTICLE IX MISCELLANEOUS
	 	 	108	 
	Section 9.1 Amendments, Waivers, Consents and Release of Collateral
	 	 	108	 
	Section 9.2 Notices
	 	 	111	 
	Section 9.3 No Waiver; Cumulative Remedies
	 	 	113	 
	Section 9.4 Survival of Representations and Warranties
	 	 	113	 
	Section 9.5 Payment of Expenses and Taxes; Indemnity
	 	 	113	 
	Section 9.6 Successors and Assigns; Participations
	 	 	115	 
	Section 9.7 Right of Set-off; Sharing of Payments
	 	 	120	 
	Section 9.8 Table of Contents and Section Headings
	 	 	121	 
	Section 9.9 Counterparts; Effectiveness; Electronic Execution
	 	 	121	 
	Section 9.10 Severability
	 	 	122	 
	Section 9.11 Integration
	 	 	122	 
	Section 9.12 Governing Law
	 	 	122	 
	Section 9.13 Consent to Jurisdiction; Service of Process and Venue
	 	 	122	 
	Section 9.14 Confidentiality
	 	 	123	 
	Section 9.15 Acknowledgments
	 	 	124	 
	Section 9.16 Waivers of Jury Trial; Waiver of Consequential Damages
	 	 	124	 
	Section 9.17 Patriot Act Notice
	 	 	124	 
	Section 9.18 Resolution of Drafting Ambiguities
	 	 	125	 
	Section 9.19 Continuing Agreement
	 	 	125	 
	Section 9.20 Press Releases and Related Matters
	 	 	125	 
	Section 9.21 Appointment of Borrower
	 	 	125	 
	Section 9.22 No Advisory or Fiduciary Responsibility
	 	 	126	 
	Section 9.23 Responsible Officers
	 	 	126	 
	 
	ARTICLE X GUARANTY
	 	 	127	 
	Section 10.1 The Guaranty
	 	 	127	 
	Section 10.2 Bankruptcy
	 	 	127	 

iii

 

	 	 	 	 	 
	 	 	 	Page	 
	Section 10.3 Nature of Liability
	 	 	128	 
	Section 10.4 Independent Obligation
	 	 	128	 
	Section 10.5 Authorization
	 	 	128	 
	Section 10.6 Reliance
	 	 	129	 
	Section 10.7 Waiver
	 	 	129	 
	Section 10.8 Limitation on Enforcement
	 	 	130	 
	Section 10.9 Confirmation of Payment
	 	 	130	 

iv

 

	 	 	 
	Schedules
	 	 
	 
	Schedule 1.1(c)

	 	Existing Letters of Credit
	Schedule 3.23

	 	Material Contracts
	Schedule 6.1(b)

	 	Indebtedness
	Schedule 6.2(i)

	 	Liens
	Schedule 6.5(b)

	 	Investments
	 
	Exhibits
	 	 
	 
	Exhibit 1.1(a)

	 	Form of Account Designation Notice
	Exhibit 1.1(b)

	 	Form of Assignment and Assumption
	Exhibit 1.1(c)

	 	Form of Joinder Agreement
	Exhibit 1.1(d)

	 	Form of Notice of Borrowing
	Exhibit 1.1(e)

	 	Form of Notice of Conversion/Extension
	Exhibit 1.1(f)

	 	Form of Permitted Acquisition Certificate
	Exhibit 1.1(g)

	 	Form of Bank Product Provider Notice
	Exhibit 2.1(e)

	 	Form of Revolving Loan Note
	Exhibit 2.4(d)

	 	Form of Swingline Loan Note
	Exhibit 2.16

	 	Form of U.S. Tax Compliance Certificate
	Exhibit 4.1(b)

	 	Form of Officer’s Certificate
	Exhibit 4.1(f)

	 	Form of Solvency Certificate
	Exhibit 4.1(o)

	 	Form of Financial Condition Certificate
	Exhibit 5.2(a)

	 	Form of Officer’s Compliance Certificate

v

 

     THIS CREDIT AGREEMENT, dated as of May 10, 2011, is by and among EZCORP, INC., a Delaware
corporation (the “Borrower”), the Guarantors (as hereinafter defined), the Lenders (as
hereinafter defined) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as
administrative agent for the Lenders hereunder (in such capacity, the “Administrative
Agent”).

W I T N E S S E T H:

     WHEREAS, the Credit Parties (as hereinafter defined) have requested that the Lenders make
loans and other financial accommodations to the Credit Parties in an aggregate amount of up to
$175,000,000, as more particularly described herein; and

     WHEREAS, the Lenders have agreed to make such loans and other financial accommodations to the
Credit Parties on the terms and conditions contained herein.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the parties hereto, such parties hereby agree as follows:

ARTICLE I

DEFINITIONS

     Section 1.1 Defined Terms.

     As used in this Agreement, terms defined in the preamble to this Agreement have the
meanings therein indicated, and the following terms have the following meanings:

     “Account Designation Notice” shall mean the Account Designation Notice dated as of the
Closing Date from the Borrower to the Administrative Agent in substantially the form attached
hereto as Exhibit 1.1(a).

     “Accumulated Other Comprehensive Income or Loss” means, at any particular time, the
amount shown in the equity section of the Borrower’s consolidated balance sheet under the same or
similar title, or, if presented on the balance sheet using a different name, having such meaning as
specified in GAAP.

     “Acquired Indebtedness” shall mean Indebtedness of the type described in Section
6.1(b)(ii).

     “Additional Credit Party” shall mean each Person that becomes a Guarantor by execution
of a Joinder Agreement in accordance with Section 5.10.

     “Administrative Agent” or “Agent” shall have the meaning set forth in the
first paragraph of this Agreement and shall include any successors in such capacity.

 

 

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

     “Affiliate” shall mean, 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.

     “Agent Parties” shall have the meaning set forth in Section 9.2(d)(ii).

     “Aggregate Revolving Exposure” means, at any time, the sum of the Revolving Exposures
of all Revolving Lenders at such time.

     “Agreement” or “Credit Agreement” shall mean this Agreement, as amended,
modified, extended, restated, replaced, or supplemented from time to time in accordance with its
terms.

     “Alternate Base Rate” shall mean, 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% and (c) the sum of (i) LIBOR (as determined pursuant to the definition
of LIBOR), for an Interest Period of one (1) month commencing on such day plus (ii) 1.00%.
For purposes hereof: “Prime Rate” shall mean, at any time, the rate of interest per annum
publicly announced or otherwise identified from time to time by Wells Fargo at its principal office
in Charlotte, North Carolina as its prime rate. Each change in the Prime Rate shall be effective
as of the opening of business on the day such change in the Prime Rate occurs. The parties hereto
acknowledge that the rate announced publicly by Wells Fargo as its Prime Rate is an index or base
rate and shall not necessarily be its lowest or best rate charged to its customers or other banks;
and “Federal Funds Effective Rate” shall mean, for any day, the weighted average of the
rates on overnight federal funds transactions with members of the Federal Reserve System arranged
by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve
Bank of New York, or, if such rate is not so published on the next succeeding Business Day, the
average of the quotations for the day of such transactions received by the Administrative Agent
from three federal funds brokers of recognized standing selected by it. Any change in the
Alternate Base Rate due to a change in any of the foregoing will become effective on the effective
date of such change in the Federal Funds Rate, the Prime Rate or LIBOR for an Interest Period of
one (1) month. Notwithstanding anything contained herein to the contrary, to the extent that the
provisions of Section 2.13 shall be in effect in determining LIBOR pursuant to clause (c) hereof,
the Alternate Base Rate shall be the greater of (i) the Prime Rate in effect on such day and (ii)
the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.

     “Alternate Base Rate Loans” shall mean Loans that bear interest at an interest rate
based on the Alternate Base Rate.

     “Anti-Terrorism Order” shall mean that certain Executive Order 13224 signed into law
on September 23, 2001.

2

 

     “Applicable Margin” shall mean, for any day, the rate per annum set forth below
opposite the applicable level then in effect (based on the Total Leverage Ratio), it being
understood that the Applicable Margin for (a) Revolving Loans that are Alternate Base Rate Loans
shall be the percentage set forth under the column “Base Rate Margin”, (b) Revolving Loans that are
LIBO Rate Loans shall be the percentage set forth under the column “LIBOR Margin & L/C Fee”, (c)
the Letter of Credit Fee shall be the percentage set forth under the column “LIBOR Margin & L/C
Fee”, and (d) the Commitment Fee shall be the percentage set forth under the column “Commitment
Fee”:

Applicable Margin

	 	 	 	 	 	 	 	 	 
	 	 	 	 	LIBOR	 	 	 	 
	 	 	Total Leverage	 	Margin	 	Base Rate	 	 
	Level	 	Ratio	 	& L/C Fee	 	Margin	 	Commitment Fee
	I	 	≥ 1.50 to 1.00	 	2.75%	 	1.75%	 	0.50%
	II
	 	≥ 1.00 to 1.00 but < 1.50 to 1.00	 	2.50%	 	1.50%	 	0.50%
	III
	 	≥ 0.50 to 1.00 but < 1.00 to 1.00	 	2.25%	 	1.25%	 	0.375%
	IV
	 	< 0.50 to 1.00	 	2.00%	 	1.00%	 	0.375%

     The Applicable Margin shall, in each case, be determined and adjusted quarterly on the date
five (5) Business Days after the date on which the Administrative Agent has received from the
Borrower the quarterly financial information (in the case of the first three fiscal quarters of the
Borrower’s fiscal year), the annual financial information (in the case of the fourth fiscal quarter
of the Borrower’s fiscal year) and the certifications required to be
delivered to the Administrative Agent and the Lenders in accordance with the provisions of
Sections 5.1(a), 5.1(b) and 5.2(a) (each an “Interest Determination Date”). Such
Applicable Margin shall be effective from such Interest Determination Date until the next such
Interest Determination Date. After the Closing Date, if the Credit Parties shall fail to provide
the financial information or certifications in accordance with the provisions of Sections 5.1(a),
5.1(b) and 5.2(a), the Applicable Margin shall, on the date five (5) Business Days after the date
by which the Credit Parties were so required to provide such financial information or
certifications to the Administrative Agent and the Lenders, be based on Level I until such time as
such information or certifications or corrected information or corrected certificates are provided,
whereupon the Level shall be determined by the then current Total Leverage Ratio. Notwithstanding
the foregoing, the initial Applicable Margins shall be set with pricing no lower than that set
forth in Level II until the financial information and certificates required to be delivered
pursuant to Section 5.1 and 5.2(a) for the first full fiscal quarter to occur following the Closing
Date have been delivered to the Administrative Agent, for distribution to the Lenders;
provided that if the quarterly financial information as of the most recent Interest
Determination Date would result in a higher Applicable Margin (i.e. Level I), such higher
Applicable Margin shall apply. In the event that any financial statement or certification
delivered pursuant to Sections 5.1 or 5.2(a) is shown to be inaccurate (regardless of whether this
Agreement or the Commitments are in effect when such inaccuracy is discovered), and such
inaccuracy, if corrected, would have led to the

3

 

application of a higher Applicable Margin for any
period (an “Applicable Period”) than the Applicable Margin applied for such Applicable
Period, the Borrower shall immediately (a) deliver to the Administrative Agent a corrected
compliance certificate for such Applicable Period, (b) determine the Applicable Margin for such
Applicable Period based upon the corrected compliance certificate, and (c) pay to the
Administrative Agent for the benefit of the Lenders within three (3) Business Days after its
receipt of demand therefor the accrued additional interest and other fees owing as a result of such
increased Applicable Margin for such Applicable Period, which payment shall be promptly distributed
by the Administrative Agent to the Lenders entitled thereto. It is acknowledged and agreed that
nothing contained herein shall limit the rights of the Administrative Agent and the Lenders under
the Credit Documents, including their rights under Sections 2.8 and 7.1.

     “Applicable Percentage” shall mean, with respect to any Lender, the percentage of the
total Revolving Commitments represented by such Lender’s Revolving Commitment. If the Revolving
Commitments have terminated or expired, the Applicable Percentage shall be determined based on the
Revolving Commitments most recently in effect, giving effect to any assignments.

     “Approved Bank” shall have the meaning set forth in the definition of “Cash
Equivalents.”

     “Approved Fund” shall mean any Fund that is administered, managed or underwritten 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” shall mean WFS and BBVA Compass Bank.

     “Assignment and Assumption” shall mean an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section
9.6), and accepted by the Administrative Agent, in substantially the form of Exhibit 1.1(b)
or any other form approved by the Administrative Agent.

     “Australian Dollars” shall mean the lawful currency of the Commonwealth of Australia.

     “Authorized Officers” shall mean the Responsible Officers and any other officer of a
Credit Party that is duly authorized to execute and deliver, on behalf of such Credit Party, the
Credit Agreement and the other Credit Documents to which such Credit Party is a party.

     “Bank Product” shall mean any of the following products, services or facilities
extended to any Credit Party by any Bank Product Provider: (a) Cash Management Services; (b)
products under any Hedging Agreement; and (c) commercial credit card, purchase card and merchant
card services; provided, however, that for any of the foregoing to be included as
“Credit Party Obligations” for purposes of a distribution under Section 2.11(b), the applicable
Bank Product Provider must have previously provided a Bank Product Provider Notice to the
Administrative Agent which shall provide the following information: (i) the existence of such Bank
Product and (ii) the maximum dollar amount (if reasonably capable of being determined) of
obligations

4

 

arising thereunder (the “Bank Product Amount”). The Bank Product Amount may be changed from time to time upon written notice to the
Administrative Agent by the Bank Product Provider. Any Bank Product established from and after the
time that the Lenders have received written notice from the Company or the Administrative Agent
that an Event of Default exists, until such Event of Default has been waived in accordance with
Section 9.1, shall not be included as “Credit Party Obligations” for purposes of a distribution
under Section 2.11(b).

     “Bank Product Amount” shall have the meaning set forth in the definition of Bank
Product.

     “Bank Product Debt” shall mean the Indebtedness and other obligations of any Credit
Party relating to Bank Products.

     “Bank Product Provider” shall mean any Person that provides Bank Products to a Credit
Party to the extent that (a) such Person is a Lender, an Affiliate of a Lender or any other Person
that was a Lender (or an Affiliate of a Lender) at the time it entered into the Bank Product but
has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement
or (b) such Person is a Lender or an Affiliate of a Lender on the Closing Date and the Bank Product
was entered into on or prior to the Closing Date (even if such Person ceases to be a Lender or such
Person’s Affiliate ceased to be a Lender).

     “Bank Product Provider Notice” shall mean a notice substantially in the form of
Exhibit 1.1(g).

     “Bankruptcy Code” shall mean the Bankruptcy Code in Title 11 of the United States
Code, as amended, modified, succeeded or replaced from time to time.

     “Bankruptcy Event” shall mean any of the events described in Section 7.1(f).

     “Borrower” shall have the meaning set forth in the first paragraph of this Agreement.

     “Borrowing Date” shall mean, in respect of any Loan, the date such Loan is made.

     “Brady Act” shall mean the Brady Handgun Violence Prevention Act § 102(s)(1), 18
U.S.C.A. § 922(s)(1).

     “Business” shall have the meaning set forth in Section 3.10(b).

     “Business Day” shall mean any day other than a Saturday, Sunday or other day on which
commercial banks in Charlotte, North Carolina or New York, New York are authorized or required by
law to close; provided, however, that when used in connection with a rate
determination, borrowing or payment in respect of a LIBO Rate Loan, the term “Business Day” shall
also exclude any day on which banks in London, England are not open for dealings in Dollar deposits
in the London interbank market.

5

 

     “Capital Lease” shall mean any lease of property, real or personal, the obligations
with respect to which are required to be capitalized on a balance sheet of the lessee in accordance
with GAAP.

     “Capital Lease Obligations” shall mean the capitalized lease obligations relating to a
Capital Lease determined in accordance with GAAP.

     “Cash Collateralize” shall mean to pledge and deposit with or deliver to the
Administrative Agent, for the benefit of the Administrative Agent, the Issuing Lender or Swingline
Lender (as applicable) and the Lenders, as collateral for LOC Obligations, obligations in respect
of Swingline Loans, or obligations of Lenders to fund participations in respect of either thereof
(as the context may require), cash or deposit account balances or, if the Issuing Lender or
Swingline Lender benefiting from such collateral shall agree in its sole discretion, other credit
support, in each case pursuant to documentation in form and substance satisfactory to (a) the
Administrative Agent and (b) the applicable Issuing Lender or the Swingline Lender. “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” shall mean (a) securities issued or directly and fully guaranteed
or insured by the United States of America or any agency or instrumentality thereof
(provided that the full faith and credit of the
United States of America is pledged in support thereof) having maturities of not more than
twelve months from the date of acquisition (“Government Obligations”), (b) Dollar
denominated time deposits, certificates of deposit, Eurodollar time deposits and Eurodollar
certificates of deposit of (i) any Revolving Lender or other domestic commercial bank of recognized
standing having capital and surplus in excess of $500,000,000 or (ii) any bank whose short-term
commercial paper rating at the time of the acquisition thereof is at least A-1 or the equivalent
thereof from S&P or is at least P-1 or the equivalent thereof from Moody’s (any such bank being an
“Approved Bank”), in each case with maturities of not more than 364 days from the date of
acquisition, (c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or
by the parent company thereof) or any variable rate notes issued by, or guaranteed by any domestic
corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent
thereof) or better by Moody’s and maturing within six months of the date of acquisition, (d)
repurchase agreements with a term of not more than thirty (30) days with a bank or trust company
(including a Lender) or a recognized securities dealer having capital and surplus in excess of
$500,000,000 for direct obligations issued by or fully guaranteed by the United States of America,
(e) obligations of any state of the United States or any political subdivision thereof for the
payment of the principal and redemption price of and interest on which there shall have been
irrevocably deposited Government Obligations maturing as to principal and interest at times and in
amounts sufficient to provide such payment, (f) money market accounts subject to Rule 2a-7 of the
Investment Company Act of 1940 (“Rule 2a-7”) which consist primarily of cash and cash
equivalents set forth in clauses (a) through (e) above and of which 95% shall at all times be
comprised of First Tier Securities (as defined in Rule 2a-7) and any remaining amount shall at all
times be comprised of Second Tier Securities (as defined in Rule 2a-7) and (g) shares of any
so-called “money market fund”; provided that such fund is registered under the Investment
Company Act of 1940, has net assets of at least $500,000,000 and has an investment portfolio with
an average maturity of 365 days or less.

6

 

     “Cash Management Services” shall mean any services provided from time to time to any
Credit Party in connection with operating, collections, payroll, trust, or other depository or
disbursement accounts, including automatic clearinghouse, controlled disbursement, depository,
electronic funds transfer, information reporting, lockbox, stop payment, overdraft and/or wire
transfer services and all other treasury and cash management services.

     “CCV” shall mean Cash Converters International, Limited, an Australian corporation.

     “CCV Acquisition” shall mean an acquisition or any series of related acquisitions by
the Borrower and/or a Subsidiary of the Borrower of sufficient Voting Stock or economic interests
of CCV such that, when combined with the Voting Stock of CCV owned by the Borrower on the Closing
Date, results in the ownership by the Borrower and/or a Subsidiary of the Borrower of a majority of
the outstanding Voting Stock or economic interests of CCV so long as:

     (i) no Default or Event of Default shall then exist or would exist immediately after
giving effect thereto;

     (ii) the aggregate purchase price consideration shall not exceed $75,000,000 Australian
Dollars; and

     (iii) (A) the Borrower shall demonstrate to the reasonable satisfaction of the
Administrative Agent that, after giving effect to the acquisition on a Pro Forma Basis, (1)
the Credit Parties are in compliance with each of the financial covenants set forth in
Section 5.9 and (2) the Total Leverage Ratio shall be at least 0.25 to 1.0 less than the
then required Total Leverage Ratio set forth in Section 5.9 and (B) the Administrative Agent
shall have received (1) audited financial statements of CCV for its two most recent fiscal
years and unaudited financial statements for any fiscal half-years ended within the fiscal
year to date and (2) a certificate executed by an Authorized Officer of the Borrower
certifying that both before and immediately after giving effect to the consummation of such
acquisition, no Default or Event of Default exists.

     “CCV Joint Ventures” shall mean (a) any joint venture to be established by the
Borrower and/or one of its Subsidiaries and CCV to develop a business similar to the CCV business
in all geographical areas within North America and South America using certain assets, contracts
and intellectual property rights to be transferred by CCV and its related entities and (b) any
joint venture to be established by the Borrower and/or one of its Subsidiaries to
develop a business similar to the CCV business in all geographical areas outside of Australia,
the United Kingdom, North America and South America using certain assets, contracts and
intellectual property rights to be transferred by CCV and its related entities.

     “Change in Law” shall mean the occurrence, after the date of this Agreement, of any of
the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any
change in any law, rule, regulation or treaty or in the administration, interpretation or
application thereof by any Governmental Authority or (c) the making or issuance of any request,
rule, guideline or directive (whether or not having the force of law) by any Governmental
Authority;

7

 

provided, that notwithstanding anything herein to the contrary, (i) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or
directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory
authorities, in each case pursuant to Basel III, shall in each case not be deemed to be a “Change
in Law”, regardless of the date enacted, adopted or issued.

     “Change of Control” shall mean, at any time, any “person” or “group” (as such terms
are used in Section 13(d) and 14(d) of the Exchange Act), other than, directly or indirectly, (i)
Phillip E. Cohen, (ii) the spouse and lineal descendants and spouses of lineal descendents of
Phillip E. Cohen, (iii) the estates or legal representatives of any Person named in clauses (i) or
(ii) or (iv) trusts established for the benefit of any Person named in clauses (i) or (ii),
directly or indirectly, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5
under the Exchange Act, except that a person shall be deemed to have “beneficial ownership” of all
securities that such person has the right to acquire, whether such right is exercisable immediately
or only after the passage of time), directly or indirectly, of fifty percent (50%) or more of the
then outstanding Voting Stock of the Borrower.

     “Closing Date” shall mean the date of this Agreement.

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

     “Collateral” shall mean a collective reference to the collateral which is identified
in, and at any time will be covered by, the Security Documents and any other property or assets of
a Credit Party, whether tangible or intangible and whether real or personal, that may from time to
time secure the Credit Party Obligations; provided that there shall be excluded from the
Collateral (a) all real property or leased real property owned or leased by any of the Credit
Parties, (b) any personal property of the Credit Parties where the Administrative Agent and the
Borrower agree that the cost of obtaining a security interest in such assets are excessive in
relation to the value afforded thereby, (c) any account, instrument, chattel paper or other
obligation or property of any kind due from, owed by, or belonging to, a Sanctioned Person or
Sanctioned Entity, (d) any lease in which the lessee is a Sanctioned Person or Sanctioned Entity,
(e) any Equity Interests that are not required to be pledged by any Credit Party under Section 5.12
and (f) any personal property to the extent no grant of a security interest is required pursuant to
Section 5.10.

     “Commitment” shall mean the Revolving Commitments, the LOC Commitment and the
Swingline Commitment, individually or collectively, as appropriate.

     “Commitment Fee” shall have the meaning set forth in Section 2.5(a).

     “Commitment Letter” shall mean that certain Commitment Letter dated as of March 1,
2011 by and among, Wells Fargo, WFS and the Borrower.

8

 

     “Commitment Period” shall mean (a) with respect to Revolving Loans and Swingline
Loans, the period from and including the Closing Date to but excluding the Revolver Maturity Date
and (b) with respect to Letters of Credit, the period from and including the Closing Date to but
excluding the date that is thirty (30) days prior to the Revolver Maturity Date.

     “Committed Funded Exposure” shall mean, as to any Lender at any time, the aggregate
principal amount at such time of its outstanding Loans, LOC Obligations and Participation Interests
at such time.

     “Commonly Controlled Entity” shall mean an entity, whether or not incorporated, which
is under common
control with the Borrower within the meaning of Section 4001(b)(1) of ERISA or is part of a
group which includes the Borrower and which is treated as a single employer under Section 414(b) or
414(c) of the Code or, solely for purposes of Section 412 of the Code to the extent required by
such Section, Section 414(m) or 414(o) of the Code.

     “Consolidated” shall mean, when used with reference to financial statements or
financial statement items of the Borrower and its Subsidiaries or any other Person, such statements
or items on a consolidated basis in accordance with the consolidation principles of GAAP;
provided that when used in connection with the calculation of the financial covenants set
forth in Section 5.9 or any component definition thereof, the amounts (whether positive or
negative) attributable to minority interests held by equity holders of the Subsidiaries shall be
excluded.

     “Consolidated Capital Expenditures” shall mean, as of any date of determination for
the four (4) consecutive fiscal quarter period ending on such date, all expenditures of the Credit
Parties and their Restricted Subsidiaries on a Consolidated basis for such period that in
accordance with GAAP would be classified as capital expenditures, including, without limitation,
Capital Lease Obligations. The term “Consolidated Capital Expenditures” shall not include (a) any
Permitted Acquisition, (b) the CCV Acquisition; (c) any Investment permitted by Section 6.5(h) or
(d) capital expenditures in respect of the reinvestment of proceeds from insurance.

     “Consolidated EBITDA” shall mean, as of any date of determination for the four (4)
consecutive fiscal quarter period ending on such date, without duplication, (a) Consolidated Net
Income for such period plus (b) the sum of the following to the extent deducted in
calculating Consolidated Net Income for such period: (i) Consolidated Interest Expense for such
period, (ii) tax expense (including, without limitation, any federal, state, local and foreign
income and similar taxes) of the Credit Parties and their Subsidiaries for such period on a
Consolidated basis, (iii) depreciation and amortization expense of the Credit Parties and their
Subsidiaries for such period on a Consolidated basis and (iv) other material non-cash charges
(excluding reserves for future cash charges) of the Credit Parties and their Subsidiaries for such
Period minus (c) any material non-cash gains during such period. Consolidated EBITDA will
exclude all extraordinary items of income and loss.

     “Consolidated Funded Debt” shall mean, as of any date of determination, Funded Debt of
the Credit Parties and their Subsidiaries on a Consolidated basis.

9

 

     “Consolidated Interest Expense” shall mean, as of any date of determination for the
four (4) consecutive fiscal quarter period ending on such date, all interest expense (excluding
amortization of debt discount and premium, but including the interest component under Capital
Leases and synthetic leases, tax retention operating leases, off-balance sheet loans and similar
off-balance sheet financing products) for such period of the Credit Parties and their Subsidiaries
on a Consolidated basis.

     “Consolidated Net Income” shall mean, as of any date of determination for the four (4)
consecutive fiscal quarter period ending on such date, the aggregate net income or loss (excluding
extraordinary losses and gains) of the Borrower and its consolidated Subsidiaries on a Consolidated
basis for such period, calculated in accordance with GAAP; provided that there shall be excluded
from such calculation the income or loss of any Person (other than a Subsidiary) of which the
Borrower or any Subsidiary owns Capital Stock, except to the extent of the amount of dividends or
other distributions actually paid to the Borrower or any of the Credit Parties during such period.

     “Consolidated Rent Expense” shall mean, as of any date of determination for the four
(4) consecutive fiscal quarter period ending on such date, all rent expense for such period of the
Credit Parties and their Subsidiaries on a Consolidated basis.

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

     “Control” shall mean 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.

     “Copyright Licenses” shall mean any agreement, whether written or oral, providing for
the grant by or to a
Person of any right under any Copyright.

     “Copyrights” shall mean all copyrights in all Works, all registrations and recordings
thereof, and all applications in connection therewith, including, without limitation,
registrations, recordings and applications in the United States Copyright Office or in any similar
office or agency of the United States, any state thereof or any other country or any political
subdivision thereof, or otherwise and all renewals thereof.

     “Corporate Investment Policy” shall mean that certain Corporate Investment Policy
adopted by the Borrower’s board of directors on July 21, 2006, as the same may be amended or
modified in accordance with Section 6.8.

     “Credit Documents” shall mean this Agreement, each of the Notes, any Joinder
Agreement, the Letters of Credit, LOC Documents and the Security Documents and all other
agreements, documents, certificates and instruments delivered to the Administrative Agent or

10

 

any
Lender by any Credit Party in connection therewith (other than any agreement, document, certificate
or instrument related to a Bank Product).

     “Credit Party” shall mean any of the Borrower or the Guarantors.

     “Credit Party Obligations” shall mean, without duplication, (a) the Obligations and
(b) for purposes of the Security Documents and all provisions under the other Credit Documents
relating to the Collateral, the sharing thereof and/or payments from proceeds of the Collateral,
all Bank Product Debt.

     “CSO LC Issuer” means, with respect to any CSO LC, the Borrower or any of the Credit
Parties that issued such CSO LC.

     “CSO LC” means, any letter of credit issued by a CSO LC Issuer to an unaffiliated
third party lender for the account of a borrower of a consumer loan in connection with the CSO
Program.

     “CSO LC Disbursement” means a disbursement by a CSO LC Issuer to an unaffiliated third
party lender in connection with a drawing under a CSO LC.

     “CSO Program” means the credit services organization program, or a substantially
similar program, implemented from time to time by the Borrower or any of the Credit Parties in
compliance with applicable provisions of law, including without limitation in those instances where
Texas law is applicable, the Texas Finance Code and Sections 302 and 393 thereof.

     “Debtor Relief Laws” shall mean the Bankruptcy Code 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” shall mean any of the events specified in Section 7.1, whether or not any
requirement for the giving of notice or the lapse of time, or both, or any other condition, has
been satisfied.

     “Default Rate” shall mean (a) when used with respect to the Obligations, other than
Letter of Credit Fees, an interest rate equal to (i) for Alternate Base Rate Loans (A) the
Alternate Base Rate plus (B) the Applicable Margin applicable to Alternate Base Rate Loans
plus (C) 2.00% per annum and (ii) for LIBO Rate Loans, (A) the LIBO Rate plus (B)
the Applicable Margin applicable to LIBO Rate Loans plus (C) 2.00% per annum, (b) when used
with respect to Letter of Credit Fees, a rate equal to the Applicable Margin applicable to Letter
of Credit Fees plus 2.00% per annum and (c) when used with respect to any other fee or
amount due hereunder, a rate equal to the Applicable Margin applicable to Alternate Base Rate Loans
plus 2.00% per annum.

     “Defaulting Lender” shall mean, subject to Section 2.21(b), any Lender that, as
determined by the Administrative Agent (with notice to the Borrower of such determination), (a)

11

 

has
failed to perform any of its funding obligations hereunder, including in respect of its Loans or
participations in Letters of Credit or Swingline Loans, within three Business Days of the date
required to be funded by it hereunder, (b) has notified the Borrower
or 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 or, except
in connection with a good faith dispute, under other agreements in which it commits to extend
credit, (c) has failed, within three Business Days after request by the Administrative Agent, to
confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding
obligations, or (d) has, or has a direct or indirect parent company that has, (i) become the
subject of a proceeding under any Debtor Relief Law, or (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; 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.

     “Disposition” shall have the meaning set forth in Section 6.4.

     “Dollars” and “$” shall mean dollars in lawful currency of the United States
of America.

     “Domestic Lending Office” shall mean, initially, the office of each Lender designated
as such Lender’s Domestic Lending Office shown in such Lender’s Administrative Questionnaire; and
thereafter, such other office of such Lender as such Lender may from time to time specify to the
Administrative Agent and the Borrower as the office of such Lender at which Alternate Base Rate
Loans of such Lender are to be made.

     “Domestic Subsidiary” shall mean any Subsidiary that is organized and existing under
the laws of the United States or any state or commonwealth thereof or under the laws of the
District of Columbia; provided that “Domestic Subsidiaries” shall not include any
Subsidiary owned by a Foreign Subsidiary.

     “Eligible Assignee” shall mean (a) a Lender, (b) an Affiliate of a Lender, (c) an
Approved Fund and (d) any other Person (other than a natural person) approved by (i) the
Administrative Agent, (ii) the Issuing Lender and (iii) unless an Event of Default has occurred and
is continuing, the Borrower (each such approval not to be unreasonably withheld or delayed);
provided that notwithstanding the foregoing, “Eligible Assignee” shall not include (A) any
Credit Party or any of the Credit Party’s Affiliates or Subsidiaries or (B) any Defaulting Lender
(or any of their Affiliates).

     “Environmental Laws” shall mean any and all applicable foreign, federal, state, local
or municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees or requirements
of any Governmental Authority or common law regulating, relating to or imposing liability or
standards of conduct concerning protection of human health or the environment, as now or may at any
time be in effect during the term of this Agreement.

12

 

     “Equity Interests” shall mean (a) in the case of a corporation, capital stock, (b) in
the case of an association or business entity, any and all shares, interests, participations,
rights or other equivalents (however designated) of capital stock, (c) in the case of a
partnership, partnership interests (whether general, preferred or limited), (d) in the case of a
limited liability company, membership interests and (e) any other interest or participation that
confers or could confer on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person, including, without limitation, options, warrants
and any other “equity security” as defined in Rule 3a11-1 of the Exchange Act.

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

     “Event of Default” shall mean any of the events specified in Section 7.1;
provided, however, that any requirement for the giving of notice or the lapse of
time, or both, or any other condition, has been satisfied.

     “Existing Letter of Credit” shall mean each of the letters of credit described by
applicant, date of issuance, letter of credit number, amount, beneficiary and the date of expiry on
Schedule 1.1(c) hereto.

     “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

     “Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, the
Issuing Lender or any other recipient of any payment to be made by or on account of any obligation
of any Credit Party under any Credit Document, (a) any Net Income Taxes, (b) any Other Connection
Taxes, (c) any U.S. federal withholding Tax imposed by a law in effect at the time a Foreign Lender
becomes a party hereto (or designates a new lending office), with respect to any payment made by or
on account of any obligation of a U.S. Borrower to such Foreign Lender, except to the extent that
such Foreign Lender (or its assignor, if any) was entitled, at the time of the assignment (or
designation of a new lending office), to receive additional amounts with respect to such
withholding Tax pursuant to Section 2.16(a), (d) Taxes attributable to a Foreign Lender’s failure
to comply with Section 2.16(f), (e) any U.S. federal withholding Tax imposed on any payment of fees
pursuant to Section 2.5 and (f) any Taxes imposed on any “withholdable payment” payable to such
recipient as a result of the failure of such recipient to satisfy the applicable requirements as
set forth in FATCA.

     “Exposed L/C Obligations” shall have the meaning set forth in Section
2.21(a)(iii)(B).

     “Extension of Credit” shall mean, as to any Lender, the making of a Loan by such
Lender, any conversion of a Loan from one Type to another Type, any extension of any Loan or the
issuance, extension or renewal of, or participation in, a Letter of Credit or Swingline Loan by
such Lender.

     “FATCA” shall mean Sections 1471 through 1474 of the Code and any regulations with
respect thereto or official interpretations thereof.

13

 

     “Federal Funds Effective Rate” shall have the meaning set forth in the definition of
“Alternate Base Rate”.

     “Fee Letter” shall mean the letter agreement dated March 1, 2011, addressed to the
Borrower from Wells Fargo and WFS, as amended, modified, extended, restated, replaced, or
supplemented from time to time.

     “Fixed Charge Coverage Ratio” shall mean, as of any date of determination, for the
Credit Parties and their Subsidiaries on a Consolidated basis, the ratio of (a) the sum of (i)
Consolidated EBITDA plus (ii) Consolidated Rent Expense minus (iii) Consolidated
Capital Expenditures minus (iv) any dividends paid in cash by the Borrower during the four
(4) consecutive fiscal quarter period ending on such date minus (v) from and after the date
any Unrestricted Entity becomes a Subsidiary of the Borrower, any dividends paid in cash by such
Person (other than dividends paid in cash by such Person to a Credit Party or a wholly-owned
Subsidiary of a Credit Party) during the four (4) consecutive fiscal quarter period ending on such
date minus (vi) all cash income taxes paid during the four (4) consecutive fiscal quarter
period ending on such date to (b) the sum of (i) Consolidated Interest Expense, plus (ii)
Scheduled Funded Debt Payments (excluding the principal amount of Revolving Loans then outstanding)
plus (iii) Consolidated Rent Expense.

     “Foreign Lender” shall mean any Lender that is organized under the laws of a
jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of
this definition, the United States of America, each State thereof and the District of Columbia
shall be deemed to constitute a single jurisdiction.

     “Foreign Subsidiary” shall mean any Subsidiary that is not a Domestic Subsidiary.

     “Fronting Exposure” shall mean, at any time there is a Defaulting Lender, (a) with
respect to any Issuing Lender, such Defaulting Lender’s Applicable Percentage of the outstanding
LOC Obligations with respect to Letters of Credit issued by such Issuing Lender other than LOC
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
any Swingline Lender, such Defaulting Lender’s Applicable Percentage of outstanding Swingline Loans
made by such Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s
participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance
with the terms hereof.

     “Fund” shall mean 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.

     “Funded Debt” shall mean, with respect to any Person, without duplication, all
Indebtedness of such Person (other than Indebtedness set forth in clause (h) of such definition).

     “GAAP” shall mean generally accepted accounting principles in effect in the United
States of America (or, in the case of Foreign Subsidiaries with significant operations outside the

14

 

United States of America, generally accepted accounting principles in effect from time to time in
their respective jurisdictions of organization or formation) applied on a consistent basis,
subject, however, in the case of determination of compliance with the financial
covenants set out in Section 5.9 to the provisions of Section 1.3.

     “Government Acts” shall have the meaning set forth in Section 2.17.

     “Government Obligations” shall have the meaning set forth in the definition of “Cash
Equivalents.”

     “Governmental Authority” shall mean 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).

     “Guarantors” shall mean the direct and indirect Domestic Subsidiaries of the Borrower
as are, or may from time to time become parties to this Agreement and “Guarantor” means any one of
them.

     “Guaranty” shall mean the guaranty of the Guarantors set forth in Article X.

     “Guaranty Obligations” shall mean, with respect to any Person, without duplication,
any obligations of such Person (other than endorsements in the ordinary course of business of
negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any
Indebtedness of any other Person in any manner, whether direct or indirect, and including, without
limitation, any obligation, whether or not contingent, (a) to purchase any such Indebtedness or any
property constituting security therefor, (b) to advance or provide funds or other support for the
payment or purchase of any such Indebtedness or to maintain working capital, solvency or other
balance sheet condition of such other Person (including, without limitation, keep well agreements,
maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of
any holder of Indebtedness of such other Person, (c) to lease or purchase property, securities or
services primarily for the purpose of assuring the holder of such Indebtedness, or (d) to otherwise
assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The
amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be
deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if
larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

     “Hedging Agreements” shall mean, with respect to any Person, any agreement entered
into to protect such Person against fluctuations in interest rates, or currency or raw materials
values, including, without limitation, any interest rate swap, cap or collar agreement or similar
arrangement between such Person and one or more counterparties, any foreign currency exchange
agreement, currency protection agreements, commodity purchase or option agreements or other
interest or exchange rate hedging agreements.

15

 

     “Immaterial Subsidiary” shall mean a Subsidiary that (a) owns assets representing 5%
or less of the Consolidated assets of the Borrower and its Consolidated Subsidiaries or (b) which
contributes 5% or less of Consolidated EBITDA.

     “Impacted Lender” shall mean, subject to Section 2.21(b) any Lender that, has, or has
a direct or indirect parent company that has, (a) become the subject of a proceeding under any
Debtor Relief Law, or (b) 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; provided that a
Lender shall not be an Impacted 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.

     “Incremental Increase Amount” shall have the meaning set forth in Section 2.2(a)(i).

     “Incremental Term Facility” shall have the meaning set forth in Section 2.2(b)(i).

     “Indebtedness” shall mean, with respect to any Person, without duplication, (a) all
obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by
bonds, debentures, notes, loan agreements or similar instruments, (c) all obligations of such
Person under conditional sale or other title retention agreements (other than Operating Leases)
relating to property purchased by such Person (other than customary reservations or retentions of
title under agreements with suppliers entered into in the ordinary course of business), (d) all
obligations (excluding earnout obligations) of such Person representing the balance deferred and
unpaid of the cash portion of the purchase price of property or services purchased by such Person
(other than trade debt incurred in the ordinary course of business and due within six months of the
incurrence thereof or disputed in good faith and against which adequate reserves are being
maintained in accordance with GAAP) which would appear as liabilities on a balance sheet of such
Person, (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has
an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the
proceeds of production from, property owned or acquired by such Person, whether or not the
obligations secured thereby have been assumed but limited to the lesser of (i) the aggregate
principal amount of such Indebtedness and (ii) the book value of the property owned by such Person
securing such Indebtedness, (f) all Guaranty Obligations of such Person with respect to
Indebtedness of another Person, (g) Capital Lease Obligations, (h) all net obligations of such
Person under Hedging Agreements in an amount equal to (i) if such Hedging Agreement has been closed
out, the unpaid termination value thereof or (ii) if such Hedging Agreement has not been closed
out, the mark-to-market value thereof determined on the basis of readily available quotations
provided by any recognized dealer in such Hedging Agreements, (i) the maximum amount of all letters
of credit issued or bankers’ acceptances facilities created for the account of such Person and,
without duplication, all drafts drawn thereunder (to the extent unreimbursed), (j) all preferred
Equity Interests issued by such Person and which by the terms thereof could be (at the request of
the holders thereof or otherwise) subject to mandatory sinking fund payments, redemption or other
acceleration prior to the 91st day after the Revolver Maturity Date, and (k) the
principal balance

16

 

outstanding under any synthetic lease, tax retention operating lease, off-balance
sheet loan or similar off-balance sheet financing product.

     For purposes hereof, the Indebtedness of any Person shall (a) include the Indebtedness of any
partnership or unincorporated joint venture in which such Person is a general partner or a joint
venturer, unless such Indebtedness is expressly made non-recourse to such Person, except for
customary exceptions reasonably acceptable to the Administrative Agent and (b) exclude any CSO LC
or CSO Disbursements. The amount of any (i) Capital Lease as of any date shall be deemed to be the
capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such
date in accordance with GAAP or (ii) obligations of the type described in clause (l) as of any date
shall be deemed to be capitalized amount of the remaining lease payments under the relevant lease
that would appear on a balance sheet of such Person prepared as of such date in accordance with
GAAP if such lease were accounted for as a Capital Lease.

     “Indemnified Taxes” shall mean Taxes other than Excluded Taxes.

     “Indemnitee” shall have the meaning set forth in Section 9.5(b).

     “Information” shall have the meaning set forth in Section 9.14.

     “Information Materials” shall have the meaning set forth in Section 5.13(a).

     “Insolvency” shall mean, with respect to any Multiemployer Plan, the condition that
such Plan is insolvent within the meaning of such term as used in Section 4245 of ERISA.

     “Intellectual Property” shall mean, collectively, all Copyrights, Copyright Licenses,
Patents, Patent Licenses, Trademarks and Trademark Licenses of the Credit Parties and their
Subsidiaries, all goodwill associated therewith and all rights to sue for infringement thereof.

     “Interest Determination Date” shall have the meaning specified in the definition of
“Applicable Margin”.

     “Interest Payment Date” shall mean (a) as to any Alternate Base Rate Loan, the last
Business Day of each March, June, September and December and on the Revolver Maturity Date, (b) as
to any LIBO Rate Loan having an Interest Period of three months or less, the last day of such
Interest Period, (c) as to any LIBO Rate Loan having an Interest Period longer than three months,
(i) each three (3) month anniversary following the first day of such Interest Period and (ii) the
last day of such Interest Period and (d) as to any Loan which is the subject of a mandatory
prepayment required pursuant to Section 2.7(b), the date of which such mandatory prepayment is
made.

     “Interest Period” shall mean, with respect to any LIBO Rate Loan,

     (a) initially, the period commencing on the Borrowing Date or conversion date, as the
case may be, with respect to such LIBO Rate Loan and ending one, two, three, six, nine or
twelve (to the extent approved by all Revolving Lenders) months

17

 

thereafter, subject to
availability to all applicable Lenders, as selected by the Borrower in the Notice of
Borrowing or Notice of Conversion given with respect thereto; and

     (b) thereafter, each period commencing on the last day of the immediately preceding
Interest Period applicable to such LIBO Rate Loan and ending one, two, three, six, nine or
twelve months thereafter; provided that the foregoing provisions are subject to the
following:

     (i) if any Interest Period pertaining to a LIBO Rate Loan would otherwise end
on a day that is not a Business Day, such Interest Period shall be extended to the
next succeeding Business Day unless the result of such extension would be to carry
such Interest Period into another calendar month in which event such Interest Period
shall end on the immediately preceding Business Day;

     (ii) any Interest Period pertaining to a LIBO Rate Loan 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 relevant calendar month;

     (iii) no Interest Period in respect of any Loan shall extend beyond the
Revolver Maturity Date; and

     (iv) no more than six (6) LIBO Rate Loans may be in effect at any time. For
purposes hereof, LIBO Rate Loans with different Interest Periods shall be considered
as separate LIBO Rate Loans, even if they shall begin on the same date and have the
same duration, although borrowings, extensions and conversions may, in accordance
with the provisions hereof, be combined at the end of existing Interest Periods to
constitute a new LIBO Rate Loan with a single Interest Period.

     “Investment” shall mean (a) the purchase or acquisition of Equity Interests, other
ownership interests or other securities of any Person or the purchase or acquisition of bonds,
notes, or debentures of any Person, (b) the purchase or acquisition of all or substantially all of
the assets of any Person, (c) any deposit with, or advance, loan or other extension of credit to,
any Person (other than deposits made in the ordinary course of business) or (d) any other capital
contribution to or investment in any Person, including, without limitation, any Guaranty Obligation
(including any support for a letter of credit issued on behalf of such Person) incurred for the
benefit of such Person. 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.

     “Issuing Lender” shall mean Wells Fargo Bank, National Association.

     “Issuing Lender Fees” shall have the meaning set forth in Section 2.5(c).

18

 

     “Joinder Agreement” shall mean a Joinder Agreement in substantially the form of
Exhibit 1.1(c), executed and delivered by an Additional Credit Party in accordance with the
provisions of Section 5.10.

     “Laws” shall mean all international, foreign, Federal, state and local statutes,
treaties, rules, guidelines, regulations, ordinances, codes, executive orders 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 legally binding, non-appealable 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, but excluding any of the foregoing which are
suggestive or discretionary and not mandatory); in each case to the extent applicable to or binding
upon such Person or any of its property or to which such Person or any of its property is subject.

     “Lender” shall mean any of the several banks and other financial institutions as are
from time to time parties to this Agreement; provided that notwithstanding the foregoing,
“Lender” shall not include any Credit Party or any of the Credit Party’s Affiliates or
Subsidiaries.

     “Lender Commitment Letter” shall mean, with respect to any Lender, the letter (or
other correspondence) to such Lender from the Administrative Agent notifying such Lender of its LOC
Commitment and Revolving Commitment Percentage.

     “Letter of Credit” shall mean (a) any letter of credit issued by the Issuing Lender
pursuant to the terms hereof, as such letter of credit may be amended, modified, restated,
extended, renewed, increased, replaced or supplemented from time to time in accordance with the
terms of this Agreement and (b) any Existing Letter of Credit, in each case as such letter of
credit may be amended, modified, extended, renewed or replaced from time to time in accordance with
the terms of this Agreement.

     “Letter of Credit Facing Fee” shall have the meaning set forth in Section 2.5(c).

     “Letter of Credit Fee” shall have the meaning set forth in Section 2.5(b).

     “LIBO Rate” shall mean a LIBO rate per annum (rounded upwards, if necessary, to the
next higher 1/100th of 1%) determined by the Administrative Agent in accordance with the definition
of “LIBOR”.

     “LIBO Rate Loan” shall mean Loans the rate of interest applicable to which is based on
the LIBO Rate.

     “LIBOR” shall mean, for any LIBO Rate Loan for any Interest Period therefor, the rate
per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen
LIBOR01 Page (or any successor page) as the London interbank offered rate for deposits in Dollars
at approximately 11:00 A.M. (London time) two (2) Business Days prior to the first day of such
Interest Period for a term comparable to such Interest Period. If for any reason such rate is not

19

 

available, then “LIBOR” shall mean the rate per annum at which, as determined by the Administrative
Agent in accordance with its customary practices, Dollars in an amount comparable to the Loans then
requested are being offered to leading banks at approximately 11:00 A.M. London time, two (2)
Business Days prior to the commencement of the applicable Interest Period for settlement in
immediately available funds by leading banks in the London interbank market for a period equal to
the Interest Period selected.

     “LIBOR Lending Office” shall mean, initially, the office(s) of each Lender designated
as such Lender’s LIBOR Lending Office in such Lender’s Administrative Questionnaire; and
thereafter, such other office of such Lender as such Lender may from time to time specify to the
Administrative Agent and the Borrower as the office of such Lender at which the LIBO Rate Loans of
such Lender are to be made.

     “LIBOR Tranche” shall mean the collective reference to LIBO Rate Loans whose Interest
Periods begin and end on the same day.

     “Lien” shall mean any mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), charge or other security interest or any
preference, priority or other security agreement or preferential arrangement of any kind or nature
whatsoever (including, without limitation, (a) any conditional sale or other title retention
agreement and any Capital Lease having substantially the same economic effect as any of the
foregoing and (b) the authorized filing of any UCC financing statement).

     “Loan” shall mean a Revolving Loan and/or a Swingline Loan, as appropriate.

     “LOC Commitment” shall mean the commitment of the Issuing Lender to issue Letters of
Credit and with respect to each Revolving Lender, the commitment of such Revolving Lender to
purchase Participation Interests in the Letters of Credit up to such Lender’s Revolving Commitment
Percentage of the LOC Committed Amount.

     “LOC Committed Amount” shall have the meaning set forth in Section 2.3(a).

     “LOC Documents” shall mean, with respect to each Letter of Credit, such Letter of
Credit, any amendments thereto, any documents delivered in connection therewith, any application
therefor, and any agreements, instruments, guarantees or other documents (whether general in
application or applicable only to such Letter of Credit) governing or providing for (a) the rights
and obligations of the parties concerned or (b) any collateral for such obligations.

     “LOC Obligations” shall mean, at any time, the sum of (a) the maximum amount which is,
or at any time thereafter may become, available to be drawn under Letters of Credit then
outstanding, assuming compliance with all requirements for drawings referred to in such Letters of
Credit plus (b) the aggregate amount of all drawings under Letters of Credit honored by the
Issuing Lender but not theretofore reimbursed.

     “Mandatory LOC Borrowing” shall have the meaning set forth in Section 2.3(e).

20

 

     “Mandatory Swingline Borrowing” shall have the meaning set forth in Section
2.4(b)(ii).

     “Material Adverse Effect” shall mean a material adverse effect on (a) the business,
operations or financial condition of the Credit Parties taken as a whole, (b) the ability of the
Borrower or any Guarantor to perform its obligations, when such obligations are required to be
performed, under this Agreement, any of the Notes or any other Credit Document or (c) the validity
or enforceability of this Agreement, any of the Notes or any of the other Credit Documents, the
Administrative Agent’s Liens (for the benefit of the Secured Parties) on the Collateral or the
priority of such Liens or the rights or remedies of the Administrative Agent or the Lenders
hereunder or thereunder.

     “Material Contract” shall mean any contract, agreement, permit or license, written or
oral, of the Credit Parties as to which the breach, nonperformance, cancellation or failure to
renew by any party thereto, individually or in the aggregate, could reasonably be expected to have
a Material Adverse Effect.

     “Materials of Environmental Concern” shall mean any gasoline or petroleum (including
crude oil or any extraction thereof) or petroleum products or any hazardous or toxic substances,
materials or wastes, defined or regulated as such in or under any Environmental Law, including,
without limitation, asbestos, perchlorate, polychlorinated biphenyls and urea-formaldehyde
insulation.

     “Moody’s” shall mean Moody’s Investors Service, Inc.

     “Multiemployer Plan” shall mean a Plan that is a multiemployer plan as defined in
Section 4001(a)(3) of ERISA.

     “Net Income Taxes” shall mean, with respect to the Administrative Agent, any Lender,
the Issuing Lender or any other recipient of any payment to be made by or on account of any
obligation of any Credit Party under any Credit Document, (a) any Taxes imposed on or measured by
such recipient’s overall net income or profits (however denominated), or any franchise Taxes
imposed on such recipient in lieu of net income Taxes by the United States or such other
jurisdiction (or any political subdivision thereof) under the laws of which such recipient is
organized or in which its principal office is located or, in the case of any Lender, in which its
applicable lending office is located, and (b) any branch profits Taxes imposed by the United States
or any similar tax imposed by any other jurisdiction in which the Borrower is located.

     “Net Worth” shall mean, as of any date, the total shareholder’s equity (including
Equity Interests, additional paid-in capital, and retained earnings after deducting treasury stock)
which would appear on a balance sheet of the Borrower and its Subsidiaries on a Consolidated basis
prepared as of such date in accordance with
GAAP; provided, however, there shall be excluded therefrom any Accumulated Other
Comprehensive Income or Loss.

     “Non-Defaulting Lender’ shall mean, at any time, each Lender that is not a Defaulting
Lender at such time.

21

 

     “Note” or “Notes” shall mean the Revolving Loan Notes and/or the Swingline
Loan Note, collectively, separately or individually, as appropriate.

     “Notice of Borrowing” shall mean a request for a Revolving Loan borrowing pursuant to
Section 2.1(b)(i) or a request for a Swingline Loan borrowing pursuant to Section 2.4(b)(i), as
appropriate. A Form of Notice of Borrowing is attached as Exhibit 1.1(d).

     “Notice of Conversion/Extension” shall mean the written notice of conversion of a LIBO
Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBO Rate Loan, or
extension of a LIBO Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

     “Obligations” shall mean, collectively, all of the obligations, Indebtedness and
liabilities of the Credit Parties to the Lenders (including the Issuing Lender) and the
Administrative Agent, whenever arising, under this Agreement, the Notes or any of the other Credit
Documents, including principal, interest, fees, costs, charges, expenses, professional fees,
reimbursements, all sums chargeable to the Credit Parties or for which any Credit Party is liable
as an indemnitor and whether or not evidenced by a note or other instrument and indemnification
obligations and other amounts (including, but not limited to, any interest accruing after the
occurrence of a filing of a petition of bankruptcy under the Bankruptcy Code with respect to any
Credit Party, regardless of whether such interest is an allowed claim under the Bankruptcy Code).

     “OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets
Control.

     “Operating Lease” shall mean, as applied to any Person, any lease (including, without
limitation, leases which may be terminated by the lessee at any time) of any property (whether
real, personal or mixed) which is not a Capital Lease other than any such lease in which that
Person is the lessor.

     “Other Connection Taxes” shall mean, with respect to the Administrative Agent, any
Lender, any Issuing Lender or any other recipient of any payment to be made by or on account of any
obligation of any Credit Party under any Credit Document, 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, or become a party to, performed
its obligations or received payments under, received or perfected a security interest under,
engaged in any other transaction pursuant to, or enforced, any Credit Document, or sold or assigned
an interest in any Loan or Credit Document).

     “Other Parties” shall have the meaning set forth in Section 10.7(c).

     “Other Taxes” shall mean all present or future stamp, court or documentary Taxes and
any other excise, property, intangible, recording, filing or similar Taxes which arise from any
payment made under, from the execution, delivery, performance, enforcement or registration of, from
the receipt or perfection of a security interest under, or otherwise with respect to, any Credit
Document, but not including any Excluded Taxes.

22

 

     “Participant” has the meaning assigned to such term in clause (d) of Section 9.6.

     “Participant Register” shall have the meaning set forth in Section 9.6(d).

     “Participation Interest” shall mean a participation interest purchased by a Revolving
Lender in LOC Obligations as provided in Section 2.3(c) and in Swingline Loans as provided in
Section 2.4.

     “Patent Licenses” shall mean any written agreement providing for the grant by or to a
Person of any right to manufacture, use or sell any invention covered by a Patent.

     “Patents” shall mean (a) all letters patent of the United States or any other country,
now existing or hereafter arising, and all improvement patents, reissues, reexaminations, patents
of additions, renewals and extensions thereof and (b) all applications for letters patent of the
United States or any other country and all provisionals, divisions, continuations and
continuations-in-part and substitutes thereof.

     “Patriot Act” shall mean the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001 (Title
III of Pub. L. No. 107-56 (signed into law October 26, 2001)), as amended or modified from time to
time.

     “Payment Event of Default” shall mean an Event of Default specified in Section 7.1(a).

     “PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to
Subtitle A of Title IV of ERISA.

     “Perfection Certificate” shall mean that certain Perfection Certificate dated as of
the Closing Date prepared by the Borrower and setting forth certain information relating to the
Credit Parties and the Collateral.

     “Permitted Acquisition” shall mean an acquisition or any series of related
acquisitions by a Credit Party of (a) all or substantially all of the assets or a majority of the
outstanding Voting Stock or economic interests of a Person that is incorporated, formed or
organized in the United States, (b) at least a majority of the Equity Interests of a Person that is
incorporated, formed or organized in the United States by a merger, amalgamation or consolidation
or any other combination with such Person or (c) any division, line of business or other business
unit of a Person that is incorporated, formed or organized in the United States (such assets,
Equity Interests or economic interest of such Person or such division, line of business or other
business unit of such Person shall be referred to herein as the “Target”), in each case
that is a type of business (or assets used in a type of business) permitted to be engaged in by the
Credit Parties and their Subsidiaries pursuant to Section 6.3, in each case so long as:

     (i) no Default or Event of Default shall then exist or would exist immediately
after giving effect thereto;

23

 

     (ii) (A) after giving effect to the acquisition on a Pro Forma Basis, (1) the
Credit Parties are in compliance with each of the financial covenants set forth in
Section 5.9 and (2) the Total Leverage Ratio shall be 0.25 to 1.0 less than the then
applicable level set forth in Section 5.9 and (B) no Default or Event of Default
exists both before and immediately after giving effect to such Permitted
Acquisition; provided that if the aggregate purchase price of such
acquisition is greater than $25,000,000 then (A) the Credit Parties shall
demonstrate to the reasonable satisfaction of the Administrative Agent that, after
giving effect to the acquisition on a Pro Forma Basis, (1) the Credit Parties are in
compliance with each of the financial covenants set forth in Section 5.9 and (2) the
Total Leverage Ratio shall be 0.25 to 1.0 less than the then applicable level set
forth in Section 5.9 and (B) the Administrative Agent shall have received (1) a
description of the material terms of such acquisition, (2) audited financial
statements (or, if unavailable, management-prepared financial statements) of the
Target for its two most recent fiscal years and for any fiscal quarters ended within
the fiscal year to date, (3) Consolidated projected income statements of the Credit
Parties and their Subsidiaries (giving effect to such acquisition), and (4) as soon
as available, but in any event prior to the consummation of any Permitted
Acquisition, a certificate substantially in the form of Exhibit 1.1(f),
executed by an Authorized Officer of the Borrower certifying that no Default or
Event of Default exists both before and immediately after giving effect to such
Permitted Acquisition.

     (iii) the Administrative Agent, on behalf of the Secured Parties, shall have
received (or shall receive in connection with the closing of such acquisition) a
first priority perfected security interest (subject to Permitted Liens) in all
property (including, without limitation, Equity Interests) acquired with respect to
the Target in accordance with the terms of Sections 5.10 and 5.12 and the Security
Documents and the Target, if a Person, shall have executed a Joinder Agreement in
accordance with the terms of Section 5.10; and

     (iv) such acquisition shall not be a “hostile” acquisition and shall have been
approved by the Board of Directors (or equivalent) and/or shareholders (or
equivalent) of the applicable Credit Party and the Target.

     “Permitted Investments” shall have the meaning set forth in Section 6.5.

     “Permitted Liens” shall have the meaning set forth in Section 6.2.

     “Permitted Restructuring” means the transfer (whether by amalgamation, merger,
consolidation, or otherwise) of all or substantially all of the assets or outstanding Equity
Interests of any Unrestricted Entity by a Credit Party or other Unrestricted Entity to another
Unrestricted Entity (the “Transferee Entity”), so long as:

     (i) the Transferee Entity is an Unrestricted Entity, or is owned, directly or
indirectly, by another Unrestricted Entity, 65% of the voting Equity

24

 

Interests of which is pledged to the Administrative Agent pursuant to the terms and conditions of
the Security Documents;

     (ii) no Default or Event of Default shall then exist or would exist after
giving effect thereto;

     (iii) except as contemplated in Section 5.12(a), the Collateral is preserved in
all material respects; and

     (iv) such transfer could not reasonably be expected to result in a Material
Adverse Effect.

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

     “Plan” shall mean, as of any date of determination, any employee benefit plan which is
covered by Title IV of ERISA and in respect of which any Credit Party or a Commonly Controlled
Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be
deemed to be) an “employer” as defined in Section 3(5) of ERISA.

     “Platform” shall have the meaning set forth in Section 9.2(d)(i).

     “Pledge Agreement” shall mean the Pledge Agreement dated as of the Closing Date
executed by the Credit Parties in favor of the Administrative Agent, for the benefit of the Secured
Parties, as the same may from time to time be amended, modified, extended, restated, replaced, or
supplemented from time to time in accordance with the terms hereof and thereof.

     “Prime Rate” shall have the meaning set forth in the definition of Alternate Base
Rate.

     “Pro Forma Basis” shall mean, with respect to any transaction, that such transaction
shall be deemed to have occurred as of the first day of the four-quarter period (or twelve month
period, as applicable) ending as of the most recent quarter end (or month end, as applicable)
preceding the date of such transaction for which financial statement information is available.

     “Properties” shall have the meaning set forth in Section 3.10(a).

     “Purchase Money Obligations” shall mean, for any Person, the obligations of such
Person in respect of Indebtedness (including Capital Lease Obligations) incurred for the purposes
of financing all or any part of the purchase price of any tangible property or the cost of
installation, construction or improvement of any property and any refinancing thereof;
provided, however, that (i) such Indebtedness is incurred within 90 days after such
acquisition, installation, construction or improvement of such property by such Person and (ii) the
amount of such Indebtedness does not exceed 100% of the cost of such acquisition, installation,
construction or improvement, as the case may be.

25

 

     “Recovery Event” shall mean the receipt by any Credit Party or its Subsidiaries of any
cash insurance proceeds or condemnation award payable by reason of theft, loss, physical
destruction or damage, taking or similar event with respect to any of their respective property or
assets.

     “Register” shall have the meaning set forth in Section 9.6(c).

     “Reimbursement Obligation” shall mean the obligation of the Borrower to reimburse the
Issuing Lender pursuant to Section 2.3(d) for amounts drawn under Letters of Credit.

     “Related Parties” shall mean, 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.

     “Reorganization” shall mean, with respect to any Multiemployer Plan, the condition
that such Plan is in reorganization within the meaning of such term as used in Section 4241 of
ERISA.

     “Reportable Event” shall mean any of the events set forth in Section 4043(c) of ERISA,
other than those events as to which the thirty-day notice period is waived under PBGC Reg. §4043.

     “Required Lenders” shall mean, as of any date of determination, Lenders holding at
least a majority of (a) the outstanding Revolving Commitments or (b) if the Revolving Commitments
have been terminated, the outstanding Loans and Participation Interests; provided,
however, that if any Lender shall be a Defaulting Lender at such time, then there shall be
excluded from the determination of Required Lenders, Obligations (including Participation
Interests) owing to such Defaulting Lender and such Defaulting Lender’s Commitments.

     “Requirement of Law” shall mean, as to any Person, (a) the articles or certificate of
incorporation, by-laws or other organizational or governing documents of such Person, and (b) all
international, foreign, Federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes, executive orders, 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
but excluding any of the foregoing which are suggestive or discretionary and not mandatory); in
each case to the extent applicable to or binding upon such Person or any of its property or to
which such Person or any of its property is subject.

     “Responsible Officer” shall mean, for any Credit Party, the chief executive officer,
the president, the chief financial officer, the chief accounting officer or the secretary of such
Credit Party and any additional responsible officer that is designated as such to the
Administrative Agent.

26

 

     “Restricted Payment” shall mean (a) any dividend or other distribution, direct or
indirect, on account of any shares (or equivalent) of any class of Equity Interests of any Credit
Party or any of its Restricted Subsidiaries, now or hereafter outstanding, (b) any redemption,
retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or
indirect, of any shares (or equivalent) of any class of Equity Interests of any Credit Party or any
of its Restricted Subsidiaries, now or hereafter outstanding (excluding shares withheld from
employees or directors of the Borrower or its Subsidiaries to satisfy tax withholding requirements
upon the vesting of restricted stock awards), (c) any payment made to retire, or to obtain the
surrender of, any outstanding warrants, options or other rights to acquire shares of any class of
Equity Interests of any Credit Party or any of its Restricted Subsidiaries, now or hereafter
outstanding, (d) any payment with respect to any earnout obligation, or (e) any payment or
prepayment of principal of, premium, if any, or interest on, redemption, purchase, retirement,
defeasance, sinking fund or similar payment with respect to, any Subordinated Debt of any Credit
Party or any of its Restricted Subsidiaries.

     “Restricted Subsidiary” shall mean, any Subsidiary of the Borrower other than an
Unrestricted Entity.

     “Revolver Maturity Date” shall mean the date that is four (4) years following the
Closing Date; provided, however, if such date is not a Business Day, the Revolver
Maturity Date shall be the next preceding Business Day.

     “Revolving Commitment” shall mean, with respect to each Revolving Lender, the
commitment of such Revolving Lender to make Revolving Loans in an aggregate principal amount at any
time outstanding up to an amount equal to such Revolving Lender’s Revolving Commitment Percentage
of the Revolving Committed Amount.

     “Revolving Commitment Percentage” shall mean, for each Lender, the percentage
identified as its Revolving Commitment Percentage in its Lender Commitment Letter or in the
Assignment and Assumption pursuant to which such Lender became a Lender hereunder, as such
percentage may be modified in connection with any assignment made in accordance with the provisions
of Section 9.6(b).

     “Revolving Committed Amount” shall have the meaning set forth in Section 2.1(a).

     “Revolving Exposure” means, with respect to any Revolving Lender at any time, the sum
of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of
outstanding (a) Revolving Loans plus (b) Swingline Loans plus LOC Obligations.

     “Revolving Facility” shall have the meaning set forth in Section 2.1(a).

     “Revolving Facility Increase” shall have the meaning set forth in Section 2.2(a)(i).

     “Revolving Lender” shall mean, as of any date of determination, a Lender holding a
Revolving Commitment, a Revolving Loan or a Participation Interest on such date.

27

 

     “Revolving Loan” shall have the meaning set forth in Section 2.1(a).

     “Revolving Loan Note” or “Revolving Loan Notes” shall mean the promissory
notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders
evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a),
individually or collectively, as appropriate, as such promissory notes may be amended, modified,
extended, restated, replaced, or supplemented from time to time.

     “S&P” shall mean Standard & Poor’s Ratings Services, a division of The McGraw Hill
Companies, Inc.

     “Sale and Leaseback Transaction” shall mean any sale or other transfer of any property
by any Person with the intent to lease such property as lessee.

     “Sanctioned Entity” shall mean (a) a country or a government of a country, (b) an
agency of the government of a country, (c) an organization directly or indirectly controlled by a
country or its government, or (d) a person or entity resident in or determined to be resident in a
country, that is subject to a country sanctions program administered and enforced by OFAC.

     “Sanctioned Person” shall mean a person named on the list of Specially Designated
Nationals maintained by OFAC.

     “Sarbanes-Oxley” shall mean the Sarbanes-Oxley Act of 2002.

     “Scheduled Funded Debt Payments” shall mean, as of any date of determination for the
four (4) consecutive fiscal quarter period ending on such date, the sum of all regularly scheduled
payments of principal on Funded Debt of the Credit Parties and their Subsidiaries on a Consolidated
basis for the applicable period ending on the date of determination (including the principal
component of payments due on Capital Leases during the applicable period ending on the date of
determination).

     “SEC” shall mean the Securities and Exchange Commission or any successor Governmental
Authority.

     “Secured Parties” shall mean the Administrative Agent, the Lenders and the Bank
Product Providers.

     “Securities Act” shall mean the Securities Act of 1933, as amended.

     “Securities Laws” shall mean the Securities Act, the Exchange Act, Sarbanes-Oxley and
the applicable accounting and auditing principles, rules, standards and practices promulgated,
approved or incorporated by the SEC or the Public Company Accounting Oversight Board, as each of
the foregoing may be amended and in effect on any applicable date hereunder.

     “Security Agreement” shall mean the Security Agreement dated as of the Closing Date
executed by the Credit Parties in favor of the Administrative Agent, for the benefit of the

28

 

Secured Parties, as amended, modified, extended, restated, replaced, or supplemented from time
to time in accordance with its terms.

     “Security Documents” shall mean the Security Agreement, the Pledge Agreement and all
other agreements, documents and instruments granting to the Administrative Agent, for the benefit
of the Secured Parties, Liens or security interests to secure, inter alia, the Credit Party
Obligations whether now or hereafter executed and/or filed, each as may be amended from time to
time in accordance with the terms hereof.

     “Single Employer Plan” shall mean any Plan that is not a Multiemployer Plan.

     “Solvent” or “Solvency” shall mean, with respect to any Person, that the fair
value of the assets of such Person (both at fair valuation and at present fair saleable value on a
going concern basis) is, on the date of the determination, greater than the total amount of
liabilities (including contingent and unliquidated liabilities) of such Person as of such date and
that, as of such date, such Person is able to pay all liabilities of such Person as such
liabilities mature and such Person does not have unreasonably small capital with which to carry on
its business. In computing the amount of contingent or unliquidated liabilities at any time, such
liabilities will be computed as the amount which, 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 discounted to present value at rates believed to be reasonable by such Person.

     “Subordinated Debt” shall mean any Indebtedness incurred by any Credit Party which by
its terms is specifically subordinated in right of payment to the prior payment of the Credit Party
Obligations and contains subordination and other terms acceptable to the Administrative Agent.

     “Subsidiary” shall mean, as to any Person, a corporation, partnership, limited
liability company or other entity of which shares of stock or other ownership interests having
ordinary voting power (other than stock or such other ownership interests having such power only by
reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, limited liability company, partnership or other entity are at the
time owned, or the management of which is otherwise controlled, directly or indirectly through one
or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a
“Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of
the Borrower.

     “Swingline Commitment” shall mean the commitment of the Swingline Lender to make
Swingline Loans in an aggregate principal amount at any time outstanding up to the Swingline
Committed Amount, and the commitment of the Revolving Lenders to purchase participation interests
in the Swingline Loans as provided in Section 2.4(b)(ii), as such amounts may be reduced from time
to time in accordance with the provisions hereof.

     “Swingline Committed Amount” shall mean the amount of the Swingline Lender’s Swingline
Commitment as specified in Section 2.4(a).

29

 

     “Swingline Exposure” means, with respect to any Lender, an amount equal to the
Applicable Percentage of such Lender multiplied by the principal amount of outstanding Swingline
Loans.

     “Swingline Lender” shall mean Wells Fargo and any successor swingline lender.

     “Swingline Loan” shall have the meaning set forth in Section 2.4(a).

     “Swingline Loan Note” shall mean the promissory note of the Borrower in favor of the
Swingline Lender evidencing the Swingline Loans provided pursuant to Section 2.4(d), as such
promissory note may be amended, modified, extended, restated, replaced, or supplemented from time
to time.

     “Target” shall have the meaning set forth in the definition of “Permitted
Acquisition”.

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

     “Total Leverage Ratio” shall mean, as of any date of determination, for the Credit
Parties and their Subsidiaries on a Consolidated basis, the ratio of (a) Consolidated Funded Debt
on such date to (b) Consolidated EBITDA.

     “Trademark License” shall mean any written agreement providing for the grant by or to
a Person of any right to use any Trademark.

     “Trademarks” shall mean (a) all trademarks, trade names, corporate names, company
names, business names, fictitious business names, service marks, elements of package or trade dress
of goods or services, logos and other source or business identifiers, together with the goodwill
associated therewith, all registrations and recordings thereof, and all applications in connection
therewith, whether in the United States Patent and Trademark Office or in any similar office or
agency of the United States, any State thereof or any other country or any political subdivision
thereof and (b) all renewals thereof.

     “Trading with the Enemy Act” shall have the meaning set forth in Section 3.27.

     “Tranche” shall mean the collective reference to (a) LIBO Rate Loans whose Interest
Periods begin and end on the same day and (b) Alternate Base Rate Loans made on the same day.

     “Transactions” shall mean the closing of this Agreement and the other Credit Documents
and the other transactions contemplated hereby and pursuant to the other Credit Documents
(including, without limitation, the initial borrowings under the Credit Documents and the payment
of fees and expenses in connection with all of the foregoing).

30

 

     “Transfer Effective Date” shall have the meaning set forth in each Assignment and
Assumption.

     “Type” shall mean, as to any Loan, its nature as an Alternate Base Rate Loan or LIBO
Rate Loan, as the case may be.

     “UCC” shall mean the Uniform Commercial Code from time to time in effect in any
applicable jurisdiction.

     “Unrestricted Entities” shall mean (a) CCV and each of its Subsidiaries, (b) the CCV
Joint Ventures, (c) any direct or indirect Foreign Subsidiary of the Borrower, (d) any joint
venture which is not a Subsidiary and (e) any other Investment in any Person that does not result
in the acquisition of the majority of the Equity Interests of such Person.

     “U.S. Person” shall mean any “United States person” within the meaning of Section
7701(a)(30) of the Code.

     “U.S. Tax Compliance Certificate” has the meaning set forth in Section 2.16(f) and
shall be in substantially the same form as the applicable certificate set forth on Exhibit
2.16.

     “Voting Stock” shall mean, with respect to any Person, Equity Interests issued by such
Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for
the election of directors (or persons performing similar functions) of such Person, even though the
right so to vote may be or have been suspended by the happening of such a contingency.

     “Wells Fargo” shall mean Wells Fargo Bank, National Association, a national banking
association, together with its successors and/or assigns.

     “WFS” shall mean Wells Fargo Securities, LLC, together with its successors and
assigns.

     “Works” shall mean all works which are subject to copyright protection pursuant to
Title 17 of the United States Code.

     Section 1.2 Other Definitional Provisions.

     The definitions of terms herein shall apply equally to the singular and plural forms of the
terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be
deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to
have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a)
any definition of or reference to any agreement, instrument or other document herein shall be
construed as referring to such agreement, instrument or other document as from time to time
amended, restated, supplemented, amended and restated 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

31

 

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, (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 and (g) all terms defined in this Agreement shall have the defined meanings when used and
not otherwise defined in any other Credit Document or any certificate or other document made or
delivered pursuant hereto.

     Section 1.3 Accounting Terms.

     (a) Generally. All accounting and financial terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data
(including financial ratios and other financial calculations) required to be submitted
pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a
consistent basis, as in effect from time to time, applied in a manner consistent with that
used in preparing the most recently delivered audited Consolidated financial statements of
the Borrower, except as otherwise specifically prescribed herein.

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

     (c) Financial Covenant Calculations. The parties hereto acknowledge and agree
that, for purposes of all calculations made in determining compliance for any applicable
period with the financial covenants set forth in Section 5.9 and for purposes of determining
the Applicable Margin, (i) after consummation of any Permitted Acquisition, the CCV
Acquisition or other acquisition consummated under Section 6.5(h), (A) income statement
items and other balance sheet items (whether positive or negative) attributable to the
Person acquired in such transaction shall be included in such calculations to the extent
relating to such applicable period, subject to adjustments mutually acceptable to the
Borrower and the Administrative Agent and (B) Indebtedness of a Person which is retired in
connection with a Permitted Acquisition, the CCV Acquisition or other acquisition
consummated under Section 6.5(h) shall be excluded from such calculations

32

 

and deemed to have been retired as of the first day of such applicable period and (ii)
after any Disposition (or series of related Dispositions during any six month period)
permitted by Section 6.4(a)(vi) of an asset with a book value in excess of $25,000,000, (A)
income statement items, cash flow statement items and balance sheet items (whether positive
or negative) attributable to the property or assets disposed of shall be excluded in such
calculations as of the first day of such applicable period, subject to adjustments mutually
acceptable to the Borrower and the Administrative Agent and (B) Indebtedness that is repaid
with the proceeds of such Disposition shall be excluded from such calculations and deemed to
have been repaid as of the first day of such applicable period.

     Section 1.4 Time References.

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

     Section 1.5 Execution of Documents.

     Unless otherwise specified, all Credit Documents and all other certificates executed in
connection therewith must be signed by an Authorized Officer.

ARTICLE II

THE LOANS; AMOUNT AND TERMS

     Section 2.1 Revolving Loans.

     (a) Revolving Commitment. During the Commitment Period, subject to the terms
and conditions hereof, each Revolving Lender severally, but not jointly, agrees to make
revolving credit loans in Dollars (“Revolving Loans”) to the Borrower from time to
time in an aggregate principal amount of up to ONE HUNDRED SEVENTY-FIVE MILLION DOLLARS
($175,000,000) (as increased from time to time as provided in Section 2.2 and as such
aggregate principal amount may be reduced from time to time as provided in Section 2.6, the
“Revolving Committed Amount”) for the purposes hereinafter set forth (such facility,
the “Revolving Facility”); provided, however, that (i) such
Revolving Lender’s Revolving Exposure does not exceed such Revolving Lender’s Revolving
Commitment and (ii) the Aggregate Revolving Exposure does not exceed the Revolving Committed
Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBO Rate Loans, or a
combination thereof, as the Borrower may request, and may be repaid and reborrowed in
accordance with the provisions hereof; provided, however, the Revolving
Loans made on the Closing Date or any of the three (3) Business Days following the Closing
Date, may only consist of Alternate Base Rate Loans. LIBO Rate Loans shall be made by each
Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic
Lending Office.

33

 

     (b) Revolving Loan Borrowings.

     (i) Notice of Borrowing. The Borrower shall request a Revolving Loan
borrowing by delivering a written Notice of Borrowing (or telephone notice promptly
confirmed in writing by delivery of a written Notice of Borrowing, which delivery
may be made by fax or electronic communication) to the Administrative Agent not
later than 11:00 A.M. on the same Business Day of the requested borrowing in the
case of Alternate Base Rate Loans, and not later than 11:00 A.M. on the third
Business Day prior to the date of the requested borrowing in the case of LIBO Rate
Loans. Each such Notice of Borrowing shall be irrevocable and shall specify (A)
that a Revolving Loan is requested, (B) the date of the requested borrowing (which
shall be a Business Day), (C) the aggregate principal amount to be borrowed and (D)
whether the borrowing shall be comprised of Alternate Base Rate Loans, LIBO Rate
Loans or a combination thereof, and if LIBO Rate Loans are requested, the Interest
Period(s) therefor. If the Borrower shall fail to specify in any such Notice of
Borrowing (1) an applicable Interest Period in the case of a LIBO Rate Loan, then
such notice shall be deemed to be a request for an Interest Period of one month, or
(2) the Type of Revolving Loan requested, then such notice shall be deemed to be a
request for an Alternate Base Rate Loan hereunder. Upon receipt of each Notice of
Borrowing, the Administrative Agent shall give notice to each Revolving Lender
promptly of the contents thereof and each such Revolving Lender’s share thereof.

     (ii) Minimum Amounts. Each Revolving Loan that is made as an Alternate
Base Rate Loan shall be in a minimum aggregate amount of $500,000 and in integral
multiples of $100,000 in excess thereof (or the remaining amount of the Revolving
Committed Amount, if less). Each Revolving Loan that is made as a LIBO Rate Loan
shall be in a minimum aggregate amount of $1,000,000 and in integral multiples of
$500,000 in excess thereof (or the remaining amount of the Revolving Committed
Amount, if less).

     (iii) Advances. Each Revolving Lender will make its Revolving
Commitment Percentage of each Revolving Loan borrowing available to the
Administrative Agent for the account of the Borrower at the office of the
Administrative Agent specified in Section 9.2, or at such other office as the
Administrative Agent may designate in writing, by 1:00 P.M. on the date specified
for the requested borrowing in the applicable Notice of Borrowing, in Dollars and in
funds immediately available to the Administrative Agent. Such borrowing will then
be made available to the Borrower by the Administrative Agent by crediting the
account of the Borrower on the books of such office (or such other account that the
Borrower may designate in writing to the Administrative Agent) with the aggregate of
the amounts made available to the Administrative Agent by the Revolving Lenders and
in like funds as received by the Administrative Agent.

34

 

     (c) Repayment. The principal amount of all Revolving Loans shall be due and
payable in full on the Revolver Maturity Date, unless accelerated sooner pursuant to Section
7.2.

     (d) Interest. Subject to the provisions of Section 2.8, Revolving Loans shall
bear interest as follows:

     (i) Alternate Base Rate Loans. Each Alternate Base Rate Loan shall
bear interest at a per annum rate equal to the sum of the Alternate Base Rate
plus the Applicable Margin; and

     (ii) LIBO Rate Loans. Each LIBO Rate Loan shall bear interest at a per
annum rate equal to the sum of the LIBO Rate plus the Applicable Margin.

     Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

     (e) Revolving Loan Notes; Covenant to Pay. The Borrower’s obligation to pay
each Revolving Lender shall be evidenced by this Agreement and, upon such Revolving Lender’s
request, by a duly executed promissory note of the Borrower to such Revolving Lender in
substantially the form of Exhibit 2.1(e). The Borrower covenants and agrees to pay
the Revolving Loans in accordance with the terms of this Agreement.

     Section 2.2 Incremental Loans.

     (a) Revolving Facility Increases.

     (i) General Terms. Subject to the terms and conditions set forth
herein, the Borrower shall have the right, at any time and from time to time until
the date that is six months prior to the Revolver Maturity Date, to increase the
Revolving Committed Amount (each such increase, a “Revolving Facility
Increase”) by an aggregate principal amount for all such Revolving Facility
Increases, that, when aggregated with the amount of any Incremental Term Facility
incurred under Section 2.2(b), shall not exceed $50,000,000 (the “Incremental
Increase Amount”).

     (ii) Terms and Conditions. The following terms and conditions shall
apply to any Revolving Facility Increase: (A) no Default or Event of Default shall
exist immediately prior to or after giving effect to such Revolving Facility
Increase, (B) any loans made pursuant to a Revolving Facility Increase shall
constitute Obligations and will be secured and guaranteed with the other Obligations
on a pari passu basis, (C) any Lenders providing such Revolving Facility Increase
shall be entitled to the same voting rights as the existing Lenders and shall be
entitled to receive proceeds of prepayments on the same terms as the existing
Lenders, (D) any such Revolving Facility Increase shall be in a minimum principal
amount of $25,000,000 and integral multiples of $5,000,000 in excess thereof (or the
remaining amount of the Incremental Increase Amount, if less),

35

 

(E)
the proceeds of any such Revolving Facility Increase will be used for the
purposes set forth in Section 3.11, (F) the Borrower shall execute a Revolving Loan
Note in favor of any new Lender or any existing Lender whose Revolving Commitment is
increased pursuant to this Section, in each case, if requested by such Lender, (G)
the conditions to Extensions of Credit in Section 4.2 shall have been satisfied and
(H) the Administrative Agent shall have received (1) upon request of the
Administrative Agent, an opinion or opinions (including, if reasonably requested by
the Administrative Agent, local counsel opinions) of counsel for the Credit Parties,
addressed to the Administrative Agent and the Lenders, in form and substance
reasonably acceptable to the Administrative Agent and substantially similar to the
opinion delivered to the Administrative Agent on the Closing Date, (2) any
authorizing corporate documents as the Administrative Agent may reasonably request
and (3) if applicable, a duly executed Notice of Borrowing.

     (iii) Applicable Margin and Yield. The Applicable Margin and any other
components of yield on the Revolving Facility Increase will be determined by the
Borrower and the Lenders providing such Revolving Facility Increase at the time such
Revolving Facility Increase is made; provided, that if the all-in yield
(including the Applicable Margin, fees, original issue discount or any other
components of yield on the Revolving Facility Increase) would exceed the then
current all-in yield on the Revolving Facility, the Revolving Facility pricing will
be increased to equal the all-in yield on the Revolving Facility Increase and or
additional fees will be paid to the Lender providing the Revolving Facility to
satisfy such requirement.

     (iv) Revolving Facility Increase. In connection with the closing of
any Revolving Facility Increase, the outstanding Revolving Loans and Participation
Interests shall be reallocated by causing such fundings and repayments among the
Lenders of Revolving Loans as necessary such that, after giving effect to such
Revolving Facility Increase, each Lender will hold Revolving Loans and Participation
Interests based on its Revolving Commitment Percentage (after giving effect to such
Revolving Facility Increase); provided that (i) such reallocations and
repayments shall not be subject to any processing and/or recordation fees and (ii)
the Borrower shall be responsible for any costs arising under Section 2.15 resulting
from such reallocation and repayments.

     (v) Participation. Participation in any such Revolving Facility
Increase may be offered to each of the existing Lenders, but no Lender shall have
any obligation to provide all or any portion of any such Revolving Facility
Increase. The Borrower may invite other banks, financial institutions and
investment funds reasonably acceptable to the Administrative Agent (such consent not
to be unreasonably withheld or delayed) to join this Credit Agreement as Lenders
hereunder for any portion of such Revolving Facility Increase; provided that
such other banks, financial institutions and investment funds shall

36

 

enter into such
lender joinder agreements to give effect thereto as the Administrative Agent may
reasonably request.

     (vi) Amendments. The Administrative Agent is authorized to enter into,
on behalf of the Lenders, any amendment to this Credit Agreement or any other Credit
Document as may be necessary to incorporate the terms of any such Revolving Facility
Increase.

     (b) Incremental Term Loan.

     (i) General Terms. Subject to the terms and conditions set forth
herein, the Borrower shall have the right, at any time and from time to time until
the date that is six months prior to the Revolver Maturity Date, to incur additional
Indebtedness under this Credit Agreement pursuant to one or more tranches of term
loans (each an “Incremental Term Facility”) in an aggregate principal
amount, that, when aggregated with the amount of any Revolving Facility Increase
elected pursuant to Section 2.2(a), shall not exceed $50,000,000.

     (ii) Terms and Conditions. The following terms and conditions shall
apply to any Incremental Term Facility: (A) no Default or Event of Default shall
exist immediately prior to or after giving effect to such Incremental Term Facility,
(B) any loans made pursuant to a Incremental Term Facility shall constitute
Obligations and will be secured and guaranteed with the other Obligations on a pari
passu basis, (C) any Lenders providing such Incremental Term Facility shall be
entitled to the same voting rights as the existing Lenders and shall be entitled to
receive proceeds of prepayments on the same terms as the existing Lenders, (D) any
such Incremental Term Facility shall be in a minimum principal amount of $25,000,000
and integral multiples of $5,000,000 in excess thereof (or the remaining amount of
the Incremental Increase Amount, if less), (E) the proceeds of any such Incremental
Term Facility will be used for the purposes set forth in Section 3.11, (F) the
Borrower shall execute a promissory note in favor of any new Lender or any existing
Lender, in each case, if requested by such Lender, (G) the conditions to Extensions
of Credit in Section 4.2 shall have been satisfied, (H) any such Incremental Term
Facility shall have a maturity date no sooner than the Revolver Maturity Date, and
(I) the Administrative Agent shall have received (1) upon request of the
Administrative Agent, an opinion or opinions (including, if reasonably requested by
the Administrative Agent, local counsel opinions) of counsel for the Credit Parties,
addressed to the Administrative Agent and the Lenders, in form and substance
reasonably acceptable to the Administrative Agent and substantially similar to the
opinion delivered to the Administrative Agent on the Closing Date, (2) any
authorizing corporate documents as the Administrative Agent may reasonably request
and (3) if applicable, a duly executed Notice of Borrowing

     (iii) Applicable Margin and Yield. The Applicable Margin and any other
components of yield on the Incremental Term Facility will be determined by

37

 

the
Borrower and the Lenders providing such Incremental Term Facility at the time such
Incremental Term Facility is made; provided, that if the all-in yield
(including the Applicable Margin, fees, original issue discount or any other
components of yield on the Incremental Term Facility) would exceed the then current
all-in yield on the Revolving Facility or any existing Incremental Term Facility,
the Revolving Facility and existing Incremental Term Facility pricing will be
increased to equal the all-in yield on the Incremental Term Facility and or
additional fees will be paid to the Lender providing the Revolving Facility or
existing Incremental Term Facility to satisfy such requirement.

     (iv) Participation. Participation in any such Incremental Term
Facility may be offered to each of the existing Lenders, but no such Lender shall
have any obligation to provide all or any portion of any such Incremental Term
Facility. The Borrower may invite other banks, financial institutions and
investment funds reasonably acceptable to the Administrative Agent (such consent not
to be unreasonably withheld or delayed) to join this Credit Agreement as Lenders
hereunder for any portion of such Incremental Term Facility; provided that
such other banks, financial institutions and investment funds shall enter into such
lender joinder agreements to give effect thereto as the Administrative Agent may
reasonably request.

     (v) Amendments. The Administrative Agent is authorized to enter into,
on behalf of the Lenders, any amendment to this Credit Agreement or any other Credit
Document as may be necessary to incorporate the terms of any such Incremental Term
Facility, including without limitation, the addition of customary mandatory
prepayments and related definitions.

     Section 2.3 Letter of Credit Subfacility.

     (a) Issuance. Subject to the terms and conditions hereof and of the LOC
Documents, if any, during the Commitment Period the Issuing Lender shall issue, and the
Revolving Lenders shall participate in, standby Letters of Credit for the account of the
Borrower from time to time upon request in a form reasonably acceptable to the Issuing
Lender; provided, however, that (i) the aggregate amount of LOC Obligations
shall not at any time exceed FIVE MILLION DOLLARS ($5,000,000) (the “LOC Committed
Amount”), (ii) the Aggregate Revolving Exposure shall not at any time exceed the
Revolving Committed Amount then in effect, (iii) all Letters of Credit shall be denominated
in Dollars and (iv) Letters of Credit shall be issued for any lawful corporate purposes and
shall be issued as standby letters of credit, including in connection with workers’
compensation and other insurance programs. Except as otherwise expressly agreed in writing
by all the Revolving Lenders, no Letter of Credit shall have an original expiry date more
than twelve (12) months from the date of issuance; provided, however, so
long as no Default or Event of Default has occurred and is continuing and subject to the
other terms and conditions to the issuance of Letters of Credit
hereunder, the expiry dates
of Letters of Credit may be extended annually or periodically from time to time on the
request of the Borrower or by operation of the terms of the applicable Letter of Credit

38

 

to a
date not more than twelve (12) months from the date of extension; provided,
further, that no Letter of Credit, as originally issued or as extended, shall have
an expiry date
extending beyond the date that is thirty (30) days prior to the Revolver Maturity Date.
Each Letter of Credit shall comply with the related LOC Documents. The issuance and expiry
date of each Letter of Credit shall be a Business Day. Each Letter of Credit issued
hereunder shall be in a minimum original face amount of $100,000 or such lesser amount as
approved by the Issuing Lender. The Borrower’s Reimbursement Obligations in respect of each
Existing Letter of Credit, and each Revolving Lender’s participation obligations in
connection therewith, shall be governed by the terms of this Credit Agreement. Wells Fargo
shall be the Issuing Lender on all Letters of Credit issued after the Closing Date. The
Existing Letters of Credit shall, as of the Closing Date, be deemed to have been issued as
Letters of Credit hereunder and to be subject to and governed by the terms of this
Agreement.

     (b) Notice and Reports. The request for the issuance of a Letter of Credit
shall be submitted to the Issuing Lender at least five (5) Business Days prior to the
requested date of issuance. The Issuing Lender will promptly upon request provide to the
Administrative Agent for dissemination to the Revolving Lenders a detailed report specifying
the Letters of Credit which are then issued and outstanding and any activity with respect
thereto which may have occurred since the date of any prior report, and including therein,
among other things, the account party, the beneficiary, the face amount, expiry date as well
as any payments or expirations which may have occurred. The Issuing Lender will provide to
the Administrative Agent promptly upon request (i) copies of the Letters of Credit and (ii)
a summary report of the nature and extent of LOC Obligations then outstanding.

     (c) Participations. Each Revolving Lender, (i) on the Closing Date with
respect to each Existing Letter of Credit and (ii) upon issuance of a Letter of Credit,
shall be deemed to have purchased without recourse a risk participation from the Issuing
Lender in such Letter of Credit and the obligations arising thereunder and any Collateral
relating thereto, in each case in an amount equal to its Revolving Commitment Percentage of
the obligations under such Letter of Credit and shall absolutely, unconditionally and
irrevocably assume, as primary obligor and not as surety, and be obligated to pay to the
Issuing Lender therefor and discharge when due, its Revolving Commitment Percentage of the
obligations arising under such Letter of Credit; provided that any Person that
becomes a Revolving Lender after the Closing Date shall be deemed to have purchased a
Participation Interest in all outstanding Letters of Credit on the date it becomes a Lender
hereunder and any Letter of Credit issued on or after such date, in each case in accordance
with the foregoing terms. Without limiting the scope and nature of each Revolving Lender’s
participation in any Letter of Credit, to the extent that the Issuing Lender has not been
reimbursed as required hereunder or under any LOC Document, each such Revolving Lender shall
pay to the Issuing Lender its Revolving Commitment Percentage of such unreimbursed drawing
in same day funds pursuant to and in accordance with the provisions of subsection (d)
hereof. The obligation of each Revolving Lender to so reimburse the Issuing Lender shall be
absolute and unconditional and shall not be affected by the occurrence of a Default, an
Event of Default or any other

39

 

occurrence or event. Any such reimbursement shall not relieve
or otherwise impair the
obligation of the Borrower to reimburse the Issuing Lender under any Letter of Credit,
together with interest as hereinafter provided.

     (d) Reimbursement. In the event of any drawing under any Letter of Credit, the
Issuing Lender will promptly notify the Borrower and the Administrative Agent. The Borrower
shall reimburse the Issuing Lender on the day of drawing under any Letter of Credit if
notified prior to 3:00 P.M. on a Business Day or, if after 3:00 P.M., on the following
Business Day (either with the proceeds of a Revolving Loan obtained hereunder or otherwise)
in same day funds as provided herein or in the LOC Documents. If the Borrower shall fail to
reimburse the Issuing Lender as provided herein, the unreimbursed amount of such drawing
shall automatically bear interest at a per annum rate equal to the Default Rate. Unless the
Borrower shall promptly notify the Issuing Lender and the Administrative Agent of its intent
to otherwise reimburse the Issuing Lender, the Borrower shall be deemed to have requested a
Mandatory LOC Borrowing in the amount of the drawing as provided in subsection (e) hereof,
the proceeds of which will be used to satisfy the Reimbursement Obligations. The Borrower’s
Reimbursement Obligations hereunder shall be absolute and unconditional under all
circumstances irrespective of any rights of set-off, counterclaim or defense to payment the
Borrower may claim or have against the Issuing Lender, the Administrative Agent, the
Lenders, the beneficiary of the Letter of Credit drawn upon or any other Person, including,
without limitation, any defense based on any failure of the Borrower to receive
consideration or the legality, validity, regularity or unenforceability of the Letter of
Credit. The Administrative Agent will promptly notify the other Revolving Lenders of the
amount of any unreimbursed drawing and each Revolving Lender shall promptly pay to the
Administrative Agent for the account of the Issuing Lender, in Dollars and in immediately
available funds, the amount of such Revolving Lender’s Revolving Commitment Percentage of
such unreimbursed drawing. Such payment shall be made on the Business Day such notice is
received by such Revolving Lender from the Administrative Agent if such notice is received
at or before 2:00 P.M., otherwise such payment shall be made at or before 12:00 P.M. on the
Business Day next succeeding the Business Day such notice is received. If such Revolving
Lender does not pay such amount to the Administrative Agent for the account of the Issuing
Lender in full upon such request, such Revolving Lender shall, on demand, pay to the
Administrative Agent for the account of the Issuing Lender interest on the unpaid amount
during the period from the date of such drawing until such Revolving Lender pays such amount
to the Administrative Agent for the account of the Issuing Lender in full at a rate per
annum equal to, if paid within two (2) Business Days of the date of drawing, the Federal
Funds Effective Rate and thereafter at a rate equal to the Alternate Base Rate. Each
Revolving Lender’s obligation to make such payment to the Issuing Lender, and the right of
the Issuing Lender to receive the same, shall be absolute and unconditional, shall not be
affected by any circumstance whatsoever and without regard to the termination of this
Agreement or the Commitments hereunder, the existence of a Default or Event of Default or
the acceleration of the Obligations hereunder and shall be made without any offset,
abatement, withholding or reduction whatsoever.

40

 

     (e) Repayment with Revolving Loans. On any day on which the Borrower shall
have requested, or been deemed to have requested, a Revolving Loan to reimburse a drawing
under a Letter of Credit, the Administrative Agent shall give notice to the Revolving
Lenders that a Revolving Loan has been requested or deemed requested in connection with a
drawing under a Letter of Credit, in which case a Revolving Loan borrowing comprised
entirely of Alternate Base Rate Loans (each such borrowing, a “Mandatory LOC
Borrowing”) shall be made (without giving effect to any termination of the Commitments
pursuant to Section 7.2) pro rata based on each Revolving Lender’s respective Revolving
Commitment Percentage (determined before giving effect to any termination of the Commitments
pursuant to Section 7.2) and the proceeds thereof shall be paid directly to the
Administrative Agent for the account of the Issuing Lender for application to the respective
LOC Obligations. Each Revolving Lender hereby irrevocably agrees to make such Revolving
Loans on the day such notice is received by the Revolving Lenders from the Administrative
Agent if such notice is received at or before 2:00 P.M., otherwise such payment shall be
made at or before 12:00 P.M. on the Business Day next succeeding the day such notice is
received, in each case notwithstanding (i) the amount of Mandatory LOC Borrowing may
not comply with the minimum amount for borrowings of Revolving Loans otherwise required
hereunder, (ii) whether any conditions specified in Section 4.2 are then satisfied, (iii)
whether a Default or an Event of Default then exists, (iv) failure for any such request or
deemed request for Revolving Loan to be made by the time otherwise required in Section
2.1(b), (v) the date of such Mandatory LOC Borrowing, or (vi) any reduction in the Revolving
Committed Amount after any such Letter of Credit may have been drawn upon. In the event
that any Mandatory LOC Borrowing cannot for any reason be made on the date otherwise
required above (including, without limitation, as a result of the occurrence of a Bankruptcy
Event), then each such Revolving Lender hereby agrees that it shall forthwith fund its
Participation Interests in the outstanding LOC Obligations on the Business Day such notice
to fund is received by such Revolving Lender from the Administrative Agent if such notice is
received at or before 2:00 P.M., otherwise such payment shall be made at or before 12:00
Noon on the Business Day next succeeding the Business Day such notice is received;
provided, further, that in the event any Lender shall fail to fund its
Participation Interest as required herein, then the amount of such Revolving Lender’s
unfunded Participation Interest therein shall automatically bear interest payable by such
Revolving Lender to the Administrative Agent for the account of the Issuing Lender upon
demand, at the rate equal to, if paid within two (2) Business Days of such date, the Federal
Funds Effective Rate, and thereafter at a rate equal to the Alternate Base Rate.

     (f) Modification, Extension. The issuance of any supplement, modification,
amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be
treated in all respects the same as the issuance of a new Letter of Credit hereunder.

     (g) ISP98. Unless otherwise expressly agreed by the Issuing Lender and the
Borrower, when a Letter of Credit is issued, the rules of the “International Standby
Practices 1998,” published by the Institute of International Banking Law & Practice (or such
later version thereof as may be in effect at the time of issuance) shall apply to each
standby Letter of Credit.

41

 

     (h) Conflict with LOC Documents. In the event of any conflict between this
Agreement and any LOC Document (including any letter of credit application and any LOC
Documents relating to the Existing Letters of Credit), this Agreement shall control.

     (i) Designation of Subsidiaries as Account Parties. Notwithstanding anything
to the contrary set forth in this Agreement, including, without limitation, Section 2.3(a),
a Letter of Credit issued hereunder may contain a statement to the effect that such Letter
of Credit is issued for the account of a Subsidiary of the Borrower; provided that,
notwithstanding such statement, the Borrower shall be the actual account party for all
purposes of this Agreement for such Letter of Credit and such statement shall not affect the
Borrower’s Reimbursement Obligations hereunder with respect to such Letter of Credit.

     (j) Cash Collateral. At any point in time in which there is a Defaulting
Lender, the Issuing Lender may require the Borrower to Cash Collateralize any Fronting
Exposure with respect to the LOC Obligations pursuant to Section 2.20.

     Section 2.4 Swingline Loan Subfacility.

     (a) Swingline Commitment. During the Commitment Period, subject to the terms
and conditions hereof, the Swingline Lender, in its individual capacity, may, in its
discretion and in reliance upon the agreements of the other Lenders set forth in this
Section, make certain revolving credit loans to the Borrower (each a “Swingline
Loan” and, collectively, the “Swingline Loans”) for the purposes hereinafter set
forth; provided, however, (i) the aggregate principal amount of Swingline
Loans outstanding at any time shall not exceed FIFTEEN MILLION DOLLARS ($15,000,000) (the
“Swingline Committed Amount”), and (ii) the sum of the aggregate principal amount of
outstanding Revolving Loans plus outstanding Swingline Loans plus
outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect.
Swingline Loans hereunder may be repaid, prepaid and reborrowed in accordance with the
provisions hereof.

     (b) Swingline Loan Borrowings.

     (i) Notice of Borrowing and Disbursement. Upon receiving a Notice of
Borrowing from the Borrower not later than 4:00 P.M. on any Business Day requesting
that a Swingline Loan be made, the Swingline Lender will make Swingline Loans
available to the Borrower on the same Business Day such request is received by the
Administrative Agent. Swingline Loan borrowings hereunder shall be made in minimum
amounts of $100,000 (or the remaining available amount of the Swingline Committed
Amount if less) and in integral amounts of $100,000 in excess thereof.

     (ii) Repayment of Swingline Loans. Each Swingline Loan borrowing shall
be due and payable on the Revolver Maturity Date. The Swingline Lender

42

 

may, at any time, in its sole discretion, by written notice to the Borrower and
the Administrative Agent, demand repayment of its Swingline Loans by way of a
Revolving Loan borrowing, in which case the Borrower shall be deemed to have
requested a Revolving Loan borrowing comprised entirely of Alternate Base Rate Loans
in the amount of such Swingline Loans; provided, however, that any
such demand shall also be deemed to have been given one Business Day prior to each
of (A) the Revolver Maturity Date, (B) the occurrence of any Bankruptcy Event, (C)
upon acceleration of the Obligations hereunder, whether on account of a Bankruptcy
Event or any other Event of Default, and (D) the exercise of remedies in accordance
with the provisions of Section 7.2 hereof (each such Revolving Loan borrowing made
on account of any such deemed request therefor as provided herein being hereinafter
referred to as “Mandatory Swingline Borrowing”). Each Revolving Lender
hereby irrevocably agrees to make such Revolving Loans promptly upon any such
request or deemed request on account of each Mandatory Swingline Borrowing in the
amount and in the manner specified in the preceding sentence on (x) the date such
notice is received by the Revolving Lenders from the Administrative Agent if such
notice is received at or before 2:00 P.M. or (y) otherwise at or before 12:00 P.M.
on the Business Day next succeeding the date such notice is received, in each case,
notwithstanding (1) whether the amount of Mandatory Swingline Borrowing
complies with the minimum amount for borrowings of Revolving Loans otherwise
required hereunder, (2) whether any conditions specified in Section 4.2 are then
satisfied, (3) whether a Default or an Event of Default then exists, (4) whether any
such request or deemed request for Revolving Loans is made by the time otherwise
required in Section 2.1(b)(i), (5) the date of such Mandatory Swingline Borrowing,
or (6) any reduction in the Revolving Committed Amount or termination of the
Revolving Commitments immediately prior to such Mandatory Swingline Borrowing or
contemporaneously therewith. In the event that any Mandatory Swingline Borrowing
cannot for any reason be made on the date otherwise required above (including,
without limitation, as a result of the commencement of a proceeding under the
Bankruptcy Code), then each Revolving Lender hereby agrees that it shall forthwith
purchase (as of the date the Mandatory Swingline Borrowing would otherwise have
occurred, but adjusted for any payments received from the Borrower on or after such
date and prior to such purchase) from the Swingline Lender such Participation
Interest in the outstanding Swingline Loans as shall be necessary to cause each such
Revolving Lender to share in such Swingline Loans ratably based upon its respective
Revolving Commitment Percentage (determined before giving effect to any termination
of the Commitments pursuant to Section 7.2); provided that (x) all interest
payable on the Swingline Loans shall be for the account of the Swingline Lender
until the date as of which the respective Participation Interest is purchased, and
(y) at the time any purchase of a Participation Interest pursuant to this sentence
is actually made, the purchasing Revolving Lender shall be required to pay to the
Swingline Lender interest on the principal amount of such Participation Interest
purchased for each day from and including the day upon which the Mandatory Swingline
Borrowing would otherwise have occurred to but

43

 

excluding the date of payment for such Participation Interest, at the rate
equal to, if paid within two (2) Business Days of the date of the Mandatory
Swingline Borrowing, the Federal Funds Effective Rate, and thereafter at a rate
equal to the Alternate Base Rate. The Borrower shall have the right to repay the
Swingline Loan in whole or in part from time to time in accordance with Section
2.7(a).

     (c) Interest on Swingline Loans. Subject to the provisions of Section 2.8,
Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate
plus the Applicable Margin for Alternate Base Rate Loans. Interest on Swingline
Loans shall be payable in arrears on each Interest Payment Date.

     (d) Swingline Loan Note; Covenant to Pay. Upon request by the Swingline
Lender, the Swingline Loans shall be evidenced by a duly executed promissory note of the
Borrower in favor of the Swingline Lender in the original amount of the Swingline Committed
Amount and substantially in the form of Exhibit 2.4(d). The Borrower covenants and
agrees to pay the Swingline Loans in accordance with the terms of this Agreement.

     (e) Cash Collateral. At any point in time in which there is a Defaulting
Lender, the Swingline Lender may require the Borrower to Cash Collateralize any Fronting
Exposure with respect to the outstanding Swingline Loans pursuant to Section 2.20.

     Section 2.5 Fees.

     (a) Commitment Fee. Subject to Section 2.21, in consideration of the Revolving
Commitments, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit
of the Revolving Lenders, a commitment fee (the “Commitment Fee”) which shall accrue
at the applicable rate set forth under the heading “Commitment Fees” in the table contained
in the definition of “Applicable Margin” on the average daily unused amount of the Revolving
Committed Amount during the period from and including the Closing Date to but excluding the
Revolver Maturity Date. For purposes of computation of the Commitment Fee, LOC Obligations
shall be considered usage of the Revolving Committed Amount but Swingline Loans shall not be
considered usage of the Revolving Committed Amount. The Commitment Fee shall be payable
quarterly in arrears on the last Business Day of each calendar quarter.

     (b) Letter of Credit Fees. Subject to Section 2.21, in consideration of the
LOC Commitments, the Borrower agrees to pay to the Administrative Agent, for the ratable
benefit of the Revolving Lenders, a fee (the “Letter of Credit Fee”) with respect to
its participations in Letters of Credit, which shall accrue at the same Applicable Margin
used to determine the interest rate applicable to LIBO Rate Loans, on the average daily
maximum amount available to be drawn under all outstanding Letters of Credit. The Letter of
Credit Fee shall be payable quarterly in arrears on the last Business Day of each calendar
quarter.

44

 

     (c) Issuing Lender Fees. In addition to the Letter of Credit Fees payable
pursuant to subsection (b) hereof, the Borrower shall pay to the Issuing Lender for its own
account without sharing by the other Lenders the reasonable and customary charges from time
to time of the Issuing Lender with respect to the amendment, transfer, administration,
cancellation and conversion of, and drawings under, such Letters of Credit (collectively,
the “Issuing Lender Fees”). The Issuing Lender may charge, and retain for its own
account without sharing by the other Lenders, an additional facing fee (the “Letter of
Credit Facing Fee”) in the amount set forth in the Fee Letter on the average daily
maximum amount available to be drawn under each such Letter of Credit issued by it. The
Issuing Lender Fees and the Letter of Credit Facing Fee shall be payable quarterly in
arrears on the last Business Day of each calendar quarter.

     (d) Administrative Fee. The Borrower agrees to pay to the Administrative Agent
the annual administrative fee as described in the Fee Letter.

     Section 2.6 Commitment Reductions.

     (a) Voluntary Reductions. The Borrower shall have the right to terminate or
permanently reduce the unused portion of the Revolving Committed Amount at any time or from
time to time upon not less than five (5) Business Days’ prior written notice to the
Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of each
such termination or reduction, which notice shall specify the effective date thereof and the
amount of any such reduction which shall be in a minimum amount of $1,000,000 or a whole
multiple of $1,000,000 in excess thereof and shall be irrevocable and effective upon receipt
by the Administrative Agent; provided that no such reduction or termination shall be
permitted if after giving effect thereto, and to any prepayments of the Revolving Loans made
on the effective date thereof, the Aggregate Revolving Exposure would exceed the Revolving
Committed Amount then in effect. Any reduction in the Revolving Committed Amount shall be
applied ratably to the Commitment of each Revolving Lender in accordance with its Revolving
Commitment Percentage.

     (b) LOC Committed Amount. If the Revolving Committed Amount is reduced below
the then current LOC Committed Amount, the LOC Committed Amount shall automatically be
reduced by an amount such that the LOC Committed Amount equals the Revolving Committed
Amount.

     (c) Swingline Committed Amount. If the Revolving Committed Amount is reduced
below the then current Swingline Committed Amount, the Swingline Committed Amount shall
automatically be reduced by an amount such that the Swingline Committed Amount equals the
Revolving Committed Amount.

     (d) Revolver Maturity Date. The Revolving Commitments, the Swingline
Commitment and the LOC Commitment shall automatically terminate on the Revolver Maturity
Date.

45

 

     Section 2.7 Prepayments.

     (a) Optional Prepayments and Repayments. The Borrower shall have the right to
prepay or repay the Revolving Loans and Swingline Loans in whole or in part from time to
time; provided, however, that each partial prepayment or repayment of (i)
Revolving Loans that are Alternate Base Rate Loans shall be in a minimum principal amount of
$500,000 and integral multiples of $100,000 in excess thereof (or the remaining outstanding
principal amount thereof), (ii) Revolving Loans that LIBO Rate Loans shall be in a minimum
principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or the
remaining outstanding principal amount thereof) and (iii) Swingline Loans shall be in a
minimum principal amount of $100,000 and integral multiples of $100,000 in excess thereof
(or the remaining outstanding principal amount thereof). The Borrower shall give three
Business Days’ irrevocable notice of prepayment in the case of LIBO Rate Loans and same-day
irrevocable notice on any Business Day in the case of Alternate Base Rate Loans, to the
Administrative Agent (which shall notify the Lenders thereof as soon as practicable). To
the extent the Borrower elects to prepay the Revolving Loans and/or Swingline Loans, amounts
prepaid under this Section shall be applied to the Revolving Loans and/or Swingline Loans,
as applicable of the Revolving Lenders in accordance with their respective Revolving
Commitment Percentages. Within the foregoing parameters, prepayments under this Section
shall be applied first to Alternate Base Rate Loans and then to LIBO Rate Loans in direct
order of Interest Period maturities. All prepayments under this Section shall be subject to
Section 2.15, but otherwise without premium or penalty. Interest on the principal amount
prepaid shall be payable on the next occurring Interest Payment Date that would have
occurred had such loan not been prepaid or, at the request of the Administrative Agent,
interest on the principal amount prepaid shall be payable on any date that a prepayment is
made hereunder through the date of prepayment.

     (b) Mandatory Prepayment.

     (i) Revolving Committed Amount. If at any time after the Closing Date,
the Aggregate Revolving Exposure shall exceed the Revolving Committed Amount, the
Borrower shall immediately prepay the Revolving Loans and Swingline Loans and, if
the Aggregate Revolving Exposure shall continue to exceed the Revolving Committed
Amount after all Revolving Loans and Swingline Loans have been repaid, Cash
Collateralize the LOC Obligations in an amount sufficient to eliminate such excess
(such prepayment to be applied as set forth in clause (ii) below).

     (ii) Application of Mandatory Prepayments. All amounts required to be
paid pursuant to Section 2.7(b)(i) shall be applied (1) first to the
outstanding Swingline Loans, (2) second to the outstanding Revolving Loans
and (3) third to Cash Collateralize the LOC Obligations. Within the
parameters of the applications set forth above, prepayments shall be applied first
to Alternate Base Rate Loans and then to LIBO Rate Loans in direct order of Interest
Period maturities. All prepayments under this Section shall be subject to Section
2.15

46

 

and be accompanied by interest on the principal amount prepaid through the date
of prepayment, but otherwise without premium or penalty.

     (c) Bank Product Obligations Unaffected. Any repayment or prepayment made
pursuant to this Section shall not affect the Borrower’s obligation to continue to make
payments under any Bank Product, which shall remain in full force and effect notwithstanding
such repayment or prepayment, subject to the terms of such Bank Product.

     Section 2.8 Default Rate and Payment Dates.

     (a) If all or a portion of the principal amount of any Loan which is a LIBO Rate Loan
shall not be paid when due (whether at the stated maturity, by acceleration or otherwise) or
continued as a LIBO Rate Loan in accordance with the provisions of Section 2.9, such overdue
principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end
of the Interest Period applicable thereto.

     (b) Upon the occurrence and during the continuance of a (i) Bankruptcy Event or a
Payment Event of Default, all outstanding principal, fees and other obligations owing
hereunder or under the other Credit Documents shall automatically bear interest at a rate
per annum which is equal to the Default Rate and (ii) any other Event of Default hereunder,
at the option of the Required Lenders, all outstanding principal, fees and other obligations
owing hereunder or under the other Credit Documents shall automatically bear interest, at a
per annum rate which is equal to the Default Rate, in each case from the date of such Event
of Default to but excluding the date such Event of Default is cured or waived in accordance
with Section 9.1. Any default interest owing under this Section 2.8(b) shall be due and
payable on the earlier to occur of (x) demand by the Administrative Agent (which demand the
Administrative Agent shall make if directed by the Required Lenders) and (y) the Revolver
Maturity Date.

     (c) Interest on each Loan shall be payable in arrears on each Interest Payment Date;
provided that interest accruing pursuant to paragraph (b) of this Section shall be
payable from time to time on demand.

     Section 2.9 Conversion Options.

     (a) The Borrower may, in the case of Revolving Loans, elect from time to time to
convert Alternate Base Rate Loans to LIBO Rate Loans or to continue LIBO Rate Loans, by
delivering a Notice of Conversion/Extension to the Administrative Agent at least three
Business Days prior to the proposed date of conversion or continuation. In addition, the
Borrower may elect from time to time to convert all or any portion of a LIBO Rate Loan to an
Alternate Base Rate Loan by giving the Administrative Agent irrevocable written notice
thereof by 11:00 A.M. on the proposed date of conversion. If the date upon which an
Alternate Base Rate Loan is to be converted to a LIBO Rate Loan is not a Business Day, then
such conversion shall be made on the next succeeding Business Day and during such period
such Loan shall bear interest as if it were an

47

 

Alternate Base Rate Loan. If the date upon which a LIBO Rate Loan is to be converted
to an Alternate Base Rate Loan is not a Business Day, then such conversion shall be made on
the next succeeding Business Day and during the period from such last day of an Interest
Period to such succeeding Business Day such Loan shall bear interest as if it were an
Alternate Base Rate Loan. All or any part of outstanding Alternate Base Rate Loans may be
converted as provided herein; provided that (i) no Loan may be converted into a LIBO
Rate Loan when any Default or Event of Default has occurred and is continuing and (ii)
partial conversions shall be in an aggregate principal amount of $1,000,000 or a whole
multiple of $1,000,000 in excess thereof. All or any part of outstanding LIBO Rate Loans
may be converted as provided herein; provided that partial conversions shall be in
an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess
thereof.

     (b) Any LIBO Rate Loans may be continued as such upon the expiration of an Interest
Period with respect thereto by compliance by the Borrower with the notice provisions
contained in Section 2.9(a); provided, that no LIBO Rate Loan may be continued as
such when any Default or Event of Default has occurred and is continuing, in which case such
Loan shall be automatically converted to an Alternate Base Rate Loan at the end of the
applicable Interest Period with respect thereto. If the Borrower shall fail to give timely
notice of an election to continue a LIBO Rate Loan, or the continuation of LIBO Rate Loans
is not permitted hereunder, such LIBO Rate Loans shall be automatically converted to
Alternate Base Rate Loans at the end of the applicable Interest Period with respect thereto.

     Section 2.10 Computation of Interest and Fees; Usury.

     (a) Interest payable hereunder with respect to any Alternate Base Rate Loan based on
the Prime Rate shall be calculated on the basis of a year of 365 days (or 366 days, as
applicable) for the actual days elapsed. All other fees, interest and all other amounts
payable hereunder shall be calculated on the basis of a 360-day year for the actual days
elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the
Lenders of each determination of a LIBO Rate on the Business Day of the determination
thereof. Any change in the interest rate on a Loan resulting from a change in the Alternate
Base Rate shall become effective as of the opening of business on the day on which such
change in the Alternate Base Rate shall become effective. The Administrative Agent shall as
soon as practicable notify the Borrower and the Lenders of the effective date and the amount
of each such change.

     (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders
in the absence of manifest error. The Administrative Agent shall, at the request of the
Borrower, deliver to the Borrower a statement showing the computations used by the
Administrative Agent in determining any interest rate.

     (c) It is the intent of the Lenders and the Credit Parties to conform to and contract
in strict compliance with applicable usury law from time to time in effect. All

48

 

agreements between the Lenders and the Credit Parties are hereby limited by the
provisions of this subsection which shall override and control all such agreements, whether
now existing or hereafter arising and whether written or oral. In no way, nor in any event
or contingency (including, but not limited to, prepayment or acceleration of the maturity of
any Obligation), shall the interest taken, reserved, contracted for, charged, or received
under this Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount
permissible under applicable law. If, from any possible construction of any of the Credit
Documents or any other document, interest would otherwise be payable in excess of the
maximum nonusurious amount, any such construction shall be subject to the provisions of this
paragraph and such interest shall be automatically reduced to the maximum nonusurious amount
permitted under applicable law, without the necessity of execution of any amendment or new
document. If any Lender shall ever receive anything of value which is characterized as
interest on the Loans under applicable law and which would, apart from this provision, be in
excess of the maximum nonusurious amount, an amount equal to the amount which would have
been excessive interest shall, without penalty, be applied to the reduction of the principal
amount owing on the Loans and not to the payment of interest, or refunded to the Borrower or
the other payor thereof if and to the extent such amount which would have been excessive
exceeds such unpaid principal amount of the Loans. The right to demand payment of the Loans
or any other Indebtedness evidenced by any of the Credit Documents does not include the
right to receive any interest which has not otherwise accrued on the date of such demand,
and the Lenders do not intend to charge or receive any unearned interest in the event of
such demand. All interest paid or agreed to be paid to the Lenders with respect to the
Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated,
and spread throughout the full stated term (including any renewal or extension) of the Loans
so that the amount of interest on account of such Indebtedness does not exceed the maximum
nonusurious amount permitted by applicable law.

     Section 2.11 Pro Rata Treatment and Payments.

     (a) Allocation of Payments Prior to Exercise of Remedies. Each borrowing of
Revolving Loans and any reduction of the Revolving Commitments shall be made pro rata
according to the respective Revolving Commitment Percentages of the Revolving Lenders.
Unless otherwise required by the terms of this Agreement, each payment under this Agreement
shall be applied, first, to any fees then due and owing by the Borrower pursuant to
Section 2.5, second, to interest then due and owing hereunder by the Borrower and,
third, to principal then due and owing hereunder and under this Agreement by the
Borrower. Each payment on account of any fees pursuant to Section 2.5 shall be made pro
rata in accordance with the respective amounts due and owing (except as to the Letter of
Credit Facing Fees and the Issuing Lender Fees which shall be paid to the Issuing Lender).
Each optional repayment and prepayment by the Borrower on account of principal of and
interest on the Revolving Loans shall be applied on a pro rata basis and in accordance with
the terms of Section 2.7(a) hereof. Each mandatory prepayment on account of principal of
the Loans shall be applied to such Loans on a pro rata basis in accordance with Section
2.7(b). All payments (including prepayments) to be made by the Borrower on account of
principal, interest and fees shall be made without defense, set-off

49

 

or counterclaim and shall be made to the Administrative Agent for the account of the
Lenders at the Administrative Agent’s office specified on Section 9.2 in Dollars and in
immediately available funds not later than 1:00 P.M. on the date when due. The
Administrative Agent shall distribute such payments to the Lenders entitled thereto promptly
upon receipt in like funds as received. If any payment hereunder (other than payments on
the LIBO Rate Loans) becomes due and payable on a day other than a Business Day, such
payment shall be extended to the next succeeding Business Day, and, with respect to payments
of principal, interest thereon shall be payable at the then applicable rate during such
extension. If any payment on a LIBO Rate Loan becomes due and payable on a day other than a
Business Day, such payment date shall be extended to the next succeeding Business Day unless
the result of such extension would be to extend such payment into another calendar month, in
which event such payment shall be made on the immediately preceding Business Day.

     (b) Allocation of Payments After Exercise of Remedies. Notwithstanding any
other provisions of this Agreement to the contrary, after the exercise of remedies (other
than the application of default interest pursuant to Section 2.8) by the Administrative
Agent or the Lenders pursuant to Section 7.2 (or after the Commitments shall automatically
terminate and the Loans (with accrued interest thereon) and all other amounts under the
Credit Documents (including, without limitation, the maximum amount of all contingent
liabilities under Letters of Credit) shall automatically become due and payable in
accordance with the terms of such Section), all amounts collected or received by the
Administrative Agent or any Lender on account of the Credit Party Obligations or any other
amounts outstanding under any of the Credit Documents or in respect of the Collateral shall
be paid over or delivered as follows (irrespective of whether the following costs, expenses,
fees, interest, premiums, scheduled periodic payments or Credit Party Obligations are
allowed, permitted or recognized as a claim in any proceeding resulting from the occurrence
of a Bankruptcy Event):

     FIRST, to the payment of all reasonable out-of-pocket costs and expenses
(including, without limitation, reasonable attorneys’ fees) of the Administrative
Agent in connection with enforcing the rights of the Lenders under the Credit
Documents and any protective advances made by the Administrative Agent with respect
to the Collateral under or pursuant to the terms of the Security Documents;

     SECOND, to the payment of any fees owed to the Administrative Agent and the
Issuing Lender;

     THIRD, to the payment of all reasonable out-of-pocket costs and expenses
(including, without limitation, reasonable attorneys’ fees) of each of the Lenders
in connection with enforcing its rights under the Credit Documents or otherwise with
respect to the Credit Party Obligations owing to such Lender;

     FOURTH, to the payment of all of the Credit Party Obligations consisting of
accrued fees and interest, and including, with respect to any Bank Product, any

50

 

fees, premiums and scheduled periodic payments due under such Bank Product and
any interest accrued thereon;

     FIFTH, to the payment of the outstanding principal amount of the Credit Party
Obligations and the payment or cash collateralization of the outstanding LOC
Obligations, and including with respect to any Bank Product, any breakage,
termination or other payments due under such Bank Product and any interest accrued
thereon;

     SIXTH, to all other Credit Party Obligations and other obligations which shall
have become due and payable under the Credit Documents or otherwise and not repaid
pursuant to clauses “FIRST” through “FIFTH” above; and

     SEVENTH, to the payment of the surplus, if any, to whoever may be lawfully
entitled to receive such surplus.

     In carrying out the foregoing, (a) amounts received shall be applied in the numerical
order provided until exhausted prior to application to the next succeeding category; (b)
each of the Lenders and any Bank Product Provider shall receive an amount equal to its pro
rata share (based on the proportion that the then outstanding Loans and LOC Obligations held
by such Lender or the outstanding obligations payable to such Bank Product Provider bears to
the aggregate then outstanding Loans and LOC Obligations and obligations payable under all
Bank Products) of amounts available to be applied pursuant to clauses “THIRD”, “FOURTH”,
“FIFTH” and “SIXTH” above; and (c) to the extent that any amounts available for distribution
pursuant to clause “FIFTH” above are attributable to the issued but undrawn amount of
outstanding Letters of Credit, such amounts shall be held by the Administrative Agent in a
cash collateral account and applied (i) first, to reimburse the Issuing Lender from time to
time for any drawings under such Letters of Credit and (ii) then, following the expiration
of all Letters of Credit, to all other obligations of the types described in clauses “FIFTH”
and “SIXTH” above in the manner provided in this Section. Notwithstanding the foregoing
terms of this Section, only Collateral proceeds and payments under the Guaranty (as opposed
to ordinary course principal, interest and fee payments hereunder) shall be applied to
obligations under any Bank Product. Amounts distributed with respect to any Bank Product
Debt shall be the last Bank Product Amount reported to the Administrative Agent;
provided that any such Bank Product Provider may provide an updated Bank Product
Amount to the Administrative Agent prior to payments made pursuant to this Section. The
Administrative Agent shall have no obligation to calculate the amount to be distributed with
respect to any Bank Product Debt, but may rely upon written notice of the amount (setting
forth a reasonably detailed calculation) from the applicable Bank Product Provider. In the
absence of such notice, the Administrative Agent may assume the amount to be distributed is
the Bank Product Amount last reported to the Administrative Agent.

51

 

     Section 2.12 Non-Receipt of Funds by the Administrative Agent.

     (a) Funding by Lenders; Presumption by Administrative Agent. Unless the
Administrative Agent shall have received written notice from a Lender prior to the proposed
date of any Extension of Credit that such Lender will not make available to the
Administrative Agent such Lender’s share of such Extension of Credit, the Administrative
Agent may assume that such Lender has made such share available on such date in accordance
with this Agreement 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 Extension of Credit 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 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 (i) 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 and
(ii) in the case of a payment to be made by the Borrower, the interest rate applicable to
Alternate 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 Extension of Credit to the
Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included
in such Extension of Credit. 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.

     (b) Payments by Borrower; Presumptions by Administrative Agent. Unless the
Administrative Agent shall 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 Issuing
Lender 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 Issuing Lender, as the
case may be, the amount due. In such event, if the Borrower has not in fact made such
payment, then each of the Lenders or the Issuing Lender, as the case may be, severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to
such Lender or the Issuing Lender, with interest thereon, for each day from and including
the date such amount is distributed to it to but excluding the date of payment to the
Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation.

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

52

 

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

     (d) Obligations of Lenders Several. The obligations of the Lenders hereunder
to make Revolving Loans, to fund participations in Letters of Credit and Swingline Loans and
to make payments pursuant to Section 9.5(c) are several and not joint. The failure of any
Lender to make any Loan, to fund any such participation or to make any such payment under
Section 9.5(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 9.5(c).

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

     Section 2.13 Inability to Determine Interest Rate.

     Notwithstanding any other provision of this Agreement, if (a) the Administrative Agent shall
reasonably determine (which determination shall be conclusive and binding absent manifest error)
that, by reason of circumstances affecting the relevant market, reasonable and adequate means do
not exist for ascertaining the LIBO Rate for any Interest Period, or (b) the Required Lenders shall
reasonably determine (which determination shall be conclusive and binding absent manifest error)
that the LIBO Rate does not adequately and fairly reflect the cost to such Lenders of funding LIBO
Rate Loans that the Borrower has requested be outstanding as a LIBOR Tranche during such Interest
Period, the Administrative Agent shall forthwith give telephone notice of such determination,
confirmed in writing, to the Borrower, and the Lenders at least two (2) Business Days prior to the
first day of such Interest Period. Unless the Borrower shall have notified the Administrative
Agent upon receipt of such telephone notice that it wishes to rescind or modify its request
regarding such LIBO Rate Loans, any Loans that were requested to be made as LIBO Rate Loans shall
be made as Alternate Base Rate Loans and any Loans that were requested to be converted into or
continued as LIBO Rate Loans shall remain as or be converted into Alternate Base Rate Loans. Until
any such notice has been withdrawn by the Administrative Agent, no further Loans shall be made as,
continued as, or converted into, LIBO Rate Loans for the Interest Periods so affected.

53

 

     Section 2.14 Yield Protection.

     (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 LIBO Rate) or the Issuing Lender; or

     (ii) impose on any Lender or the Issuing Lender or the London interbank market
any other condition, cost or expense affecting this Agreement or LIBO Rate Loans
made by such Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any LIBO Rate Loan or of maintaining its obligation to make any such
Loan), or to increase the cost to such Lender or the Issuing Lender 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 Administrative Agent, Lender, the Issuing Lender or other recipient
hereunder (whether of principal, interest or any other amount) then, upon request of such
Administrative Agent, Lender, the Issuing Lender, or other recipient, and upon receipt of
appropriate documentation evidencing such increase in cost (which shall be deemed correct
absent manifest error), the Borrower will pay to such Administrative Agent, Lender, the
Issuing Lender or other recipient, as the case may be, such additional amount or amounts as
will compensate such Administrative Agent, Lender, Issuing Lender or other recipient, as the
case may be, for such additional costs incurred or reduction suffered.

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

54

 

     (c) Certificates for Reimbursement. A certificate of a Lender or the Issuing
Lender setting forth the amount or amounts necessary to compensate such Lender or the
Issuing Lender or its holding company, as the case may be, as specified in paragraph (a) or
(b) of this Section and delivered to the Borrower, together with appropriate documentation
evidencing the increase in cost as specified in Section 2.14(a), shall be conclusive absent
manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may
be, the amount shown as due on any such certificate within ten (10) days after receipt
thereof.

     (d) Delay in Requests. Failure or delay on the part of any Lender or the
Issuing Lender to demand compensation pursuant to this Section shall not constitute a waiver
of such Lender’s or the Issuing Lender’s right to demand such compensation, provided
that the Borrower shall not be required to compensate a Lender or the Issuing Lender
pursuant to this Section for any increased costs incurred or reductions suffered, as the
case may be, to the extent that such Lender or the Issuing Lender fails to make a demand for
such compensation more than nine (9) months after becoming aware of such Change in Law
giving arise to such increased costs or reductions.

     Section 2.15 Compensation for Losses; Eurocurrency Liabilities.

     (a) Compensation 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:

     (i) any continuation, conversion, payment or prepayment of any LIBO 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);

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

     (iii) any assignment of a LIBO 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 2.19.

including any loss of anticipated profits and any loss or expense arising from the
liquidation or reemployment of funds obtained by it to maintain such Loan or from fees
payable to terminate the deposits from which such funds were obtained. The Borrower shall
also pay any customary 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, each Lender shall be deemed to have funded each LIBO Rate Loan made by it at

55

 

the LIBO Rate for such Loan by a matching deposit or other borrowing in the London interbank
eurodollar market for a comparable amount and for a comparable period, whether or not such
LIBO Rate Loan was in fact so funded.

     (b) The Borrower shall pay to each Lender, as long as such Lender shall be required to
maintain reserves under Regulation D with respect to “Eurocurrency liabilities” within the
meaning of Regulation D, or under any similar or successor regulation with respect to
Eurocurrency liabilities or Eurocurrency funding, additional interest on the unpaid
principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to
such LIBOR Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive), which shall be due and payable on each date on which
interest is payable on such LIBOR Loan, provided the Borrower shall have received at least
fifteen (15) days prior notice (with a copy to the Administrative Agent) of such additional
interest from such Lender. If a Lender fails to give notice fifteen (15) days prior to the
relevant interest payment date, such additional interest shall be due and payable fifteen
(15) days from receipt of such notice.

     Section 2.16 Taxes.

     (a) Payments Free of Taxes. Any and all payments by or on account of any
obligation of any Credit Party under any Credit Document shall be made free and clear of and
without reduction or withholding for any Taxes, provided that if any applicable law
(as determined in the good faith discretion of an applicable Credit Party) requires the
deduction or withholding of any Tax from any such payment, then the Credit Party shall make
such deduction and timely pay the full amount deducted 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 Credit Party to the Administrative Agent, Issuing Lender, or
Lender, as the case may be, shall be increased as necessary so that after making all
required deductions (including deductions applicable to additional sums payable under this
Section) the Administrative Agent, Issuing Lender, or Lender, as the case may be, receives
an amount equal to the sum it would have received had no such deductions been made.

     (b) Payment of Other Taxes by the Borrower. Without limiting the provisions of
paragraph (a) above, and without duplication of any payment or adjustment required by this
Section, the Borrower 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.

     (c) Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent, each Lender and the Issuing Lender, within ten (10) days after written
demand therefor, which demand shall contain an invoice setting forth in reasonable detail
the amounts subject to indemnification under this paragraph (c), for the full amount of any
Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or
asserted on or attributable to amounts payable under this Section) payable or paid by the
Administrative Agent, such Lender or the Issuing Lender,

56

 

as the case may be, and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount
of such payment or liability, which certificate shall set forth in reasonable detail the
calculations of the amount of such payment or liability, shall be delivered to the Borrower
by a Lender or the Issuing Lender (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender or the Issuing Lender,
contemporaneously with any request for indemnification under this paragraph (c) and shall be
conclusive absent manifest error. The Borrower shall also indemnify the Administrative
Agent, within 10 days after demand therefor, for any amount which a Lender or the Issuing
Lender for any reason fails to pay indefeasibly to the Administrative Agent as required by
this paragraph (c); provided that, such Lender or the Issuing Lender, as the case
may be, shall indemnify the Borrower to the extent of any payment the Borrower makes to the
Administrative Agent pursuant to this sentence. In addition, the Borrower shall indemnify,
without duplication, the Administrative Agent, each Lender and the Issuing Lender, within 10
days after demand therefor, for any incremental Taxes that may become payable by such
Administrative Agent, Lender (or its beneficial owners) or Issuing Lender as a result of any
failure of any Credit Party to pay any Taxes when due to the appropriate Governmental
Authority or to deliver to such Administrative Agent, pursuant to clause (e), documentation
evidencing the payment of Taxes.

     (d) Indemnification of the Administrative Agent. Each Lender and the Issuing
Lender shall indemnify the Administrative Agent within 10 days after demand therefor, for
the full amount of any Excluded Taxes attributable to such Lender that are payable or paid
by the Administrative Agent, and reasonable expenses arising therefrom or with respect
thereto, whether or not such Excluded Taxes were correctly or legally imposed or asserted by
the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to any Lender by the Administrative Agent shall be conclusive absent
manifest error. Each Lender and the Issuing Lender hereby authorizes the Administrative
Agent to set off and apply any and all amounts at any time owing to such Lender or the
Issuing Lender, as the case may be, under any Credit Document against any amount due to the
Administrative Agent under this paragraph (d). The agreements in paragraph (d) shall survive
the resignation and/or replacement of the Administrative Agent.

     (e) Evidence of Payments. As soon as practicable after any payment of
Indemnified Taxes by any Credit Party to a Governmental Authority pursuant to this Section,
the Borrower 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.

     (f) Status of Lenders. Any Foreign Lender that is entitled to an exemption
from or reduction of withholding tax with respect to payments made under any Credit Document
shall deliver to the Borrower and the Administrative Agent, at the time or

57

 

times reasonably requested by the Borrower or the Administrative Agent, such properly
completed and executed documentation prescribed by applicable law as will permit such
payments to be made without withholding or at a reduced rate of withholding. In addition,
any Lender, if 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, in the case of any withholding Tax other than the U.S. federal withholding Tax,
the completion, execution and submission of such forms shall not be required if in the
Foreign Lender’s judgment such completion, execution or submission would subject such
Foreign Lender to any material unreimbursed cost or expense or would materially prejudice
the legal or commercial position of such Foreign Lender.

     Without limiting the generality of the foregoing, in the event that the Borrower is a
U.S. Borrower,

     (i) 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 request of the
Borrower or the Administrative Agent), executed originals of Internal Revenue
Service Form W-9 or such other documentation or information prescribed by applicable
laws or reasonably requested by the 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; and

     (ii) 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 request of the Borrower or the Administrative Agent), whichever of the following
is applicable:

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

     (B) executed originals of Internal Revenue Service Form W-8ECI;

     (C) in the case of a Foreign Lender claiming the benefits of the
exemption for portfolio interest under section 881(c) of the Code, (x) a
certificate to the effect that (A) such Foreign Lender is not a “bank” for
purposes of section 881(c)(3)(A) of the Code, a “10 percent shareholder”

58

 

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 and (B) the interest payments in question are not effectively
connected with a U.S. trade or business conducted by such Foreign Lender or
are effectively connected but are not includible in the Foreign Lender’s
gross income for U.S. federal income tax purposes under an income tax treaty
(a “U.S. Tax Compliance Certificate”) and (y) executed originals of
Internal Revenue Service Form W-8BEN; or

     (D) 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
to determine the withholding or deduction required to be made.

     (iii) If a payment made to a Lender under any Credit Document would be subject
to U.S. Federal withholding Tax imposed by FATCA if such Lender fails 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 (A) a certification signed by the chief
financial officer, principal accounting officer, treasurer or controller, and (B)
other documentation reasonably requested by the Borrower and the Administrative
Agent sufficient for the Administrative Agent and the Borrower to comply with their
obligations under FATCA and to determine that such Lender has complied with such
applicable reporting requirements.

     Each Lender agrees that if any form or certification it previously delivered
pursuant to this paragraph (f) 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.

     (g) Treatment of Certain Refunds. If the Administrative Agent, a Lender or the
Issuing Lender determines, in its commercially reasonable discretion, that it has received a
refund (including, without limitation, by use of a specifically identifiable credit against
any Taxes) of any Taxes as to which it has been indemnified pursuant to this Section
(including additional amounts paid by any Credit Party pursuant to this Section), it shall
pay to the indemnifying party an amount equal to such refund or credit (but only to the
extent of indemnity payments made under this Section with respect to the Indemnified Taxes
or Other Taxes giving rise to such refund or credit), net of all out-of-pocket expenses
(including Taxes) of the Administrative Agent, such Lender or the Issuing Lender, as the
case may be, and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund or credit), provided that such indemnifying
party, upon the request of the Administrative Agent, such Lender or the Issuing Lender,
agrees to repay the amount paid over pursuant to this Section (g)

59

 

(plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent, such Lender or the Issuing Lender in the event the
Administrative Agent, such Lender or the Issuing Lender is required to repay such refund or
credit to such Governmental Authority. Notwithstanding anything to the contrary in this
paragraph (g), in no event will the Administrative Agent, the Issuing Lender or any Lender
be required to pay any amount to an indemnifying party pursuant to this paragraph (g) the
payment of which would place the Administrative Agent, Issuing Lender or Lender in a less
favorable net after-Tax position than the Administrative Agent, Issuing Lender or Lender
would have been in if the indemnification payments or additional amounts giving rise to such
refund or credit had never been paid. This paragraph shall not be construed to require the
Administrative Agent, any Lender or the Issuing Lender 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.

     (h) Survival. Each party’s obligations under this Section shall survive the
termination of the Credit Documents and payment of any obligations thereunder.

     Section 2.17 Indemnification; Nature of Issuing Lender’s Duties.

     (a) In addition to its other obligations under Section 2.3, the Credit Parties hereby
agree to protect, indemnify, pay and save the Issuing Lender and each Lender harmless from
and against any and all claims, demands, liabilities, damages, losses, costs, charges and
expenses (including reasonable attorneys’ fees) that the Issuing Lender or such Lender may
incur or be subject to as a consequence, direct or indirect, of (i) the issuance of any
Letter of Credit or (ii) the failure of the Issuing Lender to honor a drawing under a Letter
of Credit as a result of any act or omission, whether rightful or wrongful, of any present
or future de jure or de facto government or Governmental Authority (all such acts or
omissions, herein called “Government Acts”).

     (b) As between the Credit Parties, the Issuing Lender and each Lender, the Credit
Parties shall assume all risks of the acts, omissions or misuse of any Letter of Credit by
the beneficiary thereof. Neither the Issuing Lender nor any Lender shall be responsible:
(i) for the form, validity, sufficiency, accuracy, genuineness or legal effect of any
document submitted by any party in connection with the application for and issuance of any
Letter of Credit, even if it should in fact prove to be in any or all respects invalid,
insufficient, inaccurate, fraudulent or forged; (ii) for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign any Letter of
Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, that
may prove to be invalid or ineffective for any reason; (iii) for failure of the beneficiary
of a Letter of Credit to comply fully with conditions required in order to draw upon a
Letter of Credit; (iv) for errors, omissions, interruptions or delays in transmission or
delivery of any messages, by mail, cable, telegraph, telex or otherwise, whether or not they
be in cipher; (v) for errors in interpretation of technical terms; (vi) for any loss or
delay in the transmission or otherwise of any document required in order to make a drawing
under a Letter of Credit or of the proceeds thereof; and (vii) for any consequences arising
from causes beyond the control of the Issuing Lender or any Lender, including, without

60

 

limitation, any Government Acts. None of the above shall affect, impair, or prevent
the vesting of the Issuing Lender’s rights or powers hereunder.

     (c) In furtherance and extension and not in limitation of the specific provisions
hereinabove set forth, any action taken or omitted by the Issuing Lender or any Lender,
under or in connection with any Letter of Credit or the related certificates, if taken or
omitted in the absence of gross negligence or willful misconduct, shall not put such Issuing
Lender or such Lender under any resulting liability to the Credit Parties. It is the
intention of the parties that this Agreement shall be construed and applied to protect and
indemnify the Issuing Lender and each Lender against any and all risks involved in the
issuance of the Letters of Credit, all of which risks are hereby assumed by the Credit
Parties, including, without limitation, any and all risks of the acts or omissions, whether
rightful or wrongful, of any Government Authority. The Issuing Lender and the Lenders shall
not, in any way, be liable for any failure by the Issuing Lender or anyone else to pay any
drawing under any Letter of Credit as a result of any Government Acts or any other cause
beyond the control of the Issuing Lender and the Lenders.

     (d) Nothing in this Section is intended to limit the Reimbursement Obligation of the
Borrower contained in Section 2.3(d) hereof. The obligations of the Credit Parties under
this Section shall survive the termination of this Agreement. No act or omissions of any
current or prior beneficiary of a Letter of Credit shall in any way affect or impair the
rights of the Issuing Lender and the Lenders to enforce any right, power or benefit under
this Agreement.

     (e) Notwithstanding anything to the contrary contained in this Section, the Credit
Parties shall have no obligation to indemnify the Issuing Lender or any Lender in respect of
any liability incurred by the Issuing Lender or such Lender arising out of the gross
negligence or willful misconduct of the Issuing Lender (including action not taken by the
Issuing Lender or such Lender), as determined by a court of competent jurisdiction or
pursuant to arbitration.

     Section 2.18 Illegality.

     Notwithstanding any other provision of this Credit Agreement, if any Change in Law shall make
it unlawful for such Lender or its LIBOR Lending Office to make or maintain LIBO Rate Loans as
contemplated by this Credit Agreement or to obtain in the interbank eurodollar market through its
LIBOR Lending Office the funds with which to make such Loans, (a) such Lender shall promptly notify
the Administrative Agent and the Borrower thereof, (b) the commitment of such Lender hereunder to
make LIBO Rate Loans or continue LIBO Rate Loans as such shall forthwith be suspended until the
Administrative Agent shall give notice that the condition or situation which gave rise to the
suspension shall no longer exist, and (c) such Lender’s Loans then outstanding as LIBO Rate Loans,
if any, shall be converted on the last day of the Interest Period for such Loans or within such
earlier period as required by law as Alternate Base Rate Loans. The Borrower hereby agrees to
promptly pay any Lender, upon its demand, any additional amounts necessary to compensate such
Lender for actual and direct costs (but not including anticipated profits) reasonably incurred by
such Lender in making any repayment in

61

 

accordance with this Section including, but not limited to, any interest or fees payable by
such Lender to lenders of funds obtained by it in order to make or maintain its LIBO Rate Loans
hereunder. A certificate (which certificate shall include a description of the basis for the
computation) as to any additional amounts payable pursuant to this Section submitted by such
Lender, through the Administrative Agent, to the Borrower shall be conclusive in the absence of
manifest error. Each Lender agrees to use reasonable efforts (including reasonable efforts to
change its LIBOR Lending Office) to avoid or to minimize any amounts which may otherwise be payable
pursuant to this Section; provided, however, that such efforts shall not cause the
imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such
Lender in its sole discretion to be material.

	 	 	Section 2.19 Replacement of Lenders.

     If any Lender requests compensation under Section 2.14, 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 2.16, then such Lender shall use reasonable
efforts to designate a different lending office for funding or booking of 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 2.14 or Section 2.16, 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. If (i) any Lender requests compensation under
Section 2.14, (ii) 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 2.16, (iii) any Lender becomes a Defaulting Lender or (iv) any Lender (other than
the Administrative Agent) fails to consent to any proposed amendment, modification,
termination, waiver or consent with respect to any provision hereof or of any other Credit
Document that requires the unanimous approval of a class of Lenders, in each case in
accordance with the terms of Section 9.1, so long as the consent of the Required Lenders
shall have been obtained with respect to such amendment, modification, termination, waiver
or consent, then the Borrower may, at its sole expenses 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 9.6), all of its interests, rights and obligations under this Agreement
and the related Credit 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
(if any) specified in Section 9.6;

     (b) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans and participations in Letters of Credit, accrued

62

 

interest thereon, accrued fees and all other amounts payable to it hereunder
and under the other Credit Documents (including any amounts under Section 2.15) 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);

     (c) in the case of any such assignment resulting from a claim for compensation
under Section 2.14 or payments required to be made pursuant to Section 2.16, such
assignment will result in a reduction in such compensation or payments thereafter;
and

     (d) such assignment does not conflict with applicable law.

     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 2.20 Cash Collateral.

     (a) Cash Collateral. At any time that there shall exist a Defaulting Lender,
within three (3) Business Days upon the request of the Administrative Agent, the Issuing
Lender or any Swingline 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 2.21(b) 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 deposit accounts
with 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 Issuing Lenders and the Lenders (including the
Swingline 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
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 clause (c) below. If
at any time the Administrative Agent, Issuing Lender or Swingline Lender 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, Issuing
Lender or Swingline Lender pay or provide to the Administrative Agent additional Cash
Collateral in an amount sufficient to eliminate such deficiency.

     (c) Application. Notwithstanding anything to the contrary contained in this
Agreement, Cash Collateral provided under any of this Section or Section 2.21 in respect of
Letters of Credit or Swingline Loans, shall be held and applied to the satisfaction of the
specific LOC Obligations, Swingline Loans, obligations to fund participations therein

63

 

(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)), or (ii) the Administrative Agent’s good faith determination
that there exists excess Cash Collateral (which determination shall be confirmed by any
Issuing Lender or Swingline Lender affected by such release of Cash Collateral);
provided, however, that Cash Collateral furnished by or on behalf of a Credit Party
shall not be released during the continuance of a Default (and following application as
provided in this Section may be otherwise applied in accordance with Section 2.11).

     Section 2.21 Defaulting Lenders.

     (a) Adjustments. Notwithstanding anything to the contrary contained in this
Agreement, if any Lender becomes a Defaulting Lender, then, until such time as 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 and Section 9.1.

     (ii) Reallocation of Payments. 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 Article
VII or otherwise) shall be applied at such time or times as may be determined by the
Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a
pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Lender
or Swingline Lender hereunder; third, if so determined by the Administrative Agent
or requested by any Issuing Lender or Swingline Lender, to be held as Cash
Collateral for future funding obligations of such Defaulting Lender in respect of
any participation in any Swingline 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 such Defaulting
Lender to fund Loans under this Agreement; sixth, to the payment of any amounts
owing to the Lenders, the Issuing Lenders or Swingline Lenders as a result of any
judgment of a court of competent jurisdiction obtained by any Lender, the Issuing

64

 

Lenders or Swingline Lenders against that 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
(A) such payment is a payment of the principal amount of any Loans or LOC
Obligations in respect of which such Defaulting Lender has not fully funded its
appropriate share, such payment shall be applied solely to pay the Loans of, and LOC
Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being
applied to the payment of any Loans of, or LOC Obligations owed to, such 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 shall be deemed paid to and redirected
by such Defaulting Lender, and each Lender irrevocably consents hereto.

     (iii) Certain Fees.

     (A) Commitment Fees. (1) No Commitment Fee shall accrue on any
of the Commitments of a Defaulting Lender so long as such Lender shall be a
Defaulting Lender and (2) any Commitment Fee accrued with respect to the
Commitments of a Defaulting Lender during the period prior to the time such
Lender became a Defaulting Lender and unpaid at such time shall not be
payable by the Borrower so long as such Lender shall be a Defaulting Lender.

     (B) Letter of Credit Fees. A Defaulting Lender shall not be
entitled to receive any Letter of Credit Fee for any period during which it
is a Defaulting Lender, except that a Defaulting Lender shall be entitled to
receive a Letter of Credit Fee with respect to each Letter of Credit or
portion thereof for which it has provided Cash Collateral pursuant to
Section 2.20 or Section 2.21(b). With respect to any Letter
of Credit Fee that a Defaulting Lender is not entitled to receive in
accordance with the terms of this Section, such Letter of Credit Fee shall
be paid to the non-Defaulting Lenders to the extent such Defaulting Lender’s
L/C Obligations have been reallocated to the Non-Defaulting Lenders in
accordance with clause (iv) below; provided that if any portion of
such Defaulting Lender’s L/C Obligations have not been reallocated to the
Non-Defaulting Lenders and have not been Cash Collateralized by the
Defaulting Lender (the “Exposed L/C Obligations”), the Letter of
Credit Fees corresponding to the Exposed L/C Obligations (1) shall not be
payable by the Borrower to the extent the Borrower has Cash Collateralized
such Exposed L/C Obligations and (2) shall be payable to

65

 

the Issuing Lender to the extent the Borrower has not Cash
Collateralized such Exposed L/C Obligations.

     (iv) Reallocation of Participations to Reduce Fronting Exposure. All
or any part of such Defaulting Lender’s LOC Obligations and its Swingline Exposure
shall automatically (effective on the day such Lender becomes a Defaulting Lender)
be reallocated among the Non-Defaulting Lenders in accordance with their respective
Applicable Percentages (calculated without regard to such Defaulting Lender’s
Revolving Commitment) but only to the extent that such reallocation does not cause
the aggregate Committed Funded Exposure of any Non-Defaulting Lender to exceed such
Non-Defaulting Lender’s Commitment.

     (v) Cash Collateral. 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 it hereunder or under law, promptly
following notice by the Administrative Agent, Issuing Lender or Swingline Lender,
Cash Collateralize such Defaulting Lender’s LOC Obligations and its Swingline
Exposure (after giving effect to any partial reallocation pursuant to clause (iv)
above) in accordance with the procedures set forth in Section 2.20 for so long as
such LOC Obligations or Swingline Loans are outstanding.

     (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent and each
Swingline Lender and Issuing Lender agree in writing in their sole discretion that a
Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative
Agent will so notify the parties hereto, whereupon as of the effective date specified in
such notice and subject to any conditions set forth therein (which may include arrangements
with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase
that portion of outstanding Loans of the other Lenders or take such other actions as the
Administrative Agent may determine to be necessary to cause the Committed Loans and funded
and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro
rata basis by the Lenders in accordance with their Applicable Percentages (without giving
effect to Section 2.21(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 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) Termination of Impacted Lenders. The Borrower may terminate the unused
amount of the Commitment of any Defaulting Lender that is an Impacted Lender upon not less
than ten Business Days’ prior notice to the Administrative Agent (which shall promptly
notify the Lenders thereof), and in such event the provisions of Section 2.21(a)(ii) will
apply to all amounts thereafter paid by the Borrower for the account of such Impacted Lender
under this Agreement (whether on account of principal, interest,

66

 

fees, indemnity or other amounts), provided that (i) no Event of Default shall
have occurred and be continuing, and (ii) such termination shall not be deemed to be a
waiver or release of any claim the Borrower, the Administrative Agent, the Issuing Bank, the
Swingline Bank or any Lender may have against such Impacted Lender.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

     To induce the Lenders to enter into this Agreement and to make the Extensions of Credit herein
provided for, the Credit Parties hereby represent and warrant to the Administrative Agent and to
each Lender that:

     Section 3.1 Financial Condition.

     The audited Consolidated financial statements of the Borrower and its Subsidiaries for the
fiscal years ended 2008, 2009, and 2010 together with the related Consolidated statements of income
or operations, equity and cash flows for the fiscal years ended on such dates:

(a) were prepared in accordance with GAAP consistently applied throughout the
periods covered thereby, except as otherwise expressly noted therein;

(b) fairly present the financial condition of the Borrower and its Subsidiaries, as
applicable, as of the dates thereof and their results of operations for the periods
covered thereby, except as otherwise expressly noted therein; and

     (c) show all material Indebtedness and other liabilities, direct or contingent, of the
Borrower and its Subsidiaries, as applicable, as of the dates thereof, including liabilities
for material taxes, material commitments and Indebtedness in accordance with GAAP
consistency applied throughout the period covered thereby.

     Section 3.2 No Material Adverse Effect.

     Since September 30, 2010, there has been no development or event which has had or could
reasonably be expected to have a Material Adverse Effect.

     Section 3.3 Corporate Existence; Compliance with Law; Patriot Act Information.

     Each of the Credit Parties (a) is duly organized or formed, validly existing and in good
standing under the Laws of the jurisdiction of its incorporation, organization or formation, (b)
has the requisite power and authority and the legal right to own and operate all its property, to
lease the property it operates as lessee and to conduct the business in which it is currently
engaged, (c) has taken all actions necessary to maintain all rights, privileges, licenses and
franchises necessary or required in the normal conduct of its business, except to the extent the
same could not reasonably be expected to have a Material Adverse Effect, (d) is duly qualified to

67

 

conduct business and in good standing under the Laws of (i) the jurisdiction of its
organization or formation, (ii) the jurisdiction where its chief executive office is located and
(iii) each other jurisdiction where its ownership, lease or operation of property or the conduct of
its business requires such qualification except to the extent that the failure to so qualify or be
in good standing in any such other jurisdiction could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect and (e) is in compliance with all
Requirements of Law (including, without limitation, (i) all federal and state registrations
required by anti-money laundering Laws, (ii) the provisions of the Texas Pawnshop Act (Chapter 371
of the Texas Finance Code), (iii) the provisions of the Brady Act and (iv) the consumer loan
provisions of the Texas Finance Code), organizational documents, government permits and government
licenses except to the extent such non-compliance could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.

     Section 3.4 Corporate Power; Authorization; Enforceable Obligations.

     Each of the Credit Parties has all requisite power and authority and the legal right to
execute, deliver and perform the Credit Documents to which it is party and has taken all necessary
limited liability company, partnership or corporate action to authorize the execution, delivery and
performance by it of the Credit Documents to which it is party. Each Credit Document to which it
is a party has been duly executed and delivered on behalf of each Credit Party. Each Credit
Document to which it is a party constitutes a legal, valid and binding obligation of each Credit
Party, enforceable against such Credit Party in accordance with its terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law).

     Section 3.5 No Legal Bar; No Default.

     The execution, delivery and performance by each Credit Party of the Credit Documents to which
such Credit Party is a party, the borrowings thereunder and the use of the proceeds of the Loans
(a) will not violate any Requirement of Law or any Material Contract (except those as to which
waivers or consents have been obtained), (b) will not conflict with, result in a breach of or
constitute a default under the articles of incorporation, bylaws, articles of organization,
operating agreement or other organization documents of such Credit Party or any Material Contract
or any material approval or material consent from any Governmental Authority relating to such
Person, and (c) will not result in, or require, the creation or imposition of any Lien on any
Credit Party’s properties or revenues pursuant to any Requirement of Law or Material Contract other
than the Liens arising under or contemplated in connection with the Credit Documents or Permitted
Liens. No Credit Party is in default under or with respect to any of its Contractual Obligations
which could reasonably be expected to have a Material Adverse Effect. No Default or Event of
Default has occurred and is continuing.

68

 

     Section 3.6 No Material Litigation.

     No litigation, investigation, claim, criminal prosecution, civil investigative demand,
imposition of criminal or civil fines and penalties, or any other proceeding of or before any
arbitrator or Governmental Authority is pending or, to the best knowledge of the Credit Parties,
threatened by or against any Credit Party or any of its Subsidiaries or against any of its or their
respective properties or revenues (a) with respect to the Credit Documents or any Extension of
Credit or any of the Transactions, or (b) which could reasonably be expected to have a Material
Adverse Effect. No permanent injunction, temporary restraining order or similar decree has been
issued against any Credit Party or any of its Subsidiaries which could reasonably be expected to
have a Material Adverse Effect.

     Section 3.7 Investment Company Act; etc.

     No Credit Party is an “investment company”, or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as amended. No Credit Party is
subject to regulation under the Federal Power Act, the Interstate Commerce Act, the Public Utility
Holding Company Act of 2005.

     Section 3.8 Margin Regulations.

     No part of the proceeds of any Extension of Credit hereunder will be used directly or
indirectly for any purpose that violates, or that would require any Lender to make any filings in
accordance with, the provisions of Regulation T, U or X of the Board of Governors of the Federal
Reserve System as now and from time to time hereafter in effect. The Credit Parties and their
Subsidiaries (a) are not engaged, principally or as one of their important activities, in the
business of extending credit for the purpose of “purchasing” or “carrying” “margin stock” within
the respective meanings of each of such terms under Regulation U and (b) taken as a group do not
own “margin stock” except as identified in the financial statements referred to in Section 3.1 or
delivered pursuant to Section 5.1 and the aggregate value of all “margin stock” owned by the Credit
Parties and their Subsidiaries taken as a group does not exceed 25% of the value of their assets.

     Section 3.9 ERISA.

     No Reportable Event exists with respect to any Plan, and each Plan has complied in all
material respects with the applicable provisions of ERISA and the Code except, in each case, as
could not reasonably be expected to have a Material Adverse Effect. No termination of a Single
Employer Plan has occurred resulting in any liability that has remained underfunded, and no Lien in
favor of the PBGC or a Plan has arisen that in either case could reasonably be expected to have a
Material Adverse Effect. The present value of all accrued benefits under each Single Employer Plan
(based on those assumptions used to fund such Plans) did not, as of the last annual valuation date
prior to the date on which this representation is made or deemed made, exceed the value of the
assets of such Plan allocable to such accrued benefits so as to cause a Material Adverse Effect.
Neither any Credit Party nor any Commonly Controlled Entity is

69

 

currently subject to any liability for a complete or partial withdrawal from a Multiemployer
Plan which could reasonably be expected to have a Material Adverse Effect.

     Section 3.10 Environmental Matters.

     Except as could not reasonably be expected, individually or in the aggregate, to have a
Material Adverse Effect:

     (a) The facilities and properties owned, leased or operated by the Credit Parties or
any of their Subsidiaries (the “Properties”) do not contain any Materials of
Environmental Concern in amounts or concentrations which (i) constitute a violation of, or
(ii) could give rise to liability on behalf of any Credit Party under, any Environmental
Law.

     (b) The Properties and all operations of the Credit Parties and/or their Subsidiaries
at the Properties are in compliance, and have in the last five years been in compliance,
with all applicable Environmental Laws, and there is no contamination at, under or about the
Properties or violation of any Environmental Law with respect to the Properties or the
business operated by the Credit Parties or any of their Subsidiaries (the
“Business”).

     (c) Neither the Credit Parties nor their Subsidiaries have received any written or
actual notice of violation, alleged violation, non-compliance, liability or potential
liability on behalf of any Credit Party with respect to environmental matters or
Environmental Laws regarding any of the Properties or the Business, nor do the Credit
Parties or their Subsidiaries have knowledge or reason to believe that any such notice will
be received or is being threatened.

     (d) Materials of Environmental Concern have not been transported or disposed of from
the Properties in violation of, or in a manner or to a location that could give rise to
liability on behalf of any Credit Party under any Environmental Law, and no Materials of
Environmental Concern have been generated, treated, stored or disposed of at, on or under
any of the Properties in violation of, or in a manner that could give rise to liability on
behalf of any Credit Party under, any applicable Environmental Law.

     (e) No judicial proceeding or governmental or administrative action is pending or, to
the knowledge of the Credit Parties and their Subsidiaries, threatened, under any
Environmental Law to which any Credit Party or any Subsidiary is or will be named as a party
with respect to the Properties or the Business, nor are there any consent decrees or other
decrees, consent orders, administrative orders or other orders, or other administrative or
judicial requirements outstanding under any Environmental Law with respect to the Properties
or the Business.

     (f) There has been no release or threat of release of Materials of Environmental
Concern at or from the Properties, or arising from or related to the operations of any
Credit Party or any Subsidiary in connection with the Properties or

70

 

otherwise in connection with the Business, in violation of or in amounts or in a manner
that could give rise to liability on behalf of any Credit Party under Environmental Laws.

     Section 3.11 Use of Proceeds.

     The proceeds of the Extensions of Credit shall be used by the Borrower solely (a) to refinance
certain existing Indebtedness of the Credit Parties and their Subsidiaries, (b) to pay any costs,
fees and expenses associated with this Agreement on the Closing Date and (c) for working capital
and other general corporate purposes of the Credit Parties and their Subsidiaries including
Permitted Investments.

     Section 3.12 Subsidiaries; Joint Ventures; Partnerships.

     The outstanding Equity Interests of all Restricted Subsidiaries are validly issued, fully paid
and non-assessable and are owned free and clear of all Liens (other than Permitted Liens). There
are no outstanding subscriptions, options, warrants, calls, rights or other agreements or
commitments (other than stock options and restricted stock awards granted to employees or directors
and directors’ qualifying shares) of any nature relating to any Equity Interests of any Credit
Party.

     Section 3.13 Ownership.

     Each of the Credit Parties and its Restricted Subsidiaries has good record and marketable
title to or a valid leasehold interest in, all of its respective assets, except for such defects in
title or other interest as could not reasonably be expected to have a Material Adverse Effect. As
of the Closing Date, after giving effect to the Transactions, the Property of each Credit Party and
its Restricted Subsidiaries will be subject to no Liens other than Permitted Liens.

     Section 3.14 Consent; Governmental Authorizations.

     No approval, consent or authorization of, filing with, notice to or other act by or in respect
of, any Governmental Authority or any other Person is required in connection with acceptance of
Extensions of Credit by the Borrower or the making of the Guaranty hereunder or with the execution,
delivery or performance of any Credit Document by the Credit Parties (other than those which have
been obtained) or with the validity or enforceability of any Credit Document against the Credit
Parties (except such filings as are necessary in connection with the perfection of the Liens
created by such Credit Documents).

     Section 3.15 Taxes.

     Each of the Credit Parties and its Subsidiaries has filed, or caused to be filed, all income
tax returns and all other material tax returns (federal, state, local and foreign) required to be
filed and paid (a) all material amounts of taxes shown thereon to be due (including interest and
penalties) and (b) all other material taxes, fees, assessments and other governmental charges
(including mortgage recording taxes, documentary stamp taxes and intangibles taxes) owing by it,
except for such taxes (i) that are not yet delinquent, (ii) that are being contested in good faith

71

 

and by proper proceedings, and against which adequate reserves are being maintained in
accordance with GAAP or (iii) with respect to Foreign Subsidiaries only, as could not reasonably be
expected to have a Material Adverse Effect. None of the Credit Parties or their Restricted
Subsidiaries is aware as of the Closing Date of any material proposed tax assessments against it or
any of its Subsidiaries.

     Section 3.16 Collateral Representations.

     As of the Closing Date, the Perfection Certificate sets forth all patents, trademarks and
copyrights owned by each Credit Party, Instruments (as defined in the UCC) held by any Credit Party
with a value in excess of $1,000,000, Commercial Tort Claims (as defined in the UCC) of any Credit
Party with a value in excess of $1,000,000, the issued and outstanding equity interests in each
Subsidiary owned directly by any Credit Party together with any other material equity interest
owned by any Credit Party in any other Person, a list of real property owned by each Credit Party
and the location where inventory or equipment in excess of $1,000,000 is located.

     Section 3.17 Solvency.

     The Credit Parties and their Subsidiaries are, on a Consolidated basis, Solvent.

     Section 3.18 Compliance with FCPA.

     Each of the Credit Parties and, to the knowledge of any Responsible Officer of any Credit
Party, their Subsidiaries is in compliance in all material respects with the Foreign Corrupt
Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto.

     Section 3.19 No Burdensome Restrictions.

     None of the Credit Parties or their Restricted Subsidiaries is a party to any agreement or
instrument or subject to any other obligation or any charter or corporate restriction or any
provision of any applicable law, rule or regulation which, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect.

     Section 3.20 Brokers’ Fees.

     Except for those which, individually or in the aggregate, could not reasonably be expected to
have a Material Adverse Effect, none of the Credit Parties or their Restricted Subsidiaries has any
obligation to any Person in respect of any finder’s, broker’s, investment banking or other similar
fee in connection with any of the Transactions other than the closing and other fees payable
pursuant to this Agreement and as set forth in the Fee Letter.

     Section 3.21 Labor Matters.

     There are no collective bargaining agreements or Multiemployer Plans covering the employees of
the Credit Parties or any of their Restricted Subsidiaries as of the Closing Date and none of the
Credit Parties or their Restricted Subsidiaries has knowledge of any potential or

72

 

pending strike, walkout or work stoppage which, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect. No unfair labor practice complaint is
pending against any Credit Party or any of its Subsidiaries which, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect. There are no strikes,
walkouts, work stoppages or other material labor difficulty pending or threatened against any
Credit Party which, individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect.

     Section 3.22 Accuracy and Completeness of Information.

     No statement, information, report, representation, or warranty made by any Credit Party in any
Credit Document or furnished to the Administrative Agent or any Lender by or on behalf of any
Credit Party in connection with any Credit Document contains any untrue statement of a material
fact or omits any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made and at the time at which they
were made and taken as a whole, not misleading.

     Section 3.23 Material Contracts.

     Schedule 3.23 sets forth a complete and accurate list of all Material Contracts of the
Credit Parties and their Subsidiaries in effect as of the Closing Date.

     Section 3.24 Insurance.

     The properties of the Credit Parties and their Restricted Subsidiaries are insured with
insurance carriers of at least the same A.M. Best Company rating as the carriers of the Credit
Parties’ insurance on the Closing Date or with a rating by the A.M. Best Company reasonably
acceptable to the Administrative Agent, not Affiliates of the Credit Parties, in such amounts
(after giving effect to any self-insurance compatible with the following standards), with such
deductibles and covering such risks as are customarily carried by companies of similar financial
condition and strength engaged in similar businesses and owning similar properties in localities
where the Credit Parties or their Restricted Subsidiaries operate.

     Section 3.25 Security Documents.

     The Security Documents create valid and enforceable security interests in, and Liens on, the
Collateral purported to be covered thereby.

     Section 3.26 Subordinated Debt.

     The subordination provisions set forth in each agreement evidencing Subordinated Debt are
legally valid and enforceable against the parties thereto.

73

 

     Section 3.27 Anti-Terrorism Laws.

     Neither any Credit Party nor, to the knowledge of any Responsible Officer of any Credit Party,
any of its Subsidiaries 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 of America (50 U.S.C. App. §§ 1 et seq.) (the
“Trading with the Enemy Act”), as amended. Neither any Credit Party nor, to the knowledge
of any Responsible Officer of any Credit Party, any of its Subsidiaries is in violation in any
material respect of (a) the Trading with the Enemy Act, as amended, (b) any of the foreign assets
control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as
amended) or any enabling legislation or executive order relating thereto or (c) the Patriot Act.
None of the Credit Parties (i) is a blocked person described in Section 1 of the Anti-Terrorism
Order or (ii) to the best of its knowledge, engages in any dealings or transactions, or is
otherwise associated, with any such blocked person.

     Section 3.28 Compliance with OFAC Rules and Regulations.

     (a) None of the Credit Parties or, to the knowledge of any Responsible Officer of any
Credit Party, their Subsidiaries or their respective Affiliates is in violation of and shall
not violate, in each case in any material respect, any of the country or list based economic
and trade sanctions administered and enforced by OFAC that are described or referenced at
http://www.ustreas.gov/offices/enforcement/ofac/ or as otherwise published from time to
time.

     (b) None of the Credit Parties or, to the knowledge of any Responsible Officer of any
Credit Party, their Subsidiaries or their respective Affiliates (i) is a Sanctioned Person
or a Sanctioned Entity, (ii) has a more than 10% of its assets located in Sanctioned
Entities, or (iii) derives more than 10% of its operating income from investments in, or
transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any Loan will
be used nor have any been used to fund any operations in, finance any investments or
activities in or make any payments to, a Sanctioned Person or a Sanctioned Entity.

ARTICLE IV

CONDITIONS PRECEDENT

     Section 4.1 Conditions to Closing Date.

     This Agreement shall become effective upon, and the obligation of each Lender to make the
initial Extensions of Credit on the Closing Date is subject to, the satisfaction of the following
conditions precedent:

     (a) Execution of Credit Agreement; Credit Documents. The Administrative Agent
shall have received (i) counterparts of this Agreement, executed by a duly authorized
officer of each party hereto, (ii) for the account of each Revolving Lender requesting a
promissory note, a duly executed Revolving Loan Note, (iii) for the account

74

 

of the Swingline Lender requesting a promissory note, the Swingline Loan Note, (iv)
counterparts of the Security Agreement and the Pledge Agreement, in each case executed by
duly authorized officers of the Credit Parties or other Person, as applicable, and (v)
counterparts of any other Credit Document, executed by the duly authorized officers of the
parties thereto.

     (b) Authority Documents. The Administrative Agent shall have received the
following:

     (i) Articles of Incorporation/Charter Documents. Original certified
articles of incorporation or other charter documents, as applicable, of each Credit
Party certified (A) by an officer of such Credit Party (pursuant to an officer’s
certificate in substantially the form of Exhibit 4.1(b) attached hereto) as
of the Closing Date to be true and correct and in force and effect as of such date,
and (B) to be true and complete as of a recent date by the appropriate Governmental
Authority of the state of its incorporation or organization, as applicable.

     (ii) Resolutions. Copies of resolutions of the board of directors or
comparable managing body of each Credit Party approving and adopting the Credit
Documents, the Transactions and authorizing execution and delivery thereof,
certified by an officer of such Credit Party (pursuant to an officer’s certificate
in substantially the form of Exhibit 4.1(b) attached hereto) as of the
Closing Date to be true and correct and in force and effect as of such date.

     (iii) Bylaws/Operating Agreement. A copy of the bylaws or comparable
operating agreement of each Credit Party certified by an officer of such Credit
Party (pursuant to an officer’s certificate in substantially the form of Exhibit
4.1(b) attached hereto) as of the Closing Date to be true and correct and in
force and effect as of such date.

     (iv) Good Standing. Original certificates of good standing, existence
or its equivalent with respect to each Credit Party certified as of a recent date by
the appropriate Governmental Authorities of the state of incorporation or
organization and each other state in which the failure to so qualify and be in good
standing could reasonably be expected to have a Material Adverse Effect.

     (v) Incumbency. An incumbency certificate of each Authorized Officer
of each Credit Party certified by an officer (pursuant to an officer’s certificate
in substantially the form of Exhibit 4.1(b) attached hereto) to be true and
correct as of the Closing Date.

     (c) Legal Opinion of Counsel. The Administrative Agent shall have received an
opinion or opinions (including, if requested by the Administrative Agent, local counsel
opinions) of counsel for the Credit Parties (which, with respect to customary corporate
opinions relating to the Guarantors, may be prepared by the Borrower’s in-house counsel),
dated the Closing Date and addressed to the Administrative Agent and the

75

 

Lenders, in form and substance acceptable to the Administrative Agent (which shall
include, without limitation, opinions with respect to the due organization and valid
existence of each Credit Party, opinions as to perfection of the Liens granted to the
Administrative Agent pursuant to the Security Documents and opinions as to the
non-contravention of the Credit Parties’ organizational documents).

     (d) Personal Property Collateral. The Administrative Agent shall have
received, in form and substance satisfactory to the Administrative Agent:

     (i) (A) searches of UCC filings in the jurisdiction of incorporation or
formation, as applicable, of each Credit Party or where a filing would need to be
made in order to perfect the Administrative Agent’s security interest in the
Collateral, copies of the financing statements on file in such jurisdictions and
evidence that no Liens exist other than Permitted Liens and (B) tax lien and
judgment searches;

     (ii) searches of ownership of Intellectual Property in the appropriate
governmental offices and such patent/trademark/copyright filings as requested by the
Administrative Agent in order to perfect the Administrative Agent’s security
interest in the Intellectual Property;

     (iii) completed UCC financing statements for each appropriate jurisdiction as
is necessary, in the Administrative Agent’s sole discretion, to perfect the
Administrative Agent’s security interest in the Collateral;

     (iv) stock or membership certificates, if any, evidencing the certificated
Equity Interests pledged to the Administrative Agent pursuant to the Pledge
Agreement and undated stock or transfer powers duly executed in blank;

     (v) to the extent required to be delivered pursuant to the terms of the
Security Documents, all instruments, documents and chattel paper in the possession
of any of the Credit Parties, together with allonges or assignments as may be
necessary or appropriate to perfect the Administrative Agent’s and the Lenders’
security interest in the Collateral (excluding all instruments, documents and
chattel paper received in the ordinary course of the business of the Borrower and
its Subsidiaries).

     (e) Insurance. The Administrative Agent shall have received copies of
insurance policies or certificates and endorsements of insurance evidencing liability,
casualty, and property insurance meeting the requirements set forth herein or in the
Security Documents. The Administrative Agent shall be named (i) as lenders’ loss payee, as
its interest may appear, with respect to any such insurance providing coverage in respect of
any Collateral and (ii) as additional insured, as its interest may appear, with respect to
any such insurance providing liability coverage, and the Credit Parties will use their
commercially reasonable efforts to have each provider of any such insurance agree, by
endorsement upon the policy or policies issued by it or by independent instruments to

76

 

be furnished to the Administrative Agent, that it will give the Administrative Agent
thirty (30) days prior written notice before any such policy or policies shall be altered or
cancelled.

     (f) Solvency Certificate. The Administrative Agent shall have received an
officer’s certificate prepared by the chief financial officer or other Authorized Officer
approved by the Administrative Agent of the Borrower as to the Solvency of the Credit
Parties and their Subsidiaries taken as a whole, after giving effect to the Transactions and
the initial borrowings under the Credit Documents, in substantially the form of Exhibit
4.1(f) hereto.

     (g) Account Designation Notice. The Administrative Agent shall have received
the executed Account Designation Notice in the form of Exhibit 1.1(a) hereto.

     (h) Notice of Borrowing. The Administrative Agent shall have received a Notice
of Borrowing with respect to the Loans to be made on the Closing Date.

     (i) Consents. The Administrative Agent shall have received evidence that all
boards of directors, governmental, shareholder and material third party consents and
approvals necessary in connection with the Transactions have been obtained and all
applicable waiting periods have expired without any action being taken by any authority that
could restrain, prevent or impose any material adverse conditions on such transactions or
that could seek or threaten any of the foregoing.

     (j) Compliance with Laws. The financings and other Transactions contemplated
hereby shall be in compliance with all applicable Laws.

     (k) Bankruptcy. There shall be no bankruptcy or insolvency proceedings pending
with respect to any Credit Party or any Subsidiary thereof.

     (l) Existing Indebtedness of the Credit Parties. All of the existing
Indebtedness for borrowed money of the Credit Parties and their Subsidiaries (other than
Indebtedness permitted to exist pursuant to Section 6.1) shall be repaid in full and all
security interests related thereto shall be terminated on or prior to the Closing Date.

     (m) Financial Statements. The Administrative Agent and the Lenders shall have
received copies of (i) the financial statements referred to in Section 3.1(a) and (ii)
projections prepared by management of balance sheets, income statements and cash flow
statements of the Borrower and its Subsidiaries, which will be quarterly for the first year
after the Closing Date and annually thereafter for the term of the Revolving Credit Facility
(and which will not be inconsistent with information provided to the Lead Arrangers prior to
the delivery of the Commitment Letter), each in form and substance satisfactory to each of
them (it being understood that the projections previously delivered to the Administrative
Agent and the Lenders are satisfactory).

77

 

     (n) No Material Adverse Change. Since September 30, 2010 and as of the Closing
Date, there shall have been no material adverse change in the business, properties,
prospects, operations or condition (financial or otherwise) of the Credit Parties and their
Subsidiaries taken as a whole.

     (o) Financial Condition Certificate. The Administrative Agent shall have
received a certificate or certificates executed by an Authorized Officer of the Borrower as
of the Closing Date, substantially in the form of Exhibit 4.1(o) stating that (i)
there does not exist any pending or ongoing, action, suit, investigation, litigation or
proceeding in any court or before any other Governmental Authority (A) affecting this
Agreement or the other Credit Documents, that has not been settled, dismissed, vacated,
discharged or terminated prior to the Closing Date or (B) that purports to affect any Credit
Party or any of its Subsidiaries, or any Transaction, which action, suit, investigation,
litigation or proceeding could reasonably be expected to have a Material Adverse Effect,
that has not been settled, dismissed, vacated, discharged or terminated prior to the Closing
Date, (ii) immediately after giving effect to this Agreement, the other Credit Documents,
and all the Transactions contemplated to occur on such date, (A) no Default or Event of
Default exists and (B) all representations and warranties contained herein and in the other
Credit Documents are true and correct and (iii) each of the other conditions precedent in
Section 4.1 have been satisfied, except to the extent the satisfaction of any such condition
is subject to the judgment or discretion of the Administrative Agent or any Lender.

     (p) Structure. The pro forma capital, ownership and management structure and
shareholding arrangement of the Credit Parties and their Subsidiaries (and all agreements
relating thereto) shall be reasonably satisfactory to the Administrative Agent.

     (q) Patriot Act. The Credit Parties and their Subsidiaries will have provided
the documentation and other information to the Lenders that is required by regulatory
authorities under applicable “know your customer” and anti-money-laundering rules and
regulations, including, without limitation, the Patriot Act.

     (r) Fees and Expenses. The Administrative Agent and the Lenders shall have
received all fees and expenses, if any, owing pursuant to the Fee Letter and Section 2.5.

     (s) Additional Matters. All other documents and legal matters in connection
with the Transactions shall be reasonably satisfactory in form and substance to the
Administrative Agent and its counsel.

     Without limiting the generality of the provisions of Section 8.4, for purposes of determining
compliance with the conditions specified in this Section 4.1, each Lender that has signed this
Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to a Lender unless the Administrative Agent shall have received notice from such
Lender prior to the proposed Closing Date specifying its objection thereto.

78

 

     Section 4.2 Conditions to All Extensions of Credit.

     The obligation of each Lender to make any Extension of Credit hereunder is subject to the
satisfaction of the following conditions precedent on the date of making such Extension of Credit:

     (a) Representations and Warranties. The representations and warranties made by
the Credit Parties herein, in the other Credit Documents and which are contained in any
certificate furnished at any time under or in connection herewith shall (i) with respect to
representations and warranties that contain a materiality qualification, be true and correct
and (ii) with respect to representations and warranties that do not contain a materiality
qualification, be true and correct in all material respects, in each case on and as of the
date of such Extension of Credit as if made on and as of such date except for any
representation or warranty made as of an earlier date, which representation and warranty
shall remain true and correct as of such earlier date.

     (b) No Default or Event of Default. No Default or Event of Default shall have
occurred and be continuing on such date or after giving effect to the Extension of Credit to
be made on such date unless such Default or Event of Default shall have been waived in
accordance with this Agreement.

     (c) Compliance with Commitments. Immediately after giving effect to the making
of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum
of the aggregate principal amount of outstanding Revolving Loans plus outstanding
Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving
Committed Amount then in effect, (ii) the outstanding LOC Obligations shall not exceed the
LOC Committed Amount, and (iii) the outstanding Swingline Loans shall not exceed the
Swingline Committed Amount.

     (d) Additional Conditions to Revolving Loans. If a Revolving Loan is
requested, all conditions set forth in Section 2.1 shall have been satisfied.

     (e) Additional Conditions to Letters of Credit. If the issuance of a Letter of
Credit is requested, (i) all conditions set forth in Section 2.3 shall have been satisfied
and (ii) there shall exist no Lender that is a Defaulting Lender unless the Issuing Lender
has entered into satisfactory arrangements with the Borrower or such Defaulting Lender to
eliminate the Issuing Lender’s risk with respect to such Defaulting Lender’s LOC
Obligations.

     (f) Additional Conditions to Swingline Loans. If a Swingline Loan is
requested, (i) all conditions set forth in Section 2.4 shall have been satisfied and (ii)
there shall exist no Lender that is a Defaulting Lender unless the Swingline Lender has
entered into satisfactory arrangements with the Borrower or such Defaulting Lender to
eliminate the Swingline Lender’s risk with respect to such Defaulting Lender’s in respect of
its Swingline Commitment.

79

 

     (g) Incremental Facility. If an Incremental Facility is requested, all
conditions set forth in Section 2.2 shall have been satisfied.

     Each request for an Extension of Credit and each acceptance by the Borrower of any such
Extension of Credit shall be deemed to constitute representations and warranties by the Credit
Parties as of the date of such Extension of Credit that the conditions set forth above in
paragraphs (a) through (g), as applicable, have been satisfied.

ARTICLE V

AFFIRMATIVE COVENANTS

     Each of the Credit Parties hereby covenants and agrees that on the Closing Date, and
thereafter (a) for so long as this Agreement is in effect, (b) until the Commitments have
terminated, and (c) the Credit Party Obligations and all other amounts owing to the Administrative
Agent or any Lender hereunder are paid in full in cash, such Credit Party shall, and shall cause
each of their Restricted Subsidiaries, to:

     Section 5.1 Financial Statements.

     Furnish to the Administrative Agent for distribution to each of the Lenders:

     (a) Annual Financial Statements. As soon as available and in any event no
later than the earlier of (i) to the extent applicable, the date the Borrower is required by
the SEC to deliver its Form 10-K for each fiscal year of the Borrower and (ii) ninety (90)
days after the end of each fiscal year of the Borrower, a copy of the Consolidated balance
sheet of the Borrower and its Consolidated Subsidiaries as of the end of such fiscal year
and the related Consolidated statements of income and retained earnings and of cash flows of
the Borrower and its Consolidated Subsidiaries for such year, which shall be audited by BDO
USA, LLP or another firm of independent certified public accountants of nationally
recognized standing reasonably acceptable to the Administrative Agent, setting forth in each
case in comparative form the figures for the previous year, reported on without a “going
concern” or like qualification or exception, or qualification indicating that the scope of
the audit was inadequate to permit such independent certified public accountants to certify
such financial statements without such qualification;

     (b) Quarterly Financial Statements. As soon as available and in any event no
later than the earlier of (i) to the extent applicable, the date the Borrower is required by
the SEC to deliver its Form 10-Q for any fiscal quarter of the Borrower and (ii) forty-five
(45) days after the end of each of the first three (3) fiscal quarters of the Borrower, a
copy of the Consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as
of the end of such period and related Consolidated statements of income and of cash flows
for the Borrower and its Consolidated Subsidiaries for such quarterly period; and

80

 

     (c) Annual Operating Budget and Cash Flow. As soon as available, but in any
event not later than the earlier of (i) ninety (90) days after the end of each fiscal year
and (ii) approval by the Board of Directors of the Borrower, projected annual Consolidated
balance sheets and statements of income of the Borrower and its Consolidated Subsidiaries
for the immediately succeeding fiscal year;

all annual and quarterly financial statements to be delivered pursuant to Section 5.1(a) and (b)
shall be complete and correct in all material respects (subject, in the case of interim statements,
to normal recurring year-end audit adjustments) and prepared in accordance with GAAP applied
consistently throughout the periods reflected therein and further accompanied by a description of,
and an estimation of the effect on the financial statements on account of, a change, if any, in
GAAP as provided in Section 1.3(b).

     Notwithstanding the foregoing, the documents required to be delivered pursuant to the
foregoing provisions of this Section may be delivered electronically and if so, shall be deemed to
have been delivered on the date on which the Administrative Agent receives such reports from the
Borrower through electronic mail; provided that, upon the Administrative Agent’s request,
the Borrower shall provide paper copies of any documents required hereby to the Administrative
Agent.

     Section 5.2 Certificates; Other Information.

     Furnish to the Administrative Agent for distribution to each of the Lenders:

     (a) Officer’s Certificate. Concurrently with the delivery of the financial
statements referred to in Sections 5.1(a) and 5.1(b) above, a certificate of an Authorized
Officer substantially in the form of Exhibit 5.2(a) stating that (i) such financial
statements present fairly the financial condition, results of operating and cash flows of
the Borrower and its Consolidated Subsidiaries for the periods indicated in conformity with
GAAP and (ii) such Authorized Officer has obtained no knowledge of any Default or Event of
Default except as specified in such certificate and such certificate shall include the
calculations in reasonable detail required to indicate compliance with Section 5.9 as of the
last day of such period.

     (b) Foreign Subsidiary Financial Statements. Concurrently with the delivery of
the financial statements referred to in Sections 5.1(a) and 5.1(b) above, the income
statement and balance sheet of each Foreign Subsidiary.

     (c) Reports; SEC Filings; Regulatory Reports; Press Releases; Etc. Promptly
upon their becoming available, (i) copies of each annual report, proxy or financial
statement sent to the stockholders of the Borrower, (ii) copies of all annual and quarterly
reports, earnings reports, registration statements and prospectuses, if any, which the
Borrower may file with the SEC under Section 13 or 15(d) of the Exchange Act and (iii) all
regulatory reports specifically concerning the Credit Parties and their Restricted
Subsidiaries which could reasonably be expected to result in material monetary liability or
result in a significant business impact on the Credit Parties taken as a whole;
provided

81

 

that in each case, delivery of the items required by this Section 5.2(c) may be
submitted electronically.

     (d) Management Letters; Etc. Promptly upon receipt thereof, copies of any
detailed audit reports or management letters submitted to the board of directors (or the
audit committee of the board of directors) of any Credit Party or any of their Restricted
Subsidiaries in connection with any annual, interim or special audit of the books of such
Person.

     (e) Changes in Corporate Structure. Promptly, but in any event prior to, any
merger, consolidation, dissolution or other material change in corporate structure of any
Credit Party or any of its Restricted Subsidiaries permitted pursuant to the terms hereof,
provide notice of such change in corporate structure to the Administrative Agent.

     (f) CSO Agreements. Promptly, and in any event within thirty (30) days after
the execution and delivery thereof, copies of each credit services organization and lender
agreement or other similar agreement between any Credit Party and an unaffiliated,
third-party lender in connection with any credit services organization program implemented
by such Credit Party and, at the request of the Administrative Agent, copies of any other
agreements related thereto.

     (g) General Information. Promptly, such additional financial and other
information concerning the business or corporate affairs of the Credit Parties and their
Restricted Subsidiaries as the Administrative Agent, on behalf of any Lender, may from time
to time reasonably request.

     Section 5.3 Payment of Taxes and Other Obligations.

     The Credit Parties shall, and shall cause each of their Subsidiaries to, pay and discharge, as
the same shall become due and payable, all its material obligations and liabilities, including (a)
all its material tax liabilities, assessments and governmental charges or levies upon it or its
properties or assets; (b) all its material lawful claims which, if unpaid, would by law become a
Lien upon its Property; (c) all its material Indebtedness, as and when due and payable, but subject
to any subordination provisions contained in any instrument or agreement evidencing such
Indebtedness and (d) in the case of the Foreign Subsidiaries only, all of their material taxes,
material lawful claims and material Indebtedness except to the extent the failure to do so could
not reasonably be expected to have a Material Adverse Effect; provided, however,
that the Credit Parties and each Subsidiary shall not be required to pay any such amount if and so
long as the amount, applicability or validity thereof shall currently be contested in good faith by
appropriate proceedings and appropriate accruals and reserves therefor have been established in
accordance with GAAP.

     Section 5.4 Conduct of Business; Maintenance of Existence; Consents.

     Except as expressly permitted under Section 6.4, (a) continue to engage in business of the
same general type as now conducted by it on the Closing Date and other businesses related

82

 

thereto or reasonable extensions thereof; provided that the Credit Parties and their
Restricted Subsidiaries may terminate some or all of their consumer financing and general consumer
financial services provided that such termination could not reasonably be expected to have a
Material Adverse Effect, (b) preserve, renew and keep in full force and effect its legal existence
and good standing under the laws of its jurisdiction of organization, (c) take all reasonable
action to maintain all licenses, approvals, notifications, registrations, permits, rights,
privileges and franchises necessary or desirable in the normal conduct of its business and comply
with all material Contractual Obligations and Requirements of Law, except where the failure to do
so could not reasonably be expected to have a Material Adverse Effect.

     Section 5.5 Maintenance of Property; Insurance.

     (a) Except where the failure to do so could not reasonably be expected to have a
Material Adverse Effect, maintain all material property necessary in the operation of its
business in good working order and condition (ordinary wear and tear and obsolescence
excepted).

     (b) Maintain with financially sound and reputable insurance companies liability,
casualty and property insurance (including, without limitation, insurance with respect to
its tangible Collateral) in at least such amounts and against at least such risks as are
usually insured against in the same general area by companies of similar financial condition
and strength; and furnish to the Administrative Agent, upon the request of the
Administrative Agent, full information as to the insurance carried. The Administrative
Agent shall be named as lenders’ loss payee, as its interest may appear with respect to any
property insurance, and as additional insured, as its interest may appear, with respect to
any such liability insurance, and the Borrower shall use commercially reasonable efforts to
have each provider of any such insurance agree, by endorsement upon the policy or policies
issued by it or by independent instruments to be furnished to the Administrative Agent, that
it will endeavor to give the Administrative Agent thirty (30) days prior written notice
before any such policy or policies shall be altered or canceled.

     (c) In case of any material loss, damage to or destruction of the Collateral of any
Credit Party or any part thereof, such Credit Party shall promptly give written notice
thereof to the Administrative Agent generally describing the nature and extent of such
damage or destruction.

     Section 5.6 Maintenance of Books and Records.

     Keep proper books, records and accounts in reasonable detail that accurately and fairly
reflect its transactions and dispositions of its assets and permit preparation of financial
statements in accordance with GAAP.

     Section 5.7 Notices.

     Give notice in writing to the Administrative Agent (which shall promptly transmit such notice
to each Lender):

83

 

     (a) promptly, but in any event within two (2) Business Days after any Authorized
Officer of a Credit Party knows thereof, the occurrence of any Default or Event of Default;

     (b) promptly, any default or event of default by a Credit Party under any Contractual
Obligation of (i) any Credit Party or any of its Restricted Subsidiaries which, individually
or in the aggregate, could reasonably be expected to have a Material Adverse Effect or
involve a monetary claim in excess of $25,000,000 and (ii) any Foreign Subsidiary which,
individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect;

     (c) promptly, any litigation, or any investigation or proceeding known or threatened in
writing to any Credit Party (i) (A) affecting any Credit Party, any of its Restricted
Subsidiaries which, individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect or involve a monetary claim in excess of $25,000,000, or (B)
affecting any Foreign Subsidiary which, individually or in the aggregate, could reasonably
be expected to have a Material Adverse Effect (ii) affecting or with respect to this
Agreement, any other Credit Document or any security interest or Lien created thereunder or
(iii) by any Governmental Authority relating to any Credit Party or, to the knowledge of any
Responsible Officer of a Credit Party, any Subsidiary thereof and alleging fraud by such
Person that could reasonably be expected to result in a monetary claim in excess of
$1,000,000;

     (d) as soon as possible and in any event within thirty (30) days after any Credit Party
knows or has reason to know thereof: (i) the occurrence of any Reportable Event with
respect to any Plan, an application for a waiver or modification of the minimum funding
standard or an extension of any amortization period under Section 412 of the Code or
Sections 303 or 304 of ERISA, a failure to make any required contribution to a Plan or the
creation of any Lien in favor of the PBGC (other than a Permitted Lien) or a Plan; (ii) a
withdrawal by the Borrower or any Commonly Controlled Entity from a Plan subject to Section
4063 of ERISA during a plan year in which it was a substantial employer (as defined in
Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a
withdrawal under Section 4062(e) of ERISA; (iii) a complete or partial withdrawal of the
Borrower or any Commonly Controlled Entity from a Multiemployer Plan or the Reorganization
or Insolvency of a Multiemployer Plan; (iv) the filing of a notice of intent to terminate
under Sections 4041 or the termination of a Multiemployer Plan under 4041A of ERISA or the
commencement of proceedings by the PBGC to terminate a Plan; (v) an event or condition which
might reasonably be expected to constitute grounds under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, the Plan or (vi) the
institution of any proceedings or the taking of any other action by the PBGC, any Credit
Party, any Commonly Controlled Entity or any Multiemployer Plan that is reasonably likely to
result in the imposition of any liability under Title IV of ERISA with respect to a Plan,
other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the
Borrower or any Commonly Controlled Entity;

84

 

     (e) promptly, notice of the creation of any Domestic Subsidiary; and

     (f) promptly, any other development or event which could reasonably be expected to have
a Material Adverse Effect.

Each notice pursuant to this Section shall be accompanied by a statement of an Authorized Officer
setting forth details of the occurrence referred to therein and stating what action the Credit
Parties propose to take with respect thereto. In the case of any notice of a Default or Event of
Default, the Borrower shall specify that such notice is a Default or Event of Default notice on the
face thereof.

     Section 5.8 Environmental Laws.

     (a) Except as could not reasonably be expected, either individually or in the
aggregate, to have a Material Adverse Effect, comply with, and ensure compliance in all
material respects by all tenants and subtenants, if any, with, all applicable Environmental
Laws and obtain and comply with and maintain, and ensure that all tenants and subtenants
obtain and comply with and maintain, any and all licenses, approvals, notifications,
registrations or permits required by applicable Environmental Laws;

     (b) Except as could not reasonably be expected, either individually or in the
aggregate, to have a Material Adverse Effect, conduct and complete all investigations,
studies, sampling and testing, and all remedial, removal and other actions required under
Environmental Laws and promptly comply with all lawful orders and directives of all
Governmental Authorities regarding Environmental Laws except to the extent that the same are
being contested in good faith by appropriate proceedings.

     Section 5.9 Financial Covenants.

     Comply with the following financial covenants:

     (a) Total Leverage Ratio. The Total Leverage Ratio, calculated as of the last
day of each fiscal quarter shall be less than or equal to 2.00 to 1.00.

     (b) Fixed Charge Coverage Ratio. The Fixed Charge Coverage Ratio, calculated
as of the last day of each fiscal quarter, shall be greater than or equal to 1.25 to 1.0.

     (c) Minimum Net Worth. The Borrower shall not permit Net Worth calculated at
the end of each fiscal quarter to be less than the sum of (i) $501,887,700, plus
(ii) 50% of Consolidated Net Income (with no deduction for net losses during any quarterly
period) earned after December 31, 2010, plus (iii) 100% of the Net Proceeds received
by the Borrower and its Restricted Subsidiaries from the issuance and sale of Equity
Interests of the Borrower or any Restricted Subsidiary (other than an issuance to

85

 

the Borrower or a wholly-owned Restricted Subsidiary), including any conversion of debt
securities of the Borrower into such Equity Interests after December 31, 2010.

     Section 5.10 Additional Guarantors.

     The Credit Parties will cause each of their Domestic Subsidiaries, whether newly formed, after
acquired or otherwise existing to promptly (and in any event within thirty (30) days after such
Domestic Subsidiary is formed or acquired (or such longer period of time as agreed to by the
Administrative Agent in its reasonable discretion)) (a) become a Guarantor hereunder by way of
execution of a Joinder Agreement, and (b) to become a grantor under the Security Agreement and a
pledgor under the Pledge Agreement by executing and delivering to the Administrative Agent the
Security Agreement and the Pledge Agreement or supplements thereto, whereby such Subsidiary will
grant a first priority perfected security interest in the Collateral of such new Guarantor and a
pledge of 100% of the Equity Interests of such new Guarantor and its Domestic Subsidiaries (but not
including, in any case, Domestic Subsidiaries and Equity Interests described in the last sentence
of Section 5.12(a)) and 65% (or, after any applicable Change in Law, such higher percentage that
would not result in any adverse tax consequences for such new Guarantor) of the voting Equity
Interests and 100% of the non-voting Equity Interests of its first-tier Foreign Subsidiaries;
provided, however, that to the extent any Domestic Subsidiary is subject to the
terms of any Acquired Indebtedness and such Acquired Indebtedness prohibits such Domestic
Subsidiary from becoming a Guarantor hereunder or becoming a party to the Security Agreement or
Pledge Agreement (provided that such terms were not incurred in connection with, or in anticipation
of, such acquisition), then such Domestic Subsidiary shall not be required to become a Guarantor
hereunder or to become a party to the Security Agreement or the Pledge Agreement until such time as
such Domestic Subsidiary is no longer subject to the terms of such Acquired Indebtedness. In
connection with the foregoing, the Credit Parties shall deliver to the Administrative Agent, with
respect to each new Guarantor such documents or agreements as the Administrative Agent may
reasonably request.

     Section 5.11 Compliance with Law.

     Each Credit Party shall, and shall cause each of its Restricted Subsidiaries to, comply in all
material respects with the requirements of all Laws applicable to it or to its business or Property
(including, without limitation, (a) all federal and state registrations required by anti-money
laundering laws, (b) the provisions of the Texas Pawnshop Act (Chapter 371 of the Texas Finance
Code), (c) provisions of the Brady Act and (d) the consumer loan provisions of the Texas Finance
Code), except in such instances in which (i) such requirement of Law is being contested in good
faith or a bona fide dispute exists with respect thereto; or (ii) the failure to comply therewith
could not be reasonably expected to have a Material Adverse Effect.

     Section 5.12 Pledged Assets.

     (a) Equity Interests. Each Credit Party will cause 100% of the Equity Interests
in each of its direct or indirect Domestic Subsidiaries and 65% (or, after any applicable
Change in Law, such higher percentage that would not result in any adverse tax consequences
for such new Guarantor) of the voting Equity Interests and 100% of the

86

 

non-voting Equity Interests of its first-tier Foreign Subsidiaries, in each case to the
extent owned by such Credit Party, to be subject at all times to a first priority, perfected
Lien in favor of the Administrative Agent to the extent required pursuant to the terms and
conditions of the Security Documents; provided, however, that to the extent
any Domestic Subsidiary is subject to the terms of any Acquired Indebtedness and such
Acquired Indebtedness prohibits such Domestic Subsidiary from becoming a party to the Pledge
Agreement (provided that such terms were not incurred in connection with, or in anticipation
of, such acquisition), then such Domestic Subsidiary shall not be required to become a party
to the Pledge Agreement until such time as such Domestic Subsidiary is no longer subject to
the terms of such Acquired Indebtedness; provided, further, that if pursuant
to a Permitted Restructuring any of the Equity Interests of a first-tier Foreign Subsidiary
becomes owned by another Foreign Subsidiary, the Administrative Agent shall promptly release
any Liens on the Equity Interests of the former first-tier Foreign Subsidiary.
Notwithstanding the foregoing, no Credit Party shall be required to pledge or otherwise
subject to a security interest (a) more than 65% of the voting Equity Interests in any
Domestic Subsidiary that is disregarded as separate from such Credit Party for U.S. federal
income tax purposes if such Domestic Subsidiary owns (directly or indirectly through one or
more other Domestic Subsidiaries that are disregarded as separate from such Credit Party for
U.S. federal income tax purposes) more than 65% of the voting Equity Interests in any
Foreign Subsidiary and (b) Investments in the form of Equity Interests in joint ventures
formed or created under Section 6.5(h).

     (b) Personal Property. Each Credit Party will cause all of its Collateral
(other than Equity Interests) now owned or hereafter acquired by it to be subject at all
times to a first priority, perfected Lien (subject in each case to Permitted Liens and any
Permitted Restructuring) in favor of the Administrative Agent for the benefit of the Secured
Parties to secure the Credit Party Obligations to the extent required pursuant to the terms
and conditions of the Security Documents or such other security documents as the
Administrative Agent shall reasonably request; provided, however, that to
the extent any Domestic Subsidiary is subject to the terms of any Acquired Indebtedness and
such Acquired Indebtedness prohibits such Domestic Subsidiary from becoming a party to the
Security Agreement (provided that such terms were not incurred in connection with, or in
anticipation of, such acquisition), then such Domestic Subsidiary shall not be required to
become a party to the Security Agreement until such time as such Domestic Subsidiary is no
longer subject to the terms of such Acquired Indebtedness.

     Section 5.13 Further Assurances and Post-Closing Covenants.

     (a) Public/Private Designation. The Credit Parties will cooperate with the
Administrative Agent in connection with the publication of certain materials and/or
information provided by or on behalf of the Credit Parties to the Administrative Agent and
Lenders (collectively, “Information Materials”) and will designate Information
Materials (i) that are either available to the public or not material with respect to the
Credit Parties and their Subsidiaries or any of their respective securities for purposes of
United States federal and state securities laws, as “Public Information” and (ii)
that are not Public Information as “private” or “confidential” information.

87

 

     (b) Additional Information. The Credit Parties shall provide such information
regarding the operations, business affairs and financial condition of the Credit Parties and
their Subsidiaries as the Administrative Agent or any Lender may reasonably request,
including, without limitation, updates to Schedules 3.23 and 3.24.

     (c) Visits and Inspections. The Credit Parties shall, subject to Section 9.14,
permit representatives of the Administrative Agent or any Lender, from time to time upon
prior reasonable notice and at such reasonable times during normal business hours, to visit
and inspect its properties (including the Collateral); inspect and audit its books, records
and files, including, but not limited to, management letters prepared by independent
accountants; and discuss with its principal officers, and its independent accountants, its
business, assets, liabilities, financial condition, results of operations and business
prospects all at the expense of the Lenders. Upon the occurrence and during the continuance
of an Event of Default, the Administrative Agent or any Lender may do any of the foregoing
at any time without advance notice and at the expense of the Borrower.

     (d) Further Assurances. Upon the reasonable request of the Administrative
Agent, promptly perform or cause to be performed any and all acts and execute or cause to be
executed any and all documents for filing under the provisions of the UCC or any other
Requirement of Law which are necessary or advisable to maintain in favor of the
Administrative Agent, for the benefit of the Secured Parties, Liens on the Collateral that
are duly perfected in accordance with the requirements of, or the obligations of the Credit
Parties under, the Credit Documents and all applicable Requirements of Law.

     Section 5.14 Use of Proceeds.

     Use the proceeds of the Extension of Credits solely (a) to refinance certain existing
Indebtedness of the Credit Parties and their Subsidiaries, (b) to pay any costs, fees and
expenses associated with this Agreement on the Closing Date and (c) or working capital and
other general corporate purposes of the Credit Parties and their Subsidiaries, including the
Permitted Acquisitions, the CCV Acquisition, the CCV Joint Ventures and the other
Investments permitted by Section 6.5(h).

ARTICLE VI

NEGATIVE COVENANTS

     Each of the Credit Parties hereby covenants and agrees that on the Closing Date, and
thereafter (a) for so long as this Agreement is in effect, (b) until the Commitments have
terminated, (c) the Credit Party Obligations and all other amounts owing to the Administrative
Agent or any Lender hereunder are paid in full in cash, that:

88

 

     Section 6.1 Indebtedness.

     No Credit Party will, nor will it permit any Restricted Subsidiary to, contract, create,
incur, assume or permit to exist any Indebtedness, except:

     (a) Indebtedness arising or existing under this Agreement and the other Credit
Documents;

     (b) (i) Indebtedness of the Credit Parties and their Restricted Subsidiaries existing
as of the Closing Date as referred to in the financial statements referenced in Section 3.1
(and set out more specifically in Schedule 6.1(b) hereto) and any renewals,
refinancings or extensions thereof in a principal amount not in excess of that outstanding
as of the date of such renewal, refinancing or extension and the terms of any such renewal,
refinancing or extension are not materially less favorable to the obligor thereunder and
(ii) Indebtedness of a Person existing at the time such Person becomes a Restricted
Subsidiary or a Credit Party in a transaction permitted hereunder; provided that any
such Indebtedness was not created in anticipation of or in connection with the transaction
or series of transactions pursuant to which such Person became a Restricted Subsidiary of a
Credit Party and any renewals, refinancings or extensions thereof that are not materially
less favorable to the obligor thereunder in a principal amount not in excess of that
outstanding as of the date of any such renewal, refinancing or extension or, in the case of
revolving credit facilities, in a principal amount not in excess of the aggregate amount of
commitments as of the date of any such renewal, refinancing or extension are not materially
less favorable to the obligor thereunder; provided further, that Indebtedness
permitted by clauses (ii) above shall not exceed $50,000,000 in the aggregate at any time
outstanding;

     (c) Purchase Money Obligations and Capital Lease Obligations of the Credit Parties and
their Restricted Subsidiaries; provided that the total amount of all such
Indebtedness permitted by this clause (c) shall not exceed $15,000,000 at any time
outstanding;

     (d) Unsecured intercompany Indebtedness among the Credit Parties;

     (e) Indebtedness and obligations owing under (i) Bank Products and (ii) other Hedging
Agreements entered into in order to manage existing or anticipated interest rate, exchange
rate or commodity price risks and not for speculative purposes;

     (f) Guaranty Obligations in respect of Indebtedness of a Credit Party to the extent
such Indebtedness is permitted to exist or be incurred pursuant to this Section or Section
6.5;

     (g) other unsecured, subordinated Indebtedness of Credit Parties; provided that
(i) the terms of such Indebtedness (other than interest rate and fees) are generally no more
restrictive on the applicable obligor than the terms hereof, (ii) such Indebtedness shall be
fully subordinated to the Credit Party Obligations hereunder on terms reasonably

89

 

satisfactory to the Administrative Agent and (iii) prior to the issuance thereof, the
Borrower has delivered to the Administrative Agent a Compliance Certificate which indicates
that on a Pro Forma Basis after giving effect to the incurrence of any such Indebtedness,
the Total Leverage Ratio of the Borrower and its Subsidiaries shall be not less than 0.25
inside the Total Leverage Ratio required by Section 5.9 for the most recently ended fiscal
quarter (for which financial statements are available);

     (h) intercompany payables for the purchase of goods and services in the ordinary course
of business in an amount not to exceed $5,000,000 at any time outstanding;

     (i) Indebtedness consisting of any letter of credit issued to an unaffiliated third
party lender for the account of a borrower of a consumer loan in connection with the credit
services organization program implemented by the Borrower or any Subsidiary in compliance
with applicable provisions of Law;

     (j) surety bonds delivered in the ordinary course of business;

     (k) insurance premium financings entered into in the ordinary course of business;

     (l) Indebtedness resulting from the endorsement of negotiable instruments, the honoring
by a bank or other financial institution of a check, draft or similar instrument drawn
against insufficient funds incurred in the ordinary course of business; and

     (m) trade payables incurred in the ordinary course of business or accrued expenses
payable on customary terms and conditions in the ordinary course of business.

     Section 6.2 Liens.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to, contract,
create, incur, assume or permit to exist any Lien with respect to any of their respective property
or assets of any kind (whether real or personal, tangible or intangible), whether now owned or
hereafter acquired, except for the following (the “Permitted Liens”):

     (a) Liens created by or otherwise existing under or in connection with this Agreement
or the other Credit Documents in favor of the Administrative Agent on behalf of the Secured
Parties;

     (b) Liens in favor of a Bank Product Provider in connection with a Bank Product;
provided that such Liens shall secure the Credit Party Obligations on a pari passu
basis;

     (c) Liens securing Purchase Money Obligations and Capital Lease Obligations (and
refinancings thereof) to the extent permitted under Section 6.1(c);

90

 

provided, that (i) any such Lien attaches to such property concurrently with or
within ninety (90) days after the acquisition, installation, construction or improvement
thereof and (ii) such Lien attaches solely to the property so acquired, installed,
constructed or improved, as the case may be;

     (d) Liens for taxes, assessments, charges or other governmental levies not yet due or
as to which the period of grace (not to exceed sixty (60) days), if any, related thereto has
not expired or which are being contested in good faith by appropriate proceedings;
provided that adequate reserves with respect thereto are maintained on the books of
any Credit Party or its Restricted Subsidiaries, as the case may be, in conformity with
GAAP;

     (e) contractual or statutory Liens such as carriers’, warehousemen’s, mechanics’,
materialmen’s, landlords’, repairmen’s or other like Liens arising in the ordinary course of
business which are not overdue for a period of more than thirty (30) days or which are being
contested in good faith by appropriate proceedings; provided that a reserve or other
appropriate provision shall have been made therefor;

     (f) pledges or deposits in connection with workers’ compensation, unemployment
insurance, pensions or social security programs and other social security legislation (other
than any Lien imposed by ERISA or the Code);

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

     (h) easements, rights of way, restrictions and other similar encumbrances affecting
real property and title defects or irregularities which are minor in nature, which do not in
any case materially detract from the value of the property subject thereto or materially
interfere with the ordinary conduct of the business of the applicable Person;

     (i) Liens existing on the Closing Date and set forth on Schedule 6.2(i);
provided that (i) no such Lien shall at any time be extended to cover property or
assets other than the property or assets subject thereto on the Closing Date and
improvements thereon and (ii) the principal amount of the Indebtedness secured by such Lien
shall not be increased;

     (j) any extension, renewal or replacement (or successive extensions, renewals or
replacements), in whole or in part, of any Lien referred to in this definition;
provided that such extension, renewal or replacement Lien shall be limited to all or
a part of the property which secured the Lien so extended, renewed or replaced (plus
improvements on such property) and the principal amount of the Indebtedness secured by such
Lien shall not be increased;

     (k) Liens arising in the ordinary course of business by virtue of any contractual,
statutory or common law provision relating to banker’s Liens, rights of set-

91

 

off or similar rights and remedies covering deposit or securities accounts (including
funds or other assets credited thereto) or other funds maintained with a depository
institution or securities intermediary;

     (l) any zoning, building or similar laws or rights reserved to or vested in any
Governmental Authority;

     (m) restrictions on transfers of securities imposed by applicable Securities Laws;

     (n) Liens arising out of judgments or awards not resulting in an Event of Default;

     (o) Liens with respect to Indebtedness incurred under Section 6.1(b)(ii) in an
aggregate principal amount not to exceed $50,000,000 for all such Persons at any time
outstanding; provided, however, that any such Lien may not extend to any
other property of any Credit Party or any other Restricted Subsidiary that is not a
Subsidiary of such Person; provided, further, that any such Lien was not
created in anticipation of or in connection with the transaction or series of transactions
pursuant to which such Person became a Restricted Subsidiary of a Credit Party;

     (p) (i) any interest or title of a lessor, lessee, licensee, licensor, sublessee or
sublessor under any lease, license, sublease or (ii) any sale or leaseback or any
encumbrances relating to any transactions permitted under Section 6.12, entered into by any
Credit Party or any Restricted Subsidiary thereof, in each case, covering only the assets so
leased, licensed, subleased or subject to such sale or leaseback or other encumbrance;

     (q) Liens in favor of the Administrative Agent, Issuing Lender and/or Swingline Lender
to Cash Collateralize or otherwise secure the obligations of a Defaulting Lender to fund
risk participations hereunder;

     (r) assignments of insurance or condemnation proceeds provided to landlords (or their
mortgagees) pursuant to the terms of any lease and Liens or rights reserved in any lease for
rent or for compliance with the terms of such lease;

     (s) good faith deposits in connection with tenders, leases, real estate bids or
contracts;

     (t) Liens on any cash earnest money deposits made in connection with any letter of
intent or purchase or other acquisition agreement permitted hereunder;

     (u) purported Liens evidenced by filings of precautionary UCC financing statements
relating to property leased in the ordinary course of business;

92

 

     (v) options, put and call arrangements, rights of first refusal and similar rights to
Investments in joint ventures or other similar Investments permitted in Section 6.5;

     (w) deposits securing liability to insurance carriers under insurance or self-insurance
arrangements and Liens securing Indebtedness in respect of insurance premium financings
permitted hereunder;

     (x) pledges or deposits made in the ordinary course of business in connection with any
advance, loan or other extension of credit to a borrower of a Credit Party or any Restricted
Subsidiary;

     (y) stock options and restricted stock awards granted to employees or directors and
directors’ qualifying shares; and

     (z) additional Liens so long as the principal amount of Indebtedness and other
obligations secured thereby does not exceed $5,000,000 in the aggregate.

     Section 6.3 Nature of Business.

     No Credit Party will, nor will it permit any Restricted Subsidiary to, alter the character of
its business in any material respect from that conducted as of the Closing Date, except as
specifically set forth in Section 5.4.

     Section 6.4 Consolidation, Merger, Sale or Purchase of Assets, etc.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to,

     (a) sell, transfer, lease or otherwise dispose of its property or assets (each a
“Disposition”) or dissolve, liquidate or wind up its affairs, except the following,
without duplication, shall be expressly permitted:

     (i) (A) the Dispositions of inventory and materials in the ordinary course of
business and (B) the conversion of cash into Cash Equivalents and Cash Equivalents
into cash;

     (ii) Dispositions to the extent that they are the result of a Recovery Event;

     (iii) Dispositions of used, obsolete, worn out or surplus equipment or other
property, in each case, in the ordinary course of business;

     (iv) Dispositions from one Credit Party to another Credit Party or dissolution,
liquidation or winding up of any Credit Party (other than the Borrower or any
Restricted Subsidiary) to the extent any and all assets of such Credit Party are
distributed to another Credit Party;

93

 

     (v) Dispositions of accounts receivable in connection with the compromise,
settlement or collection thereof;

     (vi) Dispositions permitted under Sections 6.4(b), 6.5, 6.10 and 6.12

     (vii) Dispositions in connection with the termination of any Bank Product;

     (viii) Dispositions constituting a Permitted Restructuring; and

     (ix) other Dispositions not to exceed 5% of total assets of the Credit Parties
(determined on a net book value basis as of the most recently ended fiscal quarter)
in the aggregate in any fiscal year;

     provided that (A) after giving effect to any Disposition pursuant to clause
(ix) above, the Credit Parties shall be in compliance on a Pro Forma Basis with the
financial covenants set forth in Section 5.9 hereof, recalculated for the most recently
ended fiscal quarter for which information is available, (B) with respect to clause (ix)
above, no Default or Event of Default shall exist or shall result therefrom and (C) any
Disposition pursuant to clauses (i), (vi), (viii) and (ix) shall be for fair market value as
reasonably determined by the Borrower using its good faith judgment; provided,
further, that with respect to sales of assets permitted hereunder only, the
Administrative Agent shall be entitled, without the consent of any Lender, to release its
Liens relating to the particular assets sold; or

     (b) enter into any transaction of merger or consolidation, except for any merger or
consolidation in connection with (i) Investments or acquisitions permitted pursuant to
Section 6.5 so long as the surviving entity of such merger or consolidation is or becomes a
Credit Party, (ii) (y) the merger or consolidation of a Subsidiary that is not a Credit
Party with and into a Credit Party; provided that such Credit Party will be the
surviving entity and (z) the merger or consolidation of a Credit Party with and into another
Credit Party; provided that if the Borrower is a party thereto, the Borrower will be
the surviving corporation and (iii) the merger or consolidation of a Subsidiary that is not
a Credit Party with and into another Subsidiary that is not a Credit Party.

     Section 6.5 Advances, Investments and Loans.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to, make any
Investment or contract to make any Investment except for the following (the “Permitted
Investments”):

     (a) cash, Cash Equivalents and investments that are permitted and approved by the
Borrower in accordance with the Corporate Investment Policy;

     (b) Investments existing as of the Closing Date as set forth on Schedule
6.5(b);

94

 

     (c) receivables owing to the Credit Parties or any of their Restricted Subsidiaries or
any receivables and advances to suppliers, in each case if created, acquired or made in the
ordinary course of business and payable or dischargeable in accordance with customary trade
terms;

     (d) Investments in and loans to any Credit Party;

     (e) loans and advances to officers, directors and employees in an aggregate amount not
to exceed $5,000,000 at any time outstanding; provided that such loans and advances shall
comply with all applicable Requirements of Law (including Sarbanes-Oxley);

     (f) Investments (including debt obligations) 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;

     (g) Permitted Acquisitions;

     (h) Investments (including without limitation, Investments in Unrestricted Entities);
provided that at the time of the making of any such Investment, the amount of such
Investment plus the amount of all other Investments made under this clause (h) does not
exceed twenty-five percent (25%) of Net Worth determined as of the most recent fiscal
quarter end prior to the time of the making of such Investment;

     (i) the CCV Acquisition;

     (j) Investments in Bank Products;

     (k) any CSO LC Disbursements made by the CSO LC Issuer in connection with the CSO
Program;

     (l) pawn loans, payday loans and other consumer loans or other loans or advances made
to customers of the Borrower and its Restricted Subsidiaries in the ordinary course of
business;

     (m) to the extent constituting an Investment, any Permitted Restructuring;

     (n) Investments received in connection with Dispositions permitted under Section 6.4
(other than Dispositions permitted under Section 6.5(h)); and

     (o) additional loan advances and/or Investments of a nature not contemplated by the
foregoing clauses hereof; provided that (i) such loans, advances and/or Investments
made after the Closing Date pursuant to this clause shall not exceed an

95

 

aggregate amount of $5,000,000 at any one time outstanding and (ii) such loans,
advances and/or Investments may not be made in Unrestricted Entities.

     Section 6.6 Transactions with Affiliates.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to, enter into any
transaction or series of transactions, whether or not in the ordinary course of business, with any
officer, director, shareholder or Affiliate other than on terms and conditions substantially as
favorable as would be obtainable in a comparable arm’s-length transaction with a Person other than
an officer, director, shareholder or Affiliate, other than (a) transactions solely between or among
Credit Parties, (b) any Restricted Payment permitted by Section 6.10 and (c) transactions permitted
by Sections 6.4 and 6.5.

     Section 6.7 [Intentionally Omitted].

     Section 6.8 Corporate Changes.

     No Credit Party will, nor will it permit any of its Restricted Subsidiaries to, (a) change its
fiscal year (other than to conform acquired companies’ fiscal years to that of the Borrower) or (b)
amend, modify or change its articles of incorporation, certificate of designation (or corporate
charter or other similar organizational document), operating agreement, Corporate Investment Policy
or bylaws (or other similar document) in any respect materially adverse to the interests of the
Lenders without the prior written consent of the Required Lenders. No Credit Party shall (a)
change its state of incorporation or organization, without providing prior written notice to the
Administrative Agent and without filing (or confirming that the Administrative Agent has filed)
such financing statements and amendments to any previously filed financing statements as the
Administrative Agent may require, or change its registered legal name, without providing prior
written notice to the Administrative Agent and without filing (or confirming that the
Administrative Agent has filed) such financing statements and amendments to any previously filed
financing statements as the Administrative Agent may require, (b) have more than one state of
incorporation, organization or formation or (c) change its accounting method (except in accordance
with GAAP) in any manner adverse to the interests of the Lenders without the prior written consent
of the Required Lenders.

     Section 6.9 Limitation on Restricted Actions.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to, directly or
indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or
restriction on the ability of any such Person to (a) pay dividends or make any other distributions
to any Credit Party on its Equity Interests or with respect to any other interest or participation
in, or measured by, its profits, (b) pay any Indebtedness or other obligation owed to any Credit
Party, (c) make loans or advances to any Credit Party, (d) sell, lease or transfer any of its
properties or assets to any Credit Party, or (e) act as a Guarantor and pledge its assets pursuant
to the Credit Documents other than such encumbrances or restrictions existing under or by reason of
(i) this Agreement and the other Credit Documents, (ii) applicable Law, (iii) any document or
instrument governing Indebtedness incurred pursuant to Sections 6.1(b) and (c); provided
that

96

 

any such restriction contained therein relates only to the asset or assets constructed or
acquired in connection therewith, (iv) any Permitted Lien or any document or instrument governing
any Permitted Lien; provided that any such restriction contained therein relates only to
the asset or assets subject to such Permitted Lien or (v) customary provisions contained in joint
venture agreements and in agreements relating to the sale of assets of, or an Equity Interest in, a
Credit Party or Restricted Subsidiary pending such sale; provided such instructions and
conditions apply only to the assets or Equity Interests that are to be sold and such sale is
permitted hereunder.

     Section 6.10 Restricted Payments.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to, directly or
indirectly, declare, order, make or set apart any sum for or pay any Restricted Payment, except (a)
to make dividends payable solely in the same class of Equity Interests of such Person, (b) to make
dividends or other distributions payable to the Credit Parties (directly or indirectly through its
Subsidiaries) (c) so long as no Default or Event of Default has occurred and is continuing or would
result therefrom, to make regularly scheduled interest payments under any Subordinated Debt; (d) so
long as no Default or Event of Default has occurred and is continuing or would result therefrom, to
make any earnout payment required as a result of any acquisition permitted by this Agreement; and
(e) so long as (i) no Default or Event of Default has occurred or is continuing or would result
therefrom and (ii) the Credit Parties have demonstrated to the reasonable satisfaction of the
Administrative Agent that, after giving effect to such Restricted Payment on a Pro Forma Basis, the
Credit Parties are in compliance with each of the financial covenants set forth in Section 5.9,
then to the extent the conditions set forth in clauses (i) and (ii) are satisfied, to make other
Restricted Payments of the type described in clauses (a), (b) and (c) thereof in an amount not to
exceed $10,000,000 in the aggregate during any fiscal year of the Borrower.

     Section 6.11 Amendment of Subordinated Debt.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to, without the
prior written consent of the Required Lenders, amend or modify or permit the amendment or
modification of any term of any document governing or relating to any Subordinated Debt in a manner
that is adverse to the interests of the Lenders.

     Section 6.12 Sale Leasebacks.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to, enter into any
Sale and Leaseback Transaction relating to assets with an aggregate book value in excess of
$15,000,000 in any fiscal year.

97

 

     Section 6.13 [Intentionally Omitted].

     Section 6.14 Unrestricted Entities.

     The Credit Parties will not, nor will they permit any Restricted Subsidiary to, permit their
Subsidiaries that are Unrestricted Entities to:

     (a) contract, create, incur, assume or permit to exist any Indebtedness other than

     (i) Indebtedness of such Person existing on the Closing Date and any renewals
or refinancings thereof;

     (ii) intercompany Indebtedness (A) among Unrestricted Entities or (B) to the
extent permitted under Section 6.5, owed to the Borrower or any other Credit Party;

     (iii) Indebtedness of the types described in Section 6.1(b)(i), (k), (l) and
(m), in each case as such provisions would relate to Subsidiaries that are
Unrestricted Entities;

     (iv) Indebtedness and Obligations owing with respect to Cash Management
Services and Hedge Agreements;

     (v) Guarantee Obligations of Indebtedness permitted under this Section 6.5 or
6.14; and

     (vi) other Indebtedness in an amount not to exceed $75,000,000.

     (b) contract, create, incur, assume or permit to exist any Lien with respect to any of
their respective property or assets of any kind (whether real or personal, tangible or
intangible), whether now owned or hereafter acquired, except the following:

     (i) Liens with respect to stock options and restricted stock awards granted to
employees or directors and directors’ qualifying shares;

     (ii) Liens securing Indebtedness of the type described in Section 6.14(a)(i),
(ii) and (iv);

     (iii) Liens of the types described in Section 6.2(e)-(m), (p)(i) and (r)-(w),
in each case as such provisions would relate to Subsidiaries that are Unrestricted
Entities;

     (iv) Liens for taxes, assessments, charges or other governmental levies not yet
due or as to which the period of grace (not to exceed sixty (60) days), if any,
related thereto has not expired or which are being contested in good faith by
appropriate proceedings; provided that adequate reserves with respect thereto are

98

 

maintained on the books of such Credit Party, Restricted Subsidiary or
Unrestricted Entity;

     (v) Liens arising out of judgments or awards not resulting in an Event of
Default;

     (vi) pledges or deposits made in the ordinary course of business in connection
with any advance, loan or other extension of credit to a borrower of a Credit Party
or any Restricted Subsidiary; and

     (vii) other Liens in an amount not to exceed $75,000,000 in the aggregate.

ARTICLE VII

EVENTS OF DEFAULT

     Section 7.1 Events of Default.

     An Event of Default shall exist upon the occurrence of any of the following specified events
(each an “Event of Default”):

     (a) Payment. (i) The Borrower shall fail to pay any principal on any Loan or
Note when due (whether at maturity, by reason of acceleration or otherwise) in accordance
with the terms hereof or thereof; or (ii) the Borrower shall fail to reimburse the Issuing
Lender for any LOC Obligations when due (whether at maturity, by reason of acceleration or
otherwise) in accordance with the terms hereof; or (iii) the Borrower shall fail to pay any
interest on any Loan or any fee or other amount payable hereunder when due (whether at
maturity, by reason of acceleration or otherwise) in accordance with the terms hereof and
such failure shall continue unremedied for three (3) days; or (iv) or any Guarantor shall
fail to pay on the Guaranty in respect of any of the foregoing or in respect of any other
Guaranty Obligations hereunder (after giving effect to the grace period in clause (iii)); or

     (b) Misrepresentation. Any representation or warranty made or deemed made
herein, in the Security Documents or in any of the other Credit Documents or which is
contained in any certificate, document or financial or other statement furnished at any time
under or in connection with this Agreement shall (i) with respect to representation and
warranties that contain a materiality qualifier prove to have been incorrect, false or
misleading and (ii) with respect to any representation and warranties that do not contain a
materiality qualifier, prove to have been incorrect, false or misleading in any material
respect on or as of the date made or deemed made; or

99

 

     (c) Covenant Default.

     (i) Any Credit Party shall fail to perform, comply with or observe any term,
covenant or agreement applicable to it contained in Sections 5.1, 5.2(a), 5.2(b),
5.2(e), 5.4, 5.7(a), 5.9, 5.11, 5.14 or Article VI hereof; or

     (ii) Any Credit Party shall fail to comply with any other covenant contained in
this Agreement or the other Credit Documents or any other agreement, document or
instrument among any Credit Party, the Administrative Agent and the Lenders or
executed by any Credit Party in favor of the Administrative Agent or the Lenders
(other than as described in Sections 7.1(a) or 7.1(c)(i) above) and, with respect to
this clause (ii) only, such breach or failure to comply is not cured within thirty
(30) days following the earlier of knowledge thereof by any Credit Party or written
notice by the Administrative Agent to the Borrower; or

     (d) Indebtedness Cross-Default. (i) Any Credit Party or any of its Restricted
Subsidiaries shall default in any payment of principal of or interest on any Indebtedness
(other than the Loans, Reimbursement Obligations and the Guaranty) having an aggregate
principal amount outstanding of more than $10,000,000 beyond any applicable grace period
(not to exceed thirty (30) days), if any, provided in the instrument or agreement under
which such Indebtedness was created; or (ii) any Credit Party or any of its Restricted
Subsidiaries shall default in the observance or performance of any other agreement or
condition relating to any Indebtedness (other than the Loans, Reimbursement Obligations and
the Guaranty) having an aggregate principal amount outstanding of more than $10,000,000 or
contained in any instrument or agreement evidencing, securing or relating thereto, or any
other event shall occur or condition exist, the effect of which default or other event or
condition is to cause, or to permit the holder or holders of such Indebtedness or
beneficiary or beneficiaries of such 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 become due prior to its stated maturity or to be repurchased,
prepaid, deferred or redeemed (automatically or otherwise); or (iii) any Foreign Subsidiary
shall default on any Indebtedness beyond any applicable grace period (not to exceed thirty
(30) days), if any, provided in the instrument or agreement under which such Indebtedness
was created and the result of such default could reasonably be expected to have a Material
Adverse Effect; or (iv) any Credit Party or any of its Restricted Subsidiaries shall breach
or default any Hedging Agreement that is a Bank Product; or

     (e) [Intentionally Omitted].

     (f) Bankruptcy Default. (i) A Credit Party or any of its Subsidiaries (other
than an Immaterial Subsidiary) shall commence any case, proceeding or other action (A) under
any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy,
insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or

100

 

seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution,
composition or other relief with respect to it or its debts, or (B) seeking appointment of a
receiver, trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets, or a Credit Party or any of its Subsidiaries shall make a
general assignment for the benefit of its creditors; or (ii) there shall be commenced
against a Credit Party or any of its Subsidiaries (other than an Immaterial Subsidiary) any
case, proceeding or other action of a nature referred to in clause (i) above which (A)
results in the entry of an order for relief or any such adjudication or appointment or (B)
remains undismissed, undischarged or unbonded for a period of sixty (60) days; or (iii)
there shall be commenced against a Credit Party or any of its Subsidiaries (other than an
Immaterial Subsidiary) any case, proceeding or other action seeking issuance of a warrant of
attachment, execution, distraint or similar process against all or any substantial part of
their assets which results in the entry of an order for any such relief which shall not have
been vacated, discharged, or stayed or bonded pending appeal within sixty (60) days from the
entry thereof; or (iv) a Credit Party or any of its Subsidiaries (other than an Immaterial
Subsidiary) shall take any action in furtherance of, or indicating its consent to, approval
of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or
(v) a Credit Party or any of its Subsidiaries (other than an Immaterial Subsidiary) shall
generally not, or shall be unable to, or shall admit in writing their inability to, pay its
debts as they become due; or

     (g) Judgment Default. (i) One or more judgments or decrees shall be entered
against a Credit Party or any of its Restricted Subsidiaries involving in the aggregate a
liability (to the extent not covered by insurance) of $10,000,000 or more and all such
judgments or decrees shall not have been paid and satisfied, vacated, discharged, stayed or
bonded pending appeal within ten (10) Business Days from the entry thereof or (ii) any
injunction, temporary restraining order or similar decree shall be issued against a Credit
Party or any of its Subsidiaries that, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect or (iii) one or more judgments or decrees shall
be entered against a Foreign Subsidiary or any of their Subsidiaries involving in the
aggregate a liability (to the extent not covered by insurance) that could reasonably be
expected to have a Material Adverse Effect and all such judgments or decrees shall not have
been paid and satisfied, vacated, discharged, stayed or bonded pending appeal within ten
(10) Business Days from the entry thereof; or

     (h) ERISA Default. The occurrence of any of the following: (i) Any Person
shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section
4975 of the Code) involving any Plan, (ii) any Plan shall fail to satisfy the minimum
funding standard of Section 302 of ERISA or Section 412 of the Code or any Lien in favor of
the PBGC or a Plan (other than a Permitted Lien) shall arise on the assets of the Credit
Parties or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect
to, or proceedings shall commence to have a trustee appointed, or a trustee shall be
appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event
or commencement of proceedings or appointment of a trustee could reasonably be expected to
result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single
Employer Plan shall terminate for purposes of Title IV of

101

 

ERISA, or (v) a Credit Party, any of its Restricted Subsidiaries or any Commonly
Controlled Entity shall, or in the reasonable opinion of the Required Lenders is likely to,
incur any liability in connection with a withdrawal from, or the Insolvency or
Reorganization of, any Multiemployer Plan; or

     (i) Change of Control. There shall occur a Change of Control; or

     (j) Invalidity of Guaranty. At any time after the execution and delivery
thereof, the Guaranty, for any reason other than the satisfaction in full of all Credit
Party Obligations, shall cease to be in full force and effect (other than in accordance with
its terms) or shall be declared to be null and void, or any Credit Party shall contest the
validity, enforceability, perfection or priority of the Guaranty, any Credit Document, or
any Lien granted thereunder in writing or deny in writing that it has any further liability,
including with respect to future advances by the Lenders, under any Credit Document to which
it is a party; or

     (k) Invalidity of Credit Documents. Any Credit Document shall fail to be in
full force and effect in any material respect or shall fail in any material respect to give
the Administrative Agent and/or the Lenders the security interests, liens, rights, powers,
priority and privileges purported to be created thereby (except as such documents may be
terminated or no longer in force and effect in accordance with the terms thereof, other than
those indemnities and provisions which by their terms shall survive) or any Lien shall fail
to be a first priority, perfected Lien, to the extent required pursuant to the terms and
conditions of the Security Documents, on a material portion of the Collateral.

     If a Default shall have occurred under the Credit Documents, then such Default will continue
to exist until it either is cured (to the extent specifically permitted) in accordance with the
Credit Documents or is otherwise expressly waived by Administrative Agent (with the approval of
requisite Lenders (in their sole and absolute discretion) as determined in accordance with Section
9.1); and once an Event of Default occurs under the Credit Documents, then such Event of Default
will continue to exist until it is expressly waived by the requisite Lenders or by the
Administrative Agent with the approval of the requisite Lenders, as required hereunder in Section
9.1.

     Section 7.2 Acceleration; Remedies.

     Upon the occurrence and during the continuance of an Event of Default, then, and in any such
event, (a) if such event is a Bankruptcy Event, automatically the Commitments shall immediately
terminate and the Loans (with accrued interest thereon), and all other amounts under the Credit
Documents (including, without limitation, the maximum amount of all contingent liabilities under
Letters of Credit) shall immediately become due and payable, and (b) if such event is any other
Event of Default, any or all of the following actions may be taken: (i) with the written consent
of the Required Lenders, the Administrative Agent may, or upon the written request of the Required
Lenders, the Administrative Agent shall, declare the Commitments to be terminated forthwith,
whereupon the Commitments shall immediately terminate; (ii) the Administrative Agent may, or upon
the written request of the Required

102

 

Lenders, the Administrative Agent shall, declare the Loans (with accrued interest thereon) and
all other amounts owing under this Agreement and the Notes to be due and payable forthwith and
direct the Borrower to pay to the Administrative Agent cash collateral as security for the LOC
Obligations for subsequent drawings under then outstanding Letters of Credit an amount equal to the
maximum amount of which may be drawn under Letters of Credit then outstanding, whereupon the same
shall immediately become due and payable; and/or (iii) with the written consent of the Required
Lenders, the Administrative Agent may, or upon the written request of the Required Lenders, the
Administrative Agent shall, exercise such other rights and remedies as provided under the Credit
Documents and under applicable law.

ARTICLE VIII

THE ADMINISTRATIVE AGENT

     Section 8.1 Appointment and Authority.

     Each of the Lenders and the Issuing Lender hereby irrevocably appoints Wells Fargo to act on
its behalf as the Administrative Agent hereunder and under the other Credit 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. Other than Section 8.9, the provisions of
this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing
Lender, and neither the Borrower nor any other Credit Party shall have rights as a third party
beneficiary of any of such provisions.

     Section 8.2 Nature of Duties.

     Anything herein to the contrary notwithstanding, none of the bookrunners, arrangers or other
agents listed on the cover page hereof shall have any powers, duties or responsibilities under this
Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the
Administrative Agent, a Lender, the Swingline Lender or the Issuing Lender hereunder. Without
limiting the foregoing, none of the Lenders or other Persons so identified shall have or be deemed
to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not
relied, and will not rely, on any of the Lenders or other Persons so identified in deciding to
enter into this Agreement or in taking or not taking action hereunder.

     The Administrative Agent may perform any and all of its duties and exercise its rights and
powers hereunder or under any other Credit 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.

103

 

     Section 8.3 Exculpatory Provisions.

     The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein and in the other Credit Documents. Without limiting the generality of the foregoing,
the Administrative Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;

     (b) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby
or by the other Credit 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 Credit 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 Credit Document or applicable law; and

     (c) shall not, except as expressly set forth herein and in the other Credit Documents,
have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to any Credit Party or any of its Affiliates that is communicated to or
obtained by the Person serving as the Administrative 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 9.1 and 7.2) or (ii) in the absence of
its own gross negligence or willful misconduct.

     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Credit 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 Credit Document or any other agreement, instrument or document or (v) the
satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm
receipt of items expressly required to be delivered to the Administrative Agent.

     Section 8.4 Reliance by Administrative Agent.

     The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing (including any electronic message, Internet or intranet website posting or other

104

 

distribution) believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person. The Administrative Agent also may rely upon any statement made
to it orally or by telephone and believed by it to have been made by the proper Person, and shall
not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be
fulfilled to the satisfaction of a Lender or the Issuing Lender, the Administrative Agent may
presume that such condition is satisfactory to such Lender or the Issuing Lender unless the
Administrative Agent shall have received notice to the contrary from such Lender or the Issuing
Lender prior to the making of such Loan or the issuance of such Letter of Credit. The
Administrative Agent may consult with legal counsel (who may be counsel for the 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 8.5 Notice of Default.

     The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of
any Default or Event of Default hereunder unless the Administrative Agent has received written
notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event
of Default and stating that such notice is a “notice of default”. In the event that the
Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice
thereof to the Lenders. The Administrative Agent shall take such action with respect to such
Default or Event of Default as shall be reasonably directed by the Required Lenders;
provided, however, that unless and until the Administrative Agent shall have
received such directions, the Administrative Agent may (but shall not be obligated to) take such
action, or refrain from taking such action, with respect to such Default or Event of Default as it
shall deem advisable in the best interests of the Lenders except to the extent that this Agreement
expressly requires that such action be taken, or not taken, only with the consent or upon the
authorization of the Required Lenders, or all of the Lenders, as the case may be.

     Section 8.6 Non-Reliance on Administrative Agent and Other Lenders.

     Each Lender and the Issuing Lender expressly acknowledges that neither the Administrative
Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has
made any representation or warranty to it and that no act by the Administrative Agent hereinafter
taken, including any review of the affairs of any Credit Party, shall be deemed to constitute any
representation or warranty by the Administrative Agent to any Lender. Each Lender and the Issuing
Lender acknowledges that it has, independently and without reliance upon the Administrative Agent
or any other Lender or any of their Related Parties and based on such documents and information as
it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
Each Lender and the Issuing Lender also acknowledges that it will, independently and without
reliance upon the Administrative Agent or any other Lender or any of their Related Parties and
based on such documents and information as it shall from time to time deem appropriate, continue to
make its own decisions in taking or not taking action under or based upon this Agreement, any other
Credit Document or any related agreement or any document furnished hereunder or thereunder.

105

 

     Section 8.7 Indemnification.

     The Lenders agree to indemnify the Administrative Agent, the Issuing Lender, and the Swingline
Lender in its capacity hereunder and their Affiliates and their respective officers, directors,
agents and employees (to the extent not reimbursed by the Credit Parties and without limiting the
obligation of the Credit Parties to do so), ratably according to their Revolving Commitment
Percentages in effect on the date on which indemnification is sought under this Section, from and
against any and all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including,
without limitation, at any time following the payment of the Credit Party Obligations) be imposed
on, incurred by or asserted against any such indemnitee in any way relating to or arising out of
any Credit Document or any documents contemplated by or referred to herein or therein or the
Transactions or any action taken or omitted by any such indemnitee under or in connection with any
of the foregoing; provided, however, that no Lender shall be liable for the payment
of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements to the extent resulting from such indemnitee’s gross
negligence or willful misconduct, as determined by a court of competent jurisdiction. The
agreements in this Section shall survive the termination of this Agreement and payment of the
Notes, any Reimbursement Obligation and all other amounts payable hereunder.

     Section 8.8 Administrative Agent in Its Individual Capacity.

     The Person serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the
Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated
or unless the context otherwise requires, include the Person serving as the Administrative Agent
hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from,
lend money to, act as the financial advisor or in any other advisory capacity for and generally
engage in any kind of business with the Credit Parties 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 8.9 Successor Administrative Agent.

     The Administrative Agent may at any time give notice of its resignation to the Lenders, the
Issuing Lender and the Borrower. Upon receipt of any such notice of resignation, the Required
Lenders shall have the right, in consultation with the Company, to appoint a successor, which shall
be a bank with an office in the United States, or an Affiliate of any such bank with an office in
the United States. If no such successor shall have been so appointed by the Required Lenders and
shall have accepted such appointment within thirty (30) days after the retiring Administrative
Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the
Lenders and the Issuing Lender, 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

106

 

retiring Administrative Agent shall be discharged from its duties and obligations hereunder
and under the other Credit Documents (except that in the case of any Collateral held by the
Administrative Agent on behalf of the Lenders or the Issuing Lender under any of the Credit
Documents, the retiring Administrative Agent shall continue to hold such Collateral 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 the Issuing Lender directly, until such time as the Required Lenders
appoint a successor Administrative Agent as provided for above in this paragraph. 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 Credit Documents (if not already
discharged therefrom as provided above in this paragraph). 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 Credit Documents, the provisions of this Article
and Section 9.5 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 Wells Fargo Bank, as Administrative Agent pursuant to this Section shall
also constitute its resignation as Issuing Lender and Swingline Lender. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring Issuing Lender
and Swingline Lender, (b) the retiring Issuing Lender and Swingline Lender shall be discharged from
all of their respective duties and obligations hereunder or under the other Credit Documents, and
(c) the successor Issuing Lender shall issue letters of credit in substitution for the Letters of
Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory
to the retiring Issuing Lender to effectively assume the obligations of the retiring Issuing Lender
with respect to such Letters of Credit.

     Section 8.10 Collateral and Guaranty Matters.

     (a) Each Lender and each Bank Product Provider irrevocably authorize and direct the
Administrative Agent:

     (i) to release any Lien on any Collateral granted to or held by the
Administrative Agent under any Credit Document (A) upon termination of the
Commitments and payment in full of all Credit Party Obligations (other than
contingent indemnification obligations) and the expiration or termination of all
Letters of Credit, (B) that is permitted to be sold, transferred or otherwise
disposed of or released pursuant to the terms of the Credit Documents, or (C)
subject to Section 9.1, if approved, authorized or ratified in writing by the
Required Lenders;

107

 

     (ii) to subordinate any Lien on any Collateral granted to or held by the
Administrative Agent under any Credit Document to the holder of any Lien on such
Collateral that is permitted by Section 6.2; and

     (iii) to release any Guarantor from its obligations under the applicable
Guaranty if such Person ceases to be a Guarantor as a result of a transaction
permitted hereunder.

     (b) In connection with a termination, release or subordination of a Lien pursuant to
this Section or the release of a Guarantor hereunder, the Administrative Agent shall
promptly execute and deliver to the applicable Credit Party, at the Borrower’s expense, all
documents that the applicable Credit Party shall reasonably request to evidence such
termination, release or subordination of a Lien or such release of a Guarantor. 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 obligations
under the Guaranty pursuant to this Section.

     Section 8.11 Bank Products.

     Except as otherwise provided herein, no Bank Product Provider that obtains the benefits of
Sections 2.8 and 7.2, any Guaranty or any Collateral by virtue of the provisions hereof or of any
Guaranty 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 Credit 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 Credit
Documents. The Administrative Agent shall not be required to verify the payment of, or that other
satisfactory arrangements have been made with respect to, Credit Party Obligations arising under
Bank Products unless the Administrative Agent has received written notice (including, without
limitation, a Bank Product Provider Notice) of such Credit Party Obligations, together with such
supporting documentation as the Administrative Agent may request, from the applicable Bank Product
Provider.

ARTICLE IX

MISCELLANEOUS

     Section 9.1 Amendments, Waivers, Consents and Release of Collateral.

     Neither this Agreement nor any of the other Credit Documents, nor any terms hereof or thereof
may be amended, modified, extended, restated, replaced, or supplemented (by amendment, waiver,
consent or otherwise) except in accordance with the provisions of this Section nor may Collateral
be released except as specifically provided in this Agreement or in the Security Documents or in
accordance with the provisions of this Section. The Required Lenders may or, with the written
consent of the Required Lenders, the Administrative Agent may, from time to time, (a) enter into
with the Borrower written amendments, supplements or

108

 

modifications hereto and to the other Credit Documents for the purpose of adding any
provisions to this Agreement or the other Credit Documents or changing in any manner the rights of
the Lenders or of the Borrower hereunder or thereunder or (b) waive or consent to the departure
from, on such terms and conditions as the Required Lenders may specify in such instrument, any of
the requirements of this Agreement or the other Credit Documents or any Default or Event of Default
and its consequences; provided, however, that no such amendment, supplement,
modification, release, waiver or consent shall:

     (i) reduce the amount or extend the scheduled date of maturity of any Loan or
Note or any installment thereon, or reduce the stated rate of any interest or fee
payable hereunder (except in connection with a waiver of the Default Rate which
shall be determined by a vote of the Required Lenders) or extend the scheduled date
of any payment thereof or increase the amount or extend the expiration date of any
Lender’s Commitment, in each case without the written consent of each Lender
directly affected thereby; or

     (ii) amend, modify or waive any provision of this Section or reduce the
percentage specified in the definition of Required Lenders, without the written
consent of all the Lenders; or

     (iii) release the Borrower or all or substantially all of the value of the
Guaranty, without the written consent of all of the Lenders; provided that
any Guarantor permitted to be released pursuant to the terms of this Agreement may
be released from the Guaranty with the consent of the Administrative Agent; or

     (iv) release all or substantially all of the value of the Collateral without
the written consent of all of the Lenders; provided that any Collateral
permitted to be released pursuant to the terms of this Agreement or the Security
Documents may be released from this Agreement or the Security Documents, as
applicable, with the consent of the Administrative Agent; or

     (v) subordinate the Loans to any other Indebtedness without the written consent
of all of the Lenders; or

     (vi) permit a Letter of Credit to have an original expiry date more than twelve
(12) months from the date of issuance without the consent of each of the Revolving
Lenders; provided, that the expiry date of any Letter of Credit may be
extended in accordance with the terms of Section 2.3(a); or

     (vii) permit the Borrower to assign or transfer any of its rights or
obligations under this Agreement or other Credit Documents without the written
consent of all of the Lenders; or

     (viii) amend, modify or waive any provision of the Credit Documents requiring
consent, approval or request of the Required Lenders or all Lenders

109

 

without the written consent of the Required Lenders or all the Lenders as
applicable; or

     (ix) amend, modify or waive (A) the order in which Credit Party Obligations are
paid or (B) the pro rata sharing of payments by and among the Lenders, in each case
in accordance with Section 2.11 without the written consent of each Lender directly
affected thereby; or

     (x) amend, modify or waive any provision of Article VIII without the written
consent of the then Administrative Agent; or

     (xi) amend or modify the definition of Credit Party Obligations without the
written consent of each Lender directly affected thereby;

provided, further, that no amendment, waiver or consent affecting the rights or
duties of the Administrative Agent, the Issuing Lender or the Swingline Lender under any Credit
Document shall in any event be effective, unless in writing and signed by the Administrative Agent,
the Issuing Lender and/or the Swingline Lender, as applicable, in addition to the Lenders required
hereinabove to take such action.

     Any such waiver, any such amendment, supplement or modification and any such release shall
apply equally to each of the Lenders and shall be binding upon the Borrower, the other Credit
Parties, the Lenders, the Administrative Agent and all future holders of the Notes. In the case of
any waiver, the Borrower, the other Credit Parties, the Lenders and the Administrative Agent shall
be restored to their former position and rights hereunder and under the outstanding Loans and Notes
and other Credit Documents, and any Default or Event of Default waived shall be deemed to be cured
and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of
Default, or impair any right consequent thereon.

     Notwithstanding any of the foregoing to the contrary, the Credit Parties and the
Administrative Agent, without the consent of any Lender, may enter into any amendment, modification
or waiver of any Credit Document, or enter into any new agreement or instrument, to (i) effect the
granting, perfection, protection, expansion or enhancement of any security interest in any
Collateral or additional property to become Collateral for the benefit of the Secured Parties, or
as required by local law to give effect to, or protect any security interest for the benefit of the
Secured Parties, in any property or so that the security interests therein comply with applicable
law or (ii) correct any obvious error or omission of a technical nature, in each case that is
immaterial (as determined by the Administrative Agent), in any provision of any Credit Document, if
the same is not objected to in writing by the Required Lenders within five (5) Business Days
following receipt of notice thereof.

     Notwithstanding the fact that the consent of all the Lenders is required in certain
circumstances as set forth above, (a) each Lender is entitled to vote as such Lender sees fit on
any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the
provisions of Section 1126(c) of the Bankruptcy Code supersede the unanimous consent provisions set
forth herein, (b) the Required Lenders may consent to allow a Credit Party to use cash collateral

110

 

in the context of a bankruptcy or insolvency proceeding and (c) no Defaulting Lender shall
have any right to approve or disapprove any amendment, waiver or consent under this Section 9.1,
except (i) that the Commitment of such Defaulting Lender may not be increased or extended without
the consent of such Defaulting Lender and (ii) to the extent such amendment, waiver or consent
impacts such Defaulting Lender more than the other Lenders.

     For the avoidance of doubt and notwithstanding any provision to the contrary contained in this
Section 9.1, this Agreement may be amended (or amended and restated) with the written consent of
the Credit Parties and the Administrative Agent in accordance with Section 2.2.

     Section 9.2 Notices.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and subject to paragraph (b) below), all
notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or
sent by facsimile or by electronic communication as follows:

	 	 	 	 	 	 	 

	 	 	(i)	 	If to the Borrower or any other Credit Party:
	 
	 	 	 	 	 	 
	 	 	 	 	EZCORP, Inc.
	 	 	 	 	1901 Capital Parkway
	 	 	 	 	Austin, Texas 78746
	 

	 	 	 	Attention:
	 	Stephen A. Stamp
	 

	 	 	 	Telephone:
	 	(512) 314-2289
	 

	 	 	 	Fax:
	 	(512) 314-2229
	 

	 	 	 	Email:
	 	stephen_stamp@ezcorp.com
	 
	 	 	 	 	 	 
	 	 	(ii)	 	If to the Administrative Agent:
	 
	 	 	 	 	 	 
	 	 	 	 	Wells Fargo Bank, National Association, as Administrative Agent
	 	 	 	 	1525 West W.T. Harris Blvd.
	 	 	 	 	Mail Code MACD1109-019
	 	 	 	 	Charlotte, North Carolina 28262
	 

	 	 	 	Attention:
	 	Syndication Agency Services
	 

	 	 	 	Telephone:
	 	(704) 590-2706
	 

	 	 	 	Fax:
	 	(704) 590-2782
	 

	 	 	 	Email:
	 	agencyservices.requests@wachovia.com
	 
	 	 	 	 	 	 
	 	 	with a copy to:	 	 

111

 

	 	 	 	 	 	 	 
	 	 	 	 	Wells Fargo Bank, National Association
	 	 	 	 	111 Congress Avenue
	 	 	 	 	22nd Floor, Suite 2200
	 	 	 	 	Austin, Texas 78701
	 

	 	 	 	Attention:
	 	Michael Brewer
	 

	 	 	 	Telephone:
	 	(512) 344-7037
	 

	 	 	 	Fax:
	 	(866) 412 5793
	 

	 	 	 	Email:
	 	Michael.Brewer@wellsfargo.com
	 
	 	 	 	 	 	 
	 	 	(iii)	 	if to a Lender, to it at its address (or facsimile number) 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 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 delivered through electronic communications to the extent provided in
paragraph (b) below, shall be effective as provided in said paragraph (b).

     (b) Electronic Communications. Notices and other communications to the
Lenders, the Swingline Lender and the Issuing Lender 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, the Swingline Lender or the Issuing Lender pursuant to
Article II if such Lender, the Swingline Lender or the Issuing Lender, 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.

     Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement
from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or other
communication is not sent during the normal business hours of the recipient, such notice or
communication shall be deemed to have been sent at the opening of business on the next business day
for the recipient, and (ii) notices or communications posted to an Internet or intranet website
shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as
described in the foregoing clause (i) of notification that such notice or communication is
available and identifying the website address therefor.

     (c) 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.

112

 

     (d) Platform.

     (i) Each Credit Party agrees that the Administrative Agent may make the
Communications (as defined below) available to the Lenders by posting the
Communications on Intralinks 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 effected thereby
(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 affiliates or any of their respective officers, directors, employees, agents,
advisors or representatives (collectively, “Agent Parties”) have any
liability to the Credit 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 any Credit Party’s or the Administrative Agent’s
transmission of communications through the Platform.

     Section 9.3 No Waiver; Cumulative Remedies.

     No failure to exercise and no delay in exercising, on the part of the Administrative Agent or
any Lender, 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.

     Section 9.4 Survival of Representations and Warranties.

     All representations and warranties made hereunder and in any document, certificate or
statement delivered pursuant hereto or in connection herewith shall survive the execution and
delivery of this Agreement and the Notes and the making of the Loans; provided that all
such representations and warranties shall terminate on the date upon which the Commitments have
been terminated and all Credit Party Obligations have been paid in full.

     Section 9.5 Payment of Expenses and Taxes; Indemnity.

     (a) Costs and Expenses. The Credit Parties shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including
the reasonable fees, charges and disbursements of counsel for the Administrative Agent),

113

 

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 Credit Documents or any amendments, modifications or waivers of the provisions hereof
or thereof (whether or not the Transactions shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by the Issuing Lender and the Swingline Lender in connection
with the issuance, amendment, renewal or extension of any Letter of Credit or Swingline Loan
or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the
Administrative Agent, any Lender, the Issuing Lender or the Swingline Lender (including the
fees, charges and disbursements of any counsel for the Administrative Agent, any Lender, the
Swingline Lender or the Issuing Lender), any Lender, the Issuing Lender or the Swingline
Lender, in connection with the enforcement or protection of its rights (A) in connection
with this Agreement and the other Credit Documents, including its rights under this Section,
or (B) in connection with the Loans made or Letters of Credit issued hereunder, including
all such out-of-pocket expenses incurred during any workout, restructuring or negotiations
in respect of such Loans or Letters of Credit.

     (b) Indemnification by the Credit Parties. The Credit Parties shall indemnify
the Administrative Agent (and any sub-agent thereof), each Lender, the Issuing Lender and
the Swingline Lender, and each Related Party of any of the foregoing Persons (each such
Person being called an “Indemnitee”) against, and hold each Indemnitee harmless
from, any and all losses, claims, penalties, damages, liabilities and related expenses
(including the reasonable fees, charges and disbursements of any counsel for any
Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third
party or by the Borrower or any other Credit Party arising out of, in connection with, or as
a result of (i) the execution or delivery of this Agreement or any other Credit Document,
the performance by the parties hereto of their respective obligations hereunder or
thereunder or the consummation of the Transactions, (ii) any Loan or Letter of Credit or the
use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender
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 Materials of Environmental Concern on or
from any property owned or operated by any Credit Party or any of its Restricted
Subsidiaries, or any liability under Environmental Law related in any way to any Credit
Party or any of its Restricted Subsidiaries, or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a third party or by the Borrower or
any other Credit Party, and regardless of whether any Indemnitee is a party thereto, IN
ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE,
CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE, provided that no Indemnified
Party will have any right to indemnification for any of the foregoing to the extent
resulting from such Indemnified Party’s own gross negligence or willful misconduct as
determined by a final non-appealable judgment of a court of competent jurisdiction. This
section (b) shall not apply with respect to Taxes other than any Taxes that represent losses
or damages arising from non-Tax claim.

114

 

     (c) Reimbursement by Lenders. To the extent that the Credit Parties for any
reason fail to indefeasibly pay any amount required under paragraph (a) or (b) of this
Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the Issuing
Lender, Swingline Lender or any Related Party of any of the foregoing, each Lender severally
agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lender,
Swingline Lender or such Related Party, as the case may be, such Lender’s Revolving
Commitment 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),
the Issuing Lender or 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), Issuing
Lender or Swingline Lender in connection with such capacity.

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, none of the Credit Parties shall assert, and each of the Credit Parties
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 Credit Document or
any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of
Credit or the use of the proceeds thereof. No Indemnitee referred to in paragraph (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 Credit
Documents or the Transactions.

     (e) Payments. All amounts due under this Section shall be payable promptly/not
later than ten (10) days after demand therefor.

     (f) Survival. The agreements contained in this Section shall survive the
resignation of the Administrative Agent, the Swingline Lender and the Issuing Lender, the
replacement of any Lender, the termination of the Commitments and the repayment,
satisfaction or discharge of the Credit Party Obligations.

     Section 9.6 Successors and Assigns; Participations.

     (a) Successors and Assigns Generally. The provisions of this Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that neither the Borrower nor any other
Credit 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

115

 

restrictions of paragraph (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
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
Eligible Assignees all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Commitment and the Loans at the time owing to it);
provided that any such assignment shall be subject to the following conditions:

     (i) Minimum Amounts.

     (A) in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment and the Loans at the time owing to it or
contemporaneous assignments to related Approved Funds that equal at least
the amount specified in paragraph (b)(i)(B) or in the case of an assignment
to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount
need be assigned; and

     (B) in any case not described in paragraph (b)(i)(A) of this Section,
the aggregate amount of the 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, in
the case of any assignment in respect of any portion of the Revolving
Facility, 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, except that this clause (ii) shall not prohibit any Lender from assigning
all or a portion of its rights and obligations among separate Tranches on a non-pro
rata basis.

     (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:

116

 

     (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, 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 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 a Revolving Commitment if such assignment is to a Person that is
not a Lender with a Commitment in respect of such facility, an Affiliate of
such Lender or an Approved Fund with respect to such Lender; and

     (C) the consent of the Issuing Lender and Swingline Lender (such
consent not to be unreasonably withheld or delayed) shall be required for
assignments in respect of a Revolving Commitment.

     (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) any Credit Party or any Credit Party’s Affiliates or Subsidiaries or (B) 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.

     (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

117

 

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 (A) pay and satisfy in full all payment liabilities then
owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder
(and interest accrued thereon), and (B) 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 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 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 2.14 and 9.5 with respect to facts and circumstances occurring prior to the
effective date of such assignment. 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 Charlotte, North Carolina (or
another location selected by the Administrative Agent) a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal amounts of the Loans 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 may treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrower and any Lender, at any reasonable time and from time to time upon
reasonable prior notice; provided that a Lender shall only be entitled to inspect its own
entry in the Register and not that of any other Lender.

     (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 any Credit Party or any Credit Party’s Affiliates or

118

 

Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s
rights and/or obligations under this Agreement (including all or a portion of its Commitment
and/or the Loans 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 and the Lenders, Issuing Lender and Swingline Lender 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 Sections 2.16(d) and 8.7 with respect to any payments
made by such Lender to its Participant(s).

     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
requiring the approval of 100% of the Lenders. Subject to paragraph (e) of this Section,
the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.14
and 2.16 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 such Participant
agrees to be subject to Sections 2.16, 2.18 and 2.19 as if it were a Lender. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 9.7 as
though it were a Lender, provided such Participant agrees to be subject to Section 2.11 as
though it were a Lender. Each Lender that sells a participation shall, acting solely for
this purpose as a non-fiduciary agent of the Borrower, maintain a register in the United
States 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 Credit Documents (the “Participant Register”). 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.

     (e) Limitations Upon Participant Rights. A Participant shall not be entitled
to receive any greater payment under Sections 2.14 and 2.16 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 (such consent not to be unreasonably withheld or delayed).

     (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 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.

119

 

     Section 9.7 Right of Set-off; Sharing of Payments.

          (a) If an Event of Default shall have occurred and be continuing, each Lender, the
Issuing Lender, the Swingline Lender and each of their respective Affiliates is hereby
authorized at any time and from time to time, to the fullest extent permitted by applicable
law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in
whatever currency) at any time owing by such Lender, the Issuing Lender, the Swingline
Lender or any such Affiliate to or for the credit or the account of the Borrower or any
other Credit Party against any and all of the obligations of the Borrower or such Credit
Party which are not paid when due (including applicable grace periods) under this Agreement
or any other Credit Document to such Lender, the Swingline Lender or the Issuing Lender,
irrespective of whether or not such Lender, the Swingline Lender or the Issuing Lender shall
have made any demand under this Agreement or any other Credit Document and although such
obligations are owed to a branch or office of such Lender, the Swingline Lender or the
Issuing Lender different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender, the Swingline Lender, the Issuing Lender and their
respective Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that such Lender, the Swingline Lender, the Issuing
Lender or their respective Affiliates may have. Each Lender, the Swingline Lender and the
Issuing Lender 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.

          (b) 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’s 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 (i) notify the Administrative Agent of such fact,
and (ii) 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 paragraph 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), (y)

120

 

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 Letters
of Credit to any assignee or participant, other than to any Credit Party or
any Subsidiary thereof (as to which the provisions of this paragraph shall
apply) or (z) (1) any amounts applied by the Swingline Lender to outstanding
Swingline Loans and (2) any amounts received by the Issuing Lender and/or
Swingline Lender to secure the obligations of a Defaulting Lender to fund
risk participations hereunder.

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

     Section 9.8 Table of Contents and Section Headings.

     The table of contents and the Section and subsection headings herein are intended for
convenience only and shall be ignored in construing this Agreement.

     Section 9.9 Counterparts; Effectiveness; Electronic Execution.

     (a) Counterparts; 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. Except as provided in Section 4.1, this Agreement shall become effective when it
shall have been executed by the Borrower, the Guarantors, the Administrative Agent and the
Lenders and the Administrative Agent shall have received copies hereof and thereof
(facsimile or otherwise), and thereafter this Agreement shall be binding upon and inure to
the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and
their respective successors and permitted assigns. Delivery of an executed counterpart of a
signature page of this Agreement by facsimile or electronic mail 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 New York State Electronic Signatures and
Records Act, or any other similar state laws based on the Uniform Electronic Transactions
Act.

121

 

     Section 9.10 Severability.

     Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.

     Section 9.11 Integration.

     This Agreement and the other Credit Documents represent the agreement of the Borrower, the
other Credit Parties, the Administrative Agent and the Lenders with respect to the subject matter
hereof, and there are no promises, undertakings, representations or warranties by the
Administrative Agent, the Borrower, the other Credit Parties, or any Lender relative to the subject
matter hereof not expressly set forth or referred to herein or therein.

     Section 9.12 Governing Law.

     This Agreement and the other Loan Documents any claims, controversy or dispute arising out of
or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as
expressly set forth therein) shall be governed by, and construed in accordance with, the laws of
the State of New York.

     Section 9.13 Consent to Jurisdiction; Service of Process and Venue.

     (a) Consent to Jurisdiction. Each of the parties hereto irrevocably and
unconditionally submits, for itself and its property, to the exclusive jurisdiction of the
courts of the State 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 Credit Document, or for
recognition or enforcement of any judgment, and each of the parties hereto irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be
heard and determined in such New York sitting 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.

     (b) Service of Process. Each party hereto irrevocably consents to service of
process in the manner provided for notices in Section 9.2. Nothing in this Agreement will
affect the right of any party hereto to serve process in any other manner permitted by
applicable law.

     (c) Venue. Each party hereto 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 Credit Document in any court referred to in paragraph (b) of this

122

 

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.

     Section 9.14 Confidentiality.

     Each of the Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender
agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective
partners, directors, officers, employees, agents, advisors and other representatives (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential
nature of such Information and instructed to keep such Information confidential), (b) to the extent
requested by any regulatory authority purporting to have jurisdiction over it (including any
self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the
extent required by applicable laws or regulations or by any subpoena or similar legal process, (d)
to any other party hereto, (e) in connection with the exercise of any remedies hereunder, under any
other Credit Document or Bank Product or any action or proceeding relating to this Agreement, any
other Credit Document or Bank Product or the enforcement of rights hereunder or thereunder, (f)
subject to an agreement containing provisions substantially the same as those of this Section, to
any assignee of or Participant in, or any prospective assignee of or Participant in, any of its
rights or obligations under this Agreement, (g) (i) any actual or prospective party (or its
partners, directors, officers, employees, managers, administrators, trustees, agents, advisors or
other representatives) to any swap or derivative or similar transaction under which payments are to
be made by reference to the Borrower and its obligations, this Agreement or payments hereunder,
(ii) an investor or prospective investor in securities issued by an Approved Fund that also agrees
that Information shall be used solely for the purpose of evaluating an investment in such
securities issued by the Approved Fund, (iii) a trustee, collateral manager, servicer, backup
servicer, noteholder or secured party in connection with the administration, servicing and
reporting on the assets serving as collateral for securities issued by an Approved Fund, or (iv) a
nationally recognized rating agency that requires access to information regarding the Credit
Parties, the Loans and Credit Documents in connection with ratings issued in respect of securities
issued by an Approved Fund (in each case, 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), (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, the Swingline Lender, the Issuing
Lender or any of their respective Affiliates on a nonconfidential basis from a source other than
the Borrower.

     For purposes of this Section, “Information” shall mean all information received from
any Credit Party or any of its Subsidiaries relating to any Credit 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, the Swingline Lender or the Issuing Lender on a nonconfidential
basis prior to disclosure by any Credit Party or any of its Subsidiaries; provided that, in
the case of information received from any Credit Party or any of its Subsidiaries after the date
hereof, such information is clearly identified at the time of delivery as confidential. Any

123

 

Person required to maintain the confidentiality of Information as provided in this Section
shall be considered to have complied with its obligation to do so if such Person has exercised the
same degree of care to maintain the confidentiality of such Information as such Person would accord
to its own confidential information.

     Section 9.15 Acknowledgments.

     The Borrower and the other Credit Parties each hereby acknowledges that:

     (a) it has been advised by counsel in the negotiation, execution and delivery of each
Credit Document;

     (b) neither the Administrative Agent nor any Lender has any fiduciary relationship with
or duty to the Borrower or any other Credit Party arising out of or in connection with this
Agreement and the relationship between the Administrative Agent and the Lenders, on one
hand, and the Borrower and the other Credit Parties, on the other hand, in connection
herewith is solely that of creditor and debtor; and

     (c) no joint venture exists among the Lenders and the Administrative Agent or among the
Borrower, the Administrative Agent or the other Credit Parties and the Lenders.

     Section 9.16 Waivers of Jury Trial; Waiver of Consequential Damages.

     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 CREDIT 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 CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     Section 9.17 Patriot Act Notice.

     Each Lender and the Administrative Agent (for itself and not on behalf of any other party)
hereby notifies the Borrower that, pursuant to the requirements of the Patriot Act, it is required
to obtain, verify and record information that identifies the Borrower and the other Credit Parties,
which information includes the name and address of the Borrower and the other Credit Parties and
other information that will allow such Lender or the Administrative Agent, as

124

 

applicable, to identify the Borrower and the other Credit Parties in accordance with the
Patriot Act.

     Section 9.18 Resolution of Drafting Ambiguities.

     Each Credit Party acknowledges and agrees that it was represented by counsel in connection
with the execution and delivery of this Agreement and the other Credit Documents to which it is a
party, that it and its counsel reviewed and participated in the preparation and negotiation hereof
and thereof and that any rule of construction to the effect that ambiguities are to be resolved
against the drafting party shall not be employed in the interpretation hereof or thereof.

     Section 9.19 Continuing Agreement.

     This Credit Agreement shall be a continuing agreement and shall remain in full force and
effect until all Credit Party Obligations (other than those obligations that expressly survive the
termination of this Credit Agreement) have been paid in full and all Commitments and Letters of
Credit have been terminated. Upon termination, the Credit Parties shall have no further
obligations (other than those obligations that expressly survive the termination of this Credit
Agreement) under the Credit Documents and the Administrative Agent shall, at the request and
expense of the Borrower, deliver all the Collateral in its possession to the Borrower and release
all Liens on the Collateral; provided that should any payment, in whole or in part, of the
Credit Party Obligations be rescinded or otherwise required to be restored or returned by the
Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or
reorganization or otherwise, then the Credit Documents shall automatically be reinstated and all
Liens of the Administrative Agent shall reattach to the Collateral and all amounts required to be
restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender
in connection therewith shall be deemed included as part of the Credit Party Obligations.

     Section 9.20 Press Releases and Related Matters.

     The Credit Parties agree that they will not in the future issue any press releases or other
public disclosure using the name of Administrative Agent or any Lender or their respective
Affiliates and referring to this Agreement or any of the Credit Documents without the prior written
consent of such Person (such consent not to be unreasonably withheld), unless (and only to the
extent that) the Credit Parties are required to do so under law and then, in any event, the Credit
Parties will consult with such Person before issuing such press release or other public disclosure.
The Administrative Agent or any Lender may, with the prior written consent of the Borrower (not to
be unreasonably withheld), publish customary advertising material relating to the Transactions
using the name, product photographs, logo or trademark of the Credit Parties.

     Section 9.21 Appointment of Borrower.

     Each of the Guarantors hereby appoints the Borrower to act as its agent for all purposes under
this Agreement and agrees that (a) the Borrower may execute such documents on behalf of such
Guarantor as the Borrower deems appropriate in its sole discretion and each Guarantor shall

125

 

be obligated by all of the terms of any such document executed on its behalf, (b) any notice
or communication delivered by the Administrative Agent or the Lender to the Borrower shall be
deemed delivered to each Guarantor and (c) the Administrative Agent or the Lenders may accept, and
be permitted to rely on, any document, instrument or agreement executed by the Borrower on behalf
of each Guarantor.

     Section 9.22 No Advisory or Fiduciary Responsibility.

     In connection with all aspects of each Transaction, each of the Credit Parties acknowledges
and agrees, and acknowledges its Affiliates’ understanding, that: (a) the credit facility provided
for hereunder and any related arranging or other services in connection therewith (including in
connection with any amendment, waiver or other modification hereof or of any other Credit Document)
are an arm’s-length commercial transaction between the Credit Parties and their Affiliates, on the
one hand, and the Administrative Agent and WFS, on the other hand, and the Credit Parties are
capable of evaluating and understanding and understands and accepts the terms, risks and conditions
of the Transactions and by the other Credit Documents (including any amendment, waiver or other
modification hereof or thereof); (b) in connection with the process leading to such transaction,
the Administrative Agent and WFS each is and has been acting solely as a principal and is not the
financial advisor, agent or fiduciary, for any Credit Party or any of their Affiliates,
stockholders, creditors or employees or any other Person; (c) neither the Administrative Agent nor
WFS has assumed or will assume an advisory, agency or fiduciary responsibility in favor of any
Credit Party with respect to any of the Transactions or the process leading thereto, including with
respect to any amendment, waiver or other modification hereof or of any other Credit Document
(irrespective of whether the Administrative Agent or WFS has advised or is currently advising any
Credit Party or any of its Affiliates on other matters) and neither the Administrative Agent nor
WFS has any obligation to any Credit Party or any of their Affiliates with respect to the
Transactions except those obligations expressly set forth herein and in the other Credit Documents;
(d) the Administrative Agent and WFS and their respective Affiliates may be engaged in a broad
range of transactions that involve interests that differ from those of the Credit Parties and their
Affiliates, and neither the Administrative Agent nor WFS has any obligation to disclose any of such
interests by virtue of any advisory, agency or fiduciary relationship; and (e) the Administrative
Agent and WFS have not provided and will not provide any legal, accounting, regulatory or tax
advice with respect to any of the Transactions (including any amendment, waiver or other
modification hereof or of any other Credit Document) and the Credit Parties have consulted their
own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each
of the Credit Parties hereby waives and releases, to the fullest extent permitted by law, any
claims that it may have against the Administrative Agent or WFS with respect to any breach or
alleged breach of agency or fiduciary duty.

     Section 9.23 Responsible Officers.

     The Administrative Agent and each of the Lenders are authorized to rely upon the continuing
authority of the Responsible Officers with respect to all matters pertaining to the Credit
Documents including, but not limited to, the selection of interest rates, the submission of
requests for Extensions of Credit and certificates with regard thereto. Such authorization may be

126

 

changed only upon written notice to Administrative Agent accompanied by evidence, reasonably
satisfactory to Administrative Agent, of the authority of the Person giving such notice and such
notice shall be effective not sooner than five (5) Business Days following receipt thereof by
Administrative Agent (or such earlier time as agreed to by the Administrative Agent).

ARTICLE X

GUARANTY

     Section 10.1 The Guaranty.

     In order to induce the Lenders to enter into this Agreement and any Bank Product Provider to
enter into any Bank Product and to extend credit hereunder and thereunder and in recognition of the
direct benefits to be received by the Guarantors from the Extensions of Credit hereunder and any
Bank Product, each of the Guarantors hereby agrees with the Administrative Agent, the Lenders and
the Bank Product Provider as follows: each Guarantor hereby unconditionally and irrevocably
jointly and severally guarantees as primary obligor and not merely as surety the full and prompt
payment when due, whether upon maturity, by acceleration or otherwise, of any and all Credit Party
Obligations. If any or all of the Credit Party Obligations becomes due and payable hereunder or
under any Bank Product, each Guarantor unconditionally promises to pay such Credit Party
Obligations to the Administrative Agent, the Lenders, the Bank Product Providers, or their
respective order, on demand, together with any and all reasonable expenses which may be incurred by
the Administrative Agent or the Lenders in collecting any of such Credit Party Obligations. The
Guaranty set forth in this Article X is a guaranty of timely payment and not of collection.

     Notwithstanding any provision to the contrary contained herein or in any other of the Credit
Documents, to the extent the obligations of a Guarantor shall be adjudicated to be invalid or
unenforceable for any reason (including, without limitation, because of any applicable state or
federal law relating to fraudulent conveyances or transfers) then the obligations of each such
Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law
(whether federal or state and including, without limitation, the Bankruptcy Code).

     Section 10.2 Bankruptcy.

     Additionally, each of the Guarantors unconditionally and irrevocably guarantees jointly and
severally the payment of any and all Credit Party Obligations of the Borrower to the Lenders and
any Bank Product Provider whether or not due or payable by the Borrower upon the occurrence of any
Bankruptcy Event and unconditionally promises to pay such Credit Party Obligations to the
Administrative Agent for the account of the Lenders and to any such Bank Product Provider, or
order, on demand, in lawful money of the United States. Each of the Guarantors further agrees that
to the extent that the Borrower or a Guarantor shall make a payment or a transfer of an interest in
any property to the Administrative Agent, any Lender or any Bank Product Provider, which payment or
transfer or any part thereof is subsequently invalidated, declared to be fraudulent or
preferential, or otherwise is avoided, and/or required to

127

 

be repaid to the Borrower or a Guarantor, the estate of the Borrower or a Guarantor, a
trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or
equitable cause, then to the extent of such avoidance or repayment, the obligation or part thereof
intended to be satisfied shall be revived and continued in full force and effect as if said payment
had not been made.

     Section 10.3 Nature of Liability.

     The liability of each Guarantor hereunder is exclusive and independent of any security for or
other guaranty of the Credit Party Obligations of the Borrower whether executed by any such
Guarantor, any other guarantor or by any other party, and no Guarantor’s liability hereunder shall
be affected or impaired by (a) any direction as to application of payment by the Borrower or by any
other party, or (b) any other continuing or other guaranty, undertaking or maximum liability of a
guarantor or of any other party as to the Credit Party Obligations of the Borrower, or (c) any
payment on or in reduction of any such other guaranty or undertaking, or (d) any dissolution,
termination or increase, decrease or change in personnel by the Borrower, or (e) any payment made
to the Administrative Agent, the Lenders or any Bank Product Provider on the Credit Party
Obligations which the Administrative Agent, such Lenders or such Bank Product Provider repay the
Borrower pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or
other debtor relief proceeding, and each of the Guarantors waives any right to the deferral or
modification of its obligations hereunder by reason of any such proceeding.

     Section 10.4 Independent Obligation.

     The obligations of each Guarantor hereunder are independent of the obligations of any other
Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against
each Guarantor whether or not action is brought against any other Guarantor or the Borrower and
whether or not any other Guarantor or the Borrower is joined in any such action or actions.

     Section 10.5 Authorization.

     Each of the Guarantors authorizes the Administrative Agent, each Lender and each Bank Product
Provider without notice or demand (except as shall be required by applicable statute and cannot be
waived), and without affecting or impairing its liability hereunder, from time to time to (a)
renew, compromise, extend, increase, accelerate or otherwise change the time for payment of, or
otherwise change the terms of the Credit Party Obligations or any part thereof in accordance with
this Agreement and any Bank Product, as applicable, including any increase or decrease of the rate
of interest thereon, (b) take and hold Collateral from any Guarantor for the payment of this
Guaranty or the Credit Party Obligations and exchange, enforce or waive rights with respect to and
release any such Collateral, (c) apply such Collateral and direct the order or manner of sale
thereof as the Administrative Agent and the Lenders in their discretion may determine, (d) release
or substitute any one or more endorsers, Guarantors, the Borrower or other obligors and (e) to the
extent otherwise permitted herein, release or substitute any Collateral.

128

 

     Section 10.6 Reliance.

     It is not necessary for the Administrative Agent, the Lenders or any Bank Product Provider to
inquire into the capacity or powers of the Borrower or the officers, directors, members, partners
or agents acting or purporting to act on its behalf, and any Credit Party Obligations made or
created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.

     Section 10.7 Waiver.

     (a) Each of the Guarantors waives any right (except as shall be required by applicable
statute and cannot be waived) to require the Administrative Agent, any Lender or any Bank
Product Provider to (i) proceed against the Borrower, any other guarantor or any other
party, (ii) proceed against or exhaust any security held from the Borrower, any other
guarantor or any other party, or (iii) pursue any other remedy of the Administrative Agent,
any Lender or any Bank Product Provider whatsoever. Each of the Guarantors waives any
defense based on or arising out of any defense of the Borrower, any other guarantor or any
other party other than payment in full of the Credit Party Obligations (other than
contingent indemnification obligations), including, without limitation, any defense based on
or arising out of the disability of the Borrower, any other guarantor or any other party, or
the unenforceability of the Credit Party Obligations or any part thereof from any cause, or
the cessation from any cause of the liability of the Borrower other than payment in full of
the Credit Party Obligations. The Administrative Agent may, at its election, foreclose on
any security held by the Administrative Agent or a Lender by one or more judicial or
nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable
(to the extent such sale is permitted by applicable law), or exercise any other right or
remedy the Administrative Agent or any Lender may have against the Borrower or any other
party, or any security, without affecting or impairing in any way the liability of any
Guarantor hereunder except to the extent the Credit Party Obligations have been paid in full
and the Commitments have been terminated. Each of the Guarantors waives any defense arising
out of any such election by the Administrative Agent or any of the Lenders, even though such
election operates to impair or extinguish any right of reimbursement or subrogation or other
right or remedy of the Guarantors against the Borrower or any other party or any security.

     (b) Each of the Guarantors waives all presentments, demands for performance, protests
and notices, including, without limitation, notices of nonperformance, notice of protest,
notices of dishonor, notices of acceptance of this Guaranty, and notices of the existence,
creation or incurrence of new or additional Credit Party Obligations. Each Guarantor
assumes all responsibility for being and keeping itself informed of the Borrower’s financial
condition and assets, and of all other circumstances bearing upon the risk of nonpayment of
the Credit Party Obligations and the nature, scope and extent of the risks which such
Guarantor assumes and incurs hereunder, and agrees that neither the Administrative Agent nor
any Lender shall have any duty to advise such Guarantor of information known to it regarding
such circumstances or risks.

129

 

     (c) Each of the Guarantors hereby agrees it will not exercise any rights of subrogation
which it may at any time otherwise have as a result of this Guaranty (whether contractual,
under Section 509 of the U.S. Bankruptcy Code, or otherwise) to the claims of the Lenders or
any Bank Product Provider against the Borrower or any other guarantor of the Credit Party
Obligations of the Borrower owing to the Lenders or such Bank Product Provider
(collectively, the “Other Parties”) and all contractual, statutory or common law
rights of reimbursement, contribution or indemnity from any Other Party which it may at any
time otherwise have as a result of this Guaranty until such time as the Credit Party
Obligations shall have been paid in full and the Commitments have been terminated. Each of
the Guarantors hereby further agrees not to exercise any right to enforce any other remedy
which the Administrative Agent, the Lenders or any Bank Product Provider now have or may
hereafter have against any Other Party, any endorser or any other guarantor of all or any
part of the Credit Party Obligations of the Borrower and any benefit of, and any right to
participate in, any security or collateral given to or for the benefit of the Lenders and/or
the Bank Product Providers to secure payment of the Credit Party Obligations of the Borrower
until such time as the Credit Party Obligations (other than contingent indemnification
obligations) shall have been paid in full and the Commitments have been terminated.

     Section 10.8 Limitation on Enforcement.

     The Lenders and the Bank Product Providers agree that this Guaranty may be enforced only by
the action of the Administrative Agent acting upon the instructions of the Required Lenders or such
Bank Product Provider (only with respect to obligations under the applicable Bank Product) and that
no Lender or Bank Product Provider shall have any right individually to seek to enforce or to
enforce this Guaranty, it being understood and agreed that such rights and remedies may be
exercised by the Administrative Agent for the benefit of the Lenders under the terms of this
Agreement and for the benefit of any Bank Product Provider under any Bank Product.

     Section 10.9 Confirmation of Payment.

     The Administrative Agent and the Lenders will, upon request after payment of the Credit Party
Obligations which are the subject of this Guaranty and termination of the Commitments relating
thereto, confirm to the Borrower, the Guarantors or any other Person that such indebtedness and
obligations have been paid and the Commitments relating thereto terminated, subject to the
provisions of Section 10.2.

[Signature Pages Follow]

130

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by its proper and duly authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 

	BORROWER:	 	EZCORP, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	GUARANTORS:	 	EZPAWN HOLDINGS, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 

	 	 	 	 	 	 	 

	 	 	TEXAS EZPAWN MANAGEMENT, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	TEXAS EZPAWN, L.P.,
a Texas limited partnership
By: TEXAS EZPAWN MANAGEMENT, INC.,

        its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 

 

 

	 	 	 	 	 	 	 

	 	 	EZCORP ONLINE, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN MEXICO HOLDINGS, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	EZPAWN MEXICO LTD., INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	VALUE FINANCIAL SERVICES, INC.,
a Florida corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	VFS MEXICO OPERATIONS, LLC, a Florida limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 

 

 

	 	 	 	 	 	 	 

	 	 	VFS MEXICO SERVICES, LLC, a Florida limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN ALABAMA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN LOUISIANA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	EZPAWN COLORADO, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN NEVADA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 

 

 

	 	 	 	 	 	 	 

	 	 	EZPAWN OKLAHOMA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN ARKANSAS, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN FLORIDA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN INDIANA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	EZPAWN TENNESSEE, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 

 

 

	 	 	 	 	 	 	 

	 	 	EZPAWN GEORGIA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN ILLINOIS, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZMONEY MANAGEMENT, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	TEXAS PRA MANAGEMENT, L.P.,
a Texas limited partnership

By: EZMONEY MANAGEMENT, INC.,

       its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 	 	EZMONEY HOLDINGS, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and

Chief Accounting Officer
	 	 
	 

	 	 	 	 
	 	 

 

 

	 	 	 	 	 	 	 

	 	 	PAYDAY LOAN MANAGEMENT, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 
	 	 	TEXAS EZMONEY, L.P.,
a Texas limited partnership	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	PAYDAY
LOAN MANAGEMENT, INC., its general partner	 	 
	 
	 

	 	 	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 
	 	 	EZMONEY COLORADO, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 
	 	 	EZMONEY UTAH, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 
	 
	 	 	 	 	 	 
	 	 	EZMONEY NEBRASKA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 

	 	 	EZMONEY KANSAS, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 
	 	 	EZMONEY WISCONSIN INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and 
Chief Accounting Officer
	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	EZMONEY ALABAMA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism
	 	 
	 

	 	Title:
	 	Vice President and 
Chief Accounting Officer
	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	EZMONEY MISSOURI, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and 
Chief Accounting Officer
	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 
	 	 	EZMONEY SOUTH DAKOTA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and 
Chief Accounting Officer
	 	 

 

 

	 	 	 	 	 	 	 

	 	 	EZMONEY IDAHO, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and 
Chief Accounting Officer
	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 
	 	 	EZMONEY CANADA, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and 
Chief Accounting Officer
	 	 
	 

	 	 	 		 	 
	 
	 	 	EZCORP INTERNATIONAL, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and Controller	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 
	 	 	EZCORP INTERNATIONAL HOLDINGS, L.L.C.,
a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 
	 	 	EZPAWN UTAH, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism 	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 	 

 

 

	 	 	 	 	 	 	 

	 	 	EZPAWN WISCONSIN, INC.,
a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 	 
	 
	 	 	 	 	 	 
	 	 	MM MERGER SUB, INC.,
a Colorado corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel M. Chism	 	 
	 

	 	Name:
	 	Daniel M. Chism	 	 
	 

	 	Title:
	 	Vice President and
Chief Accounting Officer	 	 
	 

	 	 	 		 	 

 

 

	 	 	 	 	 	 	 

	ADMINISTRATIVE AGENT:	 	WELLS FARGO BANK, NATIONAL
ASSOCIATION, as a Lender and as
Administrative Agent
on behalf of the Lenders	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/
Michael Brewer	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	Michael Brewer	 	 
	 

	 	Title:	 	Vice President	 	 

 

 

	 	 	 	 	 	 	 

	LENDER:	 	COMPASS BANK, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ D. Sowards	 	 
	 

	 	Name:
	 	Debbie Sowards
	 	 
	 

	 	Title:	 	Sr. Vice President	 	 

 

 

	 	 	 	 	 	 	 

	LENDER:	 	AMEGY BANK, N.A., as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Monica Libbey	 	 
	 

	 	Name:
	 	Monica Libbey	 	 
	 

	 	Title:	 	Vice President	 	 

 

 

	 	 	 	 	 	 	 

	LENDER:	 	BOKF, N.A. doing business as Bank of Texas,
as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/
Alan
Morris	 	 
	 

	 	Name:
	 	Alan
Morris	 	 
	 

	 	Title:	 	Vice President	 	 

 

 

	 	 	 	 	 	 	 

	LENDER:	 	U.S. BANK NATIONAL ASSOCIATION, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/
Kenneth R. Fieler	 	 
	 

	 	Name:
	 	Kenneth R. Fieler	 	 
	 

	 	Title:	 	Assistant Vice President

U.S. Bank, N.A.	 	 

 

 

[SCHEDULES AND EXHIBIT OMITTED]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}]]