Document:

Exhibit 10.3

Exhibit 10.3

AGREEMENT AND GENERAL RELEASE

This Agreement and General Release is made and entered into by and between
Dana R. Snyder
(hereinafter referred to as “Employee”) and Associated Materials Incorporated (hereinafter referred
to as “Company”).

WITNESSETH:

WHEREAS, Employee was employed by Company on June 2, 2011 and his employment is terminated
effective October 2, 2011;

WHEREAS, Employee and Company desire to settle fully and finally all differences between them,
including, but in no way limited to, any differences that might arise out of Employee’s employment
with Company;

NOW THEREFORE, in consideration of the mutual promises herein contained,

It is agreed as follows:

First: The Company will pay Employee severance pay in the amount of one thousand
dollars ($1,000) per month until May 31, 2012.

Second: The Company will continue Employee’s coverage under the Company medical, and
dental insurance program, as it may be amended and provided by law, through the period of severance
pay, as provided in the First paragraph above. Upon termination of medical and dental coverage, the
Employee will be offered COBRA coverage as provided by law.

 

 

 

Third: Employee agrees that he will continue to cooperate with the Company and will
make himself available as his services are needed by the Company. As Employee’s services are
needed by the Company the Employee will be reimbursed for his reasonable expenses.

Fourth: Employee understands and agrees that effective October 2, 2011, he is no
longer authorized to incur any expenses or obligations or liabilities on behalf of the Company,
unless specifically authorized.

Fifth: Employee agrees that in the course of his employment with the Company he has
acquired certain confidential Company information. Employee understands and agrees that such
Company information has been disclosed to Employee in confidence and for Company use only.
Employee understands and agrees that he will keep such Company information confidential at all
times during and after his employment with the Company. When Company information becomes generally
available to the public other than by Employee’s acts or omissions, it is no longer subject to the
restrictions in this paragraph. However, Company information shall not be deemed to come under
this exception merely because it is embraced by more general information which is or becomes
generally available to the public.

Sixth: It is agreed that the benefits contained in this Agreement and General Release
which flow to Employee from Company are subject to termination, reduction or cancellation in the
event that Employee takes any action or engages in any conduct in violation of this Agreement.

 

2

 

Seventh: Moreover, the provisions of this Agreement are severable, and if any part of
it is found to be unenforceable, the other paragraphs shall remain fully valid and enforceable.

Eighth: Employee agrees that he will make no disparaging or derogatory remarks or
statements, oral or written, about the Company, employees of the Company or the Company’s business
to any person.

Ninth: Employee understands and agrees that he fully understands his right to consult
with his private attorney and to discuss all aspects of this Agreement with his private attorney,
that to the extent, if any, that he desired, he has availed himself to this right, that he has
carefully read and fully understands all of the provisions of this Agreement and General Release,
and that he voluntarily entering this Agreement and General Release.

Tenth: As a material inducement to the Company to enter into this Agreement and
General Release, except as provided in the Fourteenth Paragraph, Employee hereby irrevocably and
unconditionally releases, acquits and forever discharges Company and each of company’s owners,
stockholders, predecessors, successors, assigns, agents, insurers, directors, officers, employees,
representatives, attorneys, divisions, subsidiaries, affiliates (and agents, directors, officers,
employees, representatives and attorneys of such parent companies, divisions, subsidiaries and
affiliates), and all persons acting by, through under or in concert with any of them (collectively
“Releasees” individually and in their official

 

3

 

 capacities), from any and all charges, complaints,
claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes or
action, suits, rights, demands, costs, losses, debts and expenses (including attorney’s fees and costs actually incurred) of any nature
whatsoever, known or unknown, suspected or unsuspected, including, but not limited to, rights under
federal, state or local laws prohibit age, race, sex, handicap, or rights or claims arising under
the Age Discrimination in Employment Act (ADEA) or other forms of discrimination, claims growing
out of any legal restrictions on Company’s rights to terminate its employees, workers’ compensation
claims, (“Claim” or “Claims”), which Employee now has, owns or holds, or claims to have, own or
hold, or which Employee at any time heretofore had, owned or held, or claimed to have, own or hold,
against each of any of the Releases.

Eleventh: This Agreement and General Release shall not in any way be construed as an
admission by the Company that it has acted wrongfully with respect to employee or any other person,
or that Employee has any rights whatsoever against Company and Company specifically disclaims any
liability to or wrongful acts against Employee or any other person, on the part of itself, its
employees or its agents.

Twelfth: Employee agrees not to seek or accept any further benefit or consideration,
including reinstatement, back pay, or attorney’s fees, or any additional money with respect to his
employment or separation of his employment from the Company.

Thirteenth: Employee understands that he has twenty-one (21) days from the date of
the Company’s final offer to consider the herein Agreement. The Employee and the Company agree
that material or immaterial changes to the Company’s final offer do not restart the running of the
twenty-one (21) day period and that if Employee executes
this agreement prior to the expiration of such twenty-one (21) day period he has waived the
balance of such twenty-one (21) day period.

 

4

 

This Agreement and General Release sets forth the entire agreement between the parties hereto
concerning the subject matter hereof, and fully supersedes any prior arrangements or understandings
between the parties hereto pertaining to the subject matter hereof.

The Employee states that he has been given a consideration period, as set forth in this
paragraph, to consider this Agreement and understands that he has seven days following the
execution of the Agreement to revoke said Agreement. Said revocation, if exercised, must be in
writing and be received by the Company prior to the expiration of the seven-day period.

 

5

 

PLEASE READ CAREFULLY. THIS AGREEMENT AND GENERAL RELEASE INCLUDES A RELEASE OF ALL KNOWN AND
UNKNOWN CLAIMS.

	 	 	 	 	 	 	 
	 

	 	Associated
Materials Incorporated
	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:

	 	/s/ John F. Haumesser
 

John F. Haumesser
	 	 
	 

	 	 	 	Vice President, Human Resources	 	 
	 
	 	 	 	 	 	 
	 

	 	Date:
	 	September 20, 2011	 	 
	 
	 	 	 	 	 	 
	 

	 	Signed and Accepted:
	 	/s/ Dana R. Snyder	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Dana R. Snyder	 	 
	 
	 	 	 	 	 	 
	 

	 	 
	 	Date: September 22, 2011	 	 

 

6exv10w1

Exhibit 10.1

LETTER OF AMENDMENT Nr. 2

TO AN AGREEMENT DATED 7 SEPTEMBER 2010

Dated as of 8th November 2011

	To: 	 	 NAVIOS MARITIME ACQUISITION CORPORATION

Trust Company Complex Ajeltake Road

Ajeltake Island

Majuro-Marshall Islands

(the “Borrower”)
	 
	Att: 	 	 Mr. Leonidas Korres

Dear Sirs,

	Re:  	 	Agreement dated 7 September 2010 (together with all amendments
thereto or supplements thereof the “Agreement”) made between the
Borrower and Navios Maritime Holdings Inc. of the Republic of the
Marshall Islands (“Navios”).

We refer to the Agreement and all terms not otherwise defined herein shall have the meaning
ascribed to them in the Agreement.

In view of your request to extend availability under the Loan until December 31, 2014, we hereby
agree as follows:

1. To amend the following clauses of the Agreement to read as follows:

“5.1 The Borrower must repay the Loan thereon in full on December 31, 2014 (time being of the
essence).”

2. The Borrower shall pay Navios a fee of four-hundred thousand Dollars ($400,000) in two (2) equal
installments, by April 1, 2012 and November 8, 2012.

All other terms of the Agreement shall remain unaltered and in full force and effect.

It is hereby expressly stated that notwithstanding the amendments (including Letter of Amendment
Nr. 1) and/or additions to the Agreement referred to in this letter of amendment nr.2 all the
Finance Documents shall remain in full force and effect.

[SIGNATURE PAGE FOLLOWS]

 

 

Please confirm your agreement to the terms and conditions of this letter of amendment nr.2 by
signing the enclosed copy of this letter of amendment nr.2 and returning it to us.

Yours faithfully,

	 	 	 	 	 
	 	NAVIOS MARITIME HOLDINGS INC.

 	 
	 	By:  	/s/ George Achniotis	 
	 	 	Name:  	George Achniotis 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

We hereby
agree to and accept this letter of amendment nr.2.

Date: 8th November 2011

	 	 	 	 	 
	 	NAVIOS MARITIME ACQUISITION CORPORATION

 
	 	By:  	/s/ Leonidas Korres	 
	 	 	Name:  	Leonidas Korres 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

2exv10w1

Exhibit 10.1

$25,000,000 CREDIT FACILITY

CREDIT AGREEMENT

Dated as of November 10, 2011

by and among

RENTECH NITROGEN LLC,

as Borrower,

RENTECH NITROGEN PARTNERS, L.P.

as Guarantor,

THE OTHER PERSONS PARTY HERETO THAT ARE

DESIGNATED AS CREDIT PARTIES FROM TIME TO TIME,

GENERAL ELECTRIC CAPITAL CORPORATION

for itself, as a Lender and as Agent for all Lenders,

THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO

as Lenders,

and

GE CAPITAL MARKETS, INC.,

as Sole Lead Arranger and Bookrunner

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE I —  THE CREDITS
	 	 	1	 
	 
	 	 	 	 
	1.1 Amounts and Terms of Commitments
	 	 	2	 
	1.2 Notes
	 	 	5	 
	1.3 Interest
	 	 	5	 
	1.4 Loan Accounts
	 	 	6	 
	1.5 Procedure for Revolving Credit Borrowing
	 	 	7	 
	1.6 Conversion and Continuation Elections
	 	 	8	 
	1.7 Optional Prepayments; Commitment Reduction and Termination
	 	 	8	 
	1.8 Repayment of Loans
	 	 	9	 
	1.9 Fees
	 	 	9	 
	1.10 Payments by Borrower
	 	 	11	 
	1.11 Payments by the Lenders to Agent; Settlement
	 	 	12	 
	 
	 	 	 	 
	ARTICLE II —  CONDITIONS PRECEDENT
	 	 	15	 
	 
	 	 	 	 
	2.1 Conditions of Initial Loans
	 	 	15	 
	2.2 Conditions to All Borrowings
	 	 	16	 
	 
	 	 	 	 
	ARTICLE III —  REPRESENTATIONS AND WARRANTIES
	 	 	16	 
	 
	 	 	 	 
	3.1 Corporate Existence and Power
	 	 	16	 
	3.2 Corporate Authorization; No Contravention
	 	 	17	 
	3.3 Governmental Authorization
	 	 	17	 
	3.4 Binding Effect
	 	 	17	 
	3.5 Litigation
	 	 	18	 
	3.6 No Default
	 	 	18	 
	3.7 ERISA Compliance
	 	 	18	 
	3.8 Use of Proceeds; Margin Regulations
	 	 	18	 
	3.9 Title to Properties
	 	 	19	 
	3.10 Taxes
	 	 	20	 
	3.11 Financial Condition
	 	 	20	 
	3.12 Environmental Matters
	 	 	21	 
	3.13 Regulated Entities
	 	 	22	 
	3.14 Solvency
	 	 	22	 
	3.15 Labor Relations
	 	 	22	 
	3.16 Intellectual Property
	 	 	22	 
	3.17 Brokers’ Fees; Transaction Fees
	 	 	23	 
	3.18 Insurance
	 	 	23	 
	3.19 Ventures, Subsidiaries and Affiliates; Outstanding Stock
	 	 	23	 
	3.20 Jurisdiction of Organization; Chief Executive Office
	 	 	23	 
	3.21 Deposit Accounts and Other Accounts
	 	 	23	 
	3.22 Bonding; Licenses
	 	 	23	 
	3.23 Related Agreements
	 	 	24	 
	3.24 Status of Partnership and Affiliates
	 	 	24	 

 

i

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page	 
	 
	3.25 Full Disclosure
	 	 	24	 
	3.26 Foreign Assets Control Regulations and Anti-Money Laundering
	 	 	25	 
	3.27 Patriot Act
	 	 	25	 
	3.28 Solvency
	 	 	25	 
	 
	 	 	 	 
	ARTICLE IV —  AFFIRMATIVE COVENANTS
	 	 	25	 
	 
	 	 	 	 
	4.1 Financial Statements
	 	 	25	 
	4.2 Certificates; Other Information
	 	 	27	 
	4.3 Notices
	 	 	28	 
	4.4
Preservation of Corporate Existence, Etc.
	 	 	30	 
	4.5 Maintenance of Property
	 	 	30	 
	4.6 Insurance
	 	 	31	 
	4.7 Payment of Obligations
	 	 	32	 
	4.8 Compliance with Laws
	 	 	32	 
	4.9 Inspection of Property and Books and Records
	 	 	32	 
	4.10 Use of Proceeds
	 	 	33	 
	4.11 Cash Management Systems
	 	 	33	 
	4.12 Landlord Agreements
	 	 	33	 
	4.13 Further Assurances
	 	 	33	 
	4.14 Environmental Matters
	 	 	35	 
	4.15 Post-Closing Obligations
	 	 	35	 
	 
	 	 	 	 
	ARTICLE V —  NEGATIVE COVENANTS
	 	 	35	 
	 
	 	 	 	 
	5.1 Limitation on Liens
	 	 	35	 
	5.2 Disposition of Assets
	 	 	38	 
	5.3 Consolidations and Mergers
	 	 	38	 
	5.4 Loans and Investments
	 	 	39	 
	5.5 Limitation on Indebtedness
	 	 	40	 
	5.6 Transactions with Affiliates
	 	 	40	 
	5.7 Fees and Compensation
	 	 	41	 
	5.8 Use of Proceeds
	 	 	41	 
	5.9 Contingent Obligations
	 	 	41	 
	5.10 [Reserved]
	 	 	42	 
	5.11 Restricted Payments
	 	 	42	 
	5.12 Change in Business
	 	 	43	 
	5.13 Change in Structure
	 	 	43	 
	5.14 Changes in Accounting, Name and Jurisdiction of Organization
	 	 	43	 
	5.15 Amendments to Related Agreements and Subordinated Indebtedness
	 	 	44	 
	5.16 No Negative Pledges
	 	 	44	 
	5.17 OFAC; Patriot Act
	 	 	45	 
	5.18 Sale-Leasebacks
	 	 	45	 
	5.19 Hazardous Materials
	 	 	45	 

 

ii

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE VI —  FINANCIAL COVENANTS
	 	 	45	 
	 
	 	 	 	 
	6.1 Fixed Charge Coverage Ratio
	 	 	45	 
	6.2 Minimum EBITDA
	 	 	45	 
	6.3 Clean Down Period
	 	 	45	 
	 
	 	 	 	 
	ARTICLE VII —  EVENTS OF DEFAULT
	 	 	46	 
	 
	 	 	 	 
	7.1 Event of Default
	 	 	46	 
	7.2 Remedies
	 	 	48	 
	7.3 Rights Not Exclusive
	 	 	48	 
	7.4 Cash Collateral for Letters of Credit
	 	 	49	 
	 
	 	 	 	 
	ARTICLE VIII —  AGENT
	 	 	49	 
	 
	 	 	 	 
	8.1 Appointment and Duties
	 	 	49	 
	8.2 Binding Effect
	 	 	50	 
	8.3 Use of Discretion
	 	 	50	 
	8.4 Delegation of Rights and Duties
	 	 	51	 
	8.5 Reliance and Liability
	 	 	51	 
	8.6 Agent Individually
	 	 	52	 
	8.7 Lender Credit Decision
	 	 	53	 
	8.8 Expenses; Indemnities
	 	 	53	 
	8.9 Resignation of Agent or L/C Issuer
	 	 	54	 
	8.10 Release of Collateral or Guarantors
	 	 	55	 
	8.11 Additional Secured Parties
	 	 	56	 
	8.12 Documentation Agent and Syndication Agent
	 	 	56	 
	 
	 	 	 	 
	ARTICLE IX —  MISCELLANEOUS
	 	 	57	 
	 
	 	 	 	 
	9.1 Amendments and Waivers
	 	 	57	 
	9.2 Notices
	 	 	58	 
	9.3 Electronic Transmissions
	 	 	59	 
	9.4 No Waiver; Cumulative Remedies
	 	 	60	 
	9.5 Costs and Expenses
	 	 	60	 
	9.6 Indemnity
	 	 	61	 
	9.7 Marshaling; Payments Set Aside
	 	 	62	 
	9.8 Successors and Assigns
	 	 	62	 
	9.9 Assignments and Participations; Binding Effect
	 	 	62	 
	9.10 Non-Public Information; Confidentiality
	 	 	65	 
	9.11 Set-off; Sharing of Payments
	 	 	67	 
	9.12 Counterparts; Facsimile Signature
	 	 	68	 
	9.13 Severability
	 	 	68	 
	9.14 Captions
	 	 	68	 
	9.15 Independence of Provisions
	 	 	68	 
	9.16 Interpretation
	 	 	68	 

 

iii

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page	 
	 
	9.17 No Third Parties Benefited
	 	 	68	 
	9.18 Governing Law and Jurisdiction
	 	 	68	 
	9.19 Waiver of Jury Trial
	 	 	69	 
	9.20 Entire Agreement; Release; Survival
	 	 	70	 
	9.21 Patriot Act
	 	 	70	 
	9.22 Replacement of Lender
	 	 	70	 
	9.23 Creditor-Debtor Relationship
	 	 	71	 
	9.24 No Recourse
	 	 	71	 
	 
	 	 	 	 
	ARTICLE X —  TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	71	 
	 
	 	 	 	 
	10.1 Taxes
	 	 	71	 
	10.2 Illegality
	 	 	74	 
	10.3 Increased Costs and Reduction of Return
	 	 	75	 
	10.4 Funding Losses
	 	 	76	 
	10.5 Inability to Determine Rates
	 	 	77	 
	10.6 Reserves on LIBOR Rate Loans
	 	 	77	 
	10.7 Certificates of Lenders
	 	 	77	 
	 
	 	 	 	 
	ARTICLE XI —  DEFINITIONS
	 	 	77	 
	 
	 	 	 	 
	11.1 Defined Terms
	 	 	77	 
	11.2 Other Interpretive Provisions
	 	 	98	 
	11.3 Accounting Terms and Principles
	 	 	99	 
	11.4 Payments
	 	 	99	 
	 
	 	 	 	 

 

iv

 

SCHEDULES

	 	 	 
	Schedule 1.1(a)

	 	Revolving Loan Commitments
	Schedule 3.5

	 	Litigation
	Schedule 3.7

	 	ERISA
	Schedule 3.8

	 	Margin Stock
	Schedule 3.9

	 	Real Estate
	Schedule 3.12

	 	Environmental
	Schedule 3.15

	 	Labor Relations
	Schedule 3.17

	 	Brokers’ and Transaction Fees
	Schedule 3.19

	 	Ventures, Subsidiaries and Affiliates; Outstanding Stock
	Schedule 3.20

	 	Jurisdiction of Organization; Chief Executive Office
	Schedule 3.21

	 	Deposit Accounts and Other Accounts
	Schedule 3.22

	 	Bonding; Licenses
	Schedule 4.2

	 	Borrower’s Website Address
	Schedule 4.15

	 	Post-Closing Obligations
	Schedule 5.1

	 	Liens
	Schedule 5.4

	 	Investments
	Schedule 5.5

	 	Indebtedness
	Schedule 5.9

	 	Contingent Obligations
	 
	 	 
	EXHIBITS

	 
	 	 
	Exhibit 1.1(b)

	 	Form of L/C Request
	Exhibit 1.6

	 	Form of Notice of Conversion/Continuation
	Exhibit 2.1

	 	Closing Checklist
	Exhibit 4.2(b)

	 	Form of Compliance Certificate
	Exhibit 5.4

	 	Form of Joint Venture Certificate
	Exhibit 11.1(a)

	 	Form of Assignment
	Exhibit 11.1(c)

	 	Form of Notice of Borrowing
	Exhibit 11.1(d)

	 	Form of Revolving Note

 

v

 

CREDIT AGREEMENT

This CREDIT AGREEMENT (including all exhibits and schedules hereto, as the same may be
amended, restated, supplemented or otherwise modified and/or restated from time to time, this
“Agreement”) is entered into as of November 10, 2011, by and among Rentech Nitrogen, LLC, a
Delaware limited liability company, formerly known as Rentech Energy Midwest Corporation
(“Borrower”), Rentech Nitrogen Partners, L.P., a Delaware limited partnership
(“Partnership”), the other Persons party hereto that are designated as a “Credit Party”,
General Electric Capital Corporation, a Delaware corporation (in its individual capacity, “GE
Capital”), as agent (in such capacity, “Agent”) for the several financial institutions
from time to time party to this Agreement (collectively, the “Lenders” and individually
each a “Lender”) and for itself as a Lender and such Lenders.

RECITALS

A. Borrower has requested, and the Lenders have agreed to make available to Borrower, a
revolving credit facility (including a letter of credit sub-facility), upon and subject to the
terms and conditions set forth in this Agreement to (i) provide for working capital, capital
expenditures and other general corporate purposes of Borrower and its Subsidiaries, and (ii) fund
certain fees and expenses associated with the funding of the Loans and consummation of the Related
Transactions and the other transactions contemplated thereby.

B. Borrower desires to secure all of its Obligations under the Loan Documents by granting to
Agent, for the benefit of Agent and the Secured Parties, a security interest in and lien upon
substantially all of its Property.

C. Partnership directly owns all of the Stock and Stock Equivalents of Borrower and is willing
to guaranty all of the Obligations and to pledge to Agent, for the benefit of Agent and the Secured
Parties, all of the Stock and Stock Equivalents of Borrower and substantially all of its other
Property to secure the Obligations.

 

1

 

AGREEMENT

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained
herein, the parties hereto agree as follows:

ARTICLE I -

THE CREDITS

1.1 Amounts and Terms of Commitments.

(a) The Revolving Credit. Subject to the terms and conditions of this Agreement and
in reliance upon the representations and warranties of the Credit Parties contained herein, each
Revolving Lender severally and not jointly agrees to make Loans to Borrower (each such Loan, a
“Revolving Loan”) from time to time on any Business Day during the period from the Closing
Date through the Final Availability Date, in an aggregate principal amount not to exceed at any
time outstanding the amount set forth opposite such Lender’s name
in Schedule 1.1(a) under the heading “Revolving Loan Commitments” (such amount as the
same may be reduced or increased from time to time in accordance with this Agreement, being
referred to herein as such Lender’s “Revolving Loan Commitment”); provided,
however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal
amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance.
Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(a) may be
repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to
time will be the Aggregate Revolving Loan Commitment then in effect less, the aggregate
amount of Letter of Credit Obligations. If at any time the then outstanding principal balance of
Revolving Loans exceeds the Maximum Revolving Loan Balance, then Borrower shall immediately prepay
outstanding Revolving Loans in an amount sufficient to eliminate such excess.

(b) Letters of Credit. (i) Conditions. On the terms and subject to the
conditions contained herein, Borrower may request that one or more L/C Issuers Issue, in accordance
with such L/C Issuers’ usual and customary business practices, and for the account of Borrower,
Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period
from the Closing Date through the earlier of (x) the Final Availability Date and (y) seven (7) days
prior to the date specified in clause (a) of the definition of Revolving Termination Date;
provided, however, that no L/C Issuer shall Issue any Letter of Credit upon the occurrence
of any of the following or, if after giving effect to such Issuance:

(A) (i) Availability would be less than zero, or (ii) the Letter of Credit Obligations
for all Letters of Credit would exceed $2,500,000 (the “L/C Sublimit”);

(B) the expiration date of such Letter of Credit (i) is not a Business Day, (ii) is
more than one year after the date of issuance thereof or (iii) is later than seven (7) days
prior to the date specified in clause (a) of the definition of Revolving Termination Date;
provided, however, that any Letter of Credit with a term not exceeding one year may
provide for its renewal for additional periods not exceeding one year as long as (x) each of
Borrower and such L/C Issuer have the option to prevent such renewal before the expiration
of such term or any such period and (y) neither such L/C Issuer nor Borrower shall permit
any such renewal to extend such expiration date beyond the date set forth in clause (iii)
above; or

(C) (i) any fee due in connection with, and on or prior to, such Issuance has not been
paid, (ii) such Letter of Credit is requested to be issued in a form that is not acceptable
to such L/C Issuer or (iii) such L/C Issuer shall not have received, each in form and
substance reasonably acceptable to it and duly executed by Borrower, the documents that such
L/C Issuer generally uses in the Ordinary Course of Business for the Issuance of letters of
credit of the type of such Letter of Credit (collectively, the “L/C Reimbursement
Agreement”).

 

2

 

Furthermore, GE Capital as an L/C Issuer may elect only to issue Letters of Credit in its own name
and may only issue Letters of Credit to the extent permitted by Requirements of Law, and such
Letters of Credit may not be accepted by certain beneficiaries such as insurance companies. For
each Issuance, the applicable L/C Issuer may, but shall not be required to, determine that, or
take notice whether, the conditions precedent set forth in Section 2.2 have been satisfied or
waived in connection with the Issuance of any Letter of Credit; provided, however, that no
Letters of Credit shall be Issued during the period starting on the first Business Day after the
receipt by such L/C Issuer of notice from Agent or the Required Lenders that any condition
precedent contained in Section 2.2 is not satisfied and ending on the date all such conditions are
satisfied or duly waived.

Notwithstanding anything else to the contrary herein, if any Lender is a Non-Funding Lender or
Impacted Lender, no L/C Issuer shall be obligated to Issue any Letter of Credit unless (w) the
Non-Funding Lender or Impacted Lender has been replaced in accordance with Sections 9.9 or 9.22,
(x) the Letter of Credit Obligations of such Non-Funding Lender or Impacted Lender have been cash
collateralized, (y) the Revolving Loan Commitments of the other Lenders have been increased by an
amount sufficient to satisfy Agent that all future Letter of Credit Obligations will be covered by
all Revolving Lenders that are not Non-Funding Lenders or Impacted Lenders, or (z) the Letter of
Credit Obligations of such Non-Funding Lender or Impacted Lender have been reallocated to other
Revolving Lenders in a manner consistent with Section 1.11(e)(ii).

(ii) Notice of Issuance. Borrower shall give the relevant L/C Issuer and Agent
a notice of any requested Issuance of any Letter of Credit, which shall be effective only if
received by such L/C Issuer and Agent not later than 12:00 noon (New York time) on the third
Business Day prior to the date of such requested Issuance. Such notice shall be made in a
writing or Electronic Transmission substantially in the form of Exhibit 1.1(b) duly
completed or in a writing in any other form acceptable to such L/C Issuer (an “L/C
Request”).

(iii) Reporting Obligations of L/C Issuers. Each L/C Issuer agrees to provide
Agent, in form and substance satisfactory to Agent, each of the following on the following
dates: (A) (i) on or prior to any Issuance of any Letter of Credit by such L/C Issuer, (ii)
immediately after any drawing under any such Letter of Credit or (iii) immediately after any
payment (or failure to pay when due) by Borrower of any related L/C Reimbursement
Obligation, notice thereof, which shall contain a reasonably detailed description of such
Issuance, drawing or payment, and Agent shall provide copies of such notices to each
Revolving Lender reasonably promptly after receipt thereof; (B) upon the request of Agent
(or any Revolving Lender through Agent), copies of any Letter of Credit Issued by such L/C
Issuer and any related L/C Reimbursement Agreement and such other documents and information
as may reasonably be requested by Agent; and (C) on the first Business Day of each calendar
week, a schedule of the Letters of Credit Issued by such L/C Issuer, in form and substance
reasonably satisfactory to Agent, setting forth the Letter of Credit Obligations for such
Letters of Credit outstanding on the last Business Day of the previous calendar week.

(iv) Acquisition of Participations. Upon any Issuance of a Letter of Credit
in accordance with the terms of this Agreement resulting in any increase in the Letter of
Credit Obligations, each Revolving Lender shall be deemed to have acquired, without recourse
or warranty, an undivided interest and participation in such Letter of Credit and the
related Letter of Credit Obligations in an amount equal to its Commitment Percentage of such
Letter of Credit Obligations.

 

3

 

(v) Reimbursement Obligations of Borrower. Borrower agrees to pay to the L/C
Issuer of any Letter of Credit, or to Agent for the benefit of such L/C Issuer, each L/C
Reimbursement Obligation owing with respect to such Letter of Credit no later than the first
Business Day after Borrower receives notice from such L/C Issuer or from Agent that payment
has been made under such Letter of Credit or that such L/C Reimbursement Obligation is
otherwise due (the “L/C Reimbursement Date”) with interest thereon computed as set
forth in clause (A) below. In the event that any L/C Reimbursement Obligation is not repaid
by Borrower as provided in this clause (v) (or any such payment by Borrower is rescinded or
set aside for any reason), such L/C Issuer shall promptly notify Agent of such failure (and,
upon receipt of such notice, Agent shall notify each Revolving Lender) and, irrespective of
whether such notice is given, such L/C Reimbursement Obligation shall be payable on demand
by Borrower with interest thereon computed (A) from the date on which such L/C Reimbursement
Obligation arose to the L/C Reimbursement Date, at the interest rate applicable during such
period to Revolving Loans that are Base Rate Loans and (B) thereafter until payment in full,
at the interest rate specified in Section 1.3(c) to past due Revolving Loans that are Base
Rate Loans (regardless of whether or not an election is made under such subsection).

(vi) Reimbursement Obligations of the Revolving Credit Lenders.

(1) Upon receipt of the notice described in clause (v) above from Agent, each Revolving
Lender shall pay to Agent for the account of such L/C Issuer its Commitment Percentage of
such Letter of Credit Obligations (as such amount may be increased pursuant to Section
1.11(e)(ii)).

(2) By making any payment described in clause (1) above (other than during the
continuation of an Event of Default under Section 7.1(f) or 7.1(g)), such Lender shall be
deemed to have made a Revolving Loan to Borrower, which, upon receipt thereof by Agent for
the benefit of such L/C Issuer, Borrower shall be deemed to have used in whole to repay such
L/C Reimbursement Obligation. Any such payment that is not deemed a Revolving Loan shall be
deemed a funding by such Lender of its participation in the applicable Letter of Credit and
the Letter of Credit Obligation in respect of the related L/C Reimbursement Obligations.
Such participation shall not otherwise be required to be funded. Following receipt by any
L/C Issuer of any payment from any Lender pursuant to this clause (vi) with respect to any
portion of any L/C Reimbursement Obligation, such L/C Issuer shall promptly pay to the
Agent, for the benefit of such Lender, all amounts received by such L/C Issuer (or to the
extent such amounts shall have been received by the Agent for the benefit of such L/C
Issuer, the Agent shall promptly pay to such Lender all amounts received by the Agent for
the benefit of such L/C Issuer) with respect to such portion.

(vii) Obligations Absolute. The obligations of Borrower and the Revolving
Lenders pursuant to clauses (iv), (v) and (vi) above shall be absolute, unconditional and
irrevocable and performed strictly in accordance with the terms of this Agreement
irrespective of (A) (i) the invalidity or unenforceability of any term or provision in any
Letter of Credit, any document transferring or purporting to transfer a Letter of Credit,
any Loan Document (including the sufficiency of any such instrument),

 

4

 

or any modification to any provision of any of the foregoing, (ii) any document
presented under a Letter of Credit being forged, fraudulent, invalid, insufficient or
inaccurate in any respect or failing to comply with the terms of such Letter of Credit or
(iii) any loss or delay, including in the transmission of any document, (B) the existence of
any setoff, claim, abatement, recoupment, defense or other right that any Person (including
any Credit Party) may have against the beneficiary of any Letter of Credit or any other
Person, whether in connection with any Loan Document or any other Contractual Obligation or
transaction, or the existence of any other withholding, abatement or reduction, (C) in the
case of the obligations of any Revolving Lender, (i) the failure of any condition precedent
set forth in Section 2.2 to be satisfied (each of which conditions precedent the Revolving
Lenders hereby irrevocably waive) or (ii) any adverse change in the condition (financial or
otherwise) of any Credit Party and (D) any other act or omission to act or delay of any kind
of Agent, any Lender or any other Person or any other event or circumstance whatsoever,
whether or not similar to any of the foregoing, that might, but for the provisions of this
clause (vii), constitute a legal or equitable discharge of any obligation of Borrower or any
Revolving Lender hereunder. No provision hereof shall be deemed to waive or limit
Borrower’s right to seek repayment of any payment of any L/C Reimbursement Obligations from
the L/C Issuer under the terms of the applicable L/C Reimbursement Agreement or applicable
law.

1.2 Notes. The Revolving Loans made by each Revolving Lender shall be evidenced by
this Agreement and, if requested by such Lender, a Revolving Note payable to such Lender in an
amount equal to such Lender’s Revolving Loan Commitment.

1.3 Interest.

(a) Subject to Sections 1.3(c) and 1.3(d), each Loan shall bear interest on the outstanding
principal amount thereof from the date when made at a rate per annum equal to the LIBOR or the Base
Rate, as the case may be, plus the Applicable Margin. Each determination of an interest
rate by Agent shall be conclusive and binding on Borrower and the Lenders in the absence of
manifest error. All computations of fees and, with respect to LIBOR Rate Loans, interest payable
under this Agreement shall be made on the basis of a 360-day year and actual days elapsed and with
respect to Base Rate Loans, all computations of interest payable under this Agreement shall be made
on the basis of a 365/366-day year and actual days elapsed. Interest and fees shall accrue during
each period during which interest or such fees are computed from the first day thereof to the last
day thereof.

(b) Interest on each Loan shall be paid in arrears on each Interest Payment Date. Interest
shall also be paid on the Revolving Loans on the Revolving Termination Date.

(c) Immediately upon the occurrence and during the continuance of an Event of Default under
Section 7.1(f) and 7.1(g), or at the election of Agent or the Required Lenders upon the occurrence
and during the continuance of any other Event of Default, Borrower shall pay interest (after as
well as before entry of judgment thereon to the extent permitted by law) on the Loans from and
after the date of occurrence and during the continuance of such Event of Default, at a rate per
annum which is determined by adding two percent (2.0%) per annum to the
Applicable Margin then in effect for such Loans (plus the LIBOR or Base Rate, as the case may
be). All such interest shall be payable on demand of Agent or the Required Lenders.

 

5

 

(d) Anything herein to the contrary notwithstanding, the obligations of Borrower hereunder
shall be subject to the limitation that payments of interest shall not be required, for any period
for which interest is computed hereunder, to the extent (but only to the extent) that contracting
for or receiving such payment by the respective Lender would be contrary to the provisions of any
law applicable to such Lender limiting the highest rate of interest which may be lawfully
contracted for, charged or received by such Lender, and in such event Borrower shall pay such
Lender interest at the highest rate permitted by applicable law (“Maximum Lawful Rate”);
provided, however, that if at any time thereafter the rate of interest payable hereunder is
less than the Maximum Lawful Rate, Borrower shall continue to pay interest hereunder at the Maximum
Lawful Rate until such time as the total interest received by Agent, on behalf of Lenders, is equal
to the total interest that would have been received had the interest payable hereunder been (but
for the operation of this paragraph) the interest rate payable since the Closing Date as otherwise
provided in this Agreement.

1.4 Loan Accounts.

(a) Agent, on behalf of the Lenders, shall record on its books and records the amount of each
Loan made, the interest rate applicable, all payments of principal and interest thereon and the
principal balance thereof from time to time outstanding. Agent shall deliver to Borrower on a
monthly basis a loan statement setting forth such record for the immediately preceding calendar
month. Such record shall, absent manifest error, be conclusive evidence of the amount of the Loans
made by the Lenders to Borrower and the interest and payments thereon. Any failure to so record or
any error in doing so, or any failure to deliver such loan statement shall not, however, limit or
otherwise affect the obligation of Borrower hereunder (and under any Note) to pay any amount owing
with respect to the Loans or provide the basis for any claim against Agent.

(b) Agent, acting as a non-fiduciary agent of Borrower solely for tax purposes and solely with
respect to the actions described in this Section 1.4(b), shall establish and maintain at its
address referred to in Section 9.2 (or at such other address as Agent may notify Borrower) (A) a
record of ownership (the “Register”) in which Agent agrees to register by book entry the
interests (including any rights to receive payment hereunder) of Agent, each Lender and each L/C
Issuer in the Revolving Loans, L/C Reimbursement Obligations and Letter of Credit Obligations, each
of their obligations under this Agreement to participate in each Loan, Letter of Credit, Letter of
Credit Obligations and L/C Reimbursement Obligations, and any assignment of any such interest,
obligation or right and (B) accounts in the Register in accordance with its usual practice in which
it shall record (1) the names and addresses of the Lenders and the L/C Issuers (and each change
thereto pursuant to Sections 9.9 and 9.22), (2) the Commitments of each Lender, (3) the amount of
each Loan and each funding of any participation described in clause (A) above, and for LIBOR Rate
Loans, the Interest Period applicable thereto, (4) the amount of any principal or interest due and
payable or paid, (5) the amount of the L/C Reimbursement Obligations due and payable or paid in
respect of Letters of Credit and (6) any other payment received by Agent from Borrower and its
application to the Obligations.

 

6

 

(c) Notwithstanding anything to the contrary contained in this Agreement, the Loans (including
any Notes evidencing such Loans and, in the case of Revolving Loans, the corresponding obligations
to participate in Letter of Credit Obligations) and the L/C Reimbursement Obligations are
registered obligations, the right, title and interest of the Lenders and the L/C Issuers and their
assignees in and to such Loans or L/C Reimbursement Obligations, as the case may be, shall be
transferable in accordance with the terms herein and only upon notation of such transfer in the
Register and no assignment thereof shall be effective until recorded therein. This Section 1.4 and
Section 9.9 shall be construed so that the Loans and L/C Reimbursement Obligations are at all times
maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of
the Code.

(d) The Credit Parties, Agent, the Lenders and the L/C Issuers shall treat each Person whose
name is recorded in the Register as a Lender or L/C Issuer, as applicable, for all purposes of this
Agreement. Information contained in the Register with respect to any Lender or any L/C Issuer
shall be available for access by Borrower, Agent, such Lender or such L/C Issuer during normal
business hours and from time to time upon at least one Business Day’s prior notice. No Lender or
L/C Issuer shall, in such capacity, have access to or be otherwise permitted to review any
information in the Register other than information with respect to such Lender or L/C Issuer unless
otherwise agreed by the Agent.

1.5 Procedure for Revolving Credit Borrowing.

(a) Each Borrowing of a Revolving Loan shall be made upon Borrower’s irrevocable (subject to
Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing
or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior
to 12:00 noon (New York time) (i) on the date which is one (1) Business Day prior to the requested
Borrowing date of each Base Rate Loan, and (ii) on the day which is three (3) Business Days prior
to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing
shall specify:

(i) the amount of the Borrowing (which shall be in an aggregate minimum principal
amount of $100,000);

(ii) the requested Borrowing date, which shall be a Business Day;

(iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans;
and

(iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such
Loans.

(b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of
such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing.

(c) Unless Agent is otherwise directed in writing by Borrower, the proceeds of each requested
Borrowing after the Closing Date will be made available to Borrower by Agent
by wire transfer of such amount to Borrower pursuant to the wire transfer instructions
specified on the signature page hereto.

 

7

 

1.6 Conversion and Continuation Elections.

(a) Borrower shall have the option to (i) request that any Revolving Loan be made as a LIBOR
Rate Loan, (ii) convert at any time all or any part of outstanding Loans from Base Rate Loans to
LIBOR Rate Loans, (iii) convert any LIBOR Rate Loan to a Base Rate Loan, subject to Section 10.4 if
such conversion is made prior to the expiration of the Interest Period applicable thereto, or (iv)
continue all or any portion of any Loan as a LIBOR Rate Loan upon the expiration of the applicable
Interest Period. Any Loan or group of Loans having the same proposed Interest Period to be made or
continued as, or converted into, a LIBOR Rate Loan must be in a minimum amount of $1,000,000 and
integral multiples of $100,000 in excess of such amount. Any such election must be made by
Borrower by 12:00 noon (New York time) on the 3rd Business Day prior to (1) the date of
any proposed Revolving Loan which is to bear interest at LIBOR, (2) the end of each Interest Period
with respect to any LIBOR Rate Loans to be continued as such, or (3) the date on which Borrower
wishes to convert any Base Rate Loan to a LIBOR Rate Loan for an Interest Period designated by
Borrower in such election. If no election is received with respect to a LIBOR Rate Loan by 12:00
noon (New York time) on the 3rd Business Day prior to the end of the Interest Period
with respect thereto, that LIBOR Rate Loan shall be converted to a LIBOR Rate Loan with an Interest
Period of one month. Borrower must make such election by notice to Agent in writing, including by
Electronic Transmission. In the case of any conversion or continuation, such election must be made
pursuant to a written notice (a “Notice of Conversion/Continuation”) substantially in the
form of Exhibit 1.6 or in a writing in any other form acceptable to Agent. No Loan shall be made,
converted into or continued as a LIBOR Rate Loan, if an Event of Default has occurred and is
continuing and Agent or Required Lenders have determined not to make or continue any Loan as a
LIBOR Rate Loan as a result thereof.

(b) Upon receipt of a Notice of Conversion/Continuation, Agent will promptly notify each
Lender thereof. In addition, Agent will, with reasonable promptness, notify Borrower and the
Lenders of each determination of LIBOR; provided that any failure to do so shall not
relieve Borrower of any liability hereunder or provide the basis for any claim against Agent. All
conversions and continuations shall be made pro rata according to the respective outstanding
principal amounts of the Loans held by each Lender with respect to which the notice was given.

(c) Notwithstanding any other provision contained in this Agreement, after giving effect to
any Borrowing, or to any continuation or conversion of any Loans, there shall not be more than five
(5) different Interest Periods in effect.

1.7 Optional Prepayments; Commitment Reduction and Termination.

(a) Borrower may, at any time, prepay the Loans (without a reduction or termination of the
Aggregate Revolving Loan Commitment) in whole or in part without penalty or premium except as
provided in Section 10.4.

 

8

 

(b) Borrower shall have the right from time to time to permanently reduce in part or terminate
the Aggregate Revolving Loan Commitment, upon payment of the amounts required pursuant to Sections
1.9(d) and 10.4, upon at least three (3) Business Days’ prior written notice delivered to Agent;
provided, that any such reduction shall be in the minimum amount of $5,000,000 and provided
that no such reduction reduces the Aggregate Revolving Loan Commitment to an amount that is less
than the then outstanding Revolving Loans, unless concurrent with such reduction the outstanding
principal balance of the Revolving Loan (including the outstanding amounts of Letters of Credit) is
concurrently reduced such that the outstanding principal balance of the Revolving Loans (including
the outstanding amount of Letters of Credit) is not greater than the Aggregate Revolving Loan
Commitment as so reduced. Upon any such reduction, the Revolving Loan Commitment of each Lender
shall automatically and permanently be reduced by an amount equal to such Lender’s ratable share of
such reduction. A notice of termination in respect of the Aggregate Revolving Loan Commitment
delivered by Borrower may state that such notice is conditioned upon the effectiveness of other
credit facilities, in which case such notice may be revoked by Borrower (by notice to Agent on or
prior to the specified effective date) if such condition is not satisfied and so long as Borrower
shall have paid any amounts required to be paid to any Lender pursuant to Section 10.4 in
connection with such notice of prepayment.

1.8 Repayment of Loans.

(a) Revolving Loan. Borrower shall repay to the Lenders in full on the Revolving
Termination Date the aggregate principal amount of the Revolving Loans and all other Obligations
outstanding on the Revolving Termination Date.

(b) Application of Prepayments. Subject to Section 1.10(c), any prepayments (other
than prepayments under Section 1.7(c)) shall be applied to prepay outstanding Revolving Loans
(without a permanent reduction of the Revolving Loan Commitment). To the extent permitted by the
foregoing, amounts prepaid shall be applied first to any Base Rate Loans then outstanding and then
to outstanding LIBOR Rate Loans with the shortest Interest Periods remaining. Together with each
prepayment or repayment under Sections 1.7 and 1.8, Borrower shall pay any amounts required
pursuant to Section 10.4 hereof.

1.9 Fees.

(a) Fees. Borrower shall pay to Agent, for Agent’s own account, fees in the amounts
and at the times set forth in a letter agreement between Borrower and Agent dated of even date
herewith (as amended from time to time, the “Fee Letter”).

(b) Unused Commitment Fee. Borrower shall pay to Agent a fee (the “Unused
Commitment Fee”) for the account of each Revolving Lender in an amount equal to

(i) the average daily balance of the Revolving Loan Commitment of such Revolving Lender
during the preceding calendar month, less

(ii) the sum of the average daily balance of all Revolving Loans held by such Revolving
Lender plus (y) the average daily amount of Letter of Credit
Obligations held by such Revolving Lender, in each case, during the preceding calendar
month,

 

9

 

(iii) multiplied by one-half of one percent (0.50%) per annum.

The total Unused Commitment Fee paid by Borrower will be equal to the sum of all of the Unused
Commitment Fees due to the Lenders, subject to Section 1.11(e)(vi). Such fee shall be payable
quarterly in arrears on the first day of the Fiscal Quarter following the date hereof and the first
day of each Fiscal Quarter thereafter. The Unused Commitment Fee provided in this Section 1.9(b)
shall accrue at all times from and after the Closing Date.

(c) Letter of Credit Fee. Borrower agrees to pay to Agent for the ratable benefit of
the Revolving Lenders, as compensation to such Lenders for Letter of Credit Obligations incurred
hereunder, (i) without duplication of costs and expenses otherwise payable to Agent or Lenders
hereunder or fees otherwise paid by Borrower, all reasonable costs and expenses incurred by Agent
or any Lender on account of such Letter of Credit Obligations, and (ii) for each Fiscal Quarter
during which any Letter of Credit Obligation shall remain outstanding, a fee (the “Letter of
Credit Fee”) in an amount equal to the product of the average daily undrawn face amount of all
Letters of Credit issued, guaranteed or supported by risk participation agreements multiplied by a
per annum rate equal to the Applicable Margin with respect to Revolving Loans which are LIBOR Rate
Loans; provided, however, at Agent’s or Required Lenders’ option, while an Event of Default
exists (or automatically while an Event of Default under Section 7.1(f) or 7.1(g) exists), such
rate shall be increased by two percent (2.00%) per annum. Such fee shall be paid to Agent for the
benefit of the Revolving Lenders in arrears, on the first day of each Fiscal Quarter and on the
date on which all L/C Reimbursement Obligations have been discharged. In addition, Borrower shall
pay to Agent, any L/C Issuer or any prospective L/C Issuer, as appropriate, on demand, such L/C
Issuer’s or prospective L/C Issuer’s customary fees at then prevailing rates, without duplication
of fees otherwise payable hereunder (including all per annum fees), charges and expenses of such
L/C Issuer or prospective L/C Issuer in respect of the application for, and the issuance,
negotiation, acceptance, amendment, transfer and payment of, each Letter of Credit or otherwise
payable pursuant to the application and related documentation under which such Letter of Credit is
issued.

(d) Prepayment Fee. If (i) Borrower prepays the Revolving Loan and in connection
therewith reduces or terminates the Aggregate Revolving Loan Commitment, whether voluntarily or
involuntarily and whether before or after acceleration of the Obligations, (ii) any of the
Revolving Loan Commitments are otherwise terminated, then Borrower shall pay to Agent, for the pro
rata benefit of the applicable Lenders, as liquidated damages and compensation for the costs of
being prepared to make funds available hereunder an amount equal to the Applicable Percentage
multiplied by the amount of the reduction of the Aggregate Revolving Loan Commitment. As used
herein, the term “Applicable Percentage” shall mean (x) two percent (2.0%), in the case of
a prepayment or termination on or prior to the first anniversary of the Closing Date, (y) zero
percent (0%), in the case of a prepayment or termination after the first anniversary of the Closing
Date. The Credit Parties agree that the Applicable Percentages are a reasonable calculation of
Lenders’ lost profits in view of the difficulties and impracticality of determining actual damages
resulting from a prepayment and/or an early repayment of the Loans or early termination of the
Commitments.

 

10

 

1.10 Payments by Borrower.

(a) All payments (including prepayments) to be made by each Credit Party on account of
principal, interest, fees and other amounts required hereunder shall be made without set off,
recoupment, counterclaim or deduction of any kind, shall, except as otherwise expressly provided
herein, be made to Agent (for the ratable account of the Persons entitled thereto) at the address
for payment specified in the signature page hereof in relation to Agent (or such other address as
Agent may from time to time specify in accordance with Section 9.2), including payments utilizing
the ACH system, and shall be made in Dollars and by wire transfer or ACH transfer in immediately
available funds (which shall be the exclusive means of payment hereunder), no later than 1:00 p.m.
(New York time) on the date due. Any payment which is received by Agent later than 1:00 p.m. (New
York time) may in Agent’s discretion be deemed to have been received on the immediately succeeding
Business Day and any applicable interest or fee shall continue to accrue. Borrower and each other
Credit Party hereby irrevocably waives the right to direct the application during the continuance
of an Event of Default of any and all payments in respect of any Obligation and any proceeds of
Collateral. Borrower hereby authorizes Agent and each Lender to make a Revolving Loan (which shall
be a Base Rate Loan) to pay (i) interest, principal, L/C Reimbursement Obligations, agent fees,
Unused Commitment Fees and Letter of Credit Fees, in each instance, on the date due, or (ii) after
five (5) days’ prior notice to Borrower, other fees, costs or expenses payable by Borrower or any
of its Subsidiaries hereunder or under the other Loan Documents.

(b) Subject to the provisions set forth in the definition of “Interest Period” herein, if any
payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall
be made on the next succeeding Business Day, and such extension of time shall in such case be
included in the computation of interest or fees, as the case may be.

(c) During the continuance of an Event of Default, Agent may, and shall upon the direction of
Required Lenders apply any and all payments received by Agent in respect of any Obligation in
accordance with clauses first through sixth below. Notwithstanding any provision herein to the
contrary, all payments made by Credit Parties to Agent after any or all of the Obligations have
been accelerated (so long as such acceleration has not been rescinded), including proceeds of
Collateral, shall be applied as follows:

first, to payment of costs and expenses, including Attorney Costs, of Agent
payable or reimbursable by the Credit Parties under the Loan Documents;

second, to payment of Attorney Costs of Lenders payable or reimbursable by
Borrower under this Agreement;

third, to payment of all accrued unpaid interest on the Obligations and fees
owed to Agent, Lenders and L/C Issuers;

fourth, to payment of principal of the Obligations including, without
limitation, L/C Reimbursement Obligations then due and payable, any Obligations under any
Secured Rate Contract and cash collateralization of unmatured L/C Reimbursement Obligations
to the extent not then due and payable;

 

11

 

fifth, to payment of any other amounts owing constituting Obligations; and

sixth, any remainder shall be for the account of and paid to whoever may be
lawfully entitled thereto.

In carrying out the foregoing, (i) amounts received shall be applied in the numerical order
provided until exhausted prior to the application to the next succeeding category and (ii) each of
the Lenders or other Persons entitled to payment shall receive an amount equal to its pro rata
share of amounts available to be applied pursuant to clauses third, fourth and fifth above.

1.11 Payments by the Lenders to Agent; Settlement.

(a) Agent may, on behalf of Lenders, disburse funds to Borrower for Loans requested. Each
Lender shall reimburse Agent on demand for all funds disbursed on its behalf by Agent, or if Agent
so requests, each Lender will remit to Agent its Commitment Percentage of any Loan before Agent
disburses same to Borrower. If Agent elects to require that each Lender make funds available to
Agent prior to disbursement by Agent to Borrower, Agent shall advise each Lender by telephone or
fax of the amount of such Lender’s Commitment Percentage of the Loan requested by Borrower no later
than the Business Day prior to the scheduled Borrowing date applicable thereto, and each such
Lender shall pay Agent such Lender’s Commitment Percentage of such requested Loan, in same day
funds, by wire transfer to Agent’s account, as set forth on Agent’s signature page hereto, no later
than 12:00 noon (New York time) on such scheduled Borrowing date. If any Lender fails to pay its
Commitment Percentage within one (1) Business Day after Agent’s demand, Agent shall promptly notify
Borrower and Borrower shall immediately repay such amount to Agent. Any repayment required
pursuant to this Section 1.11(a) shall be without premium or penalty. Nothing in this Section
1.11(a) or elsewhere in this Agreement or the other Loan Documents, including the remaining
provisions of Section 1.11, shall be deemed to require Agent to advance funds on behalf of any
Lender or to relieve any Lender from its obligation to fulfill its Commitments hereunder or to
prejudice any rights that Agent any Lender or Borrower may have against any Lender as a result of
any default by such Lender hereunder.

(b) [Reserved]

(c) Availability of Lender’s Commitment Percentage. Agent may assume that each
Revolving Lender will make its Commitment Percentage of each Revolving Loan available to Agent on
each Borrowing date. If such Commitment Percentage is not, in fact, paid to Agent by such
Revolving Lender when due, Agent will be entitled to recover such amount on demand from such
Revolving Lender without setoff, counterclaim or deduction of any kind. If any Revolving Lender
fails to pay the amount of its Commitment Percentage forthwith upon Agent’s demand, Agent shall
promptly notify Borrower and Borrower shall immediately repay such amount to Agent. Nothing in
this Section 1.11(c) or elsewhere in this Agreement or the other Loan Documents shall be deemed to
require Agent to advance funds on behalf of any Revolving Lender or to relieve any Revolving Lender
from its obligation to fulfill its Commitments hereunder or to prejudice any rights that Borrower
may have against any Revolving Lender as a result of any default by such Revolving Lender
hereunder. Without limiting the provisions of Section 1.11(b), to the extent that Agent advances
funds to Borrower on behalf of any Revolving
Lender and is not reimbursed therefor on the same Business Day as such advance is made, Agent
shall be entitled to retain for its account all interest accrued on such advance from the date such
advance was made until reimbursed by the applicable Revolving Lender.

 

12

 

(d) Return of Payments.

(i) If Agent pays an amount to a Lender under this Agreement in the belief or
expectation that a related payment has been or will be received by Agent from Borrower and
such related payment is not received by Agent, then Agent will be entitled to recover such
amount from such Lender on demand without setoff, counterclaim or deduction of any kind.

(ii) If Agent determines at any time that any amount received by Agent under this
Agreement or any other Loan Document must be returned to any Credit Party or paid to any
other Person pursuant to any insolvency law or otherwise, then, notwithstanding any other
term or condition of this Agreement or any other Loan Document, Agent will not be required
to distribute any portion thereof to any Lender. In addition, each Lender will repay to
Agent on demand any portion of such amount that Agent has distributed to such Lender,
together with interest at such rate, if any, as Agent is required to pay to Borrower or such
other Person, without setoff, counterclaim or deduction of any kind, and Agent will be
entitled to set-off against future distributions to such Lender any such amounts (with
interest) that are not repaid on demand.

(e) Non-Funding Lenders.

(i) Responsibility. The failure of any Non-Funding Lender to make any
Revolving Loan, to fund any purchase of any participation to be made or funded by it, or to
make any payment required by it hereunder on the date specified therefor shall not relieve
any other Lender of its obligations to make such loan, fund the purchase of any such
participation, or make any other payment required hereunder on such date, and neither Agent
nor, other than as expressly set forth herein, any other Lender shall be responsible for the
failure of any Non-Funding Lender to make a loan, fund the purchase of a participation or
make any other payment required hereunder.

(ii) Reallocation. If any Revolving Lender is a Non-Funding Lender, all or a
portion of such Non-Funding Lender’s Letter of Credit Obligations (unless such Lender is the
L/C Issuer that issued such Letter of Credit), at Agent’s election at any time or upon any
L/C Issuer’s written request delivered to Agent (whether before or after the occurrence of
any Default or Event of Default), be reallocated to and assumed by the Revolving Lenders
that are not Non-Funding Lenders or Impacted Lenders pro rata in accordance with their
Commitment Percentages of the Aggregate Revolving Loan Commitment (calculated as if the
Non-Funding Lender’s Commitment Percentage was reduced to zero and each other Revolving
Lender’s (other than an Impacted Lender’s) Commitment Percentage had been increased
proportionately), provided that no Revolving Lender shall be reallocated any such amounts or
be required to fund any amounts that would cause the sum of its outstanding Revolving Loans,
and outstanding Letter of Credit Obligations to exceed its Revolving Loan Commitment.

 

13

 

(iii) Voting Rights. Notwithstanding anything set forth herein to the
contrary, including Section 9.1, a Non-Funding Lender shall not have any voting or consent
rights under or with respect to any Loan Document or constitute a “Lender” or a “Revolving
Lender” (or be, or have its Loans and Commitments, included in the determination of
“Required Lenders” or “Lenders directly affected” pursuant to Section 9.1) for any voting or
consent rights under or with respect to any Loan Document, provided that (A) the Commitment
of a Non-Funding Lender may not be increased, extended or reinstated, (B) the principal of a
Non-Funding Lender’s Loans may not be reduced or forgiven, and (C) the interest rate
applicable to Obligations owing to a Non-Funding Lender may not be reduced, in each case,
without the consent of such Non-Funding Lender. Moreover, for the purposes of determining
Required Lenders, the Loans, Letter of Credit Obligations, and Commitments held by
Non-Funding Lenders shall be excluded from the total Loans and Commitments outstanding.

(iv) Borrower Payments to a Non-Funding Lender. Agent shall be authorized to
use all portions of any payments received by Agent for the benefit of any Non-Funding Lender
pursuant to this Agreement to pay in full the Aggregate Excess Funding Amount to the
appropriate Secured Parties thereof. Agent shall be entitled to hold as cash collateral in
a non-interest bearing account up to an amount equal to such Non-Funding Lender’s pro rata
share, without giving effect to any reallocation pursuant to Section 1.11(e)(ii), of all
Letter of Credit Obligations until the Obligations are paid in full in cash, all Letter of
Credit Obligations have been discharged or cash collateralized and all Commitments have been
terminated. Upon any such unfunded obligations owing by a Non-Funding Lender becoming due
and payable, Agent shall be authorized to use such cash collateral to make such payment on
behalf of such Non-Funding Lender. With respect to such Non-Funding Lender’s failure to
fund Revolving Loans or purchase participations in Letters of Credit or Letter of Credit
Obligations, any amounts applied by Agent to satisfy such funding shortfalls shall be deemed
to constitute a Revolving Loan or amount of the participation required to be funded and, if
necessary to effectuate the foregoing, the other Revolving Lenders shall be deemed to have
sold, and such Non-Funding Lender shall be deemed to have purchased, Revolving Loans or
Letter of Credit participation interests from the other Revolving Lenders until such time as
the aggregate amount of the Revolving Loans and participations in Letters of Credit and
Letter of Credit Obligations are held by the Revolving Lenders in accordance with their
Commitment Percentages of the Aggregate Revolving Loan Commitment. Any amounts owing by a
Non-Funding Lender to Agent which are not paid when due shall accrue interest at the
interest rate applicable during such period to Revolving Loans that are Base Rate Loans. In
the event that Agent is holding cash collateral of a Non-Funding Lender that cures pursuant
to clause (v) below or ceases to be a Non-Funding Lender pursuant to the definition of
Non-Funding Lender, Agent shall return the unused portion of such cash collateral to such
Lender. The “Aggregate Excess Funding Amount” of a Non-Funding Lender shall be the
aggregate amount of (A) all unpaid obligations owing by such Lender to the Agent, L/C
Issuers, and other Lenders under the Loan Documents, including such Lender’s pro rata share
of all Revolving Loans and Letter of Credit Obligations, plus, without duplication, (B) all
amounts of such Non-Funding Lender reallocated to other Lenders pursuant to Section
1.11(e)(ii).

 

14

 

(v) Cure. A Lender may cure its status as a Non-Funding Lender under clause
(a) of the definition of Non-Funding Lender if such Lender fully pays to Agent, on behalf of
the applicable Secured Parties, the Aggregate Excess Funding Amount, plus all interest due
thereon. Any such cure shall not relieve any Lender from liability for breaching its
contractual obligations hereunder.

(vi) Fees. A Lender that is a Non-Funding Lender pursuant to clause (a) of the
definition of Non-Funding Lender shall not earn and shall not be entitled to receive, and
Borrower shall not be required to pay, such Lender’s portion of the Unused Commitment Fee
during the time such Lender is a Non-Funding Lender pursuant to clause (a) thereof. In the
event that any reallocation of Letter of Credit Obligations occurs pursuant to Section
1.11(e)(ii), during the period of time that such reallocation remains in effect, the Letter
of Credit Fee payable with respect to such reallocated portion shall be payable to (A) all
Revolving Lenders based on their pro rata share of such reallocation or (B) to the L/C
Issuer for any remaining portion not reallocated to any other Revolving Lenders.

(f) Procedures. Agent is hereby authorized by each Credit Party and each other
Secured Party to establish procedures (and to amend such procedures from time to time) to
facilitate administration and servicing of the Loans and other matters incidental thereto. Without
limiting the generality of the foregoing, Agent is hereby authorized to establish procedures to
make available or deliver, or to accept, notices, documents and similar items on, by posting to or
submitting and/or completion, on E-Systems.

ARTICLE II -

CONDITIONS PRECEDENT

2.1 Conditions of Initial Loans. The obligation of each Lender to make its initial
Loans and of each L/C Issuer to Issue, or cause to be Issued, the initial Letters of Credit
hereunder is subject to satisfaction of the following conditions in a manner satisfactory to Agent:

(a) Loan Documents. Agent shall have received on or before the Closing Date all of
the agreements, documents, instruments and other items set forth on the closing checklist attached
hereto as Exhibit 2.1, each in form and substance reasonably satisfactory to Agent;

(b) Related Transactions. The Related Transactions shall have been consummated in the
manner contemplated by the Related Agreements and shall otherwise be in form and substance
reasonably satisfactory to Agent;

(c) Repayment of Prior Lender Obligations. Agent shall have received evidence
reasonably satisfactory to Agent confirming that all obligations owing by any Credit Party to Prior
Lender have been repaid in full and all Liens upon any of the Property of the Credit Parties or any
of their Subsidiaries in favor of Prior Lender shall have been terminated by Prior Lender
(including copies of UCC termination statements to be filed with the appropriate Governmental
Authorities).

 

15

 

2.2 Conditions to All Borrowings. Except as otherwise expressly provided herein, no
Lender or L/C Issuer shall be obligated to fund any Loan or incur any Letter of Credit Obligation,
if, as of the date thereof:

(a) any representation or warranty by any Credit Party contained herein or in any other Loan
Document is untrue or incorrect in any material respect (without duplication of any materiality
qualifier contained therein) as of such date, except to the extent that such representation or
warranty expressly relates to an earlier date (in which event such representations and warranties
were untrue or incorrect in any material respect (without duplication of any materiality qualifier
contained therein) as of such earlier date), and Agent or Required Lenders have determined not to
make such Loan or incur such Letter of Credit Obligation as a result of the fact that such warranty
or representation is untrue or incorrect;

(b) any Default or Event of Default has occurred and is continuing or would reasonably be
expected to result after giving effect to any Loan (or the incurrence of any Letter of Credit
Obligation), and Agent or Required Lenders shall have determined not to make any Loan or incur any
Letter of Credit Obligation as a result of that Default or Event of Default;

(c) after giving effect to any Loan (or the incurrence of any Letter of Credit Obligations),
the aggregate outstanding amount of the Revolving Loans would exceed the Maximum Revolving Loan
Balance;

The request by Borrower and acceptance by Borrower of the proceeds of any Loan or the incurrence of
any Letter of Credit Obligations shall be deemed to constitute, as of the date thereof, (i) a
representation and warranty by Borrower that the conditions in this Section 2.2 have been satisfied
and (ii) a reaffirmation by each Credit Party of the granting and continuance of Agent’s Liens, on
behalf of itself and the Secured Parties, pursuant to the Collateral Documents.

ARTICLE III -

REPRESENTATIONS AND WARRANTIES

The Credit Parties, jointly and severally, represent and warrant to Agent and each Lender that
the following are, and after giving effect to the Related Transactions will be, true, correct and
complete:

3.1 Corporate Existence and Power. Each Credit Party and each of their respective
Subsidiaries:

(a) is a corporation, limited liability company or limited partnership, as applicable, duly
organized, validly existing and in good standing under the laws of the jurisdiction of its
incorporation, organization or formation, as applicable;

(b) has the power and authority and all governmental licenses, authorizations, Permits,
consents and approvals to own its assets, carry on its business and execute, deliver, and perform
its obligations under, the Loan Documents and the Related Agreements to which it is a party;

 

16

 

(c) is duly qualified as a foreign corporation, limited liability company or limited
partnership, as applicable, and licensed and in good standing, under the laws of each jurisdiction
where its ownership, lease or operation of Property or the conduct of its business requires such
qualification or license; and

(d) is in compliance with all Requirements of Law;

except, in each case referred to in clause (c) or clause (d), to the extent that the failure to do
so would not reasonably be expected to have, either individually or in the aggregate, a Material
Adverse Effect.

3.2 Corporate Authorization; No Contravention. The execution, delivery and
performance by each of the Credit Parties of this Agreement and by each Credit Party and each of
their respective Subsidiaries of any other Loan Document and Related Agreement to which such Person
is party, have been duly authorized by all necessary action, and do not and will not:

(a) contravene the terms of any of that Person’s Organization Documents;

(b) conflict with or result in any material breach or contravention of, or result in the
creation of any Lien under, any document evidencing any material Contractual Obligation to which
such Person is a party or any order, injunction, writ or decree of any Governmental Authority to
which such Person or its Property is subject; or

(c) violate any material Requirement of Law in any material respect.

3.3 Governmental Authorization. No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority is necessary or required
in connection with the execution, delivery or performance by, or enforcement against, any Credit
Party or any Subsidiary of any Credit Party of this Agreement, any other Loan Document or Related
Agreement except (a) for recordings and filings in connection with the Liens granted to Agent under
the Collateral Documents, (b) those obtained or made on or prior to the Closing Date and (c) in the
case of any Related Agreement, those which, if not obtained or made, would not reasonably be
expected to have, either individually or in the aggregate, a Material Adverse Effect.

3.4 Binding Effect. This Agreement and each other Loan Document and Related Agreement
to which any Credit Party or any Subsidiary of any Credit Party is a party constitute the legal,
valid and binding obligations of each such Person which is a party thereto, enforceable against
such Person in accordance with their respective terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights
generally or by equitable principles relating to enforceability.

 

17

 

3.5 Litigation. Except as specifically disclosed in Schedule 3.5, there are
no actions, suits, proceedings, claims or disputes pending, or to the best knowledge of each Credit
Party, threatened or contemplated, at law, in equity, in arbitration or before any Governmental
Authority, against any Credit Party, any Subsidiary of any Credit Party or any of their respective
Properties which:

(a) purport to affect or pertain to this Agreement, any other Loan Document or Related
Agreement, or any of the transactions contemplated hereby or thereby; or

(b) would reasonably be expected to result in a Material Adverse Effect, individually or in
the aggregate.

No injunction, writ, temporary restraining order or any order of any nature has been issued by any
court or other Governmental Authority purporting to enjoin or restrain the execution, delivery or
performance of this Agreement, any other Loan Document or any Related Agreement, or directing that
the transactions provided for herein or therein not be consummated as herein or therein provided.
As of the Closing Date, no Credit Party or any Subsidiary of any Credit Party is the subject of an
audit or, to each Credit Party’s knowledge, any review or investigation by any Governmental
Authority (excluding the IRS and other taxing authorities) concerning the violation or possible
violation of any Requirement of Law.

3.6 No Default. No Default or Event of Default exists or would result from the
incurring of any Obligations by any Credit Party or the grant or perfection of Agent’s Liens on the
Collateral or the consummation of the Related Transactions. No Credit Party and no Subsidiary of
any Credit Party is in default under or with respect to any Contractual Obligation in any respect
which, individually or together with all such defaults, would reasonably be expected to have a
Material Adverse Effect.

3.7 ERISA Compliance. Schedule 3.7 sets forth, as of the Closing Date, a
complete and correct list of all material Benefit Plans. As of the Closing Date, there are no
Title IV Plans or Multiemployer Plans. Each Benefit Plan, and each trust thereunder, intended to
qualify for tax exempt status under Section 401(a) or 501(a) of the Code so qualifies. Except for
those that would not, in the aggregate, reasonably be expected to have a Material Adverse Effect,
(x) each Benefit Plan is in compliance with applicable provisions of ERISA, the Code and other
applicable Requirements of Law, (y) there are no existing or pending (or to the knowledge of any
Credit Party, threatened) claims (other than routine claims for benefits in the Ordinary Course of
Business), sanctions, actions, lawsuits or other proceedings or investigation involving any Benefit
Plan to which any Credit Party incurs or otherwise has any Liability, whether fixed or contingent,
and (z) no ERISA Event is reasonably expected to occur. On the Closing Date, no ERISA Event has
occurred in connection with which obligations and liabilities (contingent or otherwise) remain
outstanding.

3.8 Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be
and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are
intended to be and shall be used in compliance with Section 5.8. No Credit Party and no Subsidiary
of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending
credit for the purpose of purchasing or carrying Margin Stock. Proceeds of the Loans shall not be
used for the purpose of purchasing or carrying Margin Stock. As of the Closing Date, no Credit
Party and no Subsidiary of any Credit Party owns any Margin Stock.

 

18

 

3.9 Title to Properties. (a) Schedule 3.9 sets forth a true and complete list
of (x) each parcel of real property owned by any Credit Party and each of their Subsidiaries
(together with all plants, buildings, structures, installations, fixtures, fittings, improvements,
betterments and additions situated thereon, all privileges and appurtenances thereto and all
easements and rights-of-way used or useful in connection therewith, the “Owned Real
Estate”), showing the record title holder, legal address, and a permanent index number with
respect to each such parcel of Owned Real Estate, (y) each parcel of Leased Real Estate used by the
Credit Parties and their Subsidiaries, together with a list of all Real Estate Leases, and (z) any
other parcel of real property at which any Collateral is located. With respect to each parcel of
Real Estate, except as noted on Schedule 3.9: (i) a Credit Party has good, valid and
marketable title in fee simple to, or valid leasehold interests in, such parcel of Real Estate,
free and clear of all Liens other than Permitted Liens; (ii) the applicable Credit Party has not
assigned, transferred, conveyed, mortgaged, leased, subleased, licensed, deeded in trust or
encumbered any interest in such parcel of Real Estate; and (iii) there are no other parties other
than the Credit Parties or one or more of their respective Subsidiaries occupying the Real Estate.
With respect to each Real Estate Lease, except as noted on Schedule 3.9: (i) such Real
Estate Lease is in full force and effect and enforceable by the Credit Party or its Subsidiaries
party thereto in accordance with its terms; (ii) neither the Credit Party or its Subsidiaries party
thereto nor any other party thereto is in breach of or default thereunder (and to the knowledge of
Borrower, no event has occurred which with notice or the passage of time or both would constitute a
breach or default thereunder); (iii) there are no disputes, oral agreements, or forbearance
programs in effect as to such Real Estate Lease; and (iv) there are no other parties other than any
Credit Party or its Subsidiaries occupying the subject Leased Real Estate.

(b) Schedule 3.9 also describes any outstanding purchase options, rights of first
refusal, rights of first offer or other similar contractual rights pertaining to the Real Estate or
any portion thereof or interest therein. None of the Real Estate, nor any portion thereof nor
interest therein, is affected by or the subject of any pending or, to the knowledge of Borrower
contemplated or threatened condemnation, expropriation or other proceeding in eminent domain.
Neither the Real Estate nor the use or occupancy thereof violates in any material way any
applicable certificates, licenses, permits, covenants, conditions or restrictions, whether federal,
state, local or private, and the Real Estate has received all required certificates, licenses,
permits, authorizations and approvals in connection with the use and occupancy thereof. Except as
set forth on Schedule 3.9, each parcel of Real Estate is supplied with, or has access to,
utilities and other services necessary for the effective operation of the business of the Credit
Parties and their Subsidiaries, including electricity, water, telephone, sanitary sewer, storm
sewer and natural gas, and has not, during the last two years, experienced any material
interruption in the delivery of adequate quantities of any such utilities or services utilized or
required in the operation of the business of the Credit Parties and their Subsidiaries at the Real
Estate. The Real Estate and all improvements and fixtures on or included within the same are in
good condition, working order and repair and do not require material repair or replacement in order
to serve their intended purposes, including use and operation consistent with their present use and
operation, except (i) as disclosed on Schedule 3.9 and (ii) for scheduled maintenance,
repairs and replacements conducted or required in the Ordinary Course of Business. Except as noted
in Schedule 3.12, there are no claims, actions, governmental investigations, litigation or
proceedings which are pending or, to the knowledge of Borrower, threatened against or otherwise
relating to the Real Estate or any portion thereof or interest therein. None of the Real Estate,
nor the current use and occupancy thereof, violates in any material respect any easement, covenant,
condition, restriction, similar provision in any instrument of record or other unrecorded
agreement, or other Lien affecting such Real Estate. All real estate Taxes and assessments which
may be due and
payable with respect to the Real Estate have been paid. The Credit Parties and their
Subsidiaries have not received any notice of any special Tax or assessment affecting any Real
Estate, and no such Taxes or assessments are pending or, to the knowledge of Borrower, threatened.

 

19

 

(c) Each of the Credit Parties and each of their respective Subsidiaries has good and valid
title to all owned personal property and valid leasehold interests in all leased personal property,
in each instance, used in the ordinary conduct of their respective businesses, free and clear of
all Liens other than Permitted Liens.

3.10 Taxes. All federal and state income and franchise and other material tax
returns, reports and statements (collectively, the “Tax Returns”) required to be filed by
any Credit Party have been filed with the appropriate Governmental Authorities, all such Tax
Returns are true and correct in all material respects, and all material taxes, assessments and
other governmental charges and impositions reflected therein or otherwise due and payable have been
paid prior to the date on which any Liability may be added thereto for non-payment thereof except
for those contested in good faith by appropriate proceedings diligently conducted and for which
adequate reserves, if any, are maintained on the books of the appropriate Credit Party in
accordance with GAAP. As of the Closing Date, no Tax Return is under audit or examination by any
Governmental Authority and no notice of any audit or examination or any assertion of any material
claim for Taxes has been given or made by any Governmental Authority. Proper and accurate amounts
have been withheld by each Credit Party from their respective employees for all periods in full and
complete compliance with the tax, social security and unemployment withholding provisions of
applicable Requirements of Law in all material respects and such withholdings have been timely paid
to the respective Governmental Authorities. No Credit Party has participated in a “reportable
transaction” within the meaning of Treasury Regulation Section 1.6011-4(b) or has been a member of
an affiliated, combined or unitary group other than the group of which a Credit Party is the common
parent. As of the Closing Date, no election will be in effect pursuant to Treasury Regulation
Section 301.7701-3(g) to treat either Partnership or Borrower as an association taxable as a
corporation for federal income Tax purposes.

3.11 Financial Condition.

(a) Each of (i) the audited consolidated balance sheet of REMC and its Subsidiaries dated
September 30, 2010, and the related audited consolidated statements of income or operations,
shareholders’ equity and cash flows for the Fiscal Year ended on that date and (ii) the unaudited
interim consolidated balance sheet of REMC and its Subsidiaries dated September 30, 2011 and the
related unaudited consolidated statements of income, shareholders’ equity and cash flows for the
twelve fiscal months then ended:

(x) were prepared in accordance with GAAP consistently applied throughout the
respective periods covered thereby, except as otherwise expressly noted therein, subject to,
in the case of the unaudited interim financial statements, normal year-end adjustments and
the lack of footnote disclosures; and

(y) present fairly in all material respects the consolidated financial condition of
Partnership and its Subsidiaries as of the dates thereof and results of operations for the
periods covered thereby.

 

20

 

(b) The pro forma unaudited consolidated balance sheet of Partnership and its Subsidiaries
dated September 30, 2011 delivered on the Closing Date was prepared by Partnership giving pro forma
effect to the funding of the Loans and Related Transactions, was based on the unaudited
consolidated and consolidating balance sheets of Partnership and its Subsidiaries dated September
30, 2011, and was prepared in accordance with GAAP, with only such adjustments thereto as would be
required in a manner consistent with GAAP.

(c) Since September 30, 2010, there has been no Material Adverse Effect.

(d) The Credit Parties and their Subsidiaries have no Indebtedness other than Indebtedness
permitted pursuant to Section 5.5 and have no Contingent Obligations other than Contingent
Obligations permitted pursuant to Section 5.9.

(e) All financial performance projections delivered to Agent, including the financial
performance projections delivered on or prior to the Closing Date, represent Borrower’s good faith
estimate of future financial performance and are based on assumptions believed by Borrower to be
fair and reasonable in light of current market conditions, it being acknowledged and agreed by
Agent and Lenders that projections as to future events are not to be viewed as facts and that the
actual results during the period or periods covered by such projections may differ from the
projected results.

3.12 Environmental Matters. Except as set forth in Schedule 3.12 and except
where any failures to comply would not reasonably be expected to result in, either individually or
in the aggregate, Material Environmental Liabilities to Credit Parties and their Subsidiaries, (a)
the operations of each Credit Party and each Subsidiary of each Credit Party are and have been in
compliance, in all material respects, with all applicable Environmental Laws, including obtaining,
maintaining and complying with all Permits required by any applicable Environmental Law, (b) no
Credit Party and no Subsidiary of any Credit Party is party to, and no Real Estate currently (or to
the knowledge of any Credit Party previously) owned, leased, subleased, operated or otherwise
occupied by the Credit Parties and their Subsidiaries is subject to or the subject of, any
Contractual Obligation or any pending (or, to the knowledge of any Credit Party, threatened) order,
action, investigation, suit, proceeding, audit, claim, demand, dispute or notice of violation or of
potential liability or similar notice relating in any manner to any Environmental Law, (c) no Lien
in favor of any Governmental Authority securing, in whole or in part, Environmental Liabilities has
attached to any property of any Credit Party or any Subsidiary of any Credit Party and, to the
knowledge of any Credit Party, no facts, circumstances or conditions exist that could reasonably be
expected to result in any such Lien attaching to any such property, (d) no Credit Party and no
Subsidiary of any Credit Party has caused or suffered to occur a Release or, to the knowledge of
such Credit Party or Subsidiary, any threatened Release of Hazardous Materials at, to or from any
Real Estate in violation of or requiring reporting under Environmental Laws, (e) other than
Borrower’s raw materials or products which are stored or produced thereon in compliance in all
material respects with Environmental Laws, no Real Estate currently (or to the knowledge of any
Credit Party previously) owned, leased, subleased, operated or otherwise occupied by or for any
such Credit Party and each Subsidiary of each Credit Party is contaminated with or contains
Hazardous Materials in amounts or concentrations which could be reasonably expected to give rise to
liability under Environmental Laws, and (f) no Credit

 

21

 

Party and no Subsidiary of any Credit Party
(i) is or has been engaged in, or has permitted any current or former tenant to engage in, operations in violation of any
Environmental Law in any material respect or (ii) knows of any facts, circumstances or conditions
reasonably constituting notice of a violation of any Environmental Law or communicating to any
Credit Party or Subsidiary notice of liability or potential liability under the Comprehensive
Environmental Response, Compensation and Liability Act (42 U.S.C. § 9601 et seq.) or similar
Environmental Laws.

3.13 Regulated Entities. None of any Credit Party, any Person controlling any Credit
Party, or any Subsidiary of any Credit Party, is (a) an “investment company” within the meaning of
the Investment Company Act of 1940 or (b) subject to regulation under the Federal Power Act, the
Interstate Commerce Act, any state public utilities code, or any other Federal or state statute,
rule or regulation limiting its ability to incur Indebtedness, pledge its assets or perform its
Obligations under the Loan Documents.

3.14 Solvency. Both before and after giving effect to (a) the Loans made and Letters
of Credit Issued on or prior to the date this representation and warranty is made or remade, (b)
the disbursement of the proceeds of such Loans to or as directed by Borrower, (c) the consummation
of the Related Transactions and (d) the payment and accrual of all transaction costs in connection
with the foregoing, both the Credit Parties taken as a whole and Borrower individually are Solvent.

3.15 Labor Relations. There are no strikes, work stoppages, slowdowns or lockouts
existing, pending (or, to the knowledge of any Credit Party, threatened) against or involving any
Credit Party or any Subsidiary of any Credit Party, except for those that would not, in the
aggregate, reasonably be expected to have a Material Adverse Effect. Except as set forth on
Schedule 3.15, as of the Closing Date, (a) there is no collective bargaining or similar
agreement with any union, labor organization, works council or similar representative covering any
employee of GP, any Credit Party or any Subsidiary of any Credit Party, (b) no petition for
certification or election of any such representative is existing or pending with respect to any
employee of GP, any Credit Party or any Subsidiary of any Credit Party and (c) no such
representative has sought certification or recognition with respect to any employee of GP, any
Credit Party or any Subsidiary of any Credit Party.

3.16 Intellectual Property. Each Credit Party and each Subsidiary of each Credit
Party owns, or is licensed to use, all Intellectual Property necessary to conduct its business as
currently conducted except for such Intellectual Property the failure of which to own or license
would not reasonably be expected to have, either individually or in the aggregate, a Material
Adverse Effect. To the knowledge of each Credit Party, (a) the conduct and operations of the
businesses of each Credit Party and each Subsidiary of each Credit Party does not infringe,
misappropriate, dilute, violate or otherwise impair any Intellectual Property owned by any other
Person and (b) no other Person has contested any right, title or interest of any Credit Party or
any Subsidiary of any Credit Party in, or relating to, any Intellectual Property, other than, in
each case, as cannot reasonably be expected to affect the Loan Documents and the transactions
contemplated therein and would not, in the aggregate, reasonably be expected to have a Material
Adverse Effect.

 

22

 

3.17 Brokers’ Fees; Transaction Fees. Except as disclosed on Schedule 3.17
and except for fees payable to Agent and Lenders, none of the Credit Parties or any of their
respective Subsidiaries has any obligation to any Person in respect of any finder’s or broker’s fee
in connection with the transactions contemplated hereby.

3.18 Insurance. Each of the Credit Parties and each of their respective Subsidiaries
and their respective Properties are insured with financially sound and reputable insurance
companies which are not Affiliates of Borrower, in such amounts, with such deductibles and covering
such risks as are customarily carried by companies engaged in similar businesses and owning similar
Properties in localities where such Person operates. A true and complete listing of such
insurance, including issuers, coverages and deductibles, has been provided to Agent.

3.19 Ventures, Subsidiaries and Affiliates; Outstanding Stock. Except as set forth in
Schedule 3.19, as of the Closing Date, no Credit Party and no Subsidiary of any Credit
Party has any Subsidiaries, is engaged in any joint venture or partnership with any other Person.
All issued and outstanding Stock and Stock Equivalents of each of the Credit Parties and each of
their respective Subsidiaries are duly authorized and validly issued, fully paid, non-assessable,
and free and clear of all Liens other than, with respect to the Stock and Stock Equivalents of
Borrower and Subsidiaries of Borrower, those in favor of Agent, for the benefit of the Secured
Parties. All such securities were issued in compliance with all applicable state and federal laws
concerning the issuance of securities. All of the issued and outstanding Stock of each Credit
Party (other than Partnership), and each Subsidiary of each Credit Party is owned by each of the
Persons and in the amounts set forth in Schedule 3.19. Except as set forth in Schedule
3.19, there are no pre-emptive or other outstanding rights to purchase, options, warrants or
similar rights or agreements pursuant to which any Credit Party may be required to issue, sell,
repurchase or redeem any of its Stock or Stock Equivalents or any Stock or Stock Equivalents of its
Subsidiaries. Set forth in Schedule 3.19 is a true and complete organizational chart of
Rentech and all of its Subsidiaries as of the Closing Date.

3.20 Jurisdiction of Organization; Chief Executive Office. Schedule 3.20
lists each Credit Party’s jurisdiction of organization, legal name and organizational
identification number, if any, and the location of such Credit Party’s chief executive office or
sole place of business, in each case as of the Closing Date, and such Schedule 3.20 also
lists all jurisdictions of organization and legal names of such Credit Party for the five years
preceding the Closing Date.

3.21 Deposit Accounts and Other Accounts. Schedule 3.21 lists all banks and
other financial institutions at which any Credit Party maintains deposit or other accounts as of
the Closing Date, and such Schedule correctly identifies the name, address and telephone number of
each depository, the name in which the account is held, a description of the purpose of the
account, and the complete account number therefor.

3.22 Bonding; Licenses. Except as set forth in Schedule 3.22, as of the
Closing Date, no Credit Party is a party to or bound by any surety bond agreement, indemnification
agreement therefor or bonding requirement with respect to products or services sold by it.

 

23

 

3.23 Related Agreements. As of the Closing Date, Borrower has delivered to Agent
complete and correct copies of the Related Agreements (including all schedules, exhibits,
amendments, supplements, modifications, assignments and all other material documents delivered
pursuant thereto or in connection therewith). No Credit Party and, to the best of each Credit
Party’s knowledge, no other Person party thereto is in default in the performance or compliance
with any provisions thereof. The Related Agreements comply in all material respects with, and the
Related Transactions have been consummated in all material respects in accordance with, all
applicable Requirements of Law. The Related Agreements are in full force and effect as of the
Closing Date and have not been terminated, rescinded or withdrawn. All material requisite
approvals by Governmental Authorities having jurisdiction over the Credit Parties or the other
Persons referenced therein with respect to the transactions contemplated by the Related Agreements
have been obtained, and no such approvals impose any conditions to the consummation of the
transactions contemplated by the Related Agreements or to the conduct by Credit Parties of its
business thereafter. To the best of each Credit Party’s knowledge, the representations or
warranties of each party thereto in the Related Agreements are true and correct in all material
respects. Each of the representations and warranties given by each applicable Credit Party in the
Related Agreements is true and correct in all material respects (without duplication of any
materiality qualifier contained therein). Notwithstanding anything contained in the Related
Agreements to the contrary, such representations and warranties of the Credit Parties are
incorporated into this Agreement by this Section 3.23 and shall, solely for purposes of
this Agreement and the benefit of Agent and Lenders, survive the consummation of the Related
Transactions.

3.24 Status of Partnership and Affiliates. Partnership has not engaged in any
business activities and does not own any Property other than (i) ownership of the Stock and Stock
Equivalents of Borrower, (ii) activities and contractual rights incidental to maintenance of its
corporate existence, and (iii) the entering into and performance of its obligations under the Loan
Documents and the Related Agreements to which it is a party. GP has not engaged in any business
activities and does not own any Property other than activities or Property relating to being the
general partner of Partnership in accordance with Section 7.5 of the Partnership Agreement and the
employer of employees or services to be provided, in each case, for the benefit of Borrower. RNHI
does not own any Property other than ownership of the Stock and Stock Equivalents of Partnership
and GP.

3.25 Full Disclosure. None of the statements contained in each exhibit, report,
statement or certificate furnished by or on behalf of any Credit Party or any of their Subsidiaries
in connection with the Loan Documents (including the offering and disclosure materials, if any,
delivered by or on behalf of any Credit Party to Agent or the Lenders prior to the Closing Date),
contains any untrue statement of a material fact or omits any material fact required to be stated
therein or necessary to make the statements made therein, in light of the circumstances under which
they are made, not misleading in any material respect as of the time when made or delivered.

 

24

 

3.26 Foreign Assets Control Regulations and Anti-Money Laundering. Each Credit Party
and each Subsidiary of each Credit Party is and will remain in compliance in all material respects
with all U.S. economic sanctions laws, Executive Orders and implementing regulations as promulgated
by the U.S. Treasury Department’s Office of Foreign Assets Control
(“OFAC”), and all applicable anti-money laundering and counter-terrorism financing
provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Credit Party and
no Subsidiary or Affiliate of a Credit Party (i) is a Person designated by the U.S. government on
the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with
which a U.S. Person cannot deal with or otherwise engage in business transactions, (ii) is a Person
who is otherwise the target of U.S. economic sanctions laws such that a U.S. Person cannot deal or
otherwise engage in business transactions with such Person or (iii) is controlled by (including
without limitation by virtue of such person being a director or owning voting shares or interests),
or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List or a
foreign government that is the target of U.S. economic sanctions prohibitions such that the entry
into, or performance under, this Agreement or any other Loan Document would be prohibited under
U.S. law.

3.27 Patriot Act. The Credit Parties, each of their Subsidiaries and each of their
Affiliates are in compliance with (a) the Trading with the Enemy Act, and each of the foreign
assets control regulations of the United States Treasury Department (31 CFR, Subtitle B Chapter V,
as amended) and any other enabling legislation or executive order relating thereto, (b) the Patriot
Act and (c) other federal or state laws relating to “know your customer” and anti-money laundering
rules and regulations. No part of the proceeds of any Loan will be used directly or indirectly for
any payments to any governmental official or employee, political party, official of a political
party, candidate for political office, or anyone else acting in an official capacity, in order to
obtain, retain or direct business or obtain any improper advantage, in violation of the United
States Foreign Corrupt Practices Act of 1977.

3.28 Solvency. The Credit Parties and their Subsidiaries, on a consolidated basis,
are Solvent.

 

25

 

ARTICLE IV -

AFFIRMATIVE COVENANTS

Each Credit Party covenants and agrees that, so long as any Lender shall have any Commitment
hereunder, or any Loan or other Obligation (other than contingent indemnification Obligations to
the extent no claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied:

4.1 Financial Statements. Each Credit Party shall maintain, and shall cause each of
its Subsidiaries to maintain, a system of accounting established and administered in accordance
with sound business practices to permit the preparation of financial statements in conformity with
GAAP (provided that monthly financial statements shall not be required to have footnote disclosures
and are subject to normal year-end adjustments). Borrower shall deliver to Agent and each Lender
by Electronic Transmission and in detail reasonably satisfactory to Agent and the Required Lenders:

(a) as soon as available, but not later than (i) with respect to the 2012 Fiscal Year, one
hundred and five (105) days after the end of such Fiscal Year, and (ii) with respect to each Fiscal
Year thereafter, ninety (90) days after the end of such Fiscal Year, a copy of the
annual report filed by Partnership with the Securities and Exchange Commission in accordance
with the Securities Exchange Act of 1934, as amended, which includes a copy of the audited
consolidated and consolidating balance sheets of Partnership and each of its Subsidiaries as at the
end of such Fiscal Year and the related consolidated and consolidating statements of income or
operations, shareholders’ equity and cash flows for such Fiscal Year, setting forth in each case in
comparative form the figures for the previous Fiscal Year, and accompanied by the report of any
“Big Four” or other nationally recognized independent public accounting firm reasonably acceptable
to Agent which report shall (i) contain an unqualified opinion, stating that such consolidated
financial statements present fairly in all material respects the financial position for the periods
indicated in conformity with GAAP applied on a basis consistent with prior years for REMC and
Borrower, as applicable, and (ii) not include any explanatory paragraph expressing substantial
doubt as to going concern status; and

(b) within (i) with respect to each Fiscal Quarter during the 2012 Fiscal Year (other than the
Fiscal Quarter ending at the end of the 2012 Fiscal Year), fifty (50) days after the end of each
such Fiscal Quarter, and (ii) with respect to each Fiscal Quarter thereafter (other than a Fiscal
Quarter ending at the end of a Fiscal Year), forty-five (45) days after the end of each Fiscal
Quarter, a copy of the quarterly report filed by Partnership with the Securities and Exchange
Commission in accordance with the Securities Exchange Act of 1934, as amended, which includes a
copy of the consolidated and consolidating financial information regarding Partnership and its
Subsidiaries, including (i) unaudited balance sheets as of the close of such Fiscal Quarter and the
related statements of income and cash flow for that portion of the Fiscal Year ending as of the
close of such Fiscal Quarter and (ii) unaudited statements of income and cash flows for such Fiscal
Quarter, in each case setting forth in comparative form the figures for the corresponding period in
the prior year and the figures contained in the projections for such Fiscal Year, all prepared in
accordance with GAAP (subject to normal year-end adjustments).

(c) as soon as available, but not later than thirty (30) days after the end of each fiscal
month of each year, a copy of the unaudited consolidated and consolidating balance sheets of
Partnership and each of its Subsidiaries, and the related consolidated and consolidating statements
of income, shareholders’ equity and cash flows as of the end of such fiscal month and for the
portion of the Fiscal Year then ended, all certified on behalf of Borrower by an appropriate
Responsible Officer of Borrower as being complete and correct and fairly presenting, in all
material respects, in accordance with GAAP, the financial position and the results of operations of
Partnership and its Subsidiaries, subject to normal year-end adjustments and absence of footnote
disclosures.

(d) as soon as available, but not later than forty-five (45) days after the end of each Fiscal
Year, an annual operating plan for Partnership and its Subsidiaries, on a consolidated and
consolidating basis, approved by the GP for the following Fiscal Year, which (i) includes a
statement of all of the material assumptions on which such plan is based, (ii) includes monthly
balance sheets and a monthly budget for the following year and (iii) integrates sales, gross
profits, operating expenses, operating profit, cash flow projections and Borrowing projections, all
prepared on the same basis and in similar detail as that on which operating results are reported
(and in the case of cash flow projections, representing management’s good faith estimates of future
financial performance based on historical performance).

 

26

 

4.2 Certificates; Other Information. Borrower shall furnish to Agent and each Lender
by Electronic Transmission:

(a) together with each delivery of financial statements pursuant to Sections 4.1(a) and
4.1(b), (i) a management discussion and analysis report, in reasonable detail, signed by a
Responsible Officer of Borrower, describing the operations and financial condition of the Credit
Parties and their Subsidiaries for the fiscal month and the portion of the Fiscal Year then ended
(or for the Fiscal Year then ended in the case of annual financial statements), and (ii) a report
setting forth in comparative form the corresponding figures for the corresponding periods of the
previous Fiscal Year and the corresponding figures from the most recent projections for the current
Fiscal Year and discussing the reasons for any significant variations;

(b) concurrently with the delivery of the financial statements referred to in Sections 4.1(a),
4.1(b) and 4.1(c) above, a fully and properly completed Compliance Certificate in the form of
Exhibit 4.2(b), certified on behalf of Borrower by a Responsible Officer of Borrower;

(c) promptly after the same are sent, copies of all financial statements and reports which any
Credit Party sends to its shareholders or other equity holders, as applicable, generally and
promptly after the same are filed, copies of all financial statements and regular, periodic or
special reports which such Person may make to, or file with, the Securities and Exchange Commission
or any successor or similar Governmental Authority;

(d) promptly upon receipt thereof, copies of any reports submitted by the certified public
accountants in connection with each annual, interim or special audit or review of any type of the
financial statements or internal control systems of any Credit Party made by such accountants,
including any comment letters submitted by such accountants to management of any Credit Party in
connection with their services;

(e) from time to time (but not more frequently than one per Fiscal Year in the absence of the
occurrence of a Default or an Event of Default), if Agent determines that obtaining appraisals is
necessary in order for Agent or any Lender to comply with applicable laws or regulations (including
any appraisals required to comply with FIRREA), and at any time if a Default or an Event of Default
shall have occurred and be continuing, Agent may, or may require Borrower to, in either case at
Borrower’s expense, obtain appraisals in form and substance and from appraisers reasonably
satisfactory to Agent stating the then current fair market value of all or any portion of the
personal property of any Credit Party or any Subsidiary of any Credit Party and the fair market
value or such other value as determined by Agent (for example, replacement cost for purposes of
Flood Insurance) of any Real Estate of any Credit Party or any Subsidiary of any Credit Party;

(f) concurrently with the delivery of the financial statements referred to in Section 4.1(b),
a certificate of a Responsible Officer of Borrower setting forth in reasonable detail any Margin
Stock owned by each Credit Party and each Subsidiary of each Credit Party as of the last day of
such Fiscal Quarter;

 

27

 

(g) no later than 90 days after the end of each Fiscal Year, annual insurance reports
(summarizing insurance coverage at the end of such Fiscal Year) of the Credit Parties and their
Subsidiaries in form and substance satisfactory to Agent; and

(h) promptly, such additional business, financial, corporate affairs, perfection certificates
and other information as Agent may from time to time reasonably request.

Documents required to be delivered pursuant to Section 4.1(a) or (b) or Section
4.2(c) (to the extent any such documents are included in materials otherwise filed with the
SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on
the date (i) on which Partnership posts such documents, or provides a link thereto on Partnership’s
website on the Internet at the website address listed on Schedule 4.2, (ii) on which such
documents are posted on Partnership’s behalf on an Internet or intranet website, if any, to which
each Lender and Agent have access (whether a commercial, third-party website or whether sponsored
by Agent), or (iii) on which Borrower provides to the Administrative Agent by electronic mail
electronic versions (i.e., soft copies) of such documents (delivery of the Compliance
Certificates required to be delivered pursuant to Section 4.2(b) also being deemed
delivered on such date if included within such electronic mail under this clause (iii));
provided, Borrower shall upon the request of Agent provide to Agent paper copies of any
such electronically delivered Compliance Certificates); provided further, that
Borrower shall notify Agent (by telecopier or electronic mail) of the posting of any such documents
pursuant to clause (i) or (ii) above and provide to Agent by electronic mail electronic versions
(i.e., soft copies) of such documents, and Agent hereby agrees that it shall use reasonable
commercial efforts to post such documents received pursuant to this clause (iii) on Borrower’s
behalf to a commercial, third-party or other website sponsored by Agent and notify the Lenders of
such posting. Except as expressly provided in the foregoing clause (iii), Agent shall have no
obligation to request the delivery or to maintain copies of the documents referred to above, and in
any event shall have no responsibility to monitor compliance by Borrower with any such request for
delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining
its copies of such documents.

4.3 Notices. Borrower shall notify promptly Agent and each Lender of each of the
following (and in no event later than three (3) Business Days after a Responsible Officer becoming
aware thereof):

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

(b) any breach or non performance of, or any default under, any Contractual Obligation of any
Credit Party or any Subsidiary of any Credit Party, or any violation of, or non-compliance with,
any Requirement of Law, which would reasonably be expected to result, either individually or in the
aggregate, in a Material Adverse Effect, including a description of such breach, non-performance,
default, violation or non-compliance and the steps, if any, such Person has taken, is taking or
proposes to take in respect thereof;

 

28

 

(c) any dispute, litigation, investigation, proceeding or suspension which may exist at any
time between any Credit Party or any Subsidiary of any Credit Party and any
Governmental Authority which would reasonably be expected to result, either individually or in
the aggregate, in a Material Adverse Effect;

(d) the commencement of, or any material development in, any litigation or proceeding
affecting any Credit Party or any Subsidiary of any Credit Party (i) in which the amount of damages
claimed is $5,000,000 (or its equivalent in another currency or currencies) or more, (ii) in which
injunctive or similar relief is sought and which, if adversely determined, would reasonably be
expected to have a Material Adverse Effect, or (iii) in which the relief sought is an injunction or
other stay of the performance of this Agreement, any other Loan Document or any Related Agreement;

(e) (i) the receipt by any Credit Party of any notice of violation of or potential liability
or similar notice under Environmental Law that would reasonably be expected to result, either
individually or in the aggregate, in Material Environmental Liabilities, (ii)(A) unpermitted
Releases, (B) the existence of any condition that could reasonably be expected to result in
violations of or Liabilities under, any Environmental Law or (C) the commencement of, or any
material change to, any action, investigation, suit, proceeding, audit, claim, demand, dispute
alleging a violation of or Liability under any Environmental Law which in the case of clauses (A),
(B) and (C) above, in the aggregate for all such clauses, would reasonably be expected to result in
Material Environmental Liabilities, (iii) the receipt by any Credit Party of notification that any
property of any Credit Party is subject to any Lien in favor of any Governmental Authority
securing, in whole or in part, Environmental Liabilities and (iv) any proposed acquisition or lease
of Real Estate, if such acquisition or lease would have a reasonable likelihood of resulting in
Material Environmental Liabilities;

(f) (i) on or prior to any filing by any Credit Party of any notice of any reportable event
under Section 4043(b) of ERISA or intent to terminate any Title IV Plan, a copy of such notice,
(ii) promptly, and in any event within ten (10) days, after any officer of Credit Party knows or
has reason to know that a request for a minimum funding waiver under Section 412 of the Code has
been filed with respect to any Title IV Plan or Multiemployer Plan, a notice describing such waiver
request and any action that any ERISA Affiliate proposes to take with respect thereto, together
with a copy of any notice filed with the PBGC or the IRS pertaining thereto, and (iii) promptly,
and in any event within ten (10) days after any officer of any Credit Party knows or has reason to
know that an ERISA Event will or has occurred, a notice describing such ERISA Event, and any action
that any ERISA Affiliate proposes to take with respect thereto, together with a copy of any notices
received from or filed with the PBGC, IRS, Multiemployer Plan or other Benefit Plan pertaining
thereto;

(g) any Material Adverse Effect subsequent to the date of the most recent audited financial
statements delivered to Agent and Lenders pursuant to this Agreement;

(h) any material change in accounting policies or financial reporting practices by any Credit
Party or any Subsidiary of any Credit Party;

(i) any labor controversy resulting in or threatening to result in any strike, work stoppage,
boycott, shutdown or other labor disruption against or involving any Credit Party
or any Subsidiary of any Credit Party if the same would reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect;

 

29

 

(j) the creation, establishment or acquisition of any Subsidiary or the issuance by or to any
Credit Party of any Stock or Stock Equivalent (other than issuances by Partnership of any Stock or
Stock Equivalents); and

(k) (i) the creation, or filing with the IRS or any other Governmental Authority, of any
Contractual Obligation or other document extending, or having the effect of extending, the period
for assessment or collection of any income, franchise or other material taxes with respect to any
Credit Party and (ii) the creation of any Contractual Obligation of any Credit Party, or the
receipt of any request directed to any Credit Party, to make any adjustment under Section 481(a) of
the Code, by reason of a change in accounting method or otherwise, which would reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect.

Each notice pursuant to this Section shall be in electronic form accompanied by a statement by a
Responsible Officer of Borrower, setting forth details of the occurrence referred to therein, and
stating what action Borrower or other Person proposes to take with respect thereto and at what
time. Each notice under Section 4.3(a) shall describe with particularity any and all clauses or
provisions of this Agreement or other Loan Document that have been breached or violated.

4.4 Preservation of Corporate Existence, Etc. Each Credit Party shall, and shall
cause each of its Subsidiaries to:

(a) preserve and maintain in full force and effect its organizational existence and good
standing under the laws of its jurisdiction of incorporation, organization or formation, as
applicable, except, with respect to Borrower’s Subsidiaries, in connection with transactions
permitted by Section 5.3;

(b) preserve and maintain in full force and effect all rights, privileges, qualifications,
permits, licenses and franchises necessary in the normal conduct of its business except in
connection with transactions permitted by Section 5.3 and sales of assets permitted by Section 5.2
and except as would not reasonably be expected to have, either individually or in the aggregate, a
Material Adverse Effect;

(c) preserve or renew all of its registered trademarks, trade names and service marks, the non
preservation of which would reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect; and

(d) conduct its business and affairs without infringement of or interference with any
Intellectual Property of any other Person in any material respect and shall comply in all material
respects with the terms of its IP Licenses.

4.5 Maintenance of Property. Each Credit Party shall maintain, and shall cause each
of its Subsidiaries to maintain, and preserve all its Property which is used or useful in its
business in good working order and condition, ordinary wear and tear excepted and shall make all
necessary repairs thereto and renewals and replacements thereof except where the
failure to do so would not reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect.

 

30

 

4.6 Insurance.

(a) Each Credit Party shall, and shall cause each of its Subsidiaries to, (i) maintain or
cause to be maintained in full force and effect all policies of insurance of any kind with respect
to the property and businesses of the Credit Parties and such Subsidiaries (including policies of
life, fire, theft, product liability, public liability, Flood Insurance, property damage, other
casualty, employee fidelity, workers’ compensation, business interruption and employee health and
welfare insurance) with financially sound and reputable insurance companies or associations (in
each case that are not Affiliates of Borrower) of a nature and providing such coverage as is
sufficient and as is customarily carried by businesses of the size and character of the business of
the Credit Parties and (ii) cause all such insurance relating to any property or business of any
Credit Party to name Agent as additional insured or loss payee, as appropriate. All policies of
insurance on real and personal property of the Credit Parties will contain an endorsement, in form
and substance acceptable to Agent, showing loss payable to Agent (Form CP 1218 or equivalent) and
extra expense and business interruption endorsements. Such endorsement, or an independent
instrument furnished to Agent, will provide that the insurance companies will give Agent at least
30 days’ prior written notice before any such policy or policies of insurance shall be altered or
canceled and that no act or default of the Credit Parties or any other Person shall affect the
right of Agent to recover under such policy or policies of insurance in case of loss or damage.
Each Credit Party shall direct all present and future insurers under its “All Risk” policies of
property insurance to pay all proceeds payable thereunder directly to Agent. If any insurance
proceeds are paid by check, draft or other instrument payable to any Credit Party and Agent
jointly, Agent may endorse such Credit Party’s name thereon and do such other things as Agent may
deem advisable to reduce the same to cash. Agent reserves the right at any time, upon review of
each Credit Party’s risk profile, to require additional forms and limits of insurance.
Notwithstanding the requirement in clause (i) above, Federal Flood Insurance shall not be required
for any Real Estate that is not located in a Special Flood Hazard Area. If any Real Estate is
located in a Special Flood Hazard Area in a community that does not participate in the National
Flood Insurance Program, the Credit Parties shall obtain flood insurance for such Real Estate in
such total amount as the Agent may from time to time require.

(b) Unless the Credit Parties provide Agent with evidence of the insurance coverage required
by this Agreement, Agent may, with notice to Borrower, purchase insurance at the Credit Parties’
expense to protect Agent’s and Lenders’ interests, including interests in the Credit Parties’ and
their Subsidiaries’ properties. This insurance may, but need not, protect the Credit Parties’ and
their Subsidiaries’ interests. The coverage that Agent purchases may not pay any claim that any
Credit Party or any Subsidiary of any Credit Party makes or any claim that is made against such
Credit Party or any Subsidiary in connection with said Property. Borrower may later cancel any
insurance purchased by Agent, but only after providing Agent with evidence that there has been
obtained insurance as required by this Agreement. If Agent purchases insurance, the Credit Parties
will be responsible for the costs of that insurance, including interest and any other charges Agent
may impose in connection with the placement of insurance, until the effective date of the
cancellation or expiration of the insurance. The costs of
the insurance shall be added to the Obligations. The costs of the insurance may be more than
the cost of insurance Borrower may be able to obtain on its own.

 

31

 

4.7 Payment of Obligations. Such Credit Party shall, and shall cause each of its
Subsidiaries to, pay, discharge and perform as the same shall become due and payable or required to
be performed, all their respective obligations and liabilities, including:

(a) all material tax liabilities, assessments and governmental charges or levies upon it or
its Property, unless the same are being contested in good faith by appropriate proceedings
diligently prosecuted which stay the enforcement of any Lien and for which adequate reserves in
accordance with GAAP are being maintained by such Person;

(b) all lawful claims which, if unpaid, would by law become a Lien upon its Property unless
the same are being contested in good faith by appropriate proceedings diligently prosecuted which
stay the imposition or enforcement of any Lien and for which adequate reserves in accordance with
GAAP are being maintained by such Person;

(c) all Indebtedness, as and when due and payable, but subject to any subordination provisions
contained herein, in any other Loan Documents and/or in any instrument or agreement evidencing such
Indebtedness;

(d) the performance of all obligations under any Contractual Obligation to such Credit Party
or any of its Subsidiaries is bound, or to which it or any of its Property is subject, including
the Related Agreements, except where the failure to perform would not reasonably be expected to
have, either individually or in the aggregate, a Material Adverse Effect; and

(e) payments to the extent necessary to avoid the imposition of a Lien (other than any
Permitted Lien) with respect to, or the involuntary termination of any underfunded Benefit Plan.

4.8 Compliance with Laws. Each Credit Party shall, and shall cause each of its
Subsidiaries to, comply with all Requirements of Law of any Governmental Authority having
jurisdiction over it or its business, except where the failure to comply would not reasonably be
expected to have, either individually or in the aggregate, a Material Adverse Effect.

4.9 Inspection of Property and Books and Records. Each Credit Party shall maintain
and shall cause each of its Subsidiaries to maintain proper books of record and account, in which
full, true and correct entries in conformity with GAAP consistently applied shall be made of all
financial transactions and matters involving the assets and business of such Person. Each Credit
Party shall, and shall cause each of its Subsidiaries to, with respect to each owned, leased, or
controlled property, during normal business hours and upon reasonable advance notice (unless an
Event of Default shall have occurred and be continuing, in which event no notice shall be required
and Agent shall have access at any and all times during the continuance thereof): (a) provide
access to such property to Agent and any of its Related Persons, as frequently as Agent determines
to be appropriate; and (b) permit Agent and any of its Related Persons to conduct field
examinations, audit, inspect, and make extracts and copies (or take originals if reasonably
necessary) from all

 

32

 

of such Credit Party’s books and records, and evaluate and make physical verifications and appraisals of the Inventory and other Collateral in any
manner and through any medium that Agent considers advisable, in each instance, at the Credit
Parties’ expense; provided (1) if no Default or Event of Default exists, such audits and
inspections shall be limited to one per Fiscal Year and (2) the Credit Parties shall only be
obligated to reimburse Agent for the expenses of one such field examination, audit and inspection
per calendar year or more frequently if an Event of Default has occurred and is continuing. Any
Lender may accompany Agent or its Related Persons in connection with any inspection at such
Lender’s expense.

4.10 Use of Proceeds. Borrower shall use the proceeds of the Loans solely as follows:
(a) to pay costs and expenses of the Related Transactions and costs and expenses required to be
paid pursuant to Section 2.1, and (b) for working capital, capital expenditures and other general
corporate purposes not in contravention of any Requirement of Law and not in violation of this
Agreement.

4.11 Cash Management Systems. As soon as reasonably practicable but in any event
within 90 days after the Closing Date (with extensions approved by Agent in its sole discretion),
each Credit Party shall enter into, and cause each depository or securities intermediary to enter
into, Control Agreements with respect to each deposit, securities or similar account maintained by
such Person (other than any payroll account so long as such payroll account is a zero balance
account and withholding tax and fiduciary accounts). Any deposit, securities or similar account
(other than any payroll account so long as such payroll account is a zero balance account and
withholding tax and fiduciary accounts) opened by any Credit Party after the Closing Date shall be
subject to a Control Agreement.

4.12 Landlord Agreements. Each Credit Party shall use commercially reasonable efforts
to obtain a collateral access agreement from each landlord, sublandlord or licensor, as applicable,
for each Real Estate Lease, which agreements shall provide for, among other things, (a) a waiver by
such landlord, sublandlord or licensor of its interest in the Collateral, and (b) permission for
Agent to access the subject Leased Real Estate for the purposes of collecting, selling, disposing,
removing or otherwise handling any Collateral located thereon, which agreements shall otherwise be
reasonably satisfactory in form and substance to Agent. Each Credit Party shall use commercially
reasonably efforts to obtain bailee waivers from the bailee in possession of any Collateral with
respect to each location where any Collateral is stored or located, which agreement shall be
reasonably satisfactory in form and substance to Agent. If requested by Agent, the Credit Parties
shall use commercially reasonable efforts to deliver mortgagee waivers, as applicable, that in each
case are reasonably satisfactory in form and substance to Agent.

4.13 Further Assurances.

(a) Each Credit Party shall ensure that all written information, exhibits and reports
furnished to Agent or the Lenders do not and will not contain any untrue statement of a material
fact and do not and will not omit to state any material fact or any fact necessary to make the
statements contained therein not misleading in any material respect in light of the circumstances
in which made, and will promptly disclose to Agent and the Lenders and correct
any material defect or error that may be discovered therein or in any Loan Document or in the
execution, acknowledgement or recordation thereof.

 

33

 

(b) Promptly upon request by Agent, the Credit Parties shall (and, subject to the limitations
hereinafter set forth, shall cause each of their Subsidiaries to) take such additional actions and
execute such documents as Agent may reasonably require from time to time in order (i) to carry out
more effectively the purposes of this Agreement or any other Loan Document, (ii) to subject to the
Liens created by any of the Collateral Documents any of the Properties, rights or interests covered
by any of the Collateral Documents, (iii) to perfect and maintain the validity, effectiveness and
priority of any of the Collateral Documents and the Liens intended to be created thereby, and (iv)
to better assure, convey, grant, assign, transfer, preserve, protect and confirm to the Secured
Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under
any Loan Document. Without limiting the generality of the foregoing and except as otherwise
approved in writing by Required Lenders, the Credit Parties shall cause each of their Domestic
Subsidiaries (other than Excluded Subsidiaries) to guaranty the Obligations and to cause each such
Subsidiary to grant to Agent, for the benefit of the Secured Parties, a security interest in,
subject to the limitations hereinafter set forth, all of such Subsidiary’s Property to secure such
guaranty. Furthermore and except as otherwise approved in writing by Required Lenders, each Credit
Party shall, and shall cause each of its Domestic Subsidiaries (other than Excluded Subsidiaries)
to, pledge all of the Stock and Stock Equivalents of each of its Domestic Subsidiaries (other than
Excluded Subsidiaries) and First Tier Foreign Subsidiaries (provided that with respect to any First
Tier Foreign Subsidiary, such pledge shall be limited to sixty-five percent (65%) of such Foreign
Subsidiary’s outstanding voting Stock and Stock Equivalents and one hundred percent (100%) of such
Foreign Subsidiary’s outstanding non-voting Stock and Stock Equivalents) in each instance, to
Agent, for the benefit of the Secured Parties, to secure the Obligations. In connection with each
pledge of Stock and Stock Equivalents, the Credit Parties shall deliver, or cause to be delivered,
to Agent, irrevocable proxies and stock powers and/or assignments, as applicable, duly executed in
blank. In the event any Credit Party or any Domestic Subsidiary (other than an Excluded
Subsidiary) acquires any Real Estate with a fair market value in excess of $1,000,000, such Person
shall promptly (and in any event within 30 days of such acquisition) execute and/or deliver, or
cause to be executed and/or delivered, to Agent, (I) an appraisal complying with FIRREA and
otherwise in form and substance reasonably satisfactory to Agent, (II) within forty-five (45) days
of receipt of notice from Agent that the subject property is located in a Special Flood Hazard
Area, Federal Flood Insurance as required by Section 4.6(a), (III) with respect to Real Estate
owned by such Person, a fully executed Mortgage, in form and substance reasonably satisfactory to
Agent, together with an A.L.T.A. lender’s title insurance policy issued by a title insurer
reasonably satisfactory to Agent, in form and substance and in an amount reasonably satisfactory to
Agent, insuring that the Mortgage is a valid and enforceable first priority Lien on the respective
property, free and clear of all Liens, and containing such endorsements and other coverages
reasonably required by Agent, (IV) if required in addition to the Mortgage, a UCC fixture filing in
form and substance reasonably satisfactory to Agent; (V) tenant estoppel(s) and subordination,
non-disturbance and attornment agreement(s), in form and substance reasonably satisfactory to
Agent, in the event the subject property is leased from such Credit Party to other part(ies); (VI)
an “insured closing letter” from the insurance company issuing the A.L.T.A. lender’s title
insurance policy, to the extent reasonably required by Agent; (VII) an opinion from counsel in the
state where the subject property is located which provides, among

 

34

 

other things, that the Mortgage
is in proper form to create a valid and enforceable lien upon the subject property; (VIII) an A.L.T.A. survey
performed within sixty (60) days of the acquisition of such property, certified to Agent and such
other parties requested by Agent, and performed by a licensed surveyor in the State where the
subject property is located, which A.L.T.A. survey shall contain “Table A” items 1-4, 6, 7(a),
7(b)(1), 7(b)(2), 7(c), 8-9, 11, 13, 14, 16, and 18; and (IX) an environmental site assessment
prepared by a qualified firm reasonably acceptable to Agent, in form and substance satisfactory to
Agent. In addition to the obligations set forth in Sections 4.6(a) and 4.13(b)(s), within
forty-five (45) days after written notice from Agent to the Credit Parties that any Real Estate is
located in a Special Flood Hazard Area, the Credit Parties shall satisfy the Federal Flood
Insurance requirements of Section 4.6(a).

4.14 Environmental Matters. Each Credit Party shall, and shall cause each of its
Subsidiaries to, comply and maintain all Real Estate, whether owned, leased, subleased or otherwise
operated or occupied, in compliance with all applicable Environmental Laws (including by
implementing any Remedial Action necessary to achieve such compliance or that is required by orders
and directives of any Governmental Authority) except where the failure to comply would not
reasonably be expected to, individually or in the aggregate, result in a Material Environmental
Liability. Without limiting the foregoing, if an Event of Default is continuing or if Agent at any
time has a reasonable basis to believe that there exists a non-de minimis violation or violations
of any Environmental Law by any Credit Party or any Subsidiary of any Credit Party or that there
exist any non-de minimis Environmental Liabilities, then each Credit Party shall, within 30 days
after receipt of a written request from Agent, provide to the Lenders an environmental assessment
report regarding the matters which are the subject of such Event of Default or reasonable belief,
including, where appropriate, subsurface sampling of soil and groundwater. Such a report shall be
conducted and prepared by a reputable environmental consulting firm reasonably acceptable to Agent
and shall be in form and substance reasonably acceptable to Agent.

4.15 Post-Closing Obligations. As a material inducement to Agent and Lenders entering
into and performing their respective obligations under this Agreement, Borrower hereby agrees to
complete delivery and/or performance of each item set forth on Schedule 4.15 hereto on or
prior to the date indicated with respect thereto on Schedule 4.15.

ARTICLE V -

NEGATIVE COVENANTS

Each Credit Party covenants and agrees that, so long as any Lender shall have any Commitment
hereunder, or any Loan or other Obligation (other than contingent indemnification Obligations to
the extent no claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied:

5.1 Limitation on Liens. No Credit Party shall, and no Credit Party shall suffer or
permit any of its Subsidiaries to, directly or indirectly, make, create, incur, assume or suffer to
exist any Lien upon or with respect to any part of its Property, whether now owned or hereafter
acquired, other than the following (“Permitted Liens”):

(a) any Lien existing on the Property of a Credit Party or a Subsidiary of a Credit Party on
the Closing Date and set forth in Schedule 5.1 securing Indebtedness outstanding on such
date and permitted by Section 5.5(c), including replacement Liens on the Property currently subject
to such Liens securing Indebtedness permitted by Section 5.5(c);

(b) any Lien created under any Loan Document;

 

35

 

(c) Liens for taxes, fees, assessments or other governmental charges (i) which are not past
due or remain payable without penalty, or (ii) the non payment of which is permitted by Section
4.7;

(d) carriers’, warehousemen’s, mechanics’, landlords’, materialmen’s, repairmen’s or other
similar statutory Liens arising in the Ordinary Course of Business which are not delinquent for
more than ninety (90) days or remain payable without penalty or which are being contested in good
faith and by appropriate proceedings diligently prosecuted, which proceedings have the effect of
preventing the forfeiture or sale of the Property subject thereto and for which adequate reserves
in accordance with GAAP are being maintained;

(e) Liens (other than any Lien imposed by ERISA) consisting of pledges or deposits required in
the Ordinary Course of Business in connection with workers’ compensation, unemployment insurance
and other social security legislation or to secure the performance of tenders, statutory
obligations, surety, stay, customs and appeals bonds, bids, leases, governmental contract, trade
contracts, performance and return of money bonds and other similar obligations (exclusive of
obligations for the payment of borrowed money) or to secure liability to insurance carriers;

(f) Liens consisting of judgment or judicial attachment liens not constituting an Event of
Default under Section 7.1(h);

(g) easements, rights of way, zoning and other restrictions, minor defects or other
irregularities in title, and other similar encumbrances incurred in the Ordinary Course of Business
which, either individually or in the aggregate, are not substantial in amount, and which do not in
any case materially detract from the value of the Property subject thereto or interfere in any
material respect with the ordinary use and conduct of the businesses of any Credit Party or any
Subsidiary of any Credit Party on such Property;

(h) Liens on any Property acquired or held by any Credit Party or any Subsidiary of any Credit
Party securing Indebtedness incurred or assumed for the purpose of financing (or refinancing) all
or any part of the cost of acquiring such Property and permitted under Section 5.5(d);
provided that (i) any such Lien attaches to such Property concurrently with or
within thirty (30) days after the acquisition thereof, (ii) such Lien attaches solely to the
Property so acquired in such transaction and the proceeds thereof, and (iii) the principal amount
of the debt secured thereby does not exceed 100% of the cost of such Property;

(i) Liens securing Capital Lease Obligations permitted under Section 5.5(d);

(j) Liens arising from precautionary uniform commercial code financing statements filed under
any lease permitted by this Agreement;

 

36

 

(k) leases, subleases or licenses (by a Credit Party or any Subsidiary of a Credit Party as
lessor, sublessor or licensor) to third parties in the Ordinary Course of Business not interfering
with the business of the Credit Parties or any of their Subsidiaries;

(l) Liens in favor of collecting banks arising under Section 4-210 of the Uniform Commercial
Code or, with respect to collecting banks located in the State of New York, under Section 4-208 of
the Uniform Commercial Code;

(m) Liens (including the right of set-off) in favor of a bank or other depository institution
arising as a matter of law encumbering deposits;

(n) Liens arising out of consignment or similar arrangements for the sale of goods entered
into by Borrower or any Subsidiary of Borrower in the Ordinary Course of Business;

(o) Liens arising in connection with the Permitted Sale/Leaseback Transactions;

(p) rights reserved to or vested in any Governmental Authority by the terms of any right,
power, franchise, grant, license or permit, or by any provision of law, to revoke or terminate any
such right, power, franchise, grant, license or permit or to condemn or acquire by eminent domain
or similar process;

(q) Liens existing on any Property prior to the acquisition thereof by Borrower or any of its
Subsidiaries or existing on any Property of any Person that becomes a Subsidiary after the Closing
Date prior to the time such Person becomes a Subsidiary; provided, that (i) such Liens are
not created in contemplation of or in connection with such acquisition or such Person becoming a
Subsidiary, as applicable, (ii) such Liens shall not apply to any other Property of Borrower or any
of its other Subsidiaries, (iii) such Liens shall secure only those obligations which it secures on
the date of such acquisition or the date such Person becomes a Subsidiary, as applicable, and
extensions, renewals, refinancings and replacements thereof that do not increase the outstanding
principal amount thereof, and (iv) the debt secured by such Lien is debt permitted under
Section 5.5(g) hereof;

(r) other Liens securing liabilities in an aggregate amount not to exceed $1,000,000 at any
time outstanding; provided, that any secured Indebtedness incurred by the Credit Parties
under this Section 5.1(r) shall reduce the amount of the liabilities permitted to be secured by
Liens under Section 5.1(h) by the amount of such secured Indebtedness; and

(s) Liens in favor of customs and revenue authorities arising as a matter of law which secure
payment of customs duties in connection with the importation of goods in the Ordinary Course of
Business.

 

37

 

5.2 Disposition of Assets. No Credit Party shall, and no Credit Party shall suffer or
permit any of its Subsidiaries to, directly or indirectly, sell, assign, lease, convey, transfer or
otherwise dispose of (whether in one or a series of transactions) any Property (including the Stock
of any Subsidiary of any Credit Party, whether in a public or private offering or otherwise, and
accounts and notes receivable, with or without recourse), except:

(a) dispositions of inventory, or worn out or surplus equipment, all in the Ordinary Course of
Business;

(b) dispositions not otherwise permitted hereunder which are made for fair market value;
provided; that (i) at the time of any disposition, no Event of Default shall exist or shall
result from such disposition, (ii) not less than 85% of the aggregate sales price from such
disposition shall be paid in cash, (iii) the aggregate fair market value of all assets so sold by
the Credit Parties and their Subsidiaries, together, shall not exceed in any Fiscal Year $2,500,000
and (iv) after giving effect to such disposition, the Credit Parties are in compliance on a pro
forma basis with the covenants set forth in Article VI, recomputed for the most recent Fiscal
Quarter for which financial statements have been delivered;

(c) dispositions of Cash Equivalents;

(d) transactions permitted under Section 5.1(l);

(e) the Permitted Sale/Leaseback Transactions; and

(f) dispositions of carbon credits in excess of the amount of carbon credits that the Credit
Parties reasonably foresee as necessary for the future operation of the businesses of the Credit
Parties.

5.3 Consolidations and Mergers. No Credit Party shall, and no Credit Party shall
suffer or permit any of its Subsidiaries to, merge, consolidate with or into, or convey, transfer,
lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any
Person, except Permitted Acquisitions and except upon not less than three (3) Business Days prior
written notice to Agent, (a) any Subsidiary of Borrower may merge with, or dissolve or liquidate
into, Borrower or a Wholly-Owned Subsidiary of Borrower which is a Domestic Subsidiary,
provided that Borrower or such Wholly-Owned Subsidiary which is a Domestic Subsidiary shall
be the continuing or surviving entity and all actions required to maintain perfected Liens on the
Stock of the surviving entity and other Collateral in favor of Agent, shall have been completed,
and (b) any Foreign Subsidiary may merge with or dissolve or liquidate into another Foreign
Subsidiary provided if a First Tier Foreign Subsidiary is a constituent entity in such merger,
dissolution or liquidation, either such First Tier Foreign Subsidiary shall be the continuing or
surviving entity or the resulting First Tier Foreign Subsidiary shall comply with the applicable
requirements of Section 4.13(b).

 

38

 

5.4 Loans and Investments. No Credit Party shall and no Credit Party shall suffer or
permit any of its Subsidiaries to (i) purchase or acquire any Stock or Stock Equivalents, or any
obligations or other securities of, or any interest in, any Person, including the establishment or
creation of a Subsidiary, or (ii) make any Acquisitions, or any other acquisition of all or
substantially all of the assets of another Person, or of any business or division of any Person,
including without limitation, by way of merger, consolidation or other combination or (iii) make or
purchase, any advance, loan, extension of credit or capital contribution to or any other investment
in, any Person including Borrower, any Affiliate of Borrower or any Subsidiary
of Borrower (the items described in clauses (i), (ii) and (iii) are referred to as
“Investments”), except for:

(a) Investments in cash and Cash Equivalents;

(b) Investments by any Credit Party in any other Credit Party (including newly created
Subsidiaries permitted and subject to the terms hereunder);

(c) loans and advances to employees of GP or any Credit Party in the Ordinary Course of
Business not to exceed $100,000 in the aggregate at any time outstanding;

(d) Investments received as the non cash portion of consideration received in connection with
transactions permitted pursuant to Section 5.2(b);

(e) Investments acquired in connection with the settlement of delinquent Accounts in the
Ordinary Course of Business or in connection with the bankruptcy or reorganization of suppliers or
customers; and

(f) Investments consisting of non-cash loans made by Partnership to officers, directors and
employees of GP or a Credit Party which are used by such Persons to purchase simultaneously Stock
or Stock Equivalents of Partnership;

(g) Investments existing on the Closing Date and set forth on Schedule 5.4;

(h) Investments comprised of Contingent Obligations expressly permitted by Section 5.9;

(i) Permitted Acquisitions;

(j) Investments made with the proceeds of issuances of the Stock of Partnership or the
consideration for which consists of the issuance by Partnership of Stock in Partnership;

(k) Investments in Joint Ventures; provided, that (i) the aggregate amount of all
investments made under this clause (k) shall not exceed $1,000,000 at any time, (ii) no Default or
an Event of Default has occurred and is continuing or would result from any such investment, (iii)
neither the Credit Parties nor any of their Subsidiaries shall guarantee any Indebtedness of such
Joint Venture, and (iv) the applicable Credit Party shall deliver, not less than five (5) Business
Days prior to the proposed formation of such Joint Venture, a completed and executed Joint Venture
Certificate for such proposed investment;

(l) other Investments in an outstanding aggregate amount at any time not exceeding $1,000,000.

 

39

 

5.5 Limitation on Indebtedness. No Credit Party shall, and no Credit Party shall
suffer or permit any of its Subsidiaries to, create, incur, assume, permit to exist, or otherwise
become or remain directly or indirectly liable with respect to, any Indebtedness, except:

(a) the Obligations;

(b) [Reserved]

(c) Indebtedness existing on the Closing Date and set forth in Schedule 5.5 including
Permitted Refinancings thereof;

(d) Indebtedness not to exceed $5,000,000 in the aggregate at any time outstanding, consisting
of Capital Lease Obligations or secured by Liens permitted by Section 5.1(h) and Permitted
Refinancings thereof;

(e) unsecured intercompany Indebtedness permitted pursuant to Section 5.4(b);

(f) Subordinated Indebtedness;

(g) any Indebtedness of Borrower or any Subsidiary that is assumed to finance the cost of
Permitted Acquisitions to the extent all such Indebtedness at any one time outstanding does not
exceed $1,000,000;

(h) Guarantees of any Credit Party in respect of Indebtedness otherwise permitted hereunder of
any Credit Party;

(i) any Indebtedness arising from judgments or decrees not deemed to be a Default or Event of
Default under Section 7.1(h);

(j) unsecured Indebtedness in respect of loans from a Governmental Authority in connection
with economic development or incentive or alternative energy programs in an aggregate principal
amount not in excess of $2,500,000 at any time outstanding; and

(k) other Indebtedness not exceeding in the aggregate at any time outstanding $1,000,000.

5.6 Transactions with Affiliates. No Credit Party shall, and no Credit Party shall
suffer or permit any of its Subsidiaries to, enter into any transaction with any Affiliate of
Borrower or of any such Subsidiary, except:

(a) as expressly permitted by this Agreement; or

(b) pursuant to the reasonable requirements of the business of such Credit Party or such
Subsidiary upon fair and reasonable terms no less favorable to such Credit Party or such Subsidiary
than would be obtained in a comparable arm’s length transaction with a Person not an Affiliate of
Borrower or such Subsidiary and, to the extent any such transaction involves an amount in excess of
$2,000,000, the terms of which are disclosed in writing to Agent; provided that the foregoing
restriction shall not apply to transactions between or among Credit Parties or transactions
described in “Certain Relationships and Related Party Transactions” in the Registration Statement.

 

40

 

5.7 Fees and Compensation. No Credit Party shall, and no Credit Party shall permit
any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any
Credit Party or to any officer, director or employee of GP, any Credit Party or any Affiliate of
any Credit Party except:

(a) payment of reasonable compensation to officers and employees for actual services rendered
to the Credit Parties and their Subsidiaries;

(b) transactions permitted by Section 5.6; and

(c) Partnership may reimburse expenses to GP and pay fees to GP in accordance with Section
7.4 of the Partnership Agreement (as in effect on the Closing Date).

5.8 Use of Proceeds. No Credit Party shall, and no Credit Party shall suffer or
permit any of its Subsidiaries to, use any portion of the Loan proceeds, directly or indirectly, to
purchase or carry Margin Stock or repay or otherwise refinance Indebtedness of any Credit Party or
others incurred to purchase or carry Margin Stock, or otherwise in any manner which is in
contravention of any Requirement of Law or in violation of this Agreement.

5.9 Contingent Obligations. No Credit Party shall, and no Credit Party shall suffer
or permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Contingent
Obligations except in respect of the Obligations and except:

(a) endorsements for collection or deposit in the Ordinary Course of Business;

(b) Rate Contracts entered into in the Ordinary Course of Business for bona fide hedging
purposes and not for speculation with Agent’s prior written consent;

(c) Contingent Obligations of the Credit Parties and their Subsidiaries existing as of the
Closing Date and listed in Schedule 5.9, including extension and renewals thereof which do
not increase the amount of such Contingent Obligations or impose materially more restrictive or
adverse terms on the Credit Parties or their Subsidiaries as compared to the terms of the
Contingent Obligation being renewed or extended;

(d) Contingent Obligations arising under indemnity agreements to title insurers to cause such
title insurers to issue to Agent title insurance policies;

(e) Contingent Obligations arising with respect to customary indemnification obligations in
favor of sellers in connection with Acquisitions permitted hereunder and (ii) purchasers in
connection with dispositions permitted under Section 5.2(b);

(f) Contingent Obligations arising under Letters of Credit;

(g) Contingent Obligations arising under guarantees of obligations of any Credit Party (other
than Partnership), which obligations are otherwise permitted hereunder; provided that if
such obligation is subordinated to the Obligations, such guarantee shall be subordinated to the
same extent;

 

41

 

(h) Contingent Obligations incurred in the Ordinary Course of Business with respect to surety
and appeals bonds, performance bonds and other similar obligations;

(i) Contingent Obligations of Borrower incurred under Commodity Agreements or forward purchase
contracts (i) with respect to natural gas to be delivered to the Borrower for use in the ordinary
course of production within 60 days from the effective date of the applicable Commodity Agreements
or forward purchase contracts, and (ii) in an amount not to exceed the greater of (x) Commodity
Agreements or forward purchase contracts with respect to production to match prepaid sales of
fertilizer products, and (y) Commodity Agreements or forward purchase contracts in value of up to
$25,000,000 in the aggregate at any time outstanding for all such Commodity Agreements or forward
purchase contracts with respect to the volumes to satisfy up to 67% of maximum production capacity
for a 4-month period and with respect to the delivery of natural gas to Borrower within the
following 7-month period, in each case incurred by the Borrower in the Ordinary Course of Business;

(j) other Contingent Obligations not exceeding $1,000,000 in the aggregate at any time
outstanding.

5.10 [Reserved]

5.11 Restricted Payments. No Credit Party shall, and no Credit Party shall suffer or
permit any of its Subsidiaries to, (i) declare or make any dividend payment or other distribution
of assets, properties, cash, rights, obligations or securities on account of any Stock or Stock
Equivalent, (ii) purchase, redeem or otherwise acquire for value any Stock or Stock Equivalent now
or hereafter outstanding or (iii) make any payment or prepayment of principal of, premium, if any,
interest, fees, redemption, exchange, purchase, retirement, defeasance, sinking fund or similar
payment with respect to, Subordinated Indebtedness other than regularly scheduled payments of
interest (the items described in clauses (i), (ii) and (iii) above are referred to as
“Restricted Payments”); except that any Subsidiary of Borrower may declare and pay
dividends to Borrower or any Subsidiary of Borrower ratably, and except that:

(a) Partnership may declare and make (i) dividend payments or other distributions payable
solely in its Stock or Stock Equivalents, and (ii) distributions permitted under Section 6.3 of the
Partnership Agreement;

(b) Partnership may purchase, redeem or otherwise acquire Stock issued by it with the proceeds
received from the substantially concurrent issue of new Stock;

(c) Partnership may repurchase its Stock or accept surrender of such Stock in lieu of cash
payment in connection with the administration of the Long Term Incentive Plan as defined in the
Partnership Agreement, including (i) in connection with the cashless exercise of awards under such
plan, (ii) the repurchase of restricted units from employees, directors and other recipients under
such plan at nominal values, and (iii) the repurchase of Stock or surrender of Stock in lieu of
cash payment by employees, directors and other such recipients to satisfy federal, state or local
tax withholding obligations of such employees, directors and other recipients with respect to
income in connection with options, unit grants, phantom units or other awards made under such plan;
provided, that in the

 

42

 

case
of each such repurchase under  clause (ii), (A) no Default or Event of Default has occurred and is continuing or would arise as a
result of such repurchase; and (B) Borrower has delivered to Agent, as of the date of any such
repurchase, a certificate in which Borrower represents that Borrower is in compliance with the
terms of this Agreement including compliance on a pro forma basis with the covenants set forth in
Article VI as of the date of such repurchase.

(d) Partnership may repurchase the Stock of Ineligible Holders (as defined in the Partnership
Agreement) pursuant to Section 4.9 of the Partnership Agreement;

(e) Partnership may redeem its Stock on or within 30 days of the Closing Date pursuant to
Section 4.10 of the Partnership Agreement (as in effect on the Closing Date).

(f) Borrower may make dividends or distributions to Partnership so long as: (i) no Default or
Event of Default has occurred and is continuing or would arise as a result of such dividend or
distribution; and (ii) Borrower has delivered to Agent, as of the date of any such dividend or
distribution, a certificate in which Borrower represents that Borrower is in compliance with the
terms of this Agreement including compliance on a pro forma basis with the covenants set forth in
Article VI as of the date of such dividend or distribution.

5.12 Change in Business. No Credit Party shall, and no Credit Party shall permit any
of its Subsidiaries to, engage in any line of business substantially different from those lines of
business carried on by it on the Closing Date or those reasonably incidental or related thereto.
Partnership shall not engage in any business activities or own any Property other than (i)
ownership of the Stock and Stock Equivalents of Borrower, (ii) activities incidental to maintenance
of its corporate existence, and (iii) the entering into and performance of its obligations under
the Loan Documents to which it is a party. GP shall not engage in any business activities or own
any Property other than activities or Property relating to acting as general partner of Partnership
in accordance with Section 7.5 of the Partnership Agreement and being the employer of employees of
GP or services to be provided, in each case, for the benefit of Borrower. RNHI shall not own any
Property other than ownership of the Stock and Stock Equivalents of Partnership and GP.

5.13 Change in Structure. Except as expressly permitted under Section 5.3, no Credit
Party shall, and no Credit Party shall permit any of its Subsidiaries to, amend (a) any of its
Organization Documents, except to the extent that, such amendment (i) does not violate the terms
and conditions of this Agreement or any of the other Loan Documents and (ii) could not reasonably
be expected to have an material adverse effect on Agent, the Lenders, the L/C Issuers, or any Loan
Parties. Notwithstanding anything to the contrary in this Agreement, no Credit Party shall amend
(x) Sections 4.10 and 6.3 of the Partnership Agreement without the prior written consent of Agent,
or (y) Section 7.4 of the Partnership Agreement except to the extent that such amendment is not
adverse to Agent or any Lender in any respect.

5.14 Changes in Accounting, Name and Jurisdiction of Organization. No Credit Party
shall, and no Credit Party shall suffer or permit any of its Subsidiaries to, (i) make any
significant change in accounting treatment or reporting practices, except as required by GAAP, (ii)
change the Fiscal Year or method for determining Fiscal Quarters of any Credit Party or of any
consolidated Subsidiary

 

43

 

of any
Credit Party; provided, that, on or before March 31, 2012, the Credit Parties may change their Fiscal Year such that the annual accounting period
of the Credit Parties shall end on December 31 of each year, (iii) change its name as it appears in
official filings in its jurisdiction of organization or (iv) change its jurisdiction of
organization, in the case of clauses (iii) and (iv), without at least five (5) Business Days’ prior
written notice to Agent and the acknowledgement of Agent that all actions required by Agent,
including those to continue the perfection of its Liens, have been completed.

5.15 Amendments to Related Agreements and Subordinated Indebtedness. No Credit Party
shall and no Credit Party shall permit any of its Subsidiaries, to (i) amend, supplement, waive or
otherwise modify any provision of any Related Agreement in a manner materially adverse to Agent or
Lenders or which would reasonably be expected to have a Material Adverse Effect, or (ii) take or
fail to take any action under any Related Agreement that would reasonably be expected to have a
Material Adverse Effect.

5.16 No Negative Pledges. No Credit Party shall, and no Credit Party shall permit any
of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or
become effective any consensual restriction or encumbrance of any kind on the ability of any Credit
Party (other than Partnership) or Subsidiary to pay dividends or make any other distribution on any
of such Credit Party’s or Subsidiary’s Stock or Stock Equivalents or to pay fees, including
management fees, or make other payments and distributions to Borrower or any other Credit Party.
No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, directly or
indirectly, enter into, assume or become subject to any Contractual Obligation prohibiting or
otherwise restricting the existence of any Lien upon any of its assets in favor of Agent to secure
the Obligations, whether now owned or hereafter acquired. The foregoing shall not apply to (A)
restrictions and conditions imposed by law or by any Loan Document, (B) customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided
such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder, (C) restrictions and conditions imposed on any Foreign Subsidiary by the terms
of any Indebtedness of such Foreign Subsidiary permitted to be incurred hereunder, (D) restrictions
and conditions imposed on the ability of any Loan Party to create, incur or permit to exist any
Lien on any carbon credits or similar allowances of such Loan Party by any agreement with a third
party that is not an Affiliate of Parent Holdings, Borrower or the Subsidiaries, (E) customary
provisions in joint venture agreements and other similar agreements that restrict the assignment or
other transfer of any interest in joint ventures; (F) restrictions or conditions imposed by any
agreement relating to secured Indebtedness permitted by Sections 5.1(h), 5.1(i), 5.1(q) and 5.1(r)
if such restrictions or conditions apply only to the property or assets securing such Indebtedness,
and (G) customary provisions in leases and other contracts restricting the assignment thereof.

(a) Borrower shall not issue any Stock or Stock Equivalents (i) if such issuance would result
in an Event of Default under subsection 7.1(k) and (ii) unless such Stock and Stock Equivalents are
pledged to Agent, for the benefit of the Secured Parties, as security for the Obligations, on
substantially the same terms and conditions as the Stock and Stock Equivalents of Borrower owned by
Partnership are pledged to Agent as of the Closing Date.

 

44

 

5.17 OFAC; Patriot Act. No Credit Party shall, and no Credit Party shall permit any
of its Subsidiaries to fail to comply with the laws, regulations and executive orders referred to
in Section 3.27 and Section 3.28.

5.18 Sale-Leasebacks. Except for Permitted Sale/Leaseback Transactions, no Credit
Party shall, and no Credit Party shall permit any of its Subsidiaries to, engage in a sale
leaseback, synthetic lease or similar transaction involving any of its assets, including its Real
Estate.

5.19 Hazardous Materials. No Credit Party shall, and no Credit Party shall permit any
of its Subsidiaries to, cause or suffer to exist any Release of any Hazardous Material at, to or
from any Real Estate that would violate any Environmental Law, form the basis for any Environmental
Liabilities or otherwise adversely affect the value or marketability of any Real Estate (whether or
not owned by any Credit Party or any Subsidiary of any Credit Party), other than such violations,
Environmental Liabilities and effects that would not, in the aggregate, reasonably be expected to
have a Material Adverse Effect.

ARTICLE VI -

FINANCIAL COVENANTS

Each Credit Party covenants and agrees that, so long as any Lender shall have any Commitment
hereunder, or any Loan or other Obligation (other than contingent indemnification Obligations to
the extent no claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied:

6.1 Fixed Charge Coverage Ratio. The Credit Parties shall not permit the Fixed Charge
Coverage Ratio to be less than 1.0 to 1.0 as of the end of each Fiscal Quarter for the twelve-month
period then ended. “Fixed Charge Coverage Ratio” shall be calculated in the manner set
forth in Exhibit 4.2(b).

6.2 Minimum EBITDA. The Credit Parties shall not permit EBITDA to be less than
$30,000,000 as of the end of each Fiscal Quarter for the twelve-month period then ended.
“EBITDA” shall be calculated in the manner set forth in Exhibit 4.2(b).

6.3 Clean Down Period. During a Clean Down Period, Borrower shall repay the Revolving
Loans so that the aggregate outstanding amount of the Revolving Loans are reduced to $0 (other than
the outstanding Letter of Credit Obligations), with all liabilities of Borrower being paid
currently (except for those liabilities being contested in good faith and for which adequate
reserves are maintained on the books of Borrower in accordance with GAAP), and Borrower shall be
required to comply with clauses (a) and (b) above for two Clean Down Periods during each Fiscal
Year. Borrower shall designate two Clean Down Periods during each Fiscal Year by delivering to
Agent prior written notice of its election to initiate the Clean Down Period; provided,
that there shall be an interval of no less than four months between any two Clean Down Periods.

 

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ARTICLE VII -

EVENTS OF DEFAULT

7.1 Event of Default. Any of the following shall constitute an “Event of
Default”:

(a) Non-Payment. Any Credit Party fails (i) to pay when and as required to be paid
herein, any amount of principal of any Loan, including after maturity of the Loans, or to pay any
L/C Reimbursement Obligation or (ii) to pay within three (3) Business Days after the same shall
become due, interest on any Loan, any fee or any other amount payable hereunder or pursuant to any
other Loan Document; or

(b) Representation or Warranty. Any representation, warranty or certification by or
on behalf of any Credit Party or any of its Subsidiaries made or deemed made herein, in any other
Loan Document, or which is contained in any certificate, document or financial or other statement
by any such Person, or their respective Responsible Officers, furnished at any time under this
Agreement, or in or under any other Loan Document, shall prove to have been incorrect in any
material respect (without duplication of other materiality qualifiers contained therein) on or as
of the date made or deemed made; or

(c) Specific Defaults. Any Credit Party fails to perform or observe any term,
covenant or agreement contained in any of Sections 4.1, 4.2(a), 4.2(b), 4.3(a), 4.6, 4.9, 4.10 or
9.10(d), Article V or Article VI hereof or the Fee Letter; or

(d) Other Defaults. Any Credit Party or Subsidiary of any Credit Party fails to
perform or observe any other term, covenant or agreement contained in this Agreement or any other
Loan Document, and such default shall continue unremedied for a period of thirty (30) days after
the earlier to occur of (i) the date upon which a Responsible Officer of any Credit Party becomes
aware of such default and (ii) the date upon which written notice thereof is given to Borrower by
Agent or Required Lenders; or

(e) Cross Default. Any Credit Party or any Subsidiary of any Credit Party (i) fails
to make any payment in respect of any Indebtedness (other than the Obligations) or Contingent
Obligation (other than the Obligations) having an aggregate principal amount (including undrawn
committed or available amounts and including amounts owing to all creditors under any combined or
syndicated credit arrangement) of more than $3,000,000 when due (whether by scheduled maturity,
required prepayment, acceleration, demand, or otherwise) and such failure continues after the
applicable grace or notice period, if any, specified in the document relating thereto on the date
of such failure; or (ii) fails to perform or observe any other condition or covenant, or any other
event shall occur or condition exist, under any agreement or instrument relating to any such
Indebtedness or Contingent Obligation (other than Contingent Obligations owing by one Credit Party
with respect to the obligations of another Credit Party permitted hereunder or earnouts permitted
hereunder), if the effect of such failure, event or condition is to cause, or to permit the holder
or holders of such Indebtedness or beneficiary or beneficiaries of such Indebtedness (or a trustee
or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause such
Indebtedness to be declared to be due and payable
prior to its stated maturity (without regard to any subordination terms with respect thereto),
or such Contingent Obligation to become payable or cash collateral in respect thereof to be
demanded; or

 

46

 

(f) Insolvency; Voluntary Proceedings. Any Credit Party or any Subsidiary of any
Credit Party: (i) generally fails to pay, or admits in writing its inability to pay, its debts as
they become due, subject to applicable grace periods, if any, whether at stated maturity or
otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences
any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or
authorize any of the foregoing; or

(g) Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced
or filed against any Credit Party or any Subsidiary of any Credit Party, or any writ, judgment,
warrant of attachment, execution or similar process, is issued or levied against a substantial part
of any such Person’s Properties, and any such proceeding or petition shall not be dismissed, or
such writ, judgment, warrant of attachment, execution or similar process shall not be released,
vacated or fully bonded within sixty (60) days after commencement, filing or levy; (ii) any Credit
Party or any Subsidiary of any Credit Party admits the material allegations of a petition against
it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is
ordered in any Insolvency Proceeding; or (iii) any Credit Party or any Subsidiary of any Credit
Party acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator,
mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial
portion of its Property or business; or

(h) Monetary Judgments. One or more judgments, non-interlocutory orders, decrees or
arbitration awards shall be entered against any one or more of the Credit Parties or any of their
respective Subsidiaries involving in the aggregate a liability of $5,000,000 or more (excluding
amounts covered by insurance to the extent the relevant independent third-party insurer has not
denied coverage therefor), and the same shall remain unsatisfied, unvacated and unstayed pending
appeal for a period of thirty (30) days after the entry thereof; or

(i) Non Monetary Judgments. One or more non-monetary judgments, orders or decrees
shall be rendered against any one or more of the Credit Parties or any of their respective
Subsidiaries which has or would reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect, and there shall be any period of ten (10) consecutive days
during which a stay of enforcement of such judgment or order, by reason of a pending appeal or
otherwise, shall not be in effect; or

(j) Collateral. Any material provision of any Loan Document shall for any reason
cease to be valid and binding on or enforceable against any Credit Party or any Subsidiary of any
Credit Party party thereto or any Credit Party or any Subsidiary of any Credit Party shall so state
in writing or bring an action to limit its obligations or liabilities thereunder; or any Collateral
Document shall for any reason (other than pursuant to the terms thereof) cease to create a valid
security interest in the Collateral purported to be covered thereby or such security interest shall
for any reason (other than the failure of Agent to take any action within its control) cease to be
a perfected and first priority security interest subject only to Permitted Liens; or

 

47

 

(k) Ownership. Partnership shall cease to own one hundred percent (100%) of the
issued and outstanding Stock and Stock Equivalents of Borrower, free and clear of all Liens,
rights, options, warrants or other similar agreements or understandings, other than Liens in favor
of Agent, for the benefit of the Secured Parties; or

(l) Change of Control. The majority of the board of directors of RNHI or GP shall
cease to consist of directors appointed by Rentech; or

(m) Compliance with ERISA. Either (i) any ERISA Affiliate shall cause or suffer to
exist (A) any event that could result in the imposition of a Lien on any asset of a Credit Party or
a Subsidiary of a Credit Party with respect to any Title IV Plan or Multiemployer Plan or (B) any
other ERISA Event, that would in the case of clauses (A) or (B), in the aggregate, have a Material
Adverse Effect, or (ii) any Credit Party shall cause or suffer to exist any event that could result
in the imposition of a Lien with respect to any Benefit Plan, which, in the reasonable judgment of
Agent, could reasonably be expected to have a Material Adverse Effect.

7.2 Remedies. Upon the occurrence and during the continuance of any Event of Default,
Agent may, and shall at the request of the Required Lenders:

(a) declare all or any portion of the Commitment of each Lender to make Loans or of the L/C
Issuer to issue Letters of Credit to be suspended or terminated, whereupon such Commitments shall
forthwith be suspended or terminated;

(b) declare all or any portion of the unpaid principal amount of all outstanding Loans, all
interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any
other Loan Document to be immediately due and payable; without presentment, demand, protest or
other notice of any kind, all of which are hereby expressly waived by each Credit Party; and/or

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

provided, however, that upon the occurrence of any event specified in Sections
7.1(f) or 7.1(g) above (in the case of Section 7.1(g)(i) upon the expiration of the sixty (60) day
period mentioned therein), the obligation of each Lender to make Loans and the obligation of the
L/C Issuer to issue Letters of Credit shall automatically terminate and the unpaid principal amount
of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become
due and payable without further act of Agent, any Lender or the L/C Issuer.

7.3 Rights Not Exclusive. The rights provided for in this Agreement and the other
Loan Documents are cumulative and are not exclusive of any other rights, powers, privileges or
remedies provided by law or in equity, or under any other instrument, document or agreement now
existing or hereafter arising.

 

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7.4 Cash Collateral for Letters of Credit. If an Event of Default has occurred and is
continuing, this Agreement (or the Revolving Loan Commitment) shall be terminated for any reason or
if otherwise required by the terms hereof, Agent may, and upon request of Required Lenders, shall,
demand (which demand shall be deemed to have been delivered
automatically upon any acceleration of the Loans and other obligations hereunder pursuant to
Section 7.2), and Borrower shall thereupon deliver to Agent, to be held for the benefit of the L/C
Issuer, Agent and the Lenders entitled thereto, an amount of cash equal to 105% of the amount of
Letter of Credit Obligations as additional collateral security for Obligations in respect of any
outstanding Letter of Credit. Agent may at any time apply any or all of such cash and cash
collateral to the payment of any or all of the Credit Parties’ Obligations in respect of any
Letters of Credit. Pending such application, Agent may (but shall not be obligated to) invest the
same in an interest bearing account in Agent’s name, for the benefit of the L/C Issuer, Agent and
the Lenders entitled thereto, under which deposits are available for immediate withdrawal, at such
bank or financial institution as the L/C Issuer and Agent may, in their discretion, select.

ARTICLE VIII -

AGENT

8.1 Appointment and Duties.

(a) Appointment of Agent. Each Lender and each L/C Issuer hereby appoints GE Capital
(together with any successor Agent pursuant to Section 8.9) as Agent hereunder and authorizes Agent
to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from any
Credit Party, (ii) take such action on its behalf and to exercise all rights, powers and remedies
and perform the duties as are expressly delegated to Agent under such Loan Documents and (iii)
exercise such powers as are reasonably incidental thereto.

(b) Duties as Collateral and Disbursing Agent. Without limiting the generality of
clause (a) above, Agent shall have the sole and exclusive right and authority (to the exclusion of
the Lenders and L/C Issuers), and is hereby authorized, to (i) act as the disbursing and collecting
agent for the Lenders and the L/C Issuers with respect to all payments and collections arising in
connection with the Loan Documents (including in any proceeding described in Sections 7.1(f) or
7.1(g) or any other bankruptcy, insolvency or similar proceeding), and each Person making any
payment in connection with any Loan Document to any Secured Party is hereby authorized to make such
payment to Agent, (ii) file and prove claims and file other documents necessary or desirable to
allow the claims of the Secured Parties with respect to any Obligation in any proceeding described
in Section 7.1(f) or 7.1(g) or any other bankruptcy, insolvency or similar proceeding (but not to
vote, consent or otherwise act on behalf of such Person), (iii) act as collateral agent for each
Secured Party for purposes of the perfection of all Liens created by such agreements and all other
purposes stated therein, (iv) manage, supervise and otherwise deal with the Collateral, (v) take
such other action as is necessary or desirable to maintain the perfection and priority of the Liens
created or purported to be created by the Loan Documents, (vi) except as may be otherwise specified
in any Loan Document, exercise all remedies given to Agent and the other Secured Parties with
respect to the Credit Parties and/or the Collateral, whether under the Loan Documents, applicable
Requirements of Law or otherwise and (vii) execute any amendment, consent or waiver under the Loan
Documents on behalf of any Lender that has consented in writing to such amendment, consent or
waiver; provided, however, that Agent hereby appoints, authorizes and directs each Lender and L/C
Issuer to act as collateral sub-agent for Agent, the Lenders and the L/C Issuers for purposes of
the perfection of all Liens with respect to the Collateral, including any deposit account
maintained by a Credit Party with,
and cash and Cash Equivalents held by, such Lender or L/C Issuer, and may further authorize
and direct the Lenders and the L/C Issuers to take further actions as collateral sub-agents for
purposes of enforcing such Liens or otherwise to transfer the Collateral subject thereto to Agent,
and each Lender and L/C Issuer hereby agrees to take such further actions to the extent, and only
to the extent, so authorized and directed.

 

49

 

(c) Limited Duties. Under the Loan Documents, Agent (i) is acting solely on behalf of
the Lenders and the L/C Issuers (except to the limited extent provided in Section 1.4(b) with
respect to the Register), with duties that are entirely administrative in nature, notwithstanding
the use of the defined term “Agent”, the terms “agent”, “Agent” and “collateral agent” and similar
terms in any Loan Document to refer to Agent, which terms are used for title purposes only, (ii)
is not assuming any obligation under any Loan Document other than as expressly set forth therein or
any role as agent, fiduciary or trustee of or for any Lender, L/C Issuer or any other Person and
(iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities
under any Loan Document, and each Secured Party, by accepting the benefits of the Loan Documents,
hereby waives and agrees not to assert any claim against Agent based on the roles, duties and legal
relationships expressly disclaimed in clauses (i) through (iii) above.

8.2 Binding Effect. Each Secured Party, by accepting the benefits of the Loan
Documents, agrees that (i) any action taken by Agent or the Required Lenders (or, if expressly
required hereby, a greater proportion of the Lenders) in accordance with the provisions of the Loan
Documents, (ii) any action taken by Agent in reliance upon the instructions of Required Lenders
(or, where so required, such greater proportion) and (iii) the exercise by Agent or the Required
Lenders (or, where so required, such greater proportion) of the powers set forth herein or therein,
together with such other powers as are reasonably incidental thereto, shall be authorized and
binding upon all of the Secured Parties.

8.3 Use of Discretion.

(a) No Action without Instructions. Agent shall not be required to exercise any
discretion or take, or to omit to take, any action, including with respect to enforcement or
collection, except any action it is required to take or omit to take (i) under any Loan Document or
(ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms
of this Agreement, a greater proportion of the Lenders).

(b) Right Not to Follow Certain Instructions. Notwithstanding clause (a) above, Agent
shall not be required to take, or to omit to take, any action (i) unless, upon demand, Agent
receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and
acceptable to Agent, any other Person) against all Liabilities that, by reason of such action or
omission, may be imposed on, incurred by or asserted against Agent or any Related Person thereof or
(ii) that is, in the opinion of Agent or its counsel, contrary to any Loan Document or applicable
Requirement of Law.

 

50

 

(c) Exclusive Right to Enforce Rights and Remedies. Notwithstanding anything to the
contrary contained herein or in any other Loan Document, the authority to enforce rights and
remedies hereunder and under the other Loan Documents against the Credit
Parties or any of them shall be vested exclusively in, and all actions and proceedings at law
in connection with such enforcement shall be instituted and maintained exclusively by, the Agent in
accordance with the Loan Documents for the benefit of all the Lenders and the L/C Issuer; provided
that the foregoing shall not prohibit (a) the Agent from exercising on its own behalf the rights
and remedies that inure to its benefit (solely in its capacity as Agent) hereunder and under the
other Loan Documents, (b) each of the L/C Issuers from exercising the rights and remedies that
inure to its benefit (solely in its capacity as L/C Issuer) hereunder and under the other Loan
Documents, (c) any Lender from exercising setoff rights in accordance with Section 9.11 or (d) any
Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the
pendency of a proceeding relative to any Credit Party under any bankruptcy or other debtor relief
law; and provided further that if at any time there is no Person acting as Agent hereunder and
under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise
ascribed to the Agent pursuant to Section 7.2 and (ii) in addition to the matters set forth in
clauses (b), (c) and (d) of the preceding proviso and subject to Section 9.11, any Lender may, with
the consent of the Required Lenders, enforce any rights and remedies available to it and as
authorized by the Required Lenders.

8.4 Delegation of Rights and Duties. Agent may, upon any term or condition it
specifies, delegate or exercise any of its rights, powers and remedies under, and delegate or
perform any of its duties or any other action with respect to, any Loan Document by or through any
trustee, co-agent, employee, attorney-in-fact and any other Person (including any Secured Party).
Any such Person shall benefit from this Article VIII to the extent provided by Agent.

8.5 Reliance and Liability.

(a) Agent may, without incurring any liability hereunder, (i) treat the payee of any Note as
its holder until such Note has been assigned in accordance with Section 9.9, (ii) rely on the
Register to the extent set forth in Section 1.4, (iii) consult with any of its Related Persons and,
whether or not selected by it, any other advisors, accountants and other experts (including
advisors to, and accountants and experts engaged by, any Credit Party) and (iv) rely and act upon
any document and information (including those transmitted by Electronic Transmission) and any
telephone message or conversation, in each case believed by it to be genuine and transmitted,
signed or otherwise authenticated by the appropriate parties.

(b) None of Agent and its Related Persons shall be liable for any action taken or omitted to
be taken by any of them under or in connection with any Loan Document, and each Secured Party,
Partnership, Borrower and each other Credit Party hereby waive and shall not assert (and each of
Partnership and Borrower shall cause each other Credit Party to waive and agree not to assert) any
right, claim or cause of action based thereon, except to the extent of liabilities resulting
primarily from the gross negligence or willful misconduct of Agent or, as the case may be, such
Related Person (each as determined in a final, non-appealable judgment by a court of competent
jurisdiction) in connection with the duties expressly set forth herein. Without limiting the
foregoing, Agent:

(i) shall not be responsible or otherwise incur liability for any action or omission
taken in reliance upon the instructions of the Required Lenders or for the
actions or omissions of any of its Related Persons selected with reasonable care (other
than employees, officers and directors of Agent, when acting on behalf of Agent);

 

51

 

(ii) shall not be responsible to any Lender, L/C Issuer or other Person for the due
execution, legality, validity, enforceability, effectiveness, genuineness, sufficiency or
value of, or the attachment, perfection or priority of any Lien created or purported to be
created under or in connection with, any Loan Document;

(iii) makes no warranty or representation, and shall not be responsible, to any Lender,
L/C Issuer or other Person for any statement, document, information, representation or
warranty made or furnished by or on behalf of any Credit Party or any Related Person of any
Credit Party in connection with any Loan Document or any transaction contemplated therein or
any other document or information with respect to any Credit Party, whether or not
transmitted or (except for documents expressly required under any Loan Document to be
transmitted to the Lenders) omitted to be transmitted by Agent, including as to
completeness, accuracy, scope or adequacy thereof, or for the scope, nature or results of
any due diligence performed by Agent in connection with the Loan Documents; and

(iv) shall not have any duty to ascertain or to inquire as to the performance or
observance of any provision of any Loan Document, whether any condition set forth in any
Loan Document is satisfied or waived, as to the financial condition of any Credit Party or
as to the existence or continuation or possible occurrence or continuation of any Default or
Event of Default and shall not be deemed to have notice or knowledge of such occurrence or
continuation unless it has received a notice from Borrower, any Lender or L/C Issuer
describing such Default or Event of Default clearly labeled “notice of default” (in which
case Agent shall promptly give notice of such receipt to all Lenders);

and, for each of the items set forth in clauses (i) through (iv) above, each Lender, L/C Issuer,
Partnership and Borrower hereby waives and agrees not to assert (and each of Partnership and
Borrower shall cause each other Credit Party to waive and agree not to assert) any right, claim or
cause of action it might have against Agent based thereon.

8.6 Agent Individually. Agent and its Affiliates may make loans and other extensions
of credit to, acquire Stock and Stock Equivalents of, engage in any kind of business with, any
Credit Party or Affiliate thereof as though it were not acting as Agent and may receive separate
fees and other payments therefor. To the extent Agent or any of its Affiliates makes any Loan or
otherwise becomes a Lender hereunder, it shall have and may exercise the same rights and powers
hereunder and shall be subject to the same obligations and liabilities as any other Lender and the
terms “Lender”, “Revolving Lender”, “Required Lender” and any similar terms shall, except where
otherwise expressly provided in any Loan Document, include, without limitation, Agent or such
Affiliate, as the case may be, in its individual capacity as Lender, Revolving Lender or as one of
the Required Lenders, respectively.

 

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8.7 Lender Credit Decision.

(a) Each Lender and each L/C Issuer acknowledges that it shall, independently and without
reliance upon Agent, any Lender or L/C Issuer or any of their Related Persons or upon any document
(including any offering and disclosure materials in connection with the syndication of the Loans)
solely or in part because such document was transmitted by Agent or any of its Related Persons,
conduct its own independent investigation of the financial condition and affairs of each Credit
Party and make and continue to make its own credit decisions in connection with entering into, and
taking or not taking any action under, any Loan Document or with respect to any transaction
contemplated in any Loan Document, in each case based on such documents and information as it shall
deem appropriate. Except for documents expressly required by any Loan Document to be transmitted
by Agent to the Lenders or L/C Issuers, Agent shall not have any duty or responsibility to provide
any Lender or L/C Issuer with any credit or other information concerning the business, prospects,
operations, property, financial and other condition or creditworthiness of any Credit Party or any
Affiliate of any Credit Party that may come in to the possession of Agent or any of its Related
Persons.

(b) If any Lender or L/C Issuer has elected to abstain from receiving MNPI concerning the
Credit Parties or their Affiliates, such Lender or L/C Issuer acknowledges that, notwithstanding
such election, Agent and/or the Credit Parties will, from time to time, make available
syndicate-information (which may contain MNPI) as required by the terms of, or in the course of
administering the Loans to the credit contact(s) identified for receipt of such information on the
Lender’s administrative questionnaire who are able to receive and use all syndicate-level
information (which may contain MNPI) in accordance with such Lender’s compliance policies and
contractual obligations and applicable law, including federal and state securities laws; provided,
that if such contact is not so identified in such questionnaire, the relevant Lender or L/C Issuer
hereby agrees to promptly (and in any event within one (1) Business Day) provide such a contact to
Agent and the Credit Parties upon request therefor by Agent or the Credit Parties. Notwithstanding
such Lender’s or L/C Issuer’s election to abstain from receiving MNPI, such Lender or L/C Issuer
acknowledges that if such Lender or L/C Issuer chooses to communicate with Agent, it assumes the
risk of receiving MNPI concerning the Credit Parties or their Affiliates.

8.8 Expenses; Indemnities.

(a) Each Lender agrees to reimburse Agent and each of its Related Persons (to the extent not
reimbursed by any Credit Party) promptly upon demand, severally and ratably, for any costs and
expenses (including fees, charges and disbursements of financial, legal and other advisors and
Other Taxes paid in the name of, or on behalf of, any Credit Party) that may be incurred by Agent
or any of its Related Persons in connection with the preparation, syndication, execution, delivery,
administration, modification, consent, waiver or enforcement (whether through negotiations, through
any work-out, bankruptcy, restructuring or other legal or other proceeding or otherwise) of, or
legal advice in respect of its rights or responsibilities under, any Loan Document.

 

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(b) Each Lender further agrees to indemnify Agent and each of its Related Persons (to the
extent not reimbursed by any Credit Party), severally and ratably, from and
against Liabilities (including taxes, interests and penalties imposed for not properly
withholding or backup withholding on payments made to or for the account of any Lender) that may be
imposed on, incurred by or asserted against Agent or any of its Related Persons in any matter
relating to or arising out of, in connection with or as a result of any Loan Document, any Related
Agreement or any other act, event or transaction related, contemplated in or attendant to any such
document, or, in each case, any action taken or omitted to be taken by Agent or any of its Related
Persons under or with respect to any of the foregoing; provided, however, that no Lender shall be
liable to Agent or any of its Related Persons to the extent such liability has resulted primarily
from the gross negligence or willful misconduct of Agent or, as the case may be, such Related
Person, as determined by a court of competent jurisdiction in a final non-appealable judgment or
order.

(c) To the extent required by any applicable law, Agent may withhold from any payment to any
Lender under a Loan Document an amount equal to any applicable withholding tax. If the Internal
Revenue Service or any other Governmental Authority asserts a claim that Agent did not properly
withhold tax from amounts paid to or for the account of any Lender (because the appropriate
certification form was not delivered, was not properly executed, or fails to establish an exemption
from, or reduction of, withholding tax with respect to a particular type of payment, or because
such Lender failed to notify Agent or any other Person of a change in circumstances which rendered
the exemption from, or reduction of, withholding tax ineffective, or for any other reason), or
Agent reasonably determines that it was required to withhold taxes from a prior payment but failed
to do so, such Lender shall promptly indemnify Agent fully for all amounts paid, directly or
indirectly, by Agent as tax or otherwise, including penalties and interest, and together with all
expenses incurred by Agent, including legal expenses, allocated internal costs and out-of-pocket
expenses. Agent may offset against any payment to any Lender under a Loan Document, any applicable
withholding tax that was required to be withheld from any prior payment to such Lender but which
was not so withheld, as well as any other amounts for which Agent is entitled to indemnification
from such Lender under this Section 8.8(c).

8.9 Resignation of Agent or L/C Issuer.

(a) Agent may resign at any time by delivering notice of such resignation to the Lenders and
Borrower, effective on the date set forth in such notice or, if no such date is set forth therein,
upon the date such notice shall be effective. If Agent delivers any such notice, the Required
Lenders shall have the right to appoint a successor Agent subject to the last sentence of this
clause (a). If, within 30 days after the retiring Agent having given notice of resignation, no
successor Agent has been appointed by the Required Lenders that has accepted such appointment, then
the retiring Agent may, on behalf of the Lenders, appoint a successor Agent from among the Lenders.
Each appointment under this clause (a) shall be subject to the prior consent of Borrower, which
may not be unreasonably withheld but shall not be required during the continuance of an Event of
Default.

 

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(b) Effective immediately upon its resignation, (i) the retiring Agent shall be discharged
from its duties and obligations under the Loan Documents, (ii) the Lenders shall assume and perform
all of the duties of Agent until a successor Agent shall have accepted a valid appointment
hereunder, (iii) the retiring Agent and its Related Persons shall no longer have the
benefit of any provision of any Loan Document other than with respect to any actions taken or
omitted to be taken while such retiring Agent was, or because such Agent had been, validly acting
as Agent under the Loan Documents and (iv) subject to its rights under Section 8.3, the retiring
Agent shall take such action as may be reasonably necessary to assign to the successor Agent its
rights as Agent under the Loan Documents. Effective immediately upon its acceptance of a valid
appointment as Agent, a successor Agent shall succeed to, and become vested with, all the rights,
powers, privileges and duties of the retiring Agent under the Loan Documents.

(c) Any L/C Issuer may resign at any time by delivering notice of such resignation to Agent,
effective on the date set forth in such notice or, if no such date is set forth therein, on the
date such notice shall be effective. Upon such resignation, the L/C Issuer shall remain an L/C
Issuer and shall retain its rights and obligations in its capacity as such (other than any
obligation to Issue Letters of Credit but including the right to receive fees or to have Lenders
participate in any L/C Reimbursement Obligation thereof) with respect to Letters of Credit issued
by such L/C Issuer prior to the date of such resignation and shall otherwise be discharged from all
other duties and obligations under the Loan Documents.

8.10 Release of Collateral or Guarantors. Each Lender and L/C Issuer hereby consents
to the release and hereby directs Agent to release (or, in the case of clause (b)(ii) below,
release or subordinate) the following:

(a) any Subsidiary of Borrower from its guaranty of any Obligation if all of the Stock and
Stock Equivalents of such Subsidiary owned by any Credit Party are sold or transferred in a
transaction permitted under the Loan Documents (including pursuant to a waiver or consent), to the
extent that, after giving effect to such transaction, such Subsidiary would not be required to
guaranty any Obligations pursuant to Section 4.13; and

(b) any Lien held by Agent for the benefit of the Secured Parties against (i) any Collateral
that is sold, transferred, conveyed or otherwise disposed of by a Credit Party in a transaction
permitted by the Loan Documents (including pursuant to a valid waiver or consent), to the extent
all Liens required to be granted in such Collateral pursuant to Section 4.13 after giving effect to
such transaction have been granted, (ii) any property subject to a Lien permitted hereunder in
reliance upon Section 5.1(h) or 5.1(i), and (iii) all of the Collateral and all Credit Parties,
upon (A) termination of the Revolving Loan Commitments, (B) payment and satisfaction in full of all
Loans, all L/C Reimbursement Obligations and all other Obligations under the Loan Documents and all
Obligations arising under Secured Rate Contracts, that Agent has theretofore been notified in
writing by the holder of such Obligation are then due and payable, (C) deposit of cash collateral
with respect to all contingent Obligations (or, as an alternative to cash collateral, in the case
of any Letter of Credit Obligation, receipt by Agent of a back-up letter of credit) in amounts and
on terms and conditions and with parties satisfactory to Agent and each Indemnitee that is, or may
be, owed such Obligations (excluding contingent Obligations (other than L/C Reimbursement
Obligations) as to which no claim has been asserted) and (D) to the extent requested by Agent,
receipt by Agent and the Secured Parties of liability releases from the Credit Parties each in form
and substance acceptable to Agent.

Each Lender and L/C Issuer hereby directs Agent, and Agent hereby agrees, upon receipt of
reasonable advance notice from Borrower, to execute and deliver or file such documents and to
perform other actions reasonably necessary to release the guaranties and Liens when and as directed
in this Section 8.10.

 

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8.11 Additional Secured Parties. The benefit of the provisions of the Loan Documents
directly relating to the Collateral or any Lien granted thereunder shall extend to and be available
to any Secured Party that is not a Lender or L/C Issuer party hereto as long as, by accepting such
benefits, such Secured Party agrees, as among Agent and all other Secured Parties, that such
Secured Party is bound by (and, if requested by Agent, shall confirm such agreement in a writing in
form and substance acceptable to Agent) this Article VIII, and Sections 9.3, 9.9, 9.10, 9.11, 9.17,
9.24 and 10.1 (and, solely with respect to L/C Issuers, Section 1.1(b)) and the decisions and
actions of Agent and the Required Lenders (or, where expressly required by the terms of this
Agreement, a greater proportion of the Lenders or other parties hereto as required herein) to the
same extent a Lender is bound; provided, however, that, notwithstanding the foregoing, (a) such
Secured Party shall be bound by Section 8.8 only to the extent of Liabilities, costs and expenses
with respect to or otherwise relating to the Collateral held for the benefit of such Secured Party,
in which case the obligations of such Secured Party thereunder shall not be limited by any concept
of pro rata share or similar concept, (b) each of Agent, the Lenders and the L/C Issuers party
hereto shall be entitled to act at its sole discretion, without regard to the interest of such
Secured Party, regardless of whether any Obligation to such Secured Party thereafter remains
outstanding, is deprived of the benefit of the Collateral, becomes unsecured or is otherwise
affected or put in jeopardy thereby, and without any duty or liability to such Secured Party or any
such Obligation and (c) except as otherwise set forth herein, such Secured Party shall not have any
right to be notified of, consent to, direct, require or be heard with respect to, any action taken
or omitted in respect of the Collateral or under any Loan Document.

8.12 Documentation Agent and Syndication Agent. Notwithstanding any provision to the
contrary contained elsewhere in this Agreement or in any other Loan Document, no Person having the
title of documentation agent or syndication agent shall have any duties or responsibilities, nor
shall such Person have or be deemed to have any fiduciary relationship with any Lender, and no
implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against such Person. At any time
that any Lender serving (or whose Affiliate is serving) as documentation agent and/or syndication
agent shall have transferred to any other Person (other than any Affiliates) all of its interests
in the Loans and the Revolving Loan Commitment, such Lender (or an Affiliate of such Lender acting
as documentation agent or syndication agent) shall be deemed to have concurrently resigned as such
documentation agent and/or syndication agent.

 

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ARTICLE IX -

MISCELLANEOUS

9.1 Amendments and Waivers.

(a) No amendment or waiver of any provision of this Agreement or any other Loan Document, and
no consent with respect to any departure by any Credit Party therefrom, shall be effective unless
the same shall be in writing and signed by the Agent, the Required
Lenders (or by Agent with the consent of the Required Lenders), and Borrower and then such
waiver shall be effective only in the specific instance and for the specific purpose for which
given; provided, however, that no such waiver, amendment, or consent shall, unless in writing and
signed by all the Lenders directly affected thereby (or by Agent with the consent of all the
Lenders directly affected thereby), in addition to Agent, the Required Lenders (or by Agent with
the consent of the Required Lenders) and Borrower, do any of the following:

(i) increase or extend the Commitment of any Lender (or reinstate any Commitment
terminated pursuant to Section 7.2(a));

(ii) postpone or delay any date fixed for, or reduce or waive, any scheduled
installment of principal or any payment of interest, fees or other amounts (other than
principal) due to the Lenders (or any of them) or L/C Issuer hereunder or under any other
Loan Document;

(iii) reduce the principal of, or the rate of interest specified herein (it being
agreed that waiver of the default interest margin shall only require the consent of Required
Lenders) or the amount of interest payable in cash specified herein on any Loan, or of any
fees or other amounts payable hereunder or under any other Loan Document, including L/C
Reimbursement Obligations;

(iv) amend or modify Section 1.10(c);

(v) change the percentage of the Commitments or of the aggregate unpaid principal
amount of the Loans which shall be required for the Lenders or any of them to take any
action hereunder;

(vi) amend this Section 9.1 or the definition of Required Lenders or any provision
providing for consent or other action by all Lenders; or

(vii) discharge any Credit Party from its respective payment Obligations under the Loan
Documents, or release all or substantially all of the Collateral, except as otherwise may be
provided in this Agreement or the other Loan Documents;

it being agreed that all Lenders shall be deemed to be directly affected by an amendment or
waiver of the type described in the preceding clauses (v), (vi) and (vii).

(b) No amendment, waiver or consent shall, unless in writing and signed by Agent or the L/C
Issuer, as the case may be, in addition to the Required Lenders or all Lenders directly affected
thereby, as the case may be (or by Agent with the consent of the Required Lenders or all the
Lenders directly affected thereby, as the case may be), affect the rights or duties of Agent or the
L/C Issuer, as applicable, under this Agreement or any other Loan Document. No amendment,
modification or waiver of this Agreement or any Loan Document altering the ratable treatment of
Obligations arising under Secured Rate Contracts resulting in such Obligations being junior in
right of payment to principal on the Loans or resulting in Obligations owing to any Secured Swap
Provider becoming unsecured (other than releases of Liens permitted in accordance with the terms
hereof), in each case in a manner adverse to any Secured Swap Provider, shall be effective without
the written consent of such Secured Swap
Provider or, in the case of a Secured Rate Contract provided or arranged by GE Capital or an
Affiliate of GE Capital, GE Capital.

 

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(c) [Reserved]

(d) Notwithstanding anything to the contrary contained in this Section 9.1, (x) Borrower may
amend Schedule 3.9 to reflect any modification to the list of Owned Real Estate or Leased
Real Estate or Schedules 3.19 or 3.21, in each case upon notice to Agent, (y) Agent
may amend Schedule 1.1(a) to reflect Sales entered into pursuant to Section 9.9, and (z)
Agent and Borrower may amend or modify this Agreement and any other Loan Document to (1) cure any
ambiguity, omission, defect or inconsistency therein, or (2) grant a new Lien for the benefit of
the Secured Parties, extend an existing Lien over additional property for the benefit of the
Secured Parties or join additional Persons as Credit Parties.

9.2 Notices.

(a) Addresses. All notices, demands, requests, directions and other communications
required or expressly authorized to be made by this Agreement shall be given in writing, unless
otherwise expressly specified herein, and (i) addressed to the address set forth on the applicable
signature page hereto, (ii) posted to Intralinks® (to the extent such system is available and set
up by or at the direction of Agent prior to posting) in an appropriate location by uploading such
notice, demand, request, direction or other communication to
www.intralinks.com, faxing it to
866-545-6600 with an appropriate bar-code fax coversheet or using such other means of posting to
Intralinks® as may be available and reasonably acceptable to Agent prior to such posting, (iii)
posted to any other E-System approved by or set up by or at the direction of Agent or (iv)
addressed to such other address as shall be notified in writing (A) in the case of Borrower and
Agent, to the other parties hereto and (B) in the case of all other parties, to Borrower and Agent.
Transmissions made by electronic mail or E-Fax to Agent shall be effective only (x) for notices
where such transmission is specifically authorized by this Agreement, (y) if such transmission is
delivered in compliance with procedures of Agent applicable at the time and previously communicated
to Borrower, and (z) if receipt of such transmission is acknowledged by Agent.

(b) Effectiveness. (i) All communications described in clause (a) above and all other
notices, demands, requests and other communications made in connection with this Agreement shall be
effective and be deemed to have been received (i) if delivered by hand, upon personal delivery,
(ii) if delivered by overnight courier service, one (1) Business Day after delivery to such courier
service, (iii) if delivered by mail, three (3) Business Days after deposit in the mail, (iv) if
delivered by facsimile (other than to post to an E-System pursuant to clause (a)(ii) or (a)(iii)
above), upon sender’s receipt of confirmation of proper transmission, and (v) if delivered by
posting to any E-System, on the later of the Business Day of such posting and the Business Day
access to such posting is given to the recipient thereof in accordance with the standard procedures
applicable to such E-System; provided, however, that no communications to Agent pursuant to
Article I shall be effective until received by Agent.

 

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(ii) The posting, completion and/or submission by any Credit Party of any communication
pursuant to an E-System shall constitute a representation and
warranty by the Credit Parties that any representation, warranty, certification or
other similar statement required by the Loan Documents to be provided, given or made by a
Credit Party in connection with any such communication is true, correct and complete except
as expressly noted in such communication or E-System.

(c) Each Lender shall notify Agent in writing of any changes in the address to which notices
to such Lender should be directed, of addresses of its Lending Office, of payment instructions in
respect of all payments to be made to it hereunder and of such other administrative information as
Agent shall reasonably request.

9.3 Electronic Transmissions.

(a) Authorization. Subject to the provisions of Section 9.2(a), each of Agent,
Lenders, each Credit Party and each of their Related Persons, is authorized (but not required) to
transmit, post or otherwise make or communicate, in its sole discretion, Electronic Transmissions
in connection with any Loan Document and the transactions contemplated therein. Each Credit Party
and each Secured Party hereto acknowledges and agrees that the use of Electronic Transmissions is
not necessarily secure and that there are risks associated with such use, including risks of
interception, disclosure and abuse and each indicates it assumes and accepts such risks by hereby
authorizing the transmission of Electronic Transmissions.

(b) Signatures. Subject to the provisions of Section 9.2(a), (i)(A) no posting to any
E-System shall be denied legal effect merely because it is made electronically, (B) each E
Signature on any such posting shall be deemed sufficient to satisfy any requirement for a
“signature” and (C) each such posting shall be deemed sufficient to satisfy any requirement for a
“writing”, in each case including pursuant to any Loan Document, any applicable provision of any
UCC, the federal Uniform Electronic Transactions Act, the Electronic Signatures in Global and
National Commerce Act and any substantive or procedural Requirement of Law governing such subject
matter, (ii) each such posting that is not readily capable of bearing either a signature or a
reproduction of a signature may be signed, and shall be deemed signed, by attaching to, or
logically associating with such posting, an E-Signature, upon which Agent, each other Secured Party
and each Credit Party may rely and assume the authenticity thereof, (iii) each such posting
containing a signature, a reproduction of a signature or an E-Signature shall, for all intents and
purposes, have the same effect and weight as a signed paper original and (iv) each party hereto or
beneficiary hereto agrees not to contest the validity or enforceability of any posting on any
E-System or E-Signature on any such posting under the provisions of any applicable Requirement of
Law requiring certain documents to be in writing or signed; provided, however, that nothing
herein shall limit such party’s or beneficiary’s right to contest whether any posting to any
E-System or E-Signature has been altered after transmission.

(c) Separate Agreements. All uses of an E-System shall be governed by and subject to,
in addition to Section 9.2 and this Section 9.3, the separate terms, conditions and privacy policy
posted or referenced in such E-System (or such terms, conditions and privacy policy as may be
updated from time to time, including on such E-System) and related Contractual Obligations executed
by Agent and Credit Parties in connection with the use of such E-System.

 

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(d) LIMITATION OF LIABILITY. ALL E-SYSTEMS AND ELECTRONIC TRANSMISSIONS SHALL BE
PROVIDED “AS IS” AND “AS AVAILABLE”. NONE OF AGENT, ANY LENDER OR ANY OF THEIR RELATED PERSONS
WARRANTS THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY E-SYSTEMS OR ELECTRONIC TRANSMISSION AND
DISCLAIMS ALL LIABILITY FOR ERRORS OR OMISSIONS THEREIN. NO WARRANTY OF ANY KIND IS MADE BY AGENT,
ANY LENDER OR ANY OF THEIR RELATED PERSONS IN CONNECTION WITH ANY E SYSTEMS OR ELECTRONIC
COMMUNICATION, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,
NON-INFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS. Each of
Borrower, each other Credit Party executing this Agreement and each Secured Party agrees that Agent
has no responsibility for maintaining or providing any equipment, software, services or any testing
required in connection with any Electronic Transmission or otherwise required for any E-System.

9.4 No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of Agent or any Lender, any right, remedy, power or privilege hereunder,
shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. No course of dealing between any Credit Party, any
Affiliate of any Credit Party, Agent or any Lender shall be effective to amend, modify or discharge
any provision of this Agreement or any of the other Loan Documents.

9.5 Costs and Expenses. Any action taken by any Credit Party under or with respect to
any Loan Document, even if required under any Loan Document or at the request of Agent or Required
Lenders, shall be at the expense of such Credit Party, and neither Agent nor any other Secured
Party shall be required under any Loan Document to reimburse any Credit Party or any Subsidiary of
any Credit Party therefor except as expressly provided therein. In addition, Borrower agrees to
pay or reimburse upon demand (a) Agent for all reasonable out-of-pocket costs and expenses incurred
by it or any of its Related Persons, in connection with the investigation, development,
preparation, negotiation, syndication, execution, interpretation or administration of, any
modification of any term of or termination of, any Loan Document, any commitment or proposal letter
therefor, any other document prepared in connection therewith or the consummation and
administration of any transaction contemplated therein, in each case including Attorney Costs of
Agent, the cost of environmental audits, Collateral audits and appraisals, background checks and
similar expenses, to the extent permitted hereunder, (b) Agent for all reasonable costs and
expenses incurred by it or any of its Related Persons in connection with internal audit reviews,
field examinations and Collateral examinations (which shall be reimbursed, in addition to the
out-of-pocket costs and expenses of such examiners, at the per diem rate per individual charged by
Agent for its examiners), (c) each of Agent, its Related Persons, and L/C Issuer for all costs and
expenses incurred in connection with (i) any refinancing or restructuring of the credit
arrangements provided hereunder in the nature of a “work-out”, (ii) the enforcement or preservation
of any right or remedy under any Loan Document, any Obligation, with respect to the Collateral or
any other related right or remedy or (iii) the commencement, defense, conduct of, intervention in,
or the taking of any other action with respect to, any proceeding (including any bankruptcy or
insolvency proceeding) related to any Credit Party, any Subsidiary of any Credit Party, Loan
Document, Obligation or Related
Transaction (or the response to and preparation for any subpoena or request for document
production relating thereto), including Attorney Costs and (d) fees and disbursements of Attorney
Costs of one law firm on behalf of all Lenders (other than Agent) incurred in connection with any
of the matters referred to in clause (c) above.

 

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9.6 Indemnity.

(a) Each Credit Party agrees to indemnify, hold harmless and defend Agent, each Lender, each
L/C Issuer and each of their respective Related Persons (each such Person being an
“Indemnitee”) from and against all Liabilities (including brokerage commissions, fees and
other compensation) that may be imposed on, incurred by or asserted against any such Indemnitee in
any matter relating to or arising out of, in connection with or as a result of (i) any Loan
Document, any Related Agreement, any Obligation (or the repayment thereof), any Letter of Credit,
the use or intended use of the proceeds of any Loan or the use of any Letter of Credit or any
securities filing of, or with respect to, any Credit Party, (ii) any commitment letter, proposal
letter or term sheet with any Person or any Contractual Obligation, arrangement or understanding
with any broker, finder or consultant, in each case entered into by or on behalf of any Credit
Party or any Affiliate of any of them in connection with any of the foregoing and any Contractual
Obligation entered into in connection with any E-Systems or other Electronic Transmissions, (iii)
any actual or prospective investigation, litigation or other proceeding, whether or not brought by
any such Indemnitee or any of its Related Persons, any holders of securities or creditors (and
including attorneys’ fees in any case), whether or not any such Indemnitee, Related Person, holder
or creditor is a party thereto, and whether or not based on any securities or commercial law or
regulation or any other Requirement of Law or theory thereof, including common law, equity,
contract, tort or otherwise or (iv) any other act, event or transaction related, contemplated in or
attendant to any of the foregoing (collectively, the “Indemnified Matters”);
provided, however, that no Credit Party shall have any liability under this Section 9.6 to
any Indemnitee with respect to any Indemnified Matter, and no Indemnitee shall have any liability
with respect to any Indemnified Matter other than (to the extent otherwise liable), to the extent
such liability (x) has resulted primarily from the gross negligence or willful misconduct of such
Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment
or order or (y) arises from claims of any of the Indemnitees solely against one or more Indemnitees
(other than claims by or against an Indemnitee in its capacity as Agent) that have not resulted
from the action, inaction, participation or contribution of any Credit Party or any Affiliates of
the foregoing or any of their respective officers, directors, stockholders, partners, members,
employees, agents, representatives or advisors. Furthermore, each of Borrower and each other
Credit Party executing this Agreement waives and agrees not to assert against any Indemnitee, and
shall cause each other Credit Party to waive and not assert against any Indemnitee, any right of
contribution with respect to any Liabilities that may be imposed on, incurred by or asserted
against any Related Person. For the avoidance of doubt, Section 10.1 and not this Section 9.6(a)
shall govern indemnities with respect to Taxes.

(b) Without limiting the foregoing, “Indemnified Matters” includes all Environmental
Liabilities imposed on, incurred by or asserted against any Indemnitee, including those arising
from, or otherwise involving, any property of any Credit Party or any Related Person of any Credit
Party or any actual, alleged or prospective damage to property or natural resources or harm or
injury

 

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alleged to have resulted from any Release of Hazardous Materials on, upon or into such property or natural resource or any property on or contiguous to any Real
Estate of any Credit Party or any Related Person of any Credit Party, whether or not, with respect
to any such Environmental Liabilities, any Indemnitee is a mortgagee pursuant to any leasehold
mortgage, a mortgagee in possession, the successor-in-interest to any Credit Party or any Related
Person of any Credit Party or the owner, lessee or operator of any property of any Related Person
through any foreclosure action, in each case except to the extent such Environmental Liabilities
(i) are incurred solely following foreclosure by Agent or following Agent or any Lender having
become the successor-in-interest to any Credit Party or any Related Person of any Credit Party and
(ii) are attributable solely to acts of such Indemnitee.

9.7 Marshaling; Payments Set Aside. No Secured Party shall be under any obligation to
marshal any property in favor of any Credit Party or any other Person or against or in payment of
any Obligation. To the extent that any Secured Party receives a payment from Borrower, from any
other Credit Party, from the proceeds of the Collateral, from the exercise of its rights of setoff,
any enforcement action or otherwise, and such payment is subsequently, in whole or in part,
invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a
trustee, receiver or any other party, then to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied, and all Liens, rights and remedies therefor, shall be
revived and continued in full force and effect as if such payment had not occurred.

9.8 Successors and Assigns. The provisions of this Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and assigns;
provided that any assignment by any Lender shall be subject to the provisions of Section 9.9, and
provided further that Borrower may not assign or transfer any of its rights or obligations under
this Agreement without the prior written consent of Agent and each Lender.

9.9 Assignments and Participations; Binding Effect.

(a) Binding Effect. This Agreement shall become effective when it shall have been
executed by Partnership, Borrower, the other Credit Parties signatory hereto and Agent and when
Agent shall have been notified by each Lender that such Lender has executed it. Thereafter, it
shall be binding upon and inure to the benefit of, but only to the benefit of, Partnership,
Borrower, the other Credit Parties hereto (in each case except for Article VIII), Agent, each
Lender and each L/C Issuer receiving the benefits of the Loan Documents and, to the extent provided
in Section 8.11, each other Secured Party and, in each case, their respective successors and
permitted assigns. Except as expressly provided in any Loan Document (including in Section 8.9),
none of Partnership, Borrower, any other Credit Party, any L/C Issuer or Agent shall have the right
to assign any rights or obligations hereunder or any interest herein.

(b) Right to Assign. Each Lender may sell, transfer, negotiate or assign (a
“Sale”) all or a portion of its rights and obligations hereunder (including all or a
portion of its Commitments and its rights and obligations with respect to Loans and Letters of
Credit) to (i) any existing Lender (other than a Non-Funding Lender or Impacted Lender), (ii) any
Affiliate or Approved Fund of any existing Lender (other than a Non-Funding Lender or Impacted
Lender)or (iii) any other Person acceptable (which acceptance shall not be unreasonably withheld or
delayed) to Agent and, as long as no Event of Default is continuing, Borrower, and, in the case of
any

 

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Sale of a Revolving Loan, Letter of Credit or Revolving Loan Commitment, the Agent and each L/C Issuer that is a Lender, (which acceptances of L/C Issuer and Borrower shall be
deemed to have been given unless an objection is delivered to Agent within five (5) Business Days
after notice of a proposed Sale is delivered to Borrower); provided, however, that
(w) such Sales must be ratable among the obligations owing to and owed by such Lender with respect
to the Revolving Loans, (x) for each Loan, the aggregate outstanding principal amount (determined
as of the effective date of the applicable Assignment) of the Loans, Commitments and Letter of
Credit Obligations subject to any such Sale shall be in a minimum amount of $1,000,000, unless such
Sale is made to an existing Lender or an Affiliate or Approved Fund of any existing Lender, is of
the assignor’s (together with its Affiliates and Approved Funds) entire interest in such facility
or is made with the prior consent of Borrower (to the extent Borrower’s consent is otherwise
required) and Agent, (y) interest accrued prior to and through the date of any such Sale may not be
assigned, and (z) such Sales by Lenders who are Non-Funding Lenders due to clause (a) of the
definition of Non-Funding Lender shall be subject to Agent’s prior written consent in all
instances, unless in connection with such sale, such Non-Funding Lender cures, or causes the cure
of, its Non-Funding Lender status as contemplated in Section 1.11(e)(v). Agent’s refusal to accept
a Sale to a Credit Party, an Affiliate of a Credit Party, a holder of Subordinated Indebtedness or
an Affiliate of such a holder, or to a Person that would be a Non-Funding Lender or an Impacted
Lender, or the imposition of conditions or limitations (including limitations on voting) upon Sales
to such Persons, shall not be deemed to be unreasonable.

(c) Procedure. The parties to each Sale made in reliance on clause (b) above (other
than those described in clause (e) or (f) below) shall execute and deliver to Agent an Assignment
via an electronic settlement system designated by Agent (or, if previously agreed with Agent, via a
manual execution and delivery of the Assignment) evidencing such Sale, together with any existing
Note subject to such Sale (or any affidavit of loss therefor acceptable to Agent), any tax forms
required to be delivered pursuant to Section 10.1 and payment of an assignment fee in the amount of
$3,500 to Agent, unless waived or reduced by Agent; provided that (i) if a Sale by a Lender
is made to an Affiliate or an Approved Fund of such assigning Lender, then no assignment fee shall
be due in connection with such Sale, and (ii) if a Sale by a Lender is made to an assignee that is
not an Affiliate or Approved Fund of such assignor Lender, and concurrently to one or more
Affiliates or Approved Funds of such assignee Lender, then only one assignment fee of $3,500 shall
be due in connection with such Sale (unless waived or reduced by Agent). Upon receipt of all the
foregoing, and conditioned upon such receipt and, if such Assignment is made in accordance with
Section 9.9(b)(iii), upon Agent (and Borrower, if applicable) consenting to such Assignment, from
and after the effective date specified in such Assignment, Agent shall record or cause to be
recorded in the Register the information contained in such Assignment.

(d) Effectiveness. Subject to the recording of an Assignment by Agent in the Register
pursuant to Section 1.4(b), (i) the assignee thereunder shall become a party hereto and, to the
extent that rights and obligations under the Loan Documents have been assigned to such assignee
pursuant to such Assignment, shall have the rights and obligations of a Lender, (ii) any applicable
Note shall be transferred to such assignee through such entry and (iii) the assignor thereunder
shall, to the extent that rights and obligations under this Agreement have been assigned by it
pursuant to such Assignment, relinquish its rights (except for those surviving the termination of
the Commitments and the payment in full of the Obligations) and be released from its obligations
under the Loan Documents, other than those relating to events or
circumstances occurring prior to such assignment (and, in the case of an Assignment covering
all or the remaining portion of an assigning Lender’s rights and obligations under the Loan
Documents, such Lender shall cease to be a party hereto).

 

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(e) Grant of Security Interests. In addition to the other rights provided in this
Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any
of its rights under this Agreement, whether now owned or hereafter acquired (including rights to
payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to
Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or
trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by
notice to Agent; provided, however, that no such holder or trustee, whether because
of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an
assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender
hereunder and no such Lender shall be relieved of any of its obligations hereunder.

(f) Participants and SPVs. In addition to the other rights provided in this Section
9.9, each Lender may, (x) with notice to Agent, grant to an SPV the option to make all or any part
of any Loan that such Lender would otherwise be required to make hereunder (and the exercise of
such option by such SPV and the making of Loans pursuant thereto shall satisfy the obligation of
such Lender to make such Loans hereunder) and such SPV may assign to such Lender the right to
receive payment with respect to any Obligation and (y) without notice to or consent from Agent or
Borrower, sell participations to one or more Persons in or to all or a portion of its rights and
obligations under the Loan Documents (including all its rights and obligations with respect to the
Revolving Loans and Letters of Credit); provided, however, that, whether as a
result of any term of any Loan Document or of such grant or participation, (i) no such SPV or
participant shall have a commitment, or be deemed to have made an offer to commit, to make Loans
hereunder, and, except as provided in the applicable option agreement, none shall be liable for any
obligation of such Lender hereunder, (ii) such Lender’s rights and obligations, and the rights and
obligations of the Credit Parties and the Secured Parties towards such Lender, under any Loan
Document shall remain unchanged and each other party hereto shall continue to deal solely with such
Lender, which shall remain the holder of the Obligations in the Register, except that (A) each such
participant and SPV shall be entitled to the benefit of Article X, but, with respect to Section
10.1, only to the extent such participant or SPV delivers the tax forms such Lender is required to
collect pursuant to Section 10.1(f) and then only to the extent of any amount to which such Lender
would be entitled in the absence of any such grant or participation and (B) each such SPV may
receive other payments that would otherwise be made to such Lender with respect to Loans funded by
such SPV to the extent provided in the applicable option agreement and set forth in a notice
provided to Agent by such SPV and such Lender, provided, however, that in no case
(including pursuant to clause (A) or (B) above) shall an SPV or participant have the right to
enforce any of the terms of any Loan Document, and (iii) the consent of such SPV or participant
shall not be required (either directly, as a restraint on such Lender’s ability to consent
hereunder or otherwise) for any amendments, waivers or consents with respect to any Loan Document
or to exercise or refrain from exercising any powers or rights such Lender may have under or in
respect of the Loan Documents (including the right to enforce or direct enforcement of the
Obligations), except for those described in clauses (ii) and (iii) of Section 9.1(a) with respect
to amounts, or dates fixed for payment of amounts, to which such participant or SPV would otherwise
be entitled and, in the case of participants, except for those described in

 

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Section 9.1(a)(vi). No party hereto shall institute (and Borrower and
Partnership shall cause each other Credit Party not to institute) against any SPV grantee of an
option pursuant to this clause (f) any bankruptcy, reorganization, insolvency, liquidation or
similar proceeding, prior to the date that is one year and one day after the payment in full of all
outstanding commercial paper of such SPV; provided, however, that each Lender having
designated an SPV as such agrees to indemnify each Indemnitee against any Liability that may be
incurred by, or asserted against, such Indemnitee as a result of failing to institute such
proceeding (including a failure to get reimbursed by such SPV for any such Liability). The
agreement in the preceding sentence shall survive the termination of the Commitments and the
payment in full of the Obligations. Each Lender that sells a participation shall, acting solely
for this purpose as an agent of Borrower, maintain a register on which it enters the name and
address of each participant and the principal amounts (and stated interest) of each participant’s
interest in the Commitments, Loans, Letters of Credit, Letter of Credit Obligations or other
obligations under the Loan Documents (the “Participant Register”); provided, that
no Lender shall have any obligation to disclose all or any portion of a Participant Register
(including the identity of any participant or any information relating to a participant’s interest
in any Commitments, Loans, Letters of Credit, Letter of Credit Obligations or its other obligations
under any Loan Document) to any Person except to the extent that such disclosure is necessary to
establish that such Commitment, Loan, Letter of Credit, Letter of Credit Obligation or other
obligation is in registered form under Section 5f.103-1(c) of the U.S. Treasury regulations. The
entries in the Participant Registers shall be conclusive absent manifest error, and such Lender
shall treat each Person whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement notwithstanding any notice to the contrary.

9.10 Non-Public Information; Confidentiality.

(a) Non-Public Information. Agent, each Lender and each L/C Issuer acknowledges and
agrees that it may receive material non-public information (“MNPI”) hereunder concerning
the Credit Parties and their Affiliates and agrees to use such information in compliance with all
relevant policies, procedures and applicable Requirements of Laws (including United States federal
and state securities laws and regulations).

(b) Confidential Information. Each Lender, each L/C Issuer and Agent agrees to use
all reasonable efforts to maintain, in accordance with its customary practices, the confidentiality
of information obtained by it pursuant to any Loan Document and designated in writing by any Credit
Party as confidential, except that such information may be disclosed (i) with Borrower’s consent,
(ii) to Related Persons of such Lender, L/C Issuer or Agent, as the case may be, or to any Person
that any L/C Issuer causes to issue Letters of Credit hereunder, that are advised of the
confidential nature of such information and are instructed to keep such information confidential in
accordance with the terms hereof, (iii) to the extent such information presently is or hereafter
becomes (A) publicly available other than as a result of a breach of this Section 9.10 or (B)
available to such Lender, L/C Issuer or Agent or any of their Related Persons, as the case may be,
from a source (other than any Credit Party) not known by them to be subject to disclosure
restrictions, (iv) to the extent disclosure is required by applicable Requirements of Law or other
legal process or requested or demanded by any Governmental Authority, (v) to the extent necessary
or customary for inclusion in league table measurements, (vi) (A) to the National Association of
Insurance Commissioners or any similar organization, any examiner or any nationally recognized

 

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rating agency or (B) otherwise to the extent consisting
of general portfolio information that does not identify Credit Parties, (vii) to current or
prospective assignees, SPVs (including the investors or prospective investors therein) or
participants, direct or contractual counterparties to any Secured Rate Contracts and to their
respective Related Persons, in each case to the extent such assignees, investors, participants,
counterparties or Related Persons agree to be bound by provisions substantially similar to the
provisions of this Section 9.10 (and such Person may disclose information to their respective
Related Persons in accordance with clause (ii) above), (viii) to any other party hereto, and (ix)
in connection with the exercise or enforcement of any right or remedy under any Loan Document, in
connection with any litigation or other proceeding to which such Lender, L/C Issuer or Agent or any
of their Related Persons is a party or bound, or to the extent necessary to respond to public
statements or disclosures by Credit Parties or their Related Persons referring to a Lender, L/C
Issuer or Agent or any of their Related Persons. In the event of any conflict between the terms of
this Section 9.10 and those of any other Contractual Obligation entered into with any Credit Party
(whether or not a Loan Document), the terms of this Section 9.10 shall govern.

(c) Tombstones. Each Credit Party consents to the publication by Agent or any Lender
of advertising material relating to the financing transactions contemplated by this Agreement using
Borrower’s or any other Credit Party’s name, product photographs, logo or trademark. Agent or such
Lender shall provide a draft of any advertising material to Borrower for review and comment prior
to the publication thereof.

(d) Press Release and Related Matters. No Credit Party shall, and no Credit Party
shall permit any of its Affiliates to, issue any press release or other public disclosure (other
than any document filed with any Governmental Authority relating to a public offering of securities
of any Credit Party) using the name, logo or otherwise referring to GE Capital or of any of its
Affiliates, the Loan Documents or any transaction contemplated therein to which Agent is party
without the prior consent of GE Capital except to the extent required to do so under applicable
Requirements of Law and then, only after consulting with GE Capital.

(e) Distribution of Materials to Lenders and L/C Issuers. The Credit Parties
acknowledge and agree that the Loan Documents and all reports, notices, communications and other
information or materials provided or delivered by, or on behalf of, the Credit Parties hereunder
(collectively, the “Borrower Materials”) may be disseminated by, or on behalf of, Agent,
and made available, to the Lenders and the L/C Issuers by posting such Borrower Materials on an
E-System. The Credit Parties authorize Agent to download copies of their logos from its website and
post copies thereof on an E-System.

(f) Material Non-Public Information. The Credit Parties hereby agree that if either
they, any parent company or any Subsidiary of the Credit Parties has publicly traded equity or debt
securities in the United States, they shall (and shall cause such parent company or Subsidiary, as
the case may be, to) (i) identify in writing, and (ii) to the extent reasonably practicable,
clearly and conspicuously mark such Borrower Materials that contain only information that is
publicly available or that is not material for purposes of United States federal and state
securities laws as “PUBLIC”. The Credit Parties agree that by identifying such Borrower Materials
as “PUBLIC” or publicly filing such Borrower Materials with the Securities and Exchange Commission,
then Agent, the

 

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Lenders and the L/C Issuers shall be entitled to treat such Borrower Materials as not containing any MNPI for purposes of United States federal and
state securities laws. The Credit Parties further represent, warrant, acknowledge and agree that
the following documents and materials shall be deemed to be PUBLIC, whether or not so marked, and
do not contain any MNPI: (A) the Loan Documents, including the schedules and exhibits attached
thereto, and (B) administrative materials of a customary nature prepared by the Credit Parties or
Agent (including, Notices of Borrowing, Notices of Conversion/Continuation, L/C Requests and any
similar requests or notices posted on or through an E-System). Before distribution of any Borrower
Materials, the Credit Parties agree to execute and deliver to Agent a letter authorizing
distribution of the evaluation materials to prospective Lenders and their employees willing to
receive MNPI, and a separate letter authorizing distribution of evaluation materials that do not
contain MNPI and represent that no MNPI is contained therein.

9.11 Set-off; Sharing of Payments.

(a) Right of Setoff. Each of Agent, each Lender, each L/C Issuer and each Affiliate
(including each branch office thereof) of any of them is hereby authorized, without notice or
demand (each of which is hereby waived by each Credit Party), at any time and from time to time
during the continuance of any Event of Default and to the fullest extent permitted by applicable
Requirements of Law, to set off and apply any and all deposits (whether general or special, time or
demand, provisional or final) at any time held and other Indebtedness, claims or other obligations
at any time owing by Agent, such Lender, such L/C Issuer or any of their respective Affiliates to
or for the credit or the account of Borrower or any other Credit Party against any Obligation of
any Credit Party now or hereafter existing, whether or not any demand was made under any Loan
Document with respect to such Obligation and even though such Obligation may be unmatured. No
Lender or L/C Issuer shall exercise any such right of setoff without the prior consent of Agent or
Required Lenders. Each of Agent, each Lender and each L/C Issuer agrees promptly to notify
Borrower and Agent after any such setoff and application made by such Lender or its Affiliates;
provided, however, that the failure to give such notice shall not affect the validity of such
setoff and application. The rights under this Section 9.11 are in addition to any other rights and
remedies (including other rights of setoff) that Agent, the Lenders, the L/C Issuer, their
Affiliates and the other Secured Parties, may have.

(b) Sharing of Payments, Etc. If any Lender, directly or through an Affiliate or
branch office thereof, obtains any payment of any Obligation of any Credit Party (whether
voluntary, involuntary or through the exercise of any right of setoff or the receipt of any
Collateral or “proceeds” (as defined under the applicable UCC) of Collateral) other than pursuant
to Section 9.9 or Article X and such payment exceeds the amount such Lender would have been
entitled to receive if all payments had gone to, and been distributed by, Agent in accordance with
the provisions of the Loan Documents, such Lender shall purchase for cash from other Lenders such
participations in their Obligations as necessary for such Lender to share such excess payment with
such Lenders to ensure such payment is applied as though it had been received by Agent and applied
in accordance with this Agreement (or, if such application would then be at the discretion of
Borrower, applied to repay the Obligations in accordance herewith); provided, however, that (a) if
such payment is rescinded or otherwise recovered from such Lender or L/C Issuer in whole or in
part, such purchase shall be rescinded and the purchase price therefor shall be returned to such
Lender or L/C Issuer without interest and (b) such Lender shall, to the fullest extent permitted by
applicable Requirements of Law, be able to exercise all its rights of
payment (including the right of setoff) with respect to such participation as fully as if such Lender
were the direct creditor of the applicable Credit Party in the amount of such participation. If a
Non-Funding Lender receives any such payment as described in the previous sentence, such Lender
shall turn over such payments to Agent in an amount that would satisfy the cash collateral
requirements set forth in Section 1.11(e).

 

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9.12 Counterparts; Facsimile Signature. This Agreement may be executed in any number
of counterparts and by different parties in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. Signature pages may be detached from multiple separate counterparts and attached to a
single counterpart. Delivery of an executed signature page of this Agreement by facsimile
transmission or Electronic Transmission shall be as effective as delivery of a manually executed
counterpart hereof.

9.13 Severability. The illegality or unenforceability of any provision of this
Agreement or any instrument or agreement required hereunder shall not in any way affect or impair
the legality or enforceability of the remaining provisions of this Agreement or any instrument or
agreement required hereunder.

9.14 Captions. The captions and headings of this Agreement are for convenience of
reference only and shall not affect the interpretation of this Agreement.

9.15 Independence of Provisions. The parties hereto acknowledge that this Agreement
and the other Loan Documents may use several different limitations, tests or measurements to
regulate the same or similar matters, and that such limitations, tests and measurements are
cumulative and must each be performed, except as expressly stated to the contrary in this
Agreement.

9.16 Interpretation. This Agreement is the result of negotiations among and has been
reviewed by counsel to Credit Parties, Agent, each Lender and other parties hereto, and is the
product of all parties hereto. Accordingly, this Agreement and the other Loan Documents shall not
be construed against the Lenders or Agent merely because of Agent’s or Lenders’ involvement in the
preparation of such documents and agreements. Without limiting the generality of the foregoing,
each of the parties hereto has had the advice of counsel with respect to Sections 9.18 and 9.19.

9.17 No Third Parties Benefited. This Agreement is made and entered into for the sole
protection and legal benefit of Borrower, the Lenders, the L/C Issuers party hereto, Agent and,
subject to the provisions of Section 8.11, each other Secured Party, and their permitted successors
and assigns, and no other Person shall be a direct or indirect legal beneficiary of, or have any
direct or indirect cause of action or claim in connection with, this Agreement or any of the other
Loan Documents. Neither Agent nor any Lender shall have any obligation to any Person not a party
to this Agreement or the other Loan Documents.

9.18 Governing Law and Jurisdiction.

(a) Governing Law. The laws of the State of New York shall govern all matters arising
out of, in connection with or relating to this Agreement, including, without
limitation, its validity, interpretation, construction, performance and enforcement
(including, without limitation, any claims sounding in contract or tort law arising out of the
subject matter hereof and any determinations with respect to post-judgment interest).

 

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(b) Submission to Jurisdiction. Any legal action or proceeding with respect to any
Loan Document shall be brought exclusively in the courts of the State of New York located in the
City of New York, Borough of Manhattan, or of the United States of America for the Southern
District of New York and, by execution and delivery of this Agreement, Borrower and each other
Credit Party executing this Agreement hereby accepts for itself and in respect of its property,
generally and unconditionally, the jurisdiction of the aforesaid courts; provided that nothing in
this Agreement shall limit the right of Agent to commence any proceeding in the federal or state
courts of any other jurisdiction to the extent Agent determines that such action is necessary or
appropriate to exercise its rights or remedies under the Loan Documents. The parties hereto (and,
to the extent set forth in any other Loan Document, each other Credit Party) hereby irrevocably
waive any objection, including any objection to the laying of venue or based on the grounds of
forum non conveniens, that any of them may now or hereafter have to the bringing of any such action
or proceeding in such jurisdictions.

(c) Service of Process. Each Credit Party hereby irrevocably waives personal service
of any and all legal process, summons, notices and other documents and other service of process of
any kind and consents to such service in any suit, action or proceeding brought in the United
States of America with respect to or otherwise arising out of or in connection with any Loan
Document by any means permitted by applicable Requirements of Law, including by the mailing thereof
(by registered or certified mail, postage prepaid) to the address of Borrower specified herein (and
shall be effective when such mailing shall be effective, as provided therein). Each Credit Party
agrees that a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.

(d) Non-Exclusive Jurisdiction. Nothing contained in this Section 9.18 shall affect
the right of Agent or any Lender to serve process in any other manner permitted by applicable
Requirements of Law or commence legal proceedings or otherwise proceed against any Credit Party in
any other jurisdiction.

9.19 Waiver of Jury Trial. THE PARTIES HERETO, TO THE EXTENT PERMITTED BY LAW, WAIVE
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING ARISING OUT OF, IN CONNECTION WITH OR
RELATING TO, THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND ANY OTHER TRANSACTION CONTEMPLATED HEREBY
AND THEREBY. THIS WAIVER APPLIES TO ANY ACTION, SUIT OR PROCEEDING WHETHER SOUNDING IN TORT,
CONTRACT OR OTHERWISE.

 

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9.20 Entire Agreement; Release; Survival.

(a) THE LOAN DOCUMENTS EMBODY THE ENTIRE AGREEMENT OF THE PARTIES AND SUPERSEDE ALL PRIOR
AGREEMENTS AND UNDERSTANDINGS RELATING TO THE SUBJECT MATTER THEREOF AND ANY PRIOR LETTER OF
INTEREST, COMMITMENT LETTER, CONFIDENTIALITY AND SIMILAR AGREEMENTS INVOLVING ANY CREDIT
PARTY AND ANY LENDER OR ANY L/C ISSUER OR ANY OF THEIR RESPECTIVE AFFILIATES RELATING TO A
FINANCING OF SUBSTANTIALLY SIMILAR FORM, PURPOSE OR EFFECT OTHER THAN THE FEE LETTER. IN THE EVENT
OF ANY CONFLICT BETWEEN THE TERMS OF THIS AGREEMENT AND ANY OTHER LOAN DOCUMENT, THE TERMS OF THIS
AGREEMENT SHALL GOVERN (UNLESS OTHERWISE EXPRESSLY STATED IN SUCH OTHER LOAN DOCUMENTS OR SUCH
TERMS OF SUCH OTHER LOAN DOCUMENTS ARE NECESSARY TO COMPLY WITH APPLICABLE REQUIREMENTS OF LAW, IN
WHICH CASE SUCH TERMS SHALL GOVERN TO THE EXTENT NECESSARY TO COMPLY THEREWITH).

(b) Execution of this Agreement by the Credit Parties constitutes a full, complete and
irrevocable release of any and all claims which each Credit Party may have at law or in equity in
respect of all prior discussions and understandings, oral or written, relating to the subject
matter of this Agreement and the other Loan Documents. In no event shall any Indemnitee be liable
on any theory of liability for any special, indirect, consequential or punitive damages (including
any loss of profits, business or anticipated savings). Each of Borrower and each other Credit
Party signatory hereto hereby waives, releases and agrees (and shall cause each other Credit Party
to waive, release and agree) not to sue upon any such claim for any special, indirect,
consequential or punitive damages, whether or not accrued and whether or not known or suspected to
exist in its favor.

(c) (i) Any indemnification or other protection provided to any Indemnitee pursuant to this
Section 9.20, Sections 9.5 (Costs and Expenses), and 9.6 (Indemnity), and Articles (VIII) Agent and
X (Taxes, Yield Protection and Illegality), and (ii) the provisions of Section 8.1 of the Guaranty
and Security Agreement, in each case, shall (x) survive the termination of the Commitments and the
payment in full of all other Obligations and (y) with respect to clause (i) above, inure to the
benefit of any Person that at any time held a right thereunder (as an Indemnitee or otherwise) and,
thereafter, its successors and permitted assigns.

9.21 Patriot Act. Each Lender that is subject to the Patriot Act hereby notifies the
Credit Parties that pursuant to the requirements of the Patriot Act, it is required to obtain,
verify and record information that identifies each Credit Party, which information includes the
name and address of each Credit Party and other information that will allow such Lender to identify
each Credit Party in accordance with the Patriot Act.

9.22 Replacement of Lender. Within forty-five (45) days after: (i) receipt by
Borrower of written notice and demand from any Lender (an “Affected Lender”) for payment of
additional costs as provided in Sections 10.1, 10.3 and/or 10.6; or (ii) any failure by any Lender
(other than Agent or an Affiliate of Agent) to consent to a requested amendment, waiver or
modification to any Loan Document in which Required Lenders have already consented to such
amendment, waiver or modification but the consent of each Lender (or each Lender directly affected
thereby, as applicable) is required with respect thereto, Borrower may, at its option, notify Agent
and such Affected Lender (or such non-consenting Lender) of Borrower’s intention to obtain, at
Borrower’s expense, a replacement Lender (“Replacement Lender”) for such Affected Lender
(or such non-consenting Lender), which Replacement Lender

 

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shall
be reasonably satisfactory to Agent. In the event Borrower obtains a Replacement Lender within
forty-five (45) days following notice of its intention to do so, the Affected Lender (or such
non-consenting Lender) shall sell and assign its Loans and Commitments to such Replacement Lender,
at par, provided that Borrower has reimbursed such Affected Lender for its increased costs for
which it is entitled to reimbursement under this Agreement through the date of such sale and
assignment. In the event that a replaced Lender does not execute an Assignment pursuant to Section
9.9 within five (5) Business Days after receipt by such replaced Lender of notice of replacement
pursuant to this Section 9.22 and presentation to such replaced Lender of an Assignment evidencing
an assignment pursuant to this Section 9.22, Borrower shall be entitled (but not obligated) to
execute such an Assignment on behalf of such replaced Lender, and any such Assignment so executed
by Borrower, the Replacement Lender and Agent, shall be effective for purposes of this Section 9.22
and Section 9.9. Notwithstanding the foregoing, with respect to a Lender that is a Non-Funding
Lender or an Impacted Lender, the Agent may, but shall not be obligated to, obtain a Replacement
Lender and execute an Assignment on behalf of such Non-Funding Lender or Impacted Lender at any
time with three (3) Business’ Days prior notice to such Lender (unless notice is not practicable
under the circumstances) and cause such Lender’s Loans and Commitments to be sold and assigned, in
whole or in part, at par. Upon any such assignment and payment and compliance with the other
provisions of Section 9.9, such replaced Lender shall no longer constitute a “Lender” for purposes
hereof; provided, any rights of such replaced Lender to indemnification hereunder shall survive.

9.23 Creditor-Debtor Relationship. The relationship between Agent, each Lender and
the L/C Issuer, on the one hand, and the Credit Parties, on the other hand, is solely that of
creditor and debtor. No Secured Party has any fiduciary relationship or duty to any Credit Party
arising out of or in connection with, and there is no agency, tenancy or joint venture relationship
between the Secured Parties and the Credit Parties by virtue of, any Loan Document or any
transaction contemplated therein.

9.24 No Recourse. The parties hereto hereby acknowledge and agree that neither the GP
nor any director, officer, employee, limited partner or shareholder of the Partnership or the GP
shall have any liability in respect of the obligations of the Credit Parties under this Agreement
and the other Loan Documents by reason of his, her or its status.

ARTICLE X -

TAXES, YIELD PROTECTION AND ILLEGALITY

10.1 Taxes.

(a) Except as otherwise provided in this Section 10.1, each payment by any Credit Party under
any Loan Document shall be made free and clear of all present or future taxes, levies, imposts,
deductions, charges or withholdings and all liabilities with respect thereto (and without deduction
for any of them) (collectively, “Taxes”).

 

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(b) If any Indemnified Taxes shall be required by law to be deducted from or in respect of any
amount payable under any Loan Document to any Secured Party (i) such amount shall be increased as
necessary to ensure that, after all required deductions for
Indemnified Taxes are made (including deductions applicable to any increases to any amount
under this Section 10.1), such Secured Party receives the amount it would have received had no such
deductions been made, (ii) the relevant Credit Party or Agent, as applicable, shall make such
deductions, and (iii) the relevant Credit Party or Agent, as applicable, shall timely pay the full
amount deducted to the relevant taxing authority or other authority in accordance with applicable
Requirements of Law.

(c) In addition, Borrower agrees to pay, and authorizes Agent to pay in their name, any stamp,
documentary, excise or property tax, charges or similar levies imposed by any applicable
Requirement of Law or Governmental Authority and reasonable out-of-pocket expense with respect
thereto, in each case arising from the execution, delivery or registration of, or otherwise with
respect to, any Loan Document or any transaction contemplated therein (collectively, “Other
Taxes”). Within 30 days after the date of any payment of Indemnified Taxes or Other Taxes by
any Credit Party, Borrower shall furnish to Agent, at its address referred to in Section 9.2, the
original or a certified copy of a receipt evidencing payment thereof, or other reasonably
acceptable evidence thereof.

(d) Borrower shall reimburse and indemnify, within 30 days after receipt of written demand
therefor (with copy to Agent), each Secured Party for all Indemnified Taxes imposed on payments by
a Credit Party under a Loan Document and Other Taxes (including any Indemnified Taxes and Other
Taxes imposed by any jurisdiction on amounts payable under this Section 10.1) paid by such Secured
Party and reasonable out-of-pocket expenses with respect thereto, whether or not such Indemnified
Taxes or Other Taxes were correctly or legally asserted; provided, however, that this
sentence shall not obligate Borrower to reimburse or indemnify any Secured Party for any
Indemnified Taxes or Other Taxes imposed as a result of a Secured Party’s gross negligence or
willful misconduct. A certificate of the Secured Party (or of Agent on behalf of such Secured
Party) claiming any compensation under this clause (d), setting forth the amounts to be paid
thereunder and delivered to Borrower with copy to Agent, shall be conclusive, binding and final for
all purposes, absent manifest error.

(e) Any Lender claiming any additional amounts payable pursuant to this Section 10.1 shall use
its reasonable efforts (consistent with its internal policies and Requirements of Law) to change
the jurisdiction of its lending office if such a change would reduce any such additional amounts
(or any similar amount that may thereafter accrue) and would not, in the sole determination of such
Lender, be otherwise disadvantageous to such Lender.

(f) (i) Any U.S. Lender Party or Non-U.S. Lender Party that is entitled to an exemption from
or reduction of withholding tax with respect to payments made under any Loan Document shall deliver
to Borrower and Agent, at the time or times reasonably requested by Borrower or Agent, such
properly completed and executed documentation reasonably requested by Borrower or Agent as will
permit such payments to be made without withholding or at a reduced rate of withholding. In
addition, any U.S. Lender Party or Non-U.S. Lender Party, if reasonably requested by Borrower or
Agent, shall deliver such other documentation prescribed by applicable Requirements of Law or
reasonably requested by Borrower or Agent as will enable Borrower or Agent to determine whether or
not such U.S. Lender Party or Non-U.S. Lender Party is subject to backup withholding or information
reporting requirements.

 

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(ii) Each Non-U.S. Lender Party that is entitled to an exemption from United States
withholding tax or is subject to such withholding tax at a reduced rate under an applicable
tax treaty, shall (w) on or prior to the date such Non-U.S. Lender Party becomes a “Non-U.S.
Lender Party” hereunder, (x) on or prior to the date on which any such form or certification
expires or becomes obsolete, (y) after the occurrence of any event requiring a change in the
most recent form or certification previously delivered by it pursuant to this clause (i) and
(z) from time to time if requested by Borrower or Agent (or, in the case of a participant or
SPV, the relevant Lender), provide Agent and Borrower (or, in the case of a participant or
SPV, the relevant Lender) with two properly completed originals of each of the following, as
applicable: (A) Forms W-8ECI (claiming exemption from U.S. withholding tax because the
income is effectively connected with a U.S. trade or business), W-8BEN (claiming exemption
from, or a reduction of, U.S. withholding tax under an income tax treaty) and/or W-8IMY or
any successor forms (together with any required attachments), (B) in the case of a Non-U.S.
Lender Party claiming exemption under Sections 871(h) or 881(c) of the Code, Form W-8BEN
(claiming exemption from U.S. withholding tax under the portfolio interest exemption) or any
successor form and a certificate in form and substance acceptable to Agent and Borrower that
such Non-U.S. Lender Party is not (1) a “bank” within the meaning of Section 881(c)(3)(A) of
the Code, (2) a “10 percent shareholder” of Borrower within the meaning of Section
881(c)(3)(B) of the Code or (3) a “controlled foreign corporation” described in Section
881(c)(3)(C) of the Code or (C) any other applicable document prescribed by the IRS
certifying as to the entitlement of such Non-U.S. Lender Party to such exemption from United
States withholding tax or reduced rate with respect to all payments to be made to such
Non-U.S. Lender Party under the Loan Documents. Unless Borrower and Agent have received
forms or other documents satisfactory to them indicating that payments under any Loan
Document to or for a Non-U.S. Lender Party are not subject to United States withholding tax
or are subject to such tax at a rate reduced by an applicable tax treaty, the Credit Parties
and Agent shall withhold amounts required to be withheld by applicable Requirements of Law
from such payments at the applicable statutory rate.

(iii) Each U.S. Lender Party shall (A) on or prior to the date such U.S. Lender Party
becomes a “U.S. Lender Party” hereunder, (B) on or prior to the date on which any such form
or certification expires or becomes obsolete, (C) after the occurrence of any event
requiring a change in the most recent form or certification previously delivered by it
pursuant to this clause (f) and (D) from time to time if requested by Borrower or Agent (or,
in the case of a participant or SPV, the relevant Lender), provide Agent and Borrower (or,
in the case of a participant or SPV, the relevant Lender) with two properly completed
originals of Form W-9 (certifying that such U.S. Lender Party is entitled to an exemption
from U.S. backup withholding tax) or any successor form.

(iv) Each Lender having sold a participation in any of its Obligations or identified
an SPV as such to Agent shall collect from such participant or SPV the documents described
in this clause (f) and provide them to Agent.

 

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(v) If a payment made to a Non-U.S. Lender Party would be subject to United States
federal withholding tax imposed by FATCA if such Non-U.S. Lender Party fails to comply with
the applicable requirements of FATCA, such Non-U.S. Lender Party shall promptly deliver to
Agent and Borrower any documentation under any Requirement of Law or reasonably requested by
the Agent or Borrower sufficient for Agent or Borrower to comply with their obligations
under FATCA and to determine that such Non-U.S. Lender has complied with such applicable
reporting requirements or to determine the amount to withhold from any payments. Solely for
purposes of this Section 10.1(f)(v), “FATCA” shall include any amendments to FATCA after the
date hereof.

(g) If any party determines, in its sole discretion exercised in good faith, that it has
received a refund of any Taxes as to which it has been indemnified pursuant to this Section 10.1
(including by the payment of additional amounts pursuant to this Section 10.1), it shall pay to the
indemnifying party an amount equal to such refund (but only to the extent of indemnity payments
made or additional amounts paid with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than
any interest paid by the relevant Governmental Authority with respect to such refund). Such
indemnifying party, upon the request of such indemnified party, shall repay to such indemnified
party the amount paid over pursuant to this Section 10.1(g) (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) in the event that such indemnified party is
required to repay such refund to such Governmental Authority.

(h) For the avoidance of doubt, for purposes of this Section 10.1, the term “Lender” shall be
deemed to include any L/C Issuer and Agent.

10.2 Illegality. If after the date hereof any Lender shall determine that the
introduction of any Requirement of Law, or any change in any Requirement of Law or in the
interpretation or administration thereof, has made it unlawful, or that any central bank or other
Governmental Authority has asserted that it is unlawful, for any Lender or its Lending Office to
make LIBOR Rate Loans, then, on notice thereof by such Lender to Borrower through Agent, the
obligation of that Lender to make LIBOR Rate Loans shall be suspended until such Lender shall have
notified Agent and Borrower that the circumstances giving rise to such determination no longer
exists.

(a) Subject to clause (c) below, if any Lender shall determine that it is unlawful to maintain
any LIBOR Rate Loan, Borrower shall prepay in full all LIBOR Rate Loans of such Lender then
outstanding, together with interest accrued thereon, either on the last day of the Interest Period
thereof if such Lender may lawfully continue to maintain such LIBOR Rate Loans to such day, or
immediately, if such Lender may not lawfully continue to maintain such LIBOR Rate Loans, together
with any amounts required to be paid in connection therewith pursuant to Section 10.4.

(b) If the obligation of any Lender to make or maintain LIBOR Rate Loans has been terminated,
Borrower may elect, by giving notice to such Lender through Agent that all Loans which would
otherwise be made by any such Lender as LIBOR Rate Loans shall be instead Base Rate Loans.

 

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(c) Before giving any notice to Agent pursuant to this Section 10.2, the affected Lender shall
designate a different Lending Office with respect to its LIBOR Rate Loans if such designation will
avoid the need for giving such notice or making such demand and will not, in the judgment of the
Lender, be illegal or otherwise disadvantageous to the Lender.

10.3 Increased Costs and Reduction of Return.

(a) If any Lender or L/C Issuer shall determine that, due to either (i) the introduction of,
or any change in, or in the interpretation of, any Requirement of Law or (ii) the compliance with
any guideline or request from any central bank or other Governmental Authority (whether or not
having the force of law), in the case of either clause (i) or (ii) subsequent to the date hereof
and in each case other than any Indemnified Tax or Excluded Tax, there shall be any increase in the
cost to such Lender or L/C Issuer of agreeing to make or making, funding or maintaining any LIBOR
Rate Loans or of issuing or maintaining any Letter of Credit, then Borrower shall be liable for,
and shall from time to time, within thirty (30) days of demand therefor by such Lender or L/C
Issuer (with a copy of such demand to Agent), pay to Agent for the account of such Lender or L/C
Issuer, additional amounts as are sufficient to compensate such Lender or L/C Issuer for such
increased costs; provided, that Borrower shall not be required to compensate any Lender or L/C
Issuer pursuant to this Section 10.3(a) for any increased costs incurred more than 180 days prior
to the date that such Lender or L/C Issuer notifies Borrower, in writing of the increased costs and
of such Lender’s or L/C Issuer’s intention to claim compensation thereof; provided, further, that
if the circumstance giving rise to such increased costs is retroactive, then the 180-day period
referred to above shall be extended to include the period of retroactive effect thereof.

(b) If any Lender or L/C Issuer shall have determined that:

(i) the introduction of any Capital Adequacy Regulation;

(ii) any change in any Capital Adequacy Regulation;

(iii) any change in the interpretation or administration of any Capital Adequacy
Regulation by any central bank or other Governmental Authority charged with the
interpretation or administration thereof; or

(iv) compliance by such Lender or L/C Issuer (or its Lending Office) or any entity
controlling the Lender or L/C Issuer, with any Capital Adequacy Regulation;

affects the amount of capital required or expected to be maintained by such Lender or L/C Issuer or
any entity controlling such Lender or L/C Issuer and (taking into consideration such Lender’s or
such entities’ policies with respect to capital adequacy and such Lender’s or L/C Issuer’s desired
return on capital) determines that the amount of such capital is increased as a consequence of its
Commitment(s), loans, credits or obligations under this Agreement, then, within thirty (30) days of
demand of such Lender or L/C Issuer (with a copy to Agent), Borrower shall pay to such Lender or
L/C Issuer, from time to time as specified by such Lender or L/C Issuer, additional amounts
sufficient to compensate such Lender or L/C Issuer (or the entity controlling the Lender or L/C
Issuer) for such increase; provided, that Borrower shall not be required to compensate any Lender
or L/C Issuer pursuant to this Section 10.3(b) for any
amounts incurred more than 180 days prior to the date that such Lender or L/C Issuer notifies
Borrower, in writing of the amounts and of such Lender’s or L/C Issuer’s intention to claim
compensation thereof; provided, further, that if the event giving rise to such increase is
retroactive, then the 180-day period referred to above shall be extended to include the period of
retroactive effect thereof.

 

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(c) Notwithstanding anything to the contrary herein, the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith shall be deemed to be a change in a Requirement of Law under clause (a) above
and/or a change in a Capital Adequacy Regulation under clause (b) above, as applicable, regardless
of the date enacted, adopted or issued.

10.4 Funding Losses. Borrower agrees to reimburse each Lender and to hold each Lender
harmless from any loss or expense which such Lender may sustain or incur as a consequence of:

(a) the failure of Borrower to make any payment or mandatory prepayment of principal of any
LIBOR Rate Loan (including payments made after any acceleration thereof);

(b) the failure of Borrower to borrow, continue or convert a Loan after Borrower has given (or
is deemed to have given) a Notice of Borrowing or a Notice of Conversion/Continuation;

(c) the failure of Borrower to make any prepayment after Borrower has given a notice in
accordance with Section 1.7;

(d) the prepayment (including pursuant to Section 1.8) of a LIBOR Rate Loan on a day which is
not the last day of the Interest Period with respect thereto; or

(e) the conversion pursuant to Section 1.6 of any LIBOR Rate Loan to a Base Rate Loan on a day
that is not the last day of the applicable Interest Period;

including any such loss or expense arising from the liquidation or reemployment of funds obtained
by it to maintain its LIBOR Rate Loans hereunder or from fees payable to terminate the deposits
from which such funds were obtained; provided that, with respect to the expenses described in
clauses (d) and (e) above, such Lender shall have notified Agent of any such expense within two (2)
Business Days of the date on which such expense was incurred. Solely for purposes of calculating
amounts payable by Borrower to the Lenders under this Section 10.4 and under Section 10.3(a): each
LIBOR Rate Loan made by a Lender (and each related reserve, special deposit or similar requirement)
shall be conclusively deemed to have been funded at the LIBOR used in determining the interest rate
for such LIBOR Rate Loan by a matching deposit or other borrowing in the interbank Eurodollar
market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan is
in fact so funded.

 

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10.5 Inability to Determine Rates. If Agent shall have determined in good faith that
for any reason adequate and reasonable means do not exist for ascertaining the LIBOR for any
requested Interest Period with respect to a proposed LIBOR Rate Loan or that the LIBOR applicable
pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed
LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or
maintaining such Loan, Agent will forthwith give notice of such determination to Borrower and each
Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder
shall be suspended until Agent revokes such notice in writing. Upon receipt of such notice,
Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by
it. If Borrower does not revoke such notice, the Lenders shall make, convert or continue the
Loans, as proposed by Borrower, in the amount specified in the applicable notice submitted by
Borrower, but such Loans shall be made, converted or continued as Base Rate Loans.

10.6 Reserves on LIBOR Rate Loans. Borrower shall pay to each Lender, as long as such
Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with
respect to liabilities or assets consisting of or including Eurocurrency funds or deposits
(currently known as “Eurocurrency liabilities”), additional costs on the unpaid principal amount of
each LIBOR Rate Loan equal to actual costs of such reserves allocated to such Loan by such Lender
(as determined by such Lender in good faith, which determination shall be conclusive absent
manifest error), payable on each date on which interest is payable on such Loan provided Borrower
shall have received at least fifteen (15) days’ prior written notice (with a copy to Agent) of such
additional interest from the Lender. If a Lender fails to give notice fifteen (15) days prior to
the relevant Interest Payment Date, such additional interest shall be payable fifteen (15) days
from receipt of such notice.

10.7 Certificates of Lenders. Any Lender claiming reimbursement or compensation
pursuant to this Article X shall deliver to Borrower (with a copy to Agent) a certificate setting
forth in reasonable detail the amount payable to such Lender hereunder and such certificate shall
be conclusive and binding on Borrower in the absence of manifest error.

ARTICLE XI -

DEFINITIONS

11.1 Defined Terms. The following terms are defined in the Sections referenced
opposite such terms:

	 	 	 
	“Affected Lender”

	 	 9.22
	“Aggregate Excess Funding Amount”

	 	 1.11(e)
	“Agreement”

	 	Preamble
	“Applicable Percentage”

	 	 1.9(d)
	“Borrower”

	 	Preamble
	“Borrower Materials”

	 	 9.10(e)
	“EBITDA”

	 	Exhibit 4.2(b)
	“Event of Default”

	 	 7.1
	“Fee Letter”

	 	 1.9(a)
	“Fixed Charge Coverage Ratio”

	 	Exhibit 4.2(b)
	“GE Capital”

	 	Preamble
	“Indemnified Matters”

	 	 9.6
	“Indemnitee”

	 	 9.6

 

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	“Investments”

	 	 5.4
	“L/C Reimbursement Agreement”

	 	 1.1(b)
	“L/C Reimbursement Date”

	 	 1.1(b)
	“L/C Request”

	 	 1.1(b)
	“L/C Sublimit”

	 	 1.1(b)
	“Lender”

	 	Preamble
	“Letter of Credit Fee”

	 	 1.9(c)
	“Maximum Lawful Rate”

	 	 1.3(d)
	“Maximum Revolving Loan Balance”

	 	 1.1(a)
	“MNPI”

	 	 9.10(a)
	“Notice of Conversion/Continuation”

	 	 1.6(a)
	“OFAC”

	 	 3.26
	“Other Taxes”

	 	 10.1(c)
	“Owned Real Estate”

	 	 3.9(a)
	“Participant Register”

	 	 9.9(f)
	“Partnership”

	 	 Recitals
	“Permitted Liens”

	 	 5.1
	“Register”

	 	 1.4(b)
	“Restricted Payments”

	 	 5.11
	“Replacement Lender”

	 	 9.22
	“Revolving Loan Commitment”

	 	 1.1(a)
	“Revolving Loan”

	 	 1.1(a)
	“Sale”

	 	 9.9(a)
	“SDN List”

	 	 3.26
	“Settlement Date”

	 	 1.11(b)
	“Tax Returns”

	 	 3.10
	“Taxes”

	 	 10.1(a)
	“Unused Commitment Fee”

	 	 1.9(b)

In addition to the terms defined elsewhere in this Agreement, the following terms have the
following meanings:

“Account” means, as at any date of determination, all “accounts” (as such term is
defined in the UCC) of Borrower and its Subsidiaries, including, without limitation, the unpaid
portion of the obligation of a customer of Borrower or any of its Subsidiaries in respect of
Inventory purchased by and shipped to such customer and/or the rendition of services by Borrower or
such Subsidiary, as stated on the respective invoice of Borrower or such Subsidiary, net of any
credits, rebates or offsets owed to such customer.

“Acquisition” means any transaction or series of related transactions for the purpose
of or resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the
assets of a Person, or of any business or division of a Person, (b) the acquisition of in excess of
fifty percent (50%) of the Stock and Stock Equivalents of any Person or otherwise causing any
Person to become a Subsidiary of Borrower, or (c) a merger or consolidation or any other
combination with another Person.

 

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“Affiliate” means, as to any Person, any other Person which, directly or indirectly,
is in control of, is controlled by, or is under common control with, such Person. A Person shall
be deemed to control another Person if the controlling Person possesses, directly or indirectly,
the power to direct or cause the direction of the management and policies of the other Person,
whether through the ownership of voting securities, by contract or otherwise. Without limitation,
any director, executive officer or beneficial owner of ten percent (10%) or more of the Stock
(either directly or through ownership of Stock Equivalents) of a Person shall for the purposes of
this Agreement, be deemed to be an Affiliate of such Person. Notwithstanding the foregoing,
neither Agent nor any Lender shall be deemed an “Affiliate” of any Credit Party or of any
Subsidiary of any Credit Party solely by reason of the provisions of the Loan Documents.

“Agent” means GE Capital in its capacity as administrative agent for the Lenders
hereunder, and any successor administrative agent.

“Aggregate Revolving Loan Commitment” means the combined Revolving Loan Commitments of
the Lenders, which shall initially be in the amount of $25,000,000, as such amount may be reduced
from time to time pursuant to this Agreement.

“Applicable Margin” means with respect to Revolving Loans: (i) if a Base Rate Loan,
three and one-quarter of one percent (3.25%) per annum, and (ii) if a LIBOR Rate Loan, four and
one-quarter of one percent (4.25%) per annum.

“Approved Fund” means, with respect to any Lender, any Person (other than a natural
Person) that (a) (i) 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 Business or (ii)
temporarily warehouses loans for any Lender or any Person described in clause (i) above and (b) is
advised or managed by (i) such Lender, (ii) any Affiliate of such Lender or (iii) any Person (other
than an individual) or any Affiliate of any Person (other than an individual) that administers or
manages such Lender.

“Assignment” means an assignment agreement entered into by a Lender, as assignor, and
any Person, as assignee, pursuant to the terms and provisions of Section 9.9 (with the consent of
any party whose consent is required by Section 9.9), accepted by Agent, substantially in the form
of Exhibit 11.1(a) or any other form approved by Agent.

“Attorney Costs” means and includes all reasonable fees and disbursements of any law
firm or other external counsel.

“Availability” means, as of any date of determination, the amount by which (a) the
Maximum Revolving Loan Balance, exceeds (b) the aggregate outstanding principal balance of
Revolving Loans.

“Bankruptcy Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et
seq.).

 

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“Base Rate” means, for any day, a rate per annum equal to the highest of (a) the rate
last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if
The Wall Street Journal ceases to quote such rate, the highest per annum interest rate
published by the Federal
Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as
the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted
therein (as determined by Agent) or any similar release by the Federal Reserve Board (as determined
by Agent), (b) the sum of 0.50% per annum and the Federal Funds Rate, and (c) the sum of (x) LIBOR
calculated for each such day based on an Interest Period of three months determined two (2)
Business Days prior to such day, plus (y) the excess of the Applicable Margin for LIBOR
Rate Loans over the Applicable Margin for Base Rate Loans, in each instance, as of such day. Any
change in the Base Rate due to a change in any of the foregoing shall be effective on the effective
date of such change in the “bank prime loan” rate, the Federal Funds Rate or LIBOR for an Interest
Period of three months.

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

“Benefit Plan” means any employee benefit plan as defined in Section 3(3) of ERISA
(other than any Multiemployer Plan) to which any Credit Party incurs or otherwise has any
Liability, contingent or otherwise.

“Borrowing” means a borrowing hereunder consisting of Loans made to or for the benefit
of Borrower on the same day by the Lenders pursuant to Article I.

“Business Day” means any day other than a Saturday, Sunday or other day on which
federal reserve banks are authorized or required by law to close and, if the applicable
Business Day relates to any LIBOR Rate Loan, a day on which dealings are carried on in the London
interbank market.

“Capital Adequacy Regulation” means any guideline, request or directive of any central
bank or other Governmental Authority, or any other law, rule or regulation, whether or not having
the force of law, in each case, regarding capital adequacy of any Lender or of any corporation
controlling a Lender.

“Capital Lease” means any leasing or similar arrangement which, in accordance with
GAAP, is classified as a capital lease.

“Capital Lease Obligations” means all monetary obligations of any Credit Party or any
Subsidiary of any Credit Party under any Capital Leases.

“Cash Equivalents” means (a) any readily-marketable securities (i) issued by, or
directly, unconditionally and fully guaranteed or insured by the United States federal government
or (ii) issued by any agency of the United States federal government the obligations of which are
fully backed by the full faith and credit of the United States federal government, (b) any
readily-marketable direct obligations issued by any other agency of the United States federal
government, any state of the United States or any political subdivision of any such state or any
public instrumentality thereof, in each case having a rating of at least “A-1” from S&P or at least
“P-1” from Moody’s, (c) any commercial paper rated at least “A-1” by S&P or “P-1” by Moody’s and
issued by any Person organized under the laws of any state of the United States, (d) any
Dollar-denominated time deposit, insured certificate of deposit, overnight bank deposit or bankers’
acceptance issued or accepted by (i) any Lender or (ii) any commercial bank that is (A) organized
under the

 

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laws of the United States, any state thereof or the District of Columbia, (B) “adequately capitalized” (as defined in the regulations of its primary federal banking
regulators) and (C) has Tier 1 capital (as defined in such regulations) in excess of $250,000,000
and (e) shares of any United States money market fund that (i) has substantially all of its assets
invested continuously in the types of investments referred to in clause (a), (b), (c) or (d) above
with maturities as set forth in the proviso below, (ii) has net assets in excess of $500,000,000
and (iii) has obtained from either S&P or Moody’s the highest rating obtainable for money market
funds in the United States; provided, however, that the maturities of all obligations specified in
any of clauses (a), (b), (c) or (d) above shall not exceed 365 days.

“Clean Down Period” means the period of 10 consecutive days designated by Borrower in
accordance with Section 6.3.

“Closing Date” means November 10, 2011.

“Code” means the Internal Revenue Code of 1986.

“Collateral” means all Property and interests in Property and proceeds thereof now
owned or hereafter acquired by any Credit Party, any of their respective Subsidiaries and any other
Person who has granted a Lien to Agent, in or upon which a Lien is granted or purported to be
granted now or hereafter exists in favor of any Lender or Agent for the benefit of Agent, Lenders
and other Secured Parties, whether under this Agreement or under any other documents executed by
any such Persons and delivered to Agent.

“Collateral Documents” means, collectively, the Guaranty and Security Agreement, the
Mortgages, each Control Agreement and all other security agreements, pledge agreements, patent and
trademark security agreements, lease assignments, guarantees and other similar agreements, and all
amendments, restatements, modifications or supplements thereof or thereto, by or between any one or
more of any Credit Party, any of their respective Subsidiaries or any other Person pledging or
granting a lien on Collateral or guaranteeing the payment and performance of the Obligations, and
any Lender or Agent for the benefit of Agent, the Lenders and other Secured Parties now or
hereafter delivered to the Lenders or Agent pursuant to or in connection with the transactions
contemplated hereby, and all financing statements (or comparable documents now or hereafter filed
in accordance with the UCC or comparable law) against any such Person as debtor in favor of any
Lender or Agent for the benefit of Agent, the Lenders and the other Secured Parties, as secured
party, as any of the foregoing may be amended, restated and/or modified from time to time.

“Commitment” means, for each Lender, the sum of its Revolving Loan Commitment.

“Commitment Percentage” means, as to any Lender, the percentage equivalent of such
Lender’s Revolving Loan Commitment divided by the Aggregate Revolving Loan Commitment; provided,
that following acceleration of the Loans, such term means, as to any Lender, the percentage
equivalent of the principal amount of the Loans held by such Lender, divided by the aggregate
principal amount of the Loans held by all Lenders.

“Commodity Agreement” means any commodity price protection agreement or other
commodity price hedging agreement.

 

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“Contingent Obligation” means, as to any Person, any direct or indirect liability,
contingent or otherwise, of that Person: (a) with respect to any Indebtedness, lease, dividend or
other obligation of another Person if the primary purpose or intent of the Person incurring such
liability, or the primary effect thereof, is to provide assurance to the obligee of such liability
that such liability will be paid or discharged, or that any agreements relating thereto will be
complied with, or that the holders of such liability will be protected (in whole or in part)
against loss with respect thereto; (b) under any Rate Contracts or Commodity Agreements; (c) to
make take-or-pay or similar payments if required regardless of nonperformance by any other party or
parties to an agreement; or (d) for the obligations of another Person through any agreement to
purchase, repurchase or otherwise acquire such obligation or any Property constituting security
therefor, to provide funds for the payment or discharge of such obligation or to maintain the
solvency, financial condition or any balance sheet item or level of income of another Person. The
amount of any Contingent Obligation shall be equal to the amount of the obligation so guaranteed or
otherwise supported or, if not a fixed and determined amount, the maximum reasonably anticipated
liability in respect thereof as determined by the guaranteeing or supporting person in good faith.

“Contractual Obligations” means, as to any Person, any provision of any security
issued by such Person or of any agreement, undertaking, contract, indenture, mortgage, deed of
trust or other instrument, document or agreement to which such Person is a party or by which it or
any of its Property is bound.

“Control Agreement” means a tri-party deposit account, securities account or
commodities account control agreement by and among the applicable Credit Party, Agent and the
depository, securities intermediary or commodities intermediary, and each in form and substance
reasonably satisfactory to Agent and in any event providing to Agent “control” of such deposit
account, securities or commodities account within the meaning of Articles 8 and 9 of the UCC.

“Conversion Date” means any date on which Borrower converts a Base Rate Loan to a
LIBOR Rate Loan or a LIBOR Rate Loan to a Base Rate Loan.

“Copyrights” means all rights, title and interests (and all related IP Ancillary
Rights) arising under any Requirement of Law in or relating to copyrights and all mask work,
database and design rights, whether or not registered or published, all registrations and
recordations thereof and all applications in connection therewith.

“Credit Parties” means Partnership, Borrower and each other Person (i) which executes
a guaranty of the Obligations, (ii) which grants a Lien on all or substantially all of its assets
to secure payment of the Obligations and (iii) all of the Stock of which is pledged to Agent for
the benefit of the Secured Parties.

“Default” means any event or circumstance which, with the giving of notice, the lapse
of time, or both, would (if not cured or otherwise remedied during such time) constitute an Event
of Default.

“Dollars”, “dollars” and “$” each mean lawful money of the United
States of America.

 

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“Domestic Subsidiary” means any Subsidiary incorporated, organized or otherwise formed
under the laws of the United States, any state thereof or the District of Columbia.

“Electronic Transmission” means each document, instruction, authorization, file,
information and any other communication transmitted, posted or otherwise made or communicated by
e-mail or E-Fax, or otherwise to or from an E-System or other equivalent service.

“Environmental Law” or “Environmental Laws” means any or all applicable Requirements
of Law imposing liability or standards of conduct for or relating to the regulation and protection
of human health, safety, the workplace, the environment and natural resources, and including public
notification requirements and environmental transfer of ownership, notification or approval
statutes. Environmental Laws shall include the Federal Insecticide, Fungicide and Rodenticide Act,
Resource Conservation & Recovery Act, Clean Water Act, Safe Drinking Water Act, Atomic Energy Act,
Occupational Safety and Health Act, Toxic Substances Control Act, Clean Air Act, Comprehensive
Environmental Response, Compensation and Liability Act, Emergency Planning and Community
Right-to-Know Act, Hazardous Materials Transportation Act and all analogous or related federal,
state or local laws, each as amended.

“Environmental Liabilities” means all Liabilities (including costs of Remedial
Actions, natural resource damages and costs and expenses of investigation and feasibility studies,
including the cost of environmental consultants and Attorneys Costs) that may be imposed on,
incurred by or asserted against any Credit Party or any Subsidiary of any Credit Party as a result
of, or related to, any claim, suit, action, investigation, proceeding or demand by any Person,
whether based in contract, tort, implied or express warranty, strict liability, criminal or civil
statute or common law or otherwise, arising under any Environmental Law or in connection with any
environmental, health or safety condition or with any Release and resulting from the ownership,
lease, sublease or other operation or occupation of property by any Credit Party or any Subsidiary
of any Credit Party, whether on, prior or after the date hereof.

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

“ERISA Affiliate” means, collectively, any Credit Party and any Person under common
control or treated as a single employer with, any Credit Party, within the meaning of Section
414(b), (c), (m) or (o) of the Code.

“ERISA Event” means any of the following: (a) a “reportable event” described in
Section 4043(b) of ERISA (or, unless the 30-day notice requirement has been duly waived under the
applicable regulations, Section 4043(c) of ERISA) with respect to a Title IV Plan; (b) the
withdrawal of any ERISA Affiliate from a Title IV Plan subject to Section 4063 of ERISA during a
plan year in which it was a “substantial employer,” as defined in Section 4001(a)(2) of ERISA; (c)
the complete or partial withdrawal (within the meanings of Sections 4203 and 4205 of ERISA) of any
ERISA Affiliate from any Multiemployer Plan; (d) with respect to any Multiemployer Plan, the filing
of a notice of reorganization, insolvency or termination (or treatment of a plan amendment as
termination) under Section 4041A of ERISA; (e) the filing of a notice of intent to terminate a
Title IV Plan (or treatment of a plan amendment as

 

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termination) under Section 4041 of ERISA; (f)
the institution of proceedings to terminate a Title IV Plan or Multiemployer Plan by the PBGC; (g) the failure to make any required contribution to any Title
IV Plan or Multiemployer Plan when due; (h) the imposition of a lien under Section 430(k) of the
Code or Section 303 or 4068 of ERISA on any property (or rights to property, whether real or
personal) of any ERISA Affiliate; (i) the failure of a Benefit Plan or any trust thereunder
intended to qualify for tax exempt status under Section 401(a) or 501(a) of the Code; (j) a Title
IV Plan is in “at risk” status within the meaning of Code Section 430(i); (k) a Multiemployer Plan
is in “endangered status” or “critical status” within the meaning of Section 432(b) of the Code;
and (l) any other event or condition that would reasonably be expected to constitute grounds under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Title IV Plan or Multiemployer Plan or for the imposition of any material liability upon any ERISA
Affiliate under Title IV of ERISA other than for PBGC premiums due but not delinquent.

“Excluded Subsidiary” means any (i) Foreign Subsidiary, (ii) Domestic Subsidiary which
is directly or indirectly owned by one or more Foreign Subsidiaries or (iii) Domestic Subsidiary
substantially all the assets of which consist of Stock, Stock Equivalents or Indebtedness of one or
more Foreign Subsidiaries or cash or Cash Equivalents related thereto.

“Excluded Tax” means with respect to any Secured Party (a) taxes measured by net
income (including branch profit taxes) and franchise taxes imposed in lieu of net income taxes, in
each case imposed by the jurisdiction (or any subdivision thereof) where such Secured Party is
organized or has its Lending Office or as a result of a present or former connection between such
Secured Party and the jurisdiction of the Governmental Authority imposing such tax or any political
subdivision or taxing authority thereof or therein (other than such connection arising solely from
any Secured Party having executed, delivered or performed its obligations or received a payment
under, or enforced, any Loan Document); (b) withholding taxes to the extent that the obligation to
withhold amounts arises under Requirements of Law that existed on the date that such Person became
a “Secured Party” under this Agreement in the capacity under which such Person makes a claim under
Section 10.1(b) or designates a new Lending Office, except in each case to the extent such Person
is an assignee (other than pursuant to Section 9.22) of any other Secured Party that was entitled,
at the time the assignment to such Person became effective, to receive additional amounts under
Section 10.1(b); (c) taxes attributable to the failure (other than as a result of a change in any
Requirement of Law) by any Secured Party to deliver the documentation required to be delivered
pursuant to Section 10.01(f), and (d) in the case of a Non-U.S. Lender Party, any United States
federal withholding taxes imposed pursuant to FATCA.

“E-Fax” means any system used to receive or transmit faxes electronically.

“E-Signature” means the process of attaching to or logically associating with an
Electronic Transmission an electronic symbol, encryption, digital signature or process (including
the name or an abbreviation of the name of the party transmitting the Electronic Transmission) with
the intent to sign, authenticate or accept such Electronic Transmission.

“E-System” means any electronic system approved by Agent, including Intralinks® and
ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned,
operated or hosted by Agent, any of its Related Persons or any other Person, providing for access
to data protected by passcodes or other security system.

 

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“FATCA” means sections 1471, 1472, 1473 and 1474 of the Code (including any amendments
thereto or successor version thereof which is substantially comparable), the United States Treasury
Regulations promulgated thereunder and published guidance with respect thereto.

“Federal Flood Insurance” means Federally backed Flood Insurance available under the
National Flood Insurance Program to owners of real property improvements located in Special Flood
Hazard Areas in a community participating in the National Flood Insurance Program.

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal Funds transactions with members of the Federal Reserve
System arranged by Federal Funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day, provided that if no such rate is so
published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the
average rate quoted to Agent on such day on such transactions as determined by Agent in a
commercially reasonable manner.

“Federal Reserve Board” means the Board of Governors of the Federal Reserve System, or
any entity succeeding to any of its principal functions.

“FEMA” means the Federal Emergency Management Agency, a component of the U.S.
Department of Homeland Security that administers the National Flood Insurance Program.

“Final Availability Date” means the earlier of the Revolving Termination Date and one
(1) Business Day prior to the date specified in clause (a) of the definition of Revolving
Termination Date.

“FIRREA” means the Financial Institutions Reform, Recovery and Enforcement Act of
1989, as amended.

“First Tier Foreign Subsidiary” means a Foreign Subsidiary held directly by a Credit
Party.

“Fiscal Quarter” means any of the quarterly accounting periods of the Credit Parties
ending on March 31, June 30, September 30 and December 31 of each year.

“Fiscal Year” means any of the annual accounting periods of the Credit Parties ending
on (i) September 30 of each year, or (ii) December 31 of each year if the Credit Parties change
their annual accounting period in accordance with Section 5.14(ii).

“Flood Insurance” means, for any Real Estate located in a Special Flood Hazard Area,
Federal Flood Insurance or private insurance that meets the requirements set forth by FEMA in its
Mandatory Purchase of Flood Insurance Guidelines. Flood Insurance shall be in an amount equal to
the full, unpaid balance of the Loans and any prior liens on the Real Estate up to the maximum
policy limits set under the National Flood Insurance Program, or as otherwise required by Agent,
with deductibles not to exceed $50,000.

 

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“Foreign Subsidiary” means, with respect to any Person, a Subsidiary of such Person,
which Subsidiary is not a Domestic Subsidiary.

“GAAP” means generally accepted accounting principles in the United States set forth
from time to time in the opinions and pronouncements of the Accounting Principles Board and the
American Institute of Certified Public Accountants and statements and pronouncements of the
Financial Accounting Standards Board (or agencies with similar functions of comparable stature and
authority within the accounting profession), including, without limitation, the FASB Accounting
Standards CodificationTM, which are applicable to the circumstances as of the date of determination,
subject to Section 11.3 hereof.

“Governmental Authority” means any nation or government, any state or other political
subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any
entity exercising executive, legislative, judicial, regulatory or administrative functions of or
pertaining to government, and any corporation or other entity owned or controlled, through stock or
capital ownership or otherwise, by any of the foregoing.

“GP” means Rentech Nitrogen GP, LLC, a Delaware limited liability company.

“Guaranty and Security Agreement” means that certain Guaranty and Security Agreement,
dated as of even date herewith, in form and substance reasonably acceptable to Agent and Borrower,
made by the Credit Parties in favor of Agent, for the benefit of the Secured Parties, as the same
may be amended, restated and/or modified from time to time.

“Hazardous Materials” means any hazardous or toxic substances, wastes or other
pollutants that are regulated as “hazardous” or “toxic,” or as a “pollutant” or a “contaminant”
under any Environmental Law, including but not limited to any “Hazardous Waste” as defined by the
Resource Conservation and Recovery Act (RCRA) (42 U.S.C. § 6901 et seq. (1976)), any “Hazardous
Substance” as defined under the Comprehensive Environmental Response, Compensation, and Liability
Act (CERCLA) (42 U.S.C. §9601 et seq. (1980)), including petroleum hydrocarbons or petroleum
products, asbestos, asbestos containing material, polychlorinated biphenyls, mold, and radioactive
substances or any other substance that is toxic, ignitable, reactive, corrosive, caustic, or
dangerous.

“Impacted Lender” means any Lender that fails to provide Agent, within three (3)
Business Days following Agent’s written request, satisfactory assurance that such Lender will not
become a Non-Funding Lender, or any Lender that has a Person that directly or indirectly controls
such Lender and such Person (a) becomes subject to a voluntary or involuntary case under the
Bankruptcy Code or any similar bankruptcy laws, (b) has appointed a custodian, conservator,
receiver or similar official for such Person or any substantial part of such Person’s assets, or
(c) makes a general assignment for the benefit of creditors, is liquidated, or is otherwise
adjudicated as, or determined by any Governmental Authority having regulatory authority over such
Person or its assets to be, insolvent or bankrupt, and for each of clauses (a) through (c), Agent
has determined that such Lender is reasonably likely to become a Non-Funding Lender. For purposes
of this definition, control of a Person shall have the same meaning as in the second sentence of
the definition of Affiliate.

 

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“Indebtedness” of any Person means, without duplication: (a) all indebtedness for
borrowed money; (b) all obligations issued, undertaken or assumed as the deferred purchase price of
Property or services, including earnouts (other than trade payables entered into in the Ordinary
Course of Business); (c) the face amount of all letters of credit issued for the account of such
Person and without duplication, all drafts drawn thereunder and all reimbursement or payment
obligations with respect to letters of credit, surety bonds and other similar instruments issued by
such Person; (d) all obligations evidenced by notes, bonds, debentures or similar instruments,
including obligations so evidenced incurred in connection with the acquisition of Property, assets
or businesses; (e) all indebtedness created or arising under any conditional sale or other title
retention agreement, or incurred as financing, in either case with respect to Property acquired by
the Person (even though the rights and remedies of the seller or bank under such agreement in the
event of default are limited to repossession or sale of such Property); (f) all Capital Lease
Obligations; (g) the principal balance outstanding under any synthetic lease, off-balance sheet
loan or similar off balance sheet financing product; (h) all obligations, whether or not
contingent, to purchase, redeem, retire, defease or otherwise acquire for value any of its own
Stock or Stock Equivalents (or any Stock or Stock Equivalent of a direct or indirect parent entity
thereof) prior to the date that is 180 days after the Revolving Loan Termination Date, valued at,
in the case of redeemable preferred Stock, the greater of the voluntary liquidation preference and
the involuntary liquidation preference of such Stock plus accrued and unpaid dividends; (i) all
indebtedness referred to in clauses (a) through (h) above secured by (or for which the holder of
such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon
or in Property (including accounts and contracts rights) owned by such Person, even though such
Person has not assumed or become liable for the payment of such indebtedness; and (j) all
Contingent Obligations described in clause (a) of the definition thereof in respect of indebtedness
or obligations of others of the kinds referred to in clauses (a) through (i) above.

“Indemnified Taxes” means all Taxes other than Excluded Taxes.

“Insolvency Proceeding” means (a) any case, action or proceeding before any court or
other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation,
receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the
benefit of creditors, composition, marshaling of assets for creditors, or other, similar
arrangement in respect of its creditors generally or any substantial portion of its creditors; in
each case in (a) and (b) above, undertaken under U.S. Federal, state or foreign law, including the
Bankruptcy Code.

“Intellectual Property” means all rights, title and interests in or relating to
intellectual property arising under any Requirement of Law and all IP Ancillary Rights relating
thereto, including all Copyrights, Patents, Trademarks, Internet Domain Names, Trade Secrets and IP
Licenses.

“Interest Payment Date” means, (a) with respect to any LIBOR Rate Loan (other than a
LIBOR Rate Loan having an Interest Period of six (6) months) the last day of each Interest Period
applicable to such Loan, (b) with respect to any LIBOR Rate Loan having an Interest Period of six
(6) months, the last day of each three (3) month interval and, without duplication, the last day of
such Interest Period, and (c) with respect to Base Rate Loans the first day of each Fiscal Quarter.

 

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“Interest Period” means, with respect to any LIBOR Rate Loan, the period commencing on
the Business Day such Loan is disbursed or continued or on the Conversion Date on which a Base Rate
Loan is converted to the LIBOR Rate Loan and ending on the date one, two, three or six months
thereafter, as selected by Borrower in its Notice of Borrowing or Notice of
Conversion/Continuation; provided that:

(a) if any Interest Period pertaining to a LIBOR Rate Loan would otherwise end on a day which
is not a Business Day, that Interest Period shall be extended to the next succeeding Business Day
unless the result of such extension would be to carry such Interest Period into another calendar
month, in which event such Interest Period shall end on the immediately preceding Business Day;

(b) any Interest Period pertaining to a LIBOR Rate Loan that begins on the last Business Day
of a calendar month (or on a day for which there is no numerically corresponding day in the
calendar month at the end of such Interest Period) shall end on the last Business Day of the
calendar month at the end of such Interest Period; and

(c) no Interest Period for any Revolving Loan shall extend beyond the Revolving Termination
Date.

“Internet Domain Name” means all right, title and interest (and all related IP
Ancillary Rights) arising under any Requirement of Law in or relating to internet domain names.

“Inventory” means all of the “inventory” (as such term is defined in the UCC)
of Borrower and its Subsidiaries, including, but not limited to, all merchandise, raw materials,
parts, supplies, work in process and finished goods intended for sale, together with all the
containers, packing, packaging, shipping and similar materials related thereto, and including such
inventory as is temporarily out of Borrower’s or such Subsidiary’s custody or possession, including
inventory on the premises of others and items in transit.

“IP Ancillary Rights” means, with respect to any other Intellectual Property, as
applicable, all foreign counterparts to, and all divisionals, reversions, continuations,
continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual
Property and all income, royalties, proceeds and Liabilities at any time due or payable or asserted
under or with respect to any of the foregoing or otherwise with respect to such Intellectual
Property, including all rights to sue or recover at law or in equity for any past, present or
future infringement, misappropriation, dilution, violation or other impairment thereof, and, in
each case, all rights to obtain any other IP Ancillary Right.

“IP License” means all Contractual Obligations (and all related IP Ancillary Rights),
whether written or oral, granting any right, title and interest in or relating to any Intellectual
Property.

“IRS” means the Internal Revenue Service of the United States and any successor
thereto.

“Issue” means, with respect to any Letter of Credit, to issue, extend the expiration
date of, renew (including by failure to object to any automatic renewal on the last day such
objection is permitted), increase the face amount of, or reduce or eliminate any scheduled decrease
in the
face amount of, such Letter of Credit, or to cause any Person to do any of the foregoing. The
terms “Issued” and “Issuance” have correlative meanings.

 

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“Joint Venture” means an investment (including capital contributions or capital
commitments) by a Credit Party in any corporation, general or limited partnership or other type of
entity with one or more Joint Venture Partners in which such Credit Party owns, directly or
indirectly, 50% or less of the outstanding Stock or interest in such corporation, partnership or
other entity.

“Joint Venture Certificate” means a certificate substantially in the form of Exhibit
5.4.

“Joint Venture Partner” means a Person that is not an Affiliate of a Credit Party that
makes an investment in a Joint Venture with a Credit Party.

“L/C Issuer” means any Lender or an Affiliate thereof or a bank or other legally
authorized Person, in each case, reasonably acceptable to Agent, in such Person’s capacity as an
issuer of Letters of Credit hereunder.

“L/C Reimbursement Obligation” means, for any Letter of Credit, the obligation of
Borrower to the L/C Issuer thereof or to Agent, as and when matured, to pay all amounts drawn under
such Letter of Credit.

“Leased Real Estate” shall mean the parcels of land more fully described on
Schedule 3.9, under the heading “Leased Real Estate”, together with all plants, buildings,
structures, installations, fixtures, fittings, improvements, betterments and additions situated
thereon, all privileges and appurtenances thereto, all easements and rights-of-way used or useful
in connection therewith, and all rights and privileges under the Real Estate Leases thereto.

“Lending Office” means, with respect to any Lender, the office or offices of such
Lender specified as its “Lending Office” beneath its name on the applicable signature page hereto,
or such other office or offices of such Lender as it may from time to time notify Borrower and
Agent.

“Letter of Credit” means documentary or standby letters of credit issued for the
account of Borrower by L/C Issuers, and bankers’ acceptances issued by Borrower, for which Agent
and Lenders have incurred Letter of Credit Obligations.

“Letter of Credit Obligations” means all outstanding obligations incurred by Agent and
Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not
due, in connection with the issuance of Letters of Credit by L/C Issuers or the purchase of a
participation as set forth in Section 1.1(b) with respect to any Letter of Credit. The amount of
such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent and
Lenders thereupon or pursuant thereto.

“Liabilities” means all claims, actions, suits, judgments, damages, losses, liability,
obligations, responsibilities, fines, penalties, sanctions, costs, fees, taxes, commissions,
charges, disbursements and expenses, in each case of any kind or nature (including interest accrued
thereon or as a result thereto and fees, charges and disbursements of financial, legal and other
advisors and consultants), whether joint or several, whether or not indirect, contingent,
consequential, actual, punitive, treble or otherwise.

 

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“LIBOR” means, for each Interest Period, the offered rate per annum for deposits of
Dollars for the applicable Interest Period that appears on Reuters Screen LIBOR01 Page as of 11:00
A.M. (London, England time) two (2) Business Days prior to the first day in such Interest Period.
If no such offered rate exists, such rate will be the rate of interest per annum, as determined by
Agent at which deposits of Dollars in immediately available funds are offered at 11:00 A.M.
(London, England time) two (2) Business Days prior to the first day in such Interest Period by
major financial institutions reasonably satisfactory to Agent in the London interbank market for
such Interest Period for the applicable principal amount on such date of determination.

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

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge or
deposit arrangement, encumbrance, lien (statutory or otherwise) or preference, priority or other
security interest or preferential arrangement of any kind or nature whatsoever (including those
created by, arising under or evidenced by any conditional sale or other title retention agreement,
the interest of a lessor under a Capital Lease, any financing lease having substantially the same
economic effect as any of the foregoing, or the filing of any financing statement naming the owner
of the asset to which such lien relates as debtor, under the UCC or any comparable law) and any
contingent or other agreement to provide any of the foregoing, but not including the interest of a
lessor under a lease which is not a Capital Lease.

“Loan” means an extension of credit by a Lender to Borrower pursuant to Article I, and
may be a Base Rate Loan or a LIBOR Rate Loan.

“Loan Documents” means this Agreement, the Notes, the Fee Letter, the Collateral
Documents, the Master Agreement for Standby Letters of Credit, the Master Agreement for Documentary
Letters of Credit and all documents executed or acknowledged by a Credit Party and delivered to
Agent and/or any Lender in connection with any of the foregoing.

“Margin Stock” means “margin stock” as such term is defined in Regulation T, U
or X of the Federal Reserve Board.

“Material Adverse Effect” means: (a) a material adverse change in, or a material
adverse effect upon, the operations, business, Properties, condition (financial or otherwise) or
prospects of any Credit Party or the Credit Parties and their Subsidiaries taken as a whole; (b) a
material impairment of the ability of any Credit Party, any Subsidiary of any Credit Party or any
other Person (other than Agent or Lenders) to perform in any material respect its obligations under
any Loan Document; or (c) a material adverse effect upon (i) the legality, validity, binding effect
or enforceability of any Loan Document, or (ii) the perfection or priority of any Lien granted to
the Lenders or to Agent for the benefit of the Secured Parties under any of the Collateral
Documents.

“Material Environmental Liabilities” means Environmental Liabilities exceeding
$2,500,000 in the aggregate.

 

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“Mortgage” means any deed of trust, leasehold deed of trust, mortgage, leasehold
mortgage, deed to secure debt, leasehold deed to secure debt or other document creating a Lien on
Real Estate or any interest in Real Estate.

“Multiemployer Plan” means any multiemployer plan, as defined in Section 3(37) or
4001(a)(3) of ERISA, as to which any ERISA Affiliate incurs or otherwise has any Liability,
contingent or otherwise.

“National Flood Insurance Program” means the program created by the U.S. Congress
pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973,
as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood
insurance to cover real property improvements located in Special Flood Hazard Areas in
participating communities and provides protection to property owners through a Federal insurance
program.

“Non-Funding Lender” means any Lender that has (a) failed to fund any payments
required to be made by it under the Loan Documents within two (2) Business Days after any such
payment is due (excluding expense and similar reimbursements that are subject to good faith
disputes), (b) given written notice (and Agent has not received a revocation in writing), to
Borrower, Agent, any Lender, or the L/C Issuer or has otherwise publicly announced (and Agent has
not received notice of a public retraction) that such Lender believes it will fail to fund payments
or purchases of participations required to be funded by it under the Loan Documents or one or more
other syndicated credit facilities, (c) failed to fund, and not cured, loans, participations,
advances, or reimbursement obligations under one or more other syndicated credit facilities,
unless subject to a good faith dispute, or (d) any Lender that has (i) become subject to a
voluntary or involuntary case under the Bankruptcy Code or any similar bankruptcy laws, (ii) a
custodian, conservator, receiver or similar official appointed for it or any substantial part of
such Person’s assets, or (iii) made a general assignment for the benefit of creditors, been
liquidated, or otherwise been adjudicated as, or determined by any Governmental Authority having
regulatory authority over such Person or its assets to be, insolvent or bankrupt, and for clause
(d), and Agent has determined that such Lender is reasonably likely to fail to fund any payments
required to be made by it under the Loan Documents.

“Non-U.S. Lender Party” means each of Agent, each Lender, each L/C Issuer, each SPV
and each participant, in each case that is not a United States person as defined in Section
7701(a)(30) of the Code.

“Note” means any Revolving Note and “Notes” means all such Notes.

“Notice of Borrowing” means a notice given by Borrower to Agent pursuant to Section
1.5, in substantially the form of Exhibit 11.1(c) hereto.

“Obligations” means all Loans, and other Indebtedness, advances, debts, liabilities,
obligations, covenants and duties owing by any Credit Party to any Lender, Agent, any L/C Issuer,
any Secured Swap Provider or any other Person required to be indemnified, that arises under any
Loan Document or any Secured Rate Contract, whether or not for the payment of money, whether
arising by reason of an extension of credit, loan, guaranty, indemnification or in
any other manner, whether direct or indirect (including those acquired by assignment),
absolute or contingent, due or to become due, now existing or hereafter arising and however
acquired.

 

91

 

“Ordinary Course of Business” means, in respect of any transaction involving any
Person, the ordinary course of such Person’s business, as conducted by any such Person and
undertaken by such Person in good faith and not for purposes of evading any covenant or restriction
in any Loan Document.

“Organization Documents” means, (a) for any corporation, the certificate or articles
of incorporation, the bylaws, any certificate of determination or instrument relating to the rights
of preferred shareholders of such corporation, and any shareholder rights agreement, (b) for any
partnership, the partnership agreement and, if applicable, certificate of limited partnership, (c)
for any limited liability company, the operating agreement and articles or certificate of formation
or (d) any other document setting forth the manner of election or duties of the officers,
directors, managers or other similar persons, or the designation, amount or relative rights,
limitations and preference of the Stock of a Person.

“Partnership Agreement” means that certain Second Amended and Restated Agreement of
Limited Partnership of Rentech Nitrogen Partnership, L.P., dated as of November 9, 2011, by and
among GP, Partnership and the other Persons party thereto from time to time.

“Patents” means all rights, title and interests (and all related IP Ancillary Rights)
arising under any Requirement of Law in or relating to letters patent and applications therefor.

“Patriot Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, P.L. 107-56, as amended.

“PBGC” means the United States Pension Benefit Guaranty Corporation any successor
thereto.

“Permits” means, with respect to any Person, any permit, approval, authorization,
license, registration, certificate, concession, grant, franchise, variance or permission from, and
any other Contractual Obligations with, any Governmental Authority, in each case whether or not
having the force of law and applicable to or binding upon such Person or any of its property or to
which such Person or any of its property is subject.

“Permitted Acquisition” means any Acquisition by (i) a Credit Party (other than
Partnership) of substantially all of the assets of a Target, which assets are located in the United
States or (ii) a Credit Party of more than 50% of the Stock and Stock Equivalents of a Target
organized under the laws of any State in the United States or the District of Columbia, in each
case, to the extent that each of the following conditions shall have been satisfied:

(a) to the extent the Acquisition will be financed in whole or in part with the proceeds of
any Loan, the conditions set forth in Section 2.2 shall have been satisfied;

 

92

 

(b) Borrower shall have notified Agent and Lenders of such proposed Acquisition at least ten
(10) Business Days prior to the consummation thereof and furnished to Agent and Lenders at least
five (5) Business Days prior to the consummation thereof (1) an executed term
sheet and/or letter of intent (setting forth in reasonable detail the terms and conditions of
such Acquisition) and, at the request of Agent, such other information and documents that Agent may
request, including, without limitation, executed counterparts of the respective agreements,
documents or instruments pursuant to which such Acquisition is to be consummated (including,
without limitation, any related management, non-compete, employment, option or other material
agreements), any schedules to such agreements, documents or instruments and all other material
ancillary agreements, instruments and documents to be executed or delivered in connection
therewith, (2) pro forma financial statements of Partnership and its Subsidiaries after giving
effect to the consummation of such Acquisition, (3) a certificate of a Responsible Officer of
Borrower demonstrating on a pro forma basis compliance with the covenants set forth in Sections 6.1
and 6.2 after giving effect to the consummation of such Acquisition, and (4) copies of such other
agreements, instruments and other documents as Agent reasonably shall request;

(c) Borrower and its Subsidiaries (including any new Subsidiary) shall execute and deliver the
agreements, instruments and other documents required by Section 4.13 and Agent shall have received,
for the benefit of the Secured Parties, a collateral assignment of the seller’s representations,
warranties and indemnities to Borrower or any of its Subsidiaries under the acquisition documents;

(d) such Acquisition shall not be hostile and shall have been approved by the board of
directors (or other similar body) and/or the stockholders or other equityholders of the Target;

(e) no Default or Event of Default shall then exist or would exist after giving effect
thereto;

(f) after giving effect to such Acquisition, the Availability shall be not less than
$10,000,000;

(g) the total consideration paid or payable (including without limitation, all transaction
costs, assumed Indebtedness and Liabilities incurred, assumed or reflected on a consolidated
balance sheet of the Credit Parties and their Subsidiaries after giving effect to such Acquisition
and the maximum amount of all deferred payments, including earnouts) for all Acquisitions
consummated during the term of this Agreement shall not exceed $2,000,000 in the aggregate for all
such Acquisitions; and

(h) the Target has EBITDA, subject to pro forma adjustments acceptable to Agent, for the most
recent four quarters prior to the acquisition date for which financial statements are available,
greater than zero.

“Permitted Refinancing” means Indebtedness constituting a refinancing or extension of
Indebtedness permitted under Section 5.5(c) or 5.5(d) that (a) has an aggregate outstanding
principal or commitment amount not greater than the aggregate principal or commitment amount of
the Indebtedness being refinanced or extended, (b) has a weighted average maturity (measured as of
the date of such refinancing or extension) and maturity no shorter than that of the Indebtedness
being refinanced or extended, (c) is not entered into as part of a sale leaseback transaction, (d)
is not secured by a Lien on any assets other than the collateral securing the Indebtedness being
refinanced or extended, (e) the obligors of which are the same (or reduced) as
the obligors of the Indebtedness being refinanced or extended and (f) is otherwise on terms
not materially less favorable to the Credit Parties, taken as a whole, than those of the
Indebtedness being refinanced or extended.

 

93

 

“Permitted Sale/Leaseback Transactions” means the sale of personal property by a
Person with the intent to lease such personal property as lessee, provided that the value of all
personal property sold does not exceed $1,000,000 in the aggregate for all such transactions.

“Person” means an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture or
Governmental Authority.

“Prior Lender” means Credit Suisse AG, Cayman Islands Branch, as administrative agent
and collateral agent under that certain Credit Agreement date June 10, 2011, by and among Rentech
Energy Midwest Corporation, as borrower, the other credit parties party thereto, the other lenders
party thereto, and Prior Lender.

“Property” means any interest in any kind of property or asset, whether real, personal
or mixed, and whether tangible or intangible, including the Real Estate.

“Rate Contracts” means swap agreements (as such term is defined in Section 101 of the
Bankruptcy Code) and any other agreements or arrangements designed to provide protection against
fluctuations in interest or currency exchange rates but excluding Commodity Agreements.

“RDC” means Rentech Development Corporation, a Colorado corporation.

“Real Estate” means, collectively, the Owned Real Estate and Leased Real Estate.

“Real Estate Leases” shall mean all leases, lease guaranties, subleases, licenses,
easements, and agreements, whether written or oral, for the leasing, use or occupancy of, or
otherwise granting a right in or relating to the Leased Real Estate, including all amendments,
terminations and modifications thereof.

“Registration Statement” shall mean that certain Form S-1 Registration Statement No.
333-176065 filed on August 5, 2011, as amended from time to time.

“Related Agreements” means all agreements and documents executed and delivered in
connection with the Related Transactions, including the Contribution, Conveyance and Assignment
Agreement dated as of November 9, 2011, by and among Rentech, RDC, RNHI, GP, Partnership and REMC
and the Certificate of Conversion of REMC filed with the Secretary of State of the State of
Delaware on November 7, 2011, and effective as of November 9, 2011.

“Related Persons” means, with respect to any Person, each Affiliate of such Person and
each director, officer, employee, agent, trustee, representative, attorney, accountant and each
insurance, environmental, legal, financial and other advisor (including those retained in
connection with the satisfaction or attempted satisfaction of any condition set forth in Article
II) and other consultants and agents of or to such Person or any of its Affiliates.

 

94

 

“Related Transactions” means the transactions contemplated by the Related Agreements
and includes the following: (a) the contribution of the Stock or Stock Equivalents of Borrower by
RDC to RNHI; (b) the contribution of the Stock or Stock Equivalents of Borrower by RNHI to
Partnership; (c) the conversion of Borrower from Rentech Energy Midwest Corporation, a Delaware
corporation, to Rentech Nitrogen, LLC, a Delaware limited liability company; (d) the initial public
offering of 15,000,000 common units (or up to 17,250,000 common units if the underwriters exercise
all or any portion of their option to purchase additional common units) of Partnership; and (e) the
capital contribution of approximately $198.9 million from Partnership to Borrower.

“Releases” means any release, spill, emission, leaking, pumping, pouring, emptying,
injection, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous
Material into or through the environment.

“REMC” means Rentech Energy Midwest Corporation, a Delaware corporation.

“Remedial Action” means all actions required to (a) clean up, remove, treat or in any
other way address any Hazardous Material in the indoor or outdoor environment, (b) prevent or
minimize any Release so that a Hazardous Material does not migrate or endanger or threaten to
endanger public health or welfare or the indoor or outdoor environment or (c) perform pre remedial
studies and investigations and post-remedial monitoring and care with respect to any Hazardous
Material.

“Rentech” means Rentech, Inc., a Colorado corporation.

“Required Lenders” means at any time (a) Lenders then holding more than fifty percent
(50%) of the sum of the Aggregate Revolving Loan Commitment then in effect, or (b) if the Aggregate
Revolving Loan Commitments have terminated, Lenders then holding more than fifty percent (50%) of
the sum of the aggregate unpaid principal amount of Loans then outstanding, outstanding Letter of
Credit Obligations.

“Requirement of Law” means, as to any Person, any law (statutory or common),
ordinance, treaty, rule, regulation, order, other legal requirement or determination of an
arbitrator or of a Governmental Authority, in each case applicable to or binding upon such Person
or any of its Property or to which such Person or any of its Property is subject.

“Responsible Officer” means the chief executive officer or the president of Borrower
or any other officer having substantially the same authority and responsibility; or, with respect
to compliance with financial covenants or delivery of financial information, the chief financial
officer, the treasurer, principal accounting officer, assistant treasurer or controller of Borrower
or any other officer having substantially the same authority and responsibility.

“Revolving Lender” means each Lender with a Revolving Loan Commitment (or if the
Revolving Loan Commitments have terminated, who hold Revolving Loans).

“Revolving Note” means a promissory note of Borrower payable to a Lender in
substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of Borrower under
the Revolving Loan Commitment of such Lender.

 

95

 

“Revolving Termination Date” means the earlier to occur of: (a) November 10, 2013; and
(b) the date on which the Aggregate Revolving Loan Commitment shall terminate in accordance with
the provisions of this Agreement.

“RNHI” means Rentech Nitrogen Holdings, Inc., a Delaware corporation.

“Secured Party” means Agent, each Lender, each L/C Issuer, each other Indemnitee and
each other holder of any Obligation of a Credit Party including each Secured Swap Provider.

“Secured Rate Contract” means any Rate Contract between Borrower and the counterparty
thereto, which (i) has been provided or arranged by GE Capital or an Affiliate of GE Capital, or
(ii) Agent has acknowledged in writing constitutes a “Secured Rate Contract” hereunder.

“Secured Swap Provider” means (i) a Lender or an Affiliate of a Lender (or a Person
who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate
Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom
Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an
Affiliate of GE Capital, and any assignee thereof.

“Software” means (a) all computer programs, including source code and object code
versions, (b) all data, databases and compilations of data, whether machine readable or otherwise,
and (c) all documentation, training materials and configurations related to any of the foregoing.

“Solvent” means, with respect to any Person as of any date of determination, that, as
of such date, (a) the value of the assets of such Person (both at fair value and present fair
saleable value) is greater than the total amount of liabilities (including contingent and
unliquidated liabilities) of such Person, (b) such Person is able to pay all liabilities of such
Person as such liabilities mature and (c) such Person does not have unreasonably small capital. In
computing the amount of contingent or unliquidated liabilities at any time, such liabilities shall
be computed at the amount that, in light of all the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or matured liability.

“Special Flood Hazard Area” means an area that FEMA’s current flood maps indicate has
at least a one percent (1%) chance of a flood equal to or exceeding the base flood elevation (a
100-year flood) in any given year.

“SPV” means any special purpose funding vehicle identified as such in a writing by any
Lender to Agent.

“Stock” means all shares of capital stock (whether denominated as common stock or
preferred stock), equity interests, beneficial, partnership or membership interests, joint venture
interests, participations or other ownership or profit interests in or equivalents (regardless of
how designated) of or in a Person (other than an individual), whether voting or non-voting.

“Stock Equivalents” means all securities convertible into or exchangeable for Stock or
any other Stock Equivalent and all warrants, options or other rights to purchase, subscribe for or
otherwise acquire any Stock or any other Stock Equivalent, whether or not presently
convertible, exchangeable or exercisable.

 

96

 

“Subordinated Indebtedness” means Indebtedness of any Credit Party or any Subsidiary
of any Credit Party which is subordinated to the Obligations as to right and time of payment and as
to other rights and remedies thereunder and having such other terms as are, in each case,
reasonably satisfactory to Agent.

“Subsidiary” of a Person means any corporation, association, limited liability
company, partnership, joint venture or other business entity of which more than fifty percent (50%)
of the voting Stock, is owned or controlled directly or indirectly by the Person, or one or more of
the Subsidiaries of the Person, or a combination thereof.

“Target” means any other Person or business unit or asset group of any other Person
acquired or proposed to be acquired in an Acquisition.

“Title IV Plan” means a pension plan subject to Title IV of ERISA, other than a
Multiemployer Plan, to which any ERISA Affiliate incurs or otherwise has any Liability, contingent
or otherwise.

“Trade Secrets” means all right, title and interest (and all related IP Ancillary
Rights) arising under any Requirement of Law in or relating to trade secrets.

“Trademark” means all rights, title and interests (and all related IP Ancillary
Rights) arising under any Requirement of Law in or relating to trademarks, trade names, corporate
names, company names, business names, fictitious business names, trade styles, service marks, logos
and other source or business identifiers and, in each case, all goodwill associated therewith, all
registrations and recordations thereof and all applications in connection therewith.

“UCC” means the Uniform Commercial Code as in effect from time to time in the State of
New York.

“United States” and “U.S.” each means the United States of America.

“U.S. Lender Party” means each of Agent, each Lender, each L/C Issuer, each SPV and
each participant, in each case that is a United States person as defined in Section 7701(a)(30) of
the Code.

“Wholly-Owned Subsidiary” means any Subsidiary in which (other than directors’
qualifying shares required by law) one hundred percent (100%) of the Stock and Stock Equivalents,
at the time as of which any determination is being made, is owned, beneficially and of record, by
any Credit Party, or by one or more of the other Wholly-Owned Subsidiaries, or both.

 

97

 

11.2 Other Interpretive Provisions.

(a) Defined Terms. Unless otherwise specified herein or therein, all terms defined in
this Agreement or in any other Loan Document shall have the defined meanings when
used in any certificate or other document made or delivered pursuant hereto. The meanings of
defined terms shall be equally applicable to the singular and plural forms of the defined terms.
Terms (including uncapitalized terms) not otherwise defined herein and that are defined in the UCC
shall have the meanings therein described.

(b) The Agreement. The words “hereof”, “herein”, “hereunder” and words of similar
import when used in this Agreement or any other Loan Document shall refer to this Agreement or such
other Loan Document as a whole and not to any particular provision of this Agreement or such other
Loan Document; and subsection, section, schedule and exhibit references are to this Agreement or
such other Loan Documents unless otherwise specified.

(c) Certain Common Terms. The term “documents” includes any and all instruments,
documents, agreements, certificates, indentures, notices and other writings, however evidenced.
The term “including” is not limiting and means “including without limitation.”

(d) Performance; Time. Whenever any performance obligation hereunder or under any
other Loan Document (other than a payment obligation) shall be stated to be due or required to be
satisfied on a day other than a Business Day, such performance shall be made or satisfied on the
next succeeding Business Day. 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.” If any provision of this
Agreement or any other Loan Document refers to any action taken or to be taken by any Person, or
which such Person is prohibited from taking, such provision shall be interpreted to encompass any
and all means, direct or indirect, of taking, or not taking, such action.

(e) Contracts. Unless otherwise expressly provided herein or in any other Loan
Document, references to agreements and other contractual instruments, including this Agreement and
the other Loan Documents, shall be deemed to include all subsequent amendments, thereto,
restatements and substitutions thereof and other modifications and supplements thereto which are in
effect from time to time, but only to the extent such amendments and other modifications are not
prohibited by the terms of any Loan Document.

(f) Laws. References to any statute or regulation are to be construed as including
all statutory and regulatory provisions related thereto or consolidating, amending, replacing,
supplementing or interpreting the statute or regulation.

 

98

 

11.3 Accounting Terms and Principles. All accounting determinations required to be
made pursuant hereto shall, unless expressly otherwise provided herein, be made in accordance with
GAAP. No change in the accounting principles used in the preparation of any financial statement
hereafter adopted by Partnership shall be given effect for purposes of measuring compliance with
any provision of Article V or VI unless Borrower, Agent and the Required Lenders agree to modify
such provisions to reflect such changes in GAAP and, unless such provisions are modified, all
financial statements, Compliance Certificates and similar documents provided hereunder shall be
provided together with a reconciliation between the calculations and amounts set forth therein
before and after giving effect to such change in GAAP. For the avoidance of doubt and in
accordance with the foregoing sentence, to the extent
that a change in GAAP after the date hereof requires operating leases (as opposed to capital
leases) to be treated as “indebtedness”, no such change in GAAP shall be given effect for any
purposes under the Loan Agreement or any other Loan Documents, and Indebtedness hereunder shall not
include any such obligations under operating leases solely as a result of such change in GAAP.
Notwithstanding any other provision contained herein, all terms of an accounting or financial
nature used herein shall be construed, and all computations of amounts and ratios referred to in
Article V and Article VI shall be made, without giving effect to any election under Accounting
Standards Codification 825-10 (or any other Financial Accounting Standard having a similar result
or effect) to value any Indebtedness or other liabilities of any Credit Party or any Subsidiary of
any Credit Party at “fair value.” A breach of a financial covenant contained in Article VI shall
be deemed to have occurred as of any date of determination by Agent or as of the last day of any
specified measurement period, regardless of when the financial statements reflecting such breach
are delivered to Agent.

11.4 Payments. Agent may set up standards and procedures to determine or redetermine
the equivalent in Dollars of any amount expressed in any currency other than Dollars and otherwise
may, but shall not be obligated to, rely on any determination made by any Credit Party or any L/C
Issuer. Any such determination or redetermination by Agent shall be conclusive and binding for all
purposes, absent manifest error. No determination or redetermination by any Secured Party or any
Credit Party and no other currency conversion shall change or release any obligation of any Credit
Party or of any Secured Party (other than Agent and its Related Persons) under any Loan Document,
each of which agrees to pay separately for any shortfall remaining after any conversion and payment
of the amount as converted. Agent may round up or down, and may set up appropriate mechanisms to
round up or down, any amount hereunder to nearest higher or lower amounts and may determine
reasonable de minimis payment thresholds.

[Signature Pages Follow.]

 

99

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	BORROWER:	 	 
	 
	 	 	 	 	 	 
	 	 	RENTECH NITROGEN, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 
	/s/ Dan J. Cohrs
 

	 	 
	 

	 	
	Name: 	Dan J. Cohrs	 	 
	 

	 	
	Title:	Vice President & Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	FEIN: 36-3536929	 	 
	 
	 	 	 	 	 	 
	 	 	Address for notices:	 	 
	 
	 	 	 	 	 	 
	 	 	10877 Wilshire Boulevard, Suite 600	 	 
	 	 	Los Angeles, California 90024-4364	 	 
	 	 	Attn: Mr. D. Hunt Ramsbottom	 	 
	 	 	Facsimile: (310) 208-7165	 	 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	RENTECH NITROGEN PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 

	/s/ Dan J. Cohrs
 

	 	 
	 

	 	 
	Name: 	Dan J. Cohrs	 	 
	 

	 	 
	Title:	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FEIN: 45-2714747	 	 
	 
	 	 	 	 	 	 
	 	 	Address for notices:	 	 
	 
	 	 	 	 	 	 
	 	 	10877 Wilshire Boulevard, Suite 600	 	 
	 	 	Los Angeles, California 90024-4364	 	 
	 	 	Attn: Mr. D. Hunt Ramsbottom	 	 
	 	 	Facsimile: (310) 208-7165	 	 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	GENERAL ELECTRIC CAPITAL CORPORATION,	 	 
	 	 	as Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 

	/s/ Scott James Lorimer
 

	 	 
	 

	 	 
	Name: 	Scott James Lorimer	 	 
	 

	 	 
	Title:	Duly Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 
	 	 	 	 	 	 
	 	 	General Electric Capital Corporation	 	 
	 	 	101 California Street, Suite 1500	 	 
	 	 	San Francisco, California 94111	 	 
	 	 	Attn: Rentech — Account Officer	 	 
	 	 	Facsimile: (415) 277-7447	 	 
	 
	 	 	 	 	 	 
	 	 	With a copy to:	 	 
	 
	 	 	 	 	 	 
	 	 	General Electric Capital Corporation	 	 
	 	 	Corporate Finance:	 	 
	 	 	10 Riverview Drive	 	 
	 	 	Danbury, CT 06810	 	 
	 	 	Attn: Jill Zellmer	 	 
	 	 	Facsimile: (203) 749-4562	 	 
	 
	 	 	 	 	 	 
	 	 	And	 	 
	 
	 	 	 	 	 	 
	 	 	General Electric Capital Corporation	 	 
	 	 	12750 High Bluff Drive, Suite 200	 	 
	 	 	San Diego, CA 92130	 	 
	 	 	Attn: Nicholas DeCorso, Esq.	 	 
	 	 	Facsimile: (858) 726-6221	 	 
	 
	 	 	Address for payments:	 	 
	 
	 	 	Bank Name: Bank of America	 	 
	 	 	Bank Address: Richmond, VA	 	 
	 	 	ABA #: 026009593	 	 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	“Lenders”	 	 
	 	 	GE CAPITAL FINANCIAL INC., as a Lender	 	 
	 
	 

	 	By: 

	/s/ Woodrow Broaders Jr.
 

	 	 
	 

	 	 
	Name: 	Woodrow Broaders Jr.	 	 
	 

	 	 
	Title: 	Duly Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	Address for notices:	 	 
	 
	 	 	 	 	 	 
	 	 	GE Capital Financial Inc.	 	 
	 	 	c/o General Electric Capital Corporation	 	 
	 	 	101 California St., Suite 1500	 	 
	 	 	San Francisco, CA 94111	 	 
	 	 	Attn: Account Manager —Rentech Nitrogen, LLP	 	 
	 	 	Facsimile: (415) 277-7447	 	 
	 
	 	 	 	 	 	 
	 	 	with a copy to:	 	 
	 
	 	 	 	 	 	 
	 	 	GE Capital Financial Inc.	 	 
	 	 	6510 Millrock Drive	 	 
	 	 	Suite 200	 	 
	 	 	Salt Lake City, Utah 84121	 	 
	 	 	Attn: Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	Lending office:	 	 
	 
	 	 	 	 	 	 
	 	 	GE Capital Financial Inc.	 	 
	 	 	c/o General Electric Capital Corporation	 	 
	 	 	201 Merritt Seven	 	 
	 	 	Norwalk, CT 06851	 	 
	 
	 	 	 	 	 	 
	 	 	with a copy to:	 	 
	 
	 	 	 	 	 	 
	 	 	GE Capital Financial Inc.	 	 
	 	 	6510 Millrock Drive	 	 
	 	 	Suite 200	 	 
	 	 	Salt Lake City, Utah 84121	 	 
	 	 	Attn: Chief Financial Officer	 	 

 

 

 

Schedule 1.1(a)

Revolving Loan Commitments

	 	 	 	 	 
	GE Capital Financial Inc.:
	 	$	25,000,000	 

 

 

 

Schedule 3.5

LITIGATION

In October 2009, the U.S. EPA Region 5 issued a Notice and Finding of Violation pursuant to the
federal Clean Air Act (“CAA”) related to the number 1 nitric acid plant at our East Dubuque Plant.
The notice alleges violations of the CAA’s New Source Performance Standard for nitric acid plants,
PSD requirements and Title V Permit Program requirements. The notice appears to be part of the
EPA’s Clean Air Act National Enforcement Priority for New Source Review/Prevention of Significant
Deterioration related to nitric acid plants, which seeks to reduce emissions from nitric acid
plants through proceedings that result in the installation of new pollution control technology. We
have negotiated an agreement in principle with the EPA for the terms of a consent decree to resolve
the alleged violations. Although the consent decree is not final, we do not believe that the
resolution of this matter with the EPA will have a material adverse effect on us.

 

 

 

Schedule 3.7

ERISA

	1.	 	Rentech, Inc. Welfare Benefit Plan, amended and restated effective January 1,
2011, including:

	 	a.	 	United HealthCare Choice Plus Plan (For Salary and Union
Employees hired after October 1999), Group No. 707748, effective January 1,
2010
	 
	 	b.	 	United HealthCare PPO Plan for Rentech Energy Midwest Union,
Tier 1 Hired Prior to October 19, 1999, Group No. 707748, effective January 1,
2010
	 
	 	c.	 	UnitedHealthcare Vision Plan, Group No. 70778, effective
January 1, 2011
	 
	 	d.	 	United Concordia Dental Plan, Policy No. 889037000, effective
January 1, 2010
	 
	 	e.	 	Sun Life Assurance Company of Canada Employee Life and
Accidental Death and Dismemberment Insurance and Optional Life Insurance
Policy, Dependent Basic Life Insurance, Dependent Optional Life Insurance,
Short Term Disability Income Insurance and Long Term Disability Income
Insurance for Union Employees hired after 10/1/1999, Policy No. 202531-001,
effective January 1, 2010
	 
	 	f.	 	Sun Life Assurance Company of Canada Employee Life and
Accidental Death and Dismemberment Insurance, Dependent Life Insurance, Short
Term Disability Income Insurance and Long Term Disability Income Insurance for
Rentech and REMC Salaried Employees, Policy No. 202531-001, effective January
1, 2010
	 
	 	g.	 	Sun Life Assurance Company of Canada Employee Life and
Accidental Death and Dismemberment Insurance, Dependent Life Insurance, Short
Term Disability Income Insurance and Long Term Disability Income Insurance for
Union Employees hired on or before 10/1/1999, Policy No. 202531-001, effective
January 1, 2010
	 
	 	h.	 	Sun Life Assurance Company of Canada Employee Accidental Death
and Dismemberment Insurance and Dependent Accidental Death and Dismemberment
Insurance Policy, Policy No. 202531-002, effective January 1, 2010
	 
	 	i.	 	Rentech, Inc. Health Reimbursement Arrangement, effective
January 1, 2003

 

 

 

	 	j.	 	Rentech, Inc. Flexible Benefit Plan, effective January 1, 2010,
including:

	 	i.	 	Health Flexible Spending Account
	 
	 	ii.	 	Dependent Care Flexible Spending Account
	 
	 	iii.	 	Code Section 125 Premium Only Plan

	2.	 	Rentech, Inc. 401(k) Plan, as amended October 26, 2011

	3.	 	Rentech Nitrogen GP, LLC Union 401(k) Plan, as amended October 26, 2011

 

 

 

Schedule 3.9

REAL ESTATE

OWNED REAL ESTATE

16675 Highway 20 West, East Dubuque, IL 61025

	 	 	Record Title Holder: Rentech Energy Midwest Corporation-Note that the name will be changed
to Rentech Nitrogen, LLC.

	 	 	Legal Address: 16675 Highway 20 West, East Dubuque, IL 61025

	 	 	Index Numbers: Parcel 1: 43-10-000-319-06; Parcel 6: 43-10-000-313-03; Parcel 7:
43-10-000-283-03

LEASED REAL ESTATE

None

OTHER REAL ESTATE WHERE COLLATERAL IS LOCATED

	 	 	Storage Tank space located at 1175 East County Road 2920N, Niota, IL 62358

	 	 	Office Space located at 10877 Wilshire Blvd #600, Los Angeles, CA 90024

Note that several water wells on the East Dubuque property require replacement. The remaining cost
for this project is expected to exceed $1,000,000.

 

 

 

Schedule 3.12

ENVIRONMENTAL

1. In October 2009, the U.S. EPA Region 5 issued a Notice and Finding of Violation (“NOV”) pursuant
to the CAA related to the #1 nitric acid plant at the East Dubuque Plant. The NOV alleges
violations of the CAA’s New Source Performance Standard for nitric acid plants, Prevention of
Significant Deterioration requirements and Title V Permit Program requirements. The notice appears
to be part of the EPA’s Clean Air Act National Enforcement Priority for New Source
Review/Prevention of Significant Deterioration related to nitric acid plants, which seeks to reduce
emissions from nitric acid plants through proceedings that result in the installation of new
pollution control technology. REMC and the EPA have reached a tentative agreement to settle this
matter.

2. As required by REMC’s Water Pollution Control Permit for its lime sludge drying bed, REMC
installed three groundwater monitoring wells in March 2011 — one up gradient and two down
gradient. Sampling of these wells indicates that the concentrations of Total Dissolved Solids
(TDS) exceeds Illinois’ Class 1 and 2 Groundwater Quality Standards (35 Ill. Admin. Code §§ 620.410
and .420) and Manganese exceeds Illinois’s Class 1 Groundwater Quality Standards. These results
were timely submitted to Illinois EPA as required by our Permit.

3. ENVIRON International’s Phase I Document (as corrected).

4. Matters of public record that are readily available, including publicly accessible databases
maintained by U.S. EPA, Illinois EPA, Illinois Emergency Management Agency, and the National
Response Center (U.S. Coast Guard) and matters disclosed in the Environmental Section of the Data
Room.

 

 

 

Schedule 3.15

LABOR RELATIONS

Labor Contract between Rentech Energy Midwest Corporation and the International Union of United
Automobile, Aerospace and Agricultural Implement Workers of America (UAW) and its Local 1391, dated
October 17, 2006

 

 

 

Schedule 3.17

BROKERS’ AND TRANSACTION FEES

None.

 

 

 

Schedule 3.19

VENTURES, SUBSIDIARIES AND AFFILIATES; OUTSTANDING STOCK

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Type of	 	 	 	Percentage	 
	Entity	 	Direct Holder	 	Entity	 	Equity Held	 	Owned	 
	Rentech Nitrogen, LLC

	 	Rentech Nitrogen Partners, L.P.
	 	Delaware limited liability
	 	Sole member
	 	 	100	%

OPTIONS, WARRANTS, OR OTHER SIMILAR RIGHTS OR AGREEMENTS

None

Organizational Chart

Rentech, Inc. and Consolidated Subsidiaries (Post-IPO)

 

 

 

Schedule 3.20

JURISDICTION OF ORGANIZATION; CHIEF EXECUTIVE OFFICE

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Organizational	 	 	 	Prior Chief	 	 	 	 
	 	 	Jurisdiction of	 	Identification	 	Chief Executive	 	Executive	 	Prior Legal	 	Prior
	Legal Name	 	Organization	 	Number	 	Office	 	Offices	 	Names	 	Jurisdiction
	Rentech Nitrogen, LLC

	 	Delaware
	 	36-3536929
	 	10877 Wilshire Boulevard #600

Los Angeles, CA 90024
	 	None
	 	Rentech Energy Midwest Corporation
	 	None
	Rentech Nitrogen Partners, L.P.

	 	Delaware
	 	500799
	 	10877 Wilshire Boulevard #600

Los Angeles, CA 90024
	 	None
	 	None
	 	None

 

 

 

Schedule 3.21

DEPOSIT ACCOUNTS AND OTHER ACCOUNTS

All Bank Accounts are held at US Bank

US Bank

One California Street, Suite 2100

San Francisco, CA 94111

	 	 	 	 	 
	 	 	Account	 	Account
	Account Name	 	Type	 	Number
	 
	RENTECH ENERGY MIDWEST CORP **

	 	Sweep
	 	2-943-4255
	REMC Deposit CIT LOC ***

	 	Deposit
	 	1-036-7455
	REMC Checking

	 	Zero Balance Checking
	 	1-943-1400
	REMC Checking+

	 	Zero Balance Checking
	 	1-943-1400
	 
	 	 	 	 
	RENTECH NITROGEN PARTNERS L.P.

	 	Administrative checking account
	 	[Account to be opened]
	RENTECH NITROGEN, LLC

	 	Sweep account
	 	[Account to be opened]
	RENTECH NITROGEN, LLC

	 	Operations checking account
	 	[Account to be opened]

	 	 	 
	**	 	Represents a sweep account. Any balances in the checking accounts are swept to the sweep accounts daily. As checks are presented from the checking accounts, funds are sent to the account the check is drawn upon from the sweep account to cover the amount of the check.
	 
	***	 	Represents the account where customers directly deposit payments for REMC products. The deposit account is swept daily to the sweep account.

 

 

 

Schedule 3.22

BONDING; LICENSES

None.

 

 

 

Schedule 4.15

POST-CLOSING OBLIGATIONS

	 	 	 
	OBLIGATION / DELIVERABLE	 	DUE DATE
	Agent shall have received Certificate of Good Standing for Borrower from the Secretary of State of the State of Illinois

	 	5 days after the Closing Date
	 
	 	 
	The following Mortgage documentation for Borrower’s Owned Real Estate located at 16675 Highway 20 West, East Dubuque, IL 61025, in each case, in form and substance acceptable to Agent:

	 	20 days after the Closing Date
	 
	 	 
	(1) Mortgage;
	 	 
	(2) Opinion of counsel of Borrower;
	 	 
	(3) FEMA Flood Zone Certificate / Flood Insurance;
	 	 
	(4) Environmental Indemnity;
	 	 
	(5) Fixture Filing; and
	 	 
	(6) Title Commitment.
	 	 
	 
	 	 
	The following Mortgage documentation for Borrower’s Owned Real Estate located at 16675 Highway 20 West, East Dubuque, IL 61025, in each case, in form and substance acceptable to Agent:

	 	60 days after the Closing Date
	 
	 	 
	(1) ALTA Survey;
	 	 
	(2) FIRREA Compliance Appraisal;
	 	 
	(3) ALTA Title Policy;
	 	 
	(4) Owner’s Affidavit and other title clearance documents;
	 	 
	(5) Subordination, Non-Disturbance and Attornment Agreement and Tenant Estoppel, if applicable;
	 	 
	(6) Environmental Report;
	 	 
	(7) Insured Closing Letter from Title Company; and
	 	 
	(8) Satisfaction of title invoice.
	 	 
	 
	 	 
	Agent shall have received evidence that all US Bank deposit accounts (other than any account subject to a Control Agreement) will be closed.

	 	90 days after the Closing Date (with extensions approved by Agent in its sole discretion)
	 
	 	 
	Agent shall have received evidence that the Amended and Restated Limited Liability Company Agreement has been amended in form and substance acceptable to Agent.

	 	90 days after the Closing Date

 

 

 

Schedule 5.1

LIENS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	COLLATERAL
	DEBTOR	 	SECURED PARTY	 	LIEN TYPE	 	FILING INFO	 	DESCRIPTION
	Rentech Energy Midwest Corporation

10 Rockefeller Plaza
 Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc.

Additional Debtors: 

Royster-Clark, Inc.

10 Rockefeller Plaza, 
Suite 1120

New York, NY 10020

Royster-Clark Agribusiness, Inc.

10 Rockefeller Plaza,
 Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2069385 7

Date: 3/18/02

Term.: 6138836 2 

Date: 4/25/06

Amend.: 6442684 7

Date: 12/18/06

Amend.: 6442686 2

Date: 12/18/06

Cont.: 6442746 4

Date: 12/18/06

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 12/18/06

Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on:

1 Evans Serial Number 1J9X140B010003028, 102248 — 2001 HI-16-40-ARG Tandem Trailer w/Agricraft D6H Hi Lift Dumps and 4 Stainless Steel Hoppers, etc.

Equipment located at different addresses
	 
	Rentech Energy Midwest Corporation

10 Rockefeller Plaza 
Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc. 

Additional Debtors: 

Royster-Clark, Inc.

10 Rockefeller Plaza,
 Suite 1120

New York, NY 10020

Royster-Clark Agribusiness, Inc. 

10 Rockefeller Plaza, 
Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2069387 3 

Date: 3/18/02 

Term.: 6138837 0 

Date: 4/25/06

Amend.: 6442601 1

Date: 12/18/06

Amend.: 6442603 7

Date: 12/18/06

Cont.: 6442683 9

Date: 12/18/06

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 12/18/06

Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on:

1 International 1HTWAAANX2J036303 — 2002 7300 SFA 4x2 with GFE 1200 Gallon Liquid Fertilizer Applicator Model T-304, etc. 

Equipment located at different addresses

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	COLLATERAL
	DEBTOR	 	SECURED PARTY	 	LIEN TYPE	 	FILING INFO	 	DESCRIPTION
	Rentech Energy Midwest Corporation

10 Rockefeller Plaza 
Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc. 

Additional Debtors: 

Royster-Clark, Inc. 

10 Rockefeller Plaza,
 Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2091518 5

Date: 4/11/02 

Term.: 6138838 8 

Date: 4/25/06

Amend.: 2007 0224443

Date: 1/18/07

Amend.: 2007 0224476

Date: 1/18/07

Amend.: 2007 0224559

Date: 1/18/07

Cont.: 2007 0224468

Date: 1/18/07

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 1/18/07

Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 Ford FDA P57F71EC13456 — 212446 — 2001 Ford F578 Truck with 550 Gallon Hydrasprayer, etc. 

Equipment located at different addresses
	 
	 	 	 	 	 	 	 	 
	Rentech Energy Midwest Corporation 

10 Rockefeller Plaza
 Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc.

Additional Debtors: 

Royster-Clark, Inc.

10 Rockefeller Plaza,
 Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2101924 3 

Date: 4/24/02 

Term.: 6138839 6 

Date: 4/25/06

Amend.: 2007 0209774

Date: 1/17/07

Amend.: 2007 0209808

Date: 1/17/07

Amend.: 2007 0210715

Date: 1/17/07

Cont.: 2007 0209782

Date: 1/17/07

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 1/17/07

Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 Freightliner — 1FUY3EDB5TP574567 — SS18-189 — 1996 Freightliner Truck with 18 ton, 304 S.S. Adams Site Specific Auger Tender with Hydraulic Drive. 

Equipment located at different addresses
	 
	 	 	 	 	 	 	 	 

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	COLLATERAL
	DEBTOR	 	SECURED PARTY	 	LIEN TYPE	 	FILING INFO	 	DESCRIPTION
	Rentech Energy Midwest Corporation

10 Rockefeller Plaza
 Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc. 

Additional Debtors:

Royster-Clark, Inc.

10 Rockefeller Plaza,
 Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2101939 1

Date: 4/24/02 

Term.: 6138840 4 

Date: 4/25/06

Amend.: 2007 0222553

Date: 1/18/07

Amend.: 2007 0222579

Date: 1/18/07

Amend.: 2007 0222587

Date: 1/18/07

Cont.: 2007 0222561

Date: 1/18/07

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 1/18/07

Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 Silver Wheels — 2002 Silver Wheels Sprayer System w/160 Gallon Liquid System Raven Control System w/60 gallon Foam marker and accessories, etc. 

Equipment located at different addresses
	 
	 	 	 	 	 	 	 	 
	Rentech Energy Midwest Corporation 

10 Rockefeller Plaza 
Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc. 

Additional Debtors: 

Royster-Clark, Inc. 

10 Rockefeller Plaza, 
Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2113923 1 

Date: 5/07/02 

Amend.: 2007 0477751 

Date: 2/06/07

Amend.: 2007 0480284

Date: 2/06/07

Amend.: 2007 0480946

Date: 2/06/07

Cont.: 2007 0481373

Date: 2/06/07

Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 Patriot JFG0004494 — 2002 Model 4260 SPX sprayer, etc. 

Equipment located at different addresses
	 
	Rentech Energy Midwest Corporation 

10 Rockefeller Plaza
 Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc. 

Additional Debtors: 

Royster-Clark, Inc. 

10 Rockefeller Plaza,
 Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2119219 8 

Date: 5/13/02 

Term.: 6138841 2 

Date: 4/25/06

Amend.: 2007 0513100

Date: 2/08/07

Amend.: 2007 0513563

Date: 2/08/07

Amend.: 2007 0514140

Date: 2/08/07

Cont.: 2007 0514173

Date: 2/08/07

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 2/08/07
Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 International 2HSCNAPRX3C052362 — 2002 Model 9400 Tractor, etc. 

Equipment located at 2108 E. Harlan Street, Terre Haute, Vigo County, IN 47802
	 
	 	 	 	 	 	 	 	 

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	COLLATERAL
	DEBTOR	 	SECURED PARTY	 	LIEN TYPE	 	FILING INFO	 	DESCRIPTION
	Rentech Energy Midwest Corporation

10 Rockefeller Plaza
 Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc.

Additional Debtors: 

Royster-Clark, Inc. 

10 Rockefeller Plaza, 
Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2121966 0 

Date: 5/15/02 

Amend.: 2007 0513092 

Date: 2/08/07

Amend.: 2007 0513555

Date: 2/08/07

Amend.: 2007 0514132

Date: 2/08/07

Cont.: 2007 0514157

Date: 2/08/07

Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on:

1 Komatsu 558027A — Model FG20T-12 Lift Truck w/42” Forks, etc. 

Equipment located at different addresses
	 
	 	 	 	 	 	 	 	 
	Rentech Energy Midwest Corporation

10 Rockefeller Plaza
 Suite 1120

New York, NY 10020

Amended from: 

Royster-Clark Nitrogen, Inc. 

Additional Debtors: 

Royster-Clark, Inc.

10 Rockefeller Plaza, 
Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2150937 5 

Date: 6/19/02 

Term.: 6138842 0 

Date: 4/25/06

Amend.: 2007 0875236

Date: 3/08/07

Amend.: 2007 0875301

Date: 3/08/07

Amend.: 2007 0875343

Date: 3/08/07

Cont.: 2007 0875350

Date: 3/08/07

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 3/08/07

Amendments were to add and remove debtor and change secured party’s address
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 GVM — TB150901013 — Toolbar, Pull Type 19 Shank, etc. 

Equipment located at different addresses

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	COLLATERAL
	DEBTOR	 	SECURED PARTY	 	LIEN TYPE	 	FILING INFO	 	DESCRIPTION
	Rentech Energy Midwest Corporation 

10 Rockefeller Plaza 
Suite 1120

New York, NY 10020

Additional Debtors:

Royster-Clark, Inc.

10 Rockefeller Plaza, Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2007 0299007 

Date: 1/18/07 

	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 Silver Wheels — 2002 Silver Wheels Sprayer System w/1600 Gallon Liquid System Raven Control System w/60 gallon Foam Marker and accessories, etc. 
 

Equipment located at different addresses
	 
	 	 	 	 	 	 	 	 
	Rentech Energy Midwest Corporation 

10 Rockefeller Plaza
 Suite 1120

New York, NY 10020

Additional Debtors:

Royster-Clark, Inc. 

10 Rockefeller Plaza,
 Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2007 0302629

Date: 1/18/07 

	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 Freightliner — 1PUY3EDBSTP574567, 5518-189, etc.

Equipment located at different addresses
	
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Rentech Energy Midwest Corporation

10 Rockefeller Plaza
 Suite 1120

New York, NY 10020

Additional Debtors:

Royster-Clark, Inc.
10 Rockefeller Plaza, Suite 1120
New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2007 0303619 

Date: 1/18/07
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on:

1 Ford IFDAP57P71EC13456, 212446 — 2001 Ford F578 Truck with 550 Gallon Hydrasprayer, etc. 

Equipment located at different addresses

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	COLLATERAL
	DEBTOR	 	SECURED PARTY	 	LIEN TYPE	 	FILING INFO	 	DESCRIPTION
	Rentech Energy Midwest Corporation 

10 Rockefeller Plaza 
Suite 1120

New York, NY 10020

Additional Debtors:

Royster-Clark, Inc. 

10 Rockefeller Plaza,
 Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2007 0538693 

Date: 2/07/07
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on:

1 Patriot — JFG0004494 — 2002 Model 4260 SPX sprayer, etc. 

Equipment located at different addresses
	 
	Rentech Energy Midwest Corporation 

10 Rockefeller Plaza 
Suite 1120

New York, NY 10020

Additional Debtors:

Royster-Clark, Inc.

10 Rockefeller Plaza, Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2007 0579119 

Date: 2/09/07
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 Komatsu 558027A — Model FG20T-12 Lift Truck w/42” Forks, etc. 

Equipment located at different addresses
	
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Rentech Energy Midwest Corporation 

10 Rockefeller Plaza 
Suite 1120

New York, NY 10020

Additional Debtors:

Royster-Clark, Inc.

10 Rockefeller Plaza, Suite 1120

New York, NY 10020

	 	Transamerica Equipment Financial Services Corporation

44 Old Ridgebury Road

Danbury, CT 06810
	 	UCC
	 	File No.: 2007 0938737 

Date: 3/08/07
	 	Schedule A — Naming Transamerica as Lessor and Royster as Lessee — This is to record a True Lease on: 

1 GVM TB15Q901013 — Toolbar, Pull Type 19 Shank, etc. 

Equipment located at different addresses
	 
	 	 	 	 	 	 	 	 
	Rentech Energy Midwest Corporation 

16675 US Highway 20 West 

East Dubuque, IL 61025

	 	Toyota Motor Credit Corporation 

P.O. Box 3457

Torrance, CA 90510-345
	 	UCC
	 	File No.: 2011 0754302 

Date: 3/01/11 

Amend.: 2011 0787922

Date: 3/03/11

Amendment was to update debtor’s address.
	 	It is the intent of the parties that the transaction referenced herein constitutes a true lease. The party designated as the secured party in Item 3 above is the owner of the property described herein. This
filing is made as a precaution should the transaction be viewed as other than a true lease. ONE (1) Toyota Forklift Model #8FGCU20 Serial #31591 Two (2) Toyota Forklifts Model #8FDU30 Serial #30348, etc.

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	COLLATERAL
	DEBTOR	 	SECURED PARTY	 	LIEN TYPE	 	FILING INFO	 	DESCRIPTION
	Rentech Energy Midwest Corporation

	 	Jo-Carroll Energy
	 	A deposit of $720,000 in an escrow account to back REMC’s contractual obligation to buy power from Jo-Carroll Energy, the local rural cooperative.	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Rentech Energy Midwest Corporation

	 	Air Liquide Industrial U.S. LP
	 	Commercial Property Lease
	 	 	 	Lease dated December 7, 2005 between Rentech Energy Midwest Corporation as Lessor and Air Liquide Industrial U.S. LP as Lessee for premises located at 16675 HWY 20 W, East Dubuque, IL 61025, for $450 per month.

 

 

 

Schedule 5.4

INVESTMENTS

	 	 	A deposit of $720,000 in an escrow account to back REMC’s contractual obligation to buy power
from Jo-Carroll Energy, the local rural cooperative.

 

 

 

Schedule 5.5

INDEBTEDNESS

None

 

 

 

Schedule 5.9

CONTINGENT OBLIGATIONS

None

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