Document:

Exhibit 10.2

 

10.2 - Form of Participant
Award Agreement (Restricted Stock) under 1999 Equitable Resources, Inc.
Long-Term Incentive Plan (amended and restated October 20, 2004)

 

All restricted stock grants are
made pursuant to an award agreement substantially as follows:

 

PARTICIPANT
AWARD AGREEMENT

 

[DATE]

 

[NAME AND ADDRESS]

 

 

Dear [NAME]:

 

Pursuant to the terms and
conditions of the Company’s 1999 Long-Term Incentive Plan (the “Plan”), the
Compensation Committee of the Board of Directors of Equitable Resources, Inc.
granted you a Restricted Stock Award (the “Award”) for shares of the Company’s
common stock as outline below.

 

Shares
Granted:

Grant Date:

Vesting Schedule: [100% after three years] or [1/3 per year for 3
years]

 

The employee shall be entitled
to vote the restricted shares, and dividends issued with respect to such shares
shall be invested in additional shares of common stock and added to the
original shares, subject to the same restrictions as the shares originally
awarded.

 

In the event of a change of
control as defined in the Plan, all shares, including reinvested dividend
shares, will immediately vest without restriction.  In the event of termination of employment for
any reason prior to [day prior to 100% vesting], including death, disability or
retirement, all unvested restriction shares, including reinvested dividend
shares, shall be forfeited, except that, if termination is involuntary and
without fault on the part of the employee (but not including termination
resulting from death or disability), the shares will vest on [last day of
vesting] as follows (including a proportional amount of reinvested dividend
shares):

 

	
  Termination
  Date

  	
   

  	
  Percent Vested

  	
   

  
	
  [first year]

  	
   

  	
  0

  	
  %

  
	
  [second
  year]

  	
   

  	
  25

  	
  %

  
	
  [third year]

  	
   

  	
  50

  	
  %

  

 

 

The employee may satisfy tax withholding obligations
with respect to the award by directing the company to (i) withhold that number
of shares which would otherwise be issued upon vesting to satisfy the minimum
required statutory tax withholding obligations, and (ii) accept delivery of
previously owned shares to satisfy such tax withholding; provided that if such
withholding is in excess of the minimum statutory rate, such shares must have
been held by the employee for at least six months.

 

 

	
   

  	
   

  
	
   

  	
  Johanna G. O’Loughlin

  
	
   

  	
  For the Compensation Committee

  

 

By my signature below, I hereby
acknowledge receipt of this Award granted on the date shown above, which has
been issued to me under the terms and conditions of the Plan. I further
acknowledge receipt of the copy of the Plan and agree to conform to all of the
terms and conditions of the Award and the Plan.

 

 

	
  Signature:

  	
   

  	
   

  	
  Date:Exhibit 10.3

 

10.3 - Form of Participant
Award Agreement (Stock Option) under 1999 Equitable Resources, Inc. Long-Term
Incentive Plan (amended and restated October 20, 2004)

 

All stock option grants are
made pursuant to an award agreement substantially as follows:

 

[DATE]

 

[NAME AND ADDRESS]

 

 

Dear [NAME]:

 

Pursuant to the terms and
conditions of the Company’s 1999 Long-Term Incentive Plan (the “Plan”), the
Compensation Committee of the Board of Directors of Equitable Resources, Inc.
granted you a Non-Qualified Stock Option (the “Option”) to purchase shares of
the Company’s common stock as outlined below.

 

Options
Granted

Grant Date:

Option Price
Per Share:

Expiration
Date:

Vesting Schedule:                                [1/3
per year for three years]

 

Upon termination of employment
for cause or in the event of a voluntary termination, all unvested and
unexercised vested options are forfeited immediately.  Upon termination of employment for any other
reason, all unvested options are forfeited and unexercised vested options are
forfeited unless exercised within 90 days of the termination date (except in
the event of an employee’s death, in which case the post-termination exercise
period will be one year).

 

The employee may satisfy tax
withholding obligations with respect to the award by directing the company
to  (i) 
withhold that number of shares which would otherwise be issued upon
vesting to satisfy the minimum required statutory tax withholding obligations,
and  (ii) 
accept delivery of previously owned shares to satisfy such tax withholding;  provided that if such withholding is in
excess of the minimum statutory rate, such shares must have been held by the
employee for at least six months.

 

One Reload Right as described
in the plan has been awarded for each option awarded under the 1999 Plan.

 

 

	
   

  	
   

  
	
   

  	
  Johanna G. O’Loughlin

  
	
   

  	
  For the Compensation Committee

  

 

 

By my signature below, I hereby
acknowledge receipt of this Option granted on the date shown above, which has
been issued to me under the terms and conditions of the Plan.  I further acknowledge receipt of the copy of
the Plan and agree to conform to all of the terms and conditions of the Option
and the Plan.

 

 

	
  Signature:

  	
   

  	
   

  	
  Date:Exhibit 10.4

 

10.4 - Form of Participant
Award Agreement under the Equitable Resources, Inc. 2002 Executive Performance
Incentive Program (as amended and restated May 1, 2003 and April 13, 2004.)

 

All grants were made pursuant
to an award agreement substantially as follows:

 

[DATE]

 

[NAME AND ADDRESS]

 

 

Dear [NAME]:

 

Pursuant to the terms and
conditions of the Company’s 1999 Long-Term Incentive Plan (the “Plan”) and the
2002 Executive Performance Incentive Program (the “Program”), on
December 4, 2002, the Compensation Committee of the Board of Directors of
Equitable Resources, Inc. (the “Committee”) granted you                Target Share Units (the “Award”), the
value of which is determined by reference to the Company’s common stock.  The terms and conditions of the Award,
including, without limitation, vesting and distribution, shall be governed by
the provisions of the Program document attached hereto as Exhibit A, provided
that the Committee retains the discretion to distribute the Award in cash,
Company stock or any combination thereof.

 

 

	
   

  	
   

  	
   

  
	
   

  	
  Johanna G. O’Loughlin

  	
   

  
	
   

  	
  For the Compensation Committee

  	
   

  

 

The undersigned hereby
acknowledges receipt of this award granted on the date shown above, the terms
of which are subject to the terms and conditions of the Program as referenced
above.  The undersigned further
acknowledges receipt of a copy of the Program document and agrees to be bound
by all the provisions hereof and thereof.

 

 

	
  Signature:

  	
   

  	
   

  	
  Date:Exhibit 10.5

 

10.5 - Form of Participant
Award Agreement under the Equitable Resources, Inc. 2003 Executive Performance
Incentive Program (as amended and restated April 13, 2004)

 

All grants were made pursuant
to an award agreement substantially as follows:

 

[DATE]

 

[NAME AND ADDRESS]

 

 

Dear [NAME]:

 

Pursuant to the terms and
conditions of the Company’s 1999 Long-Term Incentive Plan (the “Plan”) and the
2003 Executive Performance Incentive Program (the “Program”), on
February 27, 2003, the Compensation Committee of the Board of Directors of
Equitable Resources, Inc. (the “Committee”) granted you             
Target Share Units (the “Award”), the value of which is determined
by reference to the Company’s common stock. 
The terms and conditions of the Award, including, without limitation,
vesting and distribution, shall be governed by the provisions of the Program
document attached hereto as Exhibit A, provided that the Committee retains the
discretion to distribute the Award in cash, Company stock or any combination
thereof.

 

 

	
   

  	
   

  	
   

  
	
   

  	
  Johanna G. O’Loughlin

  	
   

  
	
   

  	
  For the Compensation Committee

  	
   

  

 

The undersigned hereby
acknowledges receipt of this award granted on the date shown above, the terms
of which are subject to the terms and conditions of the Program as referenced
above and agrees to accept it and the new option schedule in substitution for
the option program set forth in Exhibit A. 
The undersigned further acknowledges receipt of a copy of the Program
document and agrees to be bound by all the provisions hereof and thereof.

 

 

	
  Signature:

  	
   

  	
   

  	
  Date:EXHIBIT 10(j)

 

CREDIT
AGREEMENT DATED SEPTEMBER 2, 2004

 

CREDIT AGREEMENT

 

DATED AS OF SEPTEMBER 2, 2004

 

AMONG

 

BEMIS COMPANY, INC.,

 

VARIOUS SUBSIDIARIES THEREOF,

 

THE LENDERS PARTY HERETO,

 

BANK ONE, NA,

AS ADMINISTRATIVE AGENT,

 

WACHOVIA BANK, N.A.,

AS SYNDICATION AGENT,

 

AND

 

U.S. BANK NATIONAL ASSOCIATION

AND

WELLS FARGO BANK, N.A.,

AS CO-DOCUMENTATION AGENTS

 

 

J.P. MORGAN SECURITIES INC.

AND

WACHOVIA CAPITAL MARKETS, LLC

CO-LEAD ARRANGERS AND JOINT BOOK RUNNERS

 

 

TABLE OF
CONTENTS

 

	
  ARTICLE I                                                  DEFINITIONS
  AND INTERPRETATION

  	
   

  
	
  1.1.

  	
  Definitions

  	
   

  
	
  1.2.

  	
  Interpretation

  	
   

  
	
  ARTICLE II                                              THE
  CREDITS

  	
   

  
	
  2.1.

  	
  Commitment

  	
   

  
	
  2.2.

  	
  Determination of Dollar
  Amounts

  	
   

  
	
  2.3.

  	
  Ratable Loans

  	
   

  
	
  2.4.

  	
  Types of Advances

  	
   

  
	
  2.5.

  	
  Fees; Changes in
  Aggregate Commitment

  	
   

  
	
  2.6.

  	
  Minimum Amount of Each
  Advance

  	
   

  
	
  2.7.

  	
  Payments and Prepayments

  	
   

  
	
  2.8.

  	
  Method
  of Selecting Types and Interest Periods for New Advances

  	
   

  
	
  2.9.

  	
  Conversion
  and Continuation of Outstanding Advances

  	
   

  
	
  2.10.

  	
  Method of Borrowing

  	
   

  
	
  2.11.

  	
  Changes in Interest Rate,
  etc

  	
   

  
	
  2.12.

  	
  Rates Applicable After
  Default

  	
   

  
	
  2.13.

  	
  Method of Payment

  	
   

  
	
  2.14.

  	
  Noteless
  Agreement; Evidence of Indebtedness

  	
   

  
	
  2.15.

  	
  Telephonic Notices

  	
   

  
	
  2.16.

  	
  Interest
  Payment Dates; Interest and Fee Basis

  	
   

  
	
  2.17.

  	
  Notification
  of Advances, Interest Rates, Prepayments and Commitment Reductions

  	
   

  
	
  2.18.

  	
  Letters of Credit

  	
   

  
	
  2.19.

  	
  Lending Installations

  	
   

  
	
  2.20.

  	
  Non-Receipt
  of Funds by the Administrative Agent

  	
   

  
	
  2.21.

  	
  Market Disruption

  	
   

  
	
  2.22.

  	
  Judgment Currency

  	
   

  
	
  2.23.

  	
  Borrowing
  Subsidiaries; Company as agent for Borrowing Subsidiaries

  	
   

  
	
  2.24.

  	
  Effect of
  Participation Funding Notice

  	
   

  
	
  2.25.

  	
  Funding of
  Participations in Dollars

  	
   

  

 

i

 

	
  ARTICLE III                                          YIELD
  PROTECTION; TAXES

  	
   

  
	
  3.1.

  	
  Yield Protection

  	
   

  
	
  3.2.

  	
  Availability of Types
  of Advances

  	
   

  
	
  3.3.

  	
  Funding Indemnification

  	
   

  
	
  3.4.

  	
  Taxes

  	
   

  
	
  3.5.

  	
  Lender
  Statements; Survival of Indemnity

  	
   

  
	
  ARTICLE IV                                          CONDITIONS
  PRECEDENT

  	
   

  
	
  4.1.

  	
  Initial Credit Extension

  	
   

  
	
  4.2.

  	
  Each Credit Extension

  	
   

  
	
  4.3.

  	
  Initial Loans
  to a Borrowing Subsidiary

  	
   

  
	
  ARTICLE V                                              REPRESENTATIONS
  AND WARRANTIES

  	
   

  
	
  5.1.

  	
  Corporate Existence and
  Power

  	
   

  
	
  5.2.

  	
  Corporate Authorization

  	
   

  
	
  5.3.

  	
  Binding Effect

  	
   

  
	
  5.4.

  	
  Financial Statements

  	
   

  
	
  5.5.

  	
  Litigation and
  Contingent Liabilities

  	
   

  
	
  5.6.

  	
  Taxes

  	
   

  
	
  5.7.

  	
  Governmental and other
  Approvals

  	
   

  
	
  5.8.

  	
  Compliance with ERISA

  	
   

  
	
  5.9.

  	
  Environmental Matters

  	
   

  
	
  5.10.

  	
  Ownership of Properties;
  Liens

  	
   

  
	
  5.11.

  	
  Subsidiaries

  	
   

  
	
  5.12.

  	
  Investment Company Act

  	
   

  
	
  5.13.

  	
  Regulation U

  	
   

  
	
  5.14.

  	
  Accuracy of Disclosure

  	
   

  
	
  5.15.

  	
  No Burdensome Restrictions

  	
   

  
	
  ARTICLE VI                                          COVENANTS

  	
   

  
	
  6.1.

  	
  Financial Statements

  	
   

  
	
  6.2.

  	
  Maintenance of Existence

  	
   

  
	
  6.3.

  	
  Books
  and Records; Maintenance of Properties; Inspections

  	
   

  

 

ii

 

	
  6.4.

  	
  Compliance
  with Laws and Contractual Obligations

  	
   

  
	
  6.5.

  	
  Notice of Proceedings

  	
   

  
	
  6.6.

  	
  Use of Proceeds

  	
   

  
	
  6.7.

  	
  Payment of Taxes

  	
   

  
	
  6.8.

  	
  Insurance

  	
   

  
	
  6.9.

  	
  Maximum
  Consolidated Debt to Total Capital Ratio

  	
   

  
	
  6.10.

  	
  Minimum Consolidated Net
  Worth

  	
   

  
	
  6.11.

  	
  Liens

  	
   

  
	
  6.12.

  	
  Consolidations,
  Mergers and Sales of Assets

  	
   

  
	
  6.13.

  	
  Transactions with
  Affiliates

  	
   

  
	
  6.14.

  	
  Business

  	
   

  
	
  6.15.

  	
  Burdensome Agreements

  	
   

  
	
  ARTICLE VII                                      DEFAULTS

  	
   

  
	
  ARTICLE VIII                                  ACCELERATION,
  WAIVERS, AMENDMENTS AND REMEDIES

  	
   

  
	
  8.1.

  	
  Acceleration

  	
   

  
	
  8.2.

  	
  Amendments

  	
   

  
	
  8.3.

  	
  Preservation of Rights

  	
   

  
	
  ARTICLE IX                                         GENERAL
  PROVISIONS

  	
   

  
	
  9.1.

  	
  Survival of Representations

  	
   

  
	
  9.2.

  	
  Governmental Regulation

  	
   

  
	
  9.3.

  	
  Headings

  	
   

  
	
  9.4.

  	
  Entire Agreement

  	
   

  
	
  9.5.

  	
  Several
  Obligations; Benefits of this Agreement

  	
   

  
	
  9.6.

  	
  Expenses; Indemnification

  	
   

  
	
  9.7.

  	
  Numbers of Documents

  	
   

  
	
  9.8.

  	
  Accounting

  	
   

  
	
  9.9.

  	
  Severability of Provisions

  	
   

  
	
  9.10.

  	
  Nonliability of Lenders

  	
   

  
	
  9.11.

  	
  Confidentiality

  	
   

  
	
  9.12.

  	
  Nonreliance

  	
   

  

 

iii

 

	
  9.13.

  	
  Disclosure

  	
   

  
	
  9.14.

  	
  USA PATRIOT
  ACT NOTIFICATION

  	
   

  
	
  ARTICLE X                                             THE
  ADMINISTRATIVE AGENT

  	
   

  
	
  10.1.

  	
  Appointment; Nature
  of Relationship

  	
   

  
	
  10.2.

  	
  Powers

  	
   

  
	
  10.3.

  	
  General Immunity

  	
   

  
	
  10.4.

  	
  No
  Responsibility for Loans, Recitals, etc

  	
   

  
	
  10.5.

  	
  Action on
  Instructions of Lenders

  	
   

  
	
  10.6.

  	
  Employment of Agents
  and Counsel

  	
   

  
	
  10.7.

  	
  Reliance on Documents;
  Counsel

  	
   

  
	
  10.8.

  	
  Agent’s
  Reimbursement and Indemnification

  	
   

  
	
  10.9.

  	
  Notice of Default

  	
   

  
	
  10.10.

  	
  Rights as a Lender

  	
   

  
	
  10.11.

  	
  Lender Credit Decision

  	
   

  
	
  10.12.

  	
  Successor Agent

  	
   

  
	
  10.13.

  	
  Agent and Arranger Fees

  	
   

  
	
  10.14.

  	
  Delegation to Affiliates

  	
   

  
	
  10.15.

  	
  Other Agents

  	
   

  
	
  ARTICLE XI                                         SETOFF;
  RATABLE PAYMENTS

  	
   

  
	
  11.1.

  	
  Setoff

  	
   

  
	
  11.2.

  	
  Sharing of Payments

  	
   

  
	
  ARTICLE XII                                     ASSIGNMENTS;
  PARTICIPATIONS; ETC

  	
   

  
	
  12.1.

  	
  Successors and Assigns

  	
   

  
	
  12.2.

  	
  Dissemination of
  Information

  	
   

  
	
  12.3.

  	
  Tax Treatment

  	
   

  
	
  ARTICLE XIII                                 NOTICES

  	
   

  
	
  13.1.

  	
  Notices;
  Effectiveness; Electronic Communication

  	
   

  
	
  ARTICLE XIV                                 COUNTERPARTS;
  INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION

  	
   

  
	
  14.1.

  	
  Counterparts; Effectiveness

  	
   

  
	
  14.2.

  	
  Electronic
  Execution of Assignments

  	
   

  

 

iv

 

	
  ARTICLE XV                                     GUARANTY
  BY THE COMPANY

  	
   

  
	
  15.1.

  	
  Guaranty

  	
   

  
	
  15.2.

  	
  Guaranty Unconditional

  	
   

  
	
  15.3.

  	
  Discharge
  only upon Payment in Full; Reinstatement in Certain Circumstances

  	
   

  
	
  15.4.

  	
  Waiver by the Company

  	
   

  
	
  15.5.

  	
  Subrogation

  	
   

  
	
  15.6.

  	
  Stay of Acceleration

  	
   

  
	
  ARTICLE XVI                                 CHOICE
  OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL

  	
   

  
	
  16.1.

  	
  CHOICE OF LAW

  	
   

  
	
  16.2.

  	
  CONSENT TO JURISDICTION

  	
   

  
	
  16.3.

  	
  WAIVER OF JURY TRIAL

  	
   

  

 

	
  PRICING
  SCHEDULE

  
	
   

  	
   

  
	
  EXHIBIT A

  	
  COMPLIANCE CERTIFICATE

  
	
  EXHIBIT B

  	
  ASSIGNMENT AND ASSUMPTION

  
	
  EXHIBIT C

  	
  LOAN/CREDIT RELATED MONEY TRANSFER
  INSTRUCTION

  
	
  EXHIBIT D

  	
  NOTE

  
	
  EXHIBIT E

  	
  ASSOCIATED COSTS RATE

  
	
  EXHIBIT F

  	
  INCREASE REQUEST

  
	
  EXHIBIT G-1

  	
  BORROWING SUBSIDIARY AGREEMENT

  
	
  EXHIBIT G-2

  	
  BORROWING SUBSIDIARY TERMINATION

  

 

v

 

CREDIT AGREEMENT

 

This Credit Agreement dated as of September 2, 2004 is among Bemis
Company, Inc., a Missouri corporation (together with its successors and
assigns, the “Company”), the subsidiaries of the Company which from time to
time become parties hereto pursuant to Section 2.23 (each a “Borrowing
Subsidiary” and collectively the “Borrowing Subsidiaries”), the Lenders,
Wachovia Bank, N.A., as Syndication Agent, U.S. Bank National Association and
Wells Fargo Bank, N.A., as Co-Documentation Agents, and Bank One, NA, a
national banking association, as Administrative Agent.  The parties hereto agree as follows:

 

ARTICLE I

DEFINITIONS AND INTERPRETATION

 

1.1.                              Definitions. 
As used in this Agreement:

 

“Administrative Agent” means Bank One in its capacity as contractual
representative of the Lenders pursuant to Article X, and not in its
individual capacity as a Lender, and any successor Administrative Agent
appointed pursuant to Article X.

 

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

 

“Advance” means a Domestic Advance or a Multicurrency Advance, as the
context requires.

 

“Affiliate” of any Person means any other Person directly or indirectly
controlling, controlled by or under common control with such Person.  A Person shall be deemed to control another
Person if the controlling Person owns 10% or more of any class of voting
securities (or other ownership interests) of the controlled Person or
possesses, directly or indirectly, the power to direct or cause the direction
of the management or policies of the controlled Person, whether through
ownership of stock, by contract or otherwise.

 

“Aggregate Commitment” means the aggregate of the Commitments of all
the Lenders, as changed from time to time pursuant to the terms hereof.

 

“Aggregate Outstanding Credit Exposure” means, at any time, the
aggregate of the Outstanding Credit Exposure of all Lenders.

 

“Agreed Currencies” means (i) Dollars, (ii) so long as such currencies
remain Eligible Currencies, British Pounds Sterling and Euro and (iii) any
other Eligible Currency that a Borrower requests the Administrative Agent to
include as an Agreed Currency hereunder and which is acceptable to all Lenders
(or, in the case of Loans to any Borrowing Subsidiary, all Lenders that have
agreed to make Loans to such Borrowing Subsidiary).

 

“Agreement” means this credit agreement.

 

1

 

“Alternate Base Rate” means, for any day, a rate of interest per annum
equal to the highest of (i) the Prime Rate for such day, (ii) the secondary
market rate for three-month certificates of deposit (adjusted for statutory
reserve requirements) as of such day and (iii) the sum of the Federal Funds
Effective Rate for such day plus 1/2% per annum.

 

“Applicable Margin” means, with respect to Advances of any Type at any
time, the percentage rate per annum which is applicable at such time with
respect to Advances of such Type as set forth in the Pricing Schedule.

 

“Approximate Equivalent Amount” of any currency with respect to any
amount of Dollars shall mean the Equivalent Amount of such currency with
respect to such amount of Dollars on or as of such date, rounded up to the
nearest amount of such currency as determined by the Administrative Agent from
time to time.

 

“Arrangers” means JPMorgan and Wachovia, Capital Markets, LLC and their
respective successors, in their capacities as Co-Lead Arrangers and Joint Book
Runners.

 

“Assignment and Assumption” means an assignment and assumption entered
into by a Lender and an assignee (with the consent of any party whose consent
is required by Section 12.1(b)), and accepted by the Administrative
Agent, in the form of Exhibit B or any other form approved by the
Administrative Agent.

 

“Associated Costs Rate” is defined in Exhibit E.

 

“Authorized Officer” means any of the chief executive officer, the
chief financial officer, any vice president, the controller or the treasurer of
the Company, or any other officer of the Company from time to time designated
by any of the foregoing officers of the Company, in each case acting singly.

 

“Bank One” means Bank One, NA, a national banking association having
its principal office in Chicago, Illinois, in its individual capacity, and its
successors.

 

“Borrower” means any of the Company and the Borrowing Subsidiaries.

 

“Borrowing Date” means a date on which an Advance is made hereunder.

 

“Borrowing Notice” is defined in Section 2.8.

 

“Borrowing Subsidiary” is defined in the preamble.

 

“Borrowing Subsidiary Agreement” means an agreement substantially in
the form of Exhibit G-1.

 

“BSub Commitment” means, for any Lender with respect to any Borrowing
Subsidiary, the obligation of such Lender to make Multicurrency Loans to such
Borrowing Subsidiary.  The amount of the
BSub Commitment of any Lender to any Borrowing Subsidiary shall be equal to
such Lender’s Pro Rata Share of the Aggregate Commitment (or such lesser amount
as may be permitted by this Agreement or the applicable Borrowing Subsidiary
Agreement); provided that

 

2

 

if, pursuant to the applicable Borrowing
Subsidiary Agreement, one or more Lenders will not make Loans to such Borrowing
Subsidiary, then the BSub Commitment of any Lender with respect to such
Borrowing Subsidiary shall be the amount set forth on Attachment 1 to such
Borrowing Subsidiary Agreement.  Each
BSub Commitment of any Lender is a sublimit of the Commitment of such Lender
and not a separate commitment.

 

“BSub Lender” means, with respect to any Borrowing Subsidiary, each
Lender (excluding any Lender that, pursuant to Section 2.23 and the
applicable Borrowing Subsidiary Agreement, will not make Loans to such
Borrowing Subsidiary) and the successors and assigns of such Lender in such
capacity.  Any Lender may designate an
affiliate of such Lender to perform all obligations, and have all rights, of
such Lender hereunder in respect of some or all of any BSub Commitment, in
which case references herein to a “BSub Lender” shall, where appropriate, mean
such designated affiliate.  Any such
designation shall be made either (a) by causing such affiliate to execute a
signature page of the applicable Borrowing Subsidiary Agreement or (b) by written
notice to the Company and the Administrative Agent (including any notice
changing the designation of such Lender’s affiliate that will act as a BSub
Lender).

 

“BSub Percentage” means, for any Lender with respect to any Borrowing
Subsidiary on any date of determination, the percentage which the sum of the
amount of such Lender’s BSub Commitment with respect to such Borrowing
Subsidiary is of the aggregate amount of all BSub Commitments with respect to
such Borrowing Subsidiary (or, if the Commitments have terminated, which (a)
the aggregate outstanding principal amount of such Lender’s Loans to such
Borrowing Subsidiary is of the sum of (b) the aggregate outstanding principal
amount of all Loans to such Borrowing Subsidiary).

 

“Business Day” means (i) with respect to any borrowing, payment or rate
selection of Eurocurrency Advances, a day (other than a Saturday or Sunday) on
which banks generally are open in Chicago and New York City for the conduct of
substantially all of their commercial lending activities, interbank wire
transfers can be made on the Fedwire system and dealings in Dollars and the
other Agreed Currencies are carried on in the London interbank market and (ii)
for all other purposes, a day (other than a Saturday or Sunday) on which banks
generally are open in Chicago and New York City for the conduct of
substantially all of their commercial lending activities and interbank wire
transfers can be made on the Fedwire system.

 

“Capitalized Lease” of a Person means any lease of Property by such
Person as lessee which would be capitalized on a balance sheet of such Person
prepared in accordance with GAAP.

 

“Capitalized Lease Obligations” of a Person means the amount of the
obligations of such Person under Capitalized Leases which would be shown as a
liability on a balance sheet of such Person prepared in accordance with GAAP.

 

“Change in Control” means the occurrence of any of the following
events:  (x) any “person” or “group”
(within the meaning of Section 13 or 14 of the Securities Exchange Act of
1934 (the “Exchange Act”) becomes the beneficial owner (as defined in Rule 13d
3 under the Exchange Act) of 30% or more of the fully diluted Voting Securities
of the Company or (y) individuals who at the beginning of any period of two
consecutive calendar years constituted the

 

3

 

board of directors of the Company (together
with any new directors whose election by the board of directors of the Company
or whose nomination for election by the Company’s shareholders was approved by
the members of the board of directors of the Company then still in office who
either were members of the board of directors of the Company at the beginning
of such period or whose election or nomination for election was previously so
approved) cease for any reason to constitute a majority of the members of the
board of directors of the Company.

 

“Code” means the Internal Revenue Code of 1986.

 

“Commitment” means, for each Lender, the obligation of such Lender to
make Loans and to participate in Letters of Credit in an aggregate amount not
exceeding the amount set forth opposite its signature below, as it may be
modified as a result of any assignment that has become effective pursuant to Section 12.1
or as otherwise modified from time to time pursuant to the terms hereof.

 

“Company” is defined in the preamble.

 

“Computation Date” is defined in Section 2.2.

 

“Consolidated Debt” means, at any time, the consolidated Debt of the
Company and its Consolidated Subsidiaries at such time.

 

“Consolidated Net Worth” means, at any time, the consolidated
stockholders’ equity of the Company and its Consolidated Subsidiaries at such
time.

 

“Consolidated Subsidiary” means any Subsidiary or other entity the
accounts of which would be consolidated with those of the Company in its
consolidated financial statements.

 

“Controlled Group” means all members of a controlled group of
corporations or other business entities and all trades or businesses (whether
or not incorporated) under common control which, together with the Company or
any of its Subsidiaries, are treated as a single employer under Section 414
of the Code.

 

“Conversion/Continuation Notice” is defined in Section 2.9.

 

“Credit Extension” means the making of an Advance or the issuance of a
Letter of Credit.

 

“Debt” of any Person means, without duplication, (i) all obligations of
such Person for borrowed money, (ii) all obligations of such Person evidenced
by bonds, debentures, notes or other similar instruments, (iii) all obligations
of such Person to pay the deferred purchase price of property or services,
except trade accounts payable arising in the ordinary course of business, (iv)
all Capitalized Lease Obligations of such Person, (v) all obligations of such
Person to reimburse or indemnify the issuer of a letter of credit or Guarantee
for drawings or payments thereunder, (vi) all Debt of others secured by a Lien
on any asset of such Person, whether or not such Debt is assumed by such
Person, and (vii) all Debt of others Guaranteed by such Person.

 

“Default” means an event described in Article VII.

 

4

 

“Dollar Amount” of any currency at any date shall mean (i) the amount
of such currency if such currency is Dollars or (ii) the equivalent in Dollars
of such amount if such currency is any currency other than Dollars, calculated
on the basis of the arithmetical mean of the buy and sell spot rates of
exchange of the Administrative Agent for such currency at 11:00 a.m., Local
Time, on or as of the most recent Computation Date provided for in Section 2.2.

 

“Dollars” and “$” shall mean the lawful currency of the United States
of America.

 

“Domestic Advance” means a borrowing in Dollars by the Company
hereunder (i) made by the Lenders on the same Borrowing Date or (ii) converted
or continued by the Lenders on the same date of conversion or continuation,
consisting, in either case, of the aggregate amount of the several Loans of the
same Type and, in the case of Eurocurrency Loans, having the same Interest
Period.

 

“Domestic Loan” means a Loan denominated in Dollars.

 

“Eligible Currency” means any currency other than Dollars (i) that is
readily available, (ii) that is freely traded, (iii) in which deposits are
customarily offered to banks in the London interbank market, (iv) which is
convertible into Dollars in the international interbank market and (v) as to
which a Dollar Amount may be readily calculated.  If, after the designation of any currency as
an Agreed Currency, (x) currency control or other exchange regulations are
imposed in the country in which such currency is issued with the result that
different types of such currency are introduced, (y) such currency is, in the
determination of the Administrative Agent, no longer readily available or
freely traded or (z) in the determination of the Administrative Agent, an
Equivalent Amount of such currency is not readily calculable, the
Administrative Agent shall promptly notify the Lenders and the Company, and
such currency shall no longer be an Agreed Currency until such time as all of
the Lenders agree to reinstate such currency as an Agreed Currency and
promptly, but in any event within five Business Days of receipt of such notice
from the Administrative Agent, each applicable Borrowing Subsidiary shall repay
all of its Loans in such affected currency or convert such Loans into Loans in
Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

 

“Equivalent Amount” of any currency with respect to any amount of
Dollars at any date shall mean the equivalent in such currency of such amount
of Dollars, calculated on the basis of the arithmetical mean of the buy and
sell spot rates of exchange of the Administrative Agent for such other currency
at 11:00 a.m., Local Time, on the date on or as of which such amount is to be
determined.

 

“Environmental Laws” means any and all federal, state, local and
foreign statutes, laws, judicial decisions, regulations, ordinances, rules,
judgments, orders, decrees, plans, injunctions, permits, concessions, grants,
franchises, licenses, agreements and other governmental restrictions relating
to (i) the protection of the environment, (ii) the effect of the environment on
human health, (iii) emissions, discharges or releases of pollutants,
contaminants, hazardous substances or wastes into surface water, ground water
or land, or (iv) the manufacture, processing, distribution, use, treatment,
storage, disposal, transport or handling of pollutants, contaminants, hazardous
substances or wastes or the clean-up or other remediation thereof.

 

5

 

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

 

“Euro” means the lawful currency of the member states of the European
Union.

 

“Eurocurrency Advance” means an Advance which, except as otherwise
provided in Section 2.11, bears interest at the applicable
Eurocurrency Rate.

 

“Eurocurrency Loan” means a Loan which, except as otherwise provided in
Section 2.11, bears interest at the applicable Eurocurrency Rate.

 

“Eurocurrency Payment Office” of the Administrative Agent shall mean,
for each of the Agreed Currencies, the office, branch, affiliate or
correspondent bank of the Administrative Agent specified as the “Eurocurrency
Payment Office” for such currency in Schedule 3 or such other
office, branch, affiliate or correspondent bank of the Administrative Agent as
it may from time to time specify to the Company and each Lender as its
Eurocurrency Payment Office for such currency.

 

“Eurocurrency Rate” means, with respect to a Eurocurrency Advance for
the relevant Interest Period, the sum of (i) the quotient of (a) the
Eurocurrency Reference Rate applicable to such Interest Period, divided by (b)
one minus the Reserve Requirement (expressed as a decimal) applicable to such
Interest Period, if any, plus (ii) the Applicable Margin, plus (iii) for Loans
booked in the United Kingdom, the Associated Costs Rate.

 

“Eurocurrency Reference Rate” means, with respect to a Eurocurrency
Advance for the relevant Interest Period, the applicable British Bankers’
Association LIBOR rate for deposits in the applicable Agreed Currency as
reported by any generally recognized financial information service as of 11:00
a.m. (London time) two Business Days prior to the first day of such Interest
Period, and having a maturity equal to such Interest Period; provided
that, if no such British Bankers’ Association LIBOR rate is available, the
applicable Eurocurrency Reference Rate for the relevant Interest Period shall
instead be the rate determined by the Administrative Agent to be the rate at
which Bank One offers to place deposits in the applicable Agreed Currency with
first-class banks in the London interbank market at approximately 11:00 a.m.
(London time) two Business Days prior to the first day of such Interest Period,
in the approximate amount of Bank One’s relevant Eurocurrency Loan and having a
maturity equal to such Interest Period.

 

“Excluded Taxes” means, in the case of each Lender or applicable
Lending Installation and the Administrative Agent, taxes imposed on its overall
net income, and franchise taxes imposed on it, by (i) the jurisdiction under
the laws of which such Lender or the Administrative Agent is incorporated or
organized or (ii) the jurisdiction in which the Administrative Agent’s or such
Lender’s principal executive office or such Lender’s applicable Lending
Installation is located.

 

“Facility Fee Rate” means, at any time, the percentage rate per annum
at which facility fees are accruing pursuant to Section 2.5.1 at
such time as set forth in the Pricing Schedule.

 

“Facility Termination Date” means the earlier of (a) September 2,
2009 and (b) the date on which the Commitments are reduced to zero pursuant to Section 2.5.3
or terminated pursuant to Section 8.1.

 

6

 

“Federal Funds Effective Rate” means, for any day, an interest rate per
annum equal to the weighted average of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal
funds brokers on such day, as published for such day (or, if such day is not a
Business Day, for the immediately preceding Business Day) by the Federal
Reserve Bank of New York, or, if such rate is not so published for any day
which is a Business Day, the average of the quotations at approximately 10:00
a.m. (Chicago time) on such day on such transactions received by the
Administrative Agent from three Federal funds brokers of recognized standing
selected by the Administrative Agent in its sole discretion.

 

“Floating Rate” means, for any day, a rate per annum equal to the
Alternate Base Rate for such day, changing when and as the Alternate Base Rate
changes.

 

“Floating Rate Advance” means an Advance in Dollars that, except as
otherwise provided in Section 2.11, bears interest at the Floating
Rate.

 

“Floating Rate Loan” means a Loan in Dollars that, except as otherwise
provided in Section 2.11, bears interest at the Floating Rate.

 

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

 

“GAAP” means generally accepted accounting principles as in effect from
time to time in the United States, applied on a basis consistent with the
financial statements referred to in Section 5.4.

 

“Guarantee” by any Person means any obligation, contingent or
otherwise, of such Person directly or indirectly guaranteeing any Debt or other
obligation of any other Person or in any manner providing for the payment of
any Debt of any other Person or otherwise protecting the holder of such Debt
against loss (whether by agreement to keep-well, to purchase assets, goods,
securities or services, to take-or-pay, or to maintain financial statement
conditions or otherwise); provided that the term Guarantee shall not
include endorsements for collection or deposit in the ordinary course of
business.  The term “Guarantee” used as a
verb has a corresponding meaning.

 

“Hazardous Substance” means any toxic, radioactive, caustic or otherwise
hazardous substance, including petroleum, its derivatives, by-products and
other hydrocarbons, or any substance having any constituent elements displaying
any of the foregoing characteristics.

 

“Interest Period” means, with respect to a Eurocurrency Advance, a
period commencing on a Business Day selected by the applicable Borrower and
ending on the numerically corresponding date one, two, three or six months
thereafter; provided that (a) if there is no such numerically
corresponding day in such next, second, third or sixth succeeding month, such
Interest Period shall end on the last Business Day of such next, second, third
or sixth succeeding month; (b) if an Interest Period would otherwise end on a
day that is not a Business Day, such Interest Period shall end on the next
succeeding Business Day, unless such next succeeding Business Day falls in a
new calendar month, in which case such Interest Period shall end on the

 

7

 

immediately preceding Business Day; and (c)
no Borrower may select an Interest Period ending after the scheduled Facility
Termination Date.

 

“Issuer” means Bank One and/or any other Lender selected by the Company
and reasonably satisfactory to the Administrative Agent, in each case in its
capacity as an issuer of Letters of Credit hereunder.

 

“JPMorgan” means J.P. Morgan Securities Inc.

 

“LC Collateral Account” is defined in Section 2.18(k).

 

“Lenders” means the lending institutions listed on the signature pages
of this Agreement and their respective successors and assigns.

 

“Lending Installation” means, with respect to a Lender or the
Administrative Agent, the office, branch, subsidiary or affiliate of such
Lender or the Administrative Agent with respect to each Agreed Currency listed
on the signature pages hereof or in an Administrative Questionnaire or
otherwise selected by such Lender or the Administrative Agent pursuant to Section 2.19.

 

“Letter of Credit” is defined in Section 2.18(a).

 

“Letter of Credit Application” is defined in Section 2.18(c).

 

“Letter of Credit Fee” is defined in Section 2.18(d).

 

“Letter of Credit Fee Rate” means, at any time, the percentage rate per
annum applicable to Letter of Credit Fees at such time as set forth in the
Pricing Schedule.

 

“Letter of Credit Obligations” means, at any time, the Dollar Amount of
the sum, without duplication, of (i) the aggregate undrawn stated amount of all
Letters of Credit at such time plus (ii) the aggregate unpaid amount of all
Reimbursement Obligations at such time.

 

“Lien” means any lien (statutory or other), mortgage, pledge,
hypothecation, assignment, deposit arrangement, encumbrance or preference,
priority or other security agreement or preferential arrangement of any kind or
nature whatsoever (including the interest of a vendor or lessor under any
conditional sale, Capitalized Lease or other title retention agreement).

 

“Loan” means, with respect to a Lender, any loan made by such Lender
pursuant to Article II (or any conversion or continuation thereof).

 

“Loan Documents” means this Agreement, each Note issued pursuant to Section 2.14,
each Letter of Credit and each Letter of Credit Application.

 

“Local Time” means (a) with respect to Domestic Loans, Chicago time,
and (b) with respect to Multicurrency Loans, local time of the city where the
applicable Eurocurrency Payment Office is to disburse or receive the applicable
payment.

 

8

 

“Material Adverse Effect” means a material adverse effect on (i) the
financial position or business of the Company and its Subsidiaries taken as a
whole or (ii) the validity or enforceability of any of the Loan Documents or
the rights or remedies of the Administrative Agent, the Lenders or the Issuers
thereunder.

 

“Material Subsidiary” means at any time a Subsidiary which as of such
time meets the definition of a “significant subsidiary” contained as of the
date hereof in Regulation S-X of the Securities and Exchange Commission.

 

“Modification” and “Modify” are defined in Section 2.18(a).

 

“Moody’s” means Moody’s Investors Service, Inc.

 

“Multicurrency Advance” means a borrowing by a Borrower hereunder (i)
made by the applicable Lenders to the same Borrower on the same Borrowing Date
or (ii) converted or continued by the applicable Lenders on the same date of
conversion or continuation, consisting, in either case, of the aggregate amount
of the several Eurocurrency Loans in the same Agreed Currency and for the same
Interest Period.

 

“Multicurrency Loan” means a Eurocurrency Loan denominated in an Agreed
Currency other than Dollars.

 

“Multiemployer Plan” means a Plan maintained pursuant to a collective
bargaining agreement or any other arrangement to which the Company or any
member of the Controlled Group is a party to which more than one employer is obligated
to make contributions.

 

“Non-U.S. Lender” is defined in Section 3.4(d).

 

“Note” is defined in Section 2.14.

 

“Obligations” means all unpaid principal of and accrued and unpaid
interest on the Loans, all Reimbursement Obligations and accrued and unpaid
interest thereon, all accrued and unpaid fees and all expenses, reimbursements,
indemnities and other obligations of any Borrower to the Lenders or to any
Lender, any Issuer, the Administrative Agent or any indemnified party arising
under the Loan Documents.

 

“Other Taxes” is defined in Section 3.4(c).

 

“Outstanding Credit Exposure” means, as to any Lender at any time, the
Dollar Amount of the sum of (i) its Pro Rata Share of all Loans outstanding at
such time plus (ii) its Pro Rata Share of the Letter of Credit Obligations at
such time.

 

“Participant” is defined in Section 12.1(c).

 

“Participation Funding Notice” means a written notice from a Lender to
the Administrative Agent advising the Administrative Agent that a Default
exists and directing the Administrative Agent to notify all Lenders to fund
their participations in extensions of credit made by BSub Lenders as provided
in Section 2.24.

 

9

 

“Payment Date” means the last Business Day of each calendar quarter.

 

“PBGC” means the Pension Benefit Guaranty Corporation, or any successor
thereto.

 

“Person” means any natural person, corporation, firm, joint venture,
partnership, limited liability company, association, enterprise, trust or other
entity or organization, or any government or political subdivision or any
agency, department or instrumentality thereof.

 

“Plan” means an employee pension benefit plan which is covered by Title
IV of ERISA or subject to the minimum funding standards under Section 412
of the Code as to which the Company or any member of the Controlled Group may
have any liability.

 

“Pricing Schedule” means the Schedule attached hereto identified
as such.

 

“Prime Rate” means the prime rate of interest announced from time to
time by Bank One or its parent (which is not necessarily the lowest rate
charged to any customer), changing when and as such prime rate changes.

 

“Property” of a Person means any and all property, whether real,
personal, tangible, intangible, or mixed, of such Person, or other assets
owned, leased or operated by such Person.

 

 “Pro Rata Share” means, with
respect to any Lender on any date of determination, the percentage which the
sum of the amount of such Lender’s Commitment is of the Aggregate Commitment
(or, if the Commitments have terminated, which (a) the sum of (i) the principal
amount of such Lender’s Loans to the Company plus (ii) the principal amount of
such Lender’s participation interest in all Loans to any other Borrower plus
(iii) the amount of such Lender’s participation in the Letter of Credit
Obligations is of (b) the Aggregate Outstanding Credit Exposure) as of such
date.  For purposes of determining
liability for any indemnity obligation under Section 2.18(j) or 10.8,
each Lender’s Pro Rata Share shall be determined as of the date the applicable
Issuer or the Administrative Agent notifies the Lenders of such indemnity
obligation (or, if such notice is given after termination of this Agreement, as
of the date of such termination).

 

“Regulation D” means Regulation D of the Board of Governors of the
Federal Reserve System.

 

“Regulation U” means Regulation U of the Board of Governors of the
Federal Reserve System.

 

“Reimbursement Obligations” means, at any time, the aggregate of all
obligations of the Borrowers then outstanding under Section 2.18 to
reimburse the Issuers for amounts paid by the Issuers in respect of any one or
more drawings under Letters of Credit.

 

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

 

10

 

“Reportable Event” means a reportable event as defined in Section 4043
of ERISA and the regulations issued under such section, with respect to a Plan,
excluding, however, such events as to which the PBGC has by regulation waived
the requirement of Section 4043(a) of ERISA that it be notified within 30
days of the occurrence of such event; provided that a failure to meet
the minimum funding standard of Section 412 of the Code and of Section 302
of ERISA shall be a Reportable Event regardless of the issuance of any such
waiver of the notice requirement in accordance with either Section 4043(a)
of ERISA or Section 412(d) of the Code.

 

“Reports” is defined in Section 9.6.

 

“Required Lenders” means Lenders having aggregate Pro Rata Shares in
excess of 50%.

 

“Reserve Requirement” means, with respect to an Interest Period, the
maximum aggregate reserve requirement (including all basic, supplemental,
marginal and other reserves) which is imposed under Regulation D on
Eurocurrency liabilities.

 

“S&P” means Standard and Poor’s Ratings Services, a division of The
McGraw Hill Companies, Inc.

 

“Subsidiary” of a Person means (i) any corporation more than 50% of the
outstanding securities having ordinary voting power of which shall at the time
be owned or controlled, directly or indirectly, by such Person or by one or
more of its Subsidiaries or by such Person and one or more of its Subsidiaries,
or (ii) any partnership, limited liability company, association, joint venture
or similar business organization more than 50% of the ownership interests
having ordinary voting power of which shall at the time be so owned or controlled.  Unless otherwise expressly provided, all
references herein to a “Subsidiary” shall mean a Subsidiary of the Company.

 

“Substantial Portion” means, with respect to the Property of the
Company and its Subsidiaries, Property which represents more than 15% of the
consolidated total assets of the Company and its Consolidated Subsidiaries or
property which is responsible for more than 10% of the consolidated net sales
or of the consolidated net income of the Company and its Consolidated
Subsidiaries, in each case, as would be shown in the consolidated financial
statements of the Company and its Subsidiaries as at the beginning of the
twelve-month period ending with the month in which such determination is made
(or if financial statements have not been delivered hereunder for that month
which begins the twelve-month period, then the financial statements delivered
hereunder for the quarter ending immediately prior to that month).

 

“Taxes” means any and all present or future taxes, duties, levies,
imposts, deductions, charges or withholdings, and any and all liabilities with
respect to the foregoing, but excluding
Excluded Taxes and Other Taxes.

 

“Total Capital” means, at any time, the sum of (i) Consolidated Debt
plus (ii) deferred taxes plus (iii) Consolidated Net Worth at such time.

 

“Transferee” is defined in Section 12.2.

 

11

 

“Type” means, with respect to any Domestic Advance, its nature as a
Floating Rate Advance or a Eurocurrency Advance and with respect to any
Domestic Loan, its nature as a Floating Rate Loan or a Eurocurrency Loan.

 

“Unfunded Vested Liabilities” means, with respect to any Plan, the
amount, if any, by which the present value of all vested benefits under such
Plan exceeds the fair market value of all Plan assets allowable to such
benefits, as determined on the most recent valuation date of such Plan, but
only to the extent that excess represents a potential liability of the Borrower
or any member of the Controlled Group to the PBGC or to such Plan under Title
IV of ERISA.

 

“Unmatured Default” means an event which but for the lapse of time or
the giving of notice, or both, would constitute a Default.

 

“Utilization Fee Rate” means, at any time, the percentage rate per
annum at which utilization fees are accruing pursuant to Section 2.5.2
at such time as set forth in the Pricing Schedule.

 

“Voting Securities” means any securities having ordinary power to vote
for the election of directors.

 

The foregoing definitions shall be equally applicable to both the
singular and plural forms of the defined terms.

 

1.2.                              Interpretation.

 

(a)                                  The
meanings of defined terms are equally applicable to the singular and plural
forms of such terms.

 

(b)                                 Article,
Section, Schedule and Exhibit references are to this
Agreement unless otherwise specified.

 

(c)                                  The
term “including” is not limiting and means “including without limitation.”

 

(d)                                 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.”

 

(e)                                  Unless
otherwise expressly provided herein, (i) references to agreements (including
this Agreement) and other contractual instruments shall be deemed to include
all subsequent amendments and other modifications thereto, but only to the
extent such amendments and other modifications are not prohibited by the terms
of this Agreement; and (ii) references to any statute or regulation are to be
construed as including all statutory and regulatory provisions consolidating,
amending, replacing, supplementing or interpreting such statute or regulation.

 

12

 

ARTICLE II

THE CREDITS

 

2.1.                              Commitment. 
From the date of this Agreement to the Facility Termination Date, (a)
each Lender severally agrees, on the terms and conditions set forth in this
Agreement, to make Loans to the Company from time to time, (b) each BSub Lender
with respect to a Borrowing Subsidiary severally agrees, on the terms and
conditions set forth in this Agreement, to make Multicurrency Loans to such
Borrowing Subsidiary (and each other Lender severally agrees that it will
purchase a participation in each such Loan if required pursuant to Section 2.24)
and (c) each Issuer agrees to issue Letters of Credit denominated in Agreed
Currencies for the account of any Borrower from time to time (and each Lender
severally agrees to participate in each such Letter of Credit as more fully set
forth in Section 2.18); provided that (i) at no time shall
Loans be outstanding hereunder in more than five different Agreed Currencies,
(ii) the Aggregate Outstanding Credit Exposure shall not at any time exceed the
Aggregate Commitment, (iii) the Outstanding Credit Exposure of any Lender shall
not at any time exceed such Lender’s Commitment and (iv) the Dollar Amount of
all outstanding Multicurrency Loans shall not at any time exceed
$100,000,000.  Subject to the terms of
this Agreement, the Borrowers may borrow, repay and reborrow at any time prior
to the Facility Termination Date.  The
Commitments shall expire on the Facility Termination Date.

 

2.2.                              Determination
of Dollar Amounts.  The
Administrative Agent will determine the Dollar Amount of all outstanding
Advances and Letter of Credit Obligations on and as of (i) the date of each
Credit Extension, (ii) the last Business Day of each quarter and (iii) any
other Business Day elected by the Administrative Agent in its discretion or
upon instruction by the Required Lenders (each, a “Computation Date”).

 

2.3.                              Ratable
Loans.  Each Advance shall consist of
Loans made (a) in the case of Loans to the Company, by the Lenders ratably in
accordance with their respective Pro Rata Shares or (b) in the case of Loans to
any Borrowing Subsidiary, by the BSub Lenders for such Borrowing Subsidiary in
accordance with their respective BSub Percentages for such Borrowing
Subsidiary.

 

2.4.                              Types
of Advances.  Domestic Advances may
be Floating Rate Advances or Eurocurrency Advances, or a combination thereof,
as selected by the applicable Borrower in accordance with Sections 2.8
and 2.9.  Multicurrency Advances
shall be Eurocurrency Advances.

 

2.5.                              Fees; Changes in Aggregate Commitment.

 

2.5.1.  Facility Fee.  The Company agrees to pay to the Administrative
Agent for the account of each Lender a facility fee at a per annum rate equal
to the Facility Fee Rate on the sum of such Lender’s Commitment (whether used
or unused) from the date hereof to the Facility Termination Date (and, if any
Loans remain outstanding after the close of business in Chicago, Illinois on
the Facility Termination Date, thereafter on the outstanding principal amount
of all Loans owed to each Lender).  The
facility fee shall be payable on each Payment Date, on the Facility Termination
Date and, if applicable, thereafter on demand.

 

2.5.2.  Utilization Fee.  The Company agrees to pay to the
Administrative Agent for the account of each Lender a utilization fee at a rate
per annum equal to the Utilization Fee Rate on such Lender’s Outstanding Credit
Exposure for any date (a) prior

 

13

 

to the Facility Termination Date on which the
Aggregate Outstanding Credit Exposure exceeds 33-1/3% of the Aggregate
Commitment and (b) on or after the Facility Termination Date.  The utilization fee shall be payable on each
Payment Date, on the Facility Termination Date and, if applicable, thereafter
on demand.

 

2.5.3.  Reduction of Aggregate Commitment.  The Company may permanently reduce the
Aggregate Commitment in whole, or in part ratably among the Lenders in integral
multiples of $10,000,000, upon at least five Business Days’ written notice to
the Administrative Agent, which notice shall specify the amount of any such
reduction; provided that
the amount of the Aggregate Commitment may not be reduced below the Aggregate
Outstanding Credit Exposure.

 

2.5.4.  Increase of Aggregate Commitment.  So long as no Default or Unmatured Default
exists or would result therefrom, the Company may, from time to time, by means
of a letter delivered to the Administrative Agent substantially in the form of Exhibit
F, request that the Aggregate Commitment be increased to up to $750,000,000
by (i) increasing the Commitment  of one
or more Lenders that have agreed to such increase and/or (ii) adding one or
more commercial banks or other Persons (each an “Additional Lender”) as a party
hereto with a Commitment in an amount agreed to by any such Additional Lender; provided
that no Additional Lender shall be added as a party hereto without the written
consent of the Administrative Agent and each Issuer (which shall not be
unreasonably withheld).  Any increase in
the Aggregate Commitment pursuant to this Section 2.5.4 shall be
effective three Business Days after the date on which the Administrative Agent
has received and accepted the applicable increase letter in the form of Annex 1
to Exhibit F (in the case of an increase in the Commitment of an
existing Lender) or assumption letter in the form of Annex 2 to Exhibit F
(in the case of the addition of an Additional Lender).  The Administrative Agent shall promptly
notify the Company and the Lenders of any increase in the amount of the
Aggregate Commitment pursuant to this Section 2.5.4 and of the
Commitment of each Lender after giving effect thereto.  The parties hereto agree that, in connection
with any increase in the amount of the Aggregate Commitment, the Borrowers and
the Administrative Agent may agree on procedures pursuant to this Section 2.5.4,
such as phasing in funding of the amount of the increased or new Commitment of
an increasing Lender or Additional Lender to minimize breakage costs so long as
procedures are also in place to cause each increasing Lender and Additional
Lender to purchase assignments or participations in amounts necessary to have
their Pro Rata Shares of the Aggregate Outstanding Credit Exposure upon
acceleration of the Loans.

 

2.6.                              Minimum Amount of Each Advance.  Each Eurocurrency Advance shall be in the
Dollar Amount of $5,000,000 or a higher integral multiple of 1,000,000 units of
the applicable Agreed Currency.  Each
Floating Rate Advance shall be in the amount of $5,000,000 or a higher integral
multiple of $1,000,000; provided that any Floating Rate Advance may be
in the amount of the unused Aggregate Commitment.

 

14

 

2.7.                              Payments and Prepayments.

 

2.7.1.  Payment at Maturity.  The Borrowers shall pay all outstanding
Advances and all other unpaid Obligations on the Facility Termination Date.

 

2.7.2.  Optional Payments.  Any Borrower may from time to time prepay,
without penalty or premium, all outstanding Floating Rate Advances to such
Borrower or, in an aggregate amount of $5,000,000 or higher integral multiples
of $1,000,000, any portion of the outstanding Floating Rate Advances to such
Borrower upon two Business Days’ prior notice to the Administrative Agent.  Any Borrower may from time to time prepay,
subject to the payment of any funding indemnification amounts required by Section 3.3
but without penalty or premium, all outstanding Eurocurrency Advances to such
Borrower or, in the aggregate amount of $5,000,000 or a higher integral
multiple of 1,000,000 units of the Agreed Currency, any portion of the
outstanding Eurocurrency Advances to such Borrower upon three Business Days’
prior notice to the Administrative Agent.

 

2.7.3.  Mandatory Prepayments due to Currency
Fluctuations.  If on any Computation
Date (a) the Aggregate Outstanding Credit Exposure exceeds the Aggregate
Commitment, (b) the Dollar Amount of all outstanding Multicurrency Loans
exceeds the amount specified in clause (iv) of the proviso to the first
sentence of Section 2.1 or (c) the Letter of Credit Obligations
exceed the amount specified in subsection 2.18(a)(ii), then the
Borrowers shall immediately repay Advances (or, in the case of clause (c)
and, if no Advances are outstanding, clause (a), deposit funds in an LC
Collateral Account) in an amount sufficient to eliminate such excess.

 

2.8.                              Method of Selecting Types and
Interest Periods for New Advances. 
The applicable Borrower shall select the Type of Advance and, in the
case of a Eurocurrency Advance, the Interest Period and Agreed Currency
applicable thereto from time to time. 
The applicable Borrower shall give the Administrative Agent irrevocable
notice (a “Borrowing Notice”) not later than 10:00 a.m. Local Time at least one
Business Day before the Borrowing Date of each Floating Rate Advance, three
Business Days before the Borrowing Date for each Eurocurrency Advance
denominated in Dollars and four Business Days before the Borrowing Date for
each Eurocurrency Advance denominated in an Agreed Currency other than Dollars,
specifying:

 

(i)                                     the
Borrowing Date, which shall be a Business Day, of such Advance;

 

(ii)                                  the
aggregate amount of such Advance;

 

(iii)                               the
Type of Advance selected; and

 

(iv)                              in
the case of a Eurocurrency Advance, the Interest Period and Agreed Currency
applicable thereto.

 

2.9.                              Conversion and Continuation of
Outstanding Advances.  Each
Floating Rate Advance shall continue as a Floating Rate Advance unless and
until converted into a Eurocurrency Advance pursuant to this Section 2.9
or repaid in accordance with Section 2.7.  Each Eurocurrency Advance shall continue as a
Eurocurrency Advance until the end of the then applicable Interest Period
therefor, at which time:

 

15

 

(i)                                     in
the case of a Eurocurrency Advance denominated in Dollars, such Advance shall
be automatically converted into a Floating Rate Advance unless (x) repaid in
accordance with Section 2.7 or (y) the applicable Borrower shall
have given the Administrative Agent a Conversion/Continuation Notice (as
defined below) requesting that, at the end of such Interest Period, such
Eurocurrency Advance either continue as a Eurocurrency Advance for a new
Interest Period or be converted into a Floating Rate Advance; and

 

(ii)                                  in
the case of a Eurocurrency Advance denominated in an Agreed Currency other than
Dollars, such Advance shall automatically continue as a Eurocurrency Advance in
the same Agreed Currency with an Interest Period of one month unless (x) repaid
in accordance with Section 2.7 or (y) the applicable Borrower shall
have given the Administrative Agent a Conversion/Continuation Notice (as
defined below) requesting that, at the end of such Interest Period, such
Eurocurrency Advance continue as a Eurocurrency Advance for a new Interest
Period.

 

Subject to the terms of Section 2.6, any Borrower may elect
from time to time to convert all or any part of an Advance to such Borrower
denominated in Dollars to the other Type of Advance denominated in Dollars or
to continue any Eurocurrency Advance to such Borrower for a new Interest Period
in the same Agreed Currency; provided that any conversion or
continuation of any Eurocurrency Advance shall be made on, and only on, the
last day of an Interest Period applicable thereto.  The applicable Borrower shall give the
Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of
each conversion of an Advance or continuation of a Eurocurrency Advance not
later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of
a conversion into a Floating Rate Advance, three Business Days, in the case of
a conversion into or continuation of a Eurocurrency Advance denominated in
Dollars, or four Business Days, in the case of a conversion into or
continuation of a Eurocurrency Advance denominated in an Agreed Currency other
than Dollars, prior to the date of the requested conversion or continuation,
specifying:

 

(i)                                     the
requested date, which shall be a Business Day, of such conversion or
continuation; and

 

(ii)                                  the
Agreed Currency, amount and Type of Advance into which such Advance is to be
converted or continued and, in the case of a conversion into or continuation of
a Eurocurrency Advance, the duration of the Interest Period applicable thereto.

 

2.10.                        Method of Borrowing.

 

(a)                                  On
each Borrowing Date for a Domestic Advance to the Company, each Lender shall
make available its Domestic Loan in accordance with its Pro Rata Share not
later than noon, Chicago time, in Federal or other funds immediately available
to the Administrative Agent, in Chicago, Illinois at its address specified in
or pursuant to Article XIII.

 

(b)                                 On
each Borrowing Date for a Multicurrency Advance to the Company, each Lender
shall make available its Multicurrency Loan in accordance with its Pro Rata
Share not

 

16

 

later than
noon, local time, at the Eurocurrency Payment Office of the Administrative
Agent for such currency, in such funds as may then be customary for the
settlement of international transactions in such currency in the city of such
Eurocurrency Payment Office for such currency.

 

(c)                                  On
each Borrowing Date for a Multicurrency Advance to a Borrowing Subsidiary, each
applicable Lender shall make available its Multicurrency Loan in accordance
with its BSub Percentage for such Borrowing Subsidiary not later than noon,
local time, at the Eurocurrency Payment Office of the Administrative Agent for
such currency, in such funds as may then be customary for the settlement of
international transactions in such currency in the city of such Eurocurrency
Payment Office for such currency.

 

(d)                                 Unless
the Administrative Agent has received written notice that any applicable
condition specified in Article IV has not been satisfied with
respect to a requested Advance, the Administrative Agent will make the funds
received from the Lenders available to the applicable Borrower at the
Administrative Agent’s aforesaid address.

 

2.11.                        Changes in Interest Rate, etc.  Each Floating Rate Advance shall bear
interest on the outstanding principal amount thereof, for each day from the
date such Advance is made or is converted from a Eurocurrency Advance into a
Floating Rate Advance to the date such Advance becomes due or is converted into
a Eurocurrency Advance, at the Floating Rate for such day.  Changes in the rate of interest on that
portion of any Advance maintained as a Floating Rate Advance will take effect
simultaneously with each change in the Alternate Base Rate.  Each Eurocurrency Advance shall bear interest
on the outstanding principal amount thereof from the first day of each Interest
Period applicable thereto to the last day of such Interest Period at the interest
rate determined by the Administrative Agent as applicable to such Eurocurrency
Advance based upon the applicable Borrower’s selections under Sections 2.8
and 2.9 and otherwise in accordance with the terms hereof.

 

2.12.                        Rates Applicable After Default.  Notwithstanding anything to the contrary
contained in Section 2.8, 2.9 or 2.11, during the
continuance of a Default or Unmatured Default the Required Lenders may, at
their option, by notice to the Company (which notice may be revoked at the
option of the Required Lenders notwithstanding any provision of Section 8.2
requiring unanimous consent of the Lenders to changes in interest rates),
declare that (a) no Advance denominated in Dollars may be made as, converted
into or continued as a Eurocurrency Advance and/or (b) each Eurocurrency
Advance shall bear interest for the remainder of the applicable Interest Period
at the rate otherwise applicable to such Interest Period plus 2% per annum
and/or (c) each Floating Rate Advance shall bear interest at a rate per annum
equal to the Floating Rate in effect from time to time plus 2% per annum and/or
(d) the Letter of Credit Fee Rate shall be increased by 2% per annum; provided
that, during the continuance of a Default under Section 7.6 or 7.7,
the interest rates set forth in clauses (b) and (c) above and the
increase in the Letter of Credit Fee Rate set forth in clause (d) above
shall be applicable to all applicable Credit Extensions without any election or
action on the part of the Administrative Agent or any Lender.

 

2.13.                        Method of Payment.  (a) 
Each Advance shall be repaid and each payment of interest thereon shall
be paid in the currency in which such Advance was made.  Except as set forth in the next sentence, all
payments of the Obligations hereunder shall be made, without

 

17

 

setoff,
deduction, or counterclaim, in immediately available funds to the
Administrative Agent at the Administrative Agent’s address specified pursuant
to Article XIII, or at any other Lending Installation of the
Administrative Agent specified in writing by the Administrative Agent to the
Company, by noon (local time) on the date when due and shall be applied ratably
by the Administrative Agent among the Lenders in accordance with their Pro Rata
Shares.  All payments to be made by a
Borrower hereunder in any currency other than Dollars shall be made in such
currency on the date due in such funds as may then be customary for the
settlement of international transactions in such currency for the account of
the Administrative Agent at its Eurocurrency Payment Office for such currency,
and shall be applied ratably by the Administrative Agent among the Lenders in
accordance with their respective Pro Rata Shares (or, in the case of any
applicable Borrowing Subsidiary, their respective BSub Percentages).  Each payment delivered to the Administrative
Agent for the account of any Lender shall be delivered promptly by the
Administrative Agent to such Lender in the same type of funds received by the Administrative
Agent.  Each Borrower authorizes the
Administrative Agent to charge any account of such Borrower maintained with
Bank One or any of its Affiliates for each payment of principal, interest and
fees as it becomes due hereunder.

 

(b)                                 Notwithstanding
the foregoing provisions of this Section, if, after the making of any
Multicurrency Advance, currency control or exchange regulations are imposed in
the country which issues such currency with the result that the type of
currency in which the Advance was made (the “Original Currency”) no longer
exists or the applicable Borrower is not able to make payment to the
Administrative Agent for the account of the applicable Lenders in such Original
Currency, then all payments to be made by such Borrower hereunder in such
currency shall instead be made when due in Dollars in an amount equal to the
Dollar Amount (as of the date of repayment) of such payment due, it being the
intention of the parties hereto that such Borrower take all risks of the
imposition of any such currency control or exchange regulations.

 

2.14.                        Noteless Agreement; Evidence of
Indebtedness.  (a)  Each Lender shall maintain in accordance with
its usual practice an account or accounts evidencing the indebtedness of the
Borrowers to such Lender resulting from each Loan made by such Lender from time
to time, including the amounts of principal and interest payable and paid to
such Lender from time to time hereunder.

 

(b)                                 The
Administrative Agent shall maintain accounts in which it will record (i) the
amount of each Loan made to each Borrower hereunder, the Agreed Currency and
Type thereof and, if applicable, the Interest Period with respect thereto, (ii)
the amount of any principal or interest due and payable or to become due and
payable from each Borrower to each Lender hereunder, (iii) the original stated
amount of each Letter of Credit issued for the account of, and the amount of
Letter of Credit Obligations owing by, each Borrower at any time and (iv) the
amount of any sum received by the Administrative Agent hereunder from each
Borrower and each Lender’s share thereof.

 

(c)                                  The
entries maintained in the accounts maintained pursuant to clauses (a)
and (b) above shall be prima facie
evidence of the existence and amounts of the Obligations therein recorded; provided
that the failure of the Administrative Agent or any Lender to maintain such

 

18

 

accounts or
any error therein shall not in any manner affect the obligation of any Borrower
to repay the Obligations in accordance with their terms.

 

(d)                                 Any
Lender may request that its Loans be evidenced by one or more promissory notes
substantially in the form of Exhibit D (each a “Note”).  In such event, each Borrower shall prepare,
execute and deliver to such Lender a single Note payable to the order of such
Lender in a form supplied by the Administrative Agent.  Thereafter, the Loans evidenced by such Note
and interest thereon shall at all times (prior to any assignment pursuant to Section 12.1)
be represented by one or more Notes payable to the order of the payee named
therein, except to the extent that any such Lender subsequently returns any
such Note for cancellation and requests that such Loans once again be evidenced
as described in clauses (a) and (b)  above.

 

2.15.                        Telephonic Notices.  Each Borrower hereby authorizes the Lenders
and the Administrative Agent to extend, convert or continue Advances, effect
selections of Agreed Currencies and Types of Advances and to transfer funds
based on telephonic notices made by any person or persons the Administrative
Agent or any Lender in good faith believes to be acting on behalf of such
Borrower, it being understood that the foregoing authorization is specifically
intended to allow Borrowing Notices and Conversion/Continuation Notices to be
given telephonically.  Each Borrower
agrees to deliver promptly to the Administrative Agent a written confirmation,
if such confirmation is requested by the Administrative Agent or any Lender, of
each telephonic notice signed by an Authorized Officer.  If the written confirmation differs in any
material respect from the action taken by the Administrative Agent and the
Lenders, the records of the Administrative Agent and the Lenders shall govern
absent manifest error.

 

2.16.                        Interest Payment Dates; Interest and Fee
Basis.  Interest accrued on each
Floating Rate Advance shall be payable on each Payment Date, commencing with
the first such date to occur after the date hereof, on any date on which such
Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and
at maturity.  Interest accrued on that
portion of the outstanding principal amount of any Floating Rate Advance
converted into a Eurocurrency Advance on a day other than a Payment Date shall
be payable on the date of conversion. 
Interest accrued on each Eurocurrency Advance shall be payable on the
last day of each Interest Period therefor, on any date on which such
Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at
maturity.  Interest accrued on each
Eurocurrency Advance having an Interest Period longer than three months shall
also be payable on the last day of each three-month interval during such
Interest Period.  Interest and facility
fees shall be calculated for actual days elapsed on the basis of a 360-day
year, except for interest on
Loans denominated in British Pounds Sterling which shall be calculated for
actual days elapsed on the basis of a 365-day year.  Interest shall be payable for the day an
Advance is made but not for the day of any payment on the amount paid if
payment is received prior to noon (local time) at the place of payment.  If any payment of principal of or interest on
an Advance shall become due on a day which is not a Business Day, such payment
shall be made on the next succeeding Business Day and, in the case of a
principal payment, such extension of time shall be included in computing
interest in connection with such payment.

 

2.17.                        Notification of Advances, Interest
Rates, Prepayments and Commitment Reductions.  Promptly after receipt thereof, the
Administrative Agent will notify each Lender of the contents of each Aggregate
Commitment reduction notice, Borrowing Notice, 

 

19

 

Conversion/Continuation
Notice, and repayment notice received by it hereunder.  The Administrative Agent will notify each
Lender of the interest rate applicable to each Eurocurrency Advance promptly
upon determination of such interest rate and will give each Lender prompt
notice of each change in the Alternate Base Rate.

 

2.18.                        Letters of Credit.

 

(a)                                  Issuance.  Each Issuer hereby agrees, on the terms and
conditions set forth in this Agreement, to issue standby letters of credit
denominated in Agreed Currencies and to renew, extend, increase, decrease or
otherwise modify Letters of Credit (“Modify,” and each such action a “Modification”)
from time to time from the date of this Agreement to the Facility Termination
Date upon the request of a Borrower; provided that immediately after
each such Letter of Credit is issued or Modified, (i) the Aggregate Outstanding
Credit Exposure shall not exceed the Aggregate Commitment and (ii) the Letter
of Credit Obligations shall not exceed $50,000,000.  No Letter of Credit shall have an expiry date
after the earlier of (x) the scheduled Facility Termination Date and (y) the
date that is one year after the date of issuance thereof (provided that any
Letter of Credit with a one-year tenor may provide for the renewal thereof for
additional one-year periods not to extend beyond the scheduled Facility
Termination Date).

 

(b)                                 Participations.  Upon the issuance or Modification by the
Issuer of a Letter of Credit in accordance with this Section 2.18,
the applicable Issuer shall be deemed, without further action by any Person, to
have unconditionally and irrevocably sold to each Lender, and each Lender shall
be deemed, without further action by any Person, to have unconditionally and
irrevocably purchased from such Issuer, a participation in such Letter of
Credit (and each Modification thereof) and the related Letter of Credit
Obligations in proportion to its Pro Rata Share.

 

(c)                                  Notice.  Subject to Section 2.18(a), the
applicable Borrower shall give the applicable Issuer notice prior to 10:00 a.m.
(Chicago time) at least three Business Days (or such lesser period of time as
such Issuer may agree in its sole discretion) prior to the proposed date of
issuance or Modification of each Letter of Credit, specifying the beneficiary,
the proposed date of issuance (or Modification), the currency in which such
Letter of Credit is to be denominated (which shall be an Agreed Currency) and
the expiry date of such Letter of Credit, and describing the proposed terms of
such Letter of Credit and the nature of the transactions proposed to be
supported thereby.  Upon receipt of such
notice, the applicable Issuer shall promptly notify the Administrative Agent,
and the Administrative Agent shall promptly notify each Lender, of the contents
thereof and of the amount of such Lender’s participation in such proposed
Letter of Credit.  The issuance or
Modification by an Issuer of any Letter of Credit shall, in addition to the
conditions precedent set forth in Article IV (the satisfaction of
which such Issuer shall have no duty to ascertain, it being understood,
however, that such Issuer shall not issue any Letter of Credit if it has
received written notice from any Borrower, the Administrative Agent or any
Lender that any such condition precedent has not been satisfied), be subject to
the conditions precedent that such Letter of Credit shall be satisfactory to
such Issuer and that the applicable Borrower shall have executed and delivered
such application agreement and/or such other instruments and agreements
relating to such Letter of Credit as the Issuer shall have reasonably requested
(each a “Letter of Credit Application”). 
In the event of any conflict between the terms

 

20

 

of this
Agreement and the terms of any Letter of Credit Application, the terms of this
Agreement shall control.

 

(d)                                 Letter
of Credit Fees.  Each Borrower shall
pay to the Administrative Agent, for the account of the Lenders ratably in
accordance with their respective Pro Rata Shares, with respect to each Letter
of Credit, a letter of credit fee (the “Letter of Credit Fee”) at a per annum
rate equal to the Letter of Credit Fee Rate in effect from time to time on the
maximum undrawn amount which may at any time thereafter be available under such
Letter of Credit, such fee to be payable in arrears on each Payment Date, on
the Facility Termination Date and, after the Facility Termination Date (if
applicable), on demand.  The Company
shall also pay to each Issuer for its own account (x) a fronting fee in the
amount agreed to by such Issuer and the Company from time to time, with such
fee to be payable in arrears on each Payment Date, and (y) documentary and
processing charges in connection with the issuance or Modification of and draws
under Letters of Credit in accordance with such Issuer’s standard schedule for
such charges as in effect from time to time.

 

(e)                                  Administration;
Reimbursement by Lenders.  Upon
receipt from the beneficiary of any Letter of Credit of any demand for payment
under such Letter of Credit, the applicable Issuer shall notify the
Administrative Agent and the Administrative Agent shall promptly notify the
applicable Borrower and each Lender of the amount to be paid by such Issuer as
a result of such demand and the proposed payment date (the “Letter of Credit
Payment Date”).  The responsibility of
any Issuer to the applicable Borrower and each Lender shall be only to
determine that the documents delivered under each Letter of Credit issued by it
in connection with a demand for payment are in conformity in all material respects
with such Letter of Credit.  Each Issuer
shall endeavor to exercise the same care in its issuance and administration of
Letters of Credit as it does with respect to letters of credit in which no
participations are granted, it being understood that in the absence of any
gross negligence or willful misconduct by such Issuer, each Lender shall,
subject to Section 2.24, be unconditionally and irrevocably
obligated, without regard to the occurrence of any Default or any condition
precedent whatsoever, to reimburse such Issuer on demand for such Lender’s Pro
Rata Share of the amount of each payment made by such Issuer under each Letter
of Credit issued by it to the extent such amount is not reimbursed by the
Borrowers pursuant to Section 2.18(f), plus interest on the
foregoing amount, for each day from the date of the applicable payment by the
Issuer to the date on which such Issuer is reimbursed by such Lender for its
Pro Rata Share thereof, at a rate per annum equal to the Federal Funds
Effective Rate or, beginning on third Business Day after demand for such amount
by such Issuer, the rate applicable to Floating Rate Advances.

 

(f)                                    Reimbursement
by Borrowers.  The applicable
Borrower shall be irrevocably and unconditionally obligated to reimburse each
Issuer on or before the applicable Letter of Credit Payment Date for any amount
to be paid by such Issuer upon any drawing under any Letter of Credit issued
for the account of such Borrower, without presentment, demand, protest or other
formalities of any kind; provided that such Borrower shall not be
precluded from asserting any claim for direct (but not consequential) damages
suffered by such Borrower to the extent, but only to the extent, caused by the
willful misconduct or gross negligence of such Issuer in determining whether a
request presented under any Letter of Credit complied with the terms of such
Letter of Credit or such Issuer’s failure to pay under any Letter of Credit
after the presentation to it of a request strictly complying with the terms and
conditions of such Letter of

 

21

 

Credit.  All such amounts paid by an Issuer and
remaining unpaid by a Borrower shall bear interest, payable on demand, for each
day until paid at a rate per annum equal to the sum of 2% plus the rate
applicable to Floating Rate Advances. 
Each Issuer will pay to each Lender ratably in accordance with its Pro
Rata Share all amounts received by it from a Borrower for application in payment,
in whole or in part, of the Reimbursement Obligation in respect of any Letter
of Credit issued by such Issuer, but only to the extent such Lender made
payment to such Issuer in respect of such Letter of Credit pursuant to Section 2.18(e).

 

(g)                                 Obligations
Absolute.  The Borrowers’ obligations
under this Section 2.18 shall be absolute and unconditional under
any and all circumstances and irrespective of any setoff, counterclaim or
defense to payment which any Borrower may have or have had against any Issuer,
any Lender or any beneficiary of a Letter of Credit.  The Borrowers further agree with the Issuers
and the Lenders that neither any Issuer nor any Lender shall be responsible
for, and no Borrower’s Reimbursement Obligation in respect of any Letter of
Credit shall be affected by, among other things, the validity or genuineness of
documents or of any endorsements thereon, even if such documents should in fact
prove to be in any or all respects invalid, fraudulent or forged, or any
dispute between or among any Borrower, any of its Affiliates, the beneficiary
of any Letter of Credit or any financing institution or other party to whom any
Letter of Credit may be transferred or any claims or defenses whatsoever of any
Borrower or of any of its Affiliates against the beneficiary of any Letter of
Credit or any such transferee.  No Issuer
shall be liable for any error, omission, interruption or delay in transmission,
dispatch or delivery of any message or advice, however transmitted, in
connection with any Letter of Credit issued by it.  Each Borrower agrees that any action taken or
omitted by any Issuer or any Lender under or in connection with any Letter of
Credit issued for the account of such Borrower and the related drafts and
documents, if done without gross negligence or willful misconduct, shall be
binding upon such Borrower and shall not put any Issuer or any Lender under any
liability to such Borrower.  Nothing in
this Section 2.18(g) is intended to limit the right of any Borrower
to make a claim against any Issuer for damages as contemplated by the proviso
to the first sentence of Section 2.18(f).

 

(h)                                 Actions
of Issuer.  Each Issuer shall be
entitled to rely, and shall be fully protected in relying, upon any Letter of
Credit, draft, writing, resolution, notice, consent, certificate, affidavit, letter,
cablegram, telegram, facsimile, telex or teletype message, statement, order or
other document believed by it to be genuine and correct and to have been
signed, sent or made by the proper Person or Persons, and upon advice and
statements of legal counsel, independent accountants and other experts selected
by such Issuer.  Each Issuer shall be
fully justified in failing or refusing to take any action under this Agreement
unless it shall first have received such advice or concurrence of the Required
Lenders as it reasonably deems appropriate or it shall first be indemnified to
its reasonable satisfaction by the Lenders against any and all liability and
expense which may be incurred by it by reason of taking or continuing to take
any such action. Notwithstanding any other provision of this Section 2.18,
each Issuer shall in all cases be fully protected in acting, or in refraining
from acting, under this Agreement in accordance with a request of the Required
Lenders, and such request and any action taken or failure to act pursuant
thereto shall be binding upon the Lenders and any future holder of a
participation in any Letter of Credit issued by such Issuer.

 

22

 

(i)                                     Indemnification.  The Borrowers jointly and severally agree to
indemnify and hold harmless each Lender, each Issuer and the Administrative
Agent, and their respective Related Parties, from and against any and all
claims and damages, losses, liabilities, costs or expenses which such Person
may incur (or which may be claimed against such Person by any other Person) by
reason of or in connection with the issuance, execution and delivery or
transfer of or payment or failure to pay under any Letter of Credit or any
actual or proposed use of any Letter of Credit, including any claims, damages,
losses, liabilities, costs or expenses which any Issuer may incur by reason of
or in connection with  the failure of any
other Lender to fulfill or comply with its obligations to such Issuer hereunder
(but nothing herein contained shall affect any right any Borrower may have
against any defaulting Lender) or by reason of or on account of such Issuer
issuing any Letter of Credit which specifies that the term “Beneficiary”
therein includes any successor by operation of law of the named Beneficiary,
but which Letter of Credit does not require that any drawing by any such
successor Beneficiary be accompanied by a copy of a legal document,
satisfactory to such Issuer, evidencing the appointment of such successor
Beneficiary; provided that the Borrowers shall not be required to
indemnify any Person for any claims, damages, losses, liabilities, costs or
expenses to the extent, but only to the extent, caused by (x) the willful
misconduct or gross negligence of any Issuer in determining whether a request
presented under any Letter of Credit issued by such Issuer complied with the
terms of such Letter of Credit or (y) any Issuer’s failure to pay under any
Letter of Credit after the presentation to it of a request strictly complying
with the terms and conditions of such Letter of Credit.  Nothing in this Section 2.18(i)
is intended to limit the obligations of the Borrowers under any other provision
of this Agreement.

 

(j)                                     Lenders’
Indemnification.  Each Lender shall,
ratably in accordance with its Pro Rata Share, indemnify each Issuer and its
Related Parties (to the extent not reimbursed by the Borrowers) against any
cost, expense (including reasonable counsel fees and charges), claim, demand,
action, loss or liability (except such as result from such indemnitees’ gross
negligence or willful misconduct or such Issuer’s failure to pay under any
Letter of Credit issued by it after the presentation to it of a request
strictly complying with the terms and conditions of such Letter of Credit) that
such indemnitees may suffer or incur in connection with this Section 2.18
or any action taken or omitted by such indemnitees hereunder.

 

(k)                                  LC
Collateral Account.  Each Borrower
agrees that it will establish on the Facility Termination Date (or on such
earlier date as may be required pursuant to Section 8.1), and
thereafter maintain so long as any Letter of Credit issued for the account of
such Borrower is outstanding or any amount is payable to any Issuer or the
Lenders in respect of any such Letter of Credit, a special collateral account
pursuant to arrangements satisfactory to the Administrative Agent (each an “LC
Collateral Account”) at the Administrative Agent’s office at the address
specified pursuant to Article XIII, in the name of such Borrower
but under the sole dominion and control of the Administrative Agent, for the
benefit of the Lenders, and in which such Borrower shall have no interest other
than as set forth in Section 8.1. 
Each Borrower hereby pledges, assigns and grants to the Administrative
Agent, on behalf of and for the ratable benefit of the Lenders and the Issuers,
a security interest in all of such Borrower’s right, title and interest in and
to all funds which may from time to time be on deposit in the applicable LC
Collateral Account, to secure the prompt and complete payment and performance
of the Obligations of such Borrower.  The
Administrative Agent will invest any funds on deposit from time to time in any
LC Collateral Account in certificates of deposit of Bank One having a maturity
not

 

23

 

exceeding 30
days.  If funds are deposited in an LC
Collateral Account pursuant to Section 2.7.3 and the provisions of Section 8.1
are not applicable, then the Administrative Agent shall release from the LC
Collateral Account to the applicable Borrower, upon the expiration or
termination of, or any reduction in the amount available under, any applicable
Letter of Credit, an amount equal to the excess (if any) of all funds in such
LC Collateral Account over the Letter of Credit Obligations of such Borrower.

 

(l)                                     Rights
as a Lender.  In its capacity as a
Lender, each Issuer shall have the same rights and obligations as any other
Lender.

 

2.19.                        Lending Installations.  Each Lender will book its Loans at the
appropriate Lending Installation listed on its Administrative Questionnaire or
such other Lending Installation designated by such Lender in accordance with
the final sentence of this Section 2.19.  All terms of this Agreement shall apply to any
such Lending Installation and the Loans and any Notes issued hereunder shall be
deemed held by each Lender for the benefit of any such Lending
Installation.  Each Lender may, by
written notice to the Administrative Agent and the Company in accordance with Article XIII,
designate replacement or additional Lending Installations through which Loans
will be made by it and for whose account Loan payments are to be made.

 

2.20.                        Non-Receipt of Funds by the Administrative
Agent.  Unless a Borrower or a
Lender, as the case may be, notifies the Administrative Agent prior to the date
on which it is scheduled to make payment to the Administrative Agent of (i) in
the case of a Lender, the proceeds of a Loan or (ii) in the case of a Borrower,
a payment of principal, interest or fees to the Administrative Agent for the
account of the Lenders, that it does not intend to make such payment, the
Administrative Agent may assume that such payment has been made.  The Administrative Agent may, but shall not
be obligated to, make the amount of such payment available to the intended
recipient in reliance upon such assumption. 
If such Lender or such Borrower, as the case may be, has not in fact
made such payment to the Administrative Agent, the recipient of such payment
shall, on demand by the Administrative Agent, repay to the Administrative Agent
the amount so made available together with interest thereon in respect of each
day during the period commencing on the date such amount was so made available
by the Administrative Agent until the date the Administrative Agent recovers
such amount at a rate per annum equal to (x) in the case of payment by a
Lender, the Federal Funds Effective Rate for such day for the first three days
and, thereafter, the interest rate applicable to the relevant Loan or (y) in
the case of payment by a Borrower, the interest rate applicable to the relevant
Loan.

 

2.21.                        Market Disruption.  Notwithstanding the satisfaction of all
conditions referred to in Article II and Article IV
with respect to any Advance in any Agreed Currency other than Dollars, if there
shall occur on or prior to the date of such Advance any change in national or
international financial, political or economic conditions or currency exchange
rates or exchange controls which would in the reasonable opinion of the
Administrative Agent or the Required Lenders make it impracticable for the
Eurocurrency Loans comprising such Advance to be denominated in the Agreed
Currency specified by the applicable Borrower, then the Administrative Agent
shall forthwith give notice thereof to the Borrowers and the Lenders, and such
Loans shall not be denominated in such Agreed Currency but shall, except as
otherwise set forth in Section 2.14, be made on such Borrowing Date
in Dollars, in an aggregate principal amount equal to the Dollar Amount of the
aggregate principal amount specified in the related

 

24

 

Borrowing
Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate
Loans, unless the applicable Borrower notifies the Administrative Agent at
least one Business Day before such date that (i) it elects not to borrow on
such date or (ii) it elects to borrow on such date in a different Agreed
Currency, as the case may be, in which the denomination of such Loans would in
the opinion of the Administrative Agent and the Required Lenders be practicable
and in an aggregate principal amount approximately equal to the Dollar Amount
of the aggregate principal amount specified in the related Borrowing Notice or
Conversion/Continuation Notice, as the case may be.

 

2.22.                        Judgment Currency.  If for the purposes of obtaining judgment in
any court it is necessary to convert a sum due from a Borrower hereunder in the
currency expressed to be payable herein (the “specified currency”) 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 the Administrative Agent could purchase
the specified currency with such other currency at the Administrative Agent’s
main Chicago office on the Business Day preceding that on which final, non-appealable
judgment is given.  The obligations of
the Borrowers in respect of any sum due to any Lender or the Administrative
Agent hereunder shall, notwithstanding any judgment in a currency other than
the specified currency, be discharged only to the extent that on the Business
Day following receipt by such Lender or the Administrative Agent (as the case
may be) of any sum adjudged to be so due in such other currency such Lender or
the Administrative Agent (as the case may be) may in accordance with normal,
reasonable banking procedures purchase the specified currency with such other
currency.  If the amount of the specified
currency so purchased is less than the sum originally due to such Lender or the
Administrative Agent, as the case may be, in the specified currency, the
Borrowers jointly and severally agree, to the fullest extent that they may
effectively do so, as a separate obligation and notwithstanding any such
judgment, to indemnify such Lender or the Administrative Agent, as the case may
be, against such loss, and if the amount of the specified currency so purchased
exceeds (a) the sum originally due to any Lender or the Administrative Agent,
as the case may be, in the specified currency and (b) any amounts shared with
other Lenders as a result of allocations of such excess as a disproportionate
payment to such Lender under Section 11.2, such Lender or the
Administrative Agent, as the case may be, agrees to remit such excess to the
Borrowers.

 

2.23.                        Borrowing Subsidiaries; Company as
agent for Borrowing Subsidiaries.

 

(a)                                  The
Company may designate any Subsidiary as a Borrowing Subsidiary; provided
that (i) the Company shall give the Administrative Agent (which shall promptly
notify each Lender) not less than 10 days’ notice of such proposed designation
of a Borrowing Subsidiary, (ii) no Subsidiary may become a Borrowing Subsidiary
without the written consent of the Administrative Agent (which consent, if
granted, may limit the portion of the Aggregate Commitment that will be made
available to, or place other conditions on Loans to, such Borrowing Subsidiary)
and (iii) if any Lender determines in good faith and notifies the
Administrative Agent that lending to such proposed Borrowing Subsidiary would
be illegal, impossible or impractical for such Lender or would result in costs
or expenses for which such Lender would not be indemnified by the proposed
Borrowing Subsidiary or the Company pursuant hereto, or the Company determines
in good faith and notifies the Administrative Agent that Loans to such proposed
Borrowing Subsidiary by any Lender would result in payments

 

25

 

pursuant to Section 3.1
or 3.4 that are materially in excess of the payments that would be made
to the other Lenders pursuant to such Sections, then (x) the applicable Lender
shall have no obligation to make Loans to such Borrowing Subsidiary and (y) the
applicable Borrowing Subsidiary Agreement shall specify which Lenders are to be
BSub Lenders with respect to such Borrowing Subsidiary and the amount of the
applicable BSub Commitments of such Lenders (which, absent agreement to the contrary
among the Company, the applicable BSub Lenders and the Administrative Agent,
shall be equal to the percentage that the amount of such BSub Lenders’
Commitments is of the aggregate amount of the Commitments of all Lenders that
will be BSub Lenders with respect to such Borrowing Subsidiary).  Subject to the foregoing, upon delivery to
the Administrative Agent of a Borrowing Subsidiary Agreement signed by the
Company and the proposed Borrowing Subsidiary, and the Administrative Agent’s
consent thereto, the applicable Subsidiary shall become a Borrowing Subsidiary
and a party to this Agreement.

 

(b)                                 Any
Borrowing Subsidiary shall cease to be a Borrowing Subsidiary hereunder if such
Borrowing Subsidiary and the Company shall have executed and delivered to the
Administrative Agent a Borrowing Subsidiary Termination in the form of Exhibit
G-2; provided that at such time no Multicurrency Loans made to, or
Letters of Credit issued for the account of, such Borrowing Subsidiary are then
outstanding.

 

(c)                                  Each
Borrowing Subsidiary hereby irrevocably appoints and authorizes the Company to
take such action and deliver and receive notices hereunder as agent on its
behalf and to exercise such powers under this Agreement as are delegated to it
by the terms hereof, together with all such powers as are reasonably incidental
thereto.  In furtherance of and not in
limitation of the foregoing, for administrative convenience of the parties
hereto, the Administrative Agent and the Lenders shall send all notices and
communications to be sent to any Borrowing Subsidiary solely to the Company and
may rely solely upon the Company to receive all such notices and other
communications for and on behalf of each Borrowing Subsidiary.  No Person other than the Company (and its
authorized officers and employees) may act as agent for any Borrowing
Subsidiary hereunder without the written consent of the Administrative Agent.

 

2.24.                        Effect of Participation Funding
Notice.

 

(a)                                  Each
Lender that is not a BSub Lender with respect to any Borrowing Subsidiary
agrees that it shall at all times have a participation in and acknowledges that
it is irrevocably and unconditionally obligated, upon receipt of notice that
the Administrative Agent has received a Participation Funding Notice, to fund
(or to cause an Affiliate to fund) its participation in, (i) its Pro Rata Share
of all Loans to such Borrowing Subsidiary.

 

(b)                                 The
Administrative Agent shall promptly notify each Lender of its receipt of a
Participation Funding Notice.  Promptly
upon receipt of such Participation Funding Notice, (i) each Lender that is not
a BSub Lender with respect to any Borrowing Subsidiary shall (or shall cause an
Affiliate to) make available to the Administrative Agent for the account of the
BSub  Lenders with respect to such
Borrowing Subsidiary an amount in each applicable currency and in immediately
available funds equal to its Pro Rata Share of all outstanding Loans to such
Borrowing Subsidiary.  If any Lender so
notified fails to make available to the Administrative Agent for the account of
the applicable other Lenders the full amount of such Lender’s

 

26

 

participations
in all applicable Loans by 12:00 noon, Local Time, on the Business Day
following its receipt of such notice from the Administrative Agent (or two
Business Days following receipt of such notice if such notice is received after
12:00 noon, Local Time, on any Business Day), then interest shall accrue on
such Lender’s obligation to fund such participations, from the date such
obligation became due to the date such Lender pays such obligations in full, at
a rate per annum equal to the Federal Funds Rate in effect from time to time
(or a comparable rate determined by the Administrative Agent to be appropriate
for the applicable currency) plus, beginning three Business Days after such
amount was due, 2%.  The Administrative
Agent shall promptly distribute to each Lender an amount equal to its
applicable share of the amount received from any other Lender to fund its participation
in the Loans of such Lender together with its applicable share of any interest
received from such other Lender pursuant to the previous sentence, in the same
funds as those received by the Administrative Agent.

 

(c)                                  From
and after the date on which the Administrative Agent has received a
Participation Funding Notice, all funds received by the Administrative Agent in
payment of any Loan and interest thereon shall be distributed by the
Administrative Agent, in the same funds as those received by the Administrative
Agent, to all Lenders in accordance with their respective Pro Rata Shares
(i.e., giving effect to the funding of participations pursuant to this Section 2.24),
except that (i) any such funds otherwise payable to any Lender that has not funded
its participations as provided herein shall be distributed ratably to the other
Lenders until such participations have been funded.

 

(d)                                 Each
Lender’s obligation to purchase participation interests in Loans pursuant to
this Section 2.24 shall be absolute and unconditional and shall not
be affected by any circumstance whatsoever, including (i) any set-off,
counterclaim, recoupment, defense or other right which such Lender may have
against the Administrative Agent, any other Lender, any Borrower or any other
Person for any reason whatsoever, (ii) the occurrence or continuance of a
Default or an Unmatured Default, (iii) any adverse change in the condition
(financial or otherwise) of any Borrower or any other Person, (iv) any breach
of this Agreement by any Borrower or any other Lender, (v) any inability of any
Borrower to satisfy the conditions precedent to borrowing set forth in this
Agreement on the date upon which any participation interest in any Loan is to
be purchased or (vi) any other circumstance, happening or event whatsoever,
whether or not similar to any of the foregoing.

 

2.25.                        Funding of Participations in Dollars.  Any Lender may fund its purchase of a
participation in any Letter of Credit denominated in any currency other than
Dollars, or its participation in a Loan denominated in a currency other than
Dollars pursuant to Section 2.24, by delivering to the
Administrative Agent on the date such participation is to be funded an amount
in Dollars equal to the sum of (a) the amount necessary for the Administrative
Agent to purchase on such date in accordance with its customary procedures an
amount in the applicable currency sufficient to fund such Lender’s required
participation payment plus (b) the reasonable and customary costs, fees and
expenses of the Administrative Agent in making such purchase.

 

27

 

ARTICLE III

YIELD PROTECTION; TAXES

 

3.1.                              Yield Protection.  If, on or after the date of this Agreement,
the adoption of any law or any governmental or quasi-governmental rule,
regulation, policy, guideline or directive (whether or not having the force of
law), or any change in the interpretation or administration thereof by any
governmental or quasi-governmental authority, central bank or comparable agency
charged with the interpretation or administration thereof, or compliance by any
Lender, any applicable Lending Installation or any Issuer with any request or
directive (whether or not having the force of law) of any such authority,
central bank or comparable agency:

 

(a)                                  subjects
any Lender, any applicable Lending Installation or any Issuer to any Taxes, or
changes the basis of taxation of payments (other than with respect to Excluded
Taxes) to any Lender or any Issuer in respect of its Eurocurrency Loans or
Letters of Credit or participations therein;

 

(b)                                 imposes
or increases or deems applicable any reserve, assessment, insurance charge,
special deposit or similar requirement against assets of, deposits with or for
the account of, or credit extended by, any Lender, any applicable Lending
Installation or any Issuer (other than reserves and assessments taken into
account in determining the interest rate applicable to Eurocurrency Advances);
or

 

(c)                                  imposes
any other condition the result of which is to increase the cost to any Lender,
any applicable Lending Installation or any Issuer of making, funding or
maintaining its Eurocurrency Loans or of issuing or participating in Letters of
Credit or reduces any amount receivable by any Lender, any applicable Lending
Installation or any Issuer in connection with its Eurocurrency Loans or Letters
of Credit, or requires any Lender, any applicable Lending Installation or any
Issuer to make any payment calculated by reference to the amount of
Eurocurrency Loans or Letters of Credit held or interest received by it, by an
amount deemed material by such Lender or such Issuer, as the case may be,

 

and the result of any of the foregoing is to increase the cost to such
Lender, such applicable Lending Installation or such Issuer of making or
maintaining its Eurocurrency Loans, Letters of Credit or Commitment or to
reduce the return received by such Lender, such applicable Lending Installation
or such Issuer in connection with such Eurocurrency Loans, Letters of Credit or
Commitment, then, within 15 days of demand by such Lender or such Issuer, the
Borrowers shall pay such Lender or such Issuer such additional amount or
amounts as will compensate such Lender or such Issuer for such increased cost
or reduction in amount received.

 

3.2.                              Availability of Types of Advances.  If any Lender determines that maintenance of
its Eurocurrency Loans at a suitable Lending Installation would violate any
applicable law, rule, regulation, or directive, whether or not having the force
of law, or if the Required Lenders determine that (i) deposits of a type,
currency and maturity appropriate to match fund Eurocurrency Advances are not
available or (ii) the interest rate applicable to Eurocurrency Advances does
not accurately reflect the cost of making or maintaining Eurocurrency Advances,
then the Administrative Agent shall suspend the availability of Eurocurrency
Advances and require any affected Eurocurrency Advances to be repaid or, in the
case of Advances to the Company, converted to Floating Rate Advances, subject
to the payment of any funding indemnification amounts required by Section 3.3.

 

28

 

3.3.                              Funding Indemnification.  If any payment of a Eurocurrency Advance
occurs on a date which is not the last day of the applicable Interest Period,
whether because of acceleration, prepayment or otherwise, or a Eurocurrency
Advance is not made on the date specified by the applicable Borrower for any
reason other than default by the Lenders, the Borrowers will jointly and
severally indemnify each Lender for any loss or cost incurred by it resulting
therefrom, including any loss or cost in liquidating or employing deposits
acquired to fund or maintain such Eurocurrency Advance.

 

3.4.                              Taxes.  (a)  All payments by the Borrowers to or for the
account of any Lender, any Issuer or the Administrative Agent hereunder or
under any other Loan Document shall be made free and clear of and without
deduction for any and all Taxes.  If any
Borrower shall be required by law to deduct any Taxes from or in respect of any
sum payable hereunder to any Lender, any Issuer or the Administrative Agent,
(i) the sum payable shall be increased as necessary so that after making all
required deductions (including deductions applicable to additional sums payable
under this Section 3.4) such Lender, such Issuer or the
Administrative Agent (as the case may be) receives an amount equal to the sum
it would have received had no such deductions been made, (ii) such Borrower
shall make such deductions, (iii) the Borrower shall pay the full amount
deducted to the relevant authority in accordance with applicable law and (iv)
such Borrower shall furnish to the Administrative Agent the original copy of a
receipt evidencing payment thereof within 30 days after such payment is made.

 

(b)                                 In
addition, the Borrowers hereby agree to pay any present or future stamp or
documentary taxes and any other excise or property taxes, charges or similar
levies which arise from any payment made hereunder or under any Note or from
the execution or delivery of, or otherwise with respect to, this Agreement or
any other Loan Document (“Other Taxes”).

 

(c)                                  The
Borrowers jointly and severally hereby agree to indemnify the Administrative
Agent, each Lender and each Issuer for the full amount of Taxes or Other Taxes
(including any Taxes or Other Taxes imposed on amounts payable under this Section 3.4)
paid by the Administrative Agent, such Lender or such Issuer as a result of its
Commitment, any Credit Extension made by it hereunder, or otherwise in
connection with its participation in this Agreement and any liability
(including penalties, interest and expenses) arising therefrom or with respect
thereto.  Payments due under this
indemnification shall be made within 30 days of the date the Administrative
Agent, such Lender or such Issuer makes demand therefor pursuant to Section 3.5.

 

(d)                                 Each
Lender that is not incorporated under the laws of the United States of America
or a state thereof (each a “Non-U.S. Lender”) agrees that it will, not more
than ten Business Days after the date of this Agreement, (i) deliver to the
Administrative Agent two duly completed copies of United States Internal
Revenue Service Form W-8BEN or W-8ECI, certifying in either case that such
Lender is entitled to receive payments under this Agreement without deduction
or withholding of any United States federal income taxes, and (ii) deliver to
the Administrative Agent a United States Internal Revenue Form W-8 or W-9, as
the case may be, and certify that it is entitled to an exemption from United
States backup withholding tax.  Each
Non-U.S. Lender further undertakes to deliver to the Company and the Administrative
Agent (x) renewals or additional copies of such form (or any successor form) on
or before the date that such form expires or becomes obsolete, and (y) after
the occurrence of any event

 

29

 

requiring a
change in the most recent forms so delivered by it, such additional forms or
amendments thereto as may be reasonably requested by the Company or the
Administrative Agent.  All forms or
amendments described in the preceding sentence shall certify that such Lender
is entitled to receive payments under this Agreement without deduction or
withholding of any United States federal income taxes, unless an event
(including any change in treaty, law or regulation) has occurred prior to the
date on which any such delivery would otherwise be required which renders all
such forms inapplicable or which would prevent such Lender from duly completing
and delivering any such form or amendment with respect to it and such Lender
advises the Company and the Administrative Agent that it is not capable of
receiving payments without any deduction or withholding of United States
federal income tax.

 

(e)                                  For
any period during which a Non-U.S. Lender has failed to provide the Company
with an appropriate form pursuant to clause (d) above (unless such
failure is due to a change in treaty, law or regulation, or any change in the
interpretation or administration thereof by any governmental authority,
occurring subsequent to the date on which a form originally was required to be
provided), such Non-U.S. Lender shall not be entitled to indemnification under
this Section 3.4 with respect to Taxes imposed by the United
States; provided that, should a Non-U.S. Lender which is otherwise
exempt from or subject to a reduced rate of withholding tax become subject to
Taxes because of its failure to deliver a form required under clause (iv)
above, the Borrowers shall take such steps as such Non-U.S. Lender shall
reasonably request to assist such Non-U.S. Lender to recover such Taxes.

 

(f)                                    Any
Lender that is entitled to an exemption from or reduction of withholding tax
with respect to payments under this Agreement or any Note pursuant to the law
of any relevant jurisdiction or any treaty shall deliver to the Company (with a
copy to the Administrative Agent), at the time or times prescribed by
applicable law, 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.

 

(g)                                 If
the U.S. Internal Revenue Service or any other governmental authority of the
United States or any other country or any political subdivision thereof asserts
a claim that the Administrative Agent did not properly withhold tax from
amounts paid to or for the account of any Lender (because the appropriate form
was not delivered or properly completed, because such Lender failed to notify
the Administrative Agent of a change in circumstances which rendered its
exemption from withholding ineffective, or for any other reason), such Lender
shall indemnify the Administrative Agent fully for all amounts paid, directly
or indirectly, by the Administrative Agent as tax, withholding therefor, or
otherwise, including penalties and interest, and including taxes imposed by any
jurisdiction on amounts payable to the Administrative Agent under this
subsection, together with all costs and expenses related thereto (including
attorneys fees and time charges of attorneys for the Administrative Agent,
which attorneys may be employees of the Administrative Agent).  The obligations of the Lenders under this Section 3.4(g)
shall survive the payment of the Obligations and termination of this Agreement.

 

3.5.                              Lender
Statements; Survival of Indemnity. 
To the extent reasonably possible, each Lender shall designate an
alternate Lending Installation with respect to its Eurocurrency Loans to reduce
any liability of the Borrowers to such Lender under Sections 3.1, 3.3
and 3.4 or to avoid the unavailability of Eurocurrency Advances under Section 3.2,
so long as such

 

30

 

designation is
not, in the judgment of such Lender, disadvantageous to such Lender.  Each Lender and each Issuer shall deliver a
written statement to the Company (with a copy to the Administrative Agent) as
to the amount due, if any, under Section 3.1, 3.3 or 3.4.  Such written statement shall set forth in
reasonable detail the calculations upon which such Lender or such Issuer
determined such amount and shall be final, conclusive and binding on the Borrowers
in the absence of manifest error. 
Determination of amounts payable under such Sections in connection with
a Eurocurrency Loan shall be calculated as though the applicable Lender funded
its Eurocurrency Loan through the purchase of a deposit of the type, currency
and maturity corresponding to the deposit used as a reference in determining
the Eurocurrency Rate applicable to such Loan, whether in fact that is the case
or not.  Unless otherwise provided
herein, the amount specified in the written statement of any Lender or any
Issuer shall be payable on demand after receipt by the Company of such written
statement.  The obligations of the
Borrowers under Sections 3.1, 3.3 and 3.4 shall survive
payment of the Obligations and termination of this Agreement.

 

ARTICLE IV

CONDITIONS PRECEDENT

 

4.1.                              Initial
Credit Extension.  The Lenders and
the Issuers shall not be required to make the initial Credit Extension
hereunder unless the Company has furnished to the Administrative Agent with
sufficient copies for the Lenders:

 

(a)                                  Copies
of the articles or certificate of incorporation (or similar formation
documents) of the Company, together with all amendments, and a certificate of
good standing, each certified by the appropriate governmental officer in its
jurisdiction of formation, as well as any other information required by Section 326
of the USA Patriot Act or necessary for the Administrative Agent or any Lender
to verify the identity of the Company as required by Section 326 of the
USA Patriot Act.

 

(b)                                 Copies,
certified by the Secretary or an Assistant Secretary of the Company, of its
by-laws and of the resolutions of its Board of Directors and of resolutions or
actions of any other body authorizing the execution of the Loan Documents to
which the Company is a party.

 

(c)                                  An
incumbency certificate, executed by the Secretary or an Assistant Secretary of
the Company, which shall identify by name and title and bear the signatures of
the Authorized Officers and any other officers of the Company authorized to
sign the Loan Documents to which the Company is a party, upon which certificate
the Administrative Agent and the Lenders shall be entitled to rely until
informed of any change in writing by the Company.

 

(d)                                 A
certificate, signed by the chief financial officer of the Company, stating that
on the date of the initial Credit Extension, no Default or Unmatured Default
has occurred and is continuing.

 

(e)                                  A
written opinion of counsel to the Company, addressed to the Lenders and in
substance reasonably acceptable to the Administrative Agent.

 

(f)                                    A
Note of the Company for each Lender that has requested Notes pursuant to Section 2.14.

 

31

 

(g)                                 Written
money transfer instructions, in substantially the form of Exhibit C,
addressed to the Administrative Agent and signed by an Authorized Officer,
together with such other related money transfer authorizations as the
Administrative Agent may have reasonably requested.

 

(h)                                 If
the initial Credit Extension will be the issuance of a Letter of Credit, a
properly completed Letter of Credit Application.

 

(i)                                     Certified
copies of all required consents and approvals from third parties, including
governmental approvals, with respect to the execution and delivery by the
Company of, and the performance by the Company of its obligations under, each
Loan Document to which it is a party.

 

(j)                                     Such
other documents as any Lender or its counsel may have reasonably requested.

 

4.2.                              Each
Credit Extension.  The Lenders shall
not be required to make any Credit Extension unless on the applicable Borrowing
Date or issuance date:

 

(a)                                  There
exists no Default or Unmatured Default.

 

(b)                                 The
representations and warranties contained in Article V (other than
(i) the representation and warranty in Section 5.4(c) and (ii)
solely with respect to Credit Extensions the proceeds of which will be used to
pay maturing commercial paper of the Company, the representation and warranty
in Section 5.5) are true and correct as of such Borrowing Date or
issuance date except to the extent any such representation or warranty is
stated to relate solely to an earlier date, in which case such representation
or warranty shall have been true and correct on and as of such earlier date.

 

(c)                                  All
legal matters incident to the making of such Credit Extension shall be
satisfactory to the Lenders and their counsel.

 

Each delivery of a Borrowing Notice and each request for the issuance
of a Letter of Credit shall constitute a representation and warranty by the
applicable Borrower (and, if the Company is not the Borrower, by the Company)
that the conditions contained in Sections 4.2(a) and (b) have
been satisfied.  Any Lender may require a
duly completed compliance certificate in substantially the form of Exhibit A
as a condition to making a Credit Extension.

 

4.3.                              Initial
Loans to a Borrowing Subsidiary.  The
Lenders shall not be required to make Loans to any Borrowing Subsidiary unless
(i) the conditions precedent set forth in Sections 4.1 and 4.2
have been satisfied and (ii) such Borrowing Subsidiary has furnished to the
Administrative Agent with sufficient copies for the Lenders:

 

(a)                                  Copies
of the articles or certificate of incorporation (or similar formation
documents) of such Borrowing Subsidiary, together with all amendments, and (to
the extent applicable) a certificate of good standing, each certified by the
appropriate governmental officer in its jurisdiction of formation, as well as
any other information required by Section 326 of the

 

32

 

USA Patriot
Act or necessary for the Administrative Agent or any Lender to verify the
identity of such Borrowing Subsidiary as required by Section 326 of the
USA Patriot Act.

 

(b)                                 Copies,
certified by the Secretary or Assistant Secretary of such Borrowing Subsidiary,
of its by-laws (or similar governing document) and of the resolutions of its
Board of Directors (or similar governing body) and of resolutions or actions of
any other body authorizing the execution of the Loan Documents to which such
Borrowing Subsidiary is a party.

 

(c)                                  An
incumbency certificate, executed by the Secretary or Assistant Secretary (or
comparable officer) of such Borrowing Subsidiary, which shall identify by name
and title and bear the signatures of the officers of such Borrowing Subsidiary
authorized to sign the Loan Documents to which such Borrowing Subsidiary is a
party, upon which certificate the Administrative Agent and the Lenders shall be
entitled to rely until informed of any change in writing by such Borrowing
Subsidiary.

 

(d)                                 A
written opinion of counsel to such Borrowing Subsidiary, addressed to the
Lenders and in substance reasonably acceptable to the Administrative Agent.

 

(e)                                  A
Note of such Borrowing Subsidiary for each Lender that has requested Notes
pursuant to Section 2.14.

 

(f)                                    Certified
copies of all required consents and approvals from third parties, including
governmental approvals, with respect to the execution and delivery by such
Borrowing Subsidiary of, and the performance by such Borrowing Subsidiary of
its obligations under, the Loan Documents to which it is a party.

 

(g)                                 Such
other documents as any Lender or its counsel may have reasonably requested.

 

ARTICLE V

REPRESENTATIONS AND WARRANTIES

 

The Company represents and warrants to the Lenders that:

 

5.1.                              Corporate
Existence and Power.  Each of the
Company and each Subsidiary is duly organized and validly existing, and each of
the Company and each Material Subsidiary is in good standing, under the laws of
the State of its formation, has all power and authority to carry on its
business as now being conducted and to own its properties and is duly licensed
or qualified and in good standing in each other jurisdiction in which its
properties are located or in which failure to qualify would materially and
adversely affect the conduct of its business or the enforceability of
contractual rights of the Company or such Subsidiary.

 

5.2.                              Corporate
Authorization.  The execution,
delivery and performance by each Borrower of this Agreement and the other Loan
Documents to which such Borrower is a party are within such Borrower’s
corporate or other company power, have been duly authorized by all necessary
corporate or other company action and will not contravene, or constitute a
default under, any provision of applicable law or regulation or of the
certificate or articles of incorporation (or similar formation document) or
by-laws (or similar governing document) of

 

33

 

such Borrower,
or of any judgment, order, decree, agreement or instrument binding on such
Borrower or result in the creation of any Lien upon any of its property or
assets.

 

5.3.                              Binding
Effect.  This Agreement constitutes,
and the other Loan Documents to which any Borrower is a party when duly
executed on behalf of such Borrower and delivered in accordance with this
Agreement will constitute, the valid and binding obligations of such Borrower,
enforceable against such Borrower in accordance with their respective terms.

 

5.4.                              Financial
Statements.

 

(a)                                  The
consolidated balance sheet of the Company and its Consolidated Subsidiaries as
at December 31, 2003 and the related consolidated statements of income and
cash flows of the Company and its Consolidated Subsidiaries for the fiscal year
then ended, certified by PriceWaterhouseCoopers, LLP, certified public
accountants, and set forth in the Company’s 2003 Form 10-K, a copy of which has
been delivered to each of the Lenders, fairly present, in conformity with
generally accepted accounting principles, the consolidated financial position
of the Company and its Consolidated Subsidiaries at such date and the
consolidated results of operations for such fiscal year.

 

(b)                                 The
unaudited consolidated balance sheet of the Company and its Consolidated
Subsidiaries as at June 30, 2004 and the related consolidated statements
of income and cash flows of the Company and its Consolidated Subsidiaries for
the six months then ended, set forth in the Company’s quarterly report for the
fiscal quarter ended June 30, 2004 as filed with the Securities and
Exchange Commission on Form 10-Q, a copy of which has been delivered to each of
the Lenders, fairly present in accordance with generally accepted accounting
principles, the consolidated financial position of the Company and its
Consolidated Subsidiaries as at such date and the consolidated results of
operations for such period.

 

(c)                                  No
material adverse change has occurred in the financial position, results of
operations or business of the Company and its Consolidated Subsidiaries since December 31,
2003.

 

5.5.                              Litigation and Contingent
Liabilities.  There are no
actions, suits or proceedings pending against or, to the knowledge of the
Company, threatened against or affecting the Company or any Subsidiary in any
court or before or by any governmental department, agency or instrumentality,
an adverse decision in which could have a Material Adverse Effect.  Other than any liability incident to such
litigation or proceedings, neither the Company nor any Subsidiary has any
contingent liabilities which are material to the Company and its Subsidiaries
taken as a whole and which are not provided for or disclosed in the financial
statements referred to in Section 5.4 or listed in Schedule 5.5.

 

5.6.                              Taxes.  The Company and each of its Subsidiaries has
filed (or has obtained extensions of the time by which it is required to file)
all United States federal income tax returns and all other material tax returns
required to be filed by it and has paid all taxes shown due on the returns so
filed as well as all other taxes, assessments and governmental charges which
have become due, except such taxes, if any, as are being contested in good
faith and as to which adequate reserves have been provided.

 

34

 

5.7.                              Governmental
and other Approvals.  No approval,
consent or authorization of or filing or registration with any governmental
authority or body is necessary for the execution, delivery or performance by
any Borrower of this Agreement or the other Loan Documents to which such Borrower
is a party or for the performance by such Borrower of any of the terms or
conditions hereof or thereof, except for such approvals, consents or
authorizations (copies of which have been delivered to the Lenders) as have
been obtained and are in full force and effect.

 

5.8.                              Compliance
with ERISA.  Each member of the
Controlled Group has fulfilled its obligations under the minimum funding
standards of ERISA and the Code with respect to each Plan and is in compliance
in all material respects with the presently applicable provisions of ERISA and
the Code, and has not incurred liabilities which are due and payable
aggregating in excess of $5,000,000 to the PBGC or a Plan under Title IV of
ERISA.

 

5.9.                              Environmental
Matters.  In the ordinary course of
its business, the Company conducts an ongoing review of the effect of
Environmental Laws on the business, operations and properties of the Company
and its Subsidiaries, in the course of which it identifies and evaluates
associated liabilities and costs (including any capital or operating
expenditures required for clean-up or closure of properties presently or
previously owned, any capital or operating expenditures required to achieve or
maintain compliance with environmental protection standards imposed by law or
as a condition of any license, permit or contract, any related constraints on
operating activities, including any periodic or permanent shutdown of any
facility or reduction in the level of or change in the nature of operations
conducted thereat, any costs or liabilities in connection with off-site
disposal of wastes or Hazardous Substances, and any actual or potential
liabilities to third parties, including employees, and any related costs and
expenses).  On the basis of such review,
the Company has reasonably concluded that such associated liabilities and
costs, including the costs of compliance with Environmental Laws, are unlikely
to have a Material Adverse Effect.

 

5.10.                        Ownership
of Properties; Liens.  The Company
and its Subsidiaries own good and marketable title to, or a valid leasehold
interest in, all Properties which are material to the Company and its
Subsidiaries taken as a whole, real and personal, tangible and intangible, of
any nature whatsoever (including patents, trademarks, trade names, service
marks and copyrights), free and clear of all Liens, charges and claims
(including infringement claims with respect to patents, trademarks, copyrights
and the like) except as permitted pursuant to Section 6.11.

 

5.11.                        Subsidiaries.  As of the date hereof, the Company has no
Subsidiaries except those listed in Schedule 5.11, and each
Subsidiary which is a Material Subsidiary is designated thereon.

 

5.12.                        Investment
Company Act.  Neither the Company nor
any Subsidiary is an “investment company” or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940.

 

5.13.                        Regulation
U.  No Borrower is engaged
principally, or as one of its important activities, in the business of
extending credit for the purpose of purchasing or carrying margin stock.

 

35

 

5.14.                        Accuracy
of Disclosure.  All information
heretofore or contemporaneously herewith furnished by the Company or any
Subsidiary to the Administrative Agent or any Lender for purposes of or in
connection with this Agreement and the transactions contemplated hereby is, and
all information hereafter furnished by or on behalf of the Company or any
Subsidiary to the Administrative Agent or any Lender pursuant hereto or in
connection herewith will be, true and accurate in every material respect on the
date as of which such information is dated or certified, and none of such
information is or will be incomplete by omitting to state any material fact
necessary to make such information not misleading.

 

5.15.                        No
Burdensome Restrictions.  Neither the
Company nor any Subsidiary 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.

 

ARTICLE VI

COVENANTS

 

During the term of this Agreement, unless the Required Lenders shall
otherwise consent in writing:

 

6.1.                              Financial
Statements.  The Company will
deliver, or caused to be delivered, to each of the Lenders:

 

(a)                                  as
soon as available and in any event within 120 days after the end of each fiscal
year of the Company (or, if earlier, 30 days after the date customarily
required to be filed by the Company with the Securities and Exchange
Commission), a consolidated balance sheet of the Company and its Consolidated
Subsidiaries as at the end of such year, and consolidated statements of income
and cash flows of the Company and its Consolidated Subsidiaries for such year,
setting forth in each case in comparative form corresponding consolidated
figures from the preceding fiscal year, all reported on in a manner acceptable
to the Securities and Exchange Commission by PriceWaterhouseCoopers, LLP or
other independent certified public accountants of nationally recognized
standing;

 

(b)                                 as
soon as available and in any event within 45 days after the end of each of the
first three quarters of each fiscal year of the Company (or, if earlier, 15
days after the date required to be filed by the Company with the Securities and
Exchange Commission), a consolidated balance sheet of the Company and its
Consolidated Subsidiaries as at the end of such quarter and the related
consolidated statements of income and cash flow of the Company and its
Consolidated Subsidiaries for such quarter and for the portion of the Company’s
fiscal year ended at the end of such quarter setting forth in each case in
comparative form the figures for the corresponding quarter and the
corresponding portion of the Company’s previous fiscal year, all certified
(subject to normal year-end adjustments) as to fairness of presentation,
generally accepted accounting principles and consistency by the chief financial
officer or the chief accounting officer of the Company;

 

(c)                                  simultaneously
with the delivery of each set of financial statements referred to in clauses
(a) and (b) above, a certificate of the chief financial officer or
the chief accounting

 

36

 

officer of the
Company (i) setting forth in reasonable detail the calculations required to
establish whether the Company was in compliance with the requirements of Sections
6.9 and 6.10 on the date of such financial statements and (ii)
stating whether there exists on the date of such certificate any Default or
Unmatured Default and, if any Default or Unmatured Default exists, setting
forth the details thereof and the action which the Company is taking or
proposes to take with respect thereto;

 

(d)                                 simultaneously
with the delivery of each set of financial statements referred to in clause
(a) above, a statement of the firm of independent public accountants which
reported on such statements (i) to the effect that nothing has come to their
attention to cause them to believe that there existed on the date of such
statements any Default or Unmatured Default and (ii) confirming the
calculations set forth in the officer’s certificate delivered simultaneously
therewith pursuant to clause (c) above;

 

(e)                                  forthwith
upon the occurrence of any Default or Unmatured Default, a certificate of the
chief financial officer or the chief accounting officer of the Company setting
forth the details thereof and the action which the Company is taking or proposes
to take with respect thereto;

 

(f)                                    promptly
upon the mailing thereof to the shareholders of the Company generally, copies
of all financial statements, reports and proxy statements so mailed;

 

(g)                                 promptly
upon the filing thereof, copies of all registration statements (other than the
exhibits thereto and any registration statements on Form S-8 or its equivalent)
and annual, quarterly or monthly reports which the Company shall have filed
with the Securities and Exchange Commission;

 

(h)                                 if
and when any member of the Controlled Group (i) receives notice of complete or
partial withdrawal liability or liabilities aggregating in excess of $5,000,000
under Title IV of ERISA, a copy of such notice; or (ii) receives notice from
the PBGC under Title IV of ERISA of an intent to terminate or appoint a trustee
to administer any Plan or Plans having aggregate Unfunded Vested Liabilities in
excess of $5,000,000, a copy of such notice;

 

(i)                                     if
at any time the value of all “margin stock” (as defined in Regulation U) owned
by the Company and its Consolidated Subsidiaries exceeds (or would, following
application of the proceeds of an intended Credit Extension hereunder, exceed)
25% of the value of the total assets of the Company and its Consolidated
Subsidiaries, in each case as reasonably determined by the Company, prompt
notice of such fact and, promptly upon the request of any Lender, a duly
completed statement of purpose on Form U-1 for each Lender together with such
other information or documents as each Lender may be required to obtain under
Regulation U in connection with this Agreement; and

 

(j)                                     from
time to time such additional information regarding the financial position or
business of the Company or any Subsidiary as the Administrative Agent at the
request of any Lender may reasonably request.

 

6.2.                              Maintenance
of Existence.  Except as permitted by
Section 6.12, the Company will, and will cause each Subsidiary to,
(a) preserve and maintain its corporate existence and all

 

37

 

of its rights,
privileges and franchises necessary or desirable in the normal conduct of its
business and (b) conduct its business in a regular manner.

 

6.3.                              Books
and Records; Maintenance of Properties; Inspections.

 

(a)                                  The
Company will keep, and will cause each Subsidiary to keep, its books and
records in accordance with sound business practices sufficient to allow the
Company to prepare its financial statements in accordance with GAAP.

 

(b)                                 The
Company will, and will cause each Subsidiary to, keep all of its properties
necessary, in the judgment of the Board of Directors of the Company, in its
business in good working order and condition, ordinary wear and tear excepted,
and will permit representatives of the Lenders to inspect such properties, and
to examine and make extracts from the books and records of the Company or any
Subsidiary, during normal business hours.

 

6.4.                              Compliance
with Laws and Contractual Obligations. 
The Company will, and will cause each Subsidiary to, comply with the
requirements of (a) all applicable laws, rules, regulations and orders of any
governmental body or regulatory agency having jurisdiction and (b) any
agreement or instrument binding upon such Person, a breach of which could have
a material adverse effect on the consolidated financial condition or the
business taken as a whole of the Company and its Subsidiaries, except where
contested in good faith and by proper proceedings.

 

6.5.                              Notice
of Proceedings.  The Company will
promptly give notice in writing to each Lender of all litigation, arbitral
proceedings and regulatory proceedings affecting the Company or any Subsidiary
or the property of the Company or any Subsidiary, except litigation or
proceedings which, if adversely determined, could not materially and adversely
affect the consolidated financial condition or the business taken as a whole of
the Company and its Subsidiaries.

 

6.6.                              Use
of Proceeds.  The Company will, and
will cause each other Borrower to, use the proceeds of the applicable Credit
Extensions for commercial paper back-up and other general company purposes of
the Company and its Subsidiaries (including non-hostile acquisitions to the
extent permitted hereunder).  The Company
will not, and will not permit any other Borrower to, use any part of the
proceeds of any Credit Extension hereunder to purchase or carry any margin
stock or to extend credit to others for the purpose of purchasing or carrying
any margin stock.  If requested by any
Lender, the Company will, and will cause each Borrowing Subsidiary to, furnish
to any Lender in connection with any Loan hereunder a statement in conformity
with the requirements of Federal Reserve Form U-1 referred to in Regulation U.

 

6.7.                              Payment
of Taxes.  The Company will, and will
cause each Subsidiary to, pay and discharge all taxes, assessments and
governmental charges or levies imposed on it or on its income or profits or on
any of its property prior to the date on which penalties attach thereto, except
that the Company or any Subsidiary will not be required hereby to pay any such
tax, assessment, charge or levy the payment of which is being contested in good
faith and by proper proceedings and against which it is maintaining  adequate reserves.

 

38

 

6.8.                              Insurance.  The Company will, and will cause each
Subsidiary to, maintain insurance with responsible companies in such amounts
and against such risks as is usually carried by owners of similar businesses
and properties in the same general areas in which the Company and its
Subsidiaries operate.

 

6.9.                              Maximum
Consolidated Debt to Total Capital Ratio. 
The Company will not permit the ratio of Consolidated Debt to Total
Capital (expressed as a percentage) at any time to exceed 55%.

 

6.10.                        Minimum
Consolidated Net Worth.  The Company
will not permit Consolidated Net Worth at any time to be less than
$925,000,000.

 

6.11.                        Liens.  Neither the Company nor any Subsidiary will
create, assume or suffer to exist any Lien securing Debt on any asset now owned
or hereafter acquired by it, except for:

 

(a)                                  Liens
existing on the date hereof securing Debt outstanding on the date hereof;

 

(b)                                 any
Lien existing on any asset of any entity at the time such entity becomes a
Subsidiary and not created in contemplation of such event;

 

(c)                                  any
Lien on any asset securing Debt incurred or assumed for the purpose of
financing all or any part of the cost of acquiring such asset; provided
that such Lien attaches to such asset concurrently with or within 90 days after
the acquisition thereof;

 

(d)                                 any
Lien on any asset of any entity existing at the time such entity is merged into
or consolidated with the Company or a Subsidiary and not created in
contemplation of such event;

 

(e)                                  any
Lien existing on any asset prior to the acquisition thereof by the Company or a
Subsidiary and not created in contemplation of such acquisition;

 

(f)                                    any
Lien arising out of the refinancing, extension, renewal or refunding of any
Debt secured by any Lien permitted by any of the foregoing clauses of this
Section; provided that such Debt is not increased and is not secured by
any additional assets;

 

(g)                                 any
Lien arising pursuant to any order of attachment, distraint or similar legal
process arising in connection with court proceedings so long as the execution
or other enforcement thereof is effectively stayed and the claims secured
thereby are being contested in good faith by appropriate proceedings; and

 

(h)                                 Liens
not otherwise permitted by the foregoing clauses of this Section securing
Debt in aggregate principal amount not to exceed 4% of the consolidated assets
of the Company and its Consolidated Subsidiaries at any time outstanding.

 

6.12.                        Consolidations,
Mergers and Sales of Assets.  The
Company will not, and will not permit any other Borrower to consolidate or
merge with or into, or acquire substantially all of the assets of, any other
Person unless (a) in the case of a merger or consolidation, the Company or such
other Borrower shall be the surviving entity, and (b) the board of directors
(or similar

 

39

 

governing
body) of such other Person shall have approved such consolidation, merger or
acquisition.  The Company will not permit
the sale, lease or other transfer to any other Person (other than to the
Company and its Subsidiaries and excluding sales, leases or other transfers in
the ordinary course of business) of assets of the Company or its Subsidiaries
(valued at net book value) exceeding 15% or more of the consolidated assets of
the Company and its Consolidated Subsidiaries as of the end of the immediately
preceding fiscal year of the Company.

 

6.13.                        Transactions
with Affiliates.  The Company will
not, and will not permit any Subsidiary to, enter into or permit to exist any
transaction, arrangement or contract with any of its Affiliates (other than the
Company and its Subsidiaries) which is on terms which are less favorable than
are obtainable from a Person which is not one of its Affiliates.

 

6.14.                        Business.  The Company will not, and will not permit any
Subsidiary to, enter into any material business other than the businesses in
which the Company and its Subsidiaries are engaged on the date of this
Agreement and reasonable extensions thereof.

 

6.15.                        Burdensome
Agreements.  The Company will not,
and will not permit any Subsidiary to, enter into any agreement, instrument or
other contractual obligation (other than this Agreement or any other Loan
Document) that (a) limits the ability of any of its Subsidiaries to (i) pay
dividends and other distributions to the Company or otherwise transfer property
to the Company; (ii) guarantee any Debt of the Company or (iii) to create,
incur, assume or suffer to exist Liens in favor of the Administrative Agent,
for the benefit of the Lenders; 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.

 

ARTICLE VII

DEFAULTS

 

The occurrence of any one or more of the following events shall
constitute a Default:

 

7.1.                              Any
representation or warranty made or deemed made by or on behalf of the Company
or any of its Subsidiaries to the Lenders or the Administrative Agent under or
in connection with this Agreement, any Credit Extension, or any certificate or
information delivered in connection with this Agreement or any other Loan
Document shall be materially false on the date as of which made.

 

7.2.                              Nonpayment
of principal of any Loan when due, nonpayment of any Reimbursement Obligation
within one Business Day after the same becomes due or nonpayment of interest
upon any Loan or of any facility fee or other obligation under any of the Loan
Documents within five days after the same becomes due.

 

7.3.                              The
breach by the Company of any of the terms or provisions of Section 6.1(e)
or Sections 6.9 through 6.15 (inclusive)

 

7.4.                              The
breach by any Borrower (other than a breach which constitutes a Default under
another Section of this Article VII) of any of the terms or
provisions of this Agreement which is not remedied within 30 days after written
notice thereof has been given to the Company by the Administrative Agent at the
request of any Lender.

 

40

 

7.5.                              Failure
by any Company or any Subsidiary to (i) pay any Debt (other than the Loans)
when due or interest thereon and such failure shall continue for more than any
applicable period of grace with respect thereto, or (ii) observe or perform any
term, covenant or agreement contained in any agreement or instrument (other
than this Agreement or any other Loan Document) by which it is bound evidencing
or securing or relating to any Debt, if the effect thereof is to permit (or,
with the giving of notice or lapse of time or both, would permit) the holder or
holders thereof or of any obligations issued thereunder or a trustee or trustees
acting on behalf of such holder or holders to cause acceleration of the
maturity thereof or of any such obligation; provided that the aggregate
amount of Debt with respect to which any such event or condition shall have
occurred shall equal or exceed $10,000,000 (or the equivalent thereof in
currencies other than Dollars).

 

7.6.                              The
Company, any other Borrower or any Material Subsidiary shall commence a
voluntary case or other proceeding seeking liquidation, reorganization or other
relief with respect to itself or its debts under any bankruptcy, insolvency or
other similar law now or hereafter in effect or seeking the appointment of a
trustee, receiver, liquidator, custodian or other similar official of it or any
substantial part of its property, or shall consent to any such relief or to the
appointment of or taking possession by any such official in an involuntary case
or other proceeding commenced against it, or shall make a general assignment
for the benefit of creditors, or shall fail generally to pay its debts as they
become due, or shall take any corporate action to authorize any of the
foregoing.

 

7.7.                              An
involuntary case or other proceeding shall be commenced against the Company,
any other Borrower or any Material Subsidiary seeking liquidation, reorganization
or other relief with respect to it or its debts under any bankruptcy,
insolvency or other similar law now or hereafter in effect or seeking the
appointment of a trustee, receiver, liquidator, custodian or other similar
official of it or any substantial part of its property, and such involuntary
case or other proceeding shall remain undismissed and unstayed for a period of
60 days; or an order for relief shall be entered against the Company, any other
Borrower or any Material Subsidiary under the federal bankruptcy laws as now or
hereafter in effect.

 

7.8.                              Any
court, government or governmental agency shall condemn, seize or otherwise
appropriate, or take custody or control of, all or any portion of the Property
of the Company and its Subsidiaries which, when taken together with all other
Property of the Company and its Subsidiaries so condemned, seized,
appropriated, or taken custody or control of, during the twelve-month period
ending with the month in which any such action occurs, constitutes a Substantial
Portion.

 

7.9.                              The
Company or any of its Subsidiaries shall fail within 30 days to pay, bond or
otherwise discharge one or more (i) final judgments or orders for the payment
of money in excess of $10,000,000 (or the equivalent thereof in currencies
other than Dollars) in the aggregate, or (ii) nonmonetary final judgments or
orders which, individually or in the aggregate, could reasonably be expected to
have a Material Adverse Effect, which judgment(s), in any such case, is/are not
stayed on appeal or otherwise being appropriately contested in good faith.

 

7.10.                        The
Company or any other member of the Controlled Group shall fail to pay when due
any amount or amounts aggregating in excess of $5,000,000 which it shall have

 

41

 

become liable
to pay to the PBGC or to a Plan under Title IV of ERISA; or notice of intent to
terminate a Plan or Plans having aggregate Unfunded Vested Liabilities in
excess of $5,000,000 shall be filed under Title IV of ERISA by any member of
the Controlled Group, any plan administrator or any combination of the
foregoing; or the PBGC shall institute proceedings under Title IV of ERISA to
terminate or to cause a trustee to be appointed to administer any Plan or Plans
having aggregate Unfunded Vested Liabilities in excess of $5,000,000 or a
proceeding shall be instituted by a fiduciary of any Plan against any member of
the Controlled Group to enforce Section 515 of ERISA with respect to any
amount or amounts aggregating in excess of $5,000,000 and such proceeding shall
not have been dismissed within 30 days thereafter; or a condition shall exist
by reason of which the PBGC would be entitled to obtain a decree adjudicating
that any Plan or Plans having aggregated Unfunded Vested Liabilities in excess
of $5,000,000 must be terminated.

 

7.11.                        Any Change
in Control shall occur.

 

7.12.                        The
occurrence of any “default”, as defined in any Loan Document (other than this
Agreement) or the breach of any of the terms or provisions of any Loan Document
(other than this Agreement), which default or breach continues beyond any
period of grace therein provided.

 

7.13.                        Any Loan
Document shall fail to remain in full force or effect or any action shall be
taken to discontinue or to assert the invalidity or unenforceability of any
Loan Document, or the Company or any other Borrower shall fail to comply with
any of the terms or provisions of any Loan Document to which it is a party, or
the Company or any other Borrower shall deny that it has any further liability
under any Loan Document to which it is a party, or shall give notice to such
effect.

 

ARTICLE VIII

ACCELERATION, WAIVERS, AMENDMENTS
AND REMEDIES

 

8.1.                              Acceleration.  If any Default described in Section 7.6
or 7.7 occurs with respect to any Borrower, the obligations of the
Lenders to make Loans hereunder and the obligation and power of the Issuers to
issue Letters of Credit shall automatically terminate and the Obligations shall
immediately become due and payable without any election or action on the part
of the Administrative Agent, any Lender or any Issuer and each Borrower will be
and become thereby unconditionally obligated, without any further notice, act
or demand, to pay to the Administrative Agent an amount in immediately
available funds, which funds shall be held in the applicable LC Collateral
Account, equal to the excess of the amount of Letter of Credit Obligations of
such Borrower at such time over the amount on deposit in such LC Collateral
Account at such time which is free and clear of all rights and claims of third
parties and has not been applied against the Obligations (such difference, the “Collateral
Shortfall Amount”).  If any other Default
occurs, the Administrative Agent may with the consent, or shall at the request,
of the Required Lenders, (x) terminate or suspend the obligations of the
Lenders to make Loans hereunder and the obligation and power of the Issuer to
issue Letters of Credit, or declare the Obligations to be due and payable, or
both, whereupon the Obligations shall become immediately due and payable,
without presentment, demand, protest or notice of any kind, all of which each
Borrower hereby expressly waives, and (y) upon notice to the Company and in

 

42

 

addition to
the continuing right to demand payment of all amounts payable under this
Agreement, make demand on the Borrowers to pay, and each applicable Borrower
will, forthwith upon such demand and without any further notice or act, pay to
the Administrative Agent in immediately available funds the Collateral
Shortfall Amount for such Borrower, which funds shall be deposited in the
applicable LC Collateral Account.

 

If, within 30 days after acceleration of the maturity of the
Obligations or termination of the obligations of the Lenders to make Loans
hereunder as a result of any Default (other than any Default as described in Section 7.6
or 7.7 with respect to any Borrower) and before any judgment or decree
for the payment of the Obligations due shall have been obtained or entered, the
Required Lenders (in their sole discretion) shall so direct, the Administrative
Agent shall, by notice to the Borrowers, rescind and annul such acceleration
and/or termination.

 

8.2.                              Amendments.  Subject to the provisions of this Section 8.2,
the Required Lenders (or the Administrative Agent with the consent in writing
of the Required Lenders) and the Borrowers may enter into agreements
supplemental hereto for the purpose of adding or modifying any provisions to
the Loan Documents or changing in any manner the rights of the Lenders or the
Borrowers hereunder or waiving any Default hereunder; provided that no
such supplemental agreement shall:

 

(a)                                  without
the consent of each Lender affected thereby, (i) extend the final maturity of
any Loan or forgive all or any portion of the principal amount thereof, or
reduce the rate or extend the time of payment of interest or fees thereon, (ii)
reduce the amount or extend the payment date for, the mandatory payments
required under Section 2.2 or (iii) increase the amount of the
Commitment of any Lender hereunder; and

 

(b)                                 without
the consent of all of the Lenders, (i) reduce the percentage specified in the
definition of Required Lenders, (ii) permit any Borrower to assign its rights
under this Agreement, (iii) amend this Section 8.2 or (iv) release
the Company from its obligations under Article XV of this
Agreement.

 

No amendment of any provision of this Agreement relating to the
Administrative Agent shall be effective without the written consent of the
Administrative Agent, and no amendment of any provision of this Agreement
relating to any Issuer shall be effective without the written consent of such
Issuer.  The Administrative Agent may
waive payment of the fee required under Section 12.1(b)  without obtaining the consent of any other
party to this Agreement.

 

8.3.                              Preservation
of Rights.  No delay or omission of
the Lenders, the Issuers or the Administrative Agent to exercise any right
under the Loan Documents shall impair such right or be construed to be a waiver
of any Default or an acquiescence therein, and the making of a Credit Extension
notwithstanding the existence of a Default or the inability of the Borrowers to
satisfy the conditions precedent to such Credit Extension shall not constitute
any waiver or acquiescence.  Any single
or partial exercise of any such right shall not preclude other or further
exercise thereof or the exercise of any other right, and no waiver, amendment
or other variation of the terms, conditions or provisions of the Loan Documents
whatsoever shall be valid unless in writing signed by the Lenders required
pursuant to Section 8.2, and then only to the extent in such
writing specifically set forth.  All
remedies contained in the Loan Documents or by law

 

43

 

afforded shall
be cumulative and all shall be available to the Administrative Agent, the
Lenders and the Issuers until the Obligations have been paid in full.

 

ARTICLE IX

GENERAL PROVISIONS

 

9.1.                              Survival
of Representations.  All
representations and warranties of the Borrowers contained in this Agreement
shall survive the making of the Credit Extensions herein contemplated.

 

9.2.                              Governmental
Regulation.  Anything contained in
this Agreement to the contrary notwithstanding, no Lender shall be obligated to
extend credit to the Borrowers in violation of any limitation or prohibition
provided by any applicable statute or regulation.

 

9.3.                              Headings.  Section headings in the Loan Documents
are for convenience of reference only, and shall not govern the interpretation
of any of the provisions of the Loan Documents.

 

9.4.                              Entire
Agreement.  The Loan Documents embody
the entire agreement and understanding among the Borrowers, the Administrative
Agent, the Lenders and the Issuers and supersede all prior agreements and
understandings among the Borrowers, the Administrative Agent, the Lenders and
the Issuers relating to the subject matter thereof other than those contained
in the fee letter described in Section 10.13 which shall survive
and remain in full force and effect during the term of this Agreement.

 

9.5.                              Several
Obligations; Benefits of this Agreement. 
The respective obligations of the Lenders hereunder are several and not
joint and no Lender shall be the partner or agent of any other (except to the
extent to which the Administrative Agent is authorized to act as such).  The failure of any Lender to perform any of
its obligations hereunder shall not relieve any other Lender from any of its
obligations hereunder.  This Agreement
shall not be construed so as to confer any right or benefit upon any Person
other than the parties to this Agreement and their respective successors and
assigns; provided that the parties hereto expressly agree that the
Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10
and 10.8 to the extent specifically set forth therein and shall have the
right to enforce such provisions on its own behalf and in its own name to the
same extent as if it were a party to this Agreement.

 

9.6.                              Expenses;
Indemnification.  (a)  The Borrowers shall jointly and severally
reimburse the Administrative Agent and JPMorgan for any costs, internal charges
and out-of-pocket expenses (including attorneys’ fees and time charges of
attorneys for the Administrative Agent, which attorneys may be employees of the
Administrative Agent) paid or incurred by the Administrative Agent or JPMorgan
in connection with the preparation, negotiation, execution, delivery,
syndication, distribution (including via the internet), review, amendment,
modification, and administration of the Loan Documents.  The Borrowers also jointly and severally
agree to reimburse the Administrative Agent, the Arrangers, the Lenders and the
Issuers for any costs, internal charges and out-of-pocket expenses (including
attorneys’ fees and time charges of attorneys for the Administrative Agent, the
Arrangers, the Lenders and the Issuers, which attorneys may be employees of the
Administrative Agent, the Arrangers, the

 

44

 

Lenders or the
Issuers) paid or incurred by the Administrative Agent, either Arranger, any
Lender or any Issuer in connection with the collection and enforcement of the
Loan Documents.  Expenses being
reimbursed by the Borrowers under this Section include costs and expenses
incurred in connection with the Reports described in the following
sentence.  The Borrowers acknowledge that
from time to time Bank One may prepare and may distribute to the Lenders (but
shall have no obligation or duty to prepare or to distribute to the Lenders)
certain audit reports (the “Reports”) pertaining to the Borrowers’ assets for
internal use by Bank One from information furnished to it by or on behalf of
the Borrowers, after Bank One has exercised its rights of inspection pursuant
to this Agreement.

 

(b)                                 The
Borrowers hereby further jointly and severally agree to indemnify the
Administrative Agent, each Arranger, each Lender and each Issuer and their
respective affiliates, and each of their Related Parties against all losses, claims,
damages, penalties, judgments, liabilities and expenses (including all expenses
of litigation or preparation therefor whether or not the Administrative Agent,
either Arranger, any Lender, any Issuer or any affiliate is a party thereto)
which any of them may pay or incur arising out of or relating to this
Agreement, the other Loan Documents, the transactions contemplated hereby or
the direct or indirect application or proposed application of the proceeds of
any Credit Extension hereunder except to the extent that they are determined in
a final non-appealable judgment by a court of competent jurisdiction to have
resulted from the gross negligence or willful misconduct of the party seeking
indemnification.   The obligations of the
Borrowers under this Section 9.6 shall survive the termination of
this Agreement.

 

9.7.                              Numbers
of Documents.  All statements,
notices, closing documents, and requests hereunder shall be furnished to the
Administrative Agent with sufficient counterparts so that the Administrative
Agent may furnish one to each of the Lenders.

 

9.8.                              Accounting.  Except as provided to the contrary herein,
all accounting terms used herein shall be interpreted and all accounting
determinations hereunder shall be made in accordance with GAAP in a manner
consistent with that used in preparing the financial statements referred to in Section 5.4.  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 the Company, the Administrative
Agent or the Required Lenders shall so request, the Administrative Agent, the
Lenders and the Borrowers shall negotiate in good faith to amend such ratio or
requirement to preserve the original intent thereof in light of such change in
GAAP (subject to the approval of the Required Lenders); provided that, until so amended, such ratio or requirement shall
continue to be computed in accordance with GAAP prior to such change therein
and the Company shall provide to the Administrative Agent and the Lenders
reconciliation statements showing the difference in such calculation, together
with the delivery of monthly, quarterly and annual financial statements
required hereunder.

 

9.9.                              Severability
of Provisions.  Any provision in any
Loan Document that is held to be inoperative, unenforceable, or invalid in any
jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or
invalid without affecting the remaining provisions in that jurisdiction or the
operation, enforceability, or validity of that provision in any other
jurisdiction, and to this end the provisions of all Loan Documents are declared
to be severable.

 

45

 

9.10.                        Nonliability
of Lenders.  The relationship between
the Borrowers on the one hand and the Lenders, the Issuers and the
Administrative Agent on the other hand shall be solely that of borrowers and
lender.  Neither the Administrative
Agent, either Arranger, any Lender nor any Issuer shall have any fiduciary
responsibilities to the Borrowers. 
Neither the Administrative Agent, either Arranger, any Lender nor any
Issuer undertakes any responsibility to any Borrower to review or inform any
Borrower of any matter in connection with any phase of any Borrower’s business
or operations.  Each Borrower agrees that
neither the Administrative Agent, either Arranger, any Lender nor any Issuer
shall have liability to such Borrower (whether sounding in tort, contract or
otherwise) for losses suffered by such Borrower in connection with, arising out
of, or in any way related to, the transactions contemplated and the
relationship established by the Loan Documents, or any act, omission or event
occurring in connection therewith, unless it is determined in a final
non-appealable judgment by a court of competent jurisdiction that such losses
resulted from the gross negligence or willful misconduct of the party from
which recovery is sought.  Neither the
Administrative Agent, either Arranger, any Lender nor any Issuer shall have any
liability with respect to, and each Borrower hereby waives, releases and agrees
not to sue for, any special, indirect, consequential or punitive damages
suffered by such Borrower in connection with, arising out of, or in any way
related to the Loan Documents or the transactions contemplated thereby.

 

9.11.                        Confidentiality.  Each Lender agrees to hold any confidential
information which it may receive from the Company pursuant to this Agreement in
confidence, except for disclosure (i) to its Affiliates and to other Lenders
and their respective Affiliates, (ii) to legal counsel, accountants, and other
professional advisors to such Lender or to a Transferee, (iii) to regulatory
officials, (iv) to any Person as requested pursuant to or as required by law,
regulation, or legal process, (v) to any Person in connection with any legal
proceeding to which such Lender is a party, (vi) to such Lender’s direct or
indirect contractual counterparties in swap agreements or to legal counsel,
accountants and other professional advisors to such counterparties, (vii)
permitted by Section 12.2 and (viii) to rating agencies if
requested or required by such agencies in connection with a rating relating to
the Advances hereunder.

 

9.12.                        Nonreliance.  Each Lender hereby represents that it is not
relying on or looking to any margin stock (as defined in Regulation U) for the
repayment of the Loans provided for herein.

 

9.13.                        Disclosure.  The Borrowers and each Lender hereby
acknowledge and agree that Bank One and/or its Affiliates from time to time may
hold investments in, make other loans to or have other relationships with the
Borrowers and their Affiliates.

 

9.14.                        USA
PATRIOT ACT NOTIFICATION.  Each
Lender hereby notifies the Borrowers that pursuant to requirements of the USA
Patriot Act, such Lender is required to obtain, verify and record information
that identifies each Borrower, which information includes the name and address
of such Borrower and other information that will allow such Bank to identify
such Borrower in accordance with the USA Patriot Act.

 

46

 

ARTICLE X

THE ADMINISTRATIVE AGENT

 

10.1.                        Appointment;
Nature of Relationship.  (a)  Bank One, NA is hereby appointed by each of
the Lenders as its contractual representative (herein referred to as the “Administrative
Agent”) hereunder and under each other Loan Document, and each of the Lenders
irrevocably authorizes the Administrative Agent to act as the contractual
representative of such Lender with the rights and duties expressly set forth
herein and in the other Loan Documents. 
The Administrative Agent agrees to act as such contractual
representative upon the express conditions contained in this Article X.  Notwithstanding the use of the defined term “Administrative
Agent,” it is expressly understood and agreed that the Administrative Agent
shall not have any fiduciary responsibilities to any Lender by reason of this
Agreement or any other Loan Document and that the Administrative Agent is
merely acting as the contractual representative of the Lenders with only those
duties as are expressly set forth in this Agreement and the other Loan
Documents.  In its capacity as the
Lenders’ contractual representative, the Administrative Agent (i) does not
hereby assume any fiduciary duties to any of the Lenders, (ii) is a “representative”
of the Lenders within the meaning of the term “secured party” as defined in the
Illinois Uniform Commercial Code and (iii) is acting as an independent
contractor, the rights and duties of which are limited to those expressly set
forth in this Agreement and the other Loan Documents.  Each of the Lenders hereby agrees to assert
no claim against the Administrative Agent on any agency theory or any other
theory of liability for breach of fiduciary duty, all of which claims each
Lender hereby waives.

 

(b)                                 Each
Issuer shall act on behalf of the Lenders with respect to any Letter of Credit
issued by it and the documents associated therewith.  Each Issuer shall have all of the benefits
and immunities  provided to the
Administrative Agent in this Article X with respect to any acts
taken or omissions suffered by the Issuer in connection with Letters of Credit
issued by it or proposed to be issued by it and the applications and agreements
for letters of credit pertaining to such Letters of Credit as fully as if the
term “Administrative Agent”, as used in this Article X, included
such Issuer with respect to such acts or omissions and  as additionally provided in this Agreement
with respect to such Issuer.

 

10.2.                        Powers.  The Administrative Agent shall have and may
exercise such powers under the Loan Documents as are specifically delegated to
the Administrative Agent by the terms of each thereof, together with such
powers as are reasonably incidental thereto. 
The Administrative Agent shall have no implied duties to the Lenders, or
any obligation to the Lenders to take any action thereunder except any action
specifically provided by the Loan Documents to be taken by the Administrative
Agent.

 

10.3.                        General
Immunity.  Neither the Administrative
Agent nor any of its Related Parties shall be liable to any Borrower, the
Lenders or any Lender for any action taken or omitted to be taken by it or them
hereunder or under any other Loan Document or in connection herewith or
therewith except to the extent such action or inaction is determined in a final
non-appealable judgment by a court of competent jurisdiction to have arisen
from the gross negligence or willful misconduct of such Person.

 

47

 

10.4.                        No
Responsibility for Loans, Recitals, etc. 
Neither the Administrative Agent nor any of its Related Parties shall be
responsible for or have any duty to ascertain, inquire into, or verify (a) any
statement, warranty or representation made in connection with any Loan Document
or any borrowing hereunder; (b) the performance or observance of any of the
covenants or agreements of any obligor under any Loan Document, including any
agreement by an obligor to furnish information directly to each Lender; (c) the
satisfaction of any condition specified in Article IV, except
receipt of items required to be delivered solely to the Administrative Agent;
(d) the existence or possible existence of any Default or Unmatured Default;
(e) the validity, enforceability, effectiveness, sufficiency or genuineness of
any Loan Document or any other instrument or writing furnished in connection
therewith; (f) the value, sufficiency, creation, perfection or priority of any
Lien in any collateral security; or (g) the financial condition of any Borrower
or any guarantor of any of the Obligations or of any of such Borrower’s or any
such guarantor’s respective Subsidiaries.

 

10.5.                        Action
on Instructions of Lenders.  The
Administrative Agent shall in all cases be fully protected in acting, or in refraining
from acting, hereunder and under any other Loan Document in accordance with
written instructions signed by the Required Lenders, and such instructions and
any action taken or failure to act pursuant thereto shall be binding on all of
the Lenders.  The Lenders hereby
acknowledge that the Administrative Agent shall be under no duty to take any
discretionary action permitted to be taken by it pursuant to the provisions of
this Agreement or any other Loan Document unless it shall be requested in writing
to do so by the Required Lenders.  The
Administrative Agent shall be fully justified in failing or refusing to take
any action hereunder and under any other Loan Document unless it shall first be
indemnified to its satisfaction by the Lenders pro rata against any and all
liability, cost and expense that it may incur by reason of taking or continuing
to take any such action.

 

10.6.                        Employment
of Agents and Counsel.  The
Administrative Agent may execute any of its duties as Agent hereunder and under
any other Loan Document by or through employees, agents, and attorneys-in-fact
and shall not be answerable to the Lenders, except as to money or securities
received by it or its authorized agents, for the default or misconduct of any
such agents or attorneys-in-fact selected by it with reasonable care.  The Administrative Agent shall be entitled to
advice of counsel concerning the contractual arrangement between the
Administrative Agent and the Lenders and all matters pertaining to the
Administrative Agent’s duties hereunder and under any other Loan Document.

 

10.7.                        Reliance
on Documents; Counsel.  The
Administrative Agent shall be entitled to rely upon any Note, notice, consent,
certificate, affidavit, letter, telegram, facsimile, telex, electronic mail
message, statement, paper or document believed by it to be genuine and correct
and to have been signed or sent by the proper person or persons, and, in
respect to legal matters, upon the opinion of counsel selected by the
Administrative Agent, which counsel may be employees of the Administrative
Agent.  For purposes of determining
compliance with the conditions specified in Sections 4.1 and 4.2,
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 applicable date specifying its objection
thereto.

 

48

 

10.8.                        Agent’s
Reimbursement and Indemnification. 
The Lenders agree to reimburse and indemnify the Administrative Agent
ratably in accordance with their Pro Rata Shares (i) for any amounts not
reimbursed by the Borrowers for which the Administrative Agent is entitled to
reimbursement by the Borrowers under the Loan Documents, (ii) for any other
expenses incurred by the Administrative Agent on behalf of the Lenders, in
connection with the preparation, execution, delivery, administration and
enforcement of the Loan Documents (including for any expenses incurred by the
Administrative Agent in connection with any dispute between the Administrative
Agent and any Lender or between two or more of the Lenders) and (iii) for any
liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind and nature whatsoever which
may be imposed on, incurred by or asserted against the Administrative Agent in
any way relating to or arising out of the Loan Documents or any other document
delivered in connection therewith or the transactions contemplated thereby
(including for any such amounts incurred by or asserted against the
Administrative Agent in connection with any dispute between the Administrative
Agent and any Lender or between two or more of the Lenders), or the enforcement
of any of the terms of the Loan Documents or of any such other documents; provided
that (i) no Lender shall be liable for any of the foregoing to the extent any
of the foregoing is found in a final non-appealable judgment by a court of
competent jurisdiction to have resulted from the gross negligence or willful
misconduct of the Administrative Agent and (ii) any indemnification required
pursuant to Section 3.4(g) shall, notwithstanding the provisions of
this Section 10.8, be paid by the relevant Lender in accordance
with the provisions thereof.  The
obligations of the Lenders under this Section 10.8 shall survive
payment of the Obligations and termination of this Agreement.

 

10.9.                        Notice
of Default.  The Administrative Agent
shall not be deemed to have knowledge or notice of the occurrence of any
Default or Unmatured Default hereunder unless the Administrative Agent has
received written notice from a Lender or the Company referring to this
Agreement describing such Default or Unmatured Default and stating that such
notice is a “notice of default”.  If the
Administrative Agent receives such a notice, the Administrative Agent shall give
prompt notice thereof to the Lenders.

 

10.10.                  Rights as a
Lender.  If the Administrative Agent
is a Lender, the Administrative Agent shall have the same rights and powers
hereunder and under any other Loan Document with respect to its Commitment and
its Loans as any Lender and may exercise the same as though it were not the
Administrative Agent, and the term “Lender” or “Lenders” shall, at any time
when the Administrative Agent is a Lender, unless the context otherwise
indicates, include the Administrative Agent in its individual capacity.  The Administrative Agent and its Affiliates
may accept deposits from, lend money to, and generally engage in any kind of
trust, debt, equity or other transaction, in addition to those contemplated by
this Agreement or any other Loan Document, with the Company or any of its
Subsidiaries in which the Company or such Subsidiary is not restricted hereby
from engaging with any other Person.  The
Administrative Agent, in its individual capacity, is not obligated to remain a
Lender.

 

10.11.                  Lender Credit
Decision.  Each Lender acknowledges
that it has, independently and without reliance upon the Administrative Agent,
either Arranger, any other Lender or any Issuer and based on the financial
statements prepared by the Company and such other documents and information as
it has deemed appropriate, made its own credit analysis and decision to enter
into this Agreement and the other Loan Documents.  Each Lender also acknowledges that it will,

 

49

 

independently
and without reliance upon the Administrative Agent, either Arranger, any other
Lender or any Issuer 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 this Agreement and the other Loan Documents. Except
for any notice, report, document or other information expressly required to be
furnished to the Lenders by the Administrative Agent or an Arranger hereunder,
neither the Administrative Agent nor either Arranger shall have any duty or
responsibility (either initially or on a continuing basis) to provide any
Lender with any notice, report, document, credit information or other
information concerning the affairs, financial condition or business of the
Company or any of its Affiliates that may come into the possession of the
Administrative Agent or either Arranger (whether or not in their respective
capacity as Administrative Agent or an Arranger) or any of their Affiliates.

 

10.12.                  Successor
Agent.  The Administrative Agent may
resign at any time by giving written notice thereof to the Lenders and the
Company, such resignation to be effective upon the appointment of a successor
Administrative Agent or, if no successor Administrative Agent has been
appointed, forty-five days after the retiring Administrative Agent gives notice
of its intention to resign.  The
Administrative Agent may be removed at any time with or without cause by
written notice received by the Administrative Agent from the Required Lenders,
such removal to be effective on the date specified by the Required Lenders; provided
that the Administrative Agent may not be removed unless the Administrative
Agent (in its individual capacity) and any affiliate thereof acting as an
Issuer is relieved of all of its duties as an Issuer pursuant to documentation
reasonably satisfactory to such Person on or prior to the date of such
removal.  Upon any such resignation or
removal, the Required Lenders shall have the right to appoint, on behalf of the
Borrower and the Lenders, a successor Administrative Agent.  If no successor Administrative Agent shall
have been so appointed by the Required Lenders within thirty days after the
resigning Agent’s giving notice of its intention to resign, then the resigning
Agent may appoint, on behalf of the Borrowers and the Lenders, a successor
Administrative Agent.  Notwithstanding
the previous sentence, the Administrative Agent may at any time without the consent
of any Borrower or any Lender, appoint any of its Affiliates which is a
commercial bank as a successor Administrative Agent hereunder.  If the Administrative Agent has resigned or
been removed and no successor Administrative Agent has been appointed, the
Lenders may perform all the duties of the Administrative Agent hereunder and
the Borrowers shall make all payments in respect of the Obligations to the
applicable Lender and for all other purposes shall deal directly with the
Lenders.  No successor Administrative
Agent shall be deemed to be appointed hereunder until such successor
Administrative Agent has accepted the appointment.  Any such successor Administrative Agent shall
be a commercial bank having capital and retained earnings of at least $100,000,000.  Upon the acceptance of any appointment as
Administrative Agent hereunder by a successor Administrative Agent, such
successor Administrative Agent shall thereupon succeed to and become vested
with all the rights, powers, privileges and duties of the resigning or removed
Administrative Agent.  Upon the
effectiveness of the resignation or removal of the Administrative Agent, the
resigning or removed Administrative Agent shall be discharged from its duties
and obligations hereunder and under the Loan Documents.  After the effectiveness of the resignation or
removal of an Administrative Agent, the provisions of this Article X
shall continue in effect for the benefit of such Administrative Agent in
respect of any actions taken or omitted to be taken by it while it was acting
as the Administrative Agent hereunder and under the other Loan Documents.  In the event that there is a successor to the
Administrative Agent by merger, or the Administrative Agent

 

50

 

assigns its
duties and obligations to an Affiliate pursuant to this Section 10.12,
then the term “Prime Rate” as used in this Agreement shall mean the prime rate,
base rate or other analogous rate of the new Administrative Agent.

 

10.13.                  Agent and
Arranger Fees.  The Borrowers jointly
and severally agree to pay to the Administrative Agent and the Arranger, for
their respective accounts, the fees agreed to by the Borrowers, the
Administrative Agent and the Arranger pursuant to that certain letter agreement
dated August 3, 2004, or as otherwise agreed from time to time.

 

10.14.                  Delegation to
Affiliates.  The Borrowers and the
Lenders agree that the Administrative Agent may delegate any of its duties
under this Agreement to any of its Affiliates. 
Any such Affiliate (and such Affiliate’s Related Parties) which performs
duties in connection with this Agreement shall be entitled to the same benefits
of the indemnification, waiver and other protective provisions to which the
Administrative Agent is entitled under Article IX and this Article X.

 

10.15.                  Other Agents  No Lender identified in this Agreement as the
Syndication Agent or a Co-Documentation Agent shall have any right, power,
obligation, liability, responsibility or duty under this Agreement other than
those applicable to all Lenders as such. 
Without limiting the foregoing, none of such Lenders shall have or be
deemed to have a fiduciary relationship with any Lender.  Each Lender hereby makes the same
acknowledgments with respect to such Lenders as it makes with respect to the
Administrative Agent in Section 10.11.

 

ARTICLE XI

SETOFF; RATABLE PAYMENTS

 

11.1.                        Setoff.  In addition to, and without limitation of,
any rights of the Lenders under applicable law, if a Borrower becomes
insolvent, however evidenced, or any Default occurs, any and all deposits
(including all account balances, whether provisional or final and whether or
not collected or available) and any other Indebtedness at any time held or
owing by any Lender or any Affiliate of any Lender to or for the credit or
account of such Borrower may, with the prior consent of the Administrative
Agent, be offset and applied toward the payment of the Obligations owing to
such Lender, whether or not the Obligations, or any part thereof, shall then be
due.

 

11.2.                        Sharing
of Payments.  (a)  If any Lender shall obtain any payment or
other recovery (whether voluntary, involuntary, through the exercise of any
right of set-off or otherwise) on account of principal of or interest on the
Loans or the Reimbursement Obligations owed to it by any Borrower in excess of
its Pro Rata Share or BSub Percentage, respectively, of all payments and other
recoveries obtained by all Lenders or the applicable BSub Lenders, as the case
may be, on account of principal of and interest on such Loans or Reimbursement
Obligations, then such Lender shall immediately (a) notify the Administrative
Agent and the other applicable Lenders of such fact and (b) purchase such
participations in the Loans and Reimbursement Obligations of the other Lenders
to such Borrower as shall be necessary to cause such purchasing Lender to share
the excess payment or other recovery pro rata with such other Lenders in
accordance with their Pro Rata Shares or BSub Percentages, as applicable; provided
that if all or any portion of such excess payment or other recovery is
thereafter recovered from

 

51

 

the purchasing
Lender, such purchase shall to that extent be rescinded and each other
applicable 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.

 

                                                (b)                                 Each
Borrower agrees that any Lender purchasing a participation from another Lender
pursuant to this Section 11.2 may, to the fullest extent permitted
by law, exercise all its rights of payment (including the right of set-off)
with respect to such participation as fully as if such Lender were a direct
creditor of such Borrower in the amount of such participation.  The Administrative Agent will keep records (which
shall be conclusive and binding in the absence of manifest error) of
participations purchased under this Section 11.2.

 

ARTICLE XII

ASSIGNMENTS; PARTICIPATIONS; ETC.

 

12.1.                        Successors
and Assigns.  (a) 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 (including
any Affiliate of an Issuer that issues any Letter of Credit), except that (i)
no Borrower may assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by any Borrower without such consent shall be null and
void) and (ii) no Lender may assign or otherwise transfer its rights or obligations
hereunder except in accordance with this Section.  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 (including any
Affiliate of an Issuer that issues any Letter of Credit), Participants (to the
extent provided in clause (c) below) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent,
the Issuers and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement.

 

(b)                                 (i)
Subject to the conditions set forth in clause (ii) below, any Lender may
assign to one or more assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitments and the
Loans at the time owing to it) with the prior written consent (such consent not
to be unreasonably withheld) of:

 

(A)                              the Company, provided
that no consent of the Company shall be required for an assignment to a Lender,
an Affiliate of a Lender, an Approved Fund or, if a Default has occurred and is
continuing, any other assignee;

 

(B)                                the Administrative
Agent; and

 

(C)                                the Issuers.

 

(ii)                                  Assignments shall be
subject to the following additional conditions:

 

(A)                              except in the case of an
assignment to a Lender or an Affiliate of a Lender or an assignment of the
entire remaining amount of the assigning Lender’s

 

52

 

Commitments or Loans, the amount of the
Commitments or 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) shall not be less than
$5,000,000 unless each of the Company and the Administrative Agent otherwise
consent, provided that no such consent of the Company shall be required
if a Default has occurred and is continuing;

 

(B)                                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, provided that this
clause shall not be construed to prohibit the assignment of a proportionate
part of all the assigning Lender’s rights and obligations in respect of its
other Commitment, if any (or Loans made thereunder);

 

(C)                                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; and

 

(D)                               the assignee, if it shall
not be a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire.

 

For the purposes of this Section 12.1(b),
the term “Approved Fund” means any Person (other than a natural person) that is
engaged in making, purchasing, holding or investing in bank loans and similar
extensions of credit in the ordinary course of its business and that is
administered or managed by (x) a Lender, (y) an Affiliate of a Lender or (z) an
entity or an Affiliate of an entity that administers or manages a Lender.

 

(iii)                               Subject to acceptance
and recording thereof pursuant to clause (iv) below, from and after the
effective date specified in each Assignment and Assumption the assignee
thereunder shall be a party hereto 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 3.1, 3.3, 3.4, 9.6
and 9.10).  Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does
not comply with this clause (b) 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 clause (c) of this Section.

 

(iv) 
The Administrative Agent, acting for this purpose as an agent of the
Borrowers, shall maintain at one of its offices 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 amount of the
Loans and Letter of Credit Obligations owing to, each Lender pursuant to the
terms hereof from time to time

 

53

 

(the “Register”).  The entries in the Register shall be
conclusive, and the Borrowers, the Administrative Agent, the Issuers 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 Company or any
Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(v) 
Upon its receipt of a duly completed Assignment and Assumption executed
by an assigning Lender and an assignee, the assignee’s completed Administrative
Questionnaire (unless the assignee shall already be a Lender hereunder), the
processing and recordation fee referred to in clause (b) of this Section and
any written consent to such assignment required by clause (b) of this
Section, the Administrative Agent shall accept such Assignment and Assumption
and record the information contained therein in the Register; provided
that if either the assigning Lender or the assignee shall have failed to make
any payment required to be made by it pursuant to Section 2.10(b), 2.18(e),
2.24, 10.8 or 11.2(b), the Administrative Agent shall have
no obligation to accept such Assignment and Assumption and record the
information therein in the Register unless and until such payment shall have
been made in full, together with all accrued interest thereon.  No assignment shall be effective for purposes
of this Agreement unless it has been recorded in the Register as provided in
this clause.

 

(c)(i)  Any Lender may, without the consent of the
Borrower, the Administrative Agent, the Issuers or the other Lenders, sell
participations to one or more banks or other entities (a “Participant”) in all
or a portion of such Lender’s rights and obligations under this Agreement
(including all or a portion of its Commitments and the Loans owing to it); provided
that (A) such Lender’s obligations under this Agreement shall remain unchanged,
(B) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (C) the Borrowers, the Administrative
Agent, the Issuers and the other Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement.  Any
agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision
of this Agreement; provided that such agreement or instrument may
provide that such Lender will not, without the consent of the Participant,
agree to any amendment, modification or waiver described in the first proviso
to clause (b) that affects such Participant.  Subject to clause (c)(ii), each
Borrower agrees that each Participant shall be entitled to the benefits of Sections
3.1, 3.3, 3.4, 9.6 and 9.10 to the same extent
as if it were a Lender and had acquired its interest by assignment pursuant to clause
(b) of this Section.  To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 11.1
as though it were a Lender, provided such Participant agrees to be
subject to Section 11.2 as though it were a Lender.

 

(ii)           A
Participant shall not be entitled to receive any greater payment under Section 3.1,
3.3 or 3.4 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 Company’s prior
written consent.  A Participant that
would be a Non-U.S. Lender if it were a Lender shall not be entitled to the
benefits of Section 3.4 unless the Company is notified of the
participation sold to such

 

54

 

Participant and such Participant agrees, for
the benefit of the Borrowers, to comply with Section 3.4(d) as
though it were a Lender.

 

(d)           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 without limitation any pledge or
assignment to secure obligations to a Federal Reserve Bank, and this Section shall
not apply to any such pledge or assignment of a security interest; provided
that no such pledge or assignment of a security interest shall release a Lender
from any of its obligations hereunder or substitute any such pledgee or
assignee for such Lender as a party hereto.

 

12.2.                        Dissemination
of Information.  Each Borrower
authorizes each Lender to disclose to any assignee or Participant, or any other
Person acquiring an interest in the Loan Documents by operation of law (each a “Transferee”)
and any prospective Transferee any and all information in such Lender’s
possession concerning the creditworthiness of the Company and its Subsidiaries,
including any information contained in any Reports; provided that each
Transferee and prospective Transferee agrees to be bound by Section 9.11
of this Agreement.

 

12.3.                        Tax
Treatment.  If any interest in any
Loan Document is transferred to any Transferee which is not incorporated under
the laws of the United States or any State thereof, the transferor Lender shall
cause such Transferee, concurrently with the effectiveness of such transfer, to
comply with the provisions of Section 3.4(d).

 

ARTICLE XIII

NOTICES

 

13.1.                        Notices;
Effectiveness; Electronic Communication.

 

(a)                                  Notices
Generally.  Except in the case of
notices and other communications expressly permitted to be given by telephone
(and except as provided in clause (b) below), all notices and other
communications provided for herein shall be in writing and shall be delivered
by hand or overnight courier service, mailed by certified or registered mail or
sent by telecopier as follows:

 

(i)                                     if
to any Borrower, to the Company at its address or telecopier number set forth
on the signature page hereof;

 

(ii)                                  if
to the Administrative Agent, at its address or telecopier number set forth on
the signature page hereof;

 

(iii)                               if
to an Issuer, to it at its address or telecopier number set forth on the
signature page hereof or in its Administrative Questionnaire, as applicable;
and

 

(iv)                              if
to a Lender, to it at its address or telecopier 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 telecopier shall be deemed to have been given when sent (except
that, if not given during normal business hours for the recipient,

 

55

 

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 clause (b) below, shall be effective as provided in such clause
(b).

 

(b)                                 Electronic
Communications.  Notices and other
communications to the Lenders and the Issuers hereunder may be delivered or
furnished by electronic communication (including e-mail and internet or
intranet websites) pursuant to procedures approved by the Administrative Agent
or as otherwise determined by the Administrative Agent; provided that
the foregoing shall not apply to notices to any Lender or any Issuer pursuant
to Article II if such Lender or such Issuer, as applicable, has
notified the Administrative Agent that it is incapable of receiving notices
under such Article by electronic communication.  The Administrative Agent or any Borrower may,
in its respective discretion, agree to accept notices and other communications
to it hereunder by electronic communications pursuant to procedures approved by
it or as it otherwise determines; provided that such determination or
approval 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 given during the normal business hours of the recipient,
such notice or communication shall be deemed to have been given 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 telecopier number for notices and other
communications hereunder by notice to the other parties hereto.

 

ARTICLE XIV

COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION

 

14.1.                        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 Article IV,
this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received
counterparts hereof which, when taken together, bear the signatures of each of
the parties hereto, and thereafter shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns.  Delivery of an executed counterpart of a
signature page of this Agreement by telecopy shall be effective as delivery of
a manually executed counterpart of this Agreement.

 

14.2.                        Electronic
Execution of Assignments.  The words “execution,”
“signed,” “signature,” and words of like import in any assignment and
assumption agreement shall be deemed to include electronic signatures or the
keeping of records in electronic form, each of

 

56

 

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, or any other state
laws based on the Uniform Electronic Transactions Act.

 

ARTICLE XV

GUARANTY BY THE COMPANY

 

15.1.                        Guaranty.  The Company hereby absolutely,
unconditionally and irrevocably guarantees the full and punctual payment
(whether at stated maturity, upon acceleration or otherwise) of all obligations
of the Borrowing Subsidiaries under this Agreement, including the principal of
and interest on each Loan to each Borrowing Subsidiary and all obligations of
each Borrowing Subsidiary under or in connection with any Letter of Credit, and
all costs and expenses of the Administrative Agent and the Lenders in enforcing
any of their rights against the Borrowing Subsidiaries hereunder.  Upon failure by any Borrowing Subsidiary to
pay punctually any such amount, the Company shall forthwith on demand pay the
amount not so paid at the place, in the currency and in the manner specified in
this Agreement.

 

15.2.                        Guaranty
Unconditional.  The obligations of
the Company under this Article XV shall be absolute, unconditional
and irrevocable and, without limiting the generality of the foregoing, shall
not be released, discharged or otherwise affected by:

 

(a)                                  any
extension, renewal, settlement, compromise, waiver or release in respect of any
obligation of any Borrowing Subsidiary under this Agreement or any other Loan
Document, by operation of law or otherwise;

 

(b)                                 any
modification or amendment of or supplement to this Agreement or any other Loan
Document;

 

(c)                                  any
release, impairment, non perfection or invalidity of any other guaranty or of
any direct or indirect security for any obligation of any Borrowing Subsidiary
under this Agreement or any other Loan Document;

 

(d)                                 any
change in the corporate existence, structure or ownership of any Borrowing
Subsidiary or any insolvency, bankruptcy, reorganization or other similar
proceeding affecting any Borrowing Subsidiary or any Borrowing Subsidiary’s
assets or any resulting release or discharge of any obligation of any Borrowing
Subsidiary contained in this Agreement or any other Loan Document;

 

(e)                                  the
existence of any claim, set off or other right which the Company may have at
any time against any Borrowing Subsidiary, the Administrative Agent, any
Lender, any Issuer or any other Person, whether in connection herewith or any
unrelated transaction; provided that nothing herein shall prevent the
assertion of any such claim by separate suit or compulsory counterclaim;

 

(f)                                    any
invalidity or unenforceability relating to or against any Borrowing Subsidiary
for any reason of this Agreement or any other Loan Document, or any provision
of any

 

57

 

applicable law
or regulation purporting to prohibit the payment by any Borrowing Subsidiary of
the principal of or interest on any Loan or any other amount payable by such
Borrowing Subsidiary under this Agreement or any other Loan Document; or

 

(g)                                 any
other act or omission to act or delay of any kind by any Borrowing Subsidiary,
the Administrative Agent, any Lender, any Issuer or any other Person or any
other circumstance whatsoever which might, but for the provisions of this
paragraph, constitute a legal or equitable discharge of the Company’s
obligations as guarantor hereunder.

 

15.3.                        Discharge
only upon Payment in Full; Reinstatement in Certain Circumstances.  The Company’s obligations as guarantor
hereunder shall remain in full force and effect until the Commitments shall
have terminated and all obligations of the Borrowing Subsidiaries under this
Agreement and each other Loan Document shall have been paid in full.  If at any time any payment of principal, interest
or any other amount payable by any Borrowing Subsidiary under or in connection
with this Agreement or any other Loan Document is rescinded or must be
otherwise restored or returned upon the insolvency, bankruptcy or
reorganization of such Borrowing Subsidiary or otherwise, the Company’s
obligations hereunder with respect to such payment shall be reinstated as
though such payment had been due but not made at such time.

 

15.4.                        Waiver
by the Company.  The Company
irrevocably waives acceptance hereof,  presentment,
demand, protest and any notice not provided for herein, as well as any
requirement that at any time any action be taken by any Person against any
Borrowing Subsidiary or any other Person.

 

15.5.                        Subrogation.  Notwithstanding any payment made by or for
the account of any Borrowing Subsidiary pursuant to this Article XV,
the Company shall not be subrogated to any right of the Administrative Agent,
any Lender or any Issuer until such time as the Administrative Agent, the
Lenders and the Issuers and any applicable Affiliate of any Lender shall have
received final payment in cash of the full amount of all obligations of the
Borrowing Subsidiaries hereunder and under each other Loan Document.

 

15.6.                        Stay of
Acceleration.  If acceleration of the
time for payment of any amount payable by any Borrowing Subsidiary under this
Agreement or any other Loan Document is stayed upon the insolvency, bankruptcy
or reorganization of such Borrowing Subsidiary, all such amounts otherwise
subject to acceleration under the terms of this Agreement shall nonetheless be
payable by the Company hereunder forthwith on demand by the Administrative
Agent made at the request of the Required Lenders.

 

58

 

ARTICLE XVI

CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL

 

16.1.                        CHOICE OF LAW.  THE LOAN DOCUMENTS (OTHER THAN THOSE
CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK, BUT GIVING EFFECT
TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

 

16.2.                        CONSENT TO JURISDICTION.  EACH BORROWER HEREBY IRREVOCABLY SUBMITS TO
THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE
COURT SITTING IN NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF
OR RELATING TO ANY LOAN DOCUMENT AND EACH BORROWER HEREBY IRREVOCABLY AGREES
THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR
HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT
IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.  NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE
ADMINISTRATIVE AGENT, ANY LENDER OR ANY ISSUER TO BRING PROCEEDINGS AGAINST ANY
BORROWER IN THE COURTS OF ANY OTHER JURISDICTION.  ANY JUDICIAL PROCEEDING BY ANY BORROWER
AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY ISSUER OR ANY AFFILIATE OF
THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY ISSUER INVOLVING, DIRECTLY OR INDIRECTLY,
ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN
DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK, NEW YORK.

 

16.3.                        WAIVER OF JURY TRIAL.  EACH BORROWER, THE ADMINISTRATIVE AGENT, EACH
LENDER AND EACH ISSUER HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING
INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT,
CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH
ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER.

 

59

 

IN WITNESS WHEREOF, the Company, the Lenders, the Issuers and the
Administrative Agent have executed this Agreement as of the date first above
written.

 

 

	
   

  	
  BEMIS COMPANY, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Melanie E. R. Miller

  	
   

  	
   

  
	
   

  	
  Name: Melanie E. R. Miller

  	
   

  
	
   

  	
  Title: Vice President and Assistant
  Treasurer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  222 South 9th Street

  	
   

  
	
   

  	
  Suite 2300

  	
   

  
	
   

  	
  Minneapolis, MN 55402-4099

  	
   

  
	
   

  	
  Attention: Melanie E. R. Miller

  	
   

  
	
   

  	
  FAX: 612-376-3150

  	
   

  
					

 

S-1

	
  Commitments

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  $105,000,000

  	
  BANK ONE, NA,

  
	
   

  	
  Individually and as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mike Kells

  	
   

  
	
   

  	
  Name: Mike Kells

  
	
   

  	
  Title: Associate Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Lending Office:

  
	
   

  	
   

  
	
   

  	
  Bank One, NA

  
	
   

  	
  131 South Dearborn Street

  
	
   

  	
  IL1-0010

  
	
   

  	
  Chicago, Illinois 60603

  
	
   

  	
  Attention: Duyanna Goodlet

  
	
   

  	
  FAX: (312) 385-7098

  
	
   

  	
   

  
	
   

  	
  with a copy to:

  
	
   

  	
   

  
	
   

  	
  Bank One, NA

  
	
   

  	
  111 East Wisconsin Avenue

  
	
   

  	
  16th Floor

  
	
   

  	
  Milwaukee, Wisconsin 53202

  
	
   

  	
  Attention: Anthony F. Maggiore

  
	
   

  	
  FAX: (414) 765-2625

  

 

S-2

 

	
  $105,000,000

  	
  WACHOVIA BANK, N.A.

  
	
   

  	
  Individually and as Syndication Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Shawn Janko

  	
   

  
	
   

  	
  Name: Shawn Janko

  
	
   

  	
  Title: Vice President

  

 

S-3

 

	
  $80,000,000

  	
  U.S. BANK NATIONAL ASSOCIATION

  
	
   

  	
  Individually and as a Co-Documentation Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Christopher W. Rupp

  	
   

  
	
   

  	
  Name: Christopher W. Rupp

  
	
   

  	
  Title: Assistant Vice President

  

 

S-4

 

	
  $80,000,000

  	
  WELLS FARGO BANK, N.A.

  
	
   

  	
  Individually and as a Co-Documentation Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Scott Bjelde

  	
   

  
	
   

  	
  Name: Scott Bjelde

  
	
   

  	
  Title: Senior Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jennifer D. Barrett

  	
   

  
	
   

  	
  Name: Jennifer D. Barrett

  
	
   

  	
  Title: Vice President and Loan Team Manager

  
					

 

S-5

 

	
  $40,000,000

  	
  ING CAPITAL LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gil R. Kirkpatrick

  	
   

  
	
   

  	
  Name: Gil R. Kirkpatrick

  
	
   

  	
  Title: Director

  

 

S-6

 

	
  $30,000,000

  	
  BNP PARIBAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jo Ellen Bender

  	
   

  
	
   

  	
  Name: Jo Ellen Bender

  
	
   

  	
  Title: Managing Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Christine L. Howatt

  	
   

  
	
   

  	
  Name: Christine L. Howatt

  
	
   

  	
  Title: Director

  
					

 

S-7

 

	
  $30,000,000

  	
  ROYAL BANK OF SCOTLAND, plc

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael E. Keating

  	
   

  
	
   

  	
  Name: Michael E. Keating

  
	
   

  	
  Title: Managing Director

  

 

S-8

 

	
  $30,000,000

  	
  SUMITOMO MITSUI BANKING CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Yasuhiko Imai

  	
   

  
	
   

  	
  Name: Yasuhiko Imai

  
	
   

  	
  Title: Senior Vice President

  

 

S-9

 

PRICING SCHEDULE

 

	
  APPLICABLE

  MARGIN

  	
   

  	
  LEVEL I

  STATUS

  	
   

  	
  LEVEL II

  STATUS

  	
   

  	
  LEVEL III

  STATUS

  	
   

  	
  LEVEL IV

  STATUS

  	
   

  	
  LEVEL V

  STATUS

  	
   

  
	
  Eurocurrency Rate/Letter of Credit Fee Rate

  	
   

  	
  0.180

  	
  %

  	
  0.220

  	
  %

  	
  0.310

  	
  %

  	
  0.375

  	
  %

  	
  0.475

  	
  %

  
	
  Applicable Fee Rate

  	
   

  	
  0.070

  	
  %

  	
  0.080

  	
  %

  	
  0.090

  	
  %

  	
  0.125

  	
  %

  	
  0.150

  	
  %

  
	
  Utilization Fee Rate

  	
   

  	
  0.100

  	
  %

  	
  0.100

  	
  %

  	
  0.100

  	
  %

  	
  0.125

  	
  %

  	
  0.125

  	
  %

  

 

For the purposes of this Schedule, the following terms have the
following meanings, subject to the final paragraph of this Schedule:

 

“Level I Status” exists at any date if, on such date, the Company’s
Moody’s Rating is A1 or better and the Company’s S&P Rating is A+ or
better.

 

“Level II Status” exists at any date if, on such date, (i) the Company
has not qualified for Level I Status and (ii) the Company’s Moody’s Rating is
A2 or better and the Company’s S&P Rating is A or better.

 

“Level III Status” exists at any date if, on such date, (i) the Company
has not qualified for Level I Status or Level II Status and (ii) the Company’s
Moody’s Rating is A3 or better and the Company’s S&P Rating is A- or
better.

 

“Level IV Status” exists at any date if, on such date, (i) the Company
has not qualified for Level I Status, Level II Status  or Level III Status and (ii) the Company’s
Moody’s Rating is Baa1 or better and the Company’s S&P Rating is BBB+ or
better.

 

“Level V Status” exists at any date if, on such date, the Company has
not qualified for Level I Status, Level II Status, Level III Status or Level IV
Status.

 

“Moody’s Rating” means, at any time, the rating issued by Moody’s and
then in effect with respect to the Company’s senior unsecured long-term debt
securities without third-party credit enhancement.

 

“S&P Rating” means, at any time, the rating issued by S&P and
then in effect with respect to the Company’s senior unsecured long-term debt
securities without third-party credit enhancement.

 

“Status” means either Level I Status, Level II Status, Level III
Status, Level IV Status or Level V Status.

 

 

The Applicable Margin and Applicable Fee Rate shall be determined in
accordance with the foregoing table based on the Company’s Status as determined
from its then-current Moody’s and S&P Ratings.  The credit rating in effect on any date for
the purposes of this Schedule is that in effect at the close of business on
such date.  If at any time the Company
has no Moody’s Rating or no S&P Rating, Level V Status shall exist.

 

If the Company is split-rated and the ratings differential is one
notch, the higher of the two ratings will apply (e.g., A+/A2 results in Level I
Status and A/A3 results in Level II Status). 
If the Company is split-rated and the ratings differential is two or
more notches, the rating which is one notch above the lower rating shall be
used (e.g., A+/A3 results in Level II Status and A+/Baa2 results in Level III
Status).  If at any date, the Company’s
long-term unsecured debt is rated by neither S&P nor Moody’s, then Level V
Status shall apply.

 

 

EXHIBIT A

 

COMPLIANCE CERTIFICATE

 

	
  To:

  	
  The Lenders parties to the

  Credit Agreement Described Below

  

 

This Compliance Certificate is furnished pursuant to that certain
Credit Agreement dated as of               
,         (as amended, modified,
renewed or extended from time to time, the “Agreement”) among Bemis Company,
Inc. (the “Company”), various subsidiaries of the Company, the lenders party
thereto and Bank One, NA, as Agent for the Lenders.  Unless otherwise defined herein, capitalized
terms used in this Compliance Certificate have the meanings ascribed thereto in
the Agreement.

 

THE UNDERSIGNED HEREBY CERTIFIES THAT:

 

1.  I am the duly elected                       of the Company;

 

2.  I have reviewed the terms of
the Agreement and I have made, or have caused to be made under my supervision,
a detailed review of the transactions and conditions of the Company and its
Subsidiaries during the accounting period covered by the attached financial
statements;

 

3.  The examinations described in
paragraph 2 did not disclose, and I have no knowledge of, the existence of any
condition or event which constitutes a Default or Unmatured Default during or
at the end of the accounting period covered by the attached financial
statements or as of the date of this Certificate, except as set forth below;
and

 

4.  Schedule I attached hereto
sets forth financial data and computations evidencing the Borrower’s compliance
with certain covenants of the Agreement, all of which data and computations are
true, complete and correct.

 

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

 

 

 

 

The foregoing certifications, together with the computations set forth
in Schedule I hereto and the financial statements delivered with this
Certificate in support hereof, are made and delivered this      day
of                ,
      .

 

 

	
   

  	
   

  	
   

  

 

 

SCHEDULE I TO COMPLIANCE CERTIFICATE

 

Compliance as of             ,
      with

Provisions of        and          of

the Agreement

 

 

EXHIBIT B

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

This Assignment and Assumption (the “Assignment and Assumption”)
is dated as of the Effective Date set forth below and is entered into by and
between [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  (as amended, 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
Administrative Agent as contemplated below (i) all of the Assignor’s rights and
obligations in its capacity 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 any letters of credit and guarantees
included in such facilities) and (ii) to the extent permitted to be assigned
under applicable law, all claims, suits, causes of action and any other right
of the Assignor (in its capacity as a Lender) 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
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]]

  
	
   

  	
   

  	
   

  
	
  3.

  	
  Borrower(s):

  	
  Bemis Company, Inc. and various subsidiaries

  
	
   

  	
   

  	
   

  
	
  4.

  	
  Administrative Agent:

  	
  Bank One, NA, as the administrative agent under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
  5.

  	
  Credit Agreement:

  	
  The Credit Agreement dated as of September 2, 2004 among Bemis
  Company, Inc., various subsidiaries thereof, the Lenders parties thereto,
  Bank One, NA, as Administrative Agent, and the other agents parties thereto

  

 

 

6.                                       
Assigned Interest:

 

	
  Facility Assigned

  	
   

  	
  Aggregate Amount of

  Commitment/Loans for

  all Lenders

  	
   

  	
  Amount of

  Commitment/Loans

  Assigned

  	
   

  	
  Percentage Assigned of

  Commitment/Loans

  	
   

  
	
   

  	
   

  	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  
	
   

  	
   

  	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  
	
   

  	
   

  	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  

 

Effective Date:                            
      , 20      [TO BE
INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF
RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 

The terms set forth in this
Assignment and Assumption are hereby agreed to:

 

	
   

  	
  ASSIGNOR

  
	
   

  	
   

  
	
   

  	
  [NAME OF
  ASSIGNOR]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ASSIGNEE

  
	
   

  	
   

  
	
   

  	
  [NAME OF ASSIGNEE]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  

 

 

	
  [Consented to and] Accepted:

  
	
   

  
	
  BANK ONE, NA, as

  Administrative Agent

  
	
   

  
	
   

  
	
  By

  	
   

  	
   

  
	
  Title:

  
	
   

  
	
   

  
	
  [Consented to:]

  
	
   

  
	
  [NAME OF RELEVANT PARTY]

  
	
   

  
	
   

  
	
  By

  	
   

  	
   

  
	
  Title:

  

 

 

ANNEX 1

 

[                        ]

 

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 or any collateral
thereunder, (iii) the financial condition of any 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 any 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 satisfies the requirements, if any, specified in the Credit
Agreement that are required to be satisfied by it in order to acquire the
Assigned Interest and become a Lender, (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 has received a copy of the Credit
Agreement, together with copies of the most recent financial statements
delivered pursuant to Section 6.1 thereof, as applicable, and such other
documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Assignment and Assumption and to
purchase the Assigned Interest on the basis of which it has made such analysis
and decision independently and without reliance on the Administrative Agent or
any other Lender, and (v) if it is a Non-U.S. Lender, attached to the
Assignment and Assumption is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by
the Assignee; and (b) agrees that (i) it will, independently and without
reliance on the Administrative 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
Administrative Agent shall make all payments in respect of the Assigned
Interest (including payments of principal, interest, fees and other amounts) to
the Assignor for amounts which have accrued to but excluding the Effective Date
and to the Assignee for amounts which have accrued from and after the Effective
Date.

 

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 C

LOAN/CREDIT RELATED MONEY TRANSFER
INSTRUCTION

 

To Bank One, NA,

 as Administrative Agent (the “Administrative
Agent”) under the Credit Agreement

 Described Below.

 

Re:                               Credit Agreement dated
as of September 2, 2004 (as the same may be amended or modified, the “Credit
Agreement”) among Bemis Company, Inc. (the “Company”), various subsidiaries of
the Company, the Lenders named therein and the Administrative Agent.  Capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned thereto in the Credit
Agreement.

 

The
Administrative Agent is specifically authorized and directed to act upon the
following standing money transfer instructions with respect to the proceeds of Advances
or other extensions of credit from time to time until receipt by the
Administrative Agent of a specific written revocation of such instructions by
the Company; provided that the Administrative Agent may otherwise
transfer funds as hereafter directed in writing by the Company in accordance
with Section 13.1 of the Credit Agreement or based on any telephonic notice
made in accordance with Section 2.14 of the Credit Agreement.

 

 

	
  Customer/Account Name

  
	
   

  
	
  Transfer Funds To

  
	
   

  
	
   

  
	
  For Account No.

  
	
   

  
	
  Reference/Attention To

  
	
   

  
	
  Authorized Officer (Customer Representative)

  	
   

  	
  Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Please Print)

  	
  Signature

  
	
   

  	
   

  
	
  Bank Officer Name

  	
  Date

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Please Print)

  	
  Signature

  
						

 

 

(Deliver Completed Form to Credit Support
Staff For Immediate Processing)

 

 

EXHIBIT D

NOTE

 

 

[Date]                

 

                                         ,
a                                  
(the “Borrower”), promises to pay to the order of                                                                   
(the “Lender”) the aggregate unpaid principal amount of all Loans made by the
Lender to the Borrower pursuant to Article II of the Agreement (as hereinafter
defined), in immediately available funds at the main office of Bank One, NA in
Chicago, Illinois, as Agent, together with interest on the unpaid principal
amount hereof at the rates and on the dates set forth in the Agreement.  The Borrower shall pay the principal of and
accrued and unpaid interest on the Loans in full on the Facility Termination
Date.

 

The Lender
shall, and is hereby authorized to, record on the schedule attached hereto, or
to otherwise record in accordance with its usual practice, the date and amount
of each Loan and the date and amount of each principal payment hereunder.

 

This Note is
one of the Notes issued pursuant to, and is entitled to the benefits of, the
Credit Agreement dated as of September 2, 2004 (which, as amended or otherwise
modified from time to time, is herein called the “Agreement”), among the
Borrower, various affiliates thereof, the lenders party thereto, including the
Lender, and Bank One, NA, as Agent, to which Agreement reference is hereby made
for a statement of the terms and conditions governing this Note, including the
terms and conditions under which this Note may be prepaid or its maturity date
accelerated.  Capitalized terms used
herein and not otherwise defined herein are used with the meanings attributed
to them in the Agreement.

 

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Print Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

 

SCHEDULE OF LOANS AND PAYMENTS OF PRINCIPAL

TO

NOTE OF                 ,

DATED           ,

 

	
  Date

  	
   

  	
  Principal

  Amount of

  Loan

  	
   

  	
  Maturity

  of Interest

  Period

  	
   

  	
  Principal

  Amount

  Paid

  	
   

  	
  Unpaid

  Balance

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

EXHIBIT E

ASSOCIATED COSTS RATE

 

1.                                       Definitions.

 

In this
Exhibit E:

 

“Act” means the
Bank of England Act of 1998.

 

The terms “Eligible
Liabilities” and “Special Deposits” have the meanings ascribed to the them
under or pursuant to the Act or by the Bank of England (as may be appropriate),
on the day of the application of the formula set forth in this Exhibit F.

 

“Fee Base” has
the meaning ascribed to it for the purposes of, and shall be calculated in
accordance with, the Fees Regulations.

 

“Fees
Regulations” means, as appropriate, either: 
(i) the Banking Supervision (Fees) Regulations 1998, or (ii) such
regulations as from time to time may be in force, relating to the payment of
fees for banking supervision in the United Kingdom.

 

“FSA” means
the Financial Services Authority.

 

2.                                       Calculation
of the Associated Costs Rate.

 

The Associated
Costs Rate is an incremental per annum addition to the interest rate charged
with respect to each Eurocurrency Loan to compensate the Lenders for the cost
attributable to such Eurocurrency Loan resulting from the imposition from time
to time under or pursuant to the Act and/or by the Bank of England and/or the
FSA (or other United Kingdom governmental authorities or agencies) of a
requirement to place non-interest bearing or Special Deposits (whether interest
bearing or not) with the Bank of England and/or pay fees to the FSA calculated
by reference to the liabilities used to fund the relevant Eurocurrency Loan.

 

The “Associated
Costs Rate” is the rate determined by the Administrative Agent to be equal to
the rate (rounded upward, if necessary, to the next higher 1/100 of 1%)
resulting from the application of the following formula:

 

For Pounds Sterling:

 

	
   

  	
  AB + C(B –
  D) + E x 0.01

  	
   

  
	
   

  	
  100 – (A +
  C)

  	
   

  

 

For other Agreed Currencies:

 

	
   

  	
  E x 0.01

  	
   

  
	
   

  	
  300

  	
   

  

 

 

where on the day of application of the
formula,

 

A             is the percentage of Eligible
Liabilities (in excess of any stated minimum) which the Administrative Agent is
from time to time required to maintain as an interest free cash ratio deposit
with the Bank of England.

 

B             is the Eurocurrency Reference Rate
applicable to the related Eurocurrency Loan.

 

C             is the level of interest-bearing
Special Deposits, expressed as a percentage of Eligible Liabilities, which the
Administrative Agent is required from time to time to maintain by the Bank of
England (or other United Kingdom governmental authority or agency).

 

D             is the percentage rate per annum
payable by the Bank of England to the Administrative Agent on Special Deposits.

 

E              is the rate payable by the
Administrative Agent to the FSA pursuant to the Fees Regulations and expressed
in pounds per 1,000,000 Pounds Sterling of the Fee Base of the Administrative
Agent.

 

(A, B, C and D are to be expressed in the
formula as numbers and not as percentages. 
A negative result obtained from subtracting D from B shall be counted as
zero.)

 

The Associated Costs Rate attributable to a
Eurocurrency Loan for any period shall be calculated at or about 11:00 a.m.
(London time) on the first day of such period for the duration of such period.

 

The determination of the Associated Costs
Rate by the Administrative Agent in relation to any period shall, in the
absence of manifest error, be conclusive and binding on all parties hereto.

 

 

EXHIBIT F

FORM OF INCREASE REQUEST

 

                                 ,
20    

 

Bank One, NA, as Administrative Agent

  under the Credit Agreement
referred to below

[ADDRESS]

Attention:  [                          ]

 

Ladies/Gentlemen:

 

Please refer to the Credit Agreement dated as of
September 2, 2004 (as amended or otherwise modified from time to time, the “Credit
Agreement”) among Bemis Company, Inc. (the “Company”), various
subsidiaries of the Company, various financial institutions and Bank One, NA,
as Administrative Agent.  Capitalized
terms used but not defined herein have the respective meanings set forth in the
Credit Agreement.

 

In accordance with Section 2.5.4 of the Credit
Agreement, the Company hereby requests an increase in the Aggregate Commitment
from $                    
to $                    .  Such increase shall be made by [increasing
the [Domestic][Multicurrency] Commitment of                         
from $                
to $                ]
[adding                           
as an Additional Lender under the Credit Agreement with a
[Domestic][Multicurrency] Commitment of $                        ]
as set forth in the letter attached hereto. 
Such increase shall be effective three Business Days after the date that
the Administrative Agent acknowledges receipt of the letter attached hereto or
such other date as is agreed among the Company, the Administrative Agent and
the [increasing] [Additional] Lender.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  BEMIS COMPANY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 

ANNEX 1 TO EXHIBIT F

 

[Date]

 

Bank One, NA, as Administrative Agent

  under the Credit Agreement
referred to below

[ADDRESS]

Attention:  [                              ]

 

 

 

Ladies/Gentlemen:

 

Please refer to the letter dated                     ,
20     from Bemis Company, Inc. (the “Company”)
requesting an increase in the Aggregate Commitment from $                    
to $                    
pursuant to Section 2.5.4 of the Credit Agreement dated as of September 2, 2004
(as amended or otherwise modified from time to time, the “Credit Agreement”)
among the Company, various subsidiaries of the Company, various financial
institutions and Bank One, NA, as Administrative Agent.  Capitalized terms used but not defined herein
have the respective meanings set forth in the Credit Agreement.

 

The undersigned hereby confirms that it has agreed to
increase its [Domestic][Multicurrency] Commitment under the Credit Agreement
from $                    
to $                    
effective on the date which is three Business Days after the acknowledgment of
receipt hereof by the Administrative Agent or on such other date as may be
agreed among the Company, the Administrative Agent and the undersigned.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  [NAME OF INCREASING LENDER]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

Receipt acknowledged as of

                          ,
20      

 

	
  BANK ONE, NA, as Administrative Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  
						

 

 

ANNEX 2 TO EXHIBIT F

 

[Date]

 

Bank One, NA, as Administrative Agent

  under the Credit Agreement
referred to below

[ADDRESS]

Attention:  [                              ]

 

Ladies/Gentlemen:

 

Please refer to the letter dated                     ,
20       from Bemis Company, Inc. (the “Company”)
requesting an increase in the Aggregate Commitment from $                    
to $                    
pursuant to Section 2.5.4 of the Credit Agreement dated as of September 2, 2004
(as amended or otherwise modified from time to time, the “Credit Agreement”)
among the Company, various Subsidiaries of the Company, various financial
institutions and Bank One, NA, as Administrative Agent.  Capitalized terms used but not defined herein
have the respective meanings set forth in the Credit Agreement.

 

The undersigned hereby confirms that it has agreed to
become a Lender under the Credit Agreement with a [Domestic][Multicurrency]
Commitment of $                    
effective on the date which is three Business Days after the acknowledgement of
receipt hereof, and consent hereto, by the Administrative Agent or on such
other date as may be agreed among the Company, the Administrative Agent and the
undersigned.

 

The undersigned (a) acknowledges that it has
received a copy of the Credit Agreement and the Schedules and Exhibits thereto,
together with copies of the most recent financial statements delivered by the
Company pursuant to the Credit Agreement, and such other documents and information
as it has deemed appropriate to make its own credit and legal analysis and
decision to become a Lender under the Credit Agreement; and (b) agrees
that it will, independently and without reliance upon the Administrative Agent
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 and legal
decisions in taking or not taking action under the Credit Agreement.

 

The undersigned represents and warrants that
(i) it is duly organized and existing and it has full power and authority
to take, and has taken, all action necessary to execute and deliver this letter
and to consummate the transactions contemplated hereby and to become a Lender
under the Credit Agreement; and (ii) no notices to, or consents,
authorizations or approvals of, any Person are required (other than any already
given or obtained) for its due execution and delivery of this letter and the
performance of its obligations as a Lender under the Credit Agreement.

 

The undersigned agrees to execute and deliver such
other instruments, and take such other actions, as the Administrative Agent or
the Company may reasonably request in connection with the transactions
contemplated by this letter.

 

 

The following administrative details apply to the undersigned:

 

	
   

  	
  (A)

  	
  Notice Address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Legal name: 

  	
   

  	
   

  
	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention: 

  	
   

  	
   

  
	
   

  	
   

  	
  Telephone: (   ) 

  	
   

  
	
   

  	
   

  	
  Facsimile: (   ) 

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (B)

  	
  Payment Instructions:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Account No.: 

  	
   

  	
   

  
	
   

  	
   

  	
  At:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Reference:

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
   

  	
   

  
												

 

The undersigned acknowledges and agrees that, on the
date on which the undersigned becomes a Lender under the Credit Agreement as
set forth in the second paragraph hereof, the undersigned (a) will be bound by
the terms of the Credit Agreement as fully and to the same extent as if the
undersigned were an original Lender under the Credit Agreement and (b) 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.

 

This letter shall be binding upon, and inure to the
benefit of, the parties hereto and their respective successors and
assigns.  This letter 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 letter by telecopy shall be effective as delivery of a
manually executed counterpart of this letter. 
This letter shall be governed by, and construed in accordance with, the
law of the State of New York.

 

	
   

  	
   

  	
  Very truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  [NAME OF NEW LENDER]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
						

 

 

Acknowledged and consented to as of

                            ,
20      

 

	
  BANK ONE, NA, as Administrative Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  
						

 

 

EXHIBIT
G-1

 

BORROWING SUBSIDIARY AGREEMENT

 

[Date]

 

Bank One, NA, as Administrative Agent

 

Attention: 

 

Ladies and Gentlemen:

 

The undersigned,
Bemis Company, Inc. (the “Company”), refers to the Credit Agreement dated as of
September 2, 2004 (as amended or otherwise modified from time to time, the “Credit
Agreement”) among the Company, the Borrowing Subsidiaries named therein, the
financial institutions from time to time party thereto and Bank One, NA, as
Administrative Agent.  Capitalized terms
used and not otherwise defined herein shall have the meanings assigned to such
terms in the Credit Agreement.

 

The Company
requests that                 
(the “Designated Borrowing Subsidiary”) become a Borrowing Subsidiary under the
Credit Agreement effective on                             .  The Company and the Designated Borrowing
Subsidiary make, on and as of the date of such effectiveness, the
representations and warranties as to the Designated Borrowing Subsidiary
contained in Article V of the Credit Agreement. 
The Designated Borrowing Subsidiary agrees to be bound in all respects
by the terms of the Credit Agreement and to perform all of the obligations of a
Borrowing Subsidiary thereunder.  Each
reference to a Borrowing Subsidiary in the Agreement shall be deemed to include
the Designated Borrowing Subsidiary.

 

All communications
to the Designated Borrowing Subsidiary under the Credit Agreement should be
directed to the Company as set forth in the Section 13.1 of the Credit
Agreement.

 

This instrument
shall be construed in accordance with and governed by the laws of the State of
New York.

 

Upon the execution
of this Borrowing Subsidiary Agreement by the Company and the Designated
Borrowing Subsidiary [and the Lenders listed below]* and acceptance hereof by
the Administrative Agent, the Designated Borrowing Subsidiary shall become a
Borrowing Subsidiary under the Credit Agreement as though it were an original
party thereto and shall be entitled to borrow under the Credit Agreement upon
the satisfaction of the conditions precedent set forth in Article IV of the
Credit Agreement.

 

The Designated
Borrowing Subsidiary will request Loans denominated in [LIST AGREED CURRENCY].

 

*Insert only if not all Lenders
will participate in Loans to the Designated Borrowing Subsidiary.

 

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BEMIS COMPANY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  [DESIGNATED BORROWING

  SUBSIDIARY]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

	
  Accepted as of the date first above written.

  BANK ONE, NA, as Administrative Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  
						

 

 

Attachment 1 to Borrowing Subsidiary
Agreement

 

 

Set forth below are the Lenders that will be BSub Lenders with respect
to the Designated Borrowing Subsidiary and the BSub Commitments and BSub
Percentages of such Lenders:

 

 

EXHIBIT G-2

 

BORROWING SUBSIDIARY TERMINATION

 

[Date]

 

Bank One, NA, as Administrative Agent

 

Attention:

 

Ladies and Gentlemen:

 

Bemis Company,
Inc. (the “Company”), refers to the Credit Agreement dated as of September 2,
2004 (as amended or otherwise modified from time to time, the “Credit Agreement”),
among the Company, the Borrowing Subsidiaries named therein, the financial
institutions from time to time party thereto and Bank One, NA, as
Administrative Agent.  Capitalized terms
used and not otherwise defined herein shall have the meanings assigned to such
terms in the Credit Agreement.

 

The Company elects
to terminate the status of                   
(the “Terminated Borrowing Subsidiary”) as a Borrowing Subsidiary for purposes
of the Credit Agreement.  The Company
represents and warrants that no Loans or Letters of Credit made to or issued
for the account of the Terminated Borrowing Subsidiary are outstanding as of
the date hereof and that all principal and interest on all Loans, and all
reimbursement obligations with respect to Letters of Credit payable by the
Terminated Borrowing Subsidiary pursuant to the Credit Agreement have been paid
in full on or prior to the date hereof.

 

This instrument shall be construed in accordance with and governed by
the laws of the State of New York.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  BEMIS COMPANY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]