Contract
Exhibit 4.6 EXECUTION COPY AMENDMENT NO. 1 Dated as of December 20, 2019 to CREDIT AGREEMENT Dated as of March 23, 2018 THIS AMENDMENT NO. 1 (this “Amendment”) is made as of December 20, 2019 by and among nVent Finance S.à x.x., a Luxembourg private limited liability company (Société à responsabilité limitée) having its registered office at 00, Xxxxxxxxx Xxxxx, X-0000 Xxxxxxxxxx, Grand Duchy of Luxembourg and registered with the Luxembourg Trade and Companies Register (Registre de commerce et des sociétés, Luxembourg) under number B219846 (the “Company”), nVent Electric plc, an Irish public limited company (the “Parent”), and Xxxxxxx Xxxxxxx Holdings, Inc. (formerly known as Pentair Technical Products Holdings, Inc.), a Delaware corporation (the “Affiliate Borrower”, collectively with the Company and the Parent, the “Loan Parties”), the Lenders party hereto and JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders (the “Administrative Agent”), under that certain Credit Agreement dated as of March 23, 2018, by and among the Loan Parties, the Lenders from time to time party thereto and the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement. WHEREAS, the Loan Parties have requested that the Required Lenders agree to make certain modifications to the Credit Agreement; WHEREAS, the Loan Parties, the Lenders party hereto and the Administrative Agent have agreed to amend the Credit Agreement on the terms and conditions set forth herein; NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Loan Parties, the Lenders party hereto and the Administrative Agent hereby agree to enter into this Amendment. 1. Amendments to the Credit Agreement. Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (such date, the “Amendment Effective Date”), the parties hereto agree that the Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Credit Agreement attached as Annex A hereto (the Credit Agreement as so amended, the “Amended Credit Agreement”). 2. Conditions of Effectiveness. This Amendment shall become effective as of the first date on which each of the following conditions shall have been satisfied: (a) The Administrative Agent (or its counsel) shall have received either US-DOCS\111992278.5
(A) counterparts of this Amendment duly executed by each of the Loan Parties, the Required Lenders and the Administrative Agent or (B) written evidence satisfactory to the Administrative Agent (which may include facsimile or electronic transmission of an executed signature page of this Amendment) that such parties have executed counterparts of this Amendment. (b) (i) The Administrative Agent shall have received, at least five (5) days prior to the Amendment Effective Date, all documentation and other information regarding any Borrower requested in connection with applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, to the extent requested in writing of the Company at least ten (10) days prior to the Amendment Effective Date and (ii) to the extent any Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, at least five (5) days prior to the Amendment Effective Date, any Lender that has requested, in a written notice to the Company at least ten (10) days prior to the Amendment Effective Date, a Beneficial Ownership Certification in relation to such Borrower shall have received such Beneficial Ownership Certification (provided that, upon the execution and delivery by such Lender of its signature page to this Amendment, the condition set forth in this clause (b) shall be deemed to be satisfied). (c) The Administrative Agent shall have received payment and/or reimbursement of the Administrative Agent’s and its affiliates’ fees and expenses (including the reasonable, documented and invoiced fees, disbursements and other charges of one primary counsel (and one additional local counsel in each applicable jurisdiction) for the Administrative Agent) in accordance with the Loan Documents. The Administrative Agent shall notify the Company and the Lenders of the Amendment Effective Date, and such notice shall be conclusive and binding. 3. Representations and Warranties of the Loan Parties. Each Loan Party hereby represents and warrants as follows: (a) Each of this Amendment and the Amended Credit Agreement constitutes a valid and binding agreement of each Loan Party enforceable against the applicable Loan Parties in accordance with its terms, except to the extent that the enforceability thereof may be limited by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter affecting creditors’ rights generally, any mandatory applicable provisions of Luxembourg law of general application and general principles of equity. (b) As of the date hereof and immediately after giving effect to the terms of this Amendment, (i) no Default has occurred and is continuing and (ii) the representations and warranties of the Borrowers set forth in the Credit Agreement (other than the representations contained in Sections 3.04(b) and 3.05 of the Credit Agreement) are true and correct in all material respects (provided that any representation or warranty that is qualified by materiality or Material Adverse Effect is true and correct in all respects), or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date. 4. Confirmation of Guarantees. The Parent, by its execution of this Amendment, hereby consents to this Amendment and confirms and ratifies that all of its obligations as a Guarantor under the Amended Credit Agreement shall continue in full force and effect for the benefit of the Administrative Agent and the Lenders with respect to the Amended Credit Agreement and, for the avoidance of doubt, acknowledges and agrees and confirms that the Term Loans made by the Term Lenders to the Company on the Amendment Effective Date are part of the “Guaranteed Obligations” that are guaranteed by the Parent under the Amended Credit Agreement. 2
5. Reference to and Effect on the Credit Agreement. (a) From and after the effectiveness of the amendment to the Credit Agreement evidenced hereby, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Amended Credit Agreement, shall, unless the context otherwise requires, refer to the Amended Credit Agreement, and the term “Credit Agreement”, as used in the other Loan Documents, shall mean the Amended Credit Agreement. (b) Each Loan Document and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement, the Loan Documents or any other documents, instruments and agreements executed and/or delivered in connection therewith. (d) This Amendment shall be a Loan Document. 6. Governing Law; Jurisdiction. This Amendment shall be construed in accordance with and governed by the law of the State of New York. Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to only the jurisdiction of (i) the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan, and of the United States District Court for the Southern District of New York sitting in the Borough of Manhattan and (ii) any U.S. federal or Illinois state court sitting in Chicago, Illinois, and in each case any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document, 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 Amendment or any other Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Amendment or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction. 7. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 8. Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment. [Signature Pages Follow] 3
ANNEX A Attached
EXECUTION�COP� CREDIT�AGREEMENT dated�as�of Xxxxxx00,x0000 xxxxx XXXXX�ELECTRIC�plc as�Parent, NVENT�FINANCE�S.��X.X. as�Company, PENTAIR�TECHNICAL�PRODUCTSHOFFMAN�XXXXXXX�HOLDINGS,�INC. as�an�Affiliate�Borrower The�Other�Affiliate�Borrowers�From�Time�to�Time�Party�Hereto, The�Lenders�Party�Hereto, JPMORGAN�CHASE�BANK,�N.A. as�Administrative�Agent, BANK�OF�AMERICA,�N.A. THEMUFG�BANK�OF�TOK�O-MITSUBISHI�UFJ,�LTD. CITIBANK,�N.A.�and U.S.�BANK�NATIONAL�ASSOCIATION as�Syndication�Agents, and XXXXXXX�XXXXX�BANK�USA XXXXX�FARGO�BANK,�NATIONAL�ASSOCIATION HSBC�BANK�USA,�NATIONAL�ASSOCIATION�and DEUTSCHE�BANK�SECURITIES�INC. as�Documentation�Agents JPMORGAN�CHASE�BANK,�X.X. XXXXXXX�L�NCH,�XXXXXX,�XXXXXX���XXXXX�INCORPORATED THEMUFG�BANK�OF�TOK�O-MITSUBISHI�UFJ,�LTD. CITIGROUP�GLOBAL�MARKETS�INC.�and U.S.�BANK�NATIONAL�ASSOCIATION US-DOCS\111991625.1111991625.6
TABLE�OF�CONTENTS Page ARTICLE�I.�DEFINITIONS 5 SECTION�1.01 Defined�Terms 5 SECTION�1.02 Classification�of�Loans�and�Borrowings 3637 SECTION�1.03 Terms�Generally 3637 SECTION�1.04 Accounting�Terms��GAAP 3637 SECTION�1.05 XxxxxxxxxXxxxx 0000 XXXXXXXx0.00 Xxxxxxxxxx�Terms 3738 SECTION�1.07 Certain�Calculations 3738 SECTION�1.08 Divisions 39 ARTICLE�II.�THE�CREDITS 3839 SECTION�2.01 Commitments 3839 SECTION�2.02 Loans�and�Borrowings 3839 SECTION�2.03 Requests�for�Borrowings 3940 SECTION�2.04 XxxxxxxxxxxxxxxxxXxxxxxxXxxxxxx 0000 SECTION�2.05 Swingline�Loans 4041 SECTION�2.06 Letters�of�Credit 4143 SECTION�2.07 Funding�of�Borrowings 4748 SECTION�2.08 Interest�Elections 4849 SECTION�2.09 Termination�and�Reduction�of�Commitments 4950 SECTION�2.10 Repayment�and�Amorti�ation�of�Loans��Evidence�of�Indebtedness 5051 SECTION�2.11 Prepayment�of�Loans 5152 SECTION�2.12 Fees �5253 SECTION�2.13 Interest 5354 SECTION�2.14 Alternate�Rate�of�Interest 5556 SECTION�2.15 Increased�Costs 5657 SECTION�2.16 Break�Funding�Payments 5859 SECTION�2.17 Taxes �5859 SECTION�2.18 Payments�Generally��Pro�Rata�Treatment��Sharing�of�Set-offs 6566 SECTION�2.19 Mitigation�Obligations��Replacement�of�Lenders 6768 SECTION�2.20 Expansion�Option 6869 SECTION�2.21 Market�Disruption 6970 SECTION�2.22 Judgment�Currency 7071 SECTION�2.23 Designation�of�Affiliate�Borrowers 7071 SECTION�2.24 Defaulting�Lenders 7072 SECTION�2.25 Extension�of�Maturity�Date. 7274 ARTICLE�III.�REPRESENTATIONS�AND�WARRANTIES 7576 SECTION�3.01 Corporate�Existence�and�Power. 7576 SECTION�3.02 Corporate�and�Governmental�Authori�ation��Contravention. 7576 SECTION�3.03 Binding�Effect. 7576 SECTION�3.04 Financial�Information 7576 SECTION�3.05 Litigation,�etc. 7677 SECTION�3.06 ERISA�Compliance. 7677 SECTION�3.07 Taxes. 7677 SECTION�3.08 Not�an�Investment�Company. 7677
SECTION�3.09 Environmental�Matters 7677 SECTION�3.10 Use�of�Proceeds. 7677 SECTION�3.11 Disclosure. 7677 SECTION�3.12 Anti-Corruption�Laws�and�Sanctions. 7778 SECTION�3.13 XxxxxxxxxxxxxxxXxxxxxxxxxXxxxxInterests 7778 XXXXXXXx0.00 XxxxxxXxx-XxxxxRules 78 SECTION�3.15 EEA�Financial�Institutions 7879 SECTION�3.16 Irish�Loan�Party 7879 SECTION�3.17 Tax�Residence 7879 ARTICLE�IV.�CONDITIONS 7879 SECTION�4.01 Effective�Date 7879 SECTION�4.02 Closing�Date 7980 SECTION�4.03 Each�Credit�Event 8081 SECTION�4.04 Designation�of�an�Affiliate�Borrower 8182 ARTICLE�V.�AFFIRMATIVE�COVENANTS 8283 SECTION�5.01 Information. 8283 SECTION�5.02 Use�of�Proceeds 8485 SECTION�5.03 Compliance�with�Contractual�Obligations�and�Laws 8485 SECTION�5.04 Insurance. 8485 SECTION�5.05 Ownership�of�Borrowers. 8485 SECTION�5.06 Payment�of�Taxes 8485 XXXXXXXx0.00 XxxxxxXxx-XxxxxRule 8586 SECTION�5.08 Loan�Party�Location 8586 SECTION�5.09 Tax�Residence 8586 SECTION�5.10 Service�of�Process�Agent 8586 ARTICLE�VI.�NEGATIVE�COVENANTS 8586 SECTION�6.01 Maximum�Net�Leverage�Ratio 8586 SECTION�6.02 Minimum�Interest�Coverage�Ratio 8687 SECTION�6.03 Negative�Pledge. 8687 SECTION�6.04 Consolidations,�Mergers�and�Sales�of�Assets��Acquisitions. 8889 SECTION�6.05 Subsidiary�Debt. 8889 SECTION�6.06 OFAC�and�Anti-Corruption�Laws 8990 ARTICLE�VII.�EVENTS�OF�DEFAULT 9091 ARTICLE�VIII.�THE�ADMINISTRATIVE�AGENT 9394 SECTION�8.01 Authori�ation�and�Action 9394 SECTION�8.02 XxxxxxxxxxxxxxxXxxxxxxxXxxxxxxx,xIndemnification,�Etc 9596 SECTION�8.03 Posting�of�Communications. 9697 SECTION�8.04 The�Administrative�Agent�Individually 9798 SECTION�8.05 Successor�Administrative�Agent 9798 SECTION�8.06 Acknowledgement�of�Lenders�and�Issuing�Banks. 9899 SECTION�8.07 Certain�ERISA�Matters 9899 ARTICLE�IX.�MISCELLANEOUS 100101 SECTION�9.01 Notices 100101 SECTION�9.02 Waivers��Amendments 102103 SECTION�9.03 Expenses��Indemnity��Damage�Waiver 104105
SECTION�9.04 Successors�and�Assigns 105106 SECTION�9.05 Survival 110111 SECTION�9.06 Counterparts��Integration��Effectiveness��Electronic�Execution 110111 SECTION�9.07 Severability 111112 SECTION�9.08 Right�of�Setoff 111112 SECTION�9.09 Governing�Law��Jurisdiction��ConsentxxxxXxxxxxxxxxxXxxxxxx 000000 SECTION�9.10 XXXXXXxXXxXXXxxXXXXX 000000 SECTION�9.11 Headings 113114 SECTION�9.12 Confidentiality 113114 SECTION�9.13 USA�PATRIOTxXxx 000000 SECTION�9.14 XxxxxxxxxXxxxxXxxxxxxxxx 000000 XXXXXXXx0.00 XxxXxxxxxxxxxDuty,�etc 114115 SECTION�9.16 Acknowledgement�and�Consent�to�Bail-In�of�EEA�Financial�Institutions115116 SECTION�9.17 Confirmation�of�Lender�s�Status�as�Swiss�Qualifying�Lender 116 SECTION�9.18 Acknowledgement�Regarding�Supported�QFCs 117 ARTICLE�X.�PARENT�GUARANTEE 116117 SCHEDULES: Schedule�2.01 -- Commitments Schedule�2.05� -- Swingline�Sublimits Schedule�6.03 -- List�of�Existing�Liens Schedule�6.05 -- Existing�Debt EXHIBITS: Exhibit�A� -- Form�of�Assignment�and�Assumption Exhibit�B-1 -- Form�of�Opinion�of�Xxxxx���Lardner�LLP Exhibit�B-2 -- Form�of�Opinion�of�Xxxxxx�Xxx Exhibit�B-3�������-- Form�of�Opinion�of�Xxxxx���Overy Exhibit�C-1� -- Form�of�Increasing�Lender�Supplement Exhibit�C-2�������-- Form�of�Augmenting�Lender�Supplement Exhibit�D-1 -- Form�of�Revolving�Credit�Note Exhibit�D-2 -- Form�of�Term�Loan�Note Exhibit�E� --� List�of�Effective�Date�and�Closing�Date�Documents Exhibit�F-1� -- Form�of�Affiliate�Borrowing�Agreement Exhibit�F-2� -- Form�of�Affiliate�Borrowing�Termination Exhibit�G-1 -- Form�of�Borrowing�Request Exhibit�G-2 -- Form�of�Interest�Election�Request Exhibits�H-1-4 -- Form�of�U.S.�Tax�Compliance�Certificates Exhibit�I -- Form�of�Irish�Qualifying�Lender�Confirmation
CREDIT� AGREEMENT� (this� “Agreement��� dated� as� of� Xxxxxx 00,x 0000x xxxxxx XXXXX ELECTRIC�plc,�an�Irish�public�limited�company,�NVENT�FINANCE�S.��X.X.,�a�Luxembourg�private limited�liability�company�(Société à responsabilité limitée��having�its�registered�office�at�00,xxxxxxxxxx Xxxxx,xX-0000xXxxxxxxxxx�and�registered�with�the�Luxembourg�Trade�and�Companies�Register�under number�B219846,�the�other�AFFILIATE�BORROWERS�from�time�to�time�party�hereto,�the�LENDERS from�time�to�time�party�hereto,�JPMORGAN�XXXXXxXXXX,xX.X.,xas�Administrative�Agent,�BANK�OF AMERICA,� N.A.,� THEMUFG� BANK� OF� TOK�O-MITSUBISHI� XXX,x XXX.x (x/x/xx The� Bank� of Tokyo-Mitsubishi� XXX,x Xxx.x,x XXXXXXXX,� N.A.� and� U.S.� BANK� NATIONAL� ASSOCIATION,� as Syndication� Agents� and� XXXXXXX� XXXXX� BANK� USA,� � XXXXX� FARGO� BANK,� NATIONAL ASSOCIATION,� HSBC� BANK� USA,� NATIONAL� ASSOCIATION� and� DEUTSCHE� BANK SECURITIES�INC.,�as�Documentation�Agents. NOW,� THEREFORE,� in� consideration� of� the� premises� and� the� mutual� covenants� contained herein,�the�parties�hereto�agree�as�follows: ARTICLE�I. DEFINITIONS SECTION�1.01 � Defined� Terms.� � As� used� in� this� Agreement,� the� following� terms� have� the meanings�specified�below: “ABR�,�when�used� in�reference�to�any�Loan�or�Borrowing,�refers�to�such�Loan,�or�the�Loans comprising�such�Borrowing,�bearing�interest�at�a�rate�determined�by�reference�to�the�Alternate�Base�Rate. “Acquisition��means�any�transaction�or�series�of�related�transactions�(excluding�any�transaction solely�among�the�Parent�and/or�one�or�more�persons�that�are�already�Subsidiaries��that�result,�directly�or indirectly,�in�(a��the�acquisition�by�the�Parent�or�any�Subsidiary�of�all�or�substantially�all�of�the�assets�of�a Person,�or�of�all�or�substantially�all�of�any�business�or�division�of�a�Person,�(b��the�acquisition�of�in�excess of� 50%� of� xxxx xxxxxxxx xxxxx,x partnership� interests,� membership� interests� or� equity� of� any� Person,� or otherwise� causing� any� Person� to� become� a� Subsidiary,� or� (c�� a� merger� or� consolidation� or� any� other combination�with�another�Person��provided�that�the�Parent�or�a�Subsidiary�is�the�ultimate�surviving�entity. “Additional�Commitment�Lender��has�the�meaning�assigned�to�such�term�in�Section�2.25(d�. “Adjusted� LIBO� Rate�� means,� with� respect� to� any� Eurocurrency� Borrowing� for� any� Interest Period,�an�interest�rate�per�annum�equal�to�(a��the�LIBO�Rate�for�such�Interest�Period�multiplied�by�(b��the Statutory�Reserve�Rate. “Administrative�Agent��means�JPMCB�(including�its�branches�and�affiliates��in�its�capacity�as administrative� agent� for� the� Lenders� hereunder,� and� any� successor� administrative� agent� arising� under Section�9.04. “Administrative�Questionnaire��means�an�Administrative�Questionnaire�in�a�form�supplied�by�the Administrative�Agent. “Affiliate��means,�as�to�any�Person,�any�other�Person�directly�or�indirectly�controlling,�controlled by,� or� under� direct� or� indirect� common� control� with,� such� Person.� � A� Person� shall� be� deemed� to� be “controlled�by��any�other�Person�if�such�other�Person�possesses,�directly�or�indirectly,�power�to�direct�or cause�the�direction�of�the�management�and�policies�of�such�Person�whether�by�contract�or�otherwise�(but,
for�the�avoidance�of�doubt,�no�individual�shall�be�deemed�to�be�an�Affiliate�of�a�Person�solely�because such�individual�is�a�director�(or�the�equivalent�thereof��or�senior�officer�of�such�Person�. “Affiliate�Borrower�Sublimit��means�$300,000,000. “Affiliate� Borrowers�� means,� collectively,� the� Initial� Affiliate� Borrower� and� any� Eligible Subsidiary�that�becomes�an�Affiliate�Borrower�pursuant�to�Section�2.23�and,�in�each�case,�that�has�not ceased�to�be�an�Affiliate�Borrower��and�“Affiliate�Borrower��means�any�of�the�Affiliate�Borrowers. “Affiliate�Borrowing�Agreement��means�an�Affiliate�Borrowing�Agreement�substantially�in�the form�of�Exhibit�F-1. “Affiliate�Borrowing�Termination��means�an�Affiliate�Borrowing�Termination�substantially�in�the form�of�Exhibit�F-2. “Agent�Indemnitee��has�the�meaning�assigned�to�it�in�Section�9.03(c�. “Agreed�Currencies��means�with�respect�to�(a��Revolving�Loans,�Agreed�Loan�Currencies�and (b��Letters�of�Credit,�Agreed�LC�Currencies. “Agreed�LC�Currencies��means�(a��the�Agreed�Loan�Currencies�and�(b��any�other�currency�that�is (i�� readily� available� and� freely� transferable� and� convertible� into� Dollars� and� (ii�� agreed� to� by� the Company,�the�Administrative�Agent�and�the�relevant�Issuing�Bank. “Agreed�Loan�Currencies��means�(i��Dollars,�(ii��euro,�(iii��Pounds�Sterling�and�(iv��any�other currency�(A��that�is�a�lawful�currency�(other�than�Dollars��that�is�readily�available�and�freely�transferable and� convertible� into� Dollars,� (B�� for� which� a� LIBOR� Screen� Rate� is� available� in� the� Administrative Agent�s�reasonable�determination�and�(C��that�is�agreed�to�by�the�Administrative�Agent�and�each�of�the Revolving�Lenders. “Agreement��means�this�Credit�Agreement. “Alternate�Base�Rate��means,�for�any�day,�a�rate�per�annum�equal�to�the�greatest�of�(a��the�Prime Rate�in�effect�on�such�day,�(b��the�N�FRB�Rate�in�effect�on�such�day�plus���of�1%�and�(c��the�Adjusted LIBO�Rate�for�a�one�month�Interest�Period�in�Dollars�on�such�day�(or�if�such�day�is�not�a�Business�Day, the�immediately�preceding�Business�Day��plus�1%,�provided�that�for�the�purpose�of�this�definition,�the Adjusted�LIBO�Rate�for�any�day�shall�be�based�on�the�LIBO�Rate�(or�if�the�LIBO�Rate�is�not�available�for such�one�month�Interest�Period,�the�Interpolated�Rate��at�approximately�11:00�a.m.�London�time�on�such day.��Any�change�in�the�Alternate�Base�Rate�due�to�a�change�in�the�Prime�Rate,�the�N�FRB�Rate�or�the Adjusted�LIBO�Rate�shall�be�effective�from�and�including�the�effective�date�of�such�change�in�the�Prime Rate,�the�N�FRB�Rate�or�the�Adjusted�LIBO�Rate,�respectively.��If�the�Alternate�Base�Rate�is�being�used as�an�alternate�rate�of�interest�pursuant�to�Section�2.14�hereof,�then�the�Alternate�Base�Rate�shall�be�the greater�of�clause�(a��and�(b��above�and�shall�be�determined�without�reference�to�clause�(c��above.��For�the avoidance�of�doubt,�if�the�Alternate�Base�Rate�as�so�determined�would�be�less�than��ero,�such�rate�shall�be deemed�to�be��ero�for�purposes�of�this�Agreement. “Alternative�Rate��has�the�meaning�assigned�to�such�term�in�Section�2.14(a�. “Amendment�Xx.x0xXxxxxxxxxxDate��means�December�20,�2019. 7
“Anti-Corruption�Laws��means�all�laws,�rules,�and�regulations�of�any�jurisdiction�applicable�to the�Parent�and�its�affiliated�companies�concerning�or�relating�to�bribery�or�corruption. “Applicable�LC�Sublimit��means�(i��with�respect�to�JPMCB�in�its�capacity�as�an�Issuing�Bank under� this� Agreement,� $40,000,000,� (ii�� with� respect� to� Bank� of� America,� N.A.� in� its� capacity� as� an Issuing� Bank� under� this� Agreement,� $40,000,000,� (iii�� with� respect� to� TheMUFG� Bank� of� Tokyo- Mitsubishi�UFJ,�Ltd.�in�its�capacity�as�an�Issuing�Bank�under�this�Agreement,�$40,000,000,�(iv��with respect�to�Citibank,�N.A.�in�its�capacity�as�an�Issuing�Bank�under�this�Agreement,�$40,000,000,�(v��with respect� to� U.S.� Bank� National� Association� in� its� capacity� as� an� Issuing� Bank� under� this� Agreement, $40,000,000�and�(vi��with�respect�to�any�other�Person�that�becomes�an�Issuing�Bank�pursuant�to�the�terms of�this�Agreement,�such�amount�as�agreed�to�in�writing�by�the�Company,�the�Administrative�Agent�and such�Person�at�the�time�such�Person�becomes�an�Issuing�Bank�pursuant�to�the�terms�of�the�Agreement,�as each�of�the�foregoing�amounts�may�be�decreased�or�increased�from�time�to�time�with�the�written�consent of� the� Company,� the� Administrative� Agent� and� the� Issuing� Banks� (provided� that� any� increase� in� the Applicable�LC�Sublimit�with�respect�to�any�Issuing�Bank�shall�only�require�the�consent�of�the�Company and�such�Issuing�Bank�. “Applicable�Maturity�Date��has�the�meaning�assigned�to�such�term�in�Section�2.25(a�. “Applicable�Percentage��means,�with�respect�to�any�Lender,�(a��with�respect�to�Revolving�Loans, Revolving� Credit� Exposure,� LC� Exposure� or� Swingline� Loans,� the� percentage� equal� to� a� fraction� the numerator� of� which� is� such� Lender�s� Revolving� Commitment� and� the� denominator� of� which� is� the aggregate� Revolving� Commitments� of� all� Revolving� Lenders� (if� the� Revolving� Commitments� have terminated� or� expired,� the� Applicable� Percentages� shall� be� determined� based� upon� the� Revolving Commitments�most�recently�in�effect,�giving�effect�to�any�assignments��and�(b��with�respect�to�the�Term Loans,�(i��at�any�time�prior�to�advancing�the�Term�Loans,�a�percentage�equal�to�a�fraction�the�numerator of�which�is�such�Lender�s�Term�Loan�Commitment�and�the�denominator�of�which�is�the�aggregate�Term Loan� Commitments� of� all� Term� Lenders� and� (ii�� at� any� time� after� advancing� the� Term� Loans,� a percentage�equal�to�a�fraction�the�numerator�of�which�is�such�Lender�s�outstanding�principal�amount�of the�Term�Loans�and�the�denominator�of�which�is�the�aggregate�outstanding�principal�amount�of�the�Term Loans�of�all�Term�Lenders��provided�that,�in�the�case�of�each�of�the�foregoing�clauses�(a��and�(b�,�in�the case� of� Section�2.24� when� a� Defaulting� Lender� shall� exist,� any� such� Defaulting� Lender�s� Revolving Commitment,� Dollar� and/or� Term� Loan� Commitment,� as� applicable,� shall� be� disregarded� in� the calculation. “Applicable�Rate��means,�for�any�day,�with�respect�to�any�Eurocurrency�Revolving�Loan,�any Eurocurrency� Term� Loan,� any� ABR� Revolving� Loan,� or� any� ABR� Term�Loan,� or� with� respect� to� the facility�fees�payable�hereunder,�as�the�case�may�be,�the�applicable�rate�per�annum�set�forth�below�under the�caption�“Eurocurrency�Spread�for�Revolving�Loans�,�“Eurocurrency�Spread�for�Term�Loans�,�“ABR Spread�for�Revolving�Loans�,��“ABR�Spread�for�Term�Loans��or�“Facility�Fee�Rate�,�as�the�case�may�be, based�upon�the�Pricing�Level�applicable�on�such�date. Pricing Facility Eurocurrency ABR Eurocurrency ABR Level Fee Spread�for Spread�for Spread�for Spread�for Revolving�Loans Revolving�Loans Term�Loans Term�Loans Level�I 0.10% 0.90% 0% 1.00% 0% Level�II 0.125% 1.00% 0% 1.125% 0.125% Level�III 0.15% 1.10% 0.10% 1.25% 0.25% 8
“Approved� Jurisdictions�� means� Ireland,� Swit�xxxxxx,x Xxxxxxxxxx,x the� Xxxxxxx Xxxxxxx xxx XxxxxxxxxxxxXxxxx. “Arrangers��means�each�of�JPMCB,�Xxxxxxx�Xxxxx,�Xxxxxx,�Xxxxxx���Xxxxx�Incorporated,�MUFG Xxxx,xXxx.x(x/x/xxThe�Bank�of�Tokyo-Mitsubishi�XXX,xXxx.x,xCitigroup�Global�Markets�Inc.�and�U.S. Bank�National�Association�in�its�capacity�as�a�joint�bookrunner�and�joint�lead�arranger�hereunder. “Assignment�and�Assumption��means�an�assignment�and�assumption�agreement�entered�into�by�a Lender�and�an�assignee�(with�the�consent�of�any�party�whose�consent�is�required�by�Section�9.04�,�and accepted� by� the� Administrative� Agent,� in� the� form� of� Exhibit� A� or� any� other� form� approved� by� the Administrative�Agent. “Augmenting�Lender��is�defined�in�Section�2.20. “Availability�Period��means�the�period�from�and�including�the�Closing�Date�to�but�excluding�the earlier�of�the�Revolving�Credit�Maturity�Date�and�the�date�of�termination�of�the�Revolving�Commitments. “Bail-In� Action�� means� the� exercise� of� any� Write-Down� and� Conversion� Powers� by� the applicable�EEA�Resolution�Authority�in�respect�of�any�liability�of�an�EEA�Financial�Institution. “Bail-In�Legislation��means,�with�respect�to�any�EEA�Member�Country�implementing�Article�55 of� Directive� 2014/59/EU� of� the� Xxxxxxxxx Xxxxxxxxxxx xxxx xxx the� Council� of� the� European� Union,� the implementing�law�for�such�EEA�Member�Country�from�time�to�time�which�is�described�in�the�EU�Bail-In Legislation�Schedule. “Banking�Services��means�each�and�any�of�the�following�bank�services�provided�to�the�Parent�or any� Subsidiary� by� any� Lender� or� any� of� its� Affiliates:� � (a�� credit� cards� for� commercial� customers (including,�without�limitation,�commercial�credit�cards�and�purchasing�cards�,�(b��stored�value�cards,�(c� merchant� processing� services� and� (d�� treasury� management� services� (including,� without� limitation, controlled�disbursement�services,�automated�clearinghouse�transactions,�return�items�services,�any�direct debit�scheme�or�arrangement,�overdraft�services�and�interstate�depository�network�services�. “Banking� Services� Agreement�� means� any� agreement� entered� into� by� the� Parent� or� any Subsidiary�in�connection�with�Banking�Services. “Bankruptcy�Event��means,�with�respect�to�any�Person,�such�Person�becomes�the�subject�of�a voluntary�or�involuntary�bankruptcy�or�insolvency�proceeding,�or�has�had�a�receiver,�conservator,�trustee, administrator,� custodian,� assignee� for� the� benefit� of� creditors� or� similar� Person� charged� with� the reorgani�ation�or�liquidation�of�its�business�appointed�for�it,�or,�in�the�good�faith�determination�of�the Administrative�Agent,�has�taken�any�action�in�furtherance�of,�or�indicating�its�consent�to,�approval�of,�or acquiescence�in,�any�such�proceeding�or�appointment�or�has�had�any�order�for�relief�in�such�proceeding entered� in� respect� thereof,� provided� that� a� Bankruptcy� Event� shall� not� result� solely� by� virtue� of� any ownership� interest,� or� the� acquisition� of� any� ownership� interest,� in� such� Person� by� a� Governmental Authority�or�instrumentality�thereof,�unless�such�ownership�interest�results�in�or�provides�such�Person with� immunity� from� the� jurisdiction� ofx xxxxxxx xxxxxxx xxxx Xxxxxxx Xxxxxx� or� from� the� enforcement� of judgments�or�writs�of�attachment�on�its�assets�or�permits�such�Person�(or�such�Governmental�Authority�or instrumentality�� to� reject,� repudiate,� disavow� or� disaffirm� any� contracts� or� agreements� made� by� such Person. 11
“Beneficial�Ownership�Certification��means�a�certification�regarding�beneficial�ownership or�control�as�required�by�the�Beneficial�Ownership�Regulation. “Beneficial�Ownership�Regulation��means�31�C.F.R.���1010.230. “Benefit� Plan�� means� any� of� (a�� an� “employee� benefit� plan�� (as� defined� in� Section� 3(3�� of ERISA��that�is�subject�to�Title�I�of�ERISA,�(b��a�“plan��as�defined�in�Section�4975�of�the�Code�to�which Xxxxxxxx0000xxxxthe�Code�applies,�and�(c��any�Person�whose�assets�include�(for�purposes�of�the�Plan�Asset Regulations�or�otherwise�for�purposes�of�Title�I�of�ERISA�or�Section�4975�of�the�Code��the�assets�of�any such�“employee�benefit�plan��or�“plan�. “BHC�Act�Affiliate��of�a�party�means�an�“affiliate��(as�such�term�is�defined�under,�and interpreted�in�accordance�with,�12�U.S.C.�1841(k���of�such�party. “Board��means�the�Board�of�Governors�of�the�Federal�Reserve�SystemxxxxxxxxXxxxxxxXxxxxx. “Borrower��means�the�Company�or�any�Affiliate�Borrower. “Borrowing��means�(a��Revolving�Loans�of�the�same�Type,�made,�converted�or�continued�on�the same�date�and,�in�the�case�of�Eurocurrency�Loans,�as�to�which�a�single�Interest�Period�is�in�effect,�(b��a Term�Loan�of�the�same�Type�and�Class,�made,�converted�or�continued�on�the�same�date�and,�in�the�case of�Eurocurrency�Loans,�as�to�which�a�single�Interest�Period�is�in�effect�or�(c��a�Swingline�Loan. “Borrowing� Request�� means� a� request� by� any� Borrower� for� a� Borrowing� in� accordance� with Section� 2.03� in� substantially� the� form� attached� hereto� as� Exhibit� G-1� or� such� other� form� as� the Administrative�Agent�may�approve�from�time�to�time. “Business�Day��means�any�day�that�is�not�a�Saturday,�Sunday�or�other�day�on�which�commercial banks�in�New��ork�City�are�authori�ed�or�required�by�law�to�remain�closed��provided�that,�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�the�relevant�Agreed�Currency�in�the�London�interbank�market�or�the principal�financial�center�of�such�Agreed�Currency�(and,�if�the�Borrowings�or�LC�Disbursements�which are�the�subject�of�a�borrowing,�drawing,�payment,�reimbursement�or�rate�selection�are�denominated�in euro,�the�term�“Business�Day��shall�also�exclude�any�day�on�which�the�TARGET2�payment�system�is�not open�for�the�settlement�of�payments�in�euro�. “Calendar�Quarter��means�each�of�the�four�calendar�quarters�of�each�calendar�year�ending�each Xxxxxx00,xXxxxx00,�September�30�and�December�31�of�each�calendar�year. “Cash�Collaterali�e��means�to�pledge�and�deposit�with�or�deliver�to�the�Administrative�Agent,�for the� benefit� of� the� Administrative� Agent,� the� applicable� Issuing� Bank� and� the� Revolving� Lenders,� as collateral�or�support�for�the�LC�Exposure,�cash�or�deposit�account�balances,�or�a�standby�letter�of�credit from� a� financial� institution� satisfactory� to� the� Administrative� Agent,� in� each� case� pursuant� to documentation� in� form� and� substance� reasonably� satisfactory� to� the� Administrative� Agent� and� the applicable�Issuing�Bank�(which�documents�are�hereby�consented�to�by�the�Lenders�.��Derivatives�of�such term�shall�have�corresponding�meanings. “Change�in�Law��means�the�occurrence,�after�the�Effective�Date�(or�with�respect�to�any�Lender,�if later,�the�date�on�which�such�Lender�becomes�a�Lender�,�of�any�of�the�following:��(a��the�adoption�or taking�effect�of�any�law,�rule,�regulation�or�treaty,�(b��any�change�in�any�law,�rule,�regulation�or�treaty�or in� the� administration,� interpretation,� implementation� or� application� thereof� by� any� Governmental 12
“Consolidated�Subsidiary��means,�as�of�any�date,�any�Subsidiary�or�other�entity�the�accounts�of which�would�be�consolidated�with�those�of�the�Parent�in�its�consolidated�financial�statements�as�of�such date�prepared�in�accordance�with�GAAP. “Consolidated�Total�Assets��means�the�total�consolidated�assets�of�the�Parent�and�its�Subsidiaries, in�each�case�determined�in�accordance�with�GAAP. “Country�Risk�Event���means: (a� any�law,�action�or�failure�to�act�by�any�Governmental�Authority�in�any�Borrower�s�or Letter�of�Credit�beneficiary�s�country�which�has�the�effect�of: (i� changing�the�obligations�of�any�Issuing�Bank�or�the�Lenders�under�the relevant� Letter� of� Credit,� the� Agreement� or� any� of� the� other� Loan� Documents� as originally� agreed� or� otherwise� creating�any�additional�liability,�cost�or� expense�to� any Issuing� Bank,� the� Lenders� or� the� Administrative� Agent� from� that� which� exists� on� the Effective�Date, (ii� changing�the�ownership�or�control�by�such�Borrower�or�Letter�of�Credit beneficiary�of�its�business,�or (iii� preventing�or�restricting�the�conversion�into�or�transfer�of�the�applicable Agreed�Currency� (b� force�majeure��or (c� any�similar�event, which,�in�relation�to�(a�,�(b��and�(c�,�directly�or�indirectly,�prevents�or�restricts�the�payment�or�transfer�of any�amounts�owing�under�the�relevant�Letter�of�Credit�in�the�applicable�Agreed�Currency�into�an�account designated�by�the�Administrative�Agent�or�such�Issuing�Bank�and�freely�available�to�the�Administrative Agent�or�such�Issuing�Bank. “Covered�Entity��means�any�of�the�following: (i�� a� “covered� entity�� as� that� term� is� defined� in,� and� interpreted� in accordance�with,�12�C.F.R.���252.82(b�� (ii�� a� “covered� bank�� as� that� term� is� defined� in,� and� interpreted� in accordance�with,�12�C.F.R.���47.3(b���or (iii�� a� “covered� FSI�� as� that� term� is� defined� in,� and� interpreted� in accordance�with,�12�C.F.R.���382.2(b�. “Covered�Party��has�the�meaning�assigned�to�it�in�Section�9.18. “Credit�Event��means�a�Borrowing,�the�issuance,�renewal�or�extension�of�a�Letter�of�Credit,�the amendment�of�a�Letter�of�Credit�that�increases�the�face�amount�thereof,�an�LC�Disbursement�or�any�of�the foregoing. 14
“Credit�Exposure��means,�as�to�any�Lender�at�any�time,�the�sum�of�(a��such�Lender�s�Revolving Credit�Exposure�at�such�time,�plus�(b��an�amount�equal�to�the�aggregate�principal�amount�of�its�Term Loans�outstanding�at�such�time. “Credit�Party��means�the�Administrative�Agent,�the�Issuing�Banks,�the�Swingline�Lenders�or�any other�Lender. “Debt��means,�with�respect�to�any�Person�at�any�date,�without�duplication,�(i��all�obligations�of such� Person� for� borrowed� money,� (ii�� all� obligations� of� such� Person� evidenced� by� bonds,� debentures, notes�or�other�similar�instruments,�(iii��all�obligations�of�such�Person�to�pay�the�deferred�purchase�price�of property� or� services,� except� trade� accounts� payable� and� accrued� liabilities� (including� employee compensation� and� benefit� obligations�� arising� in� the� ordinary� course� of� business,� (iv�� the� outstanding principal�obligations�of�such�Person�as�lessee�under�capital�leases,�(v��all�Debt�of�others�secured�by�a�Lien on�any�asset�of�such�Person,�whether�or�not�such�Debt�is�assumed�by�such�Person�(it�being�understood that�if�such�Debt�has�not�been�assumed�by�such�Person,�the�amount�of�such�Debt�shall�be�deemed�to�be the� lesser� of� the� fair� market� value� at� such� date� of� such� asset� and� the� amount� of� such� Debt�,� (vi�� the aggregate�outstanding�investment�or�claim�held�by�purchasers,�assignees�or�transferees�of�(or�of�interests in��receivables�of�such�Person�in�connection�with�any�Securiti�ation�Transaction,�(vii��all�non-contingent reimbursement�obligations�of�such�Person�under�letters�of�credit�and�bank�guarantees,�and�(viii��all�Debt (as� defined� above�� of� others� Guaranteed� by� such� Person.� � Notwithstanding� the� foregoing,� Debt� shall exclude�(a��any�“earnouts��or�similar�obligations�accrued�in�respect�of�any�Permitted�Acquisition,�(b��any obligations� in� respect� of� customer� advances� in� the� ordinary� course� of� business� consistent� with� past practices� and� (c��defeased� and/or� discharged� indebtedness� so� long� as� (i�� neither� the� Parent� nor� any Subsidiary�has�any�liability�(contingent�or�otherwise��with�respect�to�such�indebtedness�and�(ii��the�cash, securities� and/or� other� assets� used� to� defease� and/or� discharge� such� indebtedness� are� not,� directly� or indirectly,�an�asset�of�the�Parent�or�any�Subsidiary.��In�the�event�any�of�the�foregoing�Debt�is�limited�to recourse�against�a�particular�asset�or�assets�of�such�Person,�the�amount�of�the�corresponding�Debt�shall�be equal�to�the�lesser�of�the�amount�of�such�Debt�and�the�fair�market�value�of�such�asset�or�assets�at�the�date for�determination�of�the�amount�of�such�Debt.��For�the�avoidance�of�doubt,�the�amount�of�Debt�of�any Person�at�any�date�will�be�calculated�without�duplication�of�any�Guarantee�in�respect�thereof. “Default��means�any�event�or�condition�which� constitutes�an�Event�of�Default�or�which�upon notice,�lapse�of�time�or�both�would,�unless�cured�or�waived,�become�an�Event�of�Default. “Default� Right�� has� the� meaning� assigned� to� that� term� in,� and� shall� be� interpreted� in accordance�with,�12�C.F.R.����252.81,�47.2�or�382.1,�as�applicable. “Defaulting�Lender��means�any�Lender�that�(a��has�failed,�within�three�(3��Business�Days�of�the date� required� to� be� funded� or� paid,� to� (i�� fund� any� portion� of� its� Loans,� (ii�� fund� any� portion� of� its participations� in� Letters� of� Credit� or� Swingline� Loans� or� (iii�� pay� over� to� any� Credit� Party� any� other amount�required�to�be�paid�by�it�hereunder,�unless,�in�the�case�of�clause�(i��above,�such�Lender�notifies the� Administrative� Agent� in� writing� that� such� failure� is� the� result� of� such� Lender�s� good� faith determination�that�a�condition�precedent�to�funding�(specifically�identified�and�including�the�particular default,�if�any��has�not�been�satisfied,�(b��has�notified�the�Company�or�any�Credit�Party�in�writing,�or�has made�a�public�statement�to�the�effect,�that�it�does�not�intend�or�expect�to�comply�with�any�of�its�funding obligations�under�this�Agreement�(unless�such�writing�or�public�statement�indicates�that�such�position�is based�on�such�Lender�s�good�faith�determination�that�a�condition�precedent�(specifically�identified�and including�the�particular�default,�if�any��to�funding�a�loan�under�this�Agreement�cannot�be�satisfied��or generally�under�other�agreements�in�which�it�commits�to�extend�credit,�(c��has�failed,�within�three�(3� Business�Days�after�request�by�the�Company�or�the�Administrative�Agent,�acting�in�good�faith,�to�provide a�certification�in�writing�from�an�authori�ed�officer�of�such�Lender�that�it�will�comply�with�its�obligations 15
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�Parent�or�the�Subsidiaries�shall�be�a�Hedging�Agreement. “Impacted� Interest� Period�� has� the� meaning� assigned� to� such� term� in� the� definition� of� “LIBO Rate�. “Increasing�Lender��has�the�meaning�assigned�to�such�term�in�Section�2.20. “Incremental�Term�Loan��has�the�meaning�assigned�to�such�term�in�Section�2.20. “Incremental�Term�Loan�Amendment��has�the�meaning�assigned�to�such�term�in�Section�2.20. “Indemnified�Taxes��means�(a��Taxes�other�than�Excluded�Taxes�imposed�on�or�with�respect�to any�payment�made�by�any�Loan�Party�under�any�Loan�Document�and�(b��Other�Taxes. “Indemnitee��has�the�meaning�assigned�to�such�term�in�Section�9.03(b�. “Ineligible�Institution��has�the�meaning�assigned�to�such�term�in�Section�9.04(b�. “Information��has�the�meaning�assigned�to�such�term�in�Section�9.12. “Initial�Affiliate�Borrower��means�Xxxxxxx�Xxxxxxx�Holdings,�Inc.�(formerly�known�as�Pentair Technical�Products�Xxxxxxxx,xXxx.x,xa�Delaware�corporation. “Insolvency�Regulation��shall�mean�the�Regulation�EU�2015/848�of�the�European�Parliament�and of�the�Council�of�20�May�2015�on�insolvency�proceedings�(recast�. “Interest�Coverage�Ratio��means,�for�any�period,�the�ratio�of�(i��EBITDA�for�such�period�to�(ii� Interest�Expense�for�such�period. “Interest�Expense��means,�for�any�period,�the�sum,�without�duplication,�of�consolidated�interest expense�of�the�Parent�and�its�Subsidiaries�for�such�period�(including,�in�each�case�to�the�extent�included�in interest�expense�on�the�Parent�s�consolidated�income�statement,�the�interest�component�of�capital�leases, the�interest�component�of�Synthetic�Lease�Obligations,�facility,�commitment�and�usage�fees,�and�fees�for standby�letters�of�credit�,�plus�consolidated�yield�or�discount�accrued,�during�such�period�on�the�aggregate outstanding�investment�or�claim�held�by�purchasers,�assignees�or�other�transferees�of�(or�of�interests�in� receivables� of� the� Parent� and� its� Subsidiaries� in� connection� with� any� Securiti�ation� Transaction (regardless�of�the�accounting�treatment�of�such�Securiti�ation�Transaction�,�plus�net�payments�(if�any� pursuant�to�Hedging�Agreements,�minus�the�sum�(without�duplication��of�(a��annual�administrative�agent fees,� (b��costs� associated� with� obtaining� swap� agreements� and� any� interest� expense� attributable�to�the movement� of� the� xxxx-to-market� valuation� of� obligations� under� swap� agreements� or� other� derivative instruments�and�any�one-time�costs�associated�with�breakage�in�respect�of�swap�agreements�for�interest rates,�(c��costs�associated�with�the�issuance�or�incurrence�of�debt,�including�amorti�ation�and�write-off�of deferred�and�other�financing�fees,�debt�issuance�costs,�commissions,�fees�and�expenses�and�original�issue discount,� (d�� PIK� interest,� (e�� any� non-cash� expense� in� respect� of� any� interest� component� relating� to accretion�or�accrual�of�discounted�liabilities�and�(f��net�receipts�(if�any��pursuant�to�Hedging�Agreements. 22
(ii� in�whose�hands�any�interest�payable�in�respect�of�money�so�advanced�is taken�into�account�in�computing�the�trading�income�of�that�company��and (iii� which�has�complied�with�the�notification�requirements�set�out�in�Section 246(5�(a��of�the�Irish�TCA. (d� a�qualifying�company�within�the�meaning�of�Xxxxxxxx000xxxxthe�Irish�TCA��or (e� an�investment�undertaking�within�the�meaning�of�Xxxxxxxx000Xxxxxthe�Irish�TCA��or (f� an�Irish�Treaty�Lender��or (g� an�exempted�approved�scheme�within�the�meaning�of�Xxxxxxxx000xxxxthe�Irish�TCA. “Irish�TCA��means�the�Taxes�ConsolidationxXxx,x0000xxxxXxxxxxx. “Irish�Treaty�Lender��means�a�Lender�which�is�on�the�date�the�relevant�payment�is�made�entitled under�a�double�taxation�agreement�(an�“Irish�Treaty���in�force�on�that�date�between�Ireland�and�another jurisdiction� to� that� payment� without� any� withholding� for� or� on� account� of� Irish� Tax� (subject� to� the completion�of�any�procedural�formalities��and�which�does�not�carry�on�a�business�in�Ireland�through�a permanent�establishment�with�which�that�Lender�s�participation�in�the�Loan�is�effectively�connected. “Issuing�Bank��means�each�of�JPMCB,�Bank�of�America,�N.A.,�MUFG�Xxxx,xXxx.x(x/x/xxThe Bank�of�Tokyo-Mitsubishi�UFJ,�Ltd.�,�Citibank,�N.A.,�U.S.�Bank�National�Association�and�each�other Lender�designated�by�the�Company�as�an�“Issuing�Bank��hereunder�that�has�agreed�to�such�designation (and�is�reasonably�acceptable�to�the�XxxxxxxxxxxxxxxXxxxxx,xeach�in�its�capacity�as�the�issuer�of�Letters�of Credit�hereunder,�and�its�successors�in�such�capacity�as�provided�in�Section�2.06(i�.��Each�Issuing�Bank may,�in�its�discretion,�arrange�for�one�or�more�Letters�of�Credit�to�be�issued�by�Affiliates�or�branches�of such�Issuing�Bank,�in�which�case�the�term�“Issuing�Bank��shall�include�any�such�Affiliate�or�branch,�as applicable,�with�respect�to�Letters�of�Credit�issued�by�such�Affiliate. “JPMCB��means�XXXxxxxxxXxxxxxXxxx,xN.A. “Knowledge�� means� the� actual� knowledge� of� a� Responsible� Officer,� without� giving� effect� to imputed�or�constructive�knowledge�or�giving�rise�to�any�duty�to�investigate. “LC�Disbursement��means�a�payment�made�by�an�Issuing�Bank�pursuant�to�a�Letter�of�Credit. “LC�Exposure��means,�at�any�time,�the�sum�of�(a��the�aggregate�undrawn�Dollar�Amount�of�all outstanding�Letters�of�Credit�at�such�time�which�are�then�available�plus�(b��the�aggregate�Dollar�Amount of�all�LC�Disbursements�that�have�not�yet�been�reimbursed�by�or�on�behalf�of�the�Company�at�such�time. The�LC�Exposure�of�any�Revolving�Lender�at�any�time�shall�be�its�Applicable�Percentage�of�the�total�LC Exposure�at�such�time. “Lender�Notice�Date��has�the�meaning�assigned�to�such�term�in�Section�2.25(b�. “Lender� Parent�� means,� with� respect� to� any� Lender,� any� Person� as� to� which� such� Lender� is, directly�or�indirectly,�a�subsidiary. “Lenders�� means� the� Persons� listed� on� Schedule� 2.01� and� any� other� Person� that� shall� have become�a�Lender�hereunder�pursuant�to�Section�2.20�or�pursuant�to�an�Assignment�and�Assumption�or 25
“Permitted�Acquisition��means�any�Acquisition�by�the�Parent�or�a�Subsidiary�which�satisfies�each of�the�following�requirements:�(i��no�Event�of�Default�or�Default�has�occurred�and�is�continuing�at�the time�of,�or�will�result�upon�giving�effect�to,�such�Acquisition��and�(ii��in�the�case�of�the�Acquisition�of�any Person,�the�board�of�directors�(or�equivalent�governing�body��of�the�Person�being�acquired�(or�all�of�the equity�holders�thereof��shall�have�approved�such�Acquisition. “Person��means�an�individual,�partnership,�corporation,�limited�liability�company,�business�trust, joint�stock�company,�trust,�unincorporated�association,�joint�venture�or�Governmental�Authority. “Plan�� means� at� any� time� an� employee� pension� benefit� plan� which� is� covered� by� Title� IV� of ERISA� or� subject� to� the� minimum� funding� standards� under� Xxxxxxxx 000x xxx the� Code� and� is� either� (i� maintained�by�the�Parent�or�any�ERISA�Affiliate�for�employees�of�the�Parent�or�such�ERISA�Affiliate�or (ii��maintained�pursuant�to�a�collective�bargaining�agreement�or�any�other�arrangement�under�which�more than�one�employer�makes�contributions�and�to�which�the�Parent�or�any�ERISA�Affiliate�is�then�making�or accruing� an� obligation� to� make� contributions� or� has� within� the� preceding� five� plan� years� made contributions. “Plan�XxxxxxXxxxxxxxxxxxxxxxxxx00xXXX���2510.3-101�et seq.,�as�modified�by�Section�3(42��of ERISA,�as�amended�from�time�to�time. “Pounds�Sterling��means�the�lawfulxxxxxxxxxxxxxxxxxXxxxxxxXxxxxxx. “Prime� Rate�� means� the� rate� of� interest�last�quoted� by� XxxxXxxxxXxxxxxx Journal� as� the� “Prime Rate��in�the�U.S.�or,�if�XxxxXxxxxXxxxxxxJournal�ceases�to�quote�such�rate,�the�highest�per�annum�interest rate�published�by�the�Board�in�Federal�Reserve�Statistical�Release�H.15�(519��(Selected�Interest�Rates��as the�“bank�prime�loan��rate�or,�if�such�rate�is�no�longer�quoted�therein,�any�similar�rate�quoted�therein�(as determined�in�good�faith�by�the�Administrative�Agent��or�any�similar�release�by�the�Board�(as�determined in�good�faith�by�the�XxxxxxxxxxxxxxxXxxxxx.xEach�change�in�the�Prime�Rate�shall�be�effective�from�and including�the�date�such�change�is�publicly�announced�or�quoted�as�being�effective. “PTE��means�a�prohibited�transaction�class�exemption�issued�by�the�U.S.�Department�of�Labor, as�any�such�exemption�may�be�amended�from�time�to�time. “Public� Debt� Rating�� the� rating� that� has� been� most� recently� announced� by� S�P,� Xxxxx�s� or Fitch,�as�the�case�may�be,�for�any�class�of�non-credit�enhanced�long-term�senior�unsecured�debt�issued�by the�Company�(or�if�no�such�rating�is�then�in�effect�with�respect�to�such�debt,�then�the�corporate,�issuer�or similar� rating� with�respect�to�the�Parent,�that�has�been�most�recently�announced�by�S�P,�Xxxxx�s�or Fitch,�as�the�case�may�be�,�or,�if�any�such�rating�agency�shall�have�issued�more�than�one�such�rating,�the lowest�such�rating�issued�by�such�rating�agency. “QFC��has�the�meaning�assigned�to�the�term�“qualified�financial�contract��in,�and�shall�be interpreted�in�accordance�with,�12�U.S.C.�5390(c�(8�(D�. “QFC�Credit�Support��has�the�meaning�assigned�to�it�in�Section�9.18. “Quotation�Day��means,�with�respect�to�any�Eurocurrency�Borrowing�for�any�Interest�Period,�(i� if�the�currency�is�Pounds�Sterling,�the�first�day�of�such�Interest�Period,�(ii��if�the�currency�is�euro,�the�day that� is� two� (2�� TARGET2� Days� before� the� first� day� of� such� Interest� Period,� and� (iii�� for� any� other currency,�two�(2��Business�Days�prior�to�the�commencement�of�such�Interest�Period�(unless,�in�each�case, market�practice�differs�in�the�relevant�market�where�the�LIBO�Rate�for�such�currency�is�to�be�determined, in� which� case� the� Quotation� Day� will� be� determined� by� the�Administrative� Agent� in� accordance� with 30
one�or�more�intermediaries,�or�both,�by�such�Person.��Unless�otherwise�specified,�all�references�herein�to�a “Subsidiary��or�to�“Subsidiaries��shall�refer�to�a�Subsidiary�or�Subsidiaries�of�the�Parent. “Supported�QFC��has�the�meaning�assigned�to�it�in�Section�9.18. “Surviving�Commitment��has�the�meaning�assigned�to�such�term�in�Section�2.09(b�. “Surviving�Lender��has�the�meaning�assigned�to�such�term�in�Section�2.09(b�. “Swingline� Exposure�� means,� at� any� time,� the� aggregate� principal� Dollar� Amount� of� all Swingline�Loans�outstanding�at�such�time.��The�Swingline�Exposure�of�any�Lender�at�any�time�shall�be the�sum�of�(a��its�Applicable�Percentage�of�the�total��Swingline�Exposure�at�such�time�other�than�with respect�to�any�Swingline�Loans�made�by�such�Lender�in�its�capacity�as�a�Swingline�Lender�and�(b��the aggregate�principal�Dollar�Amount�of�all�Swingline�Loans�made�by�such�Lender�as�a�Swingline�Lender outstanding�at�such�time�(less�the�Dollar�Amount�of�participations�funded�by�the�other�Revolving�Lenders in�such�Swingline�Loans�. “Swingline�Foreign�Currency�Sublimit��means�$30,000,000. “Swingline�Lenders��means�each�of�JPMCB,�Bank�of�America,�N.A.,�MUFG�Bank,�Ltd.�(f/k/a The� Bank� of� Tokyo-Mitsubishi� UFJ,� Ltd.�,� Citibank,� N.A.,� U.S.� Bank� National� Association� and� each other� Lender� designated� by� the� Company� as� a� “Swingline� Lender�� hereunder� that� has� agreed� to� such designation�(and�is�reasonably�acceptable�to�the�XxxxxxxxxxxxxxxXxxxxx,xeach�in�its�capacity�as�a�lender�of Swingline�Loans�hereunder. “Swingline�Loan��means�a�Loan�made�pursuant�to�Section�2.05. “Swingline�Sublimit�� means� as� to� any� Lender� (i��the�amount� set�forth� opposite� such�Lender�s name�on�Schedule�2.05�hereof�or�(ii��if�such�Lender�has�entered�into�an�Assignment�and�Assumption,�the amount� set� forth� for� such� Lender� as� its� Swingline� Sublimit� in� the� Register� maintained� by� the Administrative�Agent�pursuant�to�Section�9.04(b�(iv��(provided�that,�in�the�case�of�each�of�the�foregoing clauses�(i��and�(ii�,�any�increase�in�the�Swingline�Sublimit�with�respect�to�any�Lender�shall�only�require the�consent�of�the�Company�and�such�Lender�. “Swiss�Borrower��means�any�Affiliate�Borrower�organi�ed�under�the�laws�of�Swit�erland�or,�if different,�is�deemed�resident�in�Swit�erland�for�Swiss�Withholding�Tax�purposes�pursuant�to�Article�9�of the�Swiss�Withholding�Tax�Act. “Swiss�Guidelines��means,�together,�the�guidelines�S-02.122.1�in�relation�to�bonds�of�April�1999 as� issued� by� the� Swiss� Federal� Tax� Administration� (Merkblatt S-02.122.1 vom April 1999 betreffend “Obligationen”�,�S-02.123�in�relation�to�inter�bank�transactions�of�22�September�1986�as�issued�by�the Swiss�Federal�Tax�Administration�(Merkblatt S-02.123 vom 22 September 1986 betreffend Zinsen von Bankguthaben, xxxxx Xxxxxxxxx Xxxxxx sind (Interbankguthaben)�,�S-02.128�in�relation�to�syndicated credit� facilitiesx xxx Xxxxxxxx 0000x (Xxxxxxxxx S-02.128 vom Januar 2000 “Steuerliche Behandlung von Konsortialdarlehen, Schuldscheindarlehen, Wechseln und Unterbeteiligungen”�,�S-02.130.1�in�relation�to money� market� instruments� and� book� claims� of� Xxxxxx 0000x (Xxxxxxxxx S-02.130.1 vom April 1999 “Geldmarktpapiere und Buchforderungen inländischer Schuldner”�,� thex xxxxxxxxx xxxxxxx Xx.x 00� (1-015- DVS-2007��of�7�February�2007�in�relation�to�bonds�and�derivative�financial�instruments�as�subject�matter of�taxation�of�Swiss�federal�income�tax,�Swiss�withholding�tax�and�Swiss�stamp�taxes�(Kreisschreiben Nr. 15 “Obligationen und derivative Finanzinstrumente als Gegenstand der direkten Bundessteuer, der Verrechnungssteuer und der Stempelabgaben” vom 3. Oktober 2017��and�the�circular�letter�Xx.x00xxxx00 00
“Syndication�Agent��means�each�of�Bank�of�America,�N.A.,�MUFG�Xxxx,xXxx.x(x/x/xxThe�Bank of�Tokyo-Mitsubishi�XXX,xXxx.x,xXxxxxxxx,�N.A.�and�U.S.�Bank�National�Association�in�its�capacity�as syndication�agent�for�the�credit�facilities�evidenced�by�this�Agreement. “Synthetic�Lease�Obligations��means�obligations�under�operating�leases�(as�determined�pursuant to� Statement� of� Financial� Xxxxxxxxxxx Xxxxxxxxxx Xx.x 00�� of� properties� which� are� reported� for� United States� income� tax� purposes� as� owned� by� the� Parent� or� a� Consolidated� Subsidiary.� � The� amount� of Synthetic�Lease�Obligations�under�any�such�lease�shall�be�determined�in�accordance�with�GAAP�as�if such�operating�lease�were�a�capital�lease. “TARGET2�� means� the� Trans-European� Automated� Xxxx-xxxxx Xxxxxx Xxxxxxxxxxx Express Transfer� (TARGET2�� payment� system� (or,� if� such� payment�system�ceases� to� be� operative,� such� other payment�system�(if�any��reasonably�determined�by�the�Administrative�Agent�to�be�a�suitable�replacement� for�the�settlement�of�payments�in�euro. “TARGET2�Day��means�a�day�that�TARGET2�is�open�for�the�settlement�of�payments�in�euro. “Taxes��means�any�and�all�present�or�future�taxes,�levies,�imposts,�duties,�deductions,�fees,�value added�taxes,�or�any�other�goods�and�services,�use�or�sales�taxes,�assessments,�charges�or�withholdings imposed�by�any�Governmental�Authority,�including�any�interest,�additions�to�tax�or�penalties�applicable thereto. “Term� Lender�� means,� as� of� any� date� of� determination,� each� Lender� having� a� Term� Loan Commitment�or�that�holds�Term�Loans. “Term�Loan�Commitment��means�(a��as�to�any�Term�Lender,�the�aggregate�commitment�of�such Term�Lender�to�make�Term�Loans�as�set�forth�on�Schedule�2.01�or�in�the�Assignment�and�Assumption�or other�documentation�or�record�(as�such�term�is�defined�in�Section�9-102(a�(70��of�the�New��ork�Uniform Commercial� Code�� as� provided� in� Section� 9.04(b�(ii�(C�� or� other� documentation� contemplated� hereby pursuant�to�which�such�Lender�shall�have�assumed�its�Term�Loan�Commitment,�as�applicable�and�(b��as to� all� Term� Lenders,� the� aggregate� commitment� of� all� Term� Lenders� to� make� Term� Loans,� which aggregate�commitment�shall�be�$200,000,000�on�the�date�of�this�Agreement.��After�advancing�the�Term Loan,� each� reference� to� a� Term� Lender�s� Term� Loan� Commitment� shall� refer� to� that� Term� Lender�s Applicable�Percentage�of�the�Term�Loans. “Term�Loan�Maturity�Date��means�the�five�year�anniversary�of�the�Closing�Date,�as�extended�(in the�case�of�each�Term�Lender�consenting�thereto��pursuant�to�Section�2.25. “Term� Loans�� means� the� term� loans� made� by� the� Term� Lenders� to� the� Company� pursuant� to Section�2.01(b�. “Total� Revolving� Credit� Exposure�� means,� at� any� time,� the� sum� of� the� outstanding� principal amount�of�all�Revolving�Lenders��Revolving�Loans,�their�LC�Exposure�and�their�Swingline�Exposure�at such�time��provided,�that�clause�(a��of�the�definition�of�Swingline�Exposure�shall�only�be�applicable�to�the extent�Revolving�Lenders�shall�have�funded�their�respective�participations�in�the�outstanding�Swingline Loans. “Trade�Date��has�the�meaning�specified�in�Section�9.04(e�(i��hereof. 37
“Transaction� Expenses�� has� the� meaning� assigned� to� such� term� in� the� definition� of� “Spinoff Transactions�. “Transactions�� means� the� execution,� delivery� and� performance� by� the� Loan� Parties� of� this Agreement�and�the�other�Loan�Documents,�the�borrowing�of�Loans,�the�use�of�the�proceeds�thereof,�the issuance�of�Letters�of�Credit�hereunder,�the�Spinoff�and�the�Spinoff�Transactions. “Type�,�when�used�in�reference�to�any�Loan�or�Borrowing,�refers�to�whether�the�rate�of�interest on�such�Loan,�or�on�the�Loans�comprising�such�Borrowing,�is�determined�by�reference�to�the�Adjusted LIBO�Rate�or�the�Alternate�Base�Rate. “Unfunded�Vested�Liabilities��means,�with�respect�to�any�Plan�at�any�time,�the�amount�(if�any� by�which�(i��the�current�liability�as�defined�in�Section�412(l�(7��of�the�Code�under�such�Plan�exceeds�(ii� the�fair�market�value�of�all�Plan�assets�allocable�to�such�benefits,�all�as�determined�as�of�the�then�most recent�valuation�date�for�such�Plan,�but�only�to�the�extent�that�such�excess�represents�a�potential�liability of�the�Parent�or�any�ERISA�Affiliate�to�the�PBGC�or�such�Plan�under�Title�IV�of�ERISA. “United�States��and�“U.S.��each�mean�the�United�States�of�America. “U.S.�Lender��means�a�Lender�that�is�not�a�Foreign�Lender. “U.S.�Person��means�a�“United�States�person��within�the�meaning�of�Section�7701(a�(30��of�the Code. “U.S.�Special�Resolution�Regime��has�the�meaning�assigned�to�it�in�Section�9.18. “UK�Bankruptcy�Event��means: (a� a�UK�Relevant�Entity�is�unable�or�admits�inability�to�pay�its�debts�(as�defined�in�section 123(1�(a��of�the�InsolvencyxXxxx0000xxas�they�fall�due�or�is�deemed�to�or�declared�to�be�unable�to�pay�its debts�under�applicable�law,�or�suspends�or�threatens�to�suspend�making�payments�on�any�of�its�debts�or, by�reason�of�actual�or�anticipated�financial�difficulties��or (b� any�corporate�action,�legal�proceedings�or�other�formal�procedure�or�formal�step�for�(i� the�suspension�of�payments,�a�moratorium�of�any�indebtedness,�winding-up,�dissolution,�administration�or reorgani�ation� (by� way� of� voluntary� arrangement,� scheme� of� arrangement� or� otherwise�� of� any� UK Relevant�Entity��(ii��a�composition,�compromise,�assignment�or�arrangement�with�any�creditor�of�any�UK Relevant�Entity��or�(iii��the�appointment�of�a�liquidator,�receiver,�administrative�receiver,�administrator, compulsory�manager�or�other�similar�officer�in�respect�of�any�UK�Relevant�Entity,�or�any�of�the�assets�of any�UK�Relevant�Entity��save�that�this�paragraph�(b��shall�not�apply�to�any�action,�proceeding,�procedure or�formal�step�which�is�frivolous�or�vexatious�and�is�discharged,�stayed�or�dismissed�within�14�days�of commencement. “UK�Borrower��means�any�Affiliate�Borrower�resident�for�tax�purposes�in�England�and�Wales. “UK�Borrower�DTTP�Filing��means�an�HM�Revenue���Customs��FormxXXXX0,xduly�completed and�filed�by�the�relevant�UK�Borrower,�which: (a� where�it�relates�to�a� UK� Treaty� Lender�that�is�a�Lender�on�the�day� this�Agreement�is entered�into�(or�anyxxxxxxxxxxxxxxxxxx,xcontains�the�scheme�reference�number�and�jurisdiction�of�tax 38
financial�statements�delivered�pursuant�to�Section�5.01(a��and�5.01(b��shall�be�prepared�without�giving effect�to�this�sentence�. SECTION�1.05 Interest� Rates.� � The� Administrative� Agent� does� not� warrant� or� accept responsibility�for,�and�shall�not�have�any�liability�with�respect�to,�the�administration,�submission�or�any other�matter�related�to�the�rates�in�the�definition�of�“LIBO�Rate��or�with�respect�to�any�comparable�or successor�rate�thereto,�or�replacement�rate�therefor�(other�than,�for�the�avoidance�of�doubt,�with�respect�to its�obligation�to�apply�the�definition�of�such�rate�in�accordance�with�itsxxxxxxx. XXXXXXXx0.00 Xxxxxxxxxx�Terms.��Notwithstanding�any�other�provision�of�this�Agreement�to the�contrary,�in�this�Agreement�where�it�relates�to�any�Affiliate�Borrower�which�is�organi�ed�under�the laws�of�Luxembourg,�a�reference�to:�(a��a�receiver,�conservator,�trustee,�administrator,�custodian,�assignee for� the� benefit� of� creditors,� compulsory� manager� or� other� similar� officer� includes� a� juge délégué, commissaire, juge-commissaire, mandataire ad hoc, administrateur provisoire, liquidateur�or�curateur� (b�� liquidation,� bankruptcy,� insolvency,� reorgani�ation,� moratorium� or� any� similar� proceeding� shall include� (i�� insolvency/bankruptcy (faillite) within� the� meaning� of� Articles� 437� ff.� of� the� Luxembourg Commercial�Code, (ii��controlled�management (gestion contrôlée) within�the�meaning�of�the�grand�ducal regulation� of� 24� May� 1935� on� controlled� management,� (iii�� voluntary� arrangement� with� creditors (concordat préventif de la faillite) within�the�meaning�of�the�law�of�14�April�1886�on�arrangements�to prevent�insolvency,�as�amended,�(iv��suspension�of�payments (sursis de paiement) within�the�meaning�of Articlesx 000x xx.x xxx xxxx Xxxxxxxxxx� Commercial� Code�or� (v�� voluntary� or� compulsory� winding-up pursuant� to� the� law� of� 10� August� 1915� on� commercial� companies,� as� amended,� (c�� a� lien� or� security interest�includes�any�hypothèque, nantissement, gage, privilège, sûreté réelle, droit de rétention,�and�any type� of� security� in� rem� (sûreté réelle�� or� agreement� or� arrangement� having� a� similar� effect� and� any transfer�of�title�by�way�of�security��(d��a�person�being�unable�to�pay�its�debts�includes�that�person�being�in a�state�of�cessation�of�payments�(cessation de paiements��or�having�lost�or�meeting�the�criteria�to�lose�its commercial�creditworthiness�(ébranlement de crédit���(e��attachments�or�similar�creditors�process�means an�executory�attachment�(saisie exécutoire��or�conservatoryxxxxxxxxxxxx(xxxxxx xxxxxxxxand�(f��a�“set-off� includes,�forxxxxxxxxxxxxxXxxxxxxxxx�law,�legal�set-off. SECTION�1.07 Certain�Calculations.��No�Default�or�Event�of�Default�shall�arise�as�a�result�of�any limitation�or�threshold�set�forth�in�Dollars�in��Articles�VI�and�VII�under�this�Agreement�being�exceeded solely�as�a�result�of�changes�in�currency�exchange�rates�from�those�rates�applicable�on�the�last�day�of�the fiscal� quarter� of� the� Parent� immediately� preceding� the� fiscal� quarter� of� the� Parent� in� which� such transaction�requiring�a�determination�occurs. SECTION�1.08Divisions.��For�all�purposes�under�the�Loan�Documents,�in�connection�with any�division�or�plan�of�division�under�Delaware�law�(or�any�comparable�event�under�a�different jurisdiction�s�laws�:�(a��if�any�asset,�right,�obligation�or�liability�of�any�Person�becomes�the�asset, right,�obligation�or�liability�of�a�different�Person,�then�it�shall�be�deemed�to�have�been�transferred from�the�original�Person�to�the�subsequent�Person,�and�(b��if�any�new�Person�comes�into�existence, such� new� Person� shall� be� deemed� to� have� been� organi�ed� and� acquired� on� the� first� date� of� its existence�by�the�holders�of�its�equity�interests�at�such�time. ARTICLE�II. THE�CREDITS SECTION�2.01 Commitments.� � Subject� to� the� terms� and� conditions� set� forth� herein,� (a�� each Revolving�Lender�(severally�and�not�jointly��agrees�to�make�Revolving�Loans�to�the�Borrowers�in�Agreed Loan�Currencies�from�time�to�time�during�the�Availability�Period�in�an�aggregate�principal�amount�that 42
expected�to�have�a�Material�Adverse�Effect.��Under�the�laws�of�Luxembourg�it�is�not�necessary�that�the Loan�Documents�be�filed,�recorded�or�enrolled�with�any�court�or�other�authority�in�any�jurisdiction�or�that any� stamp,� registration� or� similar� Taxes� be� paid� on� or� in� relation� to� the� Loan� Documents� or� the transactions�contemplated�by�the�Loan�Documents,�except�(i��where�the�Loan�Documents�are�physically attached�(annexé(s)��to�a�public�deed�or�to�any�other�document�subject�to�mandatory�registration,�in�which case� either� a� nominal� registration� duty� or� an� ad valorem� duty� (of,� for� instance,� 0.24� per� cent.� of� the amount�of�the�payment�obligation�mentioned�in�the�document�so�registered��will�be�payable�depending�on the� nature� of� the� document� to� be� registered,� and� (ii�� in� the�case�of� voluntary� registration� of�the� Loan Documents. SECTION�3.08 Not�an�Investment�Company.�Neither�the�Parent�nor�any�Subsidiary�thereof�is�an “investment�company��within�the�meaning�of�the�XxxxxxxxxxxXxxxxxxxXxxxxxx0000. SECTION�3.09 Environmental�Matters.��The�Parent�conducts�in�the�ordinary�course�of�business�a review�of�the�effect�of�existing�Environmental�Laws�and�existing�Environmental�Claims�on�the�business, operations� and� properties� of� the� Parent� and� its� Subsidiaries,� and� as� a� result� thereof� the� Parent� has reasonably�concluded�that�such�Environmental�Laws�and�Environmental�Claims�could�not,�individually�or in�the�aggregate,�reasonably�be�expected�to�have�a�material�adverse�effect�on�the�business,�consolidated financial�position�or�consolidated�results�of�operations�of�the�Parent�and�its�Subsidiaries�taken�as�a�whole. SECTION�3.10 Use� of� Proceeds.� � The� Borrowers� will� use� the� proceeds� of� the� Credit� Events solely�for�the�purposes�described�in�Section�5.02. SECTION�3.11 Disclosure.� � No� written� report,� financial� statement,� certificate� or� other� written information�furnished�by�or�on�behalf�of�any�Loan�Party�to�the�Administrative�Agent�or�any�Lender�in connection�with�the�transactions�contemplated�hereby�and�the�negotiation�of�this�Agreement�or�delivered hereunder� or� under� any� other� Loan� Document� (in� each� case,� as� modified� or� supplemented� by� other information�so�furnished��contains�any�material�misstatement�of�fact�or�omits�to�state�any�material�fact necessary�to�make�the�statements�therein,�in�the�light�of�the�circumstances�under�which�they�were�made, not�misleading�when�taken�as�a�whole��provided�that,�with�respect�to�projected�financial�information,�such Loan� Party� represents�only� that� such� information� was�prepared�in� good� faith� based� upon� assumptions believed�to�be�reasonable�at�the�time�(it�being�understood�and�agreed�that�projected�financial�information is�simply�an�estimate,�and�there�is�no�guarantee�that�projected�results�will�in�fact�be�achieved�.��As�of�the Amendment�Xx.x0xXxxxxxxxxxXxxx,xto�the�best�knowledge�of�the�Company,�the�information�included in�the�Beneficial�Ownership�Certification�provided�on�or�prior�to�the�XxxxxxxxxxXx.x0�Effective Date�to�any�Lender�in�connection�with�this�Agreement�is�true�and�correct�in�all�material�respects. SECTION�3.12 Anti-Corruption�Laws�and�Sanctions. (a� Each� of� the� Parent� and� its� Subsidiaries�and,� to� its� Knowledge,� its� controlled� affiliated companies�and�their�respective�directors,�officers,�employees,�and�agents�are�conducting�their�business�in compliance� in� all� material� respects� with� Anti-Corruption� Laws� and� have� instituted� and� maintained policies� and� procedures� designed� to� promote� and� achieve� compliance� with� such� laws� in� all� material respects. (b� None� of� the� Parent� or� its� Subsidiaries� or,� to� its� Knowledge,�their� respective� directors, officers,�employees�or�agents�acting�in�any�capacity�in�connection�with,�or�directly�benefiting�from,�the Credit�Events: (i� is�a�Designated�Person� 84
members�of�a�group�of�companies�consisting�of�a�holding�company�and�its�subsidiaries�for�the�purposes of�Xxxxxxxx000xxxxthe�Irish�Companies�Act. SECTION�3.17 Tax� Residence.� � Each� Loan� Party� (other� than� the� Parent�� represents� that� it� is resident�for�Tax�purposes�only�in�its�jurisdiction�of�incorporation.��The�Parent�represents�that�it�is�resident for�Tax�purposes�only�in�Ireland�orxxxxxXxxxxxxXxxxxxx. ARTICLE�IV. CONDITIONS SECTION�4.01 Effective�Date.��This�Agreement�and�the�other�Loan�Documents�shall�not�become effective�until�the�date�on�which�each�of�the�following�conditions�is�satisfied�(or�waived�in�accordance with�Section�9.02�: (a� The�Administrative�Agent�(or�its�counsel��shall�have�received�from�each�party hereto�either�(i��a�counterpart�of�this�Agreement�signed�on�behalf�of�such�party�or�(ii��written evidence� satisfactory� to� the� Administrative� Agent� (which� may� include� telecopy� or� electronic transmission� of� a� signed� signature� page� of� this� Agreement�� that� such� party� has� signed� a counterpart�of�this�Agreement. (b� The� Administrative� Agent� shall� have� received� a� favorable� written� opinion (addressed�to�the�Administrative�Agent�and�the�Lenders�and�dated�the�Effective�Date��of�(i��Xxxxx ��Xxxxxxx�LLP,�special�counsel�for�the�Loan�Parties,�(ii��Xxxxxx�Xxx,�special�Irish�counsel�for�the Loan�Parties,�and�(iii��Xxxxx���Overy,�Société en Commandite Simple, inscrite au barreau de Luxembourg,� special� Luxembourg� counsel� for� the� Loan� Parties,� substantially� in� the� form� of XxxxxxxxxX-0,xX-0�and�B-3,�respectively,�and�covering�such�other�matters�relating�to�the�Parent, the� Company,� the� Initial� Affiliate� Borrower,� this� Agreement� or� the� Transactions� as� the Administrative� Agent� shall� reasonably� request.� � The� Company� hereby� requests� each� such counsels�to�deliver�such�opinions. (c� The�Administrative�Agent�shall�have�received�such�documents�and�certificates�as the� Administrative� Agent� or� its� counsel� may� reasonably� request� relating� to� the� organi�ation, existence�and�good�standing�of�the�Loan�Parties�(which�shall�include,�in�the�case�of�the�Irish�Loan Party,�evidence�that�such�Loan�Party�has�complied�with�Xxxxxxxx00xxxxthe�Companies�Act�2014�of Ireland�,�the�authori�ation�of�the�Transactions�and�any�other�legal�matters�relating�to�the�Parent, the�Company,�the�Initial�Affiliate�Borrower,�the�Loan�Documents�or�the�Transactions,�all�in�form and�substance�satisfactory�to�the�Administrative�Agent�and�its�counsel�and�as�further�described�in Section�I�of�the�list�of�closing�documents�attached�as�Exhibit�E. The� Administrative� Agent� shall� notify� the� Company� and� the� Lenders� of� the� Effective� Date,� and� such notice�shall�be�conclusive�and�binding. SECTION�4.02 Closing�Date.��The�obligations�of�the�Lenders�to�make�Loans�and�of�the�Issuing Banks�to�issue�Letters�of�Credit�hereunder�shall�not�become�effective�until�the�date�on�which�each�of�the following�conditions�is�satisfied�(or�waived�in�accordance�with�Section�9.02�: (a� The�Effective�Date�shall�have�occurred. 86
agreements�shall�have�been�waived,�amended,�supplemented�or�otherwise�modified�in�a�manner material�and�adverse�to�the�rights�or�interests�of�the�Lenders�without�the�prior�approval�of�the Administrative� Agent,� it� being� agreed� that� the� Administrative� Agent� will� act� reasonably� in making�any�such�determination. (i� The�Administrative�Agent�shall�have�received�evidence�satisfactory�to�it�that�the “Commitments�� under� (and� as� defined� in�� the� Pentair� Credit� Agreement� have� been� (or contemporaneously� with� the� Closing� Date� will� be�� ratably� and� permanently� reduced� to $800,000,000� or� less� (it� being� understood� that� such� reduction� may� be� effectuated� by� a commitment� reduction� under,� an� amendment� to,� an� amendment� and� restatement� of� or� a replacement�of�the�Pentair�Credit�Agreement�. (j� The�Administrative�Agent�shall�have�received�all�fees�and�other�amounts�due�and payable�on�or�prior�to�the�Closing�Date,�including,�to�the�extent�invoiced�(in�reasonable�detail��at least�one�(1��Business�Day�prior�to�the�Closing�Date,�reimbursement�or�payment�of�all�out-of- pocket�expenses�required�to�be�reimbursed�or�paid�by�the�Company�hereunder. The�Administrative�Agent�shall�notify�the�Company�and�the�Lenders�of�the�Closing�Date,�and�such�notice shall�be�conclusive�and�binding.��Notwithstanding�the�foregoing,�the�obligations�of�the�Lenders�to�make Loans�and�of�the�Issuing�Banks�to�issue�Letters�of�Credit�hereunder�shall�not�become�effective�unless each� of� the� foregoing� conditions�set� forth�in� this� Section�4.02�shall�have�been� satisfied� (or�waived� in accordance�with�Section�9.02��at�or�prior�to�5:00�p.m.,�New��ork�City�time,�on�May�31,�2018,�and�it�is hereby�understood�and�agreed�that�in�the�event�each�of�such�foregoing�conditions�shall�not�have�been�so satisfied�or�waived,�the�Commitments�shall�automatically�and�irrevocably�terminate�at�5:00�p.m.,�New �ork�City�time,�on�Mayx00,x0000. SECTION�4.03 Each�Credit�Event.��The�obligation�of�each�Lender�to�make�a�Loan,�and�of�the Issuing�Banks�to�issue,�increase,�renew�or�extend�any�Letter�of�Credit,�is�subject�to�the�satisfaction�of�the following�conditions: (a� the�representations�and�warranties�of�the�Borrowers�set�forth�in�this�Agreement (other�than�the�representations�contained�in�Sections�3.04(b��and�3.05��shall�be�true�and�correct�in all�material�respects�(provided�that�any�representation�or�warranty�that�is�qualified�by�materiality or�Material�Adverse�Effect�shall�be�true�and�correct�in�all�respects��on�and�as�of�the�date�of�such Loan�(or,�if�any�such�representation�or�warranty�is�expressly�stated�to�have�been�made�as�of�a specific�date,�as�of�such�specific�date��or�the�date�of�issuance,�amendment�to�increase,�renewal�or extension�of�such�Letter�of�Credit,�as�applicable. (b� At�the�time�of�and�immediately�after�giving�effect�to�such�Loan�or�the�issuance, amendment�to�increase,�renewal�or�extension�of�such�Letter�of�Credit,�as�applicable,�no�Default shall�have�occurred�and�be�continuing. Each�Loan�and�each�issuance,�amendment�to�increase,�renewal�or�extension�of�a�Letter�of�Credit�shall�be deemed�to�constitute�a�representation�and�warranty�by�the�Borrowers�on�the�date�thereof�as�to�the�matters specified�in�paragraphs�(a��and�(b��of�this�Section. SECTION�4.04 Designation�of�an�Affiliate�Borrower.��The�designation�of�an�Affiliate�Borrower pursuant�to�Section�2.23�is�subject�to�the�conditions�precedent�that: 88
(a� The� Company� or� such� proposed� Affiliate� Borrower� shall� have� furnished� or caused�to�be�furnished�to�the�Administrative�Agent: (i� subject�to�clauses�(d��and�(e��below,�copies,�certified�by�the�Secretary�or Assistant�Secretary�(or�other�appropriate�officer,�manager�or�director��of�such�Subsidiary, of� its� board� of� directors�� (or� other� applicable� governing� body�s�� resolutions� (and resolutions� of� other� bodies,� if� any� are� deemed� necessary� by� counsel� for� the Administrative�Agent��approving�the�Affiliate�Borrowing�Agreement�and�any�other�Loan Documents� to� which� such� Subsidiary� is� becoming� a� party� and� such� documents� and certificates�as�the�Administrative�Agent�or�its�counsel�may�reasonably�request�relating�to the�organi�ation,�existence�and�good�standing�of�such�Subsidiary� (ii� an� incumbency� certificate,� executed� by� the� Secretary� or� Assistant Secretary�(or�other�appropriate�officer,�manager�or�director��of�such�Subsidiary,�which shall� identify� by� name� and� title� and� bear� the� signature� of� the� officers� or� other representatives�of�such�Subsidiary�authori�ed�to�request�Borrowings�hereunder�and�sign the� Affiliate� Borrowing� Agreement� and� the� other� Loan� Documents� to� which� such Subsidiary�is�becoming�a�party,�upon�which�certificate�the�Administrative�Agent�and�the Lenders�shall�be�entitled�to�rely�until�informed�of�any�change�in�writing�by�the�Company or�such�Subsidiary� (iii� opinions� of� counsel� to� such� Subsidiary� (which� may� include� inside counsel� to� such� Subsidiary� for� certain� matters�,� in� form� and� substance� reasonably satisfactory�to�the�Administrative�Agent�and�its�counsel,�with�respect�to�the�laws�of�its jurisdiction�of�organi�ation�and�such�other�matters�as�are�reasonably�requested�by�counsel to�the�Administrative�Agent�and�addressed�to�the�Administrative�Agent�and�the�Lenders� (iv� any� promissory� notes� requested� by� any� Lender,� and� any� other instruments� and� documents� reasonably� requested� by� the� Administrative� Agent� or� any Lender�(including�in�connection�with�the�Patriot�Act���and (v� any� documentation� and� other� information� related� to� such� Subsidiary reasonably�requested�by�the�Administrative�Agent�or�any�Lender�under�applicable�“know your� customer�� or� similar� rules� and� regulations,� including� the� Patriot� Act� and� the Beneficial�Ownership�Regulation� (b� The�Administrative�Agent�shall�have�received�evidence�satisfactory�to�it�that�all of� such� Affiliate� Borrower�s� then� existing� credit� facilities� shall� have� been� cancelled� and terminated� and� all� indebtedness� thereunder� shall� have� been� fully� repaid� (except� to� the� extent being�so�repaid�with�the�initial�Revolving�Loans�to�such�Borrower�or�otherwise�permitted�to�be outstanding�pursuant�to�this�Agreement�� (c� In�the�event�an�Affiliate�Borrower�is�organi�ed�under�the�laws�of�Luxembourg, (i��an�excerpt�(extrait��issued�by�the�Luxembourg�Trade�and�Companies�Register�dated�as�of�the date�of�its�designation�and�(ii��a�non-registration�certificate�(certificate de non-inscription d’une décision judiciaire�� issued� by� the� Luxembourg� Trade� and� Companies� Register� regarding� the absence�of�judicial�proceedings�dated�as�of�the�date�of�its�designation� (d� In�the�event�an�Affiliate�Borrower�is�organi�ed�under�the�laws�of�Swit�erland,�(i� a�copy�of�the�constitutional�documents�of�such�Affiliate�Borrower,�being�a�certified�excerpt�of�the competent� commercial� register,� a� certified� copy� of� the� articles� of� association� (containing� a 89
(c� Compliance� Certificates.� � Simultaneously� with� the� delivery� of� each� set� of� financial statements�referred�to�in�clauses�(a��and�(b��above,�a�certificate�of�a�Senior�Financial�Officer�(i��setting forth�in�reasonable�detail�the�calculations�required�to�establish�whether�the�Parent�was�in�compliance�with the� requirements� of� Sections� 6.01� and� 6.02� on� the� date� of� such� financial� statements� and� (ii�� stating whether�there�exists�on�the�date�of�such�certificate�any�Event�of�Default�or�Default�and,�if�any�such�event then�exists,�setting�forth�the�details�thereof�and�the�action�which�the�Parent�is�taking�or�proposes�to�take with�respect�thereto. (d� Notice�of�Default.��Forthwith�upon�the�occurrence�of�any�Responsible�Officer�obtaining knowledge�of�any�Event�of�Default�or�Default,�a�certificate�of�a�Senior�Financial�Officer�setting�forth�the details�thereof�and�the�action�which�the�Parent�is�taking�or�proposes�to�take�with�respect�thereto. (e� Shareholder�Information.��Promptly�upon�the�mailing�thereof�to�the�shareholders�of�the Parent�generally,�copies�of�all�financial�statements,�reports�and�proxy�statements�so�mailed. (f� SEC�Filings.��Promptly�upon�the�filing�thereof,�copies�of�all�registration�statements�(other than�the�exhibits�thereto�and�any�registration�statements�on�Form�S-8�or�its�equivalent��and�reports�on Forms�10-K�and�10-Q�which�the�Parent�shall�have�filed�with�the�SEC. (g� ERISA�Notices.��If�and�when�the�Parent�or�ERISA�Affiliate�or�is�required�to�give�notice to�the�PBGC�of�any�“reportable�event��(as�defined�in�Section�4043�of�ERISA��with�respect�to�any�Plan which�could�reasonably�be�expected�to�constitute�grounds�for�a�distress�or�PBGC-initiated�termination�of such� Plan�under� Title�IV�of�ERISA,�or� knows�that� the� plan�administrator�of�any� Plan�has�given� or�is required�to�give�notice�of�any�such�reportable�event,�a�copy�of�the�notice�of�such�reportable�event�given�or required�to�be�given�to�the�PBGC. (h� Notice�of�Other�Material�Events.��Promptly�upon�obtaining�knowledge�thereof,�notice�of the�commencement�of�any�litigation�or�Governmental�Authority�proceeding�affecting�the�Parent�or�any Subsidiary� (including� pursuant� to� any� applicable� Environmental� Law�� in� which� there� is� a� reasonable possibility�of�an�adverse�decision�which�could�reasonably�be�expected�to�have�a�Material�Adverse�Effect. (i� Ratings.��Promptly�upon�the�public�announcement�thereof,�notice�of�any�downgrade�in any� credit� rating� (including� the� Public� Debt� Rating�� with� respect� to� the� Company� or� the� Parent� by Xxxxx�s,�S�P�or�Fitch. (j� Beneficial�Ownership�Certification�Changes.��Promptly�after�the�occurrence�thereof, notice� to� the� applicable� Lender� of� any� change� in� the� information� provided� in� the� Beneficial Ownership� Certification� delivered� to� such� Lender� that� would� result� in� a� change� to� the� list� of beneficial�owners�identified�in�such�certification. (k� K�C� Information.� � Promptly� following� any� request� therefor,� information� and documentation�reasonably�requested�by�the�Administrative�Agent�or�any�Lender�for�purposes�of compliance� with� applicable� “know� your� customer�� and� anti-money� laundering� rules� and regulations,�including�the�Patriot�Act�and�the�Beneficial�Ownership�Regulation. (l� (j��Other�Information.��From�time�to�timePromptly�following�any�request�therefor, such� additional� information� regarding� the� financial� position� or� business� of� the� Loan� Parties� as� the Administrative�Agent,�at�the�request�of�any�Lender,�may�reasonably�request.�(it�being�understood�and agreed�that�no�Loan�Party�nor�any�of�its�Subsidiaries�shall�be�required�to�disclose�or�discuss,�or permit�the�inspection,�examination�or�making�of�extracts�of,�any�records,�books,�information�or account�or�other�matter�(i��in�respect�of�which�disclosure�to�the�Administrative�Agent,�any�Lender 91
or�their�representatives�is�then�prohibited�by�applicable�law�or�any�agreement�binding�on�any�Loan Party�or�any�of�its�Subsidiaries,�(ii��that�is�protected�from�disclosure�by�the�attorney-client�privilege or� the� attorney� work� product� privilege� or� (iii��constitutes� non-financial� trade� secrets� or� non- financial�proprietary�information�. Documents� required� to� be� delivered� pursuant� to� Sections�3.04�or� 5.01�(to�the�extent� any� such documents�are�included�in�materials�otherwise�filed�with�the�SEC��may�be�delivered�electronically�and�if so� delivered,� shall� be� deemed� to� have� been� delivered� on� the� date� such� documents� are� posted� on� the Parent�s� behalf� on� SyndTrak/IntraLinks/IntraAgency,� on� XXXXX� (the� Electronic� Data� Gathering, Analysis�and�Retrieval�system�of�the�SEC��or�any�successor�thereto,�or�another�relevant�website,�if�any,�to which�each�Lender�and�the�Administrative�Agent�have�access�(whether�a�commercial,�third-party�website or�whether�sponsored�by�the�Administrative�Agent���provided�that,�except�in�the�case�of�any�filing�on XXXXX�or�any�successor�thereto,�the�Parent�shall�notify�(which�may�be�by�facsimile�or�electronic�mail� the�Administrative�Agent�and�each�Lender�of�the�posting�of�any�such�documents.��The�Administrative Agent�shall�have�no�obligation�to�request�the�delivery�or�to�maintain�copies�of�the�documents�referred�to above,�and�in�any�event�shall�have�no�responsibility�to�monitor�compliance�by�the�Parent�with�any�such request� for� delivery,� and� each� Lender� shall� be� solely� responsible� for� requesting� delivery� to� it� or maintaining�its�copies�of�such�documents. If� any�financial�materials�and�related�certificates�required�to�be�delivered�pursuant�to�Sections 5.01(a�,�(b��and/or�(c��shall�be�required�to�be�delivered�pursuant�to�the�terms�of�such�Section(s��on�a�day that�is�not�a�Business�Day,�the�required�date�for�such�delivery�shall�be�extended�to�the�next�succeeding Business�Day. SECTION�5.02 Use�of�Proceeds.��The�Parent�shall,�and�shall�cause�each�Subsidiary�to,�use�the proceeds�of�the�Term�Loans�on�or�prior�to�the�Spinoff�Date,�to�finance�certain�payments�to�Pentair�in conjunction� with� the� Spinoff� Transactions� and� to� pay� Transaction� Expenses� (it� being� understood� and agreed�that�the�proceeds�of�the�Term�Loans�may�not�be�used�for�any�purpose�other�than�as�set�forth�in�this sentence�.��The�Parent�shall,�and�shall�cause�each�Subsidiary�to,�use�the�proceeds�of�the�Revolving�Loans (a��on�or�prior�to�the�Spinoff�Date,�to�finance�certain�payments�to�Pentair�in�conjunction�with�the�Spinoff Transactions�and�to�pay�Transaction�Expenses�and�(b��thereafter,�solely�for�working�capital�needs�and�for general� corporate� purposes� (including� Permitted� Acquisitions,� permitted� share� repurchases,� capital expenditures�and�repayment�of�Debt��of�the�Parent,�each�Borrower�and�the�Subsidiaries.��Without�limiting the�foregoing,�the�Parent�shall�not,�and�shall�not�permit�any�Subsidiary�to,�use�the�proceeds�of�any�Credit Events,�directly�or�indirectly,�for�the�purpose,�whether�immediate,�incidental�or�ultimate,�of�purchasing�or carrying�any�“margin�stock��in�violation�of�Regulation�U�of�the�Board.��In�no�event�shall�the�proceeds�of the� Loans� be� utili�ed� for� any� purpose� that� would� constitute� unlawful� financial� assistance� within� the meaning�of�sections�678�or�679�of�the�UK�Companies�Act�2006�or�section�82�of�the�Irish�Companies�Act. SECTION�5.03 Compliance�with�Contractual�Obligations�and�Laws.��The�Parent�shall,�and�shall cause�each�Subsidiary�to,�comply�with�all�applicable�laws�and�regulations�of�any�Governmental�Authority having�jurisdiction�over�it�or�its�business�the�non-compliance�with�which�would�reasonably�be�expected to�have�a�Material�Adverse�Effect.��Without�limiting�the�foregoing,�each�Borrower�will�maintain�in�effect and�enforce�policies�and�procedures�designed�to�promote�and�achieve�compliance�by�such�Borrower,�its Subsidiaries� and� their� respective� directors,� officers,� employees� and� agents� with� applicable� Anti- Corruption�Laws�and�applicable�Sanctions�in�all�material�respects. SECTION�5.04 Insurance.��The�Parent�shall,�and�shall�cause�each�Subsidiary�to,�maintain,�with financially� sound� and� reputable� insurers�(as� determined� at� the� time� the� relevant� coverage� is�placed� or renewed� in� the� good� faith� judgment� of� the� Parent� or� relevant� Subsidiary�� and/or� pursuant� to� a� self- insurance�program,�insurance�with�respect�to�its�properties�and�business�against�loss�or�damage�of�the 92
kinds� customarily� insured� against� by� Persons�engaged� in�the� same� or� similar� businesses�and� covering similar�properties�in�the�same�or�similar�localities,�of�such�types,�with�such�deductibles,�covering�such risks�and�in�such�amounts�as�are�customarily�carried�under�similar�circumstances�by�such�other�Persons, except�where�the�failure�to�do�so�could�not�reasonably�be�expected�to�have�a�Material�Adverse�Effect. SECTION�5.05 Ownership�of�Borrowers.�The�Parent�shall�at�all�times�own�and�control,�directly or�indirectly,�all�of�the�equity�interests�(other�than�directors��qualifying�shares�and�other�than�as�may�be required�by�law��of�each�Borrower�(unless,�in�the�case�of�any�Borrower�other�than�the�Company,�such Borrower�and�has�ceased�to�be�a�party�hereto�pursuant�to�Section�2.23�. SECTION�5.06 Payment�of�Taxes.��The�Parent�shall,�and�shall�cause�each�Subsidiary�to,�pay�or make�provision�for�the�paymentxxxxxxxxXxxxxxxXxxxxx�federal�and�material�foreign,�state�and�other�taxes which�have�become�due�pursuant�to�such�returns�or�pursuant�to�any�assessment�in�respect�thereof�received by�the�Parent�or�any�Subsidiary,�except�(a��taxes�that�are�being�contested�in�good�faith�and�for�which adequate� reserves� have� been� provided� and/or� (b�� where� the� failure� to� so� pay� could� not� reasonably� be expected�to�have�a�Material�Adverse�Effect. XXXXXXXx0.00 XxxxxxXxx-XxxxxRules.�Each�Swiss�Loan�Party�shall�at�all�times�comply�with�the Swiss�Twenty�Non-Bank�Rule,�to�the�extent�applicable��provided�that�a�Swiss�Loan�Party�shall�not�be�in breach� of� this� Section� 5.07� if� non-compliance� arises� solely� as� a� consequence� of� (a�� an� inaccurate representation�and�warranty�by�a�Lender�pursuant�to�Section�9.17��(b��any�assignment�or�participation�by a�Lender�to�a�Person�that�is�not�a�Swiss�Qualifying�Lender�without�the�consent�of�the�Company��or�(c� any�Lender�ceasing�to�be�a�Swiss�Qualifying�Lender�so�long�as�commencing�promptly�after�the�Company obtains�knowledge�of�such�event,�the�Company�and�such�Swiss�Loan�Party�take�all�reasonable�steps�to cause�the�number�of�creditors�of�such�Swiss�Loan�Party�relevant�under�the�Swiss�Twenty�Non-Bank�Rule to�be�not�more�than�20. SECTION�5.08 Loan�Party�Location.�The�Parent�will�cause�(i��each�Borrower�and�each�Material Subsidiary�incorporated�or�organi�ed�in�an�EU�jurisdiction�to�cause�its�centre�of�main�interest�(as�that term� is� used� in� Article� 3(1�� of� the� Insolvency� Regulation�� to� be� situated� solely� in� its� jurisdiction� of incorporation�and�not�to�have�an�establishment�(as�that�term�is�used�in�Article�2(10��of�the�Insolvency Regulation��situated�outside�its�jurisdiction�of�incorporation�or�organi�ation,�as�applicable�and�(ii��each Borrower�and�each�Material�Subsidiary�incorporated�in�England�and�Wales�to�cause�its�centre�of�main interest�(as�that�term�is�used�in�Article�3(1��of�the�Insolvency�Regulation��to�be�situated�solely�in�England and� Wales� and� not� to� have� an� establishment� (as� that� term� is� used� in� Article� 2(10�� of� the� Insolvency Regulation��situated�outside�its�jurisdiction�of�incorporation.��The�Parent�will�cause�its�centre�of�main interest� (as� that� term� is� used� in� Article� 3(1�� of� the� Insolvency� Regulation�� to� be� situated� solely� in� its jurisdiction�of�incorporation�and�not�to�have�an�establishment�(as�that�term�is�used�in�Article�2(10��of�the Insolvency�Regulation��situated�outside�its�jurisdiction�of�incorporation. SECTION�5.09 Tax� Residence.� No� Loan� Party� may� change� its� residence� for� Tax� purposes� provided�that�the�Parent�may�change�its�residence�from�time�to�time�for�Taxxxxxxxxxxxxxxxxxxx XxxxxxxXxxxxxx�to�Ireland�or�from�IrelandxxxxxxxxXxxxxxxXxxxxxx. SECTION�5.10 Service�of�Process�Agent.��To�the�extent�that�the�Company�wishes�to�terminate the�Initial�Affiliate�Borrower�as�a�Borrower�hereunder,�the�Company�will�provide�to�the�Administrative Agent�prior�to,�or�substantially�contemporaneously�with,�such�termination�a�letter�from�the�Service�of Process� Agent� described� in� clause�(ii�� of� the� definition� of� “Service� of� Process� Agent�� (or� any� other Service� of� Process� Agent� acceptable� to� the� Xxxxxxxxxxxxxxx Xxxxxx,x and� such� letter� will� confirm� such 93
Lender�s� entrance� into,� participation� in,� administration� of� and� performance� of� the� Loans,� the Letters�of�Credit,�the�Commitments�and�this�Agreement��or (iv� such� other� representation,� warranty� and� covenant� as� may� be� agreed� in� writing between�the�Administrative�Agent,�in�its�sole�discretion,�and�such�Lender. (b� In� addition,� unless� sub-clause� (i�� in� the� immediately� preceding� clause� (a�� is� true� with respect�to�a�Lender�or�such�Lender�has�not�provided�another�representation,�warranty�and�covenant�as provided�in�sub-clause�(iv��in�the�immediately�precedingxxxxxxxx(xx,xsuch�Lender�further�(x��represents and�warrants,�as�of�the�date�such�Person�became�a�Lender�party�hereto,�to,�and�(y��covenants,�from�the date� such� Person� became� a� Lender� party� hereto� to� the� date� such� Person� ceases� being� a� Lender� party hereto,�for�the�benefit�of,�the�Administrative�Agent,�and�each�Arranger�and�their�respective�Affiliates,�and not,�for�the�avoidance�of�doubt,�to�or�for�the�benefit�of�the�Company�or�any�other�Loan�Party,�that: (i� none� of� the� Administrative� Agent,� or� any� Arranger� or� any� of� their� respective Affiliates�is�a�fiduciary�with�respect�to�the�assets�of�such�Lender�(including�in�connection�with�the reservation�or�exercise�of�any�rights�by�the�Administrative�Agent�under�this�Agreement,�any�Loan Document�or�any�documents�related�hereto�or�thereto�� (ii� the�Person�making�the�investment�decision�on�behalf�of�such�Lender�with�respect to�the�entrance�into,�participation�in,�administration�of�and�performance�of�the�Loans,�the�Letters of�Credit,�the�Commitments�and�this�Agreement�is�independent�(within�the�meaningxxxx00xXXX�� 2510.3-21,� as� amended� from� time� to� time�� and� is� a� bank,� an� insurance� carrier,� an� investment adviser,� a� broker-dealer� or� other� person� that� holds,� or� has� under�management� or� control,� total assets�of�at�least�$50,000,000,�in�each�case�as�described�in�29�CFR���2510.3-21(c�(1�(i�(A�-(E�� (iii� the�Person�making�the�investment�decision�on�behalf�of�such�Lender�with�respect to�the�entrance�into,�participation�in,�administration�of�and�performance�of�the�Loans,�the�Letters of� Credit,� the� Commitments� and� this� Agreement� is� capable� of� evaluating� investment� risks independently,�both�in�general�and�with�regard�to�particular�transactions�and�investment�strategies (including�in�respect�of�the�obligations�� (iv� the�Person�making�the�investment�decision�on�behalf�of�such�Lender�with�respect to�the�entrance�into,�participation�in,�administration�of�and�performance�of�the�Loans,�the�Letters of�Credit,�the�Commitments�and�this�Agreement�is�a�fiduciary�under�ERISA�or�the�Code,�or�both, with� respect� to� the� Loans,� the� Letters� of� Credit,� the� Commitments� and� this� Agreement� and� is responsible�for�exercising�independent�judgment�in�evaluating�the�transactions�hereunder��and (v� no�fee�or�other�compensation�is�being�paid�directly�to�the�Administrative�Agent, or� any� Arranger� or� any� their� respective� Affiliates� for� investment� advice� (as� opposed� to� other services�� in� connection� with� the� Loans,� the� Letters� of� Credit,� the� Commitments� or� this Agreement. (c� The�Administrative�Agent,�and�each�Arranger�hereby�informs�the�Lenders�that�each�such Person�is�not�undertaking�to�provide�impartial�investment�advice,�or�to�give�advice�in�a�fiduciary�capacity, in�connection�with�the�transactions�contemplated�hereby,�and�that�such�Person�has�a�financial�interest�in the�transactions�contemplated�hereby�in�that�such�Person�or�an�Affiliate�thereof�(i��may�receive�interest�or other�payments�with�respect�to�the�Loans,�the�Letters�of�Credit,�the�Commitments�and�this�Agreement,�(ii� may�recogni�e�a�gain�if�it�extended�the�Loans,�the�Letters�of�Credit�or�the�Commitments�for�an�amount less�than�the�amount�being�paid�for�an�interest�in�the�Loans,�the�Letters�of�Credit�or�the�Commitments�by such�Lender�or�(iii��may�receive�fees�or�other�payments�in�connection�with�the�transactions�contemplated 109
Party�or�any�of�its�Subsidiaries�may�have�conflicting�interests�regarding�the�transactions�described�herein and�otherwise.��No�Credit�Party�will�use�confidential�information�obtained�from�the�Loan�Party�by�virtue of�the�transactions�contemplated�by�the�Loan�Documents�or�its�other�relationships�with�the�Loan�Party�in connection� with� the� performance� by�such�Credit�Party�of� services�for�other�companies,�and�no� Credit Party�will�furnish�any�such�information�to�other�companies.��Each�Loan�Party�also�acknowledges�that�no Credit� Party� has� any� obligation� to� use� in� connection� with� the� transactions� contemplated� by� the� Loan Documents,�or�to�furnish�to�such�Loan�Party�or�any�of�its�Subsidiaries,�confidential�information�obtained from�other�companies. SECTION�9.16 Acknowledgement� and� Consent� to� Bail-In� of� EEA� Financial� Institutions. Notwithstanding�anything�to�the�contrary�in�any�Loan�Document�or�in�any�other�agreement,�arrangement or�understanding�among�any�such�parties,�each�party�hereto�acknowledges�that�any�liability�of�any�EEA Financial� Institution� arising� under� any� Loan� Document� may� be� subject� to� the� Write-Down� and Conversion�Powers�of�an�EEA�Resolution�Authority�and�agrees�and�consents�to,�and�acknowledges�and agrees�to�be�bound�by: (a� the� application� of� any� Write-Down� and� Conversion� Powers� by� an� EEA� Resolution Authority�to�any�such�liabilities�arising�hereunder�which�may�be�payable�to�it�by�any�party�hereto�that�is an�EEA�Financial�Institution��and (b� the�effects�of�any�Bail-In�Action�on�any�such�liability,�including,�if�applicable: (i� a�reduction�in�full�or�in�part�or�cancellation�of�any�such�liability� (ii� a�conversion�of�all,�or�a�portion�of,�such�liability�into�shares�or�other�instruments of�ownership�in�such�EEA�Financial�Institution,�its�parent�entity,�or�a�bridge�institution�that�may be�issued�to�it�or�otherwise�conferred�on�it,�and�that�such�shares�or�other�instruments�of�ownership will�be�accepted�by�it�in�lieu�of�any�rights�with�respect�to�any�such�liability�under�this�Agreement or�any�other�Loan�Document��or (iii� the�variation�of�the�terms�of�such�liability�in�connection�with�the�exercise�of�the Write-Down�and�Conversion�Powers�of�any�EEA�Resolution�Authority. SECTION�9.17 Confirmation� of� Lender�s� Status� as� Swiss� Qualifying� Lender.� Each� Lender represents�and�warrants�to�the�Loan�Parties�that,�on�the�date�of�this�Agreement�(or,�if�later,�the�date�such Lender�becomes�a�party�hereto�,�unless�notified�in�writing�to�the�Company�and�the�Administrative�Agent prior�to�the�Effective�Date�(or�such�later�date�,�it�is�a�Swiss�Qualifying�Lender�and�has�not�entered�into�a participation�arrangement�with�respect�to�this�Agreement�with�any�Person�that�is�a�Swiss�Non-Qualifying Lender.� � Any� Person� that� shall� become� a� successor,� assign� or� Participant� with� respect� to� any� Lender pursuant� to� this� Agreement� shall� be� deemed� to� have� represented� and� warranted� that� it� is� a� Swiss Qualifying�Lender�and�has�not�entered�into�a�participation�arrangement�with�respect�to�this�Agreement with�any�Person�that�is�a�Swiss�Non-Qualifying�Lender�or,�if�not,�such�Person�accounts�as�one�single creditor�for�purposes�of�the�Swiss�Non-Bank�Rules.��Each�Lender�shall�promptly�notify�the�Company�and the�Administrative�Agent�if�for�any�reason�it�ceases�to�be�a�Swiss�Qualifying�Lender�and/or�it�enters�into�a participation�arrangement�with�respect�to�this�Agreement�with�any�Person�that�is�a�Swiss�Non-Qualifying Lender. SECTION�9.18Acknowledgement�Regarding�Supported�QFCs.��To�the�extent�that�the�Loan Documents�provide�support,�through�a�guarantee�or�otherwise,�for�Swap�Agreements�or�any�other agreement�or�instrument�that�is�a�QFC�(such�support�“QFC�Credit�Support��and�each�such�QFC�a “Supported� QFC��,� the� parties� acknowledge� and� agree� as� follows� with� respect� to� the� resolution 126
power�of�the�Federal�Deposit�Insurance�Corporation�under�the�Federal�Deposit�Insurance�Act�and Title�II�of�the�Xxxx-XxxxxxXxxxxXxxxxxxReform�and�Consumer�Protection�Act�(together�with�the regulations� promulgated� thereunder,� the� “U.S.� Special� Resolution� Regimes��� in� respect� of� such Supported�QFC�and�QFC�Credit�Support�(with�the�provisions�below�applicable�notwithstanding that�the�Loan�Documents�and�any�Supported�QFC�may�in�fact�be�stated�to�be�governed�by�the�laws of�the�State�of�New��ork�and/or�of�the�United�States�or�any�other�xxxxxxxxxxxxxXxxxxxxXxxxxx�: In�the�event�a�Covered�Entity�that�is�party�to�a�Supported�QFC�(each,�a�“Covered�Party�� becomes� subject� to� a� proceeding� under� a� U.S.� Special� Resolution� Regime,� the� transfer� of� such Supported�QFC�and�the�benefit�of�such�QFC�Credit�Support�(and�any�interest�and�obligation�in�or under�such�Supported�QFC�and�such�QFC�Credit�Support,�and�any�rights�in�property�securing such�Supported�QFC�or�such�QFC�Credit�Support��from�such�Covered�Party�will�be�effective�to�the same� extent� as� the� transfer� would� be� effective� under� the� U.S.� Special� Resolution� Regime� if� the Supported� QFC� and� such� QFC� Credit� Support� (and� any� such� interest,� obligation� and� rights� in property��were�governed�by�the�laws�of�the�United�States�or�a�state�of�the�United�States.�In�the event�a�Covered�Party�or�a�BHC�Act�Affiliate�of�a�Covered�Party�becomes�subject�to�a�proceeding under� a� U.S.� Special� Resolution� Regime,� Default� Rights� under� the� Loan� Documents� that� might otherwise�apply�to�such�Supported�QFC�or�any�QFC�Credit�Support�that�may�be�exercised�against such�Covered�Party�are�permitted�to�be�exercised�to�no�greater�extent�than�such�Default�Rights could�be�exercised�under�the�U.S.�Special�Resolution�Regime�if�the�Supported�QFC�and�the�Loan Documents�were�governed�by�the�laws�of�the�United�States�or�a�state�of�the�United�States.�Without limitation�of�the�foregoing,�it�is�understood�and�agreed�that�rights�and�remedies�of�the�parties�with respect�to�a�Defaulting�Lender�shall�in�no�event�affect�the�rights�of�any�Covered�Party�with�respect to�a�Supported�QFC�or�any�QFC�Credit�Support. ARTICLE�X. PARENT�GUARANTEE In� order� to� induce� the� Lenders� to� extend� credit� to� the� Borrowers� hereunder� or� to� any� of� the Parent�s�Subsidiaries�under�Hedging�Agreements�and�Banking�Services�Agreements,�and�for�other�good and�valuable�consideration�(the�receipt�and�sufficiency�of�which�are�hereby�acknowledged��the�Parent hereby�irrevocably�and�unconditionally�guarantees,�as�a�primary�obligor�and�not�merely�as�a�surety,�the payment�when�and�as�due,�subject�to�the�notice�provisions�contained�in�this�Article�X,�of�the�Obligations and�the�Specified�Ancillary�Obligations�(collectively,�the�“Guaranteed�Obligations��.��The�Parent�further agrees�that�the�due�and�punctual�payment�of�such�Guaranteed�Obligations�may�be�extended�or�renewed,�in whole� or� in� part,� without� notice� to� or� further� assent� from� it,� and� that� it� will� remain� bound� upon� its guarantee�hereunder�notwithstanding�any�such�extension�or�renewal�of�any�such�Guaranteed�Obligation. For�the�avoidance�of�doubt�and�notwithstanding�any�provision�hereof�to�the�contrary,�(i��the�Guaranteed Obligations� shall� in� no� event� be� broader� than� the� performance�of�the� related� Obligations� or� Specified Ancillary�Obligations�in�accordance�with�their�terms�and�(ii��nothing�contained�in�this�Article�X�shall affect� or� otherwise� impair� any� rights� (including� rights� of� setoff� or� counterclaim�� that� the� applicable Borrower� or� Subsidiary� may� have� against� any� holder� of� Guaranteed� Obligation� under� the� applicable Hedging�Agreement�and/or�Banking�Services�Agreement,�as�applicable,�by�reason�of�any�action�or�failure to�act�of�such�holder�thereunder�(including,�without�limitation,�any�breach�or�default�of�such�holder�under the�related�Hedging�Agreement�or�Banking�Services�Agreement�. The�Parent�waives�presentment�to,�demand�of�payment�from�and�protest�to�any�Subsidiary�of�any of� the� Guaranteed� Obligations,� and� also� waives,� other� than� as� set� forth� in� this� Article� X,� notice� of acceptance�of�its�obligations�and�notice�of�protest�for�nonpayment.��The�obligations�of�the�Parent�under this�Article�X�shall�not�be�affected�by:�(a��the�failure�of�the�Administrative�Agent,�any�Issuing�Bank�or 127
SCHEDULE�2.01 COMMITMENTS LENDER REVOLVING TERM�LOAN COMMITMENT COMMITMENT JPXXXXXXxXXXXXxXXXX,xX.A. $62,231,332.36 $25,768,667.64 BANK�OF�AMERICA,�N.A. $62,231,332.36 $25,768,667.64 THEMUFG�BANK�OF�TOK�O-MITSUBISHI�UFJ, $62,231,332.36 $25,768,667.64 LTD. CITIBANK,�N.A. $62,231,332.36 $25,768,667.64 U.S.�BANK�NATIONAL�ASSOCIATION $62,231,332.36 $25,768,667.64 XXXXXXX�XXXXX�BANK�USA $58,500,000.00 $0.00 WEXXXxXXXXXxXXXX,xXXTIONAL�ASSOCIATION $41,369,692.53 $17,130,307.47 HSBC�BANK�USA,�NATIONAL�ASSOCIATION $41,369,692.53 $17,130,307.47 DEUTSCHE�BANK�AG�NEW��ORK�BRANCH $58,500,000.00 $0.00 PNC�BANK,�NATIONAL�ASSOCIATION $30,408,491.95 $12,591,508.05 BANK�OF�MONTREAL,�LONDON�BRANCH $30,408,491.95 $12,591,508.05 BANK�OF�CHINA,�LOS�ANGELES�BRANCH $28,286,969.24 $11,713,030.76 AGGREGATE�COMMITMENTS �600,000,000 �200,000,000
SCHEDULE�2.05 SWINGLINE�SUBLIMITS LENDER SWINGLINE SUBLIMIT JPXXXXXXxXXXXXxXXXX,xX.A. $15,000,000 BANK�OF�AMERICA,�N.A. $15,000,000 THEMUFG�BANK�OF�TOK�O-MITSUBISHI�UFJ,�LTD. $15,000,000 CITIBANK,�N.A. $15,000,000 U.S.�BANK�NATIONAL�ASSOCIATION $15,000,000
EXHIBIT�A FORM�OF�ASSIGNMENT�AND�ASSUMPTION This�Assignment�and�Assumption�(the�“Assignment�and�Assumption���is�dated�as�of�the�Effective Date�set�forth�below�and�is�entered�into�by�and�between�[Insert name of Assignor��(the�“Assignor���and [Insert name of Assignee��(the�“Assignee��.��Capitali�ed�terms�used�but�not�defined�herein�shall�have�the meanings�given�to�them�in�the�Credit�Agreement�identified�below�(as�amended,�restated,�supplemented�or otherwise� modified� from� time� to� time,� the� “Credit�Agreement��,� receipt�of� a� copy� of�which� is� hereby acknowledged�by�the�Assignee.��The�Standard�Terms�and�Conditions�set�forth�in�Anxxxx0xxxxxxxxxxxxreto are� hereby� agreed� to� and� incorporated� herein� by� reference� and� made� a� part� of� this� Assignment� and Assumption�as�if�set�forth�herein�in�full. For�an�agreed�consideration,�the�Assignor�hereby�irrevocably�sells�and�assigns�to�the�Assignee, and� the� Assignee� hereby� irrevocably� purchases� and� assumes� from� the� Assignor,� subject� to� and� in accordance�with�the�Standard�Terms�and�Conditions�and�the�Credit�Agreement,�as�of�the�Effective�Date inserted� by� the� Administrative� Agent� as� contemplated� below� (i�� all� of� the� Assignor�s� rights� and obligations� in� its� capacity� as� a� Lender� under� the� Credit� Agreement� and� any� other� documents� or instruments� delivered� pursuant� thereto� to� the� extent� related� to� the� amount� and� percentage� interest identified�below�of�all�of�such�outstanding�rights�and�obligations�of�the�Assignor�under�the�respective facilities� identified� below� (including� any� letters� of� credit,� guarantees,� and� swingline� loans� included�in such� facilities�� and� (ii�� to� the� extent� permitted� to� be� assigned� under� applicable� law,� all� claims,� suits, causes� of�action�and� any� other� right�of� the�Assignor�(in�its�capacity�as� a� Lender�� against�any�Person, whether� known� or� unknown,� arising� under� or� in� connection� with� the� Credit� Agreement,� any� other documents�or�instruments�delivered�pursuant�thereto�or�the�loan�transactions�governed�thereby�or�in�any way�based�on�or�related�to�any�of�the�foregoing,�including�contract�claims,�tort�claims,�malpractice�claims, statutory�claims� and� all� other�claims�at�law�or�in� equity�related�to� the� rights�and�obligations�sold� and assigned�pursuant�to�clause�(i��above�(the�rights�and�obligations�sold�and�assigned�pursuant�to�clauses�(i� and�(ii��above�being�referred�to�herein�collectively�as�the�“Assigned�Interest��.��Such�sale�and�assignment is�without�recourse�to�the�Assignor�and,�except�as�expressly�provided�in�this�Assignment�and�Assumption, without�representation�or�warranty�by�the�Assignor. 1. Assignor: 2. Assignee: [and�is�an�Affiliate/Approved�Fund�of�[identify�Lender�1� 3. Borrowers: nVent� Finance� S.�� x.x.� and� Pentair� Technical� ProductsHoffman Xxxxxxx�Holdings,�Inc. 4. Administrative�Agent: JPMorgan� Chase� Bank,� N.A.,� as� the� administrative� agent� under� the Credit�Agreement 5. Credit�Agreement: The�Credit�Agreement�dated�as�of�Maxxxx00,x0000xxxong�nVent�Finance S.�� x.x.,� nVent� Electric� plc,� Pentair� Technical� ProductsHoffman Xxxxxxx�Holdings,�Inc.,�the�other�Affiliate�Borrowers�from�time�to�time parties�thereto,�the�Lenders�parties�thereto,�JPMorgan�Chase�Bank,�N.A., as�Administrative�Agent,�and�the�other�agents�parties�thereto 6. Assigned�Interest: 1�Select�as�applicable.
EXHIBIT�C-1 FORM�OF�INCREASING�LENDER�SUPPLEMENT INCREASING� LENDER� SUPPLEMENT,� dated� __________,� 20___� (this� “Supplement��,� by and� among� each� of� the� signatories� hereto,� to� the� Credit� Agreement,� dated� as� of� Maxxxx 00,x 0000x (xx xmended,� restated,� supplemented� or� otherwise� modified� from� time� to� time,� the� “Credit� Agreement��, among�nVent�Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having�its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the Luxembourg� Trade� and� Companies� Register� (R.C.S. Luxembourg�� under� number� B� 219846� (the “Company��,�nVent�Electric�plc�(the�“Parent��,�Pentair�Technical�ProductsHoffman�Xxxxxxx�Holdings, Inc.�(the�“Initial�Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the Lenders� party�thereto�and�JPMorgan� Chase�Bank,�N.A.,�as�administrative�agent�(in�such�capacity,�the “Administrative�Agent��. W�I�T�N�E�S�S�E�T�H WHEREAS,� pursuant� to� Section�2.20� of� the� Credit� Agreement,� the� Company� has� the� right, subject�to�the�terms�and�conditions�thereof,�to�effectuate�from�time�to�time�an�increase�in�the�aggregate Revolving� Commitments� and/or� one� or� more� tranches� of� Incremental� Term� Loans� under� the� Credit Agreement� by� requesting� one� or� more� Lenders� to� increase� the� amount� of� its� Revolving� Commitment and/or�to�participate�in�such�a�tranche� WHEREAS,� the� Company� has� given� notice� to� the� Administrative� Agent� of� its� intention� to [increase�the�aggregate�Revolving�Commitments��[and��[enter�into�a�tranche�of�Incremental�Term�Loans� pursuant�to�such�Section�2.20��and WHEREAS,� pursuant� to� Section�2.20� of� the� Credit� Agreement,� the� undersigned� Increasing Lender�now�desires�to�[increase�the�amount�of�its�Revolving�Commitment��[and��[participate�in�a�tranche of�Incremental�Term�Loans��under�the�Credit�Agreement�by�executing�and�delivering�to�the�Company�and the�Administrative�Agent�this�Supplement� NOW,�THEREFORE,�each�of�the�parties�hereto�hereby�agrees�as�follows: 1. The� undersigned� Increasing� Lender� agrees,� subject� to� the� terms� and� conditions� of� the Credit�Agreement,�that�on�the�date�of�this�Supplement�it�shall�[have�its�Revolving�Commitment�increased by�$[__________�,�thereby�making�the�aggregate�amount�of�its�total�Revolving�Commitments�equal�to $[__________���[and��[participate�in�a�tranche�of�Incremental�Term�Loans�with�a�commitment�amount equal�to�$[__________��with�respect�thereto�. [[__�.��The�undersigned�Increasing�Lender�confirms�for�the�benefit�of�the�Administrative�Agent and�the�Loan�Parties�but�without�liability�to�any�Loan�Party,�that�it�is�[not�a�UK�Qualifying�Lender��[a�UK Qualifying�Lender�(other�than�a�UK�Treaty�Lender���[(a�UK�Treaty�Lender�.�10 [[__�.� � The� undersigned� Increasing� Lender� confirms� that� the� person� beneficially� entitled� to interest�payable�to�that�Increasing�Lender�in�respect�of�an�advance�under�a�Loan�Document�is�either�(a��a company� resident� in� the� United�Kingdom�for� United� Kingdom� tax� purposes� or� (b��a� partnership� each member�of�which�is�(i��a�company�so�resident�in�the�United�Kingdom�or�(ii��a�company�not�so�resident�in the�United�Kingdom�which�carries�on�a�trade�in�the�United�Kingdom�through�a�permanent�establishment and�which�brings�into�account�in�computing�its�chargeable�profits�(within�the�meaning�of�section�19�of�the 10�Delete�as�applicable���each�Increasing�Lender�is�required�to�confirm�which�of�these�three�categories�it�falls�within.
EXHIBIT�C-2 FORM�OF�AUGMENTING�LENDER�SUPPLEMENT AUGMENTING�LENDER�SUPPLEMENT,�dated�__________,�20___�(this�“Supplement��,�by and� among� each� of� the� signatories� hereto,� to� the� Credit� Agreement,� dated� as� of� Maxxxx 00,x 0000x (xx xmended,� restated,� supplemented� or� otherwise� modified� from� time� to� time,� the� “Credit� Agreement��, among�nVent�Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having�its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the Luxembourg� Trade� and� Companies� Register� (R.C.S. Luxembourg�� under� number� B� 219846� (the “Company��,�nVent�Electric�plc�(the�“Parent��,�Pentair�Technical�ProductsHoffman�Xxxxxxx�Holdings, Inc.�(the�“Initial�Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the Lenders� party�thereto�and�JPMorgan� Chase�Bank,�N.A.,�as�administrative�agent�(in�such�capacity,�the “Administrative�Agent��. W�I�T�N�E�S�S�E�T�H WHEREAS,� the� Credit� Agreement� provides� in� Section�2.20� thereof� that� any� bank,� financial institution� or� other� entity� may� [extend� Revolving� Commitments�� [and�� [participate� in� tranches� of Incremental�Term�Loans��under�the�Credit�Agreement�subject�to�the�approval�of�the�Company�and�the Administrative� Agent,� by� executing� and� delivering� to� the� Company� and� the� Administrative� Agent� a supplement�to�the�Credit�Agreement�in�substantially�the�form�of�this�Supplement��and WHEREAS,� the� undersigned� Augmenting� Lender� was� not� an� original� party� to� the� Credit Agreement�but�now�desires�to�become�a�party�thereto� NOW,�THEREFORE,�each�of�the�parties�hereto�hereby�agrees�as�follows: 1.� � The� undersigned� Augmenting� Lender� agrees� to� be� bound� by� the� provisions� of� the� Credit Agreement�and�agrees�that�it�shall,�on�the�date�of�this�Supplement,�become�a�Lender�for�all�purposes�of the�Credit�Agreement�to�the�same�extent�as�if�originally�a�party�thereto,�with�a�[Revolving�Commitment of�$[__________���[and��[a�commitment�with�respect�to�Incremental�Term�Loans�of�$[__________��. [[__�.��The�undersigned�Augmenting�Lender�confirms�for�the�benefit�of�the�Administrative�Agent and�the�Loan�Parties�but�without�liability�to�any�Loan�Party,�that�it�is�[not�a�UK�Qualifying�Lender��[a�UK Qualifying�Lender�(other�than�a�UK�Treaty�Lender���[(a�UK�Treaty�Lender�.�14 [[__�.� � The� undersigned� Augmenting� Lender� confirms� that� the� person� beneficially� entitled� to interest�payable�to�that�Augmenting�Lender�in�respect�of�an�advance�under�a�Loan�Document�is�either�(a� a�company�resident�in�the�United�Kingdom�for�United�Kingdom�tax�purposes�or�(b��a�partnership�each member�of�which�is�(i��a�company�so�resident�in�the�United�Kingdom�or�(ii��a�company�not�so�resident�in the�United�Kingdom�which�carries�on�a�trade�in�the�United�Kingdom�through�a�permanent�establishment and�which�brings�into�account�in�computing�its�chargeable�profits�(within�the�meaning�of�section�19�of�the UK�CTA�2009��the�whole�of�any�share�of�interest�payable�in�respect�of�that�advance�that�falls�to�it�by reason�of�Part�17�of�the�UK�CTA�2009�or�(c��a�company�not�so�resident�in�the�United�Kingdom�which carries� on� a� trade� in� the� United� Kingdom� through� a� permanent� establishment� and� which� brings� into 14�Delete�as�applicable���each�Augmenting�Lender�is�required�to�confirm�which�of�these�three�categories�it�falls within.
EXXXXXXxX-0 [FORM�OF� REVOLVING�CREDIT�NOTE March�23,�2018 FOR� VALUE� RECEIVED,� the� undersigned,� [NVENT� FINANCE� S.�� X.X.,� a� Luxembourg private� limited� liability� company� (Société à responsabilité limitée�,� having� its� registered� office� at� 26, boulevard� Royal,� L-2449� Luxembourg� and� registered� with� the� Luxembourg� Trade� and� Companies Register� (R.C.S. Luxembourg�� under� number� B� 219846�[PENTAIR� TECHNICAL PRODUCTSHOFFMAN�XXXXXXX�HOLDINGS,�INC.��(the�“Borrower��,�HEREB��PROMISES�TO PA��TO�[LENDER��(the�“Lender���the�outstanding�principal�balance�of�the�Lender�s�Revolving�Loans made�to�the�Borrower,�together�with�interest�thereon,�at�the�rate�or�rates,�in�the�amounts�and�at�the�time�or times� set� forth� in� the� Credit� Agreement� (as� the� same� may� be� amended,� supplemented� or� otherwise modified�from�time�to�time,�the�“Credit�Agreement��,�dated�as�of�March�23,�2018,�by�and�among�nVent Finance�S.��x.x.,�nVent�Electric�plc,�Pentair�Technical�ProductsHoffman�Xxxxxxx�Holdings,�Inc.,�the other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�Lenders�party�thereto,�the�Documentation Agents,�the�Syndication�Agents�and�JPMorgan�ChxxxxXxxx,xX.X.,xxx�the�Administrative�Agent,�in�each case�at�such�place�as�the�Administrative�Agent�may�specify�from�time�to�time,�in�lawful�money�of�the United�States�in�immediately�available�funds. Capitali�ed�terms�used�herein�which�are�not�otherwise�defined�herein�shall�have�the�respective meanings�ascribed�thereto�in�the�Credit�Agreement. The�Revolving�Loans�evidenced�by�this�Note�are�prepayable�in�the�amounts,�and�on�the�dates,�set forth�in�the�Credit�Agreement.��This�Note�is�one�of�the�Notes�under,�and�as�such�term�is�defined�in,�the Credit�Agreement,�and�is�subject�to,�and�should�be�construed�in�accordance�with,�the�provisions�thereof, and�is�entitled�to�the�benefits�set�forth�in�the�Loan�Documents. The�Lender�is�hereby�authori�ed�to�record�on�the�schedule�annexed�hereto�and�any�continuation sheets�which�the�Lender�may�attach�thereto�(a��the�date�and�amount�of�each�Revolving�Loan�made�by such�Lender,�(b��the�character�of�each�Revolving�Loan�as�one�or�more�ABR�Borrowings,�one�or�more Eurocurrency� Borrowings,� or� a� combination� thereof,� (c�� the� Interest� Period� and� Adjusted� LIBO� Rate applicable�to�each�Eurocurrency�Borrowing,�and�(d��the�date�and�amount�of�each�conversion�of,�and�each payment�or�prepayment�of�principal�of,�each�Revolving�Loan.��No�failure�to�so�record�nor�any�error�in�so recording�shall�affect�the�obligation�of�the�Borrower�to�repay�the�Revolving�Loans,�together�with�interest thereon,� as� provided�in�the� Credit�Agreement,�and�the�outstanding�principal�balance�of� the� Revolving Loans�as�set�forth�in�such�schedule�shall�be�prima�facie�evidence�of�the�existence�and�amounts�of�the obligations�recorded�therein. Except�as�specifically�otherwise�provided�in�the�Credit�Agreement,�the�Borrower�hereby�waives presentment,�demand,�notice�of�dishonor,�protest,�notice�of�protest�and�all�other�demands,�protests�and notices�in�connection�with�the�execution,�delivery,�performance,�collection�and�enforcement�of�this�Note. THIS�NOTE�SHALL�BE�CONSTRUED�IN�ACCORDANCE�WITH�AND�GOVERNED�B� THE�LAW�OF�THE�STATE�OF�NEW��ORK. [NVENT�FINANCE�S.��X.X.� [PENTAIR�TECHNICAL�PRODUCTS�HOLDINGS, XXXXXXX�XXXXXXX�HOXXXXXX,xXXX.x
XXXXXXXxX-0 [FORM�OF� TERM�LOAN�NOTE March�23,�2018 FOR� VALUE� RECEIVED,� the� undersigned,� NVENT� FINANCE� S.�� X.X.,� a� Luxembourg private� limited� liability� company� (Société à responsabilité limitée�,� having� its� registered� office� at� 26, boulevard� Royal,� L-2449� Luxembourg� and� registered� with� the� Luxembourg� Trade� and� Companies Register� (R.C.S. Luxembourg�� under� number� B� 219846� (the� “Borrower��,� HEREB�� PROMISES� TO PA��TO�[LENDER��(the�“Lender���the�outstanding�principal�balance�of�the�Lender�s�Term�Loans�made to�the�Borrower,�together�with�interest�thereon,�at�the�rate�or�rates,�in�the�amounts�and�at�the�time�or�times set�forth�in�the�Credit�Agreement�(as�the�same�may�be�amended,�supplemented�or�otherwise�modified from�time�to�time,�the�“Credit�Agreement��,�dated�as�of�March�23,�2018,�by�and�among�nVent�Finance S.�� x.x.,� nVent� Electric� plc,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.,� the� other Affiliate�Borrowers�from�time�to�time�party�thereto,�the�Lenders�party�thereto,�the�Documentation�Agents, the�Syndication�Agents�and�JPMorgan�ChxxxxXxxx,xX.X.,xxx�the�Administrative�Agent,�in�each�case�at such�place�as�the�Administrative�Agent�may�specify�from�time�to�time,�in�lawful�money�of�the�United States�in�immediately�available�funds. Capitali�ed�terms�used�herein�which�are�not�otherwise�defined�herein�shall�have�the�respective meanings�ascribed�thereto�in�the�Credit�Agreement. The�Term�Loans�evidenced�by�this�Note�are�prepayable�in�the�amounts,�and�on�the�dates,�set�forth in�the�Credit�Agreement.��This�Note�is�one�of�the�Notes�under,�and�as�such�term�is�defined�in,�the�Credit Agreement,�and�is�subject�to,�and�should�be�construed�in�accordance�with,�the�provisions�thereof,�and�is entitled�to�the�benefits�set�forth�in�the�Loan�Documents. The�Lender�is�hereby�authori�ed�to�record�on�the�schedule�annexed�hereto�and�any�continuation sheets�which�the�Lender�may�attach�thereto�(a��the�date�and�amount�of�each�Term�Loan�made�by�such Lender,�(b��the�character�of�each�Term�Loan�as�one�or�more�ABR�Borrowings,�one�or�more�Eurocurrency Borrowings,�or�a�combination�thereof,�(c��the�Interest�Period�and�Adjusted�LIBO�Rate�applicable�to�each Eurocurrency� Borrowing,� and� (d�� the� date� and� amount� of� each� conversion� of,� and� each� payment� or prepayment�of�principal�of,�each�Term�Loan.��No�failure�to�so�record�nor�any�error�in�so�recording�shall affect�the�obligation�of�the�Borrower�to�repay�the�Term�Loans,�together�with�interest�thereon,�as�provided in�the�Credit�Agreement,�and�the�outstanding�principal�balance�of�the�Term�Loans�as�set�forth�in�such schedule�shall�be�prima�facie�evidence�of�the�existence�and�amounts�of�the�obligations�recorded�therein. Except�as�specifically�otherwise�provided�in�the�Credit�Agreement,�the�Borrower�hereby�waives presentment,�demand,�notice�of�dishonor,�protest,�notice�of�protest�and�all�other�demands,�protests�and notices�in�connection�with�the�execution,�delivery,�performance,�collection�and�enforcement�of�this�Note. THIS�NOTE�SHALL�BE�CONSTRUED�IN�ACCORDANCE�WITH�AND�GOVERNED�B� THE�LAW�OF�THE�STATE�OF�NEW��ORK. NVENT�FINANCE�S.��X.X. By: Name: Title:
EXHIBIT�F-1 [FORM�OF� AFFILIATE�BORROWING�AGREEMENT AFFILIATE�BORROWING�AGREEMENT�dated�as�of�[_____�,�among�nVent�Finance�S.��x.x.,�a Luxembourg� private� limited� liability� company� (Société à responsabilité limitée�,� having� its� registered office� at� 26,� boulevard� Royal,� L-2449� Luxembourg� and� registered� with� the� Luxembourg� Trade� and Companies�Register�(R.C.S. Luxembourg��under�number�B�219846�(the�“Company��,�nVent�Electric�plc, an�Irish�public�limited�company�(the�“Parent��,�[Name�of�Affiliate�Borrower�,�a�[__________��(the�“New Affiliate� Borrower��,� and� JPMorgan� Chase� Bank,� N.A.� as� Administrative� Agent� (the� “Administrative Agent��. Reference� is� hereby� made� to� the� Credit� Agreement� dated� as� of� Maxxxx 00,x 0000x (xxxxxended, supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�among�the�Company, the� Parent,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.� (the� “Initial� Affiliate Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�Lenders�from�time�to�time party�thereto�and�JPMorgan�Chase�Bank,�N.A.�as�Administrative�Agent.��Capitali�ed�terms�used�herein but�not�otherwise�defined�herein�shall�have�the�meanings�assigned�to�such�terms�in�the�Credit�Agreement. Under� the� Credit� Agreement,� the� Lenders� have� agreed,� upon� the� terms� and� subject� to� the� conditions therein� set� forth,� to� make� Loans� to� certain� Affiliate� Borrowers� (collectively� with� the� Company,� the “Borrowers��,�and�the�Company�and�the�New�Affiliate�Borrower�desire�that�the�New�Affiliate�Borrower become�an�Affiliate�Borrower.��In�addition,�the�New�Affiliate�Borrower�hereby�authori�es�the�Company to� act� on� its� behalf� as� and� to� the� extent� provided� for� in� Article� II� of� the� Credit� Agreement. �Notwithstanding�the�preceding�sentence,� the�New�Affiliate�Borrower�hereby�designates�the�following officers�as� being� authori�ed� to�request�Borrowings�under� the�Credit�Agreement�on� behalf�of� the� New Affiliate�Borrower�and�sign�this�Affiliate�Borrowing�Agreement�and�the�other�Loan�Documents�to�which the�New�Affiliate�Borrower�is,�or�may�from�time�to�time�become,�a�party:�[______________�.� Each�of�the�Company,�the�Parent�and�the�New�Affiliate�Borrower�represents�and�warrants�that�the representations�and�warranties�in�the�Credit�Agreement�relating�to�the�New�Affiliate�Borrower�and�this Agreement�(other�than�the�representations�contained�in�Sections�3.04(b��and�3.05��are�true�and�correct�in all� material� respects� (provided� that� any� representation� or� warranty� that� is� qualified� by� materiality� or Material�Adverse�Effect�shall�be�true�and�correct�in�all�respects��on�and�as�of�the�date�hereof�(or,�if�any such�representation�or�warranty�is�expressly�stated�to�have�been�made�as�of�a�specific�date,�as�of�such specific� date�.� � [INSERT� OTHER� PROVISIONS� REASONABL�� REQUESTED� B� ADMINISTRATIVE�AGENT�OR�ITS�COUNSELS���The�Parent�agrees�that�the�guarantee�of�the�Parent contained�in�the�Credit�Agreement�will�apply�to�the�ObxxxxxxxxxxxxxxxxxXxxxXxfiliate�Borrower.��Upon execution�of�this�Agreement�by�each�of�the�Company,�the�Parent�and�the�New�Affiliate�Borrower�and�the Administrative�Agent,�the�New�Borrowing�Subsidiary�shall�be�a�party�to�the�Credit�Agreement�and�shall constitute�an�“Affiliate�Borrower��for�all�purposes�thereof,�and�the�New�Affiliate�Borrower�hereby�agrees to�be�bound�by�all�provisions�of�the�Credit�Agreement. This�Agreement�shall�be�governed�by�and�construed�in�accordance�with�the�laws�of�the�State�of New��ork.
EXHIBIT�F-2 [FORM�OF� AFFILIATE�BORROWER�TERMINATION JPMorgan�Chase�Bank,�N.A. as�Administrative�Agent for�the�Lenders�referred�to�below [__________� [__________� Attention:��[__________� [Date� Ladies�and�Gentlemen: The�undersigned,�nVent�Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having�its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and registered�with�the�Luxembourg�Trade�and�Companies�Register�(R.C.S. Luxembourg��under�number�B 219846� (the� “Company��,� refers� to� the� Credit� Agreement� dated� as� of� Maxxxx 00,x 0000x (xxx xmended, supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�among�the�Company, nVent� Electric� plc� (the� “Parent��,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.� (the “Initial�Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�Lenders from�time�to�time�party�thereto�and�JPMorgan�Chase�Bank,�N.A.�as�Administrative�Agent.��Capitali�ed terms�used�and�not�otherwise�defined�herein�shall�have�the�meanings�assigned�to�such�terms�in�the�Credit Agreement. The� Company� hereby� terminates� the� status� of� [______________�� (the� “Terminated� Affiliate Borrower���as�an�Affiliate�Borrower�under�the�Credit�Agreement.��[The�Company�represents�and�warrants that�no�Loans�made�to�the�Terminated�Affiliate�Borrower�are�outstanding�as�of�the�date�hereof�and�that�all amounts� payable� by� the� Terminated� Affiliate� Borrower� in� respect� of� interest� and/or� fees� (and,� to� the extent�notified�by�the�Administrative�Agent�or�any�Lender,�any�other�amounts�payable�under�the�Credit Agreement��pursuant�to�the�Credit�Agreement�have�been�paid�in�full�on�or�prior�to�the�date�hereof.��[The Company� acknowledges� that� the� Terminated� Affiliate� Borrower�shall� continue� to� be� a� Borrower� until such� time� as� all� Loans� made� to� the� Terminated� Affiliate� Borrower� shall� have� been� prepaid� and� all amounts� payable� by� the� Terminated� Affiliate� Borrower� in� respect� of� interest� and/or� fees� (and,� to� the extent�notified�by�the�Administrative�Agent�or�any�Lender,�any�other�amounts�payable�by�the�Terminated Affiliate�Borrower�under�the�Credit�Agreement��pursuant�to�the�Credit�Agreement�shall�have�been�paid�in full,�provided�that�the�Terminated�Affiliate�Borrower�shall�not�have�the�right�to�make�further�Borrowings under�the�Credit�Agreement.� [Signature�Page�Follows�
EXHIBIT�G-1 FORM�OF�BORROWING�REQUEST JPMorgan�Chase�Bank,�N.A., as�Administrative�Agent for�the�Lenders�referred�to�below [10�South�Dearborn Chicago,�Illinois�60603 Attention:�[__________� Facsimile:�[__________��19 With�a�copy�to: [__________� [__________� Attention:�[__________� Facsimile:�[__________� Re:��nVent�Finance�S.��x.x. [Date� Ladies�and�Gentlemen: Reference� is� hereby� made� to� the� Credit� Agreement� dated� as� of� Maxxxx 00,x 0000x (xxxxxended, restated,�supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�among�nVent Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the�Luxembourg Trade�and�Companies�Register�(R.C.S. Luxembourg��under�number�B�219846�(the�“Company��,�nVent Electric� plc� (the� “Parent��,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.� (the� “Initial Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�institutions�from time�to�time�parties�thereto�as�Lenders�(the�“Lenders���and�JPMorgan�Chase�Bank,�N.A.,�in�its�capacity�as Administrative�Agent�for�itself�and�the�other�Lenders�(the�“Administrative�Agent��.��Capitali�ed�terms used�but�not�defined�herein�shall�have�the�meanings�assigned�to�such�terms�in�the�Credit�Agreement.��The [undersigned�Borrower�[Company,�on�behalf�of�[Affiliate�Borrower�,��hereby�gives�you�notice�pursuant to�Section�2.03�of�the�Credit�Agreement�that�it�requests�a�Borrowing�under�the�Credit�Agreement,�and�in that�connection�the�[undersigned�Borrower�[Company,�on�behalf�of�[Affiliate�Borrower�,��specifies�the following�information�with�respect�to�such�Borrowing�requested�hereby: 1. Name�of�Borrower:��__________ 2. The�requested�Borrowing�is�a�[Revolving�[Term�Loan��Borrowing 3. AgxxxxxxxxxxxxxxxxxxxxxxxxxxxxXxrrowing:20��__________ 19� If� request� is� in� respect� of� Revolving� Loans� in� a� Foreign� Currency� or� a� Designated� Loan,� please� replace� this address�with�the�London�address�from�Section�9.01(a�(ii�. 20�Not�less�than�applicable�amounts�specified�in�Section�2.02(c�.
EXHIBIT�G-2 FORM�OF�INTEREST�ELECTION�REQUEST JPMorgan�Chase�Bank,�N.A., as�Administrative�Agent for�the�Lenders�referred�to�below [10�South�Dearborn Chicago,�Illinois�60603 Attention:�[_______� Facsimile:�([__���[__�-[_____��23 Re:��nVent�Finance�S.��x.x. [Date� Ladies�and�Gentlemen: Reference� is� hereby� made� to� the� Credit� Agreement� dated� as� of� Maxxxx 00,x 0000x (xxxxxended, restated,�supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�among�nVent Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the�Luxembourg Trade�and�Companies�Register�(R.C.S. Luxembourg��under�number�B�219846�(the�“Company��,�nVent Electric� plc� (the� “Parent��,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.� (the� “Initial Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�institutions�from time�to�time�parties�thereto�as�Lenders�(the�“Lenders���and�JPMorgan�Chase�Bank,�N.A.,�in�its�capacity�as Administrative�Agent�for�itself�and�the�other�Lenders�(the�“Administrative�Agent��.��Capitali�ed�terms used�but�not�defined�herein�shall�have�the�meanings�assigned�to�such�terms�in�the�Credit�Agreement.��The [undersigned�Borrower�[Company,�on�behalf�of�[Affiliate�Borrower�,��hereby�gives�you�notice�pursuant to�Section�2.08�of�the�Credit�Agreement�that�it�requests�to�convert�an�existing�Borrowing�under�the�Credit Agreement,� and� in� that� connection� the� [undersigned� Borrower�[Company,� on� behalf� of� [Affiliate Borrower�,��specifies�the�following�information�with�respect�to�such�conversion�requested�hereby: 1. List� Borrower,� date,� Type,� Class,� principal� amount,� Agreed� Currency� and� Interest� Period� (if applicable��of�existing�Borrowing:��_________ 2. Agxxxxxxxxxxxxxxxxxxxxxxxxxxx�resulting�Borrowing:��_________ 3. Effective�date�of�interest�election�(which�shall�be�a�Business�Day�:��_________ 4. Type�of�Borrowing�(ABR�or�Eurocurrency�:��_________ 5. Interest�Period�and�the�last�day�thereof�(if�a�Eurocurrency�Borrowing�:24��_________ 6. Agreed�Currency:��_______________ 23� If� request� is� in� respect� of� Revolving� Loans� in� a� Foreign� Currency� or� a� Designated� Loan,� please� replace� this address�with�the�London�address�from�Section�9.01(a�(ii�. 24�Which�must�comply�with�the�definition�of�“Interest�Period��and�end�not�later�than�the�applicable�Maturity�Date.
EXHIBIT�H-1 [FORM�OF� U.S.�TAX�COMPLIANCE�CERTIFICATE (For�A�Foreign�Lender�That,�For�U.S.�Federal�Income�Tax�Purposes,�Is�Neither�Treated�As�A�Partnership Nor�Treated�As�A�Disregarded�Entity�That�Is�Owned�By�A�Partnership� Reference� is� hereby� made� to� the� Credit� Agreement� dated� as� of� Maxxxx 00,x 0000x (xxxxxended, restated,�supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�among�nVent Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the�Luxembourg Trade�and�Companies�Register�(R.C.S. Luxembourg��under�number�B�219846�(the�“Company��,�nVent Electric� plc� (the� “Parent��,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.� (the� “Initial Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�institutions�from time�to�time�parties�thereto�as�Lenders�and�JPMorgan�Chase�Bank,�N.A.,�in�its�capacity�as�Administrative Agent�for�itself�and�the�other�Lenders�(the�“Administrative�Agent��. Pursuant� to� the� provisions� of� Section� 2.17� of� the� Credit� Agreement,� the� undersigned� hereby certifies� that� (i�� it� is� the� sole� record� and� beneficial� owner� of� the� Loan(s�� (as� well� as� any� Note(s� evidencing�such�Loan(s���in�respect�of�which�it�is�providing�this�certificate,�(ii��it�(or,�in�the�event�that�it�is a�Disregarded�Entity,�the�Person�that�is�treated�for�U.S.�federal�income�tax�purposes�as�being�the�sole owner�of�the�undersigned��is�(a��not�a�bank�within�the�meaning�of�Section�881(c�(3�(A��of�the�Code,�(b� not�a�ten�percent�shareholder�of�any�applicable�Borrower�within�the�meaning�of�Section�871(h�(3�(B��of the�Code�and�(c��not�a�controlled�foreign�corporation�related�to�any�applicable�Borrower�as�described�in Section�881(c�(3�(C��of�the�Code. The� undersigned� has� furnished� the� Administrative� Agent� and� applicable� Borrower� with� a certificate�of� the� non-U.S.� person� status�of� the�undersigned�(or,�in� the� event� that�the�undersigned� is�a Disregarded�Entity,�the�Person�that�is�treated�for�U.S.�federal�income�tax�purposes�as�being�the�sole�owner of�the�undersigned��on�IRS�Form�W-8BEN�or�IRS�Form�W-8BEN-E.��By�executing�this�certificate,�the undersigned�agrees�that�(1��if�the�information�provided�on�this�certificate�changes,�the�undersigned�shall promptly�so�inform�the�Borrowers�and�the�Administrative�Agent�and�(2��the�undersigned�shall�have�at�all times� furnished� the� Borrowers� and� the� Administrative� Agent� with�a� properly� completed� and� currently effective�certificate�in�either�the�calendar�year�in�which�each�payment�is�to�be�made�to�the�undersigned,�or in�either�of�the�two�calendar�years�preceding�such�payments. Unless�otherwise�defined�herein,�terms�defined�in� the�Credit�Agreement�and�used�herein�shall have�the�meanings�given�to�them�in�the�Credit�Agreement. [NAME�OF�LENDER� By:______________________________________ Name: Title: Date:��__________,�20[__�
EXHIBIT�H-2 [FORM�OF� U.S.�TAX�COMPLIANCE�CERTIFICATE (For�A�Foreign�Participant�That,�For�U.S.�Federal�Income�Tax�Purposes,�Is�Neither�Treated�As�A Partnership�Nor�Treated�As�A�Disregarded�Entity�That�Is�Owned�By�A�Partnership� Reference� is� hereby� made� to� the� Credit� Agreement� dated� as� of� Maxxxx 00,x 0000x (xxxxxended, restated,�supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�among�nVent Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the�Luxembourg Trade�and�Companies�Register�(R.C.S. Luxembourg��under�number�B�219846�(the�“Company��,�nVent Electric� plc� (the� “Parent��,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.� (the� “Initial Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�institutions�from time�to�time�parties�thereto�as�Lenders�and�JPMorgan�Chase�Bank,�N.A.,�in�its�capacity�as�Administrative Agent�for�itself�and�the�other�Lenders�(the�“Administrative�Agent��. Pursuant� to� the� provisions� of� Section� 2.17� of� the� Credit� Agreement,� the� undersigned� hereby certifies�that�(i��it�is�the�sole�record�and�beneficial�owner�of�the�participation�in�respect�of�which�it�is providing�this�certificate,�(ii��it�(or,�in�the�event�that�it�is�a�Disregarded�Entity,�the�Person�that�is�treated for�U.S.�federal�income�tax�purposes�as�being�the�sole�owner�of�the�undersigned��is�(a��not�a�bank�within the� meaning�of� Section� 881(c�(3�(A�� of�the� Code,� (b��not�a� ten� percent� shareholder�of� any�applicable Borrower� within� the� meaning� of� Section� 871(h�(3�(B�� of� the� Code� and� (c�� not� a� controlled� foreign corporation�related�to�any�applicable�Borrower�as�described�in�Section�881(c�(3�(C��of�the�Code. The�undersigned�has�furnished�its�participating�Lender�with�a�certificate�of�the�non-U.S.�person status�of�the�undersigned�(or,�in�the�event�that�the�undersigned�is�a�Disregarded�Entity,�the�Person�that�is treated�for�U.S.�federal�income�tax�purposes�as�being�the�sole�owner�of�the�undersigned��on�IRS�Form�W- 8BEN� or� IRS� Form�W-8BEN-E.� � By� executing� this� certificate,� the� undersigned� agrees� that� (1�� if� the information�provided�on�this�certificate�changes,�the�undersigned�shall�promptly�so�inform�such�Lender�in writing,�and�(2��the�undersigned�shall�have�at�all�times�furnished�such�Lender�with�a�properly�completed and�currently�effective�certificate�in�either�the�calendar�year�in�which�each�payment�is�to�be�made�to�the undersigned,�or�in�either�of�the�two�calendar�years�preceding�such�payments. Unless�otherwise�defined�herein,�terms�defined�in� the�Credit�Agreement�and�used�herein�shall have�the�meanings�given�to�them�in�the�Credit�Agreement. [NAME�OF�PARTICIPANT� By:______________________________________ Name: Title: Date:��__________,�20[__�
EXHIBIT�H-3 [FORM�OF� U.S.�TAX�COMPLIANCE�CERTIFICATE (For�A�Foreign�Participant�That,�For�U.S.�Federal�Income�Tax�Purposes,�Is�Either�Treated�As�A Partnership�Or�Treated�As�A�Disregarded�Entity�That�Is�Owned�By�A�Partnership� Reference� is� hereby� made� to� the� Credit� Agreement� dated� as� of� Maxxxx 00,x 0000x (xxxxxended, restated,�supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�among�nVent Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the�Luxembourg Trade�and�Companies�Register�(R.C.S. Luxembourg��under�number�B�219846�(the�“Company��,�nVent Electric� plc� (the� “Parent��,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.� (the� “Initial Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�institutions�from time�to�time�parties�thereto�as�Lenders�and�JPMorgan�Chase�Bank,�N.A.,�in�its�capacity�as�Administrative Agent�for�itself�and�the�other�Lenders�(the�“Administrative�Agent��. Pursuant� to� the� provisions� of� Section� 2.17� of� the� Credit� Agreement,� the� undersigned� hereby certifies�that�(i��it�is�the�sole�record�owner�of�the�participation�in�respect�of�which�it�is�providing�this certificate,�(ii��it�is�the�sole�beneficial�owner�of�such�participation�for�purposes�other�than�U.S.�federal income�tax�purposes,�(iii��it�(or,�in�the�event�that�it�is�a�Disregarded�Entity,�the�Person�that�is�treated�for U.S.�federal�income�tax�purposes�as�being�the�sole�owner�of�the�undersigned��is�not�a�bank�extending credit�pursuant�to�a�loan�agreement�entered�into�in�the�ordinary�course�of�its�trade�or�business�within�the meaning�of�Section�881(c�(3�(A��of�the�Code,�and�(iv��none�of�the�members�of�the�undersigned�(or,�in�the event�that�the�undersigned�is�a�Disregarded�Entity,�none�of�the�members�of�the�Person�that�is�treated�for U.S.�federal�income�tax�purposes�as�being�the�sole�owner�of�the�undersigned��is�(a��a�bank�extending credit�pursuant�to�a�loan�agreement�entered�into�in�the�ordinary�course�of�its�trade�or�business�within�the meaning�of�Section�881(c�(3�(A��of�the�Code,�(b��a�ten�percent�shareholder�of�any�applicable�Borrower within�the�meaning�of�Section�871(h�(3�(B��of�the�Code,�or�(c��a�controlled�foreign�corporation�related�to any�applicable�Borrower�as�described�in�Section�881(c�(3�(C��of�the�Code. The�undersigned�has�furnished�its�participating�Lender�with�IRS�Form�W-8IM��accompanied�by one� of� the� following� forms� from� each� of� the� members� of� the� undersigned� (or,� in� the� event� that� the undersigned� is� a� Disregarded� Entity,� from� each� of� the� members� of�the� Person� that� is� treated� for� U.S. federal�income�tax�purposes�as�being�the�sole�owner�of�the�undersigned��claiming�the�portfolio�interest exemption:� (i�� an� IRS� Form�W-8BEN� or� IRS� Form�W-8BEN-E� or� (ii�� an� IRS� Form� W-8IM� accompanied�by�an�IRS�Form�W-8BEN�or�IRS�Form�W-8BEN-E�from�each�of�such�member�s�beneficial owners�that�is�claiming�the�portfolio�interest�exemption.��By�executing�this�certificate,�the�undersigned agrees�that�(1��if�the�information�provided�on�this�certificate�changes,�the�undersigned�shall�promptly�so inform�such�Lender�and�(2��the�undersigned�shall�have�at�all�times�furnished�such�Lender�with�a�properly completed�and�currently�effective�certificate�in�either�the�calendar�year�in�which�each�payment�is�to�be made�to�the�undersigned,�or�in�either�of�the�two�calendar�years�preceding�such�payments. Unless�otherwise�defined�herein,�terms�defined�in� the�Credit�Agreement�and�used�herein�shall have�the�meanings�given�to�them�in�the�Credit�Agreement. [NAME�OF�PARTICIPANT� By:______________________________________ Name: Title:
EXHIBIT�H-4 [FORM�OF� U.S.�TAX�COMPLIANCE�CERTIFICATE (For�A�Foreign�Lender�That,�For�U.S.�Federal�Income�Tax�Purposes,�Is�Either�Treated�As�A�Partnership Or�Treated�As�A�Disregarded�Entity�That�Is�Owned�By�A�Partnership� Reference� is� hereby� made� to� the� Credit� Agreement� dated� as� of� Maxxxx 00,x 0000x (xxxxxended, restated,�supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�among�nVent Finance�S.��x.x.,�a�Luxembourg�private�limited�liability�company�(Société à responsabilité limitée�,�having its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the�Luxembourg Trade�and�Companies�Register�(R.C.S. Luxembourg��under�number�B�219846�(the�“Company��,�nVent Electric� plc� (the� “Parent��,� Pentair� Technical� ProductsHoffman� Xxxxxxx� Holdings,� Inc.� (the� “Initial Affiliate�Borrower��,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�institutions�from time�to�time�parties�thereto�as�Lenders�and�JPMorgan�Chase�Bank,�N.A.,�in�its�capacity�as�Administrative Agent�for�itself�and�the�other�Lenders�(the�“Administrative�Agent��. Pursuant� to� the� provisions� of� Section� 2.17� of� the� Credit� Agreement,� the� undersigned� hereby certifies�that�(i��it�is�the�sole�record�owner�of�the�Loan(s��(as�well�as�any�Note(s��evidencing�such�Loan(s�� in�respect�of�which�it�is�providing�this�certificate,�(ii��it�is�the�sole�beneficial�owner�of�such�Loan(s��(as well�as�any�Note(s��evidencing�such�Loan(s���for�purposes�other�than�U.S.�federal�income�tax�purposes, (iii��it�(or,�in�the�event�that�the�undersigned�is�a�Disregarded�Entity,�the�Person�that�is�treated�for�U.S. federal�income�tax�purposes�as�being�the�sole�owner�of�the�undersigned��is�not�a�bank�extending�credit pursuant� to� a� loan� agreement� entered� into� in� the� ordinary� course� of� its� trade� or� business� within� the meaning�of�Section�881(c�(3�(A��of�the�Code,�and�(iv��none�of�the�members�of�the�undersigned�(or,�in�the event�that�the�undersigned�is�a�Disregarded�Entity,�none�of�the�members�of�the�Person�that�is�treated�for U.S.�federal�income�tax�purposes�as�being�the�sole�owner�of�the�undersigned��is�(a��a�bank�extending credit�pursuant�to�a�loan�agreement�entered�into�in�the�ordinary�course�of�its�trade�or�business�within�the meaning�of�Section�881(c�(3�(A��of�the�Code,�(b��a�ten�percent�shareholder�of�any�such�Borrower�within the�meaning�of�Section�871(h�(3�(B��of�the�Code,�or�(c��a�controlled�foreign�corporation�related�to�any applicable�Borrower�as�described�in�Section�881(c�(3�(C��of�the�Code. The�undersigned�has�furnished�the�Administrative�Agent�and�the�applicable�Borrower�with�IRS Form�W-8IM��accompanied�by�one�of�the�following�forms�from�each�of�the�members�of�the�undersigned (or,�in�the�event�that�the�undersigned�is�a�Disregarded�Entity,�from�each�of�the�members�of�the�Person�that is�treated�for�U.S.�federal�income�tax�purposes�as�being�the�sole�owner�of�the�undersigned��claiming�the portfolio�interest�exemption:�(i��an�IRS�Form�W-8BEN�or�IRS�Form�W-8BEN-E�or�(ii��an�IRS�Form�W- 8IM�� accompanied� by� an� IRS� Form�W-8BEN� or� IRS� Form�W-8BEN-E� from� each�of�such�member�s beneficial� owners� that� is� claiming� the� portfolio� interest� exemption.� � By� executing� this� certificate,� the undersigned�agrees�that�(1��if�the�information�provided�on�this�certificate�changes,�the�undersigned�shall promptly�so�inform�the�Borrowers�and�the�Administrative�Agent,�and�(2��the�undersigned�shall�have�at�all times� furnished� the� Borrowers� and� the� Administrative� Agent� with�a� properly� completed� and� currently effective�certificate�in�either�the�calendar�year�in�which�each�payment�is�to�be�made�to�the�undersigned,�or in�either�of�the�two�calendar�years�preceding�such�payments. Unless�otherwise�defined�herein,�terms�defined�in� the�Credit�Agreement�and�used�herein�shall have�the�meanings�given�to�them�in�the�Credit�Agreement. [NAME�OF�LENDER�
EXHIBIT�I [FORM�OF� IRISH�QUALIF�ING�LENDER�CONFIRMATION To:� nVent� Finance� S.�� x.x.,� a� Luxembourg� private� limited� liability� company� (Société à responsabilité limitée�,�having�its�registered�office�at�26,�boulevard�Royal,�L-2449�Luxembourg�and�registered�with�the Luxembourg� Trade� and� Companies� Register� (R.C.S. Luxembourg�� under� number� B� 219846,� nVent Electric�plc,�Pentair�Technical�ProductsHoffman�Xxxxxxx�Holdings,�Inc.,�and�JPMorgan�Chase�Bank, N.A.,�as�the�Administrative�Agent�under�the�Credit�Agreement�referenced�below: Name�of�Lender:�______________________________________ Address�of�Lender:�____________________________________ Date:�____________________________________ Reference� is� hereby� made� to� that� certain� Credit� Agreement,� dated� as� of� Maxxxx 00,x 0000x (xx xmended,�restated,�supplemented�or�otherwise�modified�from�time�to�time,�the�“Credit�Agreement��,�by and� among� nVent� Finance� S.�� x.x.,� nVent� Electric� plc,� Pentair� Technical� ProductsHoffman� Xxxxxxx Holdings,�Inc.,�the�other�Affiliate�Borrowers�from�time�to�time�party�thereto,�the�institutions�from�time�to time�parties�thereto�as�Lenders�and�JPMorgan�Chase�Bank,�N.A.,�in�its�capacity�as�Administrative�Agent for�itself�and�the�other�Lenders. Pursuant�to�Section�2.17(j��of�the�Credit�Agreement,�the�undersigned�Lender�hereby�confirms,�as at�the�date�of�this�Confirmation,�that�it�is: not�an�Irish�Qualifying�Lender��or an�Irish�Qualifying�Lender�(under�paragraph�(f��of�the�definition���or an� Irish� Qualifying� Lender� (under� paragraphs� (a�,� (b�,� (c�,� (d�,� (e�,� or� (g�� of� the definition�. [NAME�OF�LENDER� By:_____________________ Name: Title: