Common use of Prepayments of Other Indebtedness Clause in Contracts

Prepayments of Other Indebtedness. Modifications of Organizational Documents and Other Documents, etc. 125 SECTION 6.12 Limitation on Certain Restrictions on Subsidiaries 127 SECTION 6.13 Limitation on Issuance of Capital Stock 128 SECTION 6.14 Limitation on Creation of Subsidiaries 129 SECTION 6.15 Business 129 SECTION 6.16 Limitation on Accounting Changes 129 SECTION 6.17 Fiscal Year 129 SECTION 6.18 Lease Obligations 129 SECTION 6.19 No Further Negative Pledge 129 SECTION 6.20 Anti-Terrorism Law; Anti-Money Laundering 130 SECTION 6.21 Embargoed Persons 130 SECTION 6.22 Tax Shelter Reporting 131 ARTICLE VII. GUARANTEE 131 SECTION 7.01 The Guarantee 131 SECTION 7.02 Obligations Unconditional 132 SECTION 7.03 Reinstatement 133 SECTION 7.04 Subrogation; Subordination 133 SECTION 7.05 Remedies 133 SECTION 7.06 Instrument for the Payment of Money 134 SECTION 7.07 Continuing Guarantee 134 SECTION 7.08 General Limitation on Guarantee Obligations 134 SECTION 7.09 Release of Guarantors 134 SECTION 7.10 Certain Tax Matters 134 SECTION 7.11 German Guarantor 135 SECTION 7.12 Swiss Guarantors 137 SECTION 7.13 Irish Guarantor 138 Page

Prepayments of Other Indebtedness. Modifications of Organizational Documents and Other Documents, etc. 125 179 SECTION 6.12 Limitation on Certain Restrictions on Subsidiaries 127 182 SECTION 6.13 Limitation on Issuance of Capital Stock 128 183 SECTION 6.14 Limitation on Creation of Subsidiaries 129 183 SECTION 6.15 Business 129 183 SECTION 6.16 Limitation on Accounting Changes 129 184 SECTION 6.17 Fiscal Year 129 184 SECTION 6.18 Lease Obligations 129 184 SECTION 6.19 No Further Negative Pledge 129 184 SECTION 6.20 Anti-Terrorism Law; Anti-Money Laundering 130 185 SECTION 6.21 Embargoed Persons 130 185 SECTION 6.22 Tax Shelter Reporting 131 185 ARTICLE VII. GUARANTEE 131 185 SECTION 7.01 The Guarantee 131 186 SECTION 7.02 Obligations Unconditional 132 186 SECTION 7.03 Reinstatement 133 187 SECTION 7.04 Subrogation; Subordination 133 188 SECTION 7.05 Remedies 133 188 SECTION 7.06 Instrument for the Payment of Money 134 188 SECTION 7.07 Continuing Guarantee 134 188 SECTION 7.08 General Limitation on Guarantee Obligations 134 188 SECTION 7.09 Release of Guarantors 134 189 SECTION 7.10 Certain Tax Matters 134 189 SECTION 7.11 German Guarantor 135 190 SECTION 7.12 Swiss Guarantors 137 192 Page SECTION 7.13 Irish Guarantor 138 Page193 SECTION 7.14 Brazilian Guarantor 193 ARTICLE VIII. EVENTS OF DEFAULT 193 SECTION 8.01 Events of Default 193 SECTION 8.02 Rescission 196 SECTION 8.03 Application of Proceeds 197 ARTICLE IX. COLLATERAL ACCOUNT; COLLATERAL MONITORING; APPLICATION OF COLLATERAL PROCEEDS 198 SECTION 9.01 Accounts; Cash Management 198 SECTION 9.02 Inventory 201 SECTION 9.03 Borrowing Base-Related Reports 202 SECTION 9.04 Rescission of Activation Notice 203

Prepayments of Other Indebtedness. Modifications of Organizational Documents and Other Documents, etc. 125 SECTION 240 Section 6.12 Limitation on Certain Restrictions on Restricted Subsidiaries 127 SECTION 242 Section 6.13 Limitation on Issuance of Disqualified Capital Stock 128 SECTION 244 Section 6.14 Limitation on Creation of Subsidiaries 129 SECTION Senior Secured Net Leverage Ratio 244 Section 6.15 Business 129 SECTION 244 Section 6.16 Limitation on Accounting Changes 129 SECTION 245 Section 6.17 Fiscal Year 129 SECTION 245 Section 6.18 Lease Obligations 129 SECTION Margin Rules 245 Section 6.19 No Further Negative Pledge 129 SECTION 246 Section 6.20 Anti-Terrorism Law; Anti-Money Laundering 130 SECTION 247 Section 6.21 Embargoed Persons 130 SECTION 6.22 Tax Shelter Reporting 131 247 ARTICLE VII. VII GUARANTEE 131 SECTION 247 Section 7.01 The Guarantee 131 SECTION 247 Section 7.02 Obligations Unconditional 132 SECTION 249 Section 7.03 Reinstatement 133 SECTION 250 Section 7.04 Subrogation; Subordination 133 SECTION 250 Section 7.05 Remedies 133 SECTION 251 Section 7.06 Instrument for the Payment of Money 134 SECTION 251 Section 7.07 Continuing Guarantee 134 SECTION 251 Section 7.08 General Limitation on Guarantee Obligations 134 SECTION 251 Section 7.09 Release of Guarantors 134 SECTION 251 Section 7.10 Certain Tax Matters 134 SECTION 252 Section 7.11 German Guarantor 135 SECTION 252 Section 7.12 Swiss Guarantors 137 SECTION 255 Section 7.13 Irish Guarantor 138 Page256 Section 7.14 Brazilian Guarantor 256 Section 7.15 French Guarantor. 256 Section 7.16 Belgian Guarantor 257 Section 7.17 Keepwell 257 ARTICLE VIII EVENTS OF DEFAULT 257 Section 8.01 Events of Default 257 Section 8.02 Rescission 261 Section 8.03 Application of Proceeds 261 Section 8.04 Designated Company’s Right to Cure 263 ARTICLE IX [INTENTIONALLY OMITTED] 264 ARTICLE X THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT 264 Section 10.01 Appointment and Authority 264 Section 10.02 Rights as a Lender 264 Section 10.03 Exculpatory Provisions 264 Section 10.04 Reliance by the Administrative Agent 266 Section 10.05 Delegation of Duties 267 Section 10.06 Resignation of Agent 267 Section 10.07 Non-Reliance on Agent and Other Lenders 268 Section 10.08 No Other Duties, etc 268 Section 10.09 Administrative Agent May File Proofs of Claim 268 Section 10.10 Concerning the Collateral and the Related Loan Documents 269 Section 10.11 Release 269 Section 10.12 Acknowledgment of Security Trust Deed 269 Section 10.13 Secured Hedging Agreements 270 ARTICLE XI MISCELLANEOUS 270 Section 11.01 Notices 270 Section 11.02 Waivers; Cumulative Remedies; Amendment 274 Section 11.03 Expenses; Indemnity; Damage Waiver 281 Section 11.04 Successors and Assigns 284 Section 11.05 Survival of Agreement 291 Section 11.06 Counterparts; Integration; Effectiveness 291 Section 11.07 Severability 291 Section 11.08 Right of Setoff 292 SECTION 11.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 292 SECTION 11.10 WAIVER OF JURY TRIAL 293 Section 11.11 Headings 294 Section 11.12 Treatment of Certain Information; Confidentiality 294 Section 11.13 USA PATRIOT Act Notice 295 Section 11.14 Interest Rate Limitation 295 Section 11.15 Singapore Personal Data Protection Act 295 Section 11.16 Obligations Absolute 296 Section 11.17 Intercreditor Agreement 296 Section 11.18 Judgment Currency 297 Section 11.19 Enforcement 297 Section 11.20 No Advisory or Fiduciary Responsibility 298 Section 11.21 Abstract Acknowledgment of Indebtedness and Joint Creditorship 298 Section 11.22 Special Appointment of Collateral Agent for German Security 299 Section 11.23 Special Appointment of Collateral Agent in Relation to South Korea 301 Section 11.24 Special Appointment of Collateral Agent in Relation to France 301 Section 11.25 Swiss Tax Ruling 302 Section 11.26 Designation of Collateral Agent under Civil Code of Quebec 302 Section 11.27 Maximum Liability 303 Section 11.28 NO ORAL AGREEMENT 303 Section 11.29 Collateral Matters 303 Section 11.30 Electronic Execution of Assignments and Certain other Documents 305 Section 11.31 Payments Set Aside 305 Section 11.32 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 306 Section 11.33 Lender Consents and Acknowledgements 306 Section 11.34 Termination 308 Section 11.35 Lender Authorizations 308 Section 11.36 Dutch Parallel Debt in Relation to the Dutch Security Agreements 308 Section 11.37 Special Appointment of Collateral Agent in Relation to Belgium 309 Section 11.38 Lender Exculpation 310 Section 11.39 Acknowledgement Regarding Any Supported QFCs 310 ANNEXES Annex I Amortization Table SCHEDULES Schedule 1.01(a) Term Loan Commitments Schedule 1.01(b) Subsidiary Guarantors Schedule 1.01(c) Excluded Collateral Subsidiaries Schedule 1.01(d) Existing Secured Hedge Providers Schedule 1.01(e) Administrative Agent’s Office Schedule 3.06(c) Violations or Proceedings Schedule 3.17 Pension Matters Schedule 3.19 Insurance Schedule 3.21 Material Documents Schedule 3.24 Location of Material Inventory Schedule 4.02(g) Local and Foreign Counsel Schedule 5.11(b) Certain Subsidiaries Schedule 5.15 Post-Closing Covenants Schedule 5.15-1 Title Insurance Amounts Schedule 6.01(b) Existing Indebtedness Schedule 6.02(c) Existing Liens Schedule 6.04(b) Existing Investments EXHIBITS Exhibit A Form of Administrative Questionnaire Exhibit B Form of Assignment and Assumption Exhibit C Form of Borrowing Request Exhibit D Form of Compliance Certificate Exhibit E Form of Interest Election Request Exhibit F Form of Joinder Agreement Exhibit G Form of Landlord Access Agreement Exhibit H-1 Form of U.S. Tax Compliance Certificate Exhibit H-2 Form of U.S. Tax Compliance Certificate Exhibit H-3 Form of U.S. Tax Compliance Certificate Exhibit H-4 Form of U.S. Tax Compliance Certificate Exhibit I Form of Escrow Drawdown Request Exhibit J Form of Mortgage Exhibit K Form of Term Loan Note Exhibit L-1 Form of Perfection Certificate Exhibit L-2 Form of Perfection Certificate Supplement Exhibit M [Intentionally Omitted] Exhibit N [Intentionally Omitted] Exhibit O Form of Solvency Certificate Exhibit P Form of Intercompany Note Exhibit Q Form of Secured Hedge Provider Joinder CREDIT AGREEMENT This CREDIT AGREEMENT (as amended as of September 14, 2017, as of November 20, 2018, as of December 18, 2018, as of February 21, 2020, as of August 25, 2020, and as further, dated as of January 10, 2017 (as amended, restated, amended and restated, supplemented or modified, the “Agreement”), dated as of January 10, 2017, is among NOVELIS INC., a corporation amalgamated under the Canada Business Corporations Act and having its corporate office at Two Alliance Center, 0000 Xxxxx Xxxx, Xxxxx 0000, Xxxxxxx, XX 00000, XXX, as borrower (in such capacity, and together with its successors in such capacity, the “Borrower”), AV METALS INC., a corporation formed under the Canada Business Corporations Act and having its corporate office at Two Alliance Center, 0000 Xxxxx Xxxx, Xxxxx 0000, Xxxxxxx, XX 00000, XXX, the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given to it in Article I), the Lenders, and Standard Chartered Bank, being a company incorporated in England by Royal Charter 1853, with reference number ZC18 and whose registered office is 0 Xxxxxxxxxx Xxxxxx, Xxxxxx XX0X 0XX, as administrative agent (in such capacity, and together with its successors in such capacity, “Administrative Agent”) for the Lenders and as collateral agent (in such capacity, and together with its successors in such capacity, “Collateral Agent”) for the Lenders.

Prepayments of Other Indebtedness. Modifications of Organizational Documents and Other Documents, etc. 125 SECTION 203 Section 6.12 Limitation on Certain Restrictions on Restricted Subsidiaries 127 SECTION 211 Section 6.13 Limitation on Issuance of Disqualified Capital Stock 128 SECTION 211 Section 6.14 Limitation on Creation of Subsidiaries 129 SECTION Senior Secured Net Leverage Ratio 211 Section 6.15 Business 129 SECTION 212 Section 6.16 Limitation on Accounting Changes 129 SECTION 212 Section 6.17 Fiscal Year 129 SECTION 212 Section 6.18 Lease Obligations 129 SECTION Margin Rules 213 Section 6.19 No Further Negative Pledge 129 SECTION 213 Section 6.20 Anti-Terrorism Law; Anti-Money Laundering 130 SECTION 213 Section 6.21 Embargoed Persons 130 SECTION 6.22 Tax Shelter Reporting 131 213 ARTICLE VII. VII GUARANTEE 131 SECTION 213 Section 7.01 The Guarantee 131 SECTION 213 Section 7.02 Obligations Unconditional 132 SECTION 215 Section 7.03 Reinstatement 133 SECTION 216 Section 7.04 Subrogation; Subordination 133 SECTION 216 Section 7.05 Remedies 133 SECTION 216 Section 7.06 Instrument for the Payment of Money 134 SECTION 216 1117313.05-XXXXX000000000.12E-CHISR01A - MSW Section 7.07 Continuing Guarantee 134 SECTION 216 Section 7.08 General Limitation on Guarantee Obligations 134 SECTION 217 Section 7.09 Release of Guarantors 134 SECTION 217 Section 7.10 Certain Tax Matters 134 SECTION 218 Section 7.11 German Guarantor 135 SECTION 219 Section 7.12 Swiss Guarantors 137 SECTION 220 Section 7.13 Irish Guarantor 138 Page221 Section 7.14 Brazilian Guarantor 221 Section 7.15 French Guarantor. 221 Section 7.16 Belgian Guarantor 222 Section 7.17 Keepwell 222 ARTICLE VIII EVENTS OF DEFAULT 222 Section 8.01 Events of Default 224 Section 8.02 Rescission 225 Section 8.03 Application of Proceeds 226 Section 8.04 Designated Company’s Right to Cure 227 ARTICLE IX [INTENTIONALLY OMITTED] 228

Prepayments of Other Indebtedness. Modifications of Organizational Documents and Other Documents, etc. 125 SECTION 242 Section 6.12 Limitation on Certain Restrictions on Restricted Subsidiaries 127 SECTION 245 Section 6.13 Limitation on Issuance of Disqualified Capital Stock 128 SECTION 246 Section 6.14 Limitation on Creation of Subsidiaries 129 SECTION Senior Secured Net Leverage Ratio 246 Section 6.15 Business 129 SECTION 246 Section 6.16 Limitation on Accounting Changes 129 SECTION 247 Section 6.17 Fiscal Year 129 SECTION 247 Section 6.18 Lease Obligations 129 SECTION Margin Rules 247 Section 6.19 No Further Negative Pledge 129 SECTION 248 Section 6.20 Anti-Terrorism Law; Anti-Money Laundering 130 SECTION 248 Section 6.21 Embargoed Persons 130 SECTION 6.22 Tax Shelter Reporting 131 249 ARTICLE VII. VII GUARANTEE 131 SECTION 249 Section 7.01 The Guarantee 131 SECTION 249 Section 7.02 Obligations Unconditional 132 SECTION 250 Section 7.03 Reinstatement 133 SECTION 252 Section 7.04 Subrogation; Subordination 133 SECTION 252 Section 7.05 Remedies 133 SECTION 252 Section 7.06 Instrument for the Payment of Money 134 SECTION 252 Section 7.07 Continuing Guarantee 134 SECTION 253 Section 7.08 General Limitation on Guarantee Obligations 134 SECTION 253 Section 7.09 Release of Guarantors 134 SECTION 253 Section 7.10 Certain Tax Matters 134 SECTION 253 Section 7.11 German Guarantor 135 SECTION 254 Section 7.12 Swiss Guarantors 137 SECTION 256 Section 7.13 Irish Guarantor 138 Page257 Section 7.14 Brazilian Guarantor 258 Section 7.15 French Guarantor. 258 Section 7.16 Belgian Guarantor 258 Section 7.17 Keepwell 258 ARTICLE VIII EVENTS OF DEFAULT 259 Section 8.01 Events of Default 259 Section 8.02 Rescission 262 Section 8.03 Application of Proceeds 262 Section 8.04 Designated Company’s Right to Cure 264 ARTICLE IX [INTENTIONALLY OMITTED] 265 ARTICLE X THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT 265 Section 10.01 Appointment and Authority 265 Section 10.02 Rights as a Lender 265 Section 10.03 Exculpatory Provisions 265 Section 10.04 Reliance by the Administrative Agent 267 Section 10.05 Delegation of Duties 268