Document:

Exhibit
10.1

EXECUTION COPY

FIVE-YEAR CREDIT
AGREEMENT

dated as of

May 11, 2007,

among

AGILENT
TECHNOLOGIES, INC.,

The Lenders Party
Hereto

and

JPMORGAN CHASE
BANK, N.A.,

as Administrative Agent

CITIGROUP GLOBAL
MARKETS INC.,

as Syndication Agent

J.P. MORGAN
SECURITIES INC. and

CITIGROUP GLOBAL MARKETS INC.,

as Joint Lead Arrangers and Joint Bookrunners

TABLE OF CONTENTS

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
  ARTICLE I

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Definitions

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 1.01.

  	
   

  	
  Defined Terms

  	
   

  	
  1

  
	
  SECTION 1.02.

  	
   

  	
  Classification
  of Loans and Borrowings

  	
   

  	
  18

  
	
  SECTION 1.03.

  	
   

  	
  Terms Generally

  	
   

  	
  19

  
	
  SECTION 1.04.

  	
   

  	
  Accounting
  Terms; GAAP

  	
   

  	
  19

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE II

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The Credits

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 2.01.

  	
   

  	
  Commitments

  	
   

  	
  19

  
	
  SECTION 2.02.

  	
   

  	
  Loans and
  Borrowings

  	
   

  	
  20

  
	
  SECTION 2.03.

  	
   

  	
  Requests for
  Revolving Borrowings

  	
   

  	
  20

  
	
  SECTION 2.04.

  	
   

  	
  Swingline Loans

  	
   

  	
  21

  
	
  SECTION 2.05.

  	
   

  	
  Letters of
  Credit

  	
   

  	
  22

  
	
  SECTION 2.06.

  	
   

  	
  Funding of
  Borrowings

  	
   

  	
  28

  
	
  SECTION 2.07.

  	
   

  	
  Interest
  Elections

  	
   

  	
  28

  
	
  SECTION 2.08.

  	
   

  	
  Termination,
  Reduction and Increase of Commitments

  	
   

  	
  30

  
	
  SECTION 2.09.

  	
   

  	
  Extension of
  Maturity Date

  	
   

  	
  31

  
	
  SECTION 2.10.

  	
   

  	
  Repayment of
  Loans; Evidence of Debt

  	
   

  	
  32

  
	
  SECTION 2.11.

  	
   

  	
  Prepayment of
  Loans

  	
   

  	
  33

  
	
  SECTION 2.12. 

  	
   

  	
  Fees

  	
   

  	
  33

  
	
  SECTION 2.13.

  	
   

  	
  Interest

  	
   

  	
  35

  
	
  SECTION 2.14.

  	
   

  	
  Alternate Rate
  of Interest

  	
   

  	
  35

  
	
  SECTION 2.15.

  	
   

  	
  Increased Costs

  	
   

  	
  36

  
	
  SECTION 2.16.

  	
   

  	
  Break Funding
  Payments

  	
   

  	
  37

  
	
  SECTION 2.17.

  	
   

  	
  Taxes

  	
   

  	
  38

  
	
  SECTION 2.18.

  	
   

  	
  Payments
  Generally; Pro Rata Treatment; Sharing of Set-offs

  	
   

  	
  39

  
	
  SECTION 2.19.

  	
   

  	
  Mitigation
  Obligations; Replacement of Lenders

  	
   

  	
  41

  
	
  SECTION 2.20.

  	
   

  	
  Designation of
  Borrowing Subsidiaries

  	
   

  	
  42

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE III

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Representations and Warranties

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 3.01.

  	
   

  	
  Organization;
  Powers

  	
   

  	
  42

  

 

 i
 

 

	
  SECTION 3.02.

  	
   

  	
  Authorization;
  Enforceability

  	
   

  	
  42

  
	
  SECTION 3.03.

  	
   

  	
  Governmental Approvals;
  No Conflicts

  	
   

  	
  43

  
	
  SECTION 3.04.

  	
   

  	
  Financial
  Condition; No Material Adverse Change

  	
   

  	
  43

  
	
  SECTION 3.05.

  	
   

  	
  Litigation and
  Environmental Matters

  	
   

  	
  43

  
	
  SECTION 3.06.

  	
   

  	
  Compliance with
  Laws and Agreements

  	
   

  	
  44

  
	
  SECTION 3.07.

  	
   

  	
  Investment
  Company Status

  	
   

  	
  44

  
	
  SECTION 3.08.

  	
   

  	
  Properties

  	
   

  	
  44

  
	
  SECTION 3.09.

  	
   

  	
  Federal Reserve
  Regulations

  	
   

  	
  44

  
	
  SECTION 3.10.

  	
   

  	
  Taxes

  	
   

  	
  44

  
	
  SECTION 3.11.

  	
   

  	
  ERISA

  	
   

  	
  45

  
	
  SECTION 3.12.

  	
   

  	
  Disclosure

  	
   

  	
  45

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IV

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Conditions

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 4.01.

  	
   

  	
  Effective Date

  	
   

  	
  45

  
	
  SECTION 4.02.

  	
   

  	
  Each Credit
  Event

  	
   

  	
  46

  
	
  SECTION 4.03.

  	
   

  	
  Initial Credit
  Event for each Borrowing Subsidiary

  	
   

  	
  46

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE V

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Affirmative Covenants

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 5.01.

  	
   

  	
  Financial Statements
  and Other Information

  	
   

  	
  47

  
	
  SECTION 5.02.

  	
   

  	
  Notices of
  Material Events

  	
   

  	
  49

  
	
  SECTION 5.03.

  	
   

  	
  Existence

  	
   

  	
  49

  
	
  SECTION 5.04.

  	
   

  	
  Businesses and
  Properties

  	
   

  	
  49

  
	
  SECTION 5.05.

  	
   

  	
  Payment of Taxes

  	
   

  	
  49

  
	
  SECTION 5.06.

  	
   

  	
  Insurance

  	
   

  	
  50

  
	
  SECTION 5.07.

  	
   

  	
  Books and
  Records; Inspection Rights

  	
   

  	
  50

  
	
  SECTION 5.08.

  	
   

  	
  Compliance with
  Laws

  	
   

  	
  50

  
	
  SECTION 5.09.

  	
   

  	
  Use of Proceeds

  	
   

  	
  50

  
	
  SECTION 5.10.

  	
   

  	
  World Trade
  Restricted Cash

  	
   

  	
  50

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VI

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Negative Covenants

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 6.01.

  	
   

  	
  Subsidiary
  Indebtedness

  	
   

  	
  51

  
	
  SECTION 6.02.

  	
   

  	
  Liens

  	
   

  	
  52

  
	
  SECTION 6.03.

  	
   

  	
  Sale and
  Leaseback Transactions

  	
   

  	
  53

  
	
  SECTION 6.04.

  	
   

  	
  Fundamental
  Changes

  	
   

  	
  54

  

 

 ii
 

 

	
  SECTION 6.05.

  	
   

  	
  Transactions
  with Affiliates

  	
   

  	
  54

  
	
  SECTION 6.06.

  	
   

  	
  Restrictive
  Agreements

  	
   

  	
  55

  
	
  SECTION 6.07.

  	
   

  	
  Interest
  Coverage Ratio

  	
   

  	
  56

  
	
  SECTION 6.08.

  	
   

  	
  Adjusted
  Leverage Ratio

  	
   

  	
  56

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VII

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Events of Default

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The Administrative Agent

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IX

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Guarantee

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE X

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Miscellaneous

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 10.01.

  	
   

  	
  Notices

  	
   

  	
  62

  
	
  SECTION 10.02.

  	
   

  	
  Waivers;
  Amendments

  	
   

  	
  63

  
	
  SECTION 10.03.

  	
   

  	
  Expenses;
  Indemnity; Damage Waiver

  	
   

  	
  64

  
	
  SECTION 10.04.

  	
   

  	
  Successors and
  Assigns

  	
   

  	
  65

  
	
  SECTION 10.05.

  	
   

  	
  Survival

  	
   

  	
  68

  
	
  SECTION 10.06.

  	
   

  	
  Counterparts;
  Integration; Effectiveness

  	
   

  	
  68

  
	
  SECTION 10.07.

  	
   

  	
  Severability

  	
   

  	
  68

  
	
  SECTION 10.08.

  	
   

  	
  Right of Setoff

  	
   

  	
  69

  
	
  SECTION 10.09.

  	
   

  	
  Governing Law;
  Jurisdiction; Consent to Service of Process

  	
   

  	
  69

  
	
  SECTION 10.10.

  	
   

  	
  WAIVER OF JURY
  TRIAL

  	
   

  	
  70

  
	
  SECTION 10.11.

  	
   

  	
  Headings

  	
   

  	
  70

  
	
  SECTION 10.12.

  	
   

  	
  Confidentiality

  	
   

  	
  70

  
	
  SECTION 10.13.

  	
   

  	
  Interest Rate
  Limitation

  	
   

  	
  71

  
	
  SECTION 10.14.

  	
   

  	
  Conversion of
  Currencies

  	
   

  	
  71

  
	
  SECTION 10.15.

  	
   

  	
  USA Patriot Act

  	
   

  	
  72

  
	
  SECTION 10.16.

  	
   

  	
  No Fiduciary
  Relationship

  	
   

  	
  72

  

 

 iii
 

 

	
  Schedules:

  	
   

  	
   

  
	
  Schedule 2.01

  	
   

  	
  — Commitments

  
	
  Schedule 6.01

  	
   

  	
  — Existing Subsidiary Indebtedness

  
	
  Schedule 6.02

  	
   

  	
  — Existing Liens

  
	
  Schedule 6.03

  	
   

  	
  — Existing Sale and Leaseback Transactions

  
	
  Schedule 6.06

  	
   

  	
  — Existing Restrictive Agreements

  

 

	
  Exhibits:

  	
   

  	
   

  
	
  Exhibit A

  	
   

  	
  — Form of Assignment and Assumption

  
	
  Exhibit B

  	
   

  	
  — Form of Opinion of Counsel for the Company

  
	
  Exhibit C

  	
   

  	
  — Form of Borrowing Subsidiary Agreement

  
	
  Exhibit D

  	
   

  	
  — Form of Borrowing Subsidiary Termination

  
	
  Exhibit E

  	
   

  	
  — Form of Accession Agreement

  
	
  Exhibit F

  	
   

  	
  — Form of Maturity Date Extension Request

  

 

 iv

FIVE-YEAR CREDIT AGREEMENT dated as of May 11, 2007
(the “Agreement”), among AGILENT TECHNOLOGIES, INC. (the “Company”),
a Delaware corporation, the LENDERS party hereto and JPMORGAN CHASE BANK, N.A.,
as Administrative Agent.

The parties hereto hereby agree as follows:

ARTICLE I

Definitions 

SECTION 1.01. Defined Terms.  As used in this Agreement, the following
terms have the meanings specified below:

“ABR”, when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Alternate Base
Rate.

“Accession Agreement” means an Accession
Agreement substantially in the form of Exhibit E among an Increasing Lender,
the Company and the Administrative Agent.

“Adjusted Consolidated Total Indebtedness”
means, at any time, (a) all Indebtedness of the Company and the Subsidiaries at
such time other than World Trade Indebtedness, plus (b) Adjusted World Trade
Indebtedness at such time, minus (c) all Indebtedness at such time consisting
of obligations of the Company and the Subsidiaries as account parties in
respect of letters of credit and letters of guaranty that do not support
Indebtedness, all determined on a consolidated basis in accordance with GAAP.  In the event that the Company or any
Subsidiary shall have completed since any date as of which Adjusted
Consolidated Total Indebtedness is to be determined an acquisition or
disposition of any Person, division or business unit in which the aggregate
consideration paid or received shall have exceeded $300,000,000, Adjusted
Consolidated Total Indebtedness shall be determined for such period on a pro
forma basis as if such acquisition or disposition, and any related incurrence
or repayment of Indebtedness, had occurred on such date.

“Adjusted LIBO
Rate” means, with respect to any LIBOR Borrowing for any Interest Period,
an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of
1%) equal to the product of (a) the LIBO Rate for such Interest Period
multiplied by (b) the Statutory Reserve Rate.

“Adjusted World
Trade Indebtedness” means, at any time, an amount (but not less than zero)
equal to (a) the aggregate amount of all World Trade Indebtedness at such time
minus (b) the Adjusted World Trade Restricted Cash at such time.

“Adjusted World
Trade Restricted Cash” means, at any time, (a) the aggregate amount of all
World Trade Restricted Cash at such time minus (b) an amount equal to the
aggregate Taxes that would become payable by the Company and the Subsidiaries
in the event such World Trade Restricted Cash were remitted through a dividend
or series of dividends to the Company, assuming an effective combined income
tax rate of 25%.

“Administrative Agent” means JPMorgan Chase
Bank, N.A., in its capacity as administrative agent for the Lenders hereunder.

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

“Affiliate” means, with respect to a specified
Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with
the Person specified.

“Alternate Base Rate” means, for any day, a
rate per annum equal to the greater of (a) the Prime Rate in effect on such day
and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.
Any change in the Alternate Base Rate due to a change in the Prime Rate or the
Federal Funds Effective Rate shall be effective from and including the
effective date of such change in the Prime Rate or the Federal Funds Effective
Rate, respectively.

“Applicable Percentage” means, with respect to
any Lender, the percentage of the total Commitments represented by such Lender’s
Commitment.  If the Commitments have
terminated or expired, the Applicable Percentages shall be determined based
upon the Commitments most recently in effect, giving effect to any assignments.

“Applicable Rate” means, for any day, with
respect to any LIBOR Revolving Loan or the facility fees payable hereunder, the
applicable rate per annum set forth below under the caption “LIBOR Margin” or “Facility
Fee”, as the case may be, based upon the ratings by S&P and Moody’s,
respectively, applicable on such date to the Index Debt and the Utilization
Percentage on such date: 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  LIBOR Margin

  	
   

  
	
   

  	
   

  	
  Ratings

  (S&P/Moody’s)

  	
   

  	
  Facility Fee

  (% per annum)

  	
   

  	
  Utilization

  Percentage

  <50%

  (% per annum)

  	
   

  	
  Utilization

  Percentage

  ≥50%

  (% per annum)

  	
   

  
	
  Category 1

  	
   

  	
  BBB+/Baa1 or above

  	
   

  	
  0.080

  	
  %

  	
  0.270

  	
  %

  	
  0.370

  	
  %

  
	
  Category 2

  	
   

  	
  BBB/Baa2

  	
   

  	
  0.100

  	
  %

  	
  0.350

  	
  %

  	
  0.450

  	
  %

  
	
  Category 3

  	
   

  	
  BBB-/Baa3

  	
   

  	
  0.125

  	
  %

  	
  0.425

  	
  %

  	
  0.525

  	
  %

  
	
  Category 4

  	
   

  	
  BB+/Ba1

  	
   

  	
  0.150

  	
  %

  	
  0.500

  	
  %

  	
  0.600

  	
  %

  
	
  Category 5

  	
   

  	
  BB/Ba2 or below

  	
   

  	
  0.200

  	
  %

  	
  0.650

  	
  %

  	
  0.750

  	
  %

  

 

 2
 

For purposes of
the foregoing, (a) if either Moody’s or S&P shall not have in effect a
rating for the Index Debt (other than by reason of the circumstances referred
to in the last sentence of this definition), then such rating agency shall be
deemed to have established a rating in Category 5; (b) if the ratings
established or deemed to have been established by Moody’s and S&P for the
Index Debt shall fall within different Categories, the Applicable Rate shall be
based on the higher of the two ratings unless one of the two ratings is two or
more Categories lower than the other, in which case the Applicable Rate shall
be determined by reference to the Category next below that of the higher of the
two ratings; and (c) if the ratings established or deemed to have been
established by Moody’s and S&P for the Index Debt shall be changed (other
than as a result of a change in the rating system of Moody’s or S&P), such
change shall be effective as of the date on which it is first publicly
announced by the applicable rating agency. 
Each change in the Applicable Rate shall apply during the period
commencing on the effective date of such change and ending on the date
immediately preceding the effective date of the next such change. If the rating
system of Moody’s or S&P shall change, or if either such rating agency
shall cease to be in the business of rating corporate debt obligations, the
Company and the Lenders shall negotiate in good faith to amend this definition
to reflect such changed rating system or the unavailability of ratings from
such rating agency and, pending the effectiveness of any such amendment, the
Applicable Rate shall be determined by reference to the rating most recently in
effect prior to such change or cessation.

“Assignment and Assumption” means an Assignment
and Assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 10.04), and accepted by the
Administrative Agent, in the form of Exhibit A or any other form approved by
the Administrative Agent.

“Attributable
Debt” means, with respect to any Sale-Leaseback Transaction, the present
value (discounted at the rate set forth or implicit in the terms of the lease
included in such Sale-Leaseback Transaction) of the total obligations of the
lessee for rental payments (other than amounts required to be paid on account
of taxes, maintenance, repairs, insurance, assessments, utilities, operating
and labor costs and other items that do not constitute payments for property
rights) during the remaining term of the lease included in such Sale-Leaseback
Transaction (including any period for which such lease has been extended).  In the case of any lease that is terminable
by the lessee upon payment of a penalty, the Attributable Debt shall be the
lesser of the Attributable Debt determined assuming termination on the first
date such lease may be terminated (in which case the Attributable Debt shall
also include the amount of the penalty, but no rent shall be considered as
required to be paid under such lease subsequent to the first date upon which it
may be so terminated) or the Attributable Debt determined assuming no such
termination.

“Availability Period” means the period from and
including the Effective Date to but excluding the earlier of the Maturity Date
and the date of termination of the Commitments.

 3
 

“Board” means the Board of Governors of the
Federal Reserve System of the United States of America.

“Borrower”
means the Company or any Borrowing Subsidiary.

“Borrowing” means (a) Revolving Loans of the
same Type and to the same Borrower, made, converted or continued on the same
date and, in the case of LIBOR Loans, as to which a single Interest Period is
in effect, or (b) a Swingline Loan.

“Borrowing Request” means a request by a Borrower
for a Revolving Borrowing in accordance with Section 2.03.

“Borrowing
Subsidiary” means any Subsidiary that has been designated as a Borrowing
Subsidiary pursuant to Section 2.20 and that has not ceased to be a Borrowing
Subsidiary as provided in such Section.

“Borrowing Subsidiary Agreement” means a
Borrowing Subsidiary Agreement substantially in the form of Exhibit C.

“Borrowing Subsidiary Termination” means a
Borrowing Subsidiary Termination substantially in the form of Exhibit D.

“Business Day”
means any day that is not a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to remain closed; provided,
that when used in connection with a LIBOR Loan, the term “Business Day” shall
also exclude any day on which banks in London are not open for general
business.

“Capital Lease
Obligations” of any Person means the obligations of such Person to pay rent
or other amounts under any lease of (or other arrangement conveying the right
to use) real or personal property (or a combination thereof), which obligations
are required to be classified and accounted for as capital leases on a balance
sheet of such Person under GAAP, and the amount of such obligations shall be
the capitalized amount thereof determined in accordance with GAAP.

“Change in Control” means (a) the acquisition
of ownership, directly or indirectly, beneficially or of record, by any Person
or group (within the meaning of the Securities Exchange Act of 1934 and the
rules of the SEC thereunder as in effect on the date hereof), of shares
representing more than 35% of the aggregate ordinary voting power represented
by the issued and outstanding capital stock of the Company; or (b) occupation
of a majority of the seats (other than vacant seats) on the board of directors
of the Company by Persons who were neither (i) nominated by the board of
directors of the Company nor (ii) appointed by directors so nominated.

“Change in Law” means (a) the adoption of any
law, rule or regulation after the date of this Agreement, (b) any change in any
law, rule or regulation or in the interpretation or application thereof by any
Governmental Authority after the date of this Agreement or (c) compliance by
any Lender or any Issuing Bank (or, for purposes of 

 4
 

Section 2.15(b), by any lending office of such Lender or such Issuing
Bank or by such Lender’s or such Issuing Bank’s holding company, if any) with
any request, guideline or directive (whether or not having the force of law) of
any Governmental Authority made or issued after the date of this Agreement.

“Class”, when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are Revolving Loans or Swingline Loans.

“Code” means the Internal Revenue Code of 1986,
as amended from time to time.

“Commitment”
means, with respect to each Lender, the commitment of such Lender to make
Revolving Loans and to acquire participations in Letters of Credit and
Swingline Loans hereunder, expressed as an amount representing the maximum aggregate
amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment
may be reduced or increased from time to time pursuant to Sections 2.08 or
pursuant to assignments by or to such Lender pursuant to Section 10.04.  The initial amount of each Lender’s
Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption
pursuant to which such Lender shall have assumed its Commitment, as applicable.
The initial aggregate amount of the Lenders’ Commitments is $300,000,000.

“Company” has the meaning assigned to such term
in the heading of this Agreement.

“Consenting Lender” has the meaning assigned to
such term in Section 2.09.

“Consolidated
EBITDA” means, for any period, Consolidated Net Income for such period plus
(a) without duplication and to the extent deducted in determining such
Consolidated Net Income, the sum of (i) Consolidated Interest Expense for such
period, (ii) consolidated income tax expense for such period, (iii) all amounts
attributable to depreciation and amortization for such period, (iv) non-cash
charges for such period (including, without limitation, non-cash charges for
impairment of goodwill and non-cash charges associated with employee
compensation for such period), and (v) non-recurring cash charges or expenses
in connection with dispositions, in an aggregate amount for any period of four
fiscal quarters not to exceed $25,000,000, minus (b) without duplication and to
the extent included in determining such Consolidated Net Income, the sum of (i)
all extraordinary gains for such period, (ii) equity in net income of
unconsolidated affiliates and other minority interest net income for such
period (except to the extent actually distributed or paid to the Company or a
Subsidiary, (iii) interest income for such period and (iv) all cash payments in
such period in respect of items that were reflected in any prior period as
non-cash charges of the sort referred to in subclauses (iv) and (v) of the
preceding clause (a), all determined on a consolidated basis in accordance with
GAAP. In the event that the Company or any Subsidiary shall have completed
since the beginning of the relevant period an acquisition or disposition of any
Person, division or business unit in which the aggregate consideration paid or
received shall have exceeded 

 5
 

$300,000,000,
Consolidated EBITDA shall be determined for such period on a pro forma
basis as if such acquisition or disposition, and any related incurrence or
repayment of Indebtedness, had occurred at the beginning of such period.

“Consolidated Interest Expense” means, for any
period, total interest expense (including that properly attributable to Capital
Leases in accordance with GAAP and amortization of debt discount and debt
issuance costs) of the Company and the Subsidiaries on a consolidated basis,
including all capitalized interest, all commissions, discounts and other fees
and charges owed with respect to letters of credit and bankers’ acceptance
financings and net costs under interest rate protection agreements (including
amortization of discount), all as determined on a consolidated basis in
accordance with GAAP, but excluding that portion of interest expense with
respect to the World Trade Indebtedness that does not exceed the interest
income attributable to World Trade Restricted Cash.  In the event that the Company or any
Subsidiary shall have completed since the beginning of the relevant period an
acquisition or disposition of any Person, division or business unit in which
the aggregate consideration paid or received shall have exceeded $300,000,000,
Consolidated Interest Expense shall be determined for such period on a pro
forma basis as if such acquisition or disposition, and any related
incurrence or repayment of Indebtedness, had occurred at the beginning of such
period.

“Consolidated Net Income” means, for any
period, the net income or loss of the Company and the Subsidiaries for such
period determined on a consolidated basis in accordance with GAAP; provided
that, to the extent included therein, there shall be excluded the net income or
loss attributable to any discontinued operations of the Company and the
Subsidiaries.

“Consolidated
Stockholders’ Equity” means, at any time, the stockholders’ equity of the
Company at the end of the then most recent period of four fiscal quarters for
which consolidated financial statements of the Company have been delivered
pursuant to Section 5.01(a) or 5.01 (b) or, prior to the delivery of any such
financial statements, at January 31, 2007, determined on a consolidated basis
in accordance with GAAP.

“Control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by
contract or otherwise.  “Controlling”
and “Controlled” have meanings correlative thereto.

“Credit Party” means the Company, in its
capacity as a Borrower and as a guarantor of the Obligations of the other
Borrowers pursuant to Article IX, and each Borrowing Subsidiary.

“Declining Lender” has the meaning assigned to
such term in Section 2.09.

“Default” means any event or condition that
constitutes, or upon notice or lapse of time or both would become, an Event of
Default.

 6

“Effective Date” means the date on which the
conditions specified in Section 4.01 are satisfied (or waived in accordance
with Section 10.02).

“Environmental
Laws” means all material laws, rules, regulations, codes, ordinances,
orders, decrees, judgments, injunctions, notices or binding agreements issued,
promulgated or entered into by any Governmental Authority, relating in any way
to the environment, preservation or reclamation of natural resources, the
management, release or threatened release of any Hazardous Material or to
health and safety matters.

“Environmental
Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or
indemnities), of the Company or any Subsidiary directly or indirectly resulting
from or based upon (a) violation of any Environmental Law, (b) the generation,
use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any
contract, agreement or other consensual arrangement pursuant to which liability
is assumed or imposed with respect to any of the foregoing.

“ERISA” means the Employee Retirement Income
Security Act of 1974, as amended from time to time, and any final regulations
promulgated and the rulings issued thereunder.

“ERISA Affiliate” means any trade or business
(whether or not incorporated) that, together with the Company, is treated as a
single employer under Section 414(b) or (c) of the Code or, solely for purposes
of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

“ERISA Event”
means (a) any “reportable event”, as defined in Section 4043 of ERISA or the
regulations issued thereunder with respect to a Plan (other than an event for
which the 30-day notice period is waived); (b) the existence with respect to
any Plan of an “accumulated funding deficiency” (as defined in Section 412 of
the Code or Section 302 of ERISA and, on and after the effectiveness of Title I
of the Pension Act, any failure by any Plan to satisfy the minimum funding
standards (within the meaning of Section 412 of the Code or Section 302 of
ERISA) applicable to such Plan), whether or not waived; (c) the filing pursuant
to Section 412(d) of the Code or Section 303(d) of ERISA of an application for
a waiver of the minimum funding standard with respect to any Plan or the
failure to make any required contribution to a Multiemployer Plan; (d) the
incurrence by the Company or any of its ERISA Affiliates of any liability under
Title IV of ERISA with respect to the termination of any Plan or Multiemployer
Plan; (e) the receipt by the Company or any ERISA Affiliate from the PBGC or a
plan administrator of any notice relating to an intention to terminate any Plan
or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by
the Company or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; (g) the
receipt by the Company or any ERISA Affiliate of any notice, or the receipt by
any Multiemployer Plan from the Company or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal 

 7
 

Liability or a
determination that a Multiemployer Plan is, or is expected to be, insolvent or
in reorganization, within the meaning of Title IV of ERISA (or, after the
effectiveness of Title II of the Pension Act, that it is in endangered or
critical status, within the meaning of Section 305 of ERISA); or (h) on and
after the effectiveness of Title I of the Pension Act, a determination that any
Plan is or is expected to be, in “at-risk” status (as defined in Section
303(i)(4)(A) of ERISA or Section 430(i)(4)(A) of the Code).

“Event of
Default” has the meaning assigned to such term in Article VII.

“Excluded Taxes”
means, with respect to the Administrative Agent, any Lender, any Issuing Bank
or any other recipient of any payment to be made by or on account of any
Obligation hereunder, (a) income or franchise taxes imposed on (or measured by)
its net income by the United States of America, or by the jurisdiction under
the laws of which such recipient is organized or in which its principal office
is located or, in the case of any Lender, in which its applicable lending
office is located, (b) any branch profit taxes imposed by the United States of
America or any similar tax imposed by any other jurisdiction in which such
recipient is located and (c) in the case of a Foreign Lender, any withholding
tax that is imposed by the United States of America (or any political
subdivision thereof) on payments by the Company or a Borrowing Subsidiary
organized in the United States of America from an office within such
jurisdiction to the extent such tax is in effect and applicable to such
payments on the date hereof or at the time such Foreign Lender becomes a party
to this Agreement (or designates a new lending office) or is attributable to
such Foreign Lender’s failure to comply with Section 2.17(e), except to the
extent that such Foreign Lender (or its assignor, if any) was entitled, at the
time of designation of a new lending office (or assignment), to receive
additional amounts with respect to such withholding tax pursuant to Section
2.17(a).

“Existing Maturity Date” has the meaning
assigned to such term in Section 2.09.

“Federal Funds Effective Rate” means, for any
day, the weighted average (rounded upwards, if necessary, to the next 1/100 of
1%) of the rates on overnight Federal funds transactions with members of the
Federal Reserve System arranged by Federal funds brokers, as published on the
next succeeding Business Day by the Federal Reserve Bank of New York, or, if
such rate is not so published for any day that is a Business Day, the average
(rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for
such day for such transactions received by the Administrative Agent from three
Federal funds brokers of recognized standing selected by it.

“Financial Officer” means, with respect to any
Borrower, the chief executive officer, the chief financial officer, the
principal accounting officer, the treasurer, any assistant treasurer or the
controller of such Borrower.

“Foreign Lender” means any Lender that is
organized under the laws of a jurisdiction other than the United States of
America, a State thereof or the District of Columbia.

 8
 

“GAAP” means generally accepted accounting
principles in the United States of America.

“Governmental Authority” means the government
of the United States of America, any other nation or any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality,
regulatory body, court, central bank or other similar governmental entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government.

“Guarantee”
of or by any Person (the “guarantor”) means any obligation, contingent
or otherwise, of the guarantor guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any
obligation of the guarantor, direct or indirect, (a) to purchase or pay (or
advance or supply funds for the purchase or payment of) such Indebtedness or
other obligation or to purchase (or to advance or supply funds for the purchase
of) any security for the payment thereof, (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such
Indebtedness or other obligation of the payment thereof, (c) to maintain
working capital, equity capital or any other financial statement condition or
liquidity of the primary obligor so as to enable the primary obligor to pay
such Indebtedness or other obligation or (d) as an account party in respect of
any letter of credit or letter of guaranty issued to support such Indebtedness
or obligation; provided that the term Guarantee shall not include
endorsements for collection or deposit in the ordinary course of business.

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

“Hedge Termination Value” means, in respect of
any one or more Hedging Agreements, after taking into account the effect of any
legally enforceable netting agreements relating to such Hedging Agreements, (a)
for any date on or after the date such Hedging Agreements have been closed out
and termination values determined in accordance therewith (but not yet paid),
such termination values, and (b) for any date prior to the date referenced in
clause (a), the mark-to-market values for such Hedging Agreements, determined
based on one or more mid-market or other readily available quotations provided
by any recognized dealer in Hedging Agreements of such type (which may include
a Lender or any Affiliate of a Lender).

“Hedging Agreement” means any interest rate
protection agreement, foreign currency exchange agreement, commodity price
protection agreement or other interest or currency exchange rate or commodity
price hedging arrangement.

“Increasing Lender” has the meaning assigned to
such term in Section 2.08(d).

 9
 

“Indebtedness” of any Person means, without
duplication, (a) all obligations of such Person for borrowed money, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar
instruments, (c) all obligations of such Person under conditional sale or other
title retention agreements relating to property acquired by such Person, (d)
all obligations of such Person in respect of the deferred purchase price of
property or services (excluding (i) accounts payable incurred in the ordinary
course of business and (ii) earn-outs, hold-backs, and similar deferred payment
of consideration in acquisitions (but only to the extent that no payment is
then owed thereunder)), (e) all Indebtedness of others secured by (or for which
the holder of such Indebtedness has an existing right, contingent or otherwise,
to be secured by) any Lien on property owned or acquired by such Person,
whether or not the Indebtedness secured thereby has been assumed, (f) all
Guarantees by such Person of Indebtedness of others, (g) all Capital Lease
Obligations of such Person, (h) all Securitization Transactions of such Person,
(i) all obligations, contingent or otherwise, of such Person as an account
party in respect of letters of credit and letters of guaranty, (j) all
obligations, contingent or otherwise, of such Person in respect of bankers’
acceptances and (k) all Repurchase Obligations. The Indebtedness of any Person
shall include the Indebtedness of any other entity (including any partnership
in which such Person is a general partner) to the extent such Person is liable
therefor as a result of such Person’s ownership interest in or other
relationship with such entity, except to the extent the terms of such
Indebtedness provide that such Person is not liable therefor.

“Indemnified
Taxes” means Taxes other than Excluded Taxes.

“Index Debt”
means senior, unsecured, long-term indebtedness for borrowed money of the
Company that is not guaranteed by any other Person or subject to any other
credit enhancement.

“Information Memorandum” means the Confidential
Information Memorandum dated April 2007 relating to the Company and the
Transactions.

“Interest Election Request” means a request by
a Borrower to convert or continue a Revolving Borrowing in accordance with
Section 2.07.

“Interest Payment Date” means (a) with respect
to any ABR Loan (other than a Swingline Loan), the last day of each March,
June, September and December, (b) with respect to any LIBOR Loan, the last day
of the Interest Period applicable to the Borrowing of which such Loan is a part
and, in the case of a LIBOR Borrowing with an Interest Period of more than
three months’ duration, each day prior to the last day of such Interest Period
that occurs at intervals of three months’ duration after the first day of such
Interest Period and (c) with respect to any Swingline Loan, the day that such
Swingline Loan is required to be repaid.

“Interest
Period” means, with respect to any LIBOR Borrowing, the period commencing
on the date of such Borrowing and ending on the numerically corresponding day
in the calendar month that is one, two, three or six months (or, if agreed to
by each Lender, one or two weeks or nine or twelve months) thereafter, as the
applicable 

 10
 

Borrower may elect; provided
that (a) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day
unless such next succeeding Business Day would fall in the next calendar month,
in which case such Interest Period shall end on the next preceding Business Day
and (b) any Interest Period pertaining to a LIBOR Borrowing that commences on
the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the last calendar month of such Interest
Period) shall end on the last Business Day of the last calendar month of such
Interest Period.  For purposes hereof,
the date of a Borrowing initially shall be the date on which such Borrowing is
made and thereafter shall be the effective date of the most recent conversion
or continuation of such Borrowing.

“Issuing Bank” means JPMorgan Chase Bank, N.A.,
Citibank N.A. and each other Lender that shall have become an Issuing Bank
hereunder as provided in Section 2.05(j) (other than any Person that shall have
ceased to be an Issuing Bank as provided in Section 2.05(k)), each in its
capacity as an issuer of Letters of Credit hereunder. Each Issuing Bank may, in
its discretion, arrange for one or more Letters of Credit to be issued by
Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall
include any such Affiliate with respect to Letters of Credit issued by such
Affiliate.

“LC Disbursement” means a payment made by any
Issuing Bank in respect of a Letter of Credit.

“LC Exposure” means, at any time, (a) the
aggregate undrawn amount of all outstanding Letters of Credit at such time plus
(b) the aggregate amount of all LC Disbursements that have not yet been
reimbursed by or on behalf of the applicable Borrowers at such time.  The LC Exposure of any Lender at any time
shall be its Applicable Percentage of the aggregate LC Exposure at such time.

“Lender Affiliate” means, (a) with respect to
any Lender, (i) an Affiliate of such Lender or (ii) any entity (whether a
corporation, partnership, trust or otherwise) that is engaged in making,
purchasing, holding or otherwise investing in bank loans and similar extensions
of credit in the ordinary course of its business and is administered or managed
by a Lender or an Affiliate of such Lender and (b) with respect to any Lender
that is a fund which invests in bank loans and similar extensions of credit,
any other fund that invests in bank loans and similar extensions of credit and
is managed by the same investment advisor as such Lender or by an Affiliate of
such investment advisor.

“Lenders”
means the Persons listed on Schedule 2.01 and any other Person that shall have
become a party hereto pursuant to an Assignment and Assumption or an Accession
Agreement, other than any such Person that ceases to be a party hereto pursuant
to an Assignment and Assumption.  Unless
the context otherwise requires, the term “Lenders” includes the Swingline
Lender.

“Letter of Credit” means any letter of credit
issued and outstanding under this Agreement.

 11
 

“LIBO Rate” means, with respect to any LIBOR
Borrowing for any Interest Period, the applicable Screen Rate at approximately
11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period, as the rate for dollar deposits with a maturity comparable to
such Interest Period.  In the event that
no Screen Rate is available at such time for any reason, then the “LIBO Rate”
with respect to such LIBOR Borrowing for such Interest Period shall be the rate
at which dollar deposits of $5,000,000 and for a maturity comparable to such
Interest Period are offered by the principal London office of the
Administrative Agent in immediately available funds in the London interbank
market at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period.

“LIBOR”, when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Adjusted LIBO
Rate.

“Lien”
means (a) any mortgage, deed of trust, lien, pledge, hypothecation,
encumbrance, charge or security interest, (b) the interest of a vendor or a
lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect
as any of the foregoing), (c) in the case of securities, any purchase option,
call or similar right of a third party with respect to such securities and (d)
any assignment or sale of any income or revenues (including accounts
receivable) or rights in respect thereof.

“Loans” means the loans made by the Lenders to
the Borrowers pursuant to this Agreement.

“Material
Adverse Effect” means an event or condition that has resulted or would be
materially likely to result in (a) a materially adverse change in the business,
assets, operations or financial condition of the Company and the Subsidiaries,
taken as a whole, (b) material impairment of the ability of the Company to
perform its obligations hereunder or (c) material impairment of the rights of
or benefits available to the Lenders or the Administrative Agent hereunder.

“Material
Indebtedness” means Indebtedness (other than the Loans and Letters of
Credit), or obligations in respect of one or more Hedging Agreements, of any
one or more of the Company and the Subsidiaries in an aggregate principal
amount exceeding $100,000,000.  For
purposes of determining Material Indebtedness, the “principal amount” of the
obligations of the Company or any Subsidiary in respect of any Hedging
Agreements at any time shall be the Hedge Termination Value thereof at such
time.

“Material
Subsidiary” means any Subsidiary (a) that is a Subsidiary Borrower, (b) the
consolidated assets of which equal 5% or more of the consolidated assets of the
Company and the Subsidiaries as of the last day of the most recent fiscal
quarter of the Company or (b) the consolidated revenues of which equal 5% or
more of the consolidated revenues of the Company and the Subsidiaries for the
most recent period of four consecutive fiscal quarters; provided that if
at the end of the most recent fiscal 

 12
 

quarter or for the most
recent period of four consecutive fiscal quarters the consolidated assets or
consolidated revenues of all Subsidiaries that under clauses (b) and (c) above
would not constitute Material Subsidiaries shall have exceeded 15% of the
consolidated assets or 15% of the consolidated revenues of the Company  and the Subsidiaries, then one or more of
such excluded Subsidiaries shall for all purposes of this Agreement be deemed
to be Material Subsidiaries in descending order based on the amounts of their
consolidated assets until such excess shall have been eliminated.

“Maturity Date” means May 11, 2012, as such
date may be extended pursuant to Section 2.09.

“Maturity Date Extension Request” means a
request by the Company, substantially in the form of Exhibit F hereto or such
other form as shall be approved by the Administrative Agent, for the extension
of the Maturity Date pursuant to Section 2.09.

“Moody’s” means Moody’s Investors Service,
Inc., or any successor by merger or consolidation to its business.

“Multiemployer
Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA
to which the Company or any ERISA Affiliate (other than any Person considered
an ERISA Affiliate only pursuant to subsection (m) or (o) of Code Section 414)
is making or accruing an obligation to make contributions, or has within any of
the preceding six plan years made or accrued an obligation to make
contributions.

“Obligations”
means, with respect to any Borrower, the due and punctual payment of (i) the
principal of and premium, if any, and interest (including interest accruing
during the pendency of any bankruptcy, insolvency, receivership or other
similar proceeding, regardless of whether allowed or allowable in such
proceeding) on the Loans made to such Borrower, when and as due, whether at
maturity, by acceleration, upon one or more dates set for prepayment or
otherwise, (ii) each payment required to be made by such Borrower under this
Agreement in respect of any Letter of Credit, when and as due, including
payments in respect of reimbursement of LC Disbursements, interest thereon and
obligations to provide cash collateral and (iii) all other monetary
obligations, including fees, costs, expenses and indemnities, whether primary,
secondary, direct, contingent, fixed or otherwise (including monetary
obligations incurred during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or
allowable in such proceeding), of such Borrower under this Agreement.

“Other Taxes” means any and all present or
future stamp or documentary taxes or any other excise or property taxes,
charges or similar levies arising from any payment made hereunder or from the
execution, delivery or enforcement of, or otherwise with respect to, this
Agreement.

“PBGC” means the Pension Benefit Guaranty
Corporation referred to and defined in ERISA and any successor entity
performing similar functions.

 13

“Pension Act” shall mean the Pension Protection
Act of 2006, as amended.

“Permitted Liens” means:

(a) Liens imposed by law for Taxes that are not yet due and
payable or are being contested in compliance with Section 5.05;

(b) statutory Liens of landlords, carriers, warehousemen,
mechanics, materialmen and suppliers, and similar Liens imposed by Law, in each
case incurred in the ordinary course of business for sums not yet delinquent by
more than 30 days or being contested in good faith;

(c) Liens incurred and pledges and deposits made in the
ordinary course of business in connection with workers’ compensation,
disability or unemployment insurance, old-age pensions, retiree health benefits
and other similar plans or programs and other social security laws or regulations;

(d) deposits to secure the performance of (or to secure
letters of credit or letters of guarantee that secure the performance of) bids,
trade contracts, leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature, in each case in the
ordinary course of business;

(e) leases, licenses, subleases or sublicenses granted to
others (other than as security for Indebtedness) not interfering in any
material respect with the ordinary conduct of the business of the Company and
the Subsidiaries, taken as a whole;

(f) (i) easements, covenants, conditions, restrictions,
zoning restrictions, building codes, land use laws, leases, subleases,
licenses, rights of way, minor irregularities in, or lack of, title and similar
encumbrances affecting real property,  (ii) with
respect to any lessee’s or licensee’s interest in real or personal property,
mortgages, liens, rights and obligations and other encumbrances arising by,
through or under any owner, lessor or licensor thereof and (iii) leases,
licenses, rights and obligations in connection with patents, copyrights,
trademarks, tradenames and other intellectual property, in each case that do
not secure the payment of Indebtedness to the extent, in the case of each of
clauses (i), (ii) and (iii), that the Liens referred to therein do not, in the
aggregate, materially detract from the value of the affected property as used
by the Company or any Subsidiary in the ordinary course of business or
interfere in any material respect with the ordinary conduct of the business of
the Company and the Subsidiaries, taken as a whole;

(g) judgment liens in respect of judgments that do not
constitute an Event of Default under clause (k) of Article VII, and deposits
securing appeal or other surety bonds related to such judgments;

 14
 

(h) Liens in favor of any Governmental Authority (i) to
secure partial progress, advance or other payments pursuant to any contract or
statute or (ii) to secure any Indebtedness incurred for the purpose of financing
all or part of the purchase price or cost of constructing or improving the
property subject to such Liens;

(i) Liens in favor of customs and revenue authorities arising
as a matter of law to secure payment of customs duties in connection with the
importation of goods;

(j) customary landlords’ Liens under leases to which such
Person is a party;

(k) Liens arising under short-term repurchase agreements or
reverse repurchase agreements with respect to US Treasury securities or other
cash equivalent investments, short-term securities lending and securities
borrowing agreements and similar transactions employed in connection with the
management of cash and cash equivalents and short-term investments;

(l) normal and customary rights of setoff, banker’s Liens and
similar rights in respect of deposits of cash, or in respect of investment
securities accounts, in favor of banks or other depository institutions; and

(m) sales, assignments, transfers or dispositions of accounts
receivable in the ordinary course of business for purposes of collection (but
not as part of any Securitization Transaction or factoring arrangement).

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

“Plan”
means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or
Section 302 of ERISA, and in respect of which the Company or any ERISA
Affiliate is (or, if such plan were terminated, would under Section 4069 of
ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

“Prime Rate”
means the rate of interest per annum publicly announced from time to time by
JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office
in New York City. Each change in the Prime Rate shall be effective from and
including the date such change is publicly announced as being effective.

“Register” has the meaning set forth in Section 10.04(c).

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

 15
 

“Repurchase Obligations” means, at any time,
the sum of (a) the World Trade Indebtedness at such time and (b) the aggregate
amount of all other repurchase obligations of the Company and the Subsidiaries
at such time, in each case to the extent such amounts would be shown as
long-term debt on a consolidated balance sheet of the Company as of such time
prepared in accordance with GAAP and in a manner consistent with the financial
statements referred to in Section 3.05.

“Required Lenders” means, at any time, Lenders
having Revolving Credit Exposures and unused Commitments representing more than
50% of the aggregate Revolving Credit Exposures and unused Commitments at such
time.

“Revolving Credit Exposure” means, with respect
to any Lender at any time, the sum at such time, without duplication, of (a)
the principal amounts of such Lender’s outstanding Revolving Loans, (b) the
aggregate amount of such Lender’s LC Exposure and (c) the aggregate amount of
such Lender’s Swingline Exposure.

“Revolving Loan”
means a Loan made pursuant to Section 2.01.

“Sale-Leaseback Transaction” means any
arrangement whereby the Company or a Subsidiary shall sell or transfer any
property, real or personal, used or useful in its business, whether now owned
or hereinafter acquired, and thereafter rent or lease such property or other
property that it intends to use for substantially the same purpose or purposes
as the property sold or transferred; provided that any such arrangement
entered into within 180 days after the acquisition or construction of the
subject property shall not be deemed to be a “Sale-Leaseback Transaction”.

“Screen Rate” means, in respect of the LIBO
Rate for any Interest Period, the British Bankers Association Interest
Settlement Rate for such Interest Period as set forth on the applicable page of
the Telerate Service (and if such page is replaced or such service ceases to be
available, another page or service displaying the appropriate rate designated
by the Administrative Agent).

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

“Securitization Transaction” means any transfer
by the Company or any Subsidiary of accounts receivable or interests therein
(a) to a trust, partnership, corporation or other entity, which transfer is
funded in whole or in part, directly or indirectly, by the incurrence or
issuance by the transferee or successor transferee of indebtedness or other
securities that are to receive payments from, or that represent interests in,
the cash flow derived from such accounts receivable or interests therein, or (b)
directly to one or more investors or other purchasers.  The “amount” or “principal amount” of any
Securitization Transaction shall be deemed at any time to be the aggregate
principal or stated amount of the Indebtedness or other securities referred to
in such clause or, if there shall be no such principal or stated amount, the
uncollected amount of the Receivables transferred pursuant to such
Securitization Transaction net of any such Receivables that have been written
off as uncollectible.

 16
 

“S&P” means Standard & Poor’s Ratings
Services, a division of The McGraw-Hill Companies, Inc., or any successor by
merger or consolidation to its business.

“Statutory Reserve Rate” means a fraction
(expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum
reserve percentages (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Board to which the
Administrative Agent is subject for LIBOR funding (currently referred to as “LIBOR
Liabilities” in Regulation D of the Board). 
Such reserve percentages shall include those imposed pursuant to such
Regulation D.  LIBOR Loans shall be
deemed to constitute LIBOR funding and to be subject to such reserve
requirements without benefit of or credit for proration, exemptions or offsets
that may be available from time to time to any Lender under such Regulation D
or any comparable regulation. The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve
percentage.

“subsidiary”
means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other
entity the accounts of which would be consolidated with those of the parent in
the parent’s consolidated financial statements if such financial statements
were prepared in accordance with GAAP as of such date, as well as any other
corporation, limited liability company, partnership, association or other
entity (a) of which securities or other ownership interests representing more
than 50% of the equity or more than 50% of the ordinary voting power or, in the
case of a partnership, more than 50% of the general partnership interests are,
as of such date, owned, controlled or held, or (b) that is, as of such date,
otherwise Controlled, by the parent or one or more subsidiaries of the parent
or by the parent and one or more subsidiaries of the parent.

“Subsidiary”
means any subsidiary of the Company.

“Swingline Exposure” means, at any time, the
aggregate principal amount of all Swingline Loans outstanding at such
time.  The Swingline Exposure of any
Lender at any time shall be such Lender’s Applicable Percentage of the
aggregate Swingline Exposure.

“Swingline
Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of
Swingline Loans hereunder.

“Swingline Loan”
means a Loan made pursuant to Section 2.04.

“Taxes” means any and all present or future
taxes, levies, imposts, duties, deductions, charges or withholdings imposed by
any Governmental Authority.

“Transactions” means the execution, delivery
and performance by the Company and the other Borrowers of this Agreement, the borrowing
of Loans, the use of proceeds thereof and the issuance of Letters of Credit
hereunder.

 17
 

“Type”, when used in reference to any Loan or
Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate
or the Alternate Base Rate.

“USA Patriot Act” means the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001.

“US Borrowing
Subsidiary” means any Borrowing Subsidiary that is a US Subsidiary.

“US Dollars” or “$” means the lawful
currency of the United States of America.

“US Subsidiary”
means any Subsidiary that is organized under the laws of the United States of
America, any State thereof or the District of Columbia.

“Utilization
Percentage” means the percentage produced by dividing (a) the Revolving
Credit Exposures by (b) the total Commitments, unless the Commitments shall
have been terminated, in which case the Utilization Percentage shall be 100%.

“Withdrawal Liability” means liability to a
Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title
IV of ERISA.

“World Trade Indebtedness” means, at any time,
the amount of the repurchase obligations at such time of Agilent Technologies
World Trade, Inc., a wholly owned Subsidiary, under the World Trade Master
Repurchase Agreement that would be shown as long-term debt on a consolidated
balance sheet of the Company as of such time prepared in accordance with GAAP
and in a manner consistent with the financial statements referred to in Section
3.05.

“World Trade
Master Repurchase Agreement” means the Master Repurchase Agreement dated as
of January 27, 2006, among Agilent Technologies World Trade, Inc., a wholly
owned subsidiary of the Company, and Fenway Capital, LLC.

“World Trade
Restricted Cash” means, at any time, the aggregate amount of all cash and
cash equivalents held at such time by Agilent Technologies (Cayco) Limited, an
exempted company incorporated with limited liability under the laws of the
Cayman Islands and a Subsidiary all the common equity of which is indirectly
owned by the Company, in a custody account established in its name with The Bank
of New York Trust Company (Cayman) Limited pursuant to that certain Amended and
Restated Global Custody Agreement (CP Investments), dated as of January 27,
2006, between AT Cayco and a custodian.

SECTION 1.02. Classification
of Loans and Borrowings. For purposes of this Agreement, Loans may be
classified and referred to by Class (e.g., a “Revolving Loan”) or by
Type (e.g., a “LIBOR Loan”) or by Class and Type (e.g., a “LIBOR 

 18
 

Revolving Loan”).  Borrowings also may be classified and
referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g.,
a “LIBOR Borrowing”) or by Class and Type (e.g., a “LIBOR Revolving
Borrowing”).

SECTION 1.03. Terms
Generally.  The definitions of terms
herein shall apply equally to the singular and plural forms of the terms
defined.  Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and
neuter forms.  The words “include”, “includes”
and “including” shall be deemed to be followed by the phrase “without
limitation”.  The word “will” shall be
construed to have the same meaning and effect as the word “shall”.  Unless the context requires otherwise (a) any
definition of or reference to any agreement, instrument or other document
herein shall be construed as referring to such agreement, instrument or other
document as from time to time amended, supplemented or otherwise modified
(subject to any restrictions on such amendments, supplements or modifications
set forth herein), (b) any reference herein to any Person shall be construed to
include such Person’s successors and assigns, (c) the words “herein”, “hereof”
and “hereunder”, and words of similar import, shall be construed to refer to
this Agreement in its entirety and not to any particular provision hereof, (d)
all references herein to Articles, Sections, Exhibits and Schedules shall be
construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement and (e) the words “asset” and “property” shall be construed to
have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and
contract rights.

SECTION 1.04. Accounting
Terms; GAAP. Except as otherwise expressly provided herein, all terms of an
accounting or financial nature shall be construed in accordance with GAAP, as
in effect from time to time; provided that, if the Company notifies the
Administrative Agent that the Company requests an amendment to any provision
hereof to eliminate the effect of any change occurring after the date hereof in
GAAP or in the application thereof on the operation of such provision (or if
the Administrative Agent notifies the Company that the Required Lenders request
an amendment to any provision hereof for such purpose), regardless of whether
any such notice is given before or after such change in GAAP or in the
application thereof, then such provision shall be interpreted on the basis of
GAAP as in effect and applied immediately before such change shall have become
effective until such notice shall have been withdrawn or such provision amended
in accordance herewith.

ARTICLE II

The Credits 

SECTION 2.01. Commitments.  Subject to the terms and conditions set forth
herein, each Lender agrees to make Revolving Loans to the Company and the
Borrowing Subsidiaries from time to time during the Availability Period in an
aggregate principal amount at any time outstanding that will not result in (a)
such Lender’s Revolving Credit Exposure exceeding its Commitment or (b) the sum
of the total Revolving Credit Exposures exceeding the total Commitments.  Within the foregoing 

 19
 

limits and subject to the terms and conditions set forth herein, the
Borrowers may borrow, prepay and reborrow Revolving Loans.

SECTION 2.02. Loans
and Borrowings. (a) Each Revolving Loan shall be made as part of a
Borrowing consisting of Revolving Loans made by the Lenders ratably in
accordance with their respective Commitments. 
The failure of any Lender to make any Revolving Loan required to be made
by it shall not relieve any other Lender of its obligations hereunder; provided
that the Commitments of the Lenders are several and no Lender shall be
responsible for any other Lender’s failure to make Revolving Loans as required.

(b) Subject to Section 2.14, each Revolving Borrowing
shall be comprised entirely of ABR Loans or LIBOR Loans, as the applicable
Borrower may request in accordance herewith. 
Each Swingline Loan shall be an ABR Loan.  Each Lender at its option may make any Loan
by causing any domestic or foreign branch or Affiliate of such Lender to make
such Loan; provided that any exercise of such option shall not affect
the obligation of the applicable Borrower to repay such Loan in accordance with
the terms of this Agreement.

(c) At the commencement of each Interest Period for any
LIBOR Revolving Borrowing, and at the time each ABR Revolving Borrowing is
made, such Borrowing shall be in an aggregate amount that is an integral
multiple of $1,000,000 and not less than $5,000,000; provided that an
ABR Revolving Borrowing may be in an aggregate amount that is equal to the
entire unused balance of the Commitments or that is required to finance the
reimbursement of an LC Disbursement as contemplated by Section 2.05(e).  Each Swingline Loan shall be in an integral
multiple of $1,000,000.  Borrowings of
more than one Type may be outstanding at the same time; provided that
there shall not at any time be more than a total of 10 LIBOR Revolving
Borrowings outstanding.

(d) Notwithstanding any other provision of this
Agreement, the Borrowers shall not be entitled to request, or to elect to
convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end after the Maturity Date.

SECTION 2.03. Requests for Revolving Borrowings.
To request a Revolving Borrowing, the applicable Borrower shall notify the
Administrative Agent by telephone, confirmed promptly by hand delivery or fax
to the Administrative Agent of a written Borrowing Request in a form approved
by the Administrative Agent and signed by a Financial Officer of such Borrower,
(a) in the case of a LIBOR Revolving Borrowing, not later than 12:00 noon, New
York City time, three Business Days before the date of the proposed Borrowing
and (b) in the case of an ABR Revolving Borrowing, not later than 2:00 p.m., New
York City time, one Business Day before the date of the proposed Borrowing.
Each such telephonic and written Borrowing Request shall be irrevocable and
shall specify the following information in compliance with Section 2.02:

(a) the Borrower requesting such Borrowing;

 20
 

(b) the principal amount of such Borrowing;

(c) the date of such Borrowing, which shall be a
Business Day;

(d) the Type of such Borrowing;

(e) in the case of a LIBOR Borrowing, the initial Interest
Period to be applicable thereto, which shall be a period contemplated by the
definition of the term “Interest Period”;

(f) the location and number of the account to which funds are
to be disbursed, which shall comply with the requirements of Section 2.06; and

(g) in the case of a Borrowing by a Borrowing Subsidiary that
is not a US Borrowing Subsidiary, the jurisdiction from which payments of the
principal and interest on such Borrowing will be made.

If no election as
to the Type of Revolving Borrowing is specified, then the requested Revolving
Borrowing shall be an ABR Revolving Borrowing. 
If no Interest Period is specified with respect to any requested LIBOR
Revolving Borrowing, then the applicable Borrower shall be deemed to have
selected an Interest Period of one month’s duration. Promptly following receipt
of a Borrowing Request in accordance with this Section, the Administrative
Agent shall advise each Lender of the details thereof and of the amount of such
Lender’s Loan to be made as part of the requested Borrowing.

SECTION 2.04. Swingline
Loans. (a) Subject to the terms and conditions set forth herein, the
Swingline Lender agrees to make Swingline Loans to the Company and the
Borrowing Subsidiaries from time to time during the Availability Period in an
aggregate principal amount at any time outstanding that will not result in (i)
the aggregate principal amount of outstanding Swingline Loans exceeding
$30,000,000 or (ii) the sum of the total Revolving Credit Exposures exceeding
the total Commitments; provided that the Swingline Lender shall not be
required to make a Swingline Loan to refinance an outstanding Swingline Loan.
Within the foregoing limits and subject to the terms and conditions set forth
herein, the Borrowers may borrow, prepay and reborrow Swingline Loans.

(b) To request a Swingline Loan, the applicable
Borrower shall notify the Administrative Agent by telephone, confirmed promptly
by hand delivery or fax, not later than 1:00 p.m., New York City time, on the
day of a proposed Swingline Loan.  Each
such notice shall be irrevocable and shall specify the requested date of such
Swingline Loan (which shall be a Business Day) and the principal amount of  such Swingline Loan. The Administrative Agent
will promptly advise the Swingline Lender of any such notice received by it.
The Swingline Lender shall make each Swingline Loan available to applicable
Borrower by means of a credit to the general deposit account of such Borrower
with the Swingline Lender (or, in the case of a Swingline Loan made to finance
the reimbursement of an LC Disbursement as provided in Section 2.05(e), by
remittance to the applicable Issuing Bank) by 3:00 p.m., New York City time, on
the requested date of such Swingline Loan.

 21

(c) The Swingline Lender may by written notice given
to the Administrative Agent not later than 10:00 a.m., New York City time, on
any Business Day require the Lenders to acquire participations on such Business
Day in all or a portion of the Swingline Loans outstanding. Such notice shall
specify the aggregate amount of Swingline Loans in which the Lenders will
participate.  Promptly following receipt
of such notice, the Administrative Agent will give notice thereof to each
Lender, specifying in such notice such Lender’s Applicable Percentage of such
Swingline Loan or Loans.  Each Lender
hereby absolutely and unconditionally agrees, upon receipt of notice as
provided above, to pay to the Administrative Agent, for the account of the
Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or
Loans.  Each Lender acknowledges and
agrees that its obligation to acquire participations pursuant to this paragraph
in Swingline Loans is absolute and unconditional and shall not be affected by
any circumstance whatsoever, including the occurrence and continuance of a
Default or reduction or termination of the Commitments, and that each such
payment shall be made without any offset, abatement, withholding or reduction
whatsoever.  Each Lender shall comply
with its obligations under this paragraph by wire transfer of immediately
available funds, in the same manner as provided in Section 2.06 with respect to
Revolving Loans made by such Lender (and Section 2.06 shall apply, mutatis
mutandis, to the payment obligations of the Lenders), and the Administrative
Agent shall promptly pay to the Swingline Lender the amounts so received by it
from the Lenders.  The Administrative
Agent shall notify the relevant Borrower of any participations in any Swingline
Loan acquired pursuant to this paragraph, and thereafter payments in respect of
such Swingline Loan shall be made to the Administrative Agent and not to the
Swingline Lender.  Any amounts received
by the Swingline Lender from the relevant Borrower (or other party on behalf of
such Borrower) in respect of a Swingline Loan after receipt by the Swingline
Lender of the proceeds of a sale of participations therein shall be promptly
remitted to the Administrative Agent; any such amounts received by the
Administrative Agent shall be promptly remitted by the Administrative Agent to
the Lenders that shall have made their payments pursuant to this paragraph and
to the Swingline Lender, as their interests may appear; provided that
any such payment so remitted shall be repaid to the Swingline Lender or to the
Administrative Agent, as applicable, if and to the extent such payment is
required to be refunded to any Borrower for any reason. The purchase of
participations in a Swingline Loan pursuant to this paragraph shall not relieve
any Borrower of any default in the payment thereof.

SECTION 2.05. Letters
of Credit. (a) General. 
Subject to the terms and conditions set forth herein, any Borrower may
request any Issuing Bank to issue Letters of Credit (or to amend, renew or
extend outstanding Letters of Credit) for its own account or, so long as the
Company is a joint and several co-applicant with respect thereto, for the
account of any Subsidiary, in a form reasonably acceptable to the
Administrative Agent and the applicable Issuing Bank, at any time and from time
to time during the Availability Period. In the event of any inconsistency
between the terms and conditions of this Agreement and the terms and conditions
of any form of letter of credit application or other agreement submitted by any
Borrower to, or entered into by any Borrower with, an Issuing Bank relating to
any Letter of Credit, the terms and conditions of this Agreement shall
control.  The Company unconditionally and
irrevocably agrees that, in connection with any Letter of Credit issued for the
account of any Subsidiary as provided 

 22
 

in the first sentence of
this paragraph, the Company will be fully responsible for the reimbursement of
LC Disbursements, the payment of interest thereon and the payment of fees due
under Section 2.12(b) to the same extent as if it were the sole account party
in respect of such Letter of Credit (the Company hereby irrevocably waiving any
defenses that might otherwise be available to it as a guarantor of the
obligations of any Subsidiary that shall be an account party in respect of any
such Letter of Credit).

(b) Notice of Issuance, Amendment, Renewal,
Extension; Certain Conditions.  To
request the issuance of a Letter of Credit (or the amendment, renewal or
extension of an outstanding Letter of Credit), the requesting Borrower shall
deliver (or transmit by electronic communication, if arrangements for doing so
have been approved by the applicable Issuing Bank) to the applicable Issuing
Bank and the Administrative Agent, reasonably in advance of the requested date
of issuance, amendment, renewal or extension, a notice requesting the issuance
of a Letter of Credit, or identifying the Letter of Credit to be amended,
renewed or extended, and specifying the date of issuance, amendment, renewal or
extension (which shall be a Business Day), the date on which such Letter of
Credit is to expire (which shall comply with paragraph (c) of this Section),
the amount of such Letter of Credit, the name and address of the beneficiary
thereof and such other information as shall be reasonably necessary to enable
the applicable Issuing Bank to prepare, amend, renew or extend such Letter of
Credit.  If requested by the applicable
Issuing Bank, the applicable Borrower also shall submit a letter of credit
application on such Issuing Bank’s standard form in connection with any request
for a Letter of Credit.  A Letter of
Credit shall be issued, amended, renewed or extended only if (and upon
issuance, amendment, renewal or extension of each Letter of Credit the
applicable Borrower shall be deemed to represent and warrant that), after
giving effect to such issuance, amendment, renewal or extension (i) the LC
Exposure shall not exceed $50,000,000, (ii) the total Revolving Credit
Exposures will not exceed the total Commitments and (iii) in the event the
Maturity Date shall have been extended as provided in Section 2.09, the LC
Exposures attributable to Letters of Credit expiring after any Existing
Maturity Date shall not exceed the total Commitments that have been extended to
a date after the expiration date of the last of such Letters of Credit.

(c) Expiration Date.  Each Letter of Credit shall expire at or
prior to the close of business on the earlier of (i) the date one year after
the date of the issuance of such Letter of Credit (or, in the case of any
renewal or extension thereof, one year after such renewal or extension) and
(ii) the date that is five Business Days prior to the Maturity Date. A Letter
of Credit may provide for automatic renewals for additional periods of up to
one year subject to a right on the part of the applicable Issuing Bank to
prevent any such renewal from occurring by giving notice to the beneficiary
during a specified period in advance of any such renewal, and the failure of
such Issuing Bank to give such notice by the end of such period shall for all
purposes hereof be deemed an extension of such Letter of Credit; provided
that in no event shall any Letter of Credit, as extended from time to time,
expire after the date that is five Business Days prior to the Maturity Date.

(d) Participations.  By the issuance of a Letter of Credit (or an
amendment to a Letter of Credit increasing the amount thereof) and without any
further action on the 

 

 23
 

part of the applicable Issuing Bank or the Lenders, the applicable
Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from
such Issuing Bank, a participation in such Letter of Credit equal to such
Lender’s Applicable Percentage from time to time of the aggregate amount
available to be drawn under such Letter of Credit.  In consideration and in furtherance of the
foregoing, each Lender hereby absolutely and unconditionally agrees to pay to
the Administrative Agent, for the account of such Issuing Bank, such Lender’s
Applicable Percentage of each LC Disbursement made by such Issuing Bank and not
reimbursed by the applicable Borrower on the date due as provided in paragraph
(e) of this Section, or of any reimbursement payment required to be refunded to
the applicable Borrower for any reason. 
Each Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this paragraph in respect of Letters of Credit is
absolute and unconditional and shall not be affected by any circumstance
whatsoever, including any amendment, renewal or extension of any Letter of
Credit or the occurrence and continuance of a Default or reduction or
termination of the Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever.

(e) Reimbursement.  If an Issuing Bank shall make any LC
Disbursement in respect of a Letter of Credit, the applicable Borrower shall
reimburse such LC Disbursement by paying to the Administrative Agent an amount
equal to such LC Disbursement not later than 3:00 p.m., New York City time, on
the date that such LC Disbursement is made, if such Borrower shall have
received notice of such LC Disbursement prior to 10:00 a.m., New York City
time, on such date, or, if such notice has not been received by such Borrower
prior to such time on such date, then not later than 3:00 p.m., New York City
time, on (i) the Business Day that such Borrower receives such notice, if such
notice is received prior to 10:00 a.m., New York City time, on the day of
receipt, or (ii) the Business Day immediately following the day that such
Borrower receives such notice, if such notice is not received prior to such
time on the day of receipt; provided that the applicable Borrower may,
subject to the conditions to borrowing set forth herein, request in accordance
with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving
Borrowing or a Swingline Loan in an equivalent amount and, to the extent so
financed, such Borrower’s obligation to make such payment shall be discharged
and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If
such Borrower fails to make such payment when due, the applicable Issuing Bank
shall notify the Administrative Agent of such failure in accordance with
Section 2.05(l), and the Administrative Agent shall in turn notify each Lender
of the applicable LC Disbursement, the amount of the payment then due from such
Borrower in respect thereof and such Lender’s Applicable Percentage
thereof.  Promptly following receipt of
such notice, each Lender shall pay to the Administrative Agent its Applicable
Percentage of the payment then due from such Borrower, in the same manner as
provided in Section 2.06 with respect to Revolving Loans made by such Lender
(and Section 2.06 shall apply, mutatis  mutandis, to the payment
obligations of the Lenders), and the Administrative Agent shall promptly pay to
such Issuing Bank the amounts so received by it from the Lenders.  Promptly following receipt by the
Administrative Agent of any payment from a Borrower pursuant to this paragraph,
the Administrative Agent shall distribute such payment to such Issuing Bank or,
to the extent that Lenders have made payments pursuant to this paragraph to
reimburse such Issuing 

 24
 

Bank, then to such Lenders and such Issuing Bank, as their interests
may appear.  Any payment made by a Lender
pursuant to this paragraph to reimburse such Issuing Bank for any LC
Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan
as contemplated above) shall not constitute a Loan and shall not relieve the
applicable Borrower of its obligation to reimburse such LC Disbursement.

(f) Obligations Absolute.  Each Borrower’s obligation to reimburse LC
Disbursements as provided in paragraph (e) of this Section shall be absolute,
unconditional and irrevocable, and shall be performed strictly in accordance
with the terms of this Agreement under any and all circumstances whatsoever and
irrespective of  (i) any lack of validity or
enforceability of any Letter of Credit or this Agreement or any term or
provision therein, (ii) any draft or other document presented under a Letter of
Credit proving to be forged, fraudulent or invalid in any respect or any
statement therein being untrue or inaccurate in any respect, (iii) payment by
the applicable Issuing Bank under a Letter of Credit against presentation of a
draft or other document that does not strictly comply with the terms of such
Letter of Credit or (iv) any other event or circumstance whatsoever, whether or
not similar to any of the foregoing, that might, but for the provisions of this
Section, constitute a legal or equitable discharge of, or provide a right of
setoff against, the applicable Borrower’s obligations hereunder.  None of the Administrative Agent, the
Lenders, any Issuing Bank or any of their Related Parties shall have any
liability or responsibility by reason of or in connection with the issuance or
transfer of any Letter of Credit or any payment or failure to make any payment
thereunder (irrespective of any of the circumstances referred to in the
preceding sentence), or any error, omission, interruption, loss or delay in
transmission or delivery of any draft, notice or other communication under or
relating to any Letter of Credit (including any document required to make a
drawing thereunder), any error in interpretation of technical terms or any
consequence arising from causes beyond the control of such Issuing Bank; provided
that nothing in this Section shall be construed to excuse an Issuing Bank from
liability to the applicable Borrower to the extent of any direct damages (as
opposed to consequential damages, claims in respect of which are hereby waived
by each Borrower to the extent permitted by applicable law) suffered by such
Borrower that are caused by such Issuing Bank’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof. 
The parties hereto expressly agree that, in the absence of gross
negligence or willful misconduct on the part of an Issuing Bank (as finally
determined by a non-appealable judgment of a court of competent jurisdiction),
such Issuing Bank shall be deemed to have exercised care in each such
determination.  In furtherance of the
foregoing and without limiting the generality thereof, the parties agree that,
with respect to documents presented that appear on their face to be in
substantial compliance with the terms of a Letter of Credit, an Issuing Bank
may, in its sole discretion, either accept and make payment upon such documents
without responsibility for further investigation, regardless of any notice or
information to the contrary, or refuse to accept and make payment upon such
documents if such documents are not in strict compliance with the terms of such
Letter of Credit.

(g) Disbursement
Procedures. The applicable Issuing Bank shall, promptly following its
receipt thereof, examine all documents purporting to represent a 

 25
 

demand for payment under a Letter of Credit.  Such Issuing Bank shall promptly notify the
Administrative Agent and the applicable Borrower by telephone (confirmed by
fax) of such demand for payment and whether such Issuing Bank has made or will
make an LC Disbursement thereunder; provided that any failure to give or
delay in giving such notice shall not relieve the applicable Borrower of its
obligation to reimburse such Issuing Bank and the Lenders with respect to any
such LC Disbursement.

(h) Interim Interest.  If an Issuing Bank shall make any LC
Disbursement, then, unless the applicable Borrower shall reimburse such LC
Disbursement in full on the date such LC Disbursement is made, the unpaid
amount thereof shall bear interest, for each day from and including the date
such LC Disbursement is made to but excluding the date that such Borrower
reimburses such LC Disbursement at the rate per annum then applicable to ABR
Revolving Loans; provided that, if such Borrower fails to reimburse such
LC Disbursement when due pursuant to paragraph (e) of this Section, then
Section 2.13(c) shall apply.  Interest
accrued pursuant to this paragraph shall be for the account of the applicable
Issuing Bank, except that interest accrued on and after the date of payment by
any Lender pursuant to paragraph (e) of this Section to reimburse such Issuing
Bank shall be for the account of such Lender to the extent of such payment.

(i) Cash Collateralization. If any Event of
Default shall occur and be continuing, on the Business Day that the Company
receives notice from the Administrative Agent or the Required Lenders (or, if
the maturity of the Loans has been accelerated, Lenders with LC Exposures
representing more than 50% of the aggregate amount of LC Exposure) demanding
the deposit of cash collateral pursuant to this paragraph, each applicable
Borrower shall deposit in respect of each outstanding Letter of Credit issued
for such Borrower’s account (or, in the case of the Company, with respect to
which it is a co-applicant), in an account with the Administrative Agent, in
the name of the Administrative Agent and for the benefit of the Lenders and the
applicable Issuing Bank, an amount in cash equal to the portion of the LC
Exposure attributable to such Letter of Credit as of such date plus any accrued
and unpaid interest thereon; provided that the obligation to cash
collateralize shall become effective immediately, and such deposit shall become
immediately due and payable, without demand or other notice of any kind, upon
the occurrence of any Event of Default with respect to the Company or any
Borrower described in clause (h) or (i) of Article VII.  Each such deposit shall be held by the
Administrative Agent as collateral for the payment and performance of the
obligations of the Borrowers under this Agreement.  The Administrative Agent shall have exclusive
dominion and control, including the exclusive right of withdrawal, over such
account. Other than any interest earned on the investment of such deposits,
which investments shall be made at the option and sole discretion of the
Administrative Agent and at the Borrowers’ risk and expense, such deposits
shall not bear interest.  Interest or
profits, if any, on such investments shall accumulate in such account.  Monies in such account shall be applied by
the Administrative Agent to reimburse the applicable Issuing Banks for LC
Disbursements for which they have not been reimbursed and, to the extent not so
applied, shall be held for the satisfaction of the reimbursement obligations of
the Borrowers for the LC Exposure at such time or, if the maturity of the Loans
has been accelerated (but subject to the consent of Lenders with LC Exposures
representing more than 50% of the aggregate amount of LC Exposure), be applied
to satisfy other 

 26
 

obligations of the Borrowers under this Agreement.  If the Borrowers are required to provide cash
collateral hereunder as a result of the occurrence of an Event of Default, such
cash collateral (to the extent not applied as aforesaid) shall be returned to
the Borrowers within three Business Days after all Events of Default have been
cured or waived.

(j) Designation of Additional Issuing Banks.  From time to time, the Company may by notice
to the Administrative Agent and the Lenders designate as additional Issuing
Banks one or more Lenders that agree to serve in such capacity as provided
below. The acceptance by a Lender of any appointment as an Issuing Bank
hereunder shall be evidenced by an agreement, which shall be in a form
satisfactory to the Company and the Administrative Agent, executed by such
Lender, the Company and the Administrative Agent and, from and after the
effective date of such agreement, (i) such Lender shall have all the rights and
obligations of an Issuing Bank under this Agreement and (ii) references herein
to the term “Issuing Bank” shall be deemed to include such Lender in its
capacity as an Issuing Bank.

(k) Termination of an Issuing Bank.  The Company may terminate the appointment of
any Issuing Bank as an “Issuing Bank” hereunder by providing a written notice
thereof to such Issuing Bank and the Administrative Agent.  Any such termination shall become effective
upon the earlier of (i) such Issuing Bank acknowledging receipt of such notice
and (ii) the 10th Business Day following the date of the delivery thereof.  At the time any such termination shall become
effective, the Company shall pay all unpaid fees accrued for the account of the
terminated Issuing Bank pursuant to Section 2.12(b).  From and after the effective date of any such
termination, the terminated Issuing Bank shall remain a party hereto and shall
continue to have all the rights and obligations of an Issuing Bank under this
Agreement with respect to Letters of Credit issued by it prior to such
replacement, but shall not issue additional Letters of Credit.

(l) Issuing Bank Reports.  Unless otherwise agreed by the Administrative
Agent, each Issuing Bank shall report in writing to the Administrative Agent
(i) on or prior to each Business Day on which such Issuing Bank issues, amends,
renews or extends any Letter of Credit, the date of such issuance, amendment,
renewal or extension, and the face amounts of the Letters of Credit issued,
amended, renewed or extended by it and outstanding after giving effect to such
issuance, amendment, renewal or extension (and whether the amounts thereof
shall have changed), it being understood that such Issuing Bank shall not
effect any issuance, renewal, extension or amendment resulting in an increase
in the aggregate amount of the Letters of Credit issued by it without first
obtaining written confirmation from the Administrative Agent that such increase
is then permitted under this Agreement, (ii) on any Business Day on which such
Issuing Bank makes any LC Disbursement, the date and amount of such LC
Disbursement, (iii) on any Business Day on which the applicable Borrower fails
to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank
on such day, the date of such failure and the amount of such LC Disbursement
and (iv) on any other Business Day, such other information as the
Administrative Agent shall reasonably request as to the Letters of Credit
issued by such Issuing Bank.

 27
 

SECTION 2.06. Funding of Borrowings. (a) Each
Lender shall make each Loan to be made by it hereunder on the proposed date
thereof by wire transfer of immediately available funds by 1:30 p.m., New York
City time, to the account of the Administrative Agent most recently designated
by it for such purpose by notice to the Lenders. The Administrative Agent will
make such Revolving Loans available to the applicable Borrower by promptly
crediting the amounts so received, in like funds, to the account designated by
such Borrower in the applicable Borrowing Request; provided that ABR
Revolving Loans made to finance the reimbursement of an LC Disbursement as
provided in Section 2.05(e) shall be remitted by the Administrative Agent to
the applicable Issuing Bank.

(b) Unless the Administrative Agent shall have
received notice from a Lender prior to the proposed date of any Revolving
Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s share of such Revolving Borrowing, the Administrative Agent may
assume that such Lender has made such share available on such date in
accordance with paragraph (a) of this Section and may, in reliance upon such
assumption, make available to the applicable Borrower a corresponding
amount.  In such event, if a Lender has
not in fact made its share of the applicable Revolving Borrowing available to
the Administrative Agent, then the applicable Lender and such Borrower
severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount with interest thereon, for each day from and including the
date such amount is made available to such Borrower to but excluding the date
of payment to the Administrative Agent, at (i) in the case of such Lender, the
rate reasonably determined by the Administrative Agent to be the cost to it of
funding such amount or (ii) in the case of such Borrower, the interest rate
applicable to the subject Revolving Loan pursuant to Section 2.13 (it being
understood that nothing in this paragraph shall require any Borrower to pay any
interest in duplication of the interest payable under such Section).

SECTION 2.07. Interest Elections. (a) Each
Revolving Borrowing initially shall be of the Type specified in the applicable
Borrowing Request and, in the case of a LIBOR Borrowing, shall have an initial
Interest Period as specified in such Borrowing Request. Thereafter, the
applicable Borrower may elect to convert such Revolving Borrowing to a
Revolving Borrowing of a different Type or to continue such Revolving Borrowing
and, in the case of a LIBOR Borrowing, may elect Interest Periods therefor, all
as provided in this Section and on terms consistent with the other provisions
of this Agreement.  A Borrower may elect
different options with respect to different portions of an affected Revolving
Borrowing, in which case each such portion shall be allocated ratably among the
Lenders holding the Loans comprising such Revolving Borrowing and the Loans
resulting from an election made with respect to any such portion shall be
considered a separate Revolving Borrowing. 
This Section shall not apply to Swingline Loans, which may not be
converted or continued.

(b) To make an
election pursuant to this Section, the electing Borrower shall notify the
Administrative Agent of such election by telephone by the time that a Borrowing
Request would be required under Section 2.03 if such Borrower were requesting a
Revolving Borrowing of the Type resulting from such election to be made 

 28
 

on the effective date of such election. Each such Interest
Election Request shall be irrevocable and shall be confirmed promptly by hand
delivery or fax to the Administrative Agent of a written Interest Election
Request in a form approved by the Administrative Agent and signed by a
Financial Officer on behalf of the applicable Borrower. Notwithstanding any
other provision of this Section, a Borrower shall not be permitted to elect an
Interest Period for LIBOR Loans that does not comply with Section 2.02(d).

(c) Each telephonic and written Interest Election
Request shall specify the following information in compliance with Section
2.02:

(i) the Borrowing to which such Interest Election Request
applies and, if different options are being elected with respect to different
portions thereof, the portions thereof to be allocated to each resulting
Borrowing (in which case the information to be specified pursuant to clauses
(iii) and (iv) below shall be specified for each resulting Borrowing;

(ii) the effective date of the election made pursuant to such
Interest Election Request, which shall be a Business Day;

(iii) the Type of the resulting Borrowing; and

(iv) if the resulting Borrowing is to be a LIBOR Borrowing,
the Interest Period to be applicable thereto after giving effect to such
election, which shall be a period contemplated by the definition of the term “Interest
Period”.

If any such Interest Election Request requests a LIBOR
Revolving Borrowing but does not specify an Interest Period, then the
applicable Borrower shall be deemed to have selected an Interest Period of one
month’s duration.

(d) Promptly following receipt of an Interest Election
Request, the Administrative Agent shall advise each Lender of the details
thereof and of such Lender’s portion of each resulting Revolving Borrowing.

(e) If the applicable Borrower fails to deliver a
timely Interest Election Request with respect to a LIBOR Revolving Borrowing
prior to the end of the Interest Period applicable thereto, then, unless such
Borrowing is repaid as provided herein, at the end of such Interest Period,
such Borrowing shall be converted to an ABR Revolving Borrowing.

(f) Notwithstanding any contrary provision hereof, if
an Event of Default has occurred and is continuing and the Administrative
Agent, at the request of the Required Lenders, so notifies the Borrowers, then,
so long as an Event of Default is continuing (i) no outstanding Revolving
Borrowing may be converted to or continued as a LIBOR Borrowing and (ii) unless
repaid, each LIBOR Revolving Borrowing shall be converted to an ABR Revolving
Borrowing at the end of the Interest Period applicable thereto.

 29

SECTION
2.08. Termination, Reduction and Increase of Commitments.  (a) Unless previously terminated, the
Commitments shall terminate on the Maturity Date.

(b)
The Company may at any time terminate, or from time to time reduce, the
Commitments; provided that (i) each reduction of the Commitments shall
be in an amount that is an integral multiple of $1,000,000 and not less than
$10,000,000 and (ii) the Company shall not terminate or reduce the Commitments
if, after giving effect thereto and any concurrent prepayment of the Loans in
accordance with Section 2.11, the total Revolving Credit Exposures would exceed
the total Commitments.

(c)
The Company shall notify the Administrative Agent of any election to terminate
or reduce the Commitments under paragraph (b) of this Section at least three
Business Days prior to the effective date of such termination or reduction,
specifying such election and the effective date thereof. Promptly following
receipt of any notice, the Administrative Agent shall advise the Lenders of the
contents thereof.  Each notice delivered
by the Company pursuant to this Section shall be irrevocable; provided
that a notice of termination of the Commitments delivered by the Company may
state that such notice is conditioned upon the effectiveness of other credit
facilities, in which case such notice may be revoked by the Company (by notice
to the Administrative Agent on or prior to the specified effective date) if
such condition is not satisfied.  Any
termination or reduction of the Commitments shall be permanent.  Each reduction of the Commitments shall be
made ratably among the Lenders in accordance with their respective Commitments.

(d)
The Company may from time to time, by written notice to the Administrative
Agent (which shall promptly deliver a copy to each of the Lenders) executed by
the Company and one or more financial institutions (which may include any
Lender) that are willing to extend a Commitment or, in the case of any such
financial institution that is already a Lender, to increase its Commitment (any
such financial institution referred to in this Section being called an “Increasing
Lender”), cause the total Commitments to be increased by such new or
incremental Commitments of the Increasing Lenders, in an amount for each
Increasing Lender as set forth in such notice; provided that (i) the
aggregate principal amount of any increase in the total Commitments made
pursuant to this Section shall not be less than $25,000,000 and the aggregate
principal amount of all such increases shall not exceed $200,000,000, (ii) each
Increasing Lender, if not already a Lender hereunder, shall be subject to the
prior written approval of the Administrative Agent, each Issuing Bank and the
Swingline Lender (which approval shall not be unreasonably withheld) and (iii)
each Increasing Lender, if not already a Lender hereunder, shall become a party
to this Agreement by completing and delivering to the Administrative Agent a
duly executed Accession Agreement.  New
Commitments and increases in Commitments created pursuant to this Section shall
become effective  (A) in the
case of an Increasing Lender already a Lender under this Agreement, on the date
specified in the applicable notice delivered pursuant to this Section and (B)
in the case of an Increasing Lender not already a Lender under this Agreement,
on the effective date of the applicable Accession Agreement.  Upon the effectiveness of any Accession
Agreement to which any Increasing Lender is a party, such Increasing Lender
shall thereafter be deemed to be a party to this Agreement and shall be
entitled to all rights,

 30
 

benefits
and privileges accorded a Lender hereunder and subject to all obligations of a
Lender hereunder. Upon the effectiveness of any increase pursuant to this
Section in the Commitment of a Lender already a party hereto, Schedule 2.01
shall be deemed to have been amended to reflect the increased Commitment of
such Lender.  Notwithstanding the
foregoing, no increase in the aggregate Commitments (or in the Commitment of
any Lender) shall become effective under this Section unless (i) the
Administrative Agent shall have received documents consistent with those
delivered under paragraphs (b) and  (c) of Section 4.01 as to the
corporate power and authority of the Borrowers to borrow hereunder after giving
effect to such increase and (ii) on the date of such increase, the conditions
set forth in paragraphs (a) and (b) of Section 4.02 shall be satisfied (with
all references in such paragraphs to a Borrowing being deemed to be references
to such increase and without giving effect to the parenthetical in Section
4.02(a)) and the Administrative Agent shall have received a certificate to that
effect dated such date and executed by a Financial Officer of the Company.  Following any extension of a new Commitment or
increase of a Lender’s Commitment pursuant to this paragraph, any Loans
outstanding prior to the effectiveness of such increase or extension shall
continue outstanding until the ends of the respective Interests Periods
applicable thereto, and shall then be repaid and, if the Borrowers shall so
elect, refinanced with new Revolving Loans made pursuant to Section 2.01(a)
ratably in accordance with the Commitments in effect following such extension
or increase.

SECTION 2.09. Extension
of Maturity Date.  The Company may,
by delivery of a Maturity Date Extension Request to the Administrative Agent
(which shall promptly deliver a copy to each of the Lenders) not less than 45
days and not more than 75 days prior to any anniversary of the Effective Date,
request that the Lenders extend the Maturity Date for an additional period of
one year; provided that there shall be no more than two extensions of
the Maturity Date pursuant to this Section. 
Each Lender shall, by notice to the Company and the Administrative Agent
given not later than the 20th day after the date of the Administrative Agent’s
receipt of the Company’s Maturity Date Extension Request, advise the Company
whether or not it agrees to the requested extension (each Lender agreeing to a
requested extension being called a “Consenting Lender”, and each Lender
declining to agree to a requested extension being called a “Declining Lender”).
Any Lender that has not so advised the Company and the Administrative Agent by
such day shall be deemed to have declined to agree to such extension and shall
be a Declining Lender.  If Lenders
constituting the Required Lenders shall have agreed to a Maturity Date
Extension Request, then the Maturity Date shall, as to the Consenting Lenders,
be extended to the first anniversary of the Maturity Date theretofore in
effect. The decision to agree or withhold agreement to any Maturity Date
Extension Request shall be at the sole discretion of each Lender.  The Commitment of any Declining Lender shall
terminate on the Maturity Date in effect prior to giving effect to any such
extension (such Maturity Date being called the “Existing Maturity Date”).
The principal amount of any outstanding Loans made by Declining Lenders,
together with any accrued interest thereon and any accrued fees and other
amounts payable to or for the account of such Declining Lenders hereunder,
shall be due and payable on the Existing Maturity Date, and on the Existing
Maturity Date the Borrowers shall also make such other prepayments of their
Loans pursuant to Section 2.11 as shall be required in order that, after giving
effect to the termination of the Commitments of, and all payments 

 31
 

to, Declining Lenders
pursuant to this sentence, the total Revolving Credit Exposures would not
exceed the total Commitments.  Notwithstanding
the foregoing provisions of this paragraph, the Company shall have the right,
pursuant to Section 2.19(b), at any time prior to the Existing Maturity Date,
to replace a Declining Lender with a Lender or other financial institution that
will agree to the applicable Maturity Date Extension Request, and any such
replacement Lender shall for all purposes constitute a Consenting Lender.  Notwithstanding the foregoing, no extension
of the Maturity Date pursuant to this paragraph shall become effective unless
on the anniversary of the Effective Date that immediately follows the date on
which the Company delivers the applicable Maturity Date Extension Request, the
conditions set forth in Section 4.02 shall be satisfied (with all references in
such Section to a Borrowing being deemed to be references to such increase and
without giving effect to the parenthetical in Section 4.02(a))  and the Administrative Agent shall have
received a certificate to that effect dated such date and executed by a
Financial Officer of the Company.

SECTION 2.10. Repayment of Loans; Evidence of Debt.
(a) Each Borrower hereby unconditionally promises to pay to (i) the
Administrative Agent for the account of each Lender the then unpaid principal
amount of each Revolving Loan made to such Borrower on the Maturity Date and
(ii) the Swingline Lender the then unpaid principal amount of each Swingline
Loan made to such Borrower on the earlier of the Maturity Date and the first
Business Day after such Swingline Loan is made that is the 15th day or the last
day of a calendar month and that is at least two Business Days after the day on
which such Swingline Loan shall have been made; provided that on each
date on which a Revolving Borrowing is made by a Borrower, such Borrower shall
repay all Swingline Loans then outstanding for the account of such Borrower.

(b)
Each Lender shall maintain in accordance with its usual practice an account or
accounts evidencing the indebtedness of each Borrower to such Lender resulting
from each Loan made by such Lender, including the amounts of principal and
interest payable and paid to such Lender from time to time hereunder.

(c) The
Administrative Agent shall maintain accounts in which it shall record (i) the
amount of each Loan made hereunder, the Class and Type thereof and the Interest
Period applicable thereto, (ii) the amount of any principal or interest due and
payable or to become due and payable from each Borrower to each Lender
hereunder and (iii) the amount of any sum received by the Administrative Agent
hereunder for the account of the Lenders and each Lender’s share thereof.

(d)
The entries made in the accounts maintained pursuant to paragraph (b) or (c) of
this Section shall be prima facie evidence of the existence and amounts
of the obligations recorded therein absent manifest error; provided that
the failure of any Lender or the Administrative Agent to maintain such accounts
or any error therein shall not in any manner affect the obligation of any
Borrower to repay the Loans in accordance with the terms of this Agreement.

(e)
Any Lender may request that Loans made by it be evidenced by a promissory
note.  In such event, each Borrower shall
prepare, execute and deliver to such

 32
 

Lender a promissory note
payable to the order of such Lender (or, if requested by such Lender, to such
Lender and its registered assigns) and in a form approved by the Company and
the Administrative Agent.  Thereafter,
the Loans evidenced by such promissory note and interest thereon shall at all
times (including after assignment pursuant to Section 10.04) be represented by
one or more promissory notes in such form payable to the order of the payee
named therein (or, if such promissory note is a registered note, to such payee
and its registered assigns).

SECTION 2.11. Prepayment of Loans. (a) Any
Borrower shall have the right at any time and from time to time to prepay any
Borrowing of such Borrower in whole or in part, subject to prior notice in
accordance with paragraph (d) of this Section.

(b)
If the total Revolving Credit Exposures shall exceed the aggregate Commitments,
then the Borrowers shall prepay one or more Revolving Borrowings or Swingline
Loans (and, if no Revolving Borrowings or Swingline Loans are outstanding,
deposit cash collateral in an account with the Administrative Agent pursuant to
Section 2.05(i)) in the amount necessary to eliminate such excess.

(c)
Prior to any optional or mandatory prepayment of Borrowings hereunder, the
Borrowers shall select the Borrowing or Borrowings to be prepaid and shall
specify such selection in the notice of such prepayment pursuant to paragraph
(d) of this Section.

(d)
The applicable Borrower shall notify the Administrative Agent (and, in the case
of prepayment of a Swingline Loan, the Swingline Lender) by a written notice
signed by a Financial Officer on behalf of the applicable Borrower of any
prepayment of a Borrowing hereunder (i) in the case of a LIBOR Borrowing not
later than 12:00 noon, New York City time, three Business Days before the date
of such prepayment (or, in the case of a prepayment under paragraph (b) above,
as soon thereafter as practicable), (ii) in the case of an ABR Revolving
Borrowing, not later than 12:00 noon, New York City time, on the date of such
prepayment and (iii) in the case of prepayment of a Swingline Loan, not later
than 12:00 noon, New York City time, on the date of prepayment.  Each such notice shall be irrevocable and
shall specify the prepayment date and the principal amount of each Borrowing or
portion thereof to be prepaid; provided that, if a notice of optional
prepayment is given in connection with a conditional notice of termination of
the Commitments as contemplated by Section 2.08(c), then such notice of
prepayment may be revoked if such notice of termination is revoked in
accordance with Section 2.08(c). Promptly following receipt of any such notice,
the Administrative Agent shall advise the Lenders of the contents thereof. Each
optional partial prepayment of any Borrowing shall be in an amount that would
be permitted in the case of an advance of a Borrowing of the same Type as
provided in Section 2.02.  Each
prepayment of a Borrowing shall be applied ratably to the Loans included in the
prepaid Borrowing.

SECTION 2.12. Fees. (a) The Company agrees to
pay to the Administrative Agent for the account of each Lender a facility fee,
which shall accrue at the Applicable Rate on the daily amount of the Commitment
of such Lender (whether used or unused) during the period from and including
the Effective Date to but excluding 

 33
 

the date on which such Commitment terminates; provided that if
such Lender continues to have any Revolving Credit Exposure after its
Commitment terminates, then such facility fee shall continue to accrue on the
daily amount of such Lender’s Revolving Credit Exposure from and including the
date on which its Commitment terminates to but excluding the date on which such
Lender ceases to have any Revolving Credit Exposure.  Accrued facility fees shall be payable in
arrears on the last day of March, June, September and December of each year,
commencing on the first such date to occur after the Effective Date, and on the
date on which the Commitments shall have terminated and the Lenders shall have
no Revolving Credit Exposure.  All
facility fees shall be computed on the basis of a year of 360 days and shall be
payable for the actual number of days elapsed (including the first day but
excluding the last day).

(b)
The Company agrees to pay (i) to the Administrative Agent for the account of
each Lender a participation fee with respect to its participations in Letters
of Credit, which shall accrue at the same Applicable Rate used to determine the
interest rate applicable to LIBOR Revolving Loans on the average daily amount
of such Lender’s LC Exposure (excluding any portion thereof attributable to
unreimbursed LC Disbursements) during the period from and including the
Effective Date to but excluding the later of the date on which such Lender’s
Commitment terminates and the date on which such Lender ceases to have any LC
Exposure, and (ii) to each Issuing Bank a fronting fee, which shall accrue at
0.125% per annum on the average daily amount of the LC Exposure attributable to
Letters of Credit issued by such Issuing Bank (excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and
including the Effective Date to but excluding the later of the date of
termination of the Commitments and the date on which there ceases to be any LC
Exposure, as well as such Issuing Bank’s standard fees with respect to the
issuance, amendment, renewal or extension of any Letter of Credit or processing
of drawings thereunder.  Accrued
participation fees and fronting fees shall be payable in arrears on the last
day of March, June, September and December of each year, commencing on the
first such date to occur after the Effective Date; provided that all
such fees shall be payable on the date on which the Commitments terminate and
any such fees accruing after the date on which the Commitments terminate shall
be payable on demand.  Any other fees
payable to the Issuing Bank pursuant to this paragraph shall be payable within
10 days after demand.  All participation
fees and fronting fees shall be computed on the basis of a year of 360 days and
shall be payable for the actual number of days elapsed (including the first day
but excluding the last day).

(c)
The Company agrees to pay to the Administrative Agent, for its own account,
fees payable in the amounts and at the times separately agreed upon between the
Company and the Administrative Agent.

(d)
All fees payable hereunder shall be paid on the dates due, in immediately
available funds, to the Administrative Agent (or to the Issuing Banks, in the
case of fees payable to it) for distribution to the Persons entitled thereto.  Fees paid shall not be refundable under any
circumstances.

 34
 

SECTION 2.13.
Interest. (a) The Loans comprising each ABR Borrowing (including each
Swingline Loan) shall bear interest at the Alternate Base Rate.

(b)
The Loans comprising each LIBOR Revolving Borrowing shall bear interest at the
Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus
the Applicable Rate.

(c)
Notwithstanding the foregoing, if any principal of or interest on any Loan or
any fee or other amount payable by any Borrower hereunder is not paid when due,
whether at stated maturity, upon acceleration or otherwise, such overdue amount
shall bear interest, after as well as before judgment, at a rate per annum
equal to (i) in the case of overdue principal of any Loan, 2% per annum plus
the rate otherwise applicable to such Loan as provided in the preceding
paragraphs of this Section or (ii) in the case of any other amount, 2% per
annum plus the rate applicable to ABR Loans as provided in paragraph (a) of
this Section.

(d)
Accrued interest on each Loan shall be payable in arrears on each Interest
Payment Date for such Loan and upon termination of the Commitments; provided
that (i) interest accrued pursuant to paragraph (c) of this Section shall be
payable on demand, (ii) in the event of any repayment or prepayment of any Loan
(other than a prepayment of an ABR Revolving Loan prior to the end of the
Availability Period), accrued interest on the principal amount repaid or
prepaid shall be payable on the date of such repayment or prepayment and (iii)
in the event of any conversion of any LIBOR Revolving Loan prior to the end of
the current Interest Period therefor, accrued interest on such Loan shall be
payable on the effective date of such conversion.

(e)
All interest hereunder shall be computed on the basis of a year of 360 days,
except that interest computed by reference to the Alternate Base Rate at times
when the Alternate Base Rate is based on the Prime Rate shall be computed on
the basis of a year of 365 days (or 366 days in a leap year), and in each case
shall be payable for the actual number of days elapsed (including the first day
but excluding the last day).  The
applicable Adjusted LIBO Rate or Alternate Base Rate shall be determined by the
Administrative Agent, and such determination shall be conclusive absent
manifest error.

SECTION
2.14. Alternate Rate of Interest. 
If prior to the commencement of any Interest Period for a LIBOR
Borrowing:

(a)
the Administrative Agent determines (which determination shall be conclusive
absent manifest error) that adequate and reasonable means do not exist for
ascertaining the Adjusted LIBO Rate for such Interest Period; or

(b)
the Administrative Agent is advised by the Required Lenders that the Adjusted
LIBO Rate for such Interest Period will not adequately and fairly reflect the
cost to such Lenders of making or maintaining the Loans included in such
Borrowing for such Interest Period;

 35
 

then the Administrative Agent shall give notice thereof to the
applicable Borrower and the Lenders by telephone or fax as promptly as
practicable thereafter and, until the Administrative Agent notifies the
applicable Borrower and the Lenders that the circumstances giving rise to such
notice no longer exist, (i) any Interest Election Request that requests the conversion
of any Revolving Borrowing to, or continuation of any Revolving Borrowing as,
an affected LIBOR Borrowing shall be ineffective, (ii) any affected LIBOR
Borrowing that is requested to be continued shall be continued as an ABR
Borrowing and (ii) any Borrowing Request for an affected LIBOR Borrowing shall
be deemed to be a request for an ABR Revolving Borrowing.

SECTION 2.15. Increased
Costs. (a) If any Change in Law shall:

(i)
impose, modify or deem applicable any reserve, special deposit or similar requirement
against assets of, deposits with or for the account of or credit extended by,
any Lender (except any such reserve requirement reflected in the Adjusted LIBO
Rate) or any Issuing Bank; or

(ii)
impose on any Lender, any Issuing Bank or the London or European interbank
market any other condition affecting this Agreement or LIBOR Loans or any
Letter of Credit or participations therein;

and the result of any of
the foregoing shall be to increase the cost to such Lender of making or
maintaining any LIBOR Loan (or of maintaining its obligation to make any such
Loan) or to increase the cost to such Lender or Issuing Bank of participating
in, issuing or maintaining any Letter of Credit or to reduce the amount of any
sum received or receivable by such Lender or Issuing Bank hereunder (whether of
principal, interest or otherwise), then the applicable Borrower will pay to
such Lender or Issuing Bank, as the case may be, such additional amount or
amounts as will compensate such Lender or Issuing Bank, as the case may be, for
such additional costs incurred or reduction suffered.

(b)
If any Lender or Issuing Bank determines in good faith that any Change in Law
regarding capital requirements has or would have the effect of reducing the
rate of return on such Lender’s or Issuing Bank’s capital or on the capital of
such Lender’s or Issuing Bank’s holding company, if any, as a consequence of
this Agreement or the Loans made by, or participations in Letters of Credit
held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to
a level below that which such Lender or Issuing Bank or such Lender’s or
Issuing Bank’s holding company would have achieved but for such Change in Law
(taking into consideration such Lender’s or Issuing Bank’s policies and the policies
of such Lender’s or Issuing Bank’s holding company with respect to capital
adequacy), then from time to time the applicable Borrower will pay to such
Lender or Issuing Bank, as the case may be, such additional amount or amounts
as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s
holding company for any such reduction suffered.

(c)
If the cost to any Lender of making or maintaining any Loan or the cost to any
Lender or any Issuing Bank of participating in, issuing or maintaining any
Letter of Credit to a Borrowing Subsidiary is increased (or the amount of any
sum

 36
 

received
or receivable by any Lender or any Issuing Bank (or its applicable lending
office) is reduced) by an amount deemed in good faith by such Lender or such Issuing
Bank, as the case may be, to be material, by reason of the fact that such
Borrowing Subsidiary is incorporated in, has its principal place of  business in, or borrows from, a jurisdiction
outside the United States, such Borrowing Subsidiary shall indemnify such
Lender or such Issuing Bank from time to time for such increased cost or
reduction.

(d)
A certificate of a Lender or Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or Issuing Bank or its holding company, as
the case may be, as specified in paragraph (a), (b) or (c) of this Section and
the manner in which such amount or amounts have been determined, shall be
delivered to the Company and shall be conclusive absent manifest error.  The Company shall pay or cause the applicable
Borrower to pay such Lender or Issuing Bank, as the case may be, the amount
shown as due on any such certificate within 10 days after receipt thereof.

(e)
Failure or delay on the part of any Lender or Issuing Bank to demand
compensation pursuant to this Section shall not constitute a waiver of such
Lender’s or Issuing Bank’s right to demand such compensation; provided
that the applicable Borrower shall not be required to compensate a Lender or
Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than 180 days prior to the date that such Lender or Issuing Bank,
as the case may be, notifies the Company of the Change in Law or other
circumstance giving rise to such increased costs or reductions and of such Lender’s
or Issuing Bank’s intention to claim compensation therefor; provided further
that, if the Change in Law or other circumstance giving rise to such increased
costs or reductions is retroactive, then the 180-day period referred to above
shall be extended to include the period of retroactive effect thereof.

(f)
The foregoing provisions of this Section shall not apply to Taxes, which shall
be governed solely by Section 2.17.

SECTION
2.16. Break Funding Payments. In the event of (a) the payment of any principal
of any LIBOR Loan other than on the last day of an Interest Period applicable
thereto (including as a result of an Event of Default or an optional prepayment
of Loans), (b) the conversion of any LIBOR Loan other than on the last day of
the Interest Period applicable thereto, (c) the failure to borrow, convert,
continue or prepay any Loan on the date or in the amount specified in any
notice delivered pursuant hereto or (d) the assignment of any LIBOR Loan other
than on the last day of the Interest Period applicable thereto as a result of a
request by the Company pursuant to Section 2.19, then, in any such event, the
applicable Borrower shall compensate each Lender for the loss, cost and expense
(but not for any anticipated profits) attributable to such event. In the case
of a LIBOR Loan, such loss, cost or expense to any Lender shall be deemed to
include an amount determined by such Lender to be the excess, if any, of  (i) the amount of interest that would
have accrued on the principal amount of such Loan had such event not occurred,
at the Adjusted LIBO Rate that would have been applicable to such Loan (and,
for avoidance of doubt, without giving effect to any Applicable Rate that would
otherwise have been applicable thereto), for the period from the date of such
event to the last day of the then current Interest Period therefor (or, in the
case of a failure

 37

to borrow, convert or
continue, for the period that would have been the Interest Period for such
Loan), over (ii) the amount of interest that would accrue on such principal
amount for such period at the interest rate that such Lender would bid were it
to bid, at the commencement of such period, for deposits of a comparable amount
and period from other banks in the London interbank market.  A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be delivered to the applicable Borrower and shall be conclusive
absent manifest error.  The applicable
Borrower shall pay such Lender the amount shown as due on any such certificate
within 10 days after receipt thereof.

SECTION 2.17. Taxes. (a) Any and all payments
by or on account of any obligation of any Credit Party hereunder shall be made
free and clear of and without deduction for any Indemnified Taxes or Other
Taxes; provided that if any Borrower shall be required to deduct any
Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable
shall be increased as necessary so that after making all required deductions
(including deductions applicable to additional sums payable under this Section)
the Administrative Agent, the applicable Lender or the applicable Issuing Bank
(as the case may be) receives an amount equal to the sum it would have received
had no such deductions been made, (ii) such Borrower shall make such deductions
and (iii) such Borrower shall pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law.

(b) In addition, the Borrowers shall pay any Other
Taxes to the relevant Governmental Authority in accordance with applicable law.

(c) The relevant Borrower shall indemnify the
Administrative Agent, each Lender and each Issuing Bank, within 10 days after
written demand therefor, for the full amount of any Indemnified Taxes or Other
Taxes paid by the Administrative Agent, such Lender or such Issuing Bank, as
the case may be, on or with respect to any payment by or on account of any
obligation of such Borrower hereunder (including Indemnified Taxes or Other
Taxes imposed or asserted on or attributable to amounts payable under this
Section) and any penalties, interest and reasonable expenses arising therefrom
or with respect thereto, whether or not such Indemnified Taxes or Other Taxes
were correctly or legally imposed or asserted by the relevant Governmental
Authority.  A certificate as to the
amount of such payment or liability delivered to the Company by a Lender or an
Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of
a Lender or an Issuing Bank, shall be conclusive absent manifest error.

(d) As soon as practicable after any payment of
Indemnified Taxes or Other Taxes by any Borrower to a Governmental Authority,
such Borrower shall deliver to the Administrative Agent the original or a
certified copy of a receipt issued by such Governmental Authority evidencing
such payment, a copy of the return reporting such payment or other evidence of
such payment reasonably satisfactory to the Administrative Agent.

(e) Any Lender that is
entitled to an exemption from or reduction of withholding tax under the law of
the jurisdiction in which any Borrower is resident or 

 38
 

located, or any treaty to which such jurisdiction is a party,
with respect to payments under this Agreement shall deliver to the Company
(with a copy to the Administrative Agent), at the time or times prescribed by
applicable law, such properly completed and executed documentation prescribed
by applicable law or reasonably requested by the Company as will permit such
payments to be made without withholding or at a reduced rate; provided
that such Lender has received written notice from the Company advising it of
the availability of such exemption or reduction and containing all applicable
documentation (together, if requested by such Lender, with a certified English
translation thereof). Each Lender shall promptly notify the Company at any time
it determines that it is no longer in a position to provide any such previously
delivered documentation to the Company.

(f) If the Administrative Agent or a Lender
determines, in its sole discretion, that it has received a refund of any
Indemnified Taxes or Other Taxes as to which it has been indemnified by a
Borrower or with respect to which a Borrower has paid additional amounts
pursuant to this Section, it shall pay over such refund to such Borrower (but
only to the extent of indemnity payments made, or additional amounts paid, by
such Borrower under this Section with respect to the Indemnified Taxes or Other
Taxes giving rise to such refund), net of all out-of-pocket expenses of the
Administrative Agent or such Lender and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund); provided,
that such Borrower, upon the request of the Administrative Agent or such
Lender, agrees to repay the amount paid over to such Borrower (plus any
penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent or such Lender in the event the
Administrative Agent or such Lender is required to repay such refund to such
Governmental Authority. This Section shall not be construed to require the
Administrative Agent or any Lender to make available its tax returns (or any
other information relating to its taxes which it deems confidential) to any
Borrower or any other Person.

SECTION 2.18. Payments Generally; Pro Rata Treatment;
Sharing of  Set-offs. (a) Each
Borrower shall make each payment required to be made by it hereunder (whether
of principal, interest, fees or reimbursement of LC Disbursements or otherwise)
prior to the time required hereunder for such payment or, if no such time is
expressly required, prior to 1:00 p.m., New York City time, on the date when
due, in immediately available funds, without set-off or counterclaim.  Any amounts received after such time on any
date may, in the discretion of the Administrative Agent, be deemed to have been
received on the next succeeding Business Day for purposes of calculating
interest thereon. All such payments shall be made to the Administrative Agent
for the account of the applicable Lenders to such account as the Administrative
Agent shall from time to time specify in one or more notices delivered to the
Company, except that payments to be made directly to an Issuing Bank or the
Swingline Lender as provided herein shall be so directly made and payments
pursuant to Sections 2.15, 2.16, 2.17 and 10.03 shall be made directly to the
Persons entitled thereto.  The
Administrative Agent shall distribute any such payments received by it for the
account of any other Person to the appropriate recipient promptly following
receipt thereof.  If any payment
hereunder shall be due on a day that is not a Business Day, the date for
payment shall be extended to the next succeeding Business Day and, in the case
of any payment accruing 

 39
 

interest, interest thereon shall be payable for the period of such
extension.  All payments hereunder and
under each other Loan Document shall be made in US Dollars.  Any payment required to be made by the
Administrative Agent hereunder shall be deemed to have been made by the time
required if the Administrative Agent shall, at or before such time, have taken
the necessary steps to make such payment in accordance with the regulations or
operating procedures of the clearing or settlement system used by the
Administrative Agent to make such payment.

(b) If at any time insufficient funds are received by
and available to the Administrative Agent to pay fully all amounts of
principal, unreimbursed LC Disbursements, interest and fees then due hereunder,
such funds shall be applied (i) first, towards payment of interest and fees
then due hereunder, ratably among the parties entitled thereto in accordance
with the amounts of interest and fees then due to such parties, and (ii)
second, towards payment of principal and unreimbursed LC Disbursements then due
hereunder, ratably among the parties entitled thereto in accordance with the
amounts of principal and unreimbursed LC Disbursements then due to such
parties.

(c) If any Lender shall, by exercising any right of
set-off or counterclaim or otherwise, obtain payment in respect of any
principal of or interest on any of its Revolving Loans or participations in LC
Disbursements or Swingline Loans resulting in such Lender receiving payment of
a greater proportion of the aggregate amount of its Revolving Loans and
participations in LC Disbursements or Swingline Loans and accrued interest
thereon than the proportion received by any other Lender, then the Lender
receiving such greater proportion shall purchase (for cash at face value)
participations in the Revolving Loans, LC Disbursements or Swingline Loans to
the extent necessary so that the benefit of all such payments shall be shared
by the Lenders ratably in accordance with the aggregate amount of principal of
and accrued interest on their respective Revolving Loans and participations in
LC Disbursements and Swingline Loans; provided that (i) if any such
participations are purchased and all or any portion of the payment giving rise
thereto is recovered, such participations shall be rescinded and the purchase
price restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to any payment
made by any Borrower pursuant to and in accordance with the express terms of
this Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or participations
in LC Disbursements or Swingline Loans to any assignee or participant, other
than to the Company or any Subsidiary or Affiliate thereof (as to which the provisions
of this paragraph shall apply).  Each
Credit Party consents to the foregoing and agrees, to the extent it may
effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against such
Credit Party rights of set-off and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of such Credit
Party in the amount of such participation.

(d) Unless the
Administrative Agent shall have received notice from a Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of
any Lenders or Issuing Bank hereunder that the such Borrower will not 

 40
 

make such payment, the Administrative Agent may assume that
such Borrower has made such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute to the applicable Lenders or
Issuing Bank, as the case may be, the amount due.  In such event, if such Borrower has not in
fact made such payment, then each applicable Lender or Issuing Bank, as the
case may be, severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or Issuing Bank with interest
thereon, for each day from and including the date such amount is distributed to
it to but excluding the date of payment to the Administrative Agent, at a rate
determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation.

(e) If any Lender shall fail to make any payment
required to be made by it pursuant to Section 2.04(c), 2.05(e), 2.06(b) or
2.18(d), then the Administrative Agent may, in its discretion (notwithstanding
any contrary provision hereof), apply any amounts thereafter received by the
Administrative Agent for the account of such Lender to satisfy such Lender’s
obligations under such Sections until all such unsatisfied obligations are
fully paid.

SECTION 2.19. Mitigation Obligations; Replacement
of Lenders. (a) If any Lender requests compensation under Section 2.15, or
if any Credit Party is required to pay any additional amount to any Lender or
any Governmental Authority for the account of any Lender pursuant to Section
2.17, then such Lender shall use reasonable efforts to designate a different
lending office for funding or booking its Loans hereunder or to assign its
rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17,
as the case may be, in the future and (ii) would not subject such Lender to any
unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender.  The Company hereby agrees to pay
all reasonable costs and expenses incurred by any Lender in connection with any
such designation or assignment.

(b) If any
Lender requests compensation under Section 2.15, or if any Credit Party is
required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17 or if any
Lender is a Declining Lender, then the Company may, at its sole expense and
effort, upon notice to such Lender and the Administrative Agent, require such
Lender to assign and delegate, without recourse (in accordance with and subject
to the restrictions contained in Section 10.04), all its interests, rights and
obligations under this Agreement to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) the Company shall have received the prior
written consent of the Administrative Agent, each Issuing Bank and the
Swingline Lender (which consent shall not unreasonably be withheld), (ii) such
Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and participations in LC Disbursements and Swingline
Loans, accrued interest thereon, accrued fees and all other amounts payable to
it hereunder, from the assignee (to the extent of such outstanding principal
and accrued interest and fees) or the Company (in the case of all other
amounts), (iii) in the case of any such assignment resulting from a claim 

 41
 

for compensation under
Section 2.15 or payments required to be made pursuant to Section 2.17, such
assignment will result in a reduction in such compensation or payments and (iv)
in the case of any such assignment resulting from a Lender being a Declining
Lender, the assignee shall have agreed to the applicable Maturity Date
Extension Request.  A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a
result of a waiver by such Lender or otherwise, the circumstances entitling the
Company to require such assignment and delegation cease to apply.

SECTION 2.20. Designation
of Borrowing Subsidiaries. The Company may at any time and from time to
time designate any Subsidiary as a Borrowing Subsidiary by delivery to the
Administrative Agent of a Borrowing Subsidiary Agreement executed by such
Subsidiary and the Company, and upon such delivery such Subsidiary shall for
all purposes of this Agreement be a Borrowing Subsidiary and a party to this
Agreement until the Company shall have executed and delivered to the Administrative
Agent a Borrowing Subsidiary Termination with respect to such Subsidiary,
whereupon such Subsidiary shall cease to be a Borrowing Subsidiary and a party
to this Agreement.  Notwithstanding the
preceding sentence, no Borrowing Subsidiary Termination will become effective
as to any Borrowing Subsidiary at a time when any principal of or interest on
any Loan to or any Letter of Credit issued for the account of such Borrowing
Subsidiary shall be outstanding hereunder; provided that such Borrowing
Subsidiary Termination shall be effective to terminate the right of such
Borrowing Subsidiary to make further Borrowings under this Agreement.  As soon as practicable upon receipt of a
Borrowing Subsidiary Agreement, the Administrative Agent shall make a copy
thereof available to each Lender.

ARTICLE III

Representations
and Warranties 

The Company and each other Borrower represents and
warrants to the Lenders and the Issuing Banks that:

SECTION 3.01. Organization; Powers.  Each of the Company and its Subsidiaries is duly
organized, validly existing and in good standing (to the extent such concept is
recognized in the jurisdiction of organization thereof) under the laws of the
jurisdiction of its organization, has all requisite power and authority to
carry on its business as now conducted and, except where the failure to do so,
individually or in the aggregate, would not be materially likely to result in a
Material Adverse Effect, is qualified to do business in, and is in good
standing in, every jurisdiction where such qualification is required.

SECTION 3.02. Authorization; Enforceability.
The Transactions are within each Credit Party’s corporate powers and have been
duly authorized by all necessary corporate and, if required, stockholder
action.  This Agreement has been duly
executed and delivered by each Credit Party and constitutes a legal, valid and
binding 

 42
 

obligation of each Credit Party, enforceable in
accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally
and subject to general principles of equity, regardless of whether considered
in a proceeding in equity or at law.

SECTION 3.03. Governmental Approvals; No Conflicts.
The Transactions (a) do not require any consent or approval of, registration or
filing with, or any other action by, any Governmental Authority, except such as
have been obtained or made and are in full force and effect, (b) will not
violate the charter, by-laws or other organizational documents of the Company
or any of its Subsidiaries, (c) will not violate any applicable law, rule or
regulation or any order of any Governmental Authority, (d) will not violate or
result in a default under any indenture, agreement or other instrument binding
upon the Company or any of its Subsidiaries or its assets, or give rise to a
right thereunder to require any payment to be made by the Company or any of its
Subsidiaries, and (e) will not result in the creation or imposition of any Lien
on any asset of the Company or any of its Subsidiaries pursuant to the terms of
any indenture, agreement or other instrument binding on the Company or any of
its Subsidiaries, except in each case (other than in the case of clause (b)),
where the absence of such consent or approval, or the failure to make such
registration or filing, or take such other action, or such violation, default,
payment or Lien would not be materially likely, individually or in the
aggregate, to have a Material Adverse Effect.

SECTION 3.04. Financial Condition; No Material
Adverse Change.  (a) The
Company has heretofore furnished to the Lenders (i) its consolidated balance
sheets and statements of operations, stockholders equity and cash flows as of
the end of and for the fiscal year ended October 31, 2006, reported on by
PricewaterhouseCoopers LLP, an independent registered public accounting firm,
and (ii) its consolidated balance sheet and statement of operations and cash
flows as of the end of and for the fiscal quarter ended January 31, 2007,
certified by a Financial Officer of the Company (which certification
requirement shall be deemed satisfied by the execution by a Financial Officer
of the certification required to be filed by the SEC pursuant to Item 601 of
Regulation S-K). Such financial statements present fairly, in all material
respects, the consolidated financial position and results of operations and
cash flows of the Company and its consolidated Subsidiaries as of such dates
and for such periods in accordance with GAAP, subject, in the case of such
quarterly financial statements, to normal year-end adjustments and the absence
of footnotes.

(b) Since October 31, 2006, through the date of this
Agreement, there has been no material adverse change in the business, assets,
operations or financial condition of the Company and its Subsidiaries, taken as
a whole.

SECTION 3.05. Litigation and Environmental Matters.
(a) There are no actions, suits or proceedings by or before any arbitrator or
Governmental Authority pending against or, to the knowledge of the Company, threatened
against or affecting the Company or any of its Subsidiaries (i) that would be
materially likely, individually or in the aggregate, to result in a Material
Adverse Effect or (ii) that involve this Agreement or the Transactions.

 43
 

(b) Except
with respect to any matters that, individually or in the aggregate, would not
be materially likely to result in a Material Adverse Effect, neither the
Company nor any of its Subsidiaries (i) has failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or
other approval required under any Environmental Law, (ii) has become subject to
any Environmental Liability, (iii) has received notice of any claim with
respect to any Environmental Liability or (iv) knows of any basis for any
Environmental Liability.

SECTION 3.06. Compliance
with Laws and Agreements. Each of the Company and its Subsidiaries is in
compliance with all laws, rules, regulations and orders of any Governmental
Authority applicable to it or its property and all indentures, agreements and
other instruments binding upon it or its property, except where the failure to
do so, individually or in the aggregate, has not resulted and would not be
materially likely to result in a Material Adverse Effect.  No Default has occurred and is continuing.

SECTION 3.07. Investment Company Status.  Neither the Company nor any of its
Subsidiaries is an “investment company” as defined in, or subject to regulation
under, the Investment Company Act of 1940.

SECTION 3.08. Properties. (a) Each of the
Company and its Subsidiaries has good title to, or valid leasehold interests
in, all its real and personal property material to its business, except where
the failure to have such title or such leasehold interests, individually or in
the aggregate, has not resulted in and would not be materially likely to result
in a Material Adverse Effect.

(b) Each of the Company
and its Subsidiaries owns, or is licensed to use, all trademarks, tradenames,
copyrights, patents and other intellectual property material to its business,
and the use thereof by the Company and its Subsidiaries does not infringe upon
the rights of any other Person, except for any such infringements that,
individually or in the aggregate, would not be materially likely to result in a
Material Adverse Effect.

SECTION 3.09. Federal
Reserve Regulations. No part of the proceeds of any Loan or any Letter of
Credit will be used, whether directly or indirectly, and whether immediately,
incidentally or ultimately, for any purpose that entails a violation of the
provisions of the Regulations of the Board, including Regulation U or X.  Not more than 25% of the value of the assets
of the Company individually, or of the Company and the Subsidiaries on a consolidated
basis, subject to any provision of this Agreement under which the sale, pledge
or disposition of assets is restricted (within the meaning of Regulation U),
will consist of margin stock (as defined in Regulation U).

SECTION 3.10. Taxes.  The Company and its Subsidiaries have timely
filed or caused to be filed all Tax returns and reports required to have been
filed and have paid or caused to be paid all Taxes required to have been paid
by them pursuant to said Tax returns or pursuant to any assessment received by
them, except (a) any Taxes that are being contested in good faith by
appropriate proceedings and for which the Company or such Subsidiary, as
applicable, has set aside on its books adequate reserves (to the extent 

 44
 

required by GAAP) or (b)
to the extent that the failure to do so would not, individually or in the
aggregate, be materially likely to result in a Material Adverse Effect.

SECTION 3.11. ERISA.  No ERISA Event has occurred or is reasonably
expected to occur that, when taken together with all other such ERISA Events
for which liability is reasonably expected to occur, would be materially likely
to be expected to result in a Material Adverse Effect.

SECTION 3.12. Disclosure.  Neither the Information Memorandum nor any of
the other reports, financial statements, certificates or other information
(taken as a whole) furnished by or on behalf of the Borrowers to the
Administrative Agent or any Lender in connection with the negotiation of this
Agreement or delivered hereunder (as modified or supplemented by other
information so furnished) contains any material misstatement of fact or omits
to state any material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading; provided
that, with respect to projected financial information, the Borrowers represent
only that such information was prepared in good faith based upon assumptions
believed by them to be reasonable at the time made and at the time so
furnished.

ARTICLE IV

Conditions 

SECTION 4.01. Effective Date.  The obligations of the Lenders to make Loans
and of the Issuing Banks to issue Letters of Credit hereunder shall not become
effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 10.02):

(a) The Administrative Agent (or its counsel) shall
have received from each party hereto either (i) a counterpart of this Agreement
signed on behalf of such party or (ii) written evidence satisfactory to the
Administrative Agent (which may include facsimile or other electronic image
scan transmission of a signed signature page of this Agreement) that such party
has signed a counterpart of this Agreement.

(b) The Administrative Agent shall have received a
favorable written opinion (addressed to the Administrative Agent and the
Lenders and dated the Effective Date) of (i) D. Craig Nordlund, Senior Vice
President and General Counsel of the Company and (ii) Fenwick & West LLP,
counsel for the Company, substantially in the form of Exhibit B and covering
such other matters relating to the Company, this Agreement or the Transactions
as the Required Lenders shall reasonably request.

(c) The Administrative Agent shall have received such
documents and certificates as the Administrative Agent or its counsel may
reasonably request relating to the organization, existence and good standing of
the Company, the authorization of the Transactions and any other legal matters
relating to the Company, this Agreement or the Transactions, all in form and
substance satisfactory to the Administrative Agent and its counsel.

 

 45

(d) The Administrative Agent shall have received a
certificate, dated the Effective Date and signed by the President, a Vice
President or a Financial Officer of the Company, confirming compliance with the
conditions set forth in paragraphs (a) and (b) of Section 4.02.

(e) The Administrative Agent shall have received all
fees and other amounts due and payable on or prior to the Effective Date,
including, to the extent invoiced, reimbursement or payment of all
out-of-pocket expenses required to be reimbursed or paid by the Company
hereunder.

(f) The Administrative Agent and Lenders shall have
received, at least five Business Days prior to the Effective Date, all
documentation and other information relating to the Company requested by them
for purposes of ensuring compliance with applicable “know your customer” and
anti-money laundering rules and regulations, including the USA Patriot Act.

The Administrative Agent shall notify the Company and
the Lenders of the Effective Date, and such notice shall be conclusive and
binding.  Notwithstanding the foregoing,
this Agreement shall not become effective unless each of the foregoing
conditions is satisfied (or waived pursuant to Section 10.02) on or prior to
May 11, 2007.

SECTION 4.02. Each Credit Event. The obligation
of each Lender to make a Loan on the occasion of any Borrowing, and of each
Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject
to the satisfaction of the following conditions:

(a) The representations and warranties of the Borrowers set
forth in this Agreement (other than, with respect to any Borrowing occurring
after the Effective Date, the representations set forth in Sections 3.04(b) and
3.05(a)) shall be true and correct on and as of the date of such Borrowing or
the date of issuance, amendment, renewal or extension of such Letter of Credit,
as applicable.

(b) At the time of and immediately after giving effect to
such Borrowing or the issuance, amendment, renewal or extension of such Letter
of Credit, as applicable, no Default shall have occurred and be continuing.

Each Borrowing and each issuance, amendment, renewal
or extension of a Letter of Credit shall be deemed to constitute a
representation and warranty by the applicable Borrower on the date thereof as
to the matters specified in paragraphs (a) and (b) of this Section.

SECTION 4.03. Initial Credit Event for each
Borrowing Subsidiary. The obligation of the Lenders to make Loans to, and
the obligations of the Issuing Banks to issue Letters of Credit for the account
of, any Borrowing Subsidiary is subject to the satisfaction of the following
conditions:

 46
 

(a) The Administrative Agent (or its counsel) shall have
received the Borrowing Subsidiary Agreement with respect to such Borrowing
Subsidiary, duly executed by all parties thereto.

(b) The Administrative Agent shall have received such
documents (including such legal opinions) as the Administrative Agent or its
counsel may reasonably request relating to the formation, existence and good
standing of such Borrowing Subsidiary, the authorization and legality of the
Transactions insofar as they relate to such Borrowing Subsidiary and any other
legal matters relating to such Borrowing Subsidiary, its Borrowing Subsidiary
Agreement or such Transactions, all in form and substance reasonably
satisfactory to the Administrative Agent and its counsel.

(c) The Administrative Agent and Lenders shall have received,
at least five Business Days prior to the making of such Loan or issuance of
such Letters of Credit, all documentation and other information relating to
such Borrowing Subsidiary requested by them for purposes of ensuring compliance
with applicable “know your customer” and anti-money laundering rules and
regulations, including the USA. Patriot Act.

ARTICLE V

Affirmative
Covenants 

Until the Commitments have expired or been terminated
and the principal of and interest on each Loan and all fees payable hereunder
have been paid in full, all LC Disbursements have been reimbursed and all
Letters of Credit have expired or been terminated, the Company and each other
Borrower covenants and agrees with the Lenders that:

SECTION 5.01. Financial
Statements and Other Information. The Company will furnish to the
Administrative Agent and each Lender:

(a) within 90 days after the end of each fiscal year of the
Company (or, if earlier, the date on which the Company files the same with the
SEC), a copy of its audited consolidated balance sheet and related statements
of operations, stockholders’ equity and cash flows as of the end of and for
such year, setting forth in each case in comparative form the figures for the
previous fiscal year, accompanied by a report of PricewaterhouseCoopers LLP or
other independent public accountants of recognized national standing (without a
“going concern” or like qualification or exception and without any
qualification or exception as to the scope of the related audit) to the effect
that such consolidated financial statements present fairly in all material
respects the financial position and results of operations and cash flows of the
Company and the consolidated Subsidiaries on a consolidated basis in accordance
with GAAP consistently applied;

 47
 

(b) within 60 days after the end of each of the first three
fiscal quarters of each fiscal year of the Company (or, if earlier, the date on
which the Company files the same with the SEC), a copy of its consolidated
balance sheet and related statements of operations as of the end of and for
such fiscal quarter and  the then elapsed
portion of the fiscal year and its related statement of cash flows for the then
elapsed portion of the fiscal year, setting forth in each case in comparative
form the figures for the corresponding period or periods of (or, in the case of
the balance sheet, as of the end of) the previous fiscal year, all certified by
one of its Financial Officers as presenting fairly in all material respects the
financial position and results of operations and cash flows of the Company and
the consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the
absence of footnotes (which certification requirement shall be deemed satisfied
by the execution by a Financial Officer of the certification required to be
filed with the SEC pursuant to Item 601 of Regulation S-K);

(c) concurrently with any delivery of financial statements
under clause  (a) or (b) above, a
certificate signed by a Financial Officer of the Company  (i) certifying as to whether a Default has occurred and is
continuing and, if a Default has occurred and is continuing, specifying the
details thereof and any action taken or proposed to be taken with respect
thereto and (ii) setting forth reasonably detailed calculations demonstrating
compliance with Sections 6.07 and 6.08;

(d) promptly after the same become publicly available, copies
of all periodic and other reports, proxy statements and other materials filed
by the Company or any Subsidiary with the SEC, or distributed by the Company to
its stockholders generally, as the case may be; and

(e) promptly following any request therefor, such other
information regarding the operations, business affairs and financial condition
of the Company, any other Borrower or any Subsidiary, or compliance with the
terms of this Agreement, as the Administrative Agent or any Lender (acting
through the Administrative Agent) may reasonably request.

Information required to
be delivered pursuant to this Section shall be deemed to have been delivered if
such information, or one or more annual or quarterly reports containing such
information, shall have been posted by the Administrative Agent on an
IntraLinks or similar site to which the Lenders have been granted access or
shall be available on the website of the SEC at http://www.sec.gov or the
website of the Company at http://www.agilent.com and a confirming notice of
such posting or availability shall have been delivered to the Administrative
Agent (it being agreed that such notice may be delivered by electronic
communication to an e-mail address provided by the Administrative Agent to the
Company for such purpose, as such e-mail address may be modified by the
Administrative Agent from time to time). 
Information required to be delivered pursuant to this Section may also be
delivered by electronic communications pursuant to procedures approved by the
Administrative Agent.

 48
 

SECTION 5.02. Notices
of Material Events.  The Company will
furnish to the Administrative Agent prompt written notice of the following:

(a) the occurrence of any Default;

(b) the filing or commencement of any action, suit or
proceeding by or before any arbitrator or Governmental Authority against the
Company or any Subsidiary that would be materially likely to result in a
Material Adverse Effect;

(c) the occurrence of any ERISA Event that, alone or together
with any other ERISA Events that have occurred, would be materially likely to
be expected to result in liability of the Company and the Subsidiaries in an
aggregate amount exceeding $100,000,000; and

(d) any other development that has resulted, or in the
judgment of the Company would be materially likely to result, in a Material
Adverse Effect.

Each notice delivered under this Section shall be
accompanied by a statement of a Financial Officer setting forth the details of
the event or development requiring such notice (or referring to a description
of such event or development in the publicly available SEC filings of the
Company) and any action taken or proposed to be taken with respect thereto.

SECTION 5.03. Existence.  The Company will, and will cause each
Subsidiary to, do or cause to be done all things necessary to preserve, renew
and keep in full force and effect its legal existence, except as otherwise
permitted by Section 6.04; provided that this Section shall not require
the preservation of the legal existence of any Subsidiary that is not a
Borrower if the Company shall determine that the preservation of such existence
is no longer necessary or desirable in the conduct of the business of the
Company and the Subsidiaries taken as a whole.

SECTION 5.04. Businesses and Properties. Except
as otherwise permitted by Section 6.04 or where the failure to do so would be
materially likely to result in a Material Adverse Effect, the Company will, and
will cause each Subsidiary to, at all times (a) do or cause to be done all
things reasonably necessary to preserve, renew and keep in full force and
effect the rights, licenses, permits, franchises, patents, copyrights,
trademarks and trade names material to the conduct of its business and (b)
maintain, preserve and protect all property material to the conduct of such
business.

SECTION 5.05. Payment of Taxes.  The Company will, and will cause each of the
Subsidiaries to, pay its Tax liabilities before the same shall become
delinquent or in default, except where (a) the validity or amount thereof is
being contested in good faith by appropriate proceedings, (b) the Company or
the applicable Subsidiary has set aside on its books adequate reserves with
respect thereto to the extent required by GAAP and (c) the failure to make
payment pending such contest would not be materially likely to be expected to
result in a Material Adverse Effect.

 49
 

SECTION 5.06. Insurance.  The Company will, and will cause its
Subsidiaries, as appropriate, to, maintain, with financially sound and
reputable insurance companies, insurance in such amounts and against such risks
as are customarily maintained by companies engaged in the same or similar
businesses operating in the same or similar locations; provided, that the
Company and its Subsidiaries may self-insure up to the same extent as other
companies of similar size engaged in comparable businesses.

SECTION 5.07. Books and Records; Inspection Rights.
The Company will, and will cause each of the Subsidiaries to, keep proper books
of record and account in which full, true and correct entries are made of all
dealings and transactions in relation to its business and activities, to the
extent required by GAAP.  The Company
will, and will cause each of the Subsidiaries to, permit any representatives
designated by the Administrative Agent or any Lender, at reasonable times and
upon reasonable prior notice (given through the Administrative Agent), to visit
and inspect its properties, to examine and make extracts from its books and
records and to discuss its affairs, finances and condition with its officers
and independent accountants (it being agreed that, the foregoing, with respect
to any Subsidiary, will be coordinated through the Company).

SECTION 5.08. Compliance
with Laws.  The Company will, and
will cause each of the Subsidiaries to, comply with all laws, rules,
regulations and orders of any Governmental Authority, including Environmental
Laws and ERISA, applicable to it or its property, except where the failure to
do so, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.

SECTION 5.09. Use
of Proceeds. The Borrowers will use the proceeds of the Loans and the
Letters of Credit only for general corporate purposes of the Company and the
Subsidiaries, including to provide liquidity in connection with any commercial
paper program and to finance repurchases of the outstanding common stock of the
Company and acquisitions.  The Borrowers
will not permit the proceeds of any Loan or any Letter of Credit to be used,
whether directly or indirectly, and whether immediately, incidentally or
ultimately, for any purpose that entails a violation of the provisions of the
regulations of the Board, including Regulation U or X.  The Borrowers will not permit more than 25%
of the value of the assets of the Company and the Subsidiaries that are subject
to any provision of this Agreement under which the sale, pledge or disposition
of assets is restricted (within the meaning of Regulation U) to consist of
margin stock (as defined in Regulation U).

SECTION 5.10. World Trade Restricted Cash. The
Company will cause the aggregate amount of the World Trade Restricted Cash at
all times to equal or exceed the aggregate outstanding principal amount of the
World Trade Indebtedness.

 50
 

ARTICLE VI

Negative Covenants

Until the
Commitments have expired or been terminated and the principal of and interest
on each Loan and all fees payable hereunder have been paid in full, all LC
Disbursements have been reimbursed and all Letters of Credit have expired or
been terminated, the Company and each other Borrower covenants and agrees with
the Lenders that:

SECTION 6.01. Subsidiary Indebtedness.  The Company will not permit any Subsidiary to
create, incur, assume or permit to exist any Indebtedness or permit to exist
any preferred stock or other preferred equity interests, except:

(a) Indebtedness under this Agreement;

(b) Indebtedness, preferred stock or the preferred equity
interests existing on the date hereof and set forth on Schedule 6.01 and
extensions, renewals or replacements of any such Indebtedness that do not
increase the outstanding principal amount thereof;

(c) World Trade Indebtedness, in an amount at any time
outstanding not in excess of the lesser of (i) the World Trade Indebtedness
outstanding on the date hereof and (ii) the World Trade Restricted Cash at such
time, and the preferred stock of Agilent Technologies (Cayco) Limited relating
thereto;

(d) Indebtedness, preferred stock or preferred equity
interests of Subsidiaries existing at the time they become Subsidiaries and not
incurred in contemplation of their becoming Subsidiaries and extensions,
renewals and replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof;

(e) Indebtedness of any Subsidiary incurred to finance the
acquisition, construction or improvement by such Subsidiary of any fixed or
capital assets, including Capital Lease Obligations, provided that such
Indebtedness is incurred prior to or within 180 days after such acquisition or
the completion of such construction or improvement, and extensions, renewals
and replacements of any such Indebtedness that do not increase the outstanding
principal amount thereof;

(f) Indebtedness of any Subsidiary to the Company or any other
Subsidiary; or any preferred stock or other preferred equity interests of any
Subsidiary held by the Company or any other Subsidiary; provided that no
such Indebtedness or preferred equity interests shall be assigned to, or
subjected to any Lien in favor of, a Person other than the Company or a
Subsidiary;

(g) Indebtedness of any Subsidiary as an account party in
respect of letters of credit or letters of guarantee, in each case backing
obligations that do not constitute Indebtedness of any Subsidiary;

 51
 

(h) Indebtedness consisting of industrial development,
pollution control or other revenue bonds or similar instruments issued or
guaranteed by any Governmental Authority; and

(i) other Indebtedness and preferred stock and other
preferred equity interests not expressly permitted by clauses (a) through (h)
above; provided that the sum, without duplication, of (i) the aggregate
principal amount of the outstanding Indebtedness, and the aggregate liquidation
preference value of the outstanding preferred stock and other preferred equity
interests, permitted by this clause (i), (ii) the aggregate principal amount of
the outstanding Indebtedness secured by Liens (including Liens deemed to exist
in connection with Securitization Transactions) permitted by Section 6.02(j)
and (iii) the Attributable Debt in respect of Sale-Leaseback Transactions
permitted by Section 6.03(b) does not at any time exceed the greater of (A)
$300,000,000 and (B) 10% of Consolidated Stockholders’ Equity.

SECTION 6.02. Liens.  The Company will not, and will not permit any
Subsidiary to, create, incur, assume or permit to exist any Lien on any
property or asset now owned or hereafter acquired by it, except:

(a) Permitted Liens;

(b) Liens created under this Agreement;

(c) Liens existing on the date hereof and set forth on
Schedule 6.02 and any extensions, renewals or replacements thereof; provided
that (i) no such Lien shall apply to any other property or assets of the
Company or any Subsidiary, other than improvements and accessions to the subject
assets and proceeds thereof, and (ii) no such Lien shall secure obligations
other than those that it secured on the date hereof and permitted extensions,
renewals and replacements thereof;

(d) Liens on assets existing at the time such assets are
acquired by the Company or a Subsidiary and any replacements thereof; provided
that (i) no such Lien is created in contemplation of or in connection with any
such acquisition,  (ii) no
such Lien shall apply to any other property or assets of the Company or any
Subsidiary, other than improvements and accessions to the subject assets and
proceeds thereof, and (iii) no such Lien shall secure obligations other than
those that it secures on the date of such acquisition and permitted extensions,
renewals and replacements thereof;

(e) Liens on assets of
any Person at the time such Person becomes a Subsidiary and any extensions,
renewals and replacements thereof; provided that (i) no such Lien is
created in contemplation of or in connection with such Person becoming a Subsidiary,
(ii) no such Lien shall apply to any other property or assets of the Company or
any Subsidiary, other than improvements and accessions to the subject assets
and proceeds thereof, and (iii) no such Lien shall secure 

 52
 

obligations other than those that it secures on the
date such Person becomes a Subsidiary and permitted extensions, renewals and
replacements thereof;

(f) Liens securing Indebtedness incurred to finance the
acquisition, construction or improvement of any fixed or capital assets
(including Liens deemed to exist in connection with Capital Lease Obligations)
acquired after the date hereof to the extent such Liens attach only to such
fixed or capital assets and improvements and accessions thereto and are created
at the time of or within 180 days after the acquisition, or the completion of
such construction or improvement, of such fixed or capital assets, and any
Liens securing extensions, refinancings or replacements of such Indebtedness; provided
that no such Lien shall apply to any other property or assets of the Company or
any Subsidiary, other than improvements and accessions to the subject fixed or
capital assets and proceeds thereof;

(g) customary Liens arising from or created in connection
with the issuance of trade letters of credit for the account of the Company or
any Subsidiary supporting obligations not constituting Indebtedness; provided
that such Liens encumber only the raw materials, inventory, machinery or
equipment in connection with the purchase of which such letters of credit are
issued;

(h) Liens on assets of Subsidiaries securing obligations owed
to the Company or one or more other Subsidiaries;

(i) Liens on cash collateral or government securities to
secure obligations under Hedging Agreements; provided that the aggregate
value of any collateral so pledged does not exceed $30,000,000 in the aggregate
at any time; and

(j) other Liens securing
or deemed to exist in connection with Indebtedness and sales of accounts
receivable and interests therein pursuant to Securitization Transactions;
provided that the sum, without duplication, of (i) the aggregate principal
amount of the outstanding Indebtedness secured by Liens or deemed to exist in
connection with Securitization Transactions permitted by this clause (j), (ii)
the aggregate principal amount of the outstanding Indebtedness, and the
aggregate liquidation preference value of the outstanding preferred stock and
other preferred equity interests, permitted by Section 6.01(i) and (iii) the
Attributable Debt in respect of Sale-Leaseback Transactions permitted by
Section 6.03(b) does not at any time exceed the greater of (A) $300,000,000 and
(B) 10% of Consolidated Stockholders’ Equity.

SECTION 6.03. Sale and Leaseback Transactions.  The Company will not, and will not permit any
Subsidiary to, enter into or be a party to any Sale-Leaseback Transaction,
except:

(a) Sale-Leaseback Transactions existing on the date hereof
and set forth on Schedule 6.03 and extensions, renewals or replacements of any
such Sale-Leaseback Transaction; provided that the property and assets
subject to any such

 53
 

extended,
renewed or replaced Sale-Leaseback Transaction shall include only the property
or assets subject thereto on the date hereof, improvements and accessions to
such property and assets and proceeds thereof; and

(b) other Sale-Leaseback Transactions; provided that
the sum, without duplication, of (i) the aggregate Attributable Debt in respect
of Sale-Leaseback Transactions permitted by this clause (b), (ii) the aggregate
principal amount of the outstanding Indebtedness, and the aggregate liquidation
preference value of the outstanding preferred stock and other preferred equity
interests, permitted by Section 6.01(i) and (iii) the aggregate principal
amount of the outstanding Indebtedness secured by Liens (including Liens deemed
to exist in connection with Securitization Transactions) permitted by Section
6.02(j) does not at any time exceed the greater of (A) $300,000,000 and (B) 10%
of Consolidated Stockholders’ Equity.

SECTION 6.04. Fundamental
Changes. (a) The Company will not, and will not permit any Subsidiary to,
merge into or consolidate with any other Person, or permit any other Person to
merge into or consolidate with it, or sell, transfer, lease or otherwise
dispose of (in one transaction or in a series of transactions) assets
representing all or substantially all the consolidated assets of the Company
and the Subsidiaries (whether now owned or hereafter acquired), or liquidate or
dissolve, except that if at the time thereof and immediately after giving pro
forma effect thereto (as if the relevant transaction and any related
incurrence or repayment of Indebtedness had occurred at the beginning of the
most recent period of four fiscal quarters for which financial statements have
been delivered pursuant to Section 5.01(a) or (b) or, prior to the delivery of
any such financial statements, at January 31, 2007) no Default shall have
occurred and be continuing (i) any Person may merge into the Company in a
transaction in which the Company is the surviving corporation, (ii) any Person
may merge with any Subsidiary in a transaction in which the surviving entity is
a Subsidiary and (iii) any Subsidiary (other than a Borrowing Subsidiary) may
liquidate or dissolve or, so long as such transaction does not constitute a
transfer or other disposition of all or substantially all the consolidated
assets of the Company and the Subsidiaries, merge with or into any other
Person.

(b) The Company will not, and will not permit any
Subsidiary to, engage to any extent material to the Company and the
Subsidiaries on a consolidated basis in any business other than businesses of
the type conducted by the Company and the Subsidiaries on the date of this
Agreement and businesses reasonably related or complementary thereto.

(c) The Company will not permit any other Borrower,
while it remains a Borrower, to cease to be a Subsidiary.

SECTION 6.05. Transactions
with Affiliates.  The Company will
not, and will not permit any Subsidiary to, sell, lease or otherwise transfer
any property or assets to, or purchase, lease or otherwise acquire any property
or assets from, or otherwise engage in any other transactions with, any of its
Affiliates, except (a) in the ordinary 

 54
 

course of business at
prices and on terms and conditions not less favorable to the Company or such
Subsidiary than could be obtained on an arm’s-length basis from unrelated third
parties; (b) transactions between or among the Company and the Subsidiaries (or
between or among two or more Subsidiaries) not involving any other Affiliate;
and (c) compensation arrangements for directors or executive officers approved
by the Board of Directors of the Company or the compensation committee of such
Board of Directors; provided that nothing contained in this Section
shall prevent the Company from paying dividends or making other cash
distributions to its stockholders.

SECTION 6.06. Restrictive
Agreements.  The Company will not,
and will not permit any Subsidiary to, enter into any agreement that (a)
prohibits the Company or any Subsidiary from creating or permitting to exist
any Lien that secures the Obligations outstanding under this Agreement or (b)
restricts the ability of any Subsidiary to pay dividends or other distributions
to the Company or other Subsidiaries or to make loans or advances to the
Company or other Subsidiaries or to repay loans or advances made by the Company
or other Subsidiaries to it; provided that the foregoing shall not apply
to:

(a) restrictions or conditions imposed by law or by
this Agreement;

(b) restrictions or conditions existing on the date hereof
and set forth in Schedule 6.06 (or to any extension, amendment, modification,
renewal or replacement thereof not expanding the scope of any such restriction
or condition) to the extent such restrictions and conditions apply only to such
Subsidiary and not to any other Subsidiary,

(c) restrictions or conditions that are binding on a
Subsidiary at the time such Subsidiary first becomes a Subsidiary, so long as
such restrictions or conditions were not entered into in contemplation of such
Person becoming a Subsidiary;

(d) restrictions or conditions in agreements that represent
or secure Indebtedness of a non-US Subsidiary, provided that such restrictions
or conditions apply solely to such non-US Subsidiary;

(e) restrictions or conditions that are customary provisions
in joint venture agreements and other similar agreements applicable to joint
ventures and applicable solely to such joint ventures;

(f) restrictions or conditions on Liens in favor of any
holder of Indebtedness permitted under Section 6.01 and 6.02 but solely to the
extent any negative pledge or other restriction on Liens relates to the
property financed by such Indebtedness, and negative pledge clauses in favor of
any holder of Indebtedness permitted under this Agreement that restrict Liens
unless the holder of such Indebtedness is equally and ratably secured thereby;

(g) customary
restrictions and conditions contained in agreements relating to the sale of a
Subsidiary or of any assets pending such sale to the extent that 

 55
 

such restrictions and conditions apply only to the
Subsidiary or assets that is or are to be sold and such sale is permitted
hereunder;

(h) restrictions and
conditions imposed upon any project finance, securitization or other special
purpose Subsidiary in connection with any incurrence by it of Indebtedness
permitted hereunder if (A) the principal obligations arising under such
transaction are solely obligations of such Subsidiary and are non-recourse to
the Company or any other Subsidiary and (B) such restrictions apply only
to such Subsidiary and not to any other Subsidiary;

(i) restrictions and conditions imposed on the transfer of
licensed intellectual property and customary provisions in agreements that
restrict the assignment of such agreements or any rights thereunder;

(j) customary financial covenants affecting the maintenance
or retention of assets or capital by a Subsidiary; and

(k) restrictions or conditions imposed by any agreement
relating to secured Indebtedness that is permitted under Section 6.01 and 6.02,
to the extent that such restrictions apply only to the property or assets
securing such Indebtedness;

In addition, clause (a) of the foregoing shall not
apply to customary provisions in leases, licenses and other contracts restricting
the assignment, sublease or sublicense thereof (or relating to the transfer of
the assets subject thereto).

The Company will
not permit any restrictive agreements under this Section 6.06 that,
individually or in the aggregate, would limit the ability of Subsidiaries,
taken as a whole, to pay dividends or make distributions to the Company to the
extent that such dividends or distributions are required in order to enable the
Company to perform its obligations under this Agreement.

SECTION 6.07. Interest Coverage Ratio.  The Company will not permit the ratio of (a)
Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any
period of four consecutive fiscal quarters, to be less than 3.00 to 1.00.

SECTION 6.08. Adjusted Leverage Ratio.  The Company will not at any time permit the
ratio of (a) Adjusted Consolidated Total Indebtedness at such time to (b)
Consolidated EBITDA for the most recently ended period of four consecutive
fiscal quarters to be greater than 3.25 to 1.00.

 56

ARTICLE VII

Events of Default

If any of the
following events (“Events of Default”) shall occur:

(a) any Borrower shall fail to pay any principal of
any Loan or any reimbursement obligation in respect of any LC Disbursement when
and as the same shall become due and payable, whether at the due date thereof
or at a date fixed for prepayment thereof or otherwise;

(b) any Borrower shall fail to pay any interest on any
Loan or any fee or any other amount (other than an amount referred to in clause
(a) of this Article) payable under this Agreement, when and as the same shall
become due and payable, and such failure shall continue unremedied for a period
of three Business Days;

(c) any representation or warranty made or deemed made
by or on behalf of the Company or any other Borrower in or in connection with
this Agreement or any amendment or modification hereof or waiver hereunder, or
in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement or any amendment or
modification hereof or waiver hereunder, shall prove to have been materially
incorrect when made or deemed made;

(d) the Company or any other Borrower shall fail to
observe or perform any covenant, condition or agreement contained in Section 5.02,
5.03 (with respect to any Borrower’s existence) or 5.09 or in Article VI;

(e) the Company or any other Borrower shall fail to
observe or perform any covenant, condition or agreement contained in this
Agreement (other than those specified in clause (a), (b) or (d) of this
Article), and such failure shall continue unremedied for a period of 30 days
after notice thereof from the Administrative Agent to the Company (which notice
will be given at the request of any Lender);

(f) the Company or any Subsidiary shall fail to make
any payment (whether of principal or interest) in respect of any Material
Indebtedness, when and as the same shall become due and payable or within any
applicable cure period;

(g) any event or condition occurs that results in any
Material Indebtedness becoming due or being terminated or required to be
prepaid, repurchased, redeemed or defeased prior to its scheduled maturity, or
that enables or permits (with or without the giving of notice, the lapse of
time or both) the holder or holders of any Material Indebtedness or any trustee
or agent on its or their behalf to cause any Material Indebtedness to become
due, or to terminate or require the prepayment, repurchase, redemption or
defeasance thereof, prior to its scheduled  

 57
 

maturity; provided that this clause (g) shall not
apply to secured Indebtedness that becomes due as a result of the voluntary
sale or transfer of the property or assets securing such Indebtedness;

(h) an involuntary proceeding shall be commenced or an
involuntary petition shall be filed seeking (i) liquidation, reorganization or
other relief in respect of the Company or any Material Subsidiary or its debts,
or of a substantial part of its assets, under any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect
or (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Company or any Material Subsidiary or
for a substantial part of its assets, and, in any such case, such proceeding or
petition shall continue undismissed for 60 days or an order or decree approving
or ordering any of the foregoing shall be entered;

(i) the Company or any Material Subsidiary shall (i)
voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy,
insolvency, receivership or similar law now or hereafter in effect, (ii)
consent to the institution of, or fail to contest in a timely and appropriate
manner, any proceeding or petition described in clause (h) of this Article,
(iii) apply for or consent to the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for the Company or any
Material Subsidiary or for a substantial part of its assets, (iv) file an
answer admitting the material allegations of a petition filed against it in any
such proceeding, (v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing;

(j) the Company or any Material Subsidiary shall
become unable, admit in writing its inability or fail generally to pay its
debts as they become due;

(k) one or more judgments for the payment of money in
an aggregate amount in excess of $100,000,000 shall be rendered against the
Company, any Subsidiary or any combination thereof and the same shall remain
undischarged for a period of 60 consecutive days during which execution shall
not be effectively stayed, or any action shall be legally taken by a judgment
creditor to attach or levy upon any assets of the Company or any Subsidiary to
enforce any such judgment;

(l) an ERISA Event shall have occurred that, in the
opinion of the Required Lenders, when taken together with all other ERISA
Events that have occurred, would be materially likely to result in liability of
the Company and the Subsidiaries in an aggregate amount in excess of
$100,000,000;

(m) the guarantee of the Company hereunder shall cease
to be, or shall be asserted by the Company not to be, a legal, valid or binding
obligation of the Company; or

(n) a Change in
Control shall occur; 

 58
 

then, and in every such
event (other than an event with respect to any Borrower described in clause (h)
or (i) of this Article), and at any time thereafter during the continuance of
such event, the Administrative Agent may, and at the request of the Required
Lenders shall, by notice to the Company, take either or both of the following
actions, at the same or different times: 
(i) terminate the Commitments, and thereupon the Commitments shall
terminate immediately, and (ii) declare the Loans then outstanding to be due
and payable in whole (or in part, in which case any principal not so declared
to be due and payable may thereafter be declared to be due and payable), and
thereupon the principal of the Loans so declared to be due and payable,
together with accrued interest thereon and all fees and other obligations of
the Borrowers accrued hereunder, shall become due and payable immediately,
without presentment, demand, protest or other notice of any kind, all of which
are hereby waived by the Borrowers; and in case of any event with respect to
any Borrower described in clause (h) or (i) of this Article, the Commitments
shall automatically terminate and the principal of the Loans then outstanding,
together with accrued interest thereon and all fees and other obligations of
the Borrowers accrued hereunder, shall automatically become due and payable,
without presentment, demand, protest or other notice of any kind, all of which
are hereby waived by the Borrowers.

ARTICLE VIII

The Administrative
Agent 

Each of the
Lenders and the Issuing Banks hereby irrevocably appoints the Administrative
Agent as its agent and authorizes the Administrative Agent to take such actions
on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms hereof, together with such actions and powers
as are reasonably incidental thereto.

The bank serving as Administrative Agent hereunder
shall have the same rights and powers in its capacity as a Lender as any other
Lender and may exercise the same as though it were not the Administrative
Agent, and such bank and its Affiliates may accept deposits from, lend money to
and generally engage in any kind of business with the Company or any Subsidiary
or other Affiliate thereof as if it were not the Administrative Agent
hereunder.

The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein.  Without limiting the generality of the
foregoing, (a) the Administrative Agent shall not be subject to any fiduciary
or other implied duties, regardless of whether a Default has occurred and is
continuing, (b) the Administrative Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated hereby that the Administrative Agent
is required to exercise in writing by the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 10.02), and (c) except as expressly set
forth herein, the Administrative Agent shall not have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to
the Company or any of its 

 59
 

Subsidiaries that is communicated to or obtained by
the bank serving as the Administrative Agent or any of its Affiliates in any
capacity.  The Administrative Agent shall
not be liable for any action taken or not taken by it with the consent or at
the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary under the circumstances as provided in Section
10.02) or in the absence of its own gross negligence or willful misconduct.  The Administrative Agent shall be deemed to
have no knowledge of any Default unless and until written notice thereof is
given to the Administrative Agent by the Company or a Lender, and the
Administrative Agent shall not be responsible for or have any duty to ascertain
or inquire into (i) any statement, warranty or representation made in or in
connection with this Agreement, (ii) the contents of any certificate, report or
other document delivered hereunder or in connection herewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or
conditions set forth herein, (iv) the validity, enforceability, effectiveness
or genuineness of this Agreement or any other agreement, instrument or document
or (v) the satisfaction of any condition set forth in Article IV or elsewhere
herein, other than to confirm receipt of items expressly required to be
delivered to the Administrative Agent.

The Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument,
document or other writing believed by it to be genuine and to have been signed
or sent by the proper Person. The Administrative Agent also may rely upon any
statement made to it orally or by telephone and believed by it to be made by
the proper Person, and shall not incur any liability for relying thereon.  The Administrative Agent may consult with
legal counsel (who may be counsel for any Borrower), independent accountants
and other experts selected by it, and shall not be liable for any action taken
or not taken by it in accordance with the advice of any such counsel,
accountants or experts.

The Administrative Agent may perform any and all its
duties and exercise its rights and powers by or through any one or more
sub-agents appointed by it.  The
Administrative Agent and any such sub-agent may perform any and all its duties
and exercise its rights and powers through their respective Related
Parties.  The exculpatory provisions of
the preceding paragraphs shall apply to any such sub-agent and to the Related
Parties of the Administrative Agent and any such sub-agent, and shall apply to
their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as the Administrative
Agent.

Subject to the
appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying
the Lenders, the Issuing Banks and the Company. 
Upon any such resignation, the Company shall have the right, in
consultation with the Required Lenders, to appoint a successor.  If no successor shall have been so appointed
by the Company and shall have accepted such appointment within 30 days after
the retiring Administrative Agent gives notice of its resignation, then the
retiring Administrative Agent may, on behalf of the Lenders and the Issuing
Banks, appoint a successor Administrative Agent, which shall be a bank with an
office in New York, New York, or an Affiliate of any such bank.  Upon the acceptance of its appointment as
Administrative Agent hereunder by a successor, such successor shall succeed to
and become vested with all the rights, powers, privileges 

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and duties of the
retiring Administrative Agent, and the retiring Administrative Agent shall be
discharged from its duties and obligations hereunder.  The fees payable by the Company to a
successor Administrative Agent shall be the same as those payable to its
predecessor unless otherwise agreed between the Company and such
successor.  After the Administrative
Agent’s resignation hereunder, the provisions of this Article and Section 10.03
shall continue in effect for the benefit of the retiring Administrative Agent,
its sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while it was acting as the
Administrative Agent.

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

ARTICLE IX

Guarantee 

In order to induce
the Lenders and the Issuing Banks to extend credit to the Borrowing
Subsidiaries hereunder, the Company hereby irrevocably and unconditionally
guarantees the payment when and as due of the Obligations of each Borrowing
Subsidiary. The Company further agrees that the due and punctual payment of
such Obligations may be extended or renewed, in whole or in part, without
notice to or further assent from it, and that it will remain bound upon its
guarantee hereunder notwithstanding any such extension or renewal of any such
Obligation.

The Company waives
presentment to, demand of payment from and protest to any Borrowing Subsidiary
of any of the Obligations, and also waives notice of acceptance of its
obligations and notice of protest for nonpayment.  The obligations of the Company hereunder
shall not be affected by (a) the failure of the Administrative Agent, any
Lender or any Issuing Bank to assert any claim or demand or to enforce any
right or remedy against any Borrowing Subsidiary under the provisions of this
Agreement or otherwise; (b) any extension or renewal of any of the Obligations;
(c) any rescission, waiver, amendment or modification of, or release from, any
of the terms or provisions of this Agreement, or any other agreement; (d) any
default, failure or delay, willful or otherwise, in the performance of any of
the Obligations; or (e) any other act, omission or delay to do any other act
which may or might in any manner or to any extent vary the risk of the Company
or otherwise operate as a discharge of a guarantor as a matter of law or equity
or which would impair or eliminate any right of the Company to subrogation.

The Company further agrees that its agreement
hereunder constitutes a guarantee of payment when due (whether or not any
bankruptcy or similar proceeding 

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shall have stayed the accrual or collection of any of
the Obligations or operated as a discharge thereof) and not merely of
collection, and waives any right to require that any resort be had by the
Administrative Agent, any Lender or any Issuing Bank to any balance of any
deposit account or credit on the books of the Administrative Agent, such Lender
or such Issuing Bank in favor of any Borrowing Subsidiary or any other Person.

The obligations of
the Company hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason, and shall not be subject to any
defense or set-off, counterclaim, recoupment or termination whatsoever, by
reason of the invalidity, illegality or unenforceability of any of the
Obligations, any impossibility in the performance of any of the Obligations or
otherwise.

The Company further agrees that its obligations
hereunder shall continue to be effective or be reinstated, as the case may be,
if at any time payment, or any part thereof, of any Obligation is rescinded or
must otherwise be restored by the Administrative Agent, any Lender or any
Issuing Bank upon the bankruptcy or reorganization of any Borrowing Subsidiary
or otherwise.

In furtherance of the foregoing and not in limitation
of any other right that the Administrative Agent, any Lender or any Issuing
Bank may have at law or in equity against the Company by virtue hereof, upon
the failure of any Borrowing Subsidiary to pay any Obligation when and as the
same shall become due, whether at maturity, by acceleration, after notice of
prepayment or otherwise, the Company hereby promises to and will, upon receipt
of written demand by the Administrative Agent, Lender or Issuing Bank,
forthwith pay, or cause to be paid, to the Administrative Agent, Lender or
Issuing Bank in cash an amount equal to the unpaid principal amount of such
Obligation then due, together with accrued and unpaid interest thereon.

Upon payment by the Company of any sums as provided
above, all rights of the Company against any Borrowing Subsidiary arising as a
result thereof by way of right of subrogation or otherwise shall in all
respects be subordinated and junior in right of payment to the prior
indefeasible payment in full of all the Obligations owed by such Borrowing
Subsidiary to the Administrative Agent, the Issuing Banks and the Lenders.

Nothing shall discharge or satisfy the liability of
the Company hereunder except the full and indefeasible performance and payment
of the Obligations.

ARTICLE X

Miscellaneous 

SECTION 10.01. Notices.
Except in the case of notices and other communications expressly permitted to
be given by telephone, all notices and other communications provided for herein
shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by fax, as follows:

 62
 

(a) if to the Company, to it at Agilent Technologies,
Inc., Attention of Treasurer (Fax No. (408) 553-7516), with a copy to the
Attention of Assistant Treasurer (Fax No. (408) 553-7516);

(b) if to any Borrowing Subsidiary, to it in care of the
Company as provided in paragraph (a) above;

(c) if to the Administrative Agent, to JPMorgan Chase Bank,
N.A., in its capacity as Issuing Bank, to JPMorgan Chase Bank, N.A., Loan and
Agency Services Group, 1111 Fannin, 10th Floor, Houston, TX 77002, Attention of
Nga Maryann Bui (Fax No. (713) 750-2358), with a copy to the Attention of Toyin
S. Ojeahere (Fax No. (713) 750-2358);

(d) if to the Swingline Lender, to JPMorgan Chase Bank, N.A.,
Deal Management Team, Loan and Agency Services Group, 1111 Fannin Street,
Houston, Texas 77002, Attention of Nga Maryann Bui (Fax No. (713) 750-2358),
with a copy to the Attention of Toyin S. Ojeahere (Fax No. (713) 750-2358); and

(e) if to any other Issuing Bank or Lender, to it at its
address (or fax number) set forth in its Administrative Questionnaire.

Any party hereto may change its address or fax number
for notices and other communications hereunder by notice to the other parties
hereto.  All notices and other
communications given to any party hereto in accordance with the provisions of
this Agreement shall be deemed to have been given on the date of receipt.

SECTION 10.02. Waivers;
Amendments. (a) No failure or delay by the Administrative Agent, any
Issuing Bank or any Lender in exercising any right or power hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce
such a right or power, preclude any other or further exercise thereof or the
exercise of any other right or power. The rights and remedies of the
Administrative Agent, the Issuing Banks and the Lenders hereunder are
cumulative and are not exclusive of any rights or remedies that they would
otherwise have. No waiver of any provision of this Agreement or consent to any
departure by any Borrower therefrom shall in any event be effective unless the
same shall be permitted by paragraph (b) of this Section, and then such waiver
or consent shall be effective only in the specific instance and for the purpose
for which given. Without limiting the generality of the foregoing, the making
of a Loan or issuance of a Letter of Credit shall not be construed as a waiver
of any Default, regardless of whether the Administrative Agent, any Lender or
any Issuing Bank may have had notice or knowledge of such Default at the time.

(b) Neither this Agreement nor any provision hereof
may be waived, amended or modified except pursuant to an agreement or
agreements in writing entered into by the Company and the Required Lenders or
by the Company and the Administrative Agent with the consent of the Required
Lenders; provided that no such agreement shall (i) increase the
Commitment of any Lender without the written consent 

 63
 

of such Lender, (ii) reduce the principal amount of
any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce
any fees payable hereunder, without the written consent of each Lender affected
thereby, (iii) postpone the scheduled date of payment of the principal amount
of any Loan or LC Disbursement, or any interest thereon, or any fees payable
hereunder, or reduce the amount of, waive or excuse any such payment, or
postpone the scheduled date of expiration of any Commitment, without the
written consent of each Lender affected thereby, (iv) change Section 2.08(c) or
Section 2.18(b) or 2.18(c) in a manner that would alter the pro rata sharing of
Commitment reductions or payments required thereby, as the case may be, without
the written consent of each Lender affected thereby, (v) change any of the
provisions of this Section or the definition of “Required Lenders” or any other
provision hereof specifying the number or percentage of Lenders required to
waive, amend or modify any rights hereunder or make any determination or grant
any consent hereunder, without the written consent of each Lender or (vi)
release the Company from, or limit or condition, its Obligations under Article
IX without the written consent of each Lender; provided further that no such
agreement shall amend, modify or otherwise affect the rights or duties of the
Administrative Agent, any Issuing Bank or the Swingline Lender hereunder
without the prior written consent of the Administrative Agent, such Issuing
Bank or the Swingline Lender, as the case may be.

SECTION 10.03. Expenses; Indemnity; Damage Waiver.
(a) The Company shall pay (i) all reasonable out-of-pocket expenses incurred by
the Administrative Agent and its Affiliates, including the reasonable fees,
charges and disbursements of counsel for the Administrative Agent, in
connection with the syndication of the credit facilities provided for herein,
the preparation and administration of this Agreement or any amendments,
modifications or waivers of the provisions hereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all
reasonable out-of-pocket expenses incurred by the Issuing Banks in connection
with the issuance, amendment, renewal or extension of any Letter of Credit or
any demand for payment thereunder and (iii) all out-of-pocket expenses incurred
by the Administrative Agent, any Issuing Bank or any Lender, including the reasonable
fees, charges and disbursements of any counsel for the Administrative Agent,
any Issuing Bank or any Lender, in connection with the lawful enforcement of
its rights in connection with this Agreement, including its rights under this
Section, or in connection with the Loans made or Letters of Credit issued
hereunder, including all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or Letters of
Credit.

(b) The Company shall indemnify the Administrative
Agent and each Lender, and each Related Party of any of the foregoing Persons
(each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and
related expenses, including the fees, charges and disbursements of any counsel
for any Indemnitee, incurred by or asserted against any Indemnitee arising out
of, in connection with, or as a result of (i) the execution or delivery of this
Agreement or any agreement or instrument contemplated hereby, the performance
by the parties hereto of their respective obligations hereunder or the
consummation of the Transactions or any other transactions contemplated hereby,
(ii) any

 

 64

Loan or Letter of Credit or the use of the proceeds therefrom
(including any refusal by an Issuing Bank to honor a demand for payment under a
Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (iii) any actual
or alleged presence or release of Hazardous Materials on or from any property
owned or operated by the Company or any of its Subsidiaries, or any
Environmental Liability related in any way to the Company or any of its
Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory and regardless of whether any Indemnitee is
a party thereto or whether brought by any third party or by you or any of your
Affiliates; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the
gross negligence or willful misconduct of such Indemnitee.

(c) To the extent that the Company fails to pay any
amount required to be paid by it to the Administrative Agent, any Issuing Bank
or the Swingline Lender under paragraph (a) or (b) of this Section, each Lender
severally agrees to pay to the Administrative Agent, such Issuing Bank or the
Swingline Lender, as the case may be, such Lender’s Applicable Percentage
(determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) of such unpaid amount; provided that the
unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against the
Administrative Agent, such Issuing Bank or the Swingline Lender in its capacity
as such.

(d) To the extent permitted by applicable law, no
Borrower shall assert, and each Borrower hereby waives, any claim against any
Indemnitee, on any theory of liability, for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or
instrument contemplated hereby, the Transactions, any Loan or Letter of Credit
or the use of the proceeds thereof.

(e) All amounts due under this Section shall be
payable promptly after written demand therefor.

SECTION 10.04. Successors
and Assigns. (a) The provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of any Issuing Bank that
issues any Letter of Credit), except that neither the Company nor any other
Borrower may assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by any Borrower without such consent shall be null and
void).  Nothing in this Agreement, expressed
or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby
(including any Affiliate of any Issuing Bank that issues Letters of Credit)
and, to the extent expressly contemplated hereby, the Related Parties of each
of the Administrative 

 65
 

Agent, the Issuing Banks
and the Lenders) any legal or equitable right, remedy or claim under or by
reason of this Agreement.

(b) Any Lender may assign to one or more assignees all
or a portion of its rights and obligations under this Agreement (including all
or a portion of its Commitment and the Loans at the time owing to it); provided
that (i) except in the case of an assignment by a Lender to a Lender Affiliate
of such Lender, the Administrative Agent, each Issuing Bank and the Swingline
Lender must give their prior written consent to such assignment (which consent
shall not be unreasonably withheld), (ii) except in the case of an assignment
to a Lender or a Lender Affiliate, the Company must give its prior written
consent to such assignment (which consent shall not be unreasonably withheld),
(iii) except in the case of an assignment to a Lender or a Lender Affiliate or
an assignment of the entire remaining amount of the assigning Lender’s
Commitment, the amount of the Commitment of the assigning Lender subject to
each such assignment (determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent) shall
not be less than $5,000,000 unless each of the Company and the Administrative
Agent otherwise consent, (iv) each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and
obligations under this Agreement, (v) the parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500, and (vi) the
assignee, if it shall not be a Lender, shall deliver to the Administrative Agent
an Administrative Questionnaire; and provided further that any consent
of the Company otherwise required under this paragraph shall not be required if
an Event of Default has occurred and is continuing.  Subject to acceptance and recording thereof
pursuant to paragraph (d) of this Section, from and after the effective date
specified in each Assignment and Assumption the assignee thereunder shall be a
party hereto and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Lender under this Agreement,
and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Assumption, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption covering
all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to
the benefits of Sections 2.15, 2.16, 2.17 and 10.03).  Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this
paragraph shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with paragraph
(c) of this Section.

(c) The Administrative Agent, acting for this purpose
as an agent of each Borrower, shall maintain at one of its offices in The City
of New York a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the
Commitment of, and principal amount of the Loans and LC Disbursements owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”).
The entries in the Register shall be conclusive, and the Borrowers, the
Administrative Agent, the Issuing Banks and the Lenders may treat each Person
whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary.  The  

 66
 

Register shall be available for inspection by each Borrower,
any Issuing Bank and any Lender, at any reasonable time and from time to time
upon reasonable prior notice.

(d) Upon its receipt of a duly completed Assignment
and Assumption executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire (unless the assignee shall already be a
Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section and any written consent to such assignment required by
paragraph (b) of this Section, the Administrative Agent shall accept such
Assignment and Assumption and record the information contained therein in the
Register.  No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this paragraph.

(e) Any
Lender may, without the consent of any Borrower, the Administrative Agent, any
Issuing Bank or the Swingline Lender, sell participations to one or more banks
or other entities (a “Participant”) in all or a portion of such Lender’s
rights and/or obligations under this Agreement (including all or a portion of
its Commitment and the Loans owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of
such obligations and (iii) the Borrowers, the Administrative Agent, the Issuing
Banks and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this
Agreement.  Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such
Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided
that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, modification or
waiver described in the first proviso to Section 10.02(b) that affects such
Participant. Subject to paragraph (f) of this Section, each Borrower agrees
that each Participant shall be entitled to the benefits of Sections 2.15, 2.16
and 2.17 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to paragraph (b) of this Section.  To the extent permitted by law and if prior
written notice of the sale of the participation to the Participant is provided
to the Company, each Participant also shall be entitled to the benefits of
Section 10.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.18(c) as though it were a Lender.

(f) A Participant shall not be entitled to receive any
greater payment under Section 2.15 or 2.17 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such
Participant, unless the sale of the participation to such Participant is made
with the Company’s prior written consent. 
A Participant that would be a Foreign Lender if it were a Lender shall
not be entitled to the benefits of Section 2.17 unless the Company is notified
of the participation sold to such Participant and such Participant agrees, for
the benefit of the Company, to comply with Section 2.17(e) as though it were a
Lender.

 67
 

(g) Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement to
secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank, and this Section shall not apply to any
such pledge or assignment of a security interest; provided that no such
pledge or assignment of a security interest shall release a Lender from any of
its obligations hereunder or substitute any such pledgee or assignee for such
Lender as a party hereto.

SECTION 10.05. Survival.  All covenants, agreements, representations
and warranties made by the Borrowers herein and in the certificates or other
instruments delivered in connection with or pursuant to this Agreement shall be
considered to have been relied upon by the other parties hereto and shall
survive the execution and delivery of this Agreement and the making of any
Loans and issuance of any Letters of Credit, regardless of any investigation
made by any such other party or on its behalf and notwithstanding that the
Administrative Agent, any Issuing Bank or any Lender may have had notice or
knowledge of any Default or incorrect representation or warranty at the time
any credit is extended hereunder, and shall continue in full force and effect
as long as the principal of or any accrued interest on any Loan or any fee, LC
Disbursement or any other amount payable under this Agreement is outstanding
and unpaid or any Letter of Credit is outstanding and so long as the
Commitments have not expired or terminated. 
The provisions of Sections 2.15, 2.16, 2.17 and 10.03 and Article VIII
shall survive and remain in full force and effect regardless of the
consummation of the transactions contemplated hereby, the repayment of the
Loans, the expiration or termination of the Letters of Credit and the
Commitments or the termination of this Agreement or any provision hereof.

SECTION 10.06. Counterparts;
Integration; Effectiveness. This Agreement may be executed in counterparts
(and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall
constitute a single contract.  This
Agreement and any separate letter agreements with respect to fees payable to
the Administrative Agent constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter
hereof. Except as provided in Section 4.01, this Agreement shall become
effective when it shall have been executed by the Administrative Agent and when
the Administrative Agent shall have received counterparts hereof that, when
taken together, bear the signatures of each of the other parties hereto, and
thereafter shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns. 
Delivery of an executed counterpart of a signature page of this
Agreement by facsimile or other electronic image scan transmission shall be
effective as delivery of a manually executed counterpart of this Agreement.

SECTION 10.07. Severability.  Any provision of this Agreement held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof; and the 

 68
 

invalidity of a
particular provision in a particular jurisdiction shall not invalidate such
provision in any other jurisdiction.

SECTION 10.08. Right
of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender and each of its Affiliates is hereby authorized at any time and
from time to time, to the fullest extent permitted by law, to set off and apply
any and all deposits (general or special, time or demand, provisional or final)
at any time held and other obligations at any time owing by such Lender or
Affiliate to or for the credit or the account of any Credit Party against any
of and all the obligations of such Credit Party now or hereafter existing under
this Agreement held by such Lender, irrespective of whether or not such Lender
shall have made any demand under this Agreement and although such obligations
may be unmatured.  The rights of each
Lender under this Section are in addition to other rights and remedies
(including other rights of setoff) which such Lender may have.

SECTION 10.09. Governing Law; Jurisdiction; Consent
to Service of Process. (a) This Agreement shall be construed in accordance
with and governed by the law of the State of New York.

(b) Each Credit Party hereby irrevocably and unconditionally
submits, for itself and its property, to the nonexclusive jurisdiction of the
Supreme Court of the State of New York sitting in New York County and of the
United States District Court of the Southern District of New York, and any
appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement or for recognition or enforcement of any judgment,
and each of the parties hereto hereby irrevocably and unconditionally agrees
that all claims in respect of any such action or proceeding may be heard and
determined in such New York State or, to the extent permitted by law, in such
Federal court. Each of the parties hereto agrees that a final judgment in any
such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by
law.  Nothing in this Agreement shall
affect any right that the Administrative Agent, any Issuing Bank or any Lender
may otherwise have to bring any action or proceeding relating to this Agreement
against any Borrower or its properties in the courts of any jurisdiction.

(c) Each Borrower hereby irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively do
so, any objection which it may now or hereafter have to the laying of venue of
any suit, action or proceeding arising out of or relating to this Agreement in
any court referred to in paragraph (b) of this Section.  Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court.

(d) Each party to this Agreement irrevocably consents
to service of process in the manner provided for notices in Section 10.01.  Nothing in this Agreement will affect the
right of any party to this Agreement to serve process in any other manner
permitted by law.

 69
 

SECTION
10.10. WAIVER OF JURY TRIAL.  EACH
PARTY HERETO HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER
PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

SECTION 10.11. Headings.  Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of
this Agreement and shall not affect the construction of, or be taken into
consideration in interpreting, this Agreement.

SECTION 10.12. Confidentiality.
(a) Each of the Administrative Agent, the Issuing Banks and the Lenders agrees
to maintain the confidentiality of the Information (as defined below), except
that Information may be disclosed (i) to its and its Affiliates’ directors,
officers, employees and agents, including accountants, legal counsel and other
advisors (it being understood that the Persons to whom such disclosure is made
will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (ii) to the extent requested by any
bank regulatory authority, (iii) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process (but only after giving
prompt written notice to the Company, to the extent permitted by law, of any
such requirement or request so that the Company may seek a protective order or
other appropriate remedy and/or waive compliance with this Section), (iv) to
any other party to this Agreement, (v) in connection with the exercise of any
remedies hereunder or any suit, action or proceeding relating the enforcement
of rights hereunder, (vi) subject to an agreement containing provisions
substantially the same as those of this Section, to any assignee of or
Participant in, or any prospective assignee of or Participant in, any of its
rights or obligations under this Agreement, (vii) with the consent of the
Company or (viii) to the extent such Information (A) becomes publicly available
other than as a result of a breach of this Section or (B) becomes available to
the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential
basis from a source other than the Company. 
For the purposes of this Section, “Information” means all
information received from the Company relating to the Company or its business,
other than any such information that is available to the Administrative Agent,
any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure
by the Company; provided that, in the case of information received from
the Company after the date hereof, such information is clearly identified at
the time of delivery as confidential. Any Person required to maintain the confidentiality
of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of
care to maintain the 

 70
 

confidentiality of such
Information as such Person would accord to its own confidential information.

(b) Each Lender acknowledges that Information
furnished to it pursuant to this Agreement may include material non-public
information concerning the Company and its Related Parties or the Company’s
securities, and confirms that it has developed compliance procedures regarding
the use of material non-public information and that it will handle such
material non-public information in accordance with those procedures and
applicable law, including Federal and state securities laws.

(c) All information, including requests for waivers
and amendments, furnished by any Borrower or the Administrative Agent pursuant
to, or in the course of administering, this Agreement will be syndicate-level
information, which may contain material non-public information about the
Company and its Related Parties or the Company’s securities.  Accordingly, each Lender represents to the
Company and the Administrative Agent that it has identified in its
Administrative Questionnaire a credit contact who may receive information that
may contain material non-public information in accordance with its compliance
procedures and applicable law, including Federal and state securities laws.

SECTION 10.13. Interest
Rate Limitation. Notwithstanding anything herein to the contrary, if at any
time the interest rate applicable to any Loan, together with all fees, charges
and other amounts which are treated as interest on such Loan under applicable
law (collectively the “Charges”), shall exceed the maximum lawful rate
(the “Maximum Rate”) which may be contracted for, charged, taken,
received or reserved by the Lender holding such Loan in accordance with
applicable law, the rate of interest payable in respect of such Loan hereunder,
together with all Charges payable in respect thereof, shall be limited to the
Maximum Rate and, to the extent lawful, the interest and Charges that would
have been payable in respect of such Loan but were not payable as a result of the
operation of this Section shall be cumulated and the interest and Charges
payable to such Lender in respect of other Loans or periods shall be increased
(but not above the Maximum Rate therefor) until such cumulated amount, together
with interest thereon at the Federal Funds Effective Rate to the date of
repayment, shall have been received by such Lender.

SECTION 10.14. Conversion of Currencies. (a)
If, for the purpose of obtaining judgment in any court, it is necessary to
convert a sum owing hereunder in one currency into another currency, each party
hereto (including any Borrowing Subsidiary) agrees, to the fullest extent that
it may effectively do so, that the rate of exchange used shall be that at which
in accordance with normal banking procedures in the relevant jurisdiction the
first currency could be purchased with such other currency on the Business Day
immediately preceding the day on which final judgment is given.

(b) The
obligations of each Borrower in respect of any sum due to any party hereto or
any holder of the obligations owing hereunder (the “Applicable Creditor”)
shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than the currency in which such sum is stated to be due hereunder (the “Agreement

 71
 

Currency”),
be discharged only to the extent that, on the Business Day following receipt by
the Applicable Creditor of any sum adjudged to be so due in the Judgment
Currency, the Applicable Creditor may in accordance with normal banking
procedures in the relevant jurisdiction purchase the Agreement Currency with
the Judgment Currency; if the amount of the Agreement Currency so purchased is
less than the sum originally due to the Applicable Creditor in the Agreement
Currency, such Borrower agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify the Applicable Creditor against such loss.  The obligations of the Borrowers contained in
this Section shall survive the termination of this Agreement and the payment of
all other amounts owing hereunder.

SECTION 10.15. USA Patriot Act. Each Lender
hereby notifies the Borrowers that pursuant to the requirements of the USA
Patriot Act, it is required to obtain, verify and record information that
identifies the Borrowers, which information includes the name and address of
the Borrowers and other information that will allow such Lender to identify the
Borrowers in accordance with the USA Patriot Act.

SECTION 10.16. No
Fiduciary Relationship. Each Borrower, on behalf of itself and its
Subsidiaries, agrees that in connection with all aspects of the transactions
contemplated hereby and any communications in connection therewith, the
Borrowers, their Subsidiaries and their Affiliates, on the one hand, and the
Administrative Agent, the Lenders, the Issuing Banks and their Affiliates, on
the other hand, will have a business relationship that does not create, by
implication or otherwise, any fiduciary duty on the part of the Administrative
Agent, any Lender, any Issuing Bank or any of their Affiliates, and no such duty
will be deemed to have arisen in connection with any such transactions or
communications.

[The
remainder of this page has been left blank intentionally]

 72

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

	
  

  	
  AGILENT TECHNOLOGIES, INC.

  
	
  

  	
  by

  	
  /s/ HILLIARD C. TERRY, III

  
	
   

  	
   

  	
  Name: Hilliard C. Terry, III

  Title: Vice President, Treasurer

  
	
  

  	
  JPMORGAN
  CHASE BANK, N.A.,

  individually and as Administrative Agent, 

  Swingline Lender and an Issuing Bank,

  
	
  

  	
  by

  	
  /s/ WILLIAM P. RINDFUSS

  
	
   

  	
   

  	
  Name: William P. Rindfuss

  Title:  Vice President

  

 

 73
 

SIGNATURE PAGE TO

SIGNATURE PAGE TO 

AGILENT TECHNOLOGIES, INC.

FIVE-YEAR CREDIT AGREEMENT

	
  

  	
  CITIBANK, N.A.:

  
	
  

  	
  by

  	
  /s/ JAMES M. WALSH

  
	
   

  	
   

  	
  Name: James M. Walsh

  Title: Managing Director

  
	
  

  	
  For any Lender that
  requires a second signature line:

  
	
  

  	
  by

  	
   

  
	
   

  	
   

  	
  Name: 

  Title: 

  

 

 74
 

SIGNATURE PAGE TO 

AGILENT TECHNOLOGIES, INC.

FIVE-YEAR CREDIT AGREEMENT

	
  

  	
  Name of Institution: Bank of America. N.A.

  
	
  

  	
  by

  	
  /s/ FRED L. THORNE

  
	
   

  	
   

  	
  Name: Fred L. Thorne

  Title: Managing Director

  
	
  

  	
  For any Lender that requires a second
  signature line:

  
	
  

  	
  by

  	
   

  
	
   

  	
   

  	
  Name: 

  Title: 

  

 

 75
 

SIGNATURE PAGE TO 

AGILENT TECHNOLOGIES, INC. 

FIVE-YEAR CREDIT
AGREEMENT

	
  

  	
  Name of Institution: CREDIT SUISSE, Cayman Islands
  Branch

  
	
  

  	
  by

  	
  /s/ RIANKA MOHAN

  
	
   

  	
   

  	
  Name: Rianka Mohan

  Title: Vice President

  
	
  

  	
  For any Lender that
  requires a second signature line:

  
	
  

  	
  by

  	
  /s/ JAMES NEIRA

  
	
   

  	
   

  	
  Name: James Neira

  Title: Associate

  

 

 76
 

SIGNATURE PAGE TO 

AGILENT TECHNOLOGIES, INC. 

FIVE-YEAR CREDIT
AGREEMENT

	
  

  	
  Name of Institution: Standard Chartered Bank

  
	
  

  	
  by

  	
  /s/ JAMES P. HUGHES

  
	
   

  	
   

  	
  Name: James P. Hughes

  
	
   

  	
   

  	
  Title: Vice President

  
	
  

  	
  For any Lender that
  requires a second signature line:

  
	
  

  	
  by

  	
  /s/ MARIA L. GARCIA

  
	
   

  	
   

  	
  Name: Maria L. Garcia

  Title: Credit Documentation Officer

  

 

 77Exhibit
4.1

Execution Copy

MIRANT AMERICAS
GENERATION, LLC

TO

WELLS FARGO BANK,
NATIONAL ASSOCIATION,

SUCCESSOR
INDENTURE TRUSTEE

SEVENTH
SUPPLEMENTAL INDENTURE

DATED AS OF
JANUARY 3, 2006

TO INDENTURE

DATED AS OF MAY 1,
2001

TABLE OF CONTENTS

	
  ARTICLE I AMENDMENTS TO LONG-TERM NOTE
  SUPPLEMENTAL INDENTURES

  	
   

  	
  2

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Section 1.01

  	
   

  	
  New Definitions in Long-term Note Supplemental
  Indentures

  	
   

  	
  2

  
	
  Section 1.02

  	
   

  	
  Addition of Debt Covenant

  	
   

  	
  5

  
	
  Section 1.03

  	
   

  	
  New Upstream Payments Provision

  	
   

  	
  5

  
	
  Section 1.04

  	
   

  	
  Effective Time

  	
   

  	
  5

  
	
  Section 1.05

  	
   

  	
  Enforcement of New Provisions

  	
   

  	
  5

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE II
  MISCELLANEOUS PROVISIONS

  	
   

  	
  5

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Section 2.01

  	
   

  	
  Recitals By Company

  	
   

  	
  5

  
	
  Section 2.02

  	
   

  	
  Ratification And Incorporation

  	
   

  	
  5

  
	
  Section 2.03

  	
   

  	
  Executed In Counterparts

  	
   

  	
  6

  
	
  Section 2.04

  	
   

  	
  GOVERNING LAW

  	
   

  	
  6

  

 

 i

THIS SEVENTH SUPPLEMENTAL INDENTURE dated as of January 3, 2006 (the “Seventh
Supplemental Indenture”), between MIRANT AMERICAS GENERATION, LLC, a Delaware
limited liability company, formerly known as Mirant Americas Generation, Inc.,
having its principal office at 1155 Perimeter Center West, Atlanta, Georgia
30338 (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national
banking association, having its principal corporate trust office at MAC #
N9303-120 Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, as
successor indenture trustee (the “Successor Indenture Trustee”).

W
I T N E S S E T H :

WHEREAS, the Company has heretofore entered into an
Indenture, dated as of May 1, 2001 (the “Original Indenture”), with Bankers
Trust Company, as indenture trustee (the “Original Indenture Trustee”);

WHEREAS, the Company and the Original Indenture
Trustee have heretofore entered into a Second Supplemental Indenture dated as
of May 1, 2001 (the “Second Supplemental Indenture”) pursuant to which the
Company issued $850,000,000 aggregate principal amount of 8.3% Senior Notes due
2011 (the “2011 Notes”);

WHEREAS, the Company and the Original Indenture
Trustee have heretofore entered into a Third Supplemental Indenture dated as of
May 1, 2001 (the “Third Supplemental Indenture”) pursuant to which the Company
issued $400,000,000 aggregate principal amount of 9.125% Senior Notes due 2031
(the “2031 Notes”);

WHEREAS, the Company and the Original Indenture
Trustee have heretofore entered into a Fifth Supplemental Indenture dated as of
October 9, 2001 (the “Fifth Supplemental Indenture,” and together with the
Second Supplemental Indenture and the Third Supplemental Indenture, the
“Long-term Note Supplemental Indentures”) pursuant to which the Company issued
$450,000,000 aggregate principal amount of 8.5% Senior Notes due 2021 (the
“2021 Notes,” and together with the 2011 Notes and the 2031 Notes, the
“Long-term Notes”);

WHEREAS, the Company and the Original Indenture
Trustee have heretofore entered into a Sixth Supplemental Indenture dated as of
November 1, 2001 to reflect the conversion of the Company from a Delaware
corporation to a Delaware limited liability company;

WHEREAS, the Successor Indenture Trustee is the
successor to the Original Indenture Trustee, as indenture trustee under the
Original Indenture and the Long-term Note Supplemental Indentures;

WHEREAS, the Company desires to add new covenants to
the Long-term Note Supplemental Indentures for the benefit of the holders of
the Long-term Notes as contemplated by the Second Amended Joint Chapter 11 Plan
of Reorganization for Mirant Corporation and its Affiliated Debtors, dated
September 30, 2005, In re Mirant Corporation, et al., No. 03-46590 (as amended,
modified or waived from time to time, the “Plan”) and as provided for by the
Order

 1
 

Confirming the Second Amended Joint Chapter 11 Plan of
Reorganization for Mirant Corporation and its Affiliated Debtors, dated
December 9, 2005 and Section 901(2) of the Original Indenture;

WHEREAS, the Company warrants that all conditions
necessary to authorize the execution and delivery of this Seventh Supplemental
Indenture and to make it a valid and binding obligation of the Company have
occurred or been performed.

NOW, THEREFORE, in consideration of the agreements and
obligations set forth herein and for other good and valuable consideration, the
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as
follows:

ARTICLE I

AMENDMENTS TO LONG-TERM NOTE SUPPLEMENTAL INDENTURES

Section 1.01           New Definitions in Long-term Note
Supplemental Indentures.  The
following definitions shall be incorporated into, and be made a part of,
Section 102 of each Long-term Note Supplemental Indenture:

“2011 Notes” has the meaning
assigned to such term in the Second Supplemental Indenture.

“Exit
Facility” means (i) the credit facility evidenced by the credit facility
agreement dated on or about the date of the Seventh Supplemental Indenture
among Mirant North America, LLC, as borrower, JPMorgan Chase Bank, N.A., as administrative
agent, and Deutsche Bank Securities Inc. and Goldman Sachs Credit Partners
L.P., as co-syndication agents, as the same may be amended, supplemented or
revised from time to time, and (ii) any credit facility indenture, notes or
other financing arrangement entered into in connection with a refinancing or
replacement thereof.

“MIRMA”
means Mirant Mid-Atlantic, LLC, a Delaware limited liability company, formerly
known as Southern Energy Mid-Atlantic, LLC.

“MIRMA
Facility Lease Documents” means collectively: 
(i) the Participation Agreement, dated as of December 18, 2000, between
Morgantown OL1 LLC, as owner lessor, MIRMA, as facility lessee, Wilmington
Trust Company, as owner manager, SEMA OP1 LLC and State Street Bank and Trust
Company of Connecticut, National Association, as lease indenture trustee and
pass through trustee; (ii) the Participation Agreement, dated as of December
18, 2000, between Morgantown OL2 LLC, as owner lessor, MIRMA, as facility
lessee, Wilmington Trust Company, as owner manager, SEMA OP2 LLC and State
Street Bank and Trust Company of Connecticut, National Association, as lease
indenture trustee and pass through trustee; (iii) the Participation Agreement,
dated as of December 18, 2000, between Morgantown OL3 LLC, as owner lessor,
MIRMA, as facility lessee, Wilmington Trust Company, as owner manager, SEMA OP3
LLC and

 2
 

State
Street Bank and Trust Company of Connecticut, National Association, as lease
indenture trustee and pass through trustee; (iv) the Participation Agreement,
dated as of December 18, 2000, between Morgantown OL4 LLC, as owner lessor,
MIRMA, as facility lessee, Wilmington Trust Company, as owner manager, SEMA OP4
LLC and State Street Bank and Trust Company of Connecticut, National
Association, as lease indenture trustee and pass through trustee;  (v) the Participation Agreement, dated as of
December 18, 2000, between Morgantown OL5 LLC, as owner lessor, MIRMA, as
facility lessee, Wilmington Trust Company, as owner manager, SEMA OP5 LLC and
State Street Bank and Trust Company of Connecticut, National Association, as
lease indenture trustee and pass through trustee; (vi) the Participation
Agreement, dated as of December 18, 2000, between Morgantown OL6 LLC, as owner
lessor, MIRMA, as facility lessee, Wilmington Trust Company, as owner manager,
SEMA OP6 LLC and State Street Bank and Trust Company of Connecticut, National
Association, as lease indenture trustee and pass through trustee; (vii) the
Participation Agreement, dated as of December 18, 2000, between Morgantown OL7
LLC, as owner lessor, MIRMA, as facility lessee, Wilmington Trust Company, as
owner manager, SEMA OP7 LLC and State Street Bank and Trust Company of
Connecticut, National Association, as lease indenture trustee and pass through
trustee; (viii) the Participation Agreement, dated as of December 18, 2000,
between Dickerson OL1 LLC, as owner lessor, MIRMA, as facility lessee,
Wilmington Trust Company, as owner manager, SEMA OP3 LLC and State Street Bank
and Trust Company of Connecticut, National Association, as lease indenture
trustee and pass through trustee; (ix) the Participation Agreement, dated as of
December 18, 2000, between Dickerson OL2 LLC, as owner lessor, MIRMA, as
facility lessee, Wilmington Trust Company, as owner manager, SEMA OP6 LLC and
State Street Bank and Trust Company of Connecticut, National Association, as
lease indenture trustee and pass through trustee; (x) the Participation
Agreement, dated as of December 18, 2000, between Dickerson OL3 LLC, as owner
lessor, MIRMA, as facility lessee, Wilmington Trust Company, as owner manager,
SEMA OP7 LLC and State Street Bank and Trust Company of Connecticut, National
Association, as lease indenture trustee and pass through trustee; and (xi) the
Participation Agreement, dated as of December 18, 2000, between Dickerson OL4
LLC, as owner lessor, MIRMA, as facility lessee, Wilmington Trust Company, as
owner manager, SEMA OP8 LLC and State Street Bank and Trust Company of
Connecticut, National Association, as lease indenture trustee and pass through
trustee, in each case as the same may be amended, supplemented revised or
replaced from time to time.

“Net Debt/EBITDA Ratio”
means, as of the date being measured, the ratio of (i) Net Indebtedness as of
the last day of the most recently completed four fiscal quarters for which
financial statements have been delivered by the Company in accordance with
either (a) the Exchange Act or (b) Section 1005 of the Original Indenture, to
(ii) the Section 111(d) EBITDA of the Company and its consolidated Subsidiaries
for the most recently completed four fiscal quarters for which financial
statements have been delivered by the Company in accordance with either (a) the
Exchange Act or (b) Section 1005 of the Original Indenture.

 3
 

“Net
Indebtedness” means, at any time, the aggregate principal amount of
Indebtedness of the Company and its consolidated Subsidiaries outstanding at
such time less (i) cash, cash equivalents and similar investments held by such
Person, and (ii) broker, counterparty, and customer margin/collateral assets
and deposits advanced to or held on behalf of such broker, counterparty or
customer, as each of the foregoing items described in clauses (i) and (ii)
appears on the consolidated balance sheet of the Company and its consolidated
Subsidiaries, as either cash or accounts receivable.

“Section 111(d) EBITDA”
means, for any period, with reference to the Company’s consolidated financial
statements:  (i) income from continuing
operations before income taxes and minority interest; plus (ii) depreciation
and amortization; plus (iii) interest expense on Indebtedness; provided,
however that the amounts referred to in (i), (ii) and (iii) above for a
consolidated Subsidiary of the Company will not be included to the extent that
such Subsidiary is prohibited from making distributions or dividends as of the
date of determination (unless such prohibition arises solely from the
requirement under the MIRMA Facility Lease Documents that MIRMA and its
Subsidiaries deliver financial statements for the most recently completed fiscal
year or fiscal quarter, as the case may be, and the date of determination is
less than 90 or 60 days, as the case may be, from the end of such fiscal year
or fiscal quarter).  “Section 111(d)
EBITDA” shall not include the effect of: 
(A) gains or losses on sales or dispositions of assets; (B)
non-recurring items (including, for the avoidance of doubt, restructuring
expenses); or (C) non-cash expenses and non-cash gains or losses, including as
a result of agreements being marked to market and the effects of “fresh start”
accounting under SOP 90-7, but shall include cash payments and receipts from
and in respect of such agreements.

“Section 111(d) Permitted
Indebtedness” means (i) Indebtedness existing on the date of the Seventh
Supplemental Indenture, (ii) Indebtedness incurred for working capital
purposes, (iii) Indebtedness in respect of letters of credit, surety bonds or
performance bonds or guarantees issued in the ordinary course of business, (iv)
Subordinated Indebtedness, (v) with respect to MIRMA and its Subsidiaries, any
and all Indebtedness other than Indebtedness prohibited by, or incurred in
violation of, the MIRMA Facility Lease Documents, (vi) Indebtedness arising
under or permitted by the Exit Facility (excluding (A) “Subordinated Debt” as defined
in connection with the Exit Facility and (B) intercompany loans not made in the
ordinary course of business), (vii) Indebtedness of the Company that is pari
passu with the obligations under the Original Indenture and Long-term Note
Supplemental Indentures, in an amount not to exceed $200,000,000 in the
aggregate, and (viii) Indebtedness incurred in exchange for, or the net
proceeds of which are used to refund, refinance or replace, Indebtedness
permitted to be incurred pursuant to clauses (i) to (vii) above PROVIDED that
the principal amount of the refinancing Indebtedness shall not exceed the
principal amount of the Indebtedness refinanced plus a reasonable premium in
connection with such refinancing and FURTHER PROVIDED that in addition to any
unused portion of the $250,000,000 Permitted Pari Passu Debt (as defined in
connection with, and

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as permitted under the terms of, the Exit Facility) with
respect to any refinancing of the 2011 Notes, Subsidiaries of the Company may
incur only up to $250,000,000 of Indebtedness pursuant to this clause (viii).

Section
1.02           Addition of Debt
Covenant.  The following provision
shall be added to Section 111 (Debt Incurrence Test) in each Long-term Note
Supplemental Indenture.

(d) The Company shall not incur, and shall not cause or
permit any of its Subsidiaries to incur, Indebtedness for borrowed money other
than Section 111(d) Permitted Indebtedness unless the Net Debt/EBITDA Ratio is
less than or equal to 6.75:1, based on the most recent financial statements
delivered by the Company in accordance with either (i) the Exchange Act or (ii)
Section 1005 of the Original Indenture.

Section
1.03           New Upstream Payments
Provision.  The following provision
shall be inserted into each Long-term Note Supplemental Indenture.

Section 112            Upstream
Payments.  If there is any
Indebtedness owing by the Company or any of its Subsidiaries to any direct or
indirect parent of the Company, such amounts shall be repaid prior to the
Company making any dividend or other distribution.

Section 1.04           Effective Time.  Each of the provisions for the Long-term
Supplemental Indentures set forth above shall take effect from the date of this
Seventh Supplemental Indenture.

Section
1.05           Enforcement of New
Provisions.  The provisions for the
Long-term Note Supplemental Indentures set forth above shall apply equally with
all of the other rights and privileges under the Long-term Note Supplemental
Indentures and the Original Indenture with respect to the Long-term Notes, and
the Successor Indenture Trustee shall have the full power to enforce the same
with the same force and effect as all other provisions in the Original
Indenture and Long-term Note Supplemental Indentures; provided, however, that
the Successor Indenture Trustee shall have no obligation to monitor compliance
with any of the covenants set forth above.

ARTICLE II

MISCELLANEOUS PROVISIONS

Section 2.01           Recitals By Company.  The recitals in this Seventh Supplemental
Indenture are made by the Company only and not by the Successor Indenture
Trustee, and all of the provisions contained in the Original Indenture and the
Long-term Note Supplemental Indentures in respect of the rights, privileges,
immunities, powers and duties of the Successor Indenture Trustee shall be
applicable in respect of this Seventh Supplemental Indenture as fully and with
like effect as if set forth herein in full.

Section 2.02           Ratification
And Incorporation.  Other than as amended and supplemented
hereby, each Long-term Note Supplemental Indenture, and
the Original Indenture,

 5
 

is in all
respects ratified and confirmed, and the Original Indenture, as supplemented by
each of the Long-term Note Supplemental Indentures and this Seventh
Supplemental Indenture, shall be read, taken and construed as one and the same
instrument.

Section 2.03           Executed
In Counterparts.  This Seventh
Supplemental Indenture may be simultaneously executed in several counterparts,
each of which shall be deemed to be an original, and such counterparts shall
together constitute but one and the same instrument.

Section 2.04           GOVERNING
LAW.  THIS SEVENTH SUPPLEMENTAL
INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK.

 6

IN WITNESS WHEREOF, each party hereto has caused this
instrument to be signed in its name and behalf by its duly authorized officers,
all as of the day and year first above written.

	
   

  	
  MIRANT AMERICAS GENERATION, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL

  
	
   

  	
  ASSOCIATION, as Successor Indenture

  
	
   

  	
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  Name:

  
	
   

  	
  Title:

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