Document:

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                                                                  EXHIBIT 10.2

                           364-DAY CREDIT AGREEMENT

                          Dated as of April 18, 2002

               LAFARGE NORTH AMERICA INC., a Maryland corporation (the
"Company"), the Significant Subsidiaries of the Company listed on the
signature pages hereof (the Company and each such Significant Subsidiary, an
"Initial Borrower" and collectively, the "Initial Borrowers"), the banks,
financial institutions and other institutional lenders (the "Initial Lenders")
listed on the signature pages hereof, WACHOVIA BANK, NATIONAL ASSOCIATION, as
syndication agent, SALOMON SMITH BARNEY INC. and FIRST UNION SECURITIES, INC,
as joint lead arrangers and joint bookrunners, and CITIBANK, N.A.
("Citibank"), as administrative agent (the "Agent") for the Lenders (as
hereinafter defined), agree as follows:

                                  ARTICLE I

                       DEFINITIONS AND ACCOUNTING TERMS

               SECTION 1.01. Certain Defined Terms. As used in this Agreement,
the following terms shall have the following meanings (such meanings to be
equally applicable to both the singular and plural forms of the terms
defined):

               "Advance" means a Revolving Credit Advance or a Competitive Bid
        Advance.

               "Affiliate" means, as to any Person, any other Person that,
        directly or indirectly, controls, is controlled by or is under common
        control with such Person or is a director or officer of such Person.
        For purposes of this definition, the term "control" (including the
        terms "controlling", "controlled by" and "under common control with")
        of a Person means the possession, direct or indirect, of the power to
        vote 10% or more of the Voting Stock of such Person or to direct or
        cause the direction of the management and policies of such Person,
        whether through the ownership of Voting Stock, by contract or
        otherwise.

               "Agent's Account" means the account of the Agent maintained by
        the Agent at Citibank at its office at 388 Greenwich Street, New York,
        New York 10013, Account No. 36852248, Attention:  Bank Loan
        Syndications.

               "Applicable Lending Office" means, with respect to each Lender,
        such Lender's Domestic Lending Office in the case of a Base Rate
        Advance and such Lender's Eurodollar Lending Office in the case of a
        Eurodollar Rate Advance and, in the case of a Competitive Bid Advance,
        the office of such Lender notified by such Lender to the Agent as its
        Applicable Lending Office with respect to such Competitive Bid
        Advance.

               "Applicable Margin" means (a) for Base Rate Advances, 0% per
        annum and (b) for Eurodollar Rate Advances, as of any date, a
        percentage per annum determined by reference to the Public Debt Rating
        in effect on such date as set forth below:

<TABLE>
<CAPTION>
               -----------------------------------------------------------------------
                                        Applicable Margin for  Applicable Margin for
                                           Eurodollar Rate        Eurodollar Rate
                                        Advances Prior to the  Advances On and After
                  Public Debt Rating     Term Loan Conversion      the Term Loan
                     S&P/Moody's                 Date             Conversion Date
               -----------------------------------------------------------------------
<S>                                    <C>                    <C>
               Level 1
               -------
               A- or A3 or above                0.445%                 1.000%
               -----------------------------------------------------------------------
               Level 2
               -------
               BBB+ or Baa1                     0.525%                 1.000%
               -----------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<S>                                    <C>                    <C>
               -----------------------------------------------------------------------
               Level 3
               -------
               Less than Level 2                0.750%                 1.000%
               -----------------------------------------------------------------------
</TABLE>

               "Applicable Percentage" means, as of any date prior to the Term
        Loan Conversion Date, a percentage per annum determined by reference
        to the Public Debt Rating in effect on such date as set forth below:

<TABLE>
<CAPTION>
                      --------------------------------------------------
                          Public Debt Rating           Applicable
                             S&P/Moody's               Percentage
                      --------------------------------------------------
<S>                                                <C>
                      Level 1
                      -------
                      A- or A3 or above                 0.080%
                      --------------------------------------------------
                      Level 2
                      -------
                      BBB+ or Baa1                      0.100%
                      --------------------------------------------------
                      Level 3
                      -------
                      Less than Level 2                 0.125%
                      --------------------------------------------------
</TABLE>

               "Applicable Utilization Fee" means, as of any date prior to the
        Term Loan Conversion Date that the aggregate Advances exceed 25% of
        the aggregate Commitments, a percentage per annum determined by
        reference to the Public Debt Rating in effect on such date as set
        forth below:

<TABLE>
<CAPTION>
                      --------------------------------------------------
                         Public Debt Rating           Applicable
                            S&P/Moody's             Utilization Fee
                      --------------------------------------------------
<S>                                                 <C>
                      Level 1
                      -------
                      A- or A3 or above                 0.100%
                      --------------------------------------------------
                      Level 2
                      -------
                      BBB+ or Baa1                      0.125%
                      --------------------------------------------------
                      Level 3
                      -------
                      Less than Level 2                 0.125%
                      --------------------------------------------------
</TABLE>

               "Assignment and Acceptance" means an assignment and acceptance
        entered into by a Lender and an Eligible Assignee, and accepted by the
        Agent, in substantially the form of Exhibit C hereto.

               "Base Rate" means a fluctuating interest rate per annum in
        effect from time to time, which rate per annum shall at all times be
        equal to the highest of:

                      (a)    the rate of interest announced publicly by
               Citibank in New York, New York, from time to time, as
               Citibank's base rate;

                      (b)    the sum (adjusted to the nearest 1/4 of 1% or, if
               there is no nearest 1/4 of 1%, to the next higher 1/4 of 1%) of
               (i) 1/2 of 1% per annum, plus (ii) the rate obtained by
               dividing (A) the latest three-week moving average of secondary
               market morning offering rates in the United States for
               three-month certificates of deposit of major United States
               money market banks, such three-week moving average (adjusted to
               the basis of a year of 360 days) being determined weekly on
               each Monday (or, if such day is not a Business Day, on the next
               succeeding Business Day) for the three-week period ending on
               the previous Friday by Citibank on the basis of such rates
               reported by certificate of deposit dealers to and published by
               the Federal Reserve Bank of New York or, if such publication
               shall be suspended or terminated, on the basis of quotations
               for such rates received by Citibank from three New York
               certificate of deposit dealers of recognized standing

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               selected by Citibank, by (B) a percentage equal to 100% minus
               the average of the daily percentages specified during such
               three-week period by the Board of Governors of the Federal
               Reserve System (or any successor) for determining the maximum
               reserve requirement (including, but not limited to, any
               emergency, supplemental or other marginal reserve requirement)
               for Citibank with respect to liabilities consisting of or
               including (among other liabilities) three-month U.S. dollar
               non-personal time deposits in the United States, plus (iii) the
               average during such three-week period of the annual assessment
               rates estimated by Citibank for determining the then current
               annual assessment payable by Citibank to the Federal Deposit
               Insurance Corporation (or any successor) for insuring U.S.
               dollar deposits of Citibank in the United States; and

                      (c)    1/2 of one percent per annum above the Federal
               Funds Rate.

               "Base Rate Advance" means a Revolving Credit Advance that bears
        interest as provided in Section 2.07(a)(i).

               "Borrower" means each Initial Borrower and each Designated
        Subsidiary that shall become a party to this Agreement pursuant to
        Section 9.08.

               "Borrowing" means a Revolving Credit Borrowing or a Competitive
        Bid Borrowing.

               "Business Day" means a day of the year on which banks are not
        required or authorized by law to close in New York City and, if the
        applicable Business Day relates to any Eurodollar Rate Advances or
        LIBO Rate Advances, on which dealings are carried on in the London
        interbank market.

               "Commitment" means as to any Lender (a) the amount set forth
        opposite such Lender's name on the signature pages hereof, or (b) if
        such Lender has entered into any Assignment and Acceptance, the amount
        set forth for such Lender in the Register maintained by the Agent
        pursuant to Section 9.07(d), as such amount may be reduced pursuant to
        Section 2.05.

               "Competitive Bid Advance" means an advance by a Lender to any
        Borrower as part of a Competitive Bid Borrowing resulting from the
        competitive bidding procedure described in Section 2.03 and refers to
        a Fixed Rate Advance or a LIBO Rate Advance.

               "Competitive Bid Borrowing" means a borrowing consisting of
        simultaneous Competitive Bid Advances from each of the Lenders whose
        offer to make one or more Competitive Bid Advances as part of such
        borrowing has been accepted under the competitive bidding procedure
        described in Section 2.03.

               "Competitive Bid Note" means a promissory note of a Borrower
        payable to the order of any Lender, in substantially the form of
        Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to
        such Lender resulting from a Competitive Bid Advance made by such
        Lender.

               "Competitive Bid Reduction" has the meaning specified in
        Section 2.01.

               "Confidential Information" means confidential or proprietary
        information that any Borrower furnishes to the Agent or any Lender,
        but does not include any such information that is or becomes generally
        available to the public or that is or becomes available to the Agent
        or such Lender from a source other than any Borrower that, to the
        knowledge of the Agent or such Lender, is subject to a confidentiality
        arrangement with such Borrower.

               "Consolidated" refers to the consolidation of accounts in
        accordance with GAAP.

               "Convert", "Conversion" and "Converted" each refers to a
        conversion of Revolving Credit Advances of one Type into Revolving
        Credit Advances of the other Type pursuant to Section 2.08 or 2.09.

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               "Debt" of any Person means, without duplication, (a) all
        indebtedness of such Person for borrowed money, (b) all obligations of
        such Person for the deferred purchase price of property or services
        (other than trade payables incurred in the ordinary course of such
        Person's business), (c) all obligations of such Person evidenced by
        notes, bonds, debentures or other similar instruments, (d) all
        obligations of such Person as lessee under leases that have been or
        should be, in accordance with GAAP, recorded as capital leases, (e)
        all obligations, contingent or otherwise, of such Person in respect of
        acceptances, letters of credit or similar extensions of credit, (f)
        all Synthetic Lease Liabilities of such Person, (g) all Invested
        Amounts, (h) all Debt of others referred to in clauses (a) through (f)
        above or clause (h) below guaranteed by such Person, or in effect
        guaranteed by such Person and (i) all Debt referred to in clauses (a)
        through (h) above secured by (or for which the holder of such Debt has
        an existing right, contingent or otherwise, to be secured by) any Lien
        on property (including, without limitation, accounts and contract
        rights) owned by such Person, even though such Person has not assumed
        or become liable for the payment of such Debt, which Debt, in the case
        of this clause (i) shall be deemed not to exceed the fair market value
        of such encumbered property.

               "Default" means any Event of Default or any event that would
        constitute an Event of Default but for the requirement that notice be
        given or time elapse or both.

               "Designated Subsidiary" means any Subsidiary designated after
        the date of this Agreement for borrowing privileges hereunder pursuant
        to Section 9.08.

               "Designation Letter" means a letter entered into by a
        Designated Subsidiary, the Company and the Agent, in substantially the
        form of Exhibit E hereto, pursuant to which such Designated Subsidiary
        shall become a Borrower hereunder in accordance with Section 9.08.

               "Disclosed Litigation" has the meaning specified in Section
        3.01(b).

               "Domestic Lending Office" means, with respect to any Lender,
        the office of such Lender specified as its "Domestic Lending Office"
        opposite its name on Schedule I hereto or in the Assignment and
        Acceptance pursuant to which it became a Lender, or such other office
        of such Lender as such Lender may from time to time specify to the
        Company and the Agent.

               "EBITDA" means, for any period, net income (or net loss) plus
        the sum of (a) interest expense net of interest income, (b) income tax
        expense, (c) depreciation expense, (d) depletion expense and (e)
        amortization expense, in each case determined in accordance with GAAP
        for such period.

               "Effective Date" has the meaning specified in Section 3.01.

               "Eligible Assignee" means (i) a Lender; (ii) an Affiliate of a
        Lender; and (iii) any other Person approved by the Agent and, unless
        an Event of Default has occurred and is continuing at the time any
        assignment is effected in accordance with Section 9.07, the Company,
        such approval not to be unreasonably withheld or delayed; provided,
        however, that neither any Borrower nor an Affiliate of any Borrower
        shall qualify as an Eligible Assignee.

               "Environmental Action" means any action, suit, demand, demand
        letter, claim, notice of non-compliance or violation, notice of
        liability or potential liability, investigation, proceeding, consent
        order or consent agreement relating in any way to any Environmental
        Law, Environmental Permit or Hazardous Materials or arising from
        alleged injury or threat of injury to health, safety or the
        environment, including, without limitation, (a) by any governmental or
        regulatory authority for enforcement, cleanup, removal, response,
        remedial or other actions or damages and (b) by any governmental or
        regulatory authority or any third party for damages, contribution,
        indemnification, cost recovery, compensation or injunctive relief.

               "Environmental Law" means any federal, state, local or foreign
        statute, law, ordinance, rule, regulation, code, order, judgment,
        decree or judicial or agency interpretation, policy or guidance
        relating to

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<PAGE>

        pollution or protection of the environment, health, safety or natural
        resources, including, without limitation, those relating to the use,
        handling, transportation, treatment, storage, disposal, release or
        discharge of Hazardous Materials.

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

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

               "ERISA Affiliate" means any Person that for purposes of Title
        IV of ERISA is a member of the Company's controlled group, or under
        common control with the Company, within the meaning of Section 414 of
        the Internal Revenue Code.

               "ERISA Event" means (a) (i) the occurrence of a reportable
        event, within the meaning of Section 4043 of ERISA, with respect to
        any Plan unless the 30-day notice requirement with respect to such
        event has been waived by the PBGC, or (ii) the requirements of
        subsection (1) of Section 4043(b) of ERISA (without regard to
        subsection (2) of such Section) are met with a contributing sponsor,
        as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event
        described in paragraph (9), (10), (11), (12) or (13) of Section
        4043(c) of ERISA is reasonably expected to occur with respect to such
        Plan within the following 30 days; (b) the application for a minimum
        funding waiver with respect to a Plan; (c) the provision by the
        administrator of any Plan of a notice of intent to terminate such Plan
        pursuant to Section 4041(a)(2) of ERISA (including any such notice
        with respect to a plan amendment referred to in Section 4041(e) of
        ERISA); (d) the cessation of operations at a facility of the Company
        or any ERISA Affiliate in the circumstances described in Section
        4062(e) of ERISA; (e) the withdrawal by the Company or any ERISA
        Affiliate from a Multiple Employer Plan during a plan year for which
        it was a substantial employer, as defined in Section 4001(a)(2) of
        ERISA; (f) the conditions for the imposition of a lien under Section
        302(f) of ERISA shall have been met with respect to any Plan; (g) the
        adoption of an amendment to a Plan requiring the provision of security
        to such Plan pursuant to Section 307 of ERISA; or (h) the institution
        by the PBGC of proceedings to terminate a Plan pursuant to Section
        4042 of ERISA, or the occurrence of any event or condition described
        in Section 4042 of ERISA that constitutes grounds for the termination
        of, or the appointment of a trustee to administer, a Plan.

               "Eurocurrency Liabilities" has the meaning assigned to that
        term in Regulation D of the Board of Governors of the Federal Reserve
        System, as in effect from time to time.

               "Eurodollar Lending Office" means, with respect to any Lender,
        the office of such Lender specified as its "Eurodollar Lending Office"
        opposite its name on Schedule I hereto or in the Assignment and
        Acceptance pursuant to which it became a Lender (or, if no such office
        is specified, its Domestic Lending Office), or such other office of
        such Lender as such Lender may from time to time specify to the
        Company and the Agent.

               "Eurodollar Rate" means, for any Interest Period for each
        Eurodollar Rate Advance comprising part of the same Revolving Credit
        Borrowing, an interest rate per annum equal to the rate per annum
        obtained by dividing (a) the rate per annum (rounded upward to the
        nearest whole multiple of 1/16 of 1% per annum) appearing on Telerate
        Markets Page 3750 (or any successor page) as the London interbank
        offered rate for deposits in U.S. dollars at approximately 11:00 A.M.
        (London time) two Business Days prior to the first day of such
        Interest Period for a term comparable to such Interest Period or, if
        for any reason such rate is not available, the average (rounded upward
        to the nearest whole multiple of 1/16 of 1% per annum, if such average
        is not such a multiple) of the rate per annum at which deposits in
        U.S. dollars are offered by the principal office of each of the
        Reference Banks in London, England to prime banks in the London
        interbank market at 11:00 A.M. (London time) two Business Days before
        the first day of such Interest Period in an amount substantially equal
        to such Reference Bank's Eurodollar Rate Advance comprising part of
        such Revolving Credit Borrowing to be outstanding during such Interest
        Period and for

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        a period equal to such Interest Period by (b) a percentage equal to
        100% minus the Eurodollar Rate Reserve Percentage for such Interest
        Period. If the Telerate Markets Page 3750 (or any successor page) is
        unavailable, the Eurodollar Rate for any Interest Period for each
        Eurodollar Rate Advance comprising part of the same Revolving Credit
        Borrowing shall be determined by the Agent on the basis of applicable
        rates furnished to and received by the Agent from the Reference Banks
        two Business Days before the first day of such Interest Period,
        subject, however, to the provisions of Section 2.08.

               "Eurodollar Rate Advance" means a Revolving Credit Advance that
        bears interest as provided in Section 2.07(a)(ii).

               "Eurodollar Rate Reserve Percentage" for any Interest Period
        for all Eurodollar Rate Advances or LIBO Rate Advances comprising part
        of the same Borrowing means the reserve percentage applicable two
        Business Days before the first day of such Interest Period under
        regulations issued from time to time by the Board of Governors of the
        Federal Reserve System (or any successor) for determining the maximum
        reserve requirement (including, without limitation, any emergency,
        supplemental or other marginal reserve requirement) for a member bank
        of the Federal Reserve System in New York City with respect to
        liabilities or assets consisting of or including Eurocurrency
        Liabilities (or with respect to any other category of liabilities that
        includes deposits by reference to which the interest rate on
        Eurodollar Rate Advances or LIBO Rate Advances is determined) having a
        term equal to such Interest Period.

               "Events of Default" has the meaning specified in Section 6.01.

               "Federal Funds Rate" means, for any period, a fluctuating
        interest rate per annum equal for each day during such period to the
        weighted average of the rates on overnight Federal funds transactions
        with members of the Federal Reserve System arranged by Federal funds
        brokers, as published for such day (or, if such day is not a Business
        Day, for the next preceding 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 of the quotations for such day on such
        transactions received by the Agent from three Federal funds brokers of
        recognized standing selected by it.

               "Fixed Rate Advances" has the meaning specified in Section
        2.03(a)(i).

               "GAAP" has the meaning specified in Section 1.03.

               "Hazardous Materials" means (a) petroleum and petroleum
        products, byproducts or breakdown products, radioactive materials,
        asbestos-containing materials, polychlorinated biphenyls and radon gas
        and (b) any other chemicals, materials or substances designated,
        classified or regulated as hazardous or toxic or as a pollutant or
        contaminant under any Environmental Law.

               "Hedge Agreements" means interest rate swap, cap or collar
        agreements, interest rate future or option contracts, currency swap
        agreements, currency future or option contracts, commodity future or
        option contracts and other similar agreements.

               "Information Memorandum" means the information memorandum dated
        January 29, 2002 used by the Agent in connection with the syndication
        of the Commitments.

               "Interest Period" means, for each Eurodollar Rate Advance
        comprising part of the same Revolving Credit Borrowing and each LIBO
        Rate Advance comprising part of the same Competitive Bid Borrowing,
        the period commencing on the date of such Eurodollar Rate Advance or
        LIBO Rate Advance or the date of the Conversion of any Base Rate
        Advance into such Eurodollar Rate Advance and ending on the last day
        of the period selected by the applicable Borrower pursuant to the
        provisions below and, thereafter, with respect to Eurodollar Rate
        Advances, each subsequent period commencing on the last day of the
        immediately preceding Interest Period and ending on the last day of
        the period selected by the applicable Borrower pursuant to the
        provisions below. The duration of each such Interest Period shall be
        one, two,

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<PAGE>

        three or six months, as the applicable Borrower may, upon notice
        received by the Agent not later than 11:00 A.M. (New York City time)
        on the third Business Day prior to the first day of such Interest
        Period, select; provided, however, that:

                      (i)    a Borrower may not select any Interest Period
               that ends after the Termination Date or, if the Revolving
               Credit Advances have been converted to a term loan pursuant to
               Section 2.06 prior to such selection, that ends after the
               Maturity Date;

                      (ii)   Interest Periods commencing on the same date for
               Eurodollar Rate Advances comprising part of the same Revolving
               Credit Borrowing or for LIBO Rate Advances comprising part of
               the same Competitive Bid Borrowing shall be of the same
               duration;

                      (iii)  whenever the last day of any Interest Period
               would otherwise occur on a day other than a Business Day, the
               last day of such Interest Period shall be extended to occur on
               the next succeeding Business Day, provided, however, that, if
               such extension would cause the last day of such Interest Period
               to occur in the next following calendar month, the last day of
               such Interest Period shall occur on the next preceding Business
               Day; and

                      (iv)   whenever the first day of any Interest Period
               occurs on a day of an initial calendar month for which there is
               no numerically corresponding day in the calendar month that
               succeeds such initial calendar month by the number of months
               equal to the number of months in such Interest Period, such
               Interest Period shall end on the last Business Day of such
               succeeding calendar month.

               "Internal Revenue Code" means the Internal Revenue Code of
        1986, as amended from time to time, and the regulations promulgated
        and rulings issued thereunder.

               "Invested Amounts" means the amounts invested by investors that
        are not Affiliates of the Borrowers in connection with a receivables
        securitization program and paid to the Company or any of its
        Subsidiaries, as reduced by the aggregate amounts received by such
        investors from the payment of receivables and applied to reduce such
        invested amounts.

               "Lenders" means the Initial Lenders and each Person that shall
        become a party hereto pursuant to Section 8.07.

               "LIBO Rate" means, for any Interest Period for all LIBO Rate
        Advances comprising part of the same Competitive Bid Borrowing, an
        interest rate per annum equal to the rate per annum obtained by
        dividing (a) the rate per annum (rounded upward to the nearest whole
        multiple of 1/16 of 1% per annum) appearing on Dow Jones Markets
        Telerate Page 3750 (or any successor page) as the London interbank
        offered rate for deposits in U.S. dollars at approximately 11:00 A.M.
        (London time) two Business Days prior to the first day of such
        Interest Period for a term comparable to such Interest Period or, if
        for any reason such rate is not available, the average (rounded upward
        to the nearest whole multiple of 1/16 of 1% per annum, if such average
        is not such a multiple) of the rate per annum at which deposits in
        U.S. dollars offered by the principal office of each of the Reference
        Banks in London, England to prime banks in the London interbank market
        at 11:00 A.M. (London time) two Business Days before the first day of
        such Interest Period in an amount substantially equal to the amount
        that would be the Reference Banks' respective ratable shares of such
        Borrowing if such Borrowing were to be a Revolving Credit Borrowing to
        be outstanding during such Interest Period and for a period equal to
        such Interest Period by (b) a percentage equal to 100% minus the
        Eurodollar Rate Reserve Percentage for such Interest Period. If the
        Dow Jones Markets Telerate Page 3750 (or any successor page) is
        unavailable, the LIBO Rate for any Interest Period for each LIBO Rate
        Advance comprising part of the same Competitive Bid Borrowing shall be
        determined by the Agent on the basis of applicable rates furnished to
        and received by the Agent from the Reference Banks two Business Days
        before the first day of such Interest Period, subject, however, to the
        provisions of Section 2.08.

                                      7
<PAGE>

               "LIBO Rate Advances" means a Competitive Bid Advance bearing
        interest based on the LIBO Rate.

               "Lien" means any lien, security interest or other charge or
        encumbrance of any kind, or any other type of preferential
        arrangement, including, without limitation, the lien or retained
        security title of a conditional vendor and any easement, right of way
        or other encumbrance on title to real property.

               "Material Adverse Change" means any material adverse change in
        the business, condition (financial or otherwise), results of
        operations, performance, properties or prospects of the Company and
        its Subsidiaries taken as a whole.

               "Material Adverse Effect" means a material adverse effect on
        (a) the business, condition (financial or otherwise), results of
        operations, performance, properties or prospects of the Company and
        its Subsidiaries taken as a whole, (b) the rights and remedies of the
        Agent or any Lender under this Agreement or any Note or (c) the
        ability of any Borrower to perform its obligations under this
        Agreement or any Note.

               "Maturity Date" means the earlier of (a) the first anniversary
        of the Termination Date and (b) the date of termination in whole of
        the aggregate Commitments pursuant to Section 2.05 or 6.01.

               "Moody's" means Moody's Investors Service, Inc.

               "Multiemployer Plan" means a multiemployer plan, as defined in
        Section 4001(a)(3) of ERISA, to which the Company or any ERISA
        Affiliate is making or accruing an obligation to make contributions,
        or has within any of the preceding five plan years made or accrued an
        obligation to make contributions.

               "Multiple Employer Plan" means a single employer plan, as
        defined in Section 4001(a)(15) of ERISA, that (a) is maintained for
        employees of the Company or any ERISA Affiliate and at least one
        Person other than the Company and the ERISA Affiliates or (b) was so
        maintained and in respect of which the Company or any ERISA Affiliate
        could have liability under Section 4064 or 4069 of ERISA in the event
        such plan has been or were to be terminated.

               "Note" means a Revolving Credit Note or a Competitive Bid Note.

               "Notice of Competitive Bid Borrowing" has the meaning specified
        in Section 2.03(a).

               "Notice of Revolving Credit Borrowing" has the meaning
        specified in Section 2.02(a).

               "Obligations" has the meaning specified in Section 7.01.

               "PBGC" means the Pension Benefit Guaranty Corporation (or any
        successor).

               "Permitted Liens" means such of the following as to which no
        enforcement, collection, execution, levy or foreclosure proceeding
        shall have been commenced unless being contested in good faith and for
        which appropriate reserves are being maintained: (a) Liens for taxes,
        assessments and governmental charges or levies to the extent not
        required to be paid under Section 5.01(b) hereof; (b) Liens imposed by
        law, such as materialmen's, mechanics', carriers', workmen's and
        repairmen's Liens and other similar Liens arising in the ordinary
        course of business securing obligations that are not overdue for a
        period of more than 60 days; (c) pledges or deposits to secure
        obligations under workers' compensation laws or similar legislation or
        to secure public or statutory obligations; and (d) easements, rights
        of way and other encumbrances on title to real property that do not
        render title to the property encumbered thereby unmarketable or
        materially adversely affect the use of such property for its present
        purposes.

                                      8
<PAGE>

               "Person" means an individual, partnership, corporation
        (including a business trust), joint stock company, trust,
        unincorporated association, joint venture, limited liability company
        or other entity, or a government or any political subdivision or
        agency thereof.

               "Plan" means a Single Employer Plan or a Multiple Employer
        Plan.

               "Public Debt Rating" means, as of any date, the lowest rating
        that has been most recently announced by either S&P or Moody's, as the
        case may be, for any class of non-credit enhanced long-term senior
        unsecured debt issued by the Company. For purposes of the foregoing,
        (a) if only one of S&P and Moody's shall have in effect a Public Debt
        Rating, the Applicable Margin, the Applicable Percentage and the
        Applicable Utilization Fee shall be determined by reference to the
        available rating; (b) if neither S&P nor Moody's shall have in effect
        a Public Debt Rating, the Applicable Margin, the Applicable Percentage
        and the Applicable Utilization Fee will be set in accordance with
        Level 3 under the definition of "Applicable Margin", "Applicable
        Percentage" or "Applicable Utilization Fee", as the case may be; (c)
        if the ratings established by S&P and Moody's shall fall within
        different levels, the Applicable Margin, the Applicable Percentage and
        the Applicable Utilization Fee shall be based upon the higher rating,
        except that if the lower of such ratings is more than one level below
        the higher of such ratings, the Applicable Margin, the Applicable
        Percentage and the Applicable Utilization Fee shall be based upon the
        level that is one level above the lower rating; (d) if any rating
        established by S&P or Moody's shall be changed, such change shall be
        effective as of the date on which such change is first announced
        publicly by the rating agency making such change; and (e) if S&P or
        Moody's shall change the basis on which ratings are established, each
        reference to the Public Debt Rating announced by S&P or Moody's, as
        the case may be, shall refer to the then equivalent rating by S&P or
        Moody's, as the case may be.

               "Reference Banks" means Citibank, Wachovia Bank, National
        Association and Bank One, NA.

               "Register" has the meaning specified in Section 9.07(d).

               "Required Lenders" means (a) at any time prior to an
        acceleration of the Advances pursuant to Section 6.01, Lenders owed at
        least a majority in interest of the then aggregate unpaid principal
        amount of the Revolving Credit Advances owing to Lenders, or, if no
        such principal amount is then outstanding, Lenders having at least a
        majority in interest of the Commitments or (b) at any time after an
        acceleration of the Advances pursuant to Section 6.01, Lenders owed at
        least a majority in interest of the then aggregate unpaid principal
        amount of the Advances owing to Lenders, or, if no such principal
        amount is then outstanding, Lenders having at least a majority in
        interest of the Commitments.

               "Revolving Credit Advance" means an advance by a Lender to any
        Borrower as part of a Revolving Credit Borrowing and refers to a Base
        Rate Advance or a Eurodollar Rate Advance (each of which shall be a
        "Type" of Revolving Credit Advance).

               "Revolving Credit Borrowing" means a borrowing consisting of
        simultaneous Revolving Credit Advances of the same Type made by each
        of the Lenders pursuant to Section 2.01.

               "Revolving Credit Note" means a promissory note of the
        Borrowers payable to the order of any Lender, delivered pursuant to a
        request made under Section 2.16 in substantially the form of Exhibit
        A-1 hereto, evidencing the aggregate indebtedness of the Borrowers to
        such Lender resulting from the Revolving Credit Advances made by such
        Lender.

               "Significant Subsidiary" means any Subsidiary of the Company or
        group of Subsidiaries of the Company which, in either case, holds or
        owns total assets with a book value in excess of $50,000,000 or has
        annual revenues in excess of $50,000,000.

               "Single Employer Plan" means a single employer plan, as defined
        in Section 4001(a)(15) of ERISA, that (a) is maintained for employees
        of the Company or any ERISA Affiliate and no Person other

                                      9
<PAGE>

        than the Company and the ERISA Affiliates or (b) was so maintained and
        in respect of which the Company or any ERISA Affiliate could have
        liability under Section 4069 of ERISA in the event such plan has been
        or were to be terminated.

               "S&P" means Standard & Poor's, a division of The McGraw-Hill
        Companies, Inc.

               "Subsidiary" of any Person means any corporation, partnership,
        joint venture, limited liability company, trust or estate of which (or
        in which) more than 50% of (a) the issued and outstanding capital
        stock having ordinary voting power to elect a majority of the Board of
        Directors of such corporation (irrespective of whether at the time
        capital stock of any other class or classes of such corporation shall
        or might have voting power upon the occurrence of any contingency),
        (b) the interest in the capital or profits of such limited liability
        company, partnership or joint venture or (c) the beneficial interest
        in such trust or estate is at the time directly or indirectly owned or
        controlled by such Person, by such Person and one or more of its other
        Subsidiaries or by one or more of such Person's other Subsidiaries.

               "Synthetic Lease Liabilities" of a Person means any liability
        under any tax retention operating lease or so-called "synthetic" lease
        transaction, or any obligations arising with respect to any other
        similar transaction which the functional equivalent of or takes the
        place of borrowing but which does not constitute a liability on the
        Consolidated balance sheets of such Person and its Subsidiaries (other
        than leases which do not have an attributable interest component that
        are not leases that have been, or should be, in accordance with GAAP,
        recorded as capital leases).

               "Term Loan Conversion Date" means the Termination Date on which
        all Revolving Credit Advances outstanding on such date are converted
        into a term loan pursuant to Section 2.06.

               "Term Loan Election" has the meaning specified in Section 2.06.

               "Termination Date" means the earlier of April 17, 2003 and the
        date of termination in whole of the Commitments pursuant to Section
        2.05 or 6.01.

               "Voting Stock" means capital stock issued by a corporation, or
        equivalent interests in any other Person, the holders of which are
        ordinarily, in the absence of contingencies, entitled to vote for the
        election of directors (or persons performing similar functions) of
        such Person, even if the right so to vote has been suspended by the
        happening of such a contingency.

               SECTION 1.02. Computation of Time Periods. In this Agreement in
the computation of periods of time from a specified date to a later specified
date, the word "from" means "from and including" and the words "to" and
"until" each mean "to but excluding".

               SECTION 1.03. Accounting Terms. All accounting terms not
specifically defined herein shall be construed in accordance with generally
accepted accounting principles consistent with those applied in the
preparation of the financial statements referred to in Section 4.01(e)
("GAAP").

                                  ARTICLE II

                      AMOUNTS AND TERMS OF THE ADVANCES

               SECTION 2.01. The Revolving Credit Advances. Each Lender
severally agrees, on the terms and conditions hereinafter set forth, to make
Revolving Credit Advances to the Borrowers from time to time on any Business
Day during the period from the Effective Date until the Termination Date in an
aggregate amount not to exceed at any time outstanding such Lender's
Commitment provided that the aggregate amount of the Commitments of the
Lenders shall be deemed used from time to time to the extent of the aggregate
amount of the Competitive Bid Advances then outstanding and such deemed use of
the aggregate amount of the Commitments shall be allocated among the Lenders
ratably according to their respective Commitments (such deemed use of the
aggregate amount of

                                      10
<PAGE>

the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit
Borrowing shall be in an aggregate amount of $10,000,000 or an integral
multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit
Advances of the same Type made on the same day by the Lenders ratably
according to their respective Commitments. Within the limits of each Lender's
Commitment, the Borrowers may borrow under this Section 2.01, prepay pursuant
to Section 2.10 and reborrow under this Section 2.01.

               SECTION 2.02. Making the Revolving Credit Advances. (a) Each
Revolving Credit Borrowing shall be made on notice, given not later than (x)
11:00 A.M. (New York City time) on the third Business Day prior to the date of
the proposed Revolving Credit Borrowing in the case of a Revolving Credit
Borrowing consisting of Eurodollar Rate Advances or (y) 11:00 A.M. (New York
City time) on the date of the proposed Revolving Credit Borrowing in the case
of a Revolving Credit Borrowing consisting of Base Rate Advances, by the
applicable Borrower to the Agent, which shall give to each Lender prompt
notice thereof by telecopier. Each such notice of a Revolving Credit Borrowing
(a "Notice of Revolving Credit Borrowing") shall be by telephone, confirmed
immediately in writing, or telecopier in substantially the form of Exhibit B-1
hereto, specifying therein the requested (i) date of such Revolving Credit
Borrowing, (ii) Type of Advances comprising such Revolving Credit Borrowing,
(iii) aggregate amount of such Revolving Credit Borrowing, and (iv) in the
case of a Revolving Credit Borrowing consisting of Eurodollar Rate Advances,
initial Interest Period for each such Revolving Credit Advance. Each Lender
shall, before 1:00 P.M. (New York City time) on the date of such Revolving
Credit Borrowing make available for the account of its Applicable Lending
Office to the Agent at the Agent's Account, in same day funds, such Lender's
ratable portion of such Revolving Credit Borrowing. After the Agent's receipt
of such funds and upon fulfillment of the applicable conditions set forth in
Article III, the Agent will make such funds available to the applicable
Borrower at the Agent's address referred to in Section 9.02. Each Borrower
hereby authorizes the Company to deliver each Notice of Borrowing on behalf of
such Borrower.

               (b)    Anything in subsection (a) above to the contrary
notwithstanding, (i) a Borrower may not select Eurodollar Rate Advances for
any Revolving Credit Borrowing if the aggregate amount of such Revolving
Credit Borrowing is less than $10,000,000 or if the obligation of the Lenders
to make Eurodollar Rate Advances shall then be suspended pursuant to Section
2.08 or 2.12 and (ii) the Eurodollar Rate Advances may not be outstanding as
part of more than six separate Revolving Credit Borrowings.

               (c)    Each Notice of Revolving Credit Borrowing shall be
irrevocable and binding on the applicable Borrower. In the case of any
Revolving Credit Borrowing that the related Notice of Revolving Credit
Borrowing specifies is to be comprised of Eurodollar Rate Advances, the
Borrowers shall jointly and severally indemnify each Lender against any loss,
cost or expense incurred by such Lender as a result of any failure to fulfill
on or before the date specified in such Notice of Revolving Credit Borrowing
for such Revolving Credit Borrowing the applicable conditions set forth in
Article III, including, without limitation, any loss (including loss of
anticipated profits), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by such Lender to fund the
Revolving Credit Advance to be made by such Lender as part of such Revolving
Credit Borrowing when such Revolving Credit Advance, as a result of such
failure, is not made on such date.

               (d)    Unless the Agent shall have received notice from a
Lender prior to the date of any Revolving Credit Borrowing that such Lender
will not make available to the Agent such Lender's ratable portion of such
Revolving Credit Borrowing, the Agent may assume that such Lender has made
such portion available to the Agent on the date of such Revolving Credit
Borrowing in accordance with subsection (a) of this Section 2.02 and the Agent
may, in reliance upon such assumption, make available to the applicable
Borrower on such date a corresponding amount. If and to the extent that such
Lender shall not have so made such ratable portion available to the Agent,
such Lender and the Borrowers severally agree to repay (and all the Borrowers
jointly and severally agree to repay) to the Agent forthwith on demand such
corresponding amount together with interest thereon, for each day from the
date such amount is made available to the applicable Borrower until the date
such amount is repaid to the Agent, at (i) in the case of the Borrowers, the
interest rate applicable at the time to Revolving Credit Advances comprising
such Revolving Credit Borrowing and (ii) in the case of such Lender, the
Federal Funds Rate. If such Lender shall repay to the Agent such corresponding
amount, such amount so repaid shall constitute such Lender's Revolving Credit
Advance as part of such Revolving Credit Borrowing for purposes of this
Agreement.

               (e)    The failure of any Lender to make the Revolving Credit
Advance to be made by it as part of any Revolving Credit Borrowing shall not
relieve any other Lender of its obligation, if any, hereunder to make its

                                      11
<PAGE>

Revolving Credit Advance on the date of such Revolving Credit Borrowing, but
no Lender shall be responsible for the failure of any other Lender to make the
Revolving Credit Advance to be made by such other Lender on the date of any
Revolving Credit Borrowing.

               SECTION 2.03. The Competitive Bid Advances. (a) Each Lender
severally agrees that the Borrowers may make Competitive Bid Borrowings under
this Section 2.03 from time to time on any Business Day during the period from
the date hereof until the date occurring 30 days prior to the Termination Date
in the manner set forth below; provided that, following the making of each
Competitive Bid Borrowing, the aggregate amount of the Advances then
outstanding shall not exceed the aggregate amount of the Commitments of the
Lenders (computed without regard to any Competitive Bid Reduction).

               (i)    The Company may request on behalf of one or more
        Borrowers a Competitive Bid Borrowing under this Section 2.03 by
        delivering to the Agent, by telecopier, a notice of a Competitive Bid
        Borrowing (a "Notice of Competitive Bid Borrowing"), in substantially
        the form of Exhibit B-2 hereto, specifying therein the requested (v)
        date of such proposed Competitive Bid Borrowing, (w) aggregate amount
        of such proposed Competitive Bid Borrowing, (x) in the case of a
        Competitive Bid Borrowing consisting of LIBO Rate Advances, Interest
        Period, or in the case of a Competitive Bid Borrowing consisting of
        Fixed Rate Advances, maturity date for repayment of each Fixed Rate
        Advance to be made as part of such Competitive Bid Borrowing (which
        maturity date may not be earlier than the date occurring 30 days after
        the date of such Competitive Bid Borrowing or later than the
        Termination Date), (y) interest payment date or dates relating
        thereto, and (z) other terms (if any) to be applicable to such
        Competitive Bid Borrowing, not later than 10:00 A.M. (New York City
        time) (A) at least one Business Day prior to the date of the proposed
        Competitive Bid Borrowing, if the Company shall specify in the Notice
        of Competitive Bid Borrowing that the rates of interest to be offered
        by the Lenders shall be fixed rates per annum (the Advances comprising
        any such Competitive Bid Borrowing being referred to herein as "Fixed
        Rate Advances") and (B) at least four Business Days prior to the date
        of the proposed Competitive Bid Borrowing, if the Company shall
        instead specify in the Notice of Competitive Bid Borrowing that the
        Advances comprising such Competitive Bid Borrowing shall be LIBO Rate
        Advances. Each Notice of Competitive Bid Borrowing shall be
        irrevocable and binding on the Borrowers. The Agent shall in turn
        promptly notify each Lender of each request for a Competitive Bid
        Borrowing received by it from the Company by sending such Lender a
        copy of the related Notice of Competitive Bid Borrowing.

               (ii)   Each Lender may, if, in its sole discretion, it elects
        to do so, irrevocably offer to make one or more Competitive Bid
        Advances to the Borrowers as part of such proposed Competitive Bid
        Borrowing at a rate or rates of interest specified by such Lender in
        its sole discretion, by notifying the Agent (which shall give prompt
        notice thereof to the Company), (A) before 9:30 A.M. (New York City
        time) on the date of such proposed Competitive Bid Borrowing, in the
        case of a Competitive Bid Borrowing consisting of Fixed Rate Advances
        and (B) before 10:00 A.M. (New York City time) three Business Days
        before the date of such proposed Competitive Bid Borrowing, in the
        case of a Competitive Bid Borrowing consisting of LIBO Rate Advances
        of the minimum amount and maximum amount of each Competitive Bid
        Advance which such Lender would be willing to make as part of such
        proposed Competitive Bid Borrowing (which amounts of such proposed
        Competitive Bid may, subject to the proviso to the first sentence of
        this Section 2.03(a), exceed such Lender's Commitment, if any), the
        rate or rates of interest therefor and such Lender's Applicable
        Lending Office with respect to such Competitive Bid Advance; provided
        that if the Agent in its capacity as a Lender shall, in its sole
        discretion, elect to make any such offer, it shall notify the Company
        of such offer at least 30 minutes before the time and on the date on
        which notice of such election is to be given to the Agent, by the
        other Lenders. If any Lender shall elect not to make such an offer,
        such Lender shall so notify the Agent before 10:00 A.M. (New York City
        time), and such Lender shall not be obligated to, and shall not, make
        any Competitive Bid Advance as part of such Competitive Bid Borrowing;
        provided that the failure by any Lender to give such notice shall not
        cause such Lender to be obligated to make any Competitive Bid Advance
        as part of such proposed Competitive Bid Borrowing.

                                      12
<PAGE>

               (iii)  The Company shall, in turn, (A) before 10:30 A.M. (New
        York City time) on the date of such proposed Competitive Bid
        Borrowing, in the case of a Competitive Bid Borrowing consisting of
        Fixed Rate Advances and (B) before 11:00 A.M. (New York City time)
        three Business Days before the date of such proposed Competitive Bid
        Borrowing, in the case of a Competitive Bid Borrowing consisting of
        LIBO Rate Advances, either:

                      (x)    cancel such Competitive Bid Borrowing by giving
               the Agent notice to that effect, or

                      (y)    accept for itself or on behalf of one or more
               Borrowers one or more of the offers made by any Lender or
               Lenders pursuant to paragraph (ii) above, in its sole
               discretion, by giving notice to the Agent of the amount of each
               Competitive Bid Advance (which amount shall be equal to or
               greater than the minimum amount, and equal to or less than the
               maximum amount, notified to the Company by the Agent on behalf
               of such Lender for such Competitive Bid Advance pursuant to
               paragraph (ii) above) to be made by each Lender as part of such
               Competitive Bid Borrowing, and reject any remaining offers made
               by Lenders pursuant to paragraph (ii) above by giving the Agent
               notice to that effect. The Company shall accept the offers made
               by any Lender or Lenders to make Competitive Bid Advances in
               order of the lowest to the highest rates of interest offered by
               such Lenders. If two or more Lenders have offered the same
               interest rate, the amount to be borrowed at such interest rate
               will be allocated among such Lenders in proportion to the
               amount that each such Lender offered at such interest rate.

               (iv)   If the Company notifies the Agent that such Competitive
        Bid Borrowing is cancelled pursuant to paragraph (iii)(x) above, the
        Agent shall give prompt notice thereof to the Lenders and such
        Competitive Bid Borrowing shall not be made.

               (v)    If the Company accepts for itself or on behalf of one or
        more Borrowers one or more of the offers made by any Lender or Lenders
        pursuant to paragraph (iii)(y) above, the Agent shall in turn promptly
        notify (A) each Lender that has made an offer as described in
        paragraph (ii) above, of the date and aggregate amount of such
        Competitive Bid Borrowing and whether or not any offer or offers made
        by such Lender pursuant to paragraph (ii) above have been accepted by
        the Company, (B) each Lender that is to make a Competitive Bid Advance
        as part of such Competitive Bid Borrowing, of the amount of each
        Competitive Bid Advance to be made by such Lender as part of such
        Competitive Bid Borrowing, and (C) each Lender that is to make a
        Competitive Bid Advance as part of such Competitive Bid Borrowing,
        upon receipt, that the Agent has received forms of documents appearing
        to fulfill the applicable conditions set forth in Article III. Each
        Lender that is to make a Competitive Bid Advance as part of such
        Competitive Bid Borrowing shall, before 11:00 A.M. (New York City
        time) on the date of such Competitive Bid Borrowing specified in the
        notice received from the Agent pursuant to clause (A) of the preceding
        sentence or any later time when such Lender shall have received notice
        from the Agent pursuant to clause (C) of the preceding sentence, make
        available for the account of its Applicable Lending Office to the
        Agent at its address referred to in Section 8.02, in same day funds,
        such Lender's portion of such Competitive Bid Borrowing. Upon
        fulfillment of the applicable conditions set forth in Article III and
        promptly after receipt by the Agent of such funds, the Agent will make
        such funds available to the Borrowers at the location specified by the
        Company in its Notice of Competitive Bid Borrowing. Promptly after
        each Competitive Bid Borrowing the Agent will notify each Lender of
        the amount of the Competitive Bid Borrowing, the consequent
        Competitive Bid Reduction and the dates upon which such Competitive
        Bid Reduction commenced and will terminate.

               (vi)   If the Company notifies the Agent that it accepts for
        itself or on behalf of one or more Borrowers one or more of the offers
        made by any Lender or Lenders pursuant to paragraph (iii)(y) above,
        such notice of acceptance shall be irrevocable and binding on the
        Borrowers. The Borrowers shall jointly and severally indemnify each
        Lender against any loss, cost or expense incurred by such Lender as a
        result of any failure to fulfill on or before the date specified in
        the related Notice of Competitive Bid Borrowing for such Competitive
        Bid Borrowing the applicable conditions set forth in Article III,
        including, without

                                      13
<PAGE>

        limitation, any loss (including loss of anticipated profits), cost or
        expense incurred by reason of the liquidation or reemployment of
        deposits or other funds acquired by such Lender to fund the
        Competitive Bid Advance to be made by such Lender as part of such
        Competitive Bid Borrowing when such Competitive Bid Advance, as a
        result of such failure, is not made on such date.

               (b)    Each Competitive Bid Borrowing shall be in an aggregate
amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof
and, following the making of each Competitive Bid Borrowing, the Borrowers
shall be in compliance with the limitation set forth in the proviso to the
first sentence of subsection (a) above.

               (c)    Within the limits and on the conditions set forth in
this Section 2.03, the Borrowers may from time to time borrow under this
Section 2.03, repay or prepay pursuant to subsection (d) below, and reborrow
under this Section 2.03, provided that a Competitive Bid Borrowing shall not
be made within three Business Days of the date of any other Competitive Bid
Borrowing.

               (d)    The Borrowers jointly and severally agree to repay to
the Agent for the account of each Lender that has made a Competitive Bid
Advance, on the maturity date of each Competitive Bid Advance (such maturity
date being that specified by the Company for repayment of such Competitive Bid
Advance in the related Notice of Competitive Bid Borrowing delivered pursuant
to subsection (a)(i) above and provided in the Competitive Bid Note evidencing
such Competitive Bid Advance), the then unpaid principal amount of such
Competitive Bid Advance. The Borrowers shall have no right to prepay any
principal amount of any Competitive Bid Advance unless, and then only on the
terms, specified by the Company for such Competitive Bid Advance in the
related Notice of Competitive Bid Borrowing delivered pursuant to subsection
(a)(i) above and set forth in the Competitive Bid Note evidencing such
Competitive Bid Advance.

               (e)    The Borrowers jointly and severally agree to pay
interest on the unpaid principal amount of each Competitive Bid Advance from
the date of such Competitive Bid Advance to the date the principal amount of
such Competitive Bid Advance is repaid in full, at the rate of interest for
such Competitive Bid Advance specified by the Lender making such Competitive
Bid Advance in its notice with respect thereto delivered pursuant to
subsection (a)(ii) above, payable on the interest payment date or dates
specified by the Company for such Competitive Bid Advance in the related
Notice of Competitive Bid Borrowing delivered pursuant to subsection (a)(i)
above, as provided in the Competitive Bid Note evidencing such Competitive Bid
Advance. Upon the occurrence and during the continuance of an Event of
Default, the Borrowers jointly and severally agree to pay interest on the
amount of unpaid principal of and interest on each Competitive Bid Advance
owing to a Lender, payable in arrears on the date or dates interest is payable
thereon, at a rate per annum equal at all times to 2% per annum above the rate
per annum required to be paid on such Competitive Bid Advance under the terms
of the Competitive Bid Note evidencing such Competitive Bid Advance unless
otherwise agreed in such Competitive Bid Note.

               (f)    The indebtedness of the Borrowers resulting from each
Competitive Bid Advance made to any Borrower as part of a Competitive Bid
Borrowing shall be evidenced by a separate Competitive Bid Note payable to the
order of the Lender making such Competitive Bid Advance.

               SECTION 2.04.  Fees.  (a)  Facility Fee.  The Borrowers jointly
and severally agree to pay to the Agent for the account of each Lender a
facility fee on the aggregate amount of such Lender's Commitment from the
Effective Date in the case of each Initial Lender and from the effective date
specified in the Assignment and Acceptance pursuant to which it became a
Lender in the case of each other Lender until the Termination Date at a rate
per annum equal to the Applicable Percentage in effect from time to time,
payable in arrears quarterly on the last day of each March, June, September
and December, commencing June 30, 2002, and on the Termination Date.

               (b)    Agent's Fees.  The Borrowers jointly and severally agree
to pay to the Agent for its own account such fees as may from time to time be
agreed between the Company and the Agent.

               SECTION 2.05. Termination or Reduction of the Commitments. (a)
Optional. The Company shall have the right, upon at least three Business Days'
notice to the Agent, to terminate in whole or permanently

                                      14
<PAGE>

reduce ratably in part the unused portions of the respective Commitments of
the Lenders, provided that each partial reduction shall be in the aggregate
amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof
and provided further that the aggregate amount of the Commitments of the
Lenders shall not be reduced to an amount that is less than the aggregate
principal amount of the Competitive Bid Advances then outstanding.

               (b)    Mandatory. On the Termination Date, if the Borrowers
have made the Term Loan Election in accordance with Section 2.06 prior to such
date, and from time to time thereafter upon each prepayment of the Revolving
Credit Advances, the Commitments of the Lenders shall be automatically and
permanently reduced on a pro rata basis by an amount equal to the amount by
which (i) the aggregate Commitments immediately prior to such reduction
exceeds (ii) the aggregate unpaid principal amount of all Revolving Credit
Advances outstanding at such time.

               SECTION 2.06. Repayment of Revolving Credit Advances. The
Borrowers jointly and severally agree, subject to the next succeeding
sentence, to repay to the Agent for the ratable account of the Lenders on the
Termination Date the aggregate principal amount of the Revolving Credit
Advances then outstanding. The Company may, upon not less than 15 days' notice
to the Agent, elect (the "Term Loan Election") to convert all of the Revolving
Credit Advances outstanding on the Termination Date in effect at such time
into a term loan which the Borrowers jointly and severally agree to repay in
full ratably to the Lenders on the Maturity Date; provided that the Term Loan
Election may not be exercised if a Default has occurred and is continuing on
the date of notice of the Term Loan Election or on the date on which the Term
Loan Election is to be effected. All Revolving Credit Advances converted into
a term loan pursuant to this Section 2.06 shall continue to constitute
Revolving Credit Advances except that the Borrowers may not reborrow pursuant
to Section 2.01 after all or any portion of such Revolving Credit Advances
have been prepaid pursuant to Section 2.10.

               SECTION 2.07. Interest on Revolving Credit Advances. (a)
Scheduled Interest. The Borrowers jointly and severally agree to pay interest
on the unpaid principal amount of each Revolving Credit Advance owing to each
Lender from the date of such Revolving Credit Advance until such principal
amount shall be paid in full, at the following rates per annum:

               (i)    Base Rate Advances. During such periods as such
        Revolving Credit Advance is a Base Rate Advance, a rate per annum
        equal at all times to the sum of (x) the Base Rate in effect from time
        to time plus (y) the Applicable Margin in effect from time to time
        plus (z) the Applicable Utilization Fee in effect from time to time,
        payable in arrears quarterly on the last day of each March, June,
        September and December during such periods and on the date such Base
        Rate Advance shall be Converted or paid in full.

               (ii)   Eurodollar Rate Advances. During such periods as such
        Revolving Credit Advance is a Eurodollar Rate Advance, a rate per
        annum equal at all times during each Interest Period for such
        Revolving Credit Advance to the sum of (x) the Eurodollar Rate for
        such Interest Period for such Revolving Credit Advance plus (y) the
        Applicable Margin in effect from time to time plus (z) the Applicable
        Utilization Fee in effect from time to time, payable in arrears on the
        last day of such Interest Period and, if such Interest Period has a
        duration of more than three months, on each day that occurs during
        such Interest Period every three months from the first day of such
        Interest Period and on the date such Eurodollar Rate Advance shall be
        Converted or paid in full.

               (b)    Default Interest. Upon the occurrence and during the
continuance of an Event of Default, the Borrowers jointly and severally agree
to pay interest on (i) the unpaid principal amount of each Revolving Credit
Advance owing to each Lender, payable in arrears on the dates referred to in
clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2%
per annum above the rate per annum required to be paid on such Revolving
Credit Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the
fullest extent permitted by law, the amount of any interest, fee or other
amount payable hereunder that is not paid when due, from the date such amount
shall be due until such amount shall be paid in full, payable in arrears on
the date such amount shall be paid in full and on demand, at a rate per annum
equal at all times to 2% per annum above the rate per annum required to be
paid on Base Rate Advances pursuant to clause (a)(i) above.

                                      15
<PAGE>

               SECTION 2.08. Interest Rate Determination. (a) Each Reference
Bank agrees to furnish to the Agent timely information for the purpose of
determining each Eurodollar Rate and each LIBO Rate. If any one or more of the
Reference Banks shall not furnish such timely information to the Agent for the
purpose of determining any such interest rate, the Agent shall determine such
interest rate on the basis of timely information furnished by the remaining
Reference Banks. The Agent shall give prompt notice to the Company and the
Lenders of the applicable interest rate determined by the Agent for purposes
of Section 2.07(a)(i) or (ii), and the rate, if any, furnished by each
Reference Bank for the purpose of determining the interest rate under Section
2.07(a)(ii).

               (b)    If, with respect to any Eurodollar Rate Advances, the
Required Lenders notify the Agent that the Eurodollar Rate for any Interest
Period for such Advances will not adequately reflect the cost to such Required
Lenders of making, funding or maintaining their respective Eurodollar Rate
Advances for such Interest Period, the Agent shall forthwith so notify the
Company and the Lenders, whereupon (i) each Eurodollar Rate Advance will
automatically, on the last day of the then existing Interest Period therefor,
Convert into a Base Rate Advance, and (ii) the obligation of the Lenders to
make, or to Convert Revolving Credit Advances into, Eurodollar Rate Advances
shall be suspended until the Agent shall notify the Company and the Lenders
that the circumstances causing such suspension no longer exist.

               (c)    If the applicable Borrower shall fail to select the
duration of any Interest Period for any Eurodollar Rate Advances in accordance
with the provisions contained in the definition of "Interest Period" in
Section 1.01, the Agent will forthwith so notify such Borrower and the Lenders
and such Advances will automatically, on the last day of the then existing
Interest Period therefor, be Converted into Base Rate Advances.

               (d)    On the date on which the aggregate unpaid principal
amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced,
by payment or prepayment or otherwise, to less than $10,000,000, such Advances
shall automatically Convert into Base Rate Advances.

               (e)    Upon the occurrence and during the continuance of any
Event of Default, (i) each Eurodollar Rate Advance will automatically, on the
last day of the then existing Interest Period therefor, Convert into a Base
Rate Advance and (ii) the obligation of the Lenders to make, or to Convert
Advances into, Eurodollar Rate Advances shall be suspended.

               (f)    If Telerate Markets Page 3750 is unavailable and fewer
than two Reference Banks furnish timely information to the Agent for
determining the Eurodollar Rate or LIBO Rate for any Eurodollar Rate Advances
or LIBO Rate Advances, as the case may be,

               (i)    the Agent shall forthwith notify the Company and the
        Lenders that the interest rate cannot be determined for such
        Eurodollar Rate Advances or LIBO Rate Advances, as the case may be,

               (ii)   with respect to Eurodollar Rate Advances, each such
        Advance will automatically, on the last day of the then existing
        Interest Period therefor, be prepaid by the Borrowers or, at the
        applicable Borrower's option, be automatically Converted into a Base
        Rate Advance (or if such Advance is then a Base Rate Advance, will
        continue as a Base Rate Advance), and

               (iii)  the obligation of the Lenders to make Eurodollar Rate
        Advances or LIBO Rate Advances or to Convert Revolving Credit Advances
        into Eurodollar Rate Advances shall be suspended until the Agent shall
        notify the Company and the Lenders that the circumstances causing such
        suspension no longer exist.

               SECTION 2.09. Optional Conversion of Revolving Credit Advances.
Any Borrower may on any Business Day, upon notice given to the Agent not later
than 11:00 A.M. (New York City time) on the third Business Day prior to the
date of the proposed Conversion and subject to the provisions of Sections 2.08
and 2.12, Convert all Revolving Credit Advances made to it of one Type
comprising the same Borrowing into Revolving Credit Advances of the other
Type; provided, however, that any Conversion of Eurodollar Rate Advances into
Base Rate Advances shall be made only on the last day of an Interest Period
for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into
Eurodollar Rate Advances shall be in an amount not less than the minimum
amount specified in

                                      16
<PAGE>

Section 2.02(b) and no Conversion of any Revolving Credit Advances shall
result in more separate Revolving Credit Borrowings than permitted under
Section 2.02(b). Each such notice of a Conversion shall, within the
restrictions specified above, specify (i) the date of such Conversion, (ii)
the Revolving Credit Advances to be Converted, and (iii) if such Conversion is
into Eurodollar Rate Advances, the duration of the initial Interest Period for
each such Advance. Each notice of Conversion shall be irrevocable and binding
on the applicable Borrower.

               SECTION 2.10. Prepayments of Revolving Credit Advances. The
applicable Borrower may, upon notice at least three Business Days' prior to
the date of such prepayment, in the case of Eurodollar Rate Advances, and not
later than 11:00 A.M. (New York City time) on the date of such prepayment, in
the case of Base Rate Advances, to the Agent stating the proposed date and
aggregate principal amount of the prepayment, and if such notice is given the
Borrowers jointly and severally agree to, prepay the outstanding principal
amount of the Revolving Credit Advances comprising part of the same Revolving
Credit Borrowing in whole or ratably in part, together with accrued interest
to the date of such prepayment on the principal amount prepaid; provided,
however, that (x) each partial prepayment shall be in an aggregate principal
amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof
and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the
Borrowers shall be obligated, jointly and severally, to reimburse the Lenders
in respect thereof pursuant to Section 9.04(c).

               SECTION 2.11. Increased Costs. (a) If, due to either (i) the
introduction of or any change in or in the interpretation of any law or
regulation or (ii) the compliance with any guideline or request from any
central bank or other governmental authority (whether or not having the force
of law), there shall be any increase in the cost to any Lender of agreeing to
make or making, funding or maintaining Eurodollar Rate Advances or LIBO Rate
Advances (excluding for purposes of this Section 2.11 any such increased costs
resulting from (i) Taxes or Other Taxes (as to which Section 2.14 shall
govern) and (ii) changes in the basis of taxation of overall net income or
overall gross income by the United States or by the foreign jurisdiction or
state under the laws of which such Lender is organized or has its Applicable
Lending Office or any political subdivision thereof), then the Borrowers shall
from time to time, upon demand by such Lender (with a copy of such demand to
the Agent), pay to the Agent for the account of such Lender additional amounts
sufficient to compensate such Lender for such increased cost. A certificate as
to the amount of such increased cost, submitted to the Borrowers and the Agent
by such Lender, shall be conclusive and binding for all purposes, absent
manifest error.

               (b)    If any Lender determines that compliance with any law or
regulation or any guideline or request from any central bank or other
governmental authority (whether or not having the force of law) affects or
would affect the amount of capital required or expected to be maintained by
such Lender or any corporation controlling such Lender and that the amount of
such capital is increased by or based upon the existence of such Lender's
commitment to lend hereunder and other commitments of this type, then, upon
demand by such Lender (with a copy of such demand to the Agent), the Borrowers
shall pay to the Agent for the account of such Lender, from time to time as
specified by such Lender, additional amounts sufficient to compensate such
Lender or such corporation in the light of such circumstances, to the extent
that such Lender reasonably determines such increase in capital to be
allocable to the existence of such Lender's commitment to lend hereunder. A
certificate as to such amounts submitted to the Borrowers and the Agent by
such Lender shall be conclusive and binding for all purposes, absent manifest
error.

               SECTION 2.12. Illegality. Notwithstanding any other provision
of this Agreement, if any Lender shall notify the Agent that the introduction
of or any change in or in the interpretation of any law or regulation makes it
unlawful, or any central bank or other governmental authority asserts that it
is unlawful, for any Lender or its Eurodollar Lending Office to perform its
obligations hereunder to make Eurodollar Rate Advances or to fund or maintain
Eurodollar Rate Advances hereunder, (a) each Eurodollar Rate Advance will
automatically, upon such demand, Convert into a Base Rate Advance and (b) the
obligation of the Lenders to make Eurodollar Rate Advances or LIBO Rate
Advances or to Convert Revolving Credit Advances into Eurodollar Rate Advances
shall be suspended until the Agent shall notify the Company and the Lenders
that the circumstances causing such suspension no longer exist.

               SECTION 2.13. Payments and Computations. (a) The Borrowers
shall make each payment hereunder not later than 11:00 A.M. (New York City
time) on the day when due to the Agent at the Agent's Account in same day
funds. The Agent will promptly thereafter cause to be distributed like funds
relating to the payment of

                                      17
<PAGE>

principal or interest or facility fees ratably (other than amounts payable
pursuant to Section 2.03, 2.11, 2.14 or 9.04(c)) to the Lenders for the
account of their respective Applicable Lending Offices, and like funds
relating to the payment of any other amount payable to any Lender to such
Lender for the account of its Applicable Lending Office, in each case to be
applied in accordance with the terms of this Agreement. Upon its acceptance of
an Assignment and Acceptance and recording of the information contained
therein in the Register pursuant to Section 8.07(c), from and after the
effective date specified in such Assignment and Acceptance, the Agent shall
make all payments hereunder and under the Notes in respect of the interest
assigned thereby to the Lender assignee thereunder, and the parties to such
Assignment and Acceptance shall make all appropriate adjustments in such
payments for periods prior to such effective date directly between themselves.

               (b)    The Borrowers hereby authorize each Lender, if and to
the extent payment owed to such Lender is not made when due hereunder or under
the Note held by such Lender, to charge from time to time against any or all
of the Borrowers' accounts with such Lender any amount so due.

               (c)    All computations of interest based on the Base Rate
shall be made by the Agent on the basis of a year of 365 or 366 days, as the
case may be, all computations of interest based on the Eurodollar Rate, the
LIBO Rate or the Federal Funds Rate or in respect of Fixed Rate Advances and
of facility fees shall be made by the Agent on the basis of a year of 360
days, in each case for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such interest or
facility fees are payable. Each determination by the Agent of an interest rate
hereunder shall be conclusive and binding for all purposes, absent manifest
error.

               (d)    Whenever any payment hereunder or under the Notes shall
be stated to be due on a day other than a Business Day, such payment shall be
made on the next succeeding Business Day, and such extension of time shall in
such case be included in the computation of payment of interest or facility
fee, as the case may be; provided, however, that, if such extension would
cause payment of interest on or principal of Eurodollar Rate Advances or LIBO
Rate Advances to be made in the next following calendar month, such payment
shall be made on the next preceding Business Day.

               (e)    Unless the Agent shall have received notice from the
applicable Borrower prior to the date on which any payment is due to the
Lenders hereunder that such Borrower will not make such payment in full, the
Agent may assume that such Borrower has made such payment in full to the Agent
on such date and the Agent may, in reliance upon such assumption, cause to be
distributed to each Lender on such due date an amount equal to the amount then
due such Lender. If and to the extent such Borrower shall not have so made
such payment in full to the Agent, each Lender shall repay to the Agent
forthwith on demand such amount distributed to such Lender together with
interest thereon, for each day from the date such amount is distributed to
such Lender until the date such Lender repays such amount to the Agent, at the
Federal Funds Rate.

               SECTION 2.14. Taxes. (a) Any and all payments by the Borrowers
hereunder or under the Notes shall be made, in accordance with Section 2.13,
free and clear of and without deduction for any and all present or future
taxes, levies, imposts, deductions, charges or withholdings, and all
liabilities with respect thereto, excluding, in the case of each Lender and
the Agent, taxes imposed on its overall net income, and franchise taxes
imposed on it in lieu of net income taxes, by the jurisdiction under the laws
of which such Lender or the Agent (as the case may be) is organized or any
political subdivision thereof and, in the case of each Lender, taxes imposed
on its overall net income, and franchise taxes imposed on it in lieu of net
income taxes, by the jurisdiction of such Lender's Applicable Lending Office
or any political subdivision thereof (all such non-excluded taxes, levies,
imposts, deductions, charges, withholdings and liabilities in respect of
payments hereunder or under the Notes being hereinafter referred to as
"Taxes"). If any Borrower shall be required by law to deduct any Taxes from or
in respect of any sum payable hereunder or under any Note to any Lender or the
Agent, (i) the sum payable shall be increased as may be necessary so that
after making all required deductions (including deductions applicable to
additional sums payable under this Section 2.14) such Lender or the Agent (as
the case may be) receives an amount equal to the sum it would have received
had no such deductions been made, (ii) the applicable Borrower shall make such
deductions and (iii) the applicable Borrower shall pay the full amount
deducted to the relevant taxation authority or other authority in accordance
with applicable law.

                                      18
<PAGE>

               (b)    In addition, the Borrowers shall pay any present or
future stamp or documentary taxes or any other excise or property taxes,
charges or similar levies that arise from any payment made hereunder or under
the Notes or from the execution, delivery or registration of, performing
under, or otherwise with respect to, this Agreement or the Notes (hereinafter
referred to as "Other Taxes").

               (c)    The Borrowers shall jointly and severally indemnify each
Lender and the Agent for and hold it harmless against the full amount of Taxes
or Other Taxes (including, without limitation, taxes of any kind imposed by
any jurisdiction on amounts payable under this Section 2.14) imposed on or
paid by such Lender or the Agent (as the case may be) and any liability
(including penalties, interest and expenses) arising therefrom or with respect
thereto. This indemnification shall be made within 30 days from the date such
Lender or the Agent (as the case may be) makes written demand therefor.

               (d)    Within 30 days after the date of any payment of Taxes,
the applicable Borrower shall furnish to the Agent, at its address referred to
in Section 9.02, the original or a certified copy of a receipt evidencing such
payment. In the case of any payment hereunder or under the Notes by or on
behalf of such Borrower through an account or branch outside the United States
or by or on behalf of such Borrower by a payor that is not a United States
person, if such Borrower determines that no Taxes are payable in respect
thereof, such Borrower shall furnish, or shall cause such payor to furnish, to
the Agent, at such address, an opinion of counsel acceptable to the Agent
stating that such payment is exempt from Taxes. For purposes of this
subsection (d) and subsection (e), the terms "United States" and "United
States person" shall have the meanings specified in Section 7701 of the
Internal Revenue Code.

               (e)    Each Lender organized under the laws of a jurisdiction
outside the United States, on or prior to the date of its execution and
delivery of this Agreement in the case of each Initial Lender and on the date
of the Assumption Agreement or the Assignment and Acceptance pursuant to which
it becomes a Lender in the case of each other Lender, and from time to time
thereafter as requested in writing by the Company (but only so long as such
Lender remains lawfully able to do so), shall provide each of the Agent and
the Company with two original Internal Revenue Service forms W-8BEN or W-8ECI,
as appropriate, or any successor or other form prescribed by the Internal
Revenue Service, certifying that such Lender is exempt from or entitled to a
reduced rate of United States withholding tax on payments pursuant to this
Agreement or the Notes. If the form provided by a Lender at the time such
Lender first becomes a party to this Agreement indicates a United States
interest withholding tax rate in excess of zero, withholding tax at such rate
shall be considered excluded from Taxes unless and until such Lender provides
the appropriate forms certifying that a lesser rate applies, whereupon
withholding tax at such lesser rate only shall be considered excluded from
Taxes for periods governed by such form; provided, however, that, if at the
date of the Assignment and Acceptance pursuant to which a Lender assignee
becomes a party to this Agreement, the Lender assignor was entitled to
payments under subsection (a) in respect of United States withholding tax with
respect to interest paid at such date, then, to such extent, the term Taxes
shall include (in addition to withholding taxes that may be imposed in the
future or other amounts otherwise includable in Taxes) United States
withholding tax, if any, applicable with respect to the Lender assignee on
such date. If any form or document referred to in this subsection (e) requires
the disclosure of information, other than information necessary to compute the
tax payable and information required on the date hereof by Internal Revenue
Service form W-8BEN or W-8ECI, that the Lender reasonably considers to be
confidential, the Lender shall give notice thereof to the Company and shall
not be obligated to include in such form or document such confidential
information.

               (f)    For any period with respect to which a Lender has failed
to provide the Company with the appropriate form described in Section 2.14(e)
(other than if such failure is due to a change in law occurring subsequent to
the date on which a form originally was required to be provided, or if such
form otherwise is not required under subsection (e) above), such Lender shall
not be entitled to indemnification under Section 2.14(a) or (c) with respect
to Taxes imposed by the United States by reason of such failure; provided,
however, that should a Lender become subject to Taxes because of its failure
to deliver a form required hereunder, the Borrowers shall take such steps as
the Lender shall reasonably request to assist the Lender to recover such
Taxes.

               (g)    Any Lender claiming any additional amounts payable
pursuant to this Section 2.14 agrees to use reasonable efforts (consistent
with its internal policy and legal and regulatory restrictions) to change the
jurisdiction of its Eurodollar Lending Office if the making of such a change
would avoid the need for, or reduce the

                                      19
<PAGE>

amount of, any such additional amounts that may thereafter accrue and would
not, in the reasonable judgment of such Lender, be otherwise disadvantageous
to such Lender.

               SECTION 2.15. Sharing of Payments, Etc. If any Lender shall
obtain any payment (whether voluntary, involuntary, through the exercise of
any right of set-off, or otherwise) on account of the Revolving Credit
Advances owing to it (other than pursuant to Section 2.11, 2.14 or 9.04(c)) in
excess of its ratable share of payments on account of the Revolving Credit
Advances obtained by all the Lenders, such Lender shall forthwith purchase
from the other Lenders such participations in the Revolving Credit Advances
owing to them as shall be necessary to cause such purchasing Lender to share
the excess payment ratably with each of them; provided, however, that if all
or any portion of such excess payment is thereafter recovered from such
purchasing Lender, such purchase from each Lender shall be rescinded and such
Lender shall repay to the purchasing Lender the purchase price to the extent
of such recovery together with an amount equal to such Lender's ratable share
(according to the proportion of (i) the amount of such Lender's required
repayment to (ii) the total amount so recovered from the purchasing Lender) of
any interest or other amount paid or payable by the purchasing Lender in
respect of the total amount so recovered. The Borrowers agree that any Lender
so purchasing a participation from another Lender pursuant to this Section
2.15 may, to the fullest extent permitted by law, exercise all its rights of
payment (including the right of set-off) with respect to such participation as
fully as if such Lender were the direct creditor of the Borrowers in the
amount of such participation.

               SECTION 2.16. Evidence of Debt. (a) Each Lender shall maintain
in accordance with its usual practice an account or accounts evidencing the
indebtedness of the Borrowers to such Lender resulting from each Revolving
Credit Advance owing to such Lender from time to time, including the amounts
of principal and interest payable and paid to such Lender from time to time
hereunder in respect of Revolving Credit Advances. The Borrowers agree that
upon notice by any Lender to the Borrowers (with a copy of such notice to the
Agent) to the effect that a Revolving Credit Note is required or appropriate
in order for such Lender to evidence (whether for purposes of pledge,
enforcement or otherwise) the Revolving Credit Advances owing to, or to be
made by, such Lender, the Borrowers shall promptly execute and deliver to such
Lender a Revolving Credit Note payable to the order of such Lender in a
principal amount up to the Commitment of such Lender.

               (b)    The Register maintained by the Agent pursuant to Section
9.07(d) shall include a control account, and a subsidiary account for each
Lender, in which accounts (taken together) shall be recorded (i) the date and
amount of each Borrowing made hereunder, the Type of Advances comprising such
Borrowing and, if appropriate, the Interest Period applicable thereto, (ii)
the terms of each Assignment and Acceptance delivered to and accepted by it,
(iii) the amount of any principal or interest due and payable or to become due
and payable from each Borrower to each Lender hereunder and (iv) the amount of
any sum received by the Agent from each Borrower hereunder and each Lender's
share thereof.

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

               SECTION 2.17. Use of Proceeds. The proceeds of the Advances
shall be available (and the Borrowers agree that they shall use such proceeds)
solely for general corporate purposes of the Borrowers.

                                 ARTICLE III

                   CONDITIONS TO EFFECTIVENESS AND LENDING

               SECTION 3.01. Conditions Precedent to Effectiveness of Sections
2.01 and 2.03. Sections 2.01 and 2.03 of this Agreement shall become effective
on and as of the first date (the "Effective Date") on which the following
conditions precedent have been satisfied:

                                      20
<PAGE>

               (a)    There shall have occurred no Material Adverse Change
        since December 31, 2001.

               (b)    There shall exist no action, suit, investigation,
        litigation or proceeding affecting the Company or any of its
        Subsidiaries pending or threatened before any court, governmental
        agency or arbitrator that (i) could be reasonably likely to have a
        Material Adverse Effect other than the matters described on Schedule
        3.01(b) hereto (the "Disclosed Litigation") or (ii) purports to affect
        the legality, validity or enforceability of this Agreement or any Note
        or the consummation of the transactions contemplated hereby, and there
        shall have been no adverse change in the status, or financial effect
        on the Company or any of its Subsidiaries, of the Disclosed Litigation
        from that described on Schedule 3.01(b) hereto.

               (c)    Nothing shall have come to the attention of the Lenders
        during the course of their due diligence investigation to lead them
        reasonably to believe that the Information Memorandum was or has
        become misleading, incorrect or incomplete in any material respect;
        without limiting the generality of the foregoing, the Lenders shall
        have been given such access to the management, records, books of
        account, contracts and properties of the Company and its Subsidiaries
        as they shall have reasonably requested.

               (d)    All governmental and third party consents and approvals
        necessary in connection with the transactions contemplated hereby
        shall have been obtained (without the imposition of any conditions
        that are not reasonably acceptable to the Lenders) and shall remain in
        effect, and no law or regulation shall be applicable in the reasonable
        judgment of the Lenders that restrains, prevents or imposes materially
        adverse conditions upon the transactions contemplated hereby.

               (e)    The Initial Borrowers shall have notified each Lender
        and the Agent in writing as to the proposed Effective Date.

               (f)    The Initial Borrowers shall have paid all accrued fees
        and expenses of the Agent and the Lenders (including the accrued fees
        and expenses of counsel to the Agent).

               (g)    On the Effective Date, the following statements shall be
        true and the Agent shall have received for the account of each Lender
        a certificate signed by a duly authorized officer of each Initial
        Borrower, dated the Effective Date, stating that:

                      (i)    The representations and warranties contained in
               Section 4.01 are correct on and as of the Effective Date, and

                      (ii)   No event has occurred and is continuing that
               constitutes a Default.

               (h)    The Agent shall have received on or before the Effective
        Date the following, each dated such day, in form and substance
        satisfactory to the Agent and (except for the Revolving Credit Notes)
        in sufficient copies for each Lender:

                      (i)    The Revolving Credit Notes to the order of the
               Lenders to the extent requested by any Lender pursuant to
               Section 2.16.

                      (ii)   Certified copies of the resolutions of the Board
               of Directors of each Initial Borrower approving this Agreement
               and the Notes, and of all documents evidencing other necessary
               corporate action and governmental approvals, if any, with
               respect to this Agreement and the Notes.

                      (iii)  A certificate of the Secretary or an Assistant
               Secretary of each Initial Borrower certifying the names and
               true signatures of the officers of such Borrower authorized to
               sign this Agreement and the Notes and the other documents to be
               delivered hereunder.

                                      21
<PAGE>

                      (iv)   A favorable opinion of Timothy Power, Assistant
               General Counsel for the Company, substantially in the form of
               Exhibit D hereto and as to such other matters as any Lender
               through the Agent may reasonably request.

                      (v)    A favorable opinion of Shearman & Sterling,
               counsel for the Agent, in form and substance satisfactory to
               the Agent.

               (i)    The Borrower shall have terminated the commitments, and
        paid in full all Debt, interest, fees and other amounts outstanding,
        under the Credit Agreement dated as March 5, 2001, as amended, among
        the Company, the lenders parties thereto and Citibank, as agent, and
        under the Credit Agreement dated as of December 8, 1998, as amended,
        among the Company, the lenders parties thereto and The First National
        Bank of Chicago, as administrative agent, and each of the Lenders that
        is a party to such credit facility hereby waives, upon execution of
        this Agreement, the any notice required by said Credit Agreements
        relating to the termination of commitments thereunder.

               SECTION 3.02. Conditions Precedent to the Initial Borrowing of
Each Designated Subsidiary. The obligation of each Lender to make an initial
Revolving Credit Advance to each Designated Subsidiary following its
designation as a Borrower hereunder pursuant to Section 9.08 on the occasion
of the initial Borrowing thereby is subject to the Agent's receipt on or
before the date of such initial Borrowing of each of the following, in form
and substance satisfactory to the Agent and dated such date:

               (a)    The Designation Letter of such Designated Subsidiary, in
        substantially the form of Exhibit E hereto.

               (b)    A Revolving Credit Note of such Designated Subsidiary to
        the extent requested by any Lender pursuant to Section 2.16.

               (c)    A certificate of the Secretary or an Assistant Secretary
        (or person performing similar functions) of such Designated Subsidiary
        certifying (A) appropriate resolutions of the board of directors (or
        persons performing similar functions) of such Designated Subsidiary
        approving this Agreement and its Notes, and all documents evidencing
        other necessary corporate (or equivalent) action and governmental
        approvals, if any, with respect to this Agreement and its Notes
        (copies of which shall be attached thereto), and (B) the names and
        true signatures of the officers of such Designated Subsidiary
        authorized to sign the Designation Letter of such Designated
        Subsidiary and its Notes and the other documents to be delivered by
        such Designated Subsidiary hereunder.

               (d)    A favorable opinion of counsel for such Designated
        Subsidiary reasonably acceptable to the Agent, in substantially the
        form of Exhibit D hereto with modifications appropriate to such
        Designated Subsidiary, and addressing such other matters as any Lender
        through the Agent may reasonably request.

               (e)    Such other documents, opinions and other information as
        any Lender, through the Agent, may reasonably request.

               SECTION 3.03. Conditions Precedent to Each Revolving Credit
Borrowing. The obligation of each Lender to make a Revolving Credit Advance on
the occasion of each Revolving Credit Borrowing shall be subject to the
conditions precedent that the Effective Date shall have occurred and on the
date of such Revolving Credit Borrowing (a) the following statements shall be
true (and each of the giving of the applicable Notice of Revolving Credit
Borrowing and the acceptance by the applicable Borrower of the proceeds of
such Revolving Credit Borrowing shall constitute a representation and warranty
by such Borrower that on the date of such Borrowing such statements are true):

               (i)    the representations and warranties contained in Section
        4.01 (except the representations set forth in the last sentence of
        subsection (e) thereof and in subsection (f)(i) thereof) are correct
        on and as

                                      22
<PAGE>

        of such date, before and after giving effect to such Revolving Credit
        Borrowing and to the application of the proceeds therefrom, as though
        made on and as of such date, and

               (ii)   no event has occurred and is continuing, or would result
        from such Revolving Credit Borrowing or from the application of the
        proceeds therefrom, that constitutes a Default;

and (b) the Agent shall have received such other approvals, opinions or
documents as any Lender through the Agent may reasonably request.

               SECTION 3.04. Conditions Precedent to Each Competitive Bid
Borrowing. The obligation of each Lender that is to make a Competitive Bid
Advance on the occasion of a Competitive Bid Borrowing to make such
Competitive Bid Advance as part of such Competitive Bid Borrowing is subject
to the conditions precedent that (i) the Agent shall have received the written
confirmatory Notice of Competitive Bid Borrowing with respect thereto, (ii) on
or before the date of such Competitive Bid Borrowing, but prior to such
Competitive Bid Borrowing, the Agent shall have received a Competitive Bid
Note payable to the order of such Lender for each of the one or more
Competitive Bid Advances to be made by such Lender as part of such Competitive
Bid Borrowing, in a principal amount equal to the principal amount of the
Competitive Bid Advance to be evidenced thereby and otherwise on such terms as
were agreed to for such Competitive Bid Advance in accordance with Section
2.03, and (iii) on the date of such Competitive Bid Borrowing the following
statements shall be true (and each of the giving of the applicable Notice of
Competitive Bid Borrowing and the acceptance by the applicable Borrower of the
proceeds of such Competitive Bid Borrowing shall constitute a representation
and warranty by such Borrower that on the date of such Competitive Bid
Borrowing such statements are true):

               (a)    the representations and warranties contained in Section
        4.01 are correct on and as of the date of such Competitive Bid
        Borrowing, before and after giving effect to such Competitive Bid
        Borrowing and to the application of the proceeds therefrom, as though
        made on and as of such date,

               (b)    no event has occurred and is continuing, or would result
        from such Competitive Bid Borrowing or from the application of the
        proceeds therefrom, that constitutes a Default, and

               (c)    no event has occurred and no circumstance exists as a
        result of which the information concerning the Borrowers that has been
        provided to the Agent and each Lender by the Borrowers in connection
        herewith would include an untrue statement of a material fact or omit
        to state any material fact or any fact necessary to make the
        statements contained therein, in the light of the circumstances under
        which they were made, not misleading.

               SECTION 3.05. Determinations Under Section 3.01. For purposes
of determining compliance with the conditions specified in Section 3.01, each
Lender shall be deemed to have consented to, approved or accepted or to be
satisfied with each document or other matter required thereunder to be
consented to or approved by or acceptable or satisfactory to the Lenders
unless an officer of the Agent responsible for the transactions contemplated
by this Agreement shall have received notice from such Lender prior to the
date that the Borrowers, by notice to the Lenders, designate as the proposed
Effective Date, specifying its objection thereto. The Agent shall promptly
notify the Lenders of the occurrence of the Effective Date.

                                  ARTICLE IV

                        REPRESENTATIONS AND WARRANTIES

               SECTION 4.01.  Representations and Warranties of the Borrowers.
Each Borrower represents and warrants as follows:

               (a)    Such Borrower is a corporation duly organized, validly
        existing and in good standing under the laws of the state of its
        organization.

                                      23
<PAGE>

               (b)    The execution, delivery and performance by such Borrower
        of this Agreement and the Notes to be delivered by it, and the
        consummation of the transactions contemplated hereby, are within such
        Borrower's corporate powers, have been duly authorized by all
        necessary corporate action, and do not contravene (i) such Borrower's
        charter or by-laws or (ii) law or any contractual restriction binding
        on or affecting such Borrower.

               (c)    No authorization or approval or other action by, and no
        notice to or filing with, any governmental authority or regulatory
        body or any other third party is required for the due execution,
        delivery and performance by such Borrower of this Agreement or the
        Notes to be delivered by it.

               (d)    This Agreement has been, and each of the Notes to be
        delivered by it when delivered hereunder will have been, duly executed
        and delivered by such Borrower. This Agreement is, and each of the
        Notes when delivered hereunder will be, the legal, valid and binding
        obligation of such Borrower enforceable against such Borrower in
        accordance with their respective terms, except as enforceability may
        be limited by bankruptcy, insolvency or similar laws affecting the
        enforcement of creditors' rights generally and by general equitable
        principles.

               (e)    The Consolidated balance sheet of the Company and its
        Subsidiaries as at December 31, 2001, and the related Consolidated
        statements of income and cash flows of the Company and its
        Subsidiaries for the fiscal year then ended, accompanied by an opinion
        of Arthur Andersen LLP, independent public accountants, copies of
        which have been furnished to each Lender, fairly present the
        Consolidated financial condition of the Company and its Subsidiaries
        as at such date and the Consolidated results of the operations of the
        Company and its Subsidiaries for the period ended on such date, all in
        accordance with generally accepted accounting principles consistently
        applied. Since December 31, 2001, there has been no Material Adverse
        Change.

               (f)    There is no pending or threatened action, suit,
        investigation, litigation or proceeding, including, without
        limitation, any Environmental Action, affecting the Company or any of
        its Subsidiaries before any court, governmental agency or arbitrator
        that (i) would be reasonably likely to have a Material Adverse Effect
        (other than the Disclosed Litigation) or (ii) purports to affect the
        legality, validity or enforceability of this Agreement or any Note or
        the consummation of the transactions contemplated hereby, and there
        has been no adverse change in the status, or financial effect on the
        Company or any of its Subsidiaries, of the Disclosed Litigation from
        that described on Schedule 3.01(b) hereto.

               (g)    No information, exhibit or report furnished by the
        Company or any of its Subsidiaries to the Agent or to any Lender in
        connection with the negotiation of, or compliance with, the Loan
        Documents contained any material misstatement of fact or omitted to
        state a material fact or any fact necessary to make the statements
        contained therein not misleading.

               (h)    Each Borrower and its Subsidiaries are in compliance
        with Regulations T, U and X. Margin stock (as defined in Regulation U)
        constitutes less than 25% of the value of those assets of the
        Borrowers and their Subsidiaries which are subject to any limitation
        on sale, pledge, or other restriction hereunder.

               (i)    Neither any Borrower nor any of its Subsidiaries is a
        party to any agreement or instrument or subject to any charter or
        other corporate restriction which could reasonably be expected to have
        a Material Adverse Effect. Neither any Borrower nor any of its
        Subsidiaries is in default in the performance, observance or
        fulfillment of any of the obligations, covenants or conditions
        contained in any agreement to which it is a party, which default could
        reasonably be expected to have a Material Adverse Effect.

               (j)    The Borrowers and their Subsidiaries have complied with
        all applicable statutes, rules, regulations, orders and restrictions
        of any domestic or foreign government or any instrumentality or agency
        thereof having jurisdiction over the conduct of their respective
        businesses or the ownership of their

                                      24
<PAGE>

        respective property, except for any failure to comply with any of the
        foregoing which could not reasonably be expected to have a Material
        Adverse Effect.

               (k)    On the date of this Agreement, the Borrowers and their
        Subsidiaries have good title, free of all Liens other than those
        permitted by Section 5.02(a) to all of the property and assets
        reflected in the Company's most recent consolidated financial
        statements provided to the Agent as owned by the Borrowers and their
        Subsidiaries.

               (l)    Each Borrower and each of its Subsidiaries owns or
        possesses all material patents, trademarks, trade names, service
        marks, copyright, licenses and rights with respect to the foregoing
        necessary for the future conduct of its business, without any known
        material conflict with the rights of others.

               (m)    In the ordinary course of its business, the officers of
        the Company consider the effect of Environmental Laws on the business
        of the Borrowers, in the course of which they identify and evaluate
        potential risks and liabilities accruing to the Borrowers and their
        Subsidiaries due to Environmental Laws. On the basis of this
        consideration, the Company has concluded that Environmental laws
        cannot reasonably be expected to have a Material Adverse Effect.
        Except as disclosed on Schedule 3.01(b) hereto, neither any Borrower
        nor any of its Subsidiaries has received any notice to the effect that
        its operations are not in material compliance with any of the
        requirements of applicable Environmental Laws or are the subject of
        any foreign or domestic, federal, state or local investigation
        evaluating whether any remedial action is needed to respond to a
        release of any toxic or hazardous waste or substance into the
        environment, which non-compliance or remedial action could reasonably
        be expected to have a Material Adverse Effect.

               (n)    Neither any Borrower nor any of its Subsidiaries is an
        "investment company" or a company "controlled" by and "investment
        company" or an "affiliated person" thereof or an "affiliated person"
        of such affiliated person, in each case within the meaning of the
        Investment Company Act of 1940, as amended.

               (o)    Neither any Borrower nor any of its Subsidiaries is a
        "holding company" or a "subsidiary company" of a "holding company", or
        an "affiliate" of a "holding company" or of a "subsidiary company" of
        a "holding company", within the meaning of the Public Utility Holding
        Company Act of 1935, as amended.

                                  ARTICLE V

                                  COVENANTS

               SECTION 5.01.  Affirmative Covenants.  So long as any Advance
shall remain unpaid or any Lender shall have any Commitment hereunder, each
Borrower will:

               (a)    Compliance with Laws, Etc. Comply, and cause each of its
        Subsidiaries to comply, in all material respects, with all applicable
        laws, rules, regulations and orders, such compliance to include,
        without limitation, compliance with ERISA and Environmental Laws,
        which, if violated, could reasonably be expected to have a Material
        Adverse Effect.

               (b)    Payment of Taxes, Etc. Pay and discharge, and cause each
        of its Subsidiaries to pay and discharge, before the same shall become
        delinquent, (i) all taxes, assessments and governmental charges or
        levies imposed upon it or upon its property and (ii) all lawful claims
        that, if unpaid, might by law become a Lien upon its property;
        provided, however, that neither such Borrower nor any of its
        Subsidiaries shall be required to pay or discharge any such tax,
        assessment, charge or claim that is being contested in good faith and
        by proper proceedings and as to which appropriate reserves are being
        maintained, unless and until any Lien resulting therefrom attaches to
        its property and becomes enforceable against its other creditors.

                                      25
<PAGE>

               (c)    Maintenance of Insurance. Maintain, and cause each of
        its Subsidiaries to maintain, insurance with responsible and reputable
        insurance companies or associations in such amounts and covering such
        risks as is usually carried by companies engaged in similar businesses
        and owning similar properties in the same general areas in which such
        Borrower or such Subsidiary operates.

               (d)    Preservation of Corporate Existence, Etc. Preserve and
        maintain, and cause each of its Subsidiaries to preserve and maintain,
        its corporate existence, rights (charter and statutory) and
        franchises; provided, however, that such Borrower and its Subsidiaries
        may consummate any merger or consolidation permitted under Section
        5.02(b) and provided further that neither such Borrower nor any of its
        Subsidiaries shall be required to preserve any right or franchise if
        the Board of Directors of such Borrower or such Subsidiary shall
        determine that the preservation thereof is no longer desirable in the
        conduct of the business of such Borrower or such Subsidiary, as the
        case may be, and that the loss thereof is not disadvantageous in any
        material respect to such Borrower, such Subsidiary or the Lenders.

               (e)    Visitation Rights. At any reasonable time and from time
        to time, permit the Agent or any of the Lenders or any agents or
        representatives thereof, to examine and make copies of and abstracts
        from the records and books of account of, and visit the properties of,
        such Borrower and any of its Subsidiaries, and to discuss the affairs,
        finances and accounts of such Borrower and any of its Subsidiaries
        with any of their officers or directors and with their independent
        certified public accountants.

               (f)    Keeping of Books. Keep, and cause each of its
        Subsidiaries to keep, proper books of record and account, in which
        full and correct entries shall be made of all financial transactions
        and the assets and business of such Borrower and each such Subsidiary
        in accordance with generally accepted accounting principles in effect
        from time to time.

               (g)    Maintenance of Properties, Etc. Maintain and preserve,
        and cause each of its Subsidiaries to maintain and preserve, all of
        its properties that are used or useful in the conduct of its business
        in good working order and condition, ordinary wear and tear excepted.

               (h)    Transactions with Affiliates. Conduct, and cause each of
        its Subsidiaries to conduct, all transactions otherwise permitted
        under this Agreement with any of their Affiliates on terms that are
        fair and reasonable and no less favorable to such Borrower or such
        Subsidiary than it would obtain in a comparable arm's-length
        transaction with a Person not an Affiliate.

               (i)    Conduct of Business. Carry on and conduct its business,
        and cause each of its Subsidiaries to carry on and conduct its
        business, in substantially the same manner and in substantially the
        same fields of enterprise as it is presently conducted or lines of
        business reasonably related thereto.

               (j)    Reporting Requirements.  The Company shall furnish to
        the Lenders:

                      (i)    as soon as available and in any event within 45
               days after the end of each of the first three quarters of each
               fiscal year of the Company, the Consolidated balance sheet of
               the Company and its Subsidiaries as of the end of such quarter
               and Consolidated statements of income and cash flows of the
               Company and its Subsidiaries for the period commencing at the
               end of the previous fiscal year and ending with the end of such
               quarter, duly certified (subject to year-end audit adjustments)
               by the chief financial officer of the Company as having been
               prepared in accordance with generally accepted accounting
               principles and certificates of the chief financial officer of
               the Company as to compliance with the terms of this Agreement
               and setting forth in reasonable detail the calculations
               necessary to demonstrate compliance with Section 5.03, provided
               that in the event of any change in GAAP used in the preparation
               of such financial statements, the Company shall also provide,
               if necessary for the determination of compliance with Section
               5.03, a statement of reconciliation conforming such financial
               statements to GAAP;

                                      26
<PAGE>

                      (ii)   as soon as available and in any event within 90
               days after the end of each fiscal year of the Company, a copy
               of the annual audit report for such year for the Company and
               its Subsidiaries, containing the Consolidated balance sheet of
               the Company and its Subsidiaries as of the end of such fiscal
               year and Consolidated statements of income and cash flows of
               the Company and its Subsidiaries for such fiscal year, in each
               case accompanied by an opinion acceptable to the Required
               Lenders by Arthur Andersen LLP or other independent public
               accountants acceptable to the Required Lenders, provided that
               in the event of any change in GAAP used in the preparation of
               such financial statements, the Company shall also provide, if
               necessary for the determination of compliance with Section
               5.03, a statement of reconciliation conforming such financial
               statements to GAAP;

                      (iii)  as soon as possible and in any event within five
               days after the occurrence of each Default continuing on the
               date of such statement, a statement of the chief financial
               officer of the Company setting forth details of such Default
               and the action that the Borrowers have taken and propose to
               take with respect thereto;

                      (iv)   promptly after the sending or filing thereof,
               copies of all reports that any Borrower sends to any of its
               securityholders, and copies of all reports and registration
               statements that any Borrower or any Subsidiary files with the
               Securities and Exchange Commission or any national securities
               exchange;

                      (v)    promptly after the commencement thereof, notice
               of all actions and proceedings before any court, governmental
               agency or arbitrator affecting the Company or any of its
               Subsidiaries of the type described in Section 4.01(f);

                      (vi)   not later than August 31 of each year, notice of
               all Significant Subsidiaries of the Company determined by
               reference to the Company's financial position as of December 31
               of the immediately preceding calendar year; and

                      (vii)  such other information respecting the Company or
               any of its Subsidiaries as any Lender through the Agent may
               from time to time reasonably request.

        Reports and financial statements required to be delivered by Company
        pursuant to clauses (i), (ii) and (iv) of this subsection (j) shall be
        deemed to have been delivered on the date on which the Company posts
        such reports, or reports containing such financial statements, on its
        website on the Internet at www.lafarge-na.com, at www.sec.gov or at
        such other website identified by the Company in a notice to the Agent
        and the Lenders and that is accessible by the Lenders without charge;
        provided that the Company shall deliver paper copies of such
        information to any Lender promptly upon request of such Lender through
        the Agent and provided further that the Lenders shall be deemed to
        have received the information specified in clauses (i), (ii) and (iv)
        of this subsection (j) on the date (x) such information is posted at
        the website of the Agent identified from time to time by the Agent to
        the Lenders and the Company and (y) such posting is notified to the
        Lenders (it being understood that the Company shall have satisfied the
        timing obligations imposed by those clauses as of the date such
        information is delivered to the Agent).

               (k)    Additional Borrowers. Not later than 30 days after the
        delivery of the notice required to be delivered pursuant to Section
        5.01(j)(vi), designate each Significant Subsidiary that is organized
        under the laws of a jurisdiction in the United States and is not prior
        to such date a Borrower under this Agreement to become a Designated
        Subsidiary in accordance with Section 9.08; provided that Sierra Bay
        Receivables, Inc., a Nevada corporation, shall not be required to
        become a Borrower under this Agreement.

               SECTION 5.02.  Negative Covenants.  So long as any Advance
shall remain unpaid or any Lender shall have any Commitment hereunder, no
Borrower will:

                                      27
<PAGE>

               (a)    Liens, Etc. Create or suffer to exist, or permit any of
        its Subsidiaries to create or suffer to exist, any Lien on or with
        respect to any of its properties, whether now owned or hereafter
        acquired, or assign, or permit any of its Subsidiaries to assign, any
        right to receive income, other than:

                      (i)    Permitted Liens,

                      (ii)   purchase money Liens upon or in any assets
               acquired or held by such Borrower or any Subsidiary in the
               ordinary course of business to secure the purchase price of
               such assets or to secure Debt incurred solely for the purpose
               of financing the acquisition of such assets, or Liens existing
               on such assets at the time of its acquisition (other than any
               such Liens created in contemplation of such acquisition that
               were not incurred to finance the acquisition of such assets) or
               extensions, renewals or replacements of any of the foregoing
               for the same or a lesser amount, provided, however, that no
               such Lien shall extend to or cover any assets of any character
               other than the assets being acquired, and no such extension,
               renewal or replacement shall extend to or cover any assets not
               theretofore subject to the Lien being extended, renewed or
               replaced,

                      (iii)  the Liens existing on the Effective Date and
               described on Schedule 5.02(a) hereto,

                      (iv)   Liens on property of a Person existing at the
               time such Person is merged into or consolidated with such
               Borrower or any Subsidiary of such Borrower or becomes a
               Subsidiary of such Borrower; provided that such Liens were not
               created in contemplation of such merger, consolidation or
               acquisition and do not extend to any assets other than those of
               the Person so merged into or consolidated with such Borrower or
               such Subsidiary or acquired by such Borrower or such
               Subsidiary,

                      (v)    Liens on cash and cash equivalents securing
               obligations under Hedge Agreements, provided that the aggregate
               amount of cash and cash equivalents subject to such Liens shall
               not exceed $5,000,000 at any time outstanding,

                      (vi)   without duplication of clause (ii) above, Liens,
               if any, arising in connection with receivables securitization
               programs, in any aggregate principal amount not to exceed
               $300,000,000 at any time outstanding (for purposes of this
               clause (vi), the "principal amount" of a receivables
               securitization program shall mean the amounts invested by
               investors that are not Affiliates of the Company in connection
               with a receivables securitization program and paid to the
               Company or any of its Subsidiaries, as reduced by the aggregate
               amounts received by such investors from the payment of
               receivables and applied to reduce such invested amounts),

                      (vii)  other Liens securing Debt in an aggregate
               principal amount not to exceed $50,000,000 at any time
               outstanding, and

                      (viii) the replacement, extension or renewal of any Lien
               permitted by clause (ii), (iii) or (iv) above upon or in the
               same property theretofore subject thereto or the replacement,
               extension or renewal (without increase in the amount or change
               in any direct or contingent obligor) of the Debt secured
               thereby.

               (b) Mergers, Etc. Merge or consolidate with or into, or convey,
        transfer, lease or otherwise dispose of (whether in one transaction or
        in a series of transactions) all or substantially all of its assets
        (whether now owned or hereafter acquired) to, any Person, or permit
        any of its Subsidiaries to do so, except that any Subsidiary of the
        Company may merge or consolidate with or into, or dispose of assets
        to, any other Subsidiary of the Company, and except that any
        Subsidiary of the Company may merge into or dispose of assets to the
        Company, provided, in each case, that no Default shall have occurred
        and be continuing at the time of such proposed transaction or would
        result therefrom.

                                      28
<PAGE>

               (c)    Subsidiary Debt.  The Company shall not permit any of
        its Subsidiaries to incur or at any time be liable with respect to any
        Debt or to issue or have outstanding any preferred stock, except:

                      (i)    Debt under this Agreement or any Notes;

                      (ii)   Debt or preferred stock outstanding on the date
               hereof,

                      (iii)  Debt or preferred stock of a Subsidiary issued to
               and held by the Company or a wholly-owned Subsidiary of the
               Company,

                      (iv)   Debt or preferred stock of any corporation
               existing at the time such corporation becomes a Subsidiary of
               the Company and not created in contemplation of such event,

                      (v)    Invested Amounts not to exceed $250,000,000 at
               any time outstanding,

                      (vi)   refinancing, extension, renewal or refunding of
               any Debt or preferred stock permitted by the foregoing clauses
               (ii) though (iv), and

                      (vii)  other Debt or preferred stock in an aggregate
               principal amount not to exceed $250,000,000 at any time
               outstanding.

               (d)    Hedge Agreements. Enter into, or permit any of its
        Subsidiaries to enter into, any Hedge Agreements other than Hedge
        Agreements pursuant to which such Borrower or any Subsidiary has
        hedged its reasonably estimated interest rate, foreign currency or
        commodity exposure.

               SECTION 5.03.  Financial Covenants.  So long as any Advance
shall remain unpaid or any Lender shall have any Commitment hereunder, the
Company will:

               (a)    Leverage Ratio.  Maintain a ratio of Consolidated Debt
        to Consolidated Debt plus shareholders' equity of not greater than
        0.50 : 1.00:

               (b)    Fixed Charge Coverage Ratio. Maintain, as of the last
        day of each fiscal quarter, a ratio of Consolidated EBITDA of the
        Company and its Subsidiaries for the period of four fiscal quarters
        then ended to interest payable on, and amortization of debt discount
        in respect of, all Debt during such period by the Company and its
        Subsidiaries of not less than 3.0 : 1.0.

                                  ARTICLE VI

                              EVENTS OF DEFAULT

               SECTION 6.01.  Events of Default.  If any of the following
events ("Events of Default") shall occur and be continuing:

               (a)    Any Borrower shall fail to pay any principal of any
        Advance when the same becomes due and payable; or any Borrower shall
        fail to pay any interest on any Advance or make any other payment of
        fees or other amounts payable under this Agreement or any Note within
        three Business Days after the same becomes due and payable; or

               (b)    Any representation or warranty made by any Borrower
        herein or by any Borrower (or any of its officers) in connection with
        this Agreement shall prove to have been incorrect in any material
        respect when made; or

                                      29
<PAGE>

               (c)    (i) Any Borrower shall fail to perform or observe any
        term, covenant or agreement contained in Section 5.01(d), (e), (h) or
        (j), 5.02 or 5.03 on its part to be performed or observed, or (ii) any
        Borrower shall fail to perform or observe any other term, covenant or
        agreement contained in this Agreement on its part to be performed or
        observed if such failure shall remain unremedied for 30 days after
        written notice thereof shall have been given to such Borrower by the
        Agent or any Lender; or

               (d)    Any Borrower or any of its Subsidiaries shall fail to
        pay any principal of or premium or interest on any Debt that is
        outstanding in a principal or notional amount of at least $15,000,000
        in the aggregate (but excluding Debt outstanding hereunder) of such
        Borrower or such Subsidiary (as the case may be), when the same
        becomes due and payable (whether by scheduled maturity, required
        prepayment, acceleration, demand or otherwise), and such failure shall
        continue after the applicable grace period, if any, specified in the
        agreement or instrument relating to such Debt; or any other event
        shall occur or condition shall exist under any agreement or instrument
        relating to any such Debt and shall continue after the applicable
        grace period, if any, specified in such agreement or instrument, if
        the effect of such event or condition is to accelerate, or to permit
        the acceleration of, the maturity of such Debt; or any such Debt shall
        be declared to be due and payable, or required to be prepaid or
        redeemed (other than by a regularly scheduled required prepayment or
        redemption), purchased or defeased, or an offer to prepay, redeem,
        purchase or defease such Debt shall be required to be made, in each
        case prior to the stated maturity thereof; or

               (e)    The Company or any of its Significant Subsidiaries shall
        generally not pay its debts as such debts become due, or shall admit
        in writing its inability to pay its debts generally, or shall make a
        general assignment for the benefit of creditors; or any proceeding
        shall be instituted by or against the Company or any of its
        Significant Subsidiaries seeking to adjudicate it a bankrupt or
        insolvent, or seeking liquidation, winding up, reorganization,
        arrangement, adjustment, protection, relief, or composition of it or
        its debts under any law relating to bankruptcy, insolvency or
        reorganization or relief of debtors, or seeking the entry of an order
        for relief or the appointment of a receiver, trustee, custodian or
        other similar official for it or for any substantial part of its
        property and, in the case of any such proceeding instituted against it
        (but not instituted by it), either such proceeding shall remain
        undismissed or unstayed for a period of 60 days, or any of the actions
        sought in such proceeding (including, without limitation, the entry of
        an order for relief against, or the appointment of a receiver,
        trustee, custodian or other similar official for, it or for any
        substantial part of its property) shall occur; or the Company or any
        of its Significant Subsidiaries shall take any corporate action to
        authorize any of the actions set forth above in this subsection (e);
        or

               (f)    Judgments or orders for the payment of money in excess
        of $15,000,000 in the aggregate shall be rendered against any Borrower
        or any of its Subsidiaries and either (i) enforcement proceedings
        shall have been commenced by any creditor upon such judgment or order
        or (ii) there shall be any period of 30 consecutive days during which
        a stay of enforcement of such judgment or order, by reason of a
        pending appeal or otherwise, shall not be in effect; or

               (g)    Lafarge S.A. shall own directly or indirectly 50% or
        less of the outstanding shares of Voting Stock of the Company on a
        fully diluted basis; or the Company shall own directly or indirectly
        50% or less of the outstanding shares of Voting Stock of any Borrower
        on a fully diluted basis; or

               (h)    The Company or any of its ERISA Affiliates shall incur,
        or shall be reasonably likely to incur liability as a result of one or
        more of the following that, individually or in the aggregate, could
        reasonably be likely to have a Material Adverse Effect: (i) the
        occurrence of any ERISA Event; (ii) the partial or complete withdrawal
        of the Company or any of its ERISA Affiliates from a Multiemployer
        Plan; or (iii) the reorganization or termination of a Multiemployer
        Plan;

then, and in any such event, the Agent (i) shall at the request, or may with
the consent, of the Required Lenders, by notice to the Borrowers, declare the
obligation of each Lender to make Advances to be terminated, whereupon the
same shall forthwith terminate, and (ii) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrowers, declare the
Advances, all interest thereon and all other amounts payable under this

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<PAGE>

Agreement to be forthwith due and payable, whereupon the Advances, all such
interest and all such amounts shall become and be forthwith due and payable,
without presentment, demand, protest or further notice of any kind, all of
which are hereby expressly waived by each Borrower; provided, however, that in
the event of an actual or deemed entry of an order for relief with respect to
any Borrower under the Federal Bankruptcy Code, (A) the obligation of each
Lender to make Advances shall automatically be terminated and (B) the
Advances, all such interest and all such amounts shall automatically become
and be due and payable, without presentment, demand, protest or any notice of
any kind, all of which are hereby expressly waived by each Borrower.

                                 ARTICLE VII

                        JOINT AND SEVERAL OBLIGATIONS

               SECTION 7.01. Obligations Joint and Several. (a) Each Borrower
hereby absolutely, unconditionally and irrevocably agrees that all obligations
of any Borrower hereunder, now or hereafter existing under or in respect of
this Agreement and the Notes (including, without limitation, any extensions,
modifications, substitutions, amendments or renewals of any or all of the
foregoing obligations), whether direct or indirect, absolute or contingent,
and whether for principal, interest, premiums, fees, indemnities, contract
causes of action, costs, expenses or otherwise (all such obligations, the
"Obligations"), shall be joint and several obligations of all the Borrowers,
and agrees to pay any and all expenses (including, without limitation, fees
and expenses of counsel) incurred by the Agent or any Lender in enforcing any
rights under this Agreement or any Note. Without limiting the generality of
the foregoing, each Borrower's liability shall extend to all amounts that
constitute part of the Obligations and would be owed by any other Borrower to
the Agent or any Lender under or in respect of this Agreement or the Notes but
for the fact that they are unenforceable or not allowable due to the existence
of a bankruptcy, reorganization or similar proceeding involving such other
Borrower.

               (b)    Each Borrower, and by its acceptance of this Agreement,
the Agent and each Lender, hereby confirms that it is the intention of all
such Persons that this Article VII and the Obligations of each Borrower
hereunder not constitute a fraudulent transfer or conveyance for purposes of
Bankruptcy Law (as hereinafter defined), the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or
state law to the extent applicable to this Article VII and the Obligations of
each Borrower hereunder. To effectuate the foregoing intention, the Agent, the
Lenders and the Borrowers hereby irrevocably agree that the Obligations of
each Borrower under this Article VII at any time shall be limited to the
maximum amount as will result in the Obligations of such Borrower under this
Article VII not constituting a fraudulent transfer or conveyance. For purposes
hereof, "Bankruptcy Law" means any proceeding of the type referred to in
Section 6.01(e) of this Agreement or Title 11, U.S. Code, or any similar
foreign, federal or state law for the relief of debtors.

               (c)    Each Borrower hereby unconditionally and irrevocably
agrees that in the event any payment shall be required to be made to any
Lender under this Agreement or any Note, such Borrower will contribute, to the
maximum extent permitted by law, such amounts to each other Borrower so as to
maximize the aggregate amount paid to the Lenders under or in respect of this
Agreement and the Notes.

               SECTION 7.02. Joint and Several Nature of Obligations Absolute.
Each Borrower agrees that this Article VII will be observed strictly in
accordance with its terms, regardless of any law, regulation or order now or
hereafter in effect in any jurisdiction affecting any of the terms of this
Article VII or the rights of any Lender with respect thereto. The Obligations
of each Borrower under or in respect of this Agreement are independent of the
Obligations of any other Borrower under or in respect of this Agreement or the
Notes, and a separate action or actions may be brought and prosecuted against
each Borrower to enforce this Agreement, irrespective of whether any action is
brought against any other Borrower or whether any other Borrower is joined in
any such action or actions. The liability of each Borrower under this Article
VII shall be irrevocable, absolute and unconditional irrespective of, and each
Borrower hereby irrevocably waives, to the fullest extent permitted by law,
any defenses it may now have or hereafter acquire in any way relating to, any
or all of the following:

               (a)    any lack of validity or enforceability of this Agreement
or any Note or any agreement or instrument relating thereto;

                                      31
<PAGE>

               (b)    any change in the time, manner or place of payment of,
or in any other term of, all or any of the Obligations or any other
obligations of any Borrower under or in respect of this Agreement or the
Notes, or any other amendment or waiver of or any consent to departure from
this Agreement or any Note, including, without limitation, any increase in the
Obligations resulting from the extension of additional credit to any Borrower
or any of its Subsidiaries or otherwise;

               (c)    any change, restructuring or termination of the
corporate structure or existence of any Borrower or any of its Subsidiaries;

               (d)    any failure of any Lender to disclose to any Borrower
any information relating to the business, condition (financial or otherwise),
operations, performance, properties or prospects of any other Borrower now or
hereafter known to such Lender (each Borrower waiving any duty on the part of
the Lenders to disclose such information);

               (e)    the failure of any other Person to execute or deliver
this Agreement, any Credit Agreement Supplement (as hereinafter defined) or
any other guaranty or agreement or the release or reduction of liability of
any Borrower with respect to the Obligations; or

               (f)    any other circumstance (including, without limitation,
any statute of limitations) or any existence of or reliance on any
representation by any Lender that might otherwise constitute a defense
available to, or a discharge of, any Borrower.

This Article VII shall continue to be effective or be reinstated, as the case
may be, if at any time any payment of any of the Obligations is rescinded or
must otherwise be returned by any Lender or any other Person upon the
insolvency, bankruptcy or reorganization of any Borrower or otherwise, all as
though such payment had not been made.

               SECTION 7.03. Waivers and Acknowledgments. (a) Each Borrower
hereby unconditionally and irrevocably waives promptness, diligence, notice of
acceptance, presentment, demand for performance, notice of nonperformance,
default, acceleration, protest or dishonor and any other notice with respect
to any of the Obligations and this Article VII and any requirement that any
Lender exhaust any right or take any action against any other Borrower or any
other Person.

               (b)    Each Borrower hereby unconditionally and irrevocably
waives any right to revoke this Article VII and acknowledges that this Article
VII is continuing in nature and applies to all Obligations, whether existing
now or in the future.

               (c)    Each Borrower hereby unconditionally and irrevocably
waives (i) any defense arising by reason of any claim or defense based upon an
election of remedies by any Lender that in any manner impairs, reduces,
releases of otherwise adversely affects the subrogation, reimbursement,
exoneration, contribution or indemnification rights of such Borrower or other
rights of such Borrower to proceed against any of the other Borrowers or any
other Person and (ii) any defense based on any right of set-off or
counterclaim against or in respect of the Obligations of such Borrower
hereunder.

               (d)    Each Borrower hereby unconditionally and irrevocably
waives any duty on the part of any Lender to disclose to such Borrower any
matter, fact or thing relating to the business, condition (financial or
otherwise), operations, performance, properties or prospects of any other
Borrower now or hereafter known by such Lender.

               (e)    Each Borrower acknowledges that it will receive
substantial direct and indirect benefits from the financing arrangements
contemplated by this Agreement and the Notes and that the waivers set forth in
this Article VII are knowingly made in contemplation of such benefits. Each
Borrower further acknowledges that it has, independently and without reliance
upon any 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, including the provisions of this Article VII, and the Notes to
which it is or is to be a party, and such Borrower has established adequate
means of

                                      32
<PAGE>

obtaining from each other Borrower on a continuing basis information
pertaining to, and is now and on a continuing basis will be completely
familiar with, the business, condition (financial or otherwise), operations,
performance, properties and prospects of such other Borrower.

               SECTION 7.04. Subrogation. Each Borrower hereby unconditionally
and irrevocably agrees not to exercise any rights that it may now have or
hereafter acquire against any other Borrower that arise from the existence,
payment, performance or enforcement of such Borrower's Obligations under or in
respect of this Agreement or the Notes, including, without limitation, any
right of subrogation, reimbursement, exoneration, contribution or
indemnification and any right to participate in any claim or remedy of any
Lender against any other Borrower, whether or not such claim, remedy or right
arises in equity or under contract, statute or common law, including, without
limitation, the right to take or receive from any other Borrower, directly or
indirectly, in cash or other property or by set-off or in any other manner,
payment or security on account of such claim, remedy or right, unless and
until all of the Obligations and all other amounts payable under this
Agreement and the Notes shall have been paid in full and the Commitments shall
have expired or been terminated. If any amount shall be paid to any Borrower
in violation of the immediately preceding sentence at any time prior to the
later of (a) the payment in full in cash of all the Obligations and all other
amounts payable under this Agreement and the Notes and (b) the Termination
Date, such amount shall be received and held in trust for the benefit of the
Lenders, shall be segregated from other property and funds of such Borrower
and shall forthwith be paid or delivered to the Agent in the same form as so
received (with any necessary endorsement or assignment) to be credited and
applied to the Obligations and all other amounts payable under this Agreement
and the Notes, whether matured or unmatured, in accordance with the terms of
this Agreement. If (i) any Borrower shall make payment to any Lender of all or
any part of the Obligations, (ii) all of the Obligations and all other amounts
payable under this Agreement and the Notes shall have been paid in full in
cash and (iii) the Termination Date shall have occurred, the Lenders will, at
such Borrower's request and expense, execute and deliver to such Borrower
appropriate documents, without recourse and without representation or
warranty, necessary to evidence the transfer by subrogation to such Borrower
of an interest in the Obligations resulting from such payment made by such
Borrower pursuant to this Agreement.

               SECTION 7.05. Continuing Obligations. Without prejudice to the
survival of any of the other agreements of any Borrower under this Agreement
or any Note, the agreements and obligations of each Borrower contained in
Section 7.01 (with respect to enforcement expenses), the last sentence of
Section 7.02 and this Section 7.05 shall survive the payment in full of the
Obligations and all of the other amounts payable under this Agreement and the
Notes.

                                 ARTICLE VIII

                                  THE AGENT

               SECTION 8.01. Authorization and Action. Each Lender hereby
appoints and authorizes the Agent to take such action as agent on its behalf
and to exercise such powers and discretion under this Agreement as are
delegated to the Agent by the terms hereof, together with such powers and
discretion as are reasonably incidental thereto. As to any matters not
expressly provided for by this Agreement (including, without limitation,
enforcement or collection of the Notes), the Agent shall not be required to
exercise any discretion or take any action, but shall be required to act or to
refrain from acting (and shall be fully protected in so acting or refraining
from acting) upon the instructions of the Required Lenders, and such
instructions shall be binding upon all Lenders and all holders of Notes;
provided, however, that the Agent shall not be required to take any action
that exposes the Agent to personal liability or that is contrary to this
Agreement or applicable law. The Agent agrees to give to each Lender prompt
notice of each notice given to it by any Borrower pursuant to the terms of
this Agreement.

               SECTION 8.02. Agent's Reliance, Etc. Neither the Agent nor any
of its directors, officers, agents or employees shall be liable for any action
taken or omitted to be taken by it or them under or in connection with this
Agreement, except for its or their own gross negligence or willful misconduct.
Without limitation of the generality of the foregoing, the Agent: (i) may
treat the Lender that made any Advance as the holder of the Debt resulting
therefrom until the Agent receives and accepts an Assignment and Acceptance
entered into by such Lender, as

                                      33
<PAGE>

assignor, and an Eligible Assignee, as assignee, as provided in Section 9.07;
(ii) may consult with legal counsel (including counsel for the Borrowers),
independent public accountants and other experts selected by it and shall not
be liable for any action taken or omitted to be taken in good faith by it in
accordance with the advice of such counsel, accountants or experts; (iii)
makes no warranty or representation to any Lender and shall not be responsible
to any Lender for any statements, warranties or representations (whether
written or oral) made in or in connection with this Agreement; (iv) shall not
have any duty to ascertain or to inquire as to the performance or observance
of any of the terms, covenants or conditions of this Agreement on the part of
any Borrower or to inspect the property (including the books and records) of
any Borrower; (v) shall not be responsible to any Lender for the due
execution, legality, validity, enforceability, genuineness, sufficiency or
value of this Agreement or any other instrument or document furnished pursuant
hereto; and (vi) shall incur no liability under or in respect of this
Agreement by acting upon any notice, consent, certificate or other instrument
or writing (which may be by telecopier) believed by it to be genuine and
signed or sent by the proper party or parties.

               SECTION 8.03. Citibank and Affiliates. With respect to its
Commitment, the Advances made by it and the Note issued to it, Citibank shall
have the same rights and powers under this Agreement as any other Lender and
may exercise the same as though it were not the Agent; and the term "Lender"
or "Lenders" shall, unless otherwise expressly indicated, include Citibank in
its individual capacity. Citibank and its Affiliates may accept deposits from,
lend money to, act as trustee under indentures of, accept investment banking
engagements from and generally engage in any kind of business with, any
Borrower, any Subsidiary of any Borrower and any Person who may do business
with or own securities of any Borrower or any such Subsidiary, all as if
Citibank were not the Agent and without any duty to account therefor to the
Lenders.

               SECTION 8.04. Lender Credit Decision. Each Lender acknowledges
that it has, independently and without reliance upon the Agent or any other
Lender and based on the financial statements referred to in Section 4.01 and
such other 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
Agent or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under this Agreement.

               SECTION 8.05. Indemnification. The Lenders agree to indemnify
the Agent (to the extent not reimbursed by the Borrowers), ratably according
to the respective principal amounts of the Revolving Credit Advances then owed
to each of them (or if no Revolving Credit Advances are at the time
outstanding, ratably according to the respective amounts of their
Commitments), from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever that may be imposed on,
incurred by, or asserted against the Agent in any way relating to or arising
out of this Agreement or any action taken or omitted by the Agent under this
Agreement (collectively, the "Indemnified Costs"), provided that no Lender
shall be liable for any portion of the Indemnified Costs resulting from the
Agent's gross negligence or willful misconduct. Without limitation of the
foregoing, each Lender agrees to reimburse the Agent promptly upon demand for
its ratable share of any out-of-pocket expenses (including reasonable counsel
fees) incurred by the Agent in connection with the preparation, execution,
delivery, administration, modification, amendment or enforcement (whether
through negotiations, legal proceedings or otherwise) of, or legal advice in
respect of rights or responsibilities under, this Agreement, to the extent
that the Agent is not reimbursed for such expenses by the Borrowers. In the
case of any investigation, litigation or proceeding giving rise to any
Indemnified Costs, this Section 8.05 applies whether any such investigation,
litigation or proceeding is brought by the Agent, any Lender or a third party.

               SECTION 8.06. Successor Agent. The Agent may resign at any time
by giving written notice thereof to the Lenders and the Borrowers and may be
removed at any time with or without cause by the Required Lenders. Upon any
such resignation or removal, the Required Lenders shall have the right to
appoint a successor Agent. If no successor Agent shall have been so appointed
by the Required Lenders, and shall have accepted such appointment, within 30
days after the retiring Agent's giving of notice of resignation or the
Required Lenders' removal of the retiring Agent, then the retiring Agent may,
on behalf of the Lenders, appoint a successor Agent, which shall be a
commercial bank organized under the laws of the United States of America or of
any State thereof and having a combined capital and surplus of at least
$500,000,000. Upon the acceptance of any appointment as Agent hereunder by a
successor Agent, such successor Agent shall thereupon succeed to and become
vested with all

                                      34
<PAGE>

the rights, powers, discretion, privileges and duties of the retiring Agent,
and the retiring Agent shall be discharged from its duties and obligations
under this Agreement. After any retiring Agent's resignation or removal
hereunder as Agent, the provisions of this Article VII shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was
Agent under this Agreement.

               SECTION 8.07. Other Agents. Each Lender hereby acknowledges
that neither the documentation agent nor any other Lender designated as any
"Agent" on the signature pages hereof has any liability hereunder other than
in its capacity as a Lender.

                                  ARTICLE IX

                                MISCELLANEOUS

               SECTION 9.01. Amendments, Etc. No amendment or waiver of any
provision of this Agreement or the Revolving Credit Notes, nor consent to any
departure by any Borrower therefrom, shall in any event be effective unless
the same shall be in writing and signed by the Required Lenders, and then such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no amendment, waiver
or consent shall, unless in writing and signed by all the Lenders, do any of
the following: (a) waive any of the conditions specified in Section 3.01, (b)
increase the Commitments of the Lenders or subject the Lenders to any
additional obligations, (c) reduce or subordinate the principal of, or
interest on, the Revolving Credit Advances or any fees or other amounts
payable hereunder, (d) postpone any date fixed for any payment of principal
of, or interest on, the Revolving Credit Advances or any fees or other amounts
payable hereunder, (e) change the percentage of the Commitments or of the
aggregate unpaid principal amount of the Revolving Credit Advances that shall
be required for the Lenders or any of them to take any action hereunder or (f)
amend this Section 9.01; and provided further that no amendment, waiver or
consent shall, unless in writing and signed by the Agent in addition to the
Lenders required above to take such action, affect the rights or duties of the
Agent under this Agreement or any Note.

               SECTION 9.02. Notices, Etc. (a) All notices and other
communications provided for hereunder shall be in writing (including
telecopier communication) and mailed, telecopied or delivered, if to any
Borrower, c/o the Company at its address at 12950 Worldgate Drive, Herndon,
Virginia 20170, Attention: Treasurer; if to any Initial Lender, at its
Domestic Lending Office specified opposite its name on Schedule I hereto; if
to any other Lender, at its Domestic Lending Office specified in the
Assignment and Acceptance pursuant to which it became a Lender; and if to the
Agent, at its address at Two Penns Way, New Castle, Delaware 19720, Attention:
Bank Loan Syndications Department; or, as to any Borrower or the Agent, at
such other address as shall be designated by such party in a written notice to
the other parties and, as to each other party, at such other address as shall
be designated by such party in a written notice to the Borrowers and the
Agent. All such notices and communications shall, when mailed or telecopied,
be effective when deposited in the mails or telecopied, respectively, except
that notices and communications to the Agent pursuant to Article II, III or
VII shall not be effective until received by the Agent. Delivery by telecopier
of an executed counterpart of any amendment or waiver of any provision of this
Agreement or the Notes or of any Exhibit hereto to be executed and delivered
hereunder shall be effective as delivery of a manually executed counterpart
thereof.

               (b)    Notwithstanding anything to the contrary contained in
this Agreement or any Note, (i) any notice to the Borrowers or to any one of
them required under this Agreement or any such Note that is delivered to the
Company shall constitute effective notice to the Borrowers or to any such
Borrower, including the Company and (ii) any Notice of Borrowing or any notice
of Conversion delivered pursuant to Section 2.08 may be delivered by any
Borrower or by the Company, on behalf of any other Borrower. Each Initial
Borrower (other than the Company) and each Designated Subsidiary hereby
irrevocably appoints the Company as its authorized agent to receive and
deliver notices in accordance with this Section 9.02, and hereby irrevocably
agrees that (A) in the case of clause (i) of the immediately preceding
sentence, the failure of the Company to give any notice referred to therein to
any such Initial Borrower or any such Designated Subsidiary, as the case may
be, to which such notice applies shall not impair or affect the validity of
such notice with respect thereto and (B) in the case of clause (ii) of the
immediately preceding sentence, the delivery of any such notice by the
Company, on behalf of any other Borrower, shall be binding on such other
Borrower to the same extent as if such notice had been executed and delivered
directly by such Borrower.

                                      35
<PAGE>

               SECTION 9.03. No Waiver; Remedies. No failure on the part of
any Lender or the Agent to exercise, and no delay in exercising, any right
hereunder or under any Note shall operate as a waiver thereof; nor shall any
single or partial exercise of any such right preclude any other or further
exercise thereof or the exercise of any other right. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law.

               SECTION 9.04. Costs and Expenses. (a) The Borrowers agree
jointly and severally to pay on demand all costs and expenses of the Agent in
connection with the preparation, execution, delivery, administration,
modification and amendment of this Agreement, the Notes and the other
documents to be delivered hereunder, including, without limitation, (A) all
due diligence, syndication (including printing, distribution and bank
meetings), transportation, computer, duplication, appraisal, consultant, and
audit expenses and (B) the reasonable fees and expenses of counsel for the
Agent with respect thereto and with respect to advising the Agent as to its
rights and responsibilities under this Agreement. The Borrowers further agree
jointly and severally to pay on demand all costs and expenses of the Agent and
the Lenders, if any (including, without limitation, reasonable counsel fees
and expenses), in connection with the enforcement (whether through
negotiations, legal proceedings or otherwise) of this Agreement, the Notes and
the other documents to be delivered hereunder, including, without limitation,
reasonable fees and expenses of counsel for the Agent and each Lender in
connection with the enforcement of rights under this Section 9.04(a).

               (b)    The Borrowers agree jointly and severally to indemnify
and hold harmless the Agent and each Lender and each of their Affiliates and
their officers, directors, employees, agents and advisors (each, an
"Indemnified Party") from and against any and all claims, damages, losses,
liabilities and expenses (including, without limitation, reasonable fees and
expenses of counsel) incurred by or asserted or awarded against any
Indemnified Party, in each case arising out of or in connection with or by
reason of (including, without limitation, in connection with any
investigation, litigation or proceeding or preparation of a defense in
connection therewith) (i) the Notes, this Agreement, any of the transactions
contemplated herein or the actual or proposed use of the proceeds of the
Advances or (ii) the actual or alleged presence of Hazardous Materials on any
property of the Company or any of its Subsidiaries or any Environmental Action
relating in any way to the Company or any of its Subsidiaries, except to the
extent such claim, damage, loss, liability or expense is found in a judgment
by a court of competent jurisdiction to have resulted from such Indemnified
Party's gross negligence or willful misconduct. In the case of an
investigation, litigation or other proceeding to which the indemnity in this
Section 9.04(b) applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by any Borrower, its
directors, shareholders or creditors or an Indemnified Party or any other
Person or any Indemnified Party is otherwise a party thereto and whether or
not the transactions contemplated hereby are consummated. Each Borrower also
agrees not to assert any claim for special, indirect, consequential or
punitive damages against the Agent, any Lender, any of their Affiliates, or
any of their respective directors, officers, employees, attorneys and agents,
on any theory of liability, arising out of or otherwise relating to the Notes,
this Agreement, any of the transactions contemplated herein or the actual or
proposed use of the proceeds of the Advances.

               (c)    If any payment of principal of, or Conversion of, any
Eurodollar Rate Advance, LIBO Rate Advance is made by any Borrower to or for
the account of a Lender other than on the last day of the Interest Period for
such Advance, as a result of a payment or Conversion pursuant to Section
2.08(d) or (e), 2.10 or 2.12, acceleration of the maturity of the Notes
pursuant to Section 6.01 or for any other reason, or by an Eligible Assignee
to a Lender other than on the last day of the Interest Period for such Advance
upon an assignment of rights and obligations under this Agreement pursuant to
Section 9.07 as a result of a demand by any Borrower pursuant to Section
9.07(a), such Borrower shall, upon demand by such Lender (with a copy of such
demand to the Agent), pay to the Agent for the account of such Lender any
amounts required to compensate such Lender for any additional losses, costs or
expenses that it may reasonably incur as a result of such payment or
Conversion, including, without limitation, any loss (including loss of
anticipated profits), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by any Lender to fund or
maintain such Advance.

               (d)    The Borrowers acknowledge that the distribution of
material through an electronic medium is not necessarily secure and that there
are confidentiality and other risks associated with such distribution. All
notices, financial statements, financial and other reports, certificates,
requests and other information materials (the "Communications") and the
website of the Agent (the "Platform") are provided "as is" and "as available".
The Agent does not warrant the accuracy, adequacy or completeness of the
Communications or the Platform and expressly disclaims liability for errors or
omissions in the Communications or the Platform. No warranty of any

                                      36
<PAGE>

kind, express, implied or statutory, including, without limitation, any
warranty of merchantability, fitness for a particular purpose,
non-infringement of third party rights or freedom from viruses or other code
defects, is made by the Agent in connection with the Communications or the
Platform.

               (e)    Without prejudice to the survival of any other agreement
of the Borrowers hereunder, the agreements and obligations of the Borrowers
contained in Sections 2.11, 2.14 and 9.04 shall survive the payment in full of
principal, interest and all other amounts payable hereunder and under the
Notes.

               SECTION 9.05. Right of Set-off. Upon (i) the occurrence and
during the continuance of any Event of Default and (ii) the making of the
request or the granting of the consent specified by Section 6.01 to authorize
the Agent to declare the Notes due and payable pursuant to the provisions of
Section 6.01, 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 indebtedness at any time
owing by such Lender or such Affiliate to or for the credit or the account of
any Borrower against any and all of the obligations of any Borrower now or
hereafter existing under this Agreement and the Note held by such Lender,
whether or not such Lender shall have made any demand under this Agreement or
such Note and although such obligations may be unmatured. Each Lender agrees
promptly to notify the applicable Borrower after any such set-off and
application, provided that the failure to give such notice shall not affect
the validity of such set-off and application. The rights of each Lender and
its Affiliates under this Section are in addition to other rights and remedies
(including, without limitation, other rights of set-off) that such Lender and
its Affiliates may have.

               SECTION 9.06. Binding Effect. This Agreement shall become
effective (other than Sections 2.01 and 2.03, which shall only become
effective upon satisfaction of the conditions precedent set forth in Section
3.01) when it shall have been executed by the Borrowers and the Agent and when
the Agent shall have been notified by each Initial Lender that such Initial
Lender has executed it and thereafter shall be binding upon and inure to the
benefit of each Borrower, the Agent and each Lender and their respective
successors and assigns, except that no Borrower shall have the right to assign
its rights hereunder or any interest herein without the prior written consent
of all of the Lenders.

               SECTION 9.07. Assignments and Participations. (a) Each Lender
may and, if demanded by the Company (following a demand by such Lender
pursuant to Section 2.11 or 2.14 or upon a reasonable determination by the
Company that a change in law or circumstances has created a reasonable
likelihood that such Lender will make a demand pursuant to Section 2.11 or
2.14 and only if no Event of Default has occurred and is continuing) upon at
least five Business Days' notice to such Lender and the Agent, will assign to
one or more Persons all or a portion of its rights and obligations under this
Agreement (including, without limitation, all or a portion of its Commitment,
the Revolving Credit Advances owing to it and the Revolving Credit Note or
Notes held by it); provided, however, that (i) each such assignment shall be
of a constant, and not a varying, percentage of all rights and obligations
under this Agreement (other than any right to make Competitive Bid Advances,
Competitive Bid Advances owing to it and Competitive Bid Notes), (ii) except
in the case of an assignment to a Person that, immediately prior to such
assignment, was a Lender or an assignment of all of a Lender's rights and
obligations under this Agreement, the amount of the Commitment of the
assigning Lender being assigned pursuant to each such assignment (determined
as of the date of the Assignment and Acceptance with respect to such
assignment) shall in no event be less than $5,000,000 or an integral multiple
of $1,000,000 in excess thereof, (iii) each such assignment shall be to an
Eligible Assignee, (iv) each such assignment made as a result of a demand by
the Company pursuant to this Section 9.07(a) shall be arranged by the Company
after consultation with the Agent and shall be either an assignment of all of
the rights and obligations of the assigning Lender under this Agreement or an
assignment of a portion of such rights and obligations made concurrently with
another such assignment or other such assignments that together cover all of
the rights and obligations of the assigning Lender under this Agreement, (v)
no Lender shall be obligated to make any such assignment as a result of a
demand by the Company pursuant to this Section 9.07(a) unless and until such
Lender shall have received one or more payments from either the Borrowers or
one or more Eligible Assignees in an aggregate amount at least equal to the
aggregate outstanding principal amount of the Advances owing to such Lender,
together with accrued interest thereon to the date of payment of such
principal amount and all other amounts payable to such Lender under this
Agreement, and (vi) the parties to each such assignment shall execute and
deliver to the Agent, for its acceptance and recording in the Register, an
Assignment and Acceptance, together with any Revolving Credit Note subject to
such assignment and a processing

                                      37
<PAGE>

and recordation fee of $3,500 payable by the parties to each such assignment,
provided, however, that in the case of each assignment made as a result of a
demand by the Company, such recordation fee shall be payable by the Borrowers
except that no such recordation fee shall be payable in the case of an
assignment made at the request of the Company to an Eligible Assignee that is
an existing Lender, and (vii) each such assignment shall be made with the
consent, not to be unreasonably withheld, of the Agent and the Company,
provided that any Lender may, without the approval of the Borrowers and the
Agent, assign all or a portion of its rights to any of its Affiliates so long
as such assignment does not result in any increased cost to, or obligation of,
the Borrowers. Upon such execution, delivery, acceptance and recording, from
and after the effective date specified in each Assignment and Acceptance, (x)
the assignee thereunder shall be a party hereto and, to the extent that rights
and obligations hereunder have been assigned to it pursuant to such Assignment
and Acceptance, have the rights and obligations of a Lender hereunder and (y)
the Lender assignor thereunder shall, to the extent that rights and
obligations hereunder have been assigned by it pursuant to such Assignment and
Acceptance, relinquish its rights (other than its rights under Section 2.11,
2.14 and 9.04 to the extent any claim thereunder relates to an event arising
prior such assignment) and be released from its obligations under this
Agreement (and, in the case of an Assignment and Acceptance covering all or
the remaining portion of an assigning Lender's rights and obligations under
this Agreement, such Lender shall cease to be a party hereto).

               (b)    By executing and delivering an Assignment and
Acceptance, the Lender assignor thereunder and the assignee thereunder confirm
to and agree with each other and the other parties hereto as follows: (i)
other than as provided in such Assignment and Acceptance, such assigning
Lender makes no representation or warranty and assumes no responsibility with
respect to any statements, warranties or representations made in or in
connection with this Agreement or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of this Agreement or any
other instrument or document furnished pursuant hereto; (ii) such assigning
Lender makes no representation or warranty and assumes no responsibility with
respect to the financial condition of the Borrowers or the performance or
observance by the Borrowers of any of its obligations under this Agreement or
any other instrument or document furnished pursuant hereto; (iii) such
assignee confirms that it has received a copy of this Agreement, together with
copies of the financial statements referred to in Section 4.01 and such other
documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into such Assignment and Acceptance; (iv) such
assignee will, independently and without reliance upon the Agent, such
assigning Lender or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under this Agreement; (v) such
assignee confirms that it is an Eligible Assignee; (vi) such assignee appoints
and authorizes the Agent to take such action as agent on its behalf and to
exercise such powers and discretion under this Agreement as are delegated to
the Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto; and (vii) such assignee agrees that it will
perform in accordance with their terms all of the obligations that by the
terms of this Agreement are required to be performed by it as a Lender.

               (c)    Upon its receipt of an Assignment and Acceptance
executed by an assigning Lender and an assignee representing that it is an
Eligible Assignee, together with any Revolving Credit Note or Notes subject to
such assignment, the Agent shall, if such Assignment and Acceptance has been
completed and is in substantially the form of Exhibit C hereto, (i) accept
such Assignment and Acceptance, (ii) record the information contained therein
in the Register and (iii) give prompt notice thereof to the Borrowers.

               (d)    The Agent shall maintain at its address referred to in
Section 9.02 a copy of each Assignment and Acceptance delivered to and
accepted by it and a register for the recordation of the names and addresses
of the Lenders and the Commitment of, and principal amount of the Advances
owing to, each Lender from time to time (the "Register"). The entries in the
Register shall be conclusive and binding for all purposes, absent manifest
error, and the Borrowers, the Agent and the Lenders may treat each Person
whose name is recorded in the Register as a Lender hereunder for all purposes
of this Agreement. The Register shall be available for inspection by any
Borrower or any Lender at any reasonable time and from time to time upon
reasonable prior notice.

               (e)    Each Lender may sell participations to one or more banks
or other entities (other than any Borrower or any Affiliate of any Borrower)
in or to all or a portion of its rights and obligations under this Agreement
(including, without limitation, all or a portion of its Commitment, the
Advances owing to it and any Note or Notes held by it); provided, however,
that (i) such Lender's obligations under this Agreement (including, without
limitation, its Commitment to the Borrowers hereunder) shall remain unchanged,
(ii) such Lender shall remain

                                      38
<PAGE>

solely responsible to the other parties hereto for the performance of such
obligations, (iii) such Lender shall remain the holder of any such Note for
all purposes of this Agreement, (iv) the Borrowers, the Agent 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 and
(v) no participant under any such participation shall have any right to
approve any amendment or waiver of any provision of this Agreement or any
Note, or any consent to any departure by any Borrower therefrom, except to the
extent that such amendment, waiver or consent would reduce the principal of,
or interest on, the Notes or any fees or other amounts payable hereunder, in
each case to the extent subject to such participation, or postpone any date
fixed for any payment of principal of, or interest on, the Notes or any fees
or other amounts payable hereunder, in each case to the extent subject to such
participation.

               (f)    Any Lender may, in connection with any assignment or
participation or proposed assignment or participation pursuant to this Section
9.07, disclose to the assignee or participant or proposed assignee or
participant, any information relating to any Borrower furnished to such Lender
by or on behalf of such Borrower; provided that, prior to any such disclosure,
the assignee or participant or proposed assignee or participant shall agree to
preserve the confidentiality of any Confidential Information relating to such
Borrower received by it from such Lender.

               (g)    Notwithstanding any other provision set forth in this
Agreement, any Lender may at any time create a security interest in all or any
portion of its rights under this Agreement (including, without limitation, the
Advances owing to it and any Note or Notes held by it) in favor of any Federal
Reserve Bank in accordance with Regulation A of the Board of Governors of the
Federal Reserve System.

               SECTION 9.08. Designated Subsidiaries. (a) Designation. The
Company may at any time and from time to time by delivery to the Agent of a
Designation Letter, duly executed by the Company and a wholly owned Subsidiary
organized under the laws of a jurisdiction in the United States and in
substantially the form of Exhibit F hereto, designate such Subsidiary as a
"Designated Subsidiary" for all purposes of this Agreement, and, upon
fulfillment of the applicable conditions set forth in Article III and after
such Designation Letter is accepted by the Agent, such Subsidiary shall
thereupon become a Designated Subsidiary for all purposes of this Agreement
and, as such, shall have all of the rights and obligations of a Borrower
hereunder. The Agent shall promptly notify each Lender of each such
designation by the Company and the identity of each such Designated
Subsidiary.

               (b)   Termination. Upon the payment and performance in full of
all of the indebtedness, liabilities and obligations of any Borrower (other
than the Company or any Borrower that is a Significant Subsidiary that is
organized under the laws of a jurisdiction in the United States) under this
Agreement and the Notes issued by it, then, so long as at such time such
Borrower has not submitted a Notice of Revolving Credit Borrowing, such
Borrower's status as a Borrower shall terminate upon notice to such effect
from the Agent to the Lenders (which notice the Agent shall promptly deliver
to the Lenders following its receipt of such a request from the Company).
Thereafter, the Lenders shall be under no further obligation to make any
Revolving Credit Advances to such Borrower.

               SECTION 9.09. Confidentiality. Neither the Agent nor any Lender
shall disclose any Confidential Information to any other Person without the
consent of the Company, other than (a) to the Agent's or such Lender's
Affiliates and their officers, directors, employees, agents and advisors and,
as contemplated by Section 9.07(f), to actual or prospective assignees and
participants, and then only on a confidential basis, (b) as required by any
law, rule or regulation or judicial process and (d) as requested or required
by any state, federal or foreign authority or examiner regulating banks or
banking.

               SECTION 9.10.  Governing Law.  This Agreement and the Notes
shall be governed by, and construed in accordance with, the laws of the State
of New York.

               SECTION 9.11. Execution in Counterparts. This Agreement may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this
Agreement by telecopier shall be effective as delivery of a manually executed
counterpart of this Agreement.

                                      39
<PAGE>

               SECTION 9.12. Jurisdiction, Etc. (a) Each of the parties hereto
hereby irrevocably and unconditionally submits, for itself and its property,
to the nonexclusive jurisdiction of any New York State court or federal court
of the United States of America sitting in New York City, and any appellate
court from any thereof, in any action or proceeding arising out of or relating
to this Agreement or the Notes, 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 any such New York State court or, to
the extent permitted by law, in such federal court. Each Borrower hereby
agrees that service of process in any such action or proceeding brought in the
any such New York State court or in such federal court may be made upon The
Prentice-Hall Corporation System, Inc. at its offices at 80 State Street,
Albany, New York 12207-2543 (the "Process Agent") and each Borrower hereby
irrevocably appoints the Process Agent its authorized agent to accept such
service of process, and agrees that the failure of the Process Agent to give
any notice of any such service shall not impair or affect the validity of such
service or of any judgment rendered in any action or proceeding based thereon.
Each Borrower hereby further irrevocably consents to the service of process in
any action or proceeding in such courts by the mailing thereof by any parties
hereto by registered or certified mail, postage prepaid, to such Borrower at
its address specified pursuant to Section 9.02, with a copy addressed to the
Law Department. 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 any party may otherwise
have to bring any action or proceeding relating to this Agreement or the Notes
in the courts of any jurisdiction.

               (b)    Each of the parties hereto irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively
do so, any objection that it may now or hereafter have to the laying of venue
of any suit, action or proceeding arising out of or relating to this Agreement
or the Notes in any New York State or federal court. 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.

               SECTION 9.13. Waiver of Jury Trial. Each of the Borrowers, the
Agent and the Lenders hereby irrevocably waives all right to trial by jury in
any action, proceeding or counterclaim (whether based on contract, tort or
otherwise) arising out of or relating to this Agreement or the Notes or the
actions of the Agent or any Lender in the negotiation, administration,
performance or enforcement thereof.

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

                                 LAFARGE NORTH AMERICA INC.

                                 By /s/ Kevin C. Grant
                                    -------------------
                                    Title: Vice President & Treasurer

                                 LAFARGE FLORIDA, INC.

                                 By /s/ Kevin C. Grant
                                    -------------------
                                    Title: Treasurer

                                 LAFARGE MIDWEST, INC.

                                 By /s/ Kevin C. Grant
                                    -------------------
                                    Title: Treasurer

                                      40
<PAGE>

                                 LAFARGE SOUTHWEST, INC.

                                 By /s/ Denise Werntz
                                    -------------------
                                    Title: Vice President & Treasurer

                                 LAFARGE WEST, INC.

                                 By /s/ Denise Werntz
                                    -------------------
                                    Title: Vice President & Treasurer

                                 MINERAL SOLUTIONS, INC.

                                 By /s/ Kevin C. Grant
                                    -------------------
                                    Title: Treasurer

                                 PRESQUE ISLE CORPORATION

                                 By /s/ Kevin C. Grant
                                    -------------------
                                    Title: Treasurer

                                 REDLAND GENSTAR, INC.

                                 By /s/ Kevin C. Grant
                                    -------------------
                                    Title: Vice President & Treasurer

                                 REDLAND QUARRIES NY, INC.

                                 By /s/ Kevin C. Grant
                                    -------------------
                                    Title: Vice President & Treasurer

                                 WMI FINANCE CORPORATION

                                 By /s/ Kevin C. Grant
                                    -------------------
                                    Title: Vice President

                                 CITIBANK, N.A.,
                                    as Agent

                                 By /s/ Brigitte Vvong
                                    -------------------
                                 Title: Vice President

                                      41
<PAGE>

                               Initial Lenders

<TABLE>
<S>                        <C>
Commitment
----------

                              Administrative Agent
                              --------------------

$40,000,000                                        CITIBANK, N.A.

                                                   By /s/ Brigitte Vvong
                                                      -------------------
                                                   Title: Vice President

                                Syndication Agent
                                -----------------

$40,000,000                                        WACHOVIA BANK, NATIONAL ASSOCIATION

                                                   By /s/ Steve Hamil
                                                      ----------------
                                                   Title: Vice President

                                     Lenders
                                     -------

$30,000,000                                        BANK ONE, NA

                                                   By /s/ Jules Panno
                                                      ----------------
                                                   Title: Director

$30,000,000                                        BNP PARIBAS

                                                   By /s/ Arnaud Collin du Bocage
                                                      ---------------------------
                                                   Title: Vice President

                                                   By /s/ Jerome d Humieres
                                                      ---------------------
                                                   Title: Vice President

$30,000,000                                        SUNTRUST BANK

                                                   By /s/ Andrew Hines
                                                     -----------------
                                                   Title: Director

$25,000,000                                        BANK OF AMERICA, N.A.

                                                   By /s/ Elizabeth Nass
                                                      ------------------
                                                   Title: Managing Director

$25,000,000                                        BANK OF MONTREAL

                                                   By /s/ Ian Hayes
                                                      -------------
                                                   Title: Vice President
</TABLE>

                                      42
<PAGE>

<TABLE>
<S>                                           <C>
$25,000,000                                        BAYERISCHE LANDESBANK GIROZENTRALE

                                                   By /s/ Herewald Drummond
                                                      ---------------------
                                                   Title: Senior Vice President

                                                   By /s/ James H. Boyle
                                                      ------------------
                                                   Title: Vice President

$22,500,000                                        FIRSTAR BANK, NATIONAL ASSOCIATION

                                                   By /s/ Richard Popp
                                                      ----------------
                                                   Title: Vice President

                                                   By /s/ Michael Dickman
                                                      -------------------
                                                   Title: AVP

$20,000,000                                        THE BANK OF NOVA SCOTIA

                                                   By /s/ Todd Meller
                                                      ---------------
                                                   Title:  Managing Director

$12,500,000                                        WELLS FARGO BANK, N.A.

                                                   By /s/ Lori Ross
                                                      -------------
                                                   Title: Vice President

$300,000,000   Total of the Commitments
</TABLE>

                                      43<PAGE>

                                                                    EXHIBIT 10.3

                           FIVE YEAR CREDIT AGREEMENT

                           Dated as of April 18, 2002

                  LAFARGE NORTH AMERICA INC., a Maryland corporation (the
"Company"), the Significant Subsidiaries of the Company listed on the signature
pages hereof (the Company and each such Significant Subsidiary, an "Initial
Borrower" and collectively, the "Initial Borrowers"), the banks, financial
institutions and other institutional lenders (the "Initial Lenders") listed on
the signature pages hereof, WACHOVIA BANK, NATIONAL ASSOCIATION, as syndication
agent, SALOMON SMITH BARNEY INC. and FIRST UNION SECURITIES, INC, as joint lead
arrangers and joint bookrunners, and CITIBANK, N.A. ("Citibank"), as
administrative agent (the "Agent") for the Lenders (as hereinafter defined),
agree as follows:

                                    ARTICLE I

                        DEFINITIONS AND ACCOUNTING TERMS

                  SECTION 1.01. Certain Defined Terms. As used in this
Agreement, the following terms shall have the following meanings (such meanings
to be equally applicable to both the singular and plural forms of the terms
defined):

                  "Advance" means a Revolving Credit Advance or a Competitive
         Bid Advance.

                  "Affiliate" means, as to any Person, any other Person that,
         directly or indirectly, controls, is controlled by or is under common
         control with such Person or is a director or officer of such Person.
         For purposes of this definition, the term "control" (including the
         terms "controlling", "controlled by" and "under common control with")
         of a Person means the possession, direct or indirect, of the power to
         vote 10% or more of the Voting Stock of such Person or to direct or
         cause the direction of the management and policies of such Person,
         whether through the ownership of Voting Stock, by contract or
         otherwise.

                  "Agent's Account" means the account of the Agent maintained by
         the Agent at Citibank at its office at 388 Greenwich Street, New York,
         New York 10013, Account No. 36852248, Attention: Bank Loan
         Syndications.

                  "Applicable Lending Office" means, with respect to each
         Lender, such Lender's Domestic Lending Office in the case of a Base
         Rate Advance and such Lender's Eurodollar Lending Office in the case of
         a Eurodollar Rate Advance and, in the case of a Competitive Bid
         Advance, the office of such Lender notified by such Lender to the Agent
         as its Applicable Lending Office with respect to such Competitive Bid
         Advance.

                  "Applicable Margin" means (a) for Base Rate Advances, 0% per
         annum and (b) for Eurodollar Rate Advances, as of any date, a
         percentage per annum determined by reference to the Public Debt Rating
         in effect on such date as set forth below:

<TABLE>
<CAPTION>
------------------------------------------------------------
      Public Debt Rating           Applicable Margin for
         S&P/Moody's             Eurodollar Rate Advances
------------------------------------------------------------
<S>                              <C>
Level 1
A or A2 or above                          0.200%
------------------------------------------------------------
Level 2
A- or A3                                  0.425%
------------------------------------------------------------
Level 3
BBB+ or Baa1                              0.500%
------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<S>                              <C>
Level 4
BBB or Baa2                               0.725%
------------------------------------------------------------
Level 5
BBB- and Baa3                             0.800%
------------------------------------------------------------
Level 6
Less than Level 5                         1.000%
------------------------------------------------------------
</TABLE>

                  "Applicable Percentage" means, as of any date, a percentage
         per annum determined by reference to the Public Debt Rating in effect
         on such date as set forth below:

<TABLE>
<CAPTION>
                           --------------------------------------------------------------
                                 Public Debt Rating                  Applicable
                                     S&P/Moody's                     Percentage
                           --------------------------------------------------------------
<S>                                                                <C>
                           Level 1
                           A or A2 or above                            0.075%
                           --------------------------------------------------------------
                           Level 2
                           A- or A3                                    0.100%
                           --------------------------------------------------------------
                           Level 3
                           BBB+ or Baa1                                0.125%
                           --------------------------------------------------------------
                           Level 4
                           BBB or Baa2                                 0.150%
                           --------------------------------------------------------------
                           Level 5
                           BBB- and Baa3                               0.200%
                           --------------------------------------------------------------
                           Level 6
                           Less than Level 5                           0.250%
                           --------------------------------------------------------------
</TABLE>

                  "Applicable Utilization Fee" means, as of any date that the
         aggregate Advances exceed 25% of the aggregate Commitments, a
         percentage per annum determined by reference to the Public Debt Rating
         in effect on such date as set forth below:

<TABLE>
<CAPTION>
                           --------------------------------------------------------------
                                 Public Debt Rating                  Applicable
                                     S&P/Moody's                  Utilization Fee
                           --------------------------------------------------------------
<S>                                                                  <C>
                           Level 1
                           A or A2 or above                            0.075%
                           --------------------------------------------------------------
                           Level 2
                           A- or A3                                    0.100%
                           --------------------------------------------------------------
                           Level 3
                           BBB+ or Baa1                                0.125%
                           --------------------------------------------------------------
                           Level 4
                           BBB or Baa2                                 0.125%
                           --------------------------------------------------------------
                           Level 5
                           BBB- and Baa3                               0.250%
                           --------------------------------------------------------------
                           Level 6
                           Less than Level 5                           0.250%
                           --------------------------------------------------------------
</TABLE>

                  "Assignment and Acceptance" means an assignment and acceptance
         entered into by a Lender and an Eligible Assignee, and accepted by the
         Agent, in substantially the form of Exhibit C hereto.

                                       2
<PAGE>

                  "Base Rate" means a fluctuating interest rate per annum in
         effect from time to time, which rate per annum shall at all times be
         equal to the highest of:

                           (a)      the rate of interest announced publicly by
                  Citibank in New York, New York, from time to time, as
                  Citibank's base rate;

                           (b)      the sum (adjusted to the nearest 1/4 of 1%
                  or, if there is no nearest 1/4 of 1%, to the next higher 1/4
                  of 1%) of (i) 1/2 of 1% per annum, plus (ii) the rate obtained
                  by dividing (A) the latest three-week moving average of
                  secondary market morning offering rates in the United States
                  for three-month certificates of deposit of major United States
                  money market banks, such three-week moving average (adjusted
                  to the basis of a year of 360 days) being determined weekly on
                  each Monday (or, if such day is not a Business Day, on the
                  next succeeding Business Day) for the three-week period ending
                  on the previous Friday by Citibank on the basis of such rates
                  reported by certificate of deposit dealers to and published by
                  the Federal Reserve Bank of New York or, if such publication
                  shall be suspended or terminated, on the basis of quotations
                  for such rates received by Citibank from three New York
                  certificate of deposit dealers of recognized standing selected
                  by Citibank, by (B) a percentage equal to 100% minus the
                  average of the daily percentages specified during such
                  three-week period by the Board of Governors of the Federal
                  Reserve System (or any successor) for determining the maximum
                  reserve requirement (including, but not limited to, any
                  emergency, supplemental or other marginal reserve requirement)
                  for Citibank with respect to liabilities consisting of or
                  including (among other liabilities) three-month U.S. dollar
                  non-personal time deposits in the United States, plus (iii)
                  the average during such three-week period of the annual
                  assessment rates estimated by Citibank for determining the
                  then current annual assessment payable by Citibank to the
                  Federal Deposit Insurance Corporation (or any successor) for
                  insuring U.S. dollar deposits of Citibank in the United
                  States; and

                           (c)       1/2 of one percent per annum above the
                  Federal Funds Rate.

                  "Base Rate Advance" means a Revolving Credit Advance that
         bears interest as provided in Section 2.07(a)(i).

                  "Borrower" means each Initial Borrower and each Designated
         Subsidiary that shall become a party to this Agreement pursuant to
         Section 9.08.

                  "Borrowing" means a Revolving Credit Borrowing or a
         Competitive Bid Borrowing.

                  "Business Day" means a day of the year on which banks are not
         required or authorized by law to close in New York City and, if the
         applicable Business Day relates to any Eurodollar Rate Advances or LIBO
         Rate Advances, on which dealings are carried on in the London interbank
         market.

                  "Commitment" means as to any Lender (a) the amount set forth
         opposite such Lender's name on the signature pages hereof, or (b) if
         such Lender has entered into any Assignment and Acceptance, the amount
         set forth for such Lender in the Register maintained by the Agent
         pursuant to Section 9.07(d), as such amount may be reduced pursuant to
         Section 2.05.

                  "Competitive Bid Advance" means an advance by a Lender to any
         Borrower as part of a Competitive Bid Borrowing resulting from the
         competitive bidding procedure described in Section 2.03 and refers to a
         Fixed Rate Advance or a LIBO Rate Advance.

                  "Competitive Bid Borrowing" means a borrowing consisting of
         simultaneous Competitive Bid Advances from each of the Lenders whose
         offer to make one or more Competitive Bid Advances as part of such
         borrowing has been accepted under the competitive bidding procedure
         described in Section 2.03.

                                       3
<PAGE>

                  "Competitive Bid Note" means a promissory note of a Borrower
         payable to the order of any Lender, in substantially the form of
         Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to
         such Lender resulting from a Competitive Bid Advance made by such
         Lender.

                  "Competitive Bid Reduction" has the meaning specified in
         Section 2.01.

                  "Confidential Information" means confidential or proprietary
         information that any Borrower furnishes to the Agent or any Lender, but
         does not include any such information that is or becomes generally
         available to the public or that is or becomes available to the Agent or
         such Lender from a source other than any Borrower that, to the
         knowledge of the Agent or such Lender, is subject to a confidentiality
         arrangement with such Borrower.

                  "Consolidated" refers to the consolidation of accounts in
         accordance with GAAP.

                  "Convert", "Conversion" and "Converted" each refers to a
         conversion of Revolving Credit Advances of one Type into Revolving
         Credit Advances of the other Type pursuant to Section 2.08 or 2.09.

                  "Debt" of any Person means, without duplication, (a) all
         indebtedness of such Person for borrowed money, (b) all obligations of
         such Person for the deferred purchase price of property or services
         (other than trade payables incurred in the ordinary course of such
         Person's business), (c) all obligations of such Person evidenced by
         notes, bonds, debentures or other similar instruments, (d) all
         obligations of such Person as lessee under leases that have been or
         should be, in accordance with GAAP, recorded as capital leases, (e) all
         obligations, contingent or otherwise, of such Person in respect of
         acceptances, letters of credit or similar extensions of credit, (f) all
         Synthetic Lease Liabilities of such Person, (g) all Invested Amounts,
         (h) all Debt of others referred to in clauses (a) through (f) above or
         clause (i) below guaranteed by such Person, or in effect guaranteed by
         such Person and (j) all Debt referred to in clauses (a) through (h)
         above secured by (or for which the holder of such Debt has an existing
         right, contingent or otherwise, to be secured by) any Lien on property
         (including, without limitation, accounts and contract rights) owned by
         such Person, even though such Person has not assumed or become liable
         for the payment of such Debt, which Debt, in the case of this clause
         (h) shall be deemed not to exceed the fair market value of such
         encumbered property.

                  "Default" means any Event of Default or any event that would
         constitute an Event of Default but for the requirement that notice be
         given or time elapse or both.

                  "Designated Subsidiary" means any Subsidiary designated after
         the date of this Agreement for borrowing privileges hereunder pursuant
         to Section 9.08.

                  "Designation Letter" means a letter entered into by a
         Designated Subsidiary, the Company and the Agent, in substantially the
         form of Exhibit E hereto, pursuant to which such Designated Subsidiary
         shall become a Borrower hereunder in accordance with Section 9.08.

                  "Disclosed Litigation" has the meaning specified in Section
         3.01(b).

                  "Domestic Lending Office" means, with respect to any Lender,
         the office of such Lender specified as its "Domestic Lending Office"
         opposite its name on Schedule I hereto or in the Assignment and
         Acceptance pursuant to which it became a Lender, or such other office
         of such Lender as such Lender may from time to time specify to the
         Company and the Agent.

                  "EBITDA" means, for any period, net income (or net loss) plus
         the sum of (a) interest expense net of interest income, (b) income tax
         expense, (c) depreciation expense, (d) depletion expense and (e)
         amortization expense, in each case determined in accordance with GAAP
         for such period.

                  "Effective Date" has the meaning specified in Section 3.01.

                                       4
<PAGE>

                  "Eligible Assignee" means (i) a Lender; (ii) an Affiliate of a
         Lender; and (iii) any other Person approved by the Agent and, unless an
         Event of Default has occurred and is continuing at the time any
         assignment is effected in accordance with Section 9.07, the Company,
         such approval not to be unreasonably withheld or delayed; provided,
         however, that neither any Borrower nor an Affiliate of any Borrower
         shall qualify as an Eligible Assignee.

                  "Environmental Action" means any action, suit, demand, demand
         letter, claim, notice of non-compliance or violation, notice of
         liability or potential liability, investigation, proceeding, consent
         order or consent agreement relating in any way to any Environmental
         Law, Environmental Permit or Hazardous Materials or arising from
         alleged injury or threat of injury to health, safety or the
         environment, including, without limitation, (a) by any governmental or
         regulatory authority for enforcement, cleanup, removal, response,
         remedial or other actions or damages and (b) by any governmental or
         regulatory authority or any third party for damages, contribution,
         indemnification, cost recovery, compensation or injunctive relief.

                  "Environmental Law" means any federal, state, local or foreign
         statute, law, ordinance, rule, regulation, code, order, judgment,
         decree or judicial or agency interpretation, policy or guidance
         relating to pollution or protection of the environment, health, safety
         or natural resources, including, without limitation, those relating to
         the use, handling, transportation, treatment, storage, disposal,
         release or discharge of Hazardous Materials.

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

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

                  "ERISA Affiliate" means any Person that for purposes of Title
         IV of ERISA is a member of the Company's controlled group, or under
         common control with the Company, within the meaning of Section 414 of
         the Internal Revenue Code.

                  "ERISA Event" means (a) (i) the occurrence of a reportable
         event, within the meaning of Section 4043 of ERISA, with respect to any
         Plan unless the 30-day notice requirement with respect to such event
         has been waived by the PBGC, or (ii) the requirements of subsection (1)
         of Section 4043(b) of ERISA (without regard to subsection (2) of such
         Section) are met with a contributing sponsor, as defined in Section
         4001(a)(13) of ERISA, of a Plan, and an event described in paragraph
         (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably
         expected to occur with respect to such Plan within the following 30
         days; (b) the application for a minimum funding waiver with respect to
         a Plan; (c) the provision by the administrator of any Plan of a notice
         of intent to terminate such Plan pursuant to Section 4041(a)(2) of
         ERISA (including any such notice with respect to a plan amendment
         referred to in Section 4041(e) of ERISA); (d) the cessation of
         operations at a facility of the Company or any ERISA Affiliate in the
         circumstances described in Section 4062(e) of ERISA; (e) the withdrawal
         by the Company or any ERISA Affiliate from a Multiple Employer Plan
         during a plan year for which it was a substantial employer, as defined
         in Section 4001(a)(2) of ERISA; (f) the conditions for the imposition
         of a lien under Section 302(f) of ERISA shall have been met with
         respect to any Plan; (g) the adoption of an amendment to a Plan
         requiring the provision of security to such Plan pursuant to Section
         307 of ERISA; or (h) the institution by the PBGC of proceedings to
         terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence
         of any event or condition described in Section 4042 of ERISA that
         constitutes grounds for the termination of, or the appointment of a
         trustee to administer, a Plan.

                  "Eurocurrency Liabilities" has the meaning assigned to that
         term in Regulation D of the Board of Governors of the Federal Reserve
         System, as in effect from time to time.

                  "Eurodollar Lending Office" means, with respect to any Lender,
         the office of such Lender specified as its "Eurodollar Lending Office"
         opposite its name on Schedule I hereto or in the Assignment

                                       5
<PAGE>

         and Acceptance pursuant to which it became a Lender (or, if no such
         office is specified, its Domestic Lending Office), or such other office
         of such Lender as such Lender may from time to time specify to the
         Company and the Agent.

                  "Eurodollar Rate" means, for any Interest Period for each
         Eurodollar Rate Advance comprising part of the same Revolving Credit
         Borrowing, an interest rate per annum equal to the rate per annum
         obtained by dividing (a) the rate per annum (rounded upward to the
         nearest whole multiple of 1/16 of 1% per annum) appearing on Telerate
         Markets Page 3750 (or any successor page) as the London interbank
         offered rate for deposits in U.S. dollars at approximately 11:00 A.M.
         (London time) two Business Days prior to the first day of such Interest
         Period for a term comparable to such Interest Period or, if for any
         reason such rate is not available, the average (rounded upward to the
         nearest whole multiple of 1/16 of 1% per annum, if such average is not
         such a multiple) of the rate per annum at which deposits in U.S.
         dollars are offered by the principal office of each of the Reference
         Banks in London, England to prime banks in the London interbank market
         at 11:00 A.M. (London time) two Business Days before the first day of
         such Interest Period in an amount substantially equal to such Reference
         Bank's Eurodollar Rate Advance comprising part of such Revolving Credit
         Borrowing to be outstanding during such Interest Period and for a
         period equal to such Interest Period by (b) a percentage equal to 100%
         minus the Eurodollar Rate Reserve Percentage for such Interest Period.
         If the Telerate Markets Page 3750 (or any successor page) is
         unavailable, the Eurodollar Rate for any Interest Period for each
         Eurodollar Rate Advance comprising part of the same Revolving Credit
         Borrowing shall be determined by the Agent on the basis of applicable
         rates furnished to and received by the Agent from the Reference Banks
         two Business Days before the first day of such Interest Period,
         subject, however, to the provisions of Section 2.08.

                  "Eurodollar Rate Advance" means a Revolving Credit Advance
         that bears interest as provided in Section 2.07(a)(ii).

                  "Eurodollar Rate Reserve Percentage" for any Interest Period
         for all Eurodollar Rate Advances or LIBO Rate Advances comprising part
         of the same Borrowing means the reserve percentage applicable two
         Business Days before the first day of such Interest Period under
         regulations issued from time to time by the Board of Governors of the
         Federal Reserve System (or any successor) for determining the maximum
         reserve requirement (including, without limitation, any emergency,
         supplemental or other marginal reserve requirement) for a member bank
         of the Federal Reserve System in New York City with respect to
         liabilities or assets consisting of or including Eurocurrency
         Liabilities (or with respect to any other category of liabilities that
         includes deposits by reference to which the interest rate on Eurodollar
         Rate Advances or LIBO Rate Advances is determined) having a term equal
         to such Interest Period.

                  "Events of Default" has the meaning specified in Section 6.01.

                  "Federal Funds Rate" means, for any period, a fluctuating
         interest rate per annum equal for each day during such period to the
         weighted average of the rates on overnight Federal funds transactions
         with members of the Federal Reserve System arranged by Federal funds
         brokers, as published for such day (or, if such day is not a Business
         Day, for the next preceding 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 of the quotations for such day on such
         transactions received by the Agent from three Federal funds brokers of
         recognized standing selected by it.

                  "Fixed Rate Advances" has the meaning specified in Section
         2.03(a)(i).

                  "GAAP" has the meaning specified in Section 1.03.

                  "Hazardous Materials" means (a) petroleum and petroleum
         products, byproducts or breakdown products, radioactive materials,
         asbestos-containing materials, polychlorinated biphenyls and radon gas
         and (b) any other chemicals, materials or substances designated,
         classified or regulated as hazardous or toxic or as a pollutant or
         contaminant under any Environmental Law.

                                       6
<PAGE>

                  "Hedge Agreements" means interest rate swap, cap or collar
         agreements, interest rate future or option contracts, currency swap
         agreements, currency future or option contracts, commodity future or
         option contracts and other similar agreements.

                  "Information Memorandum" means the information memorandum
         dated January 29, 2002 used by the Agent in connection with the
         syndication of the Commitments.

                  "Interest Period" means, for each Eurodollar Rate Advance
         comprising part of the same Revolving Credit Borrowing and each LIBO
         Rate Advance comprising part of the same Competitive Bid Borrowing, the
         period commencing on the date of such Eurodollar Rate Advance or LIBO
         Rate Advance or the date of the Conversion of any Base Rate Advance
         into such Eurodollar Rate Advance and ending on the last day of the
         period selected by the applicable Borrower pursuant to the provisions
         below and, thereafter, with respect to Eurodollar Rate Advances, each
         subsequent period commencing on the last day of the immediately
         preceding Interest Period and ending on the last day of the period
         selected by the applicable Borrower pursuant to the provisions below.
         The duration of each such Interest Period shall be one, two, three or
         six months, as the applicable Borrower may, upon notice received by the
         Agent not later than 11:00 A.M. (New York City time) on the third
         Business Day prior to the first day of such Interest Period, select;
         provided, however, that:

                           (i)      a Borrower may not select any Interest
                  Period that ends after the Termination Date;

                           (ii)     Interest Periods commencing on the same date
                  for Eurodollar Rate Advances comprising part of the same
                  Revolving Credit Borrowing or for LIBO Rate Advances
                  comprising part of the same Competitive Bid Borrowing shall be
                  of the same duration;

                           (iii)    whenever the last day of any Interest Period
                  would otherwise occur on a day other than a Business Day, the
                  last day of such Interest Period shall be extended to occur on
                  the next succeeding Business Day, provided, however, that, if
                  such extension would cause the last day of such Interest
                  Period to occur in the next following calendar month, the last
                  day of such Interest Period shall occur on the next preceding
                  Business Day; and

                           (iv)     whenever the first day of any Interest
                  Period occurs on a day of an initial calendar month for which
                  there is no numerically corresponding day in the calendar
                  month that succeeds such initial calendar month by the number
                  of months equal to the number of months in such Interest
                  Period, such Interest Period shall end on the last Business
                  Day of such succeeding calendar month.

                  "Internal Revenue Code" means the Internal Revenue Code of
         1986, as amended from time to time, and the regulations promulgated and
         rulings issued thereunder.

                  "Invested Amounts" means the amounts invested by investors
         that are not Affiliates of the Borrowers in connection with a
         receivables securitization program and paid to the Company or any of
         its Subsidiaries, as reduced by the aggregate amounts received by such
         investors from the payment of receivables and applied to reduce such
         invested amounts.

                  "Lenders" means the Initial Lenders and each Person that shall
         become a party hereto pursuant to Section 8.07.

                  "LIBO Rate" means, for any Interest Period for all LIBO Rate
         Advances comprising part of the same Competitive Bid Borrowing, an
         interest rate per annum equal to the rate per annum obtained by
         dividing (a) the rate per annum (rounded upward to the nearest whole
         multiple of 1/16 of 1% per annum) appearing on Dow Jones Markets
         Telerate Page 3750 (or any successor page) as the London interbank
         offered rate for deposits in U.S. dollars at approximately 11:00 A.M.
         (London time) two Business Days

                                       7
<PAGE>

         prior to the first day of such Interest Period for a term comparable to
         such Interest Period or, if for any reason such rate is not available,
         the average (rounded upward to the nearest whole multiple of 1/16 of 1%
         per annum, if such average is not such a multiple) of the rate per
         annum at which deposits in U.S. dollars offered by the principal office
         of each of the Reference Banks in London, England to prime banks in the
         London interbank market at 11:00 A.M. (London time) two Business Days
         before the first day of such Interest Period in an amount substantially
         equal to the amount that would be the Reference Banks' respective
         ratable shares of such Borrowing if such Borrowing were to be a
         Revolving Credit Borrowing to be outstanding during such Interest
         Period and for a period equal to such Interest Period by (b) a
         percentage equal to 100% minus the Eurodollar Rate Reserve Percentage
         for such Interest Period. If the Dow Jones Markets Telerate Page 3750
         (or any successor page) is unavailable, the LIBO Rate for any Interest
         Period for each LIBO Rate Advance comprising part of the same
         Competitive Bid Borrowing shall be determined by the Agent on the basis
         of applicable rates furnished to and received by the Agent from the
         Reference Banks two Business Days before the first day of such Interest
         Period, subject, however, to the provisions of Section 2.08.

                  "LIBO Rate Advances" means a Competitive Bid Advance bearing
         interest based on the LIBO Rate.

                  "Lien" means any lien, security interest or other charge or
         encumbrance of any kind, or any other type of preferential arrangement,
         including, without limitation, the lien or retained security title of a
         conditional vendor and any easement, right of way or other encumbrance
         on title to real property.

                  "Material Adverse Change" means any material adverse change in
         the business, condition (financial or otherwise), results of
         operations, performance, properties or prospects of the Company and its
         Subsidiaries taken as a whole.

                  "Material Adverse Effect" means a material adverse effect on
         (a) the business, condition (financial or otherwise), results of
         operations, performance, properties or prospects of the Company and its
         Subsidiaries taken as a whole, (b) the rights and remedies of the Agent
         or any Lender under this Agreement or any Note or (c) the ability of
         any Borrower to perform its obligations under this Agreement or any
         Note.

                  "Moody's" means Moody's Investors Service, Inc.

                  "Multiemployer Plan" means a multiemployer plan, as defined in
         Section 4001(a)(3) of ERISA, to which the Company or any ERISA
         Affiliate is making or accruing an obligation to make contributions, or
         has within any of the preceding five plan years made or accrued an
         obligation to make contributions.

                  "Multiple Employer Plan" means a single employer plan, as
         defined in Section 4001(a)(15) of ERISA, that (a) is maintained for
         employees of the Company or any ERISA Affiliate and at least one Person
         other than the Company and the ERISA Affiliates or (b) was so
         maintained and in respect of which the Company or any ERISA Affiliate
         could have liability under Section 4064 or 4069 of ERISA in the event
         such plan has been or were to be terminated.

                  "Note" means a Revolving Credit Note or a Competitive Bid
         Note.

                  "Notice of Competitive Bid Borrowing" has the meaning
         specified in Section 2.03(a).

                  "Notice of Revolving Credit Borrowing" has the meaning
         specified in Section 2.02(a).

                  "Obligations" has the meaning specified in Section 7.01.

                  "PBGC" means the Pension Benefit Guaranty Corporation (or any
         successor).

                                       8
<PAGE>

                  "Permitted Liens" means such of the following as to which no
         enforcement, collection, execution, levy or foreclosure proceeding
         shall have been commenced unless being contested in good faith and for
         which appropriate reserves are being maintained: (a) Liens for taxes,
         assessments and governmental charges or levies to the extent not
         required to be paid under Section 5.01(b) hereof; (b) Liens imposed by
         law, such as materialmen's, mechanics', carriers', workmen's and
         repairmen's Liens and other similar Liens arising in the ordinary
         course of business securing obligations that are not overdue for a
         period of more than 60 days; (c) pledges or deposits to secure
         obligations under workers' compensation laws or similar legislation or
         to secure public or statutory obligations; and (d) easements, rights of
         way and other encumbrances on title to real property that do not render
         title to the property encumbered thereby unmarketable or materially
         adversely affect the use of such property for its present purposes.

                  "Person" means an individual, partnership, corporation
         (including a business trust), joint stock company, trust,
         unincorporated association, joint venture, limited liability company or
         other entity, or a government or any political subdivision or agency
         thereof.

                  "Plan" means a Single Employer Plan or a Multiple Employer
         Plan.

                  "Public Debt Rating" means, as of any date, the lowest rating
         that has been most recently announced by either S&P or Moody's, as the
         case may be, for any class of non-credit enhanced long-term senior
         unsecured debt issued by the Company. For purposes of the foregoing,
         (a) if only one of S&P and Moody's shall have in effect a Public Debt
         Rating, the Applicable Margin, the Applicable Percentage and the
         Applicable Utilization Fee shall be determined by reference to the
         available rating; (b) if neither S&P nor Moody's shall have in effect a
         Public Debt Rating, the Applicable Margin, the Applicable Percentage
         and the Applicable Utilization Fee will be set in accordance with Level
         6 under the definition of "Applicable Margin", "Applicable Percentage"
         or "Applicable Utilization Fee", as the case may be; (c) if the ratings
         established by S&P and Moody's shall fall within different levels, the
         Applicable Margin, the Applicable Percentage and the Applicable
         Utilization Fee shall be based upon the higher rating, except that if
         the lower of such ratings is more than one level below the higher of
         such ratings, the Applicable Margin, the Applicable Percentage and the
         Applicable Utilization Fee shall be based upon the level that is one
         level above the lower rating; (d) if any rating established by S&P or
         Moody's shall be changed, such change shall be effective as of the date
         on which such change is first announced publicly by the rating agency
         making such change; and (e) if S&P or Moody's shall change the basis on
         which ratings are established, each reference to the Public Debt Rating
         announced by S&P or Moody's, as the case may be, shall refer to the
         then equivalent rating by S&P or Moody's, as the case may be.

                  "Reference Banks" means Citibank, Wachovia Bank, National
         Association and Bank One, NA.

                  "Register" has the meaning specified in Section 9.07(d).

                  "Required Lenders" means (a) at any time prior to an
         acceleration of the Advances pursuant to Section 6.01, Lenders owed at
         least a majority in interest of the then aggregate unpaid principal
         amount of the Revolving Credit Advances owing to Lenders, or, if no
         such principal amount is then outstanding, Lenders having at least a
         majority in interest of the Commitments or (b) at any time after an
         acceleration of the Advances pursuant to Section 6.01, Lenders owed at
         least a majority in interest of the then aggregate unpaid principal
         amount of the Advances owing to Lenders, or, if no such principal
         amount is then outstanding, Lenders having at least a majority in
         interest of the Commitments.

                  "Revolving Credit Advance" means an advance by a Lender to any
         Borrower as part of a Revolving Credit Borrowing and refers to a Base
         Rate Advance or a Eurodollar Rate Advance (each of which shall be a
         "Type" of Revolving Credit Advance).

                  "Revolving Credit Borrowing" means a borrowing consisting of
         simultaneous Revolving Credit Advances of the same Type made by each of
         the Lenders pursuant to Section 2.01.

                                       9
<PAGE>

                  "Revolving Credit Note" means a promissory note of the
         Borrowers payable to the order of any Lender, delivered pursuant to a
         request made under Section 2.16 in substantially the form of Exhibit
         A-1 hereto, evidencing the aggregate indebtedness of the Borrowers to
         such Lender resulting from the Revolving Credit Advances made by such
         Lender.

                  "Significant Subsidiary" means any Subsidiary of the Company
         or group of Subsidiaries of the Company which, in either case, holds or
         owns total assets with a book value in excess of $50,000,000 or has
         annual revenues in excess of $50,000,000.

                  "Single Employer Plan" means a single employer plan, as
         defined in Section 4001(a)(15) of ERISA, that (a) is maintained for
         employees of the Company or any ERISA Affiliate and no Person other
         than the Company and the ERISA Affiliates or (b) was so maintained and
         in respect of which the Company or any ERISA Affiliate could have
         liability under Section 4069 of ERISA in the event such plan has been
         or were to be terminated.

                  "S&P" means Standard & Poor's, a division of The McGraw-Hill
         Companies, Inc.

                  "Subsidiary" of any Person means any corporation, partnership,
         joint venture, limited liability company, trust or estate of which (or
         in which) more than 50% of (a) the issued and outstanding capital stock
         having ordinary voting power to elect a majority of the Board of
         Directors of such corporation (irrespective of whether at the time
         capital stock of any other class or classes of such corporation shall
         or might have voting power upon the occurrence of any contingency), (b)
         the interest in the capital or profits of such limited liability
         company, partnership or joint venture or (c) the beneficial interest in
         such trust or estate is at the time directly or indirectly owned or
         controlled by such Person, by such Person and one or more of its other
         Subsidiaries or by one or more of such Person's other Subsidiaries.

                  "Synthetic Lease Liabilities" of a Person means any liability
         under any tax retention operating lease or so-called "synthetic" lease
         transaction, or any obligations arising with respect to any other
         similar transaction which the functional equivalent of or takes the
         place of borrowing but which does not constitute a liability on the
         Consolidated balance sheets of such Person and its Subsidiaries (other
         than leases which do not have an attributable interest component that
         are not leases that have been, or should be, in accordance with GAAP,
         recorded as capital leases).

                  "Termination Date" means the earlier of April 18, 2007 and the
         date of termination in whole of the Commitments pursuant to Section
         2.05 or 6.01.

                  "Voting Stock" means capital stock issued by a corporation, or
         equivalent interests in any other Person, the holders of which are
         ordinarily, in the absence of contingencies, entitled to vote for the
         election of directors (or persons performing similar functions) of such
         Person, even if the right so to vote has been suspended by the
         happening of such a contingency.

                  SECTION 1.02. Computation of Time Periods. In this Agreement
in the computation of periods of time from a specified date to a later specified
date, the word "from" means "from and including" and the words "to" and "until"
each mean "to but excluding".

                  SECTION 1.03. Accounting Terms. All accounting terms not
specifically defined herein shall be construed in accordance with generally
accepted accounting principles consistent with those applied in the preparation
of the financial statements referred to in Section 4.01(e) ("GAAP").

                                   ARTICLE II

                        AMOUNTS AND TERMS OF THE ADVANCES

                                       10
<PAGE>

                  SECTION 2.01. The Revolving Credit Advances. Each Lender
severally agrees, on the terms and conditions hereinafter set forth, to make
Revolving Credit Advances to the Borrowers from time to time on any Business Day
during the period from the Effective Date until the Termination Date in an
aggregate amount not to exceed at any time outstanding such Lender's Commitment
provided that the aggregate amount of the Commitments of the Lenders shall be
deemed used from time to time to the extent of the aggregate amount of the
Competitive Bid Advances then outstanding and such deemed use of the aggregate
amount of the Commitments shall be allocated among the Lenders ratably according
to their respective Commitments (such deemed use of the aggregate amount of the
Commitments being a "Competitive Bid Reduction"). Each Revolving Credit
Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple
of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances
of the same Type made on the same day by the Lenders ratably according to their
respective Commitments. Within the limits of each Lender's Commitment, the
Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.10
and reborrow under this Section 2.01.

                  SECTION 2.02. Making the Revolving Credit Advances. (a) Each
Revolving Credit Borrowing shall be made on notice, given not later than (x)
11:00 A.M. (New York City time) on the third Business Day prior to the date of
the proposed Revolving Credit Borrowing in the case of a Revolving Credit
Borrowing consisting of Eurodollar Rate Advances or (y) 11:00 A.M. (New York
City time) on the date of the proposed Revolving Credit Borrowing in the case of
a Revolving Credit Borrowing consisting of Base Rate Advances, by the applicable
Borrower to the Agent, which shall give to each Lender prompt notice thereof by
telecopier. Each such notice of a Revolving Credit Borrowing (a "Notice of
Revolving Credit Borrowing") shall be by telephone, confirmed immediately in
writing, or telecopier in substantially the form of Exhibit B-1 hereto,
specifying therein the requested (i) date of such Revolving Credit Borrowing,
(ii) Type of Advances comprising such Revolving Credit Borrowing, (iii)
aggregate amount of such Revolving Credit Borrowing, and (iv) in the case of a
Revolving Credit Borrowing consisting of Eurodollar Rate Advances, initial
Interest Period for each such Revolving Credit Advance. Each Lender shall,
before 1:00 P.M. (New York City time) on the date of such Revolving Credit
Borrowing make available for the account of its Applicable Lending Office to the
Agent at the Agent's Account, in same day funds, such Lender's ratable portion
of such Revolving Credit Borrowing. After the Agent's receipt of such funds and
upon fulfillment of the applicable conditions set forth in Article III, the
Agent will make such funds available to the applicable Borrower at the Agent's
address referred to in Section 9.02. Each Borrower hereby authorizes the Company
to deliver each Notice of Borrowing on behalf of such Borrower.

                  (b)      Anything in subsection (a) above to the contrary
notwithstanding, (i) a Borrower may not select Eurodollar Rate Advances for any
Revolving Credit Borrowing if the aggregate amount of such Revolving Credit
Borrowing is less than $10,000,000 or if the obligation of the Lenders to make
Eurodollar Rate Advances shall then be suspended pursuant to Section 2.08 or
2.12 and (ii) the Eurodollar Rate Advances may not be outstanding as part of
more than six separate Revolving Credit Borrowings.

                  (c)      Each Notice of Revolving Credit Borrowing shall be
irrevocable and binding on the applicable Borrower. In the case of any Revolving
Credit Borrowing that the related Notice of Revolving Credit Borrowing specifies
is to be comprised of Eurodollar Rate Advances, the Borrowers shall jointly and
severally indemnify each Lender against any loss, cost or expense incurred by
such Lender as a result of any failure to fulfill on or before the date
specified in such Notice of Revolving Credit Borrowing for such Revolving Credit
Borrowing the applicable conditions set forth in Article III, including, without
limitation, any loss (including loss of anticipated profits), cost or expense
incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by such Lender to fund the Revolving Credit Advance to be made by such
Lender as part of such Revolving Credit Borrowing when such Revolving Credit
Advance, as a result of such failure, is not made on such date.

                  (d)      Unless the Agent shall have received notice from a
Lender prior to the date of any Revolving Credit Borrowing that such Lender will
not make available to the Agent such Lender's ratable portion of such Revolving
Credit Borrowing, the Agent may assume that such Lender has made such portion
available to the Agent on the date of such Revolving Credit Borrowing in
accordance with subsection (a) of this Section 2.02 and the Agent may, in
reliance upon such assumption, make available to the applicable Borrower on such
date a corresponding amount. If and to the extent that such Lender shall not
have so made such ratable portion available to the Agent, such Lender and the
Borrowers severally agree to repay (and all the Borrowers jointly and severally
agree to repay) to the Agent forthwith on demand such corresponding amount
together with interest thereon, for each day from the date such amount is made
available to the applicable Borrower until the date such amount is repaid to the

                                       11
<PAGE>

Agent, at (i) in the case of the Borrowers, the interest rate applicable at the
time to Revolving Credit Advances comprising such Revolving Credit Borrowing and
(ii) in the case of such Lender, the Federal Funds Rate. If such Lender shall
repay to the Agent such corresponding amount, such amount so repaid shall
constitute such Lender's Revolving Credit Advance as part of such Revolving
Credit Borrowing for purposes of this Agreement.

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

                  SECTION 2.03. The Competitive Bid Advances. (a) Each Lender
severally agrees that the Borrowers may make Competitive Bid Borrowings under
this Section 2.03 from time to time on any Business Day during the period from
the date hereof until the date occurring 30 days prior to the Termination Date
in the manner set forth below; provided that, following the making of each
Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding
shall not exceed the aggregate amount of the Commitments of the Lenders
(computed without regard to any Competitive Bid Reduction).

                  (i)      The Company may request on behalf of one or more
         Borrowers a Competitive Bid Borrowing under this Section 2.03 by
         delivering to the Agent, by telecopier, a notice of a Competitive Bid
         Borrowing (a "Notice of Competitive Bid Borrowing"), in substantially
         the form of Exhibit B-2 hereto, specifying therein the requested (v)
         date of such proposed Competitive Bid Borrowing, (w) aggregate amount
         of such proposed Competitive Bid Borrowing, (x) in the case of a
         Competitive Bid Borrowing consisting of LIBO Rate Advances, Interest
         Period, or in the case of a Competitive Bid Borrowing consisting of
         Fixed Rate Advances, maturity date for repayment of each Fixed Rate
         Advance to be made as part of such Competitive Bid Borrowing (which
         maturity date may not be earlier than the date occurring 30 days after
         the date of such Competitive Bid Borrowing or later than the
         Termination Date), (y) interest payment date or dates relating thereto,
         and (z) other terms (if any) to be applicable to such Competitive Bid
         Borrowing, not later than 10:00 A.M. (New York City time) (A) at least
         one Business Day prior to the date of the proposed Competitive Bid
         Borrowing, if the Company shall specify in the Notice of Competitive
         Bid Borrowing that the rates of interest to be offered by the Lenders
         shall be fixed rates per annum (the Advances comprising any such
         Competitive Bid Borrowing being referred to herein as "Fixed Rate
         Advances") and (B) at least four Business Days prior to the date of the
         proposed Competitive Bid Borrowing, if the Company shall instead
         specify in the Notice of Competitive Bid Borrowing that the Advances
         comprising such Competitive Bid Borrowing shall be LIBO Rate Advances.
         Each Notice of Competitive Bid Borrowing shall be irrevocable and
         binding on the Borrowers. The Agent shall in turn promptly notify each
         Lender of each request for a Competitive Bid Borrowing received by it
         from the Company by sending such Lender a copy of the related Notice of
         Competitive Bid Borrowing.

                  (ii)     Each Lender may, if, in its sole discretion, it
         elects to do so, irrevocably offer to make one or more Competitive Bid
         Advances to the Borrowers as part of such proposed Competitive Bid
         Borrowing at a rate or rates of interest specified by such Lender in
         its sole discretion, by notifying the Agent (which shall give prompt
         notice thereof to the Company), (A) before 9:30 A.M. (New York City
         time) on the date of such proposed Competitive Bid Borrowing, in the
         case of a Competitive Bid Borrowing consisting of Fixed Rate Advances
         and (B) before 10:00 A.M. (New York City time) three Business Days
         before the date of such proposed Competitive Bid Borrowing, in the case
         of a Competitive Bid Borrowing consisting of LIBO Rate Advances of the
         minimum amount and maximum amount of each Competitive Bid Advance which
         such Lender would be willing to make as part of such proposed
         Competitive Bid Borrowing (which amounts of such proposed Competitive
         Bid may, subject to the proviso to the first sentence of this Section
         2.03(a), exceed such Lender's Commitment, if any), the rate or rates of
         interest therefor and such Lender's Applicable Lending Office with
         respect to such Competitive Bid Advance; provided that if the Agent in
         its capacity as a Lender shall, in its sole discretion, elect to make
         any such offer, it shall notify the Company of such offer at least 30
         minutes before the time and on the date on which notice of such
         election is to be given to the Agent, by the other Lenders. If any
         Lender shall elect

                                       12
<PAGE>

         not to make such an offer, such Lender shall so notify the Agent before
         10:00 A.M. (New York City time), and such Lender shall not be obligated
         to, and shall not, make any Competitive Bid Advance as part of such
         Competitive Bid Borrowing; provided that the failure by any Lender to
         give such notice shall not cause such Lender to be obligated to make
         any Competitive Bid Advance as part of such proposed Competitive Bid
         Borrowing.

                  (iii)    The Company shall, in turn, (A) before 10:30 A.M.
         (New York City time) on the date of such proposed Competitive Bid
         Borrowing, in the case of a Competitive Bid Borrowing consisting of
         Fixed Rate Advances and (B) before 11:00 A.M. (New York City time)
         three Business Days before the date of such proposed Competitive Bid
         Borrowing, in the case of a Competitive Bid Borrowing consisting of
         LIBO Rate Advances, either:

                           (x)      cancel such Competitive Bid Borrowing by
                  giving the Agent notice to that effect, or

                           (y)      accept for itself or on behalf of one or
                  more Borrowers one or more of the offers made by any Lender or
                  Lenders pursuant to paragraph (ii) above, in its sole
                  discretion, by giving notice to the Agent of the amount of
                  each Competitive Bid Advance (which amount shall be equal to
                  or greater than the minimum amount, and equal to or less than
                  the maximum amount, notified to the Company by the Agent on
                  behalf of such Lender for such Competitive Bid Advance
                  pursuant to paragraph (ii) above) to be made by each Lender as
                  part of such Competitive Bid Borrowing, and reject any
                  remaining offers made by Lenders pursuant to paragraph (ii)
                  above by giving the Agent notice to that effect. The Company
                  shall accept the offers made by any Lender or Lenders to make
                  Competitive Bid Advances in order of the lowest to the highest
                  rates of interest offered by such Lenders. If two or more
                  Lenders have offered the same interest rate, the amount to be
                  borrowed at such interest rate will be allocated among such
                  Lenders in proportion to the amount that each such Lender
                  offered at such interest rate.

                  (iv)     If the Company notifies the Agent that such
         Competitive Bid Borrowing is cancelled pursuant to paragraph (iii)(x)
         above, the Agent shall give prompt notice thereof to the Lenders and
         such Competitive Bid Borrowing shall not be made.

                  (v)      If the Company accepts for itself or on behalf of one
         or more Borrowers one or more of the offers made by any Lender or
         Lenders pursuant to paragraph (iii)(y) above, the Agent shall in turn
         promptly notify (A) each Lender that has made an offer as described in
         paragraph (ii) above, of the date and aggregate amount of such
         Competitive Bid Borrowing and whether or not any offer or offers made
         by such Lender pursuant to paragraph (ii) above have been accepted by
         the Company, (B) each Lender that is to make a Competitive Bid Advance
         as part of such Competitive Bid Borrowing, of the amount of each
         Competitive Bid Advance to be made by such Lender as part of such
         Competitive Bid Borrowing, and (C) each Lender that is to make a
         Competitive Bid Advance as part of such Competitive Bid Borrowing, upon
         receipt, that the Agent has received forms of documents appearing to
         fulfill the applicable conditions set forth in Article III. Each Lender
         that is to make a Competitive Bid Advance as part of such Competitive
         Bid Borrowing shall, before 11:00 A.M. (New York City time) on the date
         of such Competitive Bid Borrowing specified in the notice received from
         the Agent pursuant to clause (A) of the preceding sentence or any later
         time when such Lender shall have received notice from the Agent
         pursuant to clause (C) of the preceding sentence, make available for
         the account of its Applicable Lending Office to the Agent at its
         address referred to in Section 8.02, in same day funds, such Lender's
         portion of such Competitive Bid Borrowing. Upon fulfillment of the
         applicable conditions set forth in Article III and promptly after
         receipt by the Agent of such funds, the Agent will make such funds
         available to the Borrowers at the location specified by the Company in
         its Notice of Competitive Bid Borrowing. Promptly after each
         Competitive Bid Borrowing the Agent will notify each Lender of the
         amount of the Competitive Bid Borrowing, the consequent Competitive Bid
         Reduction and the dates upon which such Competitive Bid Reduction
         commenced and will terminate.

                                       13
<PAGE>

                  (vi)     If the Company notifies the Agent that it accepts for
         itself or on behalf of one or more Borrowers one or more of the offers
         made by any Lender or Lenders pursuant to paragraph (iii)(y) above,
         such notice of acceptance shall be irrevocable and binding on the
         Borrowers. The Borrowers shall jointly and severally indemnify each
         Lender against any loss, cost or expense incurred by such Lender as a
         result of any failure to fulfill on or before the date specified in the
         related Notice of Competitive Bid Borrowing for such Competitive Bid
         Borrowing the applicable conditions set forth in Article III,
         including, without limitation, any loss (including loss of anticipated
         profits), cost or expense incurred by reason of the liquidation or
         reemployment of deposits or other funds acquired by such Lender to fund
         the Competitive Bid Advance to be made by such Lender as part of such
         Competitive Bid Borrowing when such Competitive Bid Advance, as a
         result of such failure, is not made on such date.

                  (b)      Each Competitive Bid Borrowing shall be in an
aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess
thereof and, following the making of each Competitive Bid Borrowing, the
Borrowers shall be in compliance with the limitation set forth in the proviso to
the first sentence of subsection (a) above.

                  (c)      Within the limits and on the conditions set forth in
this Section 2.03, the Borrowers may from time to time borrow under this Section
2.03, repay or prepay pursuant to subsection (d) below, and reborrow under this
Section 2.03, provided that a Competitive Bid Borrowing shall not be made within
three Business Days of the date of any other Competitive Bid Borrowing.

                  (d)      The Borrowers jointly and severally agree to repay to
the Agent for the account of each Lender that has made a Competitive Bid
Advance, on the maturity date of each Competitive Bid Advance (such maturity
date being that specified by the Company for repayment of such Competitive Bid
Advance in the related Notice of Competitive Bid Borrowing delivered pursuant to
subsection (a)(i) above and provided in the Competitive Bid Note evidencing such
Competitive Bid Advance), the then unpaid principal amount of such Competitive
Bid Advance. The Borrowers shall have no right to prepay any principal amount of
any Competitive Bid Advance unless, and then only on the terms, specified by the
Company for such Competitive Bid Advance in the related Notice of Competitive
Bid Borrowing delivered pursuant to subsection (a)(i) above and set forth in the
Competitive Bid Note evidencing such Competitive Bid Advance.

                  (e)      The Borrowers jointly and severally agree to pay
interest on the unpaid principal amount of each Competitive Bid Advance from the
date of such Competitive Bid Advance to the date the principal amount of such
Competitive Bid Advance is repaid in full, at the rate of interest for such
Competitive Bid Advance specified by the Lender making such Competitive Bid
Advance in its notice with respect thereto delivered pursuant to subsection
(a)(ii) above, payable on the interest payment date or dates specified by the
Company for such Competitive Bid Advance in the related Notice of Competitive
Bid Borrowing delivered pursuant to subsection (a)(i) above, as provided in the
Competitive Bid Note evidencing such Competitive Bid Advance. Upon the
occurrence and during the continuance of an Event of Default, the Borrowers
jointly and severally agree to pay interest on the amount of unpaid principal of
and interest on each Competitive Bid Advance owing to a Lender, payable in
arrears on the date or dates interest is payable thereon, at a rate per annum
equal at all times to 2% per annum above the rate per annum required to be paid
on such Competitive Bid Advance under the terms of the Competitive Bid Note
evidencing such Competitive Bid Advance unless otherwise agreed in such
Competitive Bid Note.

                  (f)      The indebtedness of the Borrowers resulting from each
Competitive Bid Advance made to any Borrower as part of a Competitive Bid
Borrowing shall be evidenced by a separate Competitive Bid Note payable to the
order of the Lender making such Competitive Bid Advance.

                  SECTION 2.04.  Fees.  (a)  Facility Fee.  The Borrowers
jointly and severally agree to pay to the Agent for the account of each Lender a
facility fee on the aggregate amount of such Lender's Commitment from the
Effective Date in the case of each Initial Lender and from the effective date
specified in the Assignment and Acceptance pursuant to which it became a Lender
in the case of each other Lender until the Termination Date at a rate per annum
equal to the Applicable Percentage in effect from time to time, payable in
arrears quarterly on the last day of each March, June, September and December,
commencing June 30, 2002, and on the Termination Date.

                                       14
<PAGE>

                  (b)      Agent's Fees. The Borrowers jointly and severally
agree to pay to the Agent for its own account such fees as may from time to time
be agreed between the Company and the Agent.

                  SECTION 2.05. Optional Termination or Reduction of the
Commitments. The Company shall have the right, upon at least three Business
Days' notice to the Agent, to terminate in whole or permanently reduce ratably
in part the unused portions of the respective Commitments of the Lenders,
provided that each partial reduction shall be in the aggregate amount of
$10,000,000 or an integral multiple of $1,000,000 in excess thereof and provided
further that the aggregate amount of the Commitments of the Lenders shall not be
reduced to an amount that is less than the aggregate principal amount of the
Competitive Bid Advances then outstanding.

                  SECTION 2.06. Repayment of Revolving Credit Advances. The
Borrowers jointly and severally agree to repay to the Agent for the ratable
account of the Lenders on the Termination Date the aggregate principal amount of
the Revolving Credit Advances then outstanding.

                  SECTION 2.07. Interest on Revolving Credit Advances. (a)
Scheduled Interest. The Borrowers jointly and severally agree to pay interest on
the unpaid principal amount of each Revolving Credit Advance owing to each
Lender from the date of such Revolving Credit Advance until such principal
amount shall be paid in full, at the following rates per annum:

                  (i)      Base Rate Advances. During such periods as such
         Revolving Credit Advance is a Base Rate Advance, a rate per annum equal
         at all times to the sum of (x) the Base Rate in effect from time to
         time plus (y) the Applicable Margin in effect from time to time plus
         (z) the Applicable Utilization Fee in effect from time to time, payable
         in arrears quarterly on the last day of each March, June, September and
         December during such periods and on the date such Base Rate Advance
         shall be Converted or paid in full.

                  (ii)     Eurodollar Rate Advances. During such periods as such
         Revolving Credit Advance is a Eurodollar Rate Advance, a rate per annum
         equal at all times during each Interest Period for such Revolving
         Credit Advance to the sum of (x) the Eurodollar Rate for such Interest
         Period for such Revolving Credit Advance plus (y) the Applicable Margin
         in effect from time to time plus (z) the Applicable Utilization Fee in
         effect from time to time, payable in arrears on the last day of such
         Interest Period and, if such Interest Period has a duration of more
         than three months, on each day that occurs during such Interest Period
         every three months from the first day of such Interest Period and on
         the date such Eurodollar Rate Advance shall be Converted or paid in
         full.

                  (b)      Default Interest. Upon the occurrence and during the
continuance of an Event of Default, the Borrowers jointly and severally agree to
pay interest on (i) the unpaid principal amount of each Revolving Credit Advance
owing to each Lender, payable in arrears on the dates referred to in clause
(a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per annum
above the rate per annum required to be paid on such Revolving Credit Advance
pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent
permitted by law, the amount of any interest, fee or other amount payable
hereunder that is not paid when due, from the date such amount shall be due
until such amount shall be paid in full, payable in arrears on the date such
amount shall be paid in full and on demand, at a rate per annum equal at all
times to 2% per annum above the rate per annum required to be paid on Base Rate
Advances pursuant to clause (a)(i) above.

                  SECTION 2.08. Interest Rate Determination. (a) Each Reference
Bank agrees to furnish to the Agent timely information for the purpose of
determining each Eurodollar Rate and each LIBO Rate. If any one or more of the
Reference Banks shall not furnish such timely information to the Agent for the
purpose of determining any such interest rate, the Agent shall determine such
interest rate on the basis of timely information furnished by the remaining
Reference Banks. The Agent shall give prompt notice to the Company and the
Lenders of the applicable interest rate determined by the Agent for purposes of
Section 2.07(a)(i) or (ii), and the rate, if any, furnished by each Reference
Bank for the purpose of determining the interest rate under Section 2.07(a)(ii).

                  (b) If, with respect to any Eurodollar Rate Advances, the
Required Lenders notify the Agent that the Eurodollar Rate for any Interest
Period for such Advances will not adequately reflect the cost to such Required
Lenders of making, funding or maintaining their respective Eurodollar Rate
Advances for such Interest

                                       15
<PAGE>

Period, the Agent shall forthwith so notify the Company and the Lenders,
whereupon (i) each Eurodollar Rate Advance will automatically, on the last day
of the then existing Interest Period therefor, Convert into a Base Rate Advance,
and (ii) the obligation of the Lenders to make, or to Convert Revolving Credit
Advances into, Eurodollar Rate Advances shall be suspended until the Agent shall
notify the Company and the Lenders that the circumstances causing such
suspension no longer exist.

                  (c)      If the applicable Borrower shall fail to select the
duration of any Interest Period for any Eurodollar Rate Advances in accordance
with the provisions contained in the definition of "Interest Period" in Section
1.01, the Agent will forthwith so notify such Borrower and the Lenders and such
Advances will automatically, on the last day of the then existing Interest
Period therefor, be Converted into Base Rate Advances.

                  (d)      On the date on which the aggregate unpaid principal
amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by
payment or prepayment or otherwise, to less than $10,000,000, such Advances
shall automatically Convert into Base Rate Advances.

                  (e)      Upon the occurrence and during the continuance of any
Event of Default, (i) each Eurodollar Rate Advance will automatically, on the
last day of the then existing Interest Period therefor, Convert into a Base Rate
Advance and (ii) the obligation of the Lenders to make, or to Convert Advances
into, Eurodollar Rate Advances shall be suspended.

                  (f)      If Telerate Markets Page 3750 is unavailable and
fewer than two Reference Banks furnish timely information to the Agent for
determining the Eurodollar Rate or LIBO Rate for any Eurodollar Rate Advances or
LIBO Rate Advances, as the case may be,

                  (i)      the Agent shall forthwith notify the Company and the
         Lenders that the interest rate cannot be determined for such Eurodollar
         Rate Advances or LIBO Rate Advances, as the case may be,

                  (ii)     with respect to Eurodollar Rate Advances, each such
         Advance will automatically, on the last day of the then existing
         Interest Period therefor, be prepaid by the Borrowers or, at the
         applicable Borrower's option, be automatically Converted into a Base
         Rate Advance (or if such Advance is then a Base Rate Advance, will
         continue as a Base Rate Advance), and

                  (iii)    the obligation of the Lenders to make Eurodollar Rate
         Advances or LIBO Rate Advances or to Convert Revolving Credit Advances
         into Eurodollar Rate Advances shall be suspended until the Agent shall
         notify the Company and the Lenders that the circumstances causing such
         suspension no longer exist.

                  SECTION 2.09. Optional Conversion of Revolving Credit
Advances. Any Borrower may on any Business Day, upon notice given to the Agent
not later than 11:00 A.M. (New York City time) on the third Business Day prior
to the date of the proposed Conversion and subject to the provisions of Sections
2.08 and 2.12, Convert all Revolving Credit Advances made to it of one Type
comprising the same Borrowing into Revolving Credit Advances of the other Type;
provided, however, that any Conversion of Eurodollar Rate Advances into Base
Rate Advances shall be made only on the last day of an Interest Period for such
Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar
Rate Advances shall be in an amount not less than the minimum amount specified
in Section 2.02(b) and no Conversion of any Revolving Credit Advances shall
result in more separate Revolving Credit Borrowings than permitted under Section
2.02(b). Each such notice of a Conversion shall, within the restrictions
specified above, specify (i) the date of such Conversion, (ii) the Revolving
Credit Advances to be Converted, and (iii) if such Conversion is into Eurodollar
Rate Advances, the duration of the initial Interest Period for each such
Advance. Each notice of Conversion shall be irrevocable and binding on the
applicable Borrower.

                  SECTION 2.10. Prepayments of Revolving Credit Advances. The
applicable Borrower may, upon notice at least three Business Days' prior to the
date of such prepayment, in the case of Eurodollar Rate Advances, and not later
than 11:00 A.M. (New York City time) on the date of such prepayment, in the case
of Base Rate Advances, to the Agent stating the proposed date and aggregate
principal amount of the prepayment, and if such notice is given the Borrowers
jointly and severally agree to, prepay the outstanding principal amount of the

                                       16
<PAGE>

Revolving Credit Advances comprising part of the same Revolving Credit Borrowing
in whole or ratably in part, together with accrued interest to the date of such
prepayment on the principal amount prepaid; provided, however, that (x) each
partial prepayment shall be in an aggregate principal amount of $10,000,000 or
an integral multiple of $1,000,000 in excess thereof and (y) in the event of any
such prepayment of a Eurodollar Rate Advance, the Borrowers shall be obligated,
jointly and severally, to reimburse the Lenders in respect thereof pursuant to
Section 9.04(c).

                  SECTION 2.11. Increased Costs. (a) If, due to either (i) the
introduction of or any change in or in the interpretation of any law or
regulation or (ii) the compliance with any guideline or request from any central
bank or other governmental authority (whether or not having the force of law),
there shall be any increase in the cost to any Lender of agreeing to make or
making, funding or maintaining Eurodollar Rate Advances or LIBO Rate Advances
(excluding for purposes of this Section 2.11 any such increased costs resulting
from (i) Taxes or Other Taxes (as to which Section 2.14 shall govern) and (ii)
changes in the basis of taxation of overall net income or overall gross income
by the United States or by the foreign jurisdiction or state under the laws of
which such Lender is organized or has its Applicable Lending Office or any
political subdivision thereof), then the Borrowers shall from time to time, upon
demand by such Lender (with a copy of such demand to the Agent), pay to the
Agent for the account of such Lender additional amounts sufficient to compensate
such Lender for such increased cost. A certificate as to the amount of such
increased cost, submitted to the Borrowers and the Agent by such Lender, shall
be conclusive and binding for all purposes, absent manifest error.

                  (b)      If any Lender determines that compliance with any law
or regulation or any guideline or request from any central bank or other
governmental authority (whether or not having the force of law) affects or would
affect the amount of capital required or expected to be maintained by such
Lender or any corporation controlling such Lender and that the amount of such
capital is increased by or based upon the existence of such Lender's commitment
to lend hereunder and other commitments of this type, then, upon demand by such
Lender (with a copy of such demand to the Agent), the Borrowers shall pay to the
Agent for the account of such Lender, from time to time as specified by such
Lender, additional amounts sufficient to compensate such Lender or such
corporation in the light of such circumstances, to the extent that such Lender
reasonably determines such increase in capital to be allocable to the existence
of such Lender's commitment to lend hereunder. A certificate as to such amounts
submitted to the Borrowers and the Agent by such Lender shall be conclusive and
binding for all purposes, absent manifest error.

                  SECTION 2.12. Illegality. Notwithstanding any other provision
of this Agreement, if any Lender shall notify the Agent that the introduction of
or any change in or in the interpretation of any law or regulation makes it
unlawful, or any central bank or other governmental authority asserts that it is
unlawful, for any Lender or its Eurodollar Lending Office to perform its
obligations hereunder to make Eurodollar Rate Advances or to fund or maintain
Eurodollar Rate Advances hereunder, (a) each Eurodollar Rate Advance will
automatically, upon such demand, Convert into a Base Rate Advance and (b) the
obligation of the Lenders to make Eurodollar Rate Advances or LIBO Rate Advances
or to Convert Revolving Credit Advances into Eurodollar Rate Advances shall be
suspended until the Agent shall notify the Company and the Lenders that the
circumstances causing such suspension no longer exist.

                  SECTION 2.13. Payments and Computations. (a) The Borrowers
shall make each payment hereunder not later than 11:00 A.M. (New York City time)
on the day when due to the Agent at the Agent's Account in same day funds. The
Agent will promptly thereafter cause to be distributed like funds relating to
the payment of principal or interest or facility fees ratably (other than
amounts payable pursuant to Section 2.03, 2.11, 2.14 or 9.04(c)) to the Lenders
for the account of their respective Applicable Lending Offices, and like funds
relating to the payment of any other amount payable to any Lender to such Lender
for the account of its Applicable Lending Office, in each case to be applied in
accordance with the terms of this Agreement. Upon its acceptance of an
Assignment and Acceptance and recording of the information contained therein in
the Register pursuant to Section 8.07(c), from and after the effective date
specified in such Assignment and Acceptance, the Agent shall make all payments
hereunder and under the Notes in respect of the interest assigned thereby to the
Lender assignee thereunder, and the parties to such Assignment and Acceptance
shall make all appropriate adjustments in such payments for periods prior to
such effective date directly between themselves.

                                       17
<PAGE>

                  (b)      The Borrowers hereby authorize each Lender, if and to
the extent payment owed to such Lender is not made when due hereunder or under
the Note held by such Lender, to charge from time to time against any or all of
the Borrowers' accounts with such Lender any amount so due.

                  (c)      All computations of interest based on the Base Rate
shall be made by the Agent on the basis of a year of 365 or 366 days, as the
case may be, all computations of interest based on the Eurodollar Rate, the LIBO
Rate or the Federal Funds Rate or in respect of Fixed Rate Advances and of
facility fees shall be made by the Agent on the basis of a year of 360 days, in
each case for the actual number of days (including the first day but excluding
the last day) occurring in the period for which such interest or facility fees
are payable. Each determination by the Agent of an interest rate hereunder shall
be conclusive and binding for all purposes, absent manifest error.

                  (d)      Whenever any payment hereunder or under the Notes
shall be stated to be due on a day other than a Business Day, such payment shall
be made on the next succeeding Business Day, and such extension of time shall in
such case be included in the computation of payment of interest or facility fee,
as the case may be; provided, however, that, if such extension would cause
payment of interest on or principal of Eurodollar Rate Advances or LIBO Rate
Advances to be made in the next following calendar month, such payment shall be
made on the next preceding Business Day.

                  (e)      Unless the Agent shall have received notice from the
applicable Borrower prior to the date on which any payment is due to the Lenders
hereunder that such Borrower will not make such payment in full, the Agent may
assume that such Borrower has made such payment in full to the Agent on such
date and the Agent may, in reliance upon such assumption, cause to be
distributed to each Lender on such due date an amount equal to the amount then
due such Lender. If and to the extent such Borrower shall not have so made such
payment in full to the Agent, each Lender shall repay to the Agent forthwith on
demand such amount distributed to such Lender together with interest thereon,
for each day from the date such amount is distributed to such Lender until the
date such Lender repays such amount to the Agent, at the Federal Funds Rate.

                  SECTION 2.14. Taxes. (a) Any and all payments by the Borrowers
hereunder or under the Notes shall be made, in accordance with Section 2.13,
free and clear of and without deduction for any and all present or future taxes,
levies, imposts, deductions, charges or withholdings, and all liabilities with
respect thereto, excluding, in the case of each Lender and the Agent, taxes
imposed on its overall net income, and franchise taxes imposed on it in lieu of
net income taxes, by the jurisdiction under the laws of which such Lender or the
Agent (as the case may be) is organized or any political subdivision thereof
and, in the case of each Lender, taxes imposed on its overall net income, and
franchise taxes imposed on it in lieu of net income taxes, by the jurisdiction
of such Lender's Applicable Lending Office or any political subdivision thereof
(all such non-excluded taxes, levies, imposts, deductions, charges, withholdings
and liabilities in respect of payments hereunder or under the Notes being
hereinafter referred to as "Taxes"). If any Borrower shall be required by law to
deduct any Taxes from or in respect of any sum payable hereunder or under any
Note to any Lender or the Agent, (i) the sum payable shall be increased as may
be necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section 2.14) such Lender or
the Agent (as the case may be) receives an amount equal to the sum it would have
received had no such deductions been made, (ii) the applicable Borrower shall
make such deductions and (iii) the applicable Borrower shall pay the full amount
deducted to the relevant taxation authority or other authority in accordance
with applicable law.

                  (b)      In addition, the Borrowers shall pay any present or
future stamp or documentary taxes or any other excise or property taxes, charges
or similar levies that arise from any payment made hereunder or under the Notes
or from the execution, delivery or registration of, performing under, or
otherwise with respect to, this Agreement or the Notes (hereinafter referred to
as "Other Taxes").

                  (c)      The Borrowers shall jointly and severally indemnify
each Lender and the Agent for and hold it harmless against the full amount of
Taxes or Other Taxes (including, without limitation, taxes of any kind imposed
by any jurisdiction on amounts payable under this Section 2.14) imposed on or
paid by such Lender or the Agent (as the case may be) and any liability
(including penalties, interest and expenses) arising therefrom or with respect
thereto. This indemnification shall be made within 30 days from the date such
Lender or the Agent (as the case may be) makes written demand therefor.

                                       18
<PAGE>

                  (d)      Within 30 days after the date of any payment of
Taxes, the applicable Borrower shall furnish to the Agent, at its address
referred to in Section 9.02, the original or a certified copy of a receipt
evidencing such payment. In the case of any payment hereunder or under the Notes
by or on behalf of such Borrower through an account or branch outside the United
States or by or on behalf of such Borrower by a payor that is not a United
States person, if such Borrower determines that no Taxes are payable in respect
thereof, such Borrower shall furnish, or shall cause such payor to furnish, to
the Agent, at such address, an opinion of counsel acceptable to the Agent
stating that such payment is exempt from Taxes. For purposes of this subsection
(d) and subsection (e), the terms "United States" and "United States person"
shall have the meanings specified in Section 7701 of the Internal Revenue Code.

                  (e)      Each Lender organized under the laws of a
jurisdiction outside the United States, on or prior to the date of its execution
and delivery of this Agreement in the case of each Initial Lender and on the
date of the Assumption Agreement or the Assignment and Acceptance pursuant to
which it becomes a Lender in the case of each other Lender, and from time to
time thereafter as requested in writing by the Company (but only so long as such
Lender remains lawfully able to do so), shall provide each of the Agent and the
Company with two original Internal Revenue Service forms W-8BEN or W-8ECI, as
appropriate, or any successor or other form prescribed by the Internal Revenue
Service, certifying that such Lender is exempt from or entitled to a reduced
rate of United States withholding tax on payments pursuant to this Agreement or
the Notes. If the form provided by a Lender at the time such Lender first
becomes a party to this Agreement indicates a United States interest withholding
tax rate in excess of zero, withholding tax at such rate shall be considered
excluded from Taxes unless and until such Lender provides the appropriate forms
certifying that a lesser rate applies, whereupon withholding tax at such lesser
rate only shall be considered excluded from Taxes for periods governed by such
form; provided, however, that, if at the date of the Assignment and Acceptance
pursuant to which a Lender assignee becomes a party to this Agreement, the
Lender assignor was entitled to payments under subsection (a) in respect of
United States withholding tax with respect to interest paid at such date, then,
to such extent, the term Taxes shall include (in addition to withholding taxes
that may be imposed in the future or other amounts otherwise includable in
Taxes) United States withholding tax, if any, applicable with respect to the
Lender assignee on such date. If any form or document referred to in this
subsection (e) requires the disclosure of information, other than information
necessary to compute the tax payable and information required on the date hereof
by Internal Revenue Service form W-8BEN or W-8ECI, that the Lender reasonably
considers to be confidential, the Lender shall give notice thereof to the
Company and shall not be obligated to include in such form or document such
confidential information.

                  (f)      For any period with respect to which a Lender has
failed to provide the Company with the appropriate form described in Section
2.14(e) (other than if such failure is due to a change in law occurring
subsequent to the date on which a form originally was required to be provided,
or if such form otherwise is not required under subsection (e) above), such
Lender shall not be entitled to indemnification under Section 2.14(a) or (c)
with respect to Taxes imposed by the United States by reason of such failure;
provided, however, that should a Lender become subject to Taxes because of its
failure to deliver a form required hereunder, the Borrowers shall take such
steps as the Lender shall reasonably request to assist the Lender to recover
such Taxes.

                  (g)      Any Lender claiming any additional amounts payable
pursuant to this Section 2.14 agrees to use reasonable efforts (consistent with
its internal policy and legal and regulatory restrictions) to change the
jurisdiction of its Eurodollar Lending Office if the making of such a change
would avoid the need for, or reduce the amount of, any such additional amounts
that may thereafter accrue and would not, in the reasonable judgment of such
Lender, be otherwise disadvantageous to such Lender.

                  SECTION 2.15. Sharing of Payments, Etc. If any Lender shall
obtain any payment (whether voluntary, involuntary, through the exercise of any
right of set-off, or otherwise) on account of the Revolving Credit Advances
owing to it (other than pursuant to Section 2.11, 2.14 or 9.04(c)) in excess of
its ratable share of payments on account of the Revolving Credit Advances
obtained by all the Lenders, such Lender shall forthwith purchase from the other
Lenders such participations in the Revolving Credit Advances owing to them as
shall be necessary to cause such purchasing Lender to share the excess payment
ratably with each of them; provided, however, that if all or any portion of such
excess payment is thereafter recovered from such purchasing Lender, such
purchase from each Lender shall be rescinded and such Lender shall repay to the
purchasing Lender the purchase price to the extent of such recovery together
with an amount equal to such Lender's ratable share (according to the proportion
of (i) the amount of such Lender's required repayment to (ii) the total amount
so recovered from the purchasing Lender) of

                                       19
<PAGE>

any interest or other amount paid or payable by the purchasing Lender in respect
of the total amount so recovered. The Borrowers agree that any Lender so
purchasing a participation from another Lender pursuant to this Section 2.15
may, to the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off) with respect to such participation as fully as
if such Lender were the direct creditor of the Borrowers in the amount of such
participation.

                  SECTION 2.16. Evidence of Debt. (a) Each Lender shall maintain
in accordance with its usual practice an account or accounts evidencing the
indebtedness of the Borrowers to such Lender resulting from each Revolving
Credit Advance owing to such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time
hereunder in respect of Revolving Credit Advances. The Borrowers agree that upon
notice by any Lender to the Borrowers (with a copy of such notice to the Agent)
to the effect that a Revolving Credit Note is required or appropriate in order
for such Lender to evidence (whether for purposes of pledge, enforcement or
otherwise) the Revolving Credit Advances owing to, or to be made by, such
Lender, the Borrowers shall promptly execute and deliver to such Lender a
Revolving Credit Note payable to the order of such Lender in a principal amount
up to the Commitment of such Lender.

                  (b)      The Register maintained by the Agent pursuant to
Section 9.07(d) shall include a control account, and a subsidiary account for
each Lender, in which accounts (taken together) shall be recorded (i) the date
and amount of each Borrowing made hereunder, the Type of Advances comprising
such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii)
the terms of each Assignment and Acceptance delivered to and accepted by it,
(iii) the amount of any principal or interest due and payable or to become due
and payable from each Borrower to each Lender hereunder and (iv) the amount of
any sum received by the Agent from each Borrower hereunder and each Lender's
share thereof.

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

                  SECTION 2.17. Use of Proceeds. The proceeds of the Advances
shall be available (and the Borrowers agree that they shall use such proceeds)
solely for general corporate purposes of the Borrowers.

                                   ARTICLE III

                     CONDITIONS TO EFFECTIVENESS AND LENDING

                  SECTION 3.01. Conditions Precedent to Effectiveness of
Sections 2.01 and 2.03. Sections 2.01 and 2.03 of this Agreement shall become
effective on and as of the first date (the "Effective Date") on which the
following conditions precedent have been satisfied:

                  (a)      There shall have occurred no Material Adverse Change
         since December 31, 2001.

                  (b)      There shall exist no action, suit, investigation,
         litigation or proceeding affecting the Company or any of its
         Subsidiaries pending or threatened before any court, governmental
         agency or arbitrator that (i) could be reasonably likely to have a
         Material Adverse Effect other than the matters described on Schedule
         3.01(b) hereto (the "Disclosed Litigation") or (ii) purports to affect
         the legality, validity or enforceability of this Agreement or any Note
         or the consummation of the transactions contemplated hereby, and there
         shall have been no adverse change in the status, or financial effect on
         the Company or any of its Subsidiaries, of the Disclosed Litigation
         from that described on Schedule 3.01(b) hereto.

                                       20
<PAGE>

                  (c)      Nothing shall have come to the attention of the
         Lenders during the course of their due diligence investigation to lead
         them reasonably to believe that the Information Memorandum was or has
         become misleading, incorrect or incomplete in any material respect;
         without limiting the generality of the foregoing, the Lenders shall
         have been given such access to the management, records, books of
         account, contracts and properties of the Company and its Subsidiaries
         as they shall have reasonably requested.

                  (d)      All governmental and third party consents and
         approvals necessary in connection with the transactions contemplated
         hereby shall have been obtained (without the imposition of any
         conditions that are not reasonably acceptable to the Lenders) and shall
         remain in effect, and no law or regulation shall be applicable in the
         reasonable judgment of the Lenders that restrains, prevents or imposes
         materially adverse conditions upon the transactions contemplated
         hereby.

                  (e)      The Initial Borrowers shall have notified each Lender
         and the Agent in writing as to the proposed Effective Date.

                  (f)      The Initial Borrowers shall have paid all accrued
         fees and expenses of the Agent and the Lenders (including the accrued
         fees and expenses of counsel to the Agent).

                  (g)      On the Effective Date, the following statements shall
         be true and the Agent shall have received for the account of each
         Lender a certificate signed by a duly authorized officer of each
         Initial Borrower, dated the Effective Date, stating that:

                           (i)      The representations and warranties contained
                  in Section 4.01 are correct on and as of the Effective Date,
                  and

                           (ii)     No event has occurred and is continuing that
                  constitutes a Default.

                  (h)      The Agent shall have received on or before the
         Effective Date the following, each dated such day, in form and
         substance satisfactory to the Agent and (except for the Revolving
         Credit Notes) in sufficient copies for each Lender:

                           (i)      The Revolving Credit Notes to the order of
                  the Lenders to the extent requested by any Lender pursuant to
                  Section 2.16.

                           (ii)     Certified copies of the resolutions of the
                  Board of Directors of each Initial Borrower approving this
                  Agreement and the Notes, and of all documents evidencing other
                  necessary corporate action and governmental approvals, if any,
                  with respect to this Agreement and the Notes.

                           (iii)    A certificate of the Secretary or an
                  Assistant Secretary of each Initial Borrower certifying the
                  names and true signatures of the officers of such Borrower
                  authorized to sign this Agreement and the Notes and the other
                  documents to be delivered hereunder.

                           (iv)     A favorable opinion of Timothy Power,
                  Assistant General Counsel for the Company, substantially in
                  the form of Exhibit D hereto and as to such other matters as
                  any Lender through the Agent may reasonably request.

                           (v)      A favorable opinion of Shearman & Sterling,
                  counsel for the Agent, in form and substance satisfactory to
                  the Agent.

                  (i)      The Borrower shall have terminated the commitments,
         and paid in full all Debt, interest, fees and other amounts
         outstanding, under the Credit Agreement dated as of March 5, 2001, as
         amended, among the Company, the lenders parties thereto and Citibank,
         as agent, and under the Credit Agreement dated as of December 8, 1998,
         as amended, among the Company, the lenders parties thereto and The
         First

                                       21
<PAGE>

         National Bank of Chicago, as administrative agent, and each of the
         Lenders that is a party to such credit facility hereby waives, upon
         execution of this Agreement, any notice required by said Credit
         Agreements relating to the termination of commitments thereunder.

                  SECTION 3.02. Conditions Precedent to the Initial Borrowing of
Each Designated Subsidiary. The obligation of each Lender to make an initial
Revolving Credit Advance to each Designated Subsidiary following its designation
as a Borrower hereunder pursuant to Section 9.08 on the occasion of the initial
Borrowing thereby is subject to the Agent's receipt on or before the date of
such initial Borrowing of each of the following, in form and substance
satisfactory to the Agent and dated such date:

                  (a)      The Designation Letter of such Designated Subsidiary,
         in substantially the form of Exhibit E hereto.

                  (b)      A Revolving Credit Note of such Designated Subsidiary
         to the extent requested by any Lender pursuant to Section 2.16.

                  (c)      A certificate of the Secretary or an Assistant
         Secretary (or person performing similar functions) of such Designated
         Subsidiary certifying (A) appropriate resolutions of the board of
         directors (or persons performing similar functions) of such Designated
         Subsidiary approving this Agreement and its Notes, and all documents
         evidencing other necessary corporate (or equivalent) action and
         governmental approvals, if any, with respect to this Agreement and its
         Notes (copies of which shall be attached thereto), and (B) the names
         and true signatures of the officers of such Designated Subsidiary
         authorized to sign the Designation Letter of such Designated Subsidiary
         and its Notes and the other documents to be delivered by such
         Designated Subsidiary hereunder.

                  (d)      A favorable opinion of counsel for such Designated
         Subsidiary reasonably acceptable to the Agent, in substantially the
         form of Exhibit D hereto with modifications appropriate to such
         Designated Subsidiary, and addressing such other matters as any Lender
         through the Agent may reasonably request.

                  (e)      Such other documents, opinions and other information
         as any Lender, through the Agent, may reasonably request.

                  SECTION 3.03. Conditions Precedent to Each Revolving Credit
Borrowing. The obligation of each Lender to make a Revolving Credit Advance on
the occasion of each Revolving Credit Borrowing shall be subject to the
conditions precedent that the Effective Date shall have occurred and on the date
of such Revolving Credit Borrowing (a) the following statements shall be true
(and each of the giving of the applicable Notice of Revolving Credit Borrowing
and the acceptance by the applicable Borrower of the proceeds of such Revolving
Credit Borrowing shall constitute a representation and warranty by such Borrower
that on the date of such Borrowing such statements are true):

                  (i)      the representations and warranties contained in
         Section 4.01 (except the representations set forth in the last sentence
         of subsection (e) thereof and in subsection (f)(i) thereof) are correct
         on and as of such date, before and after giving effect to such
         Revolving Credit Borrowing and to the application of the proceeds
         therefrom, as though made on and as of such date, and

                  (ii)     no event has occurred and is continuing, or would
         result from such Revolving Credit Borrowing or from the application of
         the proceeds therefrom, that constitutes a Default;

and (b) the Agent shall have received such other approvals, opinions or
documents as any Lender through the Agent may reasonably request.

                  SECTION 3.04. Conditions Precedent to Each Competitive Bid
Borrowing. The obligation of each Lender that is to make a Competitive Bid
Advance on the occasion of a Competitive Bid Borrowing to make such Competitive
Bid Advance as part of such Competitive Bid Borrowing is subject to the
conditions precedent

                                       22
<PAGE>

that (i) the Agent shall have received the written confirmatory Notice of
Competitive Bid Borrowing with respect thereto, (ii) on or before the date of
such Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing, the
Agent shall have received a Competitive Bid Note payable to the order of such
Lender for each of the one or more Competitive Bid Advances to be made by such
Lender as part of such Competitive Bid Borrowing, in a principal amount equal to
the principal amount of the Competitive Bid Advance to be evidenced thereby and
otherwise on such terms as were agreed to for such Competitive Bid Advance in
accordance with Section 2.03, and (iii) on the date of such Competitive Bid
Borrowing the following statements shall be true (and each of the giving of the
applicable Notice of Competitive Bid Borrowing and the acceptance by the
applicable Borrower of the proceeds of such Competitive Bid Borrowing shall
constitute a representation and warranty by such Borrower that on the date of
such Competitive Bid Borrowing such statements are true):

                  (a)      the representations and warranties contained in
         Section 4.01 are correct on and as of the date of such Competitive Bid
         Borrowing, before and after giving effect to such Competitive Bid
         Borrowing and to the application of the proceeds therefrom, as though
         made on and as of such date,

                  (b)      no event has occurred and is continuing, or would
         result from such Competitive Bid Borrowing or from the application of
         the proceeds therefrom, that constitutes a Default, and

                  (c)      no event has occurred and no circumstance exists as a
         result of which the information concerning the Borrowers that has been
         provided to the Agent and each Lender by the Borrowers in connection
         herewith would include an untrue statement of a material fact or omit
         to state any material fact or any fact necessary to make the statements
         contained therein, in the light of the circumstances under which they
         were made, not misleading.

                  SECTION 3.05. Determinations Under Section 3.01. For purposes
of determining compliance with the conditions specified in Section 3.01, each
Lender shall be deemed to have consented to, approved or accepted or to be
satisfied with each document or other matter required thereunder to be consented
to or approved by or acceptable or satisfactory to the Lenders unless an officer
of the Agent responsible for the transactions contemplated by this Agreement
shall have received notice from such Lender prior to the date that the
Borrowers, by notice to the Lenders, designate as the proposed Effective Date,
specifying its objection thereto. The Agent shall promptly notify the Lenders of
the occurrence of the Effective Date.

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

                  SECTION 4.01. Representations and Warranties of the Borrowers.
Each Borrower represents and warrants as follows:

                  (a)      Such Borrower is a corporation duly organized,
         validly existing and in good standing under the laws of the state of
         its organization.

                  (b)      The execution, delivery and performance by such
         Borrower of this Agreement and the Notes to be delivered by it, and the
         consummation of the transactions contemplated hereby, are within such
         Borrower's corporate powers, have been duly authorized by all necessary
         corporate action, and do not contravene (i) such Borrower's charter or
         by-laws or (ii) law or any contractual restriction binding on or
         affecting such Borrower.

                  (c)      No authorization or approval or other action by, and
         no notice to or filing with, any governmental authority or regulatory
         body or any other third party is required for the due execution,
         delivery and performance by such Borrower of this Agreement or the
         Notes to be delivered by it.

                  (d)      This Agreement has been, and each of the Notes to be
         delivered by it when delivered hereunder will have been, duly executed
         and delivered by such Borrower. This Agreement is, and each of

                                       23
<PAGE>

         the Notes when delivered hereunder will be, the legal, valid and
         binding obligation of such Borrower enforceable against such Borrower
         in accordance with their respective terms, except as enforceability may
         be limited by bankruptcy, insolvency or similar laws affecting the
         enforcement of creditors' rights generally and by general equitable
         principles.

                  (e)      The Consolidated balance sheet of the Company and its
         Subsidiaries as at December 31, 2001, and the related Consolidated
         statements of income and cash flows of the Company and its Subsidiaries
         for the fiscal year then ended, accompanied by an opinion of Arthur
         Andersen LLP, independent public accountants, copies of which have been
         furnished to each Lender, fairly present the Consolidated financial
         condition of the Company and its Subsidiaries as at such date and the
         Consolidated results of the operations of the Company and its
         Subsidiaries for the period ended on such date, all in accordance with
         generally accepted accounting principles consistently applied. Since
         December 31, 2001, there has been no Material Adverse Change.

                  (f)      There is no pending or threatened action, suit,
         investigation, litigation or proceeding, including, without limitation,
         any Environmental Action, affecting the Company or any of its
         Subsidiaries before any court, governmental agency or arbitrator that
         (i) would be reasonably likely to have a Material Adverse Effect (other
         than the Disclosed Litigation) or (ii) purports to affect the legality,
         validity or enforceability of this Agreement or any Note or the
         consummation of the transactions contemplated hereby, and there has
         been no adverse change in the status, or financial effect on the
         Company or any of its Subsidiaries, of the Disclosed Litigation from
         that described on Schedule 3.01(b) hereto.

                  (g)      No information, exhibit or report furnished by the
         Company or any of its Subsidiaries to the Agent or to any Lender in
         connection with the negotiation of, or compliance with, the Loan
         Documents contained any material misstatement of fact or omitted to
         state a material fact or any fact necessary to make the statements
         contained therein not misleading.

                  (h)      Each Borrower and its Subsidiaries are in compliance
         with Regulations T, U and X. Margin stock (as defined in Regulation U)
         constitutes less than 25% of the value of those assets of the Borrowers
         and their Subsidiaries which are subject to any limitation on sale,
         pledge, or other restriction hereunder.

                  (i)      Neither any Borrower nor any of its Subsidiaries is a
         party to any agreement or instrument or subject to any charter or other
         corporate restriction which could reasonably be expected to have a
         Material Adverse Effect. Neither any Borrower nor any of its
         Subsidiaries is in default in the performance, observance or
         fulfillment of any of the obligations, covenants or conditions
         contained in any agreement to which it is a party, which default could
         reasonably be expected to have a Material Adverse Effect.

                  (j)      The Borrowers and their Subsidiaries have complied
         with all applicable statutes, rules, regulations, orders and
         restrictions of any domestic or foreign government or any
         instrumentality or agency thereof having jurisdiction over the conduct
         of their respective businesses or the ownership of their respective
         property, except for any failure to comply with any of the foregoing
         which could not reasonably be expected to have a Material Adverse
         Effect.

                  (k)      On the date of this Agreement, the Borrowers and
         their Subsidiaries have good title, free of all Liens other than those
         permitted by Section 5.02(a) to all of the property and assets
         reflected in the Company's most recent consolidated financial
         statements provided to the Agent as owned by the Borrowers and their
         Subsidiaries.

                  (l)      Each Borrower and each of its Subsidiaries owns or
         possesses all material patents, trademarks, trade names, service marks,
         copyright, licenses and rights with respect to the foregoing necessary
         for the future conduct of its business, without any known material
         conflict with the rights of others.

                                       24
<PAGE>

                  (m)      In the ordinary course of its business, the officers
         of the Company consider the effect of Environmental Laws on the
         business of the Borrowers, in the course of which they identify and
         evaluate potential risks and liabilities accruing to the Borrowers and
         their Subsidiaries due to Environmental Laws. On the basis of this
         consideration, the Company has concluded that Environmental laws cannot
         reasonably be expected to have a Material Adverse Effect. Except as
         disclosed on Schedule 3.01(b) hereto, neither any Borrower nor any of
         its Subsidiaries has received any notice to the effect that its
         operations are not in material compliance with any of the requirements
         of applicable Environmental Laws or are the subject of any foreign or
         domestic, federal, state or local investigation evaluating whether any
         remedial action is needed to respond to a release of any toxic or
         hazardous waste or substance into the environment, which non-compliance
         or remedial action could reasonably be expected to have a Material
         Adverse Effect.

                  (n)      Neither any Borrower nor any of its Subsidiaries is
         an "investment company" or a company "controlled" by and "investment
         company" or an "affiliated person" thereof or an "affiliated person" of
         such affiliated person, in each case within the meaning of the
         Investment Company Act of 1940, as amended.

                  (o)      Neither any Borrower nor any of its Subsidiaries is a
         "holding company" or a "subsidiary company" of a "holding company", or
         an "affiliate" of a "holding company" or of a "subsidiary company" of a
         "holding company", within the meaning of the Public Utility Holding
         Company Act of 1935, as amended.

                                    ARTICLE V

                                    COVENANTS

                  SECTION 5.01. Affirmative Covenants. So long as any Advance
shall remain unpaid or any Lender shall have any Commitment hereunder, each
Borrower will:

                  (a)      Compliance with Laws, Etc. Comply, and cause each of
         its Subsidiaries to comply, in all material respects, with all
         applicable laws, rules, regulations and orders, such compliance to
         include, without limitation, compliance with ERISA and Environmental
         Laws, which, if violated, could reasonably be expected to have a
         Material Adverse Effect.

                  (b)      Payment of Taxes, Etc. Pay and discharge, and cause
         each of its Subsidiaries to pay and discharge, before the same shall
         become delinquent, (i) all taxes, assessments and governmental charges
         or levies imposed upon it or upon its property and (ii) all lawful
         claims that, if unpaid, might by law become a Lien upon its property;
         provided, however, that neither such Borrower nor any of its
         Subsidiaries shall be required to pay or discharge any such tax,
         assessment, charge or claim that is being contested in good faith and
         by proper proceedings and as to which appropriate reserves are being
         maintained, unless and until any Lien resulting therefrom attaches to
         its property and becomes enforceable against its other creditors.

                  (c)      Maintenance of Insurance. Maintain, and cause each of
         its Subsidiaries to maintain, insurance with responsible and reputable
         insurance companies or associations in such amounts and covering such
         risks as is usually carried by companies engaged in similar businesses
         and owning similar properties in the same general areas in which such
         Borrower or such Subsidiary operates.

                  (d)      Preservation of Corporate Existence, Etc. Preserve
         and maintain, and cause each of its Subsidiaries to preserve and
         maintain, its corporate existence, rights (charter and statutory) and
         franchises; provided, however, that such Borrower and its Subsidiaries
         may consummate any merger or consolidation permitted under Section
         5.02(b) and provided further that neither such Borrower nor any of its
         Subsidiaries shall be required to preserve any right or franchise if
         the Board of Directors of such Borrower or such Subsidiary shall
         determine that the preservation thereof is no longer desirable in the
         conduct of the business of such Borrower or such Subsidiary, as the
         case may be, and that the loss thereof is not disadvantageous in any
         material respect to such Borrower, such Subsidiary or the Lenders.

                                       25
<PAGE>

                  (e)      Visitation Rights. At any reasonable time and from
         time to time, permit the Agent or any of the Lenders or any agents or
         representatives thereof, to examine and make copies of and abstracts
         from the records and books of account of, and visit the properties of,
         such Borrower and any of its Subsidiaries, and to discuss the affairs,
         finances and accounts of such Borrower and any of its Subsidiaries with
         any of their officers or directors and with their independent certified
         public accountants.

                  (f)      Keeping of Books. Keep, and cause each of its
         Subsidiaries to keep, proper books of record and account, in which full
         and correct entries shall be made of all financial transactions and the
         assets and business of such Borrower and each such Subsidiary in
         accordance with generally accepted accounting principles in effect from
         time to time.

                  (g)      Maintenance of Properties, Etc. Maintain and
         preserve, and cause each of its Subsidiaries to maintain and preserve,
         all of its properties that are used or useful in the conduct of its
         business in good working order and condition, ordinary wear and tear
         excepted.

                  (h)      Transactions with Affiliates. Conduct, and cause each
         of its Subsidiaries to conduct, all transactions otherwise permitted
         under this Agreement with any of their Affiliates on terms that are
         fair and reasonable and no less favorable to such Borrower or such
         Subsidiary than it would obtain in a comparable arm's-length
         transaction with a Person not an Affiliate.

                  (i)      Conduct of Business. Carry on and conduct its
         business, and cause each of its Subsidiaries to carry on and conduct
         its business, in substantially the same manner and in substantially the
         same fields of enterprise as it is presently conducted or lines of
         business reasonably related thereto.

                  (j)      Reporting Requirements. The Company shall furnish to
         the Lenders:

                           (i)      as soon as available and in any event within
                  45 days after the end of each of the first three quarters of
                  each fiscal year of the Company, the Consolidated balance
                  sheet of the Company and its Subsidiaries as of the end of
                  such quarter and Consolidated statements of income and cash
                  flows of the Company and its Subsidiaries for the period
                  commencing at the end of the previous fiscal year and ending
                  with the end of such quarter, duly certified (subject to
                  year-end audit adjustments) by the chief financial officer of
                  the Company as having been prepared in accordance with
                  generally accepted accounting principles and certificates of
                  the chief financial officer of the Company as to compliance
                  with the terms of this Agreement and setting forth in
                  reasonable detail the calculations necessary to demonstrate
                  compliance with Section 5.03, provided that in the event of
                  any change in GAAP used in the preparation of such financial
                  statements, the Company shall also provide, if necessary for
                  the determination of compliance with Section 5.03, a statement
                  of reconciliation conforming such financial statements to
                  GAAP;

                           (ii)     as soon as available and in any event within
                  90 days after the end of each fiscal year of the Company, a
                  copy of the annual audit report for such year for the Company
                  and its Subsidiaries, containing the Consolidated balance
                  sheet of the Company and its Subsidiaries as of the end of
                  such fiscal year and Consolidated statements of income and
                  cash flows of the Company and its Subsidiaries for such fiscal
                  year, in each case accompanied by an opinion acceptable to the
                  Required Lenders by Arthur Andersen LLP or other independent
                  public accountants acceptable to the Required Lenders,
                  provided that in the event of any change in GAAP used in the
                  preparation of such financial statements, the Company shall
                  also provide, if necessary for the determination of compliance
                  with Section 5.03, a statement of reconciliation conforming
                  such financial statements to GAAP;

                           (iii)    as soon as possible and in any event within
                  five days after the occurrence of each Default continuing on
                  the date of such statement, a statement of the chief financial
                  officer of the Company setting forth details of such Default
                  and the action that the Borrowers have taken and propose to
                  take with respect thereto;

                                       26
<PAGE>

                           (iv)     promptly after the sending or filing
                  thereof, copies of all reports that any Borrower sends to any
                  of its securityholders, and copies of all reports and
                  registration statements that any Borrower or any Subsidiary
                  files with the Securities and Exchange Commission or any
                  national securities exchange;

                           (v)      promptly after the commencement thereof,
                  notice of all actions and proceedings before any court,
                  governmental agency or arbitrator affecting the Company or any
                  of its Subsidiaries of the type described in Section 4.01(f);

                           (vi)     not later than August 31 of each year,
                  notice of all Significant Subsidiaries of the Company
                  determined by reference to the Company's financial position as
                  of December 31 of the immediately preceding calendar year; and

                           (vii)    such other information respecting the
                  Company or any of its Subsidiaries as any Lender through the
                  Agent may from time to time reasonably request.

         Reports and financial statements required to be delivered by Company
         pursuant to clauses (i), (ii) and (iv) of this subsection (j) shall be
         deemed to have been delivered on the date on which the Company posts
         such reports, or reports containing such financial statements, on its
         website on the Internet at www.lafarge-na.com, at www.sec.gov or at
         such other website identified by the Company in a notice to the Agent
         and the Lenders and that is accessible by the Lenders without charge;
         provided that the Company shall deliver paper copies of such
         information to any Lender promptly upon request of such Lender through
         the Agent and provided further that the Lenders shall be deemed to have
         received the information specified in clauses (i), (ii) and (iv) of
         this subsection (j) on the date (x) such information is posted at the
         website of the Agent identified from time to time by the Agent to the
         Lenders and the Company and (y) such posting is notified to the Lenders
         (it being understood that the Company shall have satisfied the timing
         obligations imposed by those clauses as of the date such information is
         delivered to the Agent).

                  (k)      Additional Borrowers. Not later than 30 days after
         the delivery of the notice required to be delivered pursuant to Section
         5.01(j)(vi), designate each Significant Subsidiary that is organized
         under the laws of a jurisdiction in the United States and is not prior
         to such date a Borrower under this Agreement to become a Designated
         Subsidiary in accordance with Section 9.08; provided that Sierra Bay
         Receivables, Inc., a Nevada corporation, shall not be required to
         become a Borrower under this Agreement.

                  SECTION 5.02. Negative Covenants. So long as any Advance shall
remain unpaid or any Lender shall have any Commitment hereunder, no Borrower
will:

                  (a)      Liens, Etc. Create or suffer to exist, or permit any
         of its Subsidiaries to create or suffer to exist, any Lien on or with
         respect to any of its properties, whether now owned or hereafter
         acquired, or assign, or permit any of its Subsidiaries to assign, any
         right to receive income, other than:

                           (i)      Permitted Liens,

                           (ii)     purchase money Liens upon or in any assets
                  acquired or held by such Borrower or any Subsidiary in the
                  ordinary course of business to secure the purchase price of
                  such assets or to secure Debt incurred solely for the purpose
                  of financing the acquisition of such assets, or Liens existing
                  on such assets at the time of its acquisition (other than any
                  such Liens created in contemplation of such acquisition that
                  were not incurred to finance the acquisition of such assets)
                  or extensions, renewals or replacements of any of the
                  foregoing for the same or a lesser amount, provided, however,
                  that no such Lien shall extend to or cover any assets of any
                  character other than the assets being acquired, and no such
                  extension, renewal or replacement shall extend to or cover any
                  assets not theretofore subject to the Lien being extended,
                  renewed or replaced,

                                       27
<PAGE>

                           (iii)    the Liens existing on the Effective Date and
                  described on Schedule 5.02(a) hereto,

                           (iv)     Liens on property of a Person existing at
                  the time such Person is merged into or consolidated with such
                  Borrower or any Subsidiary of such Borrower or becomes a
                  Subsidiary of such Borrower; provided that such Liens were not
                  created in contemplation of such merger, consolidation or
                  acquisition and do not extend to any assets other than those
                  of the Person so merged into or consolidated with such
                  Borrower or such Subsidiary or acquired by such Borrower or
                  such Subsidiary,

                           (v)      Liens on cash and cash equivalents securing
                  obligations under Hedge Agreements, provided that the
                  aggregate amount of cash and cash equivalents subject to such
                  Liens shall not exceed $5,000,000 at any time outstanding,

                           (vi)     without duplication of clause (ii) above,
                  Liens, if any, arising in connection with receivables
                  securitization programs, in any aggregate principal amount not
                  to exceed $300,000,000 at any time outstanding (for purposes
                  of this clause (vi), the "principal amount" of a receivables
                  securitization program shall mean the amounts invested by
                  investors that are not Affiliates of the Company in connection
                  with a receivables securitization program and paid to the
                  Company or any of its Subsidiaries, as reduced by the
                  aggregate amounts received by such investors from the payment
                  of receivables and applied to reduce such invested amounts),

                           (vii)    other Liens securing Debt in an aggregate
                  principal amount not to exceed $50,000,000 at any time
                  outstanding, and

                           (viii)   the replacement, extension or renewal of any
                  Lien permitted by clause (ii), (iii) or (iv) above upon or in
                  the same property theretofore subject thereto or the
                  replacement, extension or renewal (without increase in the
                  amount or change in any direct or contingent obligor) of the
                  Debt secured thereby.

                  (b)      Mergers, Etc. Merge or consolidate with or into, or
         convey, transfer, lease or otherwise dispose of (whether in one
         transaction or in a series of transactions) all or substantially all of
         its assets (whether now owned or hereafter acquired) to, any Person, or
         permit any of its Subsidiaries to do so, except that any Subsidiary of
         the Company may merge or consolidate with or into, or dispose of assets
         to, any other Subsidiary of the Company, and except that any Subsidiary
         of the Company may merge into or dispose of assets to the Company,
         provided, in each case, that no Default shall have occurred and be
         continuing at the time of such proposed transaction or would result
         therefrom.

                  (c)      Subsidiary Debt. The Company shall not permit any of
         its Subsidiaries to incur or at any time be liable with respect to any
         Debt or to issue or have outstanding any preferred stock, except:

                           (i)      Debt under this Agreement or any Notes;

                           (ii)     Debt or preferred stock outstanding on the
                  date hereof,

                           (iii)    Debt or preferred stock of a Subsidiary
                  issued to and held by the Company or a wholly-owned Subsidiary
                  of the Company,

                           (iv)     Debt or preferred stock of any corporation
                  existing at the time such corporation becomes a Subsidiary of
                  the Company and not created in contemplation of such event,

                           (v)      Invested Amounts not to exceed $250,000,000
                  at any time outstanding,

                                       28
<PAGE>

                           (vi)     refinancing, extension, renewal or refunding
                  of any Debt or preferred stock permitted by the foregoing
                  clauses (ii) though (iv), and

                           (vii)    OTHER Debt or preferred stock in addition to
                  that set forth in clauses (ii) through (vi) if, after giving
                  effect thereto, theAN aggregate outstanding principal amount
                  of Debt of all Subsidiaries of the Company pursuant to this
                  clause (vi) does not TO exceed $250,000,000 at any time
                  outstanding.

                  (d)      Hedge Agreements. Enter into, or permit any of its
         Subsidiaries to enter into, any Hedge Agreements other than Hedge
         Agreements pursuant to which such Borrower or any Subsidiary has hedged
         its reasonably estimated interest rate, foreign currency or commodity
         exposure.

                  SECTION 5.03. Financial Covenants. So long as any Advance
shall remain unpaid or any Lender shall have any Commitment hereunder, the
Company will:

                  (a)      Leverage Ratio. Maintain a ratio of Consolidated Debt
         to Consolidated Debt plus shareholders' equity of not greater than 0.50
         : 1.00:

                  (b)      Fixed Charge Coverage Ratio. Maintain, as of the last
         day of each fiscal quarter, a ratio of Consolidated EBITDA of the
         Company and its Subsidiaries for the period of four fiscal quarters
         then ended to interest payable on, and amortization of debt discount in
         respect of, all Debt during such period by the Company and its
         Subsidiaries of not less than 3.0 : 1.0.

                                   ARTICLE VI

                                EVENTS OF DEFAULT

                  SECTION 6.01. Events of Default. If any of the following
events ("Events of Default") shall occur and be continuing:

                  (a)      Any Borrower shall fail to pay any principal of any
         Advance when the same becomes due and payable; or any Borrower shall
         fail to pay any interest on any Advance or make any other payment of
         fees or other amounts payable under this Agreement or any Note within
         three Business Days after the same becomes due and payable; or

                  (b)      Any representation or warranty made by any Borrower
         herein or by any Borrower (or any of its officers) in connection with
         this Agreement shall prove to have been incorrect in any material
         respect when made; or

                  (c)      (i) Any Borrower shall fail to perform or observe any
         term, covenant or agreement contained in Section 5.01(d), (e), (h) or
         (j), 5.02 or 5.03 on its part to be performed or observed, or (ii) any
         Borrower shall fail to perform or observe any other term, covenant or
         agreement contained in this Agreement on its part to be performed or
         observed if such failure shall remain unremedied for 30 days after
         written notice thereof shall have been given to such Borrower by the
         Agent or any Lender; or

                  (d)      Any Borrower or any of its Subsidiaries shall fail to
         pay any principal of or premium or interest on any Debt that is
         outstanding in a principal or notional amount of at least $15,000,000
         in the aggregate (but excluding Debt outstanding hereunder) of such
         Borrower or such Subsidiary (as the case may be), when the same becomes
         due and payable (whether by scheduled maturity, required prepayment,
         acceleration, demand or otherwise), and such failure shall continue
         after the applicable grace period, if any, specified in the agreement
         or instrument relating to such Debt; or any other event shall occur or
         condition shall exist under any agreement or instrument relating to any
         such Debt and shall continue after the applicable grace period, if any,
         specified in such agreement or instrument, if the effect of such event
         or

                                       29
<PAGE>

         condition is to accelerate, or to permit the acceleration of, the
         maturity of such Debt; or any such Debt shall be declared to be due and
         payable, or required to be prepaid or redeemed (other than by a
         regularly scheduled required prepayment or redemption), purchased or
         defeased, or an offer to prepay, redeem, purchase or defease such Debt
         shall be required to be made, in each case prior to the stated maturity
         thereof; or

                  (e)      The Company or any of its Significant Subsidiaries
         shall generally not pay its debts as such debts become due, or shall
         admit in writing its inability to pay its debts generally, or shall
         make a general assignment for the benefit of creditors; or any
         proceeding shall be instituted by or against the Company or any of its
         Significant Subsidiaries seeking to adjudicate it a bankrupt or
         insolvent, or seeking liquidation, winding up, reorganization,
         arrangement, adjustment, protection, relief, or composition of it or
         its debts under any law relating to bankruptcy, insolvency or
         reorganization or relief of debtors, or seeking the entry of an order
         for relief or the appointment of a receiver, trustee, custodian or
         other similar official for it or for any substantial part of its
         property and, in the case of any such proceeding instituted against it
         (but not instituted by it), either such proceeding shall remain
         undismissed or unstayed for a period of 60 days, or any of the actions
         sought in such proceeding (including, without limitation, the entry of
         an order for relief against, or the appointment of a receiver, trustee,
         custodian or other similar official for, it or for any substantial part
         of its property) shall occur; or the Company or any of its Significant
         Subsidiaries shall take any corporate action to authorize any of the
         actions set forth above in this subsection (e); or

                  (f)      Judgments or orders for the payment of money in
         excess of $15,000,000 in the aggregate shall be rendered against any
         Borrower or any of its Subsidiaries and either (i) enforcement
         proceedings shall have been commenced by any creditor upon such
         judgment or order or (ii) there shall be any period of 30 consecutive
         days during which a stay of enforcement of such judgment or order, by
         reason of a pending appeal or otherwise, shall not be in effect; or

                  (g)      Lafarge S.A. shall own directly or indirectly 50% or
         less of the outstanding shares of Voting Stock of the Company on a
         fully diluted basis; or the Company shall own directly or indirectly
         50% or less of the outstanding shares of Voting Stock of any Borrower
         on a fully diluted basis; or

                  (h)      The Company or any of its ERISA Affiliates shall
         incur, or shall be reasonably likely to incur liability as a result of
         one or more of the following that, individually or in the aggregate,
         could reasonably be likely to have a Material Adverse Effect: (i) the
         occurrence of any ERISA Event; (ii) the partial or complete withdrawal
         of the Company or any of its ERISA Affiliates from a Multiemployer
         Plan; or (iii) the reorganization or termination of a Multiemployer
         Plan;

then, and in any such event, the Agent (i) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrowers, declare the
obligation of each Lender to make Advances to be terminated, whereupon the same
shall forthwith terminate, and (ii) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrowers, declare the
Advances, all interest thereon and all other amounts payable under this
Agreement to be forthwith due and payable, whereupon the Advances, all such
interest and all such amounts shall become and be forthwith due and payable,
without presentment, demand, protest or further notice of any kind, all of which
are hereby expressly waived by each Borrower; provided, however, that in the
event of an actual or deemed entry of an order for relief with respect to any
Borrower under the Federal Bankruptcy Code, (A) the obligation of each Lender to
make Advances shall automatically be terminated and (B) the Advances, all such
interest and all such amounts shall automatically become and be due and payable,
without presentment, demand, protest or any notice of any kind, all of which are
hereby expressly waived by each Borrower.

                                   ARTICLE VII

                          JOINT AND SEVERAL OBLIGATIONS

                  SECTION 7.01. Obligations Joint and Several. (a) Each Borrower
hereby absolutely, unconditionally and irrevocably agrees that all obligations
of any Borrower hereunder, now or hereafter existing

                                       30
<PAGE>

under or in respect of this Agreement and the Notes (including, without
limitation, any extensions, modifications, substitutions, amendments or renewals
of any or all of the foregoing obligations), whether direct or indirect,
absolute or contingent, and whether for principal, interest, premiums, fees,
indemnities, contract causes of action, costs, expenses or otherwise (all such
obligations, the "Obligations"), shall be joint and several obligations of all
the Borrowers, and agrees to pay any and all expenses (including, without
limitation, fees and expenses of counsel) incurred by the Agent or any Lender in
enforcing any rights under this Agreement or any Note. Without limiting the
generality of the foregoing, each Borrower's liability shall extend to all
amounts that constitute part of the Obligations and would be owed by any other
Borrower to the Agent or any Lender under or in respect of this Agreement or the
Notes but for the fact that they are unenforceable or not allowable due to the
existence of a bankruptcy, reorganization or similar proceeding involving such
other Borrower.

                  (b)      Each Borrower, and by its acceptance of this
Agreement, the Agent and each Lender, hereby confirms that it is the intention
of all such Persons that this Article VII and the Obligations of each Borrower
hereunder not constitute a fraudulent transfer or conveyance for purposes of
Bankruptcy Law (as hereinafter defined), the Uniform Fraudulent Conveyance Act,
the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law
to the extent applicable to this Article VII and the Obligations of each
Borrower hereunder. To effectuate the foregoing intention, the Agent, the
Lenders and the Borrowers hereby irrevocably agree that the Obligations of each
Borrower under this Article VII at any time shall be limited to the maximum
amount as will result in the Obligations of such Borrower under this Article VII
not constituting a fraudulent transfer or conveyance. For purposes hereof,
"Bankruptcy Law" means any proceeding of the type referred to in Section 6.01(e)
of this Agreement or Title 11, U.S. Code, or any similar foreign, federal or
state law for the relief of debtors.

                  (c)      Each Borrower hereby unconditionally and irrevocably
agrees that in the event any payment shall be required to be made to any Lender
under this Agreement or any Note, such Borrower will contribute, to the maximum
extent permitted by law, such amounts to each other Borrower so as to maximize
the aggregate amount paid to the Lenders under or in respect of this Agreement
and the Notes.

                  SECTION 7.02. Joint and Several Nature of Obligations
Absolute. Each Borrower agrees that this Article VII will be observed strictly
in accordance with its terms, regardless of any law, regulation or order now or
hereafter in effect in any jurisdiction affecting any of the terms of this
Article VII or the rights of any Lender with respect thereto. The Obligations of
each Borrower under or in respect of this Agreement are independent of the
Obligations of any other Borrower under or in respect of this Agreement or the
Notes, and a separate action or actions may be brought and prosecuted against
each Borrower to enforce this Agreement, irrespective of whether any action is
brought against any other Borrower or whether any other Borrower is joined in
any such action or actions. The liability of each Borrower under this Article
VII shall be irrevocable, absolute and unconditional irrespective of, and each
Borrower hereby irrevocably waives, to the fullest extent permitted by law, any
defenses it may now have or hereafter acquire in any way relating to, any or all
of the following:

                  (a)      any lack of validity or enforceability of this
Agreement or any Note or any agreement or instrument relating thereto;

                  (b)      any change in the time, manner or place of payment
of, or in any other term of, all or any of the Obligations or any other
obligations of any Borrower under or in respect of this Agreement or the Notes,
or any other amendment or waiver of or any consent to departure from this
Agreement or any Note, including, without limitation, any increase in the
Obligations resulting from the extension of additional credit to any Borrower or
any of its Subsidiaries or otherwise;

                  (c)      any change, restructuring or termination of the
corporate structure or existence of any Borrower or any of its Subsidiaries;

                  (d)      any failure of any Lender to disclose to any Borrower
any information relating to the business, condition (financial or otherwise),
operations, performance, properties or prospects of any other Borrower now or
hereafter known to such Lender (each Borrower waiving any duty on the part of
the Lenders to disclose such information);

                                       31
<PAGE>

                  (e)      the failure of any other Person to execute or deliver
this Agreement, any Credit Agreement Supplement (as hereinafter defined) or any
other guaranty or agreement or the release or reduction of liability of any
Borrower with respect to the Obligations; or

                  (f)      any other circumstance (including, without
limitation, any statute of limitations) or any existence of or reliance on any
representation by any Lender that might otherwise constitute a defense available
to, or a discharge of, any Borrower.

This Article VII shall continue to be effective or be reinstated, as the case
may be, if at any time any payment of any of the Obligations is rescinded or
must otherwise be returned by any Lender or any other Person upon the
insolvency, bankruptcy or reorganization of any Borrower or otherwise, all as
though such payment had not been made.

                  SECTION 7.03. Waivers and Acknowledgments. (a) Each Borrower
hereby unconditionally and irrevocably waives promptness, diligence, notice of
acceptance, presentment, demand for performance, notice of nonperformance,
default, acceleration, protest or dishonor and any other notice with respect to
any of the Obligations and this Article VII and any requirement that any Lender
exhaust any right or take any action against any other Borrower or any other
Person.

                  (b)      Each Borrower hereby unconditionally and irrevocably
waives any right to revoke this Article VII and acknowledges that this Article
VII is continuing in nature and applies to all Obligations, whether existing now
or in the future.

                  (c)      Each Borrower hereby unconditionally and irrevocably
waives (i) any defense arising by reason of any claim or defense based upon an
election of remedies by any Lender that in any manner impairs, reduces, releases
of otherwise adversely affects the subrogation, reimbursement, exoneration,
contribution or indemnification rights of such Borrower or other rights of such
Borrower to proceed against any of the other Borrowers or any other Person and
(ii) any defense based on any right of set-off or counterclaim against or in
respect of the Obligations of such Borrower hereunder.

                  (d)      Each Borrower hereby unconditionally and irrevocably
waives any duty on the part of any Lender to disclose to such Borrower any
matter, fact or thing relating to the business, condition (financial or
otherwise), operations, performance, properties or prospects of any other
Borrower now or hereafter known by such Lender.

                  (e)      Each Borrower acknowledges that it will receive
substantial direct and indirect benefits from the financing arrangements
contemplated by this Agreement and the Notes and that the waivers set forth in
this Article VII are knowingly made in contemplation of such benefits. Each
Borrower further acknowledges that it has, independently and without reliance
upon any 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, including the provisions of this Article VII, and the Notes to which
it is or is to be a party, and such Borrower has established adequate means of
obtaining from each other Borrower on a continuing basis information pertaining
to, and is now and on a continuing basis will be completely familiar with, the
business, condition (financial or otherwise), operations, performance,
properties and prospects of such other Borrower.

                  SECTION 7.04. Subrogation. Each Borrower hereby
unconditionally and irrevocably agrees not to exercise any rights that it may
now have or hereafter acquire against any other Borrower that arise from the
existence, payment, performance or enforcement of such Borrower's Obligations
under or in respect of this Agreement or the Notes, including, without
limitation, any right of subrogation, reimbursement, exoneration, contribution
or indemnification and any right to participate in any claim or remedy of any
Lender against any other Borrower, whether or not such claim, remedy or right
arises in equity or under contract, statute or common law, including, without
limitation, the right to take or receive from any other Borrower, directly or
indirectly, in cash or other property or by set-off or in any other manner,
payment or security on account of such claim, remedy or right, unless and until
all of the Obligations and all other amounts payable under this Agreement and
the Notes shall have been paid in full and the Commitments shall have expired or
been terminated. If any amount shall be paid to any Borrower in violation of the
immediately preceding sentence at any time prior to the later of (a) the payment
in full

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<PAGE>

in cash of all the Obligations and all other amounts payable under this
Agreement and the Notes and (b) the Termination Date, such amount shall be
received and held in trust for the benefit of the Lenders, shall be segregated
from other property and funds of such Borrower and shall forthwith be paid or
delivered to the Agent in the same form as so received (with any necessary
endorsement or assignment) to be credited and applied to the Obligations and all
other amounts payable under this Agreement and the Notes, whether matured or
unmatured, in accordance with the terms of this Agreement. If (i) any Borrower
shall make payment to any Lender of all or any part of the Obligations, (ii) all
of the Obligations and all other amounts payable under this Agreement and the
Notes shall have been paid in full in cash and (iii) the Termination Date shall
have occurred, the Lenders will, at such Borrower's request and expense, execute
and deliver to such Borrower appropriate documents, without recourse and without
representation or warranty, necessary to evidence the transfer by subrogation to
such Borrower of an interest in the Obligations resulting from such payment made
by such Borrower pursuant to this Agreement.

                  SECTION 7.05. Continuing Obligations. Without prejudice to the
survival of any of the other agreements of any Borrower under this Agreement or
any Note, the agreements and obligations of each Borrower contained in Section
7.01 (with respect to enforcement expenses), the last sentence of Section 7.02
and this Section 7.05 shall survive the payment in full of the Obligations and
all of the other amounts payable under this Agreement and the Notes.

                                  ARTICLE VIII

                                    THE AGENT

                  SECTION 8.01. Authorization and Action. Each Lender hereby
appoints and authorizes the Agent to take such action as agent on its behalf and
to exercise such powers and discretion under this Agreement as are delegated to
the Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto. As to any matters not expressly provided for by
this Agreement (including, without limitation, enforcement or collection of the
Notes), the Agent shall not be required to exercise any discretion or take any
action, but shall be required to act or to refrain from acting (and shall be
fully protected in so acting or refraining from acting) upon the instructions of
the Required Lenders, and such instructions shall be binding upon all Lenders
and all holders of Notes; provided, however, that the Agent shall not be
required to take any action that exposes the Agent to personal liability or that
is contrary to this Agreement or applicable law. The Agent agrees to give to
each Lender prompt notice of each notice given to it by any Borrower pursuant to
the terms of this Agreement.

                  SECTION 8.02. Agent's Reliance, Etc. Neither the Agent nor any
of its directors, officers, agents or employees shall be liable for any action
taken or omitted to be taken by it or them under or in connection with this
Agreement, except for its or their own gross negligence or willful misconduct.
Without limitation of the generality of the foregoing, the Agent: (i) may treat
the Lender that made any Advance as the holder of the Debt resulting therefrom
until the Agent receives and accepts an Assignment and Acceptance entered into
by such Lender, as assignor, and an Eligible Assignee, as assignee, as provided
in Section 9.07; (ii) may consult with legal counsel (including counsel for the
Borrowers), independent public accountants and other experts selected by it and
shall not be liable for any action taken or omitted to be taken in good faith by
it in accordance with the advice of such counsel, accountants or experts; (iii)
makes no warranty or representation to any Lender and shall not be responsible
to any Lender for any statements, warranties or representations (whether written
or oral) made in or in connection with this Agreement; (iv) shall not have any
duty to ascertain or to inquire as to the performance or observance of any of
the terms, covenants or conditions of this Agreement on the part of any Borrower
or to inspect the property (including the books and records) of any Borrower;
(v) shall not be responsible to any Lender for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement or
any other instrument or document furnished pursuant hereto; and (vi) shall incur
no liability under or in respect of this Agreement by acting upon any notice,
consent, certificate or other instrument or writing (which may be by telecopier)
believed by it to be genuine and signed or sent by the proper party or parties.

                  SECTION 8.03. Citibank and Affiliates. With respect to its
Commitment, the Advances made by it and the Note issued to it, Citibank shall
have the same rights and powers under this Agreement as any other

                                       33
<PAGE>

Lender and may exercise the same as though it were not the Agent; and the term
"Lender" or "Lenders" shall, unless otherwise expressly indicated, include
Citibank in its individual capacity. Citibank and its Affiliates may accept
deposits from, lend money to, act as trustee under indentures of, accept
investment banking engagements from and generally engage in any kind of business
with, any Borrower, any Subsidiary of any Borrower and any Person who may do
business with or own securities of any Borrower or any such Subsidiary, all as
if Citibank were not the Agent and without any duty to account therefor to the
Lenders.

                  SECTION 8.04. Lender Credit Decision. Each Lender acknowledges
that it has, independently and without reliance upon the Agent or any other
Lender and based on the financial statements referred to in Section 4.01 and
such other 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 Agent or
any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement.

                  SECTION 8.05. Indemnification. The Lenders agree to indemnify
the Agent (to the extent not reimbursed by the Borrowers), ratably according to
the respective principal amounts of the Revolving Credit Advances then owed to
each of them (or if no Revolving Credit Advances are at the time outstanding,
ratably according to the respective amounts of their Commitments), from and
against any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever that may be imposed on, incurred by, or asserted against the
Agent in any way relating to or arising out of this Agreement or any action
taken or omitted by the Agent under this Agreement (collectively, the
"Indemnified Costs"), provided that no Lender shall be liable for any portion of
the Indemnified Costs resulting from the Agent's gross negligence or willful
misconduct. Without limitation of the foregoing, each Lender agrees to reimburse
the Agent promptly upon demand for its ratable share of any out-of-pocket
expenses (including reasonable counsel fees) incurred by the Agent in connection
with the preparation, execution, delivery, administration, modification,
amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of rights or responsibilities under,
this Agreement, to the extent that the Agent is not reimbursed for such expenses
by the Borrowers. In the case of any investigation, litigation or proceeding
giving rise to any Indemnified Costs, this Section 8.05 applies whether any such
investigation, litigation or proceeding is brought by the Agent, any Lender or a
third party.

                  SECTION 8.06. Successor Agent. The Agent may resign at any
time by giving written notice thereof to the Lenders and the Borrowers and may
be removed at any time with or without cause by the Required Lenders. Upon any
such resignation or removal, the Required Lenders shall have the right to
appoint a successor Agent. If no successor Agent shall have been so appointed by
the Required Lenders, and shall have accepted such appointment, within 30 days
after the retiring Agent's giving of notice of resignation or the Required
Lenders' removal of the retiring Agent, then the retiring Agent may, on behalf
of the Lenders, appoint a successor Agent, which shall be a commercial bank
organized under the laws of the United States of America or of any State thereof
and having a combined capital and surplus of at least $500,000,000. Upon the
acceptance of any appointment as Agent hereunder by a successor Agent, such
successor Agent shall thereupon succeed to and become vested with all the
rights, powers, discretion, privileges and duties of the retiring Agent, and the
retiring Agent shall be discharged from its duties and obligations under this
Agreement. After any retiring Agent's resignation or removal hereunder as Agent,
the provisions of this Article VII shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Agent under this Agreement.

                  SECTION 8.07. Other Agents. Each Lender hereby acknowledges
that neither the documentation agent nor any other Lender designated as any
"Agent" on the signature pages hereof has any liability hereunder other than in
its capacity as a Lender.

                                   ARTICLE IX

                                  MISCELLANEOUS

                                       34
<PAGE>

                  SECTION 9.01. Amendments, Etc. No amendment or waiver of any
provision of this Agreement or the Revolving Credit Notes, nor consent to any
departure by any Borrower therefrom, shall in any event be effective unless the
same shall be in writing and signed by the Required Lenders, and then such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no amendment, waiver
or consent shall, unless in writing and signed by all the Lenders, do any of the
following: (a) waive any of the conditions specified in Section 3.01, (b)
increase the Commitments of the Lenders or subject the Lenders to any additional
obligations, (c) reduce or subordinate the principal of, or interest on, the
Revolving Credit Advances or any fees or other amounts payable hereunder, (d)
postpone any date fixed for any payment of principal of, or interest on, the
Revolving Credit Advances or any fees or other amounts payable hereunder, (e)
change the percentage of the Commitments or of the aggregate unpaid principal
amount of the Revolving Credit Advances that shall be required for the Lenders
or any of them to take any action hereunder or (f) amend this Section 9.01; and
provided further that no amendment, waiver or consent shall, unless in writing
and signed by the Agent in addition to the Lenders required above to take such
action, affect the rights or duties of the Agent under this Agreement or any
Note.

                  SECTION 9.02. Notices, Etc. (a) All notices and other
communications provided for hereunder shall be in writing (including telecopier
communication) and mailed, telecopied or delivered, if to any Borrower, c/o the
Company at its address at 12950 Worldgate Drive, Herndon, Virginia 20170,
Attention: Treasurer; if to any Initial Lender, at its Domestic Lending Office
specified opposite its name on Schedule I hereto; if to any other Lender, at its
Domestic Lending Office specified in the Assignment and Acceptance pursuant to
which it became a Lender; and if to the Agent, at its address at Two Penns Way,
New Castle, Delaware 19720, Attention: Bank Loan Syndications Department; or, as
to any Borrower or the Agent, at such other address as shall be designated by
such party in a written notice to the other parties and, as to each other party,
at such other address as shall be designated by such party in a written notice
to the Borrowers and the Agent. All such notices and communications shall, when
mailed or telecopied, be effective when deposited in the mails or telecopied,
respectively, except that notices and communications to the Agent pursuant to
Article II, III or VII shall not be effective until received by the Agent.
Delivery by telecopier of an executed counterpart of any amendment or waiver of
any provision of this Agreement or the Notes or of any Exhibit hereto to be
executed and delivered hereunder shall be effective as delivery of a manually
executed counterpart thereof.

                  (b) Notwithstanding anything to the contrary contained in this
Agreement or any Note, (i) any notice to the Borrowers or to any one of them
required under this Agreement or any such Note that is delivered to the Company
shall constitute effective notice to the Borrowers or to any such Borrower,
including the Company and (ii) any Notice of Borrowing or any notice of
Conversion delivered pursuant to Section 2.08 may be delivered by any Borrower
or by the Company, on behalf of any other Borrower. Each Initial Borrower (other
than the Company) and each Designated Subsidiary hereby irrevocably appoints the
Company as its authorized agent to receive and deliver notices in accordance
with this Section 9.02, and hereby irrevocably agrees that (A) in the case of
clause (i) of the immediately preceding sentence, the failure of the Company to
give any notice referred to therein to any such Initial Borrower or any such
Designated Subsidiary, as the case may be, to which such notice applies shall
not impair or affect the validity of such notice with respect thereto and (B) in
the case of clause (ii) of the immediately preceding sentence, the delivery of
any such notice by the Company, on behalf of any other Borrower, shall be
binding on such other Borrower to the same extent as if such notice had been
executed and delivered directly by such Borrower.

                  SECTION 9.03. No Waiver; Remedies. No failure on the part of
any Lender or the Agent to exercise, and no delay in exercising, any right
hereunder or under any Note shall operate as a waiver thereof; nor shall any
single or partial exercise of any such right preclude any other or further
exercise thereof or the exercise of any other right. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law.

                  SECTION 9.04. Costs and Expenses. (a) The Borrowers agree
jointly and severally to pay on demand all costs and expenses of the Agent in
connection with the preparation, execution, delivery, administration,
modification and amendment of this Agreement, the Notes and the other documents
to be delivered hereunder, including, without limitation, (A) all due diligence,
syndication (including printing, distribution and bank meetings),
transportation, computer, duplication, appraisal, consultant, and audit expenses
and (B) the reasonable fees and expenses of counsel for the Agent with respect
thereto and with respect to advising the Agent as to its rights and
responsibilities under this Agreement. The Borrowers further agree jointly and
severally to pay on demand all costs

                                       35
<PAGE>

and expenses of the Agent and the Lenders, if any (including, without
limitation, reasonable counsel fees and expenses), in connection with the
enforcement (whether through negotiations, legal proceedings or otherwise) of
this Agreement, the Notes and the other documents to be delivered hereunder,
including, without limitation, reasonable fees and expenses of counsel for the
Agent and each Lender in connection with the enforcement of rights under this
Section 9.04(a).

                  (b)      The Borrowers agree jointly and severally to
indemnify and hold harmless the Agent and each Lender and each of their
Affiliates and their officers, directors, employees, agents and advisors (each,
an "Indemnified Party") from and against any and all claims, damages, losses,
liabilities and expenses (including, without limitation, reasonable fees and
expenses of counsel) incurred by or asserted or awarded against any Indemnified
Party, in each case arising out of or in connection with or by reason of
(including, without limitation, in connection with any investigation, litigation
or proceeding or preparation of a defense in connection therewith) (i) the
Notes, this Agreement, any of the transactions contemplated herein or the actual
or proposed use of the proceeds of the Advances or (ii) the actual or alleged
presence of Hazardous Materials on any property of the Company or any of its
Subsidiaries or any Environmental Action relating in any way to the Company or
any of its Subsidiaries, except to the extent such claim, damage, loss,
liability or expense is found in a judgment by a court of competent jurisdiction
to have resulted from such Indemnified Party's gross negligence or willful
misconduct. In the case of an investigation, litigation or other proceeding to
which the indemnity in this Section 9.04(b) applies, such indemnity shall be
effective whether or not such investigation, litigation or proceeding is brought
by any Borrower, its directors, shareholders or creditors or an Indemnified
Party or any other Person or any Indemnified Party is otherwise a party thereto
and whether or not the transactions contemplated hereby are consummated. Each
Borrower also agrees not to assert any claim for special, indirect,
consequential or punitive damages against the Agent, any Lender, any of their
Affiliates, or any of their respective directors, officers, employees, attorneys
and agents, on any theory of liability, arising out of or otherwise relating to
the Notes, this Agreement, any of the transactions contemplated herein or the
actual or proposed use of the proceeds of the Advances.

                  (c)      If any payment of principal of, or Conversion of, any
Eurodollar Rate Advance, LIBO Rate Advance is made by any Borrower to or for the
account of a Lender other than on the last day of the Interest Period for such
Advance, as a result of a payment or Conversion pursuant to Section 2.08(d) or
(e), 2.10 or 2.12, acceleration of the maturity of the Notes pursuant to Section
6.01 or for any other reason, or by an Eligible Assignee to a Lender other than
on the last day of the Interest Period for such Advance upon an assignment of
rights and obligations under this Agreement pursuant to Section 9.07 as a result
of a demand by any Borrower pursuant to Section 9.07(a), such Borrower shall,
upon demand by such Lender (with a copy of such demand to the Agent), pay to the
Agent for the account of such Lender any amounts required to compensate such
Lender for any additional losses, costs or expenses that it may reasonably incur
as a result of such payment or Conversion, including, without limitation, any
loss (including loss of anticipated profits), cost or expense incurred by reason
of the liquidation or reemployment of deposits or other funds acquired by any
Lender to fund or maintain such Advance.

                  (d)      The Borrowers acknowledge that the distribution of
material through an electronic medium is not necessarily secure and that there
are confidentiality and other risks associated with such distribution. All
notices, financial statements, financial and other reports, certificates,
requests and other information materials (the "Communications") and the website
of the Agent (the "Platform") are provided "as is" and "as available". The Agent
does not warrant the accuracy, adequacy or completeness of the Communications or
the Platform and expressly disclaims liability for errors or omissions in the
Communications or the Platform. No warranty of any kind, express, implied or
statutory, including, without limitation, any warranty of merchantability,
fitness for a particular purpose, non-infringement of third party rights or
freedom from viruses or other code defects, is made by the Agent in connection
with the Communications or the Platform.

                  (e)      Without prejudice to the survival of any other
agreement of the Borrowers hereunder, the agreements and obligations of the
Borrowers contained in Sections 2.11, 2.14 and 9.04 shall survive the payment in
full of principal, interest and all other amounts payable hereunder and under
the Notes.

                  SECTION 9.05. Right of Set-off. Upon (i) the occurrence and
during the continuance of any Event of Default and (ii) the making of the
request or the granting of the consent specified by Section 6.01 to authorize
the Agent to declare the Notes due and payable pursuant to the provisions of
Section 6.01, each Lender and each of its Affiliates is hereby authorized at any
time and from time to time, to the fullest extent permitted by

                                       36
<PAGE>

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 indebtedness at any
time owing by such Lender or such Affiliate to or for the credit or the account
of any Borrower against any and all of the obligations of any Borrower now or
hereafter existing under this Agreement and the Note held by such Lender,
whether or not such Lender shall have made any demand under this Agreement or
such Note and although such obligations may be unmatured. Each Lender agrees
promptly to notify the applicable Borrower after any such set-off and
application, provided that the failure to give such notice shall not affect the
validity of such set-off and application. The rights of each Lender and its
Affiliates under this Section are in addition to other rights and remedies
(including, without limitation, other rights of set-off) that such Lender and
its Affiliates may have.

                  SECTION 9.06. Binding Effect. This Agreement shall become
effective (other than Sections 2.01 and 2.03, which shall only become effective
upon satisfaction of the conditions precedent set forth in Section 3.01) when it
shall have been executed by the Borrowers and the Agent and when the Agent shall
have been notified by each Initial Lender that such Initial Lender has executed
it and thereafter shall be binding upon and inure to the benefit of each
Borrower, the Agent and each Lender and their respective successors and assigns,
except that no Borrower shall have the right to assign its rights hereunder or
any interest herein without the prior written consent of all of the Lenders.

                  SECTION 9.07. Assignments and Participations. (a) Each Lender
may and, if demanded by the Company (following a demand by such Lender pursuant
to Section 2.11 or 2.14 or upon a reasonable determination by the Company that a
change in law or circumstances has created a reasonable likelihood that such
Lender will make a demand pursuant to Section 2.11 or 2.14 and only if no Event
of Default has occurred and is continuing) upon at least five Business Days'
notice to such Lender and the Agent, will assign to one or more Persons all or a
portion of its rights and obligations under this Agreement (including, without
limitation, all or a portion of its Commitment, the Revolving Credit Advances
owing to it and the Revolving Credit Note or Notes held by it); provided,
however, that (i) each such assignment shall be of a constant, and not a
varying, percentage of all rights and obligations under this Agreement (other
than any right to make Competitive Bid Advances, Competitive Bid Advances owing
to it and Competitive Bid Notes), (ii) except in the case of an assignment to a
Person that, immediately prior to such assignment, was a Lender or an assignment
of all of a Lender's rights and obligations under this Agreement, the amount of
the Commitment of the assigning Lender being assigned pursuant to each such
assignment (determined as of the date of the Assignment and Acceptance with
respect to such assignment) shall in no event be less than $5,000,000 or an
integral multiple of $1,000,000 in excess thereof, (iii) each such assignment
shall be to an Eligible Assignee, (iv) each such assignment made as a result of
a demand by the Company pursuant to this Section 9.07(a) shall be arranged by
the Borrowers after consultation with the Agent and shall be either an
assignment of all of the rights and obligations of the assigning Lender under
this Agreement or an assignment of a portion of such rights and obligations made
concurrently with another such assignment or other such assignments that
together cover all of the rights and obligations of the assigning Lender under
this Agreement, (v) no Lender shall be obligated to make any such assignment as
a result of a demand by the Company pursuant to this Section 9.07(a) unless and
until such Lender shall have received one or more payments from either the
Borrowers or one or more Eligible Assignees in an aggregate amount at least
equal to the aggregate outstanding principal amount of the Advances owing to
such Lender, together with accrued interest thereon to the date of payment of
such principal amount and all other amounts payable to such Lender under this
Agreement, and (vi) the parties to each such assignment shall execute and
deliver to the Agent, for its acceptance and recording in the Register, an
Assignment and Acceptance, together with any Revolving Credit Note subject to
such assignment and a processing and recordation fee of $3,500 payable by the
parties to each such assignment, provided, however, that in the case of each
assignment made as a result of a demand by the Company, such recordation fee
shall be payable by the Borrowers except that no such recordation fee shall be
payable in the case of an assignment made at the request of the Company to an
Eligible Assignee that is an existing Lender, and (vii) each such assignment
shall be made with the consent, not to be unreasonably withheld, of the Agent
and the Company, provided that any Lender may, without the approval of the
Borrowers and the Agent, assign all or a portion of its rights to any of its
Affiliates so long as such assignment does not result in any increased cost to,
or obligation of, the Borrowers. Upon such execution, delivery, acceptance and
recording, from and after the effective date specified in each Assignment and
Acceptance, (x) the assignee thereunder shall be a party hereto and, to the
extent that rights and obligations hereunder have been assigned to it pursuant
to such Assignment and Acceptance, have the rights and obligations of a Lender
hereunder and (y) the Lender assignor thereunder shall, to the extent that
rights and obligations hereunder have been assigned by it pursuant to such
Assignment and Acceptance, relinquish its rights (other than its rights under
Section 2.11,

                                       37
<PAGE>

2.14 and 9.04 to the extent any claim thereunder relates to an event arising
prior such assignment) and be released from its obligations under this Agreement
(and, in the case of an Assignment and Acceptance covering all or the remaining
portion of an assigning Lender's rights and obligations under this Agreement,
such Lender shall cease to be a party hereto).

                  (b)      By executing and delivering an Assignment and
Acceptance, the Lender assignor thereunder and the assignee thereunder confirm
to and agree with each other and the other parties hereto as follows: (i) other
than as provided in such Assignment and Acceptance, such assigning Lender makes
no representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with this
Agreement or the execution, legality, validity, enforceability, genuineness,
sufficiency or value of this Agreement or any other instrument or document
furnished pursuant hereto; (ii) such assigning Lender makes no representation or
warranty and assumes no responsibility with respect to the financial condition
of the Borrowers or the performance or observance by the Borrowers of any of its
obligations under this Agreement or any other instrument or document furnished
pursuant hereto; (iii) such assignee confirms that it has received a copy of
this Agreement, together with copies of the financial statements referred to in
Section 4.01 and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such
Assignment and Acceptance; (iv) such assignee will, independently and without
reliance upon the Agent, such assigning Lender or any other Lender and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
this Agreement; (v) such assignee confirms that it is an Eligible Assignee; (vi)
such assignee appoints and authorizes the Agent to take such action as agent on
its behalf and to exercise such powers and discretion under this Agreement as
are delegated to the Agent by the terms hereof, together with such powers and
discretion as are reasonably incidental thereto; and (vii) such assignee agrees
that it will perform in accordance with their terms all of the obligations that
by the terms of this Agreement are required to be performed by it as a Lender.

                  (c)      Upon its receipt of an Assignment and Acceptance
executed by an assigning Lender and an assignee representing that it is an
Eligible Assignee, together with any Revolving Credit Note or Notes subject to
such assignment, the Agent shall, if such Assignment and Acceptance has been
completed and is in substantially the form of Exhibit C hereto, (i) accept such
Assignment and Acceptance, (ii) record the information contained therein in the
Register and (iii) give prompt notice thereof to the Borrowers.

                  (d)      The Agent shall maintain at its address referred to
in Section 9.02 a copy of each Assignment and Acceptance delivered to and
accepted by it and a register for the recordation of the names and addresses of
the Lenders and the Commitment of, and principal amount of the Advances owing
to, each Lender from time to time (the "Register"). The entries in the Register
shall be conclusive and binding for all purposes, absent manifest error, and the
Borrowers, the Agent and the Lenders may treat each Person whose name is
recorded in the Register as a Lender hereunder for all purposes of this
Agreement. The Register shall be available for inspection by any Borrower or any
Lender at any reasonable time and from time to time upon reasonable prior
notice.

                  (e)      Each Lender may sell participations to one or more
banks or other entities (other than any Borrower or any Affiliate of any
Borrower) in or to all or a portion of its rights and obligations under this
Agreement (including, without limitation, all or a portion of its Commitment,
the Advances owing to it and any Note or Notes held by it); provided, however,
that (i) such Lender's obligations under this Agreement (including, without
limitation, its Commitment to the Borrowers hereunder) shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations, (iii) such Lender shall remain the holder
of any such Note for all purposes of this Agreement, (iv) the Borrowers, the
Agent 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 and (v) no participant under any such participation shall have any
right to approve any amendment or waiver of any provision of this Agreement or
any Note, or any consent to any departure by any Borrower therefrom, except to
the extent that such amendment, waiver or consent would reduce the principal of,
or interest on, the Notes or any fees or other amounts payable hereunder, in
each case to the extent subject to such participation, or postpone any date
fixed for any payment of principal of, or interest on, the Notes or any fees or
other amounts payable hereunder, in each case to the extent subject to such
participation.

                  (f)      Any Lender may, in connection with any assignment or
participation or proposed assignment or participation pursuant to this Section
9.07, disclose to the assignee

                                       38
<PAGE>

or participant or proposed assignee or participant, any information relating to
any Borrower furnished to such Lender by or on behalf of such Borrower; provided
that, prior to any such disclosure, the assignee or participant or proposed
assignee or participant shall agree to preserve the confidentiality of any
Confidential Information relating to such Borrower received by it from such
Lender.

                  (g)      Notwithstanding any other provision set forth in this
Agreement, any Lender may at any time create a security interest in all or any
portion of its rights under this Agreement (including, without limitation, the
Advances owing to it and any Note or Notes held by it) in favor of any Federal
Reserve Bank in accordance with Regulation A of the Board of Governors of the
Federal Reserve System.

                  SECTION 9.08. Designated Subsidiaries. (a) Designation. The
Company may at any time and from time to time by delivery to the Agent of a
Designation Letter, duly executed by the Company and a wholly owned Subsidiary
organized under the laws of a jurisdiction in the United States and in
substantially the form of Exhibit F hereto, designate such Subsidiary as a
"Designated Subsidiary" for all purposes of this Agreement, and, upon
fulfillment of the applicable conditions set forth in Article III and after such
Designation Letter is accepted by the Agent, such Subsidiary shall thereupon
become a Designated Subsidiary for all purposes of this Agreement and, as such,
shall have all of the rights and obligations of a Borrower hereunder. The Agent
shall promptly notify each Lender of each such designation by the Company and
the identity of each such Designated Subsidiary.

                  (b)      Termination. Upon the payment and performance in full
of all of the indebtedness, liabilities and obligations of any Borrower (other
than the Company or any Borrower that is a Significant Subsidiary that is
organized under the laws of a jurisdiction in the United States) under this
Agreement and the Notes issued by it, then, so long as at such time such
Borrower has not submitted a Notice of Revolving Credit Borrowing, such
Borrower's status as a Borrower shall terminate upon notice to such effect from
the Agent to the Lenders (which notice the Agent shall promptly deliver to the
Lenders following its receipt of such a request from the Company). Thereafter,
the Lenders shall be under no further obligation to make any Revolving Credit
Advances to such Borrower.

                  SECTION 9.09. Confidentiality. Neither the Agent nor any
Lender shall disclose any Confidential Information to any other Person without
the consent of the Company, other than (a) to the Agent's or such Lender's
Affiliates and their officers, directors, employees, agents and advisors and, as
contemplated by Section 9.07(f), to actual or prospective assignees and
participants, and then only on a confidential basis, (b) as required by any law,
rule or regulation or judicial process and (d) as requested or required by any
state, federal or foreign authority or examiner regulating banks or banking.

                  SECTION 9.10. Governing Law. This Agreement and the Notes
shall be governed by, and construed in accordance with, the laws of the State of
New York.

                  SECTION 9.11. Execution in Counterparts. This Agreement may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this
Agreement by telecopier shall be effective as delivery of a manually executed
counterpart of this Agreement.

                  SECTION 9.12. Jurisdiction, Etc. (a) Each of the parties
hereto hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any New York State court or
federal court of the United States of America sitting in New York City, and any
appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement or the Notes, 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 any such New York State court or, to
the extent permitted by law, in such federal court. Each Borrower hereby agrees
that service of process in any such action or proceeding brought in the any such
New York State court or in such federal court may be made upon The Prentice-Hall
Corporation System, Inc. at its offices at 80 State Street, Albany, New York
12207-2543 (the "Process Agent") and each Borrower hereby irrevocably appoints
the Process Agent its authorized agent to accept such service of process, and
agrees that the failure of the Process Agent to give any notice of any such
service shall not impair or affect the validity of such service or of any
judgment rendered in any action or proceeding based

                                       39
<PAGE>

thereon. Each Borrower hereby further irrevocably consents to the service of
process in any action or proceeding in such courts by the mailing thereof by any
parties hereto by registered or certified mail, postage prepaid, to such
Borrower at its address specified pursuant to Section 9.02, with a copy
addressed to the Law Department. 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 any party
may otherwise have to bring any action or proceeding relating to this Agreement
or the Notes in the courts of any jurisdiction.

                  (b)      Each of the parties hereto irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively do
so, any objection that it may now or hereafter have to the laying of venue of
any suit, action or proceeding arising out of or relating to this Agreement or
the Notes in any New York State or federal court. 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.

                  SECTION 9.13. Waiver of Jury Trial. Each of the Borrowers, the
Agent and the Lenders hereby irrevocably waives all right to trial by jury in
any action, proceeding or counterclaim (whether based on contract, tort or
otherwise) arising out of or relating to this Agreement or the Notes or the
actions of the Agent or any Lender in the negotiation, administration,
performance or enforcement thereof.

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

                                          LAFARGE NORTH AMERICA INC.

                                          By  /s/ Kevin C. Grant
                                             -------------------
                                             Title: Vice President & Treasurer

                                          LAFARGE FLORIDA, INC.

                                          By  /s/ Kevin C. Grant
                                             -------------------
                                             Title: Treasurer

                                          LAFARGE MIDWEST, INC.

                                          By  /s/ Kevin C. Grant
                                             -------------------
                                             Title: Treasurer

                                          LAFARGE SOUTHWEST, INC.

                                          By  /s/ Denise Werntz
                                             -------------------
                                             Title: Vice President & Treasurer

                                          LAFARGE WEST, INC.

                                          By  /s/ Denise Werntz
                                             -------------------

                                       40
<PAGE>

                                             Title: Vice President & Treasurer

                                          MINERAL SOLUTIONS, INC.

                                          By  /s/ Kevin C. Grant
                                             -------------------
                                             Title: Treasurer

                                          PRESQUE ISLE CORPORATION

                                          By  /s/ Kevin C. Grant
                                             -------------------
                                             Title: Treasurer

                                          REDLAND GENSTAR, INC.

                                          By  /s/ Kevin C. Grant
                                             -------------------
                                             Title: Vice President & Treasurer

                                          REDLAND QUARRIES NY, INC.

                                          By  /s/ Kevin C. Grant
                                             -------------------
                                             Title: Vice President & Treasurer

                                          WMI FINANCE CORPORATION

                                          By  /s/ Kevin C. Grant
                                             -------------------
                                             Title: Vice President

                                          CITIBANK, N.A.,
                                              as Agent

                                          By  /s/ Brigitte Vvong
                                             -----------------------------
                                             Title: Vice President

                                       41
<PAGE>

                                 Initial Lenders

Commitment

                              Administrative Agent

$40,000,000                               CITIBANK, N.A.

                                          By  /s/ Brigitte Vvong
                                             -----------------------------
                                          Title: Vice President

                                Syndication Agent

$40,000,000                               WACHOVIA BANK, NATIONAL ASSOCIATION

                                          By  /s/ Steve Hamil
                                             -----------------------------
                                          Title: Vice President

                                     Lenders

$30,000,000                               BANK ONE, NA

                                          By  /s/ Jules Panno
                                             -----------------------------
                                          Title: Director

$30,000,000                               BNP PARIBAS

                                          By  /s/ Arnaud Collin du Bocage
                                             ----------------------------
                                          Title: Vice President

                                          By /s/ Jerome d Humieres
                                             ---------------------
                                          Title: Vice President

$30,000,000                               SUNTRUST BANK

                                          By  /s/ Andrew Hines
                                             -----------------
                                          Title: Director

$25,000,000                               BANK OF AMERICA, N.A.

                                          By  /s/ Elizabeth Nass
                                             -------------------
                                          Title: Managing Director

$25,000,000                               BANK OF MONTREAL

                                          By  /s/ Ian Hayes
                                             --------------
                                          Title: Vice President

                                       42
<PAGE>

$25,000,000                               BAYERISCHE LANDESBANK GIROZENTRALE

                                          By  /s/ Herewald Drummond
                                             ----------------------
                                          Title: Senior Vice President

                                          By  /s/ James H. Boyle
                                             -------------------
                                          Title: Vice President

$22,500,000                               FIRSTAR BANK, NATIONAL ASSOCIATION

                                          By  /s/ Richard Popp
                                             -----------------
                                          Title: Vice President

                                          By  /s/ Michael Dickman
                                             --------------------
                                          Title: AVP

$20,000,000                               THE BANK OF NOVA SCOTIA

                                          By  /s/ Todd Meller
                                             ----------------
                                          Title: Managing Director

$12,500,000                               WELLS FARGO BANK, N.A.

                                          By  /s/ Lori Ross
                                             --------------------
                                          Title: Vice President

$300,000,000      Total of the Commitments

                                       43

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