EIGHTH AMENDED AND RESTATED CREDIT AGREEMENT Dated as of September 28, 2012, Among TRW AUTOMOTIVE HOLDINGS CORP., TRW AUTOMOTIVE INC. (f/k/a TRW AUTOMOTIVE ACQUISITION CORP.), THE FOREIGN SUBSIDIARY BORROWERS PARTY HERETO, THE LENDERS PARTY HERETO,...

Exhibit 10.1

EXECUTION VERSION

EIGHTH AMENDED AND RESTATED

CREDIT AGREEMENT

Dated as of September 28, 2012,

Among

TRW AUTOMOTIVE HOLDINGS CORP.,

TRW AUTOMOTIVE INC. (f/k/a

TRW AUTOMOTIVE ACQUISITION CORP.),

THE FOREIGN SUBSIDIARY BORROWERS PARTY HERETO,

THE LENDERS PARTY HERETO,

JPMORGAN CHASE BANK, N.A.

(f/k/a JPMORGAN CHASE BANK),

as Administrative Agent,

and

BANK OF AMERICA, N.A.,

as Syndication Agent

X.X. XXXXXX SECURITIES LLC and

XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED,

as Lead Arrangers

X.X. XXXXXX SECURITIES LLC and

XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED,

as Joint Bookrunners

and

COMMERZBANK AKTIENGESELLSCHAFT,

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, NEW YORK BRANCH,

XXXXXXX SACHS BANK USA

and

PNC BANK, NATIONAL ASSOCIATION,

as Co-Documentation Agents

[CS&M Ref. No. 6701-290]

TABLE OF CONTENTS


	Page(s)
ARTICLE I Definitions		5
SECTION 1.01. Defined Terms		5
SECTION 1.02. Terms Generally		55
SECTION 1.03. Exchange Rates		56
SECTION 1.04. Redenomination of Certain Foreign Currencies		56

ARTICLE II The Credits		57

SECTION 2.01. Commitments		57
SECTION 2.02. Loans and Borrowings		57
SECTION 2.03. Requests for Borrowings		58
SECTION 2.04. Swingline Loans		60
SECTION 2.05. Letters of Credit		62
SECTION 2.06. Funding of Borrowings		69
SECTION 2.07. Interest Elections		70
SECTION 2.08. Termination and Reduction of Commitments		71
SECTION 2.09. Repayment of Loans; Evidence of Debt		72
SECTION 2.10. Repayment of Revolving Loans		73
SECTION 2.11. Prepayment of Loans		74
SECTION 2.12. Fees		74
SECTION 2.13. Interest		76
SECTION 2.14. Alternate Rate of Interest		77
SECTION 2.15. Increased Costs		77
SECTION 2.16. Break Funding Payments		79
SECTION 2.17. Taxes		79
SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs		83
SECTION 2.19. Mitigation Obligations; Replacement of Lenders		85
SECTION 2.20. Foreign Subsidiary Borrowers		86
SECTION 2.21. Additional Reserve Costs		87
SECTION 2.22. Ancillary Facilities		88
SECTION 2.23. Incremental Extensions of Credit		92
SECTION 2.24. Defaulting Lenders		95
SECTION 2.25. Extension Offers		98

ARTICLE III Representations and Warranties		100

SECTION 3.01. Organization; Powers		100
SECTION 3.02. Authorization		100
SECTION 3.03. Enforceability		100
SECTION 3.04. Governmental Approvals		101
SECTION 3.05. Financial Statements		101
SECTION 3.06. No Material Adverse Change or Material Adverse Effect		101
SECTION 3.07. Title to Properties; Possession Under Leases		101


SECTION 3.08. Subsidiaries			102
SECTION 3.09. Litigation; Compliance with Laws			103
SECTION 3.10. Federal Reserve Regulations			103
SECTION 3.11. Investment Company Act			103
SECTION 3.12. Use of Proceeds			103
SECTION 3.13. Tax Returns			103
SECTION 3.14. No Material Misstatements			104
SECTION 3.15. Employee Benefit Plans			104
SECTION 3.16. Environmental Matters			105
SECTION 3.17. Security Documents			105
SECTION 3.18. Location of Real Property and Leased Premises			107
SECTION 3.19. Solvency			107
SECTION 3.20. Labor Matters			108
SECTION 3.21. Insurance			108

ARTICLE IV Conditions			108

SECTION 4.01. Effectiveness of Restated Credit Agreement			108
SECTION 4.02. All Credit Events			111
SECTION 4.03. Credit Events Relating to Foreign Subsidiary Borrowers			111

ARTICLE V Affirmative Covenants			112

SECTION 5.01. Existence; Businesses and Properties			112
SECTION 5.02. Insurance			113
SECTION 5.03. Taxes			115
SECTION 5.04. Financial Statements, Reports, etc.			115
SECTION 5.05. Litigation and Other Notices			117
SECTION 5.06. Compliance with Laws			117
SECTION 5.07. Maintaining Records; Access to Properties and Inspections			118
SECTION 5.08. Use of Proceeds			118
SECTION 5.09. Compliance with Environmental Laws			118
SECTION 5.10. Further Assurances; Additional Mortgages			118
SECTION 5.11. Fiscal Year; Accounting			120
SECTION 5.12. [Intentionally Omitted]			120
SECTION 5.13. Post Restatement Effective Date Matters			120
SECTION 5.14. Collateral Release			121

ARTICLE VI Negative Covenants			122

SECTION 6.01. Indebtedness			122
SECTION 6.02. Liens			125
SECTION 6.03. Sale and Lease-Back Transactions			128
SECTION 6.04. Investments, Loans and Advances			128
SECTION 6.05. Mergers, Consolidations			131
SECTION 6.06. Dividends and Distributions			133
SECTION 6.07. Transactions with Affiliates			134
SECTION 6.08. Business of Holdings, the U.S. Borrower and the Subsidiaries			136


SECTION 6.09. Limitation on Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc.			136
SECTION 6.10. [Reserved.]			138
SECTION 6.11. Interest Coverage Ratio			138
SECTION 6.12. Leverage Ratio			139
SECTION 6.13. Swap Agreements			139

ARTICLE VII Events of Default			139

SECTION 7.01. Events of Default			139
SECTION 7.02. Exclusion of Immaterial Subsidiaries			142
SECTION 7.03. U.S. Borrower’s Right to Cure			142

ARTICLE VIII The Agents			143

SECTION 8.01. Appointment			143
SECTION 8.02. Nature of Duties			145
SECTION 8.03. Resignation by the Agents			145
SECTION 8.04. Each Agent in its Individual Capacity			145
SECTION 8.05. Indemnification			146
SECTION 8.06. Lack of Reliance on Agents			146
SECTION 8.07. Designation of Affiliates for Foreign Currency Loans			146

ARTICLE IX Miscellaneous			147

SECTION 9.01. Notices			147
SECTION 9.02. Survival of Agreement			148
SECTION 9.03. Binding Effect			148
SECTION 9.04. Successors and Assigns			148
SECTION 9.05. Expenses; Indemnity			153
SECTION 9.06. Right of Set-off			155
SECTION 9.07. Applicable Law			155
SECTION 9.08. Waivers; Amendment			155
SECTION 9.09. Interest Rate Limitation			157
SECTION 9.10. Entire Agreement			157
SECTION 9.11. WAIVER OF JURY TRIAL			157
SECTION 9.12. Severability			157
SECTION 9.13. Counterparts			158
SECTION 9.14. Headings			158
SECTION 9.15. Jurisdiction; Consent to Service of Process			158
SECTION 9.16. Confidentiality			158
SECTION 9.17. Conversion of Currencies			160
SECTION 9.18. USA PATRIOT Act			160

ARTICLE X Ancillary Facility Adjustments			161

SECTION 10.01. Exchange of Interests in Ancillary Facilities			161

ARTICLE XI Collection Allocation Mechanism			162

SECTION 11.01. Implementation of CAM			162
SECTION 11.02. Letters of Credit and Unfunded Ancillary Credit Extensions			163
SECTION 11.03. Existing Credit Agreement; Effectiveness of this Agreement; Consent to Amendment to U.S. Collateral Agreement			165

Exhibits and Schedules


Exhibit A		Form of Assignment and Acceptance
Exhibit B-1		Form of U.S. Administrative Questionnaire
Exhibit B-2		Form of Foreign Administrative Questionnaire
Exhibit C-1		Form of Borrowing Request
Exhibit C-2		Form of Swingline Borrowing Request
Exhibit D		Form of U.S. Mortgage
Exhibit E		Form of U.S. Collateral Agreement
Exhibit F		Form of Foreign Guarantee
Exhibit G		Form of Xxxxx Guarantee
Exhibit H		Form of Additional Intercreditor Agreement
Exhibit I		Form of First Lien Intercreditor Agreement
Exhibit J		[Intentionally Omitted]
Exhibit K-1		Form of Foreign Subsidiary Borrower Agreement
Exhibit K-2		Form of Foreign Subsidiary Borrower Termination
Exhibit L		Reserve Costs for Mandatory Costs Rate
Exhibit M		[Intentionally Omitted]
Exhibit N		[Intentionally Omitted]
Exhibit O		Form of Opinion of Xxxxxxx Xxxxxxx & Xxxxxxxx LLP
Exhibit P		[Intentionally Omitted]
Exhibits Q-1 to Q-4		U.S. Tax Compliance Certificates

Schedule 1.01(a)		Acquired Foreign Subsidiaries
Schedule 1.01(b)		Foreign Acquirors, Foreign Acquiror Equity Contributions and Foreign Acquiror Loans
Schedule 1.01(c)		Applicable Margin Terms
Schedule 1.01(d)		Foreign Pledge Agreements
Schedule 1.01(e)		Foreign Subsidiary Loan Parties
Schedule 1.01(f)		Ancillary Facility Limits
Schedule 1.01(g)		Collateral and Guarantee Requirement
Schedule 1.01(h)		Certain U.S. Subsidiaries
Schedule 2.01		Commitments
Schedule 2.04(a)		Swingline Dollar Commitments
Schedule 2.04(b)		Swingline Foreign Currency Commitments
Schedule 2.22		Ancillary Commitments
Schedule 3.01		Organization and Good Standing
Schedule 3.04		Governmental Approvals
Schedule 3.08(b)		Subsidiaries
Schedule 3.08(c)		Subscriptions
Schedule 3.09		Litigation
Schedule 3.13		Taxes
Schedule 3.18		Mortgaged Properties


Schedule 3.20		Labor Matters
Schedule 3.21		Insurance
Schedule 4.01		Restatement Effective Date Collateral Matters
Schedule 6.02		Liens as of May 9, 2007
Schedule 6.03		Sale and Lease-Back Transactions as of May 9, 2007
Schedule 6.04(h)		Existing Investments as of May 9, 2007
Schedule 6.07		Transactions with Affiliates as of May 9, 2007

EIGHTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of September 28, 2012 (this “Agreement”), among TRW AUTOMOTIVE HOLDINGS CORP., a Delaware corporation (“Holdings”), TRW AUTOMOTIVE INC. (f/k/a TRW AUTOMOTIVE ACQUISITION CORP.), a Delaware corporation (the “U.S. Borrower”), the FOREIGN SUBSIDIARY BORROWERS party hereto, the LENDERS party hereto from time to time, JPMORGAN CHASE BANK, N.A. (f/k/a JPMORGAN CHASE BANK), as administrative agent (in such capacity, the “Administrative Agent”), and as collateral agent (in such capacity, the “Collateral Agent”) for the Lenders, and BANK OF AMERICA, N.A., as syndication agent (in such capacity, the “Syndication Agent”).

Pursuant to or in connection with the Purchase Agreement (with such term and each other capitalized term used but not defined in this preamble having the meaning assigned thereto in Article I), (a) the Equity Contributions were made, (b) the financing transactions described in this preamble were consummated, (c) the Xxxxx Equity Contribution, the Xxxxx Loan, the Newco UK Equity Contribution, the Newco UK Loan, the Foreign Acquiror Equity Contributions and the Foreign Acquiror Loans were consummated, (d) the Stock Purchases were consummated, and (e) fees and expenses (the “Transaction Costs”) incurred in connection with the foregoing were paid.

On the Closing Date, (a) Automotive Investors L.L.C., a Delaware limited liability company (“AILLC”) and a Fund Affiliate and the Management Group, through the Management Equity Vehicle, together contributed not less than $500,000,000 in cash to Holdings in exchange for not less than 500,000 shares of Holdings Common Stock (the “Holdings Equity Contribution”), (b) Holdings contributed (i) the proceeds of the Holdings Equity Contribution and (ii) a number of shares of Holdings Common Stock (the “Stock Consideration”), that taken together with the shares issued pursuant to the Holdings Equity Contribution had an implied value of not less than $868,000,000, to TRW Automotive Intermediate Holdings Corp. (“Intermediate Holdings”), in exchange for all the issued and outstanding Equity Interests of Intermediate Holdings (the “Intermediate Holdings Equity Contribution”), (c) Intermediate Holdings contributed to the U.S. Borrower in exchange for all the issued and outstanding Equity Interests of the U.S. Borrower (i) the cash proceeds of the Intermediate Holdings Equity Contribution, (ii) the Stock Consideration and (iii) 62.7% shares of LucasVarity Automotive Holding Co., a Delaware corporation (“LucasVarity Holdings”), purchased by Intermediate Holdings from a subsidiary of Northrop Space and Mission in exchange for a note (the “Seller Note”) in an aggregate principal amount of $600,000,000 issued by Intermediate Holdings and (d) the U.S. Borrower contributed $10,000,000 in cash to Automotive (LV) Corp. in exchange for all the issued and outstanding Equity Interests of Automotive (LV) Corp. (the steps described in clauses (a)-(d) of this paragraph together, the “Equity Contributions”).

On February 18, 2003, the U.S. Borrower issued and sold in offerings pursuant to Rule 144A under the Securities Act of 1933 (the “Securities Act”) and Regulation S under the Securities Act (a) Senior Notes having an aggregate principal amount of $925,000,000, (b) Senior Notes having an aggregate principal amount of €200,000,000, (c) Senior Subordinated Notes having an aggregate principal amount of $300,000,000 and (d) Senior Subordinated Notes having an aggregate principal amount of €125,000,000.

Simultaneously with the consummation of the Equity Contributions, (a) the U.S. Borrower obtained, and made Borrowings in an aggregate amount the Dollar Equivalent of which is not in excess of $1,544,000,000 under, the senior secured credit facilities provided for by the Original Credit Agreement, (b) the U.S. Borrower made the Management Equity Loan and (c) the U.S. Borrower and certain of the Subsidiaries obtained $150,000,000 in proceeds under the Permitted Receivables Financing.

Prior to the consummation of the transactions described in the immediately preceding sentence, the U.S. Borrower contributed €12,500 in cash to Xxxxx in exchange for all of the issued and outstanding Equity Interests of Xxxxx (the “Xxxxx Equity Contributions”). Concurrently with the consummation of the transactions described in the immediately preceding paragraph, (a) the U.S. Borrower (i) made the Foreign Acquiror Equity Contributions and the Xxxxx Loan and (ii) contributed no more than $12,000,000 to Automotive Holdings (UK), Ltd. (“Newco UK”) in exchange for all the issued and outstanding Equity Interests of Newco UK (the “Newco UK Equity Contribution”) and made the Newco UK Loan, (b) Xxxxx used the proceeds of the Xxxxx Loan to make the Foreign Acquiror Loans, (c) the U.S. Borrower purchased from a subsidiary of Northrop Space and Mission all the issued and outstanding shares of LucasVarity Holdings not purchased by Intermediate Holdings (as described above) for $356,510,000 in cash, (d) (i) the Wholly Owned Subsidiaries set forth on Schedule 1.01(b) (the “Foreign Acquirors”) used the proceeds of the Foreign Acquiror Equity Contributions and the Foreign Acquiror Loans to purchase from subsidiaries of Northrop Space and Mission all the Equity Interests of the Subsidiaries specified on Schedule 1.01(a) (the “Acquired Foreign Subsidiaries”) and (ii) Newco UK used the proceeds of the Newco UK Equity Contribution and the Newco UK Loan to acquire 80.4% of the issued and outstanding shares of LucasVarity, a company organized under the laws of England and Wales (“LucasVarity”) and all the issued and outstanding Equity Interests in TRW UK Ltd and all the issued and outstanding Equity Interests of TRW INO Ltd., (e) Automotive Holdings (France) S.A.S. purchased no less than 90% of the Equity Interests of TRW France Holdings SAS from Xxxxx Investments, Limited in exchange for a subordinated note of Automotive Holdings (France) S.A.S. in an aggregate principal amount of up to $542,000,000, (f) Automotive (LV) Corp. purchased from a subsidiary of Northrop Space and Mission 1% of the issued and outstanding LucasVarity shares for $10,000,000 in cash, (g) the U.S. Borrower purchased from a subsidiary of Northrop Space and Mission (i) all the issued and outstanding LucasVarity shares not purchased by Automotive (LV) Corp. or Newco UK, and (ii) all the issued and outstanding shares of TRW Steering & Suspension Co. Ltd., TRW Vehicle Safety Systems and TRW Automotive JV LLC for $280,000,000 in cash and the Stock Consideration, (h) the U.S. Borrower purchased from a subsidiary of Northrop Space and Mission all the issued and outstanding Equity Interests of TRW Auto Holdings Inc. and TRW Automotive U.S. LLC for $1,126,000,000 in cash (the steps described in

clauses (c)-(h) of this paragraph together, the “Stock Purchases”). Following the consummation of the Stock Purchases, (i) the U.S. Borrower contributed to LucasVarity 1% of the Equity Interests of Xxxxx acquired by the U.S. Borrower as described in clause (a) above and (j) the U.S. Borrower contributed to Newco UK all the LucasVarity shares purchased by U.S. Borrower (as described in clause (g) above) in exchange for 18.6% of the issued and outstanding shares of Newco UK.

The Borrowers borrowed (a) tranche A term loans on the Closing Date, in an aggregate principal amount not in excess of $410,000,000, (b) tranche B-1 term loans on the Closing Date, in an aggregate principal amount not in excess of $1,030,000,000, and (c) tranche B-2 term loans on the Closing Date in an aggregate principal amount in Euros not in excess of €64,814,815.

The proceeds of such term loans were used by the U.S. Borrower and the Subsidiaries on the Closing Date, together with (a) the Equity Contributions, (b) up to $12,000,000 in proceeds of U.S. Revolving Facility Loans, (c) the proceeds of the offering and sale of the Senior Notes and the Senior Subordinated Notes and (d) the proceeds of the initial sale on the Closing Date of accounts receivable and related assets under the Permitted Receivables Financing, solely (v) to make the Management Equity Loan, (w) to make the Xxxxx Loan, (x) to make the Foreign Acquiror Loans and the Newco UK Loan, (y) to make the Stock Purchases and (z) to pay the Transaction Costs.

On July 22, 2003, Holdings, Intermediate Holdings, the U.S. Borrower, the Administrative Agent and certain Lenders entered into an Amendment and Restatement Agreement (the “First Amendment and Restatement Agreement”) pursuant to which the Original Credit Agreement was amended and restated in its entirety (as so amended and restated, the “First Amended and Restated Credit Agreement”).

On January 9, 2004, Holdings, Intermediate Holdings, the U.S. Borrower, the Administrative Agent and certain Lenders entered into an Amendment and Restatement Agreement (the “Second Amendment and Restatement Agreement”) pursuant to which the First Amended and Restated Credit Agreement was amended and restated in its entirety (as so amended and restated, the “Second Amended and Restated Credit Agreement”).

On February 6, 2004, Holdings completed an initial public offering of 24,137,931 shares of its common stock (the “IPO”) and used the proceeds therefrom to (a) repurchase 12,068,965 shares of its common stock from AILLC (the “IPO Repurchase Transaction”) and (b) repay a portion of its Senior Notes and Senior Subordinated Notes (both as defined below) as follows: (i) approximately $117,000,000 of such proceeds to repay 35% of its $300,000,000 aggregate principal amount of 11% Senior Subordinated Notes, (ii) approximately $61,000,000 of such proceeds to repay 35% of its €125,000,000 aggregate principal amount of 11.75% Senior Subordinated Notes, (iii) approximately $109,000,000 of such proceeds to repay approximately 11% of its $925,000,000 aggregate principal amount of 9.375% Senior Notes and (iv) approximately $30,000,000 of such proceeds to repay approximately 11% of its €200,000,000 aggregate principal amount of 10.125% Senior Notes.

On November 2, 2004, Holdings, Intermediate Holdings, the U.S. Borrower, the Administrative Agent and certain Lenders entered into an Amendment and Restatement Agreement (the “Third Amendment and Restatement Agreement”) pursuant to which the Second Amended and Restated Credit Agreement was amended and restated in its entirety (as so amended and restated, the “Third Amended and Restated Credit Agreement”).

The Third Amended and Restated Credit Agreement provided for the Tranche E Facility, the proceeds of which (together with cash on hand) were utilized to make the Intermediate Holdings Loan. On November 12, 2004, Intermediate Holdings utilized the proceeds of the Intermediate Holdings Loan to repurchase the entire outstanding principal amount of the Seller Note.

On December 17, 2004, Holdings, Intermediate Holdings, the U.S. Borrower, the Administrative Agent and certain Lenders entered into an Amendment and Restatement Agreement (the “Fourth Amendment and Restatement Agreement”) pursuant to which the Third Amended and Restated Credit Agreement was amended and restated in its entirety (as so amended and restated, the “Fourth Amended and Restated Credit Agreement”).

On November 18, 2005, the U.S. Borrower, the Administrative Agent and certain Lenders entered into an Incremental Facility Amendment (the “Tranche B-2 Facility Amendment”) providing for the making of the Tranche B-2 Term Loans (as defined below) in an aggregate principal amount of $300,000,000 and certain amendments to the Fourth Amended and Restated Credit Agreement in order to give effect thereto.

On March 26, 2007, the U.S. Borrower issued and sold in offerings pursuant to Rule 144A under the Securities Act and Regulation S under the Securities Act (a) New Senior Notes having an aggregate principal amount of $500,000,000, (b) New Senior Notes having an aggregate principal amount of €275,000,000 and (c) New Senior Notes having an aggregate principal amount of $600,000,000.

On April 19, 2007, the U.S. Borrower repurchased a total of $825,218,850 of the aggregate principal amount of its 9-3/8% Senior Notes, €121,123,000 of the aggregate principal amount of its 10-1/8% Senior Notes, $192,909,000 of the aggregate principal amount of its 11% Senior Subordinated Notes and €79,028,000 of the aggregate principal amount of its 11-3/4% Senior Subordinated Notes.

On May 9, 2007, Holdings, Intermediate Holdings, the U.S. Borrower, the Foreign Subsidiary Borrowers and certain Lenders further amended and restated the Fourth Amended and Restated Credit Agreement in its entirety (as so amended and restated, the “Fifth Amended and Restated Credit Agreement”).

On June 24, 2009, Holdings, Intermediate Holdings, the U.S. Borrower, the Foreign Subsidiary Borrowers and certain Lenders further amended and restated the Fifth Amended and Restated Credit Agreement in its entirety (as so amended and restated, the “Sixth Amended and Restated Credit Agreement”).

On November 20, 2009, the U.S. Borrower issued the 3.5% Exchangeable Senior Notes due 2015 (the “3.5% Exchangeable Senior Notes”) in an aggregate principal amount of $258,750,000.

On November 23, 2009, the U.S. Borrower issued the 8.875% Senior Notes due 2017 (the “8.875 % Senior Notes”) in an aggregate principal amount of $250,000,000.

On December 21, 2009, Holdings, Intermediate Holdings, the U.S. Borrower, the Foreign Subsidiary Borrowers and certain Lenders further amended and restated the Sixth Amended and Restated Credit Agreement in its entirety (as so amended and restated, the “Existing Credit Agreement”).

On May 19, 2011, Intermediate Holdings merged into Holdings (with Holdings as the surviving entity of the merger).

Holdings, the U.S. Borrower, the Foreign Subsidiary Borrowers and the Lenders desire to further amend and restate the Existing Credit Agreement as more fully described herein. Subject to the satisfaction of the conditions set forth herein, the Existing Credit Agreement shall be amended and restated as provided herein.

ARTICLE I

Definitions

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

“3.5% Exchangeable Senior Notes” shall have the meaning assigned to such term in the preamble to this Agreement.

“3.5% Senior Note Indenture” shall mean the Indenture dated as of November 20, 2009, among the U.S. Borrower, the Subsidiaries party thereto and the trustee named therein from time to time, as in effect on the Restatement Effective Date and as amended, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

“3.5% Exchangeable Senior Note Documents” shall mean the 3.5% Exchangeable Senior Notes and the 3.5% Senior Note Indenture.

“8.875% Senior Note Indenture” shall mean the Indenture dated as of November 23, 2009, among the U.S. Borrower, the Subsidiaries party thereto and the trustee named therein from time to time, as in effect on the Restatement Effective Date and as amended, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

“8.875 % Senior Notes” shall have the meaning assigned to such term in the preamble to this Agreement.

“ABR Borrowing” shall mean a Borrowing comprised of ABR Loans.

“ABR Loan” shall mean any ABR Term Loan, ABR Revolving Loan or Swingline Dollar Loan.

“ABR Revolving Borrowing” shall mean a Borrowing comprised of ABR Revolving Loans.

“ABR Revolving Loan” shall mean any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

“ABR Term Loan” shall mean any Term Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

“Accepting Lender” shall have the meaning assigned to such term in Section 2.25(a).

“Additional Intercreditor Agreement” shall mean each intercreditor agreement entered into as contemplated by the terms hereof and substantially in the form of Exhibit H or on terms otherwise reasonably satisfactory to the Administrative Agent; provided that, if such intercreditor agreement relates to any Liens on any Collateral located in, or owned by a Loan Party organized under the laws of, a jurisdiction outside of the United States, then (i) the Administrative Agent may opt (in its sole discretion) to require such intercreditor agreement to be governed by applicable foreign law and (ii) the Administrative Agent shall be satisfied that such intercreditor agreement will provide rights and benefits for the Secured Parties and impose obligations and limitations on the “Second Priority Creditors” (as such term is defined in Exhibit H) (or the applicable equivalent) under the laws of such jurisdiction substantially equivalent to those rights, benefits, obligations and limitations provided for under New York law by the terms of Exhibit H.

“Additional Lender” shall have the meaning assigned to such term in Section 2.23.

“Additional Mortgage” shall have the meaning provided in Section 5.10(c).

“Adjusted LIBO Rate” shall mean, with respect to any Eurocurrency Borrowing (including any ABR Borrowing, the interest rate on which is determined pursuant to clause (c) of the definition of “Alternate Base Rate”) for any Interest Period, an interest rate per annum (except in connection with any computation pursuant to clause (c) of the definition of “Alternate Base Rate”, rounded upwards, if necessary, to the next 1/16 of 1%) equal to the product of (a) the LIBO Rate in effect for such Interest Period and (b) Statutory Reserves applicable to such Eurocurrency Borrowing, if any.

“Administrative Agent” shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

“Administrative Agent Fee Letter” shall have the meaning assigned to such term in Section 2.12(c).

“Administrative Agent Fees” shall have the meaning assigned to such term in Section 2.12(c).

“Administrative Questionnaire” shall mean an Administrative Questionnaire in the form of Exhibit B.

“Affiliate” shall mean, when used with respect to a specified person, another person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the person specified.

“Agents” shall mean the Administrative Agent and the Collateral Agent.

“Aggregate Revolving Credit Exposure” shall mean the aggregate amount of the Lenders’ Revolving Credit Exposures and the Ancillary Facility Exposures.

“Agreement” shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

“Agreement Currency” shall have the meaning assigned to such term in Section 9.17(b).

“Alternate Base Rate” shall mean, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus ¹/₂ of 1% and (c) the Adjusted LIBO Rate for a one-month Interest Period commencing on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate per annum (the “Reference LIBO Rate”) determined by the Administrative Agent at approximately 11:00 a.m., London time, on the Quotation Day for such rate by reference to the British Bankers’ Association Interest Settlement Rates (as reflected on the Reuters “LIBOR01” screen (or any successor or substitute screen provided by Reuters, or any successor to or substitute for such service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market)) for deposits in Dollars for a period equal to one-month; provided further that, to the extent that Reference LIBO Rate is not ascertainable pursuant to the foregoing provisions of this definition, the Adjusted LIBO Rate shall be based on the rate per annum that is the average (rounded upward, if necessary, to the next 1/100 of 1%) of the respective interest rates per annum at which deposits in Dollars are offered for a period equal to one-month to major banks in the London interbank market by JPMorgan Chase Bank, N.A., at approximately 11:00 a.m., London time, on the Quotation Day for such rate. If for any reason the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is

unable to ascertain the Federal Funds Effective Rate, including the failure of the Federal Reserve Bank of New York to publish rates or the inability of the Administrative Agent to obtain quotations in accordance with the terms thereof, the Alternate Base Rate shall be determined without regard to clause (b) of the preceding sentence until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate for a one-month Interest Period shall be effective on the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate for a one-month Interest Period, respectively.

“Ancillary Commitment” shall mean, with respect to any Ancillary Lender, the maximum amount that such Ancillary Lender has agreed to make available from time to time during the Availability Period under Ancillary Facilities created pursuant to Section 2.22 by such Ancillary Lender; provided that at no time shall (a) the sum of (i) the Ancillary Commitment of such Ancillary Lender and (ii) the Global Revolving Facility Credit Exposure of such Ancillary Lender exceed (b) the Global Revolving Facility Commitment of such Ancillary Lender. The amount of each Ancillary Lender’s Ancillary Commitment on the Restatement Effective Date is set forth on Schedule 2.22. No Ancillary Commitments are outstanding on the Restatement Effective Date.

“Ancillary Commitment Limit” shall mean $200,000,000; provided that the Ancillary Commitments with respect to the Ancillary Facilities in the jurisdictions set forth on Schedule 1.01(f) shall be limited to the amounts set forth opposite such jurisdictions on such Schedule.

“Ancillary Credit Extensions” shall mean Funded Ancillary Credit Extensions and Unfunded Ancillary Credit Extensions.

“Ancillary Facility” shall mean any facility or financial accommodation (including any revolving, overdraft, foreign exchange, guarantee, letter of credit, bonding, credit card or automated payments facility) made available to a Foreign Subsidiary Borrower by a Global Revolving Facility Lender pursuant to Section 2.22.

“Ancillary Facility Document” shall mean, with respect to any Ancillary Facility, the agreements between the applicable Foreign Subsidiary Borrower and the Ancillary Lender thereunder providing for such Ancillary Facility.

“Ancillary Facility Exposure” shall mean, at any time with respect to an Ancillary Facility made available by an Ancillary Lender, the sum of the Dollar Equivalents at such time of each of the following amounts (as calculated by such Ancillary Lender using the relevant Exchange Rate at such time):

(a) the aggregate principal amount under any overdraft, check drawing or other account facilities, determined on the same basis as that for determining any limit on such facilities imposed by the terms of such Ancillary Facility;

(b) the maximum potential liability (excluding amounts representing interest, fees and similar amounts) under all letters of credit, guarantees and bonds then outstanding under such Ancillary Facility;

(d) in the case of any other facility or financial accommodation, such other amount as fairly represents the aggregate exposure of such Ancillary Lender under such facility or financial accommodation, as reasonably determined by such Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodations of such type.

“Ancillary Facility Repayment Amount” shall have the meaning assigned to such term in Section 2.22(e)(ii).

“Ancillary Facility Termination Date” shall have the meaning assigned to such term in Section 2.22(e)(i).

“Ancillary Lender” shall mean, with respect to an Ancillary Facility, the Global Revolving Facility Lender that has made such Ancillary Facility available pursuant to Section 2.22.

“Ancillary Replacement Borrowing” shall mean a Global Revolving Facility Borrowing made by an Eligible Borrower upon the termination of an Ancillary Facility pursuant to clause (ii) of the first sentence of Section 2.22(e).

“Applicable Agent” shall mean (a) with respect to a Loan or Borrowing denominated in Dollars or with respect to any payment that does not relate to any Loan or Borrowing, the Administrative Agent and (b) with respect to a Loan or Borrowing denominated in a Foreign Currency, a Swingline Foreign Currency Borrowing or Swingline Foreign Currency Loan, the Administrative Agent or an Affiliate thereof designated pursuant to Section 8.07.

“Applicable Creditor” shall have the meaning assigned to such term in Section 9.17(b).

“Applicable Margin” shall mean, for any day, with respect to a Global Revolving Facility Loan or a U.S. Revolving Facility Loan or with respect to the Commitment Fees payable hereunder after the Restatement Effective Date, as the case may be, the applicable margin per annum set forth below under the caption “Revolving Loan ABR Spread”, “Revolving Loan Eurocurrency Spread” or “Commitment Fee Rate”, as applicable, based upon the corporate ratings of the U.S. Borrower as determined based upon the criteria set forth in Schedule 1.01(c).

Applicable Margins for Revolving Loans and Commitment Fee Rates


Corporate Rating	Revolving Loan ABR Spread			Revolving Loan Eurocurrency Spread			Commitment Fee Rate
Category 1		0.00	%		1.00	%		0.20	%
Category 2		0.25	%		1.25	%		0.25	%
Category 3		0.75	%		1.75	%		0.30	%
Category 4		1.00	%		2.00	%		0.40	%

“Applicant Party” shall mean, with respect to a Letter of Credit, (i) the Borrower that requested such Letter of Credit and (ii) in the case of Letters of Credit with respect to which the U.S. Borrower and a Subsidiary are co-applicants, collectively, the U.S. Borrower and such Subsidiary.

“Approved Fund” shall have the meaning assigned to such term in Section 9.04(b).

“Asset Disposition” shall mean any sale, transfer or other disposition by Holdings, the U.S. Borrower or any of the Subsidiaries to any person other than a Borrower or any Subsidiary Loan Party of any asset or group of related assets in one or a series of related transactions, the net cash proceeds from which exceed $100,000,000.

“Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an assignee, and accepted by the Administrative Agent and the U.S. Borrower, in the form of Exhibit A or such other form as shall be approved by the Administrative Agent.

“Automotive (LV) Corp.” shall mean Automotive (LV) Corp., a Delaware corporation.

“Availability Period” shall mean the period from and including the Closing Date to but excluding (a) in the case of each of Global Revolving Facility Loans, Ancillary Facilities and Swingline Foreign Currency Loans, the earlier of the Revolving Credit Maturity Date and the date of termination of the Global Revolving Facility Commitments and (b) in the case of U.S. Revolving Facility Loans, Swingline Dollar Loans and Letters of Credit, the earlier of the Revolving Credit Maturity Date and the date of termination of the U.S. Revolving Facility Commitments.

“Available Intercompany Investment Amount” shall mean, at any time with respect to any investment, loan or Guarantee, (a) 12% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date of such investment, loan or Guarantee for which financial statements have been delivered pursuant to Section 5.04, minus (b) the sum of (x) the aggregate amount of investments made prior to such time by the Borrowers and the Subsidiary Loan Parties in Subsidiaries that are not Loan Parties

pursuant to Section 6.04(a) (valued at the time of the making thereof without giving effect to any write-downs or write-offs thereof), (y) the aggregate amount of intercompany loans made prior to such time by the Borrowers and the Subsidiary Loan Parties in Subsidiaries that are not Loan Parties pursuant to Section 6.04(d) and (z) the aggregate amount of Guarantees provided prior to such time by the Borrowers and the Subsidiary Loan Parties in respect of obligations of Subsidiaries that are not Loan Parties pursuant to Section 6.04(l), plus (c) the sum of (x) the aggregate amount of returns of capital received by the Borrowers and the Subsidiary Loan Parties in cash prior to such time in respect of investments made by them in Subsidiaries that are not Loan Parties pursuant to Section 6.04(a) or Section 6.04(h), (y) the aggregate principal amount of intercompany loans made by the Borrowers and the Subsidiary Loan Parties in Subsidiaries that are not Loan Parties pursuant to Section 6.04(d) or Section 6.04(h) that have been repaid in cash or with assets prior to such time by Subsidiaries that are not Loan Parties to the Borrowers and the Subsidiary Loan Parties, provided that, with respect to the repayment of intercompany loans with assets pursuant to this clause (y), the aggregate principal amount of intercompany loans repaid for purposes of this clause (y) shall not exceed the fair market value of the assets of Subsidiaries that are not Loan Parties received by the Borrowers and the Subsidiary Loan Parties in respect of such repayments (as shall be specified in a certificate delivered by the chief financial officer of the U.S. Borrower to the Administrative Agent at the time of such repayment), and (z) the aggregate reduction prior to such time of Indebtedness of Subsidiaries that are not Loan Parties that had been Guaranteed by the Borrowers and the Subsidiary Loan Parties pursuant to Section 6.04(l) or Section 6.04(h) (other than any such reduction in Indebtedness funded by the Borrowers and the Subsidiary Loan Parties).

“Available Unused Commitment” shall mean, with respect to any Global Revolving Facility Lender at any time, an amount equal to the amount by which (a) the Global Revolving Facility Commitment of such Global Revolving Facility Lender at such time exceeds (b) the sum of (x) the Global Revolving Facility Credit Exposure of such Global Revolving Facility Lender at such time and (y) the Ancillary Commitment (if any) of such Global Revolving Facility Lender at such time. For purposes of calculating any Global Revolving Facility Lender’s Available Unused Commitment in connection with an Ancillary Replacement Borrowing, the amount of the Ancillary Commitment of such Global Revolving Facility Lender shall be reduced by the amount of the Ancillary Commitment being terminated.

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

“Board of Directors” shall mean, as to any person, the board of directors of such person (or, if such person is a partnership, the board of directors or other governing body of the general partner of such person) or any duly authorized committee thereof.

“Borrowers” shall mean the U.S. Borrower and the Foreign Subsidiary Borrowers.

“Borrowing” shall mean a group of Loans of a single Type under a single Facility and made on a single date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect.

“Borrowing Minimum” shall mean (a) in the case of an ABR Revolving Borrowing, $5,000,000, (b) in the case of a Eurocurrency Revolving Borrowing denominated in Dollars, $5,000,000, (c) in the case of a Global Revolving Facility Borrowing denominated in a Foreign Currency, the smallest amount of such Foreign Currency that is a multiple of 1,000,000 units of such Foreign Currency and has a Dollar Equivalent in excess of $5,000,000, (d) in the case of a Swingline Dollar Borrowing, $500,000 and (e) in the case of a Swingline Foreign Currency Borrowing, the smallest amount of such Foreign Currency that is a multiple of 500,000 units of such Foreign Currency and has a Dollar Equivalent in excess of $1,000,000.

“Borrowing Multiple” shall mean (a) in the case of a Revolving Borrowing denominated in Dollars, $1,000,000, (b) in the case of a Swingline Dollar Borrowing, $500,000 and (c) in the case of a Global Revolving Facility Borrowing denominated in a Foreign Currency or a Swingline Foreign Currency Borrowing, 100,000 units of such Foreign Currency.

“Borrowing Request” shall mean a request by a Borrower in accordance with the terms of Section 2.03 and substantially in the form of Exhibit C-1.

“Business Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that (a) when used in connection with a Eurocurrency Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in the applicable currency in the London interbank market and (b) when used in connection with a Loan denominated in Euros, the term “Business Day” shall also exclude any day on which the TARGET payment system is not open for the settlement of payments in Euro.

“Calculation Date” shall mean (a) the last Business Day of each calendar month, (b) each date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date of (i) a Borrowing Request or an Interest Election Request with respect to any Global Revolving Facility Loan denominated in a Foreign Currency, (ii) the issuance, amendment, renewal or extension of a Foreign Currency Letter of Credit or (iii) a request for a Swingline Foreign Currency Borrowing and (c) if an Event of Default has occurred and is continuing, any Business Day as determined by the Administrative Agent in its sole discretion.

“CAM” shall mean the mechanism for the allocation and exchange of interests in the Loans and extensions of credit under Ancillary Facilities, participations in Letters of Credit and collections thereunder established under Article XI.

“CAM Exchange” shall mean the exchange of the Lenders’ interests provided for in Section 11.01.

“CAM Exchange Date” shall mean the first date after the Closing Date on which there shall occur (a) any event described in paragraph (h) or (i) of Section 7.01 with respect to any Borrower or (b) an acceleration of Loans pursuant to Section 7.01.

“CAM Percentage” shall mean, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the sum of (i) the Dollar Equivalent, determined using the Exchange Rates calculated as of the CAM Exchange Date, of the aggregate Obligations in respect of Loans (other than Swingline Loans) owed to such Lender, (ii) the Revolving L/C Exposure, if any, of such Lender, (iii) the Swingline Exposure, if any, of such Lender, and (iv) the Ancillary Facility Exposure, if any, of such Lender, in each case immediately prior to the CAM Exchange Date, and (b) the denominator shall be the sum of (i) the Dollar Equivalent, determined using the Exchange Rates calculated as of the CAM Exchange Date, of the aggregate Obligations in respect of Loans (other than Swingline Loans) owed to all the Lenders, (ii) the aggregate Revolving L/C Exposure of all the Lenders, (iii) the Swingline Exposures of all Lenders and (iv) the Ancillary Facility Exposures of all Lenders, in each case immediately prior to the CAM Exchange Date; provided that, for purposes of clause (a) above, the Obligations owed to a Swingline Lender will be deemed not to include any Swingline Loans except to the extent provided in clause (a)(iii) above.

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

“Cash Interest Expense” shall mean, with respect to the U.S. Borrower and the Subsidiaries on a consolidated basis for any period, the sum of Interest Expense of the U.S. Borrower and the Subsidiaries for such period less the sum of (a) pay-in-kind Interest Expense, (b) to the extent included in Interest Expense (and without duplication), the amortization of any financing fees paid by, or on behalf of, the U.S. Borrower or any of the Subsidiaries, including such fees paid in connection with the Restatement Transactions (including any such fees paid by Holdings from the proceeds of distributions from the U.S. Borrower) and (c) the amortization of debt discounts, if any, or fees in respect of Swap Agreements.

A “Change in Control” shall be deemed to occur if:

(a) at any time, (i) Holdings shall fail to own directly, beneficially and of record, 100% of the issued and outstanding Equity Interests of the U.S. Borrower, (ii) [reserved], (iii) a majority of the seats (other than vacant seats) on the Board of Directors of Holdings shall at any time be occupied by persons who were neither (A) nominated by the Board of Directors of Holdings or a Permitted Holder nor (B) appointed by directors so nominated or (iv) a “Change in Control” shall occur under the New Senior Note Indentures; or

(b) any person or group (within the meaning of Rule 13d-5 of the Securities Exchange Act of 1934 as in effect on the Closing Date), other than the Permitted Holders or any combination of the Permitted Holders, shall own beneficially, directly or indirectly, in the aggregate Equity Interests representing at least 50% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of Holdings and the Permitted Holders own beneficially, directly or indirectly, a smaller percentage of such ordinary voting power at such time than the Equity Interests owned by such other person or group.

“Change in Law” shall mean (a) the adoption of any law, rule or regulation after the Closing Date, (b) any change in law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the Closing Date or (c) compliance by any Lender or Issuing Bank (or, for purposes of Section 2.15(b), by any lending office of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the Closing Date.

“Charges” shall have the meaning assigned to such term in Section 9.09.

“Class”, when used in reference to (a) any Loan or Borrowing, shall refer to whether such Loans, or the Loans comprising such Borrowing, are Global Revolving Loans, U.S. Dollar Revolving Loans or Incremental Term Loans, (b) any Commitment, shall refer to whether such Commitment is a Global Revolving Facility Commitment, a U.S. Revolving Facility Commitment or a Commitment in respect of Incremental Term Loans and (c) any Lender, shall refer to whether such Lender has a Loan or a Commitment with respect to a particular Class. Incremental Term Loans that have different terms and conditions (together with the Commitments in respect thereof) shall be construed to be in different Classes.

“Closing Date” shall mean February 28, 2003.

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

“Collateral” shall mean all the “Collateral” as defined in any Security Document and shall also include the Mortgaged Properties.

“Collateral Agent” shall have the meaning given such term in the introductory paragraph of this Agreement.

“Collateral and Guarantee Requirement” shall mean the requirement that:

(a) the Collateral Agent shall have received (i) from Holdings, the U.S. Borrower and each Domestic Subsidiary Loan Party, a counterpart of the U.S. Collateral Agreement duly executed and delivered on behalf of such person, (ii) from each Subsidiary listed on Schedule 1.01(d), a counterpart of a Foreign Pledge Agreement with respect to the amount of the Equity Interests of each

Foreign Subsidiary listed opposite such Subsidiary on such Schedule, duly executed and delivered on behalf of such party, (iii) except as set forth on Schedule 1.01(g), from each Foreign Subsidiary Loan Party a counterpart of a Foreign Security Agreement and a Foreign Mortgage, duly executed and delivered on behalf of such Foreign Subsidiary, (iv) except as set forth on Schedule 1.01(g), from each Foreign Subsidiary Loan Party a counterpart of the Foreign Guarantee, duly executed and delivered on behalf of each such person, (v) from Xxxxx, a counterpart of the Xxxxx Guarantee and Foreign Pledge Agreements, with respect to its interest in certain of the Foreign Acquiror Notes, in each case, duly executed and delivered on behalf of Xxxxx and (vi) from the U.S. Borrower and each Domestic Subsidiary Loan Party thereto a counterpart of the First-Tier Subsidiary Pledge Agreement, duly executed and delivered on behalf of each such person;

(b) in the case of any person that becomes a Domestic Subsidiary Loan Party after the Closing Date, the Collateral Agent shall have received from such subsidiary (i) a supplement to the U.S. Collateral Agreement, in the form specified therein, duly executed and delivered on behalf of such Domestic Subsidiary Loan Party, (ii) if such Subsidiary owns Equity Interests of a Foreign Subsidiary that, as a result the law of the jurisdiction or organization of such Foreign Subsidiary, cannot be pledged to the Collateral Agent under the U.S. Collateral Agreement, a counterpart of a Foreign Pledge Agreement with respect to such Equity Interests (provided that in no event shall more than 65% of the issued and outstanding voting Equity Interests of any Foreign Subsidiary, other than Xxxxx, be pledged to secure Obligations of the U.S. Borrower), duly executed and delivered on behalf of such Subsidiary, (iii) a supplement to the First-Tier Subsidiary Pledge Agreement or a Foreign Pledge Agreement, as applicable, with respect to the portion that is not being pledged pursuant to clause (ii) above of the Equity Interests of a Foreign Subsidiary owned by it, duly executed and delivered on behalf of such Subsidiary and (iv) in the case of any person that becomes a Domestic Subsidiary Loan Party after the Restatement Effective Date, a supplement to the Parallel Debt Agreement, in the form specified therein, duly executed and delivered on behalf of such Domestic Subsidiary Loan Party;

(c) in the case of any person that becomes a Foreign Subsidiary Loan Party after the Closing Date, the Collateral Agent shall have received (i) from such person (x) subject to clause (iii) of Section 5.10(f), a counterpart of a Foreign Security Agreement and (if applicable) a Foreign Mortgage, duly executed and delivered on behalf of such person and (y) a supplement to the Foreign Guarantee, in the form specified therein, duly executed and delivered on behalf of such person, (ii) from the parent of such Foreign Subsidiary, a counterpart of a Foreign Pledge Agreement duly executed and delivered on behalf of such parent and (iii) in the case of any person that becomes a Foreign Subsidiary Loan Party after the Restatement Effective Date, a supplement to the Parallel Debt Agreement, in the form specified therein, duly executed and delivered on behalf of such person;

(d) all the issued and outstanding Equity Interests (i) of (A) the U.S. Borrower, (B) each Domestic Subsidiary Loan Party, (C) each Foreign Subsidiary Loan Party and (D) each Wholly Owned Subsidiary directly owned by or on behalf of (1) the U.S. Borrower, (2) a Subsidiary listed on Schedule 1.01(e), (3) any Domestic Subsidiary Loan Party or (4) subject to clause (iii) of Section 5.10(f), any person that becomes a Foreign Subsidiary Loan Party after the Closing Date, (ii) of any other person owned on the Closing Date directly by or on behalf by any Loan Party, subject to Section 5.10(h) and except to the extent that a pledge of such Equity Interests would violate applicable law or a contractual obligation binding upon such Equity Interests as of the Closing Date and for so long as such restriction exists and (iii) subject to Section 5.10(h), that are acquired by a Loan Party after the Closing Date, shall have been pledged pursuant to the U.S. Collateral Agreement or a Foreign Pledge Agreement, as applicable (provided that in no event shall more than 65% of the issued and outstanding voting Equity Interests of any Foreign Subsidiary, other than Xxxxx, be pledged to secure Obligations of the U.S. Borrower), and the Collateral Agent shall have received all certificates or other instruments (if any) representing such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in blank;

(e) all Indebtedness of Holdings, the U.S. Borrower and each Subsidiary having an aggregate principal amount that has a Dollar Equivalent in excess of $10,000,000 (other than intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations of the U.S. Borrower and the Subsidiaries) that is owing to any Loan Party shall be evidenced by a promissory note or an instrument and shall have been pledged pursuant to the U.S. Collateral Agreement or a Foreign Pledge Agreement, as applicable, and the Collateral Agent shall have received all such promissory notes or instruments, together with note powers or other instruments of transfer with respect thereto endorsed in blank;

(f) all documents and instruments, including Uniform Commercial Code financing statements, required by law or reasonably requested by the Collateral Agent to be filed, registered or recorded to create the Liens intended to be created by the Security Documents (in each case, including any supplements thereto) and perfect such Liens to the extent required by, and with the priority required by, the Security Documents, shall have been filed, registered or recorded or delivered to the Collateral Agent for filing, registration or the recording concurrently with, or promptly following, the execution and delivery of each such Security Document;

(g) the Collateral Agent shall have received (i) counterparts of each Mortgage with respect to each Mortgaged Property duly executed and delivered by the record owner of such Mortgaged Property, (ii) a policy or policies of title insurance, paid for by the U.S. Borrower, issued by a nationally recognized title insurance company insuring the Lien of each U.S. Mortgage specified on Schedule 3.18 as a valid first Lien on the Mortgaged Property described therein, free of any other Liens except as permitted by Section 6.02 and Liens arising by

operation of law, together with such endorsements, coinsurance and reinsurance as the Collateral Agent may reasonably request, and (iii) such legal opinions and other documents as the Collateral Agent may reasonably request with respect to any such Mortgage or Mortgaged Property; and

(h) each Loan Party shall have obtained (i) all consents and approvals required to be obtained by it in connection with (A) the execution and delivery of all Security Documents (or supplements thereto) to which it is a party and the granting by it of the Liens thereunder, (B) in the case of each Domestic Subsidiary Loan Party, the performance of its obligations thereunder and (C) in the case of each Foreign Subsidiary Loan Party, the performance of its obligations under the Foreign Guarantee and (ii) in the case of a Foreign Subsidiary Loan Party, all material consents and approvals required to be obtained by it in connection with the performance by it of its obligations under the Security Documents (other than the Foreign Guarantee).

“Collateral Release Period” shall mean any period during which the U.S. Borrower has at least one Investment Grade Rating (determined without regard to any form of credit enhancement), provided that each such Collateral Release Period shall commence upon written notice by the U.S. Borrower to the Administrative Agent and shall terminate, if requested by the Required Lenders, on the first date following the commencement of such Collateral Release Period on which the U.S. Borrower has no Investment Grade Ratings (determined without regard to any form of credit enhancement).

“Commitment Fee” shall have the meaning assigned to such term in Section 2.12(a).

“Commitments” shall mean, (a) with respect to any Lender, such Lender’s Global Revolving Facility Commitment, U.S. Revolving Facility Commitment, or any commitment in respect of any Incremental Extension of Credit, and (b) with respect to any Swingline Lender, its Swingline Dollar Commitment or Swingline Foreign Currency Commitment, as applicable.

“Consolidated Net Income” shall mean, with respect to any person for any period, the aggregate of the Net Income of such person and its subsidiaries for such period, on a consolidated basis; provided, however, that (i) any net after-tax extraordinary gains or losses (less all fees and expenses relating thereto) shall be excluded, (ii) any net after-tax gains or losses on disposal of discontinued operations shall be excluded, (iii) any net after-tax gains or losses (less all fees and expenses relating thereto) attributable to asset dispositions other than in the ordinary course of business (as determined in good faith by the U.S. Borrower) shall be excluded, (iv) the Net Income for such period of any person that is not a subsidiary of such person, or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into cash) to the referent person or a subsidiary thereof in respect of such period, (v) the Net Income for such period of any subsidiary of such person shall be excluded to the extent that the

declaration or payment of dividends or similar distributions by such subsidiary of its Net Income is not at the date of determination permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to that subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or in similar distributions has been legally waived, (vi) in the case of the U.S. Borrower, Consolidated Net Income for such period shall be decreased by the amount of all payments made during such period pursuant to Sections 6.06(b) and used by Holdings to make payments that reduce the Consolidated Net Income of Holdings for such period, (vii) Consolidated Net Income for such period shall not include the cumulative effect of a change in accounting principles during such period and (viii) Consolidated Net Income for such period shall be (x) increased by the amount of the net after-tax premium paid in respect of debt repurchases or redemptions during such period and (y) decreased by any net after-tax gains in respect of debt repurchases or redemptions during such period.

“Consolidated Total Assets” shall mean, as of any date, the total assets of the U.S. Borrower and the consolidated Subsidiaries, determined in accordance with GAAP, as set forth on the consolidated balance sheet of the U.S. Borrower as of such date.

“Consolidated Total Debt” at any date shall mean the sum of (without duplication), (a) all Indebtedness consisting of Capital Lease Obligations, Indebtedness for borrowed money and Indebtedness in respect of the deferred purchase price of property or services of the U.S. Borrower and the Subsidiaries determined on a consolidated basis on such date plus (b) without duplication, the aggregate principal amount of any financing of, or Net Investment in, accounts receivable that constitutes a Permitted Receivables Financing; provided that, for the avoidance of doubt, notwithstanding any modification in GAAP that would require that obligations in respect of operating leases be accounted for as Indebtedness, such obligations in respect of operating leases shall continue to be excluded from the calculation of Consolidated Total Debt pursuant to this paragraph.

“Consolidated Total Net Debt” at any time shall mean (a) Consolidated Total Debt minus (b) Unrestricted Cash in excess of $100,000,000; provided that no more than $750,000,000 of Unrestricted Cash may be deducted in calculating Consolidated Total Net Debt at any time minus (c) solely for purposes of calculating the Leverage Ratio for purposes of Section 6.12, an amount equal to the sum of (i) the aggregate amount (which amount shall not exceed the aggregate principal amount of New Senior Notes and 3.5% Exchangeable Senior Notes then outstanding less the aggregate principal amount of New Senior Notes and 3.5% Exchangeable Senior Notes that have been legally defeased pursuant to the terms of the New Senior Note Indentures and the 3.5% Exchangeable Senior Note Indenture) of cash that, as of such time, has been on deposit in a Special Escrow Account for a period of at least 91 days and (ii) the aggregate principal amount of the New Senior Notes and 3.5% Exchangeable Senior Notes that have been legally defeased pursuant to the terms of the New Senior Note Indentures and the 3.5% Exchangeable Senior Note Indenture.

“Control” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a person, whether through the ownership of voting securities, by contract or otherwise, and “Controlling” and “Controlled” shall have meanings correlative thereto.

“Credit Event” shall have the meaning assigned to such term in Section 4.02.

“Cumulative Net Income Amount” shall mean, at any time, an amount equal to (a) the product of (i) Consolidated Net Income of the U.S. Borrower for the period (taken as one accounting period) commencing on July 4, 2009 to the end of the most recently completed fiscal quarter for which financial statements are delivered pursuant to Section 5.04 and (ii) 0.50, minus (b) the aggregate amount that has been utilized, or committed to be utilized, prior to such time to purchase or redeem, or pay dividends or make other distributions in respect of, Equity Interests of Holdings pursuant to Section 6.06(e)(i)(B), minus (c) the aggregate amount that has been utilized, or committed to be utilized, prior to such time to purchase, redeem, retire or otherwise acquire New Senior Notes, Permitted Junior Debt or Permitted Notes Refinancing Indebtedness pursuant to clause (E)(i)(y) of Section 6.09(b)(i).

“Cure Amount” shall have the meaning provided in Section 7.03.

“Cure Right” shall have the meaning provided in Section 7.03.

“Currency” shall mean Dollars, Euros and Sterling and, at any time at which such currencies constitute Foreign Currencies, Canadian dollars and Yen.

“Current Assets” shall mean, with respect to the U.S. Borrower and the Subsidiaries on a consolidated basis at any date of determination, the sum of (a) all assets (other than cash and Permitted Investments) that would, in accordance with GAAP, be classified on a consolidated balance sheet of the U.S. Borrower and the Subsidiaries as current assets at such date of determination, other than amounts related to current or deferred Taxes based on income or profits (including the Michigan Single Business Tax and similar Taxes) and (b) in the event that the Permitted Receivables Financing is accounted for off-balance sheet, (x) gross accounts receivable sold by the U.S. Borrower or any Subsidiary pursuant to a Permitted Receivables Financing less (y) collections against the amounts sold pursuant to clause (x).

“Current Liabilities” shall mean, with respect to the U.S. Borrower and the Subsidiaries on a consolidated basis at any date of determination, all liabilities that would, in accordance with GAAP, be classified on a consolidated balance sheet of the U.S. Borrower and the Subsidiaries as current liabilities at such date of determination, other than (a) the current portion of any debt or Capital Lease Obligations, (b) accruals of Interest Expense (excluding Interest Expense that is due and unpaid), (c) accruals for current or deferred Taxes based on income or profits (including the Michigan Single Business Tax and similar Taxes), (d) accruals, if any, of transaction costs resulting from the Transactions, (e) accruals of any costs or expenses related to (i) severance or termination of employees prior to the Closing Date or (ii) bonuses, pension and other

post-retirement benefit obligations, (f) the current portion of the obligations of the U.S. Borrower and the Subsidiaries under the Trust Agreement between Xxxxx and Fidelity Management Trust dated as of October 1, 1995, with respect to the Varity Automotive Inc. Deferred Compensation Plan and the Varity Automotive Inc. Deferred Compensation Trust Agreement dated as of November 1, 1997, with respect to the Varity Automotive Supplemental Compensation and Deferred Compensation Plan and (g) accruals for add-backs to EBITDA included in clauses (a)(v) through (a)(ix) of paragraph (B) of the definition of such term.

“Debtor Relief Laws” shall mean Title 11 of the United States Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect.

“Debt Service” shall mean, with respect to the U.S. Borrower and the Subsidiaries on a consolidated basis for any period, Cash Interest Expense for such period plus scheduled principal amortization of Consolidated Total Debt for such period (whether or not such payments are made).

“Default” shall mean any event or condition that upon notice, lapse of time or both would constitute an Event of Default.

“Defaulting Global Revolving Facility Lender” shall mean any Global Revolving Facility Lender that is a Defaulting Lender.

“Defaulting Lender” means, subject to Section 2.24(c), any Lender or Ancillary Lender that (a) has failed to (i) fund all or any portion of its Loans (or all or any portion of its Ancillary Credit Extensions under the applicable Ancillary Facility) within two Business Days of the date such Loans (or Funded Ancillary Credit Extensions) were required to be funded hereunder (or under the applicable Ancillary Facility Document) unless such Lender notifies the Administrative Agent and the U.S. Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Bank, any Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two Business Days of the date when due, (b) has notified the U.S. Borrower, the Administrative Agent or any Issuing Bank or Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the U.S. Borrower, to confirm in writing to the Administrative Agent and the

U.S. Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the U.S. Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.24(c)) upon delivery of written notice of such determination to the U.S. Borrower, each Issuing Bank, each Swingline Lender and each Lender.

“Defaulting U.S. Revolving Facility Lender” shall mean any U.S. Revolving Facility Lender that is a Defaulting Lender.

“Designated Non-Cash Consideration” shall mean all non-cash consideration received by the U.S. Borrower or any Subsidiary in respect of any sale, transfer or other disposition of assets pursuant to Section 6.05(h) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer, which certificate shall set forth the fair market value of such Designated Non-Cash Consideration and the basis of such valuation.

“Dollars” or “$” shall mean lawful money of the United States of America.

“Dollar Equivalent” shall mean, on any date of determination (a) with respect to any amount in Dollars, such amount, and (b) with respect to any amount in any Foreign Currency, the equivalent in Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.03(b) using the Exchange Rate with respect to such Foreign Currency at the time in effect under the provisions of such Section.

“Domestic Subsidiary Loan Party” shall mean each Wholly Owned Subsidiary that is not (a) a Foreign Subsidiary, (b) the Receivables Subsidiary, (c) the Transferor or (d) listed on Schedule 1.01(h).

“Early Maturity Test Date Condition” shall mean, as of the First Early Maturity Test Date or the Second Early Maturity Test Date, that either (a) (i) in the case of the First Early Maturity Test Date, the U.S. Borrower’s 7-1/4% Senior Notes due 2017

(the “7-1/4% Senior Notes”) and (ii) in the case of the Second Early Maturity Test Date, the 8.875% Senior Notes, in each case, other than an aggregate principal amount thereof not in excess of $100,000,000, shall have been paid and retired or refinanced in full as of such date with Permitted Notes Refinancing Indebtedness maturing later than the Latest Maturity Date on the date of such refinancing or (b) the aggregate amount of Revolving Credit Commitments as of such date (less the sum of (i) the total Revolving Credit Exposure as of such date and (ii) the total Ancillary Commitments as of such date) plus the total amount of Unrestricted Cash as of such date shall be equal to or greater than the sum of (A) the aggregate amount of cash necessary to redeem in full such 7-1/4% Senior Notes or 8.875% Senior Notes, as applicable, outstanding as of such date (together with accrued but unpaid interest thereon and any premiums and other amounts payable in connection with such redemption) and (B) $500,000,000.

“EBITDA” shall mean, with respect to the U.S. Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the U.S. Borrower and the Subsidiaries for such period:

plus (a) the sum of (in each case without duplication and to the extent the respective amounts described in subclauses (i) through (x) of this clause (a) reduced such Consolidated Net Income for the respective period for which EBITDA is being determined) (i) provision for Taxes based on income or profits of the U.S. Borrower and the Subsidiaries (including the Michigan Single Business Tax and similar Taxes) for such period and provision for Taxes based on income or profits of Holdings during such period to the extent paid using the proceeds of dividends made by the U.S. Borrower in accordance with Section 6.06(b), (ii) Interest Expense of the U.S. Borrower and the Subsidiaries for such period, (iii) depreciation and amortization expense of the U.S. Borrower and the Subsidiaries for such period, (iv) any fees, expenses or charges related to any equity offering, any investment or acquisition permitted hereunder or occurring prior to the Closing Date, any recapitalization permitted hereunder or any Indebtedness permitted to be incurred hereunder (whether or not successful) and fees, expenses, charges or change of control payments related to the Transactions (including fees to the Fund and Fund Affiliates) or the acquisition by Northrop Grumman Corporation of TRW Inc., (v) the amount of any cash restructuring or other nonrecurring charges incurred not in excess of $100,000,000 in any fiscal year, (vi) any other noncash charges, including increases in costs of sales resulting from purchase accounting in relation to the Transactions or any acquisition (but excluding any such charge which requires an accrual of a cash reserve for anticipated cash charges for any future period and any noncash expense relating to defined benefits pension or post-retirement benefit plans), (vii) the amount of any minority interest expense, (viii) noncash exchange, translation or performance losses relating to any foreign currency hedging transactions or currency fluctuations, (ix) the amount of management, consulting, monitoring and advisory fees paid to the Fund and/or Fund Affiliates (or any accruals related to such fees) during such period not to exceed $7,500,000 during any four quarter period and (x) without duplication of any amounts added back pursuant to this clause (x) in the calculation of EBITDA, the amount of any

cash payments made or cash accruals created during such period in respect of the settlement of the Antitrust Investigations (as defined in Holdings’ annual report on Form 10-K for the period ending December 31, 2011) (provided that, for purposes of subclauses (vi) and (viii) of this clause (a), any noncash charges or losses shall be treated as cash charges or losses in any subsequent period during which cash disbursements attributable thereto are made),

minus (b) the sum of (in each case without duplication and to the extent the respective amounts described in subclauses (i) through (iii) of this clause (b) increased such Consolidated Net Income for the respective period for which EBITDA is being determined) (i) the amount of any minority interest income, (ii) noncash exchange, translation or performance gains relating to any foreign currency hedging transactions or currency fluctuations and (iii) noncash items increasing Consolidated Net Income of the U.S. Borrower and the Subsidiaries for such period (but excluding any such items (A) in respect of which cash was received in a prior period or will be received in a future period, (B) which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period or (C) which constitute noncash gains or income relating to defined benefits pension or post-retirement benefit plans).

“Eligible Borrower” shall mean the U.S. Borrower or any Foreign Subsidiary Borrower that has been designated under Section 2.20 to make Borrowings under the Global Revolving Facility.

“EMU Legislation” shall mean the legislative measures of the European Union for the introduction of, changeover to or operation of the Euro in one or more member states of the European Union.

“environment” shall mean ambient air, surface water and groundwater (including potable water, navigable water and wetlands), the land surface or subsurface strata, the workplace or as otherwise defined in any Environmental Law.

“Environmental Laws” shall mean all applicable laws (including common law), rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of, or exposure to, any Hazardous Material or to health and safety matters (to the extent relating to the environment or Hazardous Materials).

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

“Equity Interests” of any person shall mean any and all shares, interests, rights to purchase, warrants, options, participation or other equivalents of or interests in (however designated) equity of such person, including any preferred stock, any limited or general partnership interest and any limited liability company membership interest.

“Equity Offering” shall mean any public or private sale of common stock of Holdings, other than public offerings with respect to the common stock of Holdings registered on Form S-8 under the Securities Act (or any successor form thereto).

“Equity Offering Net Proceeds” shall mean the cash proceeds from any Equity Offering, net of all fees (including investment banking fees), discounts, commissions, costs and other expenses, in each case incurred in connection with such Equity Offering. In connection with the calculation of the Equity Offering Net Proceeds with respect to any Equity Offering, all fees, discounts, commissions, costs and expenses shall be allocated among the shares sold in such Equity Offering on a pro rata basis.

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended from time to time.

“ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together with Holdings, Intermediate Holdings, the U.S. Borrower or a Subsidiary is treated as a single employer under Section 414(b) or (c) of the Code, or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

“ERISA Event” shall mean (a) any Reportable Event; (b) a failure by any Plan or Multiemployer Plan to satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(dc) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by Holdings, Intermediate Holdings, the U.S. Borrower, a Subsidiary or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan or Multiemployer Plan; (e) the receipt by Holdings, Intermediate Holdings, the U.S. Borrower, a Subsidiary or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or to appoint a trustee to administer any Plan under Section 4042 of ERISA; (f) the incurrence by Holdings, Intermediate Holdings, the U.S. Borrower, a Subsidiary or any ERISA Affiliate of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; (g) the receipt by Holdings, Intermediate Holdings, the U.S. Borrower, a Subsidiary or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from Holdings, Intermediate Holdings, the U.S. Borrower, a Subsidiary or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA or that it is in endangered or critical status, within the meaning of Section 305 of ERISA; or (h) a determination that any Plan is, or is expected to be, in “at-risk” status (as defined in Section 303(i)(4)(A) of ERISA or Section 430(i)(4)(A) of the Code).

“Euro” or “€” shall mean the single currency of the European Union as constituted by the treaty establishing the European Community being the Treaty of Rome, as amended from time to time and as referred to in the EMU Legislation.

“Euro Equivalent” shall mean, on any date of determination, (a) with respect to any amount in Euros, such amount and (b) with respect to any amount in Dollars or any Foreign Currency other than Euros, the equivalent in Euros of such amount or determined by the Administrative Agent pursuant to Section 1.03(b) using the Exchange Rate with respect to such currency of the time in effect under the provisions of such Section.

“Eurocurrency Borrowing” shall mean a Borrowing comprised of Eurocurrency Loans.

“Eurocurrency Loan” shall mean any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

“Eurocurrency Revolving Borrowing” shall mean a Borrowing comprised of Eurocurrency Revolving Loans.

“Eurocurrency Revolving Loan” shall mean any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

“Eurocurrency Term Loan” shall mean any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

“Event of Default” shall have the meaning given such term in Section 7.01.

“Exchange Rate” shall mean on any day, for purposes of determining the Dollar Equivalent or Euro Equivalent of any other currency, the rate at which such other currency may be exchanged into Dollars, Sterling or Euros (as applicable), as set forth at approximately 11:00 a.m., London time, on such day on the Reuters World Currency Page for such currency. In the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the U.S. Borrower, or, in the absence of such an agreement, such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then being conducted, at or about 10:00 a.m., Local Time, on such date for the purchase of Dollars, Sterling or Euros (as applicable) for delivery two Business Days later; provided that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error.

“Excluded Taxes” shall mean, with respect to the Agents, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of a Borrower hereunder, (a) income or franchise Taxes imposed on (or measured by) its net income by the United States of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, (b) any branch profits Taxes imposed by the United States of America or any similar Tax imposed by any other jurisdiction described in clause (a) above, (c) in the case of a Lender (other than an assignee pursuant to a request by a Borrower under Section 2.19(b)), any withholding Tax (other than a withholding Tax levied upon any amounts payable to such Lender in respect of any interest in any Loan or Ancillary Credit Extension acquired by such Lender pursuant to Section 11.01) that is in effect and would apply to amounts payable hereunder to such Lender at the time such Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Lender’s failure to comply with Section 2.17(e), except to the extent that such Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from a Borrower with respect to any withholding tax pursuant to Section 2.17(a) and (d) any U.S. Federal witholding Taxes imposed under FATCA.

“Exempted Intercompany Investment” shall mean (a)(i) any investment or series of related investments (valued at the time of the making thereof) by any Borrower or Subsidiary Loan Party in any Subsidiary that is not a Loan Party, (ii) any intercompany loan or series of related intercompany loans by any Borrower or Subsidiary Loan Party to any Subsidiary that is not a Loan Party or (iii) any Guarantee or series of related Guarantees provided by any Borrower or Subsidiary Loan Party of Indebtedness of any Subsidiary that is not a Loan Party, in each case in an amount not in excess of $25,000,000, (b) any keep-well or similar contingent arrangement provided to Automotive Holdings (France), S.A.S. by a Loan Party (provided that amounts paid in respect of any such keep-well or similar arrangement shall not constitute an Exempted Intercompany Investment) and (c) so long as TRW Auto 3 B.V. and Xxxxx International Holdings B.V. become Foreign Subsidiary Loan Parties prior to or within 30 days (which 30-day period may be extended by the Administrative Agent in its sole discretion) following any such transfer, the transfer of TRW Automotive Holdings (France) S.A.S., Automotive Holdings (Poland) sp.Zo.o. and Automotive Holdings (Czech Republic) s.r.o and their respective subsidiaries to TRW Auto 3 B.V. and Xxxxx International Holdings B.V.

“Existing Ancillary Facility” shall mean an Ancillary Facility (as defined in the Existing Credit Agreement).

“Existing Credit Agreement” shall have the meaning assigned to such term in the preamble to this Agreement.

“Extension Agreement” shall have the meaning assigned to such term in Section 2.25(b).

“Extension Offer” shall have the meaning assigned to such term in Section 2.25(a).

“Extension Permitted Amendment” shall mean an amendment to this Agreement and the other Loan Documents, effected in connection with an Extension Offer pursuant to Section 2.25, providing for an extension of the Revolving Credit Maturity Date applicable to the Accepting Lenders’ Loans and/or Commitments of the applicable Extension Request Class (such Loans or Commitments being referred to as the “Extended Loans” or “Extended Commitments”, as applicable) and, in connection therewith, (a) an increase or decrease in the rate of interest (including through fixed interest rates and changes to the interest rate margins or rate floors) accruing on such Extended Loans, (b) in the case of Extended Loans that are Term Loans of any Class, a modification of the scheduled amortization applicable thereto; provided that the weighted average life to maturity of such Extended Loans shall be no shorter than the remaining weighted average life to maturity (determined at the time of such Extension Offer) of the Term Loans of such Class, (c) a modification of voluntary or mandatory prepayments applicable thereto; provided that in the case of Extended Loans that are Term Loans, such requirements may provide that such Extended Loans may participate in any mandatory prepayments on a pro rata basis (or on a basis that is less than a pro rata basis) with the Loans of the applicable Extension Request Class, but may not provide for prepayment requirements that are more favorable to the Extended Loans than those applicable to the Loans of the applicable Extension Request Class, (d) an increase or decrease in the fees payable to, or the inclusion of new fees or premiums to be payable to, the Extending Lenders in respect of such Extension Offer or their Extended Loans or Extended Commitments and/or (e) an addition of any affirmative or negative covenants, provided that any such additional covenant with which Holdings, the Borrowers and the Subsidiaries shall be required to comply prior to the Latest Maturity Date in effect immediately prior to such Extension Permitted Amendment for the benefit of the Extending Lenders providing such Extended Loans or Extended Commitments shall also be for the benefit of all other Lenders.

“Facility” shall mean the respective facility and commitments utilized in making Loans and credit extensions hereunder, it being understood that as of the Restatement Effective Date, there are two Facilities, i.e., the Global Revolving Facility and the U.S. Revolving Facility.

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b) of the Code.

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

“Fees” shall mean the Commitment Fees, the L/C Participation Fees, the Issuing Bank Fees and the Administrative Agent Fees.

“Financial Officer” of any person shall mean the Chief Financial Officer, principal accounting officer, Treasurer, Assistant Treasurer or Controller of such person.

“Financial Performance Covenants” shall mean the covenants of the U.S. Borrower set forth in Sections 6.11 and 6.12.

“Xxxxx” shall mean TRW Automotive Finance (Luxembourg) S.À X.X., a company organized under the laws of Luxembourg and a Wholly Owned Subsidiary.

“Xxxxx Guarantee” shall mean the Amended and Restated Xxxxx Guarantee Agreement, in the form of Exhibit G, between Xxxxx and the Collateral Agent, as amended, supplemented or otherwise modified from time to time.

“Xxxxx Loan” shall mean the loan from the U.S. Borrower to Xxxxx on the Closing Date in an aggregate principal amount equal to approximately $681,501,000 out of the proceeds of Loans made to the U.S. Borrower on the Closing Date, which loan has been evidenced by a note and pledged pursuant to the Collateral and Guarantee Requirement.

“First Early Maturity Test Date” shall mean the last fiscal day of October, 2016.

“First Lien Intercreditor Agreement” shall mean the First Lien Intercreditor Agreement substantially in the form of Exhibit I, with modifications thereto as the Administrative Agent may reasonably agree; provided that, if such intercreditor agreement relates to any Liens on any Collateral located in, or owned by a Loan Party organized under the laws of, a jurisdiction outside of the United States, then (i) the Administrative Agent may opt (in its sole discretion) to require such intercreditor agreement to be governed by applicable foreign law and (ii) the Administrative Agent shall be satisfied that such intercreditor agreement will provide rights and benefits for the Secured Parties and impose obligations and limitations on the “First Priority Creditors” (as such term is defined in Exhibit I) (or the applicable equivalent) under the laws of such jurisdiction substantially equivalent to those rights, benefits, obligations and limitations provided for under New York law by the terms of Exhibit I.

“First-Tier Subsidiary Pledge Agreement” shall mean the Amended and Restated First-Tier Subsidiary Pledge Agreement among the Subsidiaries party thereto and the Collateral Agent.

“Foreign Acquiror Equity Contributions” shall mean direct or indirect equity contributions from the U.S. Borrower to each Foreign Acquiror on the Closing Date in the respective amount set forth on Schedule 1.01(b) in exchange for all the issued and outstanding Equity Interests of such Foreign Acquiror.

“Foreign Acquiror Loans” shall mean loans from Xxxxx to the Foreign Acquirors on the Closing Date in the respective principal amounts set forth on Schedule 1.01(b) out of the proceeds of the Xxxxx Loan, which loans are evidenced by notes or other instruments reasonably satisfactory to the Collateral Agent.

“Foreign Currency” shall mean (a) with respect to an Ancillary Facility, any currency reasonably acceptable to the Administrative Agent that is freely available, freely transferable and freely convertible into Dollars and (b) otherwise, Euros, Sterling and, to the extent all Global Revolving Facility Lenders then agree to make Loans in such currencies, Canadian dollars and Yen.

“Foreign Currency Letter of Credit” shall mean a Letter of Credit denominated in a Foreign Currency.

“Foreign Guarantee” shall mean the Amended and Restated Foreign Guarantee Agreement, in the form of Exhibit F, among the Foreign Subsidiary Loan Parties and the Collateral Agent, as amended, supplemented or otherwise modified from time to time.

“Foreign Lender” shall mean any Lender that is organized under the laws of a jurisdiction other than that in which the U.S. Borrower is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

“Foreign Mortgages” shall mean the mortgages, deeds of trust, charges, assignments of leases and rents and other security documents delivered on or prior to the Restatement Effective Date with respect to Mortgaged Properties located outside the United States of America or pursuant to Section 5.10, each in form and substance reasonably satisfactory to the Collateral Agent.

“Foreign Perfection Certificate” shall mean a certificate with respect to a Foreign Subsidiary Loan Party in the form approved by the Collateral Agent.

“Foreign Pledge Agreement” shall mean (a) each pledge agreement listed on Schedule 1.01(d) and (b) each other pledge agreement with respect to the Pledged Collateral delivered pursuant to Section 5.10 with respect to a Foreign Subsidiary Loan Party or Foreign Subsidiary, in form and substance reasonably satisfactory to the Collateral Agent, in each case, as amended, supplemented or otherwise modified from time to time.

“Foreign Security Agreement” shall mean one or more security agreements, charges, mortgages or pledges with respect to the Collateral (other than Pledged Collateral or Collateral that is subject to a Foreign Mortgage) of a Foreign Subsidiary Loan Party, each in form and substance reasonably satisfactory to the Collateral Agent, as amended, supplemented or otherwise modified from time to time.

“Foreign Subsidiary” shall mean any Subsidiary that is incorporated or organized under the laws of any jurisdiction other than the United States of America, any State thereof or the District of Columbia.

“Foreign Subsidiary Borrower” shall mean, at any time, each Foreign Subsidiary that (a) has entered into a Restatement Effective Date Foreign Subsidiary Borrower Agreement or (b) has been designated as a Foreign Subsidiary Borrower by the U.S. Borrower pursuant to Section 2.20, other than a Foreign Subsidiary Borrower that has ceased to be a Foreign Subsidiary Borrower as provided in Section 2.20; provided, that until such time as such Foreign Subsidiary has become a Foreign Subsidiary Loan Party and has satisfied the requirements described in Section 5.10(f), such Foreign Subsidiary shall be permitted to be a Foreign Subsidiary Borrower solely for purposes of obtaining an Unsecured Ancillary Facility and shall not be permitted to make any other Borrowings hereunder.

“Foreign Subsidiary Borrower Agreement” shall mean a Foreign Subsidiary Borrower Agreement substantially in the form of Exhibit K-1.

“Foreign Subsidiary Borrower Termination” shall mean a Foreign Subsidiary Borrower Termination substantially in the form of Exhibit K-2.

“Foreign Subsidiary Loan Party” shall mean (a) each Foreign Subsidiary that is set forth on Schedule 1.01(e) and (b) each Wholly Owned Foreign Subsidiary that has met the requirements of Section 5.10(f) after the Restatement Effective Date.

“Fortuna” shall mean Fortuna Assurance Company, a captive insurance company that provides insurance coverage solely for the benefit of the U.S. Borrower and the Subsidiaries.

“Fund” shall mean Blackstone Capital Partners IV Merchant Banking Fund L.P., a Delaware limited partnership.

“Fund Affiliate” shall mean (i) each Affiliate of the Fund that is neither an operating company nor a company controlled by an operating company and (ii) each general partner of the Fund or any Fund Affiliate who is a partner or employee of the Blackstone Group L.P.

“Funded Ancillary Credit Extension” shall mean, at any time, an extension of credit under an Ancillary Facility in respect of which the applicable Ancillary Lender has advanced funds to, or on behalf of, the Foreign Subsidiary Borrower thereunder.

“GAAP” shall mean generally accepted accounting principles in effect from time to time in the United States, applied on a consistent basis.

“Global Lending Office” shall mean, as to any Global Revolving Facility Lender, the applicable branch, office or Affiliate of such Global Revolving Facility Lender designated by such Global Revolving Facility Lender to make Loans denominated in a Foreign Currency.

“Global Revolving Facility Borrowing” shall mean, a Borrowing comprised of Global Revolving Facility Loans.

“Global Revolving Facility” shall mean the Global Revolving Facility Commitments and extensions of credit made thereunder by the Global Revolving Facility Lenders.

“Global Revolving Facility Commitment” shall mean, with respect to each Global Revolving Facility Lender, the commitment of such Global Revolving Facility Lender to make Global Revolving Facility Loans pursuant to Section 2.01, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time pursuant to Section 2.23 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04. The initial amount of each Global Revolving Facility Lender’s Global Revolving Facility Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Facility Amendment pursuant to which such Global Revolving Facility Lender shall have assumed its Global Revolving Facility Commitment, as applicable. The aggregate amount of the Global Revolving Facility Commitments on the date hereof is $700,000,000.

“Global Revolving Facility Credit Exposure” shall mean, at any time, the sum of (a) the aggregate principal amount of the Global Revolving Facility Loans denominated in Dollars outstanding at such time, (b) the Dollar Equivalent of the aggregate principal amount of the Global Revolving Facility Loans denominated in a Foreign Currency outstanding at such time and (c) the Swingline Foreign Currency Exposure at such time. The Global Revolving Facility Credit Exposure of any Global Revolving Facility Lender at any time shall be the sum of (i) the aggregate principal amount of such Global Revolving Facility Lender’s Global Revolving Facility Loans denominated in Dollars outstanding at such time, (ii) the Dollar Equivalent of the aggregate principal amount of such Global Revolving Facility Lender’s Global Revolving Facility Loans denominated in a Foreign Currency outstanding at such time and (iii) such Global Revolving Facility Lender’s ratable share (based on Available Unused Commitments) of the Swingline Foreign Currency Exposure at such time, as adjusted to reflect the reallocations of Swingline Foreign Currency Exposures pursuant to the second sentence of the definition of “Swingline Foreign Currency Exposure” and Section 2.24.

“Global Revolving Facility Lender” shall mean a Lender with a Global Revolving Facility Commitment or with outstanding Global Revolving Facility Loans.

“Global Revolving Facility Loan” shall mean a Loan made by a Global Revolving Facility Lender in respect of a Global Revolving Facility Commitment pursuant to Section 2.01. Each Global Revolving Facility Loan denominated in Dollars shall be a Eurocurrency Loan or an ABR Loan, and each Global Revolving Facility Loan denominated in a Foreign Currency shall be a Eurocurrency Loan.

“Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

“Guarantee” of or by any person (the “guarantor”) shall mean (a) any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation (whether arising by virtue of partnership arrangements, by agreement to keep well, to purchase assets, goods, securities or services, to take-or-pay or otherwise) or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, (iv) entered into for the purpose of assuring in any other manner the holders of such Indebtedness or other obligation of the payment thereof or to protect such holders against loss in respect thereof (in whole or in part) or (v) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or other obligation, or (b) any Lien on any assets of the guarantor securing any Indebtedness (or any existing right, contingent or otherwise, of the holder of Indebtedness to be secured by such a Lien) of any other person, whether or not such Indebtedness or other obligation is assumed by the guarantor; provided, however, that the term “Guarantee” shall not include endorsements for collection or deposit, in either case in the ordinary course of business, or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted under this Agreement.

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

“Holdings” shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

“Holdings Common Stock” shall mean common stock issued by Holdings.

“Incremental Amount” shall mean, at any time, the greater of (a) $600,000,000, minus the aggregate amount of all Incremental Extensions of Credit previously established pursuant to Section 2.23 after the Restatement Effective Date and

(b) the amount of Incremental Extensions of Credit that would be permitted to be incurred as of any date of determination (assuming for such purpose that the full amount of any Revolving Commitment Increase has been fully funded as Loans on such date) such that, the Leverage Ratio as of the last day of the most recently ended fiscal quarter of the U.S. Borrower for which financial statements have been delivered pursuant to Section 5.04, determined on a Pro Forma Basis, would not exceed 1.50 to 1.00.

“Incremental Extensions of Credit” shall have the meaning assigned to such term in Section 2.23.

“Incremental Facility Amendment” shall have the meaning assigned to such term in Section 2.23.

“Incremental Facility Closing Date” shall have the meaning assigned to such term in Section 2.23.

“Incremental Term Loans” shall have the meaning assigned to such term in Section 2.23.

“Indebtedness” of any person shall mean, without duplication, (a) all obligations of such person for borrowed money, (b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such person upon which interest charges are customarily paid, (d) all obligations of such person under conditional sale or other title retention agreements relating to property or assets purchased by such person, (e) all obligations of such person issued or assumed as the deferred purchase price of property or services (other than current trade liabilities and current intercompany liabilities (but not any refinancings, extensions, renewals or replacements thereof) incurred in the ordinary course of business and maturing within 365 days after the incurrence thereof), (f) all Guarantees by such person of Indebtedness of others, (g) all Capital Lease Obligations of such person, (h) all payments that such person would have to make in the event of an early termination, on the date Indebtedness of such person is being determined, in respect of outstanding Swap Agreements, (i) all obligations, contingent or otherwise, of such person as an account party in respect of letters of credit and (j) all obligations of such person in respect of bankers’ acceptances. The Indebtedness of any person shall include the Indebtedness of any partnership in which such person is a general partner, other than to the extent that the instrument or agreement evidencing such Indebtedness expressly limits the liability of such person in respect thereof.

“Indemnified Taxes” shall mean Taxes other than Excluded Taxes.

“Indemnitee” shall have the meaning assigned to such term in Section 9.05(b).

“Intercreditor Agreement” shall mean the Intercreditor Agreement dated as of February 28, 2003, among JPMorgan Chase Bank, as Administrative Agent, the Receivables Subsidiary, the U.S. Borrower and the Collateral Agent.

“Interest Coverage Ratio” shall have the meaning given such term in Section 6.11.

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

“Interest Expense” shall mean, with respect to any person for any period, the sum of (a) gross interest expense of such person for such period on a consolidated basis, including (i) the amortization of debt discounts, (ii) the amortization of all fees (including fees with respect to Swap Agreements) payable in connection with the incurrence of Indebtedness to the extent included in interest expense, (iii) the portion of any payments or accruals with respect to Capital Lease Obligations allocable to interest expense and (iv) commissions, discounts, yield and other fees and charges incurred in connection with the Permitted Receivables Financing which are payable to any person other than the U.S. Borrower or a Subsidiary Loan Party and (b) capitalized interest of such person. For purposes of the foregoing, gross interest expense shall be determined after giving effect to any net payments made or received by the U.S. Borrower and the Subsidiaries with respect to Swap Agreements.

“Interest Payment Date” shall mean, (a) with respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each day that would have been an Interest Payment Date had successive Interest Periods of three months’ duration been applicable to such Borrowing and, in addition, the date of any refinancing or conversion of such Borrowing with or to a Borrowing of a different Type, (b) with respect to any ABR Loan, the last day of each calendar quarter, (c) with respect to any Swingline Dollar Loan, the day that such Swingline Dollar Loan is required to be repaid pursuant to Section 2.09(a) and (d) with respect to any Swingline Foreign Currency Loan, the last day of the Interest Period applicable to such Swingline Foreign Currency Loan or any day otherwise agreed to by the Swingline Foreign Currency Lenders.

“Interest Period” shall mean, (a) as to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing, as applicable, and ending on the numerically corresponding day (or, if there is no numerically corresponding day, on the last day) in the calendar month that is 1, 2, 3 or 6 months thereafter (or (i) 9 or 12 months, if at the time of the relevant Borrowing, all Lenders make interest periods of such length available and (ii) solely with respect to any Eurocurrency Borrowing that is a Revolving Borrowing, 7 or 14 days), as the applicable Borrower may elect, or the date any Eurocurrency Borrowing is converted to an ABR Borrowing in accordance with Section 2.07 or repaid or prepaid in accordance with Section 2.09, 2.10 or 2.11; and (b) as to any Swingline Foreign Currency Borrowing, the period commencing on the date of such Borrowing and ending on the day that is designated in the notice delivered pursuant to Section 2.04 with respect to such Swingline Foreign Currency Borrowing, which shall not be later than the seventh day thereafter; provided, however, that if any Interest Period would end on a day other than a Business Day, such Interest Period shall

be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day. Interest shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period.

“Intermediate Holdings” shall have the meaning assigned to such term in the preamble of this Agreement.

“Intermediate Holdings Loan” shall mean the loan from the U.S. Borrower to Holdings, as successor to Intermediate Holdings, in an aggregate principal amount of $499,000,000, which loan has been evidenced by a note and pledged pursuant to the Collateral and Guarantee Requirement.

“Investment Grade Rating” shall mean any of (a) a corporate rating of the U.S. Borrower by S&P of BBB- (with a stable outlook) or better or (b) a corporate family rating of the U.S. Borrower by Moody’s of Baa3 (with a stable outlook) or better.

“IRS” shall mean the United States Internal Revenue Service.

“Issuing Bank” shall mean JPMorgan Chase Bank, N.A., each other Issuing Bank designated pursuant to Section 2.05(l), in each case in its capacity as an issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(i). An Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

“Issuing Bank Fees” shall have the meaning assigned to such term in Section 2.12(b).

“Judgment Currency” shall have the meaning assigned to such term in Section 9.17(b).

“Junior Permitted Additional Secured Debt” shall mean secured Indebtedness incurred by the U.S. Borrower in the form of one or more series of second lien secured notes or second lien secured term loans; provided that (a) such Indebtedness does not mature or have scheduled amortization or payments of principal prior to the date that is 91 days after the Latest Maturity Date on the date of issuance of such Indebtedness, (b) the security agreements relating to such Indebtedness are substantially the same as the corresponding Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (c) such Indebtedness is secured by the Collateral on a second lien basis to the Obligations and the obligations in respect of any Senior Permitted Additional Secured Debt and is not secured by any property or assets of Holdings, any Borrower or any Subsidiary other than the Collateral, (d) such Indebtedness is not Guaranteed by any person other than those Loan Parties Guaranteeing the Obligations (as defined in the U.S. Collateral Agreement) on the date of the issuance of such Indebtedness and (e) the holders of such Indebtedness, or a trustee or agent acting on behalf of such holders, shall have become a party to an Additional Intercreditor

Agreement (or, if such Indebtedness is the initial Junior Permitted Additional Secured Debt incurred by the U.S. Borrower, then Holdings, the U.S. Borrower, the Domestic Subsidiary Loan Parties, Xxxxx, the Administrative Agent, the Collateral Agent and such holders (or such trustee or agent acting on behalf of such holders) shall have executed and delivered an Additional Intercreditor Agreement).

“Latest Maturity Date” shall mean, at any date of determination, the latest maturity date or termination date applicable to any Loan or Commitment hereunder that is outstanding on such date.

“L/C Disbursement” shall mean a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

“L/C Participation Fee” shall have the meaning assigned such term in Section 2.12(b).

“Lender” shall mean each financial institution listed on Schedule 2.01, each person that is a Lender under the Existing Credit Agreement as of the Restatement Effective Date, as well as any person that becomes a “Lender” hereunder pursuant to Section 9.04 or pursuant to an Incremental Facility Amendment, in each case, other than such person that ceases to be a party hereto pursuant to Section 9.04. Unless the context otherwise requires, the term “Lender” shall include each Swingline Lender.

“Lenders’ Presentation” shall mean the Lenders’ Presentation dated September 6, 2012, as modified or supplemented prior to the Restatement Effective Date.

“Lender Signature Page” shall have the meaning assigned to such term in Section 4.01(a)(i).

“Letter of Credit” shall mean any letter of credit issued pursuant to Section 2.05 (including each letter of credit issued (or deemed issued) under the Existing Credit Agreement and outstanding as of the Restatement Effective Date).

“Leverage Ratio” shall mean, on any date, the ratio of (a) Consolidated Total Net Debt as of such date to (b) EBITDA for the period of four consecutive fiscal quarters of the U.S. Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP; provided that to the extent any Asset Disposition or any Permitted Business Acquisition (or any similar transaction or transactions that require a waiver or a consent of the Required Lenders pursuant to Section 6.04 or Section 6.05) has occurred during the relevant Test Period, EBITDA shall be determined for the respective Test Period on a Pro Forma Basis for such occurrences.

“LIBO Rate” shall mean, with respect to any Eurocurrency Borrowing for any Interest Period, the rate per annum determined by the Applicable Agent at approximately 11:00 a.m., London time, on the Quotation Day for such Interest Period by reference to the British Bankers’ Association Interest Settlement Rates for deposits in the currency of such Borrowing (as reflected on the applicable Reuters screen page (or any successor to or substitute for such service, as determined by the Administrative Agent

from time to time for purposes of providing quotations of interest rates applicable to deposits in such currency in the London interbank market), for a period equal to such Interest Period; provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be the average (rounded upward, if necessary, to the next 1/100 of 1%) of the respective interest rates per annum at which deposits in the currency of such Borrowing are offered for such Interest Period to major banks in the London interbank market by JPMorgan Chase Bank, N.A., at approximately 11:00 a.m., London time, on the Quotation Day for such Interest Period.

“Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, hypothecation, pledge, encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.

“Loan Documents” shall mean this Agreement, the Letters of Credit, the Security Documents, the Ancillary Facility Documents, the Intercreditor Agreement, any Additional Intercreditor Agreement, the First Lien Intercreditor Agreement, any promissory note issued under Section 2.09(e) and any Incremental Facility Amendment.

“Loan Parties” shall mean Holdings, the Borrowers and the Subsidiary Loan Parties.

“Loans” shall mean the Revolving Loans, the Swingline Loans and any loans made in respect of any Incremental Extension of Credit.

“Local Time” shall mean (a) with respect to a Loan or Borrowing denominated in Dollars and made from a U.S. Lending Office, New York City time and (b) with respect to a Loan or Borrowing denominated in any Foreign Currency or a Loan or Borrowing denominated in Dollars and made from a Global Lending Office, London time.

“London Administrative Office” shall mean the office of the Administrative Agent at X.X. Xxxxxx Europe Limited, 000 Xxxxxx Xxxx, Xxxxxx XX0X 0XX, Xxxxxxx, Attention of Xxxxxx Xxxxxxx (Telecopy No. 011-44-207-777-2360).

“Xxxxx” shall mean Xxxxx Industries Limited, a company organized under the Laws of England and Wales.

“Majority Lenders” of any Facility shall mean, at any time, Lenders under such Facility having Loans, Ancillary Commitments and unused Commitments representing more than 50% of the sum of all Loans outstanding under such Facility, Ancillary Commitments and unused Commitments under such Facility at such time. For purposes of the foregoing, the Loans, Ancillary Commitment and unused Commitment of any Defaulting Lender shall be disregarded in determining the Majority Lenders at any time.

“Management Equity Loan” shall mean (a) the loan on the Closing Date by the U.S. Borrower or Holdings to the Management Equity Vehicle in an aggregate principal amount not in excess of $12,000,000 and (b) if applicable, the loan on the Closing Date by the U.S. Borrower to Holdings in an aggregate principal amount equal to the loan, if any, by Holdings to the Management Equity Vehicle on the Closing Date.

“Management Equity Vehicle” shall mean trust accounts pursuant to escrow agreements dated as of February 21, 2003.

“Management Group” shall mean the group consisting of the directors, executive officers and other management personnel of the U.S. Borrower, Holdings and Intermediate Holdings on the Closing Date together with (a) any new directors whose election by such boards of directors or whose nomination for election by the stockholders of the U.S. Borrower, Holdings, or Intermediate Holdings, as applicable, was approved by a vote of a majority of the directors of the U.S. Borrower, Holdings or Intermediate Holdings, as applicable, then still in office who were either directors on the Restatement Effective Date or whose election or nomination was previously so approved and (b) executive officers and other management personnel of the U.S. Borrower, Holdings or Intermediate Holdings, as applicable, hired at a time when the directors on the Restatement Effective Date together with the directors so approved constituted a majority of the directors of the U.S. Borrower, Holdings or Intermediate Holdings, as applicable.

“Margin Stock” shall have the meaning given such term in Regulation U.

“Material Adverse Effect” shall mean the existence of events, conditions and/or contingencies that have had or are reasonably likely to have (a) a materially adverse effect on the business, operations, properties, assets or financial condition of the U.S. Borrower and the Subsidiaries, taken as a whole, (b) a material impairment of the ability of Holdings, the U.S. Borrower or any of the Subsidiaries to perform any of its material obligations under any Loan Document to which it is or will be a party or to consummate the Restatement Transactions or (c) an impairment of the validity or enforceability of, or a material impairment of the material rights, remedies or benefits available to the Lenders, any Issuing Bank, the Administrative Agent or the Collateral Agent under, any Loan Document.

“Material Indebtedness” shall mean Indebtedness (other than Loans, Ancillary Credit Extensions and Letters of Credit) of any one or more of the Loan Parties in an aggregate principal amount exceeding $100,000,000.

“Maximum Rate” shall have the meaning assigned to such term in Section 9.09.

“Moody’s” shall mean Xxxxx’x Investors Service, Inc.

“Mortgaged Properties” shall mean the owned real properties of the Loan Parties set forth on Schedule 3.18.

“Mortgages” shall mean the U.S. Mortgages and the Foreign Mortgages.

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

“Net Income” shall mean, with respect to any person, the net income (loss) of such person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends.

“New Senior Note Documents” shall mean the New Senior Notes and the New Senior Note Indentures.

“New Senior Note Indentures” shall mean (a) the Indentures dated as of March 26, 2007, among the U.S. Borrower, the Subsidiaries party thereto and the trustee named therein from time to time, as in effect on the Restatement Effective Date and as amended, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement and (b) the 8.875% Senior Note Indenture.

“New Senior Notes” shall mean (a) the U.S. Borrower’s 6-3/8% Senior Notes due 2014, 7% Senior Notes due 2014 and 7-1/4% Senior Notes due 2017, in each case issued pursuant to the New Senior Note Indentures, and any notes issued by the U.S. Borrower in exchange for, and as contemplated by, the New Senior Notes with substantially identical terms as the New Senior Notes and (b) the 8.875% Senior Notes issued pursuant to the 8.875% Senior Note Indenture, and any notes issued by the U.S. Borrower in exchange for, and as contemplated by, the 8.875% Senior Notes with substantially identical terms as the 8.875% Senior Notes.

“Newco UK Loan” shall mean the loan from the U.S. Borrower to Newco UK on the Closing Date in an aggregate principal amount equal to $725,740,000 out of the proceeds of Loans made to the U.S. Borrower on the Closing Date, which loan is evidenced by a note and pledged pursuant to a Foreign Pledge Agreement.

“Northrop Space and Mission” shall mean Northrop Grumman Space & Mission Systems Corp., an Ohio corporation.

“Notice of Termination” shall have the meaning assigned to such term in Section 2.22(e)(ii).

“Obligations” shall mean the “Obligations”, as such term is defined in the U.S. Collateral Agreement, and the “Foreign Obligations”, as such term is defined in the Foreign Guarantee.

“Original Credit Agreement” shall mean the Credit Agreement dated as of February 27, 2003 among Holdings, Intermediate Holdings, the U.S. Borrower, the Foreign Subsidiary Borrowers party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, as administrative agent, Credit Suisse First Boston, acting through its Cayman Islands Branch, Xxxxxx Commercial Paper Inc., and Deutsche Bank Securities Inc., each as co-syndication agent, and Bank of America, N.A., as documentation agent.

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

“Parallel Debt Agreement” shall mean the Amended and Restated Parallel Debt Agreement dated as of the date hereof, among Holdings, Intermediate Holdings, the U.S. Borrower, the Subsidiary Loan Parties and the Collateral Agent, as amended, supplemented or otherwise modified from time to time.

“Participant” shall have the meaning assigned to such term in Section 9.04(c).

“Participant Register” shall have the meaning assigned to such term in Section 9.04(c).

“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA.

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

“Perfection Certificates” shall mean the U.S. Perfection Certificate and the Foreign Perfection Certificates.

“Permitted Business Acquisition” shall mean any acquisition of all or substantially all the assets of, or all the Equity Interests (other than directors’ qualifying shares) in, a person or division or line of business of a person (or any subsequent investment made in a person, division or line of business previously acquired in a Permitted Business Acquisition) if (a) such person or division is engaged in the same or a similar line of business as the U.S. Borrower and the Subsidiaries or a reasonable extension, development or expansion of such line of business or a business ancillary to such line of business, (b) such acquisition was not preceded by, or effected pursuant to, an unsolicited or hostile offer and (c) immediately after giving effect thereto: (i) no Default or Event of Default shall have occurred and be continuing or would result therefrom; (ii) all transactions related thereto shall be consummated in accordance with applicable laws; (iii) the Equity Interests of any acquired or newly formed corporation, partnership, association or other business entity are held directly by (A) the U.S. Borrower, (B) a Wholly Owned Subsidiary that is a Domestic Subsidiary Loan Party or (C) if such corporation, partnership, association or other business entity is incorporated or organized under the laws of any jurisdiction other than the United States of America, any

State thereof or the District of Columbia, a Foreign Subsidiary Loan Party and (iv)(A) the U.S. Borrower and the Subsidiaries shall be in compliance, on a Pro Forma Basis after giving effect to such acquisition or formation, with the covenants contained in Sections 6.11 and 6.12 recomputed as at the last day of the most recently ended fiscal quarter of the U.S. Borrower and the Subsidiaries, and the U.S. Borrower shall have delivered to the Administrative Agent a certificate of a Responsible Officer of the U.S. Borrower to such effect, together with all relevant financial information for such Subsidiary or assets, and (B) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness (except for Indebtedness permitted by Section 6.01).

“Permitted Call Spread Transaction” shall mean a derivative transaction implemented by Holdings or any of its Subsidiaries in connection with the issuance of the U.S. Borrower’s 3.50% Exchangeable Senior Notes due 2015 pursuant to which Holdings or any of its Subsidiaries (a) purchases a call option with respect to the Equity Interests of Holdings into which such convertible bonds may be converted in accordance with the terms thereof and (b) simultaneously sells a call option with respect to such Equity Interests of Holdings with the same expiration date as, but at a higher exercise price than the exercise price applicable to, the call option referenced in clause (a) of this definition, for the purpose of hedging the risk associated with an increase in the value of the Equity Interests of Holdings into which such convertible bonds may be converted and, for purposes of clarity, not to hedge or mitigate risks with respect to which Holdings, the U.S. Borrower or any Subsidiary does not have an actual exposure.

“Permitted Cure Security” shall mean an equity security of Holdings (or the surviving entity in any merger of Holdings permitted under Section 6.05(b)) having no mandatory redemption, repurchase or similar requirements prior to December 31, 2012, and upon which all dividends or distributions (if any) shall be payable solely in additional shares of such equity security.

“Permitted Holder” shall mean the Fund, the Fund Affiliates and the Management Group.

“Permitted Investments” shall mean: (a) direct obligations of the United States of America or any agency thereof or obligations guaranteed by the United States of America or any agency thereof; (b) time deposit accounts, certificates of deposit and money market deposits maturing within 365 days of the date of acquisition thereof issued by a bank or trust company that is organized under the laws of the United States of America, any state thereof or any foreign country recognized by the United States of America having capital, surplus and undivided profits having a Dollar Equivalent that is in excess of $500,000,000 and whose long term debt, or whose parent holding company’s long term debt, is rated A (or such similar equivalent rating or higher by at least one nationally recognized statistical rating organization (as defined in Rule 436 under the Securities Act)); (c) repurchase obligations with a term of not more than 365 days for underlying securities of the types described in clause (a) above entered into with a bank meeting the qualifications described in clause (b) above; (d) commercial paper, maturing not more than 365 days after the date of acquisition, issued by a corporation (other than an Affiliate of any Borrower) organized and in existence under the laws of the United

States of America or any foreign country recognized by the United States of America with a rating at the time as of which any investment therein is made of P-1 (or higher) according to Xxxxx’x, or A-1 (or higher) according to S&P; (e) securities with maturities of twelve months or less from the date of acquisition issued or fully guaranteed by any State, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least A by S&P or A2 by Xxxxx’x; (f) in the case of any Foreign Subsidiary: (i) direct obligations of the sovereign nation (or any agency thereof) in which such Foreign Subsidiary is organized and is conducting business or in obligations fully and unconditionally guaranteed by such sovereign nation (or any agency thereof), (ii) investments of the type and maturity described in clauses (a) through (e) above of foreign obligors, which investments or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating agencies or (iii) investments of the type and maturity described in clauses (a) through (e) above of foreign obligors (or the parents of such obligors), which investments or obligors (or the parents of such obligors) are not rated as provided in such clauses or in clause (ii) above but which are, in the reasonable judgment of the U.S. Borrower, comparable in investment quality to such investments and obligors (or the parents of such obligors); (g) shares of mutual funds whose investment guidelines restrict 95% of such funds’ investments to those satisfying the provisions of clauses (a) through (e) above; (h) money market funds that (i) comply with the criteria set forth in Rule 2a-7 under the Investment Company Act of 1940 or are members in the Institutional Money Market Funds Association, (ii) are rated AAA by S&P and Aaa by Xxxxx’x and (iii) have portfolio assets of at least $5,000,000,000; and (i) time deposit accounts, certificates of deposit and money market deposits in an aggregate face amount not in excess of 5% of the total assets of the U.S. Borrower and the Subsidiaries, on a consolidated basis, as of the end of the U.S. Borrower’s most recently completed fiscal year.

“Permitted Junior Convertible Debt” shall have the meaning assigned to such term in Section 6.01(q).

“Permitted Junior Debt” shall have the meaning assigned to such term in Section 6.01(q).

“Permitted Junior Debt Documents” shall mean the indenture or indentures under which any Permitted Junior Debt (or Permitted Notes Refinancing Indebtedness in respect of any Permitted Junior Debt) is issued, all side letters, instruments, agreements and other documents evidencing or governing any Permitted Junior Debt (or any Permitted Notes Refinancing Indebtedness with respect to any Permitted Junior Debt), providing for any Guarantee or other right in respect thereof, affecting the terms of the foregoing or entered into in connection therewith and all schedules, exhibits and annexes to each of the foregoing.

“Permitted Notes Refinancing Indebtedness” shall mean any Indebtedness of the U.S. Borrower issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund (collectively, to “Refinance”), all or any portion of the New Senior Notes, 3.5% Exchangeable Senior Notes or any Permitted Junior Debt (or previous refinancings thereof constituting Permitted Notes Refinancing

Indebtedness); provided that (a) the principal amount of such Permitted Notes Refinancing Indebtedness does not exceed the principal amount of the New Senior Notes, 3.5% Exchangeable Senior Notes or Permitted Junior Debt (or previous refinancings thereof constituting Permitted Notes Refinancing Indebtedness) being Refinanced (plus unpaid accrued interest, fees and premium thereon (including in connection with a tender offer)), (b) the stated maturity of such Permitted Notes Refinancing Indebtedness is no earlier than 180 days after the Latest Maturity Date on the date of issuance of such Indebtedness, (c) such Permitted Notes Refinancing Indebtedness does not require any scheduled amortization, principal or sinking fund payments earlier than 180 days after the Latest Maturity Date on the date of issuance of such Indebtedness, (d) such Permitted Notes Refinancing Indebtedness does not have different primary obligors or guarantors than those with respect to the New Senior Notes, the 3.5% Exchangeable Senior Notes or applicable Permitted Junior Debt (or previous refinancings thereof constituting Permitted Notes Refinancing Indebtedness), as applicable; provided that any Permitted Notes Refinancing Indebtedness that is secured by Liens permitted by Section 6.02(s) may be incurred by any Borrower and may be guaranteed by different guarantors than the guarantors of the New Senior Notes or the 3.5% Exchangeable Senior Notes so long as such guarantors are Loan Parties, (e) such Permitted Notes Refinancing Indebtedness is not secured by any collateral (other than Second-Priority Liens permitted by Section 6.02(s) incurred in connection with the Refinancing of New Senior Notes, 3.5% Exchangeable Senior Notes or any Permitted Notes Refinancing Indebtedness in respect of the New Senior Notes or 3.5% Exchangeable Senior Notes so Refinanced) and (f) all other terms (excluding interest rates and redemption premiums) of such Permitted Refinancing Indebtedness are not less favorable to the Lenders in any material respect than those contained in (i) in the case of Permitted Notes Refinancing Indebtedness incurred to Refinance New Senior Notes or 3.5% Exchangeable Senior Notes, the New Senior Notes or the 3.5% Exchangeable Senior Notes, as applicable and (ii) in the case of Permitted Notes Refinancing Indebtedness incurred to Refinance Permitted Junior Debt, the Permitted Junior Debt being so Refinanced.

“Permitted Receivables Documents” shall mean all documents and agreements relating to the Permitted Receivables Financing.

“Permitted Receivables Financing” shall mean any sale or financing, or pledge pursuant to a non-structured receivables-based financing, by the U.S. Borrower or any Subsidiary of accounts receivable, provided that (A) any such sale or financing shall provide for recourse to such Subsidiary or the U.S. Borrower (as applicable) only to the extent customary for similar sales or financings in the jurisdiction relevant to such sale or financing (and in any event shall not provide for recourse to such Subsidiary or the U.S. Borrower in the event of non-payment of such receivables) and (B) the sum of, without duplication, (x) the aggregate principal amounts financed pursuant to this definition and (y) the aggregate Net Investment in accounts receivable pursuant to this definition shall not exceed $600,000,000 at any time. For the purpose of this definition, “Net Investment” means the cash purchase price paid by the buyer in connection with its purchase of accounts receivable (including any bills of exchange) less the amount of collections received in respect of such accounts receivable and paid to such buyer, excluding any amounts applied to purchase fees or discount or in the nature of interest, in each case as determined in good faith and in a consistent and commercially reasonable manner by the U.S. Borrower.

“person” shall mean any natural person, corporation, business trust, joint venture, association, company, partnership, limited liability company or government, individual or family trusts, or any agency or political subdivision thereof.

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

“Pledged Collateral” shall have the meaning assigned to such term in the U.S. Collateral Agreement or a Foreign Pledge Agreement, as applicable.

“primary obligor” shall have the meaning given such term in the definition of the term Guarantee.

“Prime Rate” shall mean the rate of interest per annum publicly announced from time to time by the Administrative Agent as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective on the date such change is publicly announced as being effective.

“Pro Forma Basis” shall mean, as to any person, for any events as described in clauses (i) and (ii) below that occur subsequent to the commencement of a period for which the financial effect of such events is being calculated, and giving effect to the events for which such calculation is being made, such calculation as will give pro forma effect to such events as if such events occurred on the first day of the four consecutive fiscal quarter period last ended on or before the occurrence of such event (the “Reference Period”):

(i) in making any determination of EBITDA, pro forma effect shall be given to any Asset Disposition and to any Permitted Business Acquisition (or any similar transaction or transactions that require a waiver or consent of the Required Lenders pursuant to Section 6.04 or 6.05), in each case that occurred during the Reference Period (or, in the case of determinations made pursuant to the definition of the term “Permitted Business Acquisition” and Section 2.23, occurring during the Reference Period or thereafter and through and including the date upon which the respective Permitted Business Acquisition is consummated or the date of the applicable Incremental Extension of Credit as the case may be); and

(ii) in making any determination on a Pro Forma Basis, (x) all Indebtedness (including Indebtedness incurred or assumed and for which the financial effect is being calculated, whether incurred under this Agreement or otherwise, but excluding normal fluctuations in revolving Indebtedness incurred

for working capital purposes and amounts outstanding under any Permitted Receivables Financing, in each case not to finance any acquisition) incurred or permanently repaid during the Reference Period (or, in the case of determinations made pursuant to the definition of the term “Permitted Business Acquisition”, Section 2.23, Section 6.04(s), Section 6.06(e) and Section 6.09(b)(i) occurring during the Reference Period or thereafter and through and including the date upon which the respective Permitted Business Acquisition is consummated or the date of the applicable Incremental Extension of Credit, investment, dividend, repurchase of equity or payment of Indebtedness, as the case may be) shall be deemed to have been incurred or repaid at the beginning of such period and (y) Interest Expense of such person attributable to interest on any Indebtedness, for which pro forma effect is being given as provided in preceding clause (x), bearing floating interest rates shall be computed on a pro forma basis as if the rates that would have been in effect during the period for which pro forma effect is being given had been actually in effect during such periods.

Pro forma calculations made pursuant to the definition of “Pro Forma Basis” shall be determined in good faith by a Responsible Officer of the U.S. Borrower and, for any fiscal period ending on or prior to the first anniversary of a Permitted Business Acquisition or Asset Disposition (or any similar transaction or transactions that require a waiver or consent of the Required Lenders pursuant to Section 6.04 or 6.05), may include adjustments to reflect operating expense reductions reasonably expected to result from such Permitted Business Acquisition, Asset Disposition or other similar transaction, less the amount of costs reasonably expected to be incurred by the U.S. Borrower and the Subsidiaries to achieve such cost savings, to the extent that the U.S. Borrower delivers to the Administrative Agent (i) a certificate of a Financial Officer of the U.S. Borrower setting forth such operating expense reductions and the costs to achieve such reductions and (ii) information and calculations supporting in reasonable detail such estimated operating expense reductions and the costs to achieve such reductions.

“Projections” shall mean any projections and any forward-looking statements (including statements with respect to booked business) of the U.S. Borrower and the Subsidiaries furnished to the Lenders or the Administrative Agent by or on behalf of Holdings, the U.S. Borrower or a Subsidiary prior to the Restatement Effective Date in connection with the Restatement Transactions.

“Purchase Agreement” shall mean the Master Purchase Agreement between BCP Acquisition Company L.L.C. and Northrop Grumman Corporation dated as of November 18, 2002, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

“Quotation Day” shall mean, with respect to any Eurocurrency Borrowing or Swingline Foreign Currency Borrowing and any Interest Period, the day on which it is market practice in the relevant interbank market for prime banks to give quotations for deposits in the currency of such Borrowing for delivery on the first day of such Interest Period. If such quotations would normally be given by prime banks on more than one day, the Quotation Day will be the last of such days.

“Receivables Subsidiary” shall mean TRW Auto Global Receivables, LLC, a Delaware limited liability company.

“Reference LIBO Rate” shall have the meaning assigned to such term in the definition of the term “Alternate Base Rate”.

“Reference Period” shall have the meaning assigned to such term in the definition of the term “Pro Forma Basis”.

“Refinance” shall have the meaning assigned to such term in the definition of “Permitted Notes Refinancing Indebtedness”, and “Refinanced” and “Refinancing” shall have the meanings correlative thereto.

“Register” shall have the meaning assigned to such term in Section 9.04(b).

“Regulation U” shall mean Regulation U of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

“Regulation X” shall mean Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

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

“Remaining Present Value” shall mean, as of any date with respect to any lease, the present value as of such date of the scheduled future lease payments with respect to such lease, determined with a discount rate equal to a market rate of interest for such lease reasonably determined at the time such lease was entered into.

“Reportable Event” shall mean any reportable event as defined in Section 4043(c) of ERISA or the regulations issued thereunder, other than those events as to which the 30-day notice period referred to in Section 4043(c) of ERISA has been waived, with respect to a Plan (other than a Plan maintained by an ERISA Affiliate that is considered an ERISA Affiliate only pursuant to subsection (m) or (o) of Section 414 of the Code).

“Required Lenders” shall mean, at any time, Lenders having (a) Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures, (d) unused U.S. Revolving Facility Commitments (excluding Commitments to make Swingline Loans), (e) Available Unused Commitments and (f) Ancillary Commitments, that taken together, represent more than 50% of the sum of (i) all Loans (other than Swingline Loans) outstanding, (ii) Revolving L/C Exposures, (iii) Swingline Exposures, (iv) unused U.S. Revolving Facility Commitments (excluding commitments to make Swingline Loans), (v) the total Available Unused Commitments and (vi) Ancillary Commitments at such time. For purposes of the foregoing, the Loans, Revolving L/C Exposures, Swingline Exposures, unused U.S. Revolving Facility Commitment, Available Unused Commitment and Ancillary Commitment of any Defaulting Lender shall be disregarded in determining the Required Lenders at any time.

“Reserve Account” shall have the meaning assigned to such term in Section 11.02(a).

“Reset Date” shall have the meaning assigned to such term in Section 1.03(a).

“Responsible Officer” of any person shall mean any executive officer or Financial Officer of such person and any other officer or similar official thereof responsible for the administration of the obligations of such person in respect of this Agreement.

“Restatement Effective Date” shall mean the date on which the conditions specified in Section 4.01 are satisfied (or waived by the Required Lenders).

“Restatement Effective Date Foreign Subsidiary Borrower Agreement” shall mean a Foreign Subsidiary Borrower Agreement listed on Schedule 1.01(i) entered into by Foreign Subsidiary Borrowers listed on such schedule on or prior to the Restatement Effective Date.

“Restatement Transactions” shall mean the execution and delivery of this Agreement by each Person party thereto, the satisfaction of the conditions to the effectiveness thereof and the consummation of the transactions contemplated thereby.

“Revolving Borrowing” shall mean a Borrowing comprised of Revolving Loans.

“Revolving Credit Commitment” shall mean a Global Revolving Facility Commitment or a U.S. Revolving Facility Commitment.

“Revolving Credit Exposure” shall mean, with respect to any Lender at any time, the sum at such time, without duplication, of (a) such Lender’s Global Revolving Facility Credit Exposure and (b) such Lender’s U.S. Revolving Facility Credit Exposure.

“Revolving Credit Lender” shall mean a Lender with a Revolving Credit Commitment.

“Revolving Credit Maturity Date” shall mean September 28, 2017; provided that if, as of the First Early Maturity Test Date or the Second Early Maturity Test Date, the Borrowers shall not have satisfied the Early Maturity Test Date Condition in respect of such date, then in each case the Revolving Credit Maturity Date shall be the day that is 20 Business Days after such date.

“Revolving Facility Lenders” shall mean the Global Revolving Facility Lenders and the U.S. Revolving Facility Lenders.

“Revolving L/C Exposure” shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit denominated in Dollars outstanding at such time, (b) the Dollar Equivalent of the aggregate undrawn amount of all Letters of Credit denominated in a Foreign Currency outstanding at such time, (c) the aggregate principal amount of all L/C Disbursements (i) made in Dollars that have not yet been reimbursed at such time or (ii) made in a Foreign Currency and converted into Dollars pursuant to Section 2.05(e) or 2.05(k) and (d) the Dollar Equivalent of the aggregate principal amount of all L/C Disbursements made in a Foreign Currency that have not yet been reimbursed or converted into Dollars pursuant to Section 2.05(e) or 2.05(k). The Revolving L/C Exposure of any U.S. Revolving Facility Lender at any time shall mean its U.S. Revolving Facility Percentage of the aggregate Revolving L/C Exposure at such time, as such U.S. Revolving Facility Lender’s Revolving L/C Exposure is adjusted according to Section 2.24 from time to time.

“Revolving Loans” shall mean Global Revolving Facility Loans and U.S. Revolving Facility Loans.

“Sale and Lease-Back Transaction” shall have the meaning assigned to such term in Section 6.03.

“S&P” shall mean Standard & Poor’s Ratings Group, Inc.

“SEC” shall mean the Securities and Exchange Commission or any successor thereto.

“Second Early Maturity Test Date” shall mean the last fiscal day of July, 2017.

“Second-Priority Lien” shall mean any Lien on any Collateral (but not any other assets) of Holdings, the U.S. Borrower or any Subsidiary that is subordinated to the Liens securing the Obligations pursuant to an Additional Intercreditor Agreement.

“Second Restatement Effective Date” shall mean January 9, 2004.

“Secured Parties” shall mean the “Secured Parties” as defined in the U.S. Collateral Agreement.

“Securities Act” shall have the meaning assigned to such term in the preamble to this Agreement.

“Security Documents” shall mean the Mortgages, the U.S. Collateral Agreement, the Foreign Pledge Agreements, the Foreign Security Agreements, the Foreign Guarantee, the Xxxxx Guarantee, the Parallel Debt Agreement and each of the security agreements, mortgages and other instruments and documents executed and delivered pursuant to any of the foregoing or pursuant to Section 5.10.

“Senior Note Indentures” shall mean the Indentures dated as of February 18, 2003, among the U.S. Borrower, the Subsidiaries party thereto and the trustee named therein from time to time, as in effect on the Closing Date and as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

“Senior Notes” shall mean the U.S. Borrower’s 9.375% Senior Notes due 2013 and 10.125% Senior Notes due 2013, in each case issued pursuant to the Senior Note Indentures and any notes issued by the U.S. Borrower in exchange for, and as contemplated by, the Senior Notes with substantially identical terms as the Senior Notes.

“Senior Permitted Additional Secured Debt” shall mean secured Indebtedness incurred by the U.S. Borrower in the form of one or more series of senior secured notes; provided that (a) such Indebtedness does not mature or have scheduled amortization or payments of principal prior to the date that is 91 days after the Latest Maturity Date on the date of issuance of such Indebtedness, (b) the security agreements relating to such Indebtedness are substantially the same as the corresponding Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (c) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings, any Borrower or any Subsidiary other than the Collateral, (d) such Indebtedness is not Guaranteed by any person other than those Loan Parties Guaranteeing the Obligations (as defined in the U.S. Collateral Agreement) on the date of the issuance of such Indebtedness and (e) the holders of such Indebtedness, or a trustee or agent acting on behalf of such holders, shall have become a party to the First Lien Intercreditor Agreement (or, if such Indebtedness is the initial Senior Permitted Additional Secured Debt incurred by the U.S. Borrower, then Holdings, the U.S. Borrower, the Domestic Subsidiary Loan Parties, Xxxxx, the Administrative Agent, the Collateral Agent and such holders (or such trustee or agent acting on behalf of such holders) shall have executed and delivered the First Lien Intercreditor Agreement).

“Senior Subordinated Note Indentures” shall mean the Indentures dated as of February 18, 2003, among the U.S. Borrower, the Subsidiaries party thereto and the trustee named therein from time to time, as in effect on the Closing Date and as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

“Senior Subordinated Notes” shall mean the U.S. Borrower’s 11% Senior Subordinated Notes due 2013 and 11.75% Senior Subordinated Notes due 2013, in each case issued pursuant to the Senior Subordinated Note Indentures and any notes issued by the U.S. Borrower in exchange for, and as contemplated by, the Senior Subordinated Notes with substantially identical terms as the Senior Subordinated Notes.

“Special Escrow Account” shall mean an escrow account established by the U.S. Borrower with the Administrative Agent and with respect to which a control agreement has been delivered by the applicable depositary bank in favor of the Collateral Agent; provided that the terms of such escrow account shall permit the proceeds therein to be applied only for the redemption or retirement of the New Senior Notes or the 3.5% Exchangeable Senior Notes and shall otherwise be reasonably satisfactory to the Administrative Agent.

“Statutory Reserves” shall mean, with respect to any currency, a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve, liquid asset or other similar percentages (expressed as a decimal) established by any Governmental Authority of the United States of America or of the jurisdiction of such currency or any jurisdiction in which Loans in such currency are made to which banks in such jurisdiction are subject for any category of deposits or liabilities customarily used to fund loans in such currency or by reference to which interest rates applicable to Loans in such currency are determined.

“Sterling” or “£” shall mean the lawful money of the United Kingdom.

“Stockholders Agreement” shall mean the Stockholders Agreement dated as of February 28, 2003, among the Fund and Northrop Grumman Corporation, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

“Subordinated Intercompany Debt” shall have the meaning assigned to such term in Section 6.01(d).

“subsidiary” shall mean, with respect to any person (herein referred to as the “parent”), any corporation, partnership, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests are, at the time any determination is being made, directly or indirectly, owned, Controlled or held, or (b) that is, at the time any determination is made, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

“Subsidiary” shall mean a subsidiary of the U.S. Borrower.

“Subsidiary Loan Party” shall mean each Subsidiary that is (a) a Domestic Subsidiary Loan Party or (b) a Foreign Subsidiary Loan Party.

“Swap Agreement” shall mean any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions, provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the U.S. Borrower or a Subsidiary shall be a Swap Agreement.

“Swingline Borrowing Request” shall mean a request by a Borrower substantially in the form of Exhibit C-2.

“Swingline Dollar Borrowing” shall mean a Borrowing comprised of Swingline Dollar Loans.

“Swingline Dollar Commitment” shall mean, with respect to each Swingline Dollar Lender, the commitment of such Swingline Dollar Lender to make Swingline Dollar Loans pursuant to Section 2.04. The amount of each Swingline Dollar Lender’s Swingline Dollar Commitment on the Restatement Effective Date is set forth on Schedule 2.04(a). The aggregate amount of the Swingline Dollar Commitments on the Restatement Effective Date is $50,000,000. Additional Swingline Dollar Commitments may be established hereunder from time to time; provided that the aggregate amount of the Swingline Dollar Commitments shall not exceed $100,000,000.

“Swingline Dollar Exposure” shall mean at any time the aggregate principal amount of all outstanding Swingline Dollar Borrowings at such time. The Swingline Dollar Exposure of any U.S. Revolving Facility Lender at any time shall mean its U.S. Revolving Facility Percentage of the aggregate Swingline Dollar Exposure at such time, as such U.S. Revolving Facility Lender’s Swingline Dollar Exposure is adjusted in accordance with the following sentence or Section 2.24 from time to time.

“Swingline Dollar Funding Percentage” shall mean at any time, with respect to any U.S. Revolving Facility Lender, the percentage of the total Swingline Dollar Exposure represented by such Lender’s Swingline Dollar Exposure at such time.

“Swingline Dollar Lender” shall mean a Lender with a Swingline Dollar Commitment or outstanding Swingline Dollar Loans.

“Swingline Dollar Loans” shall mean the swingline loans denominated in Dollars and made to the U.S. Borrower pursuant to Section 2.04.

“Swingline Exposure” shall mean at any time the sum of the Swingline Dollar Exposure and the Swingline Foreign Currency Exposure.

“Swingline Foreign Currency Borrowing” shall mean a Borrowing comprised of Swingline Foreign Currency Loans.

“Swingline Foreign Currency Commitment” shall mean, with respect to each Swingline Foreign Currency Lender, the commitment of such Swingline Foreign Currency Lender to make Swingline Foreign Currency Loans pursuant to Section 2.04. The amount of each Swingline Foreign Currency Lender’s Swingline Foreign Currency Commitment on the Restatement Effective Date is set forth on Schedule 2.04(b). The aggregate amount of the Swingline Foreign Currency Commitments on the Restatement Effective Date is $50,000,000. Additional Swingline Foreign Currency Commitments may be established hereunder from time to time; provided that the aggregate amount of the Swingline Foreign Currency Commitments shall not exceed $100,000,000.

“Swingline Foreign Currency Exposure” shall mean at any time the Dollar Equivalent of the aggregate principal amount of all outstanding Swingline Foreign Currency Loans at such time. The Swingline Foreign Currency Exposure of any Global

Revolving Facility Lender at any time shall mean its ratable share (based on Available Unused Commitments) of the aggregate Swingline Foreign Currency Exposure at such time, as such Global Revolving Facility Lender’s Swingline Foreign Currency Exposure is adjusted in accordance with the following sentence or Section 2.24 from time to time.

“Swingline Foreign Currency Funding Percentage” shall mean at any time, with respect to any Global Revolving Facility Lender, the percentage of the total Swingline Foreign Currency Exposure represented by such Lender’s Swingline Foreign Currency Exposure at such time.

“Swingline Foreign Currency Lender” shall mean a Lender with a Swingline Foreign Currency Commitment or outstanding Swingline Foreign Currency Loans.

“Swingline Foreign Currency Loans” shall mean the swingline loans denominated in a Foreign Currency and made to a Foreign Subsidiary Borrower pursuant to Section 2.04.

“Swingline Foreign Currency Rate” shall mean with respect to any Swingline Foreign Currency Borrowing, for any Interest Period, the interest rate per annum at which deposits in the currency of such Swingline Foreign Currency Borrowing are offered for such Interest Period to major banks in the London interbank market by JPMorgan Chase Bank, N.A., on the Quotation Day.

“Swingline Lender” shall mean (i) the Swingline Dollar Lenders, in their respective capacities as Lenders of Swingline Dollar Loans, and (ii) the Swingline Foreign Currency Lenders, in their respective capacities as Lenders of Swingline Foreign Currency Loans.

“Swingline Loans” shall mean the Swingline Dollar Loans and the Swingline Foreign Currency Loans.

“Syndication Agent” shall have the meaning assigned to such term in the introductory paragraph to this Agreement.

“Taxes” shall mean any and all present or future taxes, levies, imposts, duties (including stamp duties), deductions, charges (including ad valorem charges) or withholdings imposed by any Governmental Authority including any interest, additions to tax or penalties applicable thereto.

“Term Borrowing” shall mean a Borrowing comprised of Term Loans.

“Term Loans” shall mean the Incremental Term Loans.

“Test Period” shall mean, on any date of determination, the period of four consecutive fiscal quarters of the U.S. Borrower then last ended (taken as one accounting period).

“Third Amendment and Restatement Agreement” shall have the meaning assigned to such term in the preamble to this Agreement.

“Total Revolving Credit Commitment” shall mean, at any time, the total Global Revolving Facility Commitments and the total U.S. Revolving Facility Commitments, as in effect at such time.

“Transactions” shall mean all the transactions described in the preamble to, or otherwise contemplated by, this Agreement or the Purchase Agreement.

“Transferor” shall mean TRW Automotive Receivables, LLC, a Delaware limited liability company.

“Type”, when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall include the Adjusted LIBO Rate, the Alternate Base Rate and the Swingline Foreign Currency Rate.

“Unfunded Ancillary Credit Extension” shall mean, at any time, an extension of credit under an Ancillary Facility in respect of which the applicable Ancillary Lender has not previously advanced funds to, or on behalf of, the Foreign Subsidiary Borrower but in respect of which such Ancillary Lender remains obligated so to advance funds.

“Unrestricted Cash” shall mean cash and Permitted Investments of any of the U.S. Borrower and its consolidated Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of any of the U.S. Borrower and its consolidated Subsidiaries.

“Unsecured Ancillary Facility” shall mean any Ancillary Facility made available, as set forth herein, to any Foreign Subsidiary Borrower that is not a Loan Party. The Dollar Equivalent aggregate principal amount of all Unsecured Ancillary Facilities at any time shall not exceed $30,000,000.

“U.S. Borrower” shall have the meaning assigned to such term in the introductory paragraph of this Agreement; provided that unless the context requires otherwise, if the U.S. Borrower merges with Holdings pursuant to Section 6.05(b), the surviving entity in such merger shall be deemed to be the U.S. Borrower for all purposes under this Agreement and all terms and conditions applicable to Holdings, shall cease to be in force and effect.

“U.S. Collateral Agreement” shall mean the Amended and Restated U.S. Guarantee and Collateral Agreement, as amended, supplemented or otherwise modified from time to time, in the form of Exhibit E, among Holdings, the U.S. Borrower, each Domestic Subsidiary Loan Party and the Collateral Agent.

“U.S. Lending Office” shall mean, as to any Lender, the applicable branch, office or Affiliate of such Lender designated by such Lender to make Loans in Dollars.

“U.S. Mortgages” shall mean the mortgages, deeds of trust, assignments of leases and rents and other security documents, as amended, supplemented or otherwise modified from time to time, with respect to Mortgaged Properties located in the United States of America, delivered pursuant to Section 5.10 or Section 5.13, each substantially in the form of Exhibit D.

“U.S. Perfection Certificate” shall mean a certificate in the form of Annex I to the U.S. Collateral Agreement or any other form approved by the Collateral Agent.

“U.S. Revolving Facility” shall mean the U.S. Revolving Facility Commitments and extensions of credit made thereunder by the U.S. Revolving Facility Lenders.

“U.S. Revolving Facility Borrowing” shall mean a Borrowing comprised of U.S. Revolving Facility Loans.

“U.S. Revolving Facility Commitment” shall mean, with respect to each U.S. Revolving Facility Lender, the commitment of such U.S. Revolving Facility Lender to make U.S. Revolving Facility Loans pursuant to Section 2.01, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time pursuant to Section 2.23 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each U.S. Revolving Facility Lender’s U.S. Revolving Facility Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Facility Amendment pursuant to which such U.S. Revolving Facility Lender shall have assumed its U.S. Revolving Facility Commitment, as applicable. The aggregate amount of the U.S. Revolving Facility Commitments on the date hereof is $700,000,000.

“U.S. Revolving Facility Credit Exposure” shall mean, at any time, the sum of (a) the aggregate principal amount of the U.S. Revolving Facility Loans outstanding at such time, (b) the Swingline Dollar Exposure at such time and (c) the Revolving L/C Exposure at such time. The U.S. Revolving Facility Credit Exposure of any Lender at any time shall be such Lender’s U.S. Revolving Facility Percentage of the U.S. Revolving Facility Credit Exposure at such time, as adjusted to reflect the reallocations of Revolving L/C Exposures and Swingline Dollar Exposures pursuant to the second sentence of the definition of “Swingline Dollar Exposure” and Section 2.24.

“U.S. Revolving Facility Lender” shall mean a Lender with a U.S. Revolving Facility Commitment or with outstanding U.S. Revolving Facility Loans.

“U.S. Revolving Facility Loan” shall mean a Loan made by a U.S. Revolving Facility Lender in respect of a U.S. Revolving Facility Commitment pursuant to Section 2.01. Each U.S. Revolving Facility Loan shall be a Eurocurrency Loan or an ABR Loan.

“U.S. Revolving Facility Percentage” shall mean, with respect to any U.S. Revolving Facility Lender, the percentage of the total U.S. Revolving Facility Commitments represented by such Lender’s U.S. Revolving Facility Commitment; provided that when a Defaulting Lender shall exist, for purposes of Section 2.24, “U.S. Revolving Facility Percentage” shall mean the percentage of the total U.S. Revolving Facility Commitments (disregarding any Defaulting Lender’s U.S. Revolving Facility Commitment) represented by such Lender’s U.S. Revolving Facility Commitment. If the U.S. Revolving Facility Commitments have terminated or expired, the U.S. Revolving Facility Percentages shall be determined based upon the U.S. Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

“USA Patriot Act” shall have the meaning assigned to such term in Section 9.18.

“Wholly Owned Subsidiary” of any person shall mean a subsidiary of such person, all of the Equity Interests of which (other than directors’ qualifying shares or nominee or other similar shares required pursuant to applicable law) are owned by such person or another Wholly Owned Subsidiary of such person. Unless the context otherwise indicates, all references herein to a “Wholly Owned Subsidiary” are references to a Wholly Owned Subsidiary of the U.S. Borrower.

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

SECTION 1.02. Terms Generally. (a) The definitions set forth or referred to in Section 1.01 shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, any reference in this Agreement to any Loan Document shall mean such document as amended, restated, supplemented or otherwise modified from time to time. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the U.S. Borrower notifies the Administrative Agent that the U.S. Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the U.S. Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. For the purposes of determining compliance with Section 6.01 through Section 6.10 with respect to any amount in a currency other than Dollars,

amounts shall be deemed to equal the Dollar Equivalent thereof determined using the Exchange Rate calculated as of the Business Day on which such amounts were incurred or expended, as applicable. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Statement of Financial Accounting Standards 159 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of Holdings, the Borrower or any Subsidiary at “fair value”, as defined therein (it being understood and agreed that nothing herein shall be construed as precluding Holdings, Intermediate Holdings, the Borrower or any Subsidiary from making any such election).

(b) All section references in this Agreement that relate to time periods prior to the Restatement Effective Date shall be deemed to be references to such sections in the Existing Credit Agreement.

SECTION 1.03. Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date and (ii) give notice thereof to the Borrowers. The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a “Reset Date”) or other date of determination, shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than any other provision expressly requiring the use of an Exchange Rate calculated as of a specified date) be the Exchange Rates employed in converting any amounts between Dollars and each of the Foreign Currencies.

(b) Not later than 5:00 p.m., New York City time, on each Reset Date, the Administrative Agent shall (i) determine the aggregate amount of the Dollar Equivalents of the principal amounts of the Loans denominated in Foreign Currencies then outstanding (after giving effect to any Loans denominated in Foreign Currencies made or repaid on such date) and the Revolving L/C Exposure and (ii) notify the Lenders, each Issuing Bank and the Borrowers of the results of such determination.

SECTION 1.04. Redenomination of Certain Foreign Currencies. (a) Each obligation of any party to this Agreement to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the Closing Date shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation). If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London Interbank Market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period.

(b) Without prejudice and in addition to any method of conversion or rounding prescribed by any EMU Legislation and (i) without limiting the liability of any Borrower for any amount due under this Agreement and (ii) without increasing any Commitment of any Lender, all references in this Agreement to minimum amounts (or integral multiples thereof) denominated in the national currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the Closing Date shall, immediately upon such adoption, be replaced by references to such minimum amounts (or integral multiples thereof) as shall be specified herein with respect to Borrowings denominated in Euros.

(c) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro.

ARTICLE II

The Credits

SECTION 2.01. Commitments. Subject to the terms and conditions set forth herein, each Lender agrees (i) to make (A) Global Revolving Facility Loans denominated in Dollars or Foreign Currencies to the U.S. Borrower from its U.S. Lending Office or Global Lending Office, as applicable, and (B) Global Revolving Facility Loans denominated (x) in Dollars to Foreign Subsidiary Borrowers from its U.S. Lending Office or Global Lending Office (as requested by the applicable Borrower) or (y) in Foreign Currencies to Foreign Subsidiary Borrowers from its Global Lending Office, in the case of clauses (A) and (B) from time to time during the Availability Period in an aggregate principal amount that will not result in (1) such Lender’s Global Revolving Facility Credit Exposure exceeding (x) such Lender’s Global Revolving Facility Commitment minus (y) such Lender’s Ancillary Commitment or (2) the Global Revolving Facility Credit Exposure exceeding (x) the total Global Revolving Facility Commitments minus (y) the total Ancillary Commitments and (ii) to make U.S. Revolving Facility Loans denominated in Dollars to the U.S. Borrower from its U.S. Lending Office from time to time during the Availability Period in an aggregate principal amount that will not result in (A) such Lender’s U.S. Revolving Facility Credit Exposure exceeding such Lender’s U.S. Revolving Facility Commitment or (B) the U.S. Revolving Facility Credit Exposure exceeding the total U.S. Revolving Facility Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Loans.

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

(b) Subject to Section 2.14, (i) each Borrowing denominated in Dollars and made from a U.S. Lending Office (other than a Swingline Dollar Borrowing) shall be comprised entirely of ABR Loans or Eurocurrency Loans as the applicable Borrower may request in accordance herewith and (ii) each Borrowing denominated in a Foreign Currency (other than a Swingline Foreign Currency Borrowing) and each Borrowing denominated in Dollars and made from a Global Lending Office shall be comprised entirely of Eurocurrency Loans. Each Swingline Dollar Borrowing shall be an ABR Borrowing. Each Swingline Foreign Currency Borrowing shall be comprised entirely of Swingline Foreign Currency Loans. Each Lender at its option may make any ABR Loan or Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Loan in accordance with the terms of this Agreement and such Lender shall not be entitled to any amounts payable under Section 2.15, 2.17 or 2.21 solely in respect of increased costs resulting from such exercise.

(c) At the commencement of each Interest Period for any Eurocurrency Revolving Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that a Eurocurrency Revolving Borrowing that is an Ancillary Replacement Borrowing shall be permitted to be in an amount necessary to finance Ancillary Credit Extensions under an Ancillary Facility being terminated pursuant to Section 2.22(e). At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of the U.S. Revolving Facility Commitments or that is required to finance the reimbursement of an L/C Disbursement as contemplated by Section 2.05(e). Each Swingline Dollar Borrowing and Swingline Foreign Currency Borrowing shall be in an amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum. Borrowings of more than one Type and under more than one Facility may be outstanding at the same time; provided that there shall not at any time be more than a total of (i) 10 Eurocurrency Borrowings outstanding with respect to each Class of Incremental Term Loans and (ii) 35 Eurocurrency Borrowings outstanding under the Global Revolving Facility and the U.S. Revolving Facility (not including Ancillary Replacement Borrowings).

(d) Notwithstanding any other provision of this Agreement, no Borrower shall be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.

SECTION 2.03. Requests for Borrowings. Except in the case of an Ancillary Replacement Borrowing (which shall be governed by Section 2.22(e)) or a Swingline Borrowing (which shall be governed by Section 2.04), to request a Borrowing, the applicable Borrower shall notify the Applicable Agent of such request by telephone (a) in the case of a Eurocurrency Borrowing, not later than 2:00 p.m., Local Time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 2:00 p.m., Local Time, one Business Day before the date of the proposed Borrowing; provided that any such notice of an ABR Revolving Borrowing to finance the reimbursement of an L/C Disbursement as contemplated by Section 2.05(e) may be given not later than 10:00 a.m., Local Time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Applicable Agent of a written Borrowing Request in a form approved by the Applicable Agent and signed by the applicable Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

(i) the Borrower requesting such Borrowing;

(ii) whether the requested Borrowing is to be a Global Revolving Facility Borrowing or a U.S. Revolving Facility Borrowing;

(iii) in the case of a Global Revolving Facility Borrowing, the Currency in which such Borrowing is to be denominated;

(iv) the aggregate amount of the requested Borrowing (expressed in Dollars or the applicable Foreign Currency);

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

(vi) in the case of a Borrowing denominated in Dollars and requested to be made from a U.S. Lending Office, whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing;

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

(viii) the location and number of the applicable Borrower’s account to which funds are to be disbursed.

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

SECTION 2.04. Swingline Loans. (a) Subject to the terms and conditions set forth herein, (i) each Swingline Dollar Lender agrees to make Swingline Dollar Loans to the U.S. Borrower from time to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (x) the aggregate principal amount of outstanding Swingline Dollar Loans made by such Swingline Dollar Lender exceeding such Swingline Dollar Lender’s Swingline Dollar Commitment or (y) the U.S. Revolving Facility Credit Exposure exceeding the U.S. Revolving Facility Commitments (less the unused U.S. Revolving Facility Commitments of any Defaulting U.S. Revolving Facility Lender at such time) and (ii) each Swingline Foreign Currency Lender agrees to make Swingline Foreign Currency Loans to the U.S. Borrower or the Foreign Subsidiary Borrowers from time to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (x) the Dollar Equivalent of the aggregate principal amount of outstanding Swingline Foreign Currency Loans made by such Swingline Foreign Currency Lender exceeding such Swingline Foreign Currency Lender’s Swingline Foreign Currency Commitment or (y) the sum of the Global Revolving Facility Credit Exposure and the total Ancillary Commitments exceeding the total Global Revolving Facility Commitments (less any amounts of Available Unused Commitments in respect of any Defaulting Global Revolving Facility Lenders at such time); provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Dollar Borrowing or Swingline Foreign Currency Borrowing. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Swingline Loans.

(b) To request a Swingline Dollar Borrowing or Swingline Foreign Currency Borrowing, the applicable Borrower shall notify the Applicable Agent of such request by telephone (confirmed by a Swingline Borrowing Request by telecopy), in the case of a Swingline Dollar Borrowing and by telecopy, in the case of a Swingline Foreign Currency Borrowing, not later than (i) 1:00 p.m., Local Time, on the day of a proposed Swingline Dollar Borrowing, (ii) not later than 10:00 a.m., Local Time, on the day of a proposed Swingline Foreign Currency Borrowing denominated in Euros or Sterling, (iii) not later than 10:00 a.m., Local Time, one Business Day prior to the date of a proposed Swingline Foreign Currency Borrowing denominated in Yen and (iv) 10:00 a.m., Local Time, on the day of a proposed Swingline Foreign Currency Borrowing denominated in Canadian dollars. Each such notice and Swingline Borrowing Request shall be irrevocable and shall specify (A) in the case of a Swingline Foreign Currency Borrowing, the Borrower requesting such Borrowing, (B) the requested date (which shall be a Business Day), (C) in the case of a Swingline Foreign Currency Borrowing, the Foreign Currency in which such Swingline Foreign Currency Borrowing is to be denominated, (D) the amount of the requested Swingline Dollar Borrowing (expressed in Dollars) or Swingline Foreign Currency Borrowing (expressed in the applicable Foreign Currency), as applicable, and (E) in the case of a Swingline Foreign Currency Borrowing, the Interest Period to be applicable thereto, which shall be a period contemplated by clause (b) of the definition of the term “Interest Period”. The Applicable Agent shall promptly advise each Swingline Dollar Lender (in the case of a notice relating to a Swingline Dollar Borrowing) or each Swingline Foreign Currency Lender (in the case of a notice relating to a Swingline Foreign Currency Borrowing) of any such notice received

from a Borrower and the amount of such Swingline Lender’s Swingline Loan to be made as part of the requested Swingline Dollar Borrowing or Swingline Foreign Currency Borrowing, as applicable. Each Swingline Dollar Lender shall make each Swingline Dollar Loan to be made by it hereunder in accordance with Section 2.02(a) on the proposed date thereof by wire transfer of immediately available funds by 3:00 p.m., Local Time, to the account of the Applicable Agent most recently designated by it for such purpose by notice to the Swingline Dollar Lenders. The Applicable Agent will make such Swingline Dollar Loans available to the U.S. Borrower by promptly crediting the amounts so received, in like funds, to the general deposit account of the U.S. Borrower with the Applicable Agent (or, in the case of a Swingline Dollar Borrowing made to finance the reimbursement of an L/C Disbursement as provided in Section 2.05(e), by remittance to the applicable Issuing Bank). Each Swingline Foreign Currency Lender shall make each Swingline Foreign Currency Loan to be made by it hereunder in accordance with Section 2.02(a) on the proposed date thereof by wire transfer of immediately available funds by 3:00 p.m., Local Time, to the account of the Applicable Agent most recently designated by it for such purpose by notice to the Swingline Foreign Currency Lenders. The Applicable Agent will make such Swingline Foreign Currency Loans available to the applicable Foreign Subsidiary Borrower by (x) promptly crediting the amounts so received, in like funds, to the general deposit account with the Applicable Agent of the applicable Foreign Subsidiary Borrower most recently designated to the Applicable Agent or (y) by wire transfer of the amounts received in immediately available funds to the general deposit account of the applicable Foreign Subsidiary Borrower most recently designated to the Applicable Agent.

(c) A Swingline Lender may by written notice given to the Applicable Agent (and to the other Swingline Dollar Lenders or Swingline Foreign Currency Lenders, as applicable) not later than 10:00 a.m., Local Time, on any Business Day require (i) in the case of a Swingline Dollar Lender, the U.S. Revolving Facility Lenders to acquire participations on such Business Day in all or a portion of the outstanding Swingline Dollar Loans made by it or (ii) in the case of a Swingline Foreign Currency Lender, the Global Revolving Facility Lenders to acquire participations on such Business Day in all or a portion of the outstanding Swingline Foreign Currency Loans made by it. Such notice shall specify the aggregate amount of such Swingline Loans in which the U.S. Revolving Facility Lenders or Global Revolving Facility Lenders, as applicable, will participate. Promptly upon receipt of such notice, the Applicable Agent will give notice thereof to each such Lender, specifying in such notice such Lender’s Swingline Dollar Funding Percentage or such Lender’s Swingline Foreign Currency Funding Percentage of such Swingline Loan or Loans. Each U.S. Revolving Facility Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Applicable Agent, for the account of the applicable Swingline Dollar Lender, such U.S. Revolving Facility Lender’s Swingline Dollar Funding Percentage of such Swingline Dollar Loan or Loans. Each Global Revolving Facility Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Applicable Agent, for the account of the applicable Swingline Foreign Currency Lender, such Global Revolving Facility Lender’s Swingline Foreign Currency Funding Percentage of such Swingline Foreign Currency Loan or Loans. Each Global Revolving Facility Lender and each U.S. Revolving Facility Lender acknowledges and agrees that its respective

obligation to acquire participations in Swingline Foreign Currency Loans and Swingline Dollar Loans, as applicable, pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Revolving Credit Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.06 with respect to Loans made by such Revolving Credit Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Applicable Agent shall promptly pay to the applicable Swingline Lender the amounts so received by it from the Revolving Credit Lenders. The Applicable Agent shall notify the applicable Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph (c), and thereafter payments in respect of such Swingline Loan shall be made to the Applicable Agent and not to the applicable Swingline Lender. Any amounts received by a Swingline Lender from the applicable Borrower (or other party on behalf of such Borrower) in respect of a Swingline Loan after receipt by such Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Applicable Agent; any such amounts received by the Applicable Agent shall be promptly remitted by the Applicable Agent to the Revolving Credit Lenders that shall have made their payments pursuant to this paragraph and to such Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to such Swingline Lender or to the Applicable Agent, as applicable, if and to the extent such payment is required to be refunded to the applicable Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the applicable Borrower of any default in the payment thereof.

SECTION 2.05. Letters of Credit. (a) General. Subject to the terms and conditions set forth herein, each Borrower may request the issuance of Dollar Letters of Credit and Foreign Currency Letters of Credit for its own account (or, in the case of the U.S. Borrower, for the account of a Subsidiary, so long as the U.S. Borrower and such Subsidiary are co-applicants), in each case in a form reasonably acceptable to the applicable Issuing Bank, at any time and from time to time during the Availability Period and prior to the date that is five Business Days prior to the Revolving Credit Maturity Date. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Applicant Party to, or entered into by the Applicant Party with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Each Letter of Credit (as defined in the Existing Credit Agreement) outstanding at the Restatement Effective Date shall remain outstanding as a Letter of Credit hereunder on the terms set forth herein.

(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal (other than an automatic renewal in accordance with paragraph (c) of this Section) or extension of an outstanding Letter of Credit), the Applicant Party shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have

been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, (subject to paragraph (n) of this Section) the currency in which such Letter of Credit is to be denominated, the name and address of the beneficiary thereof and such other information as shall be necessary to issue, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, the Applicant Party also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Applicant Party shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Revolving L/C Exposure shall not exceed $200,000,000 and (ii) the U.S. Revolving Facility Credit Exposure shall not exceed the total U.S. Revolving Facility Commitments (less the unused U.S. Revolving Facility Commitments of any Defaulting U.S. Revolving Facility Lender at such time).

(c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to the Revolving Credit Maturity Date; provided that any Letter of Credit with a one-year tenor may provide for the automatic renewal thereof for additional one-year periods (which, in no event, shall extend beyond the date referred to in clause (ii) of this paragraph (c)).

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the U.S. Revolving Facility Lenders, such Issuing Bank hereby grants to each U.S. Revolving Facility Lender, and each U.S. Revolving Facility Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such U.S. Revolving Facility Lender’s U.S. Revolving Facility Percentage of the aggregate amount available to be drawn under such Letter of Credit; provided that the amount of any participations granted and acquired above may be modified from time to time as a result of any reallocation of Revolving L/C Exposure in accordance with the terms of Section 2.24. In consideration and in furtherance of the foregoing, each U.S. Revolving Facility Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent in Dollars, for the account of the applicable Issuing Bank, such U.S. Revolving Facility Lender’s ratable share (after giving effect to the reallocation provisions of this paragraph (d) and Section 2.24) of (i) each L/C Disbursement made by such Issuing Bank in Dollars and (ii) the Dollar Equivalent, determined using the Exchange Rates calculated as of the date such payment is required, of each L/C Disbursement made by such Issuing Bank in a Foreign Currency and, in each case, not reimbursed by the U.S. Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the U.S.

Borrower for any reason (or, if such reimbursement payment was refunded in a Foreign Currency, the Dollar Equivalent thereof determined using the Exchange Rates calculated as of the date of such refund). Each U.S. Revolving Facility Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

(e) Reimbursement. If the applicable Issuing Bank shall make any L/C Disbursement in respect of a Letter of Credit, the U.S. Borrower shall reimburse such L/C Disbursement by paying to the Administrative Agent an amount equal to such L/C Disbursement in Dollars or (subject to the immediately succeeding sentence) the applicable Foreign Currency, not later than 5:00 p.m., New York City time, on the Business Day immediately following the date the U.S. Borrower receives notice under paragraph (g) of this Section of such L/C Disbursement, provided that in the case of any L/C Disbursement made in Dollars with respect to a Letter of Credit issued for the account of the U.S. Borrower, the U.S. Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Borrowing or a Swingline Dollar Borrowing, as applicable, in an equivalent amount and, to the extent so financed, the U.S. Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Dollar Borrowing. If the U.S. Borrower fails to reimburse any L/C Disbursement when due, then (i) if such payment relates to a Foreign Currency Letter of Credit, automatically and with no further action required, the obligation to reimburse the applicable L/C Disbursement shall be permanently converted into an obligation to reimburse the Dollar Equivalent, determined using the Exchange Rates calculated as of the date when such payment was due, of such L/C Disbursement and (ii) the Administrative Agent shall promptly notify the applicable Issuing Bank and each other U.S. Revolving Facility Lender of the applicable L/C Disbursement, the Dollar Equivalent thereof (if such L/C Disbursement relates to a Foreign Currency Letter of Credit), the payment then due from the U.S. Borrower in respect thereof and, in the case of a U.S. Revolving Facility Lender, such Lender’s ratable share (after giving effect to the reallocation provisions of Section 2.24 and paragraph (d) above) thereof. Promptly following receipt of such notice, each U.S. Revolving Facility Lender shall pay to the Administrative Agent in Dollars its ratable share of the payment then due from the U.S. Borrower (determined as provided in clause (i) of the immediately preceding sentence, if such payment relates to a Foreign Currency Letter of Credit), in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the U.S. Revolving Facility Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank in Dollars the amounts so received by it from the U.S. Revolving Facility Lenders. Promptly following receipt by the Administrative Agent of any payment from the U.S. Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that U.S. Revolving Facility Lenders have made payments

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

(f) Obligations Absolute. The obligation of the U.S. Borrower to reimburse L/C Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the applicable Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the U.S. Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of such Issuing Bank; provided that the foregoing shall not be construed to excuse the applicable Issuing Bank from liability to an Applicant Party to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by each Applicant Party to the extent permitted by applicable law) suffered by such Applicant Party that are caused by (i) such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof or (ii) such Issuing Bank’s refusal to issue a Letter of Credit in accordance with the terms of this Agreement. The parties hereto expressly agree that, in the absence of gross negligence or wilful misconduct on the part of the applicable Issuing Bank, such Issuing Bank shall be deemed to have exercised care in each such determination and each refusal to issue a Letter of Credit. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.

(g) Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent, the Applicant Party and the U.S. Borrower (if the U.S. Borrower is not the Applicant Party) by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made or will make a L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the U.S. Borrower of its obligation to reimburse such Issuing Bank and the U.S. Revolving Facility Lenders with respect to any such L/C Disbursement.

(h) Interim Interest. If an Issuing Bank shall make any L/C Disbursement, then, unless the U.S. Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the U.S. Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if such L/C Disbursement is not reimbursed by the U.S. Borrower when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply; provided, further, that, in the case of a L/C Disbursement made under a Foreign Currency Letter of Credit, the amount of interest due with respect thereto shall (i) in the case of any L/C Disbursement that is reimbursed on or before the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in the applicable Foreign Currency and (B) bear interest at a rate equal to the rate reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such L/C Disbursement plus the Applicable Margin applicable to Eurocurrency Revolving Loans at such time and (ii) in the case of any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) accrue interest on the Dollar Equivalent, determined using the Exchange Rates calculated as of the date such L/C Disbursement was made, of such L/C Disbursement, (C) bear interest at the rate per annum then applicable to ABR Revolving Loans and (D) Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any U.S. Revolving Facility Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such U.S. Revolving Facility Lender to the extent of such payment.

(i) Replacement of an Issuing Bank. An Issuing Bank may be replaced at any time by written agreement among the U.S. Borrower, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, the U.S. Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12. From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the

replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of such Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement but shall not be required to issue additional Letters of Credit.

(j) Cash Collateralization. If any Event of Default shall occur and be continuing, (i) in the case of an Event of Default described in Section 7.01(h) or (i), on the Business Day or (ii) in the case of any other Event of Default, on the third Business Day, in each case, following the date on which the U.S. Borrower receives notice from the Administrative Agent (or, if the maturity of the Loans has been accelerated, U.S. Revolving Facility Lenders with Revolving L/C Exposure representing greater than 50% of the total Revolving L/C Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the U.S. Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in Dollars in cash equal to the Revolving L/C Exposure as of such date plus any accrued and unpaid interest thereon; provided that (i) the portion of such amount attributable to undrawn Foreign Currency Letters of Credit or L/C Disbursements in a Foreign Currency that the U.S. Borrower is not late in reimbursing pursuant to Section 2.05(e) shall be deposited with the Administrative Agent in the applicable Foreign Currencies in the actual amounts of such undrawn Letters of Credit and L/C Disbursements and (ii) upon the occurrence of any Event of Default with respect to a Borrower described in clause (h) or (i) of Section 7.01, the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable in Dollars, without demand or other notice of any kind. The U.S. Borrower also shall deposit cash collateral pursuant to this paragraph as and to the extent required by Section 2.11(b) and Section 2.24(a). Each such deposit pursuant to this paragraph or pursuant to Section 2.11(b) or Section 2.24(a) shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the U.S. Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of (i) for so long as an Event of Default shall be continuing, the Administrative Agent and (ii) at any other time, the U.S. Borrower, in each case, in Permitted Investments and at the risk and expense of the U.S. Borrower, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse each Issuing Bank for L/C Disbursements for which such Issuing Bank has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the U.S. Borrower for the Revolving L/C Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of U.S. Revolving Facility Lenders with Revolving L/C Exposure representing greater than 50% of the total Revolving L/C Exposure), be applied to satisfy other obligations of the U.S. Borrower under this Agreement. If the U.S. Borrower is required to provide

an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the U.S. Borrower within three Business Days after all Events of Default have been cured or waived. If the U.S. Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.11(b), such amount (to the extent not applied as aforesaid) shall be returned to the U.S. Borrower as and to the extent that, after giving effect to such return, the U.S. Borrower would remain in compliance with Section 2.11(b) and no Event of Default shall have occurred and be continuing. If the U.S. Borrower provides an amount of cash collateral hereunder pursuant to Section 2.24(a) with respect to the Revolving L/C Exposure of any Defaulting Lender, such amount (to the extent not applied as aforesaid) shall be returned to the U.S. Borrower within three Business Days of such Defaulting Lender ceasing to be a Defaulting Lender in accordance with Section 2.24.

(k) Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Section 7.01, all amounts (i) that the U.S. Borrower is at such time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of L/C Disbursements made under any Foreign Currency Letter of Credit (other than amounts in respect of which the U.S. Borrower has deposited cash collateral pursuant to Section 2.05(j), if such cash collateral was deposited in the applicable Foreign Currency to the extent so deposited or applied), (ii) that the U.S. Revolving Facility Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to an Issuing Bank pursuant to paragraph (e) of this Section in respect of unreimbursed L/C Disbursements made under any Foreign Currency Letter of Credit and (iii) that constitute each U.S. Revolving Facility Lender’s participation in any L/C Disbursement made under a Foreign Currency Letter of Credit, in each case, shall, automatically and with no further action required, be converted into the Dollar Equivalent, determined using the Exchange Rates calculated as of such date (or in the case of any L/C Disbursement made after such date, on the date such L/C Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to an Agent, an Issuing Bank or any Lender in respect of the obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.

(l) Additional Issuing Banks. From time to time, the U.S. Borrower may by notice to the Administrative Agent designate up to four Lenders (in addition to JPMorgan Chase Bank, N.A.) that agree (in their sole discretion) to act in such capacity and are reasonably satisfactory to the Administrative Agent as Issuing Banks. Each such additional Issuing Bank shall execute a counterpart of this Agreement upon the approval of the Administrative Agent (which approval shall not be unreasonably withheld) and shall thereafter be an Issuing Bank hereunder for all purposes.

(m) Reporting. Unless otherwise requested by the Administrative Agent, each Issuing Bank shall report in writing to the Administrative Agent (i) on the first Business Day of each week and the first Business Day of each fiscal quarter, the aggregate face amount of Letters of Credit issued by it and outstanding as of the last Business Day of the preceding week or the preceding fiscal quarter, as applicable, (ii) on or prior to each Business Day on which such Issuing Bank expects to issue, amend, renew or extend any Letter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Letters of Credit to be issued, amended,

renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension (and whether the amount thereof changed), (iii) on each Business Day on which such Issuing Bank makes any L/C Disbursement, the date of such L/C Disbursement and the amount of such L/C Disbursement and (iv) on any other Business Day, such other information as the Administrative Agent shall reasonably request.

(n) Notwithstanding any other provision of this Agreement, if, after the Closing Date, any Change in Law shall make it unlawful for an Issuing Bank to issue Letters of Credit denominated in a Foreign Currency, then by prompt written notice thereof to the Borrowers and to the Administrative Agent (which notice shall be withdrawn whenever such circumstances no longer exist), such Issuing Bank may declare that Letters of Credit will not thereafter be issued by it in the affected Foreign Currency or Foreign Currencies, whereupon the affected Foreign Currency or Foreign Currencies shall be deemed (for the duration of such declaration) not to constitute a Foreign Currency for purposes of the issuance of Letters of Credit by such Issuing Bank.

SECTION 2.06. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Applicable Agent most recently designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made as provided in Section 2.04. The Applicable Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account designated by the applicable Borrower in the applicable Borrowing Request; provided that ABR Revolving Loans and Swingline Dollar Borrowings made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

(b) Unless the Applicable Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Applicable Agent such Lender’s share of such Borrowing, the Applicable Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Applicable Agent, then the applicable Lender and the applicable Borrower severally agree to pay to the Applicable Agent forthwith on demand (without duplication) such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the applicable Borrower to but excluding the date of payment to the Applicable Agent, at (i) in the case of such Lender, (x) the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation (in the case of a Borrowing denominated in Dollars) or (y) the rate reasonably determined by the Applicable Agent to be the cost to it of funding such amount (in the case of a Borrowing denominated in a Foreign Currency) or (ii) in the case of the applicable Borrower, the interest rate applicable to ABR Loans (in the case of a Borrowing denominated in Dollars) or the rate

reasonably determined by the Applicable Agent to be the cost to it of funding such amount (in the case of a Borrowing denominated in a Foreign Currency). If such Lender pays such amount to the Applicable Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.

SECTION 2.07. Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the applicable Borrower may elect to convert such Borrowing to a different Type, in the case of ABR Borrowings, or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section. The applicable Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Foreign Currency Borrowings or Swingline Dollar Borrowings, which may not be converted or continued.

(b) To make an election pursuant to this Section, the applicable Borrower shall notify the Applicable Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if such Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Applicable Agent of a written Interest Election Request in a form approved by the Applicable Agent and signed by the applicable Borrower.

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

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

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

(iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; provided that the resulting Borrowing is required to be a Eurocurrency Borrowing in the case of a Borrowing denominated in a Foreign Currency and in the case of Borrowings denominated in Dollars and funded out of a Global Lending Office; and

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

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

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

(e) If the applicable Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing (unless such Borrowing is denominated in a Foreign Currency or is denominated in Dollars and funded out of a Global Lending Office, in which case such Borrowing shall be continued as a Eurocurrency Borrowing with an Interest Period of one month’s duration commencing on the last day of such Interest Period). Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the written request (including a request through electronic means) of the Required Lenders, so notifies the applicable Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or, in the case of a Borrowing denominated in Dollars and funded out of a U.S. Lending Office, continued as a Eurocurrency Borrowing, (ii) unless repaid, each Eurocurrency Borrowing denominated in Dollars and funded out of a U.S. Lending Office shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto and (iii) unless repaid, each Eurocurrency Borrowing denominated in a Foreign Currency or denominated in Dollars and funded out of a Global Lending Office shall be continued as a Eurocurrency Borrowing with an Interest Period of one month’s duration.

SECTION 2.08. Termination and Reduction of Commitments. (a) Unless previously terminated, the U.S. Revolving Facility Commitments and the Global Revolving Facility Commitments shall terminate on the Revolving Credit Maturity Date.

(b) The U.S. Borrower (on behalf of itself and all Foreign Subsidiary Borrowers) may at any time terminate, or from time to time reduce, the Revolving Credit Commitments; provided that (i) each reduction of the Commitments under any Facility shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 (or, if less, the remaining amount of the Revolving Credit Commitments), and (ii) the U.S. Borrower shall not terminate or reduce the Revolving Credit Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.11, (x) the Global Revolving Facility Credit Exposure plus the total Ancillary Facility Commitments would exceed the total Global Revolving Facility Commitments (less any amounts of Available Unused Commitments in respect of any Defaulting Lenders) or (y) the U.S. Revolving Facility Credit Exposure would exceed the total U.S. Revolving Facility Commitments (less the unused U.S. Revolving Facility Commitments of any Defaulting U.S. Revolving Facility Lenders).

(c) The U.S. Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving Credit Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by the U.S. Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Revolving Credit Commitments delivered by the U.S. Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the U.S. Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments under any Facility shall be made ratably among the Lenders in accordance with their respective Commitments under such Facility. Notwithstanding the foregoing, any notice delivered to the Administrative Agent pursuant to this Section 2.08(c) shall specify the aggregate amount of Commitments of each Facility being so reduced.

SECTION 2.09. Repayment of Loans; Evidence of Debt. (a) The U.S. Borrower hereby unconditionally promises to pay (i) to the Applicable Agent for the account of each U.S. Revolving Facility Lender the then unpaid principal amount of each U.S. Revolving Facility Loan made by such Lender to the U.S. Borrower on the Revolving Credit Maturity Date, (ii) to the Applicable Agent for the account of each Global Revolving Facility Lender the then unpaid principal amount of each Global Revolving Facility Loan made by such Lender to the U.S. Borrower on the Revolving Credit Maturity Date, (v) to the Applicable Agent for the account of each Lender the then unpaid principal amount of each Term Loan made by such Lender as provided in the applicable Incremental Facility Amendment and (vi) to each Swingline Dollar Lender the then unpaid principal amount of each Swingline Dollar Loan made by such Lender to the U.S. Borrower on the earlier of (A) the Revolving Credit Maturity Date and (B) the first date after such Swingline Dollar Loan is made that is the 15th or last day of a calendar month and is at least five Business Days after such Swingline Dollar Loan is made; provided that on each date that a U.S. Revolving Facility Borrowing is made by the U.S. Borrower, the U.S. Borrower shall repay all Swingline Dollar Loans then outstanding. Each Foreign Subsidiary Borrower hereby unconditionally promises to pay (1) to the Applicable Agent for the account of each Global Revolving Facility Lender the then unpaid principal amount of each Global Revolving Facility Loan made by such Lender to such Foreign Subsidiary Borrower on the Revolving Credit Maturity Date, (2) to the Applicable Agent for the account of each Global Revolving Facility Lender the then unpaid principal amount of each Global Revolving Facility Loan made by such Lender to such Foreign Subsidiary Borrower on the Revolving Credit Maturity Date and (3) to each Swingline Foreign Currency Lender the then unpaid principal amount of each Swingline Foreign Currency Loan made by such Lender to such Foreign Subsidiary Borrower on the earlier of (I) the Revolving Credit Maturity Date and (II) the last day of the Interest Period applicable to such Swingline Foreign Currency Loan.

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

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

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

(e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the applicable Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Applicable Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns).

SECTION 2.10. Repayment of Revolving Loans. Prior to any repayment of any Borrowing under any Facility hereunder, the U.S. Borrower or the applicable Foreign Subsidiary Borrower, as applicable, shall select the Borrowing or Borrowings under the applicable Facility to be repaid and shall notify the Applicable Agent by telephone (confirmed by telecopy) of such selection not later than 2:00 p.m., Local Time, (a) in the case of an ABR Borrowing, one Business Day before the scheduled date of such repayment and (b) in the case of a Eurocurrency Borrowing, three Business Days before the scheduled date of such repayment. Each repayment of a Borrowing (i) in the case of the Global Revolving Facility, shall be applied to the Global Revolving Facility Loans included in the repaid Borrowing such that each Global Revolving Facility Lender receives its ratable share of such repayment (based upon the respective Global Revolving Facility Credit Exposures of the Global Revolving Facility Lenders at the time of such repayment) and (ii) in all other cases, shall be applied ratably to the Loans included in the repaid Borrowing. Notwithstanding anything to the contrary in the immediately preceding sentence, prior to any repayment of a Swingline Dollar Borrowing or a Swingline Foreign Currency Borrowing hereunder, the U.S. Borrower or the applicable Foreign Subsidiary Borrower, as applicable, shall select the Borrowing or Borrowings to be repaid and shall notify the Applicable Agent by telephone (confirmed by telecopy) of such selection not later than 1:00 p.m., Local Time, on the scheduled date of such repayment. Repayments of Borrowings shall be accompanied by accrued interest on the amount repaid.

SECTION 2.11. Prepayment of Loans. (a) The applicable Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty (subject to Section 2.16), in an aggregate principal amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum or, if less, the amount outstanding, subject to prior notice in accordance with Section 2.10, which notice shall be irrevocable except to the extent conditioned on a refinancing of all or any portion of the Facilities.

(b) In the event and on such occasion that (i)(A) the sum of (1) the Global Revolving Facility Credit Exposure and (2) the total Ancillary Commitments exceeds (B) (x) 105% of the total Global Revolving Facility Commitments solely as a result of currency fluctuations or (y) the total Global Revolving Facility Commitments (other than as a result of currency fluctuations), the Borrowers under the Global Revolving Facility shall prepay Global Revolving Facility Borrowings or Swingline Foreign Currency Borrowings made to such Borrowers, or reduce total Ancillary Commitments, in an aggregate amount equal to the amount by which (A) the sum of (1) the Global Revolving Facility Credit Exposure and (2) the total Ancillary Commitments exceeds (B) the total Global Revolving Facility Commitments or (ii) the U.S. Revolving Facility Credit Exposure exceeds (A) 105% of the total U.S. Revolving Facility Commitments solely as a result of currency fluctuations or (B) the total U.S. Revolving Facility Commitments (other than as a result of currency fluctuations), the U.S. Borrower shall prepay U.S. Revolving Facility Borrowings or Swingline Dollar Borrowings (or, if no such Borrowings are outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.05(j) in an aggregate amount equal to the amount by which the U.S. Revolving Facility Credit Exposure exceeds the total U.S. Revolving Facility Commitments.

SECTION 2.12. Fees. (a) The U.S. Borrower (on behalf of itself and the Foreign Subsidiary Borrowers) agrees to pay to each Lender (other than any Defaulting Lender), 10 Business Days after the last day of March, June, September and December in each year, and three Business Days after the date on which all the Revolving Credit Commitments of such Lender shall be terminated as provided herein, (x) through the Administrative Agent, a commitment fee on the sum of (i) the daily unused amount of the U.S. Revolving Facility Commitment of such Lender and (ii) the daily amount of the Available Unused Commitment of such Lender, in each case during the preceding quarter (or other period commencing with the Closing Date or ending with the date on which the last of the Commitments of such Lender shall be terminated) and (y) directly to each Ancillary Lender, a commitment fee on the daily unused amount of the Ancillary Commitment of such Lender during the preceding quarter (or other period commencing with the Closing Date or ending with the date on which the last of the Commitments of such Lender shall be terminated), in each case at the rates set forth under the caption “Commitment Fee Rate” in the definition of “Applicable Margin” (each of the commitment fees referred to in clauses (x) and (y), a “Commitment Fee”). All

Commitment Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. For the purpose of calculating any Lender’s Commitment Fee, the outstanding Swingline Loans during the period for which such Lender’s Commitment Fee is calculated shall be deemed to be zero. The Commitment Fee due to each Lender shall commence to accrue on the Restatement Effective Date and shall cease to accrue on the date on which the last of the Revolving Credit Commitments of such Lender shall be terminated as provided herein.

(b) The U.S. Borrower (on behalf of itself and the Foreign Subsidiary Borrowers) from time to time agrees to pay (i) to each U.S. Revolving Facility Lender (other than any Defaulting Lender), through the Administrative Agent, 10 Business Days after the last day of March, June, September and December of each year and three Business Days after the Revolving Credit Maturity Date or the date on which the U.S. Revolving Credit Commitments of such Lender shall be terminated as provided herein, a fee (an “L/C Participation Fee”) on such Lender’s U.S. Revolving Facility Percentage of the daily aggregate Revolving L/C Exposure (excluding the portion thereof attributable to unreimbursed L/C Disbursements), during the preceding quarter (or shorter period commencing with the Closing Date or ending with the Revolving Credit Maturity Date or the date on which the U.S. Revolving Facility Commitments of such Lender shall be terminated) at the rate per annum equal to the Applicable Margin for Eurocurrency Revolving Loans effective for each day in such period minus the amount of Issuing Bank Fees (as defined below) set forth in clause (ii)(x) below and (ii) to each Issuing Bank, for its own account, (x) five Business Days after the last day of March, June, September and December of each year and three Business Days after the date on which the U.S. Revolving Facility Commitments of all the Lenders shall be terminated as provided herein, a fronting fee in respect of each Letter of Credit issued by such Issuing Bank for the period from and including the date of issuance of such Letter of Credit to and including the termination of such Letter of Credit, computed at a rate equal to ¹/₄ of 1% per annum of the daily average stated amount of such Letter of Credit), plus (y) in connection with the issuance, amendment or transfer of any such Letter of Credit or any L/C Disbursement thereunder, such Issuing Bank’s customary documentary and processing charges (collectively, “Issuing Bank Fees”). All L/C Participation Fees and Issuing Bank Fees that are payable on a per annum basis shall be computed on the basis of the actual number of days elapsed in a year of 360 days.

(c) The U.S. Borrower agrees to pay to the Administrative Agent, for the account of the Administrative Agent, the annual administration fee set forth in the Administrative Agent Fee Letter dated as of September 7, 2012, among JPMorgan Chase Bank, N.A., X.X. Xxxxxx Securities LLC and the U.S. Borrower, as amended, restated, supplemented or otherwise modified from time to time (such letter, the “Administrative Agent Fee Letter”), at the times specified therein (the “Administrative Agent Fees”).

(d) All Fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, if and as appropriate, among the Lenders, except that Issuing Bank Fees shall be paid directly to the applicable Issuing Banks. Once paid, none of the Fees shall be refundable under any circumstances.

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

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

(c) The Swingline Foreign Currency Loans comprising each Swingline Foreign Currency Borrowing shall bear interest at the Swingline Foreign Currency Rate plus 1.50% per annum plus the Applicable Margin then in effect for Eurocurrency Revolving Loans.

(d) Notwithstanding the foregoing, if any principal of or interest on any Loan or any Fees or other amount payable by the applicable Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount (x) payable in Dollars, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section or (y) payable in a Foreign Currency, the rate set forth in clause (i) of this sentence; provided that this paragraph (d) shall not apply to any Event of Default that has been waived by the Lenders pursuant to Section 9.08.

(e) Accrued interest on each Loan shall be payable in arrears (i) on each Interest Payment Date for such Loan and (ii)(A) in the case of the Global Revolving Facility Loans, upon termination of the Global Revolving Facility Commitments and (B) in the case of the U.S. Revolving Facility Loans, upon termination of the U.S. Revolving Facility Commitments, in each case at the rate set forth for such Loans herein; provided that (x) interest accrued pursuant to paragraph (d) of this Section shall be payable on demand, (y) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (z) in the event of any conversion of any Eurocurrency Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

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

SECTION 2.14. Alternate Rate of Interest. If prior to the commencement of any Interest Period for a Eurocurrency Borrowing denominated in any currency:

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

(b) the Applicable Agent is advised by the Required Lenders or the Majority Lenders under the Global Revolving Facility that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period;

then the Applicable Agent shall give notice thereof to the Borrowers and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Applicable Agent notifies the Borrowers and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing denominated in such currency shall be ineffective and such Borrowing shall be converted to or continued as on the last day of the Interest Period applicable thereto (A) if such Borrowing is denominated in Dollars and funded out of a U.S. Lending Office, an ABR Borrowing or (B) if such Borrowing is denominated in a Foreign Currency or is denominated in Dollars and funded out of a Global Lending Office, as a Borrowing bearing interest at such rate as the Majority Lenders under the Global Revolving Facility and the applicable Borrower shall agree adequately reflects the costs to the Global Revolving Facility Lenders of making or maintaining their Loans, and (ii) if any Borrowing Request requests a Eurocurrency Borrowing in such currency, such Borrowing shall be made as an ABR Borrowing (if such Borrowing is requested to be made in Dollars out of a U.S. Lending Office) or shall be made as a Borrowing bearing interest at such rate as the Majority Lenders under the Global Revolving Facility shall agree adequately reflects the costs to the Global Revolving Facility Lenders of making the Loans comprising such Borrowing.

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

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate or those for which payment has been requested pursuant to Section 2.21) or Issuing Bank; or

(ii) impose on any Lender or Issuing Bank or the London interbank market any other condition affecting this Agreement, Eurocurrency Loans or Swingline Foreign Currency Loans made by such Lender or any Letter of Credit or participation therein (except those for which payment has been requested pursuant to Section 2.21);

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

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

(c) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its holding company, as applicable, as specified in paragraph (a) or (b) of this Section shall be delivered to the applicable Borrower (in the case of a Loan) or the U.S. Borrower (in the case of a Letter of Credit) and shall be conclusive absent manifest error. The applicable Borrower (in the case of a Loan) or the U.S. Borrower (in the case of a Letter of Credit) shall pay such Lender or Issuing Bank, as applicable, the amount shown as due on any such certificate within 10 days after receipt thereof.

(d) Promptly after any Lender or any Issuing Bank has determined that it will make a request for increased compensation pursuant to this Section 2.15, such Lender or Issuing Bank shall notify the applicable Borrower thereof. Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that a Borrower shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank, as applicable, notifies such Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided, further, that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any principal of any Eurocurrency Loan or Swingline Foreign Currency Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurocurrency Loan on the date specified in any notice delivered pursuant hereto or (d) the assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request by a Borrower pursuant to Section 2.19, then, in any such event, such Borrower shall compensate each Lender for the loss, cost and expense to such Lender attributable to such event. In the case of a Eurocurrency Loan or Swingline Foreign Currency Loan, such loss, cost or expense to any Lender shall be deemed to be the amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue a Eurocurrency Loan, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for deposits in the applicable Currency of a comparable amount and period from other banks in the eurodollar market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to such Borrower and shall be conclusive absent manifest error. Such Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof.

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

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

(c) Each Borrower shall indemnify the Agents, each Lender and each Issuing Bank, within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by such Agent, Lender or Issuing Bank, as applicable, on or with respect to any payment by or on account of any obligation of such

Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to such Borrower by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf, on behalf of another Agent or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error.

(d) Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrowers have not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrowers to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(c) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (d).

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

(f) (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax under the law of the jurisdiction in which a Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver to such Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law or reasonably requested by such Borrower as will permit such payments to be made without withholding or at a reduced rate. In addition, any Lender, if reasonably requested by such Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by such Borrower or the Administrative Agent as will enable such Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.17(f)(ii)(A),

(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

(ii) Without limiting the generality of the foregoing, with respect to the U.S. Borrower,

(A) any Lender that is a “United States Person” as defined in Section 7701(a)(30) of the Code shall deliver to the U.S. Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the U.S. Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;

(B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the U.S. Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the U.S. Borrower or the Administrative Agent), whichever of the following is applicable:

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

(2) executed originals of IRS Form W-8ECI;

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit Q-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN; or

(4) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate

substantially in the form of Exhibit Q-2 or Exhibit Q-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit Q-4 on behalf of each such direct and indirect partner;

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the U.S. Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the U.S. Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and

(D) if a payment made to a Lender under any this Agreement would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the U.S. Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the U.S. Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the U.S. Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the U.S. Borrower and the Administrative Agent in writing of its legal inability to do so.

(g) If an Agent or a Lender determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by a Borrower or with respect to which such Borrower has paid additional amounts pursuant to this Section 2.17, it shall pay over such refund to such Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower under this Section 2.17 with respect to the Taxes or Other Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses of such Agent or such Lender and without interest

(other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that such Borrower, upon the request of such Agent or such Lender, agrees to repay the amount paid over to such Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Agent or such Lender in the event such Agent or such Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require any Agent or any Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Borrowers or any other person.

(h) For purposes of this Section 2.17, the term “applicable law” includes FATCA.

SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Unless otherwise specified, each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of L/C Disbursements, or of amounts payable under Section 2.15, 2.16, 2.17 or 2.21, or otherwise) prior to 1:00 p.m., Local Time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Applicable Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Applicable Agent to the applicable account designated to the U.S. Borrower by each Applicable Agent, except payments to be made directly to the applicable Issuing Bank or the applicable Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17, 2.21 and 9.05 shall be made directly to the persons entitled thereto. The Applicable Agent shall distribute any such payments received by it for the account of any other person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder of (i) principal or interest in respect of any Loan shall be made in the currency in which such Loan is denominated, (ii) reimbursement obligations shall, subject to Sections 2.05(e) and 2.05(k), be made in the currency in which the Letter of Credit in respect of which such reimbursement obligation exists is denominated or (iii) any other amount due hereunder or under another Loan Document (other than an Ancillary Facility Document) shall be made in Dollars. Any payment required to be made by an Applicable Agent hereunder shall be deemed to have been made by the time required if such Applicable Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating procedures of the clearing or settlement system used by such Applicable Agent to make such payment. Any amount payable by any Applicable Agent to one or more Lenders in the national currency of a member state of the European Union that has adopted the Euro as its lawful currency shall be paid in Euros.

(b) If at any time insufficient funds are received by and available to the Applicable Agent from any Borrower to pay fully all amounts of principal, unreimbursed L/C Disbursements, interest and fees then due from such Borrower hereunder, such funds

shall be applied (i) first, towards payment of interest and fees then due from such Borrower hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed L/C Disbursements then due from such Borrower hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed L/C Disbursements then due to such parties.

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

(d) Unless the Applicable Agent shall have received notice from a Borrower prior to the date on which any payment is due to the Applicable Agent for the account of the Lenders or the applicable Issuing Bank hereunder that such Borrower will not make such payment, the Applicable Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the applicable Issuing Bank, as applicable, the amount due. In such event, if such Borrower has not in fact made such payment, then each of the Lenders or the applicable Issuing Bank, as applicable, severally agrees to repay to the Applicable Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at (i) the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation (in the case of an amount denominated in Dollars) and (ii) the rate reasonably determined by the Applicable Agent to be the cost to it of funding such amount (in the case of an amount denominated in a Foreign Currency).

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

SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.15 or 2.21, or if a Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15, 2.17 or 2.21, as applicable, in the future and (ii) would not subject such Lender to any material unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender in any material respect. Each Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

(b) If any Lender requests compensation under Section 2.15 or 2.21, or if a Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, or is a Defaulting Lender, then such Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) such Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in L/C Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or such Borrower (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or 2.21 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments. Nothing in this Section 2.19 shall be deemed to prejudice any rights that any Borrower may have against any Lender that is a Defaulting Lender.

(c) In connection with any proposed waiver, amendment or modification of this Agreement or any Loan Document pursuant to Section 9.08(b) (a “Proposed Change”) requiring the consent of all affected Lenders, if the consent of the Required Lenders (and, to the extent any Proposed Change requires the consent of Lenders holding Loans of any Facility pursuant to clause (vii) or (viii) of Section 9.08(b), the consent of the Majority Lenders participating in such Facility) to such Proposed Change is obtained, but the consent to such Proposed Change of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in this Section 2.19(c) being referred to as a “Non-Consenting Lender”), then the U.S. Borrower may, at its sole expense and effort, upon notice to such Non-Consenting Lender and the Administrative Agent, require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the U.S. Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Non-Consenting Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in L/C Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the U.S. Borrower (in the case of all other amounts, including amounts under Sections 2.15, 2.16 and 2.17) and (iii) the assignee shall have given its consent to such Proposed Change and, as a result of such assignment and delegation and any contemporaneous assignments and delegations and consents, such Proposed Change can be effected.

SECTION 2.20. Foreign Subsidiary Borrowers. On or after the Closing Date, the U.S. Borrower may, upon 10 Business Days prior notice to the Administrative Agent and each Lender, designate any Foreign Subsidiary that is a Wholly Owned Subsidiary as a Foreign Subsidiary Borrower by delivery to the Administrative Agent of a Foreign Subsidiary Borrower Agreement executed by such Foreign Subsidiary and the U.S. Borrower; provided that the Administrative Agent shall be satisfied that each applicable Lender may make loans and other extensions of credit to such Foreign Subsidiary in such Foreign Subsidiary’s jurisdiction in compliance with applicable laws and regulations and without being subject to any unreimbursed or unindemnified Tax or other expense. Each such designation shall specify whether such Foreign Subsidiary shall be entitled (i) to make Borrowings under the Global Revolving Facility and request Letters of Credit under the U.S. Revolving Facility and/or (ii) to request the creation of Ancillary Facilities under Section 2.22, and each such designation shall be subject to the consent of the Administrative Agent (which consent shall not unreasonably be withheld); provided that Foreign Subsidiaries organized under the laws of Poland may only be designated as Foreign Subsidiary Borrowers under clause (ii) above (which designation shall be subject to the limitations set forth on Schedule 1.01(f)). Following any notice by the U.S. Borrower of the designation of a Foreign Subsidiary Borrower pursuant to this Section, if the Administrative Agent or any Lender determines that it is required to comply with any “know your customer” or similar identification procedures with respect to such Foreign Subsidiary Borrower and the information necessary for such compliance

is not already available to the Administrative Agent or such Lender, as applicable, then the U.S. Borrower shall, promptly upon the request of the Administrative Agent or such Lender, as applicable, supply such documentation and other evidence as is reasonably requested by the Administrative Agent or such Lender in order for the Administrative Agent or such Lender, as applicable, to be satisfied that it has complied with such requirements. Upon the execution by the U.S. Borrower and delivery to the Administrative Agent of a Foreign Subsidiary Borrower Termination with respect to any Foreign Subsidiary Borrower, such Foreign Subsidiary shall cease to be a Foreign Subsidiary Borrower and a party to this Agreement; provided that no Foreign Subsidiary Borrower Termination will become effective as to any Foreign Subsidiary Borrower (other than to terminate such Foreign Subsidiary Borrower’s right to make further Borrowings under this Agreement) at a time when any principal of or interest on any Loan to such Foreign Subsidiary Borrower or any Foreign Currency Letter of Credit for the account of such Foreign Subsidiary Borrower shall be outstanding hereunder or any Ancillary Facility under which Ancillary Credit Extensions may be made available to such Foreign Subsidiary Borrower has not been previously terminated. Promptly following receipt of any Foreign Subsidiary Borrower Agreement or Foreign Subsidiary Borrower Termination, the Administrative Agent shall send a copy thereof to each Revolving Credit Lender. The U.S. Borrower shall be entitled to designate any Foreign Subsidiary that is a Wholly Owned Subsidiary as a Foreign Subsidiary Borrower; provided that unless such Foreign Subsidiary is a Foreign Subsidiary Loan Party and is in compliance with the requirements described in Section 5.10(f), such Foreign Subsidiary shall be permitted to be a Foreign Subsidiary Borrower solely for purposes of obtaining an Unsecured Ancillary Facility and shall not be permitted to make any other Borrowings hereunder.

SECTION 2.21. Additional Reserve Costs. (a) For so long as any Lender is required to make special deposits with the Bank of England or comply with reserve assets, liquidity, cash margin or other requirements of the Bank of England, to maintain reserve asset ratios or to pay fees, in each case in respect of such Lender’s Eurocurrency Loans or Swingline Foreign Currency Loans, such Lender shall be entitled to require the applicable Borrower to pay, contemporaneously with each payment of interest on each of such Loans, additional interest on such Loan at a rate per annum equal to the Mandatory Costs Rate (as defined in Exhibit L hereto) calculated in accordance with the formula and in the manner set forth in Exhibit L hereto.

(b) For so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Statutory Reserves or the Mandatory Costs Rate) in respect of any of such Lender’s Eurocurrency Loans Swingline Foreign Currency Loans, such Lender shall be entitled to require the applicable Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan.

(c) Any additional interest owed pursuant to paragraph (a) or (b) above shall be determined by the applicable Lender, which determination shall be conclusive absent manifest error, and notified to the applicable Borrower (with a copy to the Administrative Agent) at least five Business Days before each date on which interest is payable for the applicable Loan, and such additional interest so notified to the applicable Borrower by such Lender shall be payable to the Administrative Agent for the account of such Lender on each date on which interest is payable for such Loan.

SECTION 2.22. Ancillary Facilities. (a) General. If a Foreign Subsidiary Borrower and a Global Revolving Facility Lender agree, subject to (i) compliance with the requirements set forth in this Section 2.22 and (ii) such Foreign Subsidiary Borrower having complied with Sections 2.20 and 4.03, such Global Revolving Facility Lender shall be permitted to provide an Ancillary Facility on a bilateral basis to such Foreign Subsidiary Borrower. The total Ancillary Commitments shall not at any time exceed the Ancillary Commitment Limit. Ancillary Facilities may be provided solely by Global Revolving Facility Lenders that have Global Revolving Facility Commitments.

(b) Creation of Ancillary Facilities. To request the creation of an Ancillary Facility, a Foreign Subsidiary Borrower shall deliver to the Administrative Agent not later than 10 Business Days prior to the first date on which such Ancillary Facility is proposed to be made available:

(i) a notice in writing specifying:

(A) the Foreign Subsidiary Borrower to which extensions of credit will be made available thereunder;

(B) the first date on which such Ancillary Facility shall be made available and the expiration date of such Ancillary Facility (which shall be no later than the Revolving Credit Maturity Date);

(D) the identity of the Ancillary Lender; and

(E) the amount of the Ancillary Commitment with respect to such Ancillary Facility (which shall be expressed in Dollars and shall not (x) exceed the Available Unused Commitment of such Ancillary Lender immediately prior to the first date on which such Ancillary Facility shall be made available or (y) when combined with all Ancillary Commitments of the Ancillary Lenders, exceed the Ancillary Commitment Limit) and the Foreign Currencies in which such Ancillary Facilities shall be made available.

(ii) a copy of the Ancillary Facility Document with respect to such Ancillary Facility (which shall be reasonably acceptable to the Administrative Agent), together with a certificate of a Responsible Officer certifying that the terms of such Ancillary Facility satisfy the requirements set forth in clauses (i)(B) and (i)(E) above and in paragraph (d) of this Section; and

(iii) such other information that the Administrative Agent may reasonably request in connection with such Ancillary Facility.

The Administrative Agent shall give notice to each Global Revolving Facility Lender of such matters.

(c) Amendment of Ancillary Facilities. To request an amendment of an Ancillary Facility, the applicable Foreign Subsidiary Borrower shall deliver to the Administrative Agent, not later than five Business Days prior to the effective date of such amendment, (i) a notice in writing (A) identifying the Ancillary Facility to be amended, (B) the effective date of such proposed amendment and (C) the documentation relating to such proposed amendment (which shall be reasonably satisfactory to the Administrative Agent) and (ii) a certificate of a Responsible Officer certifying that the terms of such Ancillary Facility, after giving effect to such proposed amendment, satisfy the requirements set forth in clauses (i)(B) and (i)(E) of paragraph (b) of this Section and in paragraph (d) of this Section. The Administrative Agent shall give notice to each Global Revolving Facility Lender of such matters.

(d) Terms of Ancillary Facility. Each Ancillary Facility shall contain terms and conditions acceptable to the applicable Ancillary Lender and the applicable Foreign Subsidiary Borrower thereunder; provided that such terms shall at all times: (i) be based upon normal commercial terms at the time of the creation of such Ancillary Facility pursuant to paragraph (b) of this Section; (ii) permit extensions of credit thereunder to be made only to such Foreign Subsidiary Borrower; (iii) provide that the Ancillary Commitment of the applicable Ancillary Lender under such Ancillary Facility shall not exceed such Ancillary Lender’s Available Unused Commitment (determined without deduction for such Ancillary Commitment) and that, in the event and on such occasion that such Ancillary Commitment exceeds such Available Unused Commitment, such Ancillary Commitment shall be automatically reduced by the amount of such excess; (iv) provide that the Ancillary Commitment under such Ancillary Facility be canceled, and that all extensions of credit under such Ancillary Facility be repaid, not later than the Revolving Credit Maturity Date; (v) provide that the conditions set forth in Section 4.02 shall be conditions to each extension of credit under such Ancillary Facility; and (vi) not provide for the payment of commitment fees in respect of the Ancillary Commitment for such Ancillary Facility.

(e) Termination and Demand for Repayment.

(i) Any Ancillary Facility shall be permitted to be terminated by the applicable Ancillary Lender in accordance with the terms of such Ancillary Facility and, upon the effective date of such termination (an “Ancillary Facility Termination Date”), all Ancillary Credit Extensions under such Ancillary Facility shall be refinanced with the proceeds of an Ancillary Replacement Borrowing as set forth below, unless the Loans shall have been accelerated pursuant to Section 7.01.

(ii) Notwithstanding anything to the contrary set forth in the Ancillary Facility Document relating to the Ancillary Facility to be terminated, the Ancillary Lender seeking to terminate an Ancillary Facility shall deliver to the Applicable Agent, with a copy to the applicable Foreign Subsidiary Borrower, a written notice of termination (a “Notice of Termination”) not later than five Business Days prior to the Ancillary Facility Termination Date specified in such Notice of Termination for such Ancillary Facility. Each such Notice of Termination shall specify:

(A) the names of the applicable Foreign Subsidiary Borrower and Ancillary Lender;

(B) the aggregate amount of Ancillary Credit Extensions under the applicable Ancillary Facility (which shall not exceed the Ancillary Commitment in respect of such Ancillary Facility) (the “Ancillary Facility Repayment Amount”); and

(iii) Following receipt of a Notice of Termination with respect to an Ancillary Facility, the applicable Foreign Subsidiary Borrower shall deliver to the Applicable Agent a written notice not later than 2:00 p.m., Local Time, three Business Days prior to the Ancillary Facility Termination Date with respect to such Ancillary Facility, which notice shall specify the following information relating to an Ancillary Replacement Borrowing:

(A) the name of the Eligible Borrower that shall make such Ancillary Replacement Borrowing;

(B) the currency in which such Ancillary Replacement Borrowing is to be denominated (which shall be Dollars, Euros or Sterling);

(C) the initial Interest Period to be applicable to such Ancillary Replacement Borrowing, which shall be a period contemplated by clause (a) of the definition of the term “Interest Period”; and

(D) the location and number of the applicable Eligible Borrower’s account to which funds are to be disbursed.

(iv) On the Ancillary Facility Termination Date for an Ancillary Facility, the Global Revolving Facility Lenders shall make Loans composing an Ancillary Replacement Borrowing in an aggregate principal amount equal to the Ancillary Facility Repayment Amount in accordance with Sections 2.02 and 2.06.

(v) The Eligible Borrower to which such Ancillary Replacement Borrowing is made shall use the proceeds of such Ancillary Replacement Borrowing solely (A) to repay to the applicable Ancillary Lender all Funded Ancillary Credit Extensions under such terminated Ancillary Facility and (B) to deposit cash collateral with such Ancillary Lender in respect of all Unfunded Ancillary Credit Extensions under such terminated Ancillary Facility. Each deposit of cash collateral pursuant to this paragraph shall be held by the applicable Global Revolving Facility Lender as collateral for the payment and performance of the obligations of the applicable Foreign Subsidiary Borrower in respect of Unfunded Ancillary Credit Extensions under such terminated Ancillary Facility. Such Global Revolving Facility Lender shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account; provided that, on the CAM Exchange Date, the Administrative Agent shall assume exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of (x) for so long as an Event of Default shall be continuing, the applicable Global Revolving Facility Lender and (y) at any other time, the applicable Eligible Borrower, in each case, in Permitted Investments and at the risk and expense of such Eligible Borrower, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the applicable Global Revolving Facility Lender to offset amounts payable in respect of Unfunded Ancillary Credit Extensions made under such terminated Ancillary Facility. In the event that after the Ancillary Facility Termination Date for an Ancillary Facility but prior to the CAM Exchange Date, an Unfunded Ancillary Credit Extension made under such terminated Ancillary Facility shall expire without requiring payment, the portion of the cash collateral deposited hereunder with respect to such expired Unfunded Ancillary Credit Extension shall be distributed to the applicable Eligible Borrower.

(f) Cancelation by Foreign Subsidiary Borrower. The Foreign Subsidiary Borrower to which an Ancillary Facility has been made available shall be permitted at any time to request the cancelation of all or a portion of such Ancillary Facility by delivery of a notice in writing to the Administrative Agent and the applicable Ancillary Lender, specifying the Ancillary Facility to be canceled and the proposed cancelation date. Such notice shall be delivered not less than five Business Days prior to the proposed cancelation date. Such cancelation shall be effective as of the proposed cancelation date unless the Ancillary Facility Exposure under such Ancillary Facility has not been reduced to zero as of such date.

(g) Additional Information. Each Ancillary Lender shall report in writing to the Administrative Agent and the U.S. Borrower on the first Business Day of each fiscal quarter (i) the Ancillary Facility Exposure for each day during the preceding fiscal quarter for each Ancillary Facility under which it is an Ancillary Lender and (ii) the portion (expressed in Dollars) of its Ancillary Commitment that was unused on each day during the preceding fiscal quarter for each Ancillary Facility under which it is an Ancillary Lender. In addition, each Foreign Subsidiary Borrower to which an Ancillary Facility has been made available and each Ancillary Lender shall, upon request by the Administrative Agent or U.S. Borrower, promptly supply the Administrative Agent or U.S. Borrower, as applicable, with any information relating to the operation of such Ancillary Facility (including the Ancillary Facility Exposure) as the Administrative Agent or U.S. Borrower, as applicable, may reasonably request.

(h) Conflict with Loan Documents. In the event of any conflict between the terms of an Ancillary Facility Document and any other Loan Document (other than an Ancillary Facility Document), the terms of such other Loan Document shall govern.

(i) Termination and Expiration of Ancillary Commitments. On each date on which an Ancillary Facility expires, is terminated or is canceled (in whole or in part), the Available Unused Commitment of the Ancillary Lender under such Ancillary Facility shall be increased by an amount equal to the portion of such Ancillary Facility that has expired or been canceled, unless the Global Revolving Facility Commitments shall have been previously terminated.

(j) Effect of Restatement of Existing Credit Agreement. Each Existing Ancillary Facility that is outstanding as of the Restatement Effective Date shall remain outstanding hereunder under the terms hereof.

SECTION 2.23. Incremental Extensions of Credit. (a) At any time after the Restatement Effective Date, subject to the terms and conditions set forth herein, the Borrowers may from time to time, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy of such notice to each of the Lenders), request to add one or more tranches of term loans (the “Incremental Term Loans”) or one or more increases in the aggregate amount of the Revolving Credit Commitments (each such increase, a “Revolving Commitment Increase” and, together with the Incremental Term Loans, the “Incremental Extensions of Credit”), in an aggregate amount not to exceed the Incremental Amount in effect at such time and in minimum Dollar Equivalent principal amounts of $50,000,000 (or such lesser amount equal to the Incremental Amount at such time); provided that immediately prior to and after giving effect to any Incremental Facility Amendment (as defined below), (a) no Default or Event of Default has occurred and is continuing or shall result therefrom, (b) on a Pro Forma Basis (assuming that the full amount of such Incremental Extensions of Credit shall have been fully funded as Loans on such date), as of the last day of the most recently ended fiscal quarter of the U.S. Borrower for which financial statements have been delivered pursuant to Section 5.04, the U.S. Borrower and the Subsidiaries shall be in compliance with the Financial Performance Covenants as in effect at such time and (c) the U.S. Borrower shall have delivered a certificate of a Financial Officer to the effect set forth in clauses (a) and (b) above, together with reasonably detailed calculations demonstrating compliance with clause (b) above.

(b) The Revolving Commitment Increases (and the Loans and other extensions of credit to be made thereunder) shall have terms that are identical to those of the U.S. Revolving Credit Commitments or the Global Revolving Credit Commitments, as applicable. The Incremental Term Loans (i) shall rank pari passu or junior in right of payment and right of security in respect of the Collateral with the Loans, (ii) other than amortization, pricing and maturity date, shall have terms substantially similar to those with respect to (A) in the case of Incremental Extensions of Credit in the form of a tranche A facility (“Tranche A Incremental Term Loans”), any previously established Tranche A Incremental Term Loans and (B) in the case of Incremental Extensions of Credit in the form of a tranche B facility (“Tranche B Incremental Term Loans”), any previously established Tranche B Incremental Term Loans, in each case as in effect immediately prior to the effectiveness of the applicable Incremental Facility Amendment; provided that (w) in the event that the Applicable Margin (which, for such purposes only, shall be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing such Incremental Term Loans and any applicable interest rate “floors”) relating to any Incremental Term Loans made within 24 months after the first establishment of Incremental Term Loans hereunder after the Restatement Effective Date, and after the aggregate principal amount of Incremental Extensions of Credit made hereunder exceeds (or that would cause the aggregate principal amount of Incremental Extensions of Credit made hereunder to exceed) $150,000,000, exceeds the Applicable Margin relating to (1) in the case of any Tranche A Incremental Term Loans, any previously established Class of Tranche A Incremental Term Loans and (2) in the case of any Tranche B Incremental Term Loans, any previously established Class of Tranche B Incremental Term Loans, in each case as in effect immediately prior to the effectiveness of the applicable Incremental Facility Amendment, by more than 0.50%, the Applicable Margin relating to (I) in the case of any Tranche A Incremental Term Loans, any previously established Class of Tranche A Incremental Term Loans and (II) in the case of any Tranche B Incremental Term Loans, any previously established Class of Tranche B Incremental Term Loans, shall be adjusted to be equal to the Applicable Margin (which, for such purposes only, shall be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing such Incremental Extensions of Credit and any applicable interest rate “floors”) relating to such Incremental Extensions of Credit minus 0.50%, (x) Incremental Term Loans shall not have a final maturity date earlier than (1) the Latest Maturity Date with respect to any Class of Incremental Term Loans in effect on the applicable Incremental Facility Closing Date and (2) 180 days after the Latest Maturity Date with respect to the Revolving Credit Commitments in effect on the applicable Incremental Facility Closing Date, (y) the Incremental Term Loans shall not have a weighted average life that is shorter than that of the then-remaining weighted average life of the latest maturing Tranche B Incremental Term Loans outstanding on the applicable Incremental Facility Closing Date and (z) Incremental Term Loans may be funded in Dollars or any Foreign Currency (as agreed by the Lenders under the applicable Incremental Facility Amendment).

(c) Any Person that elects to extend Incremental Extensions of Credit shall be reasonably satisfactory to the applicable Borrower and the Administrative Agent and, in the case of a Revolving Commitment Increase, the applicable Swingline Lender and, if applicable, the Issuing Bank (any such Person being called an “Additional Lender”), and shall become a Lender under this Agreement, pursuant to an amendment (an “Incremental Facility Amendment”) to this Agreement, giving effect to the modifications permitted by this Section 2.23, and, as appropriate, the other Loan Documents, executed by the applicable Borrower, each Additional Lender and the Administrative Agent. No existing Lender shall have any obligation to extend any Incremental Extension of Credit unless it shall so agree. Commitments in respect of Incremental Extensions of Credit shall be Commitments (or in the case of any Revolving Commitment Increase to be provided by an existing Revolving Credit Lender, an increase in such Revolving Credit Lender’s Revolving Credit Commitment under the applicable Facility) under this Agreement. An Incremental Facility Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.23 (including, for the avoidance of doubt, any amendments necessary to provide for the terms of voluntary and mandatory prepayments of Incremental Term Loans). The effectiveness of any Incremental Facility Amendment shall be subject to the satisfaction on the date thereof (each, an “Incremental Facility Closing Date”) of each of the conditions set forth in Section 4.02 (it being understood that all references to “the date of such Borrowing” in such Section 4.02 shall be deemed to refer to the applicable Incremental Facility Closing Date), the delivery by the U.S. Borrower of a certificate of a Responsible Officer certifying that such conditions have been satisfied and such other conditions as the parties to such Incremental Facility Amendment shall agree. The proceeds of the Incremental Extensions of Credit shall be used for general corporate purposes of the Borrower and the Subsidiaries.

(d) On the date of effectiveness of any Revolving Commitment Increase, (i) the aggregate principal amount of the Revolving Loans outstanding under the applicable Facility (the “Existing Revolving Borrowings”) immediately prior to the effectiveness of such Revolving Commitment Increase shall be deemed to be repaid, (ii) each Revolving Commitment Increase Lender that shall have had a Revolving Credit Commitment under the applicable Facility prior to the effectiveness of such Revolving Commitment Increase shall pay to the Administrative Agent in same day funds an amount equal to the amount, if any, by which (A) (1) such Revolving Commitment Increase Lender’s U.S. Revolving Facility Percentage or ratable share of Available Unused Commitments, as applicable (calculated after giving effect to the effectiveness of such Revolving Commitment Increase) multiplied by (2) the aggregate principal amount of the Resulting Revolving Borrowings (as hereinafter defined) exceeds (B) (1) such Revolving Commitment Increase Lender’s U.S. Revolving Facility Percentage or ratable share Available Unused Commitments, as applicable (calculated without giving effect to the effectiveness of such Revolving Commitment Increase) multiplied by (2) the aggregate principal amount of such Existing Revolving Borrowings, (iii) each Revolving Commitment Increase Lender that shall not have had a Revolving Credit Commitment under the applicable Facility prior to the effectiveness of such Revolving Commitment Increase shall pay to Administrative Agent in same day funds an amount equal to

(1) such Revolving Commitment Increase Lender’s U.S. Revolving Facility Percentage or ratable share of Available Unused Commitments, as applicable (calculated after giving effect to the effectiveness of such Revolving Commitment Increase) multiplied by (2) the aggregate principal amount of the Resulting Revolving Borrowings, (iv) after the Administrative Agent receives the funds specified in clauses (ii) and (iii) above, the Administrative Agent shall pay to each Revolving Lender under the applicable Facility the portion of such funds that is equal to the amount, if any, by which (A) (1) such Revolving Lender’s U.S. Revolving Facility Percentage or ratable share of Available Unused Commitments, as applicable (calculated without giving effect to the effectiveness of such Revolving Commitment Increase) multiplied by (2) the aggregate principal amount of the Existing Revolving Borrowings, exceeds (B) (1) such Revolving Lender’s U.S. Revolving Facility Percentage or ratable share of Available Unused Commitments, as applicable (calculated after giving effect to the effectiveness of such Revolving Commitment Increase) multiplied by (2) the aggregate principal amount of the Resulting Revolving Borrowings, (v) after the effectiveness of such Revolving Commitment Increase, the Borrower shall be deemed to have made new Revolving Borrowings (the “Resulting Revolving Borrowings”) in an aggregate principal amount equal to the aggregate principal amount of the Existing Revolving Borrowings and of the Types and for the Interest Periods specified in a Borrowing Request delivered to the Administrative Agent in accordance with Section 2.03 (and the Borrower shall deliver such Borrowing Request), (vi) each Revolving Lender shall be deemed to hold its U.S. Revolving Facility Percentage or ratable share of Available Unused Commitments, as applicable, of each Resulting Revolving Borrowing (calculated after giving effect to the effectiveness of such Revolving Commitment Increase) and (vii) the Borrower shall pay each applicable Revolving Facility Lender any and all accrued but unpaid interest on its Loans comprising the Existing Revolving Borrowings. The deemed payments of the Existing Revolving Borrowings made pursuant to clause (i) above shall be subject to compensation by the applicable Borrower pursuant to the provisions of Section 2.16 if the date of the effectiveness of such Revolving Commitment Increase occurs other than on the last day of the Interest Period relating thereto. Upon each Revolving Commitment Increase pursuant to this Section, each Revolving Facility Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to each Revolving Commitment Increase Lender, and each such Revolving Commitment Increase Lender will automatically and without further act be deemed to have assumed, a portion of such Revolving Facility Lender’s participations hereunder in outstanding Letters of Credit and Swingline Loans under the applicable Facility such that, after giving effect to such Revolving Commitment Increase and each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding participations hereunder in Letters of Credit and participations hereunder in Swingline Loans under the applicable Facility, in each case held by each applicable Revolving Facility Lender (including each such Revolving Commitment Increase Lender) will equal such Revolving Lender’s U.S. Revolving Facility Percentage or ratable share of Available Unused Commitments, as applicable.

SECTION 2.24. Defaulting Lenders. (a) Notwithstanding any provision of this Agreement to the contrary, if any U.S. Revolving Facility Lender becomes a Defaulting Lender or remains a Defaulting Lender at the time any Letter of Credit

remains outstanding, at the time of the issuance of any Letter of Credit, at the time of any amendment to a Letter of Credit increasing the amount thereof or at the time any Swingline Dollar Loan is made or remains outstanding, then the following provisions shall apply for so long as such U.S. Revolving Facility Lender remains a Defaulting Lender:

(i) Such Defaulting Lender’s Revolving L/C Exposure shall be reallocated among the non-Defaulting U.S. Revolving Facility Lenders in accordance with their respective U.S. Revolving Facility Percentages, but only to the extent (x) the sum of all non-Defaulting Lenders’ U.S. Revolving Facility Credit Exposures plus such Defaulting Lender’s Revolving L/C Exposure does not exceed the total of all non-Defaulting Lenders’ U.S. Revolving Facility Commitments and (y) the conditions set forth in Section 4.02 are satisfied at such time; provided that in no event shall the reallocation contemplated by this paragraph (i) cause the U.S. Revolving Facility Credit Exposure of any Lender to exceed the U.S. Revolving Facility Commitment of such Lender.

(ii) Following the reallocation of Revolving L/C Exposure contemplated by subparagraph (i) above, such Defaulting Lender’s Swingline Dollar Exposure shall be reallocated among the non-Defaulting U.S. Revolving Facility Lenders in accordance with their respective U.S. Revolving Facility Percentages, but only to the extent (x) the sum of all non-Defaulting Lender’s U.S. Revolving Facility Credit Exposures plus such Defaulting Lender’s Swingline Dollar Exposure does not exceed the total of all non-Defaulting Lenders’ U.S. Revolving Facility Commitments and (y) the conditions set forth in Section 4.02 are satisfied at such time; provided that in no event shall the reallocation contemplated by this paragraph (ii) cause the U.S. Revolving Facility Credit Exposure of any Lender to exceed the U.S. Revolving Facility Commitment of such Lender.

(iii) If the reallocation described in clauses (i) and (ii) above cannot, or can only partially, be effected, the U.S. Borrower shall within one Business Day following notice by the Administrative Agent (A) first, prepay the portion of such Defaulting Lender’s Swingline Dollar Exposure that has not been reallocated and (B) second, cash collateralize for the benefit of the Issuing Banks the portion of such Defaulting Lender’s Revolving L/C Exposure that has not been reallocated in accordance with the procedures set forth in Section 2.05(j) for so long as such Revolving L/C Exposure is outstanding.

(iv) If the Revolving L/C Exposure of such Defaulting Lender is reallocated pursuant to subparagraph (i) above, then the Commitment Fees payable to the U.S. Revolving Facility Lenders pursuant to Section 2.12(a) and the L/C Participation Fees payable to the U.S. Revolving Facility Lenders pursuant to Section 2.12(b) shall be adjusted in accordance with such reallocation.

(v) If the U.S. Borrower cash collateralizes any portion of such Defaulting Lender’s L/C Exposure pursuant to clause (iii) above, the U.S. Borrower shall not be required to pay L/C Participation Fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such portion of such Defaulting Lender’s Revolving L/C Exposure for so long as such Defaulting Lender’s Revolving L/C Exposure is cash collateralized.

(vi) If any part of such Defaulting Lender’s Revolving L/C Exposure is neither reallocated pursuant to subparagraph (i) nor cash collateralized pursuant to subparagraph (iii) above, then, without prejudice to any rights or remedies of the Issuing Bank or any Lender hereunder, all L/C Participation Fees payable under Section 2.12(b) with respect to such Defaulting Lender’s non-reallocated Revolving L/C Exposure shall be payable to the Issuing Bank until such non-reallocated Revolving L/C Exposure is reallocated and/or cash collateralized.

(b) Notwithstanding any provision of this Agreement to the contrary, if any Global Revolving Facility Lender becomes a Defaulting Lender or remains a Defaulting Lender at the time any Swingline Foreign Currency Loan is made or remains outstanding, such Defaulting Lender’s Swingline Foreign Currency Exposure shall be reallocated among the non-Defaulting Global Revolving Facility Lenders in accordance with their respective Available Unused Commitments, but only to the extent (i) the sum of all non-Defaulting Lenders’ Global Revolving Facility Credit Exposures plus such Defaulting Lender’s Swingline Foreign Currency Exposures does not exceed the total of all non-Defaulting Lender’s Global Revolving Facility Commitments (less the total Ancillary Commitments) and (ii) the conditions set forth in Section 4.02 are satisfied at such time; provided that in no event shall the reallocation contemplated by this paragraph (b) cause the Global Revolving Facility Exposure of any Lender to exceed the Global Revolving Facility Commitment of such Lender. If any part of such Defaulting Lender’s Swingline Foreign Currency Exposure is not reallocated pursuant to this Section 2.24(b), then, within one Business Day following notice by the Applicable Agent, the U.S. Borrower shall prepay Swingline Foreign Currency Loans in an amount such that the Swingline Foreign Currency Exposure attributable to such Defaulting Lender (after giving effect to any reallocation contemplated by this Section 2.24) shall be reduced to zero.

(c) (i) In the event that a Defaulting U.S. Revolving Facility Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender and the U.S. Borrower, the Administrative Agent and each applicable Swingline Lender and Issuing Bank agree that such Lender is no longer a Defaulting Lender, then the Revolving L/C Exposure and Swingline Dollar Exposure of the U.S. Revolving Facility Lenders shall be readjusted to reflect the inclusion of such Lender’s U.S. Revolving Facility Commitment and on such date such Lender shall purchase at par (and the other U.S. Revolving Facility Lenders shall sell at par) such of the U.S. Revolving Facility Loans as

the Administrative Agent shall determine may be necessary in order for such Lender to hold such U.S. Revolving Facility Loans in accordance with its U.S. Revolving Facility Percentage, whereupon such Lender will cease to be a Defaulting U.S. Revolving Facility Lender.

(ii) In the event that a Defaulting Global Revolving Facility Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender and the U.S. Borrower, the Administrative Agent and each applicable Swingline Lender agree that such Lender is no longer a Defaulting Lender, then the Swingline Foreign Currency Exposure of the Global Revolving Facility Lenders shall be readjusted to reflect the inclusion of such Lender’s Global Revolving Facility Commitment and on such date such Lender shall purchase at par (and the other Global Revolving Facility Lenders shall sell at par) such of the Global Revolving Facility Loans as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Global Revolving Facility Loans in accordance with its Available Unused Commitments, whereupon such Lender will cease to be a Defaulting Global Revolving Facility Lender.

(d) So long as any Lender is a Defaulting U.S. Revolving Facility Lender, the Swingline Dollar Lender shall not be required to fund Swingline Dollar Loans unless it is satisfied that it will have no exposure with respect to such Lender’s Swingline Dollar Exposure and no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no exposure with respect to such Lender’s Revolving L/C Exposure, in each case after giving effect to any reallocation and cash collateralization in accordance with this Section 2.24. So long as any Lender is a Defaulting Global Revolving Facility Lender, the Swingline Foreign Currency Lender shall not be required to fund Swingline Foreign Currency Loans unless it is satisfied that it will have no exposure with respect to such Lender’s Swingline Foreign Currency Exposure after giving effect to any reallocation in accordance with this Section 2.24.

SECTION 2.25. Extension Offers. (a) The U.S. Borrower may, on one or more occasions, by written notice to the Administrative Agent, make one or more offers (each, an “Extension Offer”) to all the Lenders of one or more Classes (each Class subject to such an Extension Offer, an “Extension Request Class”), in each case to extend the final maturity date of such Lenders’ respective Loans and Commitments to a later maturity date and to make one or more other Extension Permitted Amendments pursuant to procedures reasonably specified by the Administrative Agent and reasonably acceptable to the U.S. Borrower. Such Extension Offer shall set forth the terms and conditions of the requested Extension Permitted Amendments, the date on which the Extension Agreement (as defined below) is requested to become effective (which shall not be less than ten Business Days nor more than 30 Business Days after the date of the applicable Extension Offer) and such other principal terms on which the U.S. Borrower proposes to enter into the Extension Agreement. Extension Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders of the Extension Request Class that accept the applicable Extension Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and Commitments of such Extension Request Class. No Lender shall have any obligation to accept any such Extension Offer.

(b) The U.S. Borrower, each Accepting Lender and the Administrative Agent shall execute and deliver an amendment agreement (the “Extension Agreement”) and such other documentation as the Administrative Agent shall reasonably specify to evidence the Extension Permitted Amendments and the terms and conditions thereof and such amendment will be effective to amend this Agreement and the other Loan Documents on the terms set forth therein without the consent of any other Lender; provided that no Extension Agreement may alter the rights of any Lender (other than the applicable Accepting Lenders) in any manner that would not be permitted under Section 9.08 without the consent of such Lender unless such consent shall have been obtained. Notwithstanding the foregoing, no Extension Agreement shall become effective unless (i) both before and after giving effect to the effectiveness of such Extension Agreement, each of the conditions set forth in paragraphs (b) and (c) of Section 4.02 shall be satisfied (it being understood that all references to “the date of such Borrowing” or similar language in Section 4.02 shall be deemed to refer to the date of such effectiveness), and the Administrative Agent shall have received a certificate of a Responsible Officer of the U.S. Borrower, dated as of the date of effectiveness of such Extension Agreement, confirming compliance with such conditions, (ii) the Administrative Agent shall have received all legal opinions, documents and certificates reasonably requested by the Administrative Agent consistent with those delivered pursuant to Section 4.01 on the Restatement Effective Date and (iii) such other conditions as the parties to the Extension Agreement have agreed shall have been satisfied.

(c) The Administrative Agent shall promptly notify each Lender as to the effectiveness of an Extension Agreement. Each Extension Agreement may, without the consent of any Lender other than the applicable Accepting Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to give effect to the provisions of this Section, including any amendments necessary to treat the applicable Loans and/or Commitments of the Accepting Lenders as a new “Class” of loans and/or commitments hereunder; provided that, in the case of any Extension Offer relating to Revolving Credit Commitments or Revolving Loans, except as otherwise agreed to by each Issuing Bank and each applicable Swingline Lender, (i) the allocation of the participation exposure with respect to any then-existing or subsequently issued or made Letter of Credit or Swingline Loan under the applicable Facility as between the commitments of such new “Class” and the remaining Revolving Credit Commitments under the applicable Facility shall be made on a ratable basis as between the commitments of such new “Class” and the remaining Revolving Credit Commitments under such Facility and (ii) the Availability Period and the Revolving Credit Maturity Date, as such terms are used in reference to Letters of Credit or Swingline Loans, may not be extended without the prior written consent of each applicable Issuing Bank and the Swingline Lender, as applicable.

ARTICLE III

Representations and Warranties

Each of Holdings and the Borrowers represents and warrants to each of the Lenders that:

SECTION 3.01. Organization; Powers. Except as set forth on Schedule 3.01, each of Holdings, the U.S. Borrower and each of the Subsidiaries (a) is a partnership, limited liability company or corporation duly organized, validly existing and in good standing (or, if applicable in a foreign jurisdiction, enjoys the equivalent status under the laws of any jurisdiction of organization outside the United States) under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted, (c) is qualified to do business in each jurisdiction where such qualification is required, except where the failure so to qualify could not reasonably be expected to have a Material Adverse Effect, and (d) has the power and authority to execute, deliver and perform its obligations under each of the Loan Documents and each other agreement or instrument contemplated thereby to which it is or will be a party and, in the case of each Borrower, to borrow and otherwise obtain credit hereunder.

SECTION 3.02. Authorization. The execution, delivery and performance by Holdings, the U.S. Borrower, and each of the Subsidiaries of each of the Loan Documents to which it is a party, and the borrowings hereunder and the transactions forming a part of the Restatement Transactions (a) have been duly authorized by all corporate, stockholder, limited liability company or partnership action required to be obtained by Holdings, the U.S. Borrower and such Subsidiaries and (b) will not (i) violate (A) any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents or by-laws of Holdings, the U.S. Borrower or any such Subsidiary, (B) any applicable order of any court or any rule, regulation or order of any Governmental Authority or (C) any provision of any indenture, certificate of designation for preferred stock, agreement or other instrument to which Holdings, the U.S. Borrower or any such Subsidiary is a party or by which any of them or any of their property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancelation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, certificate of designation for preferred stock, agreement or other instrument, where any such conflict, violation, breach or default referred to in clause (i) or (ii) of this Section 3.02, could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (iii) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by Holdings, the U.S. Borrower or any such Subsidiary, other than the Liens created by the Loan Documents.

SECTION 3.03. Enforceability. This Agreement has been duly executed and delivered by Holdings and each Borrower and constitutes, and each other Loan Document when executed and delivered by each Loan Party that is party thereto will

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constitute, a legal, valid and binding obligation of such Loan Party enforceable against each such Loan Party in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied covenants of good faith and fair dealing.

SECTION 3.04. Governmental Approvals. No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection with the Restatement Transactions, except for (a) the filing of Uniform Commercial Code financing statements, (b) recordation of amendments to the Mortgages, (c) such as have been made or obtained and are in full force and effect, (d) such actions, consents and approvals the failure to be obtained or made which could not reasonably be expected to have a Material Adverse Effect and (e) filings or other actions listed on Schedule 3.04.

SECTION 3.05. Financial Statements. The U.S. Borrower has heretofore furnished to the Lenders combined balance sheets and combined statements of income, cash flows and owners’ equity of Holdings and its subsidiaries as of and for the fiscal years ended December 31, 2009, December 31, 2010 and December 31, 2011, audited by and accompanied by the opinion of Ernst & Young LLP, independent public accountants. Such financial statements present fairly, in all material respects, the financial position and results of operations of Holdings and subsidiaries as of such dates and for such periods. None of Holdings, the U.S. Borrower or any of the Subsidiaries has or shall have as of the Restatement Effective Date any Guarantee, contingent liability or liability for Taxes, or any long-term lease or unusual forward or long-term commitment, including any interest rate or foreign currency hedging transaction, that individually is material and is not reflected in the foregoing statements or the notes thereto, other than pursuant to the Loan Documents. Such financial statements were prepared in accordance with GAAP.

SECTION 3.06. No Material Adverse Change or Material Adverse Effect. Since December 31, 2011, there has been no material adverse change (or occurrence that is reasonably likely to have a material adverse change) in the business, operations, properties, assets or financial condition of the U.S. Borrower and the Subsidiaries, taken as a whole.

SECTION 3.07. Title to Properties; Possession Under Leases . (a) Each of Holdings, the U.S. Borrower and the Subsidiaries has good and marketable title to, or valid leasehold interests in, or easements or other limited property interests in, all its properties and assets (including all Mortgaged Properties), except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes and except where the failure to have such title could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. All such properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02 or arising by operation of law.

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(b) Each of Holdings, the U.S. Borrower and the Subsidiaries has complied with all obligations under all leases to which it is a party, except where the failure to comply would not have a Material Adverse Effect, and all such leases are in full force and effect, except leases in respect of which the failure to be in full force and effect could not reasonably be expected to have a Material Adverse Effect. Each of Holdings, the U.S. Borrower and each of the Subsidiaries enjoys peaceful and undisturbed possession under all such leases, other than leases in respect of which the failure to enjoy peaceful and undisturbed possession could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

(c) Each of Holdings, the U.S. Borrower and the Subsidiaries owns or possesses, or could obtain ownership or possession of, on terms not materially adverse to it, all patents, trademarks, service marks, trade names, copyrights, licenses and rights with respect thereto necessary for the present conduct of its business, without any known conflict with the rights of others, and free from any burdensome restrictions, except where such conflicts and restrictions could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

(d) As of the Restatement Effective Date, none of Holdings, the U.S. Borrower and the Subsidiaries has received any notice of any pending or contemplated condemnation proceeding affecting any of the Mortgaged Properties or any sale or disposition thereof in lieu of condemnation that remains unresolved as of the Restatement Effective Date.

(e) None of Holdings, the U.S. Borrower and the Subsidiaries is obligated on the Restatement Effective Date under any right of first refusal, option or other contractual right to sell, assign or otherwise dispose of any Mortgaged Property or any interest therein, except as permitted under Section 6.02 or 6.05.

SECTION 3.08. Subsidiaries. (a) As of the Restatement Effective Date, and after giving effect to the Restatement Transactions, Holdings will have no subsidiaries other than the U.S. Borrower and the Subsidiaries.

(b) Schedule 3.08(b) sets forth as of the Restatement Effective Date the name and jurisdiction of incorporation, formation or organization of each Subsidiary and, as to each such Subsidiary, the percentage of each class of Equity Interests owned by the U.S. Borrower or by any such Subsidiary.

(c) As of the Restatement Effective Date, there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Equity Interests of Holdings, the U.S. Borrower or any of the Subsidiaries, except under the Loan Documents, rights of employees to purchase Equity Interests of Holdings in connection with the Transactions or as set forth on Schedule 3.08(c).

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SECTION 3.09. Litigation; Compliance with Laws. (a) Except as set forth on Schedule 3.09, there are no actions, suits or proceedings at law or in equity or by or before any Governmental Authority or in arbitration now pending or, to the knowledge of Holdings or the U.S. Borrower, threatened in writing against or affecting Holdings, the U.S. Borrower or any of the Subsidiaries or any business, property or rights of any such person (i) that involve any Loan Document or the Transactions or (ii) as to which an adverse determination is reasonably probable and which could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or materially adversely affect the Restatement Transactions.

(b) None of Holdings, the U.S. Borrower, the Subsidiaries and their respective properties or assets is in violation of (nor will the continued operation of their material properties and assets as currently conducted violate) any law, rule or regulation (including the Trading with the Enemy Act and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V) and any other enabling legislation or executive order relating thereto, the USA Patriot Act, the United States Foreign Corrupt Practices Act of 1977, any zoning, building, Environmental Law, ordinance, code or approval or any building permit) or any restriction of record or agreement affecting any Mortgaged Property, or is in default with respect to any judgment, writ, injunction or decree of any Governmental Authority, where such violation or default could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

SECTION 3.10. Federal Reserve Regulations. (a) None of Holdings, the U.S. Borrower and the Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock.

(b) No part of the proceeds of any Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose, or (ii) for any purpose that entails a violation of, or that is inconsistent with, the provisions of the Regulations of the Board, including Regulation U or Regulation X.

SECTION 3.11. Investment Company Act. None of Holdings, the U.S. Borrower and the Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended.

SECTION 3.12. Use of Proceeds. The Borrowers will use the proceeds of the Revolving Loans and Swingline Loans and will request the issuance of Letters of Credit solely for general corporate purposes.

SECTION 3.13. Tax Returns. Each of Holdings, the U.S. Borrower and the Subsidiaries has timely filed or caused to be timely filed all federal, and all material state and local, Tax returns (and, in the case of a Foreign Subsidiary, except as provided in Schedule 3.13, all material Tax returns required to be filed in the jurisdiction in which

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such Foreign Subsidiary is organized) required to have been filed by it and has paid or caused to be paid all material Taxes shown thereon to be due and payable by it and all material assessments, except Taxes or assessments that are being contested in good faith by appropriate proceedings in accordance with Section 5.03 and for which Holdings, the U.S. Borrower or a Subsidiary has set aside on its books adequate reserves. Each of Holdings, the U.S. Borrower and the Subsidiaries has paid in full or made adequate provision (in accordance with GAAP) for the payment of all Taxes due with respect to all periods ending on or before the Restatement Effective Date, which Taxes, if not paid or adequately provided for, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 3.13, as of the Restatement Effective Date, with respect to each of Holdings, the U.S. Borrower and the Subsidiaries, (a) no material claims are being asserted in writing with respect to any Taxes, (b) to the best of such party’s knowledge, no presently effective waivers or extensions of statutes of limitation with respect to Taxes have been given or requested, (c) no Tax returns are being examined by, and no written notification of intention to examine has been received from, the Internal Revenue Service or, with respect to any material potential Tax liability, any other Governmental Authority and (d) except as are being contested in good faith by appropriate proceedings in accordance with Section 5.03 and for which Holdings, the U.S. Borrower or a Subsidiary has set aside on its books adequate reserves, no currently pending issues have been raised in writing by the Internal Revenue Service or any other Governmental Authority with respect to any material potential Tax liability.

SECTION 3.14. No Material Misstatements. (a) All written information (other than the Projections, estimates and information of a general economic nature) (the “Information”) concerning Holdings, the U.S. Borrower, the Subsidiaries, the Restatement Transactions and any other transactions contemplated hereby included in the Lenders’ Presentation or otherwise prepared by or on behalf of the foregoing or their representatives and made available to any Lenders or the Administrative Agent in connection with the Restatement Transactions or the other transactions contemplated hereby, when taken as a whole, were true and correct in all material respects as of the date thereof, as of the date such Information was first furnished to the Lenders and as of the Restatement Effective Date and did not contain any untrue statement of a material fact as of any such date or omit to state a material fact necessary in order to make the statements contained therein not materially misleading in light of the circumstances under which such statements were made.

(b) The Projections and estimates prepared by or on behalf of the U.S. Borrower or any of its representatives and that have been made available to any Lenders or the Administrative Agent in connection with the Restatement Transactions or the other transactions contemplated hereby (i) have been prepared in good faith based upon assumptions believed by the U.S. Borrower to be reasonable as of the date thereof, as of the date such Projections and estimates were first furnished to the Lenders and as of the Restatement Effective Date, and (ii) as of the Restatement Effective Date, have not been modified in any material respect by the U.S. Borrower.

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SECTION 3.15. Employee Benefit Plans. (a) Each of the Borrowers, Holdings, the Subsidiaries and the ERISA Affiliates is in compliance with the applicable provisions of ERISA and the provisions of the Code relating to Plans and Multiemployer Plans and the regulations and published interpretations thereunder and any similar applicable non-U.S. law, except for such noncompliance that could not reasonably be expected to have a Material Adverse Effect. No Reportable Event has occurred during the past five years as to which the Borrowers, Holdings, any Subsidiary or any ERISA Affiliate was required to file a report with the PBGC, other than reports that have been filed and reports the failure of which to file could not reasonably be expected to have a Material Adverse Effect. As of the Restatement Effective Date, the excess of the present value of all benefit liabilities under each Plan of the Borrowers, Holdings, the Subsidiaries and the ERISA Affiliates (based on those assumptions used to fund such Plan), as of the last annual valuation date applicable thereto for which a valuation is available, over the value of the assets of such Plan could not reasonably be expected to have a Material Adverse Effect, and the excess of the present value of all benefit liabilities of all underfunded Plans (based on those assumptions used to fund each such Plan) as of the last annual valuation dates applicable thereto for which valuations are available, over the value of the assets of all such underfunded Plans could not reasonably be expected to have a Material Adverse Effect. None of the Borrowers, Holdings, the Subsidiaries and the ERISA Affiliates has incurred or could reasonably be expected to incur any Withdrawal Liability that could reasonably be expected to have a Material Adverse Effect. None of the Borrowers, Holdings, the Subsidiaries and the ERISA Affiliates has received any written notification that any Multiemployer Plan is in reorganization or that it is in endangered or critical status, within the meaning of Section 305 of ERISA or has been terminated within the meaning of Title IV of ERISA, or has knowledge that any Multiemployer Plan is reasonably expected to be in reorganization or to be terminated, where such event has had or could reasonably be expected to have, through increases in the contributions required to be made to such Plan or otherwise, a Material Adverse Effect.

(b) Each of Holdings, the U.S. Borrower and the Subsidiaries is in compliance (i) with all applicable provisions of law and all applicable regulations and published interpretations thereunder with respect to any employee pension benefit plan or other employee benefit plan governed by the laws of a jurisdiction other than the United States and (ii) with the terms of any such plan, except, in each case, for such noncompliance that could not reasonably be expected to have a Material Adverse Effect.

SECTION 3.16. Environmental Matters. Except for the matters that could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, neither the U.S. Borrower nor any of its Subsidiaries (a) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (b) is subject to, or responsible for, any Environmental Liability, (c) has received notice of any claim with respect to any Environmental Liability or (d) knows of any facts or circumstances that would reasonably be expected to result in any Environmental Liability.

SECTION 3.17. Security Documents. (a) The U.S. Collateral Agreement is effective to create in favor of the Collateral Agent (for the benefit of the Secured Parties) a legal, valid and enforceable security interest in the Collateral described therein

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and proceeds thereof. In the case of the Pledged Collateral described in the U.S. Collateral Agreement, when certificates or promissory notes, as applicable, representing such Pledged Collateral are delivered to the Collateral Agent, and in the case of the other Collateral described in the U.S. Collateral Agreement (other than the Intellectual Property (as defined in the U.S. Collateral Agreement)), when financing statements and other filings specified on Schedule 3 of the U.S. Perfection Certificate in appropriate form are filed in the offices specified on Schedule 5 of the U.S. Perfection Certificate, the Collateral Agent (for the benefit of the Secured Parties) shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and, subject to Section 9-315 of the New York Uniform Commercial Code, the proceeds thereof, as security for the Obligations to the extent perfection can be obtained by filing Uniform Commercial Code financing statements, in each case prior and superior in right to any other person (except, in the case of Collateral other than Pledged Collateral, Liens expressly permitted by Section 6.02(a) and Liens having priority by operation of law).

(b) When the U.S. Collateral Agreement or a summary thereof is properly filed in the United States Patent and Trademark Office and the United States Copyright Office, and, with respect to Collateral in which a security interest cannot be perfected by such filings, upon the proper filing of the financing statements referred to in paragraph (a) above, the Collateral Agent (for the benefit of the Secured Parties) shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties thereunder in the Intellectual Property, in each case prior and superior in right to any other Person (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office may be necessary to perfect a lien on registered trademarks and patents, trademark and patent applications and registered copyrights acquired by the grantors after the Restatement Effective Date).

(c) Each Foreign Pledge Agreement and each Foreign Security Agreement is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof. In the case of the Pledged Collateral described in a Foreign Pledge Agreement, when certificates or promissory notes, as applicable, representing such Pledged Collateral are delivered to the Collateral Agent, and, in the case of the Collateral described in a Foreign Security Agreement, when filings are made in the appropriate offices in each relevant jurisdiction and the other actions, if any, specified on such Schedule are taken, the Collateral Agent (for the benefit of the Secured Parties) shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations described therein, in each case prior and superior in right to any other person (except, in the case of Collateral other than Pledged Collateral, Liens expressly permitted by Section 6.02(a) and Liens having priority by operation of law).

(d) The Mortgages entered into after the Restatement Effective Date pursuant to Section 5.10 shall be effective to create in favor of the Collateral Agent (for the benefit of the Secured Parties) a legal, valid and enforceable Lien on all of the Loan

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Parties’ right, title and interest in and to the Mortgaged Property thereunder and the proceeds thereof, and when such Mortgages are filed or recorded in the proper real estate filing or recording offices, the Collateral Agent (for the benefit of the Secured Parties) shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Mortgaged Property and, to the extent applicable, subject to Section 9-315 of the Uniform Commercial Code, the proceeds thereof, in each case prior and superior in right to any other Person, other than with respect to the rights of a Person pursuant to Liens expressly permitted by Section 6.02(a) and Liens having priority by operation of law.

SECTION 3.18. Location of Real Property and Leased Premises. (a) Schedule 3.18 lists completely and correctly as of the Restatement Effective Date all material real property owned by Holdings, the U.S. Borrower and the Subsidiary Loan Parties having a value of $5,000,000 or more and the addresses thereof. As of the Restatement Effective Date, Holdings, the U.S. Borrower and the Subsidiaries own in fee all the real property set forth as being owned by them on such Schedules.

(b) Schedule 2B to the U.S. Perfection Certificate lists completely and correctly as of the Restatement Effective Date all material real property leased by Holdings, the U.S. Borrower and the Domestic Subsidiary Loan Parties and the addresses thereof. As of the Restatement Effective Date, Holdings, the U.S. Borrower and the Domestic Subsidiary Loan Parties have valid leases in all the real property set forth as being leased by them on such Schedules.

SECTION 3.19. Solvency. (a) Immediately after giving effect to the Restatement Transactions (i) the fair value of the assets of each Borrower (individually) and the U.S. Borrower and the Subsidiaries on a consolidated basis, at a fair valuation, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of each Borrower (individually) and the U.S. Borrower and the Subsidiaries on a consolidated basis, respectively; (ii) the present fair saleable value of the property of each Borrower (individually) and the U.S. Borrower and the Subsidiaries on a consolidated basis will be greater than the amount that will be required to pay the probable liability of each Borrower (individually) and the U.S. Borrower and the Subsidiaries on a consolidated basis, respectively, on their debts and other liabilities, direct, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii) each Borrower (individually) and the U.S. Borrower and the Subsidiaries on a consolidated basis will be able to pay their debts and liabilities, direct, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) each Borrower (individually) and the U.S. Borrower and the Subsidiaries on a consolidated basis will not have unreasonably small capital with which to conduct the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted following the Restatement Effective Date.

(b) None of Holdings or the Borrowers intend to, and does not believe that it or any of its subsidiaries will, incur debts beyond its ability to pay such debts as they mature, taking into account the timing and amounts of cash to be received by it or any such subsidiary and the timing and amounts of cash to be payable on or in respect of its Indebtedness or the Indebtedness of any such subsidiary.

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SECTION 3.20. Labor Matters. There are no strikes pending or threatened against Holdings, the U.S. Borrower or any of the Subsidiaries that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. The hours worked and payments made to employees of Holdings, the U.S. Borrower and the Subsidiaries have not been in violation in any material respect of the Fair Labor Standards Act or any other applicable law dealing with such matters. All material payments due from Holdings, the U.S. Borrower or any of the Subsidiaries or for which any claim may be made against Holdings, the U.S. Borrower or any of the Subsidiaries, on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of Holdings, the U.S. Borrower or such Subsidiary to the extent required by GAAP. Except as set forth on Schedule 3.20, consummation of the Restatement Transactions will not give rise to a right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which Holdings, the U.S. Borrower or any of the Subsidiaries (or any predecessor) is a party or by which Holdings, the U.S. Borrower or any of the Subsidiaries (or any predecessor) is bound, other than collective bargaining agreements that, individually or in the aggregate, are not material to Holdings, the U.S. Borrower and the Subsidiaries, taken as a whole.

SECTION 3.21. Insurance. Schedule 3.21 sets forth a true, complete and correct description of all material insurance maintained by or on behalf of Holdings, the U.S. Borrower or the Subsidiaries as of the Restatement Effective Date. As of such date, such insurance is in full force and effect. The U.S. Borrower believes that the insurance maintained by or on behalf of Holdings, the U.S. Borrower and the Subsidiaries is adequate.

ARTICLE IV

Conditions

SECTION 4.01. Effectiveness of Restated Credit Agreement . This Agreement shall become effective upon the satisfaction of the following conditions:

(a) The Administrative Agent (or its counsel) shall have received from each of Holdings, the U.S. Borrower, the Foreign Subsidiary Borrowers party hereto, each Global Revolving Facility Lender and each U.S. Revolving Facility Lender, either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or other electronic transmission of a signed signature page of this Agreement) that such party has signed such counterpart.

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(b) The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent, the Lenders and the Issuing Banks and dated the Restatement Effective Date) of Xxxxxxx Xxxxxxx & Xxxxxxxx LLP, special counsel for Holdings and the U.S. Borrower, substantially in the form of Exhibit O. Holdings and the U.S. Borrower hereby request such counsel to deliver such opinion.

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

(d) The Administrative Agent shall have received a certificate of a Responsible Officer of the U.S. Borrower, dated the Restatement Effective Date, confirming compliance with the conditions precedent set forth in paragraphs (b) and (c) of Section 4.02.

(e) Without duplication of the amounts described in paragraph (g) below, the Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Restatement Effective Date, including, to the extent invoiced (or otherwise notified to the U.S. Borrower) at least two Business Days prior to the Restatement Effective Date, reimbursement or payment of all out-of-pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party hereunder or under any other Loan Document.

(f) The Collateral Agent shall have received (i) to the extent not previously delivered, all documents and instruments required by law or reasonably requested by the Collateral Agent to be filed, registered or recorded to create or perfect the Liens intended to be created under the Security Documents after giving effect to the Restatement Transactions (other than those described in Section 5.13 hereto) and (ii) completed Perfection Certificates, dated the Restatement Effective Date and signed by a Responsible Officer of the U.S. Borrower, together with all attachments contemplated thereby.

(g) All Revolving Credit Commitments outstanding under the Existing Credit Agreement shall have been terminated in full, and (i) the Administrative Agent shall have received, for the account of the Lenders entitled thereto, payment from the U.S. Borrower of all Loans outstanding under the Existing Credit Agreement, together with accrued and unpaid interest on such Loans as of the Restatement Effective Date, (ii) the Administrative Agent shall have received a certificate from a Responsible Officer of the U.S. Borrower certifying that the applicable Foreign Subsidiary Borrower has paid all accrued and unpaid interest on and fees with respect to each Ancillary Extension of Credit outstanding under an Ancillary Facility which is due and payable as of the Restatement Effective Date, (iii) the Administrative Agent shall have received, for the account of the Lenders entitled thereto, payment from the U.S. Borrower of all accrued and unpaid Commitment Fees payable under subclause (x) of Section 2.12(a) of the Existing Credit Agreement as of the Restatement Effective Date, (iv) the Administrative Agent shall have received a certificate from a Responsible Officer of the U.S. Borrower

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certifying that the U.S. Borrower (or applicable Foreign Subsidiary Borrower) has paid all accrued and unpaid Commitment Fees payable under subclause (y) of Section 2.12(a) of the Existing Credit Agreement as of the Restatement Effective Date and (v) and the Administrative Agent and the Issuing Bank shall have received, for the account of the Issuing Bank and the Lenders entitled thereto, payment from the U.S. Borrower of all accrued and unpaid L/C Participation Fees and Issuing Bank Fees payable under the Existing Credit Agreement as of the Restatement Effective Date; provided that the U.S. Borrower (or applicable Foreign Subsidiary Borrower) shall only be required to make the payments described in clauses (i) through (v) above as a condition to closing to the extent (x) the Administrative Agent has invoiced the U.S. Borrower for (or otherwise notified the U.S. Borrower of) the approximate amounts described in clauses (i), (iii) and (v), in each case at least two Business Days prior to the Restatement Effective Date.

(h) The Collateral Agent shall have received (i) amendments or supplements to Security Documents set forth on Schedule 4.01 providing that the Revolving Credit Commitments and the Loans and other extensions of credit thereunder (in addition to the other Obligations described therein) shall be secured by a Lien on the Collateral described therein and (ii) opinions of counsel set forth on Schedule 4.01.

(i) The Administrative Agent shall have received evidence that the insurance required by Section 5.02 of this Agreement and the Security Documents is in effect.

(j) The Administrative Agent shall have received, from each Loan Party party thereto, either (i) a counterpart of the U.S. Collateral Agreement, the Foreign Guarantee, the Xxxxx Guarantee, the First-Tier Subsidiary Pledge Agreement and the Parallel Debt Agreement, signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or other electronic transmission of a signed signature page of such agreement) that such party has signed such counterpart.

(k) The Administrative Agent shall have received all documentation and other information that is reasonably requested in writing by the Administrative Agent at least five Business Days prior to the Restatement Effective Date in order to allow the Administrative Agent and the Lenders to comply with applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act (it being understood that, to the extent not provided on or prior to the Restatement Effective Date, the Borrowers shall cooperate with the Administrative Agent to provide all other documentation and other information after the Restatement Effective Date as reasonably required the Administrative Agent or the Lenders in order to allow them to comply with such rules and regulations).

The Administrative Agent shall notify the U.S. Borrower and the Lenders of the Restatement Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, this Agreement shall not become effective unless each of the foregoing conditions is satisfied at or prior to 5:00 p.m., New York City time, on September 28, 2012.

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SECTION 4.02. All Credit Events . The obligations of (a) the Lenders (including the Swingline Lenders) to make Loans and (b) any Issuing Bank to issue Letters of Credit or increase the stated amounts of Letters of Credit hereunder (each, a “Credit Event”) are subject to the satisfaction of the conditions that, on the date of each Borrowing (other than an Ancillary Replacement Borrowing) and on the date of each issuance, amendment, extension or renewal of a Letter of Credit:

(a) The Administrative Agent shall have received, in the case of a Borrowing, a Borrowing Request as required by Section 2.03 (or a Borrowing Request shall have been deemed given in accordance with the last paragraph of Section 2.03) or, in the case of the issuance of a Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a notice requesting the issuance of such Letter of Credit as required by Section 2.05(b).

(b) The representations and warranties set forth in Article III hereof shall be true and correct in all material respects on and as of the date of such Borrowing or issuance, amendment, extension or renewal of a Letter of Credit (other than an amendment, extension or renewal of a Letter of Credit without any increase in the stated amount of such Letter of Credit), as applicable, with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date).

(c) At the time of and immediately after such Borrowing or issuance, amendment, extension or renewal of a Letter of Credit (other than an amendment, extension or renewal of a Letter of Credit without any increase in the stated amount of such Letter of Credit), as applicable, no Event of Default or Default shall have occurred and be continuing.

Each Borrowing (other than an Ancillary Replacement Borrowing) and each issuance, amendment, extension or renewal of a Letter of Credit shall be deemed to constitute a representation and warranty by the applicable Borrower (in the case of a Borrowing) and each Applicant Party (in the case of a Letter of Credit) on the date of such Borrowing, issuance, amendment, extension or renewal as applicable, as to the matters specified in paragraphs (b) and (c) of this Section 4.02.

SECTION 4.03. Credit Events Relating to Foreign Subsidiary Borrowers. The obligations of (x) the Lenders (including the Swingline Foreign Currency Lenders) to make Loans to any Foreign Subsidiary that becomes a Foreign Subsidiary Borrower after the Restatement Effective Date, (y) any Issuing Bank to issue Letters of Credit for the account of any such Foreign Subsidiary Borrower and (z) any Ancillary Lender to make available an Ancillary Facility to such Foreign Subsidiary Borrower, in each case to the extent designated in accordance with Section 2.20, are subject to the satisfaction of the following conditions (which are in addition to the conditions contained in Section 4.02):

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(a) With respect to the initial Loan made to, the initial Letter of Credit issued at the request of, or the creation of an Ancillary Facility for, such Foreign Subsidiary Borrower, whichever comes first,

(i) the Administrative Agent (or its counsel) shall have received a Foreign Subsidiary Borrower Agreement with respect to such Foreign Subsidiary Borrower duly executed by all parties thereto; and

(ii) the Administrative Agent shall have received such documents (including legal opinions) and certificates as the Administrative Agent or its counsel may reasonably request relating to the formation, existence and good standing of such Foreign Subsidiary Borrower, the authorization of Borrowings as they relate to such Foreign Subsidiary Borrower and any other legal matters relating to such Foreign Subsidiary Borrower or its Foreign Subsidiary Borrower Agreement, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

(b) The Administrative Agent and the applicable Ancillary Lender, if any, shall be reasonably satisfied that Section 5.10(f) shall have been complied with in respect of such Foreign Subsidiary Borrower and that the Collateral and Guarantee Requirement shall have been satisfied with respect to such Foreign Subsidiary Borrower and its subsidiaries; provided that the condition set forth in this paragraph (b) need not be satisfied with respect to any Unsecured Ancillary Facility.

ARTICLE V

Affirmative Covenants

Each of Holdings and the Borrowers covenants and agrees with each Lender that so long as this Agreement shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document shall have been paid in full and all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing, each of Holdings and the Borrowers will, and will cause each of the ERISA Affiliates and Subsidiaries to:

SECTION 5.01. Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of Subsidiaries if the assets of such Subsidiaries to the extent they exceed estimated liabilities are acquired by a Borrower or a Wholly Owned Subsidiary of a Borrower in such liquidation or dissolution, provided that Subsidiaries that are Loan Parties may be liquidated into Subsidiaries that are not Loan Parties only to the extent that such liquidation is treated as an investment by a Subsidiary Loan Party in a Subsidiary that is not a Loan Party under Section 6.04(a).

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(b) Do or cause to be done all things necessary to (i) obtain, preserve, renew, extend and keep in full force and effect the permits, franchises, authorizations, patents, trademarks, service marks, trade names, copyrights, licenses and rights with respect thereto necessary to the normal conduct of its business, (ii) comply in all material respects with all material applicable laws, rules, regulations (including any zoning, building, ordinance, code or approval or any building permits) or any restrictions of record or agreements affecting the Mortgaged Properties and judgments, writs, injunctions, decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted and (iii) at all times maintain and preserve all property necessary to the normal conduct of its business and keep such property in good repair, working order and condition and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith, if any, may be properly conducted at all times (in each case except as expressly permitted by this Agreement).

SECTION 5.02. Insurance. (a) Keep its insurable properties insured at all times by financially sound and reputable insurers in such amounts as shall be customary for similar businesses and maintain such other reasonable insurance (including, to the extent consistent with past practices, self-insurance), of such types, to such extent and against such risks, as is customary with companies in the same or similar businesses and maintain such other insurance as may be required by law or any other Loan Document.

(b) Cause all such property and casualty insurance policies with respect to the Mortgaged Properties to be endorsed or otherwise amended to include a “standard” or “New York” lender’s loss payable endorsement, in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent, which endorsement shall provide that, from and after the Restatement Effective Date, if the insurance carrier shall have received written notice from the Administrative Agent or the Collateral Agent of the occurrence of an Event of Default, the insurance carrier shall pay all proceeds otherwise payable to the U.S. Borrower or the Loan Parties under such policies directly to the Collateral Agent; cause all such policies to provide that neither the U.S. Borrower, the Administrative Agent, the Collateral Agent nor any other party shall be a coinsurer thereunder and to contain a “Replacement Cost Endorsement”, without any deduction for depreciation, and such other provisions as the Administrative Agent or the Collateral Agent may reasonably (in light of a Default or a material development in respect of the insured Mortgaged Property) require from time to time to protect their interests; deliver original or certified copies of all such policies or a certificate of an insurance broker to the Collateral Agent; cause each such policy to provide that it shall not be canceled, modified or not renewed upon less than 30 days’ prior written notice thereof by the insurer to the Administrative Agent and the Collateral Agent; deliver to the Administrative Agent and the Collateral Agent, prior to the cancelation, modification or nonrenewal of any such policy of insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the Administrative Agent and the Collateral Agent), or insurance certificate with respect thereto, together with evidence satisfactory to the Administrative Agent and the Collateral Agent of payment of the premium therefor.

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(c) If at any time the area in which the Premises (as defined in the Mortgages) are located is designated a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), obtain flood insurance in such reasonable total amount as the Administrative Agent or the Collateral Agent may from time to time reasonably require, and otherwise comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as it may be amended from time to time.

(d) With respect to each Mortgaged Property, carry and maintain comprehensive general liability insurance including the “broad form CGL endorsement” and coverage on an occurrence basis against claims made for personal injury (including bodily injury, death and property damage) and umbrella liability insurance against any and all claims, in each case in amounts and against such risks as are customarily maintained by companies engaged in the same or similar industry operating in the same or similar locations naming the Collateral Agent as an additional insured, on forms reasonably satisfactory to the Collateral Agent.

(e) Notify the Administrative Agent and the Collateral Agent promptly whenever any separate insurance concurrent in form or contributing in the event of loss with that required to be maintained under this Section 5.02 is taken out by Holdings, the U.S. Borrower or any of the Subsidiaries; and promptly deliver to the Administrative Agent and the Collateral Agent a duplicate original copy of such policy or policies, or an insurance certificate with respect thereto.

(f) In connection with the covenants set forth in this Section 5.02, it is understood and agreed that:

(i) none of the Agents, the Lenders, the Issuing Bank and their respective agents or employees shall be liable for any loss or damage insured by the insurance policies required to be maintained under this Section 5.02, it being understood that (A) the U.S. Borrower and the other Loan Parties shall look solely to their insurance companies or any other parties other than the aforesaid parties for the recovery of such loss or damage and (B) such insurance companies shall have no rights of subrogation against the Agents, the Lenders, any Issuing Bank or their agents or employees. If, however, the insurance policies do not provide waiver of subrogation rights against such parties, as required above, then each of Holdings and the U.S. Borrower hereby agree, to the extent permitted by law, to waive, and to cause each of the Subsidiaries to waive, its right of recovery, if any, against the Agents, the Lenders, any Issuing Bank and their agents and employees; and

(ii) the designation of any form, type or amount of insurance coverage by the Administrative Agent or the Collateral Agent under this Section 5.02 shall in no event be deemed a representation, warranty or advice by the Administrative Agent, the Collateral Agent or the Lenders that such insurance is adequate for the purposes of the business of Holdings, the U.S. Borrower and the Subsidiaries or the protection of their properties.

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SECTION 5.03. Taxes. Pay and discharge promptly when due all material Taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims for labor, materials and supplies or otherwise that, if unpaid, might give rise to a Lien upon such properties or any part thereof; provided, however, that such payment and discharge shall not be required with respect to any such Tax, assessment, charge, levy or claim so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings, and Holdings, the U.S. Borrower or the affected Subsidiary, as applicable, shall have set aside on its books reserves in accordance with GAAP with respect thereto and such contest effectively suspends collection of the contested obligation and the enforcement of any Lien securing such obligation.

SECTION 5.04. Financial Statements, Reports, etc. Furnish to the Administrative Agent (which will furnish such information to the Lenders):

(a) within 90 days (or such shorter period as the SEC shall specify for the filing of Annual Reports on Form 10-K) after the end of each fiscal year, a consolidated balance sheet and related statements of operations, cash flows and owners’ equity showing the financial position of the U.S. Borrower and the Subsidiaries as of the close of such fiscal year and the consolidated results of their operations during such year, all audited by independent public accountants of recognized national standing reasonably acceptable to the Administrative Agent and accompanied by an opinion of such accountants (which shall not be qualified in any material respect) to the effect that such consolidated financial statements fairly present, in all material respects, the financial position and results of operations of the U.S. Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP (it being understood that the delivery by the U.S. Borrower of Annual Reports on Form 10-K of the U.S. Borrower and its consolidated Subsidiaries shall satisfy the requirements of this Section 5.04(a) to the extent such Annual Reports include the information specified herein); provided that, in the event that (i) either Holdings becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, and (ii) Holdings is not engaged in any business or business activity other than that which is expressly permitted under Section 6.08, this clause may be satisfied by the provision of consolidated financial statements of Holdings in a manner consistent with the other requirements of this clause, and all references to the U.S. Borrower in this clause shall instead be deemed to be references to Holdings;

(b) within 45 days (or such shorter period as the SEC shall specify for the filing of Quarterly Reports on Form 10-Q) after the end of each of the first three fiscal quarters of each fiscal year, a consolidated balance sheet and related statements of operations and cash flows showing the financial position of the U.S. Borrower and the Subsidiaries as of the close of such fiscal quarter and the consolidated results of their operations during such fiscal quarter and the then-elapsed portion of the fiscal year, all

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certified by a Financial Officer of the U.S. Borrower, on behalf of the U.S. Borrower, as fairly presenting, in all material respects, the financial position and results of operations of the U.S. Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP (subject to normal year-end audit adjustments and the absence of footnotes) (it being understood that the delivery by the U.S. Borrower of Quarterly Reports on Form 10-Q of the U.S. Borrower and its consolidated subsidiaries shall satisfy the requirements of this Section 5.04(b) to the extent such Quarterly Reports include the information specified herein); provided that, in the event that (i) Holdings becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, and (ii) Holdings is not engaged in any business or business activity other than that which is expressly permitted under Section 6.08, this clause may be satisfied by the provision of consolidated financial statements of Holdings in a manner consistent with the other requirements of this clause, and all references to the U.S. Borrower in this clause shall instead be deemed to be references to Holdings;

(c) (i) no later than five Business Days after any delivery of financial statements under (a) or (b) above, a certificate of a Financial Officer of the U.S. Borrower (x) certifying that no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto and (y) setting forth computations in reasonable detail satisfactory to the Administrative Agent demonstrating compliance with the covenants contained in Sections 6.11 and 6.12, and (ii) no later than five Business Days after any delivery of financial statements under (a) above, a certificate of the accounting firm opining on or certifying such statements stating whether they obtained knowledge during the course of their examination of such statements of any Default or Event of Default (which certificate may be limited to accounting matters and disclaims responsibility for legal interpretations);

(d) promptly after the same become publicly available, copies of all periodic and other publicly available reports, proxy statements and, to the extent requested by the Administrative Agent, other materials filed by Holdings, the U.S. Borrower or any of the Subsidiaries with the SEC, or distributed to its stockholders generally, as applicable; provided that the delivery requirements in this clause (d) shall be deemed satisfied upon the filing of such materials with the SEC using its Electronic Data Gathering Analysis and Retrieval System or any successor or system;

(e) if, as a result of any change in accounting principles and policies from those as in effect on the Closing Date, the consolidated financial statements delivered pursuant to paragraph (a) or (b) above will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such clauses had no such change in accounting principles and policies been made, then, together with the first delivery of financial statements pursuant to paragraph (a) and (b) above following such change, a schedule prepared by a Financial Officer on behalf of Holdings or the U.S. Borrower, as applicable, reconciling such changes to what the financial statements would have been without such changes;

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(f) upon the reasonable request of the Administrative Agent, deliver updated Perfection Certificates (or, to the extent such request relates to specified information contained in the Perfection Certificates, such information) reflecting all changes since the date of the information most recently received pursuant to this paragraph (f), Section 4.01(a)(vi) or Section 5.10(e);

(g) promptly, a copy of all reports submitted to the Board of Directors (or any committee thereof) of any of Holdings, the U.S. Borrower or any Subsidiary in connection with any material interim or special audit made by independent accountants of the books of Holdings, the U.S. Borrower or any Subsidiary; and

(h) promptly, from time to time, such other information regarding the operations, business affairs and financial condition of Holdings, the U.S. Borrower or any of the Subsidiaries, or compliance with the terms of any Loan Document, or such consolidating financial statements, as in each case the Administrative Agent may reasonably request.

SECTION 5.05. Litigation and Other Notices. Furnish to the Administrative Agent written notice of the following promptly after any Responsible Officer of the U.S. Borrower obtains actual knowledge thereof:

(a) any Event of Default or Default, specifying the nature and extent thereof and the corrective action (if any) proposed to be taken with respect thereto;

(b) the filing or commencement of, or any written threat or notice of intention of any person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority or in arbitration, against Holdings, the U.S. Borrower or any of the Subsidiaries as to which an adverse determination is reasonably probable and which could reasonably be expected to have a Material Adverse Effect;

(c) any other development specific to Holdings, the U.S. Borrower or any of the Subsidiaries that is not a matter of general public knowledge and that has had, or could reasonably be expected to have, a Material Adverse Effect; and

(d) the occurrence of any ERISA Event, that together with all other ERISA Events that have occurred, could reasonably be expected to result in liability of Holdings, the U.S. Borrower, the Subsidiaries and all ERISA Affiliates in an aggregate amount in excess of $100,000,000.

SECTION 5.06. Compliance with Laws. Comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; provided that this Section 5.06 shall not apply to Environmental Laws, which are the subject of Section 5.09, or to laws related to Taxes, which are the subject of Section 5.03.

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SECTION 5.07. Maintaining Records; Access to Properties and Inspections. Maintain all financial records in accordance with GAAP and permit any persons designated by the Agents or, upon the occurrence and during the continuance of an Event of Default, any Lender to visit and inspect the financial records and the properties of Holdings, the U.S. Borrower or any of the Subsidiaries at reasonable times, upon reasonable prior notice to Holdings or the U.S. Borrower, and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any persons designated by the Agents or, upon the occurrence and during the continuance of an Event of Default, any Lender upon reasonable prior notice to Holdings or the U.S. Borrower to discuss the affairs, finances and condition of Holdings, the U.S. Borrower or any of the Subsidiaries with the officers thereof and independent accountants therefor (subject to reasonable requirements of confidentiality, including requirements imposed by law or by contract).

SECTION 5.08. Use of Proceeds. (a) Use the proceeds of the Revolving Loans and Swingline Loans and request issuance of Letters of Credit solely for general corporate purposes.

(b) [Reserved.]

(c) In the case of an Eligible Borrower, use the proceeds of any Ancillary Replacement Borrowing only for the purposes set forth in Section 2.22(e).

SECTION 5.09. Compliance with Environmental Laws. Comply, and make reasonable efforts to cause all lessees and other persons occupying its properties to comply, with all Environmental Laws applicable to its operations and properties; and obtain and renew all material, authorizations and permits required pursuant to Environmental Law for its operations and properties; and to conduct any investigations and/or remediations required by Environmental Laws, except, in each case with respect to this Section 5.09, to the extent the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

SECTION 5.10. Further Assurances; Additional Mortgages. (a) Execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, Mortgages and other documents), that may be required under any applicable law, or that the Administrative Agent may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the Loan Parties and provide to the Administrative Agent, from time to time upon reasonable request of the Administrative Agent, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens created or intended to be created by the Security Documents.

(b) If any asset (including any real property or improvements thereto or any interest therein) that has an individual fair market value in an amount having a Dollar Equivalent greater than $10,000,000 is acquired by the U.S. Borrower or any other Loan Party after the Restatement Effective Date or owned by an entity at the time it becomes a

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Subsidiary Loan Party (in each case other than assets constituting Collateral under a Security Document that become subject to the Lien of such Security Document upon acquisition thereof), cause such asset to be subjected to a Lien securing the Obligations and take, and cause the Subsidiary Loan Parties to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section, all at the expense of the Loan Parties, subject to paragraph (h) below.

(c) In the case of the U.S. Borrower, grant and cause each of the Domestic Subsidiary Loan Parties to grant to the Collateral Agent security interests and mortgages in such real property of the U.S. Borrower or any such Domestic Subsidiary Loan Parties as are not covered by the original U.S. Mortgages, to the extent acquired after the Restatement Effective Date and having a value at the time of acquisition in excess of $10,000,000 pursuant to documentation substantially in the form of the U.S. Mortgages delivered to the Collateral Agent on the Restatement Effective Date or in such other form as is reasonably satisfactory to the Collateral Agent (each, an “Additional Mortgage”) and constituting valid and enforceable perfected Liens superior to and prior to the rights of all third persons subject to no other Liens except as are expressly permitted by Section 6.02 or arising by operation of law, at the time of perfection thereof, record or file, and cause each such Subsidiary to record or file, the Additional Mortgage or instruments related thereto in such manner and in such places as is required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and pay, and cause each such Subsidiary to pay, in full, all Taxes, fees and other charges payable in connection therewith, in each case subject to paragraph (h) below.

(d) If any additional direct or indirect subsidiary of Holdings is formed or acquired after the Restatement Effective Date if such subsidiary is a Domestic Subsidiary Loan Party, within five Business Days after the date such subsidiary is formed or acquired, notify the Administrative Agent and the Lenders thereof and, within 20 Business Days after the date such subsidiary is formed or acquired, cause the Collateral and Guarantee Requirement to be satisfied with respect to such subsidiary and with respect to any Equity Interest in or Indebtedness of such subsidiary owned by or on behalf of any Loan Party.

(e) In the case of the U.S. Borrower, (i) furnish to the Collateral Agent prompt written notice of any change (A) in any Loan Party’s corporate name, (B) in any Loan Party’s identity or corporate structure or (C) in any Loan Party’s organizational identification number; provided that the U.S. Borrower shall not effect or permit any such change unless all filings have been made, or will have been made within any statutory period, under the Uniform Commercial Code or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral for the benefit of the Secured Parties and (ii) promptly notify the Administrative Agent if any material portion of the Collateral is damaged or destroyed.

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(f) Prior to any Foreign Subsidiary becoming a Foreign Subsidiary Loan Party, cause (i) the Collateral and Guarantee Requirement to be satisfied with respect to such Foreign Subsidiary, (ii) the Equity Interests and Pledged Collateral (if any) of such Foreign Subsidiary to be pledged pursuant to a Foreign Pledge Agreement and (iii) after giving effect to paragraph (h) below, at least a substantial portion of the assets (as reasonably determined by the Administrative Agent) of such Foreign Subsidiary to be subject to a valid first lien in favor of the Collateral Agent for the benefit of the Secured Parties.

(g) [Intentionally Omitted].

(h) The Collateral and Guarantee Requirement and the other provisions of this Section 5.10 need not be satisfied with respect to (i) any real property held by Holdings, the U.S. Borrower or any Subsidiary as a lessee under a lease, (ii) any Equity Interests acquired after the Restatement Effective Date pursuant to Section 6.04(s) if, and to the extent that, and for so long as (A) doing so would violate applicable law or a contractual obligation binding on such Equity Interests and (B) such law or obligation existed at the time of the acquisition thereof and was not created or made binding on such Equity Interests in contemplation of or in connection with the acquisition of such Subsidiary (provided that the foregoing clause (B) shall not apply in the case of a joint venture, including a joint venture that is a Subsidiary), (iii) any assets acquired after the Restatement Effective Date, to the extent that, and for so long as, taking such actions would violate a contractual obligation binding on such assets that existed at the time of the acquisition thereof and was not created or made binding on such assets in contemplation or in connection with the acquisition of such assets (except in the case of assets acquired with Indebtedness that constitutes a Capital Lease Obligation, mortgage financing or purchase money financing and that is secured by a Lien permitted pursuant to Section 6.02(r)) or (iv) any Subsidiary or asset with respect to which the Collateral Agent determines that the cost of the satisfaction of the Collateral and Guarantee Requirement or the provisions of this Section 5.10 with respect thereto exceeds the value of the security afforded thereby; provided that upon the reasonable request of the Collateral Agent, the U.S. Borrower shall, and shall cause any applicable Subsidiary to, use commercially reasonable efforts to have waived or eliminated any contractual obligation of the types described in clauses (ii) and (iii) above, other than those set forth in joint venture agreements to which the U.S. Borrower or a Subsidiary is party.

SECTION 5.11. Fiscal Year; Accounting. In the case of the U.S. Borrower, cause its fiscal year to end on December 31.

SECTION 5.12. [Intentionally Omitted].

SECTION 5.13. Post Restatement Effective Date Matters. The U.S. Borrower shall, or shall cause the applicable Loan Party to, deliver to the Collateral Agent (to the extent permitted by applicable law), (a) no later than 120 days after the Restatement Effective Date, or by such later date as the Collateral Agent deems appropriate, (i) amendments or supplements to Security Documents and such additional Security Documents (and all related documents, including opinions of counsel,

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reasonably requested by the Administrative Agent) as may be necessary or appropriate to provide that the Obligations, including the Revolving Credit Commitments and the Loans and other extensions of credit thereunder, shall be secured by a Lien on the Collateral described therein and (ii) such promissory notes evidencing Indebtedness owing to Loan Parties as are required pursuant to clause (e) of the Collateral and Guarantee Requirement and (b) no later than 30 days after the Restatement Effective Date, or by such later date as the Collateral Agent deems appropriate, a favorable written opinion (addressed to the Administrative Agent, the Lenders and the Issuing Banks) of local counsel for the Loan Parties in each jurisdiction in which any Domestic Subsidiary Loan Party is located, and the laws of which are not covered by the opinion delivered pursuant to Section 4.01(b) on the Restatement Effective Date. In addition, no later than 120 days after the Restatement Effective Date, or by such later date as the Collateral Agent deems appropriate, the U.S. Borrower shall, or shall cause the applicable Loan Party to, satisfy the Collateral and Guarantee Requirement with respect to each Mortgaged Property.

SECTION 5.14. Collateral Release. (a) Immediately upon the commencement of any Collateral Release Period, the security interests of the Collateral Agent and the other Secured Parties in the Collateral shall automatically be terminated and released; provided that the Guarantee of each Loan Party of the Obligations pursuant to the Loan Documents shall remain in effect during any such Collateral Release Period. During any Collateral Release Period, the Administrative Agent and the Collateral Agent shall execute and deliver, at the U.S. Borrower’s expense, all documents or other instruments that the U.S. Borrower shall reasonably request to evidence the termination and release of such security interests and shall return all Collateral in their possession to the U.S. Borrower.

(b) During any Collateral Release Period:

(i) The representations and warranties set forth in Section 3.17 shall not be required to be true and correct in any respect in connection with any Credit Event occurring during such period, and the inaccuracy in any respect of such representations and warranties shall not give rise to any Default or Event of Default pursuant to Section 7.01(a);

(ii) Holdings and the Borrowers shall not be required to comply with the terms of Sections 5.02(b), (c), (d) or (e);

(iii) Holdings and the Borrowers shall not be required to comply with the terms of Section 5.10 to the extent such terms require the creation and perfection of security interests or Liens on Collateral (it being understood that Holdings and the Borrowers shall continue to be required to comply with the terms of Section 5.10 that require the provision of Guarantees by Loan Parties in respect of the Obligations); and

(iv) The occurrence of any of the events described in Section 7.01(l)(ii) shall not constitute or give rise to any Default or Event of Default.

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(c) Upon the termination of any Collateral Release Period, the security interests of the Collateral Agent and the Secured Parties in the Collateral shall automatically, without any further action on the part of the Administrative Agent, the Collateral Agent, the Secured Parties or any Loan Party, be reinstated and the provisions of Section 5.14(a) and (b) shall no longer apply (until the commencement of a subsequent Collateral Release Period). Promptly following the termination of any Collateral Release Period, the Loan Parties shall execute any and all documents, financing statements, agreements and instruments, and take all such actions (including the filing and recording of financing statements, mortgages, fixture filings and other documents) that may be required under applicable law or that the Administrative Agent or Collateral Agent shall reasonably request, to reinstate such security interests and to cause the Collateral and Guarantee Requirement to be satisfied (all at the expense of the Loan Parties), including with respect to any Subsidiaries or assets that would have been subjected to the Collateral and Guarantee Requirement under Section 5.10 had such terminated Collateral Release Period not been in effect; provided that all such actions shall be completed (i) with respect to the security interests in Collateral held by Holdings, the U.S. Borrower and each Domestic Subsidiary Loan Party (other than owned real property), no later than 30 days after the date of termination of such Collateral Release Period, (ii) with respect to Collateral held by Holdings, the U.S. Borrower and each Domestic Subsidiary Loan Party that constitutes owned real property, no later than 45 days after the date of termination of such Collateral Release Period and (iii) with respect to Collateral held by any Foreign Subsidiary Loan Party, no later than 90 days after the date of termination of such Collateral Release Period (or, in each case, such later date as the Collateral Agent shall deem appropriate).

ARTICLE VI

Negative Covenants

Each of Holdings and the Borrowers covenants and agrees with each Lender that, so long as this Agreement shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document have been paid in full and all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing, neither Holdings nor the U.S. Borrower will, or will cause or permit any of the Subsidiaries to:

SECTION 6.01. Indebtedness. Permit Holdings the U.S. Borrower or any Subsidiary to incur, create, assume or permit to exist any Indebtedness, except:

(a) Indebtedness created hereunder and under the other Loan Documents;

(b) Indebtedness of the U.S. Borrower and the Subsidiaries pursuant to Swap Agreements permitted by Section 6.13;

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(c) Indebtedness owed to (including obligations in respect of letters of credit or bank guarantees for the benefit of) any person providing workers’ compensation, health, disability or other employee benefits or property, casualty or liability insurance to the U.S. Borrower or any Subsidiary, pursuant to reimbursement or indemnification obligations to such person, provided that upon the incurrence of Indebtedness with respect to reimbursement obligations regarding workers’ compensation claims, such obligations are reimbursed not later than 30 days following such incurrence;

(d) Indebtedness of any Borrower to any Subsidiary and any Subsidiary to any Borrower or any other Subsidiary, provided that (i) Indebtedness of the Subsidiaries that are not Loan Parties to the Borrowers and the Subsidiary Loan Parties shall be subject to Section 6.04(d) and (ii) Indebtedness of any Borrower to any Subsidiary and Indebtedness of any other Loan Party to any Subsidiary that is not a Subsidiary Loan Party (the “Subordinated Intercompany Debt”) shall be subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent (other than Indebtedness of any Loan Party in respect of loans made by Fortuna described on Schedule 6.07);

(e) Indebtedness of the U.S. Borrower and the Subsidiaries in respect of performance bonds, bid bonds, appeal bonds, surety bonds and completion guarantees and similar obligations, in each case provided in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business and any extension, renewal or refinancing thereof to the extent that the amount of refinancing Indebtedness is not greater than the amount of Indebtedness being refinanced (plus unpaid accrued interest and premium thereon);

(f) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business, provided that such Indebtedness is extinguished promptly after its incurrence;

(g) Guarantees by Holdings and the Subsidiaries of (i) the New Senior Notes and any Permitted Notes Refinancing Indebtedness in respect of the New Senior Notes, in either case pursuant to the terms of the New Senior Note Indentures or the definitive documentation with respect to such Permitted Notes Refinancing Indebtedness, as applicable and (ii) the 3.5% Exchangeable Senior Notes and any Permitted Notes Refinancing Indebtedness in respect of the 3.5% Exchangeable Senior Notes, in either case pursuant to the terms of the 3.5% Exchangeable Senior Note Indenture or the definitive documentation with respect to such Permitted Notes Refinancing Indebtedness, as applicable ;

(h) Indebtedness arising from agreements of the U.S. Borrower or a Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with the disposition of any business, assets or a Subsidiary, other than Guarantees of Indebtedness incurred by any person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition;

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(i) in the case of Holdings, the Intermediate Holdings Loan;

(j) the Permitted Receivables Financing;

(k) the Xxxxx Loan;

(l) letters of credit and bank guarantees (other than Letters of Credit issued pursuant to Section 2.05) having an aggregate face amount not in excess of $100,000,000;

(m) (i) Indebtedness of the Subsidiaries in an aggregate principal amount at any time outstanding pursuant to this paragraph (m) not in excess of $650,000,000; provided that (A) the stated maturity of such Indebtedness is no earlier than 180 days after the Latest Maturity Date on the date of issuance of such Indebtedness, (B) the weighted average life of such Indebtedness is no shorter than the then-remaining weighted average life of any Class of Term Loans outstanding on the date of issuance of such Indebtedness, (C) such Indebtedness shall not be secured by any collateral and (D) all other terms (excluding interest rates and redemption premiums) of such Indebtedness shall not be less favorable to the Lenders in any material respect than those contained in the New Senior Notes (or, if such Indebtedness is subordinated to the Obligations, on customary market terms reasonably acceptable to the Administrative Agent) and (ii) Guarantees by Holdings, the U.S. Borrower and the Subsidiaries of Indebtedness permitted to be incurred pursuant to clause (i) of this paragraph (m);

(n) the New Senior Notes and the 3.5% Exchangeable Senior Notes and, in each case, any Permitted Notes Refinancing Indebtedness in respect thereof;

(o) (i) other Indebtedness of the U.S. Borrower or Subsidiaries not permitted under any other clause of this Section 6.01 in an aggregate principal amount that at the time of, and after giving effect to, the incurrence thereof (together with all other Indebtedness incurred and outstanding pursuant to this clause (o)) would not exceed 10% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date of such incurrence for which financial statements have been delivered pursuant to Section 5.04 and (ii) Guarantees by Holdings, the U.S. Borrower and the Subsidiaries of Indebtedness permitted to be incurred pursuant to clause (i) of this paragraph (o);

(p) [reserved];

(q) (i) other Indebtedness of the U.S. Borrower for borrowed money in respect of debt securities issued in a capital markets transaction, provided that (A) such Indebtedness is unsecured, (B) to the extent such Indebtedness is subordinated to the Obligations, the subordination provisions are on terms reasonably satisfactory to the Administrative Agent, (C) the stated maturity of such Indebtedness is no earlier than 91 days after the Latest Maturity Date on the date of issuance of such Indebtedness, (D) the weighted average life of such Indebtedness (other than Permitted Junior Convertible Debt) is no shorter than the then-remaining weighted average life of any Class of Term Loans then outstanding, (E) such Indebtedness contains other terms (including covenants, events of default, remedies, redemption provisions and change of control provisions) that

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are market terms on the date of issuance, provided that such covenants and events of default are not materially more restrictive than the covenants and events of default contained in this Agreement and do not require the maintenance or achievement of any financial performance standards other than as a condition to the taking of specified actions, and (F) such Indebtedness bears interest at a market rate of interest on the date of issuance of such Indebtedness as determined by the U.S. Borrower’s board of directors in good faith (such Indebtedness being “Permitted Junior Debt”); it being understood that any Permitted Junior Debt may be convertible or exchangeable into Equity Interests of Holdings (such Indebtedness being “Permitted Junior Convertible Debt”), (ii) any Permitted Notes Refinancing Indebtedness incurred to Refinance any Permitted Junior Debt and (iii) Guarantees by Holdings or any Domestic Subsidiary Loan Party of any Permitted Junior Debt or any Permitted Notes Refinancing Indebtedness in respect of Permitted Junior Debt; provided, that such Guarantees shall be subordinated to the Obligations of Holdings to the same extent and on the same terms as the Permitted Junior Debt so Guaranteed is subordinated to the Obligations;

(r) Junior Permitted Additional Secured Debt and Senior Permitted Additional Secured Debt in an aggregate principal amount not to exceed $500,000,000 at any time outstanding to the extent that 100% of the proceeds from the incurrence, issuance or sale by the U.S. Borrower of such Indebtedness (net of all Taxes and fees (including investment banking fees), commissions, costs and other expenses, in each case incurred in connection with such incurrence, issuance or sale) (such cash proceeds, the “Refinancing Proceeds”) are applied to (x) prepay Term Loans or (y) refinance outstanding Junior Permitted Permitted Additional Secured Debt or Senior Permitted Additional Secured Debt;

(s) Guarantees by Xxxxx of Indebtedness permitted by clauses (m), (p), (q) and (r) of this Section 6.01; and

(t) Indebtedness of Holdings for borrowed money owing to the U.S. Borrower or any Subsidiary the proceeds of which shall be used by Holdings solely for the purpose of the purchasing or redeeming Equity Interests of Holdings in connection with a Permitted Call Spread Transaction; provided that Indebtedness of Holdings owing to any Subsidiary that is not a Loan Party shall be subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent.

Notwithstanding anything to the contrary herein, Xxxxx shall not be permitted to incur any Indebtedness other than the Xxxxx Loan and any Guarantees pursuant to paragraphs (g) and (s) of this Section 6.01 (other than Indebtedness owing to any Loan Party that is evidenced by a promissory note and pledged pursuant to the U.S. Collateral Agreement or a Foreign Pledge Agreement, which Indebtedness shall be subject to Section 6.04(d)).

SECTION 6.02. Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including stock or other securities of any person, including any subsidiary of Holdings or the U.S. Borrower) at the time owned by it or on any income or revenues or rights in respect of any thereof, except:

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(a) Liens on property or assets of the U.S. Borrower and the Subsidiaries that were existing on May 9, 2007 and were set forth on Schedule 6.02 of the Existing Credit Agreement, provided that such Liens shall continue to secure only those obligations that they secured on May 9, 2007 (and extensions, renewals and refinancings of such obligations that do not increase the principal amount of the obligations being extended, renewed or refinanced (plus accrued and unpaid interest and premium thereon) and that are permitted by Section 6.01(a)) and shall not subsequently apply to any other property or assets of Holdings, the U.S. Borrower or any Subsidiary;

(b) any Lien created under the Loan Documents or permitted in respect of any Mortgaged Property by the terms of the applicable Mortgage;

(c) Liens for Taxes, assessments or other governmental charges or levies not yet delinquent or that are being contested in compliance with Section 5.03 or for property Taxes on property that Holdings, the U.S. Borrower or one of the Subsidiaries has determined to abandon if the sole recourse for such Tax, assessment, charge, levy or claim is to such property;

(d) landlord’s, carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or that are being contested in good faith by appropriate proceedings and in respect of which, if applicable, Holdings, the U.S. Borrower or the relevant Subsidiary shall have set aside on its books reserves in accordance with GAAP;

(e) (i) pledges and deposits made in the ordinary course of business in compliance with the Federal Employers Liability Act or any other workers’ compensation, unemployment insurance and other social security laws or regulations and deposits securing liability to insurance carriers under insurance or self-insurance arrangements in respect of such obligations and (ii) pledges and deposits securing liability for reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance to the U.S. Borrower or any Subsidiary;

(f) deposits to secure the performance of bids, trade contracts (other than for Indebtedness), leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business;

(g) zoning restrictions, easements, trackage rights, leases (other than Capital Lease Obligations), licenses, special assessments, rights-of-way, restrictions on use of real property and other similar encumbrances incurred in the ordinary course of business that, in the aggregate, are not substantial in amount and do not materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the business of Holdings, the U.S. Borrower or any of the Subsidiaries;

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(h) Liens securing judgments that do not constitute an Event of Default under Section 7.01(j);

(i) Liens disclosed by the title insurance policies and title endorsements delivered on the Restatement Effective Date and pursuant to Section 5.10 and Section 5.13 and any replacement, extension or renewal of any such Lien, provided that such replacement, extension or renewal Lien shall not cover any property other than the property that was subject to such Lien prior to such replacement, extension or renewal, provided, further, that the Indebtedness and other obligations secured by such replacement, extension or renewal Lien are permitted by this Agreement;

(j) Liens in respect of the Permitted Receivables Financing;

(k) any interest or title of a lessor under any leases or subleases entered into by the U.S. Borrower or any Subsidiary in the ordinary course of business;

(l) Liens that are contractual rights of set-off (i) relating to the establishment of depository relations with banks not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the U.S. Borrower or any Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the U.S. Borrower and the Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of the U.S. Borrower or a Subsidiary in the ordinary course of business;

(m) Liens arising solely by virtue of any statutory or common law provision relating to banker’s liens, rights of set-off or similar rights;

(n) Liens securing obligations in respect of letters of credit or bank guarantees, in each case as permitted under Section 6.01(l) and covering the goods (or the documents of title in respect of such goods) financed by such letters of credit or bank guarantees, as the case may be, and the proceeds and products thereof;

(o) licenses of intellectual property granted in a manner consistent with past practice;

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

(q) Liens on securities held by the U.S. Borrower or any Subsidiary representing an interest in a joint venture to which the U.S. Borrower or such Subsidiary is a party (provided that such joint venture is not a Subsidiary) to the extent that (i) such Liens constitute purchase options, calls or similar rights of a counterparty to such joint venture and (ii) such Liens are granted pursuant to the terms of the partnership agreement, joint venture agreement or other similar document or documents pursuant to which such joint venture was created or otherwise governing the rights and obligations of the parties to such joint venture;

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(r) other Liens not permitted under any other clause of this Section 6.02 to secure obligations of the U.S. Borrower and the Subsidiaries in an aggregate amount that at the time of, and after giving effect to, the creation of such Lien (together with the Remaining Present Value of leases permitted under Section 6.03) would not exceed 7.5% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date of creation of such Lien for which financial statements have been delivered pursuant to Section 5.04;

(s) Second-Priority Liens securing Permitted Notes Refinancing Indebtedness in respect of the New Senior Notes or the 3.5% Exchangeable Senior Notes in an aggregate principal amount payable at maturity not to exceed $200,000,000;

(t) Second-Priority Liens on the Collateral securing Junior Permitted Additional Secured Debt permitted under Section 6.01(r) and Liens on the Collateral securing Senior Permitted Additional Secured Debt permitted under Section 6.01(r); and

(u) a call option with respect to the Equity Interests of Holdings that is sold by Holdings or any of its Subsidiaries in connection with a Permitted Call Spread Transaction.

SECTION 6.03. Sale and Lease-Back Transactions. Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold or transferred (a “Sale and Lease-Back Transaction”), provided that a Sale and Lease-Back Transaction shall be permitted to the extent that (a) such transaction was existing or under contract on May 9, 2007 and were set forth on Schedule 6.03 of the Existing Credit Agreement or (b) at the time the lease in connection therewith is entered into, and after giving effect to the entering into of such Lease, the Remaining Present Value of such lease (together with all outstanding obligations secured by Liens pursuant to Section 6.02(r) and the Remaining Present Value of outstanding leases entered into under this Section 6.03) would not exceed 7.5% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date such lease is entered into for which financial statements have been delivered pursuant to Section 5.04.

SECTION 6.04. Investments, Loans and Advances. Purchase, hold or acquire (including pursuant to any merger with a person that is not a Wholly Owned Subsidiary immediately prior to such merger) any Equity Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or advances (other than intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations of the U.S. Borrower and the Subsidiaries) to or Guarantees of the obligations of, or make or permit to exist any investment or any other interest in, any other person, except:

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(a) investments (i) that were existing on May 9, 2007 in the Equity Interests of the Subsidiaries, (ii) by Holdings in the Equity Interests of the U.S. Borrower and (iii) by any Borrower or any Subsidiary in any Borrower or any Subsidiary, provided that investments (other than Exempted Intercompany Investments) by the Borrowers and the Subsidiary Loan Parties pursuant to this paragraph (a)(iii) in Subsidiaries that are not Loan Parties (valued at the time of the making thereof) shall not exceed the Available Intercompany Investment Amount at the time of the making of each such investment;

(b) Permitted Investments and investments that were Permitted Investments when made;

(c) investments arising out of the receipt by the U.S. Borrower or any Subsidiary of noncash consideration for the sale of assets permitted under Section 6.05;

(d) intercompany loans from any Borrower to any Subsidiary and from any Subsidiary to any Borrower or any other Subsidiary, provided that loans (other than Exempted Intercompany Investments) from the Borrowers and the Subsidiary Loan Parties pursuant to this paragraph (d) to Subsidiaries that are not Loan Parties shall not exceed the Available Intercompany Investment Amount at the time of the making of each such intercompany loan;

(e) (i) loans and advances to employees of Holdings, the U.S. Borrower or the Subsidiaries in the ordinary course of business not to exceed $10,000,000 in the aggregate at any time outstanding (calculated without regard to write-downs or write-offs thereof), (ii) advances of payroll payments and expenses to employees in the ordinary course of business, (iii) loans and advances to employees of Holdings, the U.S. Borrower or the Subsidiaries in the ordinary course of business for travel, entertainment and relocation expenses and (iv) loans and advances to employees of Subsidiaries acquired in Permitted Business Acquisitions and not created in anticipation of such acquisitions;

(f) accounts receivable arising and trade credit granted in the ordinary course of business and any securities received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss;

(g) Swap Agreements permitted pursuant to Section 6.13;

(h) Investments that were existing on May 9, 2007 and were set forth on Schedule 6.04(h) of the Existing Credit Agreement;

(i) investments resulting from pledges and deposits referred to in Sections 6.02(e) and (f) and any pledges or deposits of cash collateral required in connection with any Swap Agreements entered into with a Lender (or an Affiliate of a Lender) permitted by Section 6.13 that are documented under International Swaps and Derivative Association documentation;

(j) investments constituting Permitted Business Acquisitions;

(k) additional investments may be made from time to time to the extent made with proceeds of Equity Interests (excluding proceeds received as a result of the exercise of Cure Rights pursuant to Section 7.03) of Holdings, which proceeds or investments in turn are contributed to the U.S. Borrower;

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(l) (i) Guarantees by the U.S. Borrower and (ii) Guarantees constituting Indebtedness permitted by Sections 6.01(g), (m), (o), (p), (q) and (s), provided that the aggregate principal amount of Indebtedness of Subsidiaries that are not Loan Parties that is Guaranteed (other than Exempted Intercompany Investments) by the Borrowers and the Subsidiary Loan Parties pursuant to this paragraph (l) shall not exceed the Available Intercompany Investment Amount at the time of the provision of each such Guarantee;

(m) investments arising as a result of the Permitted Receivables Financing;

(n) the Transactions;

(o) investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with or judgments against, customers and suppliers, in each case in the ordinary course of business;

(p) investments of a Subsidiary acquired after the Restatement Effective Date or of a corporation merged into the U.S. Borrower or merged into or consolidated with a Subsidiary in accordance with Section 6.05 after the Restatement Effective Date to the extent that such investments were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation;

(q) Guarantees by the Borrowers and the Subsidiaries of leases (other than Capital Lease Obligations) or of other obligations that do not constitute Indebtedness, in each case entered into by any Subsidiary in the ordinary course of business;

(r) the Intermediate Holdings Loan;

(s) other investments by the U.S. Borrower and the Subsidiaries (i) in an aggregate amount (valued at the time of the making thereof, and without giving effect to any write-downs or write-offs thereof) that at the time of, and after giving effect to, the making thereof would not exceed 7.5% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date of such investment for which financial statements have been delivered pursuant to Section 5.04 (plus any return of capital actually received by the respective investors in respect of investments theretofore made by them pursuant to this paragraph (s)); provided that any such investment made in a person that, within 90 days following the date of such investment, becomes a Subsidiary shall be recharacterized as an investment under clause (iv) of paragraph (a) above to the extent such investment is permitted thereunder at such time, and to such extent shall no longer be an investment made under this paragraph (s) and (ii) without limitation as to amount, so long as the Leverage Ratio as of the last day of the most recently ended fiscal quarter for which financial statements have been delivered pursuant to Section 5.04 prior to such investment, calculated on a Pro Forma Basis, is less than 1.50 to 1.00; provided that in the case of this clause (ii), no Default or Event of Default shall have occurred and be continuing or would result therefrom;

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(t) investments by the U.S. Borrower or any of its Subsidiaries in Fortuna; provided that (i)(A) the proceeds of such investments are used for the sole purpose of paying claims covered by insurance coverage provided by Fortuna to the U.S. Borrower and its Subsidiaries and (B) the aggregate amount of any such investments shall not exceed an amount equal to (1) the aggregate amount of claims then owing by Fortuna pursuant to insurance coverage provided to the U.S. Borrower and its Subsidiaries by Fortuna less (2) the sum of (x) the aggregate amount of cash reserves then held by Fortuna and (y) the aggregate amount of Indebtedness then owed to Fortuna by the U.S. Borrower and its Subsidiaries or (ii) such investment is required by applicable law or Governmental Authority; and

(u) investments resulting from the conversion into equity, or other reduction, of any Foreign Acquiror Loan.

SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions. Merge into or consolidate with any other person, or permit any other person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or any part of its assets (whether now owned or hereafter acquired), or issue, sell, transfer or otherwise dispose of any Equity Interests of the U.S. Borrower or any Subsidiary or preferred equity interests of Holdings, or purchase, lease or otherwise acquire (in one transaction or a series of transactions) all or any substantial part of the assets of any other person, except that this Section shall not prohibit:

(a) (i) the purchase and sale of inventory in the ordinary course of business by the U.S. Borrower or any Subsidiary, (ii) the acquisition of any other asset in the ordinary course of business by the U.S. Borrower or any Subsidiary, (iii) the sale of surplus, obsolete or worn out equipment or other property in the ordinary course of business by the U.S. Borrower or any Subsidiary or (iv) the sale of Permitted Investments in the ordinary course of business;

(b) if at the time thereof and immediately after giving effect thereto no Event of Default or Default shall have occurred and be continuing, (i) the merger of Holdings with the U.S. Borrower, (ii) [reserved], (iii) the merger of any Subsidiary into a Borrower in a transaction in which such Borrower is the surviving corporation, (iv) the merger or consolidation of any Subsidiary into or with any Subsidiary Loan Party in a transaction in which the surviving or resulting entity is a Subsidiary Loan Party (which shall be a Domestic Subsidiary Loan Party if any party to such merger or consolidation shall be a domestic Subsidiary) and, in the case of each of clauses (iii) and (iv), no person other than a Borrower or Subsidiary Loan Party receives any consideration, (v) the merger or consolidation of any Subsidiary that is not a Subsidiary Loan Party into or with any other Subsidiary that is not a Subsidiary Loan Party or (vi) the liquidation or dissolution of any Subsidiary (other than a Borrower) if the U.S. Borrower determines in good faith that such liquidation or dissolution is in the best interests of the U.S. Borrower and is not materially disadvantageous to the Lenders;

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(c) sales, transfers, leases or other dispositions to the U.S. Borrower or a Subsidiary (upon voluntary liquidation or otherwise); provided that any sales, transfers, leases or other dispositions by a Loan Party to a Subsidiary that is not a Loan Party shall be made in compliance with Section 6.07;

(d) Sale and Lease-Back Transactions permitted by Section 6.03;

(e) investments expressly permitted by Section 6.04;

(f) the purchase, sale or other transfer of accounts receivable and related assets pursuant to the Permitted Receivables Financing;

(g) the sale of defaulted receivables in the ordinary course of business and not as part of an accounts receivables financing transaction;

(h) sales, transfers, leases or other dispositions of assets not otherwise permitted by this Section 6.05 (other than the note evidencing or any right to payment in respect of the Intermediate Holdings Loan or the Xxxxx Loan), provided that such sale does not constitute a sale of all or substantially all the assets of Holdings, the U.S. Borrower and the Subsidiaries, taken as a whole;

(i) any merger or consolidation in connection with a Permitted Business Acquisition, provided that following any such merger or consolidation (i) involving a Borrower, such Borrower is the surviving corporation, (ii) involving a domestic Subsidiary, the surviving or resulting entity shall be a Domestic Subsidiary Loan Party that is a Wholly Owned Subsidiary and (iii) involving a Foreign Subsidiary, the surviving or resulting entity shall be a Foreign Subsidiary Loan Party that is a Wholly Owned Subsidiary; and

(j) licensing and cross-licensing arrangements involving any technology or other intellectual property of the U.S. Borrower or a Subsidiary in the ordinary course of business.

Notwithstanding anything to the contrary contained above, (i) Holdings shall at all times own, directly or indirectly, 100% of the Equity Interests of the U.S. Borrower, (ii) [reserved], (iii) each Foreign Subsidiary Borrower and Xxxxx shall be a Wholly Owned Subsidiary, (iv) no sale, transfer or other disposition of assets shall be permitted by this Section 6.05 (other than sales, transfers, leases or other dispositions to Loan Parties pursuant to paragraph (c) hereof) unless such disposition is for fair market value, (v) no sale, transfer or other disposition of assets shall be permitted by paragraphs (a) or (d) of this Section 6.05 unless such disposition is for at least 75% cash consideration and (vi) no sale, transfer or other disposition of assets in excess of $250,000,000 shall be permitted by paragraph (h) of this Section 6.05 unless such disposition is for at least 75% cash consideration; provided, however, that (A) for purposes of clause (vi) of this sentence, the assumption by the transferee of liabilities associated with the assets subject

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to any sale, transfer or other disposition shall not be deemed to be consideration paid in respect of such assets and (B) for purposes of clauses (v) and (vi) of this sentence, any Designated Non-Cash Consideration received by the U.S. Borrower or any Subsidiary in respect of any such sale, transfer or other disposition (valued at the time of receipt thereof, and without giving effect to any write-downs or write-offs thereof) having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration previously applied pursuant to this clause (B) less the net cash proceeds of any subsequent sale of any such Designated Non-Cash Consideration, not to exceed the greater of (x) 2.5% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date of such sale, transfer or other disposition for which financial statements have been delivered pursuant to Section 5.04 and (y) $100,000,000, shall be deemed to constitute “cash consideration” received in respect of such sale, transfer or other disposition.

SECTION 6.06. Dividends and Distributions. Declare or pay, directly or indirectly, any dividend or make any other distribution (by reduction of capital or otherwise), whether in cash, property, securities or a combination thereof, with respect to any of its Equity Interests (other than dividends and distributions on Holdings Common Stock payable solely by the issuance of additional shares of Holdings Common Stock) or directly or indirectly redeem, purchase, retire or otherwise acquire for value (or permit any Subsidiary to purchase or acquire) any shares of any class of its Equity Interests or set aside any amount for any such purpose; provided, however, that:

(a) any Subsidiary may declare and pay dividends to, repurchase its Equity Interests from or make other distributions to the U.S. Borrower or to any Wholly Owned Subsidiary (or, in the case of non-Wholly Owned Subsidiaries, to the U.S. Borrower or any Subsidiary and to each other owner of Equity Interests of such Subsidiary on a pro rata basis (or more favorable basis from the perspective of the U.S. Borrower or such Subsidiary) based on their relative ownership interests);

(b) the U.S. Borrower may declare and pay dividends or make other distributions to Holdings in respect of (i) overhead, tax liabilities of Holdings, legal, accounting and other professional fees and expenses, (ii) fees and expenses related to any equity offering, investment or acquisition permitted hereunder (whether or not successful) and (iii) other fees and expenses in connection with the maintenance of its existence and its ownership of the U.S. Borrower, and in order to permit Holdings to make payments permitted by Sections 6.07(b) and (c);

(c) Holdings may purchase or redeem (and the U.S. Borrower may declare and pay dividends or make other distributions to Holdings, the proceeds of which are used by Holdings to so purchase or redeem) Equity Interests of Holdings (including related stock appreciation rights or similar securities) held by then present or former directors, consultants, officers or employees of Holdings, the U.S. Borrower or any of the Subsidiaries or by any Plan upon such person’s death, disability, retirement or termination of employment or under the terms of any such Plan or any other agreement under which such shares of stock or related rights were issued, provided that the aggregate amount of such purchases or redemptions under this paragraph (c) shall not

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exceed in any fiscal year $7,500,000 (plus the amount of net proceeds received by Holdings during such calendar year from sales of Equity Interests of Holdings to directors, consultants, officers or employees of Holdings, the U.S. Borrower or any Subsidiary in connection with permitted employee compensation and incentive arrangements) which, if not used in any year, may be carried forward to any subsequent calendar year;

(d) Holdings, the U.S. Borrower and any Subsidiary may make noncash repurchases of Equity Interests that are deemed to occur upon exercise of stock options if such Equity Interests represent a portion of the exercise price of such options;

(e) Holdings may purchase or redeem, or declare and pay dividends or make other distributions in respect of (and the U.S. Borrower may declare and pay dividends or make other distributions to Holdings, the proceeds of which are used by Holdings so to purchase or redeem (including all costs of such purchase or redemption), or pay such dividends or make such other distributions in respect of) Equity Interests of Holdings (including the purchase or redemption of related stock appreciation rights or similar securities with respect to such Equity Interests) (i) in an aggregate amount not to exceed the sum of (A)(x) $250,000,000 minus the aggregate amount of purchases, redemptions, dividends and distributions made on or after the Restatement Effective Date pursuant to this clause (A), plus (B) the Cumulative Net Income Amount at the time of such purchase, redemption, dividend or distribution, and (ii) without limitation as to amount, so long as the Leverage Ratio as of the last day of the most recently ended fiscal quarter for which financial statements have been delivered pursuant to Section 5.04, prior to the date of such purchase, redemption, dividend or distribution, calculated on a Pro Forma Basis, is less than 1.50 to 1.00; provided that in the case of clauses (i) and (ii) above, no Default or Event of Default shall have occurred and be continuing or would result therefrom; and

(f) Holdings may purchase or redeem (and the U.S. Borrower may declare and pay dividends or make other distributions to Holdings, the proceeds of which are used by Holdings to purchase or redeem) Equity Interests of Holdings or in connection with a Permitted Call Spread Transaction.

Notwithstanding anything to the contrary herein, in the event of any merger of the U.S. Borrower with Holdings pursuant to Section 6.05(b)(ii), any dividend permitted to be made under this Section 6.08 to the U.S. Borrower may be made to Holdings.

SECTION 6.07. Transactions with Affiliates. (a) Sell or transfer any property or assets to, or purchase or acquire any property or assets from, or otherwise engage in any other transaction with, any of its Affiliates or any known direct or indirect holder of 10% or more of any class of capital stock of Holdings, unless such transaction is (i) otherwise permitted (or required) under this Agreement (including in connection with the Permitted Receivables Financing and the Intermediate Holdings Loan) and (ii) upon terms no less favorable to Holdings, the U.S. Borrower or such Subsidiary, as applicable, than would be obtained in a comparable arm’s-length transaction with a

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person that is not an Affiliate; provided that this clause (ii) shall not apply to (A) the payment to the Fund of the monitoring and management fees referred to in paragraph (c) below or (B) the indemnification of directors of Holdings, the U.S. Borrower and the Subsidiaries in accordance with customary practice.

(b) The foregoing paragraph (a) shall not prohibit, to the extent otherwise permitted under this Agreement, (i) any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment arrangements, stock options and stock ownership plans approved by the Board of Directors of Holdings, (ii) loans or advances to employees of Holdings, the U.S. Borrower or any of the Subsidiaries in accordance with Section 6.04(e), (iii) (A) transactions among the Borrowers and the Subsidiary Loan Parties and transactions among the Subsidiary Loan Parties otherwise permitted by this Agreement and (B) transactions among the Borrowers and the Subsidiaries solely to the extent such transactions are consummated to effect a corporate restructuring, (iv) the payment of fees and indemnities to directors, officers and employees of Holdings, the U.S. Borrower and the Subsidiaries in the ordinary course of business, (v) transactions pursuant to permitted agreements that were in existence on May 9, 2007 and were set forth on Schedule 6.07 of the Existing Credit Agreement or any amendment thereto to the extent such amendment is not adverse to the Lenders in any material respect, (vi) any employment agreements entered into by any of the U.S. Borrower or any of the Subsidiaries in the ordinary course of business, (vii) dividends, redemptions and repurchases permitted under Section 6.06, (viii) any purchase by the Fund or any Fund Affiliate of Equity Interests of Holdings, (ix) payments by Holdings, the U.S. Borrower or any of the Subsidiaries to the Fund or any Fund Affiliate made for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including in connection with acquisitions or divestitures, which payments are approved by the majority of the Board of Directors of Holdings, in good faith, (x) subject to paragraph (c) below, the existence of, or the performance by Holdings, the U.S. Borrower or any of the Subsidiaries of its obligations under the terms of, the Purchase Agreement, or any agreement contemplated thereunder to which it is a party as of the Closing Date; provided, however, that the existence of, or the performance by Holdings, the U.S. Borrower or any Subsidiary of obligations under any future amendment to any such existing agreement or under any similar agreement entered into after the Closing Date shall only be permitted by this clause (x) to the extent that the terms of any such amendment or new agreement are not otherwise disadvantageous to the Lenders in any material respect, (xi) transactions with Subsidiaries for the purchase or sale of automotive goods, products, parts and services entered into in the ordinary course of business in a manner consistent with past practice, (xii) any transaction in respect of which the U.S. Borrower delivers to the Administrative Agent (for delivery to the Lenders) a letter addressed to the Board of Directors of the U.S. Borrower or of the applicable Subsidiary from an accounting, appraisal or investment banking firm, in each case of nationally recognized standing that is (A) in the good faith determination of the U.S. Borrower qualified to render such letter and (B) satisfactory to the Administrative Agent, which letter states that such transaction is on terms that are no less favorable to the U.S. Borrower or such Subsidiary, as applicable, than would be obtained in a comparable arm’s-length transaction with a person that is not an Affiliate or (xiii) subject to paragraph (c) below, the payment of all fees, expenses, bonuses and awards related to the transactions contemplated by the Purchase Agreement, including fees to the Fund or any Fund Affiliate.

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(c) Make any payment of or on account of monitoring or management or similar fees payable to the Fund or any Fund Affiliate in an aggregate amount in any fiscal year in excess of $7,500,000 (plus reasonable expenses in connection therewith).

SECTION 6.08. Business of Holdings, the U.S. Borrower and the Subsidiaries. Engage at any time in any business or business activity other than (a) in the case of the U.S. Borrower and the Subsidiaries (other than the Subsidiary specified in clause (d) below), any business or business activity conducted by it on the Restatement Effective Date and any business or business activities incidental or related thereto, or any business or activity that is reasonably similar thereto or a reasonable extension, development or expansion thereof or ancillary thereto, (b) in the case of Holdings, (i) ownership of the Equity Interests in the U.S. Borrower, together with activities directly related thereto (unless the U.S. Borrower is merged into Holdings, in which case Holdings may engage in the activities described in clause (a) of this Section 6.08), (ii) performance of its obligations under and in connection with the Loan Documents, the Purchase Agreement, the Stockholders Agreement and the other agreements contemplated by the Purchase Agreement, (iii) actions incidental to the consummation of the Restatement Transactions, (iv) the Guarantees permitted pursuant to Sections 6.01(g), (m), (o), (p) and (q), (v) actions required by law to maintain its existence, (vi) actions incidental to the consummation of any Equity Offering or any ordinary course grant of common stock to employees and directors pursuant to the terms of any employee benefit or stock option plan, including, in each case, the offering, issuance and sale of its common stock and the payment of customary transaction costs and expenses in connection therewith (other than any payments to any Affiliate of Holdings), (vii) the entering into of Permitted Call Spread Transactions and actions permitted hereunder directly related thereto, (viii) actions to be taken by Holdings in connection with stock repurchase programs (including accelerated stock purchase programs) and (ix) actions expressly permitted to be taken by Holdings pursuant to the terms of this Agreement and (c) in the case of Fortuna, operating as a captive insurance company that provides insurance coverage solely for the benefit of the U.S. Borrower and the Subsidiaries.

SECTION 6.09. Limitation on Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. (a) Amend or modify in any manner materially adverse to the Lenders, or grant any waiver or release under or terminate in any manner (if such granting or termination shall be materially adverse to the Lenders), the articles or certificate of incorporation or by-laws or partnership agreement or limited liability company operating agreement of Holdings, the U.S. Borrower or any of the Subsidiaries, the Purchase Agreement and the Stockholders Agreement.

(b) (i) Make, or agree or offer to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on the New Senior Notes, any Permitted Junior Debt, any Permitted Notes Refinancing Indebtedness or the Intermediate Holdings Loan, or any

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payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancelation or termination of the New Senior Notes, any Permitted Junior Debt, any Permitted Notes Refinancing Indebtedness or the Intermediate Holdings Loan, except (A) payments of regularly scheduled interest and principal payments as and when due in respect thereof, other than payments in respect of any Permitted Junior Debt or any Permitted Notes Refinancing Indebtedness in respect of any Permitted Junior Debt prohibited by the subordination provisions thereof, (B) payments of the New Senior Notes and any Permitted Junior Debt in connection with the issuance of any Permitted Notes Refinancing Indebtedness, (C) the redemption of New Senior Notes or Permitted Notes Refinancing Indebtedness in respect thereof in accordance with the terms of the New Senior Note Documents or the definitive documentation for any such Permitted Notes Refinancing Indebtedness, as applicable, with Equity Offering Net Proceeds from one or more Equity Offerings (but excluding Equity Offering Net Proceeds in an amount equal to the amount, if any, required to be applied to prepay Term Loans in accordance with the terms of this Agreement as then in effect for each such Equity Offering), provided that (x) the aggregate amount of each series of New Senior Notes and Permitted Notes Refinancing Indebtedness in respect of New Senior Notes redeemed pursuant to this clause (C) may not exceed 35% of the original aggregate principal amount of the New Senior Notes and (y) such redemption occurs within 90 days of the date of consummation of the relevant Equity Offering, (D) the purchase, redemption, retirement or other acquisition of the Intermediate Holdings Loan in accordance with its terms, (E) the purchase, redemption, retirement or other acquisition of New Senior Notes, any Permitted Junior Debt and any Permitted Notes Refinancing Indebtedness (1) in an aggregate amount not to exceed the sum of (x) $250,000,000 minus the aggregate amount of purchases, redemptions, retirements and acquisitions previously made pursuant to this clause (x), plus (y) the Cumulative Net Income Amount at the time of such purchase, redemption, retirement or other acquisition and (2) without limitation as to amount, so long as the Leverage Ratio as of the last day of the most recently ended fiscal quarter for which financial statements have been delivered pursuant to Section 5.04 prior to such purchase, redemption, retirement or other acquisition, determined on a Pro Forma Basis, is less than 1.50 to 1.00 and (F) the conversion of any Permitted Junior Convertible Debt into Equity Interests of Holdings, provided that, with respect to clauses (C), (D), and (E), at the time of the applicable payment, no Default or Event of Default shall have occurred and be continuing or would result therefrom; or

(ii) amend or modify, or permit the amendment or modification of, any provision of the Xxxxx Loan, the Newco UK Loan, the Intermediate Holdings Loan, any New Senior Note, any 3.5% Exchangeable Senior Note, any Permitted Junior Debt, any Permitted Notes Refinancing Indebtedness, any Foreign Acquiror Loan, any Permitted Receivables Document or any agreement (including any New Senior Notes Document or 3.5% Exchangeable Senior Note Document) relating thereto, other than amendments or modifications that are not in any manner materially adverse to the Lenders and that do not affect the subordination provisions thereof (if any) in a manner adverse to the Lenders, provided that the principal amount of any of the Xxxxx Loan, the Newco UK Loan and any Foreign Acquiror Loan may be converted into equity or otherwise reduced to the extent permitted by Section 6.04.

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(c) Permit any Subsidiary to enter into any agreement or instrument that by its terms restricts (i) the payment of dividends or distributions or the making of cash advances by such Subsidiary to the U.S. Borrower or any Subsidiary that is a direct or indirect parent of such Subsidiary or (ii) the granting of Liens by such Subsidiary pursuant to the Security Documents, in each case other than those arising under any Loan Document, except, in each case, restrictions existing by reason of: (A) restrictions imposed by applicable law; (B) contractual encumbrances or restrictions in effect on the Closing Date under (x) any Permitted Receivables Document or (y) any agreements related to any permitted renewal, extension or refinancing of any Indebtedness existing on the Closing Date that does not expand the scope of any such encumbrance or restriction; (C) any restriction on a Subsidiary imposed pursuant to an agreement entered into for the sale or disposition of all or substantially all the Equity Interests or assets of a Subsidiary pending the closing of such sale or disposition; (D) customary provisions in joint venture agreements and other similar agreements applicable to joint ventures entered into in the ordinary course of business; (E) any restrictions imposed by any agreement relating to secured Indebtedness permitted by this Agreement to the extent that such restrictions apply only to the property or assets securing such Indebtedness; (F) customary provisions contained in leases or licenses of intellectual property and other similar agreements entered into in the ordinary course of business; (G) customary restrictions imposed on a Foreign Subsidiary that is not a Loan Party by any agreement relating to Indebtedness of such Foreign Subsidiary permitted by this Agreement; and (H) any restriction in the New Senior Note Documents, the 3.5% Exchangeable Senior Note Documents, and solely with respect to restrictions described in clause (i) above, any restriction in the definitive documentation with respect to any Permitted Junior Debt or any Permitted Notes Refinancing Indebtedness.

SECTION 6.10. [Reserved.]

SECTION 6.11. Interest Coverage Ratio. Permit the ratio (the “Interest Coverage Ratio”) on the last day of any fiscal quarter occurring in any period set forth below, for the four quarter period ended as of such day of (a) EBITDA to (b) Cash Interest Expense to be less than the ratio set forth below for such period; provided that to the extent any Asset Disposition or any Permitted Business Acquisition (or any similar transaction or transactions for which a waiver or a consent of the Required Lenders pursuant to Section 6.05 has been obtained) has occurred during the relevant Test Period, the Interest Coverage Ratio shall be determined for the respective Test Period on a Pro Forma Basis for such occurrences:


		*Test Period ending on:*		*Ratio:*
		September 30, 2012 and thereafter		2.75:1.00

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SECTION 6.12. Leverage Ratio. Permit the Leverage Ratio on the last day of any fiscal quarter occurring in any period set forth below, to be in excess of the ratio set forth below for such period:


		*Test Period ending on:*		*Ratio:*
		September 30, 2012 and thereafter		3.50:1.00

SECTION 6.13. Swap Agreements. Enter into any Swap Agreement, other than (a) Swap Agreements required by any Permitted Receivables Financing, (b) Swap Agreements entered into in the ordinary course of business to hedge or mitigate risks to which the U.S. Borrower or any Subsidiary is exposed in the conduct of its business or the management of its liabilities, (c) Swap Agreements entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of the U.S. Borrower or any Subsidiary and (d) Swap Agreements entered into in order to effectuate a Permitted Call Spread Transaction.

ARTICLE VII

Events of Default

SECTION 7.01. Events of Default. In case of the happening of any of the following events (“Events of Default”):

(a) any representation or warranty made or deemed made by Holdings, the U.S. Borrower or any other Loan Party in any Loan Document, or any representation, warranty, statement or information contained in any report, certificate, financial statement or other instrument furnished in connection with or pursuant to any Loan Document, shall prove to have been false or misleading in any material respect when so made, deemed made or furnished by Holdings, the U.S. Borrower or any other Loan Party;

(b) default shall be made in the payment of any principal of any Loan, any Ancillary Credit Extension or the reimbursement with respect to any L/C Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise;

(c) default shall be made in the payment of any interest on any Loan, any Ancillary Credit Extension or on any L/C Disbursement or in the payment of any Fee or any other amount (other than an amount referred to in (b) above) due under any Loan Document, when and as the same shall become due and payable, and such default shall continue unremedied for a period of five Business Days;

(d) default shall be made in the due observance or performance by Holdings, the U.S. Borrower or any of the Subsidiaries of any covenant, condition or agreement contained in Section 5.01(a) (with respect to a Borrower), 5.05(a), 5.08, 5.10(d), 5.14(c) or in Article VI;

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(e) default shall be made in the due observance or performance by Holdings, the U.S. Borrower or any of the Subsidiaries of any covenant, condition or agreement contained in any Loan Document (other than those specified in paragraphs (b), (c) and (d) above) and such default shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent to the U.S. Borrower;

(f) (i) any event or condition occurs that (A) results in any Material Indebtedness becoming due prior to its scheduled maturity or (B) enables or permits (with all applicable grace periods having expired) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity or (ii) any Borrower or any Subsidiary shall fail to pay the principal of any Material Indebtedness at the stated final maturity thereof, provided that this clause (f) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness;

(g) there shall have occurred a Change in Control;

(h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking (i) relief in respect of Holdings, any Borrower or any of the Subsidiaries, or of a substantial part of the property or assets of Holdings, any Borrower or any of the Subsidiaries, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings, any Borrower or any of the Subsidiaries or for a substantial part of the property or assets of Holdings, any Borrower or any of the Subsidiaries or (iii) the winding-up or liquidation of Holdings, any Borrower or any of the Subsidiaries (other than in a transaction permitted by Section 6.05); and such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered;

(i) Holdings, any Borrower or any of the Subsidiaries shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in paragraph (h) above, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings, the U.S. Borrower or any of the Subsidiaries or for a substantial part of the property or assets of Holdings, the U.S. Borrower or any of the Subsidiaries, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become due;

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(j) the failure by Holdings, the U.S. Borrower or any Subsidiary to pay one or more final judgments aggregating in excess of $100,000,000, which judgments are not discharged or effectively waived or stayed for a period of 30 consecutive days, or any action shall be legally taken by a judgment creditor to levy upon assets or properties of Holdings, the U.S. Borrower or any Subsidiary to enforce any such judgment;

(k) (i) a Reportable Event or Reportable Events shall have occurred with respect to any Plan or a trustee shall be appointed by a United States district court to administer any Plan, (ii) the PBGC shall institute proceedings (including giving notice of intent thereof) to terminate any Plan or Plans, (iii) Holdings, the U.S. Borrower, any Subsidiary or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan that it has incurred or will be assessed Withdrawal Liability to such Multiemployer Plan and such person does not have reasonable grounds for contesting such Withdrawal Liability or is not contesting such Withdrawal Liability in a timely and appropriate manner, (iv) Holdings, the U.S. Borrower, any Subsidiary or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization or, that it is in endangered or critical status, within the meaning of Section 305 of ERISA or is being terminated, within the meaning of Title IV of ERISA, (v) Holdings, the U.S. Borrower, any Subsidiary or any ERISA Affiliate shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan or (vi) any other similar event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions, if any, could reasonably be expected to have a Material Adverse Effect;

(l) (i) any Loan Document shall for any reason be asserted by Holdings, the U.S. Borrower or any of the Subsidiaries not to be a legal, valid and binding obligation of any party thereto, (ii) any security interest purported to be created by any Security Document and to extend to assets that are not immaterial to Holdings, the U.S. Borrower and the Subsidiaries on a consolidated basis shall cease to be, or shall be asserted by the U.S. Borrower or any other Loan Party not to be, a valid and perfected security interest (having the priority required by this Agreement or the relevant Security Document) in the securities, assets or properties covered thereby, except to the extent that any such loss of perfection or priority results from the failure of the Collateral Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Agreements or to file Uniform Commercial Code continuation statements and except to the extent that such loss is covered by a lender’s title insurance policy and the Administrative Agent shall be reasonably satisfied with the credit of such insurer, (iii) the Guarantees pursuant to the Security Documents by Holdings or the Subsidiary Loan Parties of any of the Obligations shall cease to be in full force and effect (other than in accordance with the terms thereof), or shall be asserted by Holdings, the U.S. Borrower or any Subsidiary Loan Party not to be in effect or not to be legal, valid and binding obligations or (iv) the Obligations of the Borrowers or the Guarantees thereof by Holdings and the Subsidiary Loan Parties pursuant to the Security Documents

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shall cease to constitute senior indebtedness under the subordination provisions of the Permitted Junior Debt Documents or such subordination provisions shall be invalidated or otherwise cease, or shall be asserted by Holdings, the U.S. Borrower or any Subsidiary to be invalid or to cease, to be legal, valid and binding obligations of the parties thereto, enforceable in accordance with their terms;

then, and in every such event (other than an event with respect to a Borrower described in paragraph (h) or (i) above), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrowers, take any or all of the following actions, at the same or different times: (i) terminate forthwith the Commitments, (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrowers accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrowers, anything contained herein or in any other Loan Document to the contrary notwithstanding and (iii) demand cash collateral pursuant to Section 2.05(j); and in any event with respect to a Borrower described in paragraph (h) or (i) above, the Commitments shall automatically terminate, the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrowers accrued hereunder and under any other Loan Document, shall automatically become due and payable and the Administrative Agent shall be deemed to have made a demand for cash collateral to the full extent permitted under Section 2.05(j), without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrowers, anything contained herein or in any other Loan Document to the contrary notwithstanding.

SECTION 7.02. Exclusion of Immaterial Subsidiaries. Solely for the purposes of determining whether a Default has occurred under clause (h) or (i) of Section 7.01, any reference in any such clause to any Subsidiary shall be deemed not to include any Subsidiary affected by any event or circumstance referred to in any such clause that did not, as of the last day of the fiscal quarter of the U.S. Borrower most recently ended, have assets with a value in excess of 5.0% of the Consolidated Total Assets or 5.0% of total revenues of the U.S. Borrower and the Subsidiaries as of such date, provided that if it is necessary to exclude more than one Subsidiary from clause (h) or (i) of Section 7.01 pursuant to this Section 7.02 in order to avoid an Event of Default thereunder, all excluded Subsidiaries shall be considered to be a single consolidated Subsidiary for purposes of determining whether the condition specified above is satisfied.

SECTION 7.03. U.S. Borrower’s Right to Cure. (a) Financial Performance Covenants. Notwithstanding anything to the contrary contained in Section 7.01, in the event that the U.S. Borrower fails to comply with the requirements of any Financial Performance Covenant, until the expiration of the 10th day subsequent to the date the certificate calculating such Financial Performance Covenant is required to be delivered pursuant to Section 5.04(c), Holdings (or the surviving entity in any merger of Holdings permitted under Section 6.05(b)) shall have the right to issue Permitted Cure

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Securities for cash or otherwise receive cash contributions to its capital, and, in each case, if applicable, to contribute any such cash to the capital of Intermediate Holdings (which shall contribute all such cash to the capital of the U.S. Borrower) (collectively, the “Cure Right”), and upon the receipt by U.S. Borrower of such cash (the “Cure Amount”) pursuant to the exercise of such Cure Right such Financial Performance Covenant shall be recalculated giving effect to the following pro forma adjustments:

(i) EBITDA shall be increased, solely for the purpose of measuring the Financial Performance Covenants and not for any other purpose under this Agreement, by an amount equal to the Cure Amount; and

(ii) If, after giving effect to the foregoing recalculations, the U.S. Borrower shall then be in compliance with the requirements of all Financial Performance Covenants, the U.S. Borrower shall be deemed to have satisfied the requirements of the Financial Performance Covenants as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of the Financial Performance Covenants that had occurred shall be deemed cured for this purposes of the Agreement.

(b) Limitation on Exercise of Cure Right. Notwithstanding anything herein to the contrary, (i) in each four-fiscal-quarter period there shall be at least one fiscal quarter in which the Cure Right is not exercised, (ii) in each eight-fiscal-quarter period, there shall be a period of at least four consecutive fiscal quarters during which the Cure Right is not exercised and (iii) in each 12-month period, the sum of all Cure Amounts contributed to (or received by) the U.S. Borrower pursuant to this Section 7.03 shall not exceed $200,000,000.

ARTICLE VIII

The Agents

SECTION 8.01. Appointment. (a) In order to expedite the transactions contemplated by this Agreement, (i) JPMorgan Chase Bank, N.A. is hereby appointed to act as Administrative Agent, Collateral Agent and an Issuing Bank and (ii) Bank of America, N.A. is hereby appointed to act as Syndication Agent. Each of the Lenders, each assignee of any such Lender and each Ancillary Lender hereby irrevocably authorizes the Administrative Agent to take such actions on behalf of such Lender, assignee or Ancillary Lender and to exercise such powers as are specifically delegated to the Administrative Agent by the terms and provisions hereof and of the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. The Administrative Agent is hereby expressly authorized by the Lenders, each Ancillary Lender and each Issuing Bank, without hereby limiting any implied authority, (A) to receive on behalf of the Lenders and such Issuing Bank all payments of principal of and interest on the Loans, all payments in respect of L/C Disbursements and all other

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amounts due to the Lenders and such Issuing Bank hereunder, and promptly to distribute to each Lender or such Issuing Bank its proper share of each payment so received; (B) to give notice on behalf of each of the Lenders and each of the Ancillary Lenders of any Event of Default specified in this Agreement of which the Administrative Agent has actual knowledge acquired in connection with the performance of its duties as Administrative Agent hereunder; and (C) to distribute to each Lender and each Ancillary Lender copies of all notices, financial statements and other materials delivered by any Borrower pursuant to this Agreement as received by the Administrative Agent. Without limiting the generality of the foregoing, the Agents are hereby expressly authorized to execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect thereto, as contemplated by and in accordance with the provisions of this Agreement and the Security Documents, including, for the avoidance of doubt, any Additional Intercreditor Agreement or the First Lien Intercreditor Agreement contemplated hereby. In the event that any party other than the Lenders and the Agents shall participate in all or any portion of the Collateral pursuant to the Security Documents, all rights and remedies in respect of such Collateral shall be controlled by the Collateral Agent.

(b) Neither the Agents nor any of their respective directors, officers, employees or agents shall be liable as such for any action taken or omitted by any of them except for its or his own gross negligence or wilful misconduct, or be responsible for any statement, warranty or representation herein or the contents of any document delivered in connection herewith, or be required to ascertain or to make any inquiry concerning the performance or observance by the Borrowers or any other Loan Party of any of the terms, conditions, covenants or agreements contained in any Loan Document. The Agents shall not be responsible to the Lenders or any Ancillary Lender for the due execution, genuineness, validity, enforceability or effectiveness of this Agreement or any other Loan Documents or other instruments or agreements. The Agents shall in all cases be fully protected in acting, or refraining from acting, in accordance with written instructions signed by the Required Lenders and, except as otherwise specifically provided herein, such instructions and any action or inaction pursuant thereto shall be binding on all the Lenders and all the Ancillary Lenders. Each Agent shall, in the absence of knowledge to the contrary, be entitled to rely on any instrument or document believed by it in good faith to be genuine and correct and to have been signed or sent by the proper person or persons. Neither the Agents nor any of their respective directors, officers, employees or agents shall have any responsibility to any Borrower or any other Loan Party or any other party hereto on account of the failure, delay in performance or breach by, or as a result of information provided by, any Lender, Ancillary Lender or Issuing Bank of any of its obligations hereunder or to any Lender, Ancillary Lender or Issuing Bank on account of the failure of or delay in performance or breach by any other Lender, Ancillary Lender or Issuing Bank or any Borrower or any other Loan Party of any of their respective obligations hereunder or under any other Loan Document or in connection herewith or therewith. Each Agent may execute any and all duties hereunder by or through agents or employees and shall be entitled to rely upon the advice of legal counsel selected by it with respect to all matters arising hereunder and shall not be liable for any action taken or suffered in good faith by it in accordance with the advice of such counsel.

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SECTION 8.02. Nature of Duties. The Lenders and the Ancillary Lenders hereby acknowledge that no Agent shall be under any duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement unless it shall be requested in writing to do so by the Required Lenders. The Lenders and the Ancillary Lenders further acknowledge and agree that so long as an Agent shall make any determination to be made by it hereunder or under any other Loan Document in good faith, such Agent shall have no liability in respect of such determination to any person. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into the Loan Documents or otherwise exist against the Administrative Agent. Each Lender recognizes and agrees that the Syndication Agent shall have no duties or responsibilities under this Agreement or any other Loan Document, or any fiduciary relationship with any Lender or Ancillary Lenders, and shall have no functions, responsibilities, duties, obligations or liabilities for acting as the Syndication Agent hereunder.

SECTION 8.03. Resignation by the Agents. Subject to the appointment and acceptance of a successor Agent as provided below, any Agent may resign at any time by notifying the Lenders and the U.S. Borrower. Upon any such resignation, the Required Lenders shall have the right to appoint a successor with the consent of the U.S. Borrower (not to be unreasonably withheld or delayed). If no successor shall have been so appointed by the Required Lenders and approved by the U.S. Borrower and shall have accepted such appointment within 45 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders and the Ancillary Lenders with the consent of the U.S. Borrower (not to be unreasonably withheld or delayed), appoint a successor Agent which shall be a bank with an office in New York, New York and an office in London, England (or a bank having an Affiliate with such an office) having a combined capital and surplus having a Dollar Equivalent that is not less than $500,000,000 or an Affiliate of any such bank. Upon the acceptance of any appointment as Agent hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder. After the Agent’s resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Agent.

SECTION 8.04. Each Agent in its Individual Capacity. With respect to the Loans made by it hereunder and Ancillary Facilities made available by it pursuant to Section 2.22, each Agent in its individual capacity and not as Agent shall have the same rights and powers as any other Lender and may exercise the same as though it were not an Agent, and the Agents and their Affiliates may accept deposits from, lend money to and generally engage in any kind of business with any Borrower or any of the Subsidiaries or other Affiliates thereof as if it were not an Agent.

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SECTION 8.05. Indemnification. Each Lender and each Ancillary Lender agrees (a) to reimburse the Agents, on demand, in the amount of its pro rata share (based on its Commitments hereunder (or if such Commitments shall have expired or been terminated, in accordance with the respective principal amounts of its applicable outstanding Loans or participations in L/C Disbursements, as applicable)) of any reasonable expenses incurred for the benefit of the Lenders and Ancillary Lenders by the Agents, including counsel fees and compensation of agents and employees paid for services rendered on behalf of the Lenders and Ancillary Lenders, which shall not have been reimbursed by the Loan Parties and (b) to indemnify and hold harmless each Agent and any of its directors, officers, employees or agents, on demand, in the amount of such pro rata share, from and against any and all liabilities, Taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against it in its capacity as Agent or any of them in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted by it or any of them under this Agreement or any other Loan Document, to the extent the same shall not have been reimbursed by the Loan Parties, provided that no Lender or Ancillary Lender shall be liable to an Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the gross negligence or wilful misconduct of such Agent or any of its directors, officers, employees or agents.

SECTION 8.06. Lack of Reliance on Agents. Each Lender and each Ancillary Lender acknowledges that it has, independently and without reliance upon the Agents, any Lender or any Ancillary Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and each Ancillary Lender also acknowledges that it will, independently and without reliance upon the Agents, any other Lender or any Ancillary Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement or any other Loan Document, any related agreement or any document furnished hereunder or thereunder.

SECTION 8.07. Designation of Affiliates for Foreign Currency Loans. The Administrative Agent shall be permitted from time to time to designate one of its Affiliates to perform the duties to be performed by the Administrative Agent hereunder with respect to Loans and Borrowings denominated in Foreign Currencies and Foreign Currency Letters of Credit. The provisions of this Article VIII shall apply to any such Affiliate, mutatis mutandis.

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ARTICLE IX

Miscellaneous

SECTION 9.01. Notices. (a) Notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy or email, as follows:

(i) if to any Borrower, to it at TRW Automotive Inc., 00000 Xxxx Xxxxxx Xxxxx, Xxxxxxx, XX 00000, Attention of Executive Vice President and General Counsel (Telecopy No. (000) 000-0000), and if to Holdings, to it in care of the U.S. Borrower, in each case with a copy to The Blackstone Group, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention of Xxxx Xxxxxxxx (Telecopy No. (000) 000-0000);

(ii) if to the Administrative Agent or the Collateral Agent, to (A) if with respect to the Term Facility, U.S. Revolving Facility or Loans under the Global Revolving Facility made out of a U.S. Lending Office, JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 000 Xxxxxxx Xxxxxxxxxx Xxxx, Xxx 0, Xxxxxx, XX 00000-0000, Attention of Xxxxxxxxxxx Xxxxxx (Telecopy No. 000-000-0000; email xxxxxxxxxxx.x.xxxxxx@xxxxxxxx.xxx) and (B) if with respect to Loans under the Global Revolving Facility made out of a Global Lending Office, JPMorgan Chase Bank, N.A., London Branch, 125 London Wall, 9th floor, Xxxxxx XX0X 0XX Xxxxxx Xxxxxxx, XX00-0000, Xxxxxxxxx of European Loan Operations (Telecopy No. (x00 (000) 000-0000), in each case with a copy to JPMorgan Chase Bank, N.A., 000 Xxxxxxx Xxxxxx, 00xx xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention of Xxxxxxx Xxxxx (Telecopy No. (000) 000-0000; email xxxxxxx.xxxxx@xxxxxxxx.xxx);

(iii) if to an Issuing Bank other than the Administrative Agent, to it at the address or telecopy number set forth separately in writing;

(iv) if to any Ancillary Lender, to it at the address and telecopy number set forth in the applicable Ancillary Facility Document; and

(v) if such notice relates to a Global Revolving Facility Borrowing denominated in a Foreign Currency, to the London Administrative Office.

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Applicable Agent and the applicable Lender. Each of the Administrative Agent, the Collateral Agent and the U.S. Borrower (on behalf of itself and the Foreign Subsidiary Borrowers) may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided, further, that approval of such procedures may be limited to particular notices or communications.

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(c) All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service, sent by telecopy or (to the extent permitted by paragraph (b) above) electronic means (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient) or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 9.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01.

(d) Any party hereto may change its address, telecopy number or email address for notices and other communications hereunder by notice to the other parties hereto.

SECTION 9.02. Survival of Agreement. All covenants, agreements, representations and warranties made by the U.S. Borrower and the Loan Parties herein, in the other Loan Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders, each Issuing Bank and each Ancillary Lender and shall survive the making by the Lenders of the Loans, the execution and delivery of the Loan Documents and the issuance of the Letters of Credit, regardless of any investigation made by such persons or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or L/C Disbursement, any extension of credit under Ancillary Facility remains outstanding or any Fee or any other amount payable under this Agreement or any other Loan Document is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not been terminated. Without prejudice to the survival of any other agreements contained herein, indemnification and reimbursement obligations contained herein (including pursuant to Sections 2.13, 2.15, 2.18 and 9.05) shall survive the payment in full of the principal and interest hereunder, the expiration of the Letters of Credit and the termination of the Commitments or this Agreement.

SECTION 9.03. Binding Effect. This Agreement shall become effective when it shall have been executed by Holdings, the U.S. Borrower and the Agents and when the Administrative Agent shall have received copies hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of Holdings, the Borrowers, each Issuing Bank, the Agents and each Lender and their respective permitted successors and assigns.

SECTION 9.04. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i) other than pursuant to a

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merger permitted by Section 6.05(b) or 6.05(i), no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by a Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the Agents, each Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

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

(A) the U.S. Borrower; provided that no consent of the U.S. Borrower shall be required for (x) an assignment of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund or (y) if an Event of Default under paragraph (b), (c), (h) or (i) of Section 7.01 has occurred and is continuing, an assignment of any Loan to any assignee (provided that any liability of the Borrowers to an assignee that is an Approved Fund or Affiliate of the assigning Lender under Section 2.15, 2.17 or 2.21 shall be limited to the amount, if any, that would have been payable thereunder by such Borrower in the absence of such assignment);

(B) the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment of a Term Loan to a Lender, an Affiliate of a Lender or Approved Fund immediately prior to giving effect to such assignment;

(C) each Issuing Bank, in the case of any assignment of all or a portion of a U.S. Revolving Facility Commitment or any Lender’s obligations in respect of Letters of Credit; and

(D) each Swingline Lender under the applicable Facility, in the case of any assignment of all or a portion of a Revolving Credit Commitment under such Facility or of any Lender’s Swingline Dollar Exposure or Swingline Foreign Currency Exposure.

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

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(A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment, the amount of the Commitment of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not be less than (x) $5,000,000, in the case of Revolving Credit Commitments and Revolving Loans denominated in Dollars, (y) the smallest amount of the applicable Foreign Currency that is a multiple of 1,000,000 units of such Foreign Currency and has a Dollar Equivalent in excess of $5,000,000, in the case of Revolving Loans denominated in a Foreign Currency and (z) $1,000,000, in the case of Incremental Term Loans, unless each of the U.S. Borrower and the Administrative Agent otherwise consent; provided that no such consent of the U.S. Borrower shall be required if an Event of Default under paragraph (b), (c), (h) or (i) of Section 7.01 has occurred and is continuing; and provided, further, that for purposes of determining compliance with the minimum assignment amount in this clause (ii)(A), simultaneous assignments by an assigning Lender to two or more Approved Funds shall be aggregated;

(B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement;

(C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500;

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in which the assignee designates one or more Credit Contacts (as defined in the Administrative Questionnaire) to whom all syndicate–level information (which may contain material non-public information about the Loan Parties and their related parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws; and

(E) no assignment of Global Revolving Facility Loans or Global Revolving Facility Commitments shall be permitted to be made to an assignee that cannot make Global Revolving Facility Loans in Dollars and each of the Foreign Currencies.

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For purposes of this Section 9.04(b), the term “Approved Fund” shall have the following meaning:

“Approved Fund” shall mean any person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by a Lender, an Affiliate of a Lender or an entity or an Affiliate of an entity that administers or manages a Lender.

(iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.05). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section.

(iv) The Administrative Agent, acting for this purpose as an agent of the U.S. Borrower, shall maintain at one of its offices a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans and L/C Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the U.S. Borrower, the Agents, each Issuing Bank and the Lenders may treat each person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the U.S. Borrower, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

(v) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative

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Agent shall accept such Assignment and Acceptance and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.

(c) (i) Any Lender may, without the consent of the U.S. Borrower, the Administrative Agent, any Issuing Bank or any Swingline Lender, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrowers, the Agents, each Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in Section 9.04(a)(i) or clauses (i) (disregarding for this purpose the parenthetical contained therein), (ii), (iii), (iv), (v) or (vi) of the first proviso to Section 9.08(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section, each of the Borrowers agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.06 as though it were a Lender, provided such Participant agrees to be subject to Section 2.18(c) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

(ii) A Participant shall not be entitled to receive any greater payment under Section 2.15 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation

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to such Participant is made with the U.S. Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.17 unless the U.S. Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 2.17(e) as though it were a Lender.

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

SECTION 9.05. Expenses; Indemnity. (a) The U.S. Borrower agrees to pay all reasonable documented out-of-pocket expenses (including documentary Taxes) incurred by the Agents in connection with the preparation of this Agreement and the other Loan Documents, or by the Agents in connection with the syndication of the Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the U.S. Borrower and the reasonable fees, disbursements and the charges for no more than one counsel in each jurisdiction where Collateral is located) or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby contemplated shall be consummated) or incurred by the Agents, any Lender or any Ancillary Lender in connection with the enforcement or protection of their rights in connection with this Agreement and the other Loan Documents, in connection with the Loans made, the Ancillary Facilities made available pursuant to Section 2.22 or the Letters of Credit issued hereunder, including the reasonable fees, charges and disbursements of Cravath, Swaine & Xxxxx LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of any other counsel (including the reasonable allocated costs of internal counsel if a Lender elects to use internal counsel in lieu of outside counsel) for the Agents, any Issuing Bank, any Lender or any Ancillary Lender (but no more than one such counsel for any Lender or any Ancillary Lender).

(b) The U.S. Borrower agrees to indemnify the Agents, each Issuing Bank, each Lender, each Ancillary Lender, each of their respective Affiliates and each of their and their respective Affiliates’ respective directors, trustees, officers, employees and agents (each such person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Restatement Transactions and the other transactions contemplated hereby, (ii) the use of

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the proceeds of the Loans or the use of any Letter of Credit or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the bad faith, gross negligence or wilful misconduct of, or material breach of this Agreement by, such Indemnitee (treating, for this purpose only, any Agent, any Issuing Bank, any Lender, any Ancillary Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the U.S. Borrower agrees to indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (A) any Environmental Liability related in any way to Holdings, Intermediate Holdings, the U.S. Borrower or any of the Subsidiaries, or (B) any actual or alleged presence, release or threatened release of Hazardous Materials on any Property or any property owned, leased or operated by any predecessor of Holdings, Intermediate Holdings, the U.S. Borrower or any of the Subsidiaries, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or wilful misconduct of such Indemnitee or any of its Related Parties. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of any Agent, any Issuing Bank, any Lender or any Ancillary Lender. All amounts due under this Section 9.05 shall be payable on written demand therefor.

(c) Unless an Event of Default shall have occurred and be continuing, the U.S. Borrower shall be entitled to assume the defense of any action for which indemnification is sought hereunder with counsel of its choice at its expense (in which case the U.S. Borrower shall not thereafter be responsible for the fees and expenses of any separate counsel retained by an Indemnitee except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to each such Indemnitee. Notwithstanding the U.S. Borrower’s election to assume the defense of such action, each Indemnitee shall have the right to employ separate counsel and to participate in the defense of such action, and the U.S. Borrower shall bear the reasonable fees, costs and expenses of such separate counsel, if (i) the use of counsel chosen by the U.S. Borrower to represent such Indemnitee would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both the U.S. Borrower and such Indemnitee and such Indemnitee shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to the U.S. Borrower (in which case the U.S. Borrower shall not have the right to assume the defense or such action on behalf of such Indemnitee); (iii) the U.S. Borrower shall not have employed counsel reasonably satisfactory to such

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Indemnitee to represent it within a reasonable time after notice of the institution of such action; or (iv) the U.S. Borrower shall authorize such Indemnitee to employ separate counsel at the U.S. Borrower’s expense. The U.S. Borrower will not be liable under this Agreement for any amount paid by an Indemnitee to settle any claims or actions if the settlement is entered into without the U.S. Borrower’s consent, which consent may not be withheld or delayed unless such settlement is unreasonable in light of such claims or actions against, and defenses available to, such Indemnitee.

(d) Notwithstanding anything to the contrary in this Section 9.05, this Section 9.05 shall not apply to Taxes, it being understood that the U.S. Borrower’s only obligations with respect to Taxes shall arise under Sections 2.15 and 2.17.

SECTION 9.06. Right of Set-off. If an Event of Default shall have occurred and be continuing, each Lender, each Issuing Bank and each Ancillary Lender 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, such Issuing Bank or such Ancillary Lender to or for the credit or the account of Holdings, the U.S. Borrower or any Subsidiary against any of and all the obligations of Holdings or the U.S. Borrower now or hereafter existing under this Agreement or any other Loan Document held by such Lender, such Issuing Bank or such Ancillary Lender, irrespective of whether or not such Lender, such Issuing Bank or such Ancillary Lender shall have made any demand under this Agreement or such other Loan Document and although the obligations may be unmatured. The rights of each Lender, each Issuing Bank and each Ancillary Lender under this Section 9.06 are in addition to other rights and remedies (including other rights of set-off) that such Lender, such Issuing Bank or such Ancillary Lender may have.

SECTION 9.07. Applicable Law. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

SECTION 9.08. Waivers; Amendment. (a) No failure or delay of the Agents, any Issuing Bank, any Lender or any Ancillary Lender in exercising any right or power hereunder or under any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Agents, each Issuing Bank, the Lenders and each Ancillary Lender hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by Holdings, any Borrower or any other Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on Holdings, any Borrower or any other Loan Party in any case shall entitle such person to any other or further notice or demand in similar or other circumstances.

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(b) Except as provided in Section 2.23 with respect to an Incremental Facility Amendment and Section 2.25 with respect to an Extension Agreement, neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except (x) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Holdings, the Borrowers and the Required Lenders, (y) in the case of any Ancillary Facility Document, pursuant to an agreement or agreements in writing entered into by each party thereto and (z) in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by each party thereto and the Collateral Agent and consented to by the Required Lenders; provided, however, that no such agreement shall (i) decrease or forgive the principal amount of, or extend the final maturity of, or decrease the rate of interest on, any Loan or any L/C Disbursement, without the prior written consent of each Lender directly affected thereby, (ii) increase or extend the Commitment of any Lender or decrease the Commitment Fees or L/C Participation Fees or other fees of any Lender without the prior written consent of such Lender, (iii) extend, waive or change the amount due on any Installment Date or extend any date on which payment of interest on any Loan or any L/C Disbursement is due, without the prior written consent of each Lender adversely affected thereby, (iv) amend or modify the provisions of Section 2.18(b) or (c) in a manner that would by its terms alter the pro rata sharing of payments required thereby, without the prior written consent of each Lender adversely affected thereby, (v) amend or modify the provisions of this Section or the definition of “Required Lenders”, “Majority Lenders” or any other provision hereof specifying the number or percentage of Lenders or Ancillary Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the prior written consent of each Lender or Ancillary Lender adversely affected thereby (it being understood that, with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination of the Required Lenders on substantially the same basis as the Loans and Commitments are included on the Restatement Effective Date), (vi) except as set forth in Section 5.14, release all or substantially all the Collateral or release any of Holdings or any Subsidiary Loan Party from its Guarantee under the U.S. Collateral Agreement or the Foreign Guarantee, as applicable, unless, in the case of a Subsidiary Loan Party, all or substantially all the Equity Interests of such Subsidiary Loan Party is sold or otherwise disposed of in a transaction permitted by this Agreement, without the prior written consent of each Lender adversely affected thereby, (vii) effect any waiver, amendment or modification that by its terms adversely affects the rights in respect of payments or collateral of Lenders participating in any Facility differently from those of Lenders participating in other Facilities, without the consent of the Majority Lenders participating in the adversely affected Facility, (viii) change the relative rights in respect of payments or collateral of the Lenders participating in different Facilities or Ancillary Facilities without the consent of the Majority Lenders participating in each adversely affected Facility and each adversely affected Ancillary Lender or (ix) amend or modify the provisions of Section 5.14 or the definition of “Collateral Release Period” without the prior written consent of each Lender adversely affected thereby; provided, further, that no

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such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or an Issuing Bank hereunder without the prior written consent of the Administrative Agent or such Issuing Bank acting as such at the effective date of such agreement, as applicable. Each Lender shall be bound by any waiver, amendment or modification authorized by this Section 9.08 and any consent by any Lender pursuant to this Section 9.08 shall bind any assignee of such Lender.

SECTION 9.09. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate, together with all fees and charges that are treated as interest under applicable law (collectively, the “Charges”), as provided for herein or in any other document executed in connection herewith, or otherwise contracted for, charged, received, taken or reserved by any Lender, any Ancillary Lender or any Issuing Bank, shall exceed the maximum lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or reserved by such Lender in accordance with applicable law, the rate of interest payable hereunder, together with all Charges payable to such Lender, such Ancillary Lender or such Issuing Bank, shall be limited to the Maximum Rate, provided that such excess amount shall be paid to such Lender, such Ancillary Lender or such Issuing Bank on subsequent payment dates to the extent not exceeding the legal limitation.

SECTION 9.10. Entire Agreement. This Agreement, the other Loan Documents and the agreements regarding certain Fees referred to herein constitute the entire contract between the parties relative to the subject matter hereof. Any previous agreement among or representations from the parties with respect to the subject matter hereof is superseded by this Agreement and the other Loan Documents. Nothing in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any party other than the parties hereto and thereto any rights, remedies, obligations or liabilities under or by reason of this Agreement or the other Loan Documents.

SECTION 9.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11.

SECTION 9.12. Severability. In the event any one or more of the provisions contained in this Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of

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the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

SECTION 9.13. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute but one contract, and shall become effective as provided in Section 9.03.

SECTION 9.14. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

SECTION 9.15. Jurisdiction; Consent to Service of Process. (a) Each of Holdings and each Borrower 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 other Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any Lender, any Issuing Bank or any Ancillary Lender may otherwise have to bring any action or proceeding relating to this Agreement or the other Loan Documents against Holdings, any Borrower or any Loan Party or their properties in the courts of any jurisdiction.

(b) Each of Holdings and each Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the other Loan Documents 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 9.16. Confidentiality. Each of the Lenders, each Issuing Bank, each Ancillary Lender and each of the Agents agrees that it shall maintain in confidence any Information relating to Holdings, the U.S. Borrower and the other Loan Parties furnished to it by or on behalf of Holdings, the U.S. Borrower or the other Loan Parties (other than information that (a) has become generally available to the public other than as a result of a disclosure by such party, (b) has been independently developed by such Lender, such Issuing Bank, such Ancillary Lender or such Agent without violating this

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Section 9.16 or (c) was available to such Lender, such Issuing Bank, such Ancillary Lender or such Agent from a third party having, to such person’s knowledge, no obligations of confidentiality to Holdings, the U.S. Borrower or any other Loan Party) and shall not reveal the same other than to its directors, trustees, officers, employees and advisors with a need to know or to any person that approves or administers the Loans on behalf of such Lender or the Ancillary Facility on behalf of such Lender (so long as each such person shall have been instructed to keep the same confidential in accordance with obligations at least as restrictive as those of this Section 9.16), except: (A) to the extent necessary to comply with law or any legal process or the requirements of any Governmental Authority, the National Association of Insurance Commissioners or any other similar organization or of any securities exchange on which securities of the disclosing party or any Affiliate of the disclosing party are listed or traded, (B) per the request of or as part of normal reporting or review procedures to Governmental Authorities or the National Association of Insurance Commissioners, (C) to its parent companies, Affiliates or auditors (so long as each such person shall have been instructed to keep the same confidential in accordance with obligations at least as restrictive as those of this Section 9.16), (D) in order to enforce its rights under any Loan Document in a legal proceeding, (E) to any pledgee referred to in Section 9.04(d) or any prospective assignee of, or prospective Participant in, any of its rights under this Agreement (so long as such person shall have been instructed to keep the same confidential in accordance with obligations at least as restrictive as those of this Section 9.16) and (F) to any direct or indirect contractual counterparty in Swap Agreements or such contractual counterparty’s professional advisor (so long as such contractual counterparty or professional advisor to such contractual counterparty agrees to be bound by obligations at least as restrictive as those of this Section 9.16).

For the purposes of this Section 9.16, “Information” means all information received from any Loan Party relating to any Loan Party, any Affiliate thereof or any of their respective businesses, other than any such information that is publicly available to any Agent or any Lender prior to disclosure by any Loan Party other than as a result of a breach of this Section 9.16.

EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.16 FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE LOAN PARTIES AND THEIR AFFILIATES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

ALL INFORMATION, INCLUDING WAIVERS AND AMENDMENTS, FURNISHED BY THE LOAN PARTIES OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL

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INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE LOAN PARTIES AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.

SECTION 9.17. Conversion of Currencies. (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto (including any Foreign Subsidiary Borrower) agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given.

(b) The obligations of each Borrower in respect of any sum due to any party hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrowers contained in this Section 9.17 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder.

SECTION 9.18. USA PATRIOT Act. Each Lender subject to the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “USA PATRIOT Act”) hereby notifies the Borrowers and each Loan Party that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies the Borrowers and each Loan Party, which information includes the name and address of each Borrower and each Loan Party and other information that will allow such Lender to identify each Borrower and each Loan Party in accordance with the Act.

SECTION 9.19. Status of Lenders. The respective obligations of the Lenders hereunder are several and not joint, and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

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ARTICLE X

Ancillary Facility Adjustments

SECTION 10.01. Exchange of Interests in Ancillary Facilities. (a) On the CAM Exchange Date and immediately prior to the deemed exchange of interests pursuant to the CAM Exchange as provided in Section 11.01(a)(ii):

(i) the principal amount of each Global Revolving Facility Loan denominated in a Foreign Currency and of each Ancillary Credit Extension shall, automatically and with no further action required, be converted into the Dollar Equivalent, determined using the Exchange Rates calculated as of the CAM Exchange Date, of such amount and, subject to Section 11.01(a)(iv), on and after such date all amounts accruing and owed to any Lender or any Ancillary Lender in respect of such Obligations shall accrue and be payable in Dollars at the rates otherwise applicable hereunder;

(ii) in the event that on the CAM Exchange Date any Unfunded Ancillary Credit Extension (in respect of which cash collateral shall not have previously been deposited pursuant to Section 2.22(e)) shall exist, or the applicable Foreign Subsidiary Borrower shall have failed to reimburse a disbursement made by the applicable Ancillary Lender, the applicable Ancillary Lender shall promptly pay over to the Administrative Agent, in immediately available funds, an amount in Dollars equal to such Unfunded Ancillary Credit Extension or unreimbursed disbursement, together with interest thereon from the CAM Exchange Date to the date on which such amount shall be paid to the Administrative Agent at the rate that would be applicable at the time to an ABR Revolving Loan in a principal amount equal to such Unfunded Ancillary Credit Extension or unreimbursed disbursement. The Administrative Agent shall establish an account (the “Unfunded Ancillary Credit Extension Account”) and shall deposit all amounts received pursuant to the previous sentence and all amounts of cash collateral previously deposited pursuant to Section 2.22(e) in the Unfunded Ancillary Credit Extension Account pending application of such amounts pursuant to Section 11.02. The Administrative Agent shall have sole dominion and control over the Unfunded Ancillary Credit Extension Account; and

(iii) there shall be a deemed buying and selling of interests (without regard to Section 9.04) in the outstanding Global Revolving Facility Loans and Ancillary Credit Extensions by the Global Revolving Facility Lenders (and each Global Revolving Facility Lender shall promptly make payment therefor to the Administrative Agent in the same manner as provided in Section 2.06 with respect to Loans made by such Global Revolving Facility Lender (and Section 2.06 shall apply, mutatis mutandis, to such payment obligations of such Global Revolving Facility

000

Xxxxxx) for distribution to the applicable Global Revolving Facility Lenders) such that, after giving effect to such deemed buying and selling of interests, each Global Revolving Facility Lender holds its ratable share of the Global Revolving Facility Loans (based on the respective Global Revolving Facility Commitments of the Global Revolving Facility Lenders immediately prior to the CAM Exchange Date) of each outstanding Global Revolving Facility Loan and each Ancillary Credit Extension.

ARTICLE XI

Collection Allocation Mechanism

SECTION 11.01. Implementation of CAM. (a) On the CAM Exchange Date, (i) the Commitments shall automatically and without further act be terminated as provided in Section 7.01, (ii) each Global Revolving Facility Lender shall immediately be deemed to have acquired (and shall promptly make payment therefor to the Applicable Agent in accordance with Section 2.04(c)) participations in the Swingline Foreign Currency Loans (other than any Swingline Foreign Currency Loan in respect of which Global Revolving Facility Lenders have funded their purchase of participations pursuant to Section 2.04(c)) in an amount equal to such Global Revolving Facility Lender’s Swingline Foreign Currency Funding Percentage of each Swingline Foreign Currency Loan outstanding on such date, (iii) each U.S. Revolving Facility Lender shall immediately be deemed to have acquired (and shall promptly make payment therefor to the Applicable Agent in accordance with Section 2.04(c)) participations in the Swingline Dollar Loans (other than any Swingline Dollar Loan in respect of which the U.S. Revolving Facility Lenders have funded their purchase of participations pursuant to Section 2.04(c)) in an amount equal to such U.S. Revolving Facility Lender’s Swingline Dollar Funding Percentage of each Swingline Dollar Loan outstanding on such date, (iv) simultaneously with the automatic conversions pursuant to clause (v) below, the Lenders shall automatically and without further act (and without regard to the provisions of Section 9.04) be deemed to have exchanged interests in the Loans (other than the Swingline Loans), Funded Ancillary Credit Extensions and participations in Unfunded Ancillary Credit Extensions, Swingline Loans and Letters of Credit, such that in lieu of the interest of each Lender in each Loan, Letter of Credit and Ancillary Credit Extension in which it shall participate as of such date (including such Lender’s interest in the Obligations of each Loan Party in respect of each such Loan, Letter of Credit and Ancillary Credit Extension), such Lender shall hold an interest in every one of the Loans (other than the Swingline Loans) and Funded Ancillary Credit Extensions and a participation in every one of the Swingline Loans, Letters of Credit and Unfunded Ancillary Credit Extensions (including the Obligations of each Loan Party in respect of each such Loan and Ancillary Credit Extension and each Reserve Account established pursuant to Section 11.02 below), whether or not such Lender shall previously have participated therein, equal to such Lender’s CAM Percentage thereof and (v) simultaneously with the deemed exchange of interests pursuant to clause (iv) above, the interests in the Loans and Funded Ancillary Credit Extensions to be received in such

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deemed exchange shall, automatically and with no further action required, be converted into the Dollar Equivalent, determined using the Exchange Rate calculated as of such date, of such amount and on and after such date all amounts accruing and owed to the Lenders in respect of such Obligation shall accrue and be payable in Dollars at the rate otherwise applicable hereunder. Each Lender and each Loan Party hereby consents and agrees to the CAM Exchange, and each Lender agrees that the CAM Exchange shall be binding upon its successors and assigns and any person that acquires a participation in its interests in any Loan or Ancillary Credit Extension. Each Loan Party agrees from time to time to execute and deliver to the Administrative Agent all such promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests of the Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it in connection with its Loans hereunder to the Administrative Agent against delivery of any promissory notes evidencing its interests in the Loans and Funded Ancillary Credit Extensions so executed and delivered; provided, however, that the failure of any Loan Party to execute or deliver or of any Lender to accept any such promissory note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange.

(b) As a result of the CAM Exchange, upon and after the CAM Exchange Date, each payment received by the Applicable Agent or the Collateral Agent pursuant to any Loan Document in respect of the Obligations of each Loan Party in respect of each Loan, Letter of Credit and Ancillary Credit Extension, and each distribution made by the Collateral Agent pursuant to any Security Document in respect of such Obligations, shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages. Any direct payment received by a Lender upon or after the CAM Exchange Date, including by way of set-off, in respect of an Obligation shall be paid over to the Applicable Agent for distribution to the Lenders in accordance herewith.

SECTION 11.02. Letters of Credit and Unfunded Ancillary Credit Extensions. (a) In the event that on the CAM Exchange Date any Letter of Credit shall be outstanding and undrawn in whole or in part, or any L/C Disbursement shall not have been reimbursed either by an Applicant Party or, in the case of any L/C Disbursement made in Dollars, with the proceeds of a U.S. Revolving Facility Borrowing or Swingline Dollar Borrowing, each U.S. Revolving Facility Lender shall promptly pay over to the Administrative Agent, in immediately available funds, an amount in Dollars equal to such U.S. Revolving Facility Lender’s U.S. Revolving Facility Percentage of such undrawn face amount (or, in the case of any Foreign Currency Letter of Credit, the Dollar Equivalent of such face amount) or (to the extent it has not already done so) such unreimbursed drawing, as applicable, together with interest thereon from the CAM Exchange Date to the date on which such amount shall be paid to the Administrative Agent at the rate that would be applicable at the time to an ABR Revolving Loan in a principal amount equal to such undrawn face amount or unreimbursed drawing, as applicable. The Administrative Agent shall establish a separate account (each, a “Reserve Account”) or accounts for each Lender for the amounts received with respect to each such Letter of Credit pursuant to the preceding sentence The Administrative Agent shall deposit in each Lender’s Reserve Account such Lender’s CAM Percentage of

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(x) the amounts received from the Revolving Credit Lenders as provided above and (y) the amounts on deposit in the Unfunded Ancillary Credit Extension Account. The Administrative Agent shall have sole dominion and control over each Reserve Account, and the amounts deposited in each Reserve Account shall be held in such Reserve Account until withdrawn as provided in paragraph (b), (c), (d) or (e) below. The Administrative Agent shall maintain records enabling it to determine the amounts paid over to it and deposited in the Reserve Accounts in respect of each Letter of Credit and Unfunded Ancillary Credit Extension and the amounts on deposit in respect of each Letter of Credit and Unfunded Ancillary Credit Extension attributable to each Lender’s CAM Percentage. The amounts held in each Lender’s Reserve Account shall be held as a reserve against the Revolving L/C Exposures and payment obligations in respect of Unfunded Ancillary Credit Extensions, shall be the property of such Lender, shall not constitute Loans to or give rise to any claim of or against any Loan Party and shall not give rise to any obligation on the part of the U.S. Borrower to pay interest to such Lender, it being agreed that the reimbursement obligations in respect of (x) Letters of Credit shall arise only at such times as drawings are made thereunder, as provided in Section 2.05, and (y) disbursements under any Ancillary Facility shall arise only at such time as payments are required under such Ancillary Facility.

(b) In the event that after the CAM Exchange Date any drawing shall be made in respect of a Letter of Credit or any payment shall be made in respect of an Unfunded Ancillary Credit Extension, the Administrative Agent shall, at the request of the applicable Issuing Bank or Ancillary Lender, as applicable, withdraw from the Reserve Account of each Lender any amounts, up to the amount of such Lender’s CAM Percentage of such drawing or payment, deposited in respect of such Letter of Credit or Unfunded Ancillary Credit Extension and remaining on deposit and deliver such amounts, in the case of a Letter of Credit, to such Issuing Bank in satisfaction of the reimbursement obligations of the U.S. Revolving Facility Lenders under Section 2.05(d) (but not of the U.S. Borrower under Section 2.05(e)) or, in the case of an Unfunded Ancillary Credit Extension, to the applicable Ancillary Lender. In the event that any U.S. Revolving Facility Lender shall default on its obligation to pay over any amount to the Administrative Agent as provided in this Section 11.02, the applicable Issuing Bank shall have a claim against such U.S. Revolving Facility Lender to the same extent as if such Lender had defaulted on its obligations under Section 2.05(d), but shall have no claim against any other Lender in respect of such defaulted amount, notwithstanding the exchange of interests in the applicable Borrower’s reimbursement obligations pursuant to Section 11.01. Each other Lender shall have a claim against such defaulting U.S. Revolving Facility Lender for any damages sustained by it as a result of such default, including, in the event that such Letter of Credit shall expire undrawn, its CAM Percentage of the defaulted amount.

(c) In the event that after the CAM Exchange Date any Letter of Credit shall expire undrawn, or an Unfunded Ancillary Credit Extension shall expire without requiring payment, the Administrative Agent shall withdraw from the Reserve Account of each Lender the amount remaining on deposit therein in respect of such Letter of Credit, or Unfunded Ancillary Credit Extension, as applicable, and distribute such amount to such Lender.

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(d) With the prior written approval of the Administrative Agent (not to be unreasonably withheld), any Lender may withdraw the amount held in its Reserve Account in respect of the undrawn amount of any Letter of Credit or Unfunded Ancillary Credit Extension. Any Lender making such a withdrawal shall be unconditionally obligated, in the event there shall subsequently be a drawing under such Letter of Credit or payment in respect of an Unfunded Ancillary Credit Extension, to pay over to the Administrative Agent, for the account of the Issuing Bank or Ancillary Lender, as applicable, on demand, its CAM Percentage of such drawing or payment.

(e) Pending the withdrawal by any Lender of any amounts from its Reserve Account as contemplated by the above paragraphs, the Administrative Agent will, at the direction of such Lender and subject to such rules as the Administrative Agent may prescribe for the avoidance of inconvenience, invest such amounts in Permitted Investments. Each Lender that has not withdrawn its amounts in its Reserve Account as provided in paragraph (d) above shall have the right, at intervals reasonably specified by the Administrative Agent, to withdraw the earnings on investments so made by the Administrative Agent with amounts in its Reserve Account and to retain such earnings for its own account.

SECTION 11.03. Existing Credit Agreement; Effectiveness of this Agreement; Consent to Amendment to U.S. Collateral Agreement. Until this Agreement becomes effective in accordance with the terms hereof, the Existing Credit Agreement shall remain in full force and effect and shall not be affected hereby. After the Restatement Effective Date, all obligations of the Borrowers under the Existing Credit Agreement shall become obligations of the Borrowers hereunder, secured by the Security Documents, and the provisions of the Existing Credit Agreement shall be superseded by the provisions hereof. Each of the parties hereto confirms that the amendment and restatement of the Existing Credit Agreement pursuant to this Agreement shall not constitute a novation of the Existing Credit Agreement. By delivering a signed Lender Signature Page, each Lender hereby consents to the amendments to the U.S. Collateral Agreement contained in the U.S. Collateral Agreement Amendment.

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


TRW AUTOMOTIVE HOLDINGS CORP.,

by		/s/ Xxxxxx X. Xxxxxx

		Name: Xxxxxx X. Xxxxxx
		Title: Executive Vice President and Chief Financial Officer


TRW AUTOMOTIVE INC.,

by		/s/ Xxxxxx X. Xxxxxx

		Name: Xxxxxx X. Xxxxxx
		Title: Executive Vice President and Chief Financial Officer


XXXXX INDUSTRIES LIMITED,

by		/s/ Xxxxx X. Xxxxx

		Name: Xxxxx X. Xxxxx
		Title: Director


TRW SYSTEMS LIMITED,

by		/s/ Xxxxx X. Xxxxx

		Name: Xxxxx X. Xxxxx
		Title: Director


TRW AUTOMOTIVE GMBH,

by		/s/ Xxxxx Xxxxxxx

		Name: Xxxxx Xxxxxxx
		Title: Director


TRW DEUTSCHLAND HOLDING GMBH,

by		/s/ Xxxxx Xxxxxxx

		Name: Xxxxx Xxxxxxx
		Title: Director


JPMORGAN CHASE BANK, N.A. (f/k/a JPMORGAN CHASE BANK), Individually and as Administrative Agent, Collateral Agent, Issuing Bank and Swingline Lender

by		/s/ Xxxxxxx X. Xxxxx

		Name: Xxxxxxx X. Xxxxx
		Title: Managing Director


BANK OF AMERICA, N.A., as Syndication Agent,

by		/s/ Xxxxx Xxxxxxxx

		Name: Xxxxx Xxxxxxxx
		Title: Vice President


BANK OF AMERICA, N.A., as Swingline Lender,

by		/s/ Xxxxx Xxxxxxxx

		Name: Xxxxx Xxxxxxxx
		Title: Vice President

LENDER SIGNATURE PAGE TO THE TRW

AUTOMOTIVE INC. EIGHTH AMENDED

AND RESTATED CREDIT AGREEMENT

Signature pages received from the following institutions:

Bank of America, N.A.

Bank Hapoalim B.M.

Barclays Bank plc

Bayerische Landesbank, New York Branch

BNP Paribas

Comerica Bank

Credit Agricole Corporate and Investment Bank, New York Branch

Commerzbank AG, New York and Grand Cayman Branches

Commerzbank Aktiengesellschaft, Filiale Luxemburg

Deutsche Bank AG New York Branch

DZ Bank AG

E.Sun Commercial Bank, Ltd., Los Angeles Branch

Export Development Canada

Fifth Third Bank

Xxxxxxx Xxxxx Bank USA

HSBC Bank USA, NA

Industrial and Commercial Bank of China Limited, New York Branch

Intesa SanPaolo S.p.A.

Lloyds TSB Bank plc

Mizuho Corporate Bank Limited

Xxxxxx Xxxxxxx Bank, X.X.

Xxxxxx Corporate Funding Americas, LLC

PNC Bank, National Association

RB International Finance (USA) LLC

Sumitomo Mitsui Banking Corporation

The Bank of New York Mellon

The Bank of Nova Scotia

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

The Huntington National Bank

The Northern Trust Company

The Royal Bank of Scotland plc

UBS Loan Finance LLC

Unicredit Bank AG, New York Branch

U.S. Bank National Association

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EIGHTH AMENDED AND RESTATED CREDIT AGREEMENT Dated as of September 28, 2012, Among TRW AUTOMOTIVE HOLDINGS CORP., TRW AUTOMOTIVE INC. (f/k/a TRW AUTOMOTIVE ACQUISITION CORP.), THE FOREIGN SUBSIDIARY BORROWERS PARTY HERETO, THE LENDERS PARTY HERETO,...

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