文檔

EX-10.1 3 exhibit101-cwamendedandres.htm EX-10.1 C&W AMENDED AND RESTATED CREDIT AGREEMENT 文檔

附件10.1

僅展示符合規定的副本

對所有類別有效的修正案

截至2024年9月24日的貸款和承諾

$2,135,000,000

修改和重述信貸協議

日期截至2020年1月24日

經2021年9月23日2021年延期修正案修訂，

條款b-6合併日期爲2021年9月23日，

2023年修正案日期爲2023年5月22日，2024年延期修正案日期爲2024年9月24日

其中

C & W高級擔保父母有限公司，

作爲公司，

賽柏國際金融有限公司

和

CORAL-US CO-BORROWER LLC，
作爲初始借款人，

豐業銀行，
作爲行政代理，

新斯科舍銀行，
作爲信用證簽發人和搖擺線貸方，

其他貸款人派對不時出現，

和


摩根大通銀行，N.A. 美國銀行，NA，倫敦分行 BNP Paribas Fortis SA/NV Citigroup Global Markets Limited 瑞士信貸貸款融資有限責任公司德意志銀行證券公司。第一加勒比國際銀行（巴哈馬）有限公司高盛銀行美國 ING資本有限責任公司加拿大皇家銀行法國興業銀行倫敦分行豐業銀行


作爲收件箱和簿記員

第一條
定義和會計術語

第1.01節。定義的術語 6

第1.02節。其他解釋性規定 46

第1.03節。會計術語 47

第1.04節。四捨五入。 47

第1.05節。對協議、法律等的引用 47

第1.06節。當日時間 47

第1.07節。績效付款的時間 48

第1.08節。信用證和替代信用證 48

第1.09節。無現金卷 48

第1.10節。許可的附屬母公司;附屬子公司。 48

第1.11節。分裂。 48

第1.12節。基準轉換事件的影響。 48

第二條
承諾和信貸延期

第2.01節。貸款 50

第2.02節。借款、轉換和貸款的延續 51

第2.03節。信用證和替代信用證 53

第2.04節。搖擺線貸款 63

第2.05節。預付款項 65

第2.06節。終止或減少承諾。 74

第2.07節。償還貸款。 75

第2.08節。興趣 76

第2.09節。費 76

第2.10節。利息和費用的計算。 77

第2.11節。負債的證據。 77

第2.12節。一般付款。 78

第2.13節。付款共享 79

第2.14節。額外設施 80

第2.15節。再融資修正案 83

第2.16節。延長定期貸款;延長循環信用貸款 84

第2.17節。違約貸款人 87

第2.18節。每個借款人義務的一般限制 88

第2.19節。確認並同意歐洲經濟區金融機構的自救。 88

第三條
稅收、增加成本保護和非法性

第3.01節。稅 89

第3.02節。愛爾蘭和英國稅 92

第3.03節。比利時稅 93

第3.04節。稅務狀況 94

第3.05節。增值稅 97

第3.06節。稅收抵免 98

第3.07節。非法性 99

第3.08節。無法確定費率 99

第3.09節。成本增加和回報減少;資本充足率;歐洲貨幣利率貸款和
SOFR貸款準備金 100

第3.10節。供資損失 101

第3.11節。適用於所有賠償請求的事項 101

第3.12節。在某些情況下更換貸款人 102

第3.13節。生存 103

第四條
授信延期的先決條件

第4.01節。 [保留]。 104

第4.02節。 [保留]。 104

第4.03節。所有信貸延期的條件。 104

第4.04節。遵守條件。 104

第五條
申述及保證

第5.01節。存在、資格和權力;遵守法律 104

第5.02節。授權;無違規行爲 105

第5.03節。政府授權;其他同意 105

第5.04節。約束力 105

第5.05節。財務報表;無重大不利影響 105

第5.06節。訴訟 106

第5.07節。財產所有權;優先權 106

第5.08節。環境事項 106

第5.09節。稅 106

第5.10節。 ERISA合規性 107

第5.11節。養老金 107

第5.12節。按金規定;投資公司法 107

第5.13節。公開 107

第5.14節。勞工問題 107

第5.15節。知識產權;等 108

第5.16節。償付能力 108

第5.17節。 [保留] 108

第5.18節。美國愛國者法案、反腐敗法和制裁 108

第5.19節。抵押文件 108

第5.20節。電信、有線電視和廣播法 109

第六條
平權契約

第6.01節。公司物資 109

第6.02節。合規證書和其他信息 110

第6.03節。通知 110

第6.04節。納稅 110

第6.05節。保存存在等 111

第6.06節。財產維護 111

第6.07節。保險的維護 111

第6.08節。遵守法律 111

第6.09節。賬簿和記錄 111

第6.10節。檢查權 111

第6.11節。額外抵押品;額外擔保人 112

第6.12節。遵守環境法律 112

第6.13節。進一步保證 112

第6.14節。子公司的指定 113

第6.15節。所得款項用途 113

第6.16節。收盤後行動 113

第6.17節。 [保留]。 113

第6.18節。次級股東貸款。 113

第6.19節。知識產權的維護 113

第6.20節。會計實踐的變化。 113

第6.21節。評級維持 115

第6.22節。「了解你的客戶」檢查。 115

第七條
消極契約

第7.01節。附件二 116

第7.02節。財務契諾 116

第八條
違約事件和補救措施

第8.01節。違約事件 116

第8.02節。違約事件後的補救措施 119

第8.03節。資金運用 119

第8.04節。借款人的治癒權 120

第九條
管理代理和其他代理

第9.01節。任命和權力 121

第9.02節。作爲收件箱的權利 122

第9.03節。無罪條款 122

第9.04節。行政代理人和安全受託人的信賴 123

第9.05節。職責授權 123

第9.06節。行政代理人和安全受託人的解僱 123

第9.07節。不依賴行政代理人、擔保受託人和其他貸方 124

第9.08節。沒有其他職責等 125

第9.09節。行政代理人可以提出索賠證明;信用招標 125

第9.10節。抵押品事項 126

第9.11節。財政服務協議和有擔保對沖協議 127

第9.12節。預扣稅賠償 127

第9.13節。債權人間協議 127

第十條
其他

第10.01條。修正案等 127

第10.02條。通知和其他通訊;傳真件 131

第10.03條。不得放棄;累積補救措施 132

第10.04條。律師費用和費用 133

第10.05條。借款人的賠償 133

第10.06條。預留付款 134

第10.07條。繼承人和受讓人 135

第10.08條。保密 141

第10.09條。抵銷 142

第10.10節。利率限制 143

第10.11條。對應方;發票和某些其他文件的電子執行 143

第10.12節。整合;終止 143

第10.13條。代表和擔保的生存 143

第10.14條。分割性 144

第10.15條。管轄法律;論壇;程序代理 144

第10.16條。陪審團放棄審判權 145

第10.17條。約束力 145

第10.18條。美國愛國者法案 145

第10.19條。沒有諮詢或信託責任 145

第10.20節。貸方擔保人 146

第10.21節。更多的締約方 146

第10.22節。額外借款人或額外擔保人的還款 148

第10.23節。判決貨幣 149

第10.24條。持續義務。 149

第10.25節。放棄豁免權。 150

第十一條
擔保

第11.01條。擔保 150

第11.02節。無條件義務 150

第11.03條。復職 151

第11.04節。代位;從屬 151

第11.05條。補救辦法 152

第11.06條。付款工具 152

第11.07條。持續保證 152

第11.08節。擔保義務的一般限制 152

第11.09條。擔保人的解除 152

第11.10條。分攤請求權 153

第11.11條。維好 154

第11.12條。沒有調度 154

第11.13條。選擇的救濟措施 154

第11.14條。行政代理人的職責 154

第11.15條。擔保人意圖 154

第11.16條。連帶責任 155

第11.17條。有關任何受支持的QFC的確認 155

附件

我另外的定義

II 盟約

附表

我要找幾個擔保人

II 需要重新確認的文件清單

III 稅務狀況

1.01A 循環信貸承諾

6.16 收盤後行動

10.02 行政代理辦公室，某些通知請求

10.21 其他當事人文件

展品

表格

A銀行已承諾貸款通知

B銀行發佈擺動額度貸款通知

C-1銀行定期票據

C-2 循環信用票據

C-3 搖擺線筆記

D 合規證明

E-1 任務和假設

E-2 附屬收件箱通知

F 質押協議

G 美國稅務合規證書

H 附屬收件箱分配和假設

我信用證報告

J 額外設施聯合協議

K 增加確認

L 折扣範圍預付款通知

M 折扣範圍預付款優惠

N：00徵求打折預付款通知

O提交承兌和預付款通知。

P 指定折扣預付款通知

Q 徵集折扣預付款優惠

R 指定折扣預付款響應

信貸協議

本修訂和恢復的信用證計劃日期爲2020年1月24日（“2020 修訂生效日期“）C & W SENIOR Secureed Parent LIMITED（一家根據開曼群島法律註冊成立的獲豁免公司）作爲公司（定義見下文）、SAPLE INTERNATIONAL FINANCE LIMITED（一家根據開曼群島法律註冊成立的獲豁免公司）（“原借款人)，以及根據特拉華州法律成立的有限責任公司珊瑚-美國聯合借款人有限責任公司(The原聯名借款人以及與原始借款人一起，首字母借款人)、本合同不時的擔保方、作爲行政代理的豐業銀行(定義如下)、作爲擔保受託人的豐業銀行(定義如下)、本合同的每一貸款人(統稱爲出借人「單獨來說，一個」出借人“)，以及豐業銀行，作爲L/C的發行人和搖擺線貸款人。

初步陳述

貸款人已同意(I)向原聯席借款人發放本金總額爲1,510,000,000美元的b-5期貸款，(Ii)向原聯席借款人發放本金總額爲590,000,000美元的b-6期貸款，(Iii)向初始借款人發放本金總額爲196,000,000美元的2021年擴展b類循環信貸承諾，及(Iv)向初始借款人發放2024年擴展b類循環信貸承諾，本金總額爲384,000,000美元。循環信貸承諾允許不時發出一份或多份信用證和替代信用證，並允許不時發放一份或多份週轉額度貸款。

適用的貸款人已表示願意放貸，而L/信用證發行人和L/信用證的替代發行人均已表示願意按本文所述的條款和條件簽發信用證或替代信用證(視情況而定)。

這些初步陳述中使用的大寫術語定義在下面的第1.01節中。

考慮到本協議所載的相互契約和協議，本協議各方訂立契約並達成如下協議：

第一條
定義和會計術語

第1.01節。定義的術語.

(A)本協定中使用的未在下文第1.01(B)節中定義的大寫術語具有本協定附件一和附件二中所給出的含義。

(B)除本協定所使用的術語外，下列術語應具有下列含義：

“2018年信貸協議“指截至2018年3月7日最近一次修訂和重述、2018年4月9日修訂並於2020年1月10日進一步補充的初始借款人和行政代理之間的信貸協議。

“2021年額外設施生效日期「具有術語b-6加入協議中」生效日期“一詞的含義。

“2021年延長的b類循環信貸承諾“指循環信貸貸款人在附表1.01A在標題「2021年延長的b類循環信貸承諾」下。截至2024年延期修正案生效日期，2021年延期b類循環信貸承諾總額爲196,000,000美元。

“《2021年延期修正案》“指截至2021年9月23日，初始借款人、其中所列金融機構、行政代理和證券託管人之間的延期修正案。

“2021年延期生效日期「具有2021年延期修正案中賦予術語」生效日期“的含義。

“《2023年修正案》“指截至2023年5月22日本公司與行政代理之間的修訂協議。

“2023年修正案生效日期「具有2023年修正案中賦予術語」生效日期“的含義。

“2024年擴展的B類循環信貸承諾“指循環信貸貸款人在附表1.01A在標題「2024年延長的b類循環信貸承諾」下。截至2024年延期修正案生效日期，2024年延期b類循環信貸承諾總額爲384,000,000美元。

“《2024年延期修正案》“指截至2024年9月24日，初始借款人、其中所列金融機構、行政代理和證券託管人之間的延期修正案。

“2024年延期修正案生效日期具有賦予《2024年延期修正案》中「修正案生效日期」一詞的含義。

“2024年延期再融資生效日期「具有2024年延期修正案中賦予術語」再融資生效日期“的含義。

“2027年票據再融資具有《2024年延期修正案》中賦予術語《2027年票據再融資》的含義。

“可接受的折扣“具有第2.05(A)(V)(D)(2)節規定的含義。

“可接受的預付款金額“具有第2.05(A)(V)(D)(3)節規定的含義。

“承兌及預付款通知書“指適用借款人以實質上以下形式接受可接受折扣的通知證物O.

“驗收日期“具有第2.05(A)(V)(D)(2)節規定的含義。

“額外的借款人“指已遵守第10.21(B)節要求的受限集團成員。

“附加設施附加設施

“額外的設施可用期限“就附加設施而言，指《附加設施加入協議》中爲該附加設施規定的可用期。

“附加設施可用金額“意思是：

(A)支付一筆相當於以下款項之和的款項：

加

(2)除不重複計算外，根據附件二第4.09(B)(14)節可產生的任何債務數額；加

(B)如(I)如屬可有效延長定期貸款及/或循環信貸貸款到期日的額外貸款安排，則相當於定期貸款及/或循環信貸貸款的減少額(並附有循環信貸承諾的相應永久減少)，以該額外安排取代；及(Ii)如屬有效取代根據第2.06節終止的任何循環信貸承諾的額外循環信貸安排，則爲相等於有關已終止循環信貸承諾部分的款額；加

(C)提供以任何自願預付定期貸款爲抵押的總金額平價通行證加

(D)審查額外貸款的收益是否用於對現有債務進行再融資平價通行證(I)相當於該等現有債務的應計利息、保費及損失費用的款額，(Ii)與該等現有債務有關的其他欠款或已支付的款項，以及(Iii)與上述事項有關而合理招致的費用及開支；加

(E)在(E)款的情況下，只要(I)在附加貸款項下產生的債務是高級擔保債務，綜合高級擔保淨槓桿率不會超過4.00至1.00，以及(Ii)綜合淨槓桿率不會超過5.00至1.00，在每種情況下，綜合淨槓桿率都不會超過5.00至1.00，在實施該附加貸款的產生後，包括其收益的運用，以及(如適用)本協議允許的任何收購或投資，綜合淨槓桿率都不會超過5.00至1.00。(A)如屬任何額外的循環貸款，則假設該額外循環貸款已全額提取，及(B)不扣除根據該額外貸款借款的任何現金收益；

但前提是不言而喻，(I)公司可根據(A)、(B)、(C)、(D)或(E)款中的任何一項自行決定產生任何額外融資，(Ii)公司可在使用(A)、(B)、(C)或(D)款下的可用金額之前，選擇根據(E)款招致額外融資，及(Iii)根據(A)、(B)、(B)、(C)或(D)實質上與根據(E)款發生的款項同時發生的款項，在計算綜合淨槓桿率時不會算作負債；提供,進一步，可根據附件二第4.09(D)(1)節對任何額外貸款或額外貸款的任何部分進行劃分和重新分類。

“其他貸款借款人“指根據任何附加貸款成爲借款人的任何借款人。

“額外貸款“指由適用的附加貸款機構(包括通過轉換或延續)發放的一筆或一組相同類別和類型的附加貸款。

“附加設施投產日期“就附加融資而言，指該附加融資的生效日期，該日期應以下列日期中較後者爲準：

（a）相關的附加融資加入協議中規定的日期；以及

（b）滿足第2.14節中規定的條件的日期。

“其他設施承諾“指對於初始額外貸款貸款人，在相關的額外貸款加入協議中列爲貸款人的額外貸款承諾的金額，以及根據本協議轉讓給貸款人的任何其他額外貸款承諾的金額，但以貸款人未根據本協議取消、減少或轉移爲限。

“附加設施加入協議“指實質上屬以下形式的文件附件J(附加設施加入協議表)，並作行政代理或

相關貸款人和該附加貸款聯合協議項下的適用借款人可批准或合理要求。

“其他貸款機構“就附加貸款或增加確認而言，是指初始的附加貸款機構，以及根據第10.07節成爲該附加貸款項下的新貸款機構的任何人。

“額外貸款「指根據」附加貸款“作出或將作出的貸款及/或墊款。

“額外擔保人“指已遵守第10.21(C)節要求的受限集團的任何成員。

“額外的貸款人“指不是現有貸款人並已同意提供以下任何部分的任何人：(A)根據第2.14節的附加貸款；(B)根據第2.15節的再融資修正案提供的其他貸款；或(C)根據第10.01節的替換定期貸款；提供每個新增貸款人須經行政代理批准，此類批准不得無理扣留、附加條件或延遲，僅限於根據第10.07(B)(I)(B)節將貸款轉讓給該額外貸款人需要行政代理同意的範圍，在任何額外循環安排和其他循環信貸承諾的情況下，不得無理扣留、附加條件或延遲此類批准，在每種情況下，僅在根據第10.07(B)(I)(C)節或第10.07(B)(I)(D)節向該額外貸款人進行任何轉讓時需要徵得上述同意的範圍內。

“額外的再融資貸款人“具有第2.15(A)節規定的含義。

“額外的旋轉設施“指第2.14節允許的屬於循環設施的任何額外設施。

“調整後的期限軟“就任何計算而言，指的是年利率等於(A)期限SOFR加(B)SOFR調整一詞，提供在適用下限的情況下，如果如此確定的調整後期限SOFR應小於任何此類下限，則調整後期限SOFR應被視爲下限。

“管理代理指豐業銀行以任何貸款文件規定的行政代理人的身份，或任何繼任的行政代理人。

“行政代理辦公室“指的是行政代理人的地址和帳戶附表10.02，或管理代理可能不時通知每個借款人和貸款人的其他地址或帳戶。

“行政調查問卷“指由行政代理提供的表格形式的行政調查問卷。

“關聯貸款人“指作爲Liberty拉丁美洲或其聯屬公司的貸款人(但不包括(A)本公司、任何獲准聯屬母公司、任何聯屬附屬公司及(在任何情況下)其任何附屬公司，或(B)借入任何貸款、發行任何票據、債券或其他證券或以其他方式產生債務的任何信託、基金、合夥企業、個人或其他實體，目的是將發行債券所得轉借予本協議項下的借款人)。

“關聯貸款人上限“具有第10.07(K)(Iv)節規定的含義。

“關聯子公司“具有第10.21(A)(I)節規定的含義。

“關聯子公司加入“具有第10.21(A)(I)節規定的含義。

“關聯子公司發佈“具有第10.21(A)(I)節規定的含義。

“代理方“具有第10.02(B)節規定的含義。

“與代理相關的遇險事件對於管理代理、安全受託人或直接或間接控制管理代理或安全受託人的任何人(視情況而定)苦惱代理相關人員“)、根據任何債務人救濟法自願或非自願地處理與該不良代理人有關的人的案件，或爲該不良代理人相關人士或該不良代理人相關人士的資產的任何主要部分指定一名保管人、保管人、接管人或類似的官員，或該不良代理人相關人士受強制清盤或爲債權人的利益作出一般轉讓，或被任何對該不良代理人相關人士具有監管權力的政府當局判定爲無力償債或破產；提供與代理人有關的遇險事件不應僅因政府當局或其機構擁有或取得行政機關、證券受託人或任何直接或間接控制行政機關或證券受託人的人的股權而被視爲已發生；提供,進一步, 該所有權權益不會導致或向行政代理、安全受託人或直接或間接控制行政代理或安全受託人(視情況而定)的任何人提供豁免，使其免受法院的管轄或對其資產執行判決或扣押令，或允許行政代理、安全受託人或直接或間接控制行政代理或安全受託人(視情況而定)的任何人拒絕、拒絕、否認或否認與行政代理、安全受託人或直接或間接控制行政代理或安全受託人的任何人訂立的任何合同或協議。

“特工相關人員“指行政代理和安全受託人，以及它們各自的關聯公司、高級職員、董事、僱員、合夥人、代理人、顧問和其他代表。

“總承諾額”是指所有貸方的承諾。

“總循環信貸風險敞口“指在任何時候，循環信貸貸款人在該時間的循環信貸風險總和。

“協議“指本信貸協議，包括本協議的附件、附表和附件，可隨時予以修改、補充或以其他方式修改。

“協議貨幣“具有第10.23節中規定的含義。

“綜合成品率“指任何債務的收益率(由行政代理根據普遍接受的財務慣例作出的合理判斷確定)，無論是以利率、按金、OID、預付費用、歐洲貨幣利率下限、調整後期限SOFR下限或基本利率下限的形式(增加的金額以本定義最後但書中所述的方式確定)，或在每種情況下由借款人按比例直接向這種債務的所有貸款人支付的；提供OID和預付費用應等同於假設以下較短的利率：(1)這種債務的加權平均期限至到期日和(2)至到期日的四年平均年限(例如，OID的100個點子等於至到期的四年平均年限的利差25個點子)；只要，進一步，前提是，此外，就包括歐洲貨幣利率下限、調整後期限SOFR下限或基礎利率下限在內的適用類別的任何貸款而言，(1)在計算綜合收益率之日，如果歐洲貨幣利率、調整後期限SOFR或基本利率(視情況而定)小於該下限，則爲計算綜合收益率，應將差額視爲與此類貸款的適用利率相加；以及(2)在歐洲貨幣利率、調整後期限SOFR或基本利率(視情況適用)的範圍內，在計算全盤收益率大於該下限的日期，計算全盤收益率時不考慮下限。

“L/C另類借款“指根據任何替代信用證提款而產生的信用證延期，而該信用證在作爲循環信貸借款作出或再融資之日仍未得到償付。

“另類L/證書發行人指根據第2.03(K)節或第10.07(J)節規定成爲L/信用證替代發行人的任何循環信貸貸款人，在任何情況下，均指以本信用證項下替代信用證發行人的身份，或以本合同項下替代信用證的任何後續發行人的身份。

“替代信用證“指根據第2.03(B)節就一種或多種循環信用證承諾開具的、在相關信用證申請書根據第2.03(B)節向行政代理和相關的L/C發票人交付時被指定爲替代信用證的任何信用證。“具有第10.07(B)(I)節規定的含義。分配和假設

““指貸款人和合格受讓人訂立並被行政代理接受的轉讓和假設，主要形式爲附件E-1

“在這裏。律師費

““指任何律師事務所或其他外部法律顧問的所有合理和有文件記錄的費用、開支和支出。拍賣代理

“指(A)行政代理人或(B)借款人根據第2.05(A)(V)節聘用的任何其他金融機構或顧問(不論是否行政代理人的關聯公司)，就任何貼現定期貸款預付款擔任安排人；

提供

未經行政代理人書面同意，借款人不得指定行政代理人爲拍賣代理人(應理解爲行政代理人沒有義務同意擔任拍賣代理人)；

如果進一步提供

借款人及其任何關聯公司均不得擔任拍賣代理人。

“核數師“指具有國際地位的會計師事務所(包括畢馬威律師事務所及其附屬公司)。

“自動展期信用證“具有第2.03(B)(三)節規定的含義。

“可用貨幣指美元，以及作爲相關借款人的任何其他貨幣(包括歐元和英鎊)、每個相關循環信貸貸款人或相關定期貸款人(視情況而定)，行政代理可不時同意。

“可用男高音「指截至任何確定日期，就當時的基準(如適用)而言，如果基準是定期利率，則指該基準(或其組成部分)的任何期限，用於或可用於確定截至該日期的利息期的長度，並且爲免生疑問，不包括根據第1.12(D)節從」利息期“的定義中刪除的該基準的任何期限。

“自救行動“指適用的歐洲經濟區決議機構就歐洲經濟區金融機構的任何責任行使任何減記和轉換權力。自救立法“對於實施歐洲議會和歐盟理事會第2014/59/EU號指令第55條的任何歐洲經濟區成員國，指該歐洲經濟區成員國不時制定的實施法律，該法律在歐盟救助立法附表中有所描述。

“銀行徵費

“英國銀行徵稅“)以及在任何司法管轄區內徵收的任何性質相同的徵款或稅項，而該等徵款或稅項的情況或理由與英國銀行徵費是參照進行金融交易的金融機構或其他人士的權益及法律責任而徵收及/或相同的。破產法指美國法典第11條標題爲「破產」，現在和今後仍然有效，以及任何後續法規。基本費率「指任何一天的年利率波動等於(A)該日有效的聯邦基金利率加1.00%的1/2，(B)行政代理不時公開宣佈爲其」最優惠利率“的該日的有效利率和(C)(1)至過渡日期，1.00%加適用的倫敦銀行同業拆借利率中的最高者。(倫敦時間)確定兩個倫敦

“提供

“僅爲上文(C)(1)款的目的，如果公佈的利率因任何原因在此時無法獲得，則行政代理人確定的年利率是指在確定日期和時間，行政代理人的倫敦分行應倫敦銀行間歐洲美元市場主要銀行的請求，向倫敦銀行間歐洲美元市場的主要銀行提供在確定日期交付的美元存款的利率，該存款的金額大致相當於正在發放或維持的基本利率貸款，期限相當於一個月。「最優惠利率」是行政代理根據各種因素設定的利率，包括行政代理的成本和預期收益、一般經濟條件和其他因素，並用作某些貸款定價的參考點，這些貸款的定價可能是該公佈的利率，也可能高於或低於該公佈的利率。行政代理機構宣佈的該費率的任何變化，應於該變化的公告中指定的開業之日生效。基本利率貸款

““指根據基本利率計息的任何貸款。基本利率期限SOFR確定日

“具有「SOFR」一詞的定義中所給出的含義。“指與當時的基準有關的下列事件中最早發生的事件：

“(A)在「基準過渡事件」定義(A)或(B)條款的情況下，(I)公開聲明或公佈其中所指信息的日期和(Ii)該基準的管理人永久或無限期停止提供該基準(或其組成部分)的日期，或如該基準是定期利率，則該基準的所有可用基期(或其組成部分)停止提供的日期；或(B)在「基準過渡事件」定義(C)款的情況下，該基準(或用於計算該基準的已公佈組成部分)的第一個日期，或如果該基準是定期利率，則該基準的管理人(或其組成部分)的管理人或監管監管人已確定並宣佈該基準的管理人(或其組成部分)的管理人不具代表性；

“提供此類非代表性將通過參考該條款（c）中引用的最新聲明或出版物來確定，即使該基準（或其該組成部分）或，如果該基準是期限利率，則該基準（或其該組成部分）的任何可用期限在該日期繼續提供。

“爲免生疑問，如該基準爲定期利率，則在第(A)或(B)款的情況下，就任何基準而言，「基準更換日期」將被視爲在該基準(或在計算該基準時使用的已公佈部分)發生時發生的適用事件或該基準中所列事件的發生。基準過渡事件“指與當時的基準有關的以下一個或多個事件的發生：（a）該基準（或用於計算該基準的已發佈部分）的管理人或其代表的公開聲明或信息發佈，宣佈該管理人已停止或將停止提供該基準（或其該部分），或者，如果該基準是期限利率，則永久或無限期地提供該基準（或其該部分）的所有可用期限;

“提供在該聲明或發佈時，沒有繼任管理人將繼續提供該基準（或其該組成部分），或者，如果該基準是期限利率，則繼續提供該基準（或其該組成部分）的任何可用期限;

“(B)在監管監管人爲該基準(或用於計算該基準的已公佈組成部分)的管理人所作的公開聲明或信息發佈之前，聯邦儲備系統理事會、紐約聯邦儲備銀行、對該基準(或該組成部分)的管理人具有管轄權的破產官員、對該基準(或該組成部分)的管理人具有管轄權的決議機構、或對該基準(或該組成部分)的管理人具有類似破產或決議權限的法院或實體，聲明該基準(或其組成部分)的管理人已經停止或將停止提供該基準(或其組成部分)，或者，如果該基準是定期利率，則永久或無限期地提供該基準(或其組成部分)的所有可用基期；提供

在該聲明或公佈時，沒有繼任管理人將繼續提供該基準(或類似其組成部分)，或如該基準是定期利率，則該基準(或其組成部分)的任何可用基調；或(C)由該基準的管理人(或在計算該基準時使用的已公佈的組成部分)或該基準(或其組成部分)的管理人的監管主管或其代表發表公開聲明或發佈信息，宣佈該基準(或其組成部分)或(如果該基準是定期利率)該基準的所有可用承諾人(或其組成部分)不具有代表性，或截至指定的未來日期將不具有代表性。

“爲免生疑問，如該基準爲定期利率，則就任何基準而言，如已就該基準的每一當時可用基期(或用於計算該基準的已公佈組成部分)作出上文所述的公開聲明或披露資料，則該基準將被視爲已發生「基準轉換事件」。基準不可用期限

““是指自基準更換日期發生之時開始的期間(如果有)，如果在基準更換日期時，沒有基準更換就本協議項下和根據第1.12節的任何貸款文件的所有目的替換當時的基準，以及(B)結束於基準替換爲本協議項下和根據第1.12節的任何貸款文件的所有目的替換當時的基準之時。受益所有權認證

““指《受益所有權條例》所要求的關於受益所有權的證明。實益所有權監管

““指31 C.F.R.第1010.230條。《大男孩信》排除的信息

““)，(Ii)該貸款人可能無法獲得排除信息，(Iii)該貸款人獨立且不依賴於任何其他任何一方進行了自己的分析，並決定根據10.07(K)節將定期貸款轉讓給關聯貸款人，儘管它不了解排除信息；(Iv)該貸款人放棄並釋放其可能對行政代理、該關聯貸款人、本公司、任何允許的關聯母公司、任何關聯子公司以及在每種情況下，其子公司就不披露排除信息而提出的任何索賠；或(B)在其他形式和實質上令行政代理、該關聯貸款人和轉讓貸款人合理滿意。衝浪板

““指美國聯邦儲備系統理事會。賬簿管理人“指摩根大通銀行、美國銀行倫敦分行、法國巴黎銀行富通銀行倫敦分行、花旗環球市場有限公司、瑞士信貸貸款融資有限公司、德意志銀行證券有限公司、第一加勒比國際銀行(巴哈馬)有限公司、高盛美國銀行、荷蘭國際集團資本有限公司、加拿大皇家銀行、法國興業銀行倫敦分行及豐業銀行(各自以簿記管理人身分)。借款人提供指定折扣預付款

““指任何借款方根據第2.05(A)(V)(B)節的規定，以指定折扣價自願預付貸款的任何要約。借款方“指受限制團體的成員。借款人徵集折扣範圍預付款優惠

“是指任何借款方根據第2.05(A)(V)(C)節的規定，以規定的折扣範圍自願預付貸款，並由貸款人相應地接受。

“借款人徵求提前還款折扣優惠“是指任何借款方根據第2.05(A)(V)(D)節的規定，以低於票面價值的折扣價徵求並隨後接受貸款人自願預付貸款的要約(如果有的話)。

“借款人指最初的借款人和任何額外的借款人，除非該借款人已按照第10.22節的規定不再是借款人，而「借款人」是指其中任何一個

借債

“指循環信貸借款、週轉額度借款或任何定期借款，視情況而定。業務“意思是：

(A)限制集團於2020年修正案生效日開展的業務；

“(B)加強內容的提供；

(D)由一名或多名人士組成的控股公司，從事上述(A)、(B)或(C)款所述的業務和提供服務；及(E)開展上文(A)、(B)或(D)項所述的任何相關的附屬或補充業務，以及對「的引用」

業務“應以同樣方式解釋。工作日

“指根據紐約、阿姆斯特丹或倫敦的法律授權商業銀行關閉或實際上關閉的任何星期六、星期日或其他日期以外的任何日子，如果該日期與(A)任何歐洲貨幣利率貸款有關，則指同時是倫敦銀行日和(B)任何SOFR貸款的任何該等日期，指同時也是美國政府證券營業日的任何該等日期。

現金抵押品

“具有第2.03(G)節規定的含義。

“現金抵押品帳戶“指在行政代理人(或行政代理人選定的另一商業銀行)以行政代理人的名義在行政代理人的獨家管轄和控制下，以行政代理人合理滿意的方式設立的凍結帳戶，或指定爲現金抵押品帳戶並令行政代理人合理滿意的另一帳戶。

“現金抵押“指借款方或任何其他人的資產和/或股份，這些資產和/或股份不時是或被同意爲行政代理、證券託管人和/或擔保當事人的留置權的標的，以根據或根據抵押品文件來擔保債務。

“抵押品和擔保要求“指符合以下條件的要求：

“(A)所有債務(就任何擔保人而言，任何被排除的互換債務除外)應在第#條規定的期限內無條件擔保附表6.16至此，由下列受限集團的每一成員附表I

“ 至此（每一個“初始擔保人

“(B)在任何情況下，債務和擔保均應以下列方式擔保：(I)在下列規定的期限內：(I)在符合本協定和擔保品文件中另有規定的例外和限制的情況下，以擔保品文件所要求的優先順序：附表6.16

“根據第10.21節，在本公司、Sable Holding Limited、Sable International Finance Limited、Coral-US聯合借款人LLC、CWIGroup Limited、大東電報局(西印度群島)有限公司和Columbus International的所有已發行股份中，經完善的第一優先權抵押權益(須受准許留置權的規限)；及(Ii)較廣泛集團或受限集團的任何成員根據第10.21條成爲貸款方的完善的第一優先權抵押權益(須受准許留置權的規限)；及(C)債務和擔保應在第6.16節規定的時間段內，以完善的優先擔保權益(受允許留置權的限制)擔保於任何次級股東貸款之上；以及

“(D)行政代理和/或證券受託人(視情況而定)應已收到要求交付的每份抵押品文件和相關附屬文件(I)根據第6.16節、第6.18節和第10.21節(視情況而定)和(Ii)在其中指定的時間(或行政代理和/或證券受託人(視情況而定)可能商定的其他期限)，根據抵押品文件、第6.11節或第6.13節，在每種情況下，均受本協議和抵押品文件的限制和例外的限制和例外；由受限集團的每一成員和授權方(如適用)正式籤立和交付(如適用)。行政代理及/或證券受託人(視情況而定)可根據本「抵押品及擔保要求」定義的規定，批准延長完善擔保權益及交付任何經證明的股權的時間，但行政代理及/或證券受託人須與本公司磋商後合理地確定，如無不當努力或

“按本協議或抵押品文件要求的時間支付費用。爲免生疑問，前述定義不應要求，貸款文件也不應包含關於創建、完善或維持任何被排除的資產的質押或擔保權益，或對任何被排除的資產採取其他行動，或確保被排除的互換義務的任何要求。

“抵押品文件“統稱爲指根據第6.11節、第6.13節、第6.16節或第6.18節(視適用情況而定)交付給行政代理和/或證券受託人的任何質押協議、任何相關補充或再確認或其他類似協議、任何債權人間協議，以及創建或聲稱創建以行政代理和/或證券受託人爲受益人的留置權的每項其他協議、文書或文件(在每種情況下均爲擔保當事人的利益)。

“哥倫布國際“指哥倫布國際公司，根據巴巴多斯法律合併的公司及其任何及所有繼承人。.

“承諾“指循環信貸承諾或期限承諾，視上下文需要而定。

“已承諾貸款通知“指的是根據第2.02（a）條的（a）借款、（b）貸款從一種類型轉換爲另一種類型或（c）歐洲貨幣利率貸款或SOFR貸款的繼續通知，如果是書面形式，則應基本上採用

附件A

在這裏。

商品交易法

指《商品交易法》（7 U.S.C.§ 1及以下），經不時修訂，以及任何後續法規。

公司

“指C & W Senior Guarded Parent Limited及其任何及所有繼任者。公司股份質押“是指優先票據發行人和新斯科舍銀行（作爲擔保受託人）之間於2020年1月10日就公司股份進行的受開曼群島法律管轄的股票公平抵押。

“公司材料

““具有第6.01節中規定的含義。賠償期

““具有第2.12（c）（ii）條規定的含義。合規證書

““指實質上屬以下形式的證明書附件D

“在這裏。合規日期

““指每個測試期的最後一天，如果在該日滿足合規日期條件。合規日期條件

““指循環信貸風險總額超過未償還循環信貸承諾額總額的33.33%的條件，不包括(1)關於現金擔保信用證和替代信用證的L/C債務，以及(2)關於未提取信用證和替代信用證的L/C債務。合規變更「係指在使用或管理術語SOFR或使用、管理、採用或實施任何基準替代時，任何技術、行政或操作上的改變(包括改變」基本利率「的定義、」營業日「的定義、」美國政府證券營業日「的定義、」利息期“的定義或任何類似或類似的定義、確定利率和支付利息的時間和頻率、借款請求或預付款的時間、轉換或繼續通知、回顧期限的適用性和長度、違約條款的適用性，以及其他技術上的變化，行政或操作事項)，行政代理在與公司協商後決定可能是適當的，以反映任何此類費率的採用和實施，或允許行政代理以與市場慣例基本一致的方式使用和管理該費率(或者，如果行政代理決定採用若該等市場慣例的任何部分在行政上並不可行，或行政代理在與本公司磋商後確定不存在管理任何該等利率的市場慣例，則行政代理在與本公司磋商後認爲就本協議及其他貸款文件的管理而言合理地必需的其他管理方式)。

“合同義務“對任何人而言，指由該人發出的任何保證的任何規定，或該人是當事一方的任何協議、文書或其他承諾的任何規定，或該人或其任何財產受其約束的任何協議、文書或其他承諾的任何規定。

“控制受控「和」控管

“「具有附件一所列」關聯企業“的定義中所載的含義。CTA

““指英國2009年公司稅法。信貸協議爲債務再融資

“指(A)允許同等優先權再融資債務，(B)允許次級留置權再融資債務，(C)允許無擔保再融資債務或(D)借款人根據再融資修正案產生的其他債務，在每一種情況下，借款人發行、產生或以其他方式獲得(包括通過延長或續期現有債務)，以換取或延長、續期、更換、回購、退休或再融資(再融資

“全部或部分)任何現有定期貸款、循環信貸貸款(或循環信貸承諾)或額外貸款或信貸協議對債務進行再融資(再融資債務

提供(I)此類債務的本金金額不應大於再融資債務的本金金額(包括其下任何現有的未使用承諾)加上應計利息、手續費、失敗成本、保費(包括投標保費)、罰款及其類似金額以及與此類再融資相關的費用和費用(包括OID、預付費用或類似費用)，(Ii)此類債務的條款和條件(除上文第(I)款另有規定外，並與定價、保費、費用、費率下限和可選的預付款或贖回條款有關)，(A)反映發生或發行時的市場條款和條件(作爲整體)(由適用的借款人善意確定)；或(B)與本公司、任何獲准聯屬母公司及受限制附屬公司實質上相同，或(整體而言)對本公司、任何獲准聯屬母公司及受限制附屬公司並無實質上較適用於正進行再融資的債務的限制(但僅適用於該信貸協議再融資債務產生時最後到期日之後的期間的契諾或其他規定除外)，且須理解，就本第(B)款而言，就該信貸協議以定期貸款或票據的形式再融資債務的利益而增加任何財務維持契諾的範圍內，不需要行政代理或任何貸款人的同意，只要該財務維持契約也是爲了產生或發行該信貸協議再融資債務後仍未償還的每項貸款的利益而增加的，並且(Iii)如果該信貸協議再融資債務是有擔保的，則它應以與其再融資債務相同或更低的優先權作爲擔保，或者不應是無擔保的，或者，如果該再融資債務是無擔保的，則關於該債務的再融資信貸協議也應是無擔保的；此外，只要「信貸協議對債務進行再融資」可以以過渡性或其他臨時信貸安排的形式發生，而該等信貸安排旨在以長期債務進行再融資。信用延期“指以下各項：（a）借款和（b）信用證信用延期。固化量“具有第8.04(A)節規定的含義。”);

治癒過期日期“具有第8.04(A)節規定的含義。日常簡單的軟件

「指任何一天的SOFR，這一利率的慣例(將包括回顧)由行政代理與公司協商後，按照有關政府機構爲確定銀團商業貸款的」每日簡單SOFR“而選擇或建議的這一利率的慣例而制定；

提供

如果行政代理決定任何此類公約在行政上不可行，則行政代理可在與公司協商後，以其合理的酌情權制定另一公約。

債務代表

“就任何一系列債項而言，指據以發行、招致或以其他方式取得(視屬何情況而定)該等債項的契據或協議下的受託人、遺產管理代理人、抵押品代理人、證券受託人或相類的代理人，以及他們各自以該等身分的繼承人。

“債務人救濟法“指破產法和美國或其他適用司法管轄區不時生效並普遍影響債權人權利的所有其他清算、託管、破產、爲債權人利益轉讓、暫停、重新安排、接管、破產、清盤、重組或類似的債務人救濟法。

“遞減收益“具有第2.05(B)(Vii)節規定的含義。

“默認“指構成違約事件的任何事件或條件，或在發出任何通知後，經過一段時間，或兩者兼而有之，即爲違約事件。

“違約率“指(A)就基本利率貸款而言，利率等於(I)基本利率加(Ii)適用於該基本利率貸款的適用利率(如有)加(Iii)年利率2.0%；(B)就歐洲貨幣利率貸款而言，利率等於(I)適用於該貸款的利率(包括任何適用利率)加(Ii)年利率2.0%；及(C)就SOFR貸款而言，違約貸款人“除第2.17(B)節另有規定外，指行政代理(A)合理確定的任何貸款人拒絕(可以口頭或書面拒絕且未撤回)或未能履行本合同項下的任何資金義務(在合同義務範圍內)，包括就其貸款而言，或就與信用證有關的L/C義務參與的任何貸款人，替代信用證或循環額度貸款(除非該貸款人已書面通知行政代理和本公司，該失敗是由於該貸款人確定一個或多個融資先決條件未得到滿足(哪些先決條件連同適用的違約(如有)將在該書面文件中明確指出))，且拒絕或未能在拒絕或失敗之日後兩個工作日內得到糾正，(B)未能在到期之日起一個營業日內向行政代理人、任何L/信用證發行人或任何其他貸款人支付本合同規定由其支付的任何其他金額，(C)已通知本公司或行政代理它不打算履行其資金義務，或已就其資金義務發表公開聲明(除非該貸款人已以書面形式通知行政代理和公司，該不履行是由於該貸款人確定未滿足一個或多個提供資金的先決條件(哪些條件將連同適用的違約(如果有)將在該書面中具體指明)，涉及其根據本協議或其承諾提供信貸的其他協議項下的資金義務，(D)在行政代理人提出請求後三個工作日內未能履行，以令行政代理滿意的方式確認其將履行其供資義務(

“提供” (D)在收到行政代理和本公司的書面確認後，該貸款人將不再是違約貸款人，或(E)在本協議日期後，已有或具有直接或間接母公司已(I)成爲根據任何債務救濟法進行的訴訟的標的，(Ii)有接管人、保管人、受託人、管理人、爲債權人或類似的負責其業務重組或清算的人或爲其指定的託管人的利益受讓人，(Iii)採取任何行動，或表明同意，批准或默許任何此類程序或任命，或(4)成爲自救行動的標的；

“提供

“貼現提前還款接受貸款人 “具有第2.05(A)(V)(B)(2)節中賦予該術語的含義。貼現提前還款參與貸款人

““具有第2.05(A)(V)(C)(2)節規定的含義。貼現提前還款合格貸款人

““具有第2.05(A)(V)(D)(3)節規定的含義。優惠幅度“具有第2.05(A)(V)(C)(1)節中賦予該術語的含義。折扣範圍預付金額

““具有第2.05(A)(V)(C)(1)節中賦予該術語的含義。折扣幅度預付通知

““指借款人就根據第2.05(A)(V)(C)(1)節提出的折扣幅度預付款要約發出的書面通知，主要形式爲附件L

“折扣範圍提前還款優惠“指招標人的書面報價，基本上以以下形式

證據M

“，在拍賣代理收到折扣範圍預付款通知後，應提交報價的邀請提交。折扣範圍預付款響應日期

““具有第2.05(A)(V)(C)(1)節中賦予該術語的含義。”, “折扣範圍比例“具有第2.05(A)(V)(C)(3)節中賦予該術語的含義。折扣預付款確定日期“具有第2.05(A)(V)(D)(3)節中賦予該術語的含義。

“貼現預付款生效日期“指借款人根據第2.05(A)(V)(B)節、第2.05(A)(V)(C)節或第2.05(A)(V)(D)節約定的特定折扣預付款、借款人徵求折扣預付款要約或借款人徵求折扣預付款響應日期之後的五個營業日，除非借款人與拍賣代理人商定較短的期限。

“定期貸款預付款貼現“具有第2.05(A)(V)(A)節中賦予該術語的含義。被取消資格的機構指下列第(I)、(Ii)及(Iii)(A)條所指的人士(所有此等人士的名單)被取消資格的機構名單”); “)：(I)在2020年修正案生效日期之前由本公司以書面方式向行政代理確認的；(Ii)本公司在2020年修正案生效日期或之前以書面向協調人或在該日期後不時向行政代理指明的公司的競爭對手、任何獲准的關聯母公司、任何關聯子公司及其每一附屬公司(真誠的固定收益投資者或債務基金除外)；或(Iii)上文第(I)和(Ii)款所述人士的關聯公司(如屬上文第(Ii)款所述的此等人士的關聯公司，除真正的固定收益投資者或債權基金外)，或(A)由本公司在2020修正案生效日期或之前以書面方式向協調人或不時向行政代理確認，或(B)根據該關聯公司的名稱可清楚地識別爲關聯公司；提供

“如果任何人在2020年修正案生效日期之後或在該人成爲貸款人之後成爲被取消資格的機構，則將該人(及其附屬機構根據上文第(Iii)(B)款)納入爲被取消資格的機構不應追溯適用於與本協議下的任何貸款、承諾或其他權利或利益有關的先前的轉讓或參與。在行政代理向貸款人一般披露被取消資格的機構名單之前，被列入被取消資格機構名單上的這些人不應構成被取消資格的機構，用於貸款人出售貸款的參與權(相對於貸款的轉讓)；提供

“，未經本公司事先書面同意，行政代理不得向貸款人披露被取消資格的機構名單(或構成被取消資格機構的任何人的身份，除非緊隨其後的句子另有規定)。在任何貸款人(或貸款人的任何關聯公司)就本合同項下的預期轉讓或參與提出請求時，行政代理應有權(並應)向貸款人表明該準受讓人或參與者的姓名是否當時出現在取消資格的機構名單上。儘管有上述規定，本公司仍可自行決定不時以書面通知行政代理將任何實體從被取消資格機構名單中刪除(或以其他方式修改該名單以將任何特定實體從被取消資格機構名單中剔除)，而該被刪除或被排除在被取消資格機構名單中的實體將不再是本協議或任何其他貸款文件所規定的任何目的的被取消資格機構。

“被取消資格的機構名單具有「不符合資格的機構」的定義所載的涵義。

“美元「和」“指的是美國的合法貨幣。美元等值

““具有附件一中賦予該術語的含義。國內子公司

““指根據美國、其任何州或哥倫比亞特區的法律組建的本公司或獲准關聯母公司的任何子公司。雙重徵稅條約

““就貸款利息的支付而言，指聯合王國政府與任何其他政府之間爲避免對收入及資本利得稅雙重課稅而訂立的任何協定或協定，而該協定或協定是就豁免聯合王國就利息徵收的稅項作出規定的。“就任何人而言，指該人的所有股份、權益、權利、參與者或其他同等物（無論如何指定）股本（或其他所有權或利潤權益或單位），以及從該人購買、收購或交換上述任何內容的所有期權、期權或其他權利（包括通過可轉換證券）。

“ERISA“指1974年《僱員退休收入保障法》，並不時修訂。

“ERISA附屬公司“指與貸款方在守則第414(B)或(C)節或ERISA第4001節(以及就與守則第412節有關的規定而言，以及守則第414(M)和(O)節)所指的共同控制下的任何貿易或業務(不論是否註冊成立)。

“ERISA事件(E)提交終止意向通知，根據《僱員退休保障條例》第4041或4041a條將養卹金計劃或多僱主計劃修正案視爲終止，或PBGC啓動終止養卹金計劃或多僱主計劃的程序；。(F)根據《僱員退休保障條例》第4042條構成理由並可合理預期導致終止任何養卹金計劃或多僱主計劃或指定受託人管理任何養卹金計劃或多僱主計劃的事件或條件；。(G)就養老金計劃而言，未能滿足《守則》第412和430節或ERISA第302節的最低籌資標準，不論是否放棄；(H)發生非豁免的禁止交易(《守則》第4975節或ERISA第406節所指的交易)，可能導致對貸款方承擔重大責任；或(I)根據ERISA第四章規定的任何責任，但根據ERISA第4007節到期但不拖欠的PBGC保費，對貸款方或ERISA任何附屬公司施加的責任除外。第三方託管帳戶“指存放和持有代管收益的任何代管帳戶。歐盟自救立法時間表"是指貸款市場協會（或任何繼承人）發佈的不時有效的歐盟紓困立法表。歐洲貨幣匯率“是指，在歐洲貨幣利率貸款的任何利息期內，年利率等於(I)洲際交易所基準管理LIBOR利率，或者，如果洲際交易所基準管理機構不再提供LIBOR利率，則爲在銀團貸款融資的當前市場上被廣泛認爲是其繼任者的其他年利率，其規模類似於貸款安排，並以與該安排相同的貨幣(或者，如果當時不存在這種廣泛承認的、當時流行的可比繼承市場，則由管理代理決定的替代指數利率，爲免生疑問，無需與貸款人或任何其他融資方協商或尋求任何同意或指示)經適用借款人同意(在每個情況下均合理行事)(就本條(A)項而言，“

“倫敦銀行同業拆借利率(倫敦時間)在美元存款報價日(在該利息期的第一天交付)，其期限相當於該利息期，或(Ii)如果公佈的利率因任何原因在該時間段不可用，則該利息期的「歐洲貨幣利率」應爲行政代理確定的年利率，即在該利息期的第一天交付的美元存款的利率，大約相當於

“行政代理倫敦分行將在上午11點左右應主要銀行的要求，向倫敦銀行間歐洲美元市場的主要銀行提供正在發放、繼續發放或轉換的歐洲貨幣利率貸款，貸款期限相當於上述利息期。(倫敦時間)報價日；提供

“(A)對於b-5期限貸款，歐洲貨幣利率每年不得低於0.00%；(B)對於任何額外貸款，歐洲貨幣利率不得低於相關附加貸款加入協議、再融資修正案或延期修正案(視情況而定)中所述的利率。即使第10.01款有任何相反規定，上文第(I)款中描述的修改應在無需任何貸款人或任何其他金融方的進一步行動或同意的情況下生效。歐洲貨幣利率貸款

““指以歐洲貨幣利率計息的任何貸款。延長循環信貸承諾

““具有第2.16（b）條規定的含義。延長期限貸款

““具有第2.16（a）條規定的含義。展期貸款人“是指任何延長循環信貸發票和任何延長期限發票。.

“延長循環信貸貸款人“具有第2.16（c）條規定的含義。展期定期貸款人“具有第2.16（c）條規定的含義。

“延拓“指通過根據第2.16條和適用的延期修正案修改貸款來建立延期系列。

“延期修正案“具有第2.16（d）條規定的含義。

“延期選舉“具有第2.16（c）條規定的含義。

“延期最低條件“是指完成任何延期的一個條件，即提交任何或所有適用類別的最低金額（由適用借款人全權決定，在相關延期請求中確定和指定）進行延期。

“延期請求“指任何定期貸款延期請求或左輪手槍延期請求（視具體情況而定）。

“擴展系列“指任何定期貸款延期系列或Revolver延期系列，視情況而定。設施“指特定類別的定期貸款或循環信貸承諾，視情況而定。「FATCA」指截至本協議之日的《守則》第1471至1474條(或實質上具有可比性且遵守起來並不繁瑣的任何修訂或後續版本)、任何現行或未來的條例或對其的官方解釋、根據《守則》第1471(B)(1)條訂立的任何協議以及根據政府當局之間的任何政府間協議、條約或公約通過的任何財政或監管立法、規則或慣例，並執行《守則》的這些章節。FATCA扣除額“指根據FATCA要求的貸款單據從付款中扣除或扣留的款項。

聯邦基金利率

““指紐約聯邦儲備銀行按紐約聯邦儲備銀行不時在其公共網站上列出並在下一個營業日由紐約聯邦儲備銀行公佈爲聯邦基金實際利率的方式，就任何一天而言，由紐約聯邦儲備銀行根據該日存款機構的聯邦基金交易計算的利率；提供

“(A)如果該日不是營業日，則該日的聯邦基金利率應爲在下一個營業日的下一個營業日公佈的該等交易的利率，以及(B)如果在該下一個營業日沒有公佈該利率，則該日的聯邦基金利率應爲行政代理人在該日就該等交易收取的平均利率(如有必要，向上舍入至1/100的1%的整數倍)。融資方$「指行政代理、證券託管人、安排人、賬簿管理人和貸款人，而」金融方“指他們中的任何一個。

“財務契約“具有第7.02節規定的含義。

“循環信貸承諾財務契約指(A)初始循環信貸承諾及(B)本公司在附加融資協議、再融資修訂、延期修訂或其他條款中指定的任何其他循環信貸承諾或

“惠譽

““指惠譽評級公司及其任何繼任者。地板

““指適用的附加貸款合併協議、延期修正案、再融資修正案或其他適用貸款文件中所規定的(I)b-5期限貸款的年利率爲0.00%，(Ii)b-6期限貸款的年利率爲0.00%，以及(Iii)任何其他類別貸款的利率(如果適用)。外國子公司

““指本公司的任何直接或間接附屬公司，或獲准關聯母公司的任何直接或間接附屬公司，在任何情況下均不是國內附屬公司。正面曝光

““是指在任何時候發生違約的貸款人，(A)對於L/C出票人，該違約貸款人的比例份額或根據本協議提供的與信用證有關的L/C未償債務的其他適用份額，但該違約貸款人的參與義務已被重新分配給其他貸款人或根據本協議條款質押的現金除外，(B)對於迴轉額度貸款人，公認會計原則

““指美利堅合衆國普遍接受的會計原則，自2020年修正案生效之日起生效，或就附件二第4.03節而言，不時生效；提供

“在2020年修訂生效日期之後的任何日期，本公司可作出選擇，以確定「公認會計原則」應指在該等選擇日期或之前生效的公認會計原則。除非下文或本協議另有明確規定，否則本協議中包含的所有基於GAAP的比率和計算均應按照GAAP計算。在2020年修訂生效日期之後的任何時間，公司可以選擇在本協議的所有目的上應用國際財務報告準則，以代替公認會計准則，一旦選擇，此處提及的國際財務報告準則將被解釋爲在2020年修訂生效日期有效的國際財務報告準則；提供

“根據公司的選擇(A)繼續按照公認會計准則(提供

“在這種選擇之後，附件二第4.03(A)(1)節和第4.03(A)(2)節所要求的年度和季度信息應在其腳註或隨之提交的另一份報告中包括一項對賬，即(A)將這種GAAP列報與「國際財務報告準則」中的財務信息列報相對應，或(B)按照「國際財務報告準則」計算，並具有追溯力，假定這種選擇是在2020年修正案生效之日作出的。其後，本公司可選擇採用GAAP或IFRS，並根據GAAP或IFRS(視何者適用而定)計算所有比率、計算及其他厘定，所有均以此GAAP定義的前述條文爲基礎。政府權威

“指任何適用的國家或政府、其任何國家或其他政體、任何機構、當局、機構、監管機構、法院、行政法庭、中央銀行或行使政府的或與政府有關的行政、立法、司法、稅務、監管或行政權力或職能的其他實體(包括任何超國家機構，如歐洲聯盟或歐洲中央銀行)。

“授信貸款人“具有第10.07(H)節規定的含義。

“擔保債務“具有第11.01節中規定的含義。

“擔保人“係指(A)初始擔保人和(B)根據第6.11節或第10.21(C)節成爲擔保人的較大集團或受限集團的每一成員；

“提供即使有任何相反的情況，在任何額外的借款人是「美國」的情況下，

“在《守則》第7701(A)(30)條(或其任何後續條款)所指的「個人」中，(X)氟氯化碳、(Y)氟氯化碳控股公司或(Z)氟氯化碳或氟氯化碳控股公司的直接或間接子公司的任何人均不需要成爲擔保人。爲免生疑問，在遵守第10.21條的前提下，公司可自行決定，使非擔保人的更廣泛的集團或受限制集團的任何成員以行政代理合理滿意的形式和實質簽署本協議，從而保證義務，而任何此等人士在所有目的下均應爲本協議的擔保人和借款方。擔保

““統稱擔保人根據本協議對義務的擔保。危險材料

““指任何形式的材料、污染物、污染物、化學品、化合物、成分、物質或廢物，包括石油或石油蒸餾物、石棉或含石棉材料、多氯聯苯、氡氣、黴菌、電磁無線電頻率或微波輻射，這些物質或廢物根據環境法受到管制，或可能導致根據環境法承擔責任。對沖銀行

“及(C)根據該等債權人間協議的規定，作爲對沖交易對手(按該協議的定義或類似定義)而成爲或已成爲任何適用的債權人間協議的一方，前提是該債權人間協議考慮對沖交易對手成爲該協議的一方。榮譽日期“具有第2.03(C)(I)(A)節規定的含義。確定的貼現提前還款參與貸款人

“具有第2.05(A)(V)(C)(3)節規定的含義。已確定的貼現預付款合格貸款人

“國際財務報告準則“指國際會計準則理事會及其前身發佈的、自2020年修正案生效之日起生效的會計準則。

“知識產權“指專利、專利申請、商標、商號、服務標誌、著作權、技術、商業祕密、專有信息、域名、訣竅和目前進行的貸款方開展業務所必需的程序。債權人間協議“係指(1)現有的債權人間協議和(2)任何附加的債權人間協議(在每種情況下均以有效的範圍爲限)。

“付息日期“指(A)就任何歐洲貨幣利率貸款和任何SOFR貸款而言，指適用於該貸款的每一利息期的最後一天以及作出該貸款的貸款的到期日；

“提供提供

“利息期” “指每筆歐洲貨幣利率貸款和每筆SOFR貸款，自該歐洲貨幣利率貸款或SOFR貸款被支付或轉換爲或繼續作爲歐洲貨幣利率貸款或SOFR貸款繼續之日起至之後1個月、3個月或6個月(對於循環信用貸款而言，不到1個月)(在每種情況下，視情況而定)結束的期間或相關借款人在其承諾貸款通知中選擇並經行政代理同意的其他期間(無需貸款人的任何進一步同意或指示)

“；提供本應在與有關定期貸款有關的預定還款日期之前的一個月內結束或延展至該預定還款日期之後的任何利息期限，須在有需要時在該還款日期結束，以確保在有關貸款下有利息期間在有關還款日期結束的總款額足以令該筆還款在該還款日期到期；

“提供進一步

“，即：(A)本應在非營業日結束的任何利息期應延長至下一個營業日，除非該營業日適逢另一個歷月，在這種情況下，該利息期間應在緊接的前一個營業日結束；

“(C)任何利息期限不得超過適用的到期日；以及

“(D)根據第1.12(D)節從本定義中刪除的任何期限不得用於在該承諾貸款通知中指定。知識產權

““具有第5.15節中規定的含義。愛爾蘭

““指愛爾蘭共和國。美國國稅局

““指美國國稅局。愛爾蘭借款人

““指爲納稅目的在愛爾蘭居住的任何借款人，或者爲愛爾蘭納稅目的而根據貸款支付的任何借款人將被視爲愛爾蘭來源。愛爾蘭銀行貸款機構

““指愛爾蘭合格貸款人定義(A)和(B)段所指的愛爾蘭合格貸款人。愛爾蘭非銀行貸款機構

““指愛爾蘭合格貸款人定義(C)至(I)段所指的愛爾蘭合格貸款人。愛爾蘭資格賽

““指就一項參與貸款的利息的支付而言，指受益地有權獲得應付給貸款人的利息的人，並且是：(A)申請在愛爾蘭經營真正銀行業務的銀行(就《愛爾蘭銀行條例》第246(3)(A)條而言)，而其貸款辦事處位於愛爾蘭；或

“(B)根據2013/36/EU指令的條款批准認可信貸機構，並已在愛爾蘭正式設立分行，並已就其在愛爾蘭經營銀行業務的意向向其所在州主管當局發出所有必要的通知，且愛爾蘭稅務專員承認該信貸機構在愛爾蘭經營真正的銀行業務(就《愛爾蘭稅務局》第246(3)條而言)；或(C)註冊爲《三合會》第246條所指的法人團體：

“(I)爲徵稅目的而在有關地區居住的居民(就此而言，居住地應根據貸款人聲稱居住的有關地區的法律確定)，該有關地區徵稅這一般適用於法人團體在有關領土以外從該領土以外的來源應收的利息；或

“(2)提供以下服務：(A)爲稅務目的，根據愛爾蘭與貸款人居住國之間生效的條約，對根據貸款支付的利息免徵所得稅；或

“(D)註冊一家美國公司，而該公司的全球收入須在美國繳稅；或

(E)收購美國有限責任公司，但支付給它的利息的最終接受者是符合本定義(C)、(D)或(F)段規定的愛爾蘭合格貸款人，並且通過美國有限責任公司進行的業務的結構是出於市場原因而不是避稅目的；或

“但在(C)、(D)、(E)或(F)項中，貸款人並非通過與利息支付有關的機構或分支機構在愛爾蘭經營貿易或業務；或(G)註冊一家符合資格的公司(《TCA》第110條所指的公司)，其貸款辦事處設在愛爾蘭；或

“(H)設立投資企業(《條約》第7390億條所指的)，其貸款辦事處設在愛爾蘭；或(J)爲愛爾蘭企業所得稅的目的而在愛爾蘭居住的公司，其借貸辦事處設在愛爾蘭，而該公司：(I)在貿易的正常過程中墊付款項，包括放貸；。(Ii)在其手中就如此墊付的款項而應付的任何利息，包括就其墊付的任何資助額而須支付的任何利息或折扣，在計算其交易收入時已被或將會計算在內；及。(Iii)已遵守經修訂的《愛爾蘭企業所得稅條例》第246(5)(A)條的所有規定，包括根據該條作出適當的通知；或。(K)成立一個愛爾蘭條約貸款人。

“愛爾蘭條約收件箱

“愛爾蘭條約國「指與愛爾蘭訂有雙重課稅條約的司法管轄區(a」

“條約“)，其中規定完全免徵愛爾蘭對債務債權利息或收入徵收的稅款。

ISP

“就任何信用證或替代信用證而言，係指由國際銀行法與慣例協會出版的「1998年國際備用慣例」(或在簽發時有效的較新版本)。發行人單據

““是指任何信用證或替代信用證、信用證申請書，以及由相關的L/信用證發行人或相關的替代L/信用證發行人(如適用)與有關借款人(或該借款人的任何子公司)或以相關的L/信用證發行人或相關的替代L/信用證發行人(視何者適用而定)爲受益人而訂立的任何其他文件、協議和票據。伊塔

““係指英國2007年所得稅法。L/C預付款

“L/C借款

““是指任何信用證項下提款而產生的信用延期，該提款在作爲循環信用借款的開立或再融資之日尚未得到償還。L/C信用展期“就任何信用證或替代信用證而言，是指開立或延長其有效期，或續期或增加其金額。信用證出票人L/信用證的義務“是指在任何確定日期，所有未清償信用證和替代信用證項下可提取的總金額加

“所有未償還金額的總和，包括所有L/信用證借款，以及包括所有替代L/信用證借款在內的所有提取金額的總和。爲了計算任何信用證或替代信用證項下可提取的金額，此類信用證或替代信用證的金額應按照第1.08節確定。就本協議的所有目的而言，如果信用證或替代信用證在任何確定日期已按其條款過期，但由於互聯網服務提供商規則3.14的實施，仍可根據信用證或替代信用證提取任何金額，則該信用證或替代信用證應被視爲「未清償」可供提取的剩餘金額。最遲到期日

““指在任何決定日期，就指明的貸款或承諾(或在沒有任何該等說明的情況下，指本協議項下的所有未償還貸款和承諾)，指在該時間適用於本協議項下任何該等貸款或承諾的最新到期日。法律

“「指所有國際、外國、聯邦、州和地方法規、條約、規則、準則、條例、條例、法典、判決、命令、法令、決定、決定和行政或司法先例或當局，包括負責執行、解釋或管理的任何政府當局對其進行的解釋或管理，以及任何政府當局適用的所有行政和行政命令、指示職責、請求、許可證、授權和許可以及與其達成的協議，而」法律“是指其中任何一項。出借人

“具有本協議導言段落中規定的含義(爲避免疑問，包括每個術語b-6貸款人)，並根據上下文需要，包括L信用證發放人、L信用證替代者、擺動額度貸款人、任何初始附加貸款貸款人、根據轉讓與假設或再融資修正案成爲貸款人的任何人，以及本協議允許的其各自的繼承人和受讓人，每一個人在本文中被稱爲「貸款人」。出借處對任何貸款人而言，指貸款人管理問卷中所描述的貸款人的一個或多個辦公室，或貸款人可能不時通知公司和行政代理人的其他一個或多個辦公室，該辦公室可包括該貸款人的任何關聯公司或任何該貸款人或其附屬機構的國內或國外分支機構。除文意另有所指外，凡提及貸款人時，應包括其適用的貸款辦公室。

信用證

““指根據本協議就一種或多種循環信貸承諾開具的任何信用證，但替代信用證除外。信用證可以是商業信用證，也可以是備用信用證；提供

“信用證申請書

““指開立或修改信用證或替代信用證的申請和協議，其格式應爲有關的L/信用證發行人或L/信用證的替代發行人(視情況而定)。信用證到期日

““就任何信用證或替代信用證而言，是指在當時對參與循環信貸承諾有效的預定最新到期日之前五個工作日的日期(考慮將在該到期日或之前自動生效的任何有條件參與循環信貸承諾的到期日(或，如果該日不是營業日，則爲之前的下一個營業日))。信用證昇華

“數額等於(I)150,000,000 GB(或其等值美元)(或借款人與有關的L/C發行人根據第2.03(K)節可能商定的較大數額)和(Ii)參與循環信貸承諾的總額，兩者以較小者爲準；及(B)對於任何類別的任何其他循環信貸承諾，(I)借款人與有關L/C發行人根據規定議定的金額第2.03(K)和(Ii)節中的此類參與循環信貸承諾。每份適用的信用證昇華是適用的參與循環信貸承諾的一部分，而不是補充。「自由拉丁美洲」

““指Liberty拉丁美洲有限公司及其任何和所有繼承人。倫敦銀行同業拆借利率

“「具有」歐洲貨幣匯率“定義第(A)款所述的適用含義，視上下文需要而定。貸款

“穆迪“指穆迪投資者服務公司及其任何繼承人或受讓人。

“多僱主計劃“指貸款方或任何ERISA關聯公司作出或有義務作出貢獻的，或在前六個計劃年度內作出或有義務作出貢獻的任何僱員福利計劃，屬於ERISA第4001(A)(3)節所述類型，但須受ERISA第四章的規限。新貸款人.

““具有第10.07(A)節規定的含義。未經同意的貸款人

“具有第3.12節中規定的含義。

“非違約貸款人“在任何時候，都意味着不是違約通知的通知。

“未到期的信貸承諾“具有第2.04(G)節規定的含義。

“不延期通知日期“具有第2.03(B)(Iii)節規定的含義。

“注意

“義務“指所有(A)根據任何貸款單據或就任何貸款、信用證或替代信用證(包括以假設方式取得的貸款、信用證或替代信用證)而對任何貸款方產生的墊款及其債務、債務、義務、契諾和義務，不論是直接的或間接的、到期的或有的、到期的或即將到期的、目前存在的或以後產生的，幷包括任何貸款方在根據任何債務救濟法提起的、將該人列爲該訴訟中債務人的訴訟開始後應計的利息和費用，不論此類利息和費用是否被允許，(A)在該訴訟中的債權和(B)任何有擔保的對沖協議或任何金庫服務協議項下任何貸款方的義務。在不限制上述一般性的情況下，貸款當事人在貸款文件下的義務包括(I)支付本金、利息、信用證或替代信用證費用、償還義務、收費、費用、律師費、賠償金和任何貸款文件項下任何貸款方應支付的其他金額的義務(包括擔保義務)，以及(Ii)任何貸款方有義務償還任何貸款人可自行決定代表該貸款方支付或墊付的任何前述款項。

“出價金額

“在任何類別的循環信貸承諾的情況下，如果此類承諾已經終止，則每個貸款人的按比例份額應根據緊接在終止之前和在生效後的任何隨後的根據本合同條款進行的轉讓；

“提供進一步

“如果任何貸款人已就任何類別的循環信貸承諾簽發了替代信用證，只要該替代信用證未償還，該貸款人的相關循環信貸承諾應減去該替代信用證的面值總額(符合第2.03(C)(2)(B)(2)節的規定)。繼續進行“具有第10.05節中規定的含義。“具有第10.21(C)節規定的含義。合格的ECP擔保人“

“合資格股權“指不屬於不合格股票的任何股權。合格作業“指與貸款有關的對關聯貸款人的任何貸款轉讓，並且在轉讓後，關聯貸款人在初始轉讓給關聯貸款人的15個工作日內將該貸款下的相關貸款轉讓給非關聯貸款人的其他貸款人；,提供未發生違約事件，且違約事件仍在繼續。

報價日

“指就任何將厘定利息的期間而言，指該期間第一天前兩個營業日，除非有關銀行間市場對一種貨幣的市場慣例有所不同，在此情況下，該貨幣的報價日將由行政代理根據有關銀行間市場的市場慣例決定(如有關銀行同業市場的主要銀行通常會在多於一天作出報價，則報價日爲該日中的最後一日)。

不動產

“具有第2.05(B)(I)節規定的含義。

“拒收通知“具有第2.05(B)(Vii)節規定的含義。

“相關受償人“行政代理人、證券受託人、貸款人、安排人或賬簿管理人是指(A)該人的任何控制人或受控制聯營公司，(B)該人或其任何控制人或受控制聯營公司各自的董事、高級人員或僱員，以及(C)該人或其任何控制人或受控制聯營公司的各自代理人或代表，就本條(C)而言，代表該人、受控人或受控制聯營公司或按其指示行事；

“提供本定義中對受控關聯公司、董事、高級管理人員或員工的每次提及均與參與本協議和設施的談判或辛迪加的受控關聯公司、董事、高級管理人員或員工有關。

“關聯方“就任何人而言，指該人的關聯公司以及該人及其關聯公司的合夥人、董事、高級官員、僱員、代理人、受託人、管理人員、經理、顧問和代表。

“發佈“指任何溢出、泄漏、滲漏、抽水、傾倒、排放、排空、排放、注入、逃逸、淋濾、傾倒、處置、沉積、分散或在環境中、進入、進入或通過環境中遷移。

“被釋放的擔保人“具有第11.09節規定的含義。

“相關政府機構“指聯邦儲備系統理事會或紐約聯邦儲備銀行理事會，或由聯邦儲備系統理事會或紐約聯邦儲備銀行理事會或其任何繼任者正式認可或召集的委員會。

相關銀行間市場

“指倫敦銀行間市場或適用於以可用貨幣提取的任何貸款的其他銀行間市場。

相關地區

“意思是：

(A)成爲歐洲共同體成員國(愛爾蘭除外)；或

替換定期貸款

“具有第10.01節規定的含義。

置換定期貸款

“具有第10.01節規定的含義。

可報告的事件

“指ERISA第(4043)(C)節或根據其發佈的條例所列的任何事件，但因法規或PBGC以其他方式免除了原本適用的通知期的事件除外。

“指(A)基本上同時進行的所有或部分b-5期貸款的預付、償還、再融資、替代或替換，或將b-5期貸款的收益轉換爲向銀行和其他機構投資者廣泛銷售或辛迪加的有擔保長期貸款的任何新的或替代部分。

平價通行證

在b-5期限貸款中的付款權利，這些貸款以a的抵押品爲抵押

平價通行證

“提供

“任何b-5期貸款的任何再融資或再定價不構成重新定價交易，如果此類再融資或再定價與(I)會導致控制權變更的交易、(Ii)首次公開發行、(Iii)股息資本重組、(Iv)本協議允許或不禁止的重大收購或投資(或與此相關的貸款和承諾的任何相關增加)有關，(V)本協議允許或不禁止的重大處置(根據本公司或獲准關聯母公司的善意判斷)(或與此相關的任何與之相關的貸款和承諾的增加)。行政代理就上述(A)和(B)款所作的任何決定應是決定性的，並對所有貸款人具有約束力，行政代理不對任何此等人在沒有惡意、重大疏忽或故意不當行爲的情況下對該決定承擔責任。信用延期申請“係指(A)就定期貸款或循環信用貸款的借款、延續或轉換(視情況而定)而言，是指承諾貸款通知；(B)就L/C信用證延期而言，是指信用證申請；以及(C)就回旋額度貸款而言，是指回旋額度貸款通知。所需班級貸款人

“「指截至任何確定日期，就某一類別而言，貸款人擁有以下各項之和的50%以上：(A)構成該類別的一項或多項貸款項下的未償還貸款總額(根據行政代理人的計算，各貸款人在該項貸款項下與信用證和週轉額度貸款有關的L/C義務中的風險參與和資金參與的總金額，視情況而定，在本定義中視爲由該貸款人」持有“)和(B)構成該類別的一項或多項貸款項下未使用的承付款總額；提供

“在決定所需的類別貸款人時，須將任何違約貸款人持有或被視爲持有的一項或多項該等貸款的未用承諾額及該等貸款項下未使用的貸款總額的部分剔除；提供

“進一步，爲確定第10.07(M)節所述的所需類別貸款人，應排除任何關聯貸款人的貸款；

“提供進一步

“根據第2.05(A)節(如果該通知是無條件且不可撤銷的)或第2.05(B)節(只要適用的貸款人沒有根據第2.05(B)(Vii)節拒絕預付款的收益)，任何已按照第2.05(A)節(如果適用)交付取消或預付款通知(視情況而定)的承諾或貸款應被排除，以確定所需的類別貸款人；提供

“進一步，如果任何取消或預付款沒有在相關預付款或取消通知中指定的日期進行，則考慮任何相關融資下的任何該等承諾或貸款的要求應自交付該預付款或取消通知之日起恢復追溯效力。

“所需的貸款人「指截至任何確定日期，貸款人擁有以下各項總和的50%以上：(A)未償還貸款總額(根據本定義，每個貸款人對L/C信用證和週轉額度貸款的風險參與和資金參與的總額，在本定義中被視爲由該貸款人」持有“)，(B)未使用的定期承付款總額和(C)未使用的循環信貸承付款總額；

“提供爲確定所需貸款人，任何違約貸款人的未使用的定期承諾和未使用的循環信貸承諾，以及其持有或被視爲持有的未償還貸款總額部分應不包括在內；提供進一步

“，爲了確定第10.07(M)節規定的所需貸款人，任何關聯貸款人的貸款應被排除在外；提供

“進一步那就是

“SOFR管理員“指紐約聯邦儲備銀行（或擔保隔夜融資利率的繼任管理人）。

“SOFR借款“就任何借款而言，是指構成此類借款的SOFR貸款。

SOFR貸款

““指按調整期限SOFR利率（「基本利率」定義的（c）條除外）計算利息的貸款。請求的折扣比例“具有第2.05（a）（v）（D）（3）條中規定的含義。徵集貼現預付款金額

““具有第2.05（a）（v）（D）（1）條中規定的含義。徵求折扣預付款通知

““指相關借款人根據第2.05（a）（v）（D）條發出的徵求折扣預付款要約的書面通知，基本上以以下形式發出附件N

“徵求折扣預付款優惠“指每個投標人的書面報價，基本上以以下形式

附件Q，在行政代理收到徵求折扣預付款通知後提交。

“請求折扣預付款響應日期“具有第2.05（a）（v）（D）（1）條中規定的含義。

“溶劑「和」

“償付能力在任何時候，任何或有負債的數額應按合理預期將成爲實際和到期負債的數額計算。

“程控“具有第10.07(H)節規定的含義。

“指定折扣預付款金額“具有第2.05(A)(V)(B)(1)節規定的含義。

“指定折扣預付款通知“指適用借款人根據第2.05(A)(V)(B)節提出的主要以下列形式提供的指定折扣預付款的書面通知

“附件P指定的折扣預付款響應

““是指每個收件箱的書面答覆，基本上以以下形式附件R

“，至指定折扣預付款通知。指定的折扣預付款響應日期

指定的折扣比例“具有第2.05(A)(V)(B)(3)節規定的含義。

“英鎊「和」

““指英國的合法貨幣。提交金額

““具有第2.05（a）（v）（C）（1）條中規定的含義。提交的折扣

““具有第2.05（a）（v）（C）（1）條中規定的含義。交換

“指構成《商品交易法》第1a（47）條含義內的「掉期」的任何協議、合同或交易。互換義務”

“對於任何人來說，指根據任何掉期支付或履行的任何義務。搖擺線借用

““指根據第2.04條借入Swing Line貸款。搖擺線收件箱

““指新斯科舍銀行和任何相關參與循環信貸貸方，根據第2.04（h）條同意成爲Swing Line貸方，在每種情況下，均以Swing Line Loans或任何後續Swing Line貸方的身份作爲Swing Line貸方的提供者。擺動額度貸款

““具有第2.04（a）節中規定的含義。週轉額度貸款通知

““指根據第2.04（b）條發出的搖擺線借用通知，如果是書面形式，則主要採用以下形式附件B

“在這裏。擺動線條註釋

““指由相同類型的b-5期貸款組成的借款，在歐洲貨幣利率貸款或SOFR貸款的情況下，具有每個b-5期貸款人根據第2.01(A)節提供的相同的利息期。術語b-5合併

““指與b-5期貸款承諾有關的附加貸款加入協議，由b-5期貸款人作爲附加貸款提供給原共同借款人。術語b-5

““指在任何時候有b-5期限貸款承諾或b-5期限貸款的任何貸款人。B-5期貸款

““指b-5定期貸款人根據第2.01(A)節向任何借款人發放的定期貸款，因爲此類貸款可根據第2.14節的條款增加。B-5期貸款承諾

““對於每個b-5期貸款人來說，是指其根據第2.01(A)節向任何借款人提供b-5期貸款的義務，總金額不得超過登記冊中與該貸款人名稱相對的金額，或該b-5期貸款人成爲本協議一方所依據的轉讓和假設中所列的金額，視適用情況而定，該金額可根據本協議不時調整。截至2023年修正案生效日期，b-5期限貸款承諾總額爲0美元。B-5期貸款再融資

“「具有2024年延期修正案中賦予術語」b-5貸款再融資“的含義。條款b-6可用期

““指自2021年附加貸款生效日期起至(包括)2021年附加貸款生效日期後45個工作日的期間，或原始共同借款人與條款b-6貸款人商定的其他日期。術語b-6合併

““指與b-6期貸款承諾有關的附加貸款加入協議，由b-6期貸款人作爲附加貸款提供給原共同借款人。B-6期貸款機構

““指在任何時候有b-6期限貸款承諾或b-6期限貸款的任何貸款人。B-6期貸款

““指定期b-6貸款人根據第2.01(A)節向任何借款人發放的定期貸款，因爲此類貸款可根據第2.14節的條款增加。B-6期貸款承諾

“證明該借款人因該定期貸款人發放的定期貸款而欠該定期貸款人的債務總額。術語較軟

““意思是，（a）對於有關SOFR貸款的任何計算，期限的SOFR期限參考利率與當天（該日，“

“週期期限SOFR確定日“)即在該利息期的第一天之前的兩(2)個美國政府證券營業日，因爲該利率由術語SOFR管理人公佈；

提供

然而，，如果截至5：下午00點（紐約市時間）在任何定期期限SOFR確定日，期限SOFR管理人尚未公佈適用期限的期限SOFR參考利率，並且尚未出現有關期限SOFR參考利率的基準替換日期，則SOFR期限將是SOFR期限管理人在美國政府證券營業日前一個日發佈的該期限的SOFR期限參考利率，而該期限的SOFR期限參考利率是由SOFR期限管理人發佈的，只要美國政府證券營業日前一個日不超過三（3）該定期期限SOFR確定日之前的美國政府證券營業日;以及（b）對於任何一天的基本利率貸款的任何計算，當天一個月期限的SOFR參考利率（該日，“基本利率期限SOFR確定日“)即在該日之前兩(2)個美國政府證券營業日，因爲該利率是由術語SOFR管理人公佈的；

提供然而，，如果是在下午5：00(紐約市時間)在任何基本利率期限SOFR確定日，適用期限SOFR管理人尚未發佈適用期限SOFR參考利率，並且關於期限SOFR參考利率的基準替換日期尚未出現，則期限SOFR將是期限SOFR管理人在之前的第一個美國政府證券營業日公佈的該期限的SOFR參考利率，只要該期限SOFR管理人在美國政府證券營業日之前的第一個美國政府證券營業日的SOFR參考利率不超過該基本利率期限SOFR確定日之前三(3)個美國政府證券營業日。期限SOFR調整“對於基本利率貸款或SOFR貸款的任何計算，是指適用的這類貸款的年利率如下所述：

(A)關於根據2021年擴展的b類循環信貸承諾和2024年擴展的b類循環信貸承諾、2021年擴展的b類循環信貸承諾和2024年擴展的b類循環信貸承諾發放的b-5期貸款、b-6期貸款和循環信貸貸款

“(B)對適用的附加貸款合併協議、延期修正案、再融資修正案或其他適用貸款文件中規定的任何其他類別的貸款進行擔保。

“附件G在這裏。

“未報銷金額“具有第2.03(C)(I)(A)節規定的含義。

“《美國愛國者法案》“是指2001年《通過提供攔截和阻止恐怖主義所需的適當工具來團結和加強美國法案》，公共法107-56。

“美國政府證券營業日“指除(A)星期六、(B)星期日或(C)證券業和金融市場協會建議其會員的固定收益部門全天關閉以進行美利堅合衆國政府證券交易的任何一天。

“增值稅“係指(A)1994年《增值稅法案》規定的增值稅和根據歐洲聯盟成員國實施的關於增值稅共同制度的理事會第2006/112/EC號指令徵收的任何其他類似性質的稅；以及(B)任何類似性質的任何其他稅收，不論是在歐洲聯盟成員國徵收以取代或附加於上述(A)款所述的此類稅收，還是在其他地方徵收。

“加權平均壽命至成熟期“指在任何日期適用於任何債務的年數，除以：(A)下列各項的乘積之和：(1)每筆當時剩餘的定期分期付款、償債基金、連續到期日或其他所需定期支付的本金的數額，包括按最終預定到期日付款，和(2)該日期和支付該債務之間的年數(計算至最接近的十二分之一)；(B)該債務當時的未償還本金金額；

“提供就厘定任何債務的加權平均年限至到期日而言，在作出該等計算時，不應計入在厘定日期前就該等債務所作的任何攤銷或預付款項的影響。

“更廣泛的集團“指(A)最終母公司及其附屬公司不時(受限集團成員除外)；及(B)在母公司聯營交易完成後，母公司聯營公司持有人、母公司聯營公司持有人及聯營母公司各自的最終控股公司，以及在每一情況下，其繼承人及其附屬公司(受限集團成員除外)。

“減值和折算權力“對於任何歐洲經濟區解決機構來說，指該歐洲經濟區解決機構根據適用歐洲經濟區成員國的救助立法不時擁有的減記和轉換權力，這些減記和轉換權力在歐盟救助立法附表中有所描述。第1.02節。其他解釋條款

“根據本協議規定必須維持的任何財務比率(或爲根據本協議允許的特定行動而必須滿足的任何財務比率)應通過以下方式計算：將適當的組成部分除以其他組成部分，將結果進位到比本協議所表示的該比率的位數多一位，並將結果向上或向下舍入到最接近的數字(如果沒有最接近的數字，則向上舍入)。第1.05.節包括對協議、法律等的引用。第1.06節。更詳細。

“一天中的時間除非另有說明，否則本文中提及的所有時間均爲紐約市時間(夏令時或標準時間，視情況而定)。第1.07節。更詳細。績效付款的時間

“當任何義務的支付或任何契諾、責任或義務的履行被聲明爲在非營業日的一天到期或需要履行時，該等支付或履行的日期(「利息期間」的定義所述除外)或履行應延至緊接的下一個營業日。第1.08節。更詳細。

“提供就任何信用證或替代信用證而言，根據其條款或與其相關的任何發行人單據的條款，規定一次或多次自動增加其規定的金額，該信用證或替代信用證的金額應被視爲在實施所有該等增加後該信用證或替代信用證的最高規定金額的美元等值，無論該最高規定金額在當時是否有效。第1.09節。更詳細。無現金軋輥儘管本協議有任何相反規定，任何貸款人都可以根據適用借款人、行政代理和該貸款人批准的無現金結算機制，就本協議條款允許的任何再融資、延期、貸款修改或類似交易交換、繼續或展期其全部或部分貸款，任何此類交換、續展或展期應被視爲符合本協議或任何

“以「美元」(或相關可用貨幣)、「立即可用資金」、「現金」或任何其他類似要求支付任何款項的其他貸款文件。第1.10節。以下內容：允許的附屬母公司；附屬子公司。“)。在任何情況下，拍賣代理人應在指定的貼現預付款響應日期之後的三個工作日內迅速通知(I)有關定期貸款人對該要約的反應、貼現預付貸款的貼現生效日期和本金總額以及應預付的類別，(Ii)貼現預付生效日期的每個定期貸款人，以及在該日期按指定折扣預付的本金總額和類別，以及(Iii)接受指定貼現比例的各貼現預付貸款人(如有)的本金總額和本金金額的確認，該貸款人在該日按指定折扣預付的定期貸款的類別和類型。拍賣代理對上述通知中所述金額的每一次確定都應是決定性的，並在沒有明顯錯誤的情況下對所有目的具有約束力。根據第2.05(A)(V)(F)節(受第2.05(A)(V)(J)節的約束)，該通知中規定的向適用借款方支付的款項應由該借款方在貼現預付款生效日期到期並支付。

(C)：(1)任何借款方可不時以折扣範圍預付款通知的形式向拍賣代理發出五個營業日的通知(或拍賣代理同意的較短期限)，以徵求折扣範圍預付款要約；但條件是(I)借款方全權酌情決定將此類徵集擴大至(X)每家定期貸款人或(Y)每家定期貸款人就任何類別的定期貸款以個別類別爲基礎；(Ii)任何此類通知應列明有關定期貸款的最高本金總額。折扣範圍預付金額,)、適用於此類優惠的一類或多類定期貸款以及面值折扣的最高和最低百分比(優惠幅度

“適用借款方的每一次此類招標應在折扣範圍預付款響應日之前保持未償還狀態。拍賣代理將立即向每個適當的貸款人提供折扣範圍預付款通知的副本和折扣範圍預付款報價的表格，由響應的定期貸款機構在不遲於下午5：00之前提交給拍賣代理(或其代表)。在向該貸款人交付該通知之日後的第三個工作日(“折扣範圍預付款響應日期

““)。各定期貸款人的貼現範圍提前還款報價應爲不可撤銷的，並應具體說明在貼現範圍內的折扣額(“提交的折扣

“「)時，貸款人願意允許提前償還當時未償還的任何或所有適用類別的定期貸款，以及該貸款人的定期貸款的最高本金總額和類別(」提交金額

““)此類定期貸款人願意按所提交的折扣預付貸款。任何定期貸款人如在貼現幅度預付響應日前仍未收到拍賣代理人提供的貼現幅度預付貸款，則視爲拒絕接受其任何定期貸款在貼現幅度內以低於面值的任何折扣價預付。(2)*拍賣代理應審查在適用的折扣範圍預付款響應日或之前收到的所有折扣範圍預付款報價，並應(與借款方協商並以四捨五入爲準)確定

“拍賣代理人在其唯一合理酌情決定權下作出的要求)按照本款(C)規定的適用折扣和定期貸款預付。相關借款方同意在折扣範圍預付款響應日期接受拍賣代理在折扣範圍預付款響應日期之前收到的所有折扣範圍預付款報價，順序從提交的最大面值折扣到提交的面值折扣最小的折扣，直到幷包括折扣範圍內的最小面值折扣(此類提交的折扣是折扣範圍內的最小面值折扣，稱爲適用折扣“)所產生的貼現定期貸款預付款的本金總額等於(I)貼現幅度預付金額和(Ii)所有已提交金額之和中較低者。已提交貼現範圍預付款要約以大於或等於適用折扣的面值折扣接受提前還款的每一定期貸款人，應被視爲已不可撤銷地同意按適用折扣(每一此類定期貸款人，a貼現提前還款參與貸款人

“確定的貼現提前還款參與貸款人

“「)應根據每個已確定的折扣預付款參與貸款人的提交金額按比例在已確定的折扣預付款參與貸款人之間按比例分配，拍賣代理(在與借款方磋商後，並受拍賣代理唯一合理酌情決定的四捨五入要求的限制)將計算該按比例分配(」提供

“在加速事件發生後，本款規定應適用於L/信用證替代性發行人的所有收款和收回。每一借款人同意，從另一貸款人購買參與權的任何貸款人可在適用法律允許的最大範圍內，就該參與權充分行使其所有付款權利(包括抵銷權，但須受第10.09條的約束)，如同該貸款人是該借款人的直接債權人一樣。行政代理將保存根據第2.13節購買的參與記錄(在沒有明顯錯誤的情況下，該記錄應是決定性的和具有約束力的)，並在每種情況下在任何此類購買或償還後通知貸款人。根據第2.13節購買參與權的每一貸款人，在購買之日起和購買後，有權根據本協議就所購買的債務部分發出所有通知、請求、要求、指示和其他通信，其程度與購買貸款人是所購買債務的原始所有者的程度相同。第2.14節。

“(A)至少提前兩個工作日通知行政代理(或行政代理同意的較短期限)，並根據第2.14節和適用的附加貸款加入協議或增加確認中的條款和條件，可向任何貸款方提供附加貸款或增加貸款(定義如下)，本金總額不得超過附加貸款可用金額(由產生之日確定)；

“提供(I)在建議的額外貸款的日期，根據第4.03節在信貸延期申請中作出的所有陳述和保證，在所有重要方面均屬真實和正確(或就任何有關「重要性」、「重大不利影響」或類似措辭的陳述或保證，在所有方面給予任何限定後)在建議的額外貸款的日期及截至該日期的相同效力，除非該等陳述和保證明確涉及較早的日期，在這種情況下，它們應在該較早日期在所有重要方面(或就任何有關「重要性」、「重大不利影響」或類似措辭的陳述或保證，在其中的任何限制條件生效後，在所有方面)是真實和正確的；及(Ii)在該日期沒有違約事件繼續發生，或在建議的預付款生效後不會發生；

“提供進一步

“對於其主要目的是爲有限條件交易提供資金的任何附加貸款，不應要求滿足第2.14(A)(I)和(Ii)節中規定的條件(除非附加貸款貸款人一方要求)。(B)允許任何人通過向行政代理交付一份附加貸款合併協議而成爲本協議項下的貸款人，該協議必須由該人、行政代理、適用的借款人和適用的額外借款人(如果有)正式簽署。該人應在附加貸款加入協議中規定的日期成爲貸款人。任何現有的貸款人都可以提供額外的貸款，但任何現有的貸款機構都沒有義務提供額外的貸款

“(C)在有關人士成爲貸款人後，

“本協議項下的承諾額應增加相關的附加貸款加入協議中規定的金額，作爲貸款人的附加貸款承諾。(D)在符合本協議條款的前提下，附加貸款下的每個貸款人將在附加貸款加入協議規定的額外貸款可獲得期內，向適用借款人提供相關附加貸款加入協議中指定的金額的定期或循環貸款融資。

“

“(G)規定貸款人蔘與額外貸款項下額外貸款的總金額在任何時候均不得超過該貸款人當時對該額外貸款的額外貸款承諾。（h）除非現有貸方也分享該擔保，否則任何額外貸款均不得享有任何擔保（在適用於該額外貸款的託管期內，與額外貸款相關的任何託管帳戶中的擔保權益除外）;

“提供延長循環信貸承諾

““)，並規定與本節第2.16節一致的其他條款。爲了建立任何延長的循環信貸承諾，適用的借款人應向行政代理提供通知(行政代理應向適用的現有轉賬部分下的每個貸款人提供該通知的副本)(每個，a左輪手槍延期請求

““)列出將設立的延長循環信貸承諾的擬議條款，該等條款應(I)與根據該現有轉換期向每名貸款人提出的條件相同(包括有關建議的利率和應付費用，但不包括與此有關的任何安排、結構安排或其他一般並非與所有有關貸款人分擔的費用)，並按比例向每名貸款人提供該現有轉換期的循環信貸承諾，及(Ii)與根據現有轉換期向每名貸款人作出的循環信貸承諾相同，而該等經延長的循環信貸承諾將根據該等循環信貸承諾予以修訂，但下列情況除外：(A)在適用的延期修正案規定的範圍內，延長的循環信貸承諾的到期日可推遲到該現有轉換期的循環信貸承諾到期日之後的日期；(B)延長循環信貸承諾項下信貸展期的全額收益率(不論是以利潤率、預付費用、OID或其他形式)，在每一種情況下，均可不同於適用的延展修正案所規定的適用範圍，不同於該現有循環信貸承諾項下的信貸展期的全額收益率；。(C)展期修正案可規定其他契諾和條款，只適用於在展期修正案生效日期(緊接在訂立該等經延長的循環信貸承諾之前)生效的最後到期日之後的任何期間；。和(D)適用循環信貸承諾項下的所有借款(I.e.、現有的轉賬部分和適用的轉賬延期系列的延長循環信貸承諾)及其項下的償還應按比例進行((1)以不同利率支付延期循環信貸承諾(及相關餘額)的利息和費用，以及(2)在非延期循環信貸承諾到期日要求償還的款項除外)；提供

“在任何情況下，(A)在任何情況下，給定的Revolver延期系列的任何延長的循環信貸承諾的到期日不得早於本協議項下任何其他循環信貸承諾的最後到期日，以及(B)與該延期修正案有關的所有文件應與前述一致。根據任何轉盤延期請求修改的任何延期循環信貸承諾應被指定爲系列(每個、一個或多個左輪手槍延伸件系列

““)就本協定的所有目的而言，延長的循環信貸承諾；提供

“在適用的延期修正案規定的範圍內，從現有轉讓金部分修訂的任何延長的循環信貸承諾，可被指定爲任何先前建立的與該現有轉儲金部分相關的延長循環信貸承諾的增加。適用的借款人可對任何Revolver延期請求施加延期最低條件，該借款人可全權酌情放棄該條件。延期請求

“。適用的借款人應在要求現有定期貸款部分或現有轉用部分(視情況而定)下的貸款人作出回應之日之前至少兩個工作日(或行政代理在其合理判斷中同意的較短期限)提供適用的延期請求，並應同意行政代理可能制定或可接受的程序(如有)，在每種情況下，均應合理地採取行動以實現第2.16節的目的。根據任何延期請求，貸款人沒有義務同意將其任何現有定期貸款部分的任何定期貸款修改爲延期定期貸款，或將任何現有Revolver部分的任何循環信貸承諾修改爲延長循環信貸承諾(視情況而定)。根據現有定期貸款部分持有貸款的任何貸款人(每個、一個展期定期貸款人

““)希望根據該延期請求將現有定期貸款部分的全部或部分定期貸款修改爲延長期限貸款和任何循環信貸貸款人(每個、一個“

“延長循環信貸貸款人)如果希望在符合延期請求的條件下，將現有轉軌部分的全部或部分循環信貸承諾修改爲延長的循環信貸承諾，應通知行政代理(每個、一個或多個)

延期選舉

“)在該延期請求中指定的日期或之前，將其選擇請求修改爲延長定期貸款或延長循環信貸承諾的現有定期貸款或循環信貸承諾(視適用情況而定)下的定期貸款或循環信貸承諾的金額(以行政代理規定的任何最低面額要求爲限)。如果適用定期貸款或循環信貸承諾(視情況而定)項下現有定期貸款部分或循環信貸承諾(視情況而定)項下的現有定期貸款或循環信貸承諾項下已接受相關延期請求的定期貸款本金總額超過根據延長請求要求延長的延長定期貸款或延長循環信貸承諾(視情況而定)，則定期貸款或循環信貸承諾(視適用情況而定)應根據延期選擇按比例修正爲延長定期貸款或循環信貸承諾(取決於行政代理的舍入，根據每一次延期選舉中包括的定期貸款或循環信貸承諾的本金總額(視情況而定)。

“延期修正案。延期定期貸款和延期循環信貸承諾應根據一項修正案(包括根據延期定期貸款人和/或延長循環信貸貸款人的延期選擇，酌情納入新一批延期定期貸款和/或延期循環信貸承諾)(每個、一個或

“延期修正案“)適用借款人、行政代理和每個延長定期貸款人或延長循環信貸貸款人(視情況而定)根據本協議提供延長定期貸款或延長循環信貸承諾(視情況而定)，應分別符合第2.16(A)或(B)節的規定(但不需要任何其他貸款人的同意)。任何延期修正案的效力應取決於在其日期滿足第4.03節中規定的每個條件，並在行政代理合理要求的範圍內，行政代理收到(I)法律意見、董事會決議和官員證書，這些法律意見、董事會決議和官員證書與2020年修正案生效日期(視情況而定)交付的法律意見一致，但法律變更導致此類法律意見發生變化除外。(I)行政代理人合理滿意的事實變更或對律師意見形式的變更；及(Ii)行政代理人可能合理要求的重申協議和/或對抵押品文件的修改，以確保延長的定期貸款或延長的循環信貸承諾(視情況而定)能夠從適用的貸款文件中獲益。行政代理應及時通知各貸款人每項延期修正案的有效性。本協議雙方同意，未經任何其他貸款人同意，可根據延期修正案對本協議和其他貸款文件進行修改，修改範圍爲(但僅限於)，以(I)反映因此而產生的延期定期貸款或延期循環信貸承諾的存在和條款，(2)修改第2.07節規定的定期還款，以反映根據第2.07節規定須支付的定期貸款本金的減少，其數額等於根據適用延期修訂的延長定期貸款的本金總額(該數額應按比例分配，以減少根據第2.07節規定的此類定期貸款的預定還款)；(Iii)修改第2.05節規定的預付款，以反映延長定期貸款的存在及其預付款的應用；

“(E)就本協定而言，根據第2.16節的任何延期而進行的貸款轉換不應構成自願或強制付款或預付款。(F)第2.16節的規定應取代第2.13節或第10.01節中與之相反的任何規定。

第2.17節。違約貸款人（a）調整. 儘管本協議中包含任何相反規定，如果任何分包商成爲違約分包商，則在適用法律允許的範圍內，直到該分包商不再是違約分包商：豁免及修訂。違約貸款人批准或不批准與本協議有關的任何修改、放棄或同意的權利應按照第10.01節中的規定加以限制。

“付款的重新分配。行政代理爲違約貸款人的帳戶收到的本金、利息、手續費或其他款項(無論是自願的還是強制性的，在到期時，根據第八條或其他規定)，應在行政代理決定的一個或多個時間內使用，具體如下：

“第一向違約貸款人向本合同項下的行政代理支付任何欠款；第二，用於按比例支付該違約貸款人欠L/信用證發行人或本合同項下的擺動額度貸款人的任何款項；第三, 第四，根據公司的要求，只要沒有違約或違約事件發生且仍在繼續，對違約貸款人未能按照本協議規定爲其份額提供資金的任何貸款的資金，由行政代理確定；,第五，如果行政代理和公司這樣決定，將被保存在一個無息存款帳戶中，並被釋放，以履行違約貸款人根據本協議爲貸款提供資金的義務；第六, 任何貸款人、L/信用證發行人或擺動額度貸款人因違約貸款人違反本協議項下義務而獲得的任何有管轄權的法院對該違約貸款人作出的判決而應向貸款人、L/信用證發行人或擺動額度貸款人支付的任何款項；第七

“第八向違約貸款人或有管轄權的法院另有指示；提供如果(A)支付的是違約貸款人沒有爲其適當份額提供全部資金的任何貸款或L/C借款的本金，並且(B)該等貸款或L/C借款是在第4.03節所列條件得到滿足或豁免的情況下發放的，則在用於償還該違約貸款人的任何貸款或L/C借款之前，此類付款應僅用於按比例償還所有非違約貸款人的貸款以及L/C借款。向違約貸款人支付或應付的任何付款、預付款或其他金額，如根據第2.17(A)(Ii)節用於(或持有)償還違約貸款人所欠金額或張貼現金抵押品，應被視爲已支付給違約貸款人並由該違約貸款人重新定向，且每一貸款人均不可撤銷地同意本協議。, 某些費用。違約貸款人(A)無權根據第2.09(A)節或第2.09(B)節在該貸款人爲違約貸款人的任何期間獲得任何承諾費(適用借款人不應被要求向該違約貸款人支付任何該等費用)，且(B)其收取第2.03(H)節規定的信用證費用的權利應受到限制。按比例重新分配份額以減少正面風險敞口,。提供

(A)只有在適用貸款人成爲違約貸款人之日，沒有違約或違約事件發生且仍在繼續時，每次此類重新分配才應生效；和(B)每個非違約貸款人獲得、再融資或爲參與信用證和循環額度貸款提供資金的總義務不得超過(1)該非違約貸款人蔘與循環信貸承諾的正數差額減號, (2)該非違約貸款人在該參與循環信貸承諾項下的貸款餘額總額。除第2.19款另有規定外，本合同項下的任何重新分配均不構成放棄或免除任何一方在本合同項下的任何索賠針對因應收賬款成爲違約應收賬款而產生的違約應收賬款，包括非違約應收賬款因此類非違約應收賬款在重新分配後風險增加而提出的任何索賠。

“（b）違約貸款人治癒。提供當貸款人爲違約貸款人時，不會追溯性地調整由公司或代表公司應計或支付的費用或付款；提供進一步, 除非受影響各方另有明確約定，否則本合同項下從違約貸款人到貸款人的任何變更均不構成放棄或免除任何一方因該貸款人是違約貸款人而產生的任何債權。終止循環信貸承諾。借款人有權按照第2.06節的規定終止違約貸款人的任何循環信貸承諾，只要終止不會導致該類別的循環信貸風險超過該類別的循環信貸承諾。第2.18節。

“對每個借款人的債務的一般限制在涉及任何州法人有限責任合夥企業或有限責任公司法，或任何適用的州、聯邦或外國破產、破產、重組或其他一般影響債權人權利的適用法律的訴訟或程序中，如果任何借款人在本協議下的義務因其在本協議下的責任金額而被認定爲無效、可撤銷、無效或不可強制執行，或從屬於任何其他債權人的債權，則即使有任何其他相反的規定，該責任的金額應在該借款人、任何貸款方或任何其他人沒有進一步採取任何行動的情況下，

“第2.19節。承認並同意歐洲經濟區金融機構的自救。

“儘管在任何貸款文件或任何此類各方之間的任何其他協議、安排或諒解中有任何相反的規定，本協議各方承認，任何EEA金融機構在任何貸款文件下產生的任何負債，只要該負債是無擔保的，都可能受到EEA決議機構的減記和轉換權力的約束，並同意、同意、承認並同意受以下約束：(H)被要求作出減稅的有關貸款方應在法律允許的時間內，以法律規定的最低金額，向有關稅務機關作出該項減稅和與該減稅有關的任何所需付款。

“(I)在作出減稅或與該減稅有關的任何付款後30天內，作出該減稅或其他付款的有關貸款方應向有權獲得與該減稅或付款有關的利息的金融方行政代理提交證據，證明該減稅或其他付款已向有關稅務機關作出或說明。第3.03節。

“比利時稅收(A)除非法律要求減稅，否則貸款方根據貸款單據支付的每一筆比利時款項應由其支付，不得有任何減稅。

“(B)一旦有關貸款方意識到法律要求或將會作出稅項扣除(或作出該項稅項扣除的比率或基礎有任何改變)，有關貸款方應相應通知行政代理。同樣地，貸款人在知悉應付給貸款人的款項時，應通知行政代理和有關貸款方。(C)如果法律規定貸款方必須進行減稅，則除非第3.03(F)條適用，否則應支付的金額應增加到一定的數額，以便在進行所需的減稅後，收款人收到的金額等於如果不要求減稅時將收到的金額。

“(E)如果法律要求行政代理或證券受託人根據第3.03(D)條從向任何融資方支付的任何款項中扣除稅款，則除非第3.03(F)條適用，否則行政代理或證券受託人應在法律允許的時間內，在法律規定的最低金額內，以及在作出稅收扣除或與該稅收扣除相關的任何付款後30天內，向相關稅務機關作出該稅務扣除和與該稅務扣除相關的任何所需付款，作出該項稅務扣除或其他付款的行政代理人或證券受託人應向有關貸款方提交證據，證明該項稅務扣除或其他付款已向有關稅務機關作出或入賬。貸款方無需根據第3.03(C)條或第3.03(D)條向貸款人支付稅款，以抵扣比利時借款人就比利時借款人參與向比利時借款人提供的貸款而支付的利息，前提是貸款人在相關利息到期之日(稅法變更除外)不是比利時符合資格的貸款人，如果貸款人在該日是比利時符合資格的貸款人，則可以在沒有減稅的情況下付款。(H)在作出稅項扣除或與該項稅項扣除有關的任何付款後30天內，作出該項稅項扣除或其他付款的有關貸款方應向

“有權獲得與該減稅或支付有關的利息的財務方的行政代理，證明該減稅或其他付款已向相關稅務機關作出或說明。(I)對於貸款方在貸款文件下支付的每筆比利時款項，該貸款方有權在不超過3個月的合理期限內向L/C發行人請求並獲取一切必要信息，以使其能夠履行其根據1992年第307條比利時所得稅法和實施1992年比利時所得稅法的皇家法令第179條關於以表格275F的形式向比利時稅務機關申報直接或間接向比利時稅務規定所列受益人支付的款項的義務。

“第3.04節。更詳細。貸款方納稅狀況

“第1部分-英國(A)向每家貸款人就向英國借款人提供的貸款作出陳述，並向行政代理及每名英國借款人發出授權書：

“(I)就本協定的貸款方而言，在2020年修正案生效日，證明其在2020年修正案生效日，其稅務狀況與《公約》A部分中與其名稱相對的稅務地位相同。附表III(F)爲上文(A)至(E)段的目的，每一貸款人應迅速交付行政代理或有關英國借款人可能合理要求的證明其公司和稅務地位的文件，

“提供在任何貸款人未能遵守上述要求的情況下，應允許英國借款人：

“(2)在符合第10.07款(A)項規定的情況下，拒絕同意這種轉讓。

“(G)如果行政代理或任何英國借款人有理由相信貸款人根據第3.04節第1部分提供的任何陳述是不正確或不準確的，行政代理或相關的英國借款人(視情況而定)應迅速通知另一方和相關的貸款人，並可在此後要求行政代理或英國借款人爲確定該陳述是否確實不正確而合理地要求提供與該貸款人的公司和稅務地位有關的文件。第2部分-愛爾蘭語

“(A)就向愛爾蘭借款人提供的貸款向每家貸款人提供擔保，並向行政代理和每名愛爾蘭借款人作出以下聲明和擔保：(I)就本協定的貸款人而言，在2020年修正案生效日期，如有愛爾蘭借款人(不論是在2020年修正案生效日期或之後的任何時間)，該貸款人將以下列形式提供其稅務地位：

“附表III或

“(2)在有愛爾蘭借款人的任何其他貸款人的情況下，證明在每個轉讓和假設中指定的相關生效日期或在每個增加確認中指定的相關生效日期，該貸款人將規定：(A)它不是一家符合愛爾蘭條件的貸款機構

“(B)獲得愛爾蘭合格貸款人資格(不只是因爲是愛爾蘭條約貸款人)(C)獲得愛爾蘭合格貸款人資格(僅因爲是愛爾蘭條約貸款人)，

“應在有關轉讓和假設或增加確認中明確說明；提供

“附表III

“第3.05節。更詳細。

“增值稅(A)任何一方根據貸款文件明示應支付給融資方的所有對價應視爲不包括任何增值稅。

“(B)確定是否需要或變得可以對任何財方提供的任何供應徵收增值稅(“供貨商

“「)向任何其他出資方(」收件人

“)與貸款文件有關的任何一方，以及除收款人以外的任何一方(主題方

““)任何貸款文件的條款要求向供應商支付相當於此類供應的對價的金額(而不是要求就該對價向接收者償還或賠償)，(I)如果供應商被要求向相關稅務機關交代增值稅，主體方也必須向供應商支付，以及，(Ii)如果接收者被要求向相關稅務機關交代增值稅，主體方必須向接收者支付(除支付該金額之外，並在支付該金額的同時)相當於該增值稅金額的金額。在適用本條款第3.05(B)款第(I)款的情況下，收款方必須立即向受讓方支付與收款方從相關稅務機關獲得的任何抵扣或償還金額相同的金額，收款方合理地確定該抵扣或還款是針對該貨源應徵收的增值稅。在本條款第3.05(B)款第(Ii)款適用的情況下，受讓方只有在受讓人合理地確定其無權獲得相關稅務機關對該增值稅的抵免或償還的情況下，方可向受讓人支付相當於該增值稅金額的金額。(C)如果貸款文件要求任何一方向財務方償還任何費用或支出，則在財務方合理地確定其無權就增值稅從相關稅務機關獲得抵免或償還的範圍內，該方還應同時向財務方支付和賠償該等成本和支出的全部金額，包括財務方就該成本或支出所發生的代表增值稅的成本。(D)在本第3.05節中對任何締約方的任何提及，在該締約方被視爲集團成員的任何時候，包括(在適當的情況下，除非文意另有所指)對該集團成員的提及(在適當的情況下，且除非文意另有所指)，包括(在適當的情況下，且除非文意另有所指外)該集團的代表成員.

“代表委員(E)詢問財務方根據貸款文件向任何一方提供的任何供應是否需要增值稅，如果該財務方提出合理要求，則該方必須向財務方提供其增值稅登記號的詳細信息以及與財務方對供應的報告要求有關的任何其他信息，並在財務方可能合理要求的時間提供這些信息。借款人根據上述(B)款被要求付款的，在借款人收到詳細說明應支付金額的正式發票之前，這筆款項不應到期。

“第3.06節。更詳細。稅收抵免

“(A)調查貸款方是否繳納了稅款，而有關金融方以合理和誠信的方式確定：提供貸款方不需要根據第3.01、3.07、3.08或3.09節的前述規定賠償貸款人在貸款人通知本公司或借款人發生導致索賠的事件以及貸款人對此提出索賠的意向之前270天以上發生的任何增加的費用或減少的費用(除非，如果導致增加的費用或減少的情況具有追溯力，則上述270天的期限應延長至包括其追溯力的期限)。(E)如果任何貸款人發放或繼續發放或繼續發放任何歐洲貨幣利率貸款或SOFR貸款或將基礎利率貸款轉換爲歐洲貨幣利率貸款或SOFR貸款的義務根據本章第3.11(C)節暫停，則該貸款人適用的歐洲貨幣利率貸款或SOFR貸款應在該等歐洲貨幣利率貸款或SOFR貸款的當時當前利息期(S)的最後一天(S)自動轉換爲基本利率貸款(或在第3.02節要求的任何立即轉換的情況下，在法律規定的較早日期)，以及除非並直至該貸款人按照以下規定發出通知，表示本合同第3.07、3.08或3.09節中規定的導致此類轉換的情況不再存在：

“(I)在該貸款人的歐洲貨幣利率貸款或SOFR貸款已如此轉換的範圍內，本應用於該貸款人適用的歐洲貨幣利率貸款或SOFR貸款的所有付款和預付本金應改爲用於其基本利率貸款；以及(Ii)允許該貸款人從一個利息期向另一個利息期發放或繼續發放的所有貸款，如歐洲貨幣利率貸款或SOFR貸款，應改爲作爲基本利率貸款(如有可能)發放或繼續發放，而該貸款人原本將轉換爲歐洲貨幣利率貸款或SOFR貸款的所有基本利率貸款仍應作爲基本利率貸款。

“(F)如果任何貸款人通知本公司或借款人(向行政代理提供副本)，在其他貸款人根據適用貸款工具發放的歐洲貨幣利率貸款或SOFR貸款未償還時，本合同第3.07、3.08或3.09節規定的情況不再存在(該貸款人同意在此類情況下立即轉換)，則該貸款人的基本利率貸款應自動轉換。對於該等未償還的歐洲貨幣利率貸款或SOFR貸款，在下一個利息期(S)的第一天(S)，在必要的範圍內，以便在生效後，根據該貸款機制持有歐洲貨幣利率貸款或SOFR貸款的貸款人和該貸款人所持有的所有貸款都按照各自對適用貸款機制的承諾按比例持有(本金金額、利率基準和利息期)。(G)根據本細則第三條要求賠償的任何融資方應向本公司提交一份證書，合理詳細地列出根據本條款應向其支付的一筆或多筆額外金額，在沒有明顯錯誤的情況下，該證書應爲決定性的。在確定此類金額時，該融資方可使用任何合理的平均和歸屬方法。

“第3.12節。在某些情況下更換貸款人(Iv)任何貸款人成爲違約貸款人，或(V)本協議項下存在任何其他情況，使任何借款人有權取代貸款人成爲本協議的當事一方，則該借款人在通知該貸款人和行政代理後，可自行承擔全部費用和努力，要求該貸款人轉讓和轉授其在本協議項下的所有權益、權利和義務，而無需追索權(依照第10.07節所載的限制和該條款所要求的同意)(或，就上文第(Iii)款而言，其所有權益，與作爲相關同意、豁免和修訂標的的貸款或承諾類別有關的權利和義務)以及向一個或多個合格受讓人(.

“提供行政代理人或任何貸款人對該借款人均無義務尋找替代貸款人或其他應承擔此類義務的人(如果貸款人接受該轉讓，則任何受讓人可以是另一貸款人)；提供即：

“(A)證明有關借款人應已向行政代理支付第10.07(B)(Ii)(D)節規定的轉讓費；(B)如該貸款人已從受讓人(以該未償還本金和應計利息及費用爲限)、本公司或有關借款人收到一筆相當於其貸款的適用未償還本金、應計利息、應計費用以及根據本協議和其他貸款文件應向其支付的所有其他款項(包括第3.10節規定的任何款項)的款項；

“(C)如果根據本第3.12節被替換的貸款人應(I)就該貸款人的全部或部分承諾、未償還貸款以及參與L/C債務和週轉額度貸款籤立和交付轉讓和假設，並(Ii)向借款人或行政代理交付任何證明此類貸款的票據(或代替其的遺失或銷燬票據賠償)；提供

“任何該等貸款人如沒有籤立轉讓及承擔或交付該等票據，並不會使該買賣(及相應的轉讓)無效，而該項轉讓可記錄在登記冊內，而該等票據如不履行，則當作已註銷；(D)有資格的受讓人應成爲本協議項下的貸款人，而轉讓貸款人應不再就此類轉讓貸款、承諾和參與構成本協議項下的貸款人，但本協議項下的賠償條款除外，這些條款對該轉讓貸款人仍然有效；£(E)在根據第3.09條提出賠償要求或根據第3.01條要求支付款項而產生的任何此類轉讓的情況下，此類轉讓將導致此類補償或其後付款的減少；

“(F)確保這種轉讓不應與適用法律相沖突；(G)任何作爲L/信用證出票人或替代L/信用證出票人的貸款人，在本合同項下有任何信用證或替代信用證未付時，不得隨時被替換，除非安排令該L/信用證出票人或替代L/信用證出票人合理滿意(包括提供備用信用證的形式和實質，並由出票人出具，已就每份該等未清償信用證或替代信用證(視何者適用而定)作出令上述L/信用證出票人或替代L/信用證出票人合理滿意的付款或按合理安排將現金抵押品存入現金抵押品帳戶)；和

“(H)除非按照第9.06節的規定，否則不能以行政代理的身份更換擔任行政代理的貸款人。如果(I)任何貸款方或行政代理已請求貸款人同意偏離或放棄貸款文件的任何規定或同意對其進行任何修改，(Ii)有關同意、放棄或修改需要每個受影響的貸款人或所有貸款人就某一或某些類別的貸款和/或承諾達成一致，以及(Iii)所需的貸款人(或在涉及所有貸款人或某一類別的所有受影響的貸款人的同意、放棄或修改的情況下，所需類別貸款人)已同意(但僅在第10.01節要求的範圍內)同意、放棄或修改，則任何不同意該同意、放棄或修改的貸款人應被視爲

“未經同意的貸款人” 則該非同意貸款人或違約貸款人應被視爲已籤立和交付該轉讓和承擔，而該非同意貸款人或違約貸款人沒有采取任何行動。

“如果在此之前，由於貸款人的放棄或其他原因，本公司有權要求轉讓或轉授的情況不再適用，則貸款人不應被要求進行任何此類轉讓或轉授。第3.13節。

“生死存亡每一借款人在本條第三條下的所有債務應在總承諾額和貸款文件終止以及償還本條款項下的所有其他債務後繼續存在。

“第四條授信延期的先決條件

“第4.01節。 [保留]。

“第4.02節。以下內容：[保留]。第4.03節。所有信貸延期的條件。

“每個貸款人有義務履行任何信貸延期請求(除了(I)關於有限條件交易的請求，和(Ii)僅要求將貸款轉換爲其他類型的貸款，或繼續提供歐洲貨幣利率貸款或SOFR貸款，但包括附加貸款，視情況而定)的承諾貸款通知，前提是滿足或放棄以下先決條件：(A)保證第五條所列各借款方和其他貸款文件中各借款方的陳述和保證在信貸延期之日和截止之日在所有重要方面均屬真實和正確，其效力與在該日期並在該日期作出的相同，但該等陳述和保證明確與較早的日期有關的部分除外，在這種情況下，該等陳述和保證在該較早的日期在所有重要方面均屬真實和正確；提供任何關於「重要性」、「重大不利影響」或類似措辭的陳述和保證在各自的日期應在各方面真實和正確(在其中的任何限定生效後)。

“(B)*不應存在違約，也不會因該建議的信貸延期或其收益的運用而導致違約。(C)行政代理及(如適用)相關的L/信用證發行人或L/信用證替代發行人或擺動額度貸款人(視情況而定)應已收到符合本協議要求的信貸延期請求。

“(D)保證在任何適用的司法管轄區內，該貸款人履行其義務，在適用的信貸展期之日作出相關的信貸展期，並不違法。任何借款人提交的每一次信用延期申請(除(I)關於有限條件交易、(Ii)僅要求將貸款轉換爲其他類型的承諾貸款通知，或繼續提供歐洲貨幣利率貸款或SOFR貸款)應被視爲在適用的信用延期之日並截至該日已滿足第4.03(A)和(B)節規定的條件的聲明和保證。

“第4.04節。更詳細。遵守條件。

“在不限制第9.03節規定的一般性的情況下，爲了確定是否符合第4.01節規定的條件，已簽署本協議的每個貸款人應被視爲已同意、批准或接受或滿意根據本協議要求貸款人同意、批准、接受或滿意的每一份文件或其他事項，除非行政代理應在2020修正案生效日期或適用借款日期(視情況而定)之前收到該貸款人的通知，並指明其反對意見。第五條

“申述及保證每一貸款方在每次信貸展期時向行政代理和貸款人聲明並保證(按照第四條的規定，該信貸展期必須真實和正確)：

“第5.01節。存在、資格和權力；遵守法律

“(A)每個貸款方和作爲重大附屬公司的受限集團的每個成員(I)是正式組織或組成的人，根據其成立或組織的司法管轄區的法律有效存在和信譽良好(在該司法管轄區內存在此類概念的情況下)，(Ii)擁有所有必要的權力和權限，以(A)擁有或租賃其資產，並按目前進行的方式繼續經營其業務，(B)在貸款方的情況下，籤立、交付和履行其根據其爲一方的貸款文件規定的義務，(Iii)根據每個司法管轄區的法律，如其物業的所有權、租賃或營運或其業務的進行需要具備該等資格，並符合所有適用的法律、命令、令狀及禁令；及(V)擁有經營其目前所進行的業務所需的所有必需的政府許可證、授權、同意及批准；及(V)根據每個司法管轄區的法律，該公司具備適當資格及信譽良好；但第(I)(就任何借款人而言除外)、(Ii)(A)(就任何借款人而言除外)、(Iii)、(Iv)或(V)條所指的情況除外，但在不能合理地預期不會產生重大不良影響的範圍內。(B)就原借款人而言，出於稅務目的，該借款人是在聯合王國居住。

“第5.02節。授權；沒有違反規定

“每一貸款方簽署、交付和履行其爲當事人的每份貸款文件，以及完成定期貸款和循環信貸承諾下的借款以及使用定期貸款和循環信貸承諾的收益，(A)已(或將在任何借款之日或之前)得到所有必要的公司或其他組織行動的正式授權，以及(B)不(I)違反該人的任何組織文件的條款，(Ii)與任何違反或違反，或根據(附件二第4.12節允許的除外)設立任何留置權，或要求根據(X)該人作爲當事方或影響該人或其任何附屬公司的財產的任何合同義務，或(Y)任何政府當局的任何重大命令、強制令、令狀或法令，或該人或其財產受其約束的任何仲裁裁決，或(Iii)違反任何適用法律；但就任何違反、衝突、違反或第(Ii)和(Iii)款所述的違反、衝突、違約、違規或付款(但不設定留置權)，但不能合理地預期這種違反、衝突、違約、違規或付款會產生實質性不利影響。

“第5.03節。政府授權；其他異議

“對於本協議或任何其他貸款文件的任何借款方的執行、交付或履行，或對本協議或任何其他貸款文件的強制執行，任何貸款方授予其根據抵押品文件授予的留置權，完善或維持根據抵押品文件設立的留置權(包括其優先權)，或行政代理或任何貸款人行使其在貸款文件下的權利或根據抵押品文件對抵押品的補救措施，不需要或要求任何政府當局或任何其他人批准、同意、豁免、授權或向其備案。但以下情況除外：(I)爲完善貸款方授予擔保當事人的抵押品的留置權而必需的備案、登記、通知、通知和確認；(Ii)已妥爲取得、採取、發出或作出並具有充分效力的批准、同意、豁免、授權、行動、通知和備案(但不需要根據抵押品和擔保要求取得、採取、給予或作出或完全生效的範圍除外)和(Iii)批准、同意、豁免、授權、行動、通知或備案，不能合理地預期其不能獲得或製造會產生實質性的不利影響。第5.04節。

“捆綁效應本協議及其他每份貸款文件均已由作爲協議一方的每一借款方正式簽署和交付。根據本協議向貸款方提供的法律顧問的法律意見中包含的習慣性例外，本協議和其他每份貸款文件構成貸款方的一項法律、有效和有約束力的義務，可根據其條款對每一貸款方強制執行，但此種可執行性可能受到以下因素的限制：(1)債務人救濟法和公平、誠實信用原則的一般原則，以及(2)建立或完善貸款方授予的抵押品留置權所必需的備案和登記的必要性，以及(3)外國法律的效力，與外國子公司的任何股權的質押或擔保權益有關的規則和法規。

“第5.05節。以下內容：財務報表；沒有實質性的不利影響

“(A)在最近一次向行政代理提交的報告實體的合併財務報表中，按照在整個報告所涉期間一致適用的公認會計原則，公平地列報報告實體截至其日期的財務狀況和綜合財務狀況及其在所涉期間的經營成果，除非其中另有明文規定。(B)自2020年修正案生效日期以來，沒有發生過任何事件或情況，無論是個別的還是總體的，都沒有或將合理地預期會產生實質性的不利影響。

“第5.06節。訴訟

“沒有任何訴訟、索賠或爭議懸而未決，或據貸款當事人所知，在法律、衡平法、仲裁或任何政府當局面前、由受限制集團的任何成員或針對其任何成員或針對其任何財產或收入的任何訴訟、索賠或爭議，都不存在公開的書面威脅，無論是個別的或總體的，都可以合理地預期會產生重大不利影響。第5.07節。更詳細。

“財產所有權；留置權(A)每名貸款方及作爲重大附屬公司的受限集團的每名成員對其日常業務所需的所有財產擁有良好的記錄所有權或有效租賃權益、地役權或其他有限財產權益，且除准許留置權外，不受所有留置權的影響，除非未能擁有該等所有權或其他權益不可能或不能合理地預期對個別或整體產生重大不利影響。

“(B)每一貸款方及作爲主要附屬公司的受限集團的每名成員是否已履行其作爲一方的所有租約下的所有責任，但如未能履行的情況不能合理地預期會產生重大不利影響，且所有該等租約均完全有效及有效，則屬例外，但不能合理預期未能全面生效及產生重大不利影響的情況除外。第5.08節。以下內容：

“環境問題但如不能合理地預期個別或合計會產生重大不利影響，則屬例外：

“(A)確保受限制集團的每個成員及其各自的物業和業務符合所有環境法律，包括獲得和維護該等環境法律要求的所有適用環境許可證，以經營受限制集團成員的業務；(B)受限制集團的成員沒有收到任何書面通知，聲稱他們中的任何人違反了任何環境法或根據任何環境法可能負有責任，且貸款當事人及其任何不動產都不是任何索賠、調查、留置權、要求或司法、行政或仲裁程序的標的，根據任何環境法，或據受限制集團的成員所知，受到書面威脅，其效果將是根據該環境法向受限制集團的任何成員施加責任，或撤銷或修改任何貸款方持有的任何環境許可證；以及

“(C)受限制集團任何成員所擁有、經營或租賃的任何房地產或設施，或據受限制集團成員所知，以前由受限制集團任何成員擁有、經營或租賃的房地產，在任何情況下均可合理預期會要求受限制集團任何成員根據環境法進行任何調查、補救活動或糾正行動或清理，或以其他方式可合理預期導致受限制集團任何成員根據環境法承擔法律責任。第5.09節。以下內容：

“稅費(A)任何貸款方或受限制集團的任何成員已知並無就任何貸款方或受限制集團的任何成員所知的稅務不足或評估而向任何貸款方或受限制集團的任何成員提出申索，而該等申索個別或合共會有或合理地可能會產生重大不利影響。

“(B)沒有任何貸款方在提交其必須提交的任何納稅申報表方面嚴重逾期(如果這種遲交可能導致對其處以任何重大罰款或罰款)，並且已在法律要求的任何期限內支付了就其要求提交的任何納稅申報單或針對其作出的任何評估而證明應支付的所有稅款(但其真誠地對稅收義務提出異議且已爲此類負債留出足夠的準備金的情況除外)，但在每一種情況下，此類逾期提交、不付款或要求付款的請求除外，不會或合理地不可能產生實質性的不利影響。第5.10節。

“ERISA合規性(A)除個別或整體不能合理預期會導致重大不利影響外，每項退休金計劃及多僱主計劃均符合僱員退休保障制度、守則及其他適用的聯邦或州法律的適用規定。

“(B)：(I)沒有發生或合理地預計將會發生ERISA事件；(Ii)任何貸款方或任何ERISA附屬公司都沒有或合理地預期將根據ERISA第四章就任何養老金計劃承擔任何責任(根據ERISA第4007節規定應支付的保費和不拖欠的保費除外)；和(Iii)任何貸款方或任何ERISA關聯公司都沒有或合理地預期會根據ERISA第4201或4243條就多僱主計劃承擔任何責任(並且在根據ERISA第4219條發出通知後，沒有發生會導致此類責任的事件)，但以下情況除外：對於本節的上述條款中的每一項，第5.10(B)款不合理地單獨或合計預期不會導致實質性的不利影響。

“第5.11節。養老金。

“作爲主要附屬公司的每一貸款方及受限集團的每一成員均履行其與大東電報局退休金基金有關的法定責任，但合理地預期不會導致重大不利影響者除外。第5.12節。

“按金法規；投資公司法(A)任何貸款方及受限制附屬公司均不會從事、主要或作爲其重要活動之一從事購買或攜帶按金股票、或爲購買或攜帶按金股票而發放信貸，而任何信用證或替代信用證項下任何借款或提款所得款項將不會用於違反董事會U、T及X規則的任何目的。(B)根據經修訂的1940年《投資公司法》，任何貸款方都不會或不需要註冊爲「投資公司」。第5.13節。

“披露任何由任何貸款方或其代表提供給行政代理或任何貸款人的報告、財務報表、證書或其他書面信息(預計財務信息、形式財務信息和一般經濟或行業性質的信息除外)或根據本協議交付的或根據本協議交付的任何其他貸款文件(經如此提供的其他信息修改或補充)，作爲一個整體，不包含任何重大事實錯誤陳述，或遺漏任何必要的重大事實，以根據作出陳述的情況進行陳述(當作爲整體時)，而不具有重大誤導性。關於本公司編制的預計財務資料及備考財務資料，本公司表示，該等資料乃根據其中所載或於編制時被認爲合理的假設真誠編制，但有一項理解，即該等預測可能與實際結果有所不同，而該等差異可能是重大的。

第5.14節。勞工事務除非個別或整體而言，不能合理地預期會產生重大不利影響：(A)作爲重要附屬公司的受限制集團任何借款方或成員並無罷工或其他勞資糾紛待決或(據本公司所知，受限制集團成員受到威脅)及(B)受限制集團成員的工作時數及向其僱員支付的款項均符合1938年公平勞工標準法案(經修訂)或任何其他處理該等事宜的適用法律。第5.15節涉及知識產權等。, 每個貸款方和作爲重要子公司的受限集團的每個成員擁有、許可或擁有使用所有商標、服務標誌、商號、域名、版權、專利、專利權、許可證、技術、軟件、專有數據庫權利、設計權和其他知識產權的權利(統稱爲，知識產權

“)，且此類知識產權不與任何人的權利相沖突，除非沒有此類知識產權，且此類衝突，無論是單獨的還是總體的，都不能合理地預期會產生實質性的不利影響。據本公司所知，作爲主要附屬公司的受限集團各貸款方及成員目前的業務運作並不侵犯任何人士所持有的任何權利，但個別或整體的該等侵權行爲則屬例外，而該等侵權行爲不能合理地預期會產生重大不利影響。並無任何有關知識產權的索償或訴訟待決，或據本公司所知，對任何貸款方或作爲重大附屬公司的受限集團任何成員提出的書面威脅，不論個別或整體而言，均可合理地預期會產生重大不利影響。第5.16節。償付能力截至B-5期貸款的融資日期，公司及其子公司在合併的基礎上具有償付能力。, 第5.17節。[保留]

“第5.18節。《美國愛國者法案》、反腐敗法律和制裁

(A)在適用的範圍內，每一貸款方及其每一附屬公司在所有重要方面均遵守(I)經修訂的《與敵貿易法》和美國財政部的每項外國資產管制條例(31 CFR副標題b，第五章，經修訂)以及與此相關的任何其他授權立法或行政命令，以及(Ii)《美國愛國者法》。

(B)禁止：(I)貸款收益的任何部分(或任何信用證或替代信用證)不得直接使用，或據任何貸款方或其任何附屬公司所知，(A)向任何政府官員或僱員、政黨、政黨官員、政黨候選人或其他以官方身份行事的人支付任何款項，以獲取、保留或指導業務或獲得任何不正當利益，違反經修訂的《1977年美國反海外腐敗法》(The United States Foreign Corrupt Practices Act Of 1977)。

《反海外腐敗法》

““)或(B)違反任何其他反腐敗法，除非合理地預期不會產生重大不利影響；及(Ii)每一貸款方及其每一子公司，據任何貸款方或其任何附屬公司所知，其各自的董事、高級職員及僱員目前在所有重大方面均遵守《反海外腐敗法》；及(B)除合理地預期不會有重大不利影響外，任何及其他反腐敗法。

“第5.19節。抵押品文件

“包括在符合附件二第4.12節允許的留置權的情況下，對設保人對其中所述抵押品的所有權利、所有權和利益的合法、有效、可執行和完善的第一優先權留置權。根據第6.11節或第6.16節，要求完美或優先。

“第5.20節。電訊、有線電視及廣播法

“第六條

“平權契約只要任何貸款人在本合同項下承擔任何義務(除(I)未曾提出索賠的或有賠償義務，以及(Ii)根據《金庫服務協議》或有擔保的套期保值協議項下已作出令適用對沖銀行合理滿意的安排的義務外)，任何應計和應付的貸款或其他義務將繼續未付或未清償，或任何信用證或替代信用證仍未清償(除非與此相關的L/信用證債務的未償還金額已被適用的L/信用證發行人或L/信用證發行人合理滿意的信用證作了現金抵押或支持，如適用，或該信用證或替代信用證已被視爲根據適用的L/信用證發行人或L/信用證替代發行人合理接受的另一協議重新簽發)，則自2020年修正案生效日期起及之後，本公司應就第6.01條和第6.02條所列的契諾，以及就本第六條所列的其他契諾，貸款各方應並應促使受限集團的每一成員：

“第6.01節。公司材料

“公司材料

“「)在IntraLinks或其他類似的電子系統(」站臺

“)和(B)某些出資方(各自，a)公共貸款人

““)可能有人員不希望獲得有關貸款方或其任何子公司或上述任何機構各自證券的重大非公開信息，並可能從事與該等人員證券有關的投資和其他市場相關活動。本公司特此同意，只要貸款方或其任何子公司是根據非公開發行登記或發行的任何未償還債務或股權證券的發行人，或正在積極考慮發行任何此類證券，本公司將盡商業上合理的努力確定可能分發給公共貸款人的公司材料部分，並同意：(I)所有該等公司材料應清楚而顯眼地標記爲「公共」，這至少意味着「公共」一詞應出現在第一頁的顯著位置；(Ii)通過將公司材料標記爲「公共」，公司應被視爲已授權融資方將該公司材料視爲不包含關於貸款方或其任何子公司或上述任何證券的任何重大非公開信息(儘管它可能是敏感和專有的)，以符合美國聯邦和州證券法(提供

“就此類公司材料構成信息而言，它們應按照第(10.08)節的規定處理；(Iii)所有標記爲「公共」的公司材料允許通過指定爲「公共端信息」的平台的一部分提供；以及(Iv)行政代理和其他財務各方應將未標記爲「公共」的公司材料視爲僅適合在平台未指定爲「公共端信息」的部分上發佈。第6.02節。

“合規證書和其他信息公司應向行政代理交付，以便迅速進一步分發給各貸款人：

“(A)在不遲於附件二第4.03(A)(1)、(2)和(3)節所述財務報表交付後五個工作日內，提交由公司負責人員簽署的填妥的合規證書；(B)在此之後立即向公衆提供受限制集團任何成員向美國證券交易委員會或向其提交的所有年度、定期、定期和特別報告和登記聲明的副本

“可以替代的任何政府當局(但對任何註冊聲明的修訂除外(在該註冊聲明以其生效的形式交付的範圍內)、任何註冊聲明以及(如果適用的話)任何採用S-8表格或同等格式的註冊聲明)，並且在任何情況下都不需要根據本第6.02節的任何其他條款提交給行政代理機構(提供

“在美國證券交易委員會網站或母公司網站上提交任何此類報告或註冊聲明的情況下，此類文件應視爲已交付給行政代理機構)；

“提供在美國證券交易委員會的網站或母公司的網站上提交的任何此類通知、聲明或報告，應被視爲已交付給行政代理；

“(D)在根據第6.02(A)節交付每個年度合規性證書的同時，提供截至該合規性證書交付之日的每個非限制性子公司的清單(範圍是自2020年修正案生效日期和所提供的最新清單較晚的時間以來，任何子公司作爲非限制性子公司的身份或地位發生了任何變化)；以及(E)迅速提供行政代理或任何貸款人可不時透過行政代理合理地要求(I)有關受限制集團任何成員的業務、法律、財務或公司事務，或遵守貸款文件的條款，或(Ii)爲適用「了解您的客戶」及反洗錢規則及規例(爲免生疑問，包括《實益所有權條例》及《美國愛國者法案》)的目的而提供的額外資料。第6.03節。更詳細。通告

“(A)發生任何違約的風險；(B)在發生可合理預期會導致重大不良影響的ERISA事件之前；及(C)任何人對受限制集團的任何成員提起或啓動任何訴訟、訴訟、訴訟或法律程序的任何法律或衡平法上的任何訴訟、訴訟、訴訟或法律程序，或任何人提出或開始的任何書面威脅或意向通知，在每一種情況下均可合理地預期會導致實質性的不利影響。

“根據本第6.03節發出的每份通知應附有該貸款方的一名負責人員的書面聲明，說明該通知是根據第6.03(A)、(B)或(C)節(視情況而定)和(Ii)所述事件的細節交付的，並說明本公司或該借款方已就此採取或擬採取的行動。第6.04節。

“繳稅每一貸款方均須支付、解除或以其他方式清償在其正常經營業務中到期應付的有關其就其或其收入或利潤或其財產而徵收的稅款的所有義務及負債，但在以下情況下除外：(A)根據國際財務報告準則已爲其設立適當準備金的適當訴訟程序真誠地就任何該等稅款提出抗辯，或(B)未能支付或解除該等稅款不會合理地個別或合計產生重大不利影響。

“第6.05條關於保存存在等的規定每一借款方應並應促使受限集團的每一名成員：

“(A)根據其組織管轄範圍的法律，全面保存、更新和維持其合法存在，並使其合法存在；(B)應採取一切合理行動，維護對其業務的正常開展具有重要意義的所有權利、特權(包括在有關司法管轄區適用時的良好地位)、許可證、許可證和特許經營權，

“但在第6.05(A)或(B)節的情況下，除非(I)不能合理地預期不這樣做會產生個別或整體的重大不利影響，或(Ii)根據附件II允許的任何合併、合併、清算、解散或資產處置。第6.06節。物業的保養除非無法合理地預期未能做到這一點，否則每一貸款方應並應促使受限制集團的每一成員維持、維護和保護其業務運營所需的所有財產和設備，使其處於良好的工作狀態、維修和狀況，正常損耗除外，火災、傷亡或譴責除外。

“第6.07節。保險的維持

“每一貸款方應，並應促使受限集團的每一成員向保險公司維持本公司(根據其管理層的善意判斷)在相關承保範圍被放置或續期時認爲信譽良好的保險，就其財產和業務投保由從事相同或類似業務的人士通常承保的種類的損失或損害的保險，其類型和金額(在實施任何自我保險後，對於從事與受限集團從事相同或類似業務的類似業務的人士而言是合理和慣常的)由該等其他人士在類似情況下通常投保。第6.08節。更詳細。

遵守法律.

第6.09節。

書籍和記錄

每一貸款方應並應促使受限集團的每一成員保存適當的記錄和賬簿，其中的條目在所有重要方面都是完整、真實和正確的，並符合公認會計准則，反映了所有重大金融交易以及涉及受限集團成員的資產和業務的事項(據了解並同意，某些外國子公司按照其各自組織國家普遍接受的會計原則保存個人賬簿和記錄，且此類保存不構成違反本協議下的陳述、擔保或契諾)。

第6.10節。更詳細。

視察權

在違約事件持續期間或如果行政代理人有合理理由相信違約事件可能存在，以及在其他時間如果行政代理人有合理理由提出要求，公司應允許行政代理人和會計師或行政代理人的其他專業顧問和獨立承包商在合理的事先通知下：

(A)允許在正常營業時間內探訪和檢查受限制小組任何成員的財產；

(B)可以查閱其賬簿和記錄，但法律或合同禁止受限制小組的相關成員向行政代理披露的記錄除外；以及

(C)與其主要管理人員和核數師討論其業務、資產、負債、財務狀況、經營結果和業務前景；

提供

(I)與核數師的任何該等討論應僅以受限制集團任何成員公司的經審核財務報表及該等核數師簽發的任何合規證書爲依據，及(Ii)受限制集團任何成員公司的代表應有權出席與核數師的任何該等討論。

第6.11節。更詳細。

額外抵押品；額外擔保人

借款人自負費用，在符合本協議的限制和例外情況下，包括抵押品和擔保要求的規定以及任何適用抵押品文件中的任何適用限制，每一貸款方應並應促使受限制集團的每一成員採取行政代理所要求的一切必要或合理要求的行動，以確保抵押品和擔保要求繼續得到滿足，包括與本協議中要求貸款方或受限制集團的任何成員交付抵押品文件的條款有關，目的是爲擔保當事人和行政代理和/或證券受託人同意執行的任何擔保或抵押品提供擔保或抵押品。在合理的切實可行範圍內，儘快將提交給它籤立的任何該等擔保或抵押品文件。

第6.12節。

遵守環境法(A)除非在每一種情況下，不能合理地預期不這樣做會產生個別或總體的重大不利影響，否則每一貸款方應並應促使受限制集團的每一成員：(I)遵守並採取一切合理行動，促使所有承租人和其他經營或佔用其物業的人遵守所有環境法和環境許可證；(Ii)獲取並續期其運營和物業所需的所有環境許可證；以及(Iii)在每個案例中，在環境法要求限制小組的任何成員的範圍內，根據環境法在任何物業或設施進行任何必要的調查、補救或其他糾正行動，以解決有害物質問題。.

(B)如貸款各方應，並應促使受限制集團的每名成員迅速將任何環境責任或索賠(盡該借款方或受限制集團成員所知及所信)通知行政代理，而該等責任或索賠對其具有或可能產生重大不利影響或受到威脅。

(C)任何貸款方不得(且貸款方不得允許受限集團的任何成員)允許或允許在其擁有、租賃、佔用或控制的任何財產上、之下或從其擁有、租賃、佔用或控制的財產上、之下或以其他方式將任何有害物質排放、釋放、泄漏、遷移或以其他方式泄漏到環境中，而此種排放、釋放、泄漏、遷移或泄漏具有或合理地可能產生重大不利影響。第6.13節。

進一步保證

行政代理和/或證券託管人(視情況而定)可不時合理地要求擔保和其他文書，以便在抵押品和擔保要求所要求的範圍內，更有效地實現抵押品文件的目的。

同意在合理可行的情況下儘快籤立提交其籤立的任何經商定的擔保或抵押品文件。第6.14節。 .

附屬公司的指定

於2020修訂生效日期後，本公司可根據附件一及附件二的規定，隨時將任何受限附屬公司指定爲非受限附屬公司或將非受限附屬公司指定爲受限附屬公司。第6.15節。 .

所得款項用途

每一借款人應將任何借款、信用證或替代信用證的收益用於本協議未予禁止的任何目的，包括(A)爲償還受限集團的未償債務提供資金(包括爲再融資提供資金)，包括應計和未付利息以及任何預付款費用和其他相關費用，(B)爲持續的營運資金需求提供資金，(C)用於任何一般公司目的，以及(D)支付與融資或與之相關的其他交易或上述任何交易相關的費用、成本、開支和其他金額。.

結賬後的行動公司應完成或促使完成下列各項行動附表6.16

附表6.16.

第6.17節。

[保留]。

次級股東貸款。

不遲於受限制集團任何成員產生任何附屬股東貸款後45天內(或

附表6.16

附件F

，對於這樣的債務。第6.19節。.

知識產權的維護

除本協議另有允許外，每一借款方應並應促使受限集團的每一成員：.

(B)應採取必要和商業上合理的步驟(包括提起法律程序)，以防止第三方侵犯第6.19(A)節所指的知識產權，並(在不損害第6.19(A)節的原則下)採取合理可行的其他步驟，以維護和維護其在這些權利中的利益，除非不這樣做不會產生或很可能產生實質性的不利影響；以及(C)應確保與任何第三方簽訂的關於第6.19(A)節所指知識產權的任何許可安排都是在正常業務過程中以公平條款訂立的(爲免生疑問，應包括按照正常商業條款與外包有關而訂立的任何此類許可安排)，並且不會產生或合理地可能產生重大不利影響。第6.20節。更詳細。

會計實務的改變。（a）如果公司選擇對任何重大會計政策、做法或程序進行一項或多項更改，無論是由於公司在任何時候決定採用GAAP或其他原因，公司應通知行政代理，在這種情況下，

E公司應在發出通知時，就附件二第4.03(A)(1)、(2)或(3)節規定交付的財務信息的編制基礎的任何變化提供信息，

(c) (I)確認該等變動的聲明(提供合理細節)不會對綜合高級擔保淨槓桿率或綜合高級擔保淨槓桿率的運作產生實質影響，或(Ii)說明該等變動及爲使其以行政代理人合理要求的細節及格式反映該等變動前的會計政策、慣例或程序而須對該等財務資料作出的調整，與附件二第4.03(A)(1)、(2)或(3)節規定的最近完成季度的財務資料有關。(B)如果受限集團任何成員的會計政策、做法或程序發生任何變化，而不是由於公司在任何時候決定採用國際財務報告準則而導致的，如果公司通知行政代理，根據附件II第4.03(A)(1)、(2)或(3)節規定交付的財務信息測試綜合淨槓桿率和綜合高級擔保淨槓桿率的符合性不再切實可行：

(d) (I)行政代理和公司應進行談判，以期就「綜合淨槓桿率」和「綜合高級擔保淨槓桿率」的替代定義達成一致，以維持此類財務契約的一致基礎(並經所需貸款人批准)；第七條

消極契約只要任何貸款人在本合同項下承擔任何義務(除(I)未曾提出索賠的或有賠償義務，以及(Ii)根據《金庫服務協議》或有擔保的套期保值協議項下已作出令適用對沖銀行合理滿意的安排的義務外)，任何應計和應付的貸款或其他義務將繼續未付或未清償，或任何信用證或替代信用證仍未清償(除非與此相關的L/信用證債務的未償還金額已被適用的L/信用證發行人或L/信用證發行人合理滿意的信用證作了現金抵押或支持，如適用，或該信用證或替代信用證已被視爲根據適用的L/信用證或替代L/信用證(視適用情況而定)合理接受的另一協議重新簽發)，則自2020年修訂生效日期起及之後：第7.01節。以下內容：

附件二。每一貸款方應在下文和本協定附件二規定的範圍內，促使每一家受限制子公司遵守本協定附件二所列的契諾。第7.02節。以下內容：財務契約(A)除第8.04節另有規定外，本公司不得允許在任何合規日期，相關測試期的綜合高級擔保淨槓桿率在該合規日期超過5.00至1.00。

財務契約

(B)評估截至履約日期(「財務公約」)是否違反了財務公約
首次合規日期

「)，但在下一次合規日期(」第二次合規日期.

)，則先前違反財務契約或由此引起的任何違約事件不應(或應被視爲不)直接或間接構成或導致貸款文件中的任何陳述、擔保、承諾或其他條款的違約或違約或違約事件(第二次合規日期視爲治癒

“)除非行政代理在第二個合規日期的財務報表交付前已根據第(B)款和第8.02節最後一段採取任何加速行動；

提供

爲了適用第二個被視爲治癒的合規日期，財務公約應在該第二個合規日期進行測試(儘管該第二個合規日期可能不是一個合規日期)。(C)如就財務公約的任何詮釋或計算產生爭議，則以本公司核數師的詮釋或計算爲準。

(D)由於本第7.02節的規定僅爲財務公約循環信貸承諾的目的，所需循環信貸貸款人可在未經除所需循環信貸貸款人以外的任何貸款人同意的情況下，按照第10.01(A)節的規定修改、放棄或以其他方式修改本第7.02節或爲本第7.02節的目的而使用的定義術語，或放棄因違反本第7.02節而導致的任何違約或違約事件。第八條違約事件和補救措施第8.01節。違約事件

自2020修正案生效日期起及之後，下列任何情況均應構成違約事件(違約事件.

（a）不付款。任何貸款方未能(I)在任何貸款本金到期後的三個工作日內，按照本合同的要求支付任何金額的貸款本金，或(Ii)在貸款到期後五個工作日內支付任何貸款的利息或根據本協議或就任何其他貸款文件應支付的任何其他金額；或（b）特定可卡因。任何貸款方未能履行或遵守附件二第4.07、4.09、4.10、4.11、4.12或4.15節中的任何條款、契諾或協議；或其他默認設置

(I)如果任何借款方未能履行或遵守附件二第4.03節(關於提供財務信息)或本協議第6.02節中包含的任何條款、契諾或協議，並且在(A)公司收到行政代理的書面通知和(B)該借款方意識到不遵守後90天內仍未履行；

(Ii)如果任何借款方未能履行或遵守其本身要履行或遵守的任何貸款文件中所載的任何其他條款、契諾或協議(第8.01(A)節、第8.01(B)節或第8.01(C)(Iii)節中未規定的條款、契諾或協議)，並且在(A)公司收到行政代理的書面通知和(B)該借款方意識到該不遵守之後的30天內仍未履行或遵守該條款、約定或協議；(Iii)如果任何貸款方未能履行、遵守或遵守《財務公約》，並且這種不履行、遵守或遵守的行爲未根據第7.02(B)節或第8.04節得到糾正；提供不遵守財務契約不應構成違約事件，除非和直到所需的循環信貸貸款人因不遵守財務契約而根據第8.02節採取行動或指示行政代理採取行動，且該行動在該日期或之前未被撤銷；或申述及保證

。任何貸款方在本合同中、在任何其他貸款文件中、或在要求與本文件或相關文件一起交付的任何文件中作出或被視爲作出的任何陳述、保證、證明或事實陳述，在作出或被視爲作出時，應在任何實質性方面(或就任何有關「重要性」的陳述和保證而言，在任何方面(在其中的任何限定生效之後)在任何方面是不正確的)，並且在該陳述或保證能夠補救的情況下，在(I)公司收到行政代理的書面通知和(Ii)借款方意識到該失實陳述後30天內，該失實陳述沒有得到補救；或

（e）

交叉默認。(I)除第8.01(E)(Iii)節另有規定外，(A)受限制集團成員的任何債務在到期時或在任何原來適用的寬限期內未予償付，(B)受限制集團成員的任何債務因與該債務有關的文件下的違約事件(無論如何描述)而提前到期和支付或應要求支付，或(C)受限制集團成員的任何債務變得能夠被提前宣佈並應付或應要求支付，在每一種情況下，由於與該債務有關的文件中的違約事件(無論如何描述)；(Ii)除第8.01(E)(Iii)節另有規定外，(A)本公司直接控股公司、獲准關聯母公司或關聯子公司的任何債務本金在到期時或在任何原來適用的寬限期內未予償付，或(B)本公司的直接控股公司、覈准關聯母公司或關聯子公司的任何債務因與該債務有關的文件下的違約事件(無論如何描述)而提前到期和應付或被要求支付；,(Iii)如果不屬於本第8.01(E)節規定的違約事件：(A)第8.01(E)(I)節或第8.01(E)(Ii)節規定的任何事件所涉及的所有債務的本金總額(或如果相關債務涉及利率協議、商品協議或貨幣協議，則爲(適用的)金額或價值)低於門檻金額或以其他貨幣表示的等值；(B)本可導致根據第8.01(E)條發生失責事件的情況，現正真誠地以適當行動予以抗辯；。(C)有關債務是否以現金作抵押，而該等現金是否可供運用以清償該等債務；。(D)[預留]；。(E)

如果此類債務是受限制集團的一名成員欠受限制集團的另一名成員的；或(F)對於任何非財務契約循環信貸承諾的貸款或承諾，由於未能遵守財務契約，除非與直到所需的循環信貸貸款人因未能遵守財務契約而根據第8.02節採取行動或指示行政代理採取行動；或

（f）

無力償債程序等

(I)允許任何借款人或任何其他作爲重要附屬公司的貸款方根據任何債務人救濟法發起或同意提起任何法律程序，或爲債權人的利益作出轉讓；或申請或同意爲其或就其財產的全部或任何重要部分委任任何接管人、受託人、保管人、財產保管人、行政接管人或類似人員；或任何接管人、受託人、保管人、財產保管人、清盤人、康復人、管理人、行政接管人或類似人員在沒有該等人的申請或同意的情況下獲委任，而該項委任繼續未獲解除或擱置60天；或根據任何債務人救濟法提起的與任何這種人或其財產的全部或任何重要部分有關的任何程序，在未經該人同意的情況下繼續進行60天，或在第8.01(F)(I)節的每一種情況下，在任何這種程序中作出濟助命令，但作爲任何有償付能力的清算的結果或與任何有償付能力的清算有關的除外；或(Ii)在本公司的直接控股公司後，覈准聯營母公司或聯屬附屬公司根據任何債務救濟法設立或同意提起任何法律程序，或爲債權人的利益作出轉讓；或爲該公司或其全部或任何重要部分申請或同意委任任何接管人、受託人、保管人、財產保管人、行政接管人或類似高級人員；或任何接管人、受託人、保管人、保管人、清盤人、康復者、管理人、行政接管人或類似高級人員在沒有該等人士的申請或同意下獲委任，而該項委任繼續未獲解除或擱置60天；或根據任何債務人救濟法提起的與任何這種人或其財產的全部或任何重要部分有關的任何程序，在未經該人同意的情況下繼續進行60天，或在第8.01(F)(Ii)節的每一種情況下，在任何這種程序中作出濟助命令，但作爲任何有償付能力的清算的結果或與任何有償付能力的清算有關的除外；或（g）

依附

。任何令狀或扣押令或執行令或類似的法律程序文件，是針對受限制集團的財產的全部或任何重要部分而發出或徵收的，而該等令狀或扣押令或扣押令可合理地預期會導致重大的不良影響，而該扣押令或扣押令在發出或徵收後60個月內仍未獲發還、騰出或完全擔保；或

（h）

判決。任何貸款方或任何屬重要附屬公司的受限制附屬公司已作出最後的不可上訴的判決及命令，要求支付總額超過最低限額的款項(以保險人已獲通知該項判決或命令且沒有拒絕承保的獨立第三者保險所承保的範圍爲限)，而該判決或命令不得在上訴期間連續60天內獲得履行、撤銷、解除、暫停或擔保；或.

貸款文件的失效(I)對於(A)任何貸款文件的任何實質性規定，在其籤立和交付後的任何時間，由於本協議或其明文允許的任何理由(包括作爲資產處置和附件二第4.15節允許的交易的結果)，或由於行政代理或任何貸款人的作爲或不作爲或全部履行義務(或有償還或賠償義務除外)，不再完全有效和有效；或(B)任何貸款方以書面形式質疑任何貸款文件的任何規定的有效性或可執行性，或抵押品重要部分的抵押品文件所要求的留置權的有效性或優先權；或(C)任何貸款方以書面形式否認其在任何貸款文件下負有任何或進一步的責任或義務(全額償還債務和終止總承諾的結果除外)，或聲稱以書面撤銷或撤銷任何貸款文件；或

(Ii)在本公司的直接控股公司之後，獲准關聯母公司或關聯子公司在任何具有司法管轄權的法院的任何訴狀中以書面形式斷言，由公司股份質押(或與任何獲准關聯母公司或關聯子公司有關的同等貸款文件)設定的對公司股份的留置權是無效或可強制執行的，並且這種違約持續60天；或(J)保留[保留]；或（k）抵押品文件。(I)根據第6.11、第6.13、第6.16或第6.17節交付的任何抵押品文件，應因任何原因(根據本協議條款或其條款，包括因本協定不受禁止的交易的結果)不再產生有效和完善的留置權，抵押品文件所要求的對據稱涵蓋的抵押品的任何實質性部分的擔保權益的優先權，只要此類抵押品的公平市場價值超過10000萬，受附件二第4.12節允許的留置權的限制。除非根據抵押品和擔保要求，或由於行政代理和/或證券託管人(視情況而定)未能保持對實際交付給它的代表根據抵押品文件質押或抵押的證券的證書的佔有，或未能提交統一商業代碼延續聲明，或(Ii)抵押品文件設定或聲稱設定的任何留置權(涉及公允市場價值超過10000美元萬的抵押品)，則行政代理和/或證券受託人(視情況而定)不再具有任何適用的債權人間協議設定的留置權優先權；或

ERISA。(I)與養老金計劃或多僱主計劃有關的ERISA事件已經導致或可以合理地預期導致貸款方或ERISA關聯公司的總金額導致重大不利影響，或(Ii)在任何適用的寬限期到期後，貸款方或任何ERISA關聯公司未能在任何適用的寬限期到期後支付與其根據ERISA第(4201)條規定的提取責任有關的任何分期付款，總額可以合理預期會導致重大不利影響；提供在本協議允許的任何收購或投資的清理期間，第8.01(B)條、第8.01(C)(I)條、第8.01(C)(Ii)條或第8.01(D)(I)條中對任何貸款方、受限集團的任何成員或重要子公司的提及將不包括根據本協議允許的收購或投資收購的任何實體或資產，如果相關事件或情況如果不是本但書的實施，構成違反陳述及保證或違反契諾或潛在或實際違約事件(I)在根據本協議准許的收購或投資日期之前已存在，(Ii)能夠在該清理期間內補救，且在知悉該事件或情況後正採取合理步驟以確保該事件或情況正得到補救，(Iii)未獲受限制集團任何成員取得或批准，及(Iv)未導致或不能合理地預期會導致重大不利影響。第8.02節。以下內容：

在失責情況下的補救

如果任何違約事件發生並仍在繼續，管理代理可採取下列任何或所有行動，並應所需貸款人的要求採取行動：

(A)應宣佈每個貸款人對貸款的承諾以及L/C發行人或替代L/C發行人終止L/C信用展期的任何義務，該等承諾和義務即告終止；

(B)無需出示、要求、拒付或其他任何形式的通知，即可宣佈所有未償還貸款的未付本金、所有應計和未付利息，以及根據本協議或任何其他貸款文件所欠或應付的所有其他款項立即到期和應付，所有這些均由借款人在此明確免除；

(C)可以要求適用的借款人將L/C債務抵押(金額相當於當時的未償還金額)；以及

(D)代表自身和貸款人行使其和貸款人根據貸款文件或適用法律可享有的一切權利和補救辦法；

提供

根據《破產法》或任何債務人救濟法，一旦實際或被視爲已向借款人發出救濟令，各貸款人發放貸款的義務以及L/信用證發行人或L/信用證替代發行人進行L/信用證信用延期的義務將自動終止，所有未償還貸款的未償還本金以及上述所有利息和其他金額將自動到期並支付，適用借款人將上述L/信用證債務變現的義務將自動生效，在任何情況下，行政代理或任何貸款人均不再採取進一步行動。

即使有任何相反的規定，如果當時發生並繼續發生的唯一違約事件是由於未能遵守財務契約，行政代理應僅應所需循環信貸貸款人(而不是所需貸款人)的要求採取第8.02節所述的行動。第8.03節。以下內容：

資金的運用

除非任何適用的再融資修正案對適用的再融資定期貸款項下的債務另有規定(在每種情況下，對此類貸款的持有人的利益不得比下文所述的分配更有利)，並受適用的債權人間協議的約束，在行使第8.02節規定的補救措施後(或在貸款自動成爲立即到期和應付的，並且L/C債務已被自動要求按第8.02節的但書規定進行現金抵押之後)，行政代理應按下列順序(在適用法律強制性規定允許的最大範圍內)使用因債務而收到的任何款項：

第一支付構成費用、賠償、開支和其他金額(本金和利息除外，但包括根據第10.04條應支付的律師費和根據第三條應支付的金額)的債務部分，以行政代理人的身份支付；”); 第二，支付構成向貸款人支付的費用、賠償和其他金額(本金和利息除外)的那部分債務(包括根據第10.04條應支付的律師費和根據第III條應支付的金額)，其中按本條所述金額的比例遞增第二支付給他們;第三，支付構成貸款應計利息和未付利息的債務部分、L信用證借款、L信用證替代借款以及根據庫務協議或有擔保套期保值協議應支付的任何費用、保費和定期付款，按本條所述各自金額的比例在擔保各方之間按比例分配。

第三

第四

爲償付構成未支取本金的那部分債務，L信用證借款(包括將L信用證債務中未支取的總金額構成的部分進行現金抵押)和L/C另類借款(包括將L/C的債務中由另類信用證的未支取總金額構成的部分進行現金抵押)以及根據金庫服務協議或有擔保的對沖協議根據金庫服務協議或有擔保的對沖協議進行的任何毀損、終止或其他付款，按本條所述各金額的比例在擔保各方之間按比例遞增第四由他們持有；第五支付貸款當事人在該日到期並應支付給行政代理和其他擔保當事人的所有其他債務，按比例根據該日欠行政代理和其他擔保當事人的所有此類債務的總額計算；以及最後的在向適用借款人全額償付所有債務或適用法律另有要求後的餘額(如有)。

儘管有上述規定，從任何擔保人收到的任何金額均不適用於該擔保人的任何除外互換義務。根據第2.03(C)節的規定，根據第2.03(C)節的規定，用於將信用證或替代信用證未提取的總金額變現的金額第四

上述條款應適用於滿足該等信用證或其他適用信用證項下的付款要求。如果在所有信用證或所有替代信用證(視情況而定)全部提取或到期後，仍有任何金額作爲現金抵押品存放，則剩餘金額應按上述順序用於其他債務(如果有)，如果沒有未償還的債務，則應支付給借款人。

第8.04節。以下內容：

借款人的救濟權

即使第8.01節或第8.02節中有任何相反規定：(A)爲確定財務契約項下的違約事件是否已經發生，借款人可一次或多次指定從任何附屬股東貸款、出售或發行受限制集團成員的合資格股權或向受限制集團成員的普通股出資(或從任何其他出資或按行政代理人合理滿意的條款發行任何其他股權)所得現金淨額的任何部分(“固化量

“)根據借款人的選擇，增加綜合EBITDA或從適用財政季度的債務計算中扣除；

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(I)該受限制集團成員在該適用財政季度的第一天或之後，以及在須就該適用財政季度呈交財務報表的日期後的第15個營業日或之前，實際收到該等將予指定的款項，而該財務報表顯示該財務契約已被違反(“治癒過期日期「)，(Ii)該等金額不超過截至該日期根據《財務契約》補救任何違約事件所需的總金額，及(Iii)借款人應在該等款項被指定爲」補救金額“之日向行政代理發出通知(有一項理解，即在交付適用期間的合規證書之前發出任何此類通知的情況下，指定爲補救金額的該等現金淨收益的金額可能不同於根據《財務契約》補救任何違約事件所需的金額，並可在必要時修改，在失效日期或之前提交的隨後更正的通知(不言而喻，在任何情況下，治癒金額的最終指定應繼續受制於上文第(I)和(Ii)款所述的要求)。在計算包含該會計季度的每個測試期的綜合EBITDA或負債時，應使用並計入用於計算該會計季度的綜合EBITDA或債務的Cure金額。(B)或雙方特此確認，除確定實際遵守第7.02條以外，不得將本條款第8.04條用於計算任何財務比率(且不符合本協議任何其他條款所要求的形式上符合第7.02條)，並且不得導致任何金額(包括債務金額)的任何調整或現金的增加(並且在確定定價時不得包括在內)。強制性預付款和根據第VII條下的任何契約允許的可獲得性或金額)，用於支付上述賠償金額的季度，但不包括前一句中提到的綜合EBITDA或債務的金額。(C)根據第8.04(A)節的規定，(I)在受限集團成員實際收到並指定賠償金額時，財務契約應被視爲在相關財政季度結束時得到滿足和遵守，其效力如同沒有未能遵守財務契約一樣，且財務契約下的任何違約事件(以及僅因此而產生的任何其他違約或由此產生的違約事件)應被視爲沒有就貸款文件而言發生，和(Ii)在補救到期日之前向行政代理交付該借款人的通知，表明其誠意行使第8.04節規定的權利，則在適用季度的最後一天或之後，行政代理或任何貸款人不得根據財務契約項下的任何實際或據稱的違約事件(以及任何其他違約事件或由此導致的違約事件)行使第8.02節(或任何其他貸款文件)下的任何權利或補救措施，直至且除非發生了治癒到期日而未收到並指定賠償金額。(D)在連續四個會計季度的每個期間內，應至少有兩個會計季度未行使本節第8.04節規定的治癒權。(E)在設施使用期間，不得超過五個財政季度行使本節第8.04節規定的治癒權；

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(d) 那,

只要初始循環信貸承諾不再未償還，在初始循環信貸承諾的最新到期日之後，可能還會有一個財政季度，在該財政季度中，在任何循環信貸承諾的期限內，行使第8.04節規定的補救權利。

第九條

管理代理和其他代理

第9.01節。委任及主管當局(A)對於每一貸款人和每一名L/信用證發票人和L/信用證替代發票人，特此不可撤銷地指定豐業銀行代表其作爲本協議項下和其他貸款文件下的行政代理，並授權行政代理代表其採取本協議或本協議條款授予行政代理的行動和行使其權力，以及合理附帶的行動和權力。除第9.06款(僅涉及第9.06款所述借款人的撤換和同意權)和第9.10條(僅涉及與其中所述抵押品文件和其他抵押品文件有關的籤立、存檔和其他訴訟的要求)外，第IX條的規定僅用於行政代理、證券託管人、貸款人和每一名L/信用證發行人和替代L/信用證發行人的利益，任何貸款方或設保人均無權作爲任何此類規定的第三方受益人。

(B)*擔保受託人應擔任貸款文件項下的「抵押品代理」，每個貸款人(包括以其潛在對沖銀行的身份)和每個L/C發行人和替代L/C發行人承認並同意，在成爲本協議和任何適用的債權人間協議的當事一方時，它應已指定並授權擔保受託人擔任該貸款人的代理人；L/C發行人和L/C替代發行人的目的是(I)爲擔保當事人的利益獲取和持有抵押品文件下的擔保權益，以及(Ii)對任何貸款方授予的抵押品執行任何和所有留置權，以擔保任何義務，以及合理附帶的權力和酌情決定權，包括在不限制前述規定的一般性的原則下，證券受託人(A)籤立關於抵押品的任何和所有文件(包括免除)以及有擔保當事人關於抵押品的權利(包括任何債權人間協議)，按照本協議和抵押品文件的規定並按照本協議和抵押品文件的規定，證券託管人採取的任何此類行動應對每一出借人、L/C出借人和L/C出借人具有約束力，並且(B)在所需出借人的指示下，就影響出借人身份的任何索賠、訴訟或訴訟進行談判、強制執行或和解，這些談判、強制執行或和解將對每一有擔保的當事人具有約束力。

第9.02節。以下內容：

作爲貸款人的權利

擔任本協議項下的行政代理和/或證券受託人的人應以貸款人的身份享有與任何其他貸款人相同的權利和權力，並可行使相同的權利和權力，如同其不是行政代理和/或證券受託人(視情況而定)一樣，除非另有明確說明或文意另有所指，否則術語「貸款人」應包括以個人身份擔任本協議項下的行政代理和/或證券受託人的人。該等人士及其附屬公司可接受貸款方或其任何附屬公司或其他附屬公司的存款、貸款、擔任財務顧問或任何其他顧問身份，以及一般地與貸款方或其任何附屬公司或其他附屬公司進行任何類型的業務，猶如該人士並非本協議項下的行政代理及/或證券受託人，且無責任向貸款人作出交代。

第9.03節。以下內容：

免責條款

行政代理和證券託管人不應承擔任何職責或義務，但在本協議和其他貸款文件中明確規定的除外。在不限制前述一般性的原則下，行政代理和證券受託人：(A)債權人不應承擔任何受託責任或其他默示義務，無論違約是否已經發生並正在繼續；

(B)債權人無責任採取任何酌情行動或行使任何酌情決定權，但行政代理及/或擔保受託人(或本協議或其他貸款文件明確規定的其他貸款文件明確規定的數目或百分比的貸款人)按所需貸款人的書面指示(或本文件或其他貸款文件明確規定的其他數目或百分比的貸款人)須行使的酌情決定權和權力除外。提供不得要求行政代理和/或證券受託人採取其認爲或其律師認爲可能使行政代理和/或證券受託人承擔責任或違反任何貸款文件或適用法律的任何行動；(C)除本文和其他貸款文件中明確規定的外，銀行不承擔任何責任披露任何與借款人或其任何關聯公司有關的信息，而該信息是以任何身份傳達給擔任行政代理的人和/或證券受託人或其各自的關聯公司，或由其以任何身份獲得的，因此不承擔任何責任；(D)對於(I)經所需貸款人(或必要的其他數目或百分比的貸款人，或行政代理和/或證券受託人善意相信在第10.01和8.02節規定的情況下是必要的其他數目或百分比的貸款人)或(Ii)在其本身沒有嚴重疏忽或故意不當行爲的情況下采取或不採取的任何行動，行政代理和/或證券受託人不承擔責任；(E)除非貸款方、貸款人、L/信用證發行人或L/信用證替代發行人向行政代理和/或證券受託人(視情況而定)發出描述該違約的書面通知，否則應被視爲不知道有任何違約；以及(F)客戶不負責或有責任確定或調查(I)在本協議或任何其他貸款文件中或與本協議或任何其他貸款文件有關的任何陳述、保證或陳述，(Ii)根據本協議或根據本協議或與本協議有關或與本協議相關的任何證書、報告或其他文件的內容，(Iii)本協議或其中所載的任何契諾、協議或其他條款或條件的履行或遵守或任何違約的發生，(Iv)本協議、任何其他貸款文件或任何其他協議、文書或文件的有效性、可執行性、有效性或真實性，或(V)任何抵押品的價值或充分性，或(Vi)滿足第四條或本協議其他規定的任何條件，但確認收到明確要求交付給行政代理和/或證券受託人(視情況而定)的項目除外。

第9.04節。管理代理和安全受託人的依賴行政代理和安全託管人有權相信任何通知、請求、證書、同意、聲明、文書、文件或其他文字(包括任何電子信息、互聯網或內聯網網站張貼或其他分發)是真實的，並已由適當的人簽署、發送或以其他方式進行驗證，因此不會因此而招致任何責任。行政代理和證券託管人也可以依靠口頭或電話向其作出的任何聲明，並被其認爲是由適當的人作出的，並且不因依賴而招致任何責任。在確定貸款、信用證或替代信用證的出具是否符合本協議項下的任何條件時，除非行政代理和/或擔保受託人(視情況而定)在發放貸款或簽發信用證或替代信用證之前已收到該貸款人、L/信用證發行人或替代L/信用證發行人的相反通知，否則行政代理和擔保託管人可推定該條件令該貸款人、L/信用證發放人或替代L/信用證發放人滿意。續期或增加此類信用證或替代信用證。行政代理和證券受託人可以諮詢法律顧問(他們可能是借款人的律師)、獨立會計師和由其選定的其他專家，並不對其按照任何該等律師、會計師或專家的建議採取或不採取的任何行動負責。第9.05節。職責轉授

行政代理和證券受託人可以通過或通過由行政代理和/或證券受託人(視情況而定)指定的任何一個或多個「美國人」和財政部條例1.1441-1所指的「金融機構」(可能是行政代理和/或證券受託人的附屬機構)，履行其在本協議或任何其他貸款文件下的任何和所有職責，並行使其權利和權力。本條款第九條的免責條款以及行政代理和證券受託人(如適用)根據第10.08節承擔的保密義務應適用於任何此類分代理、適用於行政代理和證券受託人的相關方以及任何此類次級代理，並應適用於它們各自與本條款規定的信貸便利辛迪加有關的活動，以及作爲行政代理和/或證券受託人的活動。行政代理和證券託管人不對任何次級代理的疏忽或不當行爲負責，除非有管轄權的法院在不可上訴的最終判決中裁定行政代理和/或證券受託人(視情況而定)在選擇該次級代理時存在嚴重疏忽或故意不當行爲。第9.06節。行政代理和證券受託人的辭職

行政代理人及/或證券受託人可在向貸款人及本公司發出十日書面通知後，辭去行政代理人及/或證券受託人(視何者適用而定)的職務；但如在該十天期間內並無按照下列條款委任繼任代理人，則行政代理人及/或證券受託人(視何者適用而定)不得辭職，直至(A)委任繼任代理人之日或(B)該十日期間最後一日後30日之日兩者中較早者爲準。如果行政代理和/或證券受託人遭遇與代理相關的困境事件，所需貸款人可在十天通知後將行政代理和/或證券受託人(如適用)撤職。當行政代理和/或證券受託人根據第9.06條辭職或被免職時，所需貸款人應從貸款人中指定一名「美國人」和一家「金融機構」作爲貸款人的繼任代理人，該「美國人」和「金融機構」的含義符合財務條例1.1441-1的規定，除第8.01(A)或(F)條規定的違約事件發生期間外，該任命須經本公司同意(本公司可自行決定拒絕同意)。如果在行政代理人和/或證券受託人辭職或免職生效日期之前，所需貸款人沒有指定繼任代理人，則退休或被免職的行政代理人和/或證券受託人(視情況而定)可在與貸款人和本公司協商後，從貸款人中指定一名繼任代理人，該代理人是「美國人」和財政部條例1.1441-1所指的「金融機構」；但如行政代理人及/或證券受託人(視何者適用而定)通知本公司及貸款人並無合資格人士接受該項委任，則該項辭職仍須根據該通知生效，且(I)卸任或被免任的行政代理人及/或證券受託人將被解除其在本協議及其他貸款文件項下的職責及義務(但如屬行政代理人或證券受託人代表貸款人持有的任何抵押品擔保，則爲L/信用證發行人或L/信用證的替代發行人；即將退休或被撤職的行政代理人或證券託管人應繼續持有該等附屬擔保，直至指定繼任行政代理人或證券託管人爲止)及(Ii)由行政代理人及/或證券託管人(視情況而定)或透過行政代理人及/或證券託管人(視何者適用而定)作出的所有付款、通訊及決定，應由或直接由各貸款人、L/信用證發行人或L/信用證替代者直接作出，直至所需貸款人按本第9.06節上文所述指定繼任行政代理人及/或證券託管人爲止。只要沒有違約或違約事件發生且仍在繼續，本公司可行使絕對酌情權，向行政代理及/或證券受託人(視何者適用而定)發出通知，要求行政代理及/或證券受託人(視何者適用而定)提前15天辭職，在此情況下，行政代理及/或證券受託人(視何者適用而定)須辭職，本公司須委任一名繼任行政代理及/或證券受託人(未經任何貸款人同意)。公司可在設施使用期間兩次行使此項權利更換管理代理和/或安全託管人。在接受繼任者作爲行政代理或安全受託人的任命後，該繼任者將繼承並被授予即將退休的(或已退休的)行政代理或安全受託人的所有權利、權力、特權和職責(視情況而定)。在辭職或免職時，退休或被免職的行政代理或證券託管人應解除其在本協議或其他貸款文件項下的所有職責和義務(如果尚未按照本第9.06節的規定解除)。應支付的費用除非本公司與該繼承人另有協議，否則本公司支付給繼任行政代理或證券受託人的款項，應與於2020年修訂生效日期向其前身支付的款項相同。在退役的行政代理或安全受託人辭職或被免職的行政代理或安全受託人根據本條款和其他貸款文件被免職後，就退役或被免職的行政代理或安全受託人在擔任行政代理或安全受託人(視情況而定)時他們中的任何一人所採取或未採取的任何行動而言，本條第九條以及第10.04和10.05節的規定應繼續有效，以使該退職或被免職的行政代理或安全受託人、其子代理及其各自的關聯方受益。退役或被撤職的行政代理或安全受託人應繼續受第10.08條的約束。

第9.07節。以下內容：

每一貸款人，L/信用證發行人和L/信用證替代發行人均承認，其已在不依賴行政代理、證券託管人或任何其他貸款人或其任何關聯方的情況下，根據其認爲適當的文件和信息，獨立地作出了自己的信用分析和決定，以簽訂本協議。每一貸款人、L/信用證發放人和L/信用證替代者也承認，其將在不依賴行政代理、證券託管人或任何其他貸款人或其任何關聯方的情況下，根據其不時認爲適當的文件和信息，繼續自行決定是否根據本協議、任何其他貸款文件或任何相關協議或根據本協議或根據本協議提供的任何文件採取或不採取行動。

(i) 第9.08節禁止執行其他職責等。儘管本協議有任何相反規定，本協議封面所列的行政代理人、證券託管人或簿記管理人或安排人均不具有本協議或任何其他貸款文件項下的任何權力、責任或責任，但以行政代理人、證券託管人、貸款人、L/信用證發行人、L/信用證替代發行人或(就下文第10.01(G)條而言)本協議項下安排人的身份除外。

第9.09節。以下內容：行政代理可提交索賠證明；信用投標在根據任何債務人救濟法或任何其他司法程序對任何貸款方的任何訴訟懸而未決的情況下，行政代理(無論任何貸款或L/C債務的本金是否如本文所述或以聲明或其他方式到期並應支付，也不論行政代理是否應向借款人提出任何要求)應有權通過干預或以其他方式對該訴訟進行干預並賦予其權力，但不承擔義務：

L/C除非行政代理及/或證券受託人(視情況而定)已向適用的對沖銀行發出有關該等債務的書面通知，以及行政代理及/或證券受託人(視情況而定)可能要求提供的證明文件，否則核實是否已就任何庫務服務協議及有擔保對沖協議項下產生的債務支付或作出其他令人滿意的安排。第9.12節。以下內容：

預扣稅賠償

(m) 在任何適用法律要求的範圍內，行政代理可以從任何貸款人的任何付款中扣繳相當於任何適用預扣稅的金額。在不限制或擴大第3.01節的規定的情況下，每一貸款人應賠償行政代理人，使其不受損害，並應在提出要求後十天內就此向行政代理人賠償任何及所有稅款，以及因行政代理人因任何原因(包括未交付適當表格或未正確執行)而對行政代理人產生或針對行政代理人產生或聲稱的任何及所有相關損失、索賠、債務和支出(包括行政代理人的任何費用、收費和支出)。或者因爲貸款人沒有通知行政代理機構情況的變化，導致免徵或減少預扣稅無效)。由行政代理交付給任何貸款人的關於此類付款或債務的金額的證明，在沒有明顯錯誤的情況下，應是決定性的。各貸款人特此授權行政代理隨時抵銷和運用本協議或任何其他貸款文件項下欠該貸款人的任何和所有款項，抵銷本節規定的應付行政代理人的任何款項。本節第9.12節中的協議在行政代理人辭職和/或更換、貸款人進行任何權利轉讓或替換以及償還、清償或履行所有其他義務後仍然有效。爲免生疑問，就本第9.12節而言，「貸款人」一詞應包括任何L/信用證發放人、任何L/信用證替代者和任何擺動額度貸款人。第9.13節。以下內容：

債權人間協議貸款人在此授權行政代理訂立本協議允許的任何債權人間協議或其他書面債權人間協議，貸款人承認任何此類債權人間協議或安排將對貸款人具有約束力。第十條其他第10.01條。其他修訂等。

(A)除本協議另有規定外，如果行政代理事先得到所需貸款人的書面同意，且貸款各方可不時以書面同意修改任何貸款文件，或同意或放棄任何貸款文件的任何要求，以及如此商定的任何修訂、同意或豁免，則行政代理應對所有融資方和貸款方具有約束力；

提供任何因未能履行或遵守財務契約或第8.04條而導致的任何違約或違約事件的任何更改，以及在每種情況下與之相關的任何定義(因爲其中使用了任何此類定義，但不是本協議或任何其他貸款文件中使用的定義)或放棄任何違約或違約事件，只需徵得所需循環信貸貸款人的同意。爲免生疑問，任何與本協議有關的修訂只應根據本協議的規定作出，而與利率協議、商品協議或貨幣協議有關的任何修訂只應根據該利率協議、商品協議或貨幣協議的規定作出，在每種情況下，即使貸款文件有任何其他規定，亦不得作出任何修訂。

與下列事項有關的修訂、同意或豁免(包括與該等修訂、同意或豁免有關的任何技術性相應修訂)，可在受影響的每一貸款人事先書面同意下作出，而無須任何其他貸款人同意：(I)在不損害第2.14條的情況下，不增加該貸款人任何承諾的本金金額；(Ii)減少貸款人根據本協議從任何貸款方收到或收回的任何款項的比例(無論是通過抵銷、合併帳戶或其他方式)，該貸款人有權獲得；

(Iii)任何貸款方或本協議的任何其他方根據本協議應支付給貸款人的任何貸款、任何信用證或替代信用證或任何利息、手續費或其他金額的任何適用利率或本金減少；(4)確保貸款文件項下任何金額的支付貨幣發生任何變化；.

(V)除非另有規定，否則允許任何借款方或本協議的任何其他一方推遲向該貸款人支付本協議項下的任何本金、利息、手續費或任何其他款項的日期；(Vi)允許推遲任何到期日；(Vii)取消對所需貸款人、所需循環信貸貸款人的定義中所列百分比的任何減少，或任何其他規定，具體說明根據貸款文件採取任何行動所需的貸款人數量或貸款或承諾的比例；(Ix)允許對第8.03節進行任何更改；或(B)如果行政代理可以代表任何財務方實施本條款10.01所允許和批准的任何修改或豁免。, (C)考慮下列情況的任何修正或豁免：(I)該條款只涉及適用於某一類別貸款或貸款的權利或義務；及

(Ii)這不會對貸款人關於任何其他類別的貸款或貸款的權利或利益產生實質性和不利的影響，可根據本第10.01條作出，但在本第10.01條中，如提及特定比例的貸款人(爲免生疑問，包括每名受影響的貸款人)，若非根據本第10.01(C)條，該項修訂或豁免即須獲得該比例貸款人的同意，方可參與該特定類別的貸款或貸款。(D)即使有第10.01條的任何其他規定，行政代理仍可隨時同意借款人對任何貸款文件進行任何修改，而無需貸款人的同意或批准；提供行政代理認爲(合理行事)該等修改：

(A)這樣做不會對任何貸款人的地位造成實質性損害；或

(C)它是正式的、次要的、操作的或技術性質的，或者是爲了糾正明顯的錯誤、歧義、遺漏、缺陷或不一致；或

(D)它是對貸款文件進行必要和適當的更改，以實現第2.05(A)(V)節所述的發售程序。

(Ii)*任何此類修改應按行政代理合理決定的條款進行，對財務各方具有約束力，並應由行政代理在可行的情況下儘快通知財務各方。

(E)保留[保留]。

即使本條款10.01中有任何相反規定，在與本協議相關的情況下籤署的擔保、附帶擔保文件和相關文件可採用行政代理合理確定的形式，並可應借款人的請求在行政代理的同意下與本協議一起修改和放棄，而無需徵得任何其他貸款人的同意，前提是此類修改或放棄的交付是爲了(I)遵守當地法律或當地律師的建議，(Ii)消除含糊、遺漏或缺陷，或(Iii)導致此類保證，抵押品擔保文件或與本協議及其他貸款文件一致的其他文件。儘管本協議有任何相反規定，但如果行政代理應貸款方的要求向貸款人發送了對任何貸款文件任何條款的豁免或修改請求，則在收到該請求後十個工作日內(或在行政代理和借款人指定的其他期限內)未對該請求作出回應的每一貸款人應被排除在計算範圍之外，以確定是否批准了對該豁免或修改的必要同意。即使貸款文件中有任何相反規定，經任何貸款方同意，融資方可以放棄、放棄或以其他方式不可撤銷地放棄其在任何貸款文件下的全部或任何權利。

(d) 第10.02節。

通知和其他通信；傳真副本

（a）

通知；效力；電子通信。一般告示。除明確允許通過電話發出的通知和其他通信外(且除第10.02(A)(Iii)節規定的情況外)，本協議規定的所有通知和其他通信均應以書面形式，並應以專人或隔夜快遞服務、掛號信或傳真機郵寄的方式送達，且本協議明確允許通過電話發出的所有通知和其他通信應通過適用的電話號碼發出，如下所示：

(I)將通知本公司、任何借款人、行政代理、L/信用證發行人、L/信用證替代發行人或週轉出借人的地址、複印機號碼、電子郵件地址或電話號碼送達附表10.02或該當事一方在發給其他當事各方的通知中指定的其他地址、傳真號碼、電子郵件地址或電話號碼；以及

(Ii)寄往任何其他貸款人，寄往其行政問卷所指定的地址、傳真號碼、電子郵件地址或電話號碼，或寄往該等人士在發給本公司、借款人、行政代理、L/C發行人、L/C替代發行人及擺線貸款人的通知中指定的其他地址、傳真號碼、電子郵件地址或電話號碼。通過專人或隔夜快遞服務發送的通知和其他通信，或以掛號或掛號信郵寄的通知和其他通信，在收到時應被視爲已發出；由傳真機發送的通知和其他通信在發送時應被視爲已發出(但如果不是在收件人的正常營業時間內發出，應被視爲已在收件人的下一個營業日開業時發出)。在第10.02(A)(3)節規定的範圍內，通過電子通信交付的通知和其他通信應按照該10.02(A)(3)節的規定有效。電子通信。本合同項下向貸款人、L/信用證發行人和L/信用證替代發行人發出的通知和其他通信，可按照行政代理批准的程序，通過電子通信(包括電子郵件和互聯網或內聯網網站)交付或提供。提供上述規定不適用於根據第二條向任何貸款人、L/信用證發放人或L/信用證替代發放人發出的通知，如果該貸款人、L/信用證發放人或L/信用證替代發放人(視情況而定)已通過電子通信通知行政代理它不能接收該條規定的通知。行政代理或借款人可酌情同意按照其批准的程序，以電子通信的方式接受本協議項下的通知和其他通信，提供對這類程序的批准可能僅限於特定的通知或通信。除非行政代理另有規定，(A)發送至電子郵件地址的通知和其他通信應在發送者收到預期收件人的確認後視爲已收到(如可用，通過「要求回執」功能、回覆電子郵件或其他書面確認)；提供如果該通知或其他通信不是在接收方的正常營業時間內發送的，則該通知或通信應被視爲已在接收方的下一個營業日開業時發送，並且(B)在互聯網或內聯網網站上張貼的通知或通信應被視爲在預期接收方按照上述通知(A)條款中所述的電子郵件地址收到並標明其網站地址時收到。

（b）

站臺。該平台是「按原樣」和「按可用」提供的。代理方(定義如下)不保證公司材料的準確性或完整性或平台的充分性，並明確不對公司材料的錯誤或遺漏承擔責任。任何代理方不會就公司資料或平台作出任何明示、默示或法定的保證，包括對適銷性、特定用途的適用性、不侵犯第三方權利或不受病毒或其他代碼缺陷的任何保證。在任何情況下，行政代理或其任何關聯方(統稱爲代理方

對於借款人或管理人因此而產生的任何損失、索賠、損害賠償、債務或任何費用(無論是侵權、合同或其他方面的)，對貸款人、任何貸款人、任何L/信用證出票人、任何替代L/信用證出票人或任何其他人負有任何責任代理人通過互聯網傳輸公司材料，除非此類損失、索賠、損害賠償、債務或費用由有管轄權的法院通過不可上訴的最終判決確定爲因代理方的嚴重疏忽、惡意或故意不當行爲所致；.

提供在任何情況下，任何代理方均不向貸款方、任何貸款人、任何L/信用證發行人、任何替代L/信用證發行人或任何其他人承擔任何間接、特殊、附帶、間接或懲罰性損害賠償(相對於直接或實際損害賠償)的責任。

更改地址等。借款人、行政代理、L/信用證發行人、L/信用證替代發行人和擺動額度貸款人均可在通知其他當事人的情況下更改其地址、複印機或電話號碼，用於本合同項下的通知和其他通信。任何其他貸款人均可通過通知借款人、行政代理、L/信用證發行人、L/信用證替代發行人和擺動額度貸款人，更改其通知和本協議項下其他通信的地址、複印機或電話號碼。此外，每家貸款人同意不時通知行政代理，以確保行政代理記錄有(I)有效地址、聯繫人姓名、電話號碼、傳真機號碼和電子郵件地址，以便向其發送通知和其他通信，以及(Ii)該貸款人的準確電匯指示。行政代理、L/證發行人、L/證替代發行人和貸款人的依賴

。借款人應賠償行政代理、每一位L/信用證出票人、每一位L/信用證替代出票人、每一位貸款人及其關聯方因依賴據稱由適用借款人或其代表發出的每一通知而產生的一切損失、費用、開支和責任，但該人沒有重大疏忽、故意不當行爲或惡意行爲，這是由有管轄權的法院做出的不可上訴的最終判決所確定的。向管理代理發出的所有電話通知以及與管理代理進行的其他電話通信均可由管理代理進行錄音，本合同雙方均同意進行此類錄音。第10.03節。無豁免；累積補救

任何貸款人、任何L/信用證發行人、任何替代L/信用證發行人或行政代理人未行使或遲遲不行使本協議或任何其他貸款文件項下的任何權利、補救、權力或特權，不得視爲放棄該等權利、補救、權力或特權；任何單一或部分行使本協議項下的任何權利、補救、權力或特權，亦不得妨礙任何其他或進一步行使或行使任何其他權利、補救、權力或特權。本協議所規定的權利、補救辦法、權力和特權以及其他貸款文件中規定的權利、補救辦法、權力和特權是累積的，不排除法律規定的任何權利、補救辦法、權力和特權。

儘管本合同或任何其他貸款文件中有任何相反規定，對貸款方或他們中的任何一方執行本協議和其他貸款文件項下的權利和補救措施的權力應完全屬於行政代理機構，與強制執行有關的所有訴訟和法律程序應完全由行政代理根據第8.02節爲所有貸款人、L/信用證發行人和替代L/信用證發行人的利益而提起和維持；

提供

「)可以向授權貸款人不時以書面形式指定的特殊目的融資工具向行政代理和借款人提供贈款(」

程控“)選擇提供授予貸款人根據本協定有義務提供的全部或任何部分貸款；提供

(I)本協議中的任何條款均不構成任何SPC爲任何貸款提供資金的承諾，(Ii)如果SPC選擇不行使該選擇權或以其他方式未能提供全部或部分貸款，則授予貸款人應根據本協議條款承擔提供貸款的義務，(Iii)該SPC和適用的貸款或其任何適用部分應適當地反映在參與者名冊中。本協議各方同意：(A)SPC應有權享有第3.01、3.02、3.04、3.05和3.09節的利益(受這些節的要求和限制的約束，且應理解，第3.01(D)節所要求的文件應交付給授予貸款人)，但授予任何SPC或任何SPC行使該選擇權均不得增加成本或開支，或以其他方式增加或改變借款人在本協議項下的義務，但在第3.01節的情況下除外，對SPC的撥款是在事先徵得公司書面同意的範圍內(不得無理扣留或拖延；提供爲免生疑問，本公司應有合理的理由拒絕同意，(B)本公司不承擔本協議項下貸款人應對其負有責任的任何賠償或類似付款義務，(C)就所有目的，包括批准對任何貸款文件任何條款的任何修訂、豁免或其他修改，授予貸款人仍爲本協議項下的貸款人。SPC在本協議項下發放貸款時，應同等程度地利用授予貸款人的承諾，並將其視爲此類貸款是由該授予貸款人提供的。儘管本協議有任何相反規定，任何SPC均可(1)在未經本公司和行政代理事先同意的情況下，並在支付3,500美元的手續費後，將其接受任何貸款付款的全部或任何部分權利轉讓給授予貸款人，以及(2)以保密方式向任何評級機構、商業票據交易商或任何擔保或擔保或信用或流動性增強的提供商披露與其貸款融資有關的任何非公開信息。如果授予貸款人如本協議所述向SPC授予選擇權，且該授予未反映在登記冊中，則該授予貸款人應保存一份單獨的登記冊，記錄每一SPC的名稱和地址以及每一SPC在本協議項下的貸款、承諾或其他權益方面的本金金額(和相關利息)，這些條目應是決定性的，沒有明顯錯誤；提供任何貸款人沒有義務向任何人披露該登記冊的任何部分，除非披露是必要的，以確定本合同項下的貸款、承諾或其他利益是以登記形式登記的，用於美國聯邦所得稅。提供”).

(J)即使本協議另有相反規定，任何L/信用證發行人、任何替代L/信用證發行人或任何擺動額度貸款人均可在向本公司及貸款人發出30天通知後，分別辭去L/信用證發行人、替代L/信用證發行人或擺動額度貸款人的職務；提供在有關辭職的30天期限屆滿之前，有關的L/信用證發行人、替代L/信用證發行人或擺動額度貸款人應已指定一位本公司合理接受的L/信用證發行人、替代L/信用證發行人或擺動額度貸款人，願意接受其爲L/信用證、替代L/信用證發行人或擺動額度貸款人(視何者適用而定)的繼任。如果L/信用證發行人、L/信用證替代發行人或擺動額度貸款人辭職，本公司有權從願意接受該任命的貸款人中指定一名L/信用證發行人、L/信用證替代者或擺動額度貸款人；

提供

除上文另有明文規定外，本公司未能委任任何該等繼任人或有關L/信用證發行人、L/信用證替代發行人或擺線貸款人指定任何該等繼任人，並不影響有關L/信用證發行人、L/信用證替代發行人或擺線貸款人(視屬何情況而定)的辭職。L/信用證發票人或者L/信用證替代發票人辭去L/信用證發票人或者L/信用證替代發票人職務的，應當保留全部(K)任何貸款人可隨時將其在本協議項下定期貸款方面的全部或部分權利和義務轉讓給在轉讓後成爲或將成爲關聯貸款人的人，僅通過(X)荷蘭拍賣或其他要約，以按比例向所有貸款人開放購買或轉讓(包括根據第2.05(A)(V)節描述的程序或行政代理批准的程序)或(Y)以非按比例方式公開市場購買，在每種情況下均受以下限制：(I)轉讓貸款人和購買該貸款人定期貸款的關聯貸款人應簽署一份轉讓協議，並將其主要以下列形式交付給行政代理人信息

提供在2020修正案生效日期後從貸款方或其任何子公司收到的所有信息應被視爲機密，除非此類信息在交付時被明確標識爲非機密。行政代理、L/C發行人、L/C替代發行人和貸款人均承認：(A)信息可能包括有關貸款方或其任何子公司的重大非公開信息(視情況而定)，(B)已制定有關使用重大非公開信息的合規程序，以及(C)將根據適用法律(包括美國聯邦和州證券法)處理此類重大非公開信息。第10.09節。不適用。抵銷在任何時間由貸款人及其關聯公司或行政代理持有，以及在任何時間欠各貸款方及其附屬公司的貸方或其附屬公司的貸方或其帳戶的其他債務，以及根據本協議或今後存在的任何其他貸款文件而欠該貸款人及其關聯公司或行政代理的任何和所有債務(就任何擔保人而言，不包括該擔保人的互換義務)，不論行政代理或該貸款人或附屬機構是否已根據本協議或任何其他貸款文件提出要求，儘管該等債務可能是或有債務或未到期債務，或以不同於適用存款或債務的貨幣計價；提供在任何違約貸款人行使任何這種抵銷權的情況下，(A)所有如此抵銷的金額應立即支付給行政代理機構，以便根據第2.17節的規定進行進一步申請，在支付之前，該違約貸款人應將其與其其他資金分開，並被視爲爲行政代理、L/C發行人、替代L/C發行人和貸款人的利益而以信託形式持有；以及(B)違約貸款人應迅速向行政代理機構提供一份聲明，合理詳細地描述其行使該抵銷權時應對該違約貸款人承擔的義務。提供沒有發出該通知不應影響該抵銷和申請的有效性。

第10.10節。

利率限制即使任何貸款文件中有任何相反規定，根據貸款文件支付或約定支付的利息不得超過適用法律允許的非高利貸利息的最高利率(最大速率“)。如果行政代理、安排人或賬簿管理人或任何貸款人收到的利息超過最高利率，多付的利息應用於貸款本金，如果超過未付本金，則退還給相關借款人。”).

第10.11節。對應方;發票和某些其他文件的電子執行本協議和其他每份貸款文件可以一份或多份副本簽署，每份副本應被視爲正本，但所有副本應構成同一份文書。通過複印機、.pdf或其他電子成像手段交付本協議簽字頁的簽署副本和其他貸款文件，應與交付本協議的原始簽署副本和該等其他貸款文件有效。提供沒有要求或交付的文件或簽名不應限制通過複印機、.pdf或其他電子成像手段交付的任何文件或簽名的效力。

在任何轉讓和假設或本協議的任何修正或其他修改(包括豁免和同意)中，「執行」、「簽署」、「簽字」和類似含義的詞語應被視爲包括電子簽名或以電子形式保存記錄，在任何適用法律(包括《全球和國家商法中的聯邦電子簽名法》、《紐約州電子簽名和記錄法》)所規定的範圍內，每個電子簽名或以電子形式保存的記錄應與手動簽署的簽名或使用紙質記錄保存系統具有相同的法律效力、有效性或可執行性。或基於《統一電子交易法》的任何其他類似的州法律。第10.12節。整合;終止

本協議與其他貸款文件一起，包括雙方對本協議及其標的的完整和完整的協議，並取代之前所有關於此類標的的書面或口頭協議。如果本協議的規定與任何其他貸款文件的規定有任何衝突，以本協議的規定爲準；提供在任何其他貸款文件中包含有利於行政代理或貸款人的補充權利或補救措施不應被視爲與本協議相沖突。每份貸款文件都是在各方共同參與下起草的，不應對任何一方不利或有利於任何一方，而應按照其公平含義進行解釋。第10.13節。申述及保證的存續根據本協議以及在任何其他貸款文件或其他文件中作出的所有陳述和保證，在本協議和本協議的籤立和交付後仍然有效。任何信用證或替代信用證將繼續未付(除非與此有關的L/信用證債務的未償還金額已以令適用的L/信用證發行人或替代L/信用證發行人合理滿意的信用證作現金抵押或支持，否則該信用證或替代信用證已被視爲根據適用的L/信用證發行人或替代L/信用證發行人合理接受的另一協議重新簽發)。第10.14節。

可分割性如果本協議或其他貸款文件的任何條款被認爲是非法、無效或不可執行的，(A)本協議其餘條款和其他貸款文件的合法性、有效性和可執行性不應因此受到影響或損害，以及(B)雙方應本着善意進行談判，以經濟效果儘可能接近非法、無效或不可執行條款的有效條款取代非法、無效或不可執行的條款。某一特定法域的規定無效，不應使該規定在任何其他法域無效或無法執行。在不限制第10.14節前述條款的情況下，如果本協議中與違約貸款人有關的任何條款的可執行性受到債務人救濟法的限制，如行政代理、L/信用證發行人、替代L/信用證發行人或擺動貸款機構(視情況而定)真誠地確定，則該等條款應被視爲僅在不受限制的範圍內有效。第10.15節。治理法；論壇；過程動因

(B)支持在任何貸款文件下引起的任何法律訴訟或法律程序，或以任何方式與本協議各方或其中任何一方就任何貸款文件進行的交易有關或相關或附帶的任何法律訴訟或程序，或每一貸款方、每一代理人和每一貸款人不可撤銷地放棄任何反對意見，包括其現在或今後可能對在該司法管轄區就任何貸款文件或與之相關的其他文件提起的任何訴訟或訴訟提出的任何反對意見，包括對場地的設置或基於法院不方便的理由的任何反對意見。本合同各方不可撤銷地同意以第10.02節中規定的通知(TELECOPIER除外)的方式，在因任何貸款文件引起或與之相關的任何訴訟或訴訟中送達法律程序文件。本協議或任何其他貸款文件中的任何內容均不影響本協議任何一方以適用法律允許的任何其他方式送達程序文件的權利。(C)每一貸款當事人在此不可撤銷和無條件地(I)同意在紐約州提起的任何此類訴訟、訴訟或法律程序中的所有令狀、法律程序文件和傳票可向原共同借款人(以該身份，即加工劑如果程序代理人停止擔任其他借款人或任何其他借款人的代理人，以接受本合同項下的程序文件送達，則借款人和其他貸款方中的每一方應立即指定一名令行政代理人滿意的繼任代理人。第10.16節。放棄由陪審團審訊的權利

本協議的每一方在適用法律允許的最大限度內，在因本協議或任何其他貸款文件或本協議或本協議擬進行的交易(無論是基於合同、侵權行爲或任何其他理論)直接或間接引起或與之相關的任何法律程序中，不可撤銷地放棄其可能擁有的由陪審團進行審判的任何權利。本協議的每一方(A)證明，沒有任何其他人的代表、代理人或代理人明確或以其他方式表示，在發生訴訟的情況下，該其他人不會尋求執行前述豁免；(B)承認其和本協議的其他各方是受本協議和其他貸款文件的引誘而簽訂本協議和其他貸款文件的，除其他事項外，本節中的相互放棄和證明。第10.17節。捆綁效應本協議在下列情況下生效：(A)本協議已由貸款當事人和行政代理人籤立，(B)行政代理人已收到各貸款人、擺動放款機構、L/C發行人和L/C代行發行人的通知，各該等放款人、擺動放款機構、L/C發行人和L/C代行發行人均已簽署本協議，此後本協議應對貸款各方、每一貸款人、成爲本協議一方的其他每一人及其各自的繼承人和受讓人具有約束力並符合其利益(如果適用)。第10.18節。

《美國愛國者法案》

本通知是根據《美國愛國者法案》的要求發出的，對貸款人和行政代理均有效。

第10.19節。

不承擔諮詢或受託責任

就本協議所擬進行的每項交易的所有方面(包括本協議的任何修改、豁免或其他修改或任何其他貸款文件的修改)，每一貸款方承認並同意，並確認其關聯方的理解：(A)(I)由行政代理和其他協調人提供的關於本協議的安排和其他服務，一方面是貸款方與其各自關聯方之間的獨立商業交易，另一方面，(Ii)每一貸款方都諮詢了自己的法律、會計、在其認爲適當的範圍內擔任監管和稅務顧問，以及(Iii)每一貸款方都有能力評估、了解並接受本協議及其他貸款文件擬進行的交易的條款、風險和條件；(B)(I)行政代理人、每個其他安排人和每個貸款人現在和過去都只是以委託人的身份行事，除非有關各方明確書面同意，否則不是、現在不是、將來也不會作爲每個借款方或其任何關聯公司或任何其他人的顧問、代理人或受託人；及(Ii)行政代理、任何其他安排人或任何貸款人對於本協議擬進行的交易對貸款方或其各自關聯公司沒有任何義務，但本合同和其他貸款文件中明確規定的義務除外；及(C)行政代理、其他安排人、貸款人及其各自聯營公司可能從事涉及與貸款方及其各自聯營公司不同的權益的廣泛交易，行政代理或任何其他安排人或任何貸款人均無責任向貸款方或其各自聯營公司披露任何此等權益。在適用法律允許的最大範圍內，每一貸款方特此放棄並免除其可能對行政代理、其他安排人和貸款人提出的與本協議擬進行的任何交易的任何方面有關的任何違反或涉嫌違反代理或受託責任的索賠。

第10.20節。

債權人間協議

(A)根據每項債權人間協議的明示條款，如果有關債權人間協議的條款與任何貸款文件之間發生任何衝突或不一致，應以有關債權人間協議的規定爲準。

(B)每個貸款人授權並指示行政代理代表該貸款人訂立相關的債權人間協議，並根據該債權人間協議的條款採取其要求(或認爲是可取的)的一切行動(和執行所有文件)(S)。每個貸款人都同意受相關債權人間協議的約束，不會採取任何違反該協議規定的行動。

第10.20條並不是要總結有關債權人間協議的所有相關規定。必須參考有關的債權人間協議本身，以了解其中的所有條款和條件。每家貸款人有責任對相關債權人間協議及其條款和規定進行自己的分析和審查，沒有代理人(及其任何關聯公司)就相關債權人間協議所載條款的充分性或可取性向任何貸款人作出任何陳述。(四)執行本條例的規定

第10.20條第10.21節。其他當事人, （a）允許關聯集團和關聯子公司指定。公司可隨時向行政代理發出通知，表明其希望指定幷包括(X)公司的任何關聯公司(公司的子公司或允許的關聯母公司除外)(在滿足本條款第10.21(A)條的條件後，任何該等關聯公司關聯子公司)(但爲免生疑問，並非指該附屬公司的附屬公司)或(Y)本公司的任何聯營公司(在符合第10.21(A)節的條件後，任何該等聯營公司, 允許的關聯母公司該聯營公司應(在第(X)條的情況下)成爲聯屬附屬公司(“關聯子公司加入, 「)及一間受限制附屬公司或(在第(Y)條的情況下)一間獲准聯營母公司(a」允許關聯母公司加入“)，而就本協議而言，該等附屬公司應成爲限制性附屬公司或非限制性附屬公司(在根據本協議被指定爲限制性附屬公司或非限制性附屬公司的範圍內)，經本公司的行政代理確認，該等附屬公司及本公司已遵守下列要求：,(A)遵守第10.21(B)條，且該關聯公司已作爲借款人加入本協議；或, (B)遵守第10.21(C)條，並且該關聯方已作爲擔保人加入本協定；提供

附表10.21

就該人而言，在形式和實質上均合理地令行政代理人滿意；及

(F)如果該人已簽署所需的所有文件，以(1)作爲額外借款人加入本協議，和(Y)在任何債權人間協議所要求的範圍內，該債權人間協議作爲「債務人」(或其他相關身份)和/或(2)已以其預期的方式承認任何債權人間協議。

(Iii)如行政代理信納第10.21(B)(Ii)節(如屬任何獲准關聯母公司，則第10.21(A)節)所指明的條件已獲滿足，行政代理應立即通知本公司及貸款人。額外的擔保人。(I)在第10.21(C)(Ii)條的規限下，本公司或任何獲准聯屬母公司可在向行政代理發出不少於五個營業日的書面通知後，要求任何獲准聯屬母公司、任何聯屬附屬公司或受限集團的任何成員成爲本協議的額外擔保人。

(Ii)允許第10.21(C)(I)節所述的任何人在下列情況下可成爲額外擔保人：

(A)如果該人和公司向行政代理人交付一份正式填寫和籤立的合併協議，其形式和實質內容應令行政代理人合理滿意；

(B)在公司確認不會因該人成爲額外擔保人而繼續或不會發生違約事件的情況下；(C)行政代理(爲貸款人和代表貸款人)應在該人作爲額外擔保人加入之日之前至少三個工作日收到適用的「了解你的客戶」和反洗錢規則和條例所要求的關於該人的所有文件和其他信息，包括《受益所有權條例》(爲免生疑問，此類信息應包括根據《美國愛國者法》有資格成爲「法人客戶」的每個實體的受益所有權證明)和《美國愛國者法》，並使每一融資方滿意(合理行事)。行政代理(爲其本身或代表任何貸款人)或任何貸款人(通過行政代理併爲其本身)至少在該人加入爲額外擔保人之日前十天提出的書面要求；(D)證明行政代理已收到下列所有文件和其他證據附表10.21就該人而言，在形式和實質上均合理地令行政代理人滿意；及(E)在任何債權人間協議所要求的範圍內，該人應已簽署所需的所有文件，以加入或承認(視需要)任何適用的債權人間協議爲「債務人」(或其他相關行爲能力)或額外擔保人(定義如下)。(Iii)*行政代理在信納第10.21(C)(Ii)節規定的條件已獲滿足後，應立即通知本公司及貸款人。

權利和義務的承擔

。根據第10.21(B)條或第10.21(C)條規定必須交付的其他文件，在向行政代理提交一份正式簽署的聯名書後，相關人士、貸款方和擔保方將相互承擔義務和/或獲得各自的權利，如同該人作爲借款人或擔保人(視具體情況而定)是本協議的原始方時所承擔或獲得的那樣，該人應作爲額外借款人和/或額外擔保人(視情況而定)成爲本協議一方。

第10.22節。

額外借款人或額外擔保人的辭職

(A)除非事先徵得所需貸款人的同意，否則額外的借款人或額外的擔保人可通過向行政代理遞交辭職信而不再是額外的借款人或額外的擔保人。

(I)如公司已確認(A)不會因接受辭職信而持續或將會導致違約事件，及(B)不會因接受辭職信而違反抵押品及擔保規定；

(Ii)就額外的借款人而言，該額外的借款人目前並無任何義務根據任何貸款文件在當時以借款人的身份付款；及

(Iii)就額外的擔保人而言，(A)如果該額外的擔保人也是額外的借款人，其已根據第10.22節的條款辭去額外借款人的職務，以及(B)該額外的擔保人目前沒有任何義務在此時根據任何貸款文件支付任何款項。(C)在行政代理通知本公司其接受相關額外借款人或額外擔保人辭職後，該公司應停止作爲額外借款人或額外擔保人(視何者適用而定)，且不再作爲額外借款人或額外擔保人(視何者適用而定)在貸款文件下享有進一步的權利或義務。

第10.23節。判斷貨幣如果爲了在任何法院獲得判決，有必要將一種貨幣的到期金額或任何其他貸款文件兌換成另一種貨幣，所使用的匯率應是行政代理根據正常的銀行程序在作出最終判決的前一個營業日可以用該另一種貨幣購買第一種貨幣的匯率。借款人根據本合同或其他貸款文件應向行政代理或貸款人支付的任何此類款項的義務，即使有任何貨幣判決(判斷貨幣「)，但按照本協定適用條款計值的金額除外(」

協議貨幣“)，只有在行政代理收到任何被判定爲到期的判定貨幣的款項後的第二個營業日，行政代理才可以按照正常的銀行程序購買協議貨幣和判定貨幣。如果如此購買的協議貨幣的金額少於借款人最初以協議貨幣支付給行政代理的金額，借款人同意作爲一項單獨的義務，即使有任何此類判決，也要賠償行政代理或該義務所欠個人的此類損失。如果如此購買的協議貨幣的金額大於該貨幣最初應支付給行政代理的金額，行政代理同意將任何超出的金額退還給借款人(或根據適用法律有權獲得的任何其他人)。第10.24節。持續的義務。自《2020修正案》生效之日起，本協議將對《2018信貸協議》進行修訂和重述，但不應構成對《2018信貸協議》的更新，也不得以任何方式損害或以其他方式影響各方在本協議項下的權利或義務(包括與貸款和承諾以及根據本協議作出的陳述和擔保有關的權利或義務)，除非此類權利或義務在此被修改或修改。在此修訂和重述的2018年信貸協議應被視爲各方之間的持續協議，所有文件、根據2018年信貸協議交付的或與2018年信貸協議相關交付的文書和協議，未因雙方訂立本協議而修訂和重述，應在交付日期或該文件、文書或協議預期的其他日期按照其條款保持完全效力和效力，其程度與本文件、2018年信貸協議或此類文件的修正案中以慣常形式對2018年信貸協議作出的修改相同，除非該文件、文書或協議已按照或根據本協議、2018年信貸協議或此類文件的條款終止或過期，爲免生疑問，行政代理、任何貸款人、任何L信用證出票人、任何L信用證出票人、任何擺動額度貸款人或2018年信貸協議的任何其他當事人在緊接2020修正案生效日期之前簽署本協議或b-5條款，應構成行政代理、該等出借人、該L/信用證出票人、該另一開證人、該等週轉額度貸款人及該等其他人士對本協議所規定的2018年信貸協議的修訂及重述，以及本協議擬進行的交易的完成，均有貢獻。

第10.25節。更詳細。

(c) 放棄豁免權。每一貸款方都承認並同意貸款單據條款所設想的活動是商業性質的，而不是政府或公共的，因此承認並同意該貸款方無權以主權或其他理由對此類活動或在貸款單據引起或與之有關的任何法律訴訟或程序中享有任何豁免權。在適用法律允許的範圍內，每一貸款方就其自身、其加工代理及其財產(包括其子公司)和收入而言，明確和不可撤銷地放棄現在或以後可能存在的任何此類豁免權(包括任何豁免，免於任何法院的管轄或任何訴訟、執行、扣押(無論是臨時的還是最終的，以協助執行，在判決之前或判決之前或

(d) 其他）或其他法律程序（包括在可能將豁免權（無論是否聲稱）歸因於其或其資產的任何司法管轄區）或現在或以後可能存在的索賠，並且不可撤銷地同意不在任何此類行動或訴訟中主張任何此類權利或豁免權主張，在任何此類司法管轄區的法律現在或將來允許的最大範圍內。貸款方同意，本第10.24條規定的豁免應具有適用法律允許的最大效力，包括美利堅合衆國1976年《外國主權豁免法》（28 U.S.C.§1602-1611）（「FSIA」），並且旨在不可撤銷，並且不得出於FSIA的目的撤回。第十一條每一擔保人應繼續向行政代理、L/信用證發行人、L/信用證替代發行人、擺動額度貸款人和貸款人支付擔保人在本合同項下擔保的全部金額。第11.11節。

保持井

提供每一位合格的ECP擔保人根據第11.11條只對在不履行第11.11條規定的義務的情況下可能發生的此類責任承擔最大金額的責任，或根據本擔保承擔的責任，根據與欺詐性轉讓或欺詐性轉讓相關的適用法律可被撤銷，但不承擔任何更大的金額)。每一位合格的ECP擔保人都打算，就商品交易法1a(18)(A)(V)(Ii)節的所有目的而言，本第11.11款構成(且應被視爲構成)爲彼此擔保人利益的「保持良好、支持或其他協議」。

第11.12節。

不進行編組

除適用法律要求的範圍外，行政代理人或任何其他擔保當事人均不需要爲擔保債務或擔保債務安排任何抵押品，或以任何特定順序訴諸任何抵押品或任何擔保，而擔保當事人對任何抵押品和擔保的權利將是累積的，並超越所有其他權利，不論這些權利是否存在或產生。在適用法律允許的範圍內，擔保人不可撤銷地放棄，並同意不會援引或主張任何要求或涉及抵押或擔保的法律，或可能導致延遲或阻礙擔保當事人在本擔保或任何其他協議下的權利執行的任何其他法律。

第11.13節。選舉補救措施

第11.14節。

(c)

第11.15節。擔保人意向

在不損害第11.13款的一般性並受適用法律限制的情況下，每一擔保人明確確認，本擔保應不時擴大到債務的任何(無論多麼基本的)變更、增加、擴展或增加，包括用於或與下列任何事項相關的目的：任何性質的企業收購；增加營運資本；使投資者能夠進行分配；進行重組；對現有貸款進行再融資；對任何其他債務進行再融資；向新借款人提供貸款；不時爲任何此類貸款或金額提供用途的任何其他變化或擴展；以及與上述任何一項相關的任何費用、成本和/或費用。

第11.16節。連帶責任（ii）「受保銀行」一詞的定義和解釋見12 CFR§ 47.3（b）;

(3)按照《美國聯邦判例彙編》第12編382.2(B)節的定義和解釋，不使用該詞所指的「保險金融安全倡議」。

默認權限

“具有C.F.R.第12編252.81、47.2或382.1節(視情況適用)中賦予該術語的含義，並應根據其解釋。

QFC“具有美國法典12中「合格金融合同」一詞賦予的含義，並應根據美國法典12進行解釋5390（c）（8）（D）。[簽名頁面關注]

茲證明，雙方已促使本協議於上文第一次寫明的日期正式簽署。C & W高級擔保父母有限公司作爲公司和擔保人作者：姓名：標題：, 賽柏國際金融有限公司作爲原始借款人

作者：

姓名：標題：科羅爾-美國聯合借款人

姓名：標題：

賽寶控股有限公司作爲擔保人作者：

姓名：標題：

CWIGROUP LIMITED

作爲擔保人

作者：姓名：標題：[修改和重新簽署的信貸協議的簽字頁]Columbus INTERNATIONAL Inc.作爲擔保人

作者：姓名：

標題：

電纜和無線（WEST INSEARCH）Limited作爲擔保人作者：

姓名：

標題：

豐業銀行

作爲循環信貸收件箱作者：姓名：

標題：

豐業銀行

作爲信用證簽發人

作者：

姓名：

標題：豐業銀行作爲搖擺線的收件箱

作者：姓名：標題：豐業銀行”); 作爲管理代理[修改和重新簽署的信貸協議的簽字頁]

作者：姓名：.

標題：豐業銀行作爲抵押受託人作者：, 姓名：標題：

[修改和重新簽署的信貸協議的簽字頁]

附件一

另外的定義除非本文另有規定，（1）本附件一中對第4條或第5條各節的引用是指附件II的各節，並且（2）本附件一中使用的定義術語應具有本附件一中賦予的含義或本協議第1.01節賦予的含義。

哥倫布收購

“指C & W Communications及其子公司於2015年3月31日收購Columbus Group。

哥倫布瓜分

“是指在收到FCC與2015年哥倫布收購相關的監管批准之前，將哥倫布例外實體和哥倫布例外應收賬款從哥倫布網絡有限公司轉移到哥倫布SPV Transferencia。

2016年收購Liberty“指Liberty Global直接或間接收購大東電信有限公司。(18)拒絕任何合同權利的放棄或放棄，或任何類型的合同、侵權或其他索賠的和解、解除或放棄；

(19)包括：(A)處置不構成本公司分銷業務一部分的資產、權利或收入、任何獲准關聯母公司和受限附屬公司，以及(B)處置與本協議允許的任何收購相關而收購的非核心資產；

(20)禁止本公司、獲准關聯母公司或任何受限制子公司因監管當局或有管轄權的法院提出的關切而要求或作出的任何資產或股本處置或沒收，包括爲免生疑問，任何此類監管當局就2015年Columbus收購或2016年交易提出的關切所要求或作出的任何此類處置或沒收特立尼達和多巴哥或TSTT HoldCo的股本或資產；

(21)允許任何其他實體的其他權益的處置，金額不超過1,000萬；

(二十二)不得對不動產進行任何處置；

提供

在任何日曆年處置的房地產的公平市場價值不超過20000美元萬和總資產的3.0%(任何日曆年的未使用金額將結轉到下一年，但最高不超過20000美元萬和任何日曆年總資產結轉金額的3.0%)；

(23)允許向正在提供與該等資產有關的服務的人進行任何資產處置，而該等資產的提供已經或將由本公司、獲准關聯母公司或任何受限制附屬公司外包給該人；

(24)在合營安排和類似的具有約束力的協議中規定的合營各方之間的習慣買賣安排所要求的或依據的範圍內，對合營企業中的投資進行任何處置；

提供

在此類處置中收到的任何現金或現金等價物均按照本協議第2.05(B)(I)條的規定使用；

(25)根據慣例的出售和回租交易、資產證券化和本協議允許的其他類似融資，出售或處置本公司、獲准關聯母公司或任何受限子公司根據慣例建造、維修、改善、擁有或以其他方式收購的財產的任何出售或處置；(26)批准特立尼達和多巴哥或TSTT HoldCo的任何股本或電信服務資產的處置；(27)將本公司、獲准關聯母公司或受限制子公司在正常業務過程中與客戶簽訂的長期合同下的合同安排視爲會計上的銷售；提供不存在與該合同安排有關的所有權轉讓；

(28)考慮與分拆有關的任何合理需要的處置(包括在任何分拆完成前向本公司的聯屬公司、任何獲准的聯屬母公司及任何受限制的附屬公司轉移任何資產)；

(二十九)協助出售或處置鐵塔資產；

(30)向本公司、獲准聯屬母公司或受限制附屬公司(A)向本公司、獲准聯屬母公司或受限制附屬公司；(B)向最終母公司或其任何附屬公司(本公司、獲准聯屬母公司或受限制附屬公司除外)交還任何構成退回稅務虧損的處置；或(C)爲消除、清償或解除任何曾是已被處置的最終母公司的附屬公司的任何人的任何稅務責任，而根據該稅項，本協議條款所允許的處置，公司、獲准關聯母公司或受限制附屬公司如不如此消除、清償或解除，將對一名或多名人士負有法律責任(以賠償義務或其他形式)；及

(31)包括任何其他資產處置，包括合計佔總資產10.0%或以下的百分比價值。如果交易(或其任何部分)符合上文第(1)至(31)款允許的處置標準，並且也將是根據第4.07節允許支付的受限付款或允許投資，公司將有權根據其全權酌情決定將此類交易(或其部分)劃分和分類爲上文第(1)至(31)款允許的處置和/或根據第4.07節允許進行的一種或多種受限支付或允許投資。”.

銀行產品

實益擁有人

「具有《交易法》規則13d-3和規則13d-5賦予該術語的含義，但在計算任何特定」人「的實益所有權時(該術語在《交易法》第13(D)(3)節中使用)，該」人「將被視爲對該」人“有權通過轉換或行使其他證券而獲得的所有證券擁有實益所有權，無論這種權利目前是可行使的，還是隻有在一段時間後才能行使。「實益持有」、「實益持有」和「實益所有權」具有相應的含義。董事會“就任何人而言，指該人的董事局或其任何妥爲授權的委員會；

提供

(I)如果且只要本公司或獲准關聯母公司是最終母公司的子公司，則本公司或獲准關聯母公司董事會根據本協議必須採取的任何行動，也可以由最終母公司的董事會選擇，以及(Ii)在完成剝離後，本公司或獲准關聯母公司董事會根據本協議必須採取的任何行動，也可以由本公司或該獲准關聯母公司選擇，由旋轉母公司的董事會接管。

事業部交易

“指就本公司、任何覈准關聯母公司或任何受限附屬公司的任何資產、業務及/或業務而設立或參與任何合資企業，而該等資產、業務及/或業務包括本公司、任何覈准關聯母公司或任何受限附屬公司的全部或部分、任何覈准關聯母公司或任何受限附屬公司的業務解決方案部門(或其前身或後繼者)，或與任何其他實體或個人(不論是否爲本公司、覈准關聯母公司或任何受限附屬公司)設立或參與任何合資企業，但不包括對任何合資企業的貢獻(但不包括對本公司所使用的骨幹資產的使用)，C&W通信“指大東電報局有限公司(大東電報局合併後的繼承人)及其任何及所有繼承人。C&W合作協議指Liberty Global與C&W Communications於2015年11月16日簽署的合作協議。C&W父級“指大東電報局有限公司；提供(1)在許可關聯集團指定日期之後，「C&W母公司」將指本公司的控股公司和每一家許可關聯母公司以及該控股公司的繼任者；(2)在完成後重組後，「C&W母公司」將指新Holdco及其繼承人；(3)在完成任何剝離(其中C&W Communications不再是本公司的母公司和任何許可關聯母公司)後，「C&W母公司」將指本公司的母公司(或如果已發生許可關聯集團指定日期，本公司指定的任何附屬公司(包括本公司的控股公司及各獲准聯屬母公司)及該母公司或控股公司的任何繼承人(視何者適用而定)。

有線及無線補充退休金計劃.

股本

“指任何人士的任何及所有股份、權益、購買權、認股權證、認股權證、認股權證、參與或該等權益的其他等價物或權益(不論如何指定)，包括任何優先股，但不包括任何可轉換爲該等股本的債務證券。資本化租賃債務”) (“指根據公認會計原則，爲財務報告目的而要求分類並作爲資本化租賃入賬的債務。現金等價物“意思是：(1)截至2004年1月1日，由美國政府、聯合王國政府、歐盟有關成員國發行、擔保或無條件擔保的所有證券或債務(各

合格國家/地區

“)或其任何代理或票據，每一種情況下的到期日均不超過自取得之日起24個月；(2)任何合格國家或任何此類合格國家的任何政治區或其任何公共工具發行的債券或債務，其到期日自收購之日起不超過24個月，且在收購時具有通常可從S或穆迪獲得的投資級評級(或者，如果在任何時候S和穆迪都不對此類債務進行評級，則從任何合格國家的另一家國家公認的評級機構獲得)；(3)由信貸安排的任何貸款方或擁有信貸安排的任何貸款方的任何銀行控股公司發行的商業票據；

(4)在收購日期後不超過12個月到期的商業票據，並且在收購時至少具有S或穆迪的A-2或P-2評級(如果在任何時候S和穆迪都不對此類債務進行評級，則由任何合格國家的另一家國家公認的評級機構給予同等評級)；

存單或銀行承兌匯票，由信貸機構的任何貸款方或任何其他銀行或信託公司簽發，在收購日期後不超過兩年到期；(X)在美國銀行的資本和盈餘合計不低於25000美元萬，在非美國銀行的情況下爲10000美元萬(或其美元等值)，或(Y)其長期債務在收購時被標準普爾評級服務公司至少評級爲「A-」或等同的評級，或穆迪投資者服務公司的「A-」或其等價物(或如當時兩者均未發出可比評級，則爲任何合格國家中另一國家認可評級機構的可比評級)；

(6)被穆迪和S評級至少爲Aa3和AA-的拍賣利率證券(如果S或穆迪在任何時候都不對此類義務進行評級，則由另一家國家公認的評級機構進行同等評級)；

(7)與符合上述第(5)款規定資格的任何銀行或具有公認國家地位的證券商簽訂不超過30天的上述第(1)、(2)和(5)款所述類型的標的證券的回購協議或義務；(8)有市場的短期貨幣市場及類似基金(X)資產超過25000美元萬(或其美元等值)，或(Y)具有S或穆迪至少A-2或P-2評級(或，如在任何時間S和穆迪均不給予這樣的評級.

債務，來自任何合格國家的另一家國家認可評級機構的同等評級)；(九)持有以上第(1)至(8)款所述一種或多種資產或工具的投資公司或貨幣市場基金的權益；(10)將本公司、任何獲准聯屬母公司或受限制附屬公司使用的任何其他投資視爲行政代理全權酌情以書面准許的臨時投資；及，與業務中斷收據一起，業務中斷回撥“)(不言而喻，(I)在計算未來期間的綜合EBITDA時，應扣除實際未收到的數額；(Ii)計算綜合EBITDA時，不得重複計算作爲業務中斷預期收益的金額，這些收益隨後將在業務中斷收入這一未來期間收到)；提供爲免生疑問，根據本綜合EBITDA定義第(5)款，在計算綜合EBITDA作爲業務中斷回撥和回撥時，任何金額均不得重複計算。爲厘定本公司、任何覈准聯營母公司及根據本定義以外幣計值的受限制附屬公司的綜合EBITDA金額，本公司或覈准聯營母公司可選擇根據(I)有關期間報告實體的綜合財務報表所使用的有關期間的加權平均匯率或(Ii)於2015年11月16日生效的相關貨幣匯率，計算有關綜合EBITDA的美元等值金額。合併利息支出“指本公司、任何獲准聯屬母公司及受限制附屬公司在任何期間的淨利息收入/開支，按綜合基準(在每種情況下，根據公認會計原則厘定)計算，不論是已支付或應計，包括由下列各項組成的任何該等利息及費用：(一)計入資本化租賃債務的利息支出；(2)減少非現金利息支出；(3)除本公司、本公司的准許聯屬母公司或准許聯屬母公司或准許聯屬母公司以外的人士所持有的所有受限制附屬公司的所有優先股外，就本公司或准許聯營母公司或准許聯營母公司的所有不合格股份及任何受限制附屬公司的所有優先股支付所有股息或其他分派；(四)計入該期間資本化的綜合利息支出；

(5)本公司、獲准聯屬母公司或任何受限制附屬公司根據任何其他人士的債務或其他義務的任何擔保而實際支付的利息。儘管如上所述，綜合利息支出不應包括(A)與附屬股東貸款有關的任何應計、資本化或支付的利息，(B)與合格應收賬款交易有關的任何佣金、折扣、收益率和其他費用和費用，(C)任何經營租賃的任何付款，包括但不限於根據公認會計准則將被視爲經營租賃的任何租賃、特許權或許可(或其擔保)的任何付款，(D)任何外幣收益或損失，(E)任何養老金負債成本，(F)債務貼現、債務發行成本、費用和溢價的任何攤銷，(G)與套期保值義務有關的成本和收費；及(H)本定義第(3)款所載的任何利息、成本和收費。合併淨槓桿率

“，在任何確定日期，是指以下比例：(1)包括(A)本公司、任何覈准聯屬母公司及受限制附屬公司截至該日期的未償債務，以及截至該日期的儲備債務金額(在適用範圍內)，但不包括：(I)在確定根據任何許可信貸安排發生的債務之日，其債務最高不得超過信貸安排不包括的金額(或其以其他貨幣計算的等價物)；(Ii)支持任何附屬股東貸款；(3)償還根據第4.09(B)(25)節發生的任何債務；(4)償還生產設施項下產生的任何債務，但僅限於對此類生產設施提供資金的資產的有限追索權；以及(V)償還屬於本公司、獲准聯屬母公司或受限制附屬公司或有債務的任何債務；提供在根據第4.09(A)(1)節、第4.09(B)(6)(A)節、第4.09(B)(6)(A)節、第4.09(B)(6)(B)節和第4.09(B)(15)節計算綜合淨槓桿率時，應包括本公司、獲准關聯母公司或任何受限制子公司對任何母公司債務的任何擔保；較少(B)本公司、任何覈准聯營母公司及受限制附屬公司按綜合基準計算的現金及現金等價物總額(2)準備測試期的形式EBITDA，提供爲免生疑問，在厘定綜合淨槓桿率時，(I)不應計入任何現金或現金等價物，而該等現金或現金等價物爲計算綜合淨槓桿率所涉及的負債收益，及(Ii)根據已簽署的購買協議(可能受一項或多項先決條件規限)收購或出售的任何公司、業務部門或其他資產的綜合EBITDA及所有未償負債可獲形式上的效力。綜合高級擔保淨槓桿率“，在任何確定日期，是指以下比例：

(c) (1)包括(A)本公司、任何覈准聯屬母公司及受限制附屬公司截至該日期的未償還高級擔保債務，以及截至該日期的儲備債務金額(在適用範圍內)，但不包括：(I)在確定根據任何許可信貸安排發生的債務之日，其高級擔保債務的最高金額不得超過信貸安排不包括的金額(或其以其他貨幣計算的等價物)；(Ii)根據第4.09(B)(25)節發生的高級擔保債務；以及

較少(B)本公司、任何覈准聯屬母公司及受限制附屬公司按綜合基準計算的現金及現金等價物總額(2)準備測試期的形式EBITDA，提供綜合高級擔保淨槓桿率的形式計算不適用於(A)根據第4.09(B)節確定日期產生的任何債務，(B)任何債務在確定日期的清償，只要該清償產生於根據第4.09(B)節產生的收益，或(C)「負債」定義的第一個但書所述託管債務收益所代表的任何現金和現金等價物。

(d) 整固“指本公司各受限附屬公司(聯屬附屬公司除外)的賬目與本公司的賬目合併或合併，以及准許附屬附屬公司的各受限附屬公司(不包括附屬公司)的賬目與該准許附屬附屬公司的賬目合併或合併，在每種情況下均按照一貫適用的公認會計原則與附屬附屬公司的賬目合併或合併(包括酌情抵銷公司間交易及結餘)；提供

只要，進一步，

該「合併」將不包括(A)合併或合併任何不受限制的子公司的賬目，但公司的利益、任何允許的

聯屬母公司或非受限制附屬公司的任何受限制附屬公司將計入投資，(B)在本公司或獲准聯屬母公司選擇時，任何應收賬款實體及(C)在本公司或獲准聯屬母公司選擇時，任何少數股權投資、任何受限制附屬公司或根據公認會計原則持有待售的任何人士的其他資產。「合併」一詞有一個相關的含義。內容.

指廣播、傳輸、分發或以其他方式使音頻和/或視頻圖像、音頻內容或交互內容(包括超鏈接、改變用途的網站內容、數據庫內容和相關模板)中的任何一個或多個可供觀看、展示或接收的任何權利(無論是以模擬或數字格式，還是作爲頻道或因特網服務、圖文電視類型服務、交互服務或增強型電視服務或上述任何服務的任何部分，或基於按次付費的方式、或接近視頻點播或點播或其他方式)。通過任何分發、傳輸或遞送系統或技術(無論是現在已知的還是以後發明的)的手段來格式化信息和其他數據(包括任何交互式應用或功能)、文本、數據、圖形或其他內容。內容交易“指向或與任何其他實體或人士出售、轉讓、分拆、貢獻、分拆或分派、創建或參與任何合營企業及/或就本公司、覈准聯營母公司或任何受限制附屬公司的任何資產、業務及/或業務而進行的任何其他交易或採取任何行動，而該等資產、業務及/或業務構成本公司、覈准聯營母公司或任何受限附屬公司的全部或部分內容業務(或其前身或後繼者)、准許聯營母公司或任何受限附屬公司，或與任何其他實體或人士一起進行，不論本公司、覈准聯營母公司或任何受限附屬公司是否如此。

(i) 信貸安排“指與銀行或其他機構或投資者訂立的一項或多項債務融資安排、票據、信託契據、票據購買協議、契據、商業票據融資或透支融資(包括但不限於融資、任何准許信貸融資或任何生產融資)，提供循環信貸貸款、定期貸款、應收款融資(包括向這些機構或爲向這些機構借款而成立的特殊目的實體出售應收款)、信用證、票據、債券、債權證或其他經修訂、重述、修改、續期、退款、更換、重組、再融資、償還的債項，增加或延長全部或部分(不論是全部或部分，不論是否與原行政機關和貸款人或其他行政機關或其他銀行或機構或投資者，亦不論是否根據本協議、許可信貸安排、生產安排或一項或多項其他信貸或其他協議、契據、融資協議或其他方式提供)，並在每種情況下包括根據前述規定或與前述有關而籤立和交付的所有協議、文書和文件(包括但不限於根據前述規定簽發的任何票據和信用證以及任何擔保和抵押品協議、專利和商標擔保協議)。抵押或信用證申請和其他擔保、擔保、協議、擔保協議和抵押品文件)。在不限制前述規定的一般性的原則下，「信貸安排」一詞應包括以下任何協議或文書：(1)改變根據信貸安排而產生或預期的任何債務的到期日；(2)根據信貸安排增加額外的借款人或擔保人；(3)增加根據信貸安排而產生或可借入的債務數額；或(4)以其他方式更改其條款和條件。

(ii) 信貸安排不包括的金額“指(1)$17500萬(或其以其他貨幣計算的等值)及(2)0.25%乘以本公司、任何獲准聯屬母公司及受限制附屬公司在測試期內的預計EBITDA，兩者以較大者爲準。貨幣協議“就某人而言，指該人爲當事一方或受益人的任何外匯合約、貨幣互換協議、期貨合約、期權合約、衍生工具或其他類似協議。化武集團指原始借款人根據2027年高級擔保票據契約發行的2027年到期的5.75%高級擔保票據。現有高級擔保票據契約指截至2019年4月5日，原借款人(發行人)、豐業銀行(證券託管人)和紐約梅隆公司信託服務有限公司(受託人)之間的契約，經不時修訂、補充或以其他方式修改。公平市價在本協議中使用該術語的任何地方(除非本協議另有明確規定)，可由董事會、公司高級管理人員或高級管理人員或允許的關聯母公司本着善意最終確定。催化裂化“指的是美國聯邦通信委員會。優先留置權指對部分或全部抵押品的任何留置權，這些抵押品對或打算對抵押品進行排名平價通行證對義務和擔保的留置權，包括任何平價通行證憑藉任何債權人間協議或任何其他協議或文書；提供進一步

(iii) ，這就是留置權平價通行證

(iv) 抵押物上的留置權，對抵押物強制執行收益的分配，擔保債務和擔保但低於債務和/或擔保的債務，不得爲優先留置權。設保人“指已授予擔保權益或質押抵押品以擔保債務和/或擔保的任何人。擔保“指任何人直接或間接擔保任何其他人的債務的任何或有或有的義務，以及該人的任何直接或間接的或有或有的義務：(1)同意購買或支付(或爲購買或支付)該另一人的債務(無論是憑藉合夥安排產生的，還是通過協議保持良好、購買資產、貨物、證券或服務、接受或支付、或維持財務報表條件或其他方式產生的)；或

(二)以其他方式向債權人保證債務清償或保護債權人免受損失(全部或部分)的協議；

提供「保函」一詞不包括在正常業務過程中託收或存款的背書。作爲動詞使用的「保證」一詞也有相應的含義。保證人，是指被擔保的債務人。對沖義務“任何人的義務是指該人根據任何利率協議、商品協議或貨幣協議所承擔的義務。控股公司“就任何人而言，指該人是其附屬公司的實體。, 招致“指發行、設立、承擔、擔保、招致或以其他方式承擔責任；

(c) 提供任何人在成爲受限制附屬公司時存在的任何債務或股本(無論是通過合併、合併、收購或其他方式)，將被視爲在該受限制附屬公司成爲受限制附屬公司時發生；術語「已發生」和「已發生」具有與前述有關的含義，根據任何循環信貸或類似貸款而產生的任何債務，僅應在借入任何資金時才被「發生」，但須遵守「額外貸款可用金額」的定義(如本協議第1.01節的定義)和「儲備債務金額」的定義(如第4.09(D)(7)節的定義)和相關規定。

負債“指在任何決定日期(無重複)對任何人士(以及就本公司、任何獲准聯屬母公司及受限制附屬公司而言，以綜合方式計算)：

(一)銀行借入或籌集的資金及借方餘額；

(二)購買任何債券、票據、借款股票、債券或者類似的債務工具；(三)提供承兌匯票或跟單信用證；

(4)對該人擔保的範圍內未包括在該人的債務中的債務的主要構成部分進行評估；

提供

儘管如上所述，「負債」不應包括(A)本公司、獲准關聯母公司或受限制子公司因其服務從客戶或訂戶那裏收到的任何存款或預付款，以及任何其他遞延或預付收入，(B)任何與盈利有關的付款義務，(C)屬於股權(可贖回股份除外)或股權衍生品性質的債務；(D)資本化租賃債務，(E)出售或貼現的應收款，無論是追索權還是無追索權，包括爲免生疑問，對合格應收款交易的任何債務，包括但不限於應收款實體對另一應收款實體的債務的擔保和關於有限追索權的任何債務，(F)養卹金債務或僱員計劃或僱傭協議下的任何債務，(G)任何「平行債務」債務，只要這些債務反映了其他債務，(H)對購置的資產或提供的遞延服務的任何付款或負債(包括但不限於，(I)有關人士就贖回、償還或以其他方式購回任何不合格股份或(就任何受限制附屬公司而言，包括任何應計股息)贖回、償還或以其他方式購回任何優先股的所有責任的主要組成部分或清算優先權；(J)任何對沖責任；(K)任何無追索權債務；及(L)任何託管缺口擔保(或就託管帳戶訂立的類似安排)。任何人在任何日期的負債額，將是上述所有無條件債務在該日期的未清償餘額，以及在該日期發生導致該債務的意外情況時任何或有債務的最高負債。

獨立財務顧問

指具有國家認可地位的會計、評估、投資銀行或諮詢公司，即根據公司董事會或高級管理層或獲准關聯母公司的善意判斷，有資格執行其所從事的任務的公司。

首次公開募股

IPO實體.

利率協議“就任何人而言，指該人是當事一方或受益人的任何利率保障協議、利率未來協議、利率期權協議、利率互換協議、利率上限協議、利率下限協議、利率對沖協議或其他類似的協議或安排。集團內部服務“指下列任何一項(提供

(2)如本公司、獲准聯屬母公司或受限制附屬公司向最終母公司Liberty拉丁美洲、自旋母公司或其各自的任何附屬公司或任何其他直接或間接持有本公司或其任何聯屬公司的股權的任何其他直接或間接持有人，或最終母公司Liberty拉丁美洲、自旋母公司或其各自的任何附屬公司或任何其他公司租賃或分租辦公空間、其他處所或設備

直接或間接持有本公司或其任何關聯公司、任何獲准關聯母公司或受限制附屬公司的股權；

(3)在公司、任何獲准關聯母公司或受限子公司在正常業務過程中向最終母公司Liberty拉丁美洲、旋轉母公司或其各自子公司或任何其他直接或間接持有公司或其任何關聯公司股權的任何其他直接或間接持有人在正常業務過程中提供或接收其他商品、服務、設施或其他安排(在每種情況下均不構成債務)之前，包括但不限於：(A)僱用人員；(B)提供員工醫療保健或其他福利，包括股票和其他激勵計劃；(C)代理購買或開發設備、其他資產或服務，或與住宅或商業客戶進行貿易，以及(D)提供財務、審計、會計、銀行、戰略、信息技術、品牌推廣、營銷、網絡、技術、研究和開發、電話、辦公室、行政、合規、薪資或其他類似服務；和

(4)在本公司、任何獲准聯屬母公司或受限制附屬公司延伸至或由最終母公司Liberty拉丁美洲、自旋母公司或其各自任何附屬公司或任何其他直接或間接持有本公司或其任何聯屬公司股權的任何其他直接或間接持有人就提供或接受本定義第(1)、(2)或(3)段所述集團內服務而構成債務的情況下，本公司、任何獲准聯屬母公司或受限制附屬公司並不構成債務。

投資由該人發行的債務或其他類似工具，以及在按照公認會計原則編制的資產負債表上被歸類爲或將被歸類爲投資的所有其他項目；”.

提供

以下任何項目均不被視爲投資：

(一)履行在正常經營過程中達成的套期保值義務；

(二)允許票據、單證在正常業務過程中背書；

(3)如本公司、覈准聯營母公司或附屬公司收購資產、股本或其他證券，代價包括本公司普通股、覈准聯營母公司或母公司。就「非限制性附屬公司」的定義和第4.07節而言：(1)「投資」將包括在該受限制附屬公司被指定爲非受限制附屬公司時，該受限制附屬公司的資產淨值的公平市值部分(與本公司或獲准聯屬母公司在指定爲非受限制附屬公司的受限制附屬公司的股權比例)；

提供

在將該附屬公司重新指定爲受限制附屬公司後，本公司或該獲准關聯母公司將被視爲繼續在非受限制附屬公司擁有永久「投資」，金額(如爲正數)等於(A)本公司或該獲准關聯母公司在重新指定爲受限制附屬公司時對該附屬公司的「投資」減去(B)在該附屬公司如此重新指定爲受限制附屬公司時該附屬公司的淨資產的公平市值部分(與本公司或該覈准關聯母公司在該附屬公司的股權比例)；及

(2)保證轉讓給不受限制的子公司或從不受限制的子公司轉讓的任何財產將按轉讓時的公平市場價值估值，

在每一種情況下，均由本公司董事會或高級管理人員或獲准的關聯母公司本着善意最終確定。如本公司、覈准聯屬母公司或受限制附屬公司轉讓、轉讓、出售、租賃或以其他方式處置受限制附屬公司的投票權股份，以致該附屬公司不再是受限制附屬公司，則本公司或覈准聯屬母公司於該人的投資應被視爲於有關轉讓或其他處置日期以相等於該日期該等有表決權股份的公平市價的金額作出。在任何時間未償還的任何投資的金額應爲該等投資的原始成本，減去(按本公司或獲准關聯母公司的選擇)任何股息、分派、利息支付、資本返還、償還或就該等投資收到的其他金額或價值。投資級證券“意思是：

(1)由美國政府或其任何機構或工具(現金等價物除外)或由美國政府直接全面擔保或擔保的證券，每種情況下的到期日均不超過收購之日起兩年；

(2)截至2004年1月1日由歐盟或歐盟成員國發行的證券，或其任何機構或工具(現金等價物除外)，或截至2004年1月1日由歐盟成員國直接全面擔保或擔保的證券，每種情況下的到期日不超過收購之日起兩年；(3)獲得S評級或穆迪A-2或更高評級的債務證券或債務工具，或該評級機構的等同於此類評級的債務證券或債務工具，或如果當時不存在標準普爾評級服務或穆迪投資者服務公司的評級，則相當於任何其他國家認可證券評級機構的此類評級，但不包括構成本公司、獲准關聯母公司及其各自子公司之間的貸款或墊款的任何債務證券或工具；(4)對專門投資於第(1)至(3)款所述類型投資的任何基金進行更多投資，該基金還可以持有無形金額的現金和現金等價物，以待投資和/或分配；以及

(5)在上述第(1)款和第(2)款所述以外的國家發行通常用於高質量投資的相應工具，每一種情況下的到期日均不超過收購之日起兩年。

投資級地位

“應在設施收到下列任何兩種情況時發生：

(1)獲穆迪給予「Baa3」(或同等評級)或更高評級；

(2)獲S給予「bbb-」(或同等評級)或更高評級；及(3)獲惠譽給予「BBB-」(或同等評級)或更高評級，在每一種情況下，評級機構都給出了「穩定的前景」。

IPO市值

“指相當於(1)首次公開招股結束時首次公開招股實體的已發行股本和已發行股本總數乘以(2)該等普通股或普通股權益在首次公開招股中出售或分派的每股價格。

IRU合同“指C&W Communications、本公司、獲准關聯母公司或受限制附屬公司在正常業務過程中就使用電信電纜系統容量的權利(包括將該容量出租給另一人的權利)而訂立的合同。.

合資母公司

“是指在母公司合資企業交易中形成的合資實體。

自由拉丁美洲

“指Liberty拉丁美洲有限公司及其任何和所有繼承人。

留置權

“指任何性質的轉讓、按揭、質押、擔保權益、產權負擔、留置權或押記(包括任何有條件出售或其他所有權保留協議或租約)。

有限條件交易

“指(1)在任何情況下，由本公司、任何獲准聯屬母公司及受限制附屬公司的一間或多間公司對任何資產、業務或人士進行的任何投資或收購，而該等投資或收購的完成並不以能否獲得或獲得第三方融資爲條件；(2)任何贖回、回購、失敗、清償及清償債務，而該等贖回、回購、清償、清償及清償或償還債務須於贖回、回購、失敗、清償及清償或償還前發出不可撤銷的通知；及(3)任何受限付款。

有限追索權

“指公司、獲准關聯母公司或任何受限制子公司(應收賬款實體除外)就應收賬款實體在合格應收賬款交易下產生債務而出具的信用證、循環貸款承諾、現金抵押品帳戶、擔保或其他信用增強；

提供本公司、任何獲准聯屬母公司及受限制附屬公司(應收賬款實體除外)的該等信用證償還責任總額及該等循環貸款承諾、現金抵押品帳戶、擔保或其他該等增信措施的可用總額在任何時候均不得超過該等債務本金的25%。

管理費

“指本公司、覈准聯營母公司或任何受限制附屬公司須支付的任何管理、顧問、管家或其他類似費用，包括任何母公司代表本公司、任何覈准聯營母公司或任何受限制附屬公司招致及/或收取的任何費用、收費及相關開支。

市值

“指相等於(1)於有關股息宣佈日期的首次公開招股實體的已發行股本及已發行股本總數，乘以(2)緊接該股息宣佈日期前連續30個交易日該股本每股收市價的算術平均數。

少數股權投資

指本公司、覈准聯營母公司或受限制附屬公司擁有少數股權的任何人士，而該少數股權並非本公司的附屬公司、覈准聯營母公司或被本公司董事會或高級管理層指定爲「少數股權投資」的受限附屬公司或准許聯營母公司。本公司的董事會或高級管理人員或獲准的關聯母公司隨後可選擇取消任何此類指定。任何此類指定或選舉應通過迅速向行政代理提交官員證書來向行政代理證明，證明該指定或選舉由公司董事會或高級管理人員或允許的關聯母公司進行。

淨可用現金

“資產處置是指從資產處置收到的現金付款(包括根據應收票據或分期付款或其他方式以遞延支付本金的方式收到的任何現金付款，以及出售或以其他方式處置作爲對價收到的任何證券的淨收益，但僅在收到時和在收到時，但不包括收購人以債務或其他債務的形式收到的與該資產處置標的的財產或資產有關的任何其他對價，或以任何其他非現金形式收到的對價)，在每種情況下，淨額：

(1)包括所有法律、會計、投資銀行、所有權和記錄稅收支出、佣金和其他費用和支出，以及根據GAAP要求作爲負債支付或應計的所有聯邦、州、省、外國和地方稅(在考慮到任何

可用稅收抵免或扣除以及任何稅收分享協議)，作爲此類資產處置的結果；

(2)根據對此類資產的任何留置權的條款，或根據其條款，或爲了獲得對此類資產處置的必要同意，或根據適用法律，對任何由接受此類資產處置的資產擔保的債務所支付的所有款項，應從此類資產處置的收益中償還；(3)支付因資產處置而需要向子公司或合資企業少數股權持有人支付的所有分配和其他款項；以及

(4)根據公認會計原則，扣除賣方將撥備的適當金額作爲準備金，以抵銷與在該等資產處置中處置並由本公司、准許關聯母公司或任何受限制附屬公司在該資產處置後保留的資產相關的任何負債。

現金淨收益

“指就任何發行或出售股本、附屬股東貸款或其他出資而言，指該等發行或出售的現金收益，扣除律師費、會計師費用、承銷商或配售代理費、上市費、折扣或佣金及經紀、顧問及其他與該等發行或出售有關的實際產生的費用及收費，並扣除因該等發行或出售而已支付或應付的稅項(在考慮任何可用稅項抵免或扣減及任何分稅安排後)。非控制性權益“指由本公司、獲准聯營母公司或任何受限制附屬公司以外的人士持有的受限制附屬公司的任何少數股權。

非追索債務

“指本公司、覈准聯營母公司或受限制附屬公司(而非任何其他人士)的任何債務，而被欠下或可能欠下該等債務的一人或多於一名人士對本公司、覈准聯營母公司或受限制附屬公司有追索權或沒有任何追索權，以支付或償還該等債務：

(1)除向本公司、獲准聯屬母公司或受限制附屬公司追索外，僅限於因強制執行任何擔保該等債務的抵押品或就該等債務所涉資產的任何其他處置或變現而收回的款額；

提供

根據任何協議的條款，該等人士或該等人士無權展開將本公司、覈准聯營母公司或受限制附屬公司清盤、解散或管理的法律程序(或具有同等效力的法律程序)，或就本公司、覈准聯營母公司或受限制附屬公司或其任何資產委任或安排委任任何接管人、受託人或類似人士或高級人員，直至該等融資已悉數清還爲止；及

只要，進一步，根據這一定義產生和未償還的所有債務的本金金額不超過(I)$25000萬和(Ii)總資產的5.0%中的較大者。 (軍官“任何人是指董事會主席、首席執行官、首席財務官、副首席財務官、總裁、總裁任何副總裁、董事任何董事總經理、任何董事董事、任何董事會成員、財務主管、任何助理財務主管、秘書或任何助理秘書，或上述人士的任何授權簽字人。

高級船員證書

“指由一名或多名高級船員簽署的證明書。

大律師的意見“指行政代理人合理接受的法律顧問的書面意見。律師可以是公司的僱員或法律顧問，也可以是獲准的關聯母公司或行政代理。.

日常業務過程

“指本公司、任何獲准聯屬母公司、任何聯屬附屬公司及其各自的任何附屬公司和/或最終母公司及其附屬公司的正常業務過程。

參數覆蓋“指與天氣有關事件的任何參數保險或衍生安排。, 父級“指(1)最終母公司、(2)在修訂生效日期本公司爲其附屬公司的最終母公司的任何附屬公司、(3)在修訂生效日期後本公司或獲准聯營母公司在任何時間是或成爲其附屬公司的任何其他人士(爲免生疑問，包括分拆後的分拆母公司及分拆母公司的任何附屬公司)及(4)任何合營母公司、合營母公司的任何附屬公司及母公司合營公司交易後的任何母公司聯營公司持有人。

家長開支

“意思是：

(1)任何母公司或母公司的任何子公司因遵守任何政府、監管或自律機構或證券交易所的適用法律、規則或規定、貸款文件或與本公司、獲准關聯母公司或任何受限子公司的債務有關的任何協議或文書而承擔的報告義務或以其他方式發生的報告義務而發生的其他費用(包括所有專業費用和開支)；

(2)根據其章程或章程，或根據與任何此等人士的書面協議，就其對本公司、獲准關聯母公司或任何受限附屬公司的所有權或本公司、任何准許關聯母公司或任何受限附屬公司的業務的進行，承擔任何母公司或母公司的任何子公司對董事、高級管理人員、僱員或其他人士的賠償義務；(3)任何母公司或母公司的任何子公司就其對本公司、獲准關聯母公司或任何受限附屬公司的所有權或進行本公司、任何覈准關聯母公司或任何受限附屬公司的業務而承擔的董事及人員保險(包括其保費)的責任；(4)扣除一般企業管理費用，包括與本公司、覈准關聯母公司或任何受限制附屬公司的業務(包括但不限於集團內服務)的擁有權、管理或營運有關的任何母公司或附屬公司的專業費用及開支及其他營運開支，包括本公司、覈准關聯母公司或根據本協議准許的附屬公司(不論是否成功)在每種情況下的收購或處置或庫房交易(不論是否成功)，惟該等成本、債務及/或開支並非由該母公司的另一間附屬公司支付；及

(5)包括與交易有關的任何父母應支付的費用和支出。

母公司合資企業持有人“指合營母公司股本的持有人。母公司合資企業交易

“指將母公司的部分或全部資產出資，或向一個或多個並非最終母公司的聯營公司的實體發行或出售母公司的股份而組成合營企業的交易。

許可資產互換

“指本公司、獲准聯營母公司或任何受限制附屬公司與另一人同時買賣或交換相關業務資產(包括但不限於關連業務的證券)或該等資產、現金及現金等價物的組合。

獲准經營的業務

“指任何業務：(1)任何母公司、任何母公司的任何子公司、本公司、獲准關聯母公司或任何受限子公司在修訂生效日期從事的業務；(2)包括升級、建設、創建、開發、營銷、收購(在本協定允許的範圍內)、運營、使用和維護利用現有或未來技術傳輸、接收和交付語音、視頻和/或其他數據的網絡(包括傳輸、接收和/或提供服務的網絡，如多頻道電視和廣播、節目、電話(爲免生疑問，包括移動電話)、互聯網服務和內容、高速數據傳輸、視頻、多媒體和相關活動)；

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(3)任何母公司、任何母公司的任何附屬公司、本公司、任何獲准聯屬母公司或受限制附屬公司於修訂生效日期從事的業務，包括但不限於所有形式的電視、電話(爲免生疑問，包括移動電話)和互聯網服務，以及與運營商、網絡、廣播或通訊服務或內容有關的任何服務，包括但不限於與該等業務合理類似、附屬、互補或有關的業務，或對該等業務的合理擴展、發展或擴展；或(4)由一名或多名從事上述任何業務的人士組成的控股公司。, 允許抵押品留置權“意思是：

(1)對「允許留置權」定義第(2)、(3)、(4)、(5)、(6)、(8)、(9)、(11)和(12)款中的一項或多項所描述的抵押品取消留置權，並且在每種情況下都不會對證券受託人在抵押品文件下授予的抵押品執行留置權的能力造成實質性干擾；以及(2)取消抵押品留置權，以確保：(A)償還債務(對任何無擔保的額外貸款除外)；

(B)根據第4.09(A)(2)節、第4.09(B)(1)節、第4.09(B)(3)節、第4.09(B)(4)節(就第4.09(B)(4)節而言，在第4.09(B)(4)節的情況下，此類債務是以修訂生效日存在的抵押品上的留置權或根據修訂生效日現有的書面安排規定的抵押品的留置權作爲擔保)，第4.09(B)(13)節(在第4.09(B)(13)節的情況下，該擔保是就本允許抵押品留置權定義的第(2)款中以其他方式允許擔保的債務而規定的)、第4.09(B)(14)節、第4.09(B)(18)節、第4.09(B)(21)節或第4.09(B)(25)節；

(C)第4.09(B)(6)節允許發生的債務及其擔保；

提供

(I)本公司、任何覈准聯屬母公司及受限制附屬公司將可根據第4.09(A)(2)或(Ii)節產生1.00元額外債務。

有擔保的淨槓桿率不會高於緊接在給予該等收購或其他交易形式上的效力及產生該等債務之前的水平；及

(D)就上述(A)、(B)和(C)款所指的債務償還任何再融資債務；提供(I)該留置權的級別等於或低於保證貸款方高級債務的抵押品上的所有其他留置權，以及(Ii)本條第(2)款所指的債務持有人(或其正式授權的代表)應訂立任何適用的債權人間協議；和

(3)取消抵押品留置權，以確保：

(A)根據第4.09(A)(1)節、第4.09(B)(1)節、第4.09(B)(4)節允許發生的債務(在第4.09(B)(4)節的情況下，此類債務以在修訂生效日期存在的抵押品上的留置權或根據修訂生效日期現有的書面安排規定的抵押品的留置權作爲擔保)，第4.09(B)(6)節，第4.09(B)(13)節(在第4.09(B)(13)節的情況下，該擔保是就本允許抵押品留置權定義的第(3)款中以其他方式允許擔保的債務而言的)、第4.09(B)(14)節、第4.09(B)(18)節、第4.09(B)(21)節或第4.09(B)(25)節；

(B)就前述(A)款及本款(B)項所指的債務償還任何再融資債務；

提供

(I)該留置權優先於擔保貸款方高級債務的抵押品上的所有其他留置權，以及(Ii)本條第(3)款所指債務的持有人(或其正式授權的代表)應訂立任何適用的債權人間協議。覈准信貸安排指一項或多項債務融資或安排(包括但不限於本協議)，該等債務融資或安排可由本公司、一家獲准關聯母公司及受限制附屬公司訂立，以提供信貸貸款、信用證或其他債務或其他墊款，在每種情況下均須符合第4.09節的規定。允許的融資行動“指在根據第4.09節允許發生任何債務或再融資債務的範圍內，爲一個或多個貸款人或投資者的承諾或融資債務的無現金展期提供便利或與該債務或再融資債務相關的任何交易。

認可持有人“統稱爲(1)最終母公司，(2)在分拆的情況下，分拆母公司及其任何附屬公司，(3)上文第(1)或(2)款所述的核準持有人的任何聯營公司或有關人士，以及該等覈准持有人、聯營公司或有關人士的任何繼承人，(4)擔任本公司任何公開或非公開發行股本的承銷商或覈准聯營公司母公司的任何人士，及(5)取得投票權股票或公司全部或實質所有資產的「實益擁有權」(按交易法第13d-3及13d-5條的定義)的任何「個人」或「團體」(按交易法第13(D)及14(D)條所用的有關術語)，任何獲准聯屬母公司及受限制附屬公司(整體而言)構成控制權變更，本公司已就該控制權變更通知行政代理，而所需貸款人並無根據本協議第2.05(B)(Ix)項要求預付及取消貸款。 (允許的投資“意思是：

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(1)投資於本公司、本公司的獲准關聯母公司或任何受限附屬公司、准許關聯母公司或受限附屬公司(應收賬款實體除外)或作出該等投資後將成爲準許關聯母公司或受限附屬公司(應收賬款實體除外)的人士；

(2)允許本公司、獲准關聯母公司或任何受限制子公司對另一人的投資，如果由於此類投資，該其他人與本公司、獲准關聯母公司或受限制子公司(應收賬款實體除外)合併或合併，或將其全部或幾乎所有資產轉讓或轉讓給本公司、獲准關聯母公司或受限制子公司；

(3)以現金及現金等價物或投資級證券形式投資於本公司、獲准關聯母公司或任何受限子公司；(4)確認本公司、覈准關聯母公司或任何受限制附屬公司在應收賬款中的投資，因本公司、准許關聯母公司或在正常業務過程中設立或收購的任何受限附屬公司而根據慣常貿易條款應付或清償；提供

該等貿易條款可包括本公司、獲准關聯母公司或任何該等受限制附屬公司在有關情況下認爲合理的優惠貿易條款；

(5)包括本公司、獲准關聯母公司或任何受限子公司在工資、差旅和類似墊款方面的投資，以支付在此類墊款時預計最終將被視爲會計費用的事項，以及在正常業務過程中作出的事項；(6)允許本公司、覈准關聯母公司或任何受限附屬公司在正常業務過程中向員工提供符合本公司、覈准關聯母公司或該受限附屬公司過去做法的貸款或墊款；(7)對本公司、獲准關聯母公司或任何受限附屬公司在股本中的投資、債務、應收賬款或爲清償在正常業務過程中產生並欠本公司、准許關聯母公司或任何受限附屬公司的債務，或由於喪失抵押品贖回權、完善或執行任何留置權，或爲履行判決或根據任何重組、清算、資本重組或類似安排的計劃，包括債務人破產或無力償債而收取的證券；

(8)包括本公司、獲准關聯母公司或任何受限子公司因出售或其他財產或資產處置收到非現金對價而進行的其他投資，包括但不限於在每種情況下根據第4.10節進行的資產處置，以及因根據該定義的排除而被排除在「資產處置」定義之外的交易中因處置資產而產生的其他投資；

(9)禁止本公司、許可關聯母公司或任何受限制附屬公司在修訂生效日期存在或根據修訂生效日期生效的有約束力的承諾作出的任何投資，或由修訂生效日期存在的或符合第4.07節的任何投資或有約束力的承諾的任何延長、修改、替換、續展或再投資組成的投資；

提供

任何此類投資或具有約束力的承諾的金額可以增加：(A)根據修訂生效日期存在的此類投資或具有約束力的承諾的條款的要求(包括由於利息或原始發行折扣的應計或增加或實物支付證券的發行)，或(B)本協定允許的其他情況；

(10)包括本公司、獲准關聯母公司或任何受限制附屬公司在貨幣協議、商品協議和利率協議(均非爲投機目的而訂立)中的投資，以及相關的對沖義務；

(11)本公司、獲准關聯母公司或任何受限制附屬公司的投資，連同根據本條第(11)款進行的所有其他投資，在任何時間的總金額不得超過25000美元的萬和總資產的5.0%；

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(27)將相關託管協議允許的託管收益的全部或部分投資於公司、許可關聯母公司或任何受限制的子公司；

(28)支持本公司、獲准關聯母公司或任何受限子公司的投資，包括購買和收購庫存、用品、材料、服務或設備，或購買合同權利或知識產權許可證或租賃；(29)根據聯合營銷安排，支持本公司、獲准關聯母公司或任何由知識產權許可或貢獻組成的受限子公司的投資；

(30)接受本公司、獲准關聯母公司或任何受限附屬公司以預付費用的形式支付的預付款，只要該等費用是按照本公司、獲准關聯母公司或受限附屬公司的慣例貿易條款支付的；

(31)鼓勵本公司、獲准聯屬母公司或任何合營公司的受限制附屬公司就正常業務過程中出現的公司間現金管理安排或相關活動進行投資；及(32)本公司、獲准關聯母公司或受限制附屬公司與任何人士的任何啓動融資或種子資金有關的投資，連同根據本條第(32)款進行的所有其他投資，在投資時的總金額不得超過(A)7,500美元萬和(B)總資產的1.0%；提供如果根據本條款對不是受限制附屬公司的個人進行投資，而該人隨後成爲受限制附屬公司或隨後根據第4.07節被指定爲受限制附屬公司，則該投資此後應被視爲根據「允許投資」定義第(1)或(2)款而不是根據本條款進行的。獲准的合資企業“指一個或多個合資企業：(1)根據業務部交易將本公司、覈准關聯母公司或任何受限附屬公司的業務解決方案部門的部分或全部資產貢獻給由本公司、覈准關聯母公司或任何受限附屬公司與一個或多個合資企業組成的合資企業；(2)根據內容交易將本公司、覈准關聯母公司或任何受限附屬公司的內容業務的部分或全部資產貢獻給本公司組成的合資企業；允許留置權

“意思是：

(2)接受該人根據工人補償法、失業保險法或類似法律作出的抵押或存款，或與該人作爲一方的投標、投標、合同(償還債務除外)或租賃有關的善意存款，或爲保證該人的公共或法定義務而支付的存款，或爲保證該人作爲一方的擔保或上訴債券而存放的現金或美國政府債券，或作爲有爭議的稅項、進口關稅或關稅或支付租金的擔保的存款；(3)法律規定的其他留置權，包括承運人、倉庫保管員、機械師、房東、物料工、維修工、建築商和其他類似留置權，每一種情況下的金額均未逾期超過60天，或已擔保或通過適當程序真誠抗辯；

(4)對尚未因拖欠稅款而受到處罰或正在通過適當程序真誠抗辯的稅收、評估或其他政府收費設立留置權；

繼續），（b）小型調查例外、擔保、軌道權、特別評估、土地租賃、許可證、通行權、下水道、電線、電報和電話線以及其他類似目的的地役權或保留，或其他人的權利，或分區、建築規範或其他限制（包括但不限於所有權和類似擔保的輕微缺陷或違規行爲）與公司業務開展附帶的不動產或優先權的使用有關，任何許可關聯母公司和受限制子公司或其財產的所有權，總體上不會對所述財產的價值產生重大不利影響或重大損害其在公司業務運營中的使用，任何許可關聯母公司和受限制子公司以及（c）影響任何不動產的任何譴責或徵用權訴訟;

（7） [保留];

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(38)取消根據終審法院條款簽發的支持信用證的現金留置權或爲同一目的而作出的任何現金託管安排；

(39)對本公司、獲准關聯母公司或任何受限子公司的設備在正常業務過程中授予公司客戶、獲准關聯母公司或受限附屬公司設備的留置權；

(40)與市政當局和其他政府當局簽署影響物業開發、服務或使用的其他拆分協議、場地規劃控制協議、開發協議、服務協議、費用分擔、互惠和其他類似協議；

提供

在所有重大方面遵守相同的規定，但董事會或本公司高級管理層或獲准關聯母公司真誠地認定，此類不遵守不會對本公司、任何獲准關聯母公司及其各自子公司的整體業務造成任何實質性干擾；

提供在所有實質性方面都遵守同樣的規定；.

(42)被視爲因法律的實施而設立的信託，涉及下列金額：(A)尚未到期和應付，(B)無關緊要，(C)本着善意並通過適當的程序進行爭奪，並已根據公認會計准則爲其建立適當的準備金，或(D)在進行盡職調查後因疏忽而未支付；

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(43)取消對在正常業務過程中存放的存款進行扣押的留置權，以確保對保險承運人承擔責任；以及

(44)擔保債務和擔保的留置權。

允許的稅制重組“指與稅務籌劃及稅務重組有關的任何重組及其他活動，只要該等獲准的稅務重組不會對貸款人造成重大不利(由本公司善意決定)。.

人

指任何個人、公司、合夥企業、合營企業、協會、股份公司、信託、非法人組織、有限責任公司、政府或其任何機關、分支機構或任何其他實體。關停後重組.

“指最終母公司可能對CWC集團進行的重組，預計將包括：(1)通過一項或多項合併、轉讓，將本公司及其任何獲准關聯母公司及其各自子公司或本公司及任何許可關聯母公司的母公司向最終母公司或最終母公司的另一家直接子公司進行分銷或以其他方式轉讓；合併或其他類似交易，使本公司及任何覈准聯屬母公司及其各自的附屬公司或該等母公司將成爲最終母公司或最終母公司的該等其他直接附屬公司的直接附屬公司及/或(2)本公司及任何覈准聯營母公司向最終母公司或最終母公司的另一直接附屬公司發行股本，以及作爲代價，由最終母公司或最終母公司的直接附屬公司轉讓本公司或准許聯營母公司的應收貸款，及/或(3)加入一個新實體作爲C&W Communications的直接附屬公司，哪個新實體將成爲公司的母公司。

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優先股

適用於任何公司、合夥企業、有限責任公司或其他實體的股本，是指在支付股息或在此類實體自願或非自願清算或解散時分配資產方面優先於任何其他類別的此類實體的股本的任何類別(無論如何指定)的股本。

形式EBITDA“指本公司、任何獲准聯營母公司及受限制附屬公司在任何期間的綜合EBITDA；提供

就計算該期間的形式EBITDA而言，如果截至該決定日期：(1)自該期間開始後，本公司、任何獲准關聯母公司或任何受限制附屬公司將對任何公司、任何業務、構成業務運營單位的任何資產組或任何少數股權投資進行任何資產處置或處置(任何該等處置、.

銷售

“)或如導致需要計算綜合淨槓桿率、綜合高級擔保淨槓桿率或預計非控制性權益EBITDA(視何者適用而定)的交易是此類出售，則該期間的預計EBITDA將減少相當於該期間作爲該等出售標的的資產的綜合EBITDA(如爲正)的款額，或增加相等於該期間的綜合EBITDA(如爲負數)的金額；

購買

“)包括與導致根據本條例作出計算的交易有關而發生的任何此類購買，則該期間的綜合EBITDA將在給予形式上的效力後計算，猶如該項購買發生在該期間的第一天一樣；及(3)如自該期間開始以來，任何人士(自該期間開始成爲受限制附屬公司或與本公司、任何覈准聯屬母公司或任何受限制附屬公司合併)將會作出任何出售或任何需要根據上文第(1)或(2)款作出調整的購買，而該等出售或購買是由本公司、任何覈准聯屬母公司或受限制附屬公司自該期間開始以來作出的，則該期間的綜合EBITDA將於給予形式上的效力後計算，猶如該等出售或購買發生於該期間的第一天。.

爲了這一定義的目的並確定是否符合貸款文件中要求計算任何財務比率或測試的任何規定，(A)只要任何交易或計算具有形式效果，預計計算將由公司負責的財務或會計官員真誠地最終確定(包括但不限於預期費用和成本削減)，包括但不限於，作爲公司、獲准關聯母公司或任何受限制子公司採取、承諾採取或已採取重大步驟的任何行動的結果或將導致的結果，包括但不限於，關於任何成本削減協同效應或成本節約計劃或方案，或與任何交易、投資、收購、處置、重組、公司重組或其他方面有關(無論這些成本節約和成本削減協同效應是否可以在編制的備考財務報表中反映)，(B)在確定任何確定日期的未償債務數額時，任何發生、償還、回購、失敗或其他收購都應具有預估效果，(C)任何債務如按浮動利率計息並具有形式上的效力，則在計算該債務的利息時，須猶如該計算日期的有效利率已適用於整段期間一樣(考慮適用於該等債務的任何對沖責任)。

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爲免生疑問，綜合EBITDA及任何公司或業務部門的所有未償還債務或將根據已簽署的購買協議(可能受一項或多項先決條件規限)收購或處置的其他資產，在計算預計EBITDA時可給予形式上的效力。預計非控股權益EBITDA

生產設施

“指貸款人向本公司、獲准關聯母公司或任何受限制附屬公司提供的任何融資安排。公共債務“指以(1)根據證券法登記的公開發售或(2)根據證券法根據規則144A及/或S規則包銷以供轉售的面向機構投資者的私募發行而發行的債券、債權證、票據或其他類似債務證券，不論是否包括賦予該等債務證券持有人有權在美國證券交易委員會登記以供公開轉售的登記權。爲免生疑問，「公共債務」一詞不得解釋爲包括以直接配售方式向機構投資者發行的任何債務。

未由中間人承保的債務（應理解，在不限制上述規定的情況下，分配給不超過十人的融資（(1)如果被再融資的債務構成次級債務，(A)如果被再融資的債務的聲明到期日早於融資工具的最新到期日，則再融資債務的聲明到期日不早於正在進行再融資的債務的聲明到期日，或(B)如果正在再融資的債務的聲明到期日晚於融資工具的最新到期日，則再融資債務的聲明到期日晚於融資工具的最新到期日；(2)如果該再融資債務的本金總額(如果以原始發行折扣發行的，則爲總髮行價)等於或少於當時未償還的再融資債務的本金總額(或如果以原始發行折扣發行，則爲總增值價值)加上支付與此相關的任何利息、手續費和支出、保費和虧損費用的金額；以及

(3)如果被再融資的債務構成次級債務，則該再融資債務在償付權上從屬於債務，其條款至少與管理被再融資債務的文件中所載的條款一樣有利於融資方。

任何信貸安排或任何其他債務的再融資可能會在終止、清償或償還任何該等信貸安排或其他債務的全部或任何部分後不時產生。

相關業務

“指於修訂生效日期與本公司、任何獲准聯屬母公司及受限制附屬公司的任何業務相同或有關、附屬或補充的任何業務。

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相關人士

“就任何覈准持有人而言，指：(1)收購任何控股股東或該覈准持有人的多數(或以上)擁有的附屬公司；.

(3)就任何信託、法團、合夥或其他人士而言，任何信託、法團、合夥或其他人士的一名或多名覈准持有人及其他有關人士爲該等信託、法團、合夥或其他人士的受益人、股東、合夥人或擁有人，或合共實益持有該等信託、法團、合夥或其他人士的多數(或以上)控股權的人士。相關稅種“意思是：(1)包括但不限於銷售、使用、轉讓、租金、從價稅、增值稅、印花稅、財產、消費、特許經營權、許可證、資本、註冊、商業、關稅、淨值、毛收入、消費稅、佔有率、無形資產或類似的稅項(以收入衡量的(X)稅和(Y)對任何父母支付的款項徵收的預扣稅除外)：

(A)尚未組織或成立爲法團或已發行股本(但不是憑藉擁有除本公司、獲准關聯母公司或任何受限附屬公司或本公司、覈准關聯母公司或任何受限附屬公司的任何附屬公司以外的任何法團或其他實體的股份或其他股權)，或

(B)作爲本公司的控股公司、本公司的核準聯屬母公司或任何受限制附屬公司、准許聯屬母公司或任何受限制附屬公司的附屬公司，或

(C)不再從本公司的股本、本公司的核準聯屬母公司或任何受限制附屬公司、准許聯屬母公司或任何受限制附屬公司的附屬公司收取股息或其他分派，或

在每種情況下，在該等稅款並非由另一間附屬公司或該母公司支付的範圍內；或

(2)如本公司、獲准關聯母公司、任何受限附屬公司及其各自的附屬公司已代表僅由本公司、許可關聯母公司、任何受限附屬公司及其各自的附屬公司組成的聯營集團按綜合、合併、集團、附屬公司或單一基準繳稅，則以任何以任何母公司有責任支付的收入衡量的任何稅項，其款額不得超過本公司、獲准關聯母公司、任何受限附屬公司及其各自附屬公司本應以獨立公司爲基礎或按綜合基準繳納的任何此等稅項的款額，任何受限制附屬公司及其各自附屬公司，以及就本公司、獲准聯屬母公司、任何受限制附屬公司及其各自附屬公司直接或間接提供的任何融資而預扣一家母公司向另一家母公司支付款項而徵收的任何稅項(在每種情況下，減去以本公司、獲准聯營母公司、任何受限制附屬公司及其各自附屬公司實際支付的收入衡量的任何稅項)。

代表

“指高級債務的任何受託人、代理人或代表(如有的話)或高級債務的提供者(如以雙邊方式提供)，視屬何情況而定。

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報告實體

“指C&W通信，或在根據第4.03(D)節作出任何選擇後，本公司或該等其他母公司，或在許可的關聯方集團指定日期後，C&W母公司或C&W母公司的母公司。「儲備負債額」.”

具有第4.09節中賦予該術語的含義。

受限投資

“指許可投資以外的任何投資。受限子公司.

“指本公司或獲准聯屬母公司(包括任何借款人)的任何附屬公司，連同任何聯屬附屬公司，在每種情況下，不包括非限制性附屬公司。

“指黑貂控股有限公司及其後繼者。

美國證券交易委員會“指美國證券交易委員會。

證券法“指經修訂的1933年美國證券法。

證券化義務“指任何應收賬款實體的任何債務或其他債務。

高級負債

“指貸款當事人的所有其他債務，包括保費、應計利息和未付利息(包括在與每一貸款當事人有關的破產或重組呈請提交之時或之後按文件所指明的利率計算的利息，不論在該法律程序中是否允許就提交後的利息提出申索)，以及與此有關的費用，不論在修訂生效日期或其後產生的未清償款額，包括保費和應計及未付利息；提供高級債務不包括：

(一)避免因違反本協議而產生的任何債務；

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(2)不承擔任何貸款方對任何受限制子公司的任何義務；

(3)承擔本公司、獲准關聯母公司或任何受限子公司的任何欠稅或欠稅責任；

(4)清償在正常業務過程中產生的對貿易債權人的任何應付帳款或其他債務(包括其擔保或證明該等負債的票據)；

(5)對明確從屬於或低於借款人的任何其他債務、擔保或義務的貸款方的任何債務、擔保或義務，包括但不限於任何附屬債務；或(6)購買任何股本。

「高級發鈔人」

指C&W高級財務有限公司及其任何和所有繼任者。
優先擔保債務

「指在任何確定日期就任何人而言，指(1)以第一優先權留置權作擔保、(2)由貸款方產生並以貸款方或任何受限制附屬公司的資產的任何其他留置權(根據」准許留置權“定義第(22)、(28)或(29)款准許的留置權除外)作抵押的任何債務，或(3)由非貸款方的受限制附屬公司所產生的債務(不包括由借款方產生的任何再融資債務

大東電報局國際金融公司就其而言)，在每種情況下，不重複計算。.

重要子公司

“指任何受限制附屬公司，連同該受限制附屬公司的受限制附屬公司，於最近完成的財政年度結束時佔總資產的10.0%以上。

償付能力清算“指涉及母公司或任何授予人(借款人除外)的任何附屬公司的業務或資產，或其股份(或其其他權益)的任何自動清盤、清盤或公司重組；.

提供

110

倘若參與該等有償債能力清盤的母公司或設保人的附屬公司爲擔保人，則繼承公司將承擔該擔保人根據貸款文件及任何債權人間協議(該擔保人於有償付能力清盤前爲該等協議的一方)所承擔的所有責任，除非(I)該繼承公司爲現有擔保人或(Ii)該繼承公司若非因本但書的施行，將不再須爲抵押品上擔保的融資或任何其他高級擔保債務提供擔保，因此，根據本協議第11.09(B)節，本但書所規定的任何擔保將須自動解除。

「SPV發行商」指C&W高級融資指定活動公司及其任何和所有繼任者。.

特別股息

“指在緊接2016年Liberty收購完成前支付給C&W Communications登記在冊的股東的特別股息，金額爲每股0.03 GB。指明的法律費用.

“在不構成非常、非經常性或不尋常的損失、費用或費用的範圍內，指與任何威脅、待決、已完成或未來的索賠、要求、訴訟、訴訟、法律程序、查詢或調查(無論是民事、刑事、行政、政府或調查)有關的所有律師和專家的費用和開支以及所有其他費用、負債(包括所有損害賠償、罰款、罰款和賠償和和解付款)以及已支付或應付的費用。

衍生產品“指將本公司及任何覈准聯營母公司或本公司或最終母公司直接或間接擁有的核準聯營母公司的所有已發行普通股及/或股權股份分派予(1)最終母公司的所有股東或(2)最終母公司的組織章程細則所規定的最終母公司的一個或多個股東組的所有股東，在任何情況下，直接或間接透過分派持有本公司股份的母公司及任何覈准聯營母公司的股份或該等母公司的股份。.

自旋父項

“指根據分拆向最終母公司的股東分派其股份的人士。

標準證券化承諾“指本公司、獲准聯屬母公司或任何受限制附屬公司訂立的聲明、保證、契諾及彌償，該等聲明、保證、契諾及彌償在應收賬款交易證券化過程中屬合理慣例，包括但不限於與應收賬款實體的資產服務及有限追索權有關的聲明、保證、契諾及賠償，應理解爲任何應收賬款回購債務應被視爲標準證券化承諾。.

規定的到期日

“就任何抵押品、貸款或其他負債證據而言，指在該等抵押品、貸款或其他負債證據中指明爲該等抵押品、貸款或其他債務證據的本金的支付的固定日期，包括根據任何強制性償還、贖回或回購規定而到期支付的日期，但不包括在原定付款日期前償還、贖回或回購任何該等本金的任何或有義務。從屬債務.

“就借款人而言，指借款人的任何債務(不論在修訂生效日期或其後發生的債務)，而根據書面協議，該借款人的償債權利明顯從屬於或優先於該債務；就擔保人而言，指該擔保人的任何債務(不論在修訂生效日期或其後發生的債務)，根據書面協議，其付款權利明顯從屬於該擔保人的保證。

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次級股東貸款

“指本公司、覈准聯營母公司或受限制附屬公司的債務(以及該等債務(股本除外)可轉換或可由持有人選擇兌換的任何證券)，並由任何聯營公司(本公司、覈准聯營母公司或受限制附屬公司除外)發行及持有，而該等聯營公司(本公司、覈准聯營母公司或受限制附屬公司)(根據其條款或根據有關協議)：(1)在貸款的最後到期日一週年之前，該貸款不到期或要求任何攤銷、贖回或以其他方式償還本金或任何償債基金付款(通過將此類債務轉換或交換爲本公司或獲准關聯母公司(視情況而定)的股本(不合格股票除外)，或任何符合本定義要求的債務)；.

(3)融資不包含控制權變更或有效的類似條款，也不加速，也無權在融資最新到期日一週年之前宣佈違約或違約事件，或採取任何執法行動或以其他方式要求任何現金支付；

(4)公司不規定或要求對公司、獲准關聯母公司或任何受限制子公司的任何資產進行任何留置權或產權負擔；

(5)如(A)本公司或獲准聯屬母公司或該受限制附屬公司(視何者適用而定)全部或部分清盤、解散或清盤，(B)破產、重組、無力償債、接管或與本公司或其財產、准許聯屬母公司或其財產或受限制附屬公司或其財產(視何者適用而定)有關的破產、重組、破產、接管或類似程序，(C)爲債權人利益而轉讓，或(D)本公司的任何編組，許可關聯母公司或受限制子公司的資產和負債(視情況而定)；

直至(I)該失責行爲獲得補救或免除的日期或(Ii)自該失責行爲發生之日起計180天爲止(而在任何360日期間內只可發出一份該等通知)；和(7)如果該等附屬股東貸款的持有人在(A)非根據本協議或由於適用法律的強制性要求或(B)在上文第(5)(A)至(D)款所述的情況下收到有關該等附屬股東貸款的付款或分派時，該持有人應立即向行政代理或證券受託人支付所有該等款項，以便根據貸款文件以信託形式持有，以供申請。.

子公司

特立尼達和多巴哥的電信服務.

“指特立尼達和多巴哥有限公司的電訊服務。

測試期

112

指在任何確定日期，指最近連續兩個會計季度的期間，根據本公司或獲准的關聯母公司的選擇，(1)先前已根據第4.03節向行政代理提供中期管理報表和/或季度財務報表，或(2)報告實體的內部中期管理報表和/或內部財務報表在緊接確定日期之前可用(

L2QA測試期但前提是

，本公司可選擇確定「測試期」應指，在確定之日，最近連續四個會計季度的期間，在公司或獲准關聯母公司的選擇下，(I)先前已根據第4.03節向行政代理提交季度財務報表，或(Ii)報告實體的內部財務報表在緊接確定日期之前可用(“

LTM測試期“)。對於作爲L2QA測試期的任何測試期，預計EBITDA和預計非控制性權益EBITDA的計算應通過將該L2QA測試期的預計EBITDA或預計非控制性權益EBITDA(視情況而定)乘以2來確定。公司只能選擇一次將L2QA測試期更改爲LTM測試期，一旦當選，則不得選擇從LTM測試期更改回L2QA測試期。.

總資產

“是指最近資產負債表所示的公司、任何許可附屬母公司和受限制子公司的合併總資產（不包括腳註）之前已根據第4.03條提供給行政代理人或在確定日期之前內部提供的（並且，對於與任何債務發生、任何限制性付款或本協議項下的其他確定有關的任何確定，採用符合「預計EBITDA」定義中規定的預計條款的預計和其他調整計算，包括但不限於：與此相關而獲得的任何財產或資產）。

塔樓資產“意思是：.

(1)包括託管或協助操作用於傳輸電信信號的裝置和設備的所有現有和未來的無線和廣播鐵塔及鐵塔場地，即由本公司、獲准關聯母公司或任何受限制附屬公司擁有或歸屬(不論根據所有權、對物權利、租賃、使用權、場地共享權、特許權或其他規定)的鐵塔及鐵塔場地，幷包括但不限於任何及所有在建的鐵塔及鐵塔場地；

(2)包括所有權利(包括但不限於物權、租賃權、使用權、場地共享權和特許權)、所有權、按金(包括但不限於存放在業主、電力局和輸電公司的按金)以及在已經或將在其上建造或將建造或豎立或安裝上述第(1)款所述鐵塔和鐵塔場地的土地或財產的權益；(3)包括與上文第(1)款所述塔樓或塔址及其運營有關的所有流動資產，無論是動產、不動產還是無形資產；.

電力接駁、公用設施、柴油發電機組、電池、電力管理系統、空調、遮蔽物及所有相關的土木及電力工程；及

(5)包括與上述第(1)至(4)款有關或有關的所有許可、許可證、批准、註冊、配額、獎勵、權力、當局、分配、同意、權利、利益、優勢、市政許可、商標、設計、版權、專利和其他知識產權以及任何種類、性質和描述的權力，無論是來自政府機構還是其他方面；以及(6)購買塔樓公司的股份或其他權益。塔樓公司

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“指其主要活動與塔樓資產有關且基本上所有資產都是塔樓資產的公司或其他實體。貿易應付款.

“就任何人而言，指該人在與取得貨品或服務有關的正常業務過程中產生的任何應付帳款或對貿易債權人產生的任何債務或金錢義務。

交易記錄(7)任何獲准的稅務重組及(8)與上述任何一項有關的所有其他關聯交易，以及支付或產生與任何該等交易相關的任何費用、開支或收費。.

TSTT HoldCo“指本公司的任何全資附屬公司或獲准的關聯母公司，除特立尼達和多巴哥電信服務公司的股本外，不持有任何其他重大資產。.

終極父輩

不受限子公司“意思是：

(1)包括本公司的任何子公司或獲准關聯母公司，或任何關聯子公司，在決定時應由公司董事會按以下規定的方式指定爲不受限制的子公司或獲准關聯母公司；以及

(2)收購非受限附屬公司的任何附屬公司。本公司或覈准聯屬母公司可指定本公司任何附屬公司或覈准聯屬母公司或聯屬附屬公司(包括任何新收購或新成立的附屬公司或因合併、合併或投資而成爲附屬公司的人士)爲非受限制附屬公司，但有關指定及本公司或獲准聯屬母公司對該附屬公司或聯屬附屬公司的投資須符合第4.07節。.

任何此類指定應通過迅速向行政代理提交官員證書來向行政代理證明，證明該指定符合上述條件。

本公司或獲准關聯母公司可將任何非限制性子公司指定爲受限子公司；

提供(1)本公司、任何獲准聯屬母公司及受限制附屬公司根據第4.09(A)(2)或(2)條可能招致至少1.00美元的額外債務；或(2)綜合高級擔保淨槓桿率將不會高於緊接該項指定生效前的水平(每種情況下，按該等指定計算)。.

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有表決權的股票

“任何人是指該人當時已發行且通常有權在董事選舉中投票的所有類別的股本。
全資子公司

“指(1)就任何人而言，指(1)就任何人而言，其所有股本(除(A)董事合資格股份或根據適用法律、法規或爲確保有限責任而須由其他人擁有的微不足道的數額的股份外)，以及(B)就應收賬款實體而言，由並非本公司聯營公司或獲准聯營母公司的人士持有的股份，僅爲允許該人(或該人的指定人)就與該應收款項實體有關的慣常重大事件投票，包括但不限於破產、無力償債或其他類似的法律程序，(2)滿足第(1)款要求的人直接或間接擁有。

附件二聖約.

除本協定另有規定外，(I)本附件二中提及第4條或第5條各節是指本附件II中的那些節，以及(Ii)本附件II中使用的定義術語應具有本協定第1.01節中賦予它們的含義。爲免生疑問，本附件二中提及的章節被特意保留，以保持一致性，因爲Liberty拉丁美洲及其子公司簽訂的契約中有同等條款，以便於參考。第四條第4.01節：第一節。[保留]第4.02節 [保留]第4.03節報告(A)公司或任何允許的關聯母公司將向行政代理提供的信息，以及在本第4.03(A)條第(1)和(2)款的每一種情況下，將在其、報告實體或最終母公司的網站上(或進行類似披露)發佈以下信息(

提供在美國證券交易委員會的網站或報告實體或最終母公司的網站上提交的任何報告，應被視爲提供給行政代理)：.

(1)在每個會計年度結束後150天內，編制報告實體截至最近兩個會計年度(或報告實體存在的較短期間)的經審計的合併或合併資產負債表，以及報告實體最近兩個會計年度(或報告實體存在的較短期間)的經審計的合併或合併收益表和現金流量表，每種情況下均按照公認會計准則編制，包括此類財務報表的適當腳註，以及獨立會計師關於財務報表的報告；

提供

該等財務報表不需要(I)在其列報期間的財務報表中包含GAAP規定以外的任何分部數據，(Ii)包括任何證物或(Iii)包括報告實體或任何被收購企業的任何關聯公司的單獨財務報表；

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中期管理報表提供

該等財務報表不需要(I)在其列報期間的財務報表中包含GAAP規定以外的任何分部數據，(Ii)包括任何證物或(Iii)包括報告實體或任何被收購企業的任何關聯公司的單獨財務報表；以及報告實體和受限子公司的財務狀況和經營業績與這些非受限子公司的財務狀況和經營業績分開。

(C)在報告實體選擇根據GAAP定義改變會計原則之後，第4.03(A)(1)節和第4.03(A)(2)節所要求的年度和季度信息應包括GAAP定義第(2)(A)條所要求的任何對賬列報。

提供就(I)申報實體與(Ii)本公司、任何覈准聯屬母公司及受限附屬公司之間的業務、資產、經營業績或財務狀況之間存在重大差異而言(爲免生疑問，不包括申報實體與本公司、任何覈准聯屬母公司與受限附屬公司之間的任何公司間結餘的影響)，該等年度及季度財務報表應包括該母公司或C&W母公司(視情況而定)的財務報表與本公司、任何覈准聯屬母公司及受限附屬公司的簡明合併或綜合財務報表的未經審核對賬。.

第4.04節

[保留]

第4.05節

[保留]

第4.06節

[保留]第4.07節 .

對受限制付款的限制

(A)保證本公司及任何獲准關聯母公司不會，亦不會直接或間接准許任何受限制附屬公司：

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(1)同意宣佈或支付任何股息或就其股本作出任何分派(包括與涉及本公司、任何獲准關聯母公司或任何受限制附屬公司的任何合併或合併有關的任何付款)，但以下情況除外：

(A)支付以本公司股本、獲准聯屬母公司或聯屬附屬公司(不合格股份除外)或附屬股東貸款形式支付的任何股息或分派；及

(B)支付應付給本公司、獲准關聯母公司或受限附屬公司的任何股息或分派(如該受限附屬公司不是本公司的全資附屬公司或准許關聯母公司，則按適用情況向其其他普通股持有人支付)；

(2)有權購買、贖回、註銷或以其他方式有價值地收購本公司的任何股本、覈准聯屬母公司或任何聯屬子公司或本公司的任何母公司、覈准聯屬母公司或由本公司、覈准聯屬母公司或受限制附屬公司以外的人士持有的任何聯屬附屬公司(以換取本公司的股本、覈准聯屬母公司或聯屬附屬公司(不合格股份除外)或附屬股東貸款除外)；

(3)同意在預定到期日、預定償還日期或預定償債基金付款之前，購買、回購、贖回、作廢或以其他方式收購或按價值償還任何附屬債券(但不包括(I)購買、回購、贖回、失敗或以其他方式收購或償還預期償還償債基金債務、本金分期付款或最終到期日的附屬債券，每種情況下均應在購買、回購、贖回、失敗或其他收購或償還之日起一年內到期，(Ii)交換本公司的股本，允許的關聯母公司或關聯子公司(不合格股票除外)或(Iii)第4.09(B)(2)節允許的債務)；或(四)不得對任何人進行任何限制性投資；.

(第4.07(A)(1)節至第4.07(A)(4)節所述的任何股息、分配、購買、贖回、回購、虧損、其他收購、報廢或受限投資，在本文中稱爲

受限支付“)，如在本公司當時，該獲准聯屬母公司或該受限制附屬公司作出該等限制性付款：.

(A)除非在受限投資的情況下，違約事件應已經發生並正在繼續(或將由此產生)；或

(C)在2015年4月1日之後宣佈或支付的此類限制性付款和所有其他未退還或撤銷的限制性付款(不包括第4.07(B)節允許的所有限制性付款)的總額將超過：.

(1)從2015年4月1日之前開始的第一個完整會計季度的第一個完整會計季度的第一天開始，到報告實體最近結束的完整會計季度結束爲止的期間內，將相當於合併EBITDA的100%的數額視爲單個會計期間，減去該期間綜合利息支出的1.4倍；

(Ii)於2015年4月1日後，本公司、任何覈准聯屬母公司或任何聯屬附屬公司因發行或出售其股本(不合格股份除外)或其他出資或本公司、任何覈准聯屬母公司或任何受限制附屬公司因發行或出售附屬股東貸款而收到的有價證券或其他財產或資產的總現金收益淨額及公平市價不超過100%((A)向本公司(覈准聯屬母公司)發行或出售該等股本或附屬股東貸款而收到的現金收益淨額除外，受限制附屬公司或員工持股計劃、購股權計劃或類似信託，只要出售給員工持股計劃或類似信託的資金來自本公司、獲准關聯母公司或任何受限制附屬公司的貸款或由其擔保，除非該等貸款已在厘定日期或之前以現金償還，(B)不包括供款、(C)本公司作爲出資或附屬股東貸款收到的其他財產或資產(如有)，其後用作特別股息的資金。(D)任何賠償金額或(E)根據第4.07(B)(26)條收到的任何財產)；(Iii)本公司、覈准聯屬母公司或任何受限制附屬公司自2015年4月1日後發行或出售(本公司、覈准聯屬母公司或任何受限附屬公司除外)已轉換或交換爲本公司股本、覈准聯營母公司或聯屬附屬公司(不包括不合格股份)或附屬股東貸款的任何債務而收到的有價證券或其他財產或資產的總現金收益合計淨額及公平市價超過100%；.

提供

爲本第4.07(A)(C)(Iii)節的目的，任何賠償金額的收益不應考慮在內；(Iv)扣除相當於本公司、任何覈准聯屬母公司或任何受限制附屬公司在2015年4月1日後因下列原因而減少的受限投資淨額：.

(A)任何該等受限制投資的回購、贖回或其他收購或退回、出售或以其他方式處置任何該等受限制投資的人士、任何該等受限制投資的核準聯屬母公司或受限制附屬公司以外的人士而變現的收益、償還貸款或墊款或向本公司、覈准聯屬母公司或任何受限制附屬公司進行其他資產轉移(包括以股息、分派、利息支付或資本回報的方式)；或

(B)允許將不受限制的附屬公司重新指定爲受限制的附屬公司(在每種情況下，按「投資」的定義進行估值)，就任何不受限制的附屬公司而言，不得超過本公司、獲准關聯母公司或任何受限制的附屬公司以前對該不受限制的附屬公司所作的投資額，

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在每一種情況下，第4.07(A)(C)(4)節規定的數額已計入限制性付款數額的計算中；

提供爲第4.07(A)(C)(I)節的目的，不會將任何金額計入綜合EBITDA中(由公司選擇)包括在第4.07(A)(C)(Iv)節下；(V)在不重複第4.07(A)(C)(Iv)節所列金額的情況下，本公司、任何許可關聯母公司或任何關聯子公司的債務在本公司、該許可關聯母公司或該關聯子公司的綜合資產負債表上因轉換或交換本公司、該許可關聯母公司或該關聯子公司在2015年4月1日之後發行的任何債務而減少的金額，該債務可轉換或交換爲本公司的股本(不合格股票除外)、該許可關聯母公司或該關聯子公司(視適用情況而定)由不包括本公司、該覈准關聯母公司或任何受限制附屬公司(視何者適用而定)的人士持有(減去本公司、該覈准關聯母公司或該關聯附屬公司在該等轉換或交換時所分配的任何現金或其他財產或資產的公平市價)；和

(Vi)本公司、覈准聯營母公司或任何受限制附屬公司因以下事宜而收取的現金收益淨額及有價證券或其他財產或資產的公平市價超過100%：(A)出售或其他處置(本公司、准許聯營母公司或受限附屬公司或由本公司、准許聯營母公司或本公司任何附屬公司或准許聯屬母公司爲其僱員利益而設立的員工持股計劃或信託除外)，獲准關聯母公司或任何受限附屬公司，除非此類貸款已在非受限附屬公司股本確定之日或之前以現金償還；及(B)由不受限制的附屬公司、覈准聯屬母公司或受限制附屬公司向本公司作出的任何股息或分派；提供.

爲第4.07(A)(C)(I)節的目的，不會將任何金額計入綜合EBITDA(由本公司選擇)包括在第4.07(A)(C)(Vi)節的範圍內。

就本第4.07節而言，除現金外的財產或資產的公平市場價值應爲董事會、公司高級管理人員或高級管理人員或獲准關聯母公司最終確定的公平市場價值。(B)根據第4.07(A)條規定，不會禁止：.

(1)不得購買、回購、贖回、失敗或以其他方式收購或退回本公司、覈准聯屬母公司或受限制附屬公司的股本、不合格股本、附屬股東貸款或附屬債務，或在出售或發行本公司的附屬股東貸款或股本後90天內從出售或發行所得中支付現金以代替發行零碎股份的交易所(包括根據行使轉換權或特權而進行的任何該等交換)，覈准聯屬母公司或聯屬附屬公司(向受限附屬公司或員工持股計劃或類似信託發行或出售的不合格股份或股本除外，前提是出售給員工持股計劃或類似信託的資金來自本公司、覈准聯屬母公司或任何受限制附屬公司或由本公司、覈准聯屬母公司或任何受限制附屬公司提供或擔保的貸款，除非該等貸款已在厘定日期或之前以現金償還)，或向本公司、准許聯屬母公司或附屬公司實質上同時出資；

提供

出售或發行股本或附屬股東貸款或此類出資的現金淨收益將不包括在第4.07(A)(C)(Ii)節中；

(2)在購買、回購、贖回、失敗或以其他方式收購或報廢本公司、獲准關聯母公司或受限附屬公司的附屬債務後90天內，通過交換或從出售或發行本公司、獲准關聯母公司或受限附屬公司的附屬債務所得款項中購買、回購、贖回、失敗或以其他方式收購或償還根據第4.09節允許或以其他方式不禁止發生的附屬債務，每種情況下均構成再融資債務；(3)在購買、回購、贖回、失敗或以其他方式收購或註銷本公司、覈准關聯母公司或受限附屬公司的不合格股票後90天內，以交換或從出售或發行本公司、准許關聯母公司或受限附屬公司(視屬何情況而定)的收益中獲得的任何購買、回購、贖回、失敗或其他收購或報廢，在每種情況下，根據第4.09節允許或不以其他方式禁止發生，且在每種情況下構成再融資債務；.

(4)在宣佈之日起60天內支付的股息，如果在該宣佈之日本應符合本規定，則不再支付股息；

(5)購買、回購、失敗、贖回或其他收購、註銷或報廢股本，或購買或收購本公司、本公司的核準聯屬母公司或任何受限附屬公司或任何母公司、本公司任何現有或前任僱員或管理層持有的核準聯屬母公司或附屬公司、本公司的核準聯屬母公司、聯屬附屬公司或任何附屬公司、准許聯屬母公司或聯屬附屬公司或其受讓人、產業或繼承人的認購權、認股權證、股權增值權或其他權利，在與僱員股票期權或股票購買協議或其他協議項下的回購條款相關的情況下，或在爲購買或收購該等股本的價值而購買、回購、贖回、失敗或其他收購、註銷或報廢的情況下，購買或收購該股本的期權、認股權證、股權增值權或其他權利是爲了對沖管理層激勵計劃或其他僱員獎金計劃，其中獎金或其他獎勵支付應以相關股本支付或以相關股本的價格爲基礎；

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提供

根據第4.07(B)(5)條規定的此類購買、回購、折舊、贖回或其他收購在任何日曆年的總額不超過1,000美元萬(前一個日曆年的任何未使用金額將結轉到下一個日曆年)；(6)根據第4.09節的條款宣佈和支付任何類別或系列的不合格股票或受限制子公司的任何優先股的持有人的股息，或以其他方式不禁止根據第4.09節發生的股息；.

(7)禁止購買、回購、贖回、失敗或其他被視爲在行使股票期權、認股權證或其他可轉換證券時發生的收購或註銷股本，如果該等股本代表其行使價格的一部分；

(8)購買、回購、贖回、失敗或以其他方式獲取或報廢任何附屬債務的價值：.

提供

在本第4.07(B)(8)(A)節規定的購買、回購、贖回、失敗或其他收購或報廢之前或同時，本公司已將該控制權變更通知行政代理，且所需貸款人沒有根據本協議第2.05(B)(Ix)條要求預付款和取消貸款；或(B)(I)由已取得債務(爲提供全部或任何部分資金以完成交易或一系列相關交易而產生的債務除外，據此該人士成爲受限制附屬公司或指定爲獲准聯屬母公司或附屬公司，或由本公司、獲准聯屬母公司或受限制附屬公司以其他方式收購)及(Ii)購買價不超過該等附屬債務本金額的100%加上應計及未付利息及該等已取得債務的條款所要求的任何溢價；.

(9)向任何母公司提供股息、貸款、墊款或分配，或公司、獲准關聯母公司或任何受限制子公司支付的其他款項，金額相當於：(A)提供任何父母支付父母費用所需的金額；(B)披露任何母公司支付公開發售開支所需的金額，或與該母公司的任何其他股權或債務發售有關的費用及開支，而該等開支可直接歸因於本公司、任何獲准聯屬母公司及受限制附屬公司的經營；(C)根據最終母公司、貸款方、任何其他人或受限制附屬公司之間或之間的任何分稅協議或任何安排，提供任何母公司繳納相關稅款所需的款額，或在沒有重複的情況下，提供所需數額；及

(11)拒絕本公司、獲准關聯母公司或關聯子公司的任何付款，或向任何母公司提供貸款、墊款、股息或分派，以向本公司、獲准關聯母公司或關聯子公司或任何母公司的股本持有人支付款項，以代替發行該等股本的零碎股份；

（12）與公司、任何許可關聯母公司或任何受限制子公司從最終母公司或其任何子公司（公司、任何許可關聯母公司或任何受限制子公司除外）收到的任何稅務損失有關的限制付款; (19)在任何受限附屬公司被指定爲非受限附屬公司後，由現金、股本或該非受限附屬公司的財產或其他資產組成的分配(包括以股息的方式)，在每種情況下均由本公司、獲准關聯母公司或任何受限附屬公司持有；

提供(A)此類分配或處置應包括同時轉移可歸因於被轉移的財產或其他資產的所有負債(或有或有)；(B)從任何非受限子公司(由任何非受限子公司發行的股本除外)收到的任何財產或其他資產可根據第4.07(B)(19)節以分配或處置的方式轉讓，前提是該等財產或其他資產連同所有相關負債在實質上與本公司、該獲准關聯母公司或該受限子公司收到上述分配或處置的收益同時進行的交易中轉讓；及(C)在任何相關協議生效後，該等分派或處置不會導致亦不可能對本公司、任何獲准聯屬母公司及受限制附屬公司造成任何重大責任、稅項或其他不利後果；然而，如果進一步，出售如此分配的非限制性子公司的任何現金、股本或財產或其他資產的收益不會增加第4.07(A)(C)(Iv)節允許的限制性付款金額；(20)所有[保留]；

(21)禁止任何事業部交易或內容交易；提供.

根據第4.09(A)(2)條，在給予形式上的效力後，本公司、任何獲准關聯母公司和受限附屬公司可能產生至少1.00美元的額外債務；

(22)支付爲完成交易或與交易相關而合理需要的任何限制性付款；

(23)根據與合格應收款交易相關的應收款回購義務，停止應收款費用的分配或支付以及應收款的購買；

(24)房間[保留]；

(25)房間[保留]；(26)限制母公司或任何聯營公司(本公司、獲准聯屬母公司或受限制附屬公司除外)爲投資或其他收購提供資金的限制性付款，否則，如果由本公司、獲准聯屬母公司或受限制附屬公司進行，則根據本4.07節的規定將被允許進行；

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提供T(I)此類限制性付款應在該項投資結束後120天內支付或其他收購，(Ii)該母公司或關聯公司應在支付該限制性付款之日之前或之後，促使(1)所有收購的財產(無論是資產或股本)貢獻給本公司、允許關聯母公司或受限制子公司，或(2)合併、合併、合併或出售組成或收購本公司、允許關聯母公司或受限制子公司的人(以第5.01節未禁止的方式)，以完成該投資或其他收購，(Iii)該母公司或附屬公司未收到任何與該交易有關的代價或其他付款，除非本公司、一家獲准的關聯母公司或一家受限制的附屬公司能夠按照本第4.07節的規定給予該等對價或支付該等款項，並且(Iv)與該交易有關而收到的任何財產不應構成不包括在根據本第4.07(B)(26)條支付的該等受限付款的數額之外的出資；(27)拒絕本公司、任何獲准關聯母公司或任何受限制子公司向母公司或不是受限制子公司的母公司或任何其他子公司支付任何限制性付款；

提供

該附屬公司在收到任何該等限制性付款後三天內，將任何該等限制性付款所得款項預支予本公司、任何獲准關聯母公司或任何受限制附屬公司(視何者適用而定)，且該等限制性付款在任何時間均不超過總資產的10.0%；及

(28)向由本公司、覈准聯屬母公司或任何受限制附屬公司分別持有的由現金、股本或受限制附屬公司的財產或其他資產組成的母公司作出現金分派(包括以股息方式)，目的僅爲將該等現金、股本或財產或其他資產轉移至本公司、覈准聯屬母公司或任何受限制附屬公司。

(C)爲確定是否符合本第4.07節的規定，如果一項限制支付符合上文第4.07(B)(1)節至第4.07(B)(28)節所述的多個類別的標準，或根據第4.07(A)節或「允許投資」的定義允許，本公司和任何獲准關聯母公司將有權在付款之日對此類受限支付(或其部分)進行分類，或在以後以符合本第4.07節或「允許投資」定義的任何方式對此類受限支付(或其部分)進行重新分類。

(D)所有受限制付款(現金除外)的金額應爲本公司、該覈准聯屬母公司或該受限制附屬公司(視屬何情況而定)根據該等受限制付款建議支付、轉讓或發行的資產(S)或證券於該等受限制付款當日的公平市值。任何現金限制性支付的公允市場價值應爲其面值。

第4.08節對受限制子公司分配的限制(A)本公司及任何獲准聯屬母公司將不會、亦不會允許任何受限制附屬公司(貸款方除外)對任何受限制附屬公司(貸款方除外)的能力造成任何雙方同意的產權負擔或雙方同意的限制，或使之存在或生效：(1)將支付其股本的股息或任何其他分配，或支付欠本公司、任何許可關聯母公司或任何受限子公司的任何債務或其他義務；(2)不得向本公司、任何獲准聯屬母公司或任何受限制附屬公司提供任何貸款或墊款；或

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(三)不得將其任何財產或資產轉讓給本公司、任何獲准關聯母公司或任何受限子公司；提供(X)任何優先股在普通股支付股息或清算分配之前接受股息或清算分配的優先權，及(Y)向本公司提供的貸款或墊款的從屬地位(包括但不限於任何停頓要求的適用)，任何

本公司、任何獲准聯屬母公司或任何受限制附屬公司因本公司產生的其他債務而招致的其他債務，不得被視爲構成該等產權負擔或限制。(B)上述規定不會禁止：.

(1)根據在修訂生效日期生效、訂立或實質上商定的協議而產生的任何產權負擔或限制，包括但不限於本協議、現有的高級擔保票據契約、債權人間協議和任何相關文件，在每一種情況下，這些文件在修訂生效日期生效或實質上達成一致；

(2)任何人依據任何協議或文書就某人的任何股本或債務而產生的任何產權負擔或限制，而該等產權負擔或限制是在該人被本公司、覈准聯屬母公司或任何受限制附屬公司收購、合併或合併或併入本公司、覈准聯屬母公司或任何受限制附屬公司、或被指定爲覈准聯屬母公司、附屬公司或受限制附屬公司(或因此而成爲受限制附屬公司)的日期或之前發生的，或該等協議或文書是由本公司、准許聯屬母公司或任何受限制附屬公司就收購資產(股本或債務除外)而承擔的，或提供全部或任何部分用於完成交易或一系列相關交易的資金，根據該交易或一系列相關交易，該人士成爲受限制附屬公司或被本公司、獲許可聯屬母公司或受限制附屬公司收購，或與本公司、獲許可聯屬母公司或任何受限制附屬公司合併或合併，或預期進行該等交易)，並於該日尚未完成；提供

任何該等產權負擔或限制不得延伸至本公司、獲准關聯母公司或任何受限制附屬公司的任何資產或財產，但所收購的資產和財產除外；

只要，進一步，

就本第4.08(B)(2)節而言，如果另一人是繼任公司，當該人成爲繼任公司時，該人的任何子公司或該人或任何此類子公司的協議或文書應被視爲由公司、獲准關聯母公司或任何受限子公司收購或承擔；

(3)對第4.08(B)(1)節或第4.08(B)(2)節或第4.08(B)(2)節或本第4.08(B)(3)節所指或任何修訂、補充中所包含的債務進行退還、替換或再融資，或以其他方式延長、續期、退款、再融資或替換，對第4.08(B)(1)節或第4.08(B)(2)節或本第4.08(B)(3)節所指協議的重述或其他修改；

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(17)任何本地信貸安排下任何受限制附屬公司的總負債(包括與此有關的任何再融資負債)，以不超過(A)$20000萬及(B)總資產的3.0%中較大者爲準；
2015年4月1日之後(以及在每一種情況下，除通過發行不合格股票、優先股或排除出資外)；

提供

(A)就第4.07(A)(C)(Ii)節、第4.07(A)(C)(Iii)節和第4.07(B)(1)節規定的限制性付款而言，不應包括如此收到或貢獻的任何此類現金收益淨額，前提是本公司、獲准關聯母公司或任何受限制子公司因依賴該等現金收益淨額而產生債務；(B)根據本公司第4.09(B)(18)節產生債務的目的，應不包括如此收到或貢獻的任何現金收益淨額；根據第4.07(A)(C)(Ii)節、第4.07(A)(C)(Iii)節和第4.07(B)(1)節的規定，允許關聯母公司或任何受限制子公司根據第4.07(A)(C)(Ii)節和第4.07(B)(1)節進行限制性付款；只要，進一步，爲本第4.09(B)(18)節的目的，不應考慮隨後用於爲特別股息提供資金的任何補償金額的收益和如此收到的任何現金收益淨額；

英國稅務和海關總署(包括一家以英國爲受益人的受限子公司的擔保)與英國有關的英國稅務及海關總署本公司、獲准關聯母公司或任何受限子公司的納稅義務(包括但不限於任何增值稅義務)；(20)解決白天借款安排下的債務和與關聯公司的債務，在每種情況下，都是實施或完成交易所合理需要的；.

(22)特別目的工具票據發行人就發行票據或其他類似債務證券而向本公司、任何覈准關聯母公司或任何受限附屬公司提供的借款安排下產生的債務，而這些票據或類似的債務證券主要由本公司、任何覈准關聯母公司或任何受限附屬公司與任何供應商融資平台相關的付款義務支持；”).

(23)使用[保留]；(24)根據任何允許的融資行動償還債務，以及與此相關的任何再融資債務；以及(25)除上文第4.09(B)(1)至第4.09(B)(24)節所述項目外，本公司、覈准聯營母公司或任何受限制附屬公司的未償還本金總額，連同根據第4.09(B)(25)節產生而尚未償還的所有其他債務的本金總額，在任何時候均不會超過(A)$25000萬及(B)未償還資產總額的較大者。（c） [保留]。(D)爲確定根據本第4.09節發生的任何特定債務的遵守情況和未償還本金金額而提供的報告：(1)如果債務滿足本協議第4.09(A)節和第4.09(B)節中描述的一種以上債務類型的標準，或本協議第1.01節中「附加貸款可用金額」的定義中所述的一種以上債務類型的標準，公司可全權酌情決定：將在債務產生之日對該債務項目進行分類，並且只需要在該條款中包括該債務的金額和類型，並且將被允許在該發生之日將該債務項目劃分和分類爲本協議第4.09(A)節和第4.09(B)節中所述的一種以上債務類型，或在適用的情況下，在本協議第1.01節中的「附加貸款可用金額」的定義中，並可不時地對該債務的全部或部分進行重新分類。以符合本協議第4.09節和本協議第1.01節中「附加設施可用金額」定義的任何方式；提供截至修訂生效日期的初始循環信貸承諾應被視爲已根據第4.09(B)(1)節發生，不能重新分類；(2)在確定特定數額的債務時，不應包括對與債務有關的信用證的其他擔保或與之有關的義務；

(14)發行股本(不合格股除外)或附屬股東貸款(包括支付現金利息)--如果本協議沒有禁止的話；

提供
在形式上支付任何該等現金利息後，綜合淨槓桿率不會超過本公司、覈准聯屬母公司或受限制附屬公司對本公司任何母公司、覈准聯屬母公司或聯屬附屬公司或任何覈准持有人的淨槓桿率；

(15)與客戶、委託人、供應商、承包商、出租人或與關聯公司談判的商品或服務的賣方達成協議安排，在每一種情況下，這些安排在其他方面都符合本協議的條款；提供.

適用於本公司、任何獲准聯屬母公司及受限制附屬公司的任何該等交易或協議的條款及條件，整體而言對本公司、任何獲准聯屬母公司及受限制附屬公司均屬公平，且其條款對本公司、任何獲准聯屬母公司及受限制附屬公司並不比就不會構成聯屬交易的類似交易或協議合理獲得的條款優惠多少；”):

出於稅收目的(包括財政統一)或根據適用法律作出的任何稅收優惠集團貢獻，獲准的關聯母公司或任何受限子公司是集團的一部分；(18)處理在正常業務過程中與提供集團內服務有關的其他交易；(19)完成2015年哥倫布創業及相關交易；

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(20)審查該等交易及爲達成該等交易而合理需要的任何交易；(21)禁止本公司、覈准聯屬母公司或任何受限附屬公司與本公司的任何聯營公司、覈准聯營母公司或屬非限制附屬公司的受限附屬公司或類似實體(包括覈准聯營企業)之間或之間的任何交易，僅因本公司、准許聯營母公司或受限附屬公司擁有該等不受限制的附屬公司、合營企業或類似實體的股權或以其他方式控制該等不受限制的附屬公司、合營企業或類似實體而構成聯屬交易；(22)按公平條款或基於本公司高級管理層、獲准關聯母公司或受限制附屬公司合理地相信公平分攤成本的原則，與本公司、獲准關聯母公司或任何受限附屬公司在正常業務過程中與本公司、獲准關聯母公司或任何受限附屬公司之間簽訂的商業合同；

(c) (23)批准本公司、獲准聯屬母公司或任何受限制附屬公司與母公司及/或聯營公司之間的任何交易，以達成或便利將任何財產或資產從本公司、任何獲准聯屬母公司及/或任何受限制附屬公司轉移至另一受限制附屬公司、任何獲准聯屬母公司及/或本公司(視何者適用而定)；及.

(24)出售與過剩產能網絡服務有關的其他交易；惟更廣泛集團任何成員公司就該等過剩產能網絡服務應付的價格不得低於本公司、獲准聯屬母公司或任何受限制附屬公司因提供該等過剩產能網絡服務而產生的成本。

第4.12節

留置權的限制(A)本公司及任何覈准聯屬母公司將不會、亦不會准許任何受限制附屬公司直接或間接設立、產生或容受任何留置權(不構成抵押品的任何財產或資產、准許留置權(准許抵押品留置權除外)及(2)構成抵押品的任何財產或資產(包括受限制附屬公司的股本)的任何留置權(該等留置權、准許抵押品留置權除外)，不論該等留置權是在修訂生效日期擁有或在該日期之後取得的)，而留置權是爲任何債務提供擔保的(該等留置權、准許抵押權除外)初始留置權

(d) (B)在下列情況下，將自動、無條件地解除和解除由此產生的以融資各方爲受益人的任何此類留置權：

(一)監督與之相關的初始留置權的解除和解除；

(三)確保借款人在貸款文件項下應支付的全部款項的全額和最終付款；

(4)對其資產或股本受該留置權擔保的任何追加擔保人，在依照本協議解除該追加擔保人的擔保後予以擔保；

(5)因任何有償付能力的清算而產生的損失，以及與此有關的損失；

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(六)確認抵押品是否歸依照本協議解除擔保的擔保人所有；

(7)同意在本協議允許的範圍內解除和/或重新獲得任何抵押品的任何留置權。根據第4.12節和「允許留置權」或「允許抵押品留置權」的定義(視具體情況而定)，隨時對此類留置權(或其任何部分)進行分類或隨後重新分類。.

(D)就任何擔保債務的留置權而言，如該留置權在產生該債務時獲准擔保該債務，則該留置權亦應獲准擔保任何

增加了這種債務的數額。《大賽》

增加量保費和與此相關的其他成本和支出，以及僅因貨幣匯率波動或保證負債的財產價值增加而導致的未償債務金額的增加。第4.13節

[保留]第4.14節和第二節。[保留]

(i) 第4.15節 .

對受限制附屬公司發出債務擔保的限制

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(A)本公司及任何獲准聯屬母公司將不會准許任何受限制附屬公司(貸款方除外)在修訂生效日期後直接或間接擔保任何貸款方的任何債務，或以其他方式承擔超過$5,000萬的債務，除非該受限制附屬公司在發生該等其他擔保或債務當日(或其後在合理可行的情況下儘快)成爲或成爲額外擔保人，並如適用，籤立並向行政代理交付第10.21(C)條所規定的文件，根據該文件，該受限制附屬公司將提供擔保(擔保應優先於或

平價通行證

該受限制附屬公司對該等其他債務的擔保)；提供那,

(l) (1)即使該受限制附屬公司並非重要附屬公司，該受限制附屬公司只有在該債務是本公司、獲准關聯母公司或借款人的債務或擔保人的公共債務的情況下，才有義務成爲額外的擔保人；(2)不知道債務是否

平價通行證在對債務的償還權方面，該受限制附屬公司就該債務提供的任何此類擔保應

平價通行證對其擔保的付款權利；.

(3)如果債務在償還權上從屬於債務，則該受限制子公司關於該債務的任何此類擔保在償付權上應基本上從屬於其擔保，其程度與該債務從屬於該債務的償還權相同；

(5)在適用法律不允許受限制附屬公司成爲額外擔保人的情況下，該受限制附屬公司無須成爲額外擔保人(但在此情況下，本公司、任何獲准聯屬母公司及受限制附屬公司將盡其合理最大努力克服阻止提供擔保的相關法律禁止，並將促使有關受限制附屬公司進行所有合法可用以消除相關法律禁止的粉飾或類似程序，並應在其後成爲允許的時間(及範圍內)提供該等擔保)。

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任何受限制附屬公司、任何獲准關聯母公司或任何受限制附屬公司；或(2)任何受限制附屬公司的債務擔保，以對任何受限制附屬公司在緊接該再融資之前因遵守本第4.15節的規定而產生的擔保所產生的債務進行再融資。

(D)儘管有前述規定，根據本第4.15節設立的任何額外擔保人的任何擔保應在其條款中規定，應根據本協議的規定自動無條件解除和解除擔保。

4.16節

[保留]第4.17節 .

已保留第4.23節：第一節。

債權人間協議(A)每個行政代理和貸款人應在修訂生效日期或之前或該貸款人成爲本協議當事方的其他日期(以轉讓、轉讓、加入、合併或其他方式)成爲現有債權人間協議的一方。(B)應本公司或覈准聯營母公司的要求，就貸款方產生根據「准許抵押品留置權」的定義獲准分享抵押品的任何債務，貸款方、貸款人、行政代理及證券受託人應與該等債務的持有人(或其妥爲授權的代表)訂立債權人間協議，包括重述、修訂或以其他方式修改現有的債權人間協議(AN“其他債權人間協議

爲免生疑問，在符合前述規定和第4.23(C)節的前提下，任何此類額外的債權人間協議可規定平價通行證或對任何此類債務的次級留置權(根據允許抵押品留置權的定義，允許此類債務分享抵押品(具有指定的優先順序))。貸款人明確授權行政代理簽署任何此類附加債權人間協議，並確認並同意由行政代理簽署的任何此類附加債權人間協議應對貸款人具有約束力。(C)在本公司或獲准關聯母公司的指示下，未經貸款人同意，行政代理將在本公司或獲准關聯母公司的指示下，不時對適用的債權人間協議或任何其他抵押品文件進行一項或多項修訂，以：(1)糾正其中的任何含糊、遺漏、明顯錯誤、缺陷或不一致之處；(2)增加其他各方(例如新發行債務的代表)；(3)進一步確保債務及

平價通行證或者(十)在不影響融資方在任何實質性方面的權利的情況下作出其他任何變更；提供

除非本協議或適用的債權人間協議在緊接此類變更之前另有允許，否則不得允許此類變更影響融資機構的評級或任何擔保的解除，從而對融資方在任何實質性方面的權利造成不利影響。未經所需貸款人同意，本公司或獲准關聯母公司不得以其他方式指示行政代理對適用的債權人間協議或任何其他抵押品文件進行任何修訂，除非根據本協議第10.01條另有允許。本第4.23(C)節應取代第10.01節中與之相反的任何規定。(D)對於任何適用的債權人間協議，行政代理應代表貸款人同意支付、償還、購買、回購、失效、收購、報廢或贖回從屬於該協議的任何債務；

提供此類交易將符合第4.07節的規定。

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第4.24節和第二節。

[保留]第4.25節和第二節。有限條件交易

(A)就與有限條件交易有關而採取的任何行動而言，爲確定是否遵守本協議的任何規定，該等規定要求任何有關行動(視何者適用而定)並無發生、仍在繼續或將會導致任何該等行動(視何者適用而定)，只要在訂立該等有限條件交易的最終協議(或其他相關最終文件)當日並無任何違約或違約事件(視何者適用而定)，則根據本公司或獲准關聯母公司的選擇，該等條件應被視爲已獲滿足。爲免生疑問，如本公司或獲准關聯母公司已根據第4.25(A)節第一句行使其選擇權，而任何違約或違約事件在該有限條件交易的最終協議訂立之日之後及該等有限條件交易完成前發生，則任何該等違約或違約事件應被視爲未曾發生或仍在繼續，以確定是否允許根據本條款採取任何與該有限條件交易有關的行動。(B)對爲以下目的而採取的與有限條件交易有關的任何行動進行調查：.

在每一種情況下，在公司或許可關聯母公司(公司或許可關聯母公司選擇就任何有限條件行使該選擇權)的選擇下交易，一個“LCT選舉「)，則應視爲該有限條件交易的最終協議(或其他相關的最終文件)簽訂之日(」LCT測試日期提供

公司或獲准關聯母公司有權在隨後完全酌情選擇該有限條件交易的完成日期而不是LCT測試日期作爲適用的確定日期，並且如果在給出形式後

如本公司、覈准聯屬母公司或任何受限制附屬公司於相關長期交易測試日期採取行動，以符合「預計EBITDA」、「綜合高級擔保淨槓桿率」及「綜合高級擔保淨槓桿率」的定義所載的備考調整條文，本公司、覈准聯屬母公司或任何受限制附屬公司可於相關長期交易測試日期採取該等行動，以符合該比率、測試或籃子的規定，而該等比率、測試或籃子應被視爲已符合有關比率、測試或籃子的規定。

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(C)評估本公司或獲准關聯母公司是否已進行長期現金轉移選擇，並且由於任何該等比率、測試或籃子的波動，包括由於公司預計EBITDA或總資產的波動，截至長期轉移測試日期已確定或測試合規性的任何比率、測試或籃子被超過，於相關交易或行動完成時或之前，任何獲准聯屬母公司及受限制附屬公司或受有限條件交易規限的人士或資產(猶如該定義中對「公司」或「獲准聯屬母公司」的每一次提及均指該等人士或資產)，將不會被視爲已因該等波動而被視爲已超過該等籃子或比率。如果公司或獲准關聯母公司已就任何有限條件交易作出長期交易選擇，則就本協議下任何比率、測試或籃子可用性的任何後續計算(包括產生債務或留置權，或進行資產處置、收購、合併、轉讓、租賃或以其他方式轉讓公司全部或基本上所有資產)而言，在相關LCT測試日期或之後，且在該有限條件交易完成或該有限條件交易的最終協議在該有限條件交易未完成的情況下終止或到期之前)，任何該等比率、測試或籃子應按備考計算

假設該等有限條件交易及與此相關的其他交易(包括任何債務的產生及所得款項的使用)已完成。第五條第5.01節兼併與整合

(D)如果繼任公司(如果不是該借款方)將繼承並被取代相關貸款方，並可以行使該借款方作爲一方的貸款文件下的一切權利和權力，則該貸款方的前身將被免除其在貸款文件下的義務，但在租賃其全部或基本上全部資產的情況下，該貸款方的前身將不會被免除支付貸款本金和利息的義務。
(E)本第5.01節的規定不應限制(也不適用於)：(1)任何非貸款方的受限制子公司與貸款方或非貸款方的任何受限制子公司合併、合併或清算其全部或基本上所有財產和資產；(2)任何擔保人不得合併或清算其全部或部分財產和資產給另一借款方；(3)借款人合併或合併爲任何貸款方；

提供就本第5.01(E)(3)節而言，如果借款人不是繼任公司，則相關擔保人將根據借款人作爲當事人的貸款文件承擔借款人的義務，第5.01(A)(1)節和第5.01(A)(4)節應適用於此類交易；(4)作爲交易的一部分而實施的任何合併或合併；(5)任何有償付能力的清算；(6)貸款方合併、合併或與爲改變該實體的法定住所或形式或在另一司法管轄區重新註冊該實體而成立或組織的附屬公司合併或合併；.

提供

就本第5.01(E)(6)節、(A)第5.01(A)(1)節、第5.01(A)(2)節和第5.01(A)(4)或(B)節而言，第5.01(B)節應適用於任何此類交易。

附表I擔保人.

C&W高級擔保母公司有限公司(開曼群島)

紫貂控股有限公司(英格蘭)CWIGroup Limited(英格蘭).

哥倫布國際公司(巴巴多斯)

128

珊瑚-美國聯合借款人有限責任公司(特拉華州)

賽博國際金融有限公司(開曼群島)西印度群島有線和無線(英國)有限公司附表II

待執行和/或重新確認的文件清單

1.重新確認2015年4月2日巴巴多斯法律管轄的股票抵押契約，該契約由Sable Holding Limited作爲起訴人，豐業銀行(作爲法國巴黎銀行的繼任者)作爲證券受託人，以及Columbus International Inc.就Columbus International Inc.的股票做出。

2.再次確認一份日期爲2020年1月10日的巴巴多斯法律管轄的股份抵押契約，該契約由Sable Holding Limited作爲起訴人，豐業銀行作爲證券受託人和Columbus International Inc.就Columbus International Inc.的股份作出。

3.重新確認2016年7月13日、2017年7月31日、2019年6月25日、2020年1月10日和2020年1月24日以及2021年10月28日的某些巴巴多斯法律管轄的確認契約，每一份都是由哥倫布國際公司(前身爲哥倫布電纜(巴巴多斯)有限公司)、黑貂控股有限公司和豐業銀行作爲證券受託人訂立的。

附表III貸款人納稅狀態.

A部分-英國

原始收件箱名稱納稅狀況.

129

英國條約護照計劃參考號和納稅居住管轄區（如果適用）

美國銀行，不適用（由其倫敦分公司代理）英國銀行收件箱.

N/A

130

巴克萊銀行

英國銀行收件箱

N/ABNP Paribas Fortis SA/NV.

英國條約收件箱

18/B/359080/DTTP

（比利時）

花旗銀行NA London（由其倫敦分行代理）英國銀行收件箱.

N/A

瑞士信貸股份公司紐約分行

131

英國條約收件箱

無DTTP號碼（瑞士）

第一加勒比國際銀行（巴哈馬）有限公司

不是英國資格認證者

N/A高盛銀行美國英國條約收件箱

13/G/351779/DTTP（美國）.

ING資本有限責任公司

132

英國條約收件箱

13/I/273576/DTTP（美國）摩根大通銀行，不適用，倫敦分行（由其倫敦分行行事）

英國銀行收件箱

N/A

加拿大皇家銀行（由其倫敦分行代理）

英國銀行收件箱N/A.

法國興業銀行倫敦分行

133

英國銀行收件箱

N/A豐業銀行.

英國條約收件箱

3/T/366714/DTTP(加拿大).

b部分-愛爾蘭

貸款人名稱
納稅狀況

指定收件箱的法定名稱

指定以下內容之一：1)不是愛爾蘭資格認證者;或 2)愛爾蘭合格認證者（除了僅僅因爲是愛爾蘭條約認證者）;或

3)愛爾蘭條約收件箱

附表1.01A

134

更新信貸承諾

2021年延長b類循環信貸承諾

2021年擴大b類循環信貸貸款機構

2021年延長b類循環信貸承諾

北卡羅來納州美國銀行

德意志銀行紐約分行

ING資本有限責任公司

法國興業銀行倫敦分行

共計：

2024年擴展的b類循環信貸承諾

2024年擴大b類循環信貸貸款機構

2024年延長b類循環信貸承諾

桑坦德銀行，S.A.，紐約分行

BNP Paribas Fortis SA/NV

CIBC加勒比銀行（巴哈馬）有限公司

花旗北美公司

高盛銀行美國摩根大通銀行，N.A.加拿大皇家銀行

豐業銀行

135

共計：

U-1

附表6.16

收盤後動作

1. 在截止日期（定義見第b-5條款）後60天內，相關貸款方將簽署本協議附件二中列出的所有文件，並交付給行政代理人和貸款人。

日程表10.02行政代理辦公室，某些通知地址管理代理：行政代理辦公室代理名稱

新斯科舍銀行，倫敦

地址：主教門201號，6樓倫敦，EC 200萬 3NS注意：薩維·蘭帕特

136

電子郵件：

[另行提供]

電話：[另行提供]傳真：[另行提供]信用證簽發人：豐業銀行地址：主教門201號，6樓

倫敦，EC 200萬 3NS

收件人：薩維·蘭帕特

[另行提供]

137

電話： [另行提供].

傳真： [另行提供]

鞦韆線貸方：豐業銀行

地址：主教門201號，6樓倫敦，EC 200萬 3NS收件人：薩維·蘭帕特

[另行提供]

電話：

(iii) [另行提供]傳真： [另行提供]公司：C & W高級擔保母公司有限公司地址：格里芬之家

哈默史密斯路161號倫敦W 6 8 BS收件人：法律部/財政部

電子郵件： [另行提供][另行提供]將副本複製到：Rods&Gray International LLP

138

路蓋特山60號倫敦EC400萬7 AW聯合王國

(d) [另行提供]電話：

[另行提供] //傳真： .

[另行提供]

時間表10.21其他締約方文件1.其他公司文件：每一額外借款人或額外擔保人的經核證的組織文件，以及行政代理合理要求的每一額外借款人或額外擔保人的一名負責官員的決議或其他行動及在職證書的證明，以證明每名該等負責官員在本協議及該額外借款人或額外擔保人將成爲其中一方的其他貸款文件中擔任責任官員的身份、權限和能力。2.授權公司權力機構：在額外擔保人的組織文件或適用法律要求的範圍內，徵得該額外擔保人的股權持有人(S)、董事會或其他適當的公司管理機構同意簽署和交付該額外擔保人作爲當事人的貸款文件，並由該額外擔保人履行。, 3.提供法律意見：如果行政代理機構提出要求，提供關於適用貸款文件的組織、權限、執行、交付和可執行性的法律意見。<img src=「https://www.sec.gov/akam/13/pixel_7edab0fd?a=dD0zNjk0MDAyODhlMDk0YzQxOTY4MjJiZDNkODNlNWQwODY3ODRmZWFjJmpzPW9mZg==」Style=「可見性：隱藏；位置：絕對；左側：-999px；頂部：-999px；」/>

139

proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders.

Section 10.04. Attorney Costs and Expenses.

The Arrangers shall bear their own costs and expenses incurred in connection with the preparation, negotiation, syndication and execution of this Agreement and the other Loan Documents, and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions contemplated thereby are consummated). From and after the 2020 Amendment Effective Date, the Company shall pay or reimburse the Administrative Agent and/or the Security Trustee for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law, and including all respective Attorney Costs, which shall be limited to Attorney Costs of one counsel to the Administrative Agent and the Lenders taken as a whole and one local counsel as reasonably necessary in any relevant jurisdiction material to the interests of the Lenders taken as a whole and solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction to the affected Indemnitees similarly situated). The agreements in this Section 10.04 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid within 30 days after written demand therefor (together with documentation and details supporting such reimbursement request). If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf of such Loan Party by the Administrative Agent in its discretion. For the avoidance of doubt, this Section 10.04 shall not apply to Taxes, except any Taxes that represent costs and expenses arising from any non-Tax claim.

Section 10.05. Indemnification by the Borrower.

Each Borrower shall indemnify and hold harmless the Administrative Agent, the Security Trustee, each Agent-Related Person, each Lender, each Arranger, each Bookrunner and each of their respective Affiliates, and each of their respective officers, directors, employees, partners, agents, advisors and other representatives of the foregoing (collectively the “Indemnitees”) from and against any and all liabilities, losses, damages, claims, or out-of-pocket expenses (including Attorney Costs but limited in the case of legal fees and expenses to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, one local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction to the affected Indemnitees similarly situated) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (b) any Commitment, Loan, Letter of Credit or Alternative Letter of Credit or the use or proposed use of the proceeds therefrom including any refusal by an L/C Issuer or Alternative L/C Issuer, as applicable, to honor a demand for payment under a Letter of Credit or Alternative Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit or Alternative Letter of Credit, (c) any actual or alleged Environmental Liability of the Loan Parties or any Subsidiary thereof, or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) (a “Proceeding”) and regardless of whether any Indemnitee is a party thereto or whether or not such Proceeding is brought by any Borrower or any other Person and, in each case, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, losses, damages, claims or out-of-pocket expenses resulted from (i) the fraud, gross negligence, bad faith or willful misconduct of such Indemnitee or of any of its Related Indemnified Persons, as determined by a final non-appealable judgment of a court of competent jurisdiction, (ii) a material breach of any obligations under any Loan Document by such Indemnitee or of any of its Related Indemnified Persons, as determined by a final non-appealable judgment of a court of competent jurisdiction or (iii) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent or arranger or any similar role under any Facility and other than any claims arising out of any act or omission of any Borrower or any of its Affiliates (as determined in a final and non-appealable judgment of a court of

140

competent jurisdiction). No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (except for direct (as opposed to indirect, special, punitive or consequential) damages resulting from the gross negligence, bad faith or willful misconduct, as determined by a court of competent jurisdiction in a final and non-appealable judgment, of any such Indemnitee), nor shall any Indemnitee, Related Indemnified Person, Loan Party or any Subsidiary thereof have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the 2020 Amendment Effective Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party, or which are included in a third-party claim, and for any out-of-pocket expenses related thereto). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, any Subsidiary thereof, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents are consummated. All amounts due under this Section 10.05 shall be paid within ten days after written demand therefor (together with backup documentation supporting such reimbursement request); provided that such Indemnitee shall promptly refund such amount to the extent that there is a final judicial or arbitral determination that such Indemnitee was not entitled to indemnification rights with respect to such payment pursuant to the express terms of this Section 10.05. The agreements in this Section 10.05 shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. For the avoidance of doubt, this Section 10.05 shall not apply to Taxes, except any Taxes that represent liabilities, obligations, losses, damages, penalties, claims, demands, actions, prepayments, suits, costs, expenses and disbursements arising from any non-Tax claims.

To the extent that any Borrower for any reason fails to indefeasibly pay any amount required under this Section 10.05 or Section 10.04 to be paid by it to the Administrative Agent (or any sub-agent thereof), an L/C Issuer, an Alternative L/C Issuer or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such L/C Issuer, such Alternative L/C Issuer or such Related Party, as the case may be, such Lender’s Pro Rata Share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), an L/C Issuer or an Alternative L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), L/C Issuer or Alternative L/C Issuer in connection with such capacity. The obligations of the Lenders under this paragraph are subject to the provisions of Section 2.12(e).

Section 10.06. Payments Set Aside.

To the extent that any payment by or on behalf of any Borrower is made to the Administrative Agent, any L/C Issuer, any Alternative L/C Issuer or any Lender, or the Administrative Agent, any L/C Issuer, any Alternative L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, such L/C Issuer, such Alternative L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender, each L/C Issuer and each Alternative L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect (or such other applicable daily interest rate as reasonably selected by the Administrative Agent). The obligations of the Lenders, L/C Issuers and Alternative L/C Issuers under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.

Section 10.07. Successors and Assigns.

141

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (except as permitted by Section 5.01 of Annex II) and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Assignee pursuant to an assignment made in accordance with the provisions of Section 10.07(b) (such an assignee, an “Eligible Assignee”) and (A) in the case of any Assignee that, immediately prior to or upon giving effect to such assignment, is an Affiliated Lender, solely Section 10.07(k) or (B) in the case of any Assignee that is a Loan Party or any of its Subsidiaries, solely Section 2.05(a)(v) or Section 10.07(l), (ii) by way of participation in accordance with the provisions of Section 10.07(e), (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.07(g) or Section 10.07(i) or (iv) to an SPC in accordance with the provisions of Section 10.07(h) (each, a “New Lender”); provided that notwithstanding the foregoing, no Lender may assign or transfer by participation any of its rights or obligations hereunder (1) to any Person that is then a Defaulting Lender, (2) to a natural Person or, subject to Section 10.07(b), a Disqualified Institution or (3) where such rights and obligations relate to a Loan to a UK Borrower, to any Person that is not a UK Qualifying Lender. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in Section 10.07(e), any sub-agents of the Administrative Agent or the Security Trustee, and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. The Administrative Agent shall promptly give notice to the Company of any request by a Lender to assign any of its rights or obligations hereunder to any Person that is on the Disqualified Institutions List or, to the extent it has knowledge, any Person that is an Affiliate of a Person on the Disqualified Institutions List; provided that the Administrative Agent shall have no responsibility or liability with respect to the Disqualified Institutions List or any assignments to any Disqualified Institution.

(b) (i) Subject to the limitations set forth in Section 10.07(a) and the conditions set forth in Section 10.07(b)(ii), any Lender may assign to one or more assignees (“Assignees”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this Section 10.07(b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld, conditioned or delayed, except (x) in connection with a proposed assignment to any Disqualified Institution or (y) with respect to the consent of the Company for an assignment of a Revolving Credit Commitment or Revolving Credit Loan) of:

(A) the Company; provided that no consent of the Company shall be required (1) for an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, (2) for an assignment of, or related to, Revolving Credit Commitments or Revolving Credit Exposure if such assignment is to an entity which is a lender under any revolving credit facility for any member of the Restricted Group or the Wider Group, (3) other than with respect to any proposed assignment to any Person that is a Disqualified Institution, if an Event of Default under Section 8.01(a) or, solely with respect to the applicable Borrower, Section 8.01(f) has occurred and is continuing, or (4) for an assignment of all or a portion of the Loans pursuant to Section 10.07(k) or Section 10.07(l); provided, further, that, other than with respect to any proposed assignment to any Person that is a Disqualified Institution, the Company shall be deemed to have consented to any such assignment of, or related to, Term Loans unless it shall have objected thereto by written notice to the Administrative Agent within 15 Business Days after having received notice thereof;

(B) the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment of all or a portion of the Loans pursuant to Section 10.07(k) or Section 10.07(l);

(C) each applicable L/C Issuer at the time of such assignment; provided that no consent of the applicable L/C Issuer shall be required for any assignment of Term Loans or Term Commitments, any assignment of Revolving Credit Loans or Revolving Credit Commitments that are not Participating Revolving Credit Commitments with respect to such L/C Issuer, or any assignment to the Administrative Agent or an Arranger or Bookrunner or an Affiliate of the Administrative Agent or an Arranger or Bookrunner; and

142

(D) each applicable Swing Line Lender; provided that no consent of a Swing Line Lender shall be required for any assignment of Term Loans or Term Commitments, any assignment of Revolving Credit Loans or Revolving Credit Commitments that are not Participating Revolving Credit Commitments with respect to such Swing Line Lender, or any assignment to the Administrative Agent or an Arranger or Bookrunner or an Affiliate of the Administrative Agent or an Arranger or Bookrunner;

provided that, to the extent contemplated by any Intercreditor Agreement, the Assignee shall have entered into any documentation required for it to accede as a party to such Intercreditor Agreement in the relevant capacity (which documentation may include an Assignment and Assumption to the extent the relevant accession provisions are included therein).

Notwithstanding the foregoing or anything to the contrary set forth herein, to the extent any Lender is required to assign any portion of its Commitments, Loans and other rights, duties and obligations hereunder in order to comply with applicable Laws, such assignment may be made by such Lender without the consent of the Company, the Administrative Agent, any applicable L/C Issuer or Alternative L/C Issuer, any applicable Swing Line Lender or any other party hereto so long as such Lender complies with the requirements of Section 10.07(b)(ii); provided that to the extent applicable Laws do not require any Lender to assign any portion of its Commitments, Loans and other rights, duties and obligations hereunder to any specific Person, the Company, the Administrative Agent, any applicable L/C Issuer, any applicable Alternative L/C Issuer, any applicable Swing Line Lender or any other party hereto shall maintain any consent rights pursuant to this Section 10.07(b)(i).

(ii) Assignments shall be subject to the following additional conditions:

(A) except in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than an amount of $5,000,000 in the case of Revolving Credit Commitments or Revolving Credit Loans and $1,000,000 in the case of Term Loans or Term Commitments unless each of the Company and the Administrative Agent otherwise consent; provided that such assignments shall be aggregated in respect of each Lender and its Affiliates or Approved Funds, if any;

(B) unless otherwise consented to in writing by the Company, no Lender shall be entitled to effect any assignment or transfer which would result in the Assignee holding an aggregate participation of more than zero but less than (1) $5,000,000 in relation to any Revolving Credit Loan or Revolving Credit Commitment or (2) $1,000,000 in relation to any Term Loan or Term Commitment;

(C) in relation to its Revolving Credit Loans and Revolving Credit Commitments (unless otherwise consented to in writing by the Company), no Lender shall be entitled to effect any assignment or transfer other than to the extent such transfers and assignments are on a pro rata basis as between the relevant Lender’s Revolving Credit Loans and Revolving Credit Commitments under each Class under which it is a Lender;

(D) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 (unless waived or reduced by the Administrative Agent in its sole discretion); and

(E) other than in the case of assignments pursuant to Section 10.07(l), the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

This Section 10.07(b) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis among such Facilities.

In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein,

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the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Company and the Administrative Agent, the applicable Pro Rata Share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (1) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (2) acquire (and fund as appropriate) its full Pro Rata Share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Pro Rata Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

(c) Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 10.07(d), from and after the effective date specified in each Assignment and Assumption, (i) other than in connection with an assignment pursuant to Section 10.07(l), the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement; provided that an Assignee will not be eligible for benefits under Sections 3.01, 3.02, 3.04 or 3.09 where the relevant payment under Sections 3.01, 3.02, 3.04 or 3.09, as applicable, is required as a result of circumstances existing on the effective date of the Assignment and Assumption, to the extent such benefits would not have been available to the assignor had the assignor remained a Lender, and (ii) the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, and the surrender by the assigning Lender of its Note, the applicable Borrower (at its expense) shall execute and deliver a Note to the assignee Lender; provided that, except as otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.07(c) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 10.07(e).

(d) The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption, each Affiliated Lender Assignment and Assumption delivered to it, and each notice of cancellation of any Loans delivered by the Company pursuant to Section 10.07(k) or Section 10.07(l) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and related interest amounts) of the Loans, L/C Obligations (specifying the Unreimbursed Amounts and the Drawn Amounts thereof), L/C Borrowings, Alternative L/C Borrowings and the amounts due under Section 2.03, owing to each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrowers and the Finance Parties shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Company, and any Finance Party, at any reasonable time and from time to time upon reasonable prior notice. This Section 10.07(d) and Section 2.11 shall be construed so that all Loans are at all times maintained in 「registered form」 within the meaning of Section 163(f), 871(h)(2) and 881(c)(2) of the Code and any related United States Department of the Treasury Regulations (or any other relevant or successor provisions of the Code or of such United States Department of the Treasury Regulations). Notwithstanding the foregoing, in no event shall the Administrative Agent be obligated to ascertain, monitor or inquire as to whether any Lender is an Affiliated Lender nor shall the Administrative Agent be obligated to monitor the aggregate amount of Term Loans held by Affiliated Lenders.

(e) Subject to Section 10.07(f), any Lender, without consent of, or notice to, the Company or the Administrative Agent, may at any time sell participations to any Person (other than a natural person, any Borrower or any Borrower’s Affiliate or its Subsidiaries, a Disqualified Institution or a Defaulting Lender) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement

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(including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Company, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement or the other Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clauses (i) through (x) of the first proviso to Section 10.01 that requires the affirmative vote of such Lender. Subject to Section 10.07(f), the Company agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 3.09 to the same extent as if it were a Lender (subject, for the avoidance of doubt, to the limitations and requirements of those Sections (including Section 3.01(d)) applying to each Participant as if it were a Lender, and it being understood that the documentation required under Section 3.01(d) shall be delivered to the Discount Prepayment Participating Lender) and had acquired its interest by assignment pursuant to Section 10.07(c). To the extent permitted by applicable Law, each Participant also shall be entitled to the benefits of Section 10.09 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. The portion of any Participant Register relating to any Participant requesting payment from the applicable Borrower or seeking to exercise its rights under Section 10.09 shall be available for inspection by the applicable Borrower upon reasonable request to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Department of the Treasury Regulations, or is otherwise required thereunder. For the avoidance of doubt, the Administrative Agent shall have no responsibility for maintaining a Participant Register or with respect to the sale of participations to any Person that is a Disqualified Institution.

(f) If:

(i) a Lender assigns or transfers any participation to a Participant or changes its Lending Office; and

(ii) as a result of circumstances existing at the date of the assignment or transfer or change, a Loan Party would be obliged to make a payment to the Participant or Lender acting through its new Lending Office under Section 3.01, 3.02, 3.03 or 3.09,

then the Participant or Lender acting through its new Lending Office shall only be entitled to receive payment under those Sections to the same extent as the Participant or Lender acting through its existing Lending Office would have been if the assignment, transfer or change had not occurred. This Section 10.07(f) shall not apply to: (a) an assignment or transfer in the ordinary course of primary syndication of the Loans or (b) in relation to Section 3.02(c) or (d), to a new lender that has included a confirmation of its scheme reference number and its jurisdiction of tax residence in accordance with Section 3.03(c)(i) or (ii) and such Loan Party making the payment has not filed a form DTTP2 with HMRC in respect of that new lender within 30 days following the date of the Assignment and Assumption or Increase Confirmation (as applicable).

(g) Any Lender may, without the consent of the Borrowers or the Administrative Agent, at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any other central bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

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(h) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrowers (an “SPC”) the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, (ii) if an SPC elects not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof and (iii) such SPC and the applicable Loan or any applicable part thereof, shall be appropriately reflected in the Participant Register. Each party hereto hereby agrees that (A) an SPC shall be entitled to the benefit of Sections 3.01, 3.02, 3.04, 3.05 and 3.09 (subject to the requirements and the limitations of such Sections and it being understood that the documentation required under Section 3.01(d) shall be delivered to the Granting Lender), but neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrowers under this Agreement except, in the case of Section 3.01, to the extent that the grant to the SPC was made with the prior written consent of the Company (not to be unreasonably withheld or delayed; provided that for the avoidance of doubt, the Company shall have a reasonable basis for withholding consent if an exercise by an SPC immediately after the grant would result in materially increased indemnification obligation to the Company at such time), (B) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (C) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the Lender hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Notwithstanding anything to the contrary contained herein, any SPC may (1) with notice to, but without prior consent of the Company and the Administrative Agent and with the payment of a processing fee of $3,500, assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (2) disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or guarantee or credit or liquidity enhancement to such SPC. If a Granting Lender grants an option to an SPC as described herein and such grant is not reflected in the Register, the Granting Lender shall maintain a separate register on which it records the name and address of each SPC and the principal amounts (and related interest) of each SPC’s interest with respect to the Loans, Commitments or other interests hereunder, which entries shall be conclusive absent manifest error; provided that no Lender shall have any obligation to disclose any portion of such register to any Person except to the extent disclosure is necessary to establish that the Loans, Commitments or other interests hereunder are in registered form for United States federal income tax purposes.

(i) Notwithstanding anything to the contrary contained herein, without the consent of the Company or the Administrative Agent, (i) any Lender may in accordance with applicable Law create a security interest in all or any portion of the Loans owing to it and any Note held by it and (ii) any Lender that is a fund may create a security interest in all or any portion of the Loans owing to it and any Note held by it to the trustee for holders of obligations owed, or securities issued, by such fund as security for such obligations or securities; provided that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 10.07, (A) no such pledge shall release the pledging Lender from any of its obligations under the Loan Documents and (B) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure or otherwise.

(j) Notwithstanding anything to the contrary contained herein, any L/C Issuer, any Alternative L/C Issuer or any Swing Line Lender may, upon 30 days’ notice to the Company and the Lenders, resign as an L/C Issuer, Alternative L/C Issuer or Swing Line Lender, respectively; provided that on or prior to the expiration of such 30-day period with respect to such resignation, the relevant L/C Issuer, Alternative L/C Issuer or Swing Line Lender shall have identified a successor L/C Issuer, Alternative L/C Issuer or Swing Line Lender reasonably acceptable to the Company willing to accept its appointment as successor L/C Issuer, Alternative L/C Issuer or Swing Line Lender, as applicable. In the event of any such resignation of an L/C Issuer, Alternative L/C Issuer or Swing Line Lender, the Company shall be entitled to appoint from among the Lenders willing to accept such appointment a successor L/C Issuer, Alternative L/C Issuer or Swing Line Lender hereunder; provided that no failure by the Company to appoint any such successor or by the relevant L/C Issuer, Alternative L/C Issuer or Swing Line Lender to designate any such successor shall affect the resignation of the relevant L/C Issuer, Alternative L/C Issuer or Swing Line Lender, as the case may be, except as expressly provided above. If an L/C Issuer or Alternative L/C Issuer resigns as an L/C Issuer or Alternative L/C Issuer, it shall retain all the

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rights and obligations of an L/C Issuer or Alternative L/C Issuer hereunder with respect to all Letters of Credit or Alternative Letters of Credit, as applicable, outstanding as of the effective date of its resignation as an L/C Issuer or Alternative L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If a Swing Line Lender resigns as Swing Line Lender, it shall retain all the rights of a Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c).

(k) Any Lender may at any time, assign all or a portion of its rights and obligations with respect to Term Loans under this Agreement to a Person who is or will become, after such assignment, an Affiliated Lender solely through (x) Dutch auctions or other offers to purchase or take by assignment open to all Lenders on a pro rata basis (including in accordance with the procedures described in Section 2.05(a)(v) or as otherwise approved by the Administrative Agent) or (y) open market purchase on a non-pro rata basis, in each case subject to the following limitations:

(i) the assigning Lender and the Affiliated Lender purchasing such Lender’s Term Loans shall execute and deliver to the Administrative Agent an assignment agreement substantially in the form of Exhibit H hereto (an “Affiliated Lender Assignment and Assumption”);

(ii) Affiliated Lenders will not receive information provided solely to Lenders by the Administrative Agent or any Lender and will not be permitted to attend or participate in conference calls or meetings attended solely by the Lenders and the Administrative Agent, other than the right to receive notices of prepayments and other administrative notices in respect of its Loans or Commitments required to be delivered to Lenders pursuant to Article II;

(iii) (A) each Affiliated Lender that purchases any Term Loans pursuant to clause (x) above shall represent and warrant to the selling Lender and the Administrative Agent (other than any other Affiliated Lender), or shall make a statement that such representation cannot be made, that it does not possess material non-public information with respect to the Loan Parties and their Subsidiaries or the securities of any of them that has not been disclosed to the Term Lenders generally (other than Term Lenders who elect not to receive such information) and (B) each Lender (other than any other Affiliated Lender) that assigns any Term Loans to an Affiliated Lender pursuant to clause (y) above shall deliver to the Administrative Agent and the Company a customary Big Boy Letter;

(iv) the aggregate principal amount of Term Loans held at any one time by Affiliated Lenders shall not exceed 30% of the principal amount of all Term Loans at such time outstanding (such percentage, the “Affiliated Lender Cap”); provided that to the extent any assignment to an Affiliated Lender would result in the aggregate principal amount of all Loans held by Affiliated Lenders exceeding the Affiliated Lender Cap, the assignment of such excess amount will be void ab initio; provided, further, that such cap shall not apply to Loans assigned to Affiliated Lenders where the assignment is in relation to a Qualifying Assignment; and

(v) as a condition to each assignment pursuant to this Section 10.07(k), the Administrative Agent and the Company shall have been provided a notice in the form of Exhibit E-2 to this Agreement in connection with each assignment to an Affiliated Lender or a Person that upon effectiveness of such assignment would constitute an Affiliated Lender pursuant to which such Affiliated Lender shall waive any right to bring any action in connection with such Term Loans against the Administrative Agent, in its capacity as such.

Each Affiliated Lender agrees to notify the Administrative Agent promptly (and in any event within ten Business Days) if it acquires any Person who is also a Lender, and each Lender agrees to notify the Administrative Agent promptly (and in any event within ten Business Days) if it becomes an Affiliated Lender. Such notice shall contain the type of information required and be delivered to the same addressee as set forth in Exhibit E-2.

Notwithstanding anything to the contrary contained herein, any Affiliated Lender that has purchased Term Loans pursuant to this Section 10.07(k) may, in its sole discretion, contribute, directly or indirectly, the

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principal amount of such Term Loans, plus all accrued and unpaid interest thereon (except to the extent owing to or for the account of any direct or indirect assignor Lender), to the relevant Borrower for the purpose of cancelling and extinguishing such Term Loans. Upon the date of such contribution, assignment or transfer, (A) the aggregate Outstanding Amount of Term Loans of the relevant Class shall reflect such cancellation and extinguishing of such Term Loans and (B) the relevant Borrower shall promptly provide notice to the Administrative Agent of such contribution of such Term Loans, and the Administrative Agent, upon receipt of such notice, shall reflect the cancellation of such Term Loans in the Register.

(l) Any Lender may, so long as no Event of Default has occurred and is continuing, at any time, assign all or a portion of its rights and obligations with respect to Term Loans under this Agreement to a Loan Party or any of their respective Subsidiaries solely through (x) Dutch auctions or other offers to purchase open to all Lenders on a pro rata basis (including in accordance with procedures of the type described in Section 2.05(a)(v)) or (y) notwithstanding Sections 2.12 and 2.13 or any other provision in this Agreement, open market purchase on a non-pro rata basis; provided that:

(i) upon such assignment, transfer or contribution, such Loan Party or Subsidiary shall automatically be deemed to have contributed the principal amount of such Term Loans, plus all accrued and unpaid interest thereon, to a Borrower; and

(ii) (A) the principal amount of such Term Loans, along with all accrued and unpaid interest thereon (except to the extent owing to or for the account of any direct or indirect assignor Lender), so contributed, assigned or transferred to a Borrower shall be deemed automatically cancelled and extinguished on the date of such contribution, assignment or transfer, (B) the aggregate Outstanding Amount of Term Loans of the relevant Class shall reflect such cancellation and extinguishing of such Term Loans and (C) such Borrower shall promptly provide notice to the Administrative Agent of such contribution, assignment or transfer of such Term Loans, and the Administrative Agent, upon receipt of such notice, shall reflect the cancellation of such Term Loans in the Register.

(m) Notwithstanding anything in Section 10.01 or the definitions of 「Required Lenders」 or 「Required Class Lenders」 to the contrary, for purposes of determining whether the Required Lenders and Required Class Lenders (in respect of a Class of Term Loans) have (i) consented (or not consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, or subject to Section 10.07(n), any plan of reorganization pursuant to the Bankruptcy Code, (ii) otherwise acted on any matter related to any Loan Document, or (iii) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, no Affiliated Lender shall have any right to consent (or not consent), otherwise act or direct or require the Administrative Agent or any Lender to take (or refrain from taking) any such action, and all Term Loans held by any Affiliated Lenders shall be deemed to be not outstanding for all purposes of calculating whether the Required Lenders, Required Class Lenders (in respect of a Class of Term Loans) or all Lenders have taken any actions, except that no amendment, modification or waiver of any Loan Document shall, without the consent of the applicable Affiliated Lender, deprive any Affiliated Lender of its Pro Rata Share of any payment to which all Lenders of the applicable Class of Term Loans are entitled or affect an Affiliated Lender in a manner that is disproportionate to the effect on any Lender of the same Class of Term Loans.

(n) Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, each Affiliated Lender hereby agrees that (and each Affiliated Lender Assignment and Assumption shall provide a confirmation that) if a proceeding under any Debtor Relief Law shall be commenced by or against any Loan Party at a time when such Affiliated Lender is a Lender, such Affiliated Lender irrevocably authorizes and empowers the Administrative Agent to vote on behalf of such Affiliated Lender with respect to the Term Loans held by such Affiliated Lender in a manner such that all Affiliated Lenders will be deemed to vote in the same proportion as Lenders that are not Affiliated Lenders, unless the Administrative Agent instructs such Affiliated Lender to vote, in which case such Affiliated Lender shall vote with respect to the Term Loans held by it in order to provide that all Affiliated Lenders will be deemed to vote in the same proportion as Lenders that are not Affiliated Lenders; provided that such Affiliated Lender shall be entitled to vote in accordance with its sole discretion (and not in accordance with the direction of the Administrative Agent) in connection with any plan of reorganization to the extent any such plan of reorganization proposes to treat any Obligations held by such

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Affiliated Lender in a manner that has a disproportionate effect on such Affiliated Lender as compared to the proposed treatment of similar Obligations held by Term Lenders that are not Affiliated Lenders.

(o) [Reserved].

(p) The aggregate Outstanding Amount of the Term Loans of the applicable Class shall be deemed reduced by the full par value of the aggregate principal amount of the Term Loans purchased by, or contributed to (in each case, and immediately cancelled hereunder), any Borrower pursuant to Section 10.07(k) or (l) and the principal repayment instalments with respect to the Term Loans of such Class pursuant to Section 2.07(a)(i) shall be reduced pro rata by the par value of the aggregate principal amount of Term Loans so purchased or contributed (and subsequently cancelled), with such reduction being applied solely to the Term Loans of the Lenders which sold such Term Loans.

Section 10.08. Confidentiality.

Each of the Finance Parties agrees to maintain the confidentiality of the Information, except that Information may be disclosed: (a) to its Affiliates and its and its Affiliates’ managers, administrators, directors, officers, employees, trustees, partners, investors, investment advisors and agents, including accountants, legal counsel and other advisors and loan syndication service providers (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any Governmental Authority or self-regulatory authority having or asserting jurisdiction over such Person (including any Governmental Authority regulating any Lender or its Affiliates); provided that the applicable Finance Party agrees that it will notify the Company prior to any such disclosure by such Person to the extent practicable (other than at the request of a regulatory authority or any self-regulatory authority having or asserting jurisdiction over such Person) unless such notification is prohibited by law, rule or regulation; (c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process; provided that the applicable Finance Party agrees that it will notify the Company as soon as practicable in the event of any such disclosure by such Person (other than at the request of a regulatory authority or any self-regulatory authority having or asserting jurisdiction over such Person) unless such notification is prohibited by law, rule or regulation; (d) to any other party to this Agreement; (e) subject to an agreement containing provisions at least as restrictive as those of this Section 10.08 (or as may otherwise be reasonably acceptable to the Company), to any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement or any Eligible Assignee invited to be an Additional Lender, any pledgee referred to in Section 10.07(g), or any actual or prospective direct or indirect counterparty (or its advisors) to any swap or derivative transaction relating to the Borrowers and their obligations, or any provider of credit insurance relating to the Borrowers and their obligations; (f) with the written consent of the Company; (g) to the extent such Information becomes publicly available other than as a result of a breach of this Section 10.08 by such Finance Party or becomes available to the Administrative Agent, any Arranger, any Lender, any L/C Issuer, any Alternative L/C Issuer or any of their respective Affiliates on a non-confidential basis from a source other than a Loan Party or their respective Affiliates (so long as such source is not known to the Administrative Agent, such Arranger, such Lender, such L/C Issuer, such Alternative L/C Issuer or any of their respective Affiliates to be bound by confidentiality obligations to any Loan Party); (h) to any rating agency when required by it on a customary basis and after consultation with the Company (it being understood that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Information relating to Loan Parties and their Subsidiaries received by it from such Lender); (i) in connection with the exercise of any remedies hereunder, under any other Loan Document or the enforcement of its rights hereunder or thereunder; or (j) to the extent such Information is independently developed by such Person or its Affiliates so long as not based on Information obtained in a manner that would otherwise violate this Section 10.08.

For purposes of this Section, “Information” means all information received from any Loan Party or any Subsidiary thereof relating to any Loan Party or any Subsidiary thereof or their respective businesses, other than any such information that is available to the Administrative Agent or any other Finance Party on a non-confidential basis prior to disclosure by any Loan Party or any Subsidiary thereof other than as a result of a breach of this Section 10.08 by such Finance Party; provided that all information received after the 2020 Amendment Effective Date from the Loan Parties or any of their Subsidiaries shall be deemed confidential unless such information is clearly identified at the time of delivery as not being confidential.

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Each of the Administrative Agent, the L/C Issuers, the Alternative L/C Issuers and the Lenders acknowledges that (a) the Information may include material non-public information concerning the Loan Parties or any of their Subsidiaries, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including United States Federal and state securities Laws.

Section 10.09. Setoff.

In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any Event of Default, each Lender and its Affiliates (and the Administrative Agent, in respect of any unpaid fees, costs and expenses payable hereunder) is authorized at any time and from time to time, without prior notice to the Company, any such notice being waived by each Borrower (on its own behalf and on behalf of each Loan Party and each of its Subsidiaries) to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held by, and other Indebtedness at any time owing by, such Lender and its Affiliates or the Administrative Agent to or for the credit or the account of the respective Loan Parties and their Subsidiaries against any and all Obligations (other than, with respect to any Guarantor, Excluded Swap Obligations of such Guarantor) owing to such Lender and its Affiliates or the Administrative Agent hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether or not the Administrative Agent or such Lender or Affiliate shall have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit or Indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.17 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuers, the Alternative L/C Issuers and the Lenders, and (b) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. Each Lender agrees promptly to notify the Borrowers and the Administrative Agent after any such set off and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of the Administrative Agent and each Lender under this Section 10.09 are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent and such Lender may have at Law.

Section 10.10. Interest Rate Limitation.

Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent, an Arranger or a Bookrunner or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the relevant Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or such Arranger, Bookrunner or Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

Section 10.11. Counterparts; Electronic Execution of Assignments and Certain Other Documents.

This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier, .pdf or other electronic imaging means of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as delivery of an original executed counterpart of this Agreement and such other Loan Document. The Administrative Agent may also require that any such documents and signatures delivered by telecopier, .pdf or other electronic imaging means be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier, .pdf or other electronic imaging means.

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The words 「execution,」「signed,」「signature,」 and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

Section 10.12. Integration; Termination.

This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof.

Section 10.13. Survival of Representations and Warranties.

All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied (other than Obligations under Secured Hedge Agreements, Treasury Services Agreements or contingent indemnification obligations, in any such case, not then due and payable) or any Letter of Credit or Alternative Letter of Credit shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized or back-stopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer or Alternative L/C Issuer such Letter of Credit or Alternative Letter of Credit has been deemed reissued under another agreement reasonably acceptable to the applicable L/C Issuer or Alternative L/C Issuer).

Section 10.14. Severability.

If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.14, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the L/C Issuers, the Alternative L/C Issuers or the Swing Line Lenders, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited.

Section 10.15. GOVERNING LAW; FORUM; PROCESS AGENT.

(a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT (OTHER THAN AS SET FORTH IN THE OTHER LOAN DOCUMENTS) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

(b) ANY LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE

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TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY (BOROUGH OF MANHATTAN) OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE AND ANY APPELLATE COURTS FROM ANY THEREOF, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH LOAN PARTY, EACH AGENT AND EACH LENDER CONSENTS, IRREVOCABLY AND UNCONDITIONALLY, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS AND AGREES THAT IT WILL NOT COMMENCE OR SUPPORT ANY SUCH ACTION OR PROCEEDING IN ANOTHER JURISDICTION. NOTWITHSTANDING THE FOREGOING, NOTHING CONTAINED HEREIN OR IN ANY OTHER LOAN DOCUMENT WILL PREVENT ANY LENDER OR THE ADMINISTRATIVE AGENT FROM BRINGING ANY ACTION TO ENFORCE ANY AWARD OR JUDGMENT OR EXERCISE ANY RIGHT UNDER THE COLLATERAL DOCUMENTS OR AGAINST ANY COLLATERAL OR ANY OTHER PROPERTY OF ANY LOAN PARTY IN ANY OTHER FORUM IN WHICH JURISDICTION CAN BE ESTABLISHED. EACH LOAN PARTY, EACH AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN TELECOPIER) IN SECTION 10.02. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

(c) EACH LOAN PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY (I) AGREES THAT SERVICE OF ALL WRITS, PROCESS AND SUMMONSES IN ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN THE STATE OF NEW YORK MAY BE MADE UPON THE ORIGINAL CO-BORROWER (IN SUCH CAPACITY, THE “PROCESS AGENT”) AND EACH OTHER LOAN PARTY HEREBY CONFIRMS AND AGREES THAT THE PROCESS AGENT HAS BEEN DULY AND IRREVOCABLY APPOINTED AS ITS RESPECTIVE AGENT TO ACCEPT SUCH SERVICE OF ANY AND ALL SUCH WRITS, PROCESSES AND SUMMONSES, AND AGREES THAT THE FAILURE OF THE PROCESS AGENT TO GIVE ANY NOTICE OF ANY SUCH SERVICE OF PROCESS TO THE OTHER BORROWERS OR ANY OTHER LOAN PARTY SHALL NOT IMPAIR OR AFFECT THE VALIDITY OF SUCH SERVICE OR OF ANY JUDGMENT BASED THEREON. IF THE PROCESS AGENT SHALL CEASE TO SERVE AS AGENT FOR THE OTHER BORROWERS OR ANY OTHER LOAN PARTY TO RECEIVE SERVICE OF PROCESS HEREUNDER, EACH OF THE BORROWERS AND THE OTHER LOAN PARTIES, AS APPLICABLE, SHALL PROMPTLY APPOINT A SUCCESSOR AGENT SATISFACTORY TO THE ADMINISTRATIVE AGENT. EACH OF THE OTHER BORROWERS AND EACH OTHER LOAN PARTY HEREBY FURTHER CONSENTS TO THE SERVICE OF PROCESS IN ANY SUIT, ACTION OR PROCEEDING BY THE MAILING THEREOF BY THE ADMINISTRATIVE AGENT OR ANY LENDER BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, AT ITS NOTICE ADDRESS SET FORTH IN THIS AGREEMENT, AND (II) AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW, OR SHALL LIMIT THE RIGHT TO SUE IN ANY OTHER JURISDICTION.

Section 10.16. WAIVER OF RIGHT TO TRIAL BY JURY.

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

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Section 10.17. Binding Effect.

This Agreement shall become effective when (a) it shall have been executed by the Loan Parties and the Administrative Agent and (b) the Administrative Agent shall have been notified by each Lender, Swing Line Lender, L/C Issuer and Alternative L/C Issuer that each such Lender, Swing Line Lender, L/C Issuer and Alternative L/C Issuer has executed it and thereafter shall be binding upon and inure to the benefit of the Loan Parties, each Lender, each other Person that becomes party hereto and each of their respective successors and assigns, in each case in accordance with Section 10.07 (if applicable).

Section 10.18. USA Patriot Act.

Each Lender that is subject to the USA Patriot Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name, address and tax identification number of such Loan Party and other information regarding such Loan Party that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the USA Patriot Act. This notice is given in accordance with the requirements of the USA Patriot Act and is effective as to the Lenders and the Administrative Agent.

Section 10.19. No Advisory or Fiduciary Responsibility.

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (a) (i) the arranging and other services regarding this Agreement provided by the Administrative Agent and the other Arrangers are arm’s-length commercial transactions between the Loan Parties and their respective Affiliates, on the one hand, and the Administrative Agent, the other Arrangers and the Lenders, on the other hand, (ii) each Loan Party has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) each Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) the Administrative Agent, each other Arranger and each Lender is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for each Loan Party or any of their respective Affiliates, or any other Person and (ii) neither the Administrative Agent, any other Arranger nor any Lender has any obligation to the Loan Parties or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative Agent, the other Arrangers, the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Loan Parties and their respective Affiliates, and neither the Administrative Agent nor any other Arranger nor any Lender has any obligation to disclose any of such interests to the Loan Parties or any of their respective Affiliates. To the fullest extent permitted by applicable Law, each Loan Party hereby waives and releases any claims that it may have against the Administrative Agent, the other Arrangers and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

Section 10.20. INTERCREDITOR AGREEMENTS.

(a) PURSUANT TO THE EXPRESS TERMS OF EACH INTERCREDITOR AGREEMENT, IN THE EVENT OF ANY CONFLICT OR INCONSISTENCY BETWEEN THE TERMS OF THE RELEVANT INTERCREDITOR AGREEMENT AND ANY OF THE LOAN DOCUMENTS, THE PROVISIONS OF THE RELEVANT INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL.

(b) EACH LENDER AUTHORIZES AND INSTRUCTS THE ADMINISTRATIVE AGENT TO ENTER INTO THE RELEVANT INTERCREDITOR AGREEMENT ON BEHALF OF SUCH LENDER, AND TO TAKE ALL ACTIONS (AND EXECUTE ALL DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT IN ACCORDANCE WITH THE TERMS OF SUCH INTERCREDITOR AGREEMENT(S). EACH LENDER AGREES TO BE BOUND BY AND WILL TAKE NO ACTIONS CONTRARY TO THE PROVISIONS OF THE RELEVANT INTERCREDITOR AGREEMENT.

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(c) THE PROVISIONS OF THIS SECTION 10.20 ARE NOT INTENDED TO SUMMARIZE ALL RELEVANT PROVISIONS OF THE RELEVANT INTERCREDITOR AGREEMENT. REFERENCE MUST BE MADE TO THE RELEVANT INTERCREDITOR AGREEMENT ITSELF TO UNDERSTAND ALL TERMS AND CONDITIONS THEREOF. EACH LENDER IS RESPONSIBLE FOR MAKING ITS OWN ANALYSIS AND REVIEW OF THE RELEVANT INTERCREDITOR AGREEMENT AND THE TERMS AND PROVISIONS THEREOF, AND NO AGENT (AND NONE OF ITS AFFILIATES) MAKES ANY REPRESENTATION TO ANY LENDER AS TO THE SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED IN THE RELEVANT INTERCREDITOR AGREEMENT.

(d) THE PROVISIONS OF THIS SECTION 10.20 SHALL APPLY WITH EQUAL FORCE, MUTATIS MUTANDIS, TO EACH INTERCREDITOR AGREEMENT AND ANY OTHER INTERCREDITOR ARRANGEMENT PERMITTED BY THIS AGREEMENT.

Section 10.21. Additional Parties.

(a) Permitted Affiliate Group and Affiliate Subsidiary Designation.

The Company may at any time provide the Administrative Agent with notice that it wishes to designate and include (x) any Affiliate of the Company (other than a Subsidiary of the Company or a Permitted Affiliate Parent) (upon satisfaction of the conditions in this Section 10.21(a), any such Affiliate an “Affiliate Subsidiary”) (but not, for the avoidance of doubt, such Subsidiary’s Subsidiaries) or (y) any Affiliate of the Company (upon satisfaction of the conditions in this Section 10.21(a), any such Affiliate “Permitted Affiliate Parent”) and the Subsidiaries of any such Permitted Affiliate Parent as members of the Restricted Group for the purposes of this Agreement. Such Affiliate shall (in the case of clause (x)) become an Affiliate Subsidiary (an “Affiliate Subsidiary Accession”) and a Restricted Subsidiary or (in the case of clause (y)) a Permitted Affiliate Parent (a “Permitted Affiliate Parent Accession”) and such Subsidiaries thereof shall become Restricted Subsidiaries or Unrestricted Subsidiaries (to the extent designated as such in accordance with this Agreement) for the purposes of this Agreement upon confirmation from the Administrative Agent to the Company that such Affiliate and the Company have complied with the requirements of:

(A) Section 10.21(b) and such Affiliate has acceded to this Agreement as a Borrower; or

(B) Section 10.21(c) and such Affiliate has acceded to this Agreement as a Guarantor;

provided that, prior to or immediately after giving effect to such transaction, no Event of Default shall have occurred and be continuing.

(ii) The Company or a Permitted Affiliate Parent may designate that any Permitted Affiliate Parent is no longer a Permitted Affiliate Parent (a “Permitted Affiliate Parent Release”) or that an Affiliate Subsidiary is no longer an Affiliate Subsidiary (an “Affiliate Subsidiary Release”); provided that immediately after giving effect to such Permitted Affiliate Parent Release or Affiliate Subsidiary Release, as applicable, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and either (A) the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries could Incur at least $1.00 of additional Indebtedness pursuant to Section 4.09(a) of Annex II or (B) the Consolidated Net Leverage Ratio would be no greater than it was immediately prior to giving effect to such designation, in each case, on a pro forma basis taking into account such Permitted Affiliate Parent Release or Affiliate Subsidiary Release, as applicable.

(iii) Concurrently with a Permitted Affiliate Parent Accession or an Affiliate Subsidiary Accession, the immediate Holding Company of such Permitted Affiliate Parent or Affiliate Subsidiary, as applicable, will grant a Lien pursuant to a Collateral Document over all the issued capital stock or share capital of such Permitted Affiliate Parent or Affiliate Subsidiary, as applicable, as security for the Obligations in favor of the Security Trustee and in form and substance satisfactory to the Security Trustee (acting reasonably).

(b) Additional Borrowers.

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(i) Subject to Section 10.21(b)(ii), the Company or any Permitted Affiliate Parent may, upon not less than five Business Days’ prior written notice to the Administrative Agent, request that it or any Permitted Affiliate Parent, any Affiliate Subsidiary or any Wholly Owned Subsidiary that is a member of the Restricted Group becomes an Additional Borrower under this Agreement.

(ii) Any such Person referred to in Section 10.21(b)(i) may become an Additional Borrower with respect to a Facility if:

(A) it is incorporated, registered or organized under the laws of an Approved Key Jurisdiction for that Facility (provided that, where such Additional Borrower is incorporated in Barbados, such entity shall only be deemed to satisfy this requirement if it is established as a body corporate which is licensed under the International Business Companies Act or any other regime which provides the same or substantially similar benefits thereto in Barbados) or the Required Lenders under such Facility have approved the addition of that Person as an Additional Borrower;

(B) such Person and the Company deliver to the Administrative Agent a duly completed and executed joinder agreement in form and substance reasonably satisfactory to the Administrative Agent pursuant to which such Person agrees to become a party to this Agreement as an Additional Borrower;

(C) the Company confirms that no Event of Default is continuing or would occur as a result of such Person becoming an Additional Borrower;

(D) the Administrative Agent (for and on behalf of the Lenders) shall have received, at least three Business Days prior to the date of accession of such Person as an Additional Borrower, all documentation and other information about such Person required under applicable 「know your customer」 and anti-money laundering rules and regulations, including under the Beneficial Ownership Regulations (such information to include, for the avoidance of doubt, a Beneficial Ownership Certification for each entity that qualifies as a 「legal entity customer」 thereunder) and the USA Patriot Act, and satisfactory to each Finance Party (acting reasonably), that has been requested by the Administrative Agent (for itself or on behalf of any Lender) or any Lender (through the Administrative Agent and for itself) in writing at least ten days prior to the date of accession of such Person as an Additional Borrower;

(E) the Administrative Agent has received all of the documents and other evidence listed in Schedule 10.21 in relation to such Person, each in form and substance reasonably satisfactory to the Administrative Agent; and

(F) such Person shall have entered into all documentation required for it to (1) accede to (x) this Agreement as an Additional Borrower and (y) to the extent required by any Intercreditor Agreement, such Intercreditor Agreement as a 「debtor」 (or other relevant capacity) and/or to (2) have acknowledged any Intercreditor Agreement in the manner contemplated thereby.

(iii) The Administrative Agent shall notify the Company and the Lenders promptly upon being satisfied that the conditions specified in Section 10.21(b)(ii) (and, in the case of any Permitted Affiliate Parent, Section 10.21(a)) have been satisfied.

(i) Subject to Section 10.21(c)(ii), the Company or any Permitted Affiliate Parent may, upon not less than five Business Days prior written notice to the Administrative Agent, request that any Permitted Affiliate Parent, any Affiliate Subsidiary or any member of the Restricted Group becomes an Additional Guarantor under this Agreement.

(ii) Any such Person referred to in Section 10.21(c)(i) may become an Additional Guarantor if:

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(A) such Person and the Company deliver to the Administrative Agent a duly completed and executed joinder agreement in form and substance reasonably satisfactory to the Administrative Agent;

(B) the Company confirms that no Event of Default is continuing or would occur as a result of such Person becoming an Additional Guarantor;

(C) the Administrative Agent (for and on behalf of the Lenders) shall have received, at least three Business Days prior to the date of accession of such Person as an Additional Guarantor, all documentation and other information about such Person required under applicable 「know your customer」 and anti-money laundering rules and regulations, including under the Beneficial Ownership Regulations (such information to include, for the avoidance of doubt, a Beneficial Ownership Certification for each entity that qualifies as a 「legal entity customer」 thereunder) and the USA Patriot Act, and satisfactory to each Finance Party (acting reasonably), that has been requested by the Administrative Agent (for itself or on behalf of any Lender) or any Lender (through the Administrative Agent and for itself) in writing at least ten days prior to the date of accession of such Person as an Additional Guarantor;

(D) the Administrative Agent has received all of the documents and other evidence listed in Schedule 10.21 in relation to such Person, each in form and substance reasonably satisfactory to the Administrative Agent; and

(E) to the extent required by any Intercreditor Agreement, such Person shall have entered into all documentation required for it to accede to or acknowledge (as required) any applicable Intercreditor Agreement as a 「debtor」 (or other relevant capacity) or an Additional Guarantor (as defined thereunder).

(iii) The Administrative Agent shall notify the Company and the Lenders promptly upon being satisfied that the conditions specified in Section 10.21(c)(ii) have been satisfied.

(d) Assumption of Rights and Obligations. Upon satisfactory delivery of a duly executed joinder to the Administrative Agent, together with the other documents required to be delivered under Section 10.21(b) or Section 10.21(c), the relevant Person, the Loan Parties and the Secured Parties, will assume such obligations towards one another and/or acquire such rights against each other as they would each have assumed or acquired had such Person been an original party to this Agreement as a Borrower or a Guarantor as the case may be and such Person shall become a party to this Agreement as an Additional Borrower and/or an Additional Guarantor as the case may be.

Section 10.22. Resignation of an Additional Borrower or an Additional Guarantor.

(a) With the prior consent of the Required Lenders, an Additional Borrower or Additional Guarantor may cease to be an Additional Borrower or an Additional Guarantor by delivering to the Administrative Agent a resignation letter.

(b) The Administrative Agent shall accept a resignation letter and notify the Company and the other Finance Parties of its acceptance if:

(i) the Company has confirmed that (A) no Event of Default is continuing or would result from the acceptance of the resignation letter and (B) no breach of the Collateral and Guarantee Requirement would result from the acceptance of the resignation letter;

(ii) with respect to an Additional Borrower, such Additional Borrower is not under any present obligation to make any payment as a Borrower under any Loan Documents at such time; and

(iii) with respect to an Additional Guarantor, (A) if such Additional Guarantor is also an Additional Borrower, it has resigned as an Additional Borrower in accordance with the terms of this Section 10.22 and (B) such Additional Guarantor is not under any present obligation to make any payments under any Loan Documents at such time.

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(c) Upon notification by the Administrative Agent to the Company of its acceptance of the resignation of the relevant Additional Borrower or Additional Guarantor, that company shall cease to be an Additional Borrower or Additional Guarantor, as applicable, and shall have no further rights or obligations under the Loan Documents as an Additional Borrower or Additional Guarantor, as applicable.

Section 10.23. Judgment Currency.

If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrowers in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent from the Borrowers in the Agreement Currency, the Borrowers agree, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the Borrowers (or to any other Person who may be entitled thereto under applicable Law).

Section 10.24. Continuing Obligations.

As of the 2020 Amendment Effective Date, this Agreement shall amend, and restate as amended, the 2018 Credit Agreement, but shall not constitute a novation thereof or in any way impair or otherwise affect the rights or obligations of the parties thereunder (including with respect to Loans and Commitments and representations and warranties made thereunder) except as such rights or obligations are amended or modified hereby. The 2018 Credit Agreement as amended and restated hereby shall be deemed to be a continuing agreement among the parties, and all documents, instruments and agreements delivered pursuant to or in connection with the 2018 Credit Agreement not amended and restated in connection with the entry of the parties into this Agreement shall remain in full force and effect, each in accordance with its terms, as of the date of delivery or such other date as contemplated by such document, instrument or agreement to the same extent as if the modifications to the 2018 Credit Agreement contained herein were set forth in an amendment to the 2018 Credit Agreement in a customary form, unless such document, instrument or agreement has otherwise been terminated or has expired in accordance with or pursuant to the terms of this Agreement, the 2018 Credit Agreement or such document, instrument or agreement or as otherwise agreed by the required parties hereto or thereto. For the avoidance of doubt, the execution of this Agreement or the Term B-5 Joinder by the Administrative Agent, any Lender, any L/C Issuer, any Alternative L/C Issuer, any Swing Line Lender or any other Person party to the 2018 Credit Agreement immediately prior to the 2020 Amendment Effective Date shall constitute the irrevocable consent, approval and agreement of the Administrative Agent, such Lender, such L/C Issuer, such Alternative L/C Issuer, such Swing Line Lender and such other Person to the amendment and restatement of the 2018 Credit Agreement as provided in this Agreement and to the consummation of the transactions contemplated herein.

Section 10.25. Waiver of Immunities.

Each of the Loan Parties acknowledges and agrees that the activities contemplated by the provisions of the Loan Documents are commercial in nature rather than governmental or public and therefore acknowledges and agrees that such Loan Party is not entitled to any right of immunity on the grounds of sovereignty or otherwise with respect to such activities or in any legal action or proceeding arising out of or relating to the Loan Documents. To the extent permitted by applicable Law, each Loan Party, in respect of itself, its process agents and its properties (including its Subsidiaries) and revenues, expressly and irrevocably waives any such right of immunity which may now or hereafter exist (including any immunity from the jurisdiction of any court or from any suit, execution, attachment (whether provisional or final, in aid of execution, prior to judgment or

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otherwise) or other legal process (including in any jurisdiction where immunity (whether or not claimed) may be attributed to it or its assets)) or claim thereto which may now or hereafter exist and irrevocably agrees not to assert any such right or claim of immunity in any such action or proceeding to the fullest extent permitted now or in the future by the Laws of any such jurisdiction. The Loan Parties agree that the waivers set forth in this Section 10.24 shall have the fullest effect permitted under applicable Law, including the Foreign Sovereign Immunities Act of 1976 of the United States of America (28 U.S.C. §§1602-1611) (the 「FSIA」), and are intended to be irrevocable and not subject to withdrawal for purposes of the FSIA.

ARTICLE XI
GUARANTEE

Section 11.01. The Guaranty

Each Guarantor hereby jointly and severally irrevocably with the other Guarantors guarantees, as a primary obligor and not as a surety, to each Secured Party and their respective successors and assigns, the prompt payment in full when due (whether at Stated Maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and interest (including any interest, fees, costs or charges that would accrue but for the provisions of (i) the Bankruptcy Code after any bankruptcy or insolvency petition under the Bankruptcy Code and (ii) any other Debtor Relief Laws) on the Loans made by the Lenders to, and the Notes held by each Lender of, the Borrower, and all other Obligations (excluding, with respect to any Guarantor, any Excluded Swap Obligations of such Guarantor) from time to time owing to the Secured Parties by any Loan Party under any Loan Document or any Secured Hedge Agreement or any Treasury Services Agreement, in each case strictly in accordance with the terms thereof (such obligations being herein collectively called the “Guaranteed Obligations”). The Guarantors hereby jointly and severally agree that if the Borrowers or other Guarantor(s) shall fail to pay in full when due (whether at Stated Maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same in cash, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal.

Section 11.02. Obligations Unconditional.

The obligations of the Guarantors under Section 11.01 shall constitute a guaranty of payment and to the fullest extent permitted by applicable Law, are absolute, irrevocable and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Guaranteed Obligations of the Borrowers under this Agreement, the Notes, if any, or any other agreement or instrument referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or Guarantor (except for termination or release of a Guarantor’s obligations hereunder in accordance with the terms of Section 11.09). Without limiting the generality of the foregoing, to the fullest extent permitted by applicable Law and except for termination or release of a Guarantor’s obligations hereunder in accordance with the terms of Section 11.09, it is agreed that the occurrence of any one or more of the following shall not alter or impair the liability of the Guarantors hereunder which shall remain absolute, irrevocable and unconditional under any and all circumstances as described above:

(a) at any time or from time to time, without notice to the Guarantors, to the extent permitted by applicable Law, the time for any performance of or compliance with any of the Guaranteed Obligations shall be extended, or such performance or compliance shall be waived;

(b) any of the acts mentioned in any of the provisions of this Agreement or the Notes, if any, or any other agreement or instrument referred to herein or therein shall be done or omitted;

(c) the maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be amended in any respect, or any right under the Loan Documents or any other agreement or instrument referred to herein or therein shall be amended or waived in any respect or any other

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guarantee of any of the Guaranteed Obligations or except as permitted pursuant to Section 11.09, any security therefor shall be released or exchanged in whole or in part or otherwise dealt with;

(d) any Lien or security interest granted to, or in favor of, an L/C Issuer, an Alternative L/C Issuer, any Lender or the Security Trustee shall fail to be perfected;

(e) the release of any other Guarantor pursuant to Section 11.09; or

(f) any of the Guaranteed Obligations shall be determined to be void or voidable (including for the benefit of any creditor of any Guarantor) or shall be subordinated to the claims of any Person (including any creditor of any Guarantor).

The Guarantors hereby expressly waive diligence, presentment, demand of payment, protest and, to the extent permitted by applicable Law, all notices whatsoever, and any requirement that any Secured Party exhaust any right, power or remedy or proceed against the Borrowers under this Agreement or the Notes, if any, or any other agreement or instrument referred to herein or therein, or against any other Person under any other guarantee of, or security for, any of the Guaranteed Obligations. The Guarantors waive, to the extent permitted by applicable Law, any and all notice of the creation, renewal, extension, waiver, termination or accrual of any of the Guaranteed Obligations and notice of or proof of reliance by any Secured Party upon this guarantee or acceptance of this guarantee, and the Guaranteed Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred in reliance upon this guarantee, and all dealings between the Borrowers and the Secured Parties shall likewise be conclusively presumed to have been had or consummated in reliance upon this guarantee. This guarantee shall be construed as a continuing, absolute, irrevocable and unconditional guarantee of payment without regard to any right of offset with respect to the Guaranteed Obligations at any time or from time to time held by Secured Parties, and the obligations and liabilities of the Guarantors hereunder shall not be conditioned or contingent upon the pursuit by the Secured Parties or any other Person at any time of any right or remedy against the Borrowers or against any other Person which may be or become liable in respect of all or any part of the Guaranteed Obligations or against any collateral security or guarantee therefor or right of offset with respect thereto. This guarantee shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Guarantors and the successors and assigns thereof, and shall inure to the benefit of the Lenders, and their respective successors and assigns, notwithstanding that from time to time during the term of this Agreement there may be no Guaranteed Obligations outstanding.

Section 11.03. Reinstatement.

The obligations of the Guarantors under this Article XI shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of the Borrowers or other Loan Party in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise. Each Guarantor agrees that it will indemnify the Secured Parties and each holder of the Guaranteed Obligations in connection with such rescission or restoration including any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under Debtor Relief Law.

Section 11.04. Subrogation; Subordination.

Each Guarantor hereby agrees that until the irrevocable payment and satisfaction in full in cash of all Guaranteed Obligations and the expiration and termination of the Commitments of the Lenders under this Agreement it shall waive any claim and shall not exercise any right or remedy, direct or indirect, arising by reason of any performance by it of its guarantee in Section 11.01, whether by subrogation or otherwise, against the Borrowers or any other Guarantor of any of the Guaranteed Obligations or any security for any of the Guaranteed Obligations.

Section 11.05. Remedies.

The Guarantors jointly and severally agree that, as between the Guarantors and the Lenders, the obligations of the Borrowers under this Agreement and the Notes, if any, may be declared to be forthwith due

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and payable as provided in Section 8.02 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 8.02) for purposes of Section 11.01, notwithstanding any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically due and payable) as against the Borrowers and that, in the event of such declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by the Borrower) shall forthwith become due and payable by the Guarantors for purposes of Section 11.01.

Section 11.06. Instrument for the Payment of Money.

Each Guarantor hereby acknowledges that the guarantee in this Article XI constitutes an instrument for the payment of money, and consents and agrees that any Lender or the Administrative Agent, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213.

Section 11.07. Continuing Guarantee.

The guarantee in this Article XI is a continuing guarantee of payment and not of collection, and shall apply to all Guaranteed Obligations whenever arising.

Section 11.08. General Limitation on Guarantee Obligations.

In any action or proceeding involving any state corporate limited partnership or limited liability company law, or any applicable state, federal or foreign bankruptcy, insolvency, reorganization or other applicable Law affecting the rights of creditors generally, if the obligations of any Guarantor under Section 11.01 would otherwise be held or determined to be void, voidable, invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under Section 11.01, then, notwithstanding any other provision to the contrary, the amount of such liability shall, without any further action by such Guarantor, any Loan Party or any other Person, be automatically limited and reduced to the highest amount (after giving effect to the right of contribution established in Section 11.10) that is valid and enforceable and not subordinated to the claims of other creditors as determined in such action or proceeding.

Section 11.09. Release of Guarantors.

(a) If, in compliance with the terms and provisions of the Loan Documents (and subject to the terms of any applicable Intercreditor Agreement):

(i) any Guarantor ceases to be a Restricted Subsidiary or a Permitted Affiliate Parent pursuant to a transaction or designation permitted by this Agreement (including, for the avoidance of doubt, a Permitted Affiliate Parent Release or an Affiliate Subsidiary Release);

(ii) any Guarantor is an Affiliate Subsidiary and such Affiliate Subsidiary becomes a Subsidiary of or is merged into or with the Company, a Permitted Affiliate Parent or another Restricted Subsidiary which is not an Affiliate Subsidiary;

(iii) any Guarantor is a Permitted Affiliate Parent and such Permitted Affiliate Parent becomes a Subsidiary of or is merged into or with the Initial Borrower, another Permitted Affiliate Parent or a Restricted Subsidiary which is not an Affiliate Subsidiary;

(iv) all or substantially all of the Equity Interests or property of any Guarantor are sold or otherwise transferred to a Person or Persons, none of which is a Loan Party, in an Enforcement Sale or otherwise;

(v) a Guarantor is prohibited or restricted by applicable Law from guaranteeing the Obligations (other than customary legal and contractual limitations substantially similar to those provided for in this Agreement or the Guaranty); provided that such guarantee will be released as a whole or in part to the extent it is necessary to achieve compliance with such prohibition or restriction;

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(vi) a Guarantor is released from its obligations under the Loan Documents as a result of a transaction permitted by, and in compliance with, the covenant set forth in Section 5.01 of Annex II; provided that such Guarantor is not under any present obligation or claim to pay principal and/or interest on the Facilities at such time;

(vii) a Guarantor resigns pursuant to Section 10.22 or as a result of, and in connection, with any Solvent Liquidation; or

(viii) upon termination of the Aggregate Commitments and payment in full of all Obligations,

any such Guarantor in (i) to (viii) above, a “Released Guarantor”), such Released Guarantor and (in the case of a sale of all of the Equity Interests of the Released Guarantor) its Restricted Subsidiaries shall, upon the designation, consummation of such sale or transfer or other transaction, be automatically released from its obligations under this Agreement (including under Section 10.05 hereof) and its obligations to pledge and grant any Collateral owned by it pursuant to any Collateral Document and, in the case of a sale of all or substantially all of the Equity Interests of the Released Guarantor, the pledge of or security interest in such Equity Interests to the Administrative Agent pursuant to the Collateral Documents shall be automatically released, and, so long as the Borrowers shall have provided the Administrative Agent such certifications or documents as the Administrative Agent shall reasonably request, the Administrative Agent shall take such actions as are necessary to effect each release described in this Section 11.09 in accordance with the relevant provisions of the Collateral Documents.

(b) If a Guaranty has been provided by an Additional Guarantor as required under Section 4.15 of Annex II as a result of its guarantee of other Indebtedness of the Restricted Group, then such Guaranty shall be automatically released (subject to the terms of the applicable Intercreditor Agreement) upon the release or discharge of such Additional Guarantor from such guarantee of other Indebtedness so long as no other Indebtedness that would give rise to the obligation to provide such Guaranty is at the time guaranteed by such Additional Guarantor. In addition, if an Additional Guarantor resigns in accordance with Section 10.22, then the Guaranty of such Additional Guarantor shall be automatically released.

(c) Subject to Section 11.09(a) and Section 11.09(b), the guarantees made herein shall remain in full force and effect so long as any Lender shall have any Commitment hereunder, or any Loan or any other Obligation remains outstanding (other than (i) contingent indemnification obligations as to which no claim has been asserted and (ii) obligations under Treasury Services Agreements or obligations under Secured Hedge Agreements as to which arrangements reasonably satisfactory to the applicable Hedge Bank have been made) hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit or Alternative Letter of Credit shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized or back-stopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer or Alternative L/C Issuer, as applicable, or such Letter of Credit or Alternative Letter of Credit has been deemed reissued under another agreement reasonably acceptable to the applicable L/C Issuer or Alternative L/C Issuer, as applicable).

(d) In the event of a Post-Closing Reorganization and/or a Permitted Tax Reorganization, any Guaranty of a Parent that ceases to be a Parent of the Company, shall be automatically released (subject to the terms of the applicable Intercreditor Agreement).

(e) The Administrative Agent shall be authorized to enter into any documents desirable to evidence or document such release of Guaranty and resignation of such relevant Guarantor.

Section 11.10. Right of Contribution.

Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of Section 11.04. The provisions of this Section 11.10 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent, the L/C Issuers, the Alternative L/C Issuers, the Swing Line Lenders and the Lenders,

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and each Guarantor shall remain liable to the Administrative Agent, the L/C Issuers, the Alternative L/C Issuers, the Swing Line Lenders and the Lenders for the full amount guaranteed by such Guarantor hereunder.

Section 11.11. Keepwell.

Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally, and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its obligations under this Guaranty in respect of any Swap Obligation (provided that each Qualified ECP Guarantor shall only be liable under this Section 11.11 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 11.11, or otherwise under this Guaranty, voidable under applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section 11.11 shall remain in full force and effect until the payment in full and discharge of the Guaranteed Obligations. Each Qualified ECP Guarantor intends that this Section 11.11 constitute, and this Section 11.11 shall be deemed to constitute, a 「keepwell, support, or other agreement」 for the benefit of each other Guarantor for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

Section 11.12. No Marshalling.

Except to the extent required by applicable Law, neither the Administrative Agent nor any other Secured Party will be required to marshal any collateral securing, or any guaranties of, the Guaranteed Obligations, or to resort to any item of collateral or any guaranty in any particular order, and the Secured Parties’ rights with respect to any collateral and guaranties will be cumulative and in addition to all other rights, however existing or arising. To the extent permitted by applicable Law, the Guarantor irrevocably waives, and agrees that it will not invoke or assert, any Law requiring or relating to the marshalling of collateral or guaranties or any other Law which might cause a delay in or impede the enforcement of the Secured Parties’ rights under this guarantee or any other agreement.

Section 11.13. Election of Remedies.

Each Guarantor understands that the exercise by the Administrative Agent and the other Secured Parties of certain rights and remedies contained in the Loan Documents may affect or eliminate the Guarantor’s right of subrogation and reimbursement against the Loan Parties and that the Guarantor may therefore incur a partially or totally nonreimbursable liability under this guarantee. The Guarantors expressly authorize the Administrative Agent and the other Secured Parties to pursue their rights and remedies with respect to the Guaranteed Obligations in any order or fashion they deem appropriate, in their sole and absolute discretion, and waives any defense arising out of the absence, impairment, or loss of any or all rights of recourse, reimbursement, contribution, exoneration or subrogation or any other rights or remedies of the Guarantors against the Borrower, any other person or any security, whether resulting from any election of rights or remedies by the Administrative Agent or the other Secured Parties, or otherwise.

Section 11.14. Administrative Agent’s Duties.

The grant to the Administrative Agent under this guarantee of any right or power does not impose upon the Administrative Agent any duty to exercise that right or power.

Section 11.15. Guarantor Intent.

Without prejudice to the generality of Section 11.13, and subject to applicable Law restrictions, each Guarantor expressly confirms that it intends that this Guaranty shall extend from time to time to any (however fundamental) variation, increase, extension or addition of or to the Obligations, including for the purposes of or in connection with any of the following: business acquisitions of any nature; increasing working capital; enabling investor distributions to be made; carrying out restructurings; refinancing existing facilities; refinancing any other indebtedness; making facilities available to new borrowers; any other variation or extension of the purposes for which any such facility or amount might be made available from time to time; and any fees, costs and/or expenses associated with any of the foregoing.

Section 11.16. Joint and Several Liability .

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All Loans, upon funding, shall be deemed to be jointly funded to and received by the Borrowers. Each Borrower is jointly and severally liable under this Agreement for all Obligations, regardless of the manner or amount in which proceeds of Loans are used, allocated, shared or disbursed by or among the Borrowers themselves, or the manner in which any Lender or other Finance Party accounts for such Loans or other extensions of credit on its books and records. Each Borrower shall be liable for all amounts due to any Lender or other Finance Party from the Borrowers under this Agreement, regardless of which Borrower actually receives Loans or other extensions of credit hereunder or the amount of such Loans and extensions of credit received or the manner in which such Lender or other Finance Party accounts for such Loans or other extensions of credit on its books and records. Each Borrower’s Obligations with respect to Loans and other extensions of credit made to it, and such Borrower’s Obligations arising as a result of the joint and several liability of such Borrower hereunder with respect to Loans made to, and Letters of Credit issued for the account of, the other Borrowers hereunder shall be separate and distinct obligations, but all such Obligations shall be primary obligations of such Borrower. The Borrowers acknowledge and expressly agree with each Lender and other Finance Party that the joint and several liability of each Borrower is required solely as a condition to, and is given solely as inducement for and in consideration of, credit or accommodations extended or to be extended under the Loan Documents to any or all of the other Borrowers and is not required or given as a condition of extensions of credit to such Borrower. Each Borrower’s Obligations under this Agreement shall, to the fullest extent permitted by law, be unconditional irrespective of (i) the validity or enforceability, avoidance, or subordination of the Obligations of any other Borrower or of any promissory note or other document evidencing all or any part of the Obligations of any other Borrower, (ii) the absence of any attempt to collect the Obligations from any other Borrower, or any other security therefor, or the absence of any other action to enforce the same, (iii) the waiver, consent, extension, forbearance, or granting of any indulgence by an any Lender or other Finance Party with respect to any provision of any instrument evidencing the Obligations of any other Borrower, or any part thereof, or any other agreement executed as of the 2020 Amendment Effective Date or thereafter executed by any other Borrower and delivered to any Lender or other Finance Party, (iv) the failure by any Lender or other Finance Party to take any steps to perfect and maintain its security interest in, or to preserve its rights to, any security or collateral for the Obligations of any other Borrower, (v) any Lender’s or other Finance Party’s election, in any proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b)(2) of the Bankruptcy Code, (vi) any borrowing or grant of a security interest by any other Borrower, as debtor-in-possession under Section 364 of the Bankruptcy Code, (vii) the disallowance of all or any portion of any Lender’s or other Finance Party’s claim(s) for the repayment of the Obligations of any other Borrower under Section 502 of the Bankruptcy Code, or (viii) any other circumstances which might constitute a legal or equitable discharge or defense of a Guarantor or of any other Borrower. With respect to any Borrower’s Obligations arising as a result of the joint and several liability of the Borrowers hereunder with respect to any Loans or other extensions of credit made to any of the other Borrowers hereunder, such Borrower waives, until the Obligations shall have been paid in full and this Agreement shall have been terminated, any right to enforce any right of subrogation or any remedy which any Lender or other Finance Party had as of the 2020 Amendment Effective Date or may have thereafter against any other Borrower, any endorser or any guarantor of all or any part of the Obligations, and any benefit of, and any right to participate in, any security or collateral given to any Lender or other Finance Party to secure payment of the Obligations or any other liability of any Borrower to any Lender or other Finance Party. Upon any Event of Default, the Finance Parties may proceed directly and at once, without notice, against any Borrower to collect and recover the full amount, or any portion of the Obligations, without first proceeding against any other Borrower or any other Person, or against any security or collateral for the Obligations. Each Borrower consents and agrees that the Finance Parties shall be under no obligation to marshal any assets in favor of any Borrower or against or in payment of any or all of the Obligations. Notwithstanding anything to the contrary in the foregoing, none of the foregoing provisions of this Section 11.16 shall apply to any Person released from its Obligations as a Borrower in accordance with this Agreement.

Section 11.17. Acknowledgement Regarding any Supported QFCs.

To the extent that any Loan Documents provide support, through a guarantee or otherwise, for any Secured Hedge Agreement 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 power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform 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

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and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

(a) 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.

(b) As used in this Section 11.17, the following terms have the following meanings:

“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.

“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);

(iii) a 「covered FSI」 as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

“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.

“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).

[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.

C&W SENIOR SECURED PARENT LIMITED,
as the Company and a Guarantor

By:

Name:

Title:

SABLE INTERNATIONAL FINANCE LIMITED,
as the Original Borrower

By:

Name:

Title:

CORAL-US CO-BORROWER,
as the Original Co-Borrower

By:

Name:

Title:

SABLE HOLDING LIMITED,
as a Guarantor

By:

Name:

Title:

CWIGROUP LIMITED,
as a Guarantor

By:

Name:

Title:

[Signature Page to Amended and Restated Credit Agreement]

COLUMBUS INTERNATIONAL INC.,
as a Guarantor

By:

Name:

Title:

CABLE AND WIRELESS (WEST INDIES) LIMITED,
as a Guarantor

By:

Name:

Title:

THE BANK OF NOVA SCOTIA,
as a Revolving Credit Lender

By:

Name:

Title:

THE BANK OF NOVA SCOTIA,
as L/C Issuer

By:

Name:

Title:

THE BANK OF NOVA SCOTIA,
as Swing Line Lender

By:

Name:

Title:

THE BANK OF NOVA SCOTIA,
as Administrative Agent

[Signature Page to Amended and Restated Credit Agreement]

By:

Name:

Title:

THE BANK OF NOVA SCOTIA,
as Security Trustee

By:

Name:

Title:

[Signature Page to Amended and Restated Credit Agreement]

ANNEX 1
ADDITIONAL DEFINITIONS

Unless otherwise specified herein, (1) references in this Annex I to sections of Articles 4 or 5 are to those sections of Annex II and (2) defined terms used in this Annex I shall bear the meanings given to them in this Annex I or as otherwise given to them in Section 1.01 of this Agreement.

“2015 Columbus Acquisition” refers to the acquisition on March 31, 2015 of the Columbus Group by C&W Communications and its subsidiaries.

“2015 Columbus Carve-Out” means the transfer of the Columbus Carve-Out Entities and the Columbus Carve-Out Receivable from Columbus Networks Limited to the Columbus SPV Transferee pending receipt of the regulatory approval from the FCC, in connection with the 2015 Columbus Acquisition.

“2016 Liberty Acquisition” means the acquisition by Liberty Global, directly or indirectly, of Cable & Wireless Communications Limited.

“2016 Transactions” means (1) the 2016 Liberty Acquisition, (2) a cross-border merger between Cable & Wireless Communications Limited with LG Coral Mergerco Limited, LGE Coral Mergerco B.V. with certain subsidiaries of the Ultimate Parent and the formation of C&W Communications, a new company under the Companies (Cross-Border Mergers) Regulations 2007 (UK), in each case, in connection with the 2016 Liberty Acquisition, (3) the payment of the Special Dividend and/or the making of any intercompany loans, distributions or contributions by LGE Coral Holdco Limited (or another subsidiary of the Ultimate Parent) to C&W Communications to the fund the payment of the Special Dividend, (4) the making of any dividend, loan or other investment to a Parent in an aggregate principal amount necessary to prepay any borrowings under the interim credit agreement dated as of November 16, 2015 by and among LGE Coral Holdco Limited and the lenders party thereto (as amended from time to time), (5) any transaction required pursuant to, or in connection with, clauses (1), (2), (3) or (4) above (including, without limitation, any transaction taken pursuant to the C&W Co-operation Agreement or pursuant to any agreement with or condition set by any antitrust or regulatory authority) and (6) the payment of fees, costs, expenses in connection with the above.

“Acquired Indebtedness” means Indebtedness (1) of a Person or any of its Subsidiaries existing at the time such Person becomes a Restricted Subsidiary or (2) assumed in connection with the acquisition of assets from such Person, in each case whether or not Incurred by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary or such acquisition. Acquired Indebtedness shall be deemed to have been Incurred, with respect to clause (1) of the preceding sentence, on the date such Person becomes a Restricted Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such acquisition of assets.

“Additional Intercreditor Agreement” has the meaning set forth in Section 4.23(b).

“Additional Assets” means:

(1) any property or assets (other than Indebtedness and Capital Stock) to be used by the Company, the Affiliate Issuer or a Restricted Subsidiary in a Related Business or are otherwise useful in a Related Business (it being understood that capital expenditure on property or assets already used in a Related Business or to replace any property or assets that are the subject of such Asset Disposition or any operating expenses Incurred in the day-to-day operations of a Related Business shall be deemed an Investment in Additional Assets);

(2) the Capital Stock of a Person that is engaged in a Related Business and becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Company, the Affiliate Issuer or a Restricted Subsidiary; or

(3) Capital Stock constituting a minority interest in any Person that at such time is a Restricted Subsidiary.

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142147553_5

“Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, 「control」 when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms 「controlling」 and 「controlled」 have meanings correlative to the foregoing.

“Approved Jurisdiction” means any of the following: any member state of the European Union that is a member of the European Union on the Amendment Effective Date, Barbados, Bermuda, the Cayman Islands, England and Wales, the Netherlands, the United States of America, any State of the United States of America or the District of Columbia.

“Approved Key Jurisdiction” means any of the following: Barbados, Belgium, Bermuda, the Cayman Islands, England and Wales, Ireland, Luxembourg, the Netherlands, the United States of America, any State of the United States of America or the District of Columbia.

“Asset Disposition” means any direct or indirect sale, lease (other than an operating lease entered into in the ordinary course of business), transfer, issuance or other disposition, or a series of related sales, leases (other than an operating lease entered into in the ordinary course of business), transfers, issuances or dispositions that are part of a common plan, of shares of Capital Stock of a Subsidiary (other than directors’ qualifying shares or shares required by applicable Law to be held by a Person other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary), property or other assets (each referred to for the purposes of this definition as a “disposition”) by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction.

Notwithstanding the preceding, the following items shall not be deemed to be an Asset Disposition:

(1) a disposition by a Restricted Subsidiary to the Company or a Permitted Affiliate Parent, by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (other than a Receivables Entity) to a Restricted Subsidiary, by the Company to a Permitted Affiliate Parent or by a Permitted Affiliate Parent to the Company;

(2) the sale or disposition of cash, Cash Equivalents or Investment Grade Securities in the ordinary course of business;

(3) a disposition of inventory, equipment, trading stock, communications capacity or other assets in the ordinary course of business;

(4) a sale, lease, transfer or other disposition, or a series of related sales, leases, transfers, issuances or dispositions that are part of a common plan, of obsolete, surplus or worn out equipment or other equipment and assets that are no longer useful in the conduct of the business of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries;

(5) transactions permitted under Section 5.01 or a transaction that constitutes a Change of Control;

(6) an issuance of Capital Stock or other securities by a Restricted Subsidiary to the Company, a Permitted Affiliate Parent or to another Restricted Subsidiary;

(7) (a) for purposes of Section 4.10 only, the making of a Permitted Investment or a disposition permitted to be made under Section 4.07 or (b) solely for the purpose of Section 4.10(a)(3), a disposition, the proceeds of which are used to make Restricted Payments permitted to be made under Section 4.07 or Permitted Investments;

(8) dispositions of assets of the Company, any Permitted Affiliate Parent or any Restricted Subsidiary, or the issuance or sale of Capital Stock of any Restricted Subsidiary in a single transaction or series of related transactions with an aggregate fair market value in any calendar

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year of less than the greater of $200.0 million and 3.0% of Total Assets (with unused amounts in any calendar year being carried over to the next succeeding year subject to a maximum of the greater of $200.0 million and 3.0% of Total Assets of carried over amounts for any calendar year);

(9) dispositions in connection with Permitted Liens;

(10) dispositions of Receivables or related assets in connection with the compromise, settlement or collection thereof in the ordinary course of business or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements;

(11) the assignment, licensing or sublicensing of intellectual property or other general intangibles and assignments, licenses, sublicenses, leases or subleases of spectrum or other property;

(12) foreclosure, condemnation or similar action with respect to any property, securities, or other assets;

(13) the sale or discount (with or without recourse, and on customary or commercially reasonable terms) of Receivables arising in the ordinary course of business, or the conversion or exchange of accounts receivable for notes receivable;

(14) sales of accounts receivable and related assets or an interest therein of the type specified in the definition of 「Qualified Receivables Transaction」 to a Receivables Entity, and Investments in a Receivables Entity consisting of cash or Securitization Obligations;

(15) a transfer of Receivables and related assets of the type specified in the definition of 「Qualified Receivables Transaction」 (or a fractional undivided interest therein) by a Receivables Entity in a Qualified Receivables Transaction;

(16) any disposition of Capital Stock, Indebtedness or other securities of an Unrestricted Subsidiary;

(17) any disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired or from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), made as part of such acquisition and in each case comprising all or a portion of the consideration in respect of such sale or acquisition;

(18) any surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other claims of any kind;

(19) (a) disposals of assets, rights or revenue not constituting part of the Distribution Business of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries and (b) other disposals of non-core assets acquired in connection with any acquisition permitted under this Agreement;

(20) any disposition or expropriation of assets or Capital Stock which the Company, a Permitted Affiliate Parent or any Restricted Subsidiary is required by, or made in response to concerns raised by, a regulatory authority or court of competent jurisdiction including, for the avoidance of doubt, any such disposition or expropriation of Capital Stock or assets of Telecommunications Services of Trinidad and Tobago or TSTT HoldCo required by, or made in response to, concerns raised by any such regulatory authority in connection with the 2015 Columbus Acquisition or the 2016 Transactions;

(21) any disposition of other interests in other entities in an amount not to exceed $10.0 million;

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(22) any disposition of real property; provided that the fair market value of the real property disposed of in any calendar year does not exceed the greater of $200.0 million and 3.0% of Total Assets (with unused amounts in any calendar year being carried over to the next succeeding year, subject to a maximum of the greater of $200.0 million and 3.0% of Total Assets of carried over amounts for any calendar year);

(23) any disposition of assets to a Person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary to such Person;

(24) any disposition of Investments in joint ventures to the extent required by, or made pursuant to, customary buy/sell arrangements between the joint venture parties set forth in joint venture arrangements and similar binding agreements; provided that any cash or Cash Equivalents received in such disposition is applied in accordance with Section 2.05(b)(i) of this Agreement;

(25) any sale or disposition with respect to property built, repaired, improved, owned or otherwise acquired by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary pursuant to customary sale and lease-back transactions, asset securitizations and other similar financings permitted by this Agreement;

(26) any disposition of Capital Stock or assets of Telecommunications Services of Trinidad and Tobago or TSTT HoldCo;

(27) contractual arrangements under long-term contracts with customers entered into by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary in the ordinary course of business which are treated as sales for accounting purposes; provided that there is no transfer of title in connection with such contractual arrangement;

(28) any disposition reasonably required in connection with the Spin-Off (including any transfer of assets to Affiliates of the Company, any Permitted Affiliate Parent and any Restricted Subsidiary prior to the completion of any Spin-Off);

(29) the sale or disposition of the Towers Assets;

(30) any dispositions constituting the surrender of tax losses by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (A) to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary; (B) to the Ultimate Parent or any of its Subsidiaries (other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary); or (C) in order to eliminate, satisfy or discharge any tax liability of any Person that was formerly a Subsidiary of the Ultimate Parent which has been disposed of pursuant to which a disposal permitted by the terms of this Agreement, to the extent that the Company, a Permitted Affiliate Parent or a Restricted Subsidiary would have a liability (in the form of an indemnification obligation or otherwise) to one or more Persons in relation to such tax liability if not so eliminated, satisfied or discharged; and

(31) any other disposition of assets comprising in aggregate percentage value of 10.0% or less of Total Assets.

In the event that a transaction (or any portion thereof) meets the criteria of a disposition permitted under clauses (1) through (31) above and would also be a Restricted Payment permitted to be made under Section 4.07 or a Permitted Investment, the Company, in its sole discretion, will be entitled to divide and classify such transaction (or a portion thereof) as a disposition permitted under clauses (1) through (31) above and/or one or more of the types of Restricted Payments permitted to be made under Section 4.07 or Permitted Investments.

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“Bank Products” means (1) any facilities or services related to cash management, cash pooling, treasury, depository, overdraft, commodity trading or brokerage accounts, credit or debit card, p-cards (including purchasing cards or commercial cards), electronic funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade financial services or other cash management and cash pooling arrangements and (2) daylight exposures of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in respect of banking and treasury arrangements entered into in the ordinary course of business.

“beneficial owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular 「person」 (as that term is used in Section 13(d)(3) of the Exchange Act), such 「person」 will be deemed to have beneficial ownership of all securities that such 「person」 has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of time. The terms 「beneficially held」, 「beneficially holding」 and 「beneficial ownership」 have a corresponding meaning.

“Board of Directors” means, as to any Person, the board of directors of such Person or any duly authorized committee thereof; provided that (i) if and for so long as the Company or a Permitted Affiliate Parent is a Subsidiary of the Ultimate Parent, any action required to be taken under this Agreement by the Board of Directors of the Company or a Permitted Affiliate Parent can, in the alternative, at the option of the Company or such Permitted Affiliate Parent, be taken by the Board of Directors of the Ultimate Parent and (ii) following consummation of a Spin-Off, any action required to be taken under this Agreement by the Board of Directors of the Company or a Permitted Affiliate Parent can, in the alternative, at the option of the Company or such Permitted Affiliate Parent, be taken by the Board of Directors of the Spin Parent.

“Business Division Transaction” means any creation of or participation in any joint venture with respect to any assets, undertakings and/or businesses of the Company, any Permitted Affiliate Parent or any Restricted Subsidiary which comprise all or part of the Company’s, any Permitted Affiliate Parent’s or any Restricted Subsidiary’s business solutions division (or its predecessor or successors), to or with any other entity or person whether or not the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, excluding the contribution to (but not the use by) any joint venture of the backbone assets utilized by the Company, any Permitted Affiliate Parent or any Restricted Subsidiary and excluding any Subsidiary included in or owned by the Company’s, a Permitted Affiliate Parent’s or any Restricted Subsidiary’s business solutions division but not engaged in the business of that division.

“C&W Communications” means Cable & Wireless Communications Limited (successor by merger to Cable & Wireless Communications plc) and any and all successors thereto.

“C&W Co-operation Agreement” means the cooperation agreement dated November 16, 2015 between Liberty Global and C&W Communications.

“C&W Parent” means Cable & Wireless Limited; provided that (1) following the Permitted Affiliate Group Designation Date, 「C&W Parent」 will mean a Holding Company of the Company and each Permitted Affiliate Parent and such Holding Company’s successors, (2) upon consummation of the Post-Closing Reorganization, 「C&W Parent」 will mean New Holdco and its successors and (3) upon consummation of any Spin-Off in which C&W Communications is no longer a Parent of the Company and any Permitted Affiliate Parent, 「C&W Parent」 will mean a Parent of the Company (or if a Permitted Affiliate Group Designation Date has occurred, a Holding Company of the Company and each Permitted Affiliate Parent) designated by the Company and any successor of such Parent or Holding Company, as applicable.

“Cable & Wireless Supplemental Pension Scheme” means the scheme established under and in accordance with the trust deed and rules dated June 8, 2001 to which Cable & Wireless Limited and the Law Debenture Trust Corporation PLC were parties, as amended, amended and restated, modified or replaced from time to time, including, for the avoidance of doubt, by way of a side letter.

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“Capital Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participation or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

“Capitalized Lease Obligation” means an obligation that is required to be classified and accounted for as a capitalized lease for financial reporting purposes in accordance with GAAP. The amount of Indebtedness represented by such obligation will be the capitalized amount of such obligation at the time any determination thereof is to be made as determined in accordance with GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date such lease may be terminated without penalty.

“Cash Equivalents” means:

(1) securities or obligations issued, insured or unconditionally guaranteed by the United States government, the government of the United Kingdom, the relevant member state of the European Union as of January 1, 2004 (each, a “Qualified Country”) or any agency or instrumentality thereof, in each case having maturities of not more than 24 months from the date of acquisition thereof;

(2) securities or obligations issued by any Qualified Country, or any political subdivision of any such Qualified Country, or any public instrumentality thereof, having maturities of not more than 24 months from the date of acquisition thereof and, at the time of acquisition, having an investment grade rating generally obtainable from either S&P or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, then from another nationally recognized rating service in any Qualified Country);

(3) commercial paper issued by any lender party to a Credit Facility or any bank holding company owning any lender party to a Credit Facility;

(4) commercial paper maturing no more than 12 months after the date of acquisition thereof and, at the time of acquisition, having a rating of at least A-2 or P-2 from either S&P or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized rating service in any Qualified Country);

(5) time deposits, eurodollar time deposits, bank deposits, certificates of deposit or bankers’ acceptances maturing no more than two years after the date of acquisition thereof issued by any lender party to a Credit Facility or any other bank or trust company (x) having combined capital and surplus of not less than $250.0 million in the case of U.S. banks and $100.0 million (or the Dollar Equivalent thereof) in the case of non-U.S. banks or (y) the long-term debt of which is rated at the time of acquisition thereof at least 「A-」 or the equivalent thereof by Standard & Poor’s Ratings Services, or 「A-」 or the equivalent thereof by Moody’s Investors Service, Inc. (or if at the time neither is issuing comparable ratings, then a comparable rating of another nationally recognized rating agency in any Qualified Country);

(6) auction rate securities rated at least Aa3 by Moody’s and AA- by S&P (or, if at any time either S&P or Moody’s shall not be rating such obligations, an equivalent rating from another nationally recognized rating service);

(7) repurchase agreements or obligations with a term of not more than 30 days for underlying securities of the types described in clauses (1), (2) and (5) above entered into with any bank meeting the qualifications specified in clause (5) above or securities dealers of recognized national standing;

(8) marketable short-term money market and similar funds (x) either having assets in excess of $250.0 million (or the Dollar Equivalent thereof) or (y) having a rating of at least A-2 or P-2 from either S&P or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such

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obligations, an equivalent rating from another nationally recognized rating service in any Qualified Country);

(9) interests in investment companies or money market funds, 95% the investments of which are one or more of the types of assets or instruments described in clauses (1) through (8) above;

(10) any other investments used by the Company, any Permitted Affiliate Parent or the Restricted Subsidiaries as temporary investments permitted by the Administrative Agent in writing in its sole discretion; and

(11) in the case of investments by the Company, any Permitted Affiliate Parent or any Restricted Subsidiary organized or located in a jurisdiction other than the United States or a member state of the European Union (or any political subdivision or territory thereof), or in the case of investments made in a country outside the United States, other customarily utilized high-quality investments in the country where such Restricted Subsidiary is organized or located or in which such Investment is made, all as conclusively determined in good faith by the Company or a Permitted Affiliate Parent;

provided that bank deposits and short term investments in local currency of any Restricted Subsidiary shall qualify as Cash Equivalents as long as the aggregate amount thereof does not exceed the amount reasonably estimated by such Restricted Subsidiary as being necessary to finance the operations, including capital expenditures, of such Restricted Subsidiary for the succeeding 90 days.

“CFA” means the Contingent Funding Agreement dated February 3, 2010 among the Company, the Original Borrower and Cable & Wireless Pension Trustee Limited, as amended, amended and restated, modified or replaced from time to time, including, for the avoidance of doubt, by way of a side letter.

“Change of Control” means:

(1) C&W Parent (a) ceases to be the 「beneficial owner」 (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Company or any Permitted Affiliate Parent, or (b) ceases, by virtue of any powers conferred by the articles of association or other documents regulating the Company or any Permitted Affiliate Parent to, directly or indirectly, direct or cause the direction of management and policies of the Company or any Permitted Affiliate Parent, as applicable; or

(2) the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation) in one or a series of related transactions, of all or substantially all of the assets of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries taken as a whole to any 「person」 (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) other than a Permitted Holder; or

(3) any Borrower ceases to be a Wholly-Owned Subsidiary of the Company; or

(4) the Company ceases to be a Wholly-Owned Subsidiary of the direct Holding Company of the Company; or

(5) the adoption by the stockholders of the Company or any Permitted Affiliate Parent of a plan or proposal for the liquidation or dissolution of the Company or any Permitted Affiliate Parent, other than a transaction complying with Section 5.01;

provided that a Change of Control shall not be deemed to have occurred pursuant to (i) clause (1) of this definition upon the consummation of the Post-Closing Reorganization, a Permitted Tax Reorganization or a Spin-Off or (ii) this definition solely as a result of the resignation and/or release of any Borrower or Permitted Affiliate Parent in accordance with the terms of this Agreement.

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“Columbus Carve-Out Entities” refers, collectively, to ARCOS-1 USA, Inc., Columbus Networks Puerto Rico, Inc., Columbus Networks USA, Inc., A. SUR Net, Inc., and Columbus Networks Telecommunications Services USA, Inc.

“Columbus Carve-Out Receivable” means the intra-group debt owned by ARCOS-1 USA, Inc. to Columbus Networks Limited.

“Columbus Group” means Columbus International and all of its Subsidiaries.

“Columbus International” means Columbus International Inc., and any successor thereto.

“Columbus Principal Vendors” refers collectively to CVBI Holdings (Barbados) Inc., Clearwater Holdings (Barbados) Limited, Brendan Paddick, and Columbus Holdings LLC.

“Columbus SPV Transferee” means the special purpose vehicle indirectly wholly owned by certain of the Columbus Principal Vendors.

“Commodity Agreements” means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

“Common Stock” means, with respect to any Person, any and all shares, interests or other participations in, and other equivalents (however designated and whether voting or nonvoting) of such Person’s common stock whether or not outstanding on the Amendment Effective Date, and includes, without limitation, all series and classes of such common stock.

“Consolidated EBITDA” means, for any period, operating income (loss) determined on the basis of GAAP of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on a Consolidated basis, plus, without duplication, at the option of the Company or a Permitted Affiliate Parent (except with respect to clauses (1) and (2) below), the following (to the extent deducted or taken into account, as the case may be, for the purposes of determining operating income (loss), other than in respect of clause (20)(b) below):

(1) Consolidated depreciation expense;

(2) Consolidated amortization expense;

(3) stock based compensation expense;

(4) other non-cash charges reducing operating income (provided that if any such non-cash charge represents an accrual of or reserve for potential cash charges in any future period, the cash payment in respect thereof in such future period shall reduce operating income to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period) less other non-cash items of income increasing operating income (excluding any such non-cash item of income to the extent it represents (a) a receipt of cash payments in any future period, (b) the reversal of an accrual or reserve for a potential cash item that reduced operating income in any prior period and (c) any non-cash gains with respect to cash actually received in a prior period so long as such cash did not increase operating income in such prior period);

(5) any extraordinary, one-off, non-recurring, exceptional or unusual gain, loss, expense or charge, including any charges or reserves in respect of any restructuring, redundancy, relocation, refinancing, integration or severance or other post-employment arrangements, signing, retention or completion bonuses, transaction costs, acquisition costs, disposition costs, business optimization, information technology implementation or development costs, costs related to governmental investigations and curtailments or modifications to pension or post-retirement benefits schemes, litigation or any asset impairment charges or the financial

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impacts of natural disasters (including fire, earthquake, flood, hurricane and storm and related events);

(6) effects of adjustments (including the effects of such adjustments pushed down to such Person and its Restricted Subsidiaries) in such Person’s Consolidated financial statements pursuant to GAAP (including inventory, property, equipment, software, goodwill, intangible assets, in process research and development, deferred revenue and debt line items) attributable to the application of recapitalization accounting or acquisition accounting, as the case may be, in relation to any consummated acquisition or joint venture investment or the amortization or write-off or write-down of amounts thereof, net of taxes;

(7) any net gain (or loss) realized upon the sale, held for sale or other disposition of any asset or disposed operations of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary which is not sold or otherwise disposed of in the ordinary course of business (as determined conclusively in good faith by the Board of Directors, senior management or an Officer of the Company or a Permitted Affiliate Parent);

(8) the amount of Management Fees and other fees and related expenses (including Intra-Group Services) paid in such period to the Permitted Holders to the extent permitted by Section 4.11;

(9) any reasonable expenses, charges or other costs to effect or consummate the Transactions, a Permitted Joint Venture, any Equity Offering, Permitted Investment, any transaction permitted under Section 4.11, acquisition, disposition, recapitalization or the Incurrence of any Indebtedness permitted by this Agreement, in each case, as determined conclusively in good faith by the Board of Directors, senior management or an Officer of the Company or a Permitted Affiliate Parent;

(10) any adjustments to reduce the impact of the cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting principles or policies;

(11) (a) the amount of loss on the sale or transfer of any assets in connection with an asset securitization programme, Receivables factoring transaction or other Receivables transaction (including, without limitation, a Qualified Receivables Transaction) and/or (b) any gross margin (revenue minus cost of goods sold) recognized by any Affiliate of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary in relation to the sale of goods and services relating to the business of the Company, any Permitted Affiliate Parent or any Restricted Subsidiary;

(12) Specified Legal Expenses;

(13) an amount equal to 100% of the up-front installation fees associated with commercial contract installations completed during the applicable reporting period, less any portion of such fees included in operating income for such period; provided that the amount of such fees, to the extent amortized over the life of the underlying service contract, shall not be included in operating income in any future period;

(14) any fees or other amounts charged or credited to the Company, a Permitted Affiliate Parent or any Restricted Subsidiary related to Intra-Group Services may be excluded from the calculation of Consolidated EBITDA;

(15) any charges or costs in relation to any long-term incentive plan and any interest component of pension or post-retirement benefits schemes;

(16) after reversing net other operating income or expense;

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(17) Receivables Fees;

(18) any costs, charges, fees and related expenses in connection with programming rights that would be accounted for as intangible assets under GAAP;

(19) any taxes, assessments, levies or other governmental charges that are based, in whole or in part, on income measures; and

(20) (a) any expense to the extent covered by liability, casualty events or business interruption insurance or indemnity, or Parametric Cover, and actually reimbursed or paid out or with respect to which the Company, a Permitted Affiliate Parent or any Restricted Subsidiary has made a determination that a reasonable basis exists for indemnification, reimbursement or pay-out, but only to the extent that such amount is in fact indemnified, reimbursed or paid out within the next four fiscal quarters following such determination (collectively, “Business Interruption Receipts”) (with a deduction in calculating Consolidated EBITDA in the applicable future period of any amount so added back in any prior period to the extent not so indemnified or reimbursed within such four fiscal quarters) and (b) to the extent not otherwise included in operating income and without duplication of amounts included under clause (a) above, the amount of proceeds of business interruption or Parametric Cover in an amount representing the earnings for the applicable period that such proceeds are intended to replace (whether or not then received) so long as the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in good faith expects to receive such proceeds within the next four fiscal quarters (collectively, “Business Interruption Expected Proceeds”, and together with Business Interruption Receipts, the “Business Interruption Addback”) (it being understood that (i) to the extent not actually received within such four fiscal quarters, such amount shall be deducted in calculating Consolidated EBITDA for such future period and (ii) there shall be no double counting of amounts included in calculating Consolidated EBITDA as Business Interruption Expected Proceeds which are subsequently received in such future period as Business Interruption Receipts); provided that for the avoidance of doubt, for any period, there shall be no double counting of any amount included in calculating Consolidated EBITDA as a Business Interruption Addback and as an addback pursuant to clause (5) of this definition of Consolidated EBITDA.

For the purposes of determining the amount of Consolidated EBITDA of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries under this definition which is denominated in a foreign currency, the Company or a Permitted Affiliate Parent may, at its option, calculate the Dollar Equivalent amount of such Consolidated EBITDA based on either (i) the weighted average exchange rates for the relevant period used in the Consolidated financial statements of the Reporting Entity for such relevant period or (ii) the relevant currency exchange rate in effect on November 16, 2015.

“Consolidated Interest Expense” means, for any period, the net interest income/expense of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on a Consolidated basis (in each case, determined on the basis of GAAP), whether paid or accrued, including any such interest and charges consisting of:

(1) interest expense attributable to Capitalized Lease Obligations;

(2) non-cash interest expense;

(3) dividends or other distributions in respect of all Disqualified Stock of the Company or a Permitted Affiliate Parent and all Preferred Stock of any Restricted Subsidiary, to the extent held by Persons other than the Company, a Permitted Affiliate Parent or a Subsidiary of the Company or a Permitted Affiliate Parent;

(4) the Consolidated interest expense that was capitalized during such period; and

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(5) interest actually paid by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, under any guarantee of Indebtedness or other obligation of any other Person.

Notwithstanding the foregoing, Consolidated Interest Expense shall not include (a) any interest accrued, capitalized or paid in respect of Subordinated Shareholder Loans, (b) any commissions, discounts, yield and other fees and charges related to Qualified Receivables Transactions, (c) any payments on any operating leases, including without limitation any payments on any lease, concession or license of property (or guarantee thereof) which would be considered an operating lease under GAAP, (d) any foreign currency gains or losses, (e) any pension liability cost, (f) any amortization of debt discount, debt issuance cost, charges and premium, (g) costs and charges associated with Hedging Obligations and (h) any interest, costs and charges contained in clause (3) of this definition.

“Consolidated Net Leverage Ratio”, as of any date of determination, means the ratio of:

(1) (a) the outstanding Indebtedness of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on a Consolidated basis as of such date and the Reserved Indebtedness Amount (to the extent applicable) as of such date, other than:

(i) Indebtedness up to a maximum amount equal to the Credit Facility Excluded Amount (or its equivalent in other currencies) at the date of determination Incurred under any Permitted Credit Facility;

(ii) any Subordinated Shareholder Loans;

(iii) any Indebtedness Incurred pursuant to Section 4.09(b)(25);

(iv) any Indebtedness arising under the Production Facilities to the extent that it is limited recourse to the assets funded by such Production Facilities; and

(v) any Indebtedness which is a contingent obligation of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary; provided that any guarantee by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary of Indebtedness of any Parent shall be included for the purposes of calculating the Consolidated Net Leverage Ratio under Section 4.09(a)(1), Section 4.09(b)(6)(A), Section 4.09(b)(6)(B) and Section 4.09(b)(15);

less

(b) the aggregate amount of cash and Cash Equivalents of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on a Consolidated basis, to

(2) the Pro forma EBITDA for the Test Period,

provided that the pro forma calculation of the Consolidated Net Leverage Ratio shall not give effect to (a) any Indebtedness Incurred on the date of determination pursuant to Section 4.09(b), (b) the discharge on the date of determination of any Indebtedness to the extent that such discharge results from the proceeds Incurred pursuant to Section 4.09(b) or (c) any cash and Cash Equivalents represented by Escrowed Proceeds of Indebtedness described in the first proviso to the definition of 「Indebtedness」.

For the avoidance of doubt, in determining the Consolidated Net Leverage Ratio, (i) no cash or Cash Equivalents shall be included that are the proceeds of Indebtedness in respect of which the calculation of the Consolidated Net Leverage Ratio is to be made and (ii) the Consolidated EBITDA and all outstanding Indebtedness of any company, business division or other assets to be acquired or disposed of pursuant to a signed purchase agreement (which may be subject to one or more conditions precedent) may be given pro forma effect.

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“Consolidated Senior Secured Net Leverage Ratio”, as of any date of determination, means the ratio of:

(1) (a) the outstanding Senior Secured Indebtedness of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on a Consolidated basis as of such date and the Reserved Indebtedness Amount (to the extent applicable) as of such date, other than:

(i) Senior Secured Indebtedness up to a maximum amount equal to the Credit Facility Excluded Amount (or its equivalent in other currencies) at the date of determination Incurred under any Permitted Credit Facility;

(ii) Senior Secured Indebtedness Incurred pursuant to Section 4.09(b)(25); and

(iii) any Senior Secured Indebtedness which is a contingent obligation of the Company, any Permitted Affiliate Parent or a Restricted Subsidiary;

less

(b) the aggregate amount of cash and Cash Equivalents of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on a Consolidated basis, to

(2) the Pro forma EBITDA for the Test Period,

provided that the pro forma calculation of the Consolidated Senior Secured Net Leverage Ratio shall not give effect to (a) any Indebtedness Incurred on the date of determination pursuant to Section 4.09(b), (b) the discharge on the date of determination of any Indebtedness to the extent that such discharge results from the proceeds Incurred pursuant to Section 4.09(b) or (c) any cash and Cash Equivalents represented by Escrowed Proceeds of Indebtedness described in the first proviso to the definition of 「Indebtedness」.

For the avoidance of doubt, in determining the Consolidated Senior Secured Net Leverage Ratio, (i) no cash or Cash Equivalents shall be included that are the proceeds of Indebtedness in respect of which the calculation of the Consolidated Net Leverage Ratio is to be made and (ii) the Consolidated EBITDA and all outstanding Indebtedness of any company, business division or other assets to be acquired or disposed of pursuant to a signed purchase agreement (which may be subject to one or more conditions precedent) may be given pro forma effect.

“Consolidation” means the consolidation or combination of the accounts of each of the Company’s Restricted Subsidiaries (excluding the Affiliate Subsidiaries) with those of the Company and each of a Permitted Affiliate Parent’s Restricted Subsidiaries (excluding the Affiliate Subsidiaries) with those of such Permitted Affiliate Parent, in each case, in accordance with GAAP consistently applied and together with the accounts of the Affiliate Subsidiaries on a combined basis (including eliminations of intercompany transactions and balances, as appropriate); provided that for the purposes of making any determination or calculation under this Agreement (other than with respect to any determination or calculation of Total Assets) that refers to 「Consolidated」 or 「Consolidation」, the relevant measures being consolidated or combined shall (without duplication) (1) be reduced proportionately to reflect any Non-Controlling Interests, and to the extent that, since the beginning of the relevant period, the Company’s or a Permitted Affiliate Parent’s proportionate interest in any direct or indirect Restricted Subsidiary has decreased as at the date of determination or calculation, such measures shall be reduced by an amount proportionate to such reduction as if such reduction occurred on the first day of such period (and in the event of an increase, shall be increased by an amount proportionate to such increase) and (2) be deemed to include the relevant measures of any Minority Investments to the extent of the Company’s, a Permitted Affiliate Parent’s or a Restricted Subsidiary’s proportionate interest in such Person, and to the extent that, since the beginning of the relevant period, the Company’s, a Permitted Affiliate Parent’s or a Restricted Subsidiary’s proportionate interest in any such Person has decreased as at the date of determination or calculation, such measures shall be reduced by an amount proportionate to such reduction as if such reduction occurred on the first day of such period (and in the event of an increase, shall be increased by an amount proportionate to such increase); provided, further, that 「Consolidation」 will not include (a) consolidation or combination of the accounts of any Unrestricted Subsidiary, but the interest of the Company, any Permitted

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Affiliate Parent or any Restricted Subsidiary in an Unrestricted Subsidiary will be accounted for as an investment, (b) at the Company’s or a Permitted Affiliate Parent’s election, any Receivables Entities and (c) at the Company’s or a Permitted Affiliate Parent’s election, any Minority Investment, any Restricted Subsidiary or other assets in any Person held for sale in accordance with GAAP. The term 「Consolidated」 has a correlative meaning.

“Content” means any rights to broadcast, transmit, distribute or otherwise make available for viewing, exhibition or reception (whether in analogue or digital format and whether as a channel or an internet service, a teletext-type service, an interactive service, or an enhanced television service or any part of any of the foregoing, or on a pay-per-view basis, or near video-on-demand, or video-on-demand basis or otherwise) any one or more of audio and/or visual images, audio content, or interactive content (including hyperlinks, re-purposed web-site content, database content plus associated templates, formatting information and other data including any interactive applications or functionality), text, data, graphics, or other content, by means of any means of distribution, transmission or delivery system or technology (whether now known or herein after invented).

“Content Transaction” means any sale, transfer, demerger, contribution, spin-off or distribution of, any creation or participation in any joint venture and/or entering into any other transaction or taking any action with respect to, in each case, any assets, undertakings and/or businesses of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary which comprise all or part of the Content business (or its predecessor or successors) of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, to or with any other entity or person whether or not the Company, a Permitted Affiliate Parent or any Restricted Subsidiary.

“Credit Facility” means, one or more debt facilities, arrangements, instruments, trust deeds, note purchase agreements, indentures, commercial paper facilities or overdraft facilities (including, without limitation, the Facilities, any Permitted Credit Facility or any Production Facility) with banks or other institutions or investors providing for revolving credit loans, term loans, Receivables financing (including through the sale of Receivables to such institutions or to special purpose entities formed to borrow from such institutions against such Receivables), letters of credit, notes, bonds, debentures or other Indebtedness, in each case, as amended, restated, modified, renewed, refunded, replaced, restructured, refinanced, repaid, increased or extended in whole or in part from time to time (and whether in whole or in part and whether or not with the original administrative agent and lenders or another administrative agent or agents or other banks or institutions or investors and whether provided under this Agreement, a Permitted Credit Facility, a Production Facility or one or more other credit or other agreements, indentures, financing agreements or otherwise) and in each case including all agreements, instruments and documents executed and delivered pursuant to or in connection with the foregoing (including but not limited to any notes and letters of credit issued pursuant thereto and any guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications and other guarantees, pledges, agreements, security agreements and collateral documents). Without limiting the generality of the foregoing, the term 「Credit Facility」 shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

“Credit Facility Excluded Amount” means the greater of (1) $175.0 million (or its equivalent in other currencies) and (2) 0.25 multiplied by the Pro forma EBITDA of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on a Consolidated basis for the Test Period.

“Currency Agreement” means, in respect of a Person, any foreign exchange contract, currency swap agreement, futures contract, option contract, derivative or other similar agreement as to which such Person is a party or a beneficiary.

“CWC Group” means C&W Communications and its Subsidiaries.

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration received by the Company, any Permitted Affiliate Parent or one of the Restricted Subsidiaries in connection with an Asset Disposition that is so designated as Designated Non-Cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of cash or Cash Equivalents received in

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connection with a subsequent payment, redemption, retirement, sale or other disposition of such Designated Non-Cash Consideration. A particular item of Designated Non-Cash Consideration will no longer be considered to be outstanding when and to the extent it has been paid, redeemed or otherwise retired or sold or otherwise disposed of in compliance with Section 4.10.

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event:

(1) matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise;

(2) is convertible or exchangeable for Indebtedness or Disqualified Stock (excluding Capital Stock which is convertible or exchangeable solely at the option of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary); or

(3) is redeemable at the option of the holder of the Capital Stock in whole or in part,

in each case on or prior to the earlier of the date (a) of the Latest Maturity Date of the Facilities or (b) on which there are no Loans outstanding; provided that only the portion of Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date will be deemed to be Disqualified Stock; provided, further, that any Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require the Company or a Permitted Affiliate Parent to repurchase such Capital Stock upon the occurrence of a change of control or asset sale (each defined in a substantially identical manner to the corresponding definitions in this Agreement) shall not constitute Disqualified Stock if the terms of such Capital Stock (and all such securities into which it is convertible or for which it is ratable or exchangeable); provided that the Company or such Permitted Affiliate Parent may not repurchase or redeem any such Capital Stock (and all such securities into which it is convertible or for which it is ratable or exchangeable) pursuant to such provision prior to compliance by the Company or such Permitted Affiliate Parent with Section 4.10, and such repurchase or redemption complies with Section 4.07.

“Distribution Business” means:

(1) the business of upgrading, constructing, creating, developing, acquiring, operating, owning, leasing and maintaining cable television networks (including for avoidance of doubt master antenna television, satellite master antenna television, single and multi-channel microwave single or multi-point distribution systems and direct-to-home satellite systems) for the transmission, reception and/or delivery of multi-channel television and radio programming, telephony and internet and/or data services to the residential markets; or

(2) any business which is incidental to or related to such business.

“Dollar Equivalent” means, (1) with respect to any monetary amount in Dollars, such amount and (2) with respect to any monetary amount in a currency other than Dollars, at any time of determination thereof by the Company, a Permitted Affiliate Parent or the Administrative Agent, as the case may be, the amount of Dollars obtained by converting such currency other than Dollars involved in such computation into Dollars at the spot rate for the purchase of Dollars with the applicable currency other than Dollars as published in The Financial Times in the 「Currencies」 section (or, if The Financial Times is no longer published, or if such information is no longer available in The Financial Times, such source as may be selected in good faith by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent) on the date of such determination.

“Equity Offering” means (1) the distribution of Capital Stock of the Spin Parent in connection with any Spin-Off or (2) a sale of (a) Capital Stock of the Company or a Permitted Affiliate Parent (other than Disqualified Stock), (b) Capital Stock the proceeds of which are contributed as equity share capital to the

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Company or a Permitted Affiliate Parent or as Subordinated Shareholder Loans or (c) Subordinated Shareholder Loans.

“Escrowed Proceeds” means the proceeds from the offering of any debt securities or other Indebtedness paid into escrow accounts with an independent escrow agent on the date of the applicable offering or Incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow accounts upon satisfaction of certain conditions or the occurrence of certain events. The term 「Escrowed Proceeds」 shall include any interest earned on the amounts held in escrow.

“European Union” means the European Union, including member states as of May 1, 2004 but excluding any country which became or becomes a member of the European Union after May 1, 2004.

“Excess Capacity Network Services” means the provision of network services, or an agreement to provide network services, by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in favor of one or more other members of the Wider Group where such network services are only provided in respect of the capacity available to the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in excess of that network capacity it requires to continue to provide current services to its existing and projected future customers and to allow it to provide further services to both its existing and projected future customers.

“Exchange Act” means the United States Securities Exchange Act of 1934, as amended.

“Excluded Contribution” means Net Cash Proceeds or property or assets received by the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary as capital contributions or Subordinated Shareholder Loans to the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary after April 1, 2015 or from the issuance or sale (other than to a Restricted Subsidiary) of Capital Stock (other than Disqualified Stock) of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary (other than Net Cash Proceeds, or other property or assets, if any, received by the Company as capital contributions or Subordinated Shareholder Loans that were subsequently used to fund the Special Dividend), in each case, to the extent designated as an Excluded Contribution pursuant to an Officer’s Certificate of the Company or a Permitted Affiliate Parent.

“Existing Senior Notes” means the Senior Notes Issuer’s (as successor to the SPV Issuer) (1) 6.875% senior notes due 2027 and (2) 7.500% senior notes due 2027, each issued pursuant to the relevant Existing Senior Notes Indenture and in an aggregate principal amount not in excess of the aggregate principal amount outstanding on the Amendment Effective Date.

“Existing Senior Notes Indentures” means (1) the indenture dated as of August 16, 2017, between, among others, the Senior Notes Issuer (as successor to the SPV Issuer), The Bank of New York Mellon, London Branch, as trustee and The Bank of New York Mellon, London Branch, as security trustee, as amended, supplemented or otherwise modified from time to time and (2) the indenture dated as of October 11, 2018, between, among others, the Senior Notes Issuer (as successor to the SPV Issuer), The Bank of New York Mellon, London Branch, as trustee and The Bank of New York Mellon, London Branch, as security trustee, as amended, supplemented or otherwise modified from time to time.

“Existing Senior Secured Notes” means the Original Borrower’s 5.75% Senior Secured Notes due 2027 issued pursuant to the 2027 Senior Secured Notes Indenture.

“Existing Senior Secured Notes Indentures” means the indenture dated as of April 5, 2019, between, among others, the Original Borrower, as issuer, The Bank of Nova Scotia, as security trustee and BNY Mellon Corporate Trustee Services Limited, as trustee, as amended, supplemented or otherwise modified from time to time.

“fair market value” wherever such term is used in this Agreement (except as otherwise specifically provided for in this Agreement), may be conclusively established by the Board of Directors, senior management or an Officer of the Company or a Permitted Affiliate Parent in good faith.

“FCC” refers to the U.S. Federal Communications Commission.

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“First-Priority Lien” means any Lien on some or all of the Collateral that ranks or is intended to rank pari passu with the Liens on the Obligations and the Guaranty, including any Lien that ranks pari passu therewith by virtue of any Intercreditor Agreement or any other agreement or instrument; provided, further, that Liens that rank pari passu with the Liens on the Collateral securing the Obligations and the Guaranty but secure Indebtedness that is junior to the Obligations and/or the Guaranty with respect to the distributions of proceeds of enforcement of Collateral shall not be First-Priority Liens.

“Grantor” means any Person that has granted a security interest in or pledged Collateral to secure the Obligations and/or the Guaranty.

“guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person:

(1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise); or

(2) entered into for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided that the term 「guarantee」 will not include endorsements for collection or deposit in the ordinary course of business. The term 「guarantee」 used as a verb has a corresponding meaning. The term 「guarantor」 means the obligor under a guarantee.

“Hedging Obligations” of any Person means the obligations of such Person pursuant to any Interest Rate Agreement, Commodity Agreement or Currency Agreement.

“Holding Company” means, in relation to a Person, an entity of which that Person is a Subsidiary.

“Incur” means issue, create, assume, guarantee, incur or otherwise become liable for; provided that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise) will be deemed to be Incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary; and the terms 「Incurred」 and 「Incurrence」 have meanings correlative to the foregoing and any Indebtedness pursuant to any revolving credit or similar facility shall only be 「Incurred」 at the time any funds are borrowed thereunder, subject to the definitions of 「Additional Facility Availability Amount」 (as defined in Section 1.01 of this Agreement) and of 「Reserved Indebtedness Amount」 (as defined in Section 4.09(d)(7)) and related provisions.

“Indebtedness” means, with respect to any Person (and with respect to the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries, on a Consolidated basis) on any date of determination (without duplication):

(1) money borrowed or raised and debit balances at banks;

(2) any bond, note, loan stock, debenture or similar debt instrument;

(3) acceptance or documentary credit facilities; and

(4) the principal component of Indebtedness of other Persons to the extent guaranteed by such Person to the extent not otherwise included in the Indebtedness of such Person,

provided that Indebtedness which has been cash-collateralized shall not be included in any calculation of Indebtedness to the extent so cash-collateralized (including, for the avoidance of doubt, any Indebtedness to the extent the proceeds thereof constitute Escrowed Proceeds).

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Notwithstanding the foregoing, 「Indebtedness」 shall not include (a) any deposits or prepayments received by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary from a customer or subscriber for its service and any other deferred or prepaid revenue, (b) any obligations to make payments in relation to earn outs, (c) Indebtedness which is in the nature of equity (other than redeemable shares) or equity derivatives; (d) Capitalized Lease Obligations, (e) Receivables sold or discounted, whether recourse or non-recourse, including for the avoidance of doubt, any indebtedness in respect of Qualified Receivables Transactions, including, without limitation, guarantees by a Receivables Entity of the obligations of another Receivables Entity and any indebtedness in respect of Limited Recourse, (f) pension obligations or any obligation under employee plans or employment agreements, (g) any 「parallel debt」 obligations to the extent that such obligations mirror other Indebtedness, (h) any payments or liability for assets acquired or services supplied deferred (including Trade Payables and, without limitation, any liability under an IRU Contract), (i) the principal component or liquidation preference of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock or, with respect to any Restricted Subsidiary, any Preferred Stock (including, in each case, any accrued dividends), (j) any Hedging Obligations, (k) any Non-Recourse Indebtedness and (l) any escrow shortfall guarantee (or similar arrangement entered into in connection with an Escrow Account). The amount of Indebtedness of any Person at any date will be the outstanding balance at such date of all unconditional obligations as described above and the maximum liability, upon the occurrence of the contingency giving rise to the obligation, of any contingent obligations at such date.

“Independent Financial Advisor” means an accounting, appraisal, investment banking or consulting firm of nationally recognized standing that is, in the good faith judgment of the Board of Directors or senior management of the Company or a Permitted Affiliate Parent, qualified to perform the task for which it has been engaged.

“Initial Public Offering” means an Equity Offering of common stock or other common equity interests of the Company, a Permitted Affiliate Parent, the Spin Parent or any direct or indirect parent company of the Company or a Permitted Affiliate Parent (the “IPO Entity”) following which there is a Public Market and, as a result of which, the shares of the common stock or other common equity interests of the IPO Entity in such offering are listed on an internationally recognized exchange or traded on an internationally recognized market (including, for the avoidance of doubt, any such Equity Offering of common stock or other common equity interest of the Spin Parent in connection with any Spin-Off).

“Interest Rate Agreement” means, with respect to any Person, any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

“Intra-Group Services” means any of the following (provided that the terms of each such transaction are not materially less favorable, taken as a whole, to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary, as the case may be, than those that could be obtained in a comparable transaction in arm’s length dealings with a Person that is not an Affiliate or, in the event that there are no comparable transactions to apply for comparative purposes, is otherwise on terms that, taken as a whole, the Company or a Permitted Affiliate Parent has conclusively determined in the good faith judgment of its Board of Directors or senior management to be fair to the Company or a Permitted Affiliate Parent or such Restricted Subsidiary):

(1) the sale of programming or other content by the Ultimate Parent, Liberty Latin America, the Spin Parent or any of their respective Subsidiaries or any other direct or indirect holder of equity interests in the Company or any of its Affiliates to any of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary;

(2) the lease or sublease of office space, other premises or equipment by the Company, a Permitted Affiliate Parent or the Restricted Subsidiaries to the Ultimate Parent, Liberty Latin America, the Spin Parent or any of their respective Subsidiaries or any other direct or indirect holder of equity interests in the Company or any of its Affiliates or by the Ultimate Parent, Liberty Latin America, the Spin Parent or any of their respective Subsidiaries or any other

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direct or indirect holder of equity interests in the Company or any of its Affiliates to the Company, any Permitted Affiliate Parent or the Restricted Subsidiaries;

(3) the provision or receipt of other goods, services, facilities or other arrangements (in each case not constituting Indebtedness) in the ordinary course of business, by the Company, any Permitted Affiliate Parent or the Restricted Subsidiaries to or from the Ultimate Parent, Liberty Latin America, the Spin Parent or any of their respective Subsidiaries or any other direct or indirect holder of equity interests in the Company or any of its Affiliates, including, without limitation, (a) the employment of personnel, (b) provision of employee healthcare or other benefits, including stock and other incentive plans, (c) acting as agent to buy or develop equipment, other assets or services or to trade with residential or business customers and (d) the provision of treasury, audit, accounting, banking, strategy, IT, branding, marketing, network, technology, research and development, telephony, office, administrative, compliance, payroll or other similar services; and

(4) the extension by or to the Company, any Permitted Affiliate Parent or the Restricted Subsidiaries to or by the Ultimate Parent, Liberty Latin America, the Spin Parent or any of their respective Subsidiaries or any other direct or indirect holder of equity interests in the Company or any of its Affiliates of trade credit not constituting Indebtedness in relation to the provision or receipt of Intra-Group Services referred to in paragraphs (1), (2) or (3) of this definition of Intra-Group Services.

“Investment” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of any direct or indirect advance, loan (other than advances or extensions of credit to customers in the ordinary course of business) or other extensions of credit (including by way of guarantee or similar arrangement, but excluding any debt or extension of credit represented by a bank deposit other than a time deposit) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by, such Person and all other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP; provided that none of the following will be deemed to be an Investment:

(1) Hedging Obligations entered into in the ordinary course of business;

(2) endorsements of negotiable instruments and documents in the ordinary course of business; and

(3) an acquisition of assets, Capital Stock or other securities by the Company, a Permitted Affiliate Parent or a Subsidiary for consideration to the extent such consideration consists of Common Stock of the Company, a Permitted Affiliate Parent or a Parent.

For purposes of the definition of 「Unrestricted Subsidiary」 and Section 4.07:

(1) 「Investment」 will include the portion (proportionate to the Company’s or a Permitted Affiliate Parent’s equity interest in a Restricted Subsidiary to be designated as an Unrestricted Subsidiary) of the fair market value of the net assets of such Restricted Subsidiary at the time that such Restricted Subsidiary is designated an Unrestricted Subsidiary; provided that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company or such Permitted Affiliate Parent will be deemed to continue to have a permanent 「Investment」 in an Unrestricted Subsidiary in an amount (if positive) equal to (a) the Company’s or such Permitted Affiliate Parent’s 「Investment」 in such Subsidiary at the time of such redesignation less (b) the portion (proportionate to the Company’s or such Permitted Affiliate Parent’s equity interest in such Subsidiary) of the fair market value of the net assets of such Subsidiary at the time that such Subsidiary is so redesignated a Restricted Subsidiary; and

(2) any property transferred to or from an Unrestricted Subsidiary will be valued at its fair market value at the time of such transfer,

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in each case, as determined conclusively in good faith by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent.

If the Company, a Permitted Affiliate Parent or a Restricted Subsidiary transfers, conveys, sells, leases or otherwise disposes of Voting Stock of a Restricted Subsidiary such that such Subsidiary is no longer a Restricted Subsidiary, then the Investment of the Company or a Permitted Affiliate Parent in such Person shall be deemed to have been made as of the date of such transfer or other disposition in an amount equal to the fair market value of such Voting Stock on such date.

The amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced (at the Company or a Permitted Affiliate Parent’s option) by any dividend, distribution, interest payment, return of capital, repayment or other amount or value received in respect of such Investment.

“Investment Grade Securities” means:

(1) securities issued by the U.S. government or by any agency or instrumentality thereof (other than Cash Equivalents) or directly and fully guaranteed or insured by the U.S. government and in each case with maturities not exceeding two years from the date of the acquisition;

(2) securities issued by or a member of the European Union as of January 1, 2004, or any agency or instrumentality thereof (other than Cash Equivalents) or directly and fully guaranteed or insured by a member of the European Union as of January 1, 2004, and in each case with maturities not exceeding two years from the date of the acquisition;

(3) debt securities or debt instruments with a rating of A or higher by S&P or A-2 or higher by Moody’s or the equivalent of such rating by such rating organization, or if no rating of Standard & Poor’s Ratings Services or Moody’s Investors Service, Inc. then exists, the equivalent of such rating by any other nationally recognized securities ratings agency, but excluding any debt securities or instruments constituting loans or advances among the Company, a Permitted Affiliate Parent and their respective Subsidiaries;

(4) investments in any fund that invests exclusively in investments of the type described in clauses (1) through (3) which fund may also hold immaterial amounts of cash and Cash Equivalents pending investment and/or distribution; and

(5) corresponding instruments in countries other than those identified in clauses (1) and (2) above customarily utilized for high-quality investments and, in each case, with maturities not exceeding two years from the date of the acquisition.

“Investment Grade Status” shall occur when the Facilities receive any two of the following:

(1) a rating of 「Baa3」 (or the equivalent) or higher from Moody’s;

(2) a rating of 「BBB-」 (or the equivalent) or higher from S&P; and

(3) a rating of 「BBB-」 (or the equivalent) or higher from Fitch,

in each case, with a 「stable outlook」 from such rating agency.

“IPO Market Capitalization” means an amount equal to (1) the total number of issued and outstanding shares of Capital Stock of the IPO Entity at the time of closing of the Initial Public Offering multiplied by (2) the price per share at which such shares of common stock or common equity interests are sold or distributed in such Initial Public Offering.

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“IRU Contract” means a contract entered into by C&W Communications, the Company, a Permitted Affiliate Parent or a Restricted Subsidiary in the ordinary course of business in relation to the right to use capacity on a telecommunications cable system (including the right to lease such capacity to another person).

“Joint Venture Parent” means the joint venture entity formed in a Parent Joint Venture Transaction.

“Liberty Latin America” means Liberty Latin America Ltd., and any and all successors thereto.

“Lien” means any assignment, mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof).

“Limited Condition Transaction” means (1) any Investment or acquisition, in each case, by one or more of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries of any assets, business or Person, the consummation of which is not conditioned on the availability of, or on obtaining, third party financing; (2) any redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness requiring irrevocable notice in advance of such redemption, repurchase, defeasance, satisfaction and discharge or repayment; and (3) any Restricted Payment.

“Limited Recourse” means a letter of credit, revolving loan commitment, cash collateral account, guarantee or other credit enhancement issued by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (other than a Receivables Entity) in connection with the Incurrence of Indebtedness by a Receivables Entity under a Qualified Receivables Transaction; provided that the aggregate amount of such letter of credit reimbursement obligations and the aggregate available amount of such revolving loan commitments, cash collateral accounts, guarantees or other such credit enhancements of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries (other than a Receivables Entity) shall not exceed 25% of the principal amount of such Indebtedness at any time.

“Management Fees” means any management, consultancy, stewardship or other similar fees payable by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, including any fees, charges and related expenses Incurred by any Parent on behalf of and/or charged to the Company, any Permitted Affiliate Parent or any Restricted Subsidiary.

“Market Capitalization” means an amount equal to (1) the total number of issued and outstanding shares of Capital Stock of the IPO Entity on the date of the declaration of the relevant dividend, multiplied by (2) the arithmetic mean of the closing prices per share of such Capital Stock for the 30 consecutive trading days immediately preceding the date of the declaration of such dividend.

“Minority Investment” means any Person in which the Company, a Permitted Affiliate Parent or a Restricted Subsidiary owns a minority interest that is not a Subsidiary of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary that has been designated as a 「Minority Investment」 by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent. The Board of Directors or senior management of the Company or a Permitted Affiliate Parent may subsequently elect to remove any such designation. Any such designation or election shall be evidenced to the Administrative Agent by promptly filing with the Administrative Agent an Officer’s Certificate certifying such designation or election by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent.

“Net Available Cash” from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

(1) all legal, accounting, investment banking, title and recording tax expenses, commissions and other fees and expenses Incurred, and all federal, state, provincial, foreign and local taxes required to be paid or accrued as a liability under GAAP (after taking into account any

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available tax credits or deductions and any tax sharing agreements), as a consequence of such Asset Disposition;

(2) all payments made on any Indebtedness which is secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such assets, or which must by its terms, or in order to obtain a necessary consent to such Asset Disposition, or by applicable Law be repaid out of the proceeds from such Asset Disposition;

(3) all distributions and other payments required to be made to minority interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition; and

(4) the deduction of appropriate amounts to be provided by the seller as a reserve, in accordance with GAAP, against any liabilities associated with the assets disposed of in such Asset Disposition and retained by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary after such Asset Disposition.

“Net Cash Proceeds” means, with respect to any issuance or sale of Capital Stock, Subordinated Shareholder Loans or other capital contributions, the cash proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees and charges actually Incurred in connection with such issuance or sale and net of taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credit or deductions and any tax sharing arrangements).

“Non-Controlling Interest” means any minority interest in a Restricted Subsidiary held by a Person other than the Company, a Permitted Affiliate Parent or any Restricted Subsidiary.

“Non-Recourse Indebtedness” means any indebtedness of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (and not of any other Person), in respect of which the Person or Persons to whom such indebtedness is or may be owed has or have no recourse whatsoever to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary for any payment or repayment in respect thereof:

(1) other than recourse to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary which is limited solely to the amount of any recoveries made on the enforcement of any collateral securing such indebtedness or in respect of any other disposition or realization of the assets underlying such indebtedness;

(2) provided that such Person or Persons are not entitled, pursuant to the terms of any agreement evidencing any right or claim arising out of or in connection with such indebtedness, to commence proceedings for the winding up, dissolution or administration of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (or proceedings having an equivalent effect) or to appoint or cause the appointment of any receiver, trustee or similar person or officer in respect of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary or any of its assets until after the Facilities have been repaid in full; and

(3) provided, further, that the principal amount of all indebtedness Incurred and outstanding pursuant to this definition does not exceed the greater of (i) $250.0 million and (ii) 5.0% of Total Assets.

“Officer” of any Person means the Chairman of the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, Deputy Chief Financial Officer, the President, any Vice President, any Managing Director, any Director, any Board Member, the Treasurer, any Assistant Treasurer, the Secretary or any Assistant Secretary, or any authorized signatory of such Person.

“Officer’s Certificate” means a certificate signed by one or more Officers.

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“Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Administrative Agent. The counsel may be an employee of or counsel to the Company, a Permitted Affiliate Parent or the Administrative Agent.

“ordinary course of business” means the ordinary course of business of the Company, any Permitted Affiliate Parent, any Affiliate Subsidiary and any of their respective Subsidiaries and/or the Ultimate Parent and its Subsidiaries.

“Parametric Cover” means any parametric insurance or derivative arrangements in respect of weather-related events.

“Parent” means (1) the Ultimate Parent, (2) any Subsidiary of the Ultimate Parent of which the Company is a Subsidiary on the Amendment Effective Date, (3) any other Person of which the Company or a Permitted Affiliate Parent at any time is or becomes a Subsidiary after the Amendment Effective Date (including, for the avoidance of doubt, the Spin Parent and any Subsidiary of the Spin Parent following any Spin-Off) and (4) any Joint Venture Parent, any Subsidiary of the Joint Venture Parent and any Parent Joint Venture Holders following any Parent Joint Venture Transaction.

“Parent Expenses” means:

(1) costs (including all professional fees and expenses) Incurred by any Parent or any Subsidiary of a Parent in connection with reporting obligations under or otherwise Incurred in connection with compliance with applicable Laws, rules or regulations of any governmental, regulatory or self-regulatory body or stock exchange, the Loan Documents or any agreement or instrument relating to Indebtedness of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary;

(2) indemnification obligations of any Parent or any Subsidiary of a Parent owing to directors, officers, employees or other Persons under its charter or by-laws or pursuant to written agreements with any such Person with respect to its ownership of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary or the conduct of the business of the Company, any Permitted Affiliate Parent or any Restricted Subsidiary;

(3) obligations of any Parent or any Subsidiary of a Parent in respect of director and officer insurance (including premiums therefor) with respect to its ownership of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary or the conduct of the business of the Company, any Permitted Affiliate Parent or any Restricted Subsidiary;

(4) general corporate overhead expenses, including professional fees and expenses and other operational expenses of any Parent or Subsidiary of a Parent related to the ownership, stewardship or operation of the business (including, but not limited to, Intra-Group Services) of the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries, including acquisitions or dispositions or treasury transactions by the Company, a Permitted Affiliate Parent or the Subsidiaries permitted hereunder (whether or not successful), in each case, to the extent such costs, obligations and/or expenses are not paid by another Subsidiary of such Parent; and

(5) fees and expenses payable by any Parent in connection with the Transactions.

“Parent Joint Venture Holders” means the holders of the share capital of the Joint Venture Parent.

“Parent Joint Venture Transaction” means a transaction pursuant to which a joint venture is formed by the contribution of some or all of the assets of a Parent or issuance or sale of shares of a Parent to one or more entities which are not Affiliates of the Ultimate Parent.

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“Permitted Asset Swap” means the concurrent purchase and sale or exchange of related business assets (including, without limitation, securities of a Related Business) or a combination of such assets, cash and Cash Equivalents between the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries and another Person.

“Permitted Business” means any business:

(1) engaged in by any Parent, any Subsidiary of any Parent, the Company, a Permitted Affiliate Parent or any Restricted Subsidiary on the Amendment Effective Date;

(2) that consists of the upgrade, construction, creation, development, marketing, acquisition (to the extent permitted under this Agreement), operation, utilization and maintenance of networks that use existing or future technology for the transmission, reception and delivery of voice, video and/or other data (including networks that transmit, receive and/or deliver services such as multi-channel television and radio, programming, telephony (including for the avoidance of doubt, mobile telephony), internet services and Content, high speed data transmission, video, multi-media and related activities);

(3) or other activities that are reasonably similar, ancillary, complementary or related to, or a reasonable extension, development or expansion of, the businesses in which any Parent, any Subsidiary of any Parent, the Company, any Permitted Affiliate Parent or the Restricted Subsidiaries are engaged on the Amendment Effective Date, including, without limitation, all forms of television, telephony (including, for the avoidance of doubt, mobile telephony) and internet services and any services relating to carriers, networks, broadcast or communications services, or Content; or

(4) that comprises being a Holding Company of one or more Persons engaged in any such business referred to above.

“Permitted Collateral Liens” means:

(1) Liens on the Collateral that are described in one or more of clauses (2), (3), (4), (5), (6), (8), (9), (11) and (12) of the definition of 「Permitted Liens」 and that, in each case, would not materially interfere with the ability of the Security Trustee to enforce the Lien in the Collateral granted under the Collateral Documents; and

(2) Liens on the Collateral to secure:

(a) the Obligations (other than in respect of any Additional Facility that is unsecured);

(b) Indebtedness of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries, that is permitted to be Incurred under Section 4.09(a)(2), Section 4.09(b)(1), Section 4.09(b)(3), Section 4.09(b)(4) (in the case of Section 4.09(b)(4), to the extent such Indebtedness is secured by a Lien on the Collateral that is existing on, or provided for, under written arrangements existing on the Amendment Effective Date), Section 4.09(b)(13) (in the case of 4.09(b)(13), to the extent such guarantee is in respect of Indebtedness otherwise permitted to be secured and specified in this clause (2) of this definition of Permitted Collateral Liens), Section 4.09(b)(14), Section 4.09(b)(18), Section 4.09(b)(21) or Section 4.09(b)(25);

(c) Indebtedness that is permitted to be Incurred under Section 4.09(b)(6) and guarantees thereof; provided that at the time of the acquisition or other transaction pursuant to which such Indebtedness was Incurred and after giving effect to the Incurrence of such Indebtedness on a pro forma basis, (i) the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries would have been able to Incur $1.00 of additional Indebtedness pursuant to Section 4.09(a)(2) or (ii) the Consolidated Senior

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Secured Net Leverage Ratio would not be greater than it was immediately prior to giving pro forma effect to such acquisition or other transaction and to the Incurrence of such Indebtedness; and

(d) any Refinancing Indebtedness in respect of Indebtedness referred to in the foregoing clauses (a), (b) and (c);

provided that (i) such Lien ranks equal or junior to all other Liens on the Collateral securing Senior Indebtedness of the Loan Parties and (ii) holders of Indebtedness referred to in this clause (2) (or their duly authorized Representative) shall enter into any applicable Intercreditor Agreement; and

(3) Liens on the Collateral to secure:

(a) Indebtedness that is permitted to be Incurred under Section 4.09(a)(1), Section 4.09(b)(1), Section 4.09(b)(4) (in the case of Section 4.09(b)(4), to the extent such Indebtedness is secured by a Lien on the Collateral that is existing on, or provided for, under written arrangements existing on the Amendment Effective Date), Section 4.09(b)(6), Section 4.09(b)(13) (in the case of 4.09(b)(13), to the extent such guarantee is in respect of Indebtedness otherwise permitted to be secured and specified in this clause (3) of this definition of Permitted Collateral Liens), Section 4.09(b)(14), Section 4.09(b)(18), Section 4.09(b)(21) or Section 4.09(b)(25);

(b) any Refinancing Indebtedness in respect of Indebtedness referred to in the foregoing clause (a) and this clause (b);

provided that (i) such Lien ranks junior to all other Liens on the Collateral securing the Senior Indebtedness of the Loan Parties and (ii) holders of Indebtedness referred to in this clause (3) (or their duly authorized Representative) shall enter into any applicable Intercreditor Agreement.

“Permitted Credit Facility” means, one or more debt facilities or arrangements (including, without limitation, this Agreement) that may be entered into by the Company, a Permitted Affiliate Parent and the Restricted Subsidiaries providing for credit loans, letters of credit or other Indebtedness or other advances, in each case, Incurred in compliance with Section 4.09.

“Permitted Financing Action” means, to the extent that any Incurrence of Indebtedness or Refinancing Indebtedness is permitted pursuant to Section 4.09, any transaction to facilitate or otherwise in connection with a cashless rollover of one or more lenders’ or investors’ commitments or funded Indebtedness in relation to the Incurrence of that Indebtedness or Refinancing Indebtedness.

“Permitted Holders” means, collectively, (1) the Ultimate Parent, (2) in the event of a Spin-Off, the Spin Parent and any Subsidiary of the Spin Parent, (3) any Affiliate or Related Person of a Permitted Holder described in clauses (1) or (2) above, and any successor to such Permitted Holder, Affiliate, or Related Person, (4) any Person who is acting as an underwriter in connection with any public or private offering of Capital Stock of the Company or a Permitted Affiliate Parent, acting in such capacity and (5) any 「person」 or 「group」 of related persons (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) whose acquisition of 「beneficial ownership」 (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) of Voting Stock or of all or substantially all of the assets of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries (taken as a whole) constitutes a Change of Control in respect of which the Company has notified the Administrative Agent of such Change of Control and the Required Lenders have not required a prepayment and cancellation of the Facilities under Section 2.05(b)(ix) of this Agreement.

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“Permitted Investment” means:

(1) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (other than a Receivables Entity) or a Person which will, upon the making of such Investment, become a Permitted Affiliate Parent or a Restricted Subsidiary (other than a Receivables Entity);

(2) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in another Person if as a result of such Investment such other Person is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (other than a Receivables Entity);

(3) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in cash and Cash Equivalents or Investment Grade Securities;

(4) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in Receivables owing to the Company, a Permitted Affiliate Parent or any Restricted Subsidiary created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms; provided that such trade terms may include such concessionary trade terms as the Company, a Permitted Affiliate Parent or any such Restricted Subsidiary deems reasonable under the circumstances;

(5) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in payroll, travel and similar advances to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business;

(6) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in loans or advances to employees made in the ordinary course of business consistent with past practices of the Company, a Permitted Affiliate Parent or such Restricted Subsidiary;

(7) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in Capital Stock, obligations, accounts receivables, or securities received in settlement of debts created in the ordinary course of business and owing to the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, or as a result of foreclosure, perfection or enforcement of any Lien, or in satisfaction of judgments or pursuant to any plan of reorganization, workout, recapitalization or similar arrangement including upon the bankruptcy or insolvency of a debtor;

(8) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary made as a result of the receipt of non-cash consideration from a sale or other disposition of property or assets, including without limitation an Asset Disposition, in each case, that was made in compliance with Section 4.10 and other Investments resulting from the disposition of assets in transactions excluded from the definition of 「Asset Disposition」 pursuant to the exclusions from such definition;

(9) any Investment by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary existing on the Amendment Effective Date or made pursuant to binding commitments in effect on the Amendment Effective Date or an Investment consisting of any extension, modification, replacement, renewal or reinvestment of any Investment or binding commitment existing on the Amendment Effective Date or made in compliance with Section 4.07; provided that the amount of any such Investment or binding commitment may be increased (a) as required by the terms of such Investment or binding commitment as in existence on the Amendment Effective Date (including as a result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities) or (b) as otherwise permitted under this Agreement;

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(10) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in Currency Agreements, Commodity Agreements and Interest Rate Agreements, in each case not entered into for speculative purposes, and related Hedging Obligations;

(11) Investments by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries, together with all other Investments pursuant to this clause (11), in an aggregate amount at the time of such Investment not to exceed the greater of $250.0 million and 5.0% of Total Assets at any one time; provided that if an Investment is made pursuant to this clause in a Person that is not a Permitted Affiliate Parent or a Restricted Subsidiary and such Person subsequently becomes a Permitted Affiliate Parent or a Restricted Subsidiary, is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (other than a Receivables Entity) or is subsequently designated a Restricted Subsidiary pursuant to Section 4.07, such Investment shall thereafter be deemed to have been made pursuant to clause (1) or (2) of the definition of 「Permitted Investments」 and not this clause;

(12) Investments by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary in a Receivables Entity or any Investment by a Receivables Entity in any other Person, in each case, in connection with a Qualified Receivables Transaction; provided that any Investment in any such Person is in the form of a Purchase Money Note, or any equity interest or interests in Receivables and related assets generated by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary and transferred to any Person in connection with a Qualified Receivables Transaction or any such Person owning such Receivables;

(13) guarantees by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary issued in accordance with Section 4.09 and other guarantees (and similar arrangements) of obligations not constituting Indebtedness;

(14) pledges or deposits of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (a) with respect to leases or utilities provided to third parties in the ordinary course of business or (b) otherwise described in the definition of 「Permitted Liens」 or made in connection with Liens permitted under Section 4.12;

(15) the Facilities, the Existing Senior Secured Notes and any other Indebtedness (other than Subordinated Obligations) of the Company, any Permitted Affiliate Parent or a Restricted Subsidiary;

(16) so long as no Default or Event of Default of the type specified in Section 8.01(a) of this Agreement has occurred and is continuing, (a) minority Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in any Person engaged in a Permitted Business and (b) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in joint ventures that conduct a Permitted Business to the extent that, after giving pro forma effect to any such Investment, the Consolidated Senior Secured Net Leverage Ratio would not exceed 4.00 to 1.00;

(17) any Investment by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary to the extent made using as consideration Capital Stock of the Company or a Permitted Affiliate Parent (other than Disqualified Stock), Subordinated Shareholder Loans or Capital Stock of any Parent;

(18) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary acquired after the Amendment Effective Date as a result of an acquisition by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary, including by way of merger, amalgamation or consolidation with or into the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in a transaction that is not prohibited by Section 5.01, after the Amendment Effective Date to the extent that such Investments were not made in

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contemplation of such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation;

(19) Permitted Joint Ventures;

(20) Investments in Securitization Obligations;

(21) [Reserved];

(22) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in any Person where such Investment was acquired by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (a) in exchange for any other Investment or accounts receivable held by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable or (b) as a result of a foreclosure by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary with respect to any secured Investment or other transfer of title with respect to any secured Investment in default;

(23) any transaction to the extent constituting an Investment by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary that is permitted and made in accordance with Section 4.11(b) (except those transactions described in Section 4.11(b)(1), Section 4.11(b)(5), Section 4.11(b)(9), and Section 4.11(b)(22));

(24) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in or constituting Bank Products;

(25) the 2015 Columbus Carve-Out, or any component or the unwinding thereof, to the extent constituting an Investment;

(26) any loans or guarantees by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary relating to Excess Capacity Network Services provided that the price payable to the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in relation to such Excess Capacity Network Services is no less than the cost incurred by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in providing such Excess Capacity Network Services;

(27) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary of all or a portion of the Escrowed Proceeds permitted under the relevant escrow agreement;

(28) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary consisting of purchases and acquisitions of inventory, supplies, material, services or equipment or purchases of contract rights or licenses or leases of intellectual property;

(29) Investments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary consisting of the licensing or contribution of intellectual property pursuant to joint marketing arrangements;

(30) advances by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in the form of a prepayment of expenses, so long as such expenses are being paid in accordance with customary trade terms of the Company, a Permitted Affiliate Parent or the Restricted Subsidiaries;

(31) Investments by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary in any joint venture in connection with intercompany cash management arrangements or related activities arising in the ordinary course of business; and

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(32) Investments by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary in connection with any start-up financing or seed funding of any Person, together with all other Investments pursuant to this clause (32), in an aggregate amount at the time of such Investment not to exceed the greater of (a) $75.0 million and (b) 1.0% of Total Assets at any one time; provided that if an Investment is made pursuant to this clause in a Person that is not a Restricted Subsidiary and such Person subsequently becomes a Restricted Subsidiary or is subsequently designated a Restricted Subsidiary pursuant to Section 4.07, such Investment shall thereafter be deemed to have been made pursuant to clause (1) or (2) of the definition of 「Permitted Investments」 and not this clause.

“Permitted Joint Ventures” means one or more joint ventures formed (1) by the contribution of some or all of the assets of the Company’s, a Permitted Affiliate Parent’s or any Restricted Subsidiary’s business solutions division pursuant to a Business Division Transaction to a joint venture formed by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary with one or more joint venturers, (2) by the contribution of some or all of the assets of the Company’s, a Permitted Affiliate Parent’s or any Restricted Subsidiary’s Content business pursuant to a Content Transaction to a joint venture formed by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary with one or more joint venturers and/or (3) for the purposes of network and/or infrastructure sharing with one or more joint venturers.

“Permitted Liens” means:

(1) Liens on Receivables and related assets of the type described in the definition of 「Qualified Receivables Transaction」 Incurred in connection with a Qualified Receivables Transaction, and Liens on Investments in Receivables Entities;

(2) pledges or deposits by such Person under workmen’s compensation Laws, unemployment insurance Laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits of cash or United States government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import or customs duties or for the payment of rent, in each case Incurred in the ordinary course of business;

(3) Liens imposed by Law, including carriers’, warehousemen’s, mechanics’, landlords’, materialmen’s, repairmen’s, construction and other like Liens, in each case for sums not yet overdue for a period of more than 60 days or that are bonded or being contested in good faith by appropriate proceedings;

(4) Liens for taxes, assessments or other governmental charges not yet subject to penalties for non-payment or which are being contested in good faith by appropriate proceedings;

(5) Liens in favor of issuers of surety, bid or performance bonds or with respect to other regulatory requirements or trade or government contracts or to secure leases or permits, licenses, statutory or regulatory obligations, or letters of credit or bankers’ acceptances or similar obligations issued pursuant to the request of and for the account of such Person in the ordinary course of its business;

(6) (a) mortgages, liens, security interests, restrictions, encumbrances or any other matters of record that have been placed by any government, statutory or regulatory authority, developer, landlord or other third party on property or assets over which the Company, a Permitted Affiliate Parent or any Restricted Subsidiary has easement rights or on any leased property and subordination or similar arrangements relating thereto (including, without limitation, the right reserved to or vested in any governmental authority by the terms of any lease, license, franchise, grant or permit acquired by the Company, a Permitted Affiliate Parent or any of its Restricted Subsidiaries or by any statutory provision to terminate any such lease, license, franchise, grant or permit, or to require annual or other payments as a condition to the

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continuance thereof), (b) minor survey exceptions, encumbrances, trackage rights, special assessments, ground leases, easements or reservations of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the business of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries or to the ownership of its properties which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries and (c) any condemnation or eminent domain proceedings affecting any real property;

(7) [Reserved];

(8) leases, licenses, subleases and sublicenses of assets (including, without limitation, real property and intellectual property rights) which do not materially interfere with the ordinary conduct of the business of the Company, any Permitted Affiliate Parent or the Restricted Subsidiaries;

(9) Liens arising out of judgments, decrees, orders or awards so long as any appropriate legal proceedings which may have been duly initiated for the review of such judgment, decree, order or award have not been finally terminated or the period within which such proceedings may be initiated has not expired;

(10) Liens for the purpose of securing the payment of all or a part of the purchase price of, or Capitalized Lease Obligations, Purchase Money Obligations or other payments Incurred to finance the acquisition, improvement or construction of, assets or property acquired or constructed in the ordinary course of business (including Liens arising out of conditional sale, title retention, hire purchase, consignment or similar arrangements for the sale of goods entered into in the ordinary course of business); provided that such Liens do not encumber any other assets or property of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary other than such assets or property and assets affixed or appurtenant thereto;

(11) Liens (a) arising solely by virtue of any statutory or common law provisions or customary business provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution, (b) attaching to commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business, (c) encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to brokerage accounts incurred in the ordinary course of business and not for speculative purposes or (d) deposits made in the ordinary course of business to secure liability to insurance carriers;

(12) Liens arising from Uniform Commercial Code financing statement filings (or similar filings in other applicable jurisdictions) regarding operating leases entered into by the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries in the ordinary course of business;

(13) Liens securing Indebtedness to the extent Incurred in compliance with Section 4.09(b)(17), including guarantees and any Refinancing Indebtedness in respect thereof;

(14) Liens (a) over the segregated trust accounts set up to fund productions, (b) required to be granted over productions to secure production grants granted by regional and/or national agencies promoting film production in the relevant regional and/or national jurisdiction and (c) over assets relating to a specific production funded by Production Facilities;

(15) Liens existing on, or provided for under written arrangements existing on, the Amendment Effective Date;

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(16) Liens on property, other assets or shares of stock of a Person at the time such Person becomes a Restricted Subsidiary (including Liens created, Incurred or assumed in connection with or in contemplation of such acquisition or transaction); provided that any such Lien may not extend to any other property owned by the Company, a Permitted Affiliate Parent or any other Restricted Subsidiary (other than pursuant to after-acquired property clauses in effect with respect to such Lien at the time of acquisition on property of the type that would have been subject to such Lien notwithstanding the occurrence of such acquisition);

(17) Liens on property at the time the Company, a Permitted Affiliate Parent or a Restricted Subsidiary acquired the property, including any acquisition by means of a merger or consolidation with or into any Restricted Subsidiary (including Liens created, Incurred or assumed in connection with or in contemplation of such acquisition or transaction); provided that any such Lien may not extend to any other property owned by the Company, a Permitted Affiliate Parent or such Restricted Subsidiary (other than pursuant to after-acquired property clauses in effect with respect to such Lien at the time of acquisition on property of the type that would have been subject to such Lien notwithstanding the occurrence of such acquisition);

(18) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Company, a Permitted Affiliate Parent or another Restricted Subsidiary;

(19) Permitted Collateral Liens;

(20) Liens securing Refinancing Indebtedness Incurred to refinance Indebtedness that was previously so secured; provided that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is the security for a Permitted Lien hereunder;

(21) Liens securing Indebtedness Incurred under any Permitted Credit Facility;

(22) Liens on Capital Stock or other securities of any Unrestricted Subsidiary that secure Indebtedness or other obligations of such Unrestricted Subsidiary;

(23) any interest or title of a lessor under any Capitalized Lease Obligations or operating leases;

(24) any encumbrance or restriction (including, but not limited to, put and call arrangements) with respect to Capital Stock of any joint venture or similar arrangement pursuant to any joint venture or similar agreement;

(25) Liens over rights under loan agreements relating to, or over notes or similar instruments evidencing, the on-loan of proceeds received by a Restricted Subsidiary from the issuance of Indebtedness, which Liens are created to secure payment of such Indebtedness;

(26) Liens on assets or property of a Restricted Subsidiary that is not a Loan Party securing Indebtedness of a Restricted Subsidiary that is not a Loan Party permitted by Section 4.09;

(27) any Liens in respect of the ownership interests in, or assets owned by, any joint ventures securing obligations of such joint ventures or similar agreements;

(28) Liens on Escrowed Proceeds for the benefit of the related holders of debt securities or other Indebtedness (or the underwriters or arrangers or escrow agent thereof) or on cash set aside at the time of the Incurrence of any Indebtedness or government securities purchased with such cash, in either case to the extent such cash or government securities prefund the payment of

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interest on such Indebtedness and are held in escrow accounts or similar arrangement to be applied for such purpose;

(29) Liens Incurred with respect to obligations that do not exceed the greater of (a) $250.0 million and (b) 5.0% of Total Assets at any time outstanding;

(30) Liens consisting of any right of set-off granted to any financial institution acting as a lockbox bank in connection with a Qualified Receivables Transaction;

(31) Liens for the purpose of perfecting the ownership interests of a purchaser of Receivables and related assets pursuant to any Qualified Receivables Transaction;

(32) Cash deposits or other Liens for the purpose of securing Limited Recourse;

(33) Liens arising in connection with other sales of Receivables permitted hereunder without recourse to the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries;

(34) Liens in respect of Bank Products or to implement cash pooling arrangements or arising under the general terms and conditions of banks with whom the Company, a Permitted Affiliate Parent or any Restricted Subsidiary maintains a banking relationship or to secure cash management and other banking services, netting and set-off arrangements, and encumbrances over credit balances on bank accounts to facilitate operation of such bank accounts on a cash-pooled and net balance basis (including any ancillary facility under any Credit Facility or other accommodation comprising of more than one account) and Liens of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary under the general terms and conditions of banks and financial institutions entered into in the ordinary course of banking or other trading activities;

(35) Liens on cash, Cash Equivalents, Investments or other property arising in connection with the defeasance, discharge or redemption of Indebtedness; provided that such defeasance, discharge or redemption is not prohibited hereunder;

(36) Liens on Receivables and related assets of the type specified in the definition of 「Qualified Receivables Transaction」;

(37) Liens on cash or Cash Equivalents securing the obligations and facilities of Cable & Wireless Limited under and in respect of the Cable & Wireless Supplemental Pension Scheme and the trust deed and rules in respect thereof;

(38) Liens on cash in support of letters of credit issued pursuant to the terms of the CFA or any cash escrow arrangements for the same purpose;

(39) Liens on equipment of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary granted in the ordinary course of business to a client of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary at which such equipment is located;

(40) subdivision agreements, site plan control agreements, development agreements, servicing agreements, cost sharing, reciprocal and other similar agreements with municipal and other governmental authorities affecting the development, servicing or use of a property; provided that the same are complied with in all material respects except as such non-compliance does not interfere in any material respect, as determined in good faith by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent, with the business of the Company, any Permitted Affiliate Parent and their respective Subsidiaries taken as a whole;

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(41) facility cost sharing, servicing, reciprocal or other similar agreements related to the use and/or operation a property in the ordinary course of business; provided that the same are complied with in all material respects;

(42) deemed trusts created by operation of Law in respect of amounts which are (a) not yet due and payable, (b) immaterial, (c) being contested in good faith and by appropriate proceedings and for which appropriate reserves have been established in accordance with GAAP or (d) unpaid due to inadvertence after exercising due diligence;

(43) Liens encumbering deposits made in the ordinary course of business to secure liabilities to insurance carriers; and

(44) Liens securing the Obligations and the Guaranty.

“Permitted Tax Reorganization” means any reorganization and other activities related to tax planning and tax reorganization, so long as such Permitted Tax Reorganization is not materially adverse to the Lenders (as determined by the Company in good faith).

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company, government or any agency or political subdivision hereof or any other entity.

“Post-Closing Reorganization” means the possible reorganization of the CWC Group by the Ultimate Parent, which is expected to include: (1) a distribution or other transfer of the Company and any Permitted Affiliate Parent and their respective Subsidiaries or a Parent of both the Company and any Permitted Affiliate Parent to the Ultimate Parent or another direct Subsidiary of the Ultimate Parent through one or more mergers, transfers, consolidations or other similar transactions such that the Company and any Permitted Affiliate Parent and their respective Subsidiaries or such Parent will become the direct Subsidiary of the Ultimate Parent or such other direct Subsidiary of the Ultimate Parent and/or (2) the issuance by the Company and any Permitted Affiliate Parent of Capital Stock to the Ultimate Parent or another direct Subsidiary of the Ultimate Parent and, as consideration therefor, the assignment by the Ultimate Parent or a direct Subsidiary of the Ultimate Parent of a loan receivable to the Company or a Permitted Affiliate Parent, as the case may be, and/or (3) the insertion of a new entity as a direct Subsidiary of C&W Communications, which new entity will become a Parent of the Company.

“Preferred Stock”, as applied to the Capital Stock of any corporation, partnership, limited liability company or other entity, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such entity, over shares of Capital Stock of any other class of such entity.

“Pro forma EBITDA” means, for any period, the Consolidated EBITDA of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries; provided that for the purposes of calculating Pro forma EBITDA for such period, if, as of such date of determination:

(1) since the beginning of such period the Company, any Permitted Affiliate Parent or any Restricted Subsidiary will have made any Asset Disposition or disposed of any company, any business, any group of assets constituting an operating unit of a business or any Minority Investment (any such disposition, a “Sale”) or if the transaction giving rise to the need to calculate the Consolidated Net Leverage Ratio, the Consolidated Senior Secured Net Leverage Ratio or Pro forma Non-Controlling Interest EBITDA, as applicable, is such a Sale, Pro forma EBITDA for such period will be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the assets which are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

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(2) since the beginning of such period the Company, any Permitted Affiliate Parent or any Restricted Subsidiary (by merger or otherwise) will have made an Investment in any Person that thereby becomes a Restricted Subsidiary, acquires any Non-Controlling Interests in a Restricted Subsidiary or otherwise acquires any company, any business, any group of assets constituting an operating unit of a business or any Minority Investment (any such Investment or acquisition, a “Purchase”) including any such Purchase occurring in connection with a transaction causing a calculation to be made hereunder, Consolidated EBITDA for such period will be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

(3) since the beginning of such period any Person (that became a Restricted Subsidiary or was merged with or into the Company, any Permitted Affiliate Parent or any Restricted Subsidiary since the beginning of such period) will have made any Sale or any Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Company, any Permitted Affiliate Parent or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period will be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period.

For purposes of this definition and determining compliance with any provision of the Loan Documents that requires the calculation of any financial ratio or test, (a) whenever pro forma effect is to be given to any transaction or calculation, the pro forma calculations will be as determined conclusively in good faith by a responsible financial or accounting officer of the Company (including without limitation in respect of anticipated expense and cost reductions) including, without limitation, as a result of, or that would result from any actions taken, committed to be taken or with respect to which substantial steps have been taken, by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary including, without limitation, in connection with any cost reduction synergies or cost savings plan or program or in connection with any transaction, investment, acquisition, disposition, restructuring, corporate reorganization or otherwise (regardless of whether these cost savings and cost reduction synergies could then be reflected in pro forma financial statements to the extent prepared), (b) in determining the amount of Indebtedness outstanding on any date of determination, pro forma effect shall be given to any Incurrence, repayment, repurchase, defeasance or other acquisition, retirement or discharge of Indebtedness as if such transaction had occurred on the first day of the relevant period and (c) interest on any Indebtedness that bears interest at a floating rate and that is being given pro forma effect shall be calculated as if the rate in effect on the date of calculation had been applicable for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness).

For the avoidance of doubt, the Consolidated EBITDA and all outstanding Indebtedness of any company or business division or other assets to be acquired or disposed of pursuant to a signed purchase agreement (which may be subject to one or more conditions precedent) may be given pro forma effect for the purpose of calculating Pro forma EBITDA.

“Pro forma Non-Controlling Interest EBITDA” means, for any period, an amount equal to the proportion of the Pro forma EBITDA of the Company, a Permitted Affiliate Parent and the Restricted Subsidiaries which would have been attributable to Non-Controlling Interests, on the basis that the relevant measures for calculating such Pro forma EBITDA for such period under the definition of 「Pro forma EBITDA」 (including 「Consolidated EBITDA」) are attributed to such Non-Controlling Interests in accordance with the definition of 「Consolidation」.

“Production Facilities” means any facilities provided by a lender to the Company, a Permitted Affiliate Parent or any Restricted Subsidiary to finance a production.

“Public Debt” means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (1) a public offering registered under the Securities Act or (2) a private placement to institutional investors that is underwritten for resale in accordance with Rule 144A and/or Regulation S under the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC for public resale. For the avoidance of doubt, the term 「Public Debt」 shall not be construed to include any Indebtedness issued to institutional investors in a direct placement of such

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Indebtedness that is not underwritten by an intermediary (it being understood that, without limiting the foregoing, a financing that is distributed to not more than ten Persons (provided that multiple managed accounts and Affiliates of any such Persons shall be treated as one Person for the purposes of this definition) shall be deemed not to be underwritten), or any Indebtedness under the Loan Documents, a Permitted Credit Facility, a Production Facility, commercial bank or similar Indebtedness, Capitalized Lease Obligations or recourse transfer of any financial asset or any other type of Indebtedness Incurred in a manner not customarily viewed as a 「securities offering」.

“Public Market” means any time after an Equity Offering has been consummated, shares of common stock or other common equity interests of the IPO Entity having a market value in excess of $75.0 million on the date of such Equity Offering have been distributed pursuant to such Equity Offering.

“Public Offering” means any offering, including an Initial Public Offering, of shares of common stock or other common equity interests that are listed on an exchange or publicly offered (which shall include any offering pursuant to Rule 144A and/or Regulation S under the Securities Act to professional market investors or similar persons).

“Public Offering Expenses” means expenses Incurred by any Parent in connection with any public offering of Capital Stock or Indebtedness (whether or not successful):

(1) where the net proceeds of such offering are intended to be received by or contributed or loaned to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary; or

(2) in a prorated amount of such expenses in proportion to the amount of such net proceeds intended to be so received, contributed or loaned; or

(3) otherwise on an interim basis prior to completion of such offering so long as any Parent shall cause the amount of such expenses to be repaid to the Company, a Permitted Affiliate Parent or the relevant Restricted Subsidiary out of the proceeds of such offering promptly if completed, in each case, to the extent such expenses are not paid by another Subsidiary of such Parent.

“Purchase Money Note” means a promissory note of a Receivables Entity evidencing the deferred purchase price of Receivables (and related assets) and/or a line of credit, which may be irrevocable, from the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in connection with a Qualified Receivables Transaction with a Receivables Entity, which note is intended to finance that portion of the purchase price that is not paid in cash or a contribution of equity and which (1) is repayable from cash available to the Receivables Entity, other than (a) amounts required to be established as reserves pursuant to agreements, (b) amounts paid to investors in respect of interest, (c) principal and other amounts owing to such investors and (d) amounts owing to such investors and amounts paid in connection with the purchase of newly generated Receivables and (2) may be subordinated to the payments described in clause (1).

“Purchase Money Obligations” means any Indebtedness Incurred to finance or refinance the acquisition, leasing, construction or improvement of property (real or personal) or assets (including Capital Stock), and whether acquired through the direct acquisition of such property or assets or the acquisition of the Capital Stock of any Person owning such property or assets, or otherwise.

“Qualified Receivables Transaction” means any transaction or series of transactions that may be entered into by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries pursuant to which the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries may sell, convey or otherwise transfer to (1) a Receivables Entity (in the case of a transfer by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries) and (2) any other Person (in the case of a transfer by a Receivables Entity), or may grant a Lien in, any Receivables (whether now existing or arising in the future) of the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such Receivables, all contracts and all guarantees or other obligations in respect of such accounts receivable, the proceeds of such Receivables and other assets which are customarily

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transferred, or in respect of which Liens are customarily granted, in connection with asset securitization involving Receivables and any Hedging Obligations entered into by the Company, a Permitted Affiliate Parent or any such Restricted Subsidiary in connection with such Receivables.

“Receivable” means a right to receive payment arising from a sale or lease of goods or the performance of services by a Person pursuant to an arrangement with another Person pursuant to which such other Person is obligated to pay for goods or services under terms that permit the purchase of such goods and services on credit and shall include, in any event, any items of property that would be classified as an 「account」, 「chattel paper」, 「payment intangible」 or 「instrument」 under the Uniform Commercial Code and any 「supporting obligations」 as so defined.

“Receivables Entity” means a Subsidiary of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (or another Person in which the Company, a Permitted Affiliate Parent or any Restricted Subsidiary makes an Investment or to which the Company, a Permitted Affiliate Parent or any Restricted Subsidiary transfers Receivables and related assets) which engages in no activities other than in connection with the financing of Receivables and which is designated by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent (as provided below) as a Receivables Entity:

(1) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which:

(a) is guaranteed by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings);

(b) is recourse to or obligates the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in any way other than pursuant to Standard Securitization Undertakings; or

(c) subjects any property or asset of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings;

except, in each such case, Limited Recourse and Permitted Liens as defined in clauses (30) through (33) and (36) of the definition thereof;

(2) with which neither the Company, a Permitted Affiliate Parent nor any Restricted Subsidiary has any material contract, agreement, arrangement or understanding (except in connection with a Purchase Money Note or Qualified Receivables Transaction) other than on terms not materially less favorable to the Company, such Permitted Affiliate Parent or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Company or such Permitted Affiliate Parent, other than fees payable in the ordinary course of business in connection with servicing Receivables; and

(3) to which neither the Company, a Permitted Affiliate Parent nor any Restricted Subsidiary has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results (other than those related to or incidental to the relevant Qualified Receivables Transaction), except for Limited Recourse and Permitted Liens as defined in clauses (30) through (33) and (36) of the definition thereof.

Any such designation by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent shall be evidenced to the Administrative Agent by promptly delivering to the Administrative Agent an Officer’s Certificate giving effect to such designation and certifying that such designation complied with the foregoing conditions.

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“Receivables Fees” means reasonable distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Receivables Entity in connection with, any Qualified Receivables Transaction.

“Receivables Repurchase Obligation” means any obligation of a seller of Receivables in a Qualified Receivables Transaction to repurchase Receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

“Refinancing” means the repayment of all principal, accrued and unpaid interest, fees and other amounts outstanding on or about the Amendment Effective Date, and the termination of all outstanding commitments, under the Term B-4 Loan Facility (as defined in the 2018 Credit Agreement).

“Refinancing Indebtedness” means Indebtedness that is Incurred to refund, refinance, replace, exchange, renew, repay or extend (including pursuant to any defeasance or discharge mechanism) (collectively, 「refinance」, 「refinances」 and 「refinanced」 shall have a correlative meaning) any Indebtedness existing on the Amendment Effective Date or Incurred in compliance with this Agreement (including Indebtedness of the Company or a Permitted Affiliate Parent that refinances Indebtedness of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, as applicable, and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of the Company, a Permitted Affiliate Parent or another Restricted Subsidiary) including Indebtedness that refinances Refinancing Indebtedness, including successive refinancings; provided that:

(1) if the Indebtedness being refinanced constitutes Subordinated Obligations, (a) if the Stated Maturity of the Indebtedness being refinanced is earlier than the Latest Maturity Date of the Facilities, the Refinancing Indebtedness has a Stated Maturity no earlier than the Stated Maturity of the Indebtedness being refinanced or (b) if the Stated Maturity of the Indebtedness being refinanced is later than the Latest Maturity Date of the Facilities, the Refinancing Indebtedness has a Stated Maturity later than the Latest Maturity Date of the Facilities;

(2) such Refinancing Indebtedness is Incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the sum of the aggregate principal amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced plus an amount to pay any interest, fees and expenses, premiums and defeasance costs, Incurred in connection therewith; and

(3) if the Indebtedness being refinanced constitutes Subordinated Obligations, such Refinancing Indebtedness is subordinated in right of payment to the Obligations on terms at least as favorable to the Finance Parties as those contained in the documentation governing the Indebtedness being refinanced.

Refinancing Indebtedness in respect of any Credit Facility or any other Indebtedness may be Incurred from time to time after the termination, discharge or repayment of all or any part of any such Credit Facility or other Indebtedness.

“Related Business” means any business that is the same as or related, ancillary or complementary to, any of the businesses of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on the Amendment Effective Date.

“Related Person” with respect to any Permitted Holder, means:

(1) any controlling equity holder or majority (or more) owned Subsidiary of such Permitted Holder;

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(2) in the case of an individual, any spouse, family member or relative of such individual, any trust or partnership for the benefit of one or more of such individual and any such spouse, family member or relative, or the estate, executor, administrator, committee or beneficiaries of any thereof; or

(3) any trust, corporation, partnership or other Person for which one or more of the Permitted Holders and other Related Persons of any thereof constitute the beneficiaries, stockholders, partners or owners thereof, or Persons beneficially holding in the aggregate a majority (or more) controlling interest therein.

“Related Taxes” means:

(1) any taxes, including but not limited to sales, use, transfer, rental, ad valorem, value added, stamp, property, consumption, franchise, license, capital, registration, business, customs, net worth, gross receipts, excise, occupancy, intangibles or similar taxes (other than (x) taxes measured by income and (y) withholding imposed on payments made by any Parent), required to be paid by any Parent by virtue of its:

(a) being organized or incorporated or having Capital Stock outstanding (but not by virtue of owning stock or other equity interests of any corporation or other entity other than the Company, a Permitted Affiliate Parent or any Restricted Subsidiary or any of the Company’s, a Permitted Affiliate Parent’s or any Restricted Subsidiary’s Subsidiaries), or

(b) being a Holding Company of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary of the Company’s, a Permitted Affiliate Parent’s or any Restricted Subsidiary’s Subsidiaries, or

(c) receiving dividends from or other distributions in respect of the Capital Stock of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary of the Company’s, a Permitted Affiliate Parent’s or any Restricted Subsidiary’s Subsidiaries, or

(d) having guaranteed any obligations of the Company, a Permitted Affiliate Parent, any Restricted Subsidiary or any Subsidiary of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, or

(e) having made any payment in respect to any of the items for which the Company, a Permitted Affiliate Parent or any Restricted Subsidiary is permitted to make payments to any Parent pursuant to Section 4.07,

in each case, to the extent such taxes are not paid by another Subsidiary or such Parent; or

(2) any taxes measured by income for which any Parent is liable up to an amount not to exceed with respect to such taxes the amount of any such taxes that the Company, a Permitted Affiliate Parent, any Restricted Subsidiary and their respective Subsidiaries would have been required to pay on a separate company basis or on a Consolidated basis if the Company, a Permitted Affiliate Parent, any Restricted Subsidiary and their respective Subsidiaries had paid tax on a Consolidated, combined, group, affiliated or unitary basis on behalf of an affiliated group consisting only of the Company, a Permitted Affiliate Parent, any Restricted Subsidiary and their respective Subsidiaries and any taxes imposed by way of withholding on payments made by one Parent to another Parent on any financing that is provided, directly or indirectly in relation to the Company, a Permitted Affiliate Parent, any Restricted Subsidiary and their respective Subsidiaries (in each case, reduced by any taxes measured by income actually paid by the Company, a Permitted Affiliate Parent, any Restricted Subsidiary and their respective Subsidiaries).

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“Representative” means any trustee, agent or representative (if any) for an issue of Senior Indebtedness or the provider of Senior Indebtedness (if provided on a bilateral basis), as the case may be.

“Reporting Entity” refers to C&W Communications, or following any election made in accordance with Section 4.03(d), the Company or such other Parent of the Company, or, following a Permitted Affiliate Group Designation Date, C&W Parent or a Parent of C&W Parent.

「Reserved Indebtedness Amount」 has the meaning given to that term in Section 4.09.

“Restricted Investment” means any Investment other than a Permitted Investment.

“Restricted Subsidiary” means any Subsidiary of the Company or of a Permitted Affiliate Parent (including any Borrower), together with any Affiliate Subsidiaries, in each case, other than an Unrestricted Subsidiary.

“Sable Holding” means Sable Holding Limited and its successors.

“SEC” means the United States Securities and Exchange Commission.

“Securities Act” means the United States Securities Act of 1933, as amended.

“Securitization Obligation” means any Indebtedness or other obligation of any Receivables Entity.

“Senior Indebtedness” means, whether outstanding on the Amendment Effective Date or thereafter Incurred, all amounts payable by, under or in respect of all other Indebtedness of the Loan Parties, including premiums and accrued and unpaid interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to each Loan Party at the rate specified in the documentation with respect thereto whether or not a claim for post filing interest is allowed in such proceeding) and fees relating thereto; provided that Senior Indebtedness will not include:

(1) any Indebtedness Incurred in violation of this Agreement;

(2) any obligation of any Loan Party to any Restricted Subsidiary;

(3) any liability for taxes owed or owing by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary;

(4) any accounts payable or other liability to trade creditors arising in the ordinary course of business (including guarantees thereof or instruments evidencing such liabilities);

(5) any Indebtedness, guarantee or obligation of a Loan Party that is expressly subordinate or junior in right of payment to any other Indebtedness, guarantee or obligation of a Loan Party, including, without limitation, any Subordinated Obligation; or

(6) any Capital Stock.

「Senior Notes Issuer」 means C&W Senior Finance Limited, and any and all successors thereto.

“Senior Secured Indebtedness” means, with respect to any Person as of any date of determination, any Indebtedness that is (1) secured by a First-Priority Lien, (2) Incurred by a Loan Party and secured by any other Lien on assets of a Loan Party or any Restricted Subsidiary (other than a Lien permitted under clauses (22), (28) or (29) of the definition of 「Permitted Liens」) or (3) Incurred by a Restricted Subsidiary that is not a Loan Party (other than any Refinancing Indebtedness Incurred by Cable & Wireless International Finance B.V. in respect thereof), in each case, without double counting.

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“Significant Subsidiary” means any Restricted Subsidiary which, together with the Restricted Subsidiaries of such Restricted Subsidiary, accounted for more than 10.0% of Total Assets as of the end of the most recently completed fiscal year.

“Solvent Liquidation” means any voluntary liquidation, winding up or corporate reconstruction involving the business or assets of, or shares of (or other interests in) any Subsidiary of a Parent or any Grantor (other than the Borrowers); provided that to the extent such Subsidiary of a Parent or Grantor involved in such Solvent Liquidation is a Guarantor, the Successor Company assumes all the obligations of that Guarantor under the Loan Documents and any Intercreditor Agreement, to which such Guarantor was a party prior to the Solvent Liquidation unless (i) such Successor Company is an existing Guarantor or (ii) such Successor Company would, but for the operation of this proviso, no longer be required to guarantee the Facilities or any other Senior Secured Indebtedness secured on the Collateral and accordingly any guarantee required by this proviso would become subject to automatic release in accordance with Section 11.09(b) of this Agreement.

「SPV Issuer」 means C&W Senior Financing Designated Activity Company, and any and all successors thereto.

“Special Dividend” means the special dividend in the amount of in the amount of £0.03 per share paid to the C&W Communications’ shareholders of record immediately prior to the consummation of the 2016 Liberty Acquisition.

“Specified Legal Expenses” means, to the extent not constituting an extraordinary, non-recurring or unusual loss, charge or expense, all attorneys’ and experts’ fees and expenses and all other costs, liabilities (including all damages, penalties, fines and indemnification and settlement payments) and expenses paid or payable in connection with any threatened, pending, completed or future claim, demand, action, suit, proceeding, inquiry or investigation (whether civil, criminal, administrative, governmental or investigative).

“Spin-Off” means a transaction by which all outstanding ordinary and/or equity shares of the Company and any Permitted Affiliate Parent or a Parent of the Company or such Permitted Affiliate Parent directly or indirectly owned by the Ultimate Parent are distributed to (1) all of the Ultimate Parent’s shareholders or (2) all of the shareholders comprising one or more group of the Ultimate Parent’s shareholders as provided by the Ultimate Parent’s articles of association, in each case, either directly or indirectly through the distribution of shares in a Parent holding the Company’s and any Permitted Affiliate Parent’s shares or such Parent’s shares.

“Spin Parent” means the Person the shares of which are distributed to the shareholders of the Ultimate Parent pursuant to the Spin-Off.

“Standard Securitization Undertakings” means representations, warranties, covenants and indemnities entered into by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary which are reasonably customary in securitization of Receivables transactions, including, without limitation, those relating to the servicing of the assets of a Receivables Entity and Limited Recourse, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking.

“Stated Maturity” means, with respect to any security, loan or other evidence of Indebtedness, the date specified in such security, loan or other evidence of Indebtedness as the fixed date on which the payment of principal of such security, loan or other evidence of Indebtedness is due and payable, including pursuant to any mandatory repayment, redemption or repurchase provision, but shall not include any contingent obligations to repay, redeem or repurchase any such principal prior to the date originally scheduled for the payment thereof.

“Subordinated Obligation” means, in the case of a Borrower, any Indebtedness of such Borrower (whether outstanding on the Amendment Effective Date or thereafter Incurred) which is expressly subordinate or junior in right of payment to the Obligations pursuant to a written agreement and, in the case of a Guarantor, any Indebtedness of such Guarantor (whether outstanding on the Amendment Effective Date or thereafter Incurred) which is expressly subordinate or junior in right of payment to the Guaranty of such Guarantor pursuant to a written agreement.

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“Subordinated Shareholder Loans” means Indebtedness of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (and any security into which such Indebtedness, other than Capital Stock, is convertible or for which it is exchangeable at the option of the holder) issued to and held by any Affiliate (other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary) that (either pursuant to its terms or pursuant to an agreement with respect thereto):

(1) does not mature or require any amortization, redemption or other repayment of principal or any sinking fund payment prior to the first anniversary of the Latest Maturity Date of the Facilities (other than through conversion or exchange of such Indebtedness into Capital Stock (other than Disqualified Stock) of the Company or a Permitted Affiliate Parent, as applicable, or any Indebtedness meeting the requirements of this definition);

(2) does not require, prior to the first anniversary of the Latest Maturity Date of the Facilities, payment of cash interest, cash withholding amounts or other cash gross-ups, or any similar cash amounts;

(3) contains no change of control or similar provisions that are effective, and does not accelerate and has no right to declare a default or event of default or take any enforcement action or otherwise require any cash payment prior to the first anniversary of the Latest Maturity Date of the Facilities;

(4) does not provide for or require any Lien or encumbrance over any asset of the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries;

(5) is subordinated in right of payment to the prior payment in full of the Obligations in the event of (a) a total or partial liquidation, dissolution or winding up of the Company or a Permitted Affiliate Parent or such Restricted Subsidiary, as applicable, (b) a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property, a Permitted Affiliate Parent or its property or a Restricted Subsidiary or its property, as applicable, (c) an assignment for the benefit of creditors or (d) any marshalling of the Company’s, a Permitted Affiliate Parent’s or a Restricted Subsidiary’s assets and liabilities, as applicable;

(6) under which the Company or a Permitted Affiliate Parent or such Restricted Subsidiary, as applicable, may not make any payment or distribution of any kind or character with respect to any obligations on, or relating to, such Subordinated Shareholder Loans if (a) a payment Default under a Loan Document in relation to the Obligations occurs and is continuing or (b) any other Default under the Loan Documents occurs and is continuing that permits the Lenders to accelerate their outstanding Loans and the Company or a Permitted Affiliate Parent or a Restricted Subsidiary, as applicable, receives notice of such Default from the Administrative Agent, until in each case the earliest of (i) the date on which such Default is cured or waived or (ii) 180 days from the date such Default occurs (and only one such notice may be given during any 360 day period); and

(7) under which, if the holder of such Subordinated Shareholder Loans receives a payment or distribution with respect to such Subordinated Shareholder Loan (a) other than in accordance with this Agreement or as a result of a mandatory requirement of applicable Law or (b) under circumstances described under clauses (5)(a) through (d) above, such holder will forthwith pay all such amounts to the Administrative Agent or the Security Trustee to be held in trust for application in accordance with the Loan Documents.

“Subsidiary” of any Person means (1) any corporation, association or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total ordinary voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof (or Persons performing similar functions) or (2) any partnership, joint venture limited liability company or similar entity of which more than 50% of the capital

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accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, is, in the case of clauses (1) and (2), at the time owned or controlled, directly or indirectly, by (a) such Person, (b) such Person and one or more Subsidiaries of such Person or (c) one or more Subsidiaries of such Person. Except as used in Section 4.09(b)(7)(B), the definitions of 「ordinary course of business」, 「CWC Group」 and clause (2)(b) of 「Permitted Collateral Liens」, or as otherwise specified herein or unless as the context may require, each reference to a Subsidiary will refer to a Subsidiary of the Company or a Permitted Affiliate Parent.

“Telecommunications Services of Trinidad and Tobago” means Telecommunications Services of Trinidad and Tobago Limited.

“Test Period” means, on any date of determination, the period of the most recent two consecutive fiscal quarters for which, at the option of the Company or a Permitted Affiliate Parent, (1) interim management statements and/or quarterly financial statements have previously been furnished to the Administrative Agent pursuant to Section 4.03 or (2) internal interim management statements and/or internal financial statements of the Reporting Entity are available immediately preceding the date of determination (the “L2QA Test Period”); provided that, the Company may make an election to establish that 「Test Period」 shall mean, on the date of determination the period of the most recent four consecutive fiscal quarters for which, at the option of the Company or a Permitted Affiliate Parent, (i) quarterly financial statements have previously been furnished to the Administrative Agent pursuant to Section 4.03 or (ii) internal financial statements of the Reporting Entity are available immediately preceding the date of determination (the “LTM Test Period”). The calculation of Pro forma EBITDA and Pro forma Non-Controlling Interest EBITDA in respect of any Test Period that is an L2QA Test Period shall be determined by multiplying Pro forma EBITDA or Pro forma Non-Controlling Interest EBITDA, as applicable, for such L2QA Test Period by two. The Company may only make one election to change from the L2QA Test Period to the LTM Test Period and once so elected may not then elect to change from the LTM Test Period back to the L2QA Test Period.

“Total Assets” means the Consolidated total assets of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries as shown on the most recent balance sheets (excluding the footnotes thereto) which have previously been furnished to the Administrative Agent pursuant to Section 4.03 or are internally available immediately preceding the date of determination (and, in the case of any determination relating to any Incurrence of Indebtedness, any Restricted Payment or other determination under this Agreement, calculated with such pro forma and other adjustments as are consistent with the pro forma provisions set forth in the definition of 「Pro forma EBITDA」 including, but not limited to, any property or assets being acquired in connection therewith).

“Towers Assets” means:

(1) all present and future wireless and broadcast towers and tower sites that host or assist in the operation of plant and equipment used for transmitting telecommunications signals, being tower and tower sites that are owned by or vested in the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (whether pursuant to title, rights in rem, leases, rights of use, site sharing rights, concession rights or otherwise) and include, without limitation, any and all towers and tower sites under construction;

(2) all rights (including, without limitation, rights in rem, leases, rights of use, site sharing rights and concession rights), title, deposits (including, without limitation, deposits placed with landlords, electricity boards and transmission companies) and interest in, or over, the land or property on which such towers and tower sites referred to in paragraph (1) above have been or will be constructed or erected or installed;

(3) all current assets relating to the towers or tower sites and their operation referred to in paragraph (1) above, whether movable, immovable or incorporeal;

(4) all plant and equipment customarily treated by telecommunications operators as forming part of the towers or tower sites referred to in paragraph (1) above, including, in particular, but

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without limitation, the electricity power connections, utilities, diesel generator sets, batteries, power management systems, air conditioners, shelters and all associated civil and electrical works; and

(5) all permits, licences, approvals, registrations, quotas, incentives, powers, authorities, allotments, consents, rights, benefits, advantages, municipal permissions, trademarks, designs, copyrights, patents and other intellectual property and powers of every kind, nature and description whatsoever, whether from government bodies or otherwise, pertaining to or relating to paragraphs (1) to (4) above; and

(6) shares or other interests in Tower Companies.

“Tower Company” means a company or other entity whose principal activity relates to Towers Assets and substantially all of whose assets are Towers Assets.

“Trade Payables” means, with respect to any Person, any accounts payable or any indebtedness or monetary obligation to trade creditors created, assumed or guaranteed by such Person arising in the ordinary course of business in connection with the acquisition of goods or services.

“Transactions” means (1) the entry into this Agreement and the other Loan Documents, (2) the funding of the Loans and Commitments hereunder and the consummation of the Refinancing, (3) any Spin-Off (except for purposes of Section 4.07(a)(22), 4.09(a)(20) or 5.01(e)), (4) any Permitted Financing Activities (except for purposes of Section 5.01(e)), (5) any Post-Closing Reorganization, (6) the 2016 Transactions, (7) any Permitted Tax Reorganization and (8) all other associated transactions taken in relation to any of the foregoing and the payment or incurrence of any fees, expenses or charges associated with any such transactions.

“TSTT HoldCo” means any wholly-owned Subsidiary of the Company or a Permitted Affiliate Parent that holds no material assets other than the Capital Stock of Telecommunications Services of Trinidad and Tobago.

“Ultimate Parent” means (1) Liberty Latin America and any and all successors thereto or (2) upon consummation of a Spin-Off, 「Ultimate Parent」 will mean the Spin Parent and its successors and (3) upon consummation of a Parent Joint Venture Transaction, 「Ultimate Parent」 will mean each of the top tier Parent entities of the Parent Joint Venture Holders and their successors.

“Unrestricted Subsidiary” means:

(1) any Subsidiary of the Company or a Permitted Affiliate Parent, or any Affiliate Subsidiary, that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors of the Company or a Permitted Affiliate Parent in the manner provided below; and

(2) any Subsidiary of an Unrestricted Subsidiary.

The Company or a Permitted Affiliate Parent may designate any Subsidiary of the Company or a Permitted Affiliate Parent, or an Affiliate Subsidiary, as applicable (including any newly acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger or consolidation or Investment therein), to be an Unrestricted Subsidiary only if such designation and the Investment of the Company or a Permitted Affiliate Parent in such Subsidiary or Affiliate Subsidiary complies with Section 4.07.

Any such designation shall be evidenced to the Administrative Agent by promptly filing with the Administrative Agent an Officer’s Certificate certifying that such designation complies with the foregoing conditions.

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The Company or a Permitted Affiliate Parent may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that immediately after giving effect to such designation, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and either (1) the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries could Incur at least $1.00 of additional Indebtedness under Section 4.09(a)(2) or (2) the Consolidated Senior Secured Net Leverage Ratio would be no greater than it was immediately prior to giving effect to such designation, in each case, on a pro forma basis taking into account such designation.

“Voting Stock” of a Person means all classes of Capital Stock of such Person then outstanding and normally entitled to vote in the election of directors.

“Wholly Owned Subsidiary” means (1) in respect of any Person, a Person, all of the Capital Stock of which (other than (a) directors’ qualifying shares or an immaterial amount of shares required to be owned by other Persons pursuant to applicable Law, regulation or to ensure limited liability and (b) in the case of a Receivables Entity, shares held by a Person that is not an Affiliate of the Company or a Permitted Affiliate Parent solely for the purpose of permitting such Person (or such Person’s designee) to vote with respect to customary major events with respect to such Receivables Entity, including without limitation the institution of bankruptcy, insolvency or other similar proceedings, any merger or dissolution, and any change in charter documents or other customary events) is owned by that Person directly or (2) indirectly by a Person that satisfies the requirements of clause (1).

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ANNEX 2
COVENANTS

Unless otherwise specified herein, (i) references in this Annex II to sections of Article 4 or 5 are to those sections of this Annex II and (ii) defined terms used in this Annex II shall bear the meanings given to them in Annex I or as otherwise given to them in Section 1.01 of this Agreement. For the avoidance of doubt, the section references in this Annex II is deliberately retained for consistency given the equivalent provisions in indentures entered into by Liberty Latin America and its Subsidiaries for ease of reference.

ARTICLE 4

Section 4.01 [Reserved]

Section 4.02 [Reserved]

Section 4.03 Reports

(a) The Company or any Permitted Affiliate Parent will provide to the Administrative Agent, and, in each case of clauses (1) and (2) of this Section 4.03(a), will post on its, the Reporting Entity’s or the Ultimate Parent’s website (or make similar disclosure) the following (provided that to the extent any reports are filed on the SEC’s website or on the Reporting Entity’s or the Ultimate Parent’s website, such reports shall be deemed to be provided to the Administrative Agent):

(1) within 150 days after the end of each fiscal year, audited combined or Consolidated balance sheets of the Reporting Entity as of the end of the two most recent fiscal years (or such shorter period as the Reporting Entity has been in existence) and audited combined or Consolidated income statements and statements of cash flow of the Reporting Entity for the two most recent fiscal years (or such shorter period as the Reporting Entity has been in existence), in each case prepared in accordance with GAAP, including appropriate footnotes to such financial statements, and a report of the independent public accountants on the financial statements; provided that such financial statements need not (i) contain any segment data other than as required under GAAP in its financial statements with respect to the period presented, (ii) include any exhibits or (iii) include separate financial statements for any Affiliates of the Reporting Entity or any acquired businesses;

(2) within 75 days after the end of each of the first, second and third quarters of each fiscal year, to the extent the Reporting Entity is not required under English law to provide financial statements, a report or announcement disclosing the Reporting Entity’s revenue, ending period cash on balance sheet, net debt and capital expenditures, accompanied by customary management commentary (an “interim management statement”); provided that such financial statements need not (i) contain any segment data other than as required under GAAP in its financial statements with respect to the period presented, (ii) include any exhibits or (iii) include separate financial statements for any Affiliates of the Reporting Entity or any acquired businesses; and

(3) within 10 days after the occurrence of such event, information with respect to (i) any change in the independent public accountants of the Reporting Entity (unless such change is made in conjunction with a change in the auditor of the Ultimate Parent), (ii) any material acquisition or disposal of the Company, the Permitted Affiliate Parents and the Restricted Subsidiaries, taken as a whole and (iii) any material development in the business of the Company, the Permitted Affiliate Parents and the Restricted Subsidiaries, taken as a whole.

(b) If the Company or a Permitted Affiliate Parent has designated any of its Subsidiaries as Unrestricted Subsidiaries and any such Unrestricted Subsidiary or group of Unrestricted Subsidiaries would, if they were Restricted Subsidiaries, constitute Significant Subsidiaries of the Reporting Entity, then the annual and quarterly financial statements required by Section 4.03(a)(1) and Section 4.03(a)(2), as applicable, shall include a reasonably detailed presentation, either on the face of the financial statements, in the footnotes thereto or in a separate report delivered therewith, of the financial condition and results of operations of the Reporting Entity and the Restricted Subsidiaries separate from the financial condition and results of operations of such Unrestricted Subsidiaries.

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(c) Following any election by the Reporting Entity to change accounting principles in accordance with the definition of GAAP the annual and quarterly information required by Section 4.03(a)(1) and Section 4.03(a)(2), as applicable, shall include any reconciliation presentation required by clause (2)(a) of the definition of GAAP.

(d) Notwithstanding the foregoing, the Company may satisfy its obligations under Section 4.03(a)(1) and Section 4.03(a)(2) by (i) prior to a Permitted Affiliate Group Designation Date, delivering the corresponding Consolidated annual and quarterly financial statements of any Parent of the Company and (ii) following a Permitted Affiliate Group Designation Date, delivering the corresponding condensed combined or Consolidated annual or quarterly financial statements, as applicable, of C&W Parent or any Parent of C&W Parent; provided that to the extent that material differences exist between the business, assets, results of operations or financial condition of (i) the Reporting Entity and (ii) the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries (excluding, for the avoidance of doubt, the effect of any intercompany balances between the Reporting Entity and the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries), such annual and quarterly financial statements shall include an unaudited reconciliation of such Parent’s or C&W Parent’s (as the case may be) financial statements to the condensed combined or Consolidated financial statements of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries.

Section 4.04 [Reserved]

Section 4.05 [Reserved]

Section 4.06 [Reserved]

Section 4.07 Limitation on Restricted Payments

(a) The Company and any Permitted Affiliate Parent will not, and will not permit any of the Restricted Subsidiaries, directly or indirectly:

(1) to declare or pay any dividend or make any distribution on or in respect of its Capital Stock (including any payment in connection with any merger or consolidation involving the Company, any Permitted Affiliate Parent or any of the Restricted Subsidiaries) except:

(A) dividends or distributions payable in Capital Stock of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary (other than Disqualified Stock) or Subordinated Shareholder Loans; and

(B) dividends or distributions payable to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (and if such Restricted Subsidiary is not a Wholly Owned Subsidiary of the Company or a Permitted Affiliate Parent, as applicable, to its other holders of common Capital Stock on a pro rata basis);

(2) to purchase, redeem, retire or otherwise acquire for value any Capital Stock of the Company, a Permitted Affiliate Parent, or any Affiliate Subsidiary or any Parent of the Company, a Permitted Affiliate Parent, or any Affiliate Subsidiary held by Persons other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (other than in exchange for Capital Stock of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary (other than Disqualified Stock) or Subordinated Shareholder Loans);

(3) to purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Obligations (other than (i) the purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Obligations purchased in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement, (ii) in exchange for Capital Stock of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary (other than Disqualified Stock) or (iii) Indebtedness permitted under Section 4.09(b)(2)); or

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(4) to make any Restricted Investment in any Person;

(any such dividend, distribution, purchase, redemption, repurchase, defeasance, other acquisition, retirement or Restricted Investment referred to in Section 4.07(a)(1) through Section 4.07(a)(4) is referred to herein as a “Restricted Payment”), if at the time the Company, such Permitted Affiliate Parent or such Restricted Subsidiary makes such Restricted Payment:

(A) except in the case of a Restricted Investment, an Event of Default shall have occurred and be continuing (or would result therefrom); or

(B) except in the case of a Restricted Investment, if such Restricted Payment is made in reliance on Section 4.07(a)(C)(i) below, the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries are not able to Incur an additional $1.00 of Indebtedness pursuant to Section 4.09(a)(2), after giving effect, on a pro forma basis, to such Restricted Payment; or

(C) the aggregate amount of such Restricted Payment and all other Restricted Payments declared or made subsequent to April 1, 2015 and not returned or rescinded (excluding all Restricted Payments permitted by Section 4.07(b)) would exceed the sum of:

(i) an amount equal to 100% of the Consolidated EBITDA for the period beginning on the first day of the first full fiscal quarter commencing prior to April 1, 2015 to the end of the Reporting Entity’s most recently ended full fiscal quarter ending prior to the date of such Restricted Payment for which internal Consolidated financial statements of the Reporting Entity are available, taken as a single accounting period, less the product of 1.4 times the Consolidated Interest Expense for such period;

(ii) 100% of the aggregate Net Cash Proceeds and the fair market value, of marketable securities, or other property or assets, received by the Company, any Permitted Affiliate Parent or any Affiliate Subsidiary from the issue or sale of its Capital Stock (other than Disqualified Stock) or other capital contributions or received by the Company, any Permitted Affiliate Parent or any Restricted Subsidiary from the issue or sale of Subordinated Shareholder Loans subsequent to April 1, 2015 (other than (A) Net Cash Proceeds received from an issuance or sale of such Capital Stock or Subordinated Shareholder Loans to the Company, a Permitted Affiliate Parent, a Restricted Subsidiary or an employee stock ownership plan, option plan or similar trust to the extent such sale to an employee stock ownership plan or similar trust is financed by loans from or guaranteed by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination, (B) Excluded Contributions, (C) Net Cash Proceeds, or other property or assets, if any, received by the Company as capital contributions or Subordinated Shareholder Loans that were subsequently used to fund the Special Dividend, (D) any Cure Amounts or (E) any property received in connection with Section 4.07(b)(26));

(iii) 100% of the aggregate Net Cash Proceeds and the fair market value, of marketable securities, or other property or assets, received by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary from the issuance or sale (other than to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary) by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary subsequent to April 1, 2015 of any Indebtedness that has been converted into or exchanged for Capital Stock of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary (other than Disqualified Stock) or Subordinated Shareholder Loans; provided that the proceeds of any Cure Amounts shall not be taken into account for the purposes of this Section 4.07(a)(C)(iii);

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(iv) the amount equal to the net reduction in Restricted Investments made by the Company, any Permitted Affiliate Parent or any of the Restricted Subsidiaries subsequent to April 1, 2015 resulting from:

(a) repurchases, redemptions or other acquisitions or retirements of any such Restricted Investment, proceeds realized upon the sale or other disposition to a Person other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary of any such Restricted Investment, repayments of loans or advances or other transfers of assets (including by way of dividend, distribution, interest payments or returns of capital) to the Company, a Permitted Affiliate Parent or any Restricted Subsidiary; or

(b) the redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries (valued, in each case, as provided in the definition of 「Investment」) not to exceed, in the case of any Unrestricted Subsidiary, the amount of Investments previously made by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in such Unrestricted Subsidiary,

which amount in each case under this Section 4.07(a)(C)(iv) was included in the calculation of the amount of Restricted Payments; provided that no amount will be included in Consolidated EBITDA for the purposes of Section 4.07(a)(C)(i) to the extent that it is (at the Company’s option) included under this Section 4.07(a)(C)(iv);

(v) without duplication of amounts included in Section 4.07(a)(C)(iv), the amount by which Indebtedness of the Company, any Permitted Affiliate Parent or any Affiliate Subsidiary is reduced on the Company’s, such Permitted Affiliate Parent’s or such Affiliate Subsidiary’s Consolidated balance sheet, as applicable, upon the conversion or exchange of any Indebtedness of the Company, such Permitted Affiliate Parent or such Affiliate Subsidiary issued after April 1, 2015, which is convertible or exchangeable for Capital Stock (other than Disqualified Stock) of the Company, such Permitted Affiliate Parent or such Affiliate Subsidiary, as applicable, held by Persons not including the Company, such Permitted Affiliate Parent or any of the Restricted Subsidiaries, as applicable (less the amount of any cash or the fair market value of other property or assets distributed by the Company, such Permitted Affiliate Parent or such Affiliate Subsidiary upon such conversion or exchange); and

(vi) 100% of the Net Cash Proceeds and the fair market value of marketable securities, or other property or assets, received by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries in connection with: (A) the sale or other disposition (other than to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary or an employee stock ownership plan or trust established by the Company, a Permitted Affiliate Parent or any Subsidiary of the Company or of a Permitted Affiliate Parent for the benefit of its employees to the extent funded by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination) of Capital Stock of an Unrestricted Subsidiary; and (B) any dividend or distribution made by an Unrestricted Subsidiary to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary; provided that no amount will be included in Consolidated EBITDA for the purposes of Section 4.07(a)(C)(i) to the extent that it is (at the Company’s option) included under this Section 4.07(a)(C)(vi).

The fair market value of property or assets other than cash for, purposes of this Section 4.07, shall be the fair market value thereof as determined conclusively by the Board of Directors, senior management or an Officer of the Company or a Permitted Affiliate Parent.

(b) Section 4.07(a) will not prohibit:

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(1) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Capital Stock, Disqualified Stock, Subordinated Shareholder Loans or Subordinated Obligations of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary made by exchange (including any such exchange pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of the issuance of fractional shares) for, or out of the proceeds of the sale or issuance within 90 days of, Subordinated Shareholder Loans, or Capital Stock of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary (other than Disqualified Stock or Capital Stock issued or sold to a Restricted Subsidiary or an employee stock ownership plan or similar trust to the extent such sale to an employee stock ownership plan or similar trust is financed by loans from or guaranteed by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination), or a substantially concurrent capital contribution to the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary; provided that the Net Cash Proceeds from such sale or issuance of Capital Stock or Subordinated Shareholder Loans or from such capital contribution will be excluded from Section 4.07(a)(C)(ii);

(2) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Obligations of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary made by exchange for, or out of the proceeds of the sale or issuance within 90 days of, Subordinated Obligations of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary that is permitted or otherwise not prohibited to be Incurred pursuant to Section 4.09 and that in each case constitutes Refinancing Indebtedness;

(3) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Disqualified Stock of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary made by exchange for, or out of the proceeds of the sale or issuance within 90 days of Disqualified Stock of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary, as the case may be, that, in each case, is permitted or not otherwise prohibited to be Incurred pursuant to Section 4.09 and that in each case constitutes Refinancing Indebtedness;

(4) dividends paid within 60 days after the date of declaration if at such date of declaration such dividend would have complied with this provision;

(5) the purchase, repurchase, defeasance, redemption or other acquisition, cancellation or retirement for value of Capital Stock, or options, warrants, equity appreciation rights or other rights to purchase or acquire Capital Stock of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary or any parent of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary held by any existing or former employees or management of the Company, a Permitted Affiliate Parent, an Affiliate Subsidiary or any Subsidiary of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary or their assigns, estates or heirs, in each case in connection with the repurchase provisions under employee stock option or stock purchase agreements or other agreements to compensate management employees or where such purchase, repurchase, redemption, defeasance or other acquisition, cancellation or retirement for value of such Capital Stock or options, warrants, equity appreciation rights or other rights to purchase or acquire such Capital Stock is made as a hedge against a management incentive scheme or other employee bonus scheme in which a bonus or other incentive payment is payable in the relevant Capital Stock or is based on the price of the relevant Capital Stock; provided that such purchases, repurchases, defeasances, redemptions or other acquisitions pursuant to this Section 4.07(b)(5) will not exceed $10.0 million in the aggregate during any calendar year (with any unused amounts in any preceding calendar year being carried over to the succeeding calendar year);

(6) the declaration and payment of dividends to holders of any class or series of Disqualified Stock, or of any Preferred Stock of a Restricted Subsidiary, Incurred in accordance with the terms of, or otherwise not prohibited to be Incurred pursuant to, Section 4.09;

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(7) purchases, repurchases, redemptions, defeasance or other acquisitions or retirements of Capital Stock deemed to occur upon the exercise of stock options, warrants or other convertible securities if such Capital Stock represents a portion of the exercise price thereof;

(8) the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of any Subordinated Obligation:

(A) at a purchase price not greater than 101% of the principal amount of such Subordinated Obligation in the event of a Change of Control; provided that prior to or simultaneously with such purchase, repurchase, redemption, defeasance or other acquisition or retirement specified in this Section 4.07(b)(8)(A), the Company has notified the Administrative Agent of such Change of Control and the Required Lenders have not required a prepayment and cancellation of the Facilities under Section 2.05(b)(ix) of this Agreement; or

(B) (i) consisting of Acquired Indebtedness (other than Indebtedness Incurred to provide all or any portion of the funds utilized to consummate the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was designated a Permitted Affiliate Parent or an Affiliate Subsidiary or was otherwise acquired by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary) and (ii) at a purchase price not greater than 100% of the principal amount of such Subordinated Obligation plus accrued and unpaid interest and any premium required by the terms of such Acquired Indebtedness;

(9) dividends, loans, advances or distributions to any Parent or other payments by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in amounts equal to:

(A) the amounts required for any Parent to pay Parent Expenses;

(B) the amounts required for any Parent to pay Public Offering Expenses or fees and expenses related to any other equity or debt offering of such Parent that are directly attributable to the operation of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries;

(C) the amounts required for any Parent to pay Related Taxes or, without duplication, pursuant to any tax sharing agreement or any arrangement between or among the Ultimate Parent, a Loan Party, any other Person or a Restricted Subsidiary; and

(D) amounts constituting payments satisfying the requirements of Section 4.11(b)(11), Section 4.11(b)(12) or Section 4.11(b)(22);

(10) Restricted Payments in an aggregate amount outstanding at any time not to exceed the aggregate cash amount of Excluded Contributions, or consisting of non-cash Excluded Contributions, or Investments in exchange for or using as consideration Investments previously made under this Section 4.07(b)(10);

(11) payments by the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary, or loans, advances, dividends or distributions to any Parent to make payments to holders of Capital Stock of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary or any Parent in lieu of the issuance of fractional shares of such Capital Stock;

(12) Restricted Payments in relation to any tax losses received by the Company, any Permitted Affiliate Parent or any Restricted Subsidiary from the Ultimate Parent or any of its Subsidiaries (other than the Company, any Permitted Affiliate Parent or any Restricted Subsidiary); provided that (i) such Restricted Payments shall only be made in relation to such

216

tax losses in an amount equal to the amount of tax that would have otherwise been required to be paid by the Company, any Permitted Affiliate Parent or any Restricted Subsidiary if those tax losses were not so received and such payment shall only be made in the tax year in which such losses are utilized by the Company, any Permitted Affiliate Parent or any Restricted Subsidiary or (ii) such payments shall only be made in relation to such tax losses in an amount not exceeding, in any financial year, the greater of $150.0 million and 2.0% of Total Assets (with any unused amounts in any financial year being carried over to the next succeeding financial year);

(13) so long as no Default or Event of Default of the type specified in Section 8.01(a) of this Agreement has occurred and is continuing, any Restricted Payment to the extent that, after giving pro forma effect to any such Restricted Payment, the Consolidated Senior Secured Net Leverage Ratio would not exceed 4.00 to 1.00;

(14) Restricted Payments in an aggregate amount at any time outstanding, when taken together with all other Restricted Payments made pursuant to this Section 4.07(b)(14), not to exceed the greatest of (A) $250.0 million and (B) 5.0% of Total Assets and (C) 0.25 multiplied by the Pro forma EBITDA for the Test Period, in the aggregate in any calendar year (with any unused amounts in any preceding calendar year being carried over to the succeeding calendar year);

(15) [Reserved];

(16) Restricted Payments for the purpose of making corresponding payments on:

(A) the Existing Senior Notes;

(B) any Indebtedness of a Parent; provided that, in the case of this Section 4.07(b)(16)(B), (i) on the date of Incurrence of such Indebtedness by a Parent and after giving effect thereto on a pro forma basis, the Consolidated Net Leverage Ratio, calculated for the purposes of this Section 4.07(b)(16) as if such Indebtedness of such Parent were being Incurred by the Company or a Permitted Affiliate Parent, would not exceed 5.00 to 1.00 or (ii) such Indebtedness of a Parent is guaranteed by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary pursuant to Section 4.09(b)(15);

(C) any Indebtedness of a Parent or any such Parent’s Subsidiaries, to the extent that such Indebtedness is guaranteed by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary pursuant to a guarantee otherwise permitted to be Incurred under this Agreement;

(D) any Indebtedness of a Parent or any such Parent’s Subsidiaries (i) the net proceeds of which are or were used in the prepayment, repayment, redemption, defeasance, retirement or purchase of the Facilities or other Indebtedness of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary, in whole or in part or (ii) the net proceeds of which are or were contributed to or otherwise loaned or transferred to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary or (iii) which is otherwise Incurred for the benefit of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary,

and, in each case of Section 4.07(b)(16)(A), Section 4.07(b)(16)(B), Section 4.07(b)(16)(C) and Section 4.07(b)(16)(D), any Refinancing Indebtedness in respect thereof;

(17) the distribution, as a dividend or otherwise, of shares of Capital Stock of or, Indebtedness owed to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary by, Unrestricted Subsidiaries;

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(18) following a Public Offering of the Company, any Permitted Affiliate Parent or any Parent, the declaration and payment by the Company, such Permitted Affiliate Parent or such Parent, or the making of any cash payments, advances, loans, dividends or distributions to any Parent to pay, dividends or distributions on the Capital Stock, common stock or common equity interests of the Company, any Permitted Affiliate Parent or any Parent; provided that the aggregate amount of all such dividends or distributions under this Section 4.07(b)(18) shall not exceed in any fiscal year the greater of (A) 6.0% of the Net Cash Proceeds received from such Public Offering or subsequent Equity Offering by the Company, a Permitted Affiliate Parent or Parent or contributed to the capital of the Company or a Permitted Affiliate Parent by any Parent in any form other than Indebtedness or Excluded Contributions and (B) following the Initial Public Offering, an amount equal to the greater of (i) 7.0% of the Market Capitalization and (ii) 7.0% of the IPO Market Capitalization; provided that after giving pro forma effect to the payment of any such dividend or making of any such distribution, the Consolidated Senior Secured Net Leverage Ratio would not exceed 4.00 to 1.00;

(19) after the designation of any Restricted Subsidiary as an Unrestricted Subsidiary, distributions (including by way of dividend) consisting of cash, Capital Stock or property or other assets of such Unrestricted Subsidiary that in each case is held by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary; provided that: (A) such distribution or disposition shall include the concurrent transfer of all liabilities (contingent or otherwise) attributable to the property or other assets being transferred; (B) any property or other assets received from any Unrestricted Subsidiary (other than Capital Stock issued by any Unrestricted Subsidiary) may be transferred by way of distribution or disposition pursuant to this Section 4.07(b)(19) only if such property or other assets, together with all related liabilities, is so transferred in a transaction that is substantially concurrent with the receipt of the proceeds of such distribution or disposition by the Company, such Permitted Affiliate Parent or such Restricted Subsidiary; and (C) such distribution or disposition shall not, after giving effect to any related agreements, result nor be likely to result in any material liability, tax or other adverse consequences to the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries on a Consolidated basis; provided, further, however, that proceeds from the disposition of any cash, Capital Stock or property or other assets of an Unrestricted Subsidiary that are so distributed will not increase the amount of Restricted Payments permitted under Section 4.07(a)(C)(iv);

(20) [Reserved];

(21) any Business Division Transaction or Content Transaction; provided that after giving pro forma effect thereto, the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries could Incur at least $1.00 of additional Indebtedness under Section 4.09(a)(2);

(22) any Restricted Payment reasonably required to consummate, or in connection with, the Transactions;

(23) distributions or payments of Receivables Fees and purchases of Receivables pursuant to a Receivables Repurchase Obligation in connection with a Qualified Receivables Transaction;

(24) [Reserved];

(25) [Reserved];

(26) Restricted Payments to finance Investments or other acquisitions by a Parent or any Affiliate (other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary) which would otherwise be permitted to be made pursuant to this Section 4.07 if made by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary; provided that (i) such Restricted Payment shall be made within 120 days of the closing of such Investment

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or other acquisition, (ii) such Parent or Affiliate shall, prior to or promptly following the date such Restricted Payment is made, cause (1) all property acquired (whether assets or Capital Stock) to be contributed to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary or (2) the merger, amalgamation, consolidation, or sale of the Person formed or acquired into the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (in a manner not prohibited by Section 5.01) in order to consummate such Investment or other acquisition, (iii) such Parent or Affiliate receives no consideration or other payment in connection with such transaction except to the extent the Company, a Permitted Affiliate Parent or a Restricted Subsidiary could have given such consideration or made such payment in compliance with this Section 4.07 and (iv) any property received in connection with such transaction shall not constitute an Excluded Contribution up to the amount of such Restricted Payment made under this Section 4.07(b)(26);

(27) any Restricted Payment from the Company, any Permitted Affiliate Parent or any Restricted Subsidiary to a Parent or any other Subsidiary of a Parent which is not a Restricted Subsidiary; provided that such Subsidiary advances the proceeds of any such Restricted Payment to the Company, any Permitted Affiliate Parent or any Restricted Subsidiary, as applicable, within three days of receipt thereof and that such Restricted Payments do not exceed an amount equal to 10.0% of Total Assets at any one time; and

(28) distributions (including by way of dividend) to a Parent consisting of cash, Capital Stock or property or other assets of a Restricted Subsidiary that is in each case held by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary for the sole purpose of transferring such cash, Capital Stock or property or other assets to the Company, a Permitted Affiliate Parent or any Restricted Subsidiary.

(c) For purposes of determining compliance with this Section 4.07, in the event that a Restricted Payment meets the criteria of more than one of the categories described in Section 4.07(b)(1) through Section 4.07(b)(28) above, or is permitted pursuant to Section 4.07(a) or the definition of 「Permitted Investments」, the Company and any Permitted Affiliate Parent will be entitled to classify such Restricted Payment (or portion thereof) on the date of its payment or later reclassify such Restricted Payment (or portion thereof) in any manner that complies with this Section 4.07 or the definition of 「Permitted Investments」.

(d) The amount of all Restricted Payments (other than cash) shall be the fair market value on the date of such Restricted Payment of the asset(s) or securities proposed to be paid, transferred or issued by the Company, such Permitted Affiliate Parent or such Restricted Subsidiary, as the case may be, pursuant to such Restricted Payment. The fair market value of any cash Restricted Payment shall be its face amount.

Section 4.08 Limitation on Restrictions on Distributions from Restricted Subsidiaries

(a) The Company and any Permitted Affiliate Parent will not, and will not permit any Restricted Subsidiary (other than the Loan Parties) to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary (other than the Loan Parties) to:

(1) pay dividends or make any other distributions on its Capital Stock or pay any Indebtedness or other obligations owed to the Company, any Permitted Affiliate Parent or any Restricted Subsidiary;

(2) make any loans or advances to the Company, any Permitted Affiliate Parent or any Restricted Subsidiary; or

(3) transfer any of its property or assets to the Company, any Permitted Affiliate Parent or any Restricted Subsidiary;

provided that (x) the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions being paid on Common Stock and (y) the subordination of (including but not limited to, the application of any standstill requirements to) loans or advances made to the Company, any

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Permitted Affiliate Parent or any Restricted Subsidiary to other Indebtedness Incurred by the Company, any Permitted Affiliate Parent or any Restricted Subsidiary, shall not be deemed to constitute such an encumbrance or restriction.

(b) The preceding provisions will not prohibit:

(1) any encumbrance or restriction pursuant to an agreement in effect at, entered into or substantially agreed on the Amendment Effective Date, including, without limitation, this Agreement, the Existing Senior Secured Notes Indenture, the Intercreditor Agreement and any related documentation, in each case, as in effect, or substantially agreed, on the Amendment Effective Date;

(2) any encumbrance or restriction pursuant to an agreement or instrument of a Person relating to any Capital Stock or Indebtedness of a Person, Incurred on or before the date on which such Person was acquired by or merged or consolidated with or into the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, or designated a Permitted Affiliate Parent, an Affiliate Subsidiary or a Restricted Subsidiary (or became a Restricted Subsidiary as a result thereof), or which such agreement or instrument is assumed by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in connection with an acquisition of assets (other than Capital Stock or Indebtedness Incurred as consideration in, or to provide all or any portion of the funds utilized to consummate, the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was acquired by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary or was merged or consolidated with or into the Company, a Permitted Affiliate Parent or any Restricted Subsidiary or in contemplation of such transaction) and outstanding on such date; provided that any such encumbrance or restriction shall not extend to any assets or property of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary other than the assets and property so acquired; provided, further, that for the purposes of this Section 4.08(b)(2), if another Person is the Successor Company, any Subsidiary thereof or agreement or instrument of such Person or any such Subsidiary shall be deemed acquired or assumed by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary when such Person becomes the Successor Company;

(3) any encumbrance or restriction pursuant to an agreement or instrument effecting a refunding, replacement or refinancing of Indebtedness Incurred pursuant to, or that otherwise extends, renews, refunds, refinances or replaces, an agreement referred to in Section 4.08(b)(1) or Section 4.08(b)(2) or this Section 4.08(b)(3) or contained in any amendment, supplement, restatement or other modification to an agreement referred to in Section 4.08(b)(1) or Section 4.08(b)(2) or this Section 4.08(b)(3); provided that the encumbrances and restrictions, taken as a whole, with respect to the Company, such Permitted Affiliate Parent or such Restricted Subsidiary contained in any such agreement are no less favorable in any material respect to the Finance Parties than the encumbrances and restrictions contained in such agreements referred to in Section 4.08(b)(1) or Section 4.08(b)(2) (as determined conclusively in good faith by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent);

(4) in the case of Section 4.08(a)(3), any encumbrance or restriction:

(A) that restricts in a customary manner the subletting, assignment or transfer of any property or asset that is subject to a lease, license or similar contract, or the assignment or transfer of any such lease, license or other contract;

(B) contained in Liens permitted under this Agreement securing Indebtedness of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary to the extent such encumbrances or restrictions restrict the transfer of the property subject to such mortgages, pledges or other security agreements;

(C) pursuant to customary provisions restricting dispositions of real property interests set forth in any reciprocal easement agreements of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary; or

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(D) contained in operating leases for real property and restricting only the transfer of such real property upon the occurrence and during the continuance of a default in the payment of rent;

(5) any encumbrance or restriction pursuant to (A) Purchase Money Obligations for property acquired in the ordinary course of business or (B) Capitalized Lease Obligations permitted under this Agreement, in each case, that either (i) impose encumbrances or restrictions of the nature described in Section 4.08(a)(3) on the property so acquired or (ii) are customary in connection with Purchase Money Obligations, Capitalized Lease Obligations and mortgage financings for property acquired in the ordinary course of business (as determined conclusively in good faith by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent);

(6) any encumbrance or restriction arising in connection with, or any contractual requirement Incurred with respect to, any Purchase Money Note, other Indebtedness or a Qualified Receivables Transaction relating exclusively to a Receivables Entity that, in the good faith determination of the Board of Directors or senior management of the Company or a Permitted Affiliate Parent, are necessary to effect such Qualified Receivables Transaction;

(7) any encumbrance or restriction (A) with respect to a Restricted Subsidiary (or any of its property or assets) imposed pursuant to an agreement (or option to enter into such agreement) entered into for the direct or indirect sale or disposition of all or substantially all of the Capital Stock or assets of such Restricted Subsidiary (or the property or assets that are subject to such restriction) pending the closing of such sale or disposition or (B) arising by reason of contracts for the sale of assets, including customary restrictions with respect to a Subsidiary pursuant to an agreement that has been entered into for the sale and disposition of all or substantially all assets of such Subsidiary or conditions imposed by governmental authorities or otherwise resulting from dispositions required by governmental authorities;

(8) (A) customary provisions in leases, asset sale agreements, joint venture agreements and other agreements and instruments entered into by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in the ordinary course of business or (B) in the case of a joint venture or a Subsidiary that is not a Wholly-Owned Subsidiary, encumbrances, restrictions and conditions imposed by its organizational documents or any related shareholders, joint venture or other agreements (including restrictions on the payment of dividends or other distributions);

(9) encumbrances or restrictions arising or existing by reason of applicable Law or any applicable rule, regulation, governmental license, order, concession, franchise, or permit or required by any regulatory authority;

(10) any encumbrance or restriction on cash or other deposits or net worth imposed by customers under agreements entered into in the ordinary course of business;

(11) any encumbrance or restriction pursuant to Currency Agreements, Commodity Agreements or Interest Rate Agreements;

(12) any encumbrance or restriction arising pursuant to an agreement or instrument relating to any Indebtedness permitted to be Incurred subsequent to the Amendment Effective Date pursuant Section 4.09 if (A) the encumbrances and restrictions taken as a whole are not materially less favorable to the Finance Parties than the encumbrances and restrictions contained in this Agreement, the other Loan Documents, and any related documentation, in each case, as in effect on the Amendment Effective Date (as determined conclusively in good faith by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent) or (B) such encumbrances and restrictions taken as a whole are not materially more disadvantageous to the Finance Parties than is customary in comparable financings (as determined conclusively in good faith by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent) and, in each case, either (i) the Company or a Permitted Affiliate Parent reasonably believes that such encumbrances and restrictions will not materially affect the Borrowers’ ability to make principal or interest payments on the Loans as and

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when they come due or (ii) such encumbrances and restrictions apply only if a default occurs in respect of a payment or financial covenant relating to such Indebtedness;

(13) any encumbrance or restriction arising by reason of customary non-assignment provisions in agreements; and

(14) any encumbrance or restriction pursuant to any Intercreditor Agreement.

Section 4.09 Limitation on Indebtedness

(a) The Company and any Permitted Affiliate Parent will not, and will not permit any of the Restricted Subsidiaries to, Incur any Indebtedness (including Acquired Indebtedness); provided that the Company, a Permitted Affiliate Parent and any Restricted Subsidiary may Incur Indebtedness (including Acquired Indebtedness) if, on the date of such Incurrence and after giving effect thereto on a pro forma basis,

(1) the Consolidated Net Leverage Ratio would not exceed 5.00 to 1.00; and

(2) to the extent that such Indebtedness is Senior Secured Indebtedness, the Consolidated Senior Secured Net Leverage Ratio would not exceed 4.00 to 1.00.

(b) Section 4.09(a) will not prohibit the Incurrence of Indebtedness under the Loan Documents or the following Indebtedness:

(1) Indebtedness of the Company, a Permitted Affiliate Parent and any of the Restricted Subsidiaries under Credit Facilities, and any Refinancing Indebtedness in respect thereof, in the aggregate principal amount at any one time outstanding not to exceed (A) an amount equal to the greater of (i)(a) $625.0 million, plus (b) the amount of any Credit Facilities that may be Incurred under Section 4.09(a)(2) or any other provision of this Section 4.09(b) to acquire any property, other assets or shares of Capital Stock of a Person and (ii) 10.0% of Total Assets plus (B) any accrual or accretion of interest that increases the principal amount of Indebtedness under Credit Facilities, plus (C) in the case of any Refinancing Indebtedness permitted under this Section 4.09(b)(1) or any portion thereof, the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses Incurred in connection with such refinancing;

(2) Indebtedness of the Company or a Permitted Affiliate Parent owing to and held by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (other than a Receivables Entity) or Indebtedness of a Restricted Subsidiary owing to and held by the Company, a Permitted Affiliate Parent or any other Restricted Subsidiary (other than a Receivables Entity); provided that:

(A) any subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness being beneficially held by a Person other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (other than a Receivables Entity), and

(B) any sale or other transfer of any such Indebtedness to a Person other than the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (other than a Receivables Entity),

shall be deemed, in each case, to constitute an Incurrence of such Indebtedness by the Company, such Permitted Affiliate Parent or such Restricted Subsidiary, as the case may be;

(3) (A) Indebtedness represented by the Initial Term Loans and the related guarantees thereof; and (B) and Indebtedness under the Existing Senior Secured Notes and the related guarantees thereof;

(4) any Indebtedness (other than the Indebtedness described in Section 4.09(b)(1), Section 4.09(b)(2) and Section 4.09(b)(3)) outstanding on the Amendment Effective Date;

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(5) any Refinancing Indebtedness Incurred in respect of any Indebtedness described in Section 4.09(b) (4), this Section 4.09(b)(5), Section 4.09(b)(6), Section 4.09(b)(8), Section 4.09(b)(14), Section 4.09(b)(15), Section 4.09(b)(18), Section 4.09(b)(20), Section 4.09(b)(22), or Section 4.09(b)(25) or Incurred pursuant to Section 4.09(a);

(6) Indebtedness of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary Incurred after the Amendment Effective Date (A) Incurred and outstanding on the date on which such Restricted Subsidiary was acquired by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary or is merged, consolidated, amalgamated or otherwise combined with (including pursuant to any acquisition of assets and assumption of related liabilities) the Company, any Permitted Affiliate Parent or any Restricted Subsidiary or was designated a Permitted Affiliate Parent, an Affiliate Subsidiary or a Restricted Subsidiary, (B) Incurred to provide all or a portion of the funds utilized to consummate the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or a Permitted Affiliate Parent or was otherwise acquired by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary, or such Person was designated as a Permitted Affiliate Parent or an Affiliate Subsidiary or (C) Incurred and outstanding on the date on which such Restricted Subsidiary was acquired by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary or is merged, consolidated, amalgamated or otherwise combined with (including pursuant to any acquisition of assets and assumption of related liabilities) the Company, a Permitted Affiliate Parent or any Restricted Subsidiary or was designated a Permitted Affiliate Parent, an Affiliate Subsidiary or a Restricted Subsidiary (other than Indebtedness Incurred in contemplation of the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was otherwise acquired by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary); provided that with respect to Section 4.09(b)(6)(A) and Section 4.09(b)(6)(B) only, immediately following the consummation of the acquisition of such Restricted Subsidiary by the Company, a Permitted Affiliate Parent, any Restricted Subsidiary or such other transaction, (i) the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries would have been able to Incur $1.00 of additional Indebtedness pursuant to Section 4.09(a)(1) after giving pro forma effect to the relevant acquisition or other transaction and the Incurrence of such Indebtedness pursuant to this Section 4.09(b)(6) or (ii) the Consolidated Net Leverage Ratio would not be greater than immediately prior to such acquisition or such other transaction;

(7) [Reserved];

(8) Indebtedness consisting of (A) mortgage financings, asset backed financings, Purchase Money Obligations or other financings, Incurred for the purpose of financing all or any part of the purchase price or cost of design, construction, installation or improvement (including, without limitation, in respect of tenant improvement) of property (real or personal), plant, equipment or other assets (including, without limitation, network assets) used or useful in the business of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary or (B) Indebtedness otherwise Incurred to finance the purchase, lease, rental or cost of design, development, construction, installation or improvement (including, without limitation, in respect of tenant improvement) of property (real or personal), plant, equipment or other assets (including, without limitation, network assets) used or useful in the business of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary, whether through the direct purchase of assets or the Capital Stock of any Person owning such assets, and any Refinancing Indebtedness which refinances, replaces or refunds such Indebtedness, in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this Section 4.09(b)(8), will not exceed the greater of (i) $200.0 million and (ii) 3.0% of Total Assets at any time outstanding so long as such Indebtedness exists on the date of, or commissioning of, or contracting for, such purchase, design, development, construction, installation or improvement, or is created within 270 days thereafter;

(9) Indebtedness in respect of (A) workers’ compensation claims, casualty or liability insurance, self-insurance obligations, performance (including insurance policies), bid, indemnity, surety, judgment, appeal, completion, advance payment, customs, VAT or other tax or other guarantees or other similar bonds, instruments or obligations and completion guarantees and warranties provided by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary or relating to liabilities, obligations or guarantees Incurred in the ordinary course of business (or consistent with past practice or

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industry practice) or in respect of any government requirement, including, but not limited to, those Incurred to secure health, safety and environmental obligations or rental obligations, (B) letters of credit, bankers’ acceptances, guarantees, or other similar instruments or obligations issued or relating to liabilities or obligations Incurred in the ordinary course of business (or consistent with past practice or industry practice) or in respect of any government requirement, including, but not limited to, letters of credit or similar instruments in respect of casualty or liability insurance, self-insurance, unemployment insurance, workers compensation obligations, health disability or other benefits, the CFA, pensions-related obligations and other social security Laws, (C) the financing of insurance premiums or take-or-pay obligations contained in supply agreements, in each case, in the ordinary course of business and (D) any customary cash management, cash pooling or netting or setting off arrangements in the ordinary course of business;

(10) Indebtedness Incurred constituting reimbursement obligations with respect to letters of credit issued and bank guarantees in the ordinary course of business provided to lessors of real property or otherwise in connection with the leasing of real property and letters of credit in connection with the maintenance of, or pursuant to the requirements of, environmental or other permits or licenses in respect of any government requirement, or other Indebtedness with respect to reimbursement type obligations regarding the foregoing; provided that upon the drawing of such letters of credit or the Incurrence of such Indebtedness, such obligations are reimbursed within 30 days following such drawing or Incurrence;

(11) Indebtedness arising from agreements of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary providing for indemnification, guarantees or obligations in respect of earn-outs or adjustment of purchase price or similar obligations, in each case, Incurred or assumed in connection with the acquisition or disposition of any business, assets or Capital Stock of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary; provided that the maximum aggregate liability in respect of all such Indebtedness shall at no time exceed the gross proceeds (including the fair market value of non-cash proceeds) actually received (in the case of dispositions) or paid (in the case of acquisitions) by the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries in connection with such disposition or acquisition, as applicable;

(12) Indebtedness arising from (A) Bank Products and (B) the honoring by a bank or other financial institution of a check, draft or similar instrument (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided that in the case of this Section 4.09(b)(12)(B), such Indebtedness is extinguished within thirty Business Days of Incurrence;

(13) guarantees by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary of Indebtedness or any other obligation or liability of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (other than of any Indebtedness Incurred by the Company, a Permitted Affiliate Parent or Restricted Subsidiary in violation of this Section 4.09); provided that if the Indebtedness being guaranteed is subordinated in right of payment to the Obligations, then such guarantee shall be subordinated substantially to the same extent as the relevant Indebtedness guaranteed;

(14) Indebtedness Incurred by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary after the Amendment Effective Date to provide all or a portion of the funds utilized to consummate the acquisition by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary of any Non-Controlling Interests in an aggregate principal amount at any time outstanding not to exceed 4.0x Pro forma Non-Controlling Interest EBITDA for the Test Period;

(15) Indebtedness of the Company, any Permitted Affiliate Parent or any Restricted Subsidiary Incurred pursuant to any guarantees of Indebtedness of any Parent; provided that for purposes of this Section 4.09(b)(15): (i) on the date of such Incurrence and after giving effect thereto on a pro forma basis the Consolidated Net Leverage Ratio would not exceed 5.00 to 1.00 (for the avoidance of doubt, outstanding Indebtedness for the purpose of calculating the Consolidated Net Leverage Ratio under this Section 4.09(b)(15) shall include any Indebtedness represented by guarantees by the Company, any Permitted Affiliate Parent or any of the Restricted Subsidiaries of Indebtedness of any Parent) and (ii) such guarantees shall be subordinated to the Obligations pursuant to the terms of the applicable Intercreditor Agreement;

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(16) Subordinated Shareholder Loans;

(17) Indebtedness (including any Refinancing Indebtedness in respect thereof) of any Restricted Subsidiary under any local Credit Facility in an amount not to exceed the greater of (A) $200.0 million and (B) 3.0% of Total Assets;

(18) Indebtedness of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in an aggregate outstanding principal amount which, when taken together with any Refinancing Indebtedness in respect thereof and the principal amount of all other Indebtedness Incurred pursuant to this Section 4.09(b)(18) and then outstanding, will not exceed 100% of the Net Cash Proceeds received by the Company or a Permitted Affiliate Parent from the issuance or sale (other than to the Company, a Permitted Affiliate Parent or a Restricted Subsidiary) of Subordinated Shareholder Loans or its Capital Stock or otherwise contributed to the equity of the Company or a Permitted Affiliate Parent, in each case, subsequent to April 1, 2015 (and in each case, other than through the issuance of Disqualified Stock, Preferred Stock or an Excluded Contribution); provided that (A) any such Net Cash Proceeds that are so received or contributed shall be excluded for purposes of making Restricted Payments under Section 4.07(a)(C)(ii), Section 4.07(a)(C)(iii) and Section 4.07(b)(1) to the extent the Company, a Permitted Affiliate Parent or any Restricted Subsidiary Incurs Indebtedness in reliance thereon and (B) any Net Cash Proceeds that are so received or contributed shall be excluded for purposes of Incurring Indebtedness pursuant to this Section 4.09(b)(18) to the extent the Company, a Permitted Affiliate Parent or any Restricted Subsidiary makes a Restricted Payment under Section 4.07(a)(C)(ii), Section 4.07(a)(C)(iii) and Section 4.07(b)(1) in reliance thereon; provided, further, that the proceeds of any Cure Amounts and any Net Cash Proceeds so received that were subsequently used to fund the Special Dividend shall not be taken into account for the purposes of this Section 4.09(b)(18);

(19) Indebtedness of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary relating to any VAT liabilities or deferral of PAYE taxes with the agreement of the U.K. HM Revenue and Customs (including guarantees by a Restricted Subsidiary in favor of the U.K. HM Revenue and Customs in connection with the U.K. tax liability of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary (including, without limitation, any VAT liabilities));

(20) Indebtedness under day-light borrowing facilities and Indebtedness with Affiliates, in each case reasonably necessary to effect or consummate the Transactions;

(21) (a) Indebtedness arising under (i) any arrangements to fund a production where such funding is only repayable from the distribution revenues of that production or (ii) Production Facilities provided that the aggregate amount of Indebtedness under all Production Facilities Incurred pursuant to this clause (ii) does not exceed the greater of (A) $75.0 million and (B) 1.0% of Total Assets at any time outstanding and (b) any Refinancing Indebtedness of any Indebtedness Incurred under Section 4.09(b)(21)(a);

(22) Indebtedness arising under borrowing facilities provided by a special purpose vehicle notes issuer to the Company, any Permitted Affiliate Parent or any Restricted Subsidiary in connection with the issuance of notes or other similar debt securities intended to be supported primarily by the payment obligations of the Company, any Permitted Affiliate Parent or any Restricted Subsidiary in connection with any vendor financing platform;

(23) [Reserved];

(24) Indebtedness pursuant to any Permitted Financing Action and any Refinancing Indebtedness in respect thereof; and

(25) in addition to the items referred to in Section 4.09(b)(1) through Section 4.09(b)(24) above, Indebtedness of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this Section 4.09(b)(25) and then outstanding, will not exceed the greater of (A) $250.0 million and (B) 5.0% of Total Assets at any time outstanding.

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(d) For purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and in compliance with, this Section 4.09:

(1) in the event that Indebtedness meets the criteria of more than one of the types of Indebtedness described in Section 4.09(a) and Section 4.09(b), or, as applicable, in the definition of 「Additional Facility Available Amount」 in Section 1.01 of this Agreement, the Company, in its sole discretion, will classify such item of Indebtedness on the date of its Incurrence and only be required to include the amount and type of such Indebtedness in one of such clauses and will be permitted on the date of such Incurrence to divide and classify an item of Indebtedness in more than one of the types of Indebtedness described in Section 4.09(a) and Section 4.09(b), or, as applicable, in the definition of 「Additional Facility Available Amount」 in Section 1.01 of this Agreement, and, from time to time, may reclassify all or a portion of such Indebtedness, in any manner that complies with this Section 4.09 and the definition of 「Additional Facility Available Amount」 in Section 1.01 of this Agreement; provided that the Initial Revolving Credit Commitments as of the Amendment Effective Date shall be deemed to have been Incurred under Section 4.09(b)(1) and cannot be reclassified;

(2) guarantees of, or obligations in respect of letters of credit relating to, Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included;

(3) if obligations in respect of letters of credit are Incurred pursuant to any Credit Facility and are being treated as Incurred pursuant to Section 4.09(a) or Section 4.09(b)(1), Section 4.09(b)(17), Section 4.09(b)(18), Section 4.09(b)(21), or Section 4.09(b)(25) and the letters of credit relate to other Indebtedness, then such other Indebtedness shall not be included;

(4) the principal amount of any Disqualified Stock of the Company or a Permitted Affiliate Parent, or Preferred Stock of a Restricted Subsidiary, will be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the liquidation preference thereof;

(5) Indebtedness permitted by this Section 4.09 need not be permitted solely by reference to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more other provisions of this Section 4.09 permitting such Indebtedness;

(6) the amount of Indebtedness issued at a price that is less than the principal amount thereof will be equal to the amount of the liability in respect thereof determined in accordance with GAAP; and

(7) in the event that the Company, a Permitted Affiliate Parent or a Restricted Subsidiary enters into or increases commitments under a revolving credit facility, enters into any commitment to Incur or issue Indebtedness or commits to Incur any Lien pursuant to clause (29) of the definition of 「Permitted Liens」, the Incurrence or issuance thereof for all purposes under this Section 4.09, including without limitation for purposes of calculating the Consolidated Net Leverage Ratio, the Consolidated Senior Secured Net Leverage Ratio or usage of clauses (1) through (25) under Section 4.09(b) (if any) for borrowings and re-borrowings thereunder (and including issuance and creation of letters of credit and bankers’ acceptances thereunder) will, at the Company’s or a Permitted Affiliate Parent’s option (except as otherwise provided in the definition of 「Additional Facility Available Amount」 in Section 1.01 of this Agreement), either (a) be determined on the date of such revolving credit facility or such entry into or increase in commitments (assuming that the full amount thereof has been borrowed as of such date) or other Indebtedness, and, if such Consolidated Net Leverage Ratio or the Consolidated Senior Secured Net Leverage Ratio or other provision of this Section 4.09 is satisfied with respect thereto at such time, any borrowing or re-borrowing thereunder (and the issuance and creation of letters of credit and bankers’ acceptances thereunder) will be permitted under this covenant irrespective of the Consolidated Net Leverage Ratio, the Consolidated Senior Secured Net Leverage Ratio or other provision of this Section 4.09 at the time of any borrowing or re-borrowing (or issuance or creation of letters of credit or bankers’ acceptances thereunder) (the committed amount permitted to be borrowed

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or re-borrowed (and the issuance and creation of letters of credit and bankers’ acceptances) on a date pursuant to the operation of this sub-clause (a) shall be the “Reserved Indebtedness Amount” as of such date for purposes of the Consolidated Net Leverage Ratio and the Consolidated Senior Secured Net Leverage Ratio and, to the extent of the usage of clauses (1) through (25) under Section 4.09(b) (if any), shall be deemed to be Incurred and outstanding under such clauses) or (b) be determined on the date such amount is borrowed pursuant to any such facility or increased commitment, and in the case of sub-clause (a) of this Section 4.09(d)(7), the Company or a Permitted Affiliate Parent may revoke any such determination at any time and from time to time.

Accrual of interest, accrual of dividends, the accretion of accreted value, the accretion or amortization of original issue discount, the payment of interest or dividends in the form of additional Indebtedness, Preferred Stock or Disqualified Stock and increases in the amount of Indebtedness due to a change in accounting principles will not be deemed to be an Incurrence of Indebtedness for purposes of this Section 4.09. The amount of any Indebtedness outstanding as of any date shall be (i) the accreted value thereof in the case of any Indebtedness issued with original issue discount and (ii) the principal amount or liquidation preference thereof, together with any interest thereon that is more than 30 days past due, in the case of any other Indebtedness.

If at any time an Unrestricted Subsidiary becomes a Permitted Affiliate Parent or a Restricted Subsidiary, any Indebtedness of such Unrestricted Subsidiary shall be deemed to be Incurred by a Permitted Affiliate Parent or a Restricted Subsidiary as of such date.

(e) For purposes of determining compliance with any Dollar-denominated restriction on the Incurrence of Indebtedness, the Dollar Equivalent principal amount of Indebtedness denominated in a foreign currency shall be (1) calculated by the Company based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term Indebtedness, or first committed or first Incurred (whichever yields the lower Dollar Equivalent), in the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced and (2) if and for so long as any such Indebtedness is subject to an agreement intended to protect against fluctuations in currency exchange rates with respect to the currency in which such Indebtedness is denominated covering principal and interest on such Indebtedness, the swapped rate of such Indebtedness (if swapped into Dollars) as of the date of the applicable swap. Notwithstanding any other provision of this Section 4.09, the maximum amount of Indebtedness that the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries may Incur pursuant to this Section 4.09 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Refinancing Indebtedness is denominated that is in effect on the date of such refinancing.

(f) For purposes of determining compliance with (1) Section 4.09(a) and (2) any other provision of the Loan Documents which requires the calculation of any financial ratio or test, including the Consolidated Net Leverage Ratio and the Consolidated Senior Secured Net Leverage Ratio, the Dollar Equivalent principal amount of Indebtedness denominated in a foreign currency (if such Indebtedness has not been swapped into Dollars, or if such Indebtedness has been swapped into a currency other than Dollars) shall be calculated by the Company using the same exchange rates for the relevant period used for calculating the Dollar Equivalent of Consolidated EBITDA denominated in the same currency as the currency in which such Indebtedness is denominated or into which it has been swapped.

(g) The Company and any Permitted Affiliate Parent will not Incur, and will not permit the Loan Parties to Incur, any Indebtedness that is contractually subordinated in right of payment to any other Indebtedness of the Loan Parties that ranks pari passu with or is subordinated to the Obligations or Guaranty, as applicable, unless such Indebtedness is also contractually subordinated in right of payment to the Obligations or relevant Guaranty, on substantially identical terms (as conclusively determined in good faith by the Board of Directors or senior management of the Company or a Permitted Affiliate Parent); provided that no Indebtedness will be deemed to be contractually subordinated in right of payment to any other Indebtedness of the Loan

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Parties or any other Restricted Subsidiary solely by virtue of being unsecured or secured on a junior Lien basis or by virtue of not being guaranteed or by virtue of the application of waterfall or other payment ordering provisions affecting different tranches of Indebtedness.

Section 4.10 Limitation on Sales of Assets and Subsidiary Stock

(a) The Company and any Permitted Affiliate Parent will not, and will not permit any of the Restricted Subsidiaries to, without the consent of the Required Lenders, make any Asset Disposition unless:

(1) the Company, such Permitted Affiliate Parent or such Restricted Subsidiary, as the case may be, receives consideration (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise) at least equal to the fair market value (such fair market value to be determined on the date of contractually agreeing to such Asset Disposition) (including as to the value of all non-cash consideration) of the shares and assets subject to such Asset Disposition;

(2) unless the Asset Disposition is a Permitted Asset Swap, at least 75% of the consideration from such Asset Disposition (excluding any consideration by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise, other than Indebtedness) received by the Company, such Permitted Affiliate Parent or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents; and

(3) the Net Available Cash from such Asset Disposition is reinvested or applied to prepay the Loans or Other Applicable Indebtedness, in each case, in accordance with Section 2.05(b)(i) of this Agreement.

(b) For the purposes of this Section 4.10, the following will be deemed to be cash:

(1) the assumption by the transferee of Indebtedness (other than Subordinated Obligations) of any Loan Party or Indebtedness of a Restricted Subsidiary that is not a Loan Party and the release of such Loan Party or such Restricted Subsidiary from all liability on such Indebtedness in connection with such Asset Disposition (in which case the relevant Borrower will, without further action, be deemed to have applied such deemed cash to Indebtedness in accordance with Section 2.05(b)(i) of this Agreement);

(2) securities, notes or other obligations received by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary from the transferee that are convertible by the Company, such Permitted Affiliate Parent or such Restricted Subsidiary into cash or Cash Equivalents within 180 days following the closing of such Asset Disposition;

(3) Indebtedness of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Disposition, to the extent that the Company, any Permitted Affiliate Parent and each other Restricted Subsidiary are released from any guarantee of payment of the principal amount of such Indebtedness in connection with such Asset Disposition;

(4) consideration consisting of Indebtedness of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary;

(5) any Designated Non-Cash Consideration received by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in such Asset Dispositions having an aggregate fair market value not to exceed 25.0% of the consideration from such Asset Disposition (excluding any consideration received from such Asset Disposition in accordance with Section 4.10(b)(1) to Section 4.10(b)(4)) (with the fair market value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value);

(6) in addition to any Designated Non-Cash Consideration received pursuant to Section 4.10(b)(5), any Designated Non-Cash Consideration received by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in such Asset Dispositions having an aggregate fair market value,

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taken together with all other Designated Non-Cash Consideration received pursuant to this Section 4.10(b)(6) that is at that time outstanding, not to exceed the greater of $250.0 million and 5.0% of Total Assets (with the fair market value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value);

(7) consideration consisting of securities or obligations issued, insured or unconditionally guaranteed by a government (or any agency or instrumentality thereof) of a country where the Company, a Permitted Affiliate Parent or any Restricted Subsidiary is organized or located; and

(8) any Capital Stock or assets of the kind referred to in the definition of 「Additional Assets」.

Section 4.11 Limitation on Affiliate Transactions

(a) The Company and any Permitted Affiliate Parent will not, and will not permit any of the Restricted Subsidiaries to, directly or indirectly, enter into or conduct any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of the Company or a Permitted Affiliate Parent (an “Affiliate Transaction”) involving aggregate consideration in excess of $50.0 million, unless:

(1) the terms of such Affiliate Transaction are not materially less favorable, taken as a whole, to the Company, such Permitted Affiliate Parent or such Restricted Subsidiary, as the case may be, than those that could be obtained in a comparable transaction at the time of such transaction in arm’s-length dealings with a Person who is not such an Affiliate (or, in the event that there are no comparable transactions involving Persons who are not Affiliates of the Company, such Permitted Affiliate Parent or such Restricted Subsidiary to apply for comparative purposes, is otherwise on terms that, taken as a whole, the Company, such Permitted Affiliate Parent or such Restricted Subsidiary has conclusively determined in good faith to be fair to the Company, such Permitted Affiliate Parent or such Restricted Subsidiary); and

(2) in the event such Affiliate Transaction involves an aggregate consideration in excess of $100.0 million, the terms of such transaction have been approved by either (i) a majority of the members of the Board of Directors or (ii) senior management of the Company, such Permitted Affiliate Parent, or such Restricted Subsidiary, as applicable.

(b) Section 4.11(a) will not apply to:

(1) any Restricted Payment permitted to be made pursuant to Section 4.07 or any Permitted Investment;

(2) any issuance or sale of Capital Stock, options, other equity-related interests or other securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, or entering into, or maintenance of, any employment, consulting, collective bargaining or benefit plan, program, agreement or arrangement, related trust or other similar agreement and other compensation arrangements, options, warrants or other rights to purchase Capital Stock of the Company, a Permitted Affiliate Parent, any Restricted Subsidiary or any Parent, restricted stock plans, long-term incentive plans, stock appreciation rights plans, participation plans or similar employee benefits or consultant plans (including, without limitation, valuation, health, insurance, deferred compensation, severance, retirement, savings or similar plans, programs or arrangements) and/or indemnities provided on behalf of officers, employees or directors or consultants, in each case in the ordinary course of business;

(3) loans or advances to employees, officers or directors in the ordinary course of business of the Company, any Permitted Affiliate Parent or any Restricted Subsidiary, but in any event not to exceed $10.0 million in the aggregate amount outstanding at any one time with respect to all loans or advances made since the Amendment Effective Date;

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(4) (A) any transaction between or among the Company, a Permitted Affiliate Parent and a Restricted Subsidiary, as applicable (or an entity that becomes a Permitted Affiliate Parent or a Restricted Subsidiary in connection with such transaction) or between or among Restricted Subsidiaries (or an entity that becomes a Permitted Affiliate Parent or a Restricted Subsidiary in connection with such transaction); and (B) any guarantees issued by the Company, a Permitted Affiliate Parent or a Restricted Subsidiary for the benefit of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary (or an entity that becomes a Permitted Affiliate Parent or a Restricted Subsidiary in connection with such transaction), as the case may be, in accordance with Section 4.09;

(5) transactions with customers, clients, suppliers or purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Agreement, which, taken as a whole, are fair to the Company, the relevant Permitted Affiliate Parent or the relevant Restricted Subsidiary, as applicable, or are on terms not materially less favorable than those that could reasonably have been obtained at such time from an unaffiliated party;

(6) loans or advances to any Affiliate of the Company or a Permitted Affiliate Parent by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary; provided that the terms of such loan or advance are fair to the Company or the relevant Permitted Affiliate Parent or the relevant Restricted Subsidiary, as the case may be, or are on terms not materially less favorable than those that could reasonably have been obtained from an unaffiliated party;

(7) the payment of reasonable and customary fees paid to, and indemnity provided on behalf of, directors, executives or officers of any Parent, the Company, a Permitted Affiliate Parent or any Restricted Subsidiary;

(8) the performance of obligations of the Company, any Permitted Affiliate Parent, or any of the Restricted Subsidiaries under (A) the terms of any agreement to which the Company, any Permitted Affiliate Parent or any of the Restricted Subsidiaries is a party as of or on the Amendment Effective Date or (B) any agreement entered into after the Amendment Effective Date on substantially similar terms to an agreement under Section 4.11(b)(8)(A), in each case, as these agreements may be amended, modified, supplemented, extended or renewed from time to time; provided that any such agreement or amendment, modification, supplement, extension or renewal to such agreement, in each case, entered into after the Amendment Effective Date will be permitted to the extent that its terms are not materially more disadvantageous to the Finance Parties than the terms of the agreements in effect on the Amendment Effective Date;

(9) any transaction with (i) a Receivables Entity effected as part of a Qualified Receivables Transaction, acquisitions of Permitted Investments in connection with a Qualified Receivables Transaction, and other Investments in Receivables Entities consisting of cash or Securitization Obligations or (ii) with an Affiliate in respect of Non-Recourse Indebtedness;

(10) the issuance of Capital Stock or any options, warrants or other rights to acquire Capital Stock (other than Disqualified Stock) of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary to any Affiliate of the Company, such Permitted Affiliate Parent or such Affiliate Subsidiary;

(11) the payment to any Permitted Holder of all reasonable expenses Incurred by any Permitted Holder in connection with its direct or indirect investment in the Company, a Permitted Affiliate Parent, an Affiliate Subsidiary and their Subsidiaries and unpaid amounts accrued for prior periods;

(12) the payment to any Parent or Permitted Holder (1) of Management Fees (A) on a bona fide arm’s-length basis in the ordinary course of business or (B) of up to the greater of $35.0 million and 0.5% of Total Assets in any calendar year, (2) for financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including without limitation in connection with loans, capital market transactions, hedging and other derivative transactions, acquisitions or divestitures or (3) of Parent Expenses;

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(13) guarantees of indebtedness, hedging and other derivative transactions, and other obligations not otherwise prohibited under this Agreement;

(14) if not otherwise prohibited under this Agreement, the issuance of Capital Stock (other than Disqualified Stock) or Subordinated Shareholder Loans (including the payment of cash interest thereon; provided that after giving pro forma effect to any such cash interest payment, the Consolidated Net Leverage Ratio would not exceed 5.00 to 1.00) of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary to any Parent of the Company, a Permitted Affiliate Parent or an Affiliate Subsidiary or any Permitted Holder;

(15) arrangements with customers, clients, suppliers, contractors, lessors or sellers of goods or services that are negotiated with an Affiliate, in each case, which are otherwise in compliance with the terms of this Agreement; provided that the terms and conditions of any such transaction or agreement as applicable to the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries, taken as a whole are fair to the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries and are on terms not materially less favorable to the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries than those that could have reasonably been obtained in respect of an analogous transaction or agreement that would not constitute an Affiliate Transaction;

(16) (A) transactions with Affiliates in their capacity as holders of indebtedness or Capital Stock of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, so long as such Affiliates are not treated materially more favorably than holders of such indebtedness or Capital Stock generally and (B) transactions with Affiliates in their capacity as borrowers of Indebtedness from the Company, a Permitted Affiliate Parent or any Restricted Subsidiary, so long as such Affiliates are not treated materially more favorably than holders of such indebtedness generally;

(17) any tax sharing agreement or arrangement and payments pursuant thereto between or among the Ultimate Parent, the Company, a Permitted Affiliate Parent or any other Person or a Restricted Subsidiary not otherwise prohibited by this Agreement and any payments or other transactions pursuant to a tax sharing agreement or arrangement between the Company, a Permitted Affiliate Parent and any other Person or a Restricted Subsidiary and any other Person with which the Company, any Permitted Affiliate Parent or any of the Restricted Subsidiaries files a consolidated tax return or with which the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries is part of a group for tax purposes (including a fiscal unity) or any tax advantageous group contribution made pursuant to applicable legislation;

(18) transactions relating to the provision of Intra-Group Services in the ordinary course of business;

(19) the 2015 Columbus Carve-Out and related transactions;

(20) the Transactions and any transaction reasonably necessary to effect such Transactions;

(21) any transaction in the ordinary course of business between or among the Company, a Permitted Affiliate Parent or any Restricted Subsidiary and any Affiliate of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary that is an Unrestricted Subsidiary or a joint venture or similar entity (including a Permitted Joint Venture) that would constitute an Affiliate Transaction solely because the Company, a Permitted Affiliate Parent or a Restricted Subsidiary owns an equity interest in or otherwise controls such Unrestricted Subsidiary, joint venture or similar entity;

(22) commercial contracts entered into in the ordinary course of business between an Affiliate of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary and the Company, a Permitted Affiliate Parent or any Restricted Subsidiary that are on arm’s length terms or on a basis that senior management of the Company, a Permitted Affiliate Parent or a Restricted Subsidiary reasonably believes allocates costs fairly;

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(23) transactions between the Company, a Permitted Affiliate Parent or any Restricted Subsidiary and a Parent and/or an Affiliate, in each case, to effect or facilitate the transfer of any property or asset from the Company, any Permitted Affiliate Parent and/or any Restricted Subsidiary to another Restricted Subsidiary, any Permitted Affiliate Parent and/or the Company, as applicable; and

(24) transactions relating to Excess Capacity Network Services; provided that the price payable by any member of the Wider Group in relation to such Excess Capacity Network Services is no less than the cost incurred by the Company, a Permitted Affiliate Parent or any Restricted Subsidiary in providing such Excess Capacity Network Services.

Section 4.12 Limitation on Liens

(a) The Company and any Permitted Affiliate Parent will not, and will not permit any of the Restricted Subsidiaries to, directly or indirectly, create, Incur or suffer to exist any Lien (other than (1) in the case of any property or asset that does not constitute Collateral, Permitted Liens (other than Permitted Collateral Liens) and (2) in the case of any property or asset that constitutes Collateral, Permitted Collateral Liens) upon any of its property or assets (including Capital Stock of Restricted Subsidiaries), whether owned on the Amendment Effective Date or acquired after that date, which Lien is securing any Indebtedness (such Lien, the “Initial Lien”), unless, in the case of clause (1) only, contemporaneously with the Incurrence of such Initial Lien effective provision is made to secure the Indebtedness due under the Loan Documents or, in respect of Liens on any Guarantor’s property or assets, such Guarantor’s Guaranty, equally and ratably with (or prior to, in the case of Liens with respect to Subordinated Obligations of a Guarantor, as the case may be) the Indebtedness secured by such Initial Lien for so long as such Indebtedness is so secured.

(b) Any such Lien thereby created in favor of the Finance Parties will be automatically and unconditionally released and discharged upon:

(1) the release and discharge of the Initial Lien to which it relates;

(2) any sale, exchange or transfer to any Person other than the Company, a Permitted Affiliate Parent or any Restricted Subsidiary of the property or assets secured by such Initial Lien;

(3) the full and final payment of all amounts payable by the Borrowers under the Loan Documents;

(4) with respect to any Additional Guarantor the assets or the Capital Stock of which are encumbered by such Lien, upon the release of the Guaranty of such Additional Guarantor in accordance with this Agreement;

(5) as a result of, and in connection with, any Solvent Liquidation;

(6) if the Collateral is owned by a Guarantor that is released from its Guaranty in accordance with this Agreement; and

(7) to release and/or retake any Lien on any Collateral to the extent otherwise permitted by this Agreement.

(c) For purposes of determining compliance with this Section 4.12, (1) a Lien need not be Incurred solely by reference to one category of Permitted Liens or Permitted Collateral Liens, as applicable, but may be Incurred under any combination of such categories (including in part under one such category and in part under any other such category) and (2) in the event that a Lien (or any portion thereof) meets the criteria of one or more of such categories of Permitted Liens or Permitted Collateral Liens, as applicable, the Company shall, in its sole discretion, divide, classify or may subsequently reclassify at any time such Lien (or any portion thereof) in any manner that complies with this Section 4.12 and the definition of 「Permitted Liens」 or 「Permitted Collateral Liens」, as applicable.

(d) With respect to any Lien securing Indebtedness that was permitted to secure such Indebtedness at the time of the Incurrence of such Indebtedness, such Lien shall also be permitted to secure any

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Increased Amount of such Indebtedness. The “Increased Amount” of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms or in the form of common stock, the payment of dividends on Preferred Stock in the form of additional shares of Preferred Stock of the same class, accretion of original issue discount or liquidation preference, any fees, underwriting discounts, accrued and unpaid interest, premiums and other costs and expenses Incurred in connection therewith and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

Section 4.13 [Reserved]

Section 4.14 [Reserved]

Section 4.15 Limitation on Issuances of Guarantees of Indebtedness by Restricted Subsidiaries

(a) The Company and any Permitted Affiliate Parent will not permit any Restricted Subsidiary (other than a Loan Party) to, directly or indirectly, guarantee or otherwise become obligated under any Indebtedness of any Loan Party after the Amendment Effective Date in an amount in excess of $50.0 million unless such Restricted Subsidiary is or becomes an Additional Guarantor on the date on which such other guarantee or Indebtedness is Incurred (or as soon as reasonably practicable thereafter) and, if applicable, executes and delivers to the Administrative Agent the documentation required by Section 10.21(c) pursuant to which such Restricted Subsidiary will provide a Guaranty (which Guaranty shall be senior to or pari passu with such Restricted Subsidiary’s guarantee of such other Indebtedness); provided that,

(1) if such Restricted Subsidiary is not a Significant Subsidiary, such Restricted Subsidiary shall only be obligated to become an Additional Guarantor if such Indebtedness is Indebtedness of the Company, a Permitted Affiliate Parent or a Borrower or Public Debt of a Guarantor;

(2) if the Indebtedness is pari passu in right of payment to the Obligations, any such guarantee of such Restricted Subsidiary with respect to such Indebtedness shall rank pari passu in right of payment to its Guaranty;

(3) if the Indebtedness is subordinated in right of payment to the Obligations, any such guarantee of such Restricted Subsidiary with respect to such Indebtedness shall be subordinated in right of payment to its Guaranty substantially to the same extent as such Indebtedness is subordinated in right of payment to the Obligations;

(4) an Additional Guarantor’s Guaranty may be limited in amount to the extent required by fraudulent conveyance, thin capitalization, corporate benefit, financial assistance or other similar laws (but, in such a case (a) each of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries will use their reasonable best efforts to overcome the relevant legal limit and will procure that the relevant Restricted Subsidiary undertakes all whitewash or similar procedures which are legally available to eliminate the relevant limit and (b) the relevant guarantee shall be given on an equal and ratable basis with the guarantee of any other Indebtedness giving rise to the obligation to guarantee the Facilities); and

(5) for so long as it is not permissible under applicable Law for a Restricted Subsidiary to become an Additional Guarantor, such Restricted Subsidiary need not become an Additional Guarantor (but, in such a case, each of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries will use their reasonable best efforts to overcome the relevant legal prohibition precluding the giving of the guarantee and will procure that the relevant Restricted Subsidiary undertakes all whitewash or similar procedures which are legally available to eliminate the relevant legal prohibition, and shall give such guarantee at such time (and to the extent) that it thereafter becomes permissible).

(b) Section 4.15(a) shall not apply to: (1) the granting by such Restricted Subsidiary of a Permitted Lien under circumstances which do not otherwise constitute the guarantee of Indebtedness of the

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Company, any Permitted Affiliate Parent or any Restricted Subsidiary; or (2) the guarantee by any Restricted Subsidiary of Indebtedness that refinances Indebtedness which benefited from a guarantee by any Restricted Subsidiary Incurred in compliance with this Section 4.15 immediately prior to such refinancing.

(c) Notwithstanding anything herein to the contrary, Section 4.15(a) shall not be applicable to any guarantee provided by a Restricted Subsidiary that existed at the time such person became a Restricted Subsidiary if such guarantee was not incurred in connection with, or in contemplation of, such person becoming a Restricted Subsidiary.

(d) Notwithstanding the foregoing, any Guaranty by an Additional Guarantor created pursuant to this Section 4.15 shall provide by its terms that it shall be automatically and unconditionally released and discharged in accordance with the provisions of this Agreement.

Section 4.16 [Reserved]

Section 4.17 Impairment of Liens

The Company and any Permitted Affiliate Parent shall not, and shall not permit any Restricted Subsidiary to, take or omit to take any action that would have the result of materially impairing any Lien on the Collateral granted under the Collateral Documents (it being understood, subject to the proviso below, that the Incurrence of Permitted Collateral Liens shall under no circumstances be deemed to materially impair any Lien on the Collateral granted under the Collateral Documents) for the benefit of the Administrative Agent and/or the Security Trustee and the Lenders, and the Company and any Permitted Affiliate Parent shall not, and shall not permit any Restricted Subsidiary to, grant to any Person other than the Administrative Agent and/or the Security Trustee, the Lenders and the other beneficiaries described in the Collateral Documents and any Intercreditor Agreement, as applicable, any interest whatsoever in any of the Collateral, except that (a) the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries may Incur Permitted Collateral Liens, (b) the Collateral may be discharged and released in accordance with this Agreement, the Collateral Documents and any Intercreditor Agreement, as applicable and (c) the Company, any Permitted Affiliate Parent and any Restricted Subsidiary may consummate any other transaction permitted under Section 5.01; provided that, except with respect to any discharge or release of Collateral in accordance with this Agreement, the Collateral Documents and any Intercreditor Agreement, as applicable, or in connection with the Incurrence of Liens for the benefit of the Administrative Agent and/or the Security Trustee, the Lenders, no Collateral Document may be amended, extended, renewed, restated, supplemented or otherwise modified or replaced, except that, at the request of the Company or any Permitted Affiliate Parent and without the consent of the Lenders, the Administrative Agent and/or the Security Trustee may from time to time (subject to customary protections and indemnifications from the Company) enter into one or more amendments to the Collateral Documents to: (1) cure any ambiguity, omission, manifest error, defect or inconsistency therein; (2) provide for Permitted Collateral Liens; (3) make any change necessary or desirable, as determined conclusively in good faith by the Board of Directors, senior management or an Officer of the Company or a Permitted Affiliate Parent, in order to implement transactions permitted under Section 5.01; (4) provide for the release of any Lien on any properties and assets constituting Collateral from the Lien of the Collateral Documents; provided that such release is followed by the substantially concurrent re-taking of a Lien of at least equivalent priority over the same properties and assets securing the Obligations and the Guaranty; (5) provide for the release of any Lien pursuant to, or in connection with, any Solvent Liquidation; and (6) make any other change that does not adversely affect the Lenders in any material respect. For any amendments, modifications or replacements of any Collateral Documents not contemplated in clause (1) to (6) above, the Company or any Permitted Affiliate Parent shall, contemporaneously deliver to the Administrative Agent, either (A) a solvency opinion, in form and substance reasonably satisfactory to the Trustee from an Independent Financial Advisor confirming the solvency of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries, taken as a whole, after giving effect to any transactions related to such amendment, extension, renewal, restatement, supplement, modification or replacement, (B) a certificate from the responsible financial or accounting officer of the relevant Grantor (acting in good faith) which confirms the solvency of the person granting such Lien after giving effect to any transactions related to such amendment, extension, renewal, restatement, supplement, modification or replacement or (C) an Opinion of Counsel, in form and substance reasonably satisfactory to the Trustee, confirming that, after giving effect to any transactions related to such amendment, extension, renewal, restatement, supplement, modification or replacement, the Lien or Liens created under the Collateral Documents, as applicable, so amended, extended, renewed, restated, supplemented, modified or replaced, are

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valid Liens not otherwise subject to any limitation, imperfection or new hardening period, in equity or at law, that such Lien or Liens were not otherwise subject to immediately prior to such amendment, extension, renewal, restatement, supplement, modification or replacement. In the event that the Company complies with the requirements of this Section 4.17, the Administrative Agent and/or the Security Trustee shall (subject to customary protections and indemnifications) consent to any such amendment, extension, renewal, restatement, supplement, modification or replacement without the need for instructions from the Lenders.

Section 4.18 [Reserved]

Section 4.19 Suspension of Covenants on Achievement of Investment Grade Status

If, during any period after the Amendment Effective Date, the Loans have achieved and continue to maintain Investment Grade Status and no Event of Default has occurred and is continuing (such period hereinafter referred to as an “Investment Grade Status Period”), then the Company or a Permitted Affiliate Parent will notify the Administrative Agent of this fact and beginning on the date such status was achieved, the provisions of Sections 4.07, 4.08, 4.09, 4.10, 4.11 and 5.01(a)(3) and any related default provisions of this Agreement will be suspended and will not, during such Investment Grade Status Period, be applicable to the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries. No action taken during an Investment Grade Status Period or prior to an Investment Grade Status Period in compliance with the covenants then applicable will require reversal or constitute a Default under this Agreement in the event that suspended covenants are subsequently reinstated or suspended, as the case may be. An Investment Grade Status Period will terminate immediately upon the failure of the Loans to maintain Investment Grade Status (the “Reinstatement Date”). The Company or a Permitted Affiliate Parent will promptly notify the Administrative Agent in writing of any failure of the Loans to maintain Investment Grade Status and the Reinstatement Date.

Section 4.20 [Reserved]

Section 4.21 [Reserved]

Section 4.22 [Reserved]

Section 4.23 Intercreditor Agreements

(a) Each of the Administrative Agent and the Lenders shall become a party to the Existing Intercreditor Agreement, on or prior to the Amendment Effective Date or such other date as such Lender becomes a party this Agreement (by way of assignment, transfer, accession, joinder or otherwise).

(b) At the request of the Company or a Permitted Affiliate Parent, in connection with the Incurrence by a Loan Party of any Indebtedness that is permitted to share in the Collateral pursuant to the definition of 「Permitted Collateral Lien」, the Loan Parties, the Lenders, the Administrative Agent and the Security Trustee shall enter into with the holders of such Indebtedness (or their duly authorized Representative) an intercreditor agreement, including a restatement, amendment or other modification of the Existing Intercreditor Agreement (an “Additional Intercreditor Agreement”), on substantially the same terms as the applicable Intercreditor Agreement (or on terms not materially less favorable to the Finance Parties), including, with respect to the subordination, payment blockage, limitation on enforcement, and release of the Guaranty, priority and release of any Liens in respect of Collateral or other terms which become customary for similar agreements. For the avoidance of doubt, subject to the foregoing and Section 4.23(c), any such Additional Intercreditor Agreement may provide for pari passu or subordinated Liens in respect of any such Indebtedness (to the extent such Indebtedness is permitted to share the Collateral (with the specified priority) pursuant to the definition of Permitted Collateral Lien). The Lenders expressly authorize the Administrative Agent to execute any such Additional Intercreditor Agreement and acknowledge and agree that any such Additional Intercreditor Agreement executed by the Administrative Agent shall bind the Lenders.

(c) At the direction of the Company or a Permitted Affiliate Parent and without the consent of the Lenders, the Administrative Agent will upon direction of the Company or a Permitted Affiliate Parent from time to time enter into one or more amendments to the applicable Intercreditor Agreement or any other Collateral Document to: (1) cure any ambiguity, omission, manifest error, defect or inconsistency therein; (2) add other parties (such as representatives of new issuances of Indebtedness) thereto; (3) further secure the Obligations and

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the Guaranty; (4) make provision for equal and ratable grants of Liens on the Collateral to secure Additional Facilities or implement any Permitted Collateral Liens; (5) make any other change to the applicable Intercreditor Agreement or any other Collateral Document to provide for additional Indebtedness constituting Subordinated Obligations or any other additional Indebtedness (in either case, including with respect to the applicable Intercreditor Agreement, the addition of provisions relating to new Indebtedness ranking junior in right of payment to the Facilities) or other obligations that are permitted by the terms of this Agreement to be Incurred and secured by a Lien on the Collateral on a pari passu or junior basis with the Liens securing the Facilities; (6) add Restricted Subsidiaries to the applicable Intercreditor Agreement or any other Collateral Document; (7) amend the applicable Intercreditor Agreement or any other Collateral Document in accordance with the terms thereof; (8) make any change necessary or desirable, in the good faith determination of the Board of Directors or senior management of the Company, in order to implement any transaction that is subject to Section 5.01; (9) implement any transaction in connection with the renewal, extension, refinancing, replacement or increase of any Indebtedness that is secured by the Collateral and that is not prohibited by this Agreement; or (10) make any other change thereto that does not adversely affect the rights of the Finance Parties in any material respect; provided that no such changes shall be permitted to the extent they affect the ranking of the Facilities or the release of any Guaranty in a manner that would adversely affect the rights of the Finance Parties in any material respect except as otherwise permitted by this Agreement, or the applicable Intercreditor Agreement, immediately prior to such change. The Company or a Permitted Affiliate Parent will not otherwise direct the Administrative Agent to enter into any amendment to the applicable Intercreditor Agreement or any other Collateral Document without the consent of the Required Lenders, except as otherwise permitted pursuant to Section 10.01 of this Agreement. This Section 4.23(c) shall supersede any provisions in Section 10.01 to the contrary.

(d) In relation to any applicable Intercreditor Agreement, the Administrative Agent shall consent on behalf of the Lenders to the payment, repayment, purchase, repurchase, defeasance, acquisition, retirement or redemption of any obligations subordinated to the Facilities thereby; provided that such transaction would comply with Section 4.07.

Section 4.24 [Reserved]

Section 4.25 Limited Condition Transaction

(a) In connection with any action being taken in connection with a Limited Condition Transaction, for purposes of determining compliance with any provision of this Agreement which requires that no Default or Event of Default, as applicable, has occurred, is continuing or would result from any such action, as applicable, such condition shall, at the option of the Company or a Permitted Affiliate Parent, be deemed satisfied, so long as no Default or Event of Default, as applicable, exists on the date the definitive agreement (or other relevant definitive documentation) for such Limited Condition Transaction is entered into. For the avoidance of doubt, if the Company or a Permitted Affiliate Parent has exercised its option under the first sentence of this Section 4.25(a), and any Default or Event of Default occurs following the date such definitive agreement for a Limited Condition Transaction is entered into and prior to the consummation of such Limited Condition Transaction, any such Default or Event of Default shall be deemed to not have occurred or be continuing for purposes of determining whether any action being taken in connection with such Limited Condition Transaction is permitted hereunder.

(b) In connection with any action being taken in connection with a Limited Condition Transaction for purposes of:

(1) determining compliance with any provision of the Agreement which requires the calculation of any financial ratio or test, including the Consolidated Net Leverage Ratio or the Consolidated Senior Secured Net Leverage Ratio; or

(2) testing baskets set forth in this Agreement (including baskets measured as a percentage or multiple, as applicable, of Total Assets, Pro forma EBITDA or Pro forma Non-Controlling Interest EBITDA);

in each case, at the option of the Company or a Permitted Affiliate Parent (the Company’s or a Permitted Affiliate Parent’s election to exercise such option in connection with any Limited Condition

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Transaction, an “LCT Election”), the date of determination of whether any such action is permitted hereunder, shall be deemed to be the date the definitive agreement (or other relevant definitive documentation) for such Limited Condition Transaction is entered into (the “LCT Test Date”); provided that the Company or a Permitted Affiliate Parent shall be entitled to subsequently elect, in its sole discretion, the date of consummation of such Limited Condition Transaction instead of the LCT Test Date as the applicable date of determination, and if, after giving pro forma effect to the Limited Condition Transaction and the other transactions to be entered into in connection therewith (including any Incurrence of Indebtedness and the use of proceeds thereof), as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of 「Pro forma EBITDA」, 「Consolidated Net Leverage Ratio」 and 「Consolidated Senior Secured Net Leverage Ratio」, the Company, a Permitted Affiliate Parent or any Restricted Subsidiary could have taken such action on the relevant LCT Test Date in compliance with such ratio, test or basket, such ratio, test or basket shall be deemed to have been complied with.

(c) If the Company or a Permitted Affiliate Parent has made an LCT Election and any of the ratios, tests or baskets for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio, test or basket, including due to fluctuations in Pro forma EBITDA or Total Assets, of the Company , any Permitted Affiliate Parent and the Restricted Subsidiaries or the Person or assets subject to the Limited Condition Transaction (as if each reference to the 「Company」 or a 「Permitted Affiliate Parent」 in such definition was to such Person or assets) at or prior to the consummation of the relevant transaction or action, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations. If the Company or a Permitted Affiliate Parent has made an LCT Election for any Limited Condition Transaction, then in connection with any subsequent calculation of any ratio, test or basket availability under this Agreement (including with respect to the Incurrence of Indebtedness or Liens, or the making of Asset Dispositions, acquisitions, mergers, the conveyance, lease or other transfer of all or substantially all of the assets of the Company, a Permitted Affiliate Parent or any Restricted Subsidiary or the designation of an Unrestricted Subsidiary) on or following the relevant LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is consummated or the definitive agreement for such Limited Condition Transaction is terminated or expires without consummation of such Limited Condition Transaction, any such ratio, test or basket shall be calculated on a pro forma basis assuming such Limited Condition Transaction and other transactions in connection therewith (including any Incurrence of Indebtedness and the use of proceeds thereof) have been consummated.

ARTICLE 5

Section 5.01 Merger and Consolidation

(a) No Borrower will consolidate with, or merge with or into, or convey, transfer or lease all or substantially all of its assets to, any Person, unless:

(1) the resulting, surviving or transferee Person (the “Successor Company”) will be a corporation, partnership, trust or limited liability company organized and existing under the laws of an Approved Key Jurisdiction and the Successor Company (if not such Borrower) will expressly assume, by executing and delivering a joinder agreement in the form contemplated by Section 10.21(c) of this Agreement, to the Administrative Agent, in form satisfactory to the Administrative Agent, all the obligations of such Borrower under the Loan Documents to which it is a party; provided that in the case of the Original Co-Borrower, it shall remain, or the Successor Company shall be, in all cases organized and existing under the laws of the United States or the District of Columbia;

(2) immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the Successor Company or any Subsidiary of the Successor Company as a result of such transaction as having been Incurred by the Successor Company or such Subsidiary at the time of such transaction), no Default or Event of Default shall have occurred and be continuing;

(3) either (A) immediately after giving effect to such transaction, the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries, or such Successor Company would be able to Incur at least an additional $1.00 of Indebtedness pursuant to Section 4.09(a)(2) or (B) the Consolidated Senior Secured Net Leverage Ratio of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries (including such Successor Company) or such Successor Company, any Permitted Affiliate

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Parent and the Restricted Subsidiaries would be no greater than that of the Company, any Permitted Affiliate Parent and the Restricted Subsidiaries immediately prior to giving effect to such transaction; and

(4) the Company or a Permitted Affiliate Parent shall have delivered to the Administrative Agent an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer complies with this Agreement; provided that in giving such opinion, such counsel may rely on an Officer’s Certificate as to compliance with Section 5.01(a)(2) and Section 5.01(a)(3) above and as to any matters of fact.

(b) No Loan Party (other than a Borrower) will consolidate with, or merge with or into, or convey, transfer or lease all or substantially all its assets to, any Person, other than another Loan Party (other than in connection with a transaction that does not constitute an Asset Disposition or a transaction that is permitted by Section 4.10), unless:

(1) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing; and

(2) either:

(A) the Successor Company (if not such Guarantor) expressly assumes all the obligations of that Loan Party under the Loan Documents to which such Loan Party is a party, by executing and delivering a joinder agreement in the form contemplated by Section 10.21(c) of this Agreement; provided that in the case of the Company, it shall remain, or the Successor Company shall be, in all cases organized and existing under the laws of an Approved Jurisdiction; or

(B) the Net Cash Proceeds of such transaction are applied in accordance with the applicable provisions of this Agreement.

(c) For purposes of this Section 5.01, the sale, lease, conveyance, assignment, transfer, or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of a Loan Party which properties and assets, if held by such Loan Party instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of such Loan Party on a Consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties and assets of such Loan Party.

(d) The Successor Company (if not such Loan Party) will succeed to, and be substituted for, and may exercise every right and power of, the relevant Loan Party under the Loan Documents to which such Loan Party is a party, and upon such substitution, the predecessor to such Loan Party will be released from its obligations under the Loan Documents, but, in the case of a lease of all or substantially all its assets, the predecessor to such Loan Party will not be released from the obligation to pay the principal of and interest on the Facilities.

(e) The provisions set forth in this Section 5.01 shall not restrict (and shall not apply to): (1) any Restricted Subsidiary that is not a Loan Party from consolidating with, merging or liquidating into or transferring all or substantially all of its properties and assets to a Loan Party or any Restricted Subsidiary that is not a Loan Party; (2) any Guarantor from merging or liquidating into or transferring all or part of its properties and assets to another Loan Party; (3) any consolidation or merger of a Borrower into any Loan Party; provided that for the purposes of this Section 5.01(e)(3), if a Borrower is not the Successor Company, the relevant Guarantor will assume the obligations of such Borrower under the Loan Documents to which such Borrower is party and Section 5.01(a)(1) and Section 5.01(a)(4) shall apply to such transaction; (4) any consolidation or merger effected as part of the Transactions; (5) any Solvent Liquidation; and (6) a Loan Party consolidating into or merging or combining with an Affiliate incorporated or organized for the purpose of changing the legal domicile or form of such entity or reincorporating such entity in another jurisdiction; provided that, for the purposes of this Section 5.01(e)(6), (A) Section 5.01(a)(1), Section 5.01(a)(2) and Section 5.01(a)(4) or (B) Section 5.01(b), as the case may be, shall apply to any such transaction.

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SCHEDULE I
GUARANTORS


1.			C&W Senior Secured Parent Limited (Cayman)
2.			Sable Holding Limited (England)
3.			CWIGroup Limited (England)
4.			Columbus International Inc. (Barbados)
5.			Coral-US Co-Borrower LLC (Delaware)
6.			Sable International Finance Limited (Cayman Islands)
7.			Cable and Wireless (West Indies) Limited (England)

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SCHEDULE II
LIST OF DOCUMENTS TO BE EXECUTED AND/OR RECONFIRMED

1. Re-confirmation of a Barbados law-governed Deed of Charge over Shares dated April 2, 2015, and made between Sable Holding Limited as Chargor, The Bank of Nova Scotia (as successor to BNP Paribas) as Security Trustee and Columbus International Inc. in respect of the shares of Columbus International Inc.

2. Re-confirmation of a Barbados law-governed Deed of Charge over Shares dated January 10, 2020, and made between Sable Holding Limited as Chargor, The Bank of Nova Scotia as Security Trustee and Columbus International Inc. in respect of the shares of Columbus International Inc.

3. Re-confirmation of certain Barbados law-governed Confirmation Deeds dated July 13, 2016, July 31, 2017, June 25, 2019, January 10, 2020 and January 24, 2020, and October 28, 2021, in each case made between Columbus International Inc. (formerly known as Columbus Cable (Barbados) Limited), Sable Holding Limited and The Bank of Nova Scotia, as Security Trustee.

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SCHEDULE III
LENDER TAX STATUS

PART A – UK


Name of Original Lender	Tax Status	UK Treaty Passport scheme reference number and jurisdiction of tax residence (if applicable)
Bank of America, N.A. (acting from its London branch)	UK Bank Lender	N/A
Barclays Bank plc	UK Bank Lender	N/A
BNP Paribas Fortis SA/NV	UK Treaty Lender	18/B/359080/DTTP (Belgium)
Citibank NA London (acting from its London branch)	UK Bank Lender	N/A
Credit Suisse AG, New York Branch	UK Treaty Lender	No DTTP number (Swiss)
FirstCaribbean International Bank (Bahamas) Limited	Not a UK Qualifying Lender	N/A
Goldman Sachs Bank USA	UK Treaty Lender	13/G/351779/DTTP (U.S.A.)
ING Capital LLC	UK Treaty Lender	13/I/273576/DTTP (U.S.A.)
JPMorgan Chase Bank, N.A., London Branch (acting from its London branch)	UK Bank Lender	N/A
Royal Bank of Canada (acting from its London Branch)	UK Bank Lender	N/A
Société Générale, London Branch	UK Bank Lender	N/A
The Bank of Nova Scotia	UK Treaty Lender	3/T/366714/DTTP (Canada)

PART B – IRELAND


Name of Lender			Tax Status
Specify legal name of Lender			Specify one of the following: 1) not an Irish Qualifying Lender; or 2) an Irish Qualifying Lender (other than solely on account of being an Irish Treaty Lender); or 3) an Irish Treaty Lender

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SCHEDULE 1.01A
REVOLVING CREDIT COMMITMENTS

2021 Extended Class B Revolving Credit Commitments


2021 Extending Class B Revolving Credit Lenders			2021 Extended Class B Revolving Credit Commitment
Bank of America, N.A.			$56,000,000
Deutsche Bank AG New York Branch			$40,000,000
ING Capital LLC			$50,000,000
Societe Generale, London Branch			$50,000,000
TOTAL:			$196,000,000

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2024 Extended Class B Revolving Credit Commitments


2024 Extending Class B Revolving Credit Lenders			2024 Extended Class B Revolving Credit Commitment
Banco Santander, S.A., New York Branch			$50,000,000
BNP Paribas Fortis SA/NV			$50,000,000
CIBC Caribbean Bank (Bahamas) Limited			$32,500,000
Citicorp North America, Inc.			$50,000,000
Goldman Sachs Bank USA			$50,000,000
JPMorgan Chase Bank, N.A.			$40,000,000
Royal Bank of Canada			$57,500,000
The Bank of Nova Scotia			$54,000,000
TOTAL:			$384,000,000

U-1

SCHEDULE 6.16
POST-CLOSING ACTIONS

1. Within 60 days of the Closing Date (as defined in the Term B-5 Joinder), all documents listed in Schedule II to this Agreement to be executed by the relevant Loan Party and delivered to the Administrative Agent and the Lenders.

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SCHEDULE 10.02
ADMINISTRATIVE AGENT’S OFFICE, CERTAIN ADDRESSES FOR NOTICES

ADMINISTRATIVE AGENT:

Administrative Agent’s Office


Agent Name			The Bank of Nova Scotia, London
Address:			201 Bishopsgate, 6th Floor London, EC2M 3NS
Attn:			Savi Rampat
Email:			[Separately Provided]
Phone:			[Separately Provided]
Fax:			[Separately Provided]

L/C ISSUER:

The Bank of Nova Scotia
Address: 201 Bishopsgate, 6th Floor

London, EC2M 3NS

Attn:     Savi Rampat
    [Separately Provided]
Phone:     [Separately Provided]
Fax:     [Separately Provided]

SWING LINE LENDER:

The Bank of Nova Scotia
Address: 201 Bishopsgate, 6th Floor

London, EC2M 3NS

Attn:     Savi Rampat
    [Separately Provided]
Phone:     [Separately Provided]
Fax:     [Separately Provided]

COMPANY:

C&W Senior Secured Parent Limited

Address: Griffin House

161 Hammersmith Road

London W6 8BS

Attn: Legal Department / Treasury

Email: [Separately Provided] / [Separately Provided]

With a copy to:
Ropes & Gray International LLP
60 Ludgate Hill
London EC4M 7AW
United Kingdom
Attention: Jane Rogers
E-mail: [Separately Provided]
Telephone: [Separately Provided] // Facsimile: [Separately Provided]

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SCHEDULE 10.21
ADDITIONAL PARTIES DOCUMENTS

1. Corporate Documents: Certified Organization Documents of each Additional Borrower or Additional Guarantor, and such certification of resolutions or other action and incumbency certificates of a Responsible Officer of each such Additional Borrower or Additional Guarantor as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each such Responsible Officer thereof to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Additional Borrower or Additional Guarantor will become a party.

2. Corporate Authority: to the extent required under the Organization Documents of an Additional Guarantor or applicable Law, the consent of the equity holder(s), Board of Directors or other appropriate corporate governing body of such Additional Guarantor to the execution and delivery, and performance by such Additional Guarantor, of the Loan Documents to which it is a party.

3. Legal Opinion: If requested by the Administrative Agent, a legal opinion as to organization, authority, execution, delivery and enforceability of the applicable Loan Documents.

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