DB1/136724199.3对修订和重述的信贷协议的第四修正案本协议于2023年4月21日(“本协议”)对修订和重述的信贷协议进行了第四次修订(“本协议”)，本协议的其他借款方为TorRid LLC，加州一家有限责任公司(“主要借款人”)，TorRid Intermediate LLC，特拉华州的一家有限责任公司(f/k/a TorRid Inc.，特拉华州的一家公司，“控股”)，本协议的其他担保方，美国银行，N.A.。，作为行政代理人和附属代理人(以这种身份，包括其任何继承人，“代理人”)，以及本合同的贷款方。本初步声明提及该修订及恢复信贷协议，日期为2017年10月23日(经修订及恢复信贷协议的修订第一修正案修订，日期为2019年6月14日，经修订及恢复信贷协议的修订第二修正案修订，日期为2019年9月4日，经修订及恢复信贷协议的特定第三修正案修订，日期为2021年6月14日)，以及经进一步修订、重述、修订及重述、补充，并在紧接本协议生效前生效的“现有ABL信贷协议”；经本协议修订的现有ABL信贷协议，“经修订的ABL信贷协议”；在借款人、控股公司、其他担保人、贷款方及代理人之间使用但在此未予定义的大写术语)；鉴于借款人已要求修订现有的ABL信贷协议，据此现有ABL信贷协议的某些条款将按本协议所载修订。因此，考虑到本协议规定的承诺以及其他良好和有价值的对价，双方特此同意如下：1.对现有的ABL信贷协议进行修订。现将现有的ABL信贷协议修改如下：(A)信贷协议。现对现有的ABL信贷协议进行修改，以删除粗体、删节文本(以与以下示例相同的方式表示：删节文本)，并增加黑体、双下划线文本(以与以下示例相同的方式表示：双下划线文本)，如本合同附件A所附经修订的ABL信贷协议页面所述。(B)凭信用证协议出示证物。现将附件A(循环贷款通知表格)全部删除，代之以新的附件A，如附件B所示。2.申述及保证。为促使本协议的其他各方订立本协议，贷款各方向本协议的每一出借方和代理人表示并保证，在本协议生效后：(A)贷款各方签署、交付和履行本协议以及履行本协议项下的义务已得到所有必要的公司或其他组织行动的正式授权，不得也不得：(I)违反任何此等人士的组织文件的条款；(Ii)违反或导致违反DB1/136724199.3 2，或构成(X)任何重大债务，或影响该人或其任何附属公司财产的任何重大债务，或(Y)任何政府当局的任何命令、强制令、令状或法令，或任何政府当局或其财产须受其约束的任何仲裁裁决，但在本条第(Ii)款所述的每种情况下，任何该等冲突、违反、终止、违反、不能合理地预期违约或付款会产生实质性的不利影响；(Iii)导致或要求在其任何资产上设立任何留置权(证券文件规定的有利于代理人的留置权除外)；或(Iv)违反任何适用法律，除非合理地预期任何此类违规行为不会产生实质性的不利影响。(B)本协议已由贷款各方妥为签立和交付。本协议构成每一借款方的法律、有效和具有约束力的义务，可根据其条款对借款方强制执行，但须遵守适用的破产、破产、重组、暂缓执行或其他一般影响债权人权利的法律，并受衡平法一般原则的约束，无论是否在衡平法诉讼中或在法律上予以考虑。3.先例条件。本协议和本协议第1节所述的修改应在代理满足下列先决条件的第一天生效：(A)本协议的副本，除非另有说明，否则应为正本或.pdf副本或其他传真件，并由(X)贷款方、(Y)贷款方和(Z)代理人正式签署和交付；和(B)代理人与本协议和本协议计划进行的交易相关的所有合理和有文件记录的自付费用和支出(包括但不限于代理律师的合理和有文件记录的费用、收费和支出)，均应在开具发票的范围内支付。在不限制修订的ABL信贷协议10.01(A)条款的一般性的情况下，为了确定是否符合本第3条规定的条件，签署本协议的每个贷款人应被视为已同意、批准、接受或满意本协议或本协议要求贷款人同意、批准、接受或满意的其他事项。4.修订、修改及豁免。除非符合修订后的ABL信贷协议，否则不得修改、修改或放弃本协议。除本协议明确规定外，本协议的执行、交付和效力不应视为放弃任何贷款人或代理人在任何贷款文件下的任何权利、权力或补救措施，也不构成放弃任何贷款文件的任何规定。5.贷款文件。本协议应构成经修订的ABL信贷协议和其他贷款文件的所有目的的贷款文件。6.管治法律等本协议应受纽约州法律管辖，并按照纽约州法律解释，而不考虑会导致适用除纽约州法律以外的任何法律的法律冲突原则。修改后的ABL信贷协议第10.12、10.14和10.15节在此作必要的参考并入。
DB1/136724199.3 3 7.对应物本协议可一式两份签署，每份副本应视为正本，但所有副本一起构成同一份文书。通过复印机或其他电子方式传送本协议签字页的签署副本，应与交付本协议的原始签署副本一样有效。[页面的其余部分故意留空]
DB1/136724199.3附件A符合信贷协议[请见附件。]经第三次修正案修订的信贷协议DB1/136748921.1136748921.3修订并重述日期为2017年10月23日的信贷协议，于2019年6月14日修订，并于2019年9月4日修订，并于2021年6月14日进一步修订，并于2023年4月21日进一步修订。对于本文所指名的借款人、本文所指名的担保人美国银行、行政代理和抵押品代理、本协议的其他贷款方和美国银行、北卡罗来纳州银行和富国银行、作为联合牵头安排人和联合簿记管理人的国家协会，作为牵头借款人，本文所指名的借款人、本文所指名的担保人美国银行、北卡罗来纳州银行和富国银行、作为联席牵头安排人和联合簿记管理人的国家协会
目录第-I-DB1/136748921.3目录节第I页条款定义和会计术语1.01定义术语1.02其他解释条款6461 1.03会计术语。6562 1.04舍入6563 1.05次日6663 1.06信用证金额6663 1.07证书6663 1.08分。6663 1.09利率6664第二条承诺和信贷延期6664 2.01循环贷款6664 2.02循环贷款的借款、转换和续期。6764 2.03信用证。6966 2.04周转额度贷款。7775 2.05提前还款。8078 2.06终止或减少承付款。偿还债务8179 2.07。利息8279 2.08。8280 2.09费用8380 2.10利息及费用的计算8381 2.11债务证据。8381 2.12一般付款；代理人的追回。贷款方分担付款8683 2.14贷款人之间的和解8684 2.15承担额增加。8,784 2.16名违约贷款人。8986 2.17延长到期日。9188第三条税收、收益保护和非法性；指定主要借款人9491DB1/136748921.3目录(续)第II-3.01Tax页。9491 3.02违法9895 3.03无法确定利率9896 3.04增加了成本；LIBOR RateTerm Sofr贷款准备金。10197 3.05赔偿损失10298 3.06减轻债务；更换贷款人。10299 3.07存续10399 3.08指定牵头借款人为借款人的代理人；连带法律责任10399第四条信用延期的前提条件104100 4.01本协议的有效性条件104100 4.02所有信用延期的条件106102第五条陈述和担保107103 5.01的存在、资格和权力107103 5.02授权；没有违反107103 5.03政府授权；其他协议107104 5.04具有约束力的财务报表；没有实质性的不利影响。108104 5.06诉讼108105 5.07财产所有权；留置权；持牌部门。108105 5.08环境合规性。109105 5.09保险109106 5.10税收109106 5.11 ERISA合规性110106 5.12子公司；股权110107 5.13保证金规定；投资公司法。111107 5.14披露111107 5.15遵守法律111107 5.16知识产权；许可证等111108 5.17劳工事务。112108 5.18安全文件。112109 5.19偿债能力。113109 5.20存款账户；信用卡安排。113109
DB1/136748921.3目录(续)第三-5.21页制裁问题和反腐败法。113109 5.22欧洲经济区金融机构。113110第六条肯定之约114110 6.01财务报表114110 6.02证书；其他资料115111 6.03通知117113 6.04偿债117114 6.05保全存续等118114 6.06维护财产118114 6.07维护保险118114 6.08遵守法律118114 6.09账簿和记录；会计师119115 6.10检验权。119115 6.11新增贷款方。120116 6.12现金管理。120116 6.13关于抵押品的资料121117 6.14实物盘存。122118 6.15环境法。122118 6.16进一步保证。122118 6.17遵守租赁条款。123119 6.18指定附属公司。123119 6.19制裁。123119 6.20反腐败法。124120第七条否定契约124120 7.01留置权124120 7.02投资124120 7.03负债；不合格股票。124120 7.04基本变动124120 7.05处置125121 7.06限制性付款125121 7.07提前还款126122 7.08业务性质变动。127122 DB1/136748921.3目录表(续)第IV-7.09页与关联公司的交易127123 7.10负担协议129125 7.11收益的使用129125 7.12材料文件的修订。129125 7.13财政年度；会计变更。130126 7.14存款账户；信用卡处理商。130126 7.15综合固定收费覆盖率。130126第八条违约事件和补救措施130126 8.01违约事件130126 8.02违约事件的补救133129 8.03资金的申请134130 8.04救济权。135131第九条代理人136132 9.01的任命和授权。136132 9.02放贷人权利137132 9.03免责条款137133 9.04按代理人划分的信赖性138134 9.05转委职责138134 9.06代理辞职139134 9.07不倚赖代理及其他贷款人139135 9.08无其他职责等140136 9.09代理商可能提交索赔证明140136 9.10抵押品和担保事项141136 9.11转让通知。141137 9.12报告和财务报表。142137 9.13完美机构。142138 9.14代理人的赔偿143138 9.15贷款人之间的关系143138 9.16追讨错误的款项143139第X条杂项143139 10.01修订等143139 10.02通知；效力；电子通信。146141
DB1/136748921.3目录(续)第V-10.03页无豁免；累计补救147143 10.04费用；赔偿；损害豁免。148143 10.05付款预留149144 10.06继承人和受让人。150145 10.07某些信息的处理；机密性154149 10.08抵销权155150 10.09利率限制155151 10.10对应方；整合；有效性156151 10.11生存156151 10.12可分割性156151 10.13更换贷款人157152 10.14适用法律；司法管辖权；等等。157152 10.15放弃陪审团审讯158153 10.16没有咨询或受托责任158154 10.17爱国者法案公告159154 10.18外国资产管制规例159154 10.19实质时间160155 10.20新闻稿。160155 10.21额外豁免。160155 10.22无严格施工。162157件10.23件附件。162157 10.24以电子方式执行任务和某些其他文件。162157 10：25维韦尔。163158 10.26承认并同意接受受影响金融机构的自救。163158 10.27关于任何受支持的QFC的确认。164159 10.28修正案和重述。164159个签名…………………………………………………………………………………S-1 10.29ABL债权人间协议。160 DB1/136748921.1136748921.3(-i)-附表1.01借款人2.01承诺和适用百分比5.01贷款方组织信息5.06诉讼5.07(B)(1)拥有房地产5.07(B)(2)租赁房地产5.11某些ERISA事件5.12子公司；其他股权投资5.17集体谈判协议5.20(A)DDAs 5.20(B)信用卡安排6.02财务和抵押品报告7.01现有留置权7.02现有投资7.03现有债务7.09附属公司交易10.02代理办公室；通知的某些地址展示形式A循环贷款通知B周转额度贷款通知C-1周转票据C-2周转额度票据D符合证书E转让和假设F借款基础证书G-1-G-4美国税务符合性证书H交易证书
DB1/136748921.1136748921.3-1-修订并重述信贷协议本修订及重述信贷协议(“协议”)于2017年10月23日订立，于2019年6月14日修订，于2019年9月4日修订，并于2021年6月14日进一步修订，当中包括加州一家有限责任公司TorRid LLC(“主要借款人”)、本协议附表1.01所列人士(连同主要借款人、每个“借款人”及统称为“借款人”)、Torid Intermediate LLC、特拉华州有限责任公司(f/k/a TorRid Inc.)。，特拉华州一家公司，“控股”)和每个其他担保人(定义见下文)不时为本协议当事人，每个贷款人不时为本协议当事人(统称为“贷款人”，个别为“贷款人”)，以及作为行政代理和抵押代理的美国银行。借款人、控股公司及其他担保人已订立一份信贷协议，日期为2015年5月1日(经修订及生效的“现有信贷协议”)。在该等借款人、控股公司及其他担保人(定义为“贷款人”)及美国银行，N。A.作为行政代理和附属代理。根据现有信贷协议的第10.01条，双方希望按照本协议的规定修改和重述现有的信贷协议。借款人要求贷款人提供循环信贷安排，初始本金总额不超过150,000,000美元，贷款人已表示愿意放贷，L/信用证发行人已表示愿意签发信用证，每一种情况下都符合本合同规定的条款和条件。考虑到本协议所载的相互契诺和协议，本协议双方约定并同意对现有信贷协议进行整体修订和重述，内容如下：第一条定义和会计术语1.01界定术语。在本协议中使用的下列术语应具有下列含义：“ABL债权人间协议”指根据定期贷款信贷协议代理的美国银行及其代表之间的ABL债权人间协议，该协议是为一个或多个其他债务类别的持有者、主要借款人和其他当事人而签订的，并根据本协议和本协议的要求不时进行修订、重述、补充或以其他方式修改，还应包括根据本协议条款签订的任何替代债权人间协议。“加速借款基准交付事件”指以下每一种情况：(I)任何特定违约事件的发生，或(Ii)借款人未能维持至少等于(A)贷款上限的12.5%(12.5%)和(B)10,000,000美元，在任何一种情况下，连续五(5)个工作日的可获得性。就本协议而言，(I)只要该特定违约事件未被放弃，和/或(Ii)如果由于借款人未能达到本协议要求的可用性而导致加速借款基准交付事件发生，则加速借款基准交付事件的发生应被视为持续发生，直至可用性超过(A)贷款上限的12.5%(12.5%)和(B)DB1/136748921中的较大者。1136748921.3-2-10,000,000美元，连续二十(20)个日历日(或代理人可能自行决定的较短期限)，在这种情况下，就本协议而言，加速借款基础交付活动不再被视为继续进行。在本定义中所述条件再次出现的情况下，本文规定的加速借款基础交付事件的终止不应以任何方式限制、放弃或延迟后续加速借款基础交付事件的发生。“可接受的所有权单据”，就贷款方从美国境外的某个地点运输到贷款方在美国的地点的任何库存而言，是指贷款方拥有、租赁或租赁的不可转让海运提单、空运提单或其他提单，并且(A)由不是实际拥有此类库存的任何贷款方的关联公司的共同承运人出具，(B)按照贷款方的命令出具，或在违约事件发生后和违约事件持续期间，如果代理人提出要求，则向贷款方发出。(C)不受任何留置权(以代理人为受益人和(A)、(B)、(E)和(O)款中所述的留置权除外)的约束)，以及(D)以代理人合理接受的其他条款为条件。“住宿费”具有第10.21(C)节规定的含义。“帐户”系指“UCC”所界定的“帐户”，亦指支付金钱债务的权利，不论是否因履行义务而赚取，(A)已出售、租赁、特许、转让或以其他方式处置的财产，(B)已提供或将提供的服务，或(C)因使用信用卡或签帐卡或卡上所载或与卡一起使用的资料而产生的付款权利。“ACH”是指自动结算所转账。“收购”指对任何人(A)投资或购买任何其他人的股权中的控股权，(B)购买或以其他方式收购另一人或另一人的任何业务部门的全部或几乎所有资产或财产，或(C)该人与任何其他人的任何合并或合并，或导致收购任何人的全部或基本上所有资产或股权的其他交易或一系列交易，在任何财政年度(A)至(C)的应付代价总额超过15,000,000美元的每一种情况下(除非当时存在或将由此产生特定的违约事件，在这种情况下，所有此类收购，无论金额如何，均应被视为“收购”)，在每一种情况下，属于共同计划一部分的任何交易或交易组。“额外承诺贷款人”是指每个提供承诺的人，而不是贷款人，以及每个现有贷款人按照第2.15节的规定增加其承诺，或按照第2.17节的规定提供具有延长到期日的承诺。“额外承诺”具有第2.17(C)节规定的含义。“调整日期”是指每个财政季度的第一天，从第三修正案生效日期后三个月的第一个财政季度开始。“行政调查问卷”是指代理人提供的形式的行政调查问卷。“受影响的金融机构”指任何欧洲经济区金融机构或英国金融机构。
DB1/136748921.1136748921.3-3-循环贷款的基本利率水平“附属公司”就任何人而言，是指(A)直接或通过一个或多个中间人直接或间接控制、由指定的人控制或控制的另一人，(B)该人的任何董事、高级职员、管理成员、合伙人、受托人或受益人，(C)直接或间接持有该人的任何类别股权的10%或以上的任何其他人，及(D)任何其他人士，而该人士直接或间接持有任何类别的股权10%或以上。“代理人”是指美国银行作为任何贷款文件下的行政代理人和抵押品代理人，或其任何继承人。“代理方”具有第10.02(C)节所规定的含义。“代理人办公室”是指代理人的地址和附表10.02所列的适当帐户，或代理人可能不时通知主要借款人和贷款人的其他地址或帐户。“总承诺额”是指承诺额的总和。截至第三修正案生效日期，承诺总额为150,000,000美元。“协议”指本信用证协议。“可分配量”具有第10.21(D)节规定的含义。“适用贷款人”是指所需的贷款人、所有受影响的贷款人或所有贷款人，视情况而定。“适用边际”是指：(A)从第三修正案生效之日起至第一个调整日为止，以下定价网格第二级中规定的百分比；和(B)自第一个调整日期起及之后以及此后的每个调整日，应根据截至该调整日期之前的会计季度的平均每日可用额度，从以下定价网格中确定适用边际；但如果任何财务报表或任何借款基础凭证在任何时间被重述或以其他方式修订(包括作为审计的结果)，或者如果该等财务报表或任何借款基础凭证中所载的信息被证明是虚假或不正确的，以致适用保证金将高于任何期间的有效保证金，而不构成对由此产生的任何违约或违约事件的豁免，则根据本协议到期的利息应立即并在任何适用期间内以更高的利率追溯重新计算，并应在要求时到期并支付(在净额结算后，在同一相关期间内，仅在该期间不超过相关调整日期之前的两个财政季度的范围内，在该期间支付的任何利息和费用的支付已被确定超过借款人的欠款，这是由于正确计算平均每日可获得性，从而导致该期间的定价较低)。平均每日可获得性LIBORTerm循环贷款保证金DB1/136748921.1136748921.3-4-0.25%III小于总承诺额的33%大于或等于总承诺额的67%1.75%II 0.75%“适用百分比”是指在任何时候对任何贷款人的所有债务(不包括其他负债)，除以(X)贷款人当时的承诺所得的百分比(或如果每个贷款人对发放循环贷款的承诺和L/信用证发行人对L/信用证展期的义务已根据第2.06节或第8.02节终止，或如果总承诺已经到期，则应对该贷款人的循环贷款的未偿还本金余额加上当时对该贷款人的未偿还L/信用证债务的总和)；(Y)总承诺额(或如果每个贷款人提供循环贷款的承诺和L/信用证发行人进行L/信用证展期的义务已根据第2.06节或第8.02节终止，或如果总承诺额已经到期，则指截至此时的未偿还余额总额)。每个贷款人的初始适用百分比列于附表2.01中该贷款人名称的相对位置，或在该贷款人成为本合同一方所依据的转让和假设中(以适用者为准)。“适用利率”是指，在计算时，(A)就商业信用证而言，年利率等于LIBOR利率期限贷款适用保证金的50%(50%)；(B)就备用信用证而言，年利率等于LIBOR利率期限贷款的适用保证金。“评估价值”就存货而言，是指经评估的有序清算价值，扣除与任何此类清算有关的费用和费用，该价值以借款人库存分类账中规定的库存成本的百分比表示，该价值应不时由代理人聘请的独立评估师进行的最新评估确定。“核准基金”指由(A)贷款人、(B)贷款人的关联公司、(C)管理或管理贷款人的实体或其关联公司、或(D)同一投资顾问或与该等贷款人、关联公司或顾问共同控制的顾问(视情况而定)管理或管理的任何基金。“安排人”指美国银行和富国银行，以其联合牵头安排人的身份。“受让人小组”是指两个或两个以上的合格受让人是彼此的关联公司，或由同一投资顾问管理的两个或两个以上的核准基金。承诺总额的67%以下，但大于或等于承诺总额的33%1.25%1.50%i 0.50%
DB1/136748921.1136748921.3-5-“转让和假定”是指贷款人和合格受让人(经第10.06(B)节要求其同意的任何一方同意)订立并由代理人接受的转让和假定，实质上是以附件E的形式或代理人批准的任何其他形式(包括使用电子平台产生的电子文件)接受的。“应占负债”指于任何日期，(A)就任何人士的任何资本租赁债务而言，其资本化金额将会出现在该人士于该日期根据公认会计原则编制的资产负债表内；及(B)就任何人士的任何合成租赁债务而言，剩余租赁的资本化金额或相关租约或其他适用协议或文书项下于该日期将会出现在该日期资产负债表上的类似付款的资本化金额(如有关租约、协议或文书已作为资本租赁入账)。“自动续期信用证”具有第2.03(B)(Iii)节所规定的含义。“可获得性”是指，在代理人确定可获得性的任何日期，其结果为：(A)(A)(A)贷款上限减去(B)(B)未偿还贷款总额。“可用期”是指从截止日期至(A)到期日、(B)第2.06节规定的总承诺终止日期和(C)各贷款人作出贷款承诺的终止日期以及L/信用证发行人根据第8.02节规定作出L/信用证信用展期的义务终止之日，两者中以最早者为准的期间。“可用准备金”是指，在不重复通过资格标准处理或排除的任何其他准备金或项目的情况下，也在不重复确定评估价值时所考虑的任何因素的情况下，代理人根据其允许的酌情决定权不时确定为适当的准备金，(A)反映代理人在抵押品上变现的能力的障碍或代理人在抵押品清算时可能收到的金额，(B)反映代理人根据其允许的酌情决定权确定的与抵押品变现有关的需要满足的债权和负债，(C)反映标准。(D)反映可能对抵押品价值产生不利影响的任何其他情况，或(E)反映对代理人对抵押品的留置权的可执行性或优先权产生不利影响的任何情况。在不限制前述一般性的情况下，可用准备金可包括(但不限于)基于以下条件的准备金：(I)租金；(Ii)关于合格的在途库存、关税和释放进口到美国的存货的其他成本；(Iii)未付税款和其他政府费用，包括但不限于从价税、房地产、个人财产、销售、PBGC的债权以及可能优先于代理人在抵押品中的利益的其他税项；(Iv)应付给任何贷款方雇员的工资、工资和福利；但不得征收与该等工资、工资和福利有关的可用准备金，除非现金管理事件已经发生并仍在继续，(V)客户信贷负债，(Vi)客户存款，(Viii)在两次评估之间合理预期的评估价值变化准备金，(Viii)仓库管理员或受托保管人的费用和其他允许的DB1/136748921.1136748921.3-6-6--可能优先于代理人在抵押品中的利益的产权负担，(Ix)现金管理准备金，和(X)银行产品准备金；但除非可获得性低于借款基数的25%(25%)，否则不得因贷款方对贷款方掉期合同的债务和义务而征收银行产品准备金。在代理人根据其允许的酌情决定权确定应建立或修改可用储备金时，代理人应在本合同规定的范围内通知牵头借款人。代理商建立的任何可用储备金的金额应与代理根据其允许的酌情决定权确定的储备金的基础事件、状况或其他事项有合理的关系。“可用期限”指，在任何确定日期，就当时的基准(如适用)而言，(X)如果当时的基准是定期利率，则该基准的任何期限用于或可用于确定利息期的长度，或(Y)在其他情况下，根据该基准计算的任何利息付款期，根据该日期的本协议(如适用)。“平均每日可用性”是指上一财政季度的平均每日可用性。“自救行动”是指适用的决议机构对受影响的金融机构的任何负债行使任何减记和转换权力。“自救立法”指(A)实施欧洲议会和欧洲联盟理事会指令第2014/59/EU号指令第55条的任何欧洲经济区成员国，欧盟自救立法附表中不时描述的针对该欧洲经济区成员国的实施法律、法规、规则或要求，或(B)英国，《2009年联合王国银行法》(经不时修订)第一部分和适用于联合王国的任何其他与解决不健全或破产银行有关的法律、法规或规则，投资公司或其他金融机构或其关联公司(通过清算、管理或其他破产程序以外)。“美国银行”指的是美国银行、北卡罗来纳州银行及其继任者。“银行产品”系指代理人、任何贷款人或其任何附属公司向借款方或其任何受限制附属公司提供的任何服务或便利，包括但不限于(A)掉期合同、(B)租赁和(C)供应链金融服务(包括但不限于应付贸易服务和供应商应收账款购买)，但不包括现金管理服务。“银行产品准备金”是指代理人根据其允许的酌情决定权不时确定的适当准备金，以反映贷款方就当时提供的或未偿还的银行产品所承担的责任和义务。“基本利率”是指任何一天的年浮动利率，等于(A)联邦基金利率加1%的1/2，(B)美国银行不时公开宣布为其“最优惠利率”的该日的有效利率，以及(C)LIBOR RateTerm Sofr加1.00%中的最高者。“最优惠利率”是美国银行根据各种因素设定的利率，包括美国银行的成本和预期收益、一般经济状况和其他因素，并用作一些贷款定价的参考点，这些贷款的定价可能是该宣布的利率，也可能是高于或低于该利率。美国银行宣布的最优惠利率的任何变化，应于公告中规定的开业之日生效。如果使用的是基本汇率
DB1/136748921.1136748921.3-7--根据本合同第3.03节的规定，作为替代利率，则基本利率应为以上(A)和(B)中的较大者，并应在不参考以上(C)条款的情况下确定。“基准利率贷款”是指以基准利率计息的贷款。“基准”最初是指伦敦银行间同业拆借利率；如果根据第3.03(C)节对基准进行了替换，则“基准”是指适用的基准替换，前提是该基准替换已经替换了先前的基准利率。凡提及“基准”时，应酌情包括在其计算中使用的已公布组成部分。“基准替代”是指，对于任何可用的期限：(1)为第3.03(C)(I)节的目的，可由代理商决定的下列第一个替代方案：(A)期限SOFR和(Ii)一个月期限的可用期限的0.11448%(11.448个基点)的总和，0。期限为3个月的可用期限为26161%(26.161个基点)，期限为6个月的可用期限为0.42826%(42.826个基点)，以及0。71513%(71.513个基点)，为期12个月的可用期限，或(B)总和：(1)每日简单SOFR和(2)0.11448%(11.448个基点)；条件是，如果最初用上述(B)款中包含的利率(每日简单SOFR加上适用的利差调整)替换LIBOR，并且在这种替换之后，代理商确定SOFR期限已经可用并且对代理商来说在行政上是可行的，并且代理商将这种可用性通知主要借款人和每一贷款人，然后在利息期间、相关利息支付日期或利息支付期开始之后计算，在每种情况下，基准替换应如上文(A)款所述那样开始；和(2)为第3节的目的。03(C)(2)，(A)替代基准利率和(B)调整(可以是正值或负值或零)的总和，在每种情况下，代理人和牵头借款人选择作为替代基准的调整，适当考虑到任何正在演变的或当时流行的市场惯例，包括有关政府机构就当时以美元计价的银团信贷安排提出的任何适用建议；但条件是，如果根据上文第(1)或(2)款确定的基准替代量将小于零，则就本协议和其他贷款文件而言，基准替代量将被视为零。任何基准替代应以与市场惯例一致的方式实施；如果这种市场惯例对代理人来说在行政上是不可行的，则应以代理人以其他方式合理确定的方式实施基准替代。“基准替换符合变更”是指，对于任何基准替换，任何技术、行政或操作变更(包括对“基本利率”的定义、“营业日”的定义、“利息期”的定义、确定利率和支付利息的时间和频率、借款请求或预付款的时间、转换或继续通知、回顾期限的适用性和长度、中断条款的适用性，以及其他技术方面的变更，行政或业务事项)，代理人决定可能是适当的，以反映该基准替代的采用和实施，并符合DB1/136748921.1136748921.3-8-允许代理人以与市场惯例基本一致的方式管理基准替代(或者，如果代理人决定采用该市场惯例的任何部分在行政上不可行，或者如果代理人确定不存在管理该基准替代的市场惯例，则按照代理人决定的与本协议和其他贷款文件的管理有关的合理必要的其他管理方式)。对于除伦敦银行间同业拆借利率以外的任何当时的基准，“基准过渡事件”是指当时基准的管理人或对该管理人有管辖权的政府当局或其代表发表公开声明或发布信息，宣布或声明所有可用的承租人具有或将不再具有代表性，或使其可用，或用于确定贷款利率，或将停止或将以其他方式停止，前提是在该声明或发布时，没有令代理人满意的继任管理人，该管理人将在该特定日期后继续提供该基准的任何代表性基调。《受益权证明》是指《受益权条例》要求的有关受益权的证明。“实益所有权条例”指C.F.R.§1010.230。“福利计划”是指(A)受ERISA第一章约束的“雇员福利计划”，(B)守则第4975节界定并受其约束的“计划”，或(C)其资产包括任何此类“雇员福利计划”或“计划”的任何个人(根据ERISA第3(42)节的目的，或为ERISA第一章或第4975节的目的)。一方的“BHC法案附属公司”是指“附属公司”(这一术语是根据12U。(S.C.1841(K))。“BHC法案关联方”系指该方的“关联方”(该术语根据“美国法典”第12编第1841(K)条定义并解释)。“被封锁的帐户”具有第6.12(A)(Ii)节所规定的含义。“受阻账户协议”是指就借款方设立的账户而言，以代理人合理满意的形式和实质，建立代理人对该账户的控制(如UCC中所定义)的协议，根据该协议，受阻账户银行同意，在现金支配权事件发生时和持续期间，在没有任何贷款方进一步同意的情况下，仅遵守代理人发出的指示。“冻结账户银行”是指开立存款账户、证券账户或商品账户的银行或其他金融机构，其存款账户、证券账户或商品账户集中了来自一个或多个DDA的任何贷款方的任何资金或维持抵押品收益，并且根据本协议或担保协议的条款已经或需要与其签署“冻结账户协议”。“董事会”对任何人来说，是指该人的董事会或其他管理机构，如果该人没有这样的董事会或其他管理机构，并且由单一实体拥有或管理，则指该实体的董事会，或在任何一种情况下，指其正式授权代表该董事会行事的任何委员会。除非另有规定
DB1/136748921.1136748921.3-9--“董事会”是指控股公司的董事会或借款人，视情况而定。“簿记管理人”是指美国银行和富国银行以联合簿记管理人的身份。“借款人材料”具有第6.02节中规定的含义。“借款人”具有本协议导言段中规定的含义。“借用”系指循环借用或摆动额度借用，视情况而定。“借款基数”是指在计算任何时候等于：(A)(A)合格信用卡应收款的面值乘以90%；加上(B)(B)合格存货的成本，扣除存货准备金后乘以90%(但在季节性超支期间，预付款应增加季节性预付款百分比)，再乘以合格存货的评估价值；加上(C)(C)在符合以下定义最后一项但书的情况下，合格在途库存的成本，减去库存储备，乘以90%(但在季节性超支期间，预付率应增加季节性预付款百分比)，再乘以符合资格的在途库存的评估价值；减去(D)(D)当时所有可用储备的金额；但在任何情况下，符合条件的在途库存可供借用的金额不得超过在途上限。“借款基础证书”是指基本上采用本合同附件F形式的证书(包括代理人可能要求的更改，以反映借款基础的组成部分和本合同规定的准备金)，并由牵头借款人的负责官员签署并证明其在所有重要方面都是准确和完整的，其中应包括适当的证物、明细表、支持文件和代理人合理要求的其他报告。“营业日”是指除周六、周日或其他商业银行根据代理人办事处所在地的法律被授权关闭或实际上关闭的日子以外的任何一天，如果该日与任何伦敦银行同业拆借利率贷款有关，则指也是伦敦银行的任何这样的日子；然而，当用于SOFR定期贷款时，DB1/136748921.1136748921。3-10术语“营业日”也不包括任何非美国政府证券营业日的日子。“资本支出”是指任何人在任何期间以现金支付的所有支出，在按照公认会计准则编制的该人在该期间的综合现金流量表中列为(或应列为)资本支出的所有支出，但“资本支出”不得包括(A)用(I)任何许可处置的收益对财产、厂房和设备进行的任何增加、更换、恢复或替换以及其他资本支出；在收到收益后十二(12)个月内将收益用于资本支出(或合同承诺用于资本支出)的范围内，(2)与丢失、被毁、损坏或被谴责的资产、设备或其他财产有关的保险和解、报废赔偿和其他和解的收益，前提是此类支出用于替换或修复此类丢失、被毁、损坏或被谴责的资产、设备或其他财产，或以其他方式获得、维护、开发、建造、改善、升级或修复对贷款方业务有用的资产或财产，或(Iii)任何贷款方或任何受限制附属公司因该等资本开支而发行的任何股权或收到的任何出资的收益，或(B)下列任何开支：(I)记为该人士的资本开支而实际由第三方(不包括控股公司、借款人或其任何附属公司)支付的任何开支，而控股公司、借款人或任何附属公司均没有或无须直接或间接向该第三方或任何其他人士(不论在此之前)提供或招致任何代价或义务。在该期间或之后)或(Ii)以租户改善津贴(或类似的房地产激励计划)融资，(C)在该期间内资本化的利息，(D)在该期间内购买的设备的购买价格，其代价包括(I)购买时交易的二手或剩余设备或(Ii)在正常业务过程中同时出售二手或剩余设备的收益的任何组合，在每种情况下，均包括(E)关于允许收购的投资。“资本租赁义务”是指任何人在任何期间根据不动产或非土地财产的任何租赁(或转让使用权的其他安排)或其组合所承担的支付租金或其他金额的义务，根据公认会计原则，该等义务须在该人士的资产负债表上分类并作为负债入账，而该等债务的金额应为根据公认会计原则厘定的资本化金额。“股本”是指：1.就公司或获豁免公司而言，是公司股份或该公司或获豁免公司的股本中的股份；2.就社团或商业实体而言，是指公司股份的任何及所有股份、权益、参与、权利或其他等价物(不论如何指定)；3.就合伙、获豁免的有限合伙或有限责任公司而言，是合伙或成员权益(不论是一般权益或有限责任)；以及4.赋予任何人权利以收取发行人的损益或资产分派的任何其他权益或参与，但不包括可转换为股本或可交换为股本的任何债务证券，不论该等债务证券是否包括任何参与股本的权利。“现金抵押品账户”是指一个或多个贷款方以代理人(或代理人另有规定)的名义在美国银行设立的无息账户
DB1/136748921.1136748921.3-11-DIRECT)，并在代理商的独家管辖和控制下，要求按照第2.03(G)或8节进行存款。02(C)。“现金抵押”是指为代理人、L/C发行人或贷款人中的一个或多个的利益，将现金或存款存入现金抵押品账户，或质押和存入或交付给代理人，作为贷款人为L/信用证义务或义务提供资金的抵押品(视上下文而定)、现金或存款账户余额，或者，如果代理人和L/信用证发行人自行决定同意，则根据代理人和L/信用证发行人合理满意的形式和实质的文件，在每种情况下，向代理人质押和存放或交付给代理人。“现金抵押品”应具有与前述相关的含义，并应包括此类现金抵押品和其他信贷支持的收益。“现金管理事件”是指(A)任何特定违约事件的发生和持续，或(B)借款人未能维持至少12.5%(12。贷款上限的5%)，以及(Ii)10,000,000美元，在任何一种情况下，连续五(5)个工作日。就本协议而言，现金主权事件的发生应视为由代理人选择(A)只要该特定违约事件未被放弃，和/或(B)如果现金主权事件是由于借款人未能达到本协议所要求的可获得性而发生的，则直至可获得性超过(I)贷款上限的12.5%(12.5%)和(Ii)连续二十(20)个日历日内10,000,000美元的较大者为止，在这种情况下，就本协议而言，现金主权事件不再被视为继续发生。“现金等价物”系指下列任何债务：(A)(A)由美利坚合众国或其任何机构或票据发行的、或由其任何机构或票据发行的、到期日不超过360日的、可随时出售的债务，或由其直接和充分担保或担保的债务；但以美利坚合众国的全部信用和信用作为担保；(B)(B)由任何根据美国任何一州的法律组织的人发行的商业票据，而该商业票据至少被穆迪评为“Prime-1”(或当时同等的评级)，或至少被S评为“A-1”(或当时的同等级别)，而每种票据的到期日均不超过自取得该票据的日期起计的180天；(C)(C)(I)(A)是贷款人，或(B)是根据美利坚合众国、该州或哥伦比亚特区的法律组织的商业银行，或是根据美利坚合众国、该州或哥伦比亚特区的法律组织的银行控股公司的主要银行附属银行的定期存款、受保存款证或银行承兑汇票，而该商业银行是联邦储备制度的成员，(Ii)发行(或其母公司发行)按本定义(B)款所述评级的商业票据，以及(Iii)资本及盈余合计至少为1,000,000,000美元，每种情况下的到期日均不超过自取得该等票据之日起计180天；(D)(D)(D)与满足上文(C)条所述标准的金融机构或与任何一级交易商订立的、期限不超过以上(A)款所述证券的期限不超过三十(30)天的完全抵押回购协议(不考虑该条款所载的到期日限制)，并且在订立该回购协议时的市值不少于回购金额的100%。1136748921.3-12-已与之订立回购协议的交易对手实体的义务；及(E)(E)根据公认会计准则分类为贷款方的流动资产的对任何货币市场基金、共同基金或其他投资公司的投资，这些投资由具有穆迪或S可获得的最高评级的金融机构管理，并仅投资于上文(A)至(D)项所述的一种或多种证券。“现金管理准备金”是指代理人根据其允许的酌情决定权不时确定为适当的准备金，以反映贷款方与当时提供的或未偿还的现金管理服务有关的合理预期的债务和义务。“现金管理服务”指代理人或任何贷款人或其任何附属公司向借款方或其任何受限附属公司提供的任何现金管理服务或便利，包括但不限于(A)ACH交易、(B)受控支付服务、金库、存管、透支和电子资金转账服务、(C)信用卡处理服务、(D)外汇兑换服务、(E)购物卡和(F)信用卡或借记卡服务。“CERCLA”系指“综合环境反应、赔偿和责任法”，载于“美国法典”第42编第9601节及其后。“CERCLIS”是指由美国环境保护局维护的综合环境响应、赔偿和责任信息系统。“氯氟化碳”系指根据《守则》第957条属于受控制外国公司的个人。“法律变更”系指在截止日期后发生下列任何情况：(A)任何法律、规则、条例或条约的通过或生效；(B)任何政府当局对任何法律、规则、条例或条约或其行政、解释、实施或适用的任何改变；或(C)任何政府当局提出或发出要求任何代理人、任何贷款人遵守的任何请求、规则、准则或指令(不论是否具有法律效力)，任何L信用证发行人或周转贷款人(或上述人士的任何贷款办事处或该人士的控股公司(如有))；但即使本协议有任何相反规定，(X)《多德-弗兰克华尔街改革和消费者保护法》及其下的所有请求、规则、指导方针或指令，以及(Y)国际清算银行、巴塞尔银行监管委员会(或任何后续机构或类似机构)、美国或外国监管机构根据巴塞尔协议III颁布的所有请求、规则、指导方针或指令，在任何情况下均应被视为“法律变更”，不论其制定、通过或发布的日期。“控制权变更”指发生以下情况的事件或一系列事件：(A)(A)在符合资格的首次公开招股完成之前的任何时间，核准持有人应停止直接或间接合法和实益地拥有和控制占所有有权在完全摊薄的基础上投票给董事会成员或同等的控股管理机构成员的所有股权的合计投票权超过50%的股权证券，除非当时核准持有人具有
DB1/136748921.1136748921.3-13--通过投票权、合同或其他方式选举或指定至少多数控股公司董事会成员参加选举的权利或能力；或(B)(B)在符合资格的首次公开招股完成后的任何时间，任何“个人”或“团体”(“交易法”第13(D)和14(D)条中使用的术语，但不包括该人或其附属公司的任何雇员福利计划，以及以任何此类计划的受托人、代理人或其他受信人或管理人的身份行事的任何个人或实体)，除许可持有人外，成为“实益拥有人”(定义见“交易法”第13d-3和13d-5条)，但个人或集团应被视为拥有该个人或集团有权获得的所有证券的“实益所有权”，不论该权利是立即可行使还是仅在一段时间后才可行使(该权利为“期权”)，直接或间接拥有(X)40%(40%)或以上的有权在完全稀释的基础上投票选举董事会成员或同等控股管理机构成员的控股公司的股权(并考虑到该“个人”或“集团”根据任何期权有权收购的所有此类股权)，或(Y)高于有权投票选举董事会成员或当时由获准持有人实益拥有的控股公司同等管理机构成员的控股公司股权的百分比；除非在上文第(X)或(Y)项的情况下，核准持有人在当时及其后的任何时间均有权或有能力透过投票权、合约或其他方式选出或指定至少过半数的控股公司董事会成员。“截止日期”是指2015年5月1日。“芝加哥商品交易所”指芝加哥商品交易所集团基准管理有限公司。“守则”是指1986年的“国内收入法典”，以及根据该法典颁布的、经修订并有效的条例。“抵押品”是指任何适用的证券文件中定义的任何和所有“抵押品”，以及根据证券文件条款属于或打算受以代理人为受益人的留置权约束的所有其他财产。“抵押品访问协议”是指由(A)受托保管人或拥有抵押品的其他人，或(B)任何贷款方租赁的房地产的任何房东签署的一项在形式和实质上令代理人合理满意的协议，根据该协议，(A)或(B)款(以适用者为准)所述的每个该等人(I)承认代理人对抵押品的留置权，(Ii)解除该人在其持有的抵押品或位于该房地产上的抵押品上的留置权或将其置于次要地位。(Iii)向代理人提供合理途径，以取得受托保管人或其他人士持有的抵押品或位于该物业之内或之上的抵押品；。(Iv)就任何业主而言，向代理人提供合理时间以出售及处置来自该不动产的抵押品，及(V)与代理人订立代理人可能合理要求的其他协议。“托收账户”具有第6.12(C)节规定的含义。“商业信用证”是指为提供与贷款方在其正常业务过程中购买任何材料、货物或服务有关的主要付款机制而签发的任何信用证或类似票据。“承诺”是指对每个贷款人而言，其有义务(A)根据第2款向借款人提供循环贷款。(C)购买DB1/136748921.1136748921.3-14-参与周转额度贷款，在任何时间未偿还的本金总额不得超过附表2.01中该贷款人姓名或该贷款人成为本协议一方所依据的转让和假设所载的金额，视情况适用，该金额可能会根据本协议不时进行调整。“承诺费”具有第2.09节规定的含义。“承诺费百分比”是指，就每个财政季度而言，(A)如上一财政季度的平均每日未偿还款项总额大于承担额总额的50%，每年0.25%，或(B)如上一财政季度的平均每日未偿还款项总额少于或等于承担额总额的50%，则为0。年利率375%。“商品交易法”指商品交易法(“美国法典”第7编)。(第1节及其后)“通信”具有第10.24(B)节规定的含义。“符合证书”是指实质上采用附件D形式的证书。“确认和批准协议”是指贷款方和代理人之间自生效之日起签订的某些确认和批准协议。“符合变更”是指使用或管理术语SOFR或任何建议的后续利率(视情况而定)，对基本利率、SOFR、期限SOFR和利息期限的定义、确定利率和支付利息的时间和频率以及其他技术、行政或操作事项(包括营业日和美国政府证券营业日的定义、借款请求或预付款的时间、转换或继续通知)的任何符合性变更。代理决定(在与牵头借款人协商后)可能适合反映该适用利率的采用和实施(S)，并允许代理以与市场惯例基本一致的方式管理该利率(或者，如果代理人认为采用该市场惯例的任何部分在行政上不可行或不存在用于管理该利率的市场惯例，则以代理人决定(在与牵头借款人协商后)在管理任何贷款文件方面合理必要的其他管理方式)。“关联所得税”是指以收入(无论其面额如何)征收或衡量的其他关联税，或者是特许经营税或分支机构利润税。“同意”是指寻求其同意的贷款人给予的实际同意；但在收到代理人向贷款人发出的拟采取的行动方案的书面通知后十(10)个工作日后，该贷款人未将该代理人同意或反对该行动的书面通知通知给该代理人，则该贷款人应被视为拒绝同意该行动。“合并”是指在用于修改某人的财务术语、测试、报表或报告时，根据公认会计准则对该人及其子公司的财务状况或经营结果进行合并的应用或编制(视情况而定)。
DB1/136748921.1136748921.3-15--“综合EBITDA”是指在确定的任何日期，相当于主要借款人及其受限子公司在最近完成的计价期的综合基础上的综合净收入的数额，加上(A)(A)在计算这种综合净收入时扣除的以下部分：(1)(1)综合利息费用，(2)(2)联邦、州、地方和外国所得税准备金，(3)折旧和摊销费用，(4)(4)支付给高级管理人员、董事或雇员的股票薪酬或其他非现金股权奖励的非现金费用和非现金项目；(5)(5)在第7.09(E)节允许的范围内支付给保荐人或其附属公司的管理费和交易费及开支；(6)(6)(6)减少与(A)养老金负债有关的综合净收入的非经常性费用；(B)根据会计准则汇编740-10应支付的税款；(Vii)(Vii)非经常性重组开支，使该等综合净收入在该计量期间合共不超过3,000,000美元，(Viii)(Viii)与发行任何股权(包括根据符合资格的首次公开招股)或产生或偿还根据本协议准许产生或偿还的债务有关的任何合理费用、开支或收费，包括准许对其进行再融资，(Ix)(Ix)[保留区]；(X)(X)[保留区]DB1/136748921.1136748921.3-55-在对这类债务的产生给予形式上的影响后，截至最近一次结束的测算期结束时，比率不大于3.50比1。(C)该等债务可在该等留置权根据其定义构成准许产权负担的范围内获得担保，及(D)借款人的受限制附属公司不是亦不会成为担保人的准许比率债务总额不得超过6,000万元。“准许再融资”，就任何人而言，是指为交换而发行的任何债务，或其净收益用于对债务进行再融资的展期、再融资、续期、更换、失败或退款(统称为“再融资”)；但(A)该项许可再融资的本金(或增值，如适用)不超过如此再融资的债务的本金(或增值，如适用)(加上未付的应计利息和保费，以及承保折扣、失败成本、手续费、佣金、费用和其他交易成本，以及相等于根据其未使用的任何现有承诺的数额)，(B)此类再融资的加权平均到期日大于或等于正在进行再融资的债务的加权平均到期日，(C)此类再融资不要求在到期日之前支付任何预定本金，(D)如果正在进行再融资的债务在偿付权上从属于本协议项下的债务，则在偿付权利上，此类允许再融资应从属于此类债务，其条款至少应与管理正在进行再融资的债务的文件中所载的条款一样有利于贷方；(E)任何允许的再融资不得有不同于正在进行再融资的债务的债务人的直接或间接债务人，或不属于正在进行再融资的债务的更大担保或担保的直接或间接债务人(如果有担保，应遵守留置权从属条款或其他债权人间协议，条款不得低于留置权从属条款或其他债权人间协议(如有，适用于再融资债务的留置权从属协议或其他债权人间协议的条款)，(F)此类允许再融资的条款不得实质上低于管理再融资债务的文件中所载条款，包括但不限于财务和其他契诺和违约事件，(G)适用于任何此类允许再融资的利率不得超过当时适用的市场利率，以及(H)当时，不应发生任何违约或违约事件，也不应继续发生。“允许门店关闭”是指在任何一个财政年度内，主要借款人及其子公司的门店关闭和相关库存处置不超过(I)该会计年度开始时借款人门店数量的15%(扣除新开门店)和(Ii)自第三修正案生效日起及之后，借款人门店数量的30%(30%)(第三修正案生效日起)。“人”是指任何自然人、公司、有限责任公司、信托、合资企业、协会、公司、合伙企业、有限合伙企业、政府主管部门或者其他实体。“计划”是指(I)ERISA第3(3)条所指的任何雇员福利计划(包括养老金计划，但不包括多雇主计划)，由主要借款人维持，或主要借款人对其负有任何负债或或有负债(包括由于ERISA附属公司的责任)。“平台”具有第6.02节中规定的含义。“优先股”是指在清算、解散或清盘时享有优先股息支付权的任何股权。DB1/136748921.1136748921.3-56-“预计可用性条件”是指，在任何计算日期，预计超额可获得性将等于或大于12.5%(12.5%)。“形式上的超额可获得性”是指，在任何计算日期，在对当时要完成的交易或要支付的款项给予形式上的效力后，在该交易或付款之日以及紧接该交易或付款前三十(30)天期间的每一天的可获得性。“预计可获得性条件”是指，在任何计算日期，预计超额可获得性将等于或大于贷款上限的15%(15%)。“上市公司成本”系指与以下各项有关的费用、预期费用或准备费用：(I)确定遵守经修订的2002年萨班斯-奥克斯利法案和相关的规则和条例，以及与遵守证券法和交易法的规定有关的费用，这些费用适用于公众持有的股权或债务证券的公司；(Ii)拥有上市股权或债务证券的国家证券交易所公司的规则；(Iii)雇员、顾问、董事或经理的薪酬、费用和费用补偿；(Iv)与投资者关系有关的费用；(V)董事及高级管理人员保险费及其他行政费用；(Vi)法律及其他专业费用及上市费用；及(Vii)因上述任何事项而产生或附带的其他开支。“公共贷款人”具有第6.02节所规定的含义。“合格财务合同”的含义与“美国法典”第12编第5390(C)(8)(D)条中“合格财务合同”一词的含义相同。“QFC信用支持”具有第10.27节中规定的含义。“合格ECP担保人”是指在任何时候总资产超过10,000,000美元的每一贷款方，或在商品交易法下有资格成为“合格合同参与者”的每一贷款方，并可导致另一人在商品交易法第1a(18)(A)(V)(Ii)条下在此时有资格成为“合格合同参与者”。“符合资格的首次公开招股”是指(A)首次公开招股实体的股权的首次承销公开发售(根据S-8表格登记声明的公开招股除外)，(B)导致首次公开招股实体的普通股权益在任何美国国家证券交易所或场外市场或加拿大、英国或欧盟任何成员国的任何类似交易所或市场公开交易的任何交易或一系列交易，或(C)由公开交易的特别收购公司或与上市的特别收购公司进行的首次公开招股实体的收购、购买、合并或合并。“合格收益”是指在类似业务中使用或有用的资产的公平市场价值，或从事类似业务的任何个人的股本。“不动产”是指任何贷款方现在或今后拥有的、受租赁约束的所有不动产和所有土地，连同其上的建筑物、构筑物、停车区和其他改进，包括与之相关的所有地役权、通行权和类似权利及其所有租赁、租赁和占用。
DB1/136748921.1136748921.3-57-“收款人”是指代理人、任何贷款人、L/信用证出票人或任何其他收款人，接受因任何贷款方的任何义务(不包括因其他债务而产生的义务)而支付的任何款项。“登记册”具有第10节所规定的含义。06(C)。“注册会计师事务所”具有证券法规定的含义，独立于证券法规定的牵头借款人及其子公司。“关联方”对任何人而言，是指此人的关联方以及此人和此人的关联方的合伙人、董事、高级职员、雇员、代理人、受托人、管理人、经理、顾问和代表。“相关政府机构”是指联邦储备系统理事会或纽约联邦储备银行理事会，或由联邦储备系统理事会或纽约联邦储备银行理事会或其任何后续机构正式认可或召集的委员会。“可报告事件”是指ERISA第4043(C)节规定的任何事件，但免除了30天通知期的事件除外。“报告”具有第9.12(B)节规定的含义。“信用延期申请”系指(A)对于循环贷款的借款、转换或延续，是指循环贷款通知；(B)对于L/C信用延期，是指信用证申请；(C)对于回旋额度贷款，是指回旋额度贷款通知。“所需贷款人”是指，在任何确定日期，至少有两个贷款人持有总承诺额的50%以上，或者，如果总承诺额已经终止，至少两个贷款人合计持有总未偿还贷款的50%以上(就本定义而言，每个贷款人对L/C债务和周转额度贷款的风险参与和资金参与的总额被视为由该贷款人“持有”)；但为了确定所需的贷款人，任何违约贷款人的承诺和所持有或被视为持有的未偿还贷款总额的比例应不包括在内。“可撤销金额”具有第9.16节中规定的含义。“储量”是指所有库存储量和可用储量。代理人有权在截止日期后的任何时间，根据其允许的酌情决定权，在提前通知牵头借款人的三(3)个工作日内建立新的、或修改或取消任何现有的准备金(在此期间，代理人应可与牵头借款人讨论任何此类拟议准备金)；但(I)在(1)违约事件发生后及持续期间，或(2)纯粹因按照先前披露及运用的计算方法以数学方法计算储备金款额而导致任何储备金的变动，则无须发出该等事先通知；及(Ii)在发出该等通知后，借款人在实施该等新储备金或经修订储备金后，不得借入超过借款基数的款项。“决议机构”指欧洲经济区决议机构，或就任何英国金融机构而言，指联合王国决议机构。DB1/136748921.1136748921。3-58-“负责人”是指借款方的首席执行官、首席财务官总裁、财务总监、财务主管或助理财务主管，或借款方现有负责人以书面指定给代理人的任何其他个人，作为本合同项下交付的任何证书或其他文件的授权签字人。根据本协议交付的任何文件，如由贷款方的负责人签署，应最终推定为已得到该贷款方所有必要的公司、合伙和/或其他行动的授权，该负责人应被最终推定为代表该贷款方行事。“限制性支付”是指任何人或其任何子公司的任何股本或其他股权的任何股息或其他分配(无论是现金、证券或其他财产)，或任何付款(无论是现金、证券或其他财产)，包括任何偿债基金或类似的存款，原因是购买、赎回、退休、失败、收购、注销或终止任何该等股本或其他股权，或由于向该人的股东、合伙人或成员(或其任何等价物)返还资本，或任何期权。取得任何该等股息或其他分派或付款的认股权证或其他权利。在不限制前述规定的情况下，与任何人有关的“限制性付款”还应包括该人用解散或清算该人的任何收益支付的所有款项。“受限附属公司”是指任何贷款方的非受限附属公司的任何附属公司。“循环借款”是指由同一类型的同时循环贷款组成的借款，就LIBOR RateTerm Sofr贷款而言，具有每个贷款人根据第2.01节提供的相同利息期。“循环贷款”是指贷款人根据第二款向借款人提供的信贷。01.“循环贷款通知”是指根据第2.02(B)节发出的关于(A)循环借款、(B)循环贷款从一种类型转换为另一种类型、或(C)延续LIBOR RateTerm Sofr贷款的通知，如果是书面通知，则基本上应采用附件A的形式。“循环票据”是指借款人以贷款人为受益人，证明该贷款人发放的循环贷款的本票，主要采用附件C-1的形式。“RP条件”是指，在确定作出任何限制性付款时，(A)当时不存在或不会因作出此类限制性付款而发生特定违约事件，(B)在给予此类限制性付款形式上的效力后，已立即满足形式上的RP可用性条件，(C)在此类受限付款之前的测量期内，综合固定费用覆盖率应大于或等于1.0至1.0，但如果根据本条款(B)计算的可用性，则本条(C)的规定不适用，在给予该限制付款形式上的效力之后，以及在紧接该限制付款之前的三十(30)天期间，该限制付款大于或等于贷款上限的百分之二十(20%)；及(D)牵头借款人应已向代理人递交由牵头借款人的负责人员签署的交易证书，并附上(经代理人认为合理详细且令代理人合理满意的)证据，证明符合上文(B)及(C)条所载的条件(视何者适用而定)。“S”系指标准普尔评级服务公司，麦格劳-希尔公司的一个部门及其任何继任者。
DB1/136748921.1136748921.3-59-“制裁(S)”是指由美国政府(包括但不限于外国资产管制处)、欧盟、英国财政部或具有适用管辖权的其他制裁机构实施或执行的任何适用的经济制裁。“萨班斯-奥克斯利法案”是指2002年的萨班斯-奥克斯利法案。“预定不可用日期”具有第3.03(B)节规定的含义。“季节性提前期百分比”为2.5%(2.5%)。“季节性超支期间”是指每年的9月1日至12月31日止的期间。“美国证券交易委员会”系指美国证券交易委员会或继承其任何主要职能的任何政府机构。“证券法”是指经修订的1933年证券法和据此颁布的“美国证券交易委员会”的规则和条例。“证券法”系指证券法、交易法、萨班斯-奥克斯利法案以及美国证券交易委员会或美国上市公司会计准则委员会颁布、批准或纳入的适用的会计和审计原则、规则、标准和惯例。“担保协议”是指贷款方和代理人之间截止日期的担保协议。“担保文件”指担保协议、冻结账户协议、信用卡通知、任何抵押品访问协议、任何客户经纪人/承运人协议，以及根据本协议签署并交付给代理人的其他担保协议或其他文书或文件，或授予留置权以担保任何义务的任何其他贷款文件。“结算日期”具有第2.14(A)节规定的含义。“股东权益”是指在任何确定日期，根据公认会计准则确定的主要借款人及其子公司截至该日期的合并股东权益。“缩水”指的是丢失、放错地方、被盗或以其他方式下落不明的库存。“类似业务”指(1)借款人或任何受限制附属公司于结算日进行或拟进行的任何业务，或(2)借款人及其受限制附属公司于结算日进行或拟进行的业务的合理类似、附属、附带、补充或相关的任何业务或其他活动(包括与任何准许投资有关而取得的非核心附带业务)，或对该等业务的合理延伸、发展或扩大。“SOFR”具有“每日简单SOFR”的定义中所规定的含义，指由纽约联邦储备银行(或继任管理人)管理的有担保隔夜融资利率。DB1/136748921.1136748921.3-60-“SOFR提前选择加入”是指代理人和牵头借款人已根据(1)提前选择加入选举和(2)“基准替换”定义第3.03(C)(I)节和第(1)段选择替换LIBOR。“SOFR调整”指的是年息0.10%(10.00个基点)。“偿付能力”和“偿付能力”是指，就某一特定日期的任何人及其受限制附属公司而言，在该日期(A)按公允估值，该人的所有财产和资产大于该人的债务(包括或有负债)的总和，(B)该人财产和资产的当前公平可出售价值不低于该人在其债务变为绝对债务和到期债务时可能承担的债务的偿付金额；(C)该人有能力变现其财产和资产，并偿付其债务和其他债务。(D)该人不打算、亦不相信会在该等债务到期时招致超出该人偿债能力的债务；。(E)该人并没有从事某项业务或交易，亦不打算从事某项业务或交易，而就该项业务或交易而言，该人的财产及资产在适当考虑该人所从事的行业的现行惯例后，会构成不合理的小额资本，(F)该人并非破产法第101(32)条所指的“无力偿债人”。在任何时候，所有担保和其他或有负债的数额，应按根据当时存在的所有事实和情况，可以合理地预期成为实际负债或到期负债的数额计算。“规定的可获得性”是指(A)可获得性和(B)当时借款基数超过总承诺额不超过总承诺额的2.5%的数额之和。“特定违约事件”是指发生任何第8节所述的违约事件。01(A)、8.01(B)(由于未能遵守第6.02(C)节、第6.12节或第7.15节)、8.01(D)(由于关于借款基地证明的任何重大失实陈述，在提供证明后三(3)个工作日内仍未纠正)或8.01(F)。“特定贷款方”指当时不是商品交易法(在第10.25条生效之前确定)下的“合格合同参与者”的任何贷款方。“赞助商”统称为Sycamore Partners Management L.L.C.及其各自的关联公司和由其管理或建议的基金或合伙企业(包括Sycamore Partners，L.P.和Sycamore Partners A，L.P.)，但不包括前述任何投资组合公司。“保荐人管理协议”是指Sycamore Partners Management，L.L.C.，TopCo和贷款方之间于2015年5月1日签订的、根据本协议及其条款不时修改、修改、补充或以其他方式修改的特定咨询协议。“备用信用证”是指任何非商业信用证，并且(A)用于代替或支持履约保证或在正常业务过程中产生的履约、保证或类似债券(上诉保证金除外)，(B)用于代替或支持暂缓付款或上诉保证金，(C)支持支付任何贷款方合理必要的意外保险的保险费，或(D)支持在正常业务过程中为已确定的产品或服务的购买或交换支付或履行保证金。
DB1/136748921.1136748921.3-61-“规定金额”是指在任何时候信用证可以兑现的最高金额。“商店”是指由任何贷款方经营或将经营的任何零售商店(可能包括任何房地产、固定装置、设备、库存和与之相关的其他财产)。“从属债务”是指在偿还权上明确从属于预先全额偿付债务的债务，其形式和条款由代理人以合理的书面形式批准。“附属公司”是指公司、合伙企业、合资企业、有限责任公司或其他商业实体，其中具有董事选举或其他管理机构普通投票权的大多数股权当时由该人实益拥有，或其管理层由该人通过一个或多个中介机构直接或间接控制，或两者兼而有之。除另有说明外，凡提及“子公司”或“子公司”，均指借款方的一家或多家子公司。“继承率”具有第3节中规定的含义。03(B)。“支持的QFC”具有第10.27节中规定的含义。“掉期合约”系指(A)任何及所有利率掉期交易、基差掉期、信用衍生交易、远期汇率交易、商品掉期、商品期权、远期商品合约、股票或股票指数掉期或期权、债券或债券价格或期权、远期债券或远期债券价格或远期债券指数交易、利率期权、远期外汇交易、上限交易、下限交易、领汇交易、货币掉期交易、交叉货币汇率掉期交易、货币期权、现货合约或任何其他类似交易或上述任何交易的任何组合。不论该等交易是否受任何主协议管限或受其规限，及。(B)受国际掉期及衍生工具协会出版的任何形式的主协议的条款及条件所规限或管限的任何及所有任何种类的交易及相关的确认书。、任何国际外汇主协议或任何其他主协议(任何此等主协议，连同任何相关的附表，称为“主协议”)，包括任何主协议项下的任何此等义务或法律责任。“互换义务”对于任何贷款方来说，是指该贷款方根据商品交易法第1a(47)条所指的构成“互换”的任何协议、合同或交易支付或履行的任何义务。“掉期终止价值”，就任何一份或多份掉期合约而言，是指在考虑到与该等掉期合约有关的任何可依法强制执行的净额结算协议的效力后，(A)在该等掉期合约成交当日或之后的任何日期内，该终止价值(S)；及(B)就(A)项所述日期之前的任何日期而言，合理地厘定为该等掉期合约按市值计价的金额(S)，根据任何认可交易商(可能包括贷款人或贷款人的任何关联公司)在此类掉期合约中提供的一个或多个中端市场报价或其他现成报价确定。“摆动额度借款”是指根据第二节的规定借入摆动额度贷款。04.DB1/136748921.1136748921.3-62-“摆动额度贷款人”是指美国银行，其作为摆动额度贷款的提供者，或本协议下任何后续的摆动额度贷款人。“回旋额度贷款”具有第2.04(A)节规定的含义。“周转额度借款通知”是指根据第2.04(B)节对周转额度借款发出的通知，如以书面形式发出，应主要采用附件B的形式。“回旋承兑汇票”是指借款人实质上以附件C-2的形式向回旋承贷机构付款的本票，用以证明该回旋承贷机构发放的回旋承贷贷款。“摇摆线升华”是指等于(A)20,000,000美元和(B)总承付款两者中较小者的数额。摇摆线升华是总承诺的一部分，而不是补充。永久减少总承诺额不应要求相应按比例减少总承诺额；但是，如果总承诺额减至低于总承诺额的数额，则总承诺额应减至等于总承诺额(或由牵头借款人选择少于)的数额。“综合租赁义务”是指一个人根据(A)所谓的综合、资产负债表外租赁或税收保留租赁或(B)财产使用或占有协议(包括出售和回租交易)承担的货币义务，在这两种情况下，产生的债务不出现在该人的资产负债表上，但在对该人适用任何债务人救济法时，这些债务将被定性为该人的债务(不考虑会计处理)。“税”是指任何政府当局征收的所有当前或未来的税、征、税、税、扣、扣(包括备用预扣)、评税、费用或其他费用，包括适用于其的任何利息、附加税或罚款。“定期贷款信贷协议”是指控股公司、主要借款人、作为行政代理和抵押品代理的美国银行以及贷款人之间的定期贷款信贷协议，日期为第三修正案生效日期，该协议可在本协议允许的范围内不时修改、补充、放弃或以其他方式修改，并且在每种情况下，该协议、文书或文件明确规定它不打算也不是定期贷款信贷协议，并可根据本协议允许的范围对其进行任何允许的再融资(除非该协议、文书或文件明确规定它不打算也不是定期贷款信贷协议)。“定期贷款文件”统称为(I)定期贷款信贷协议及(Ii)担保文件、债权人间协议(包括ABL债权人间协议)、担保、合并及与定期贷款安排或该等其他协议有关而签立的其他协议或文书，在每种情况下，经不时全部或部分修订、修订、补充、取代、替换、重述或再融资，包括与定期贷款安排的准许再融资有关。“定期贷款融资”系指根据或与前述任何条款有关而签立及交付的定期贷款信贷协议、定期贷款文件、根据该协议发行的任何票据，以及任何担保、担保协议、专利、商标或版权担保协议、按揭及其他担保、质押协议、担保协议及抵押品文件及其他文书及文件的统称，在每种情况下均可不时修订、补充、豁免或以其他方式修改。
DB1/136748921.1136748921.3-63-允许与之相关的再融资(除非该协议、文书或文件明确规定它不打算也不是定期贷款安排)，在每种情况下都应达到本协议允许的范围。“定期贷款义务”系指在第三修正案生效之日起生效的定期贷款工具中所定义的“义务”。“SOFR期限”指适用的相应期限(或如果基准的任何可用期限与适用基准替代的可用期限不对应，则最接近的相应可用期限，如果该可用期限与适用基准替代的两个可用期限相等，则应适用较短期限的相应期限)，(A)对于期限SOFR贷款的任何利息期，年利率等于该利息期开始前两个美国政府证券营业日的SOFR筛选利率，期限相当于该利息期；如果汇率没有在上午11：00之前公布，在该确定日期，则术语SOFR是指紧接其之前的第一个美国政府证券营业日的SOFR屏幕期限利率，在每种情况下，加上该利息期间的SOFR调整；以及(B)对于任何日期的基本利率贷款的任何利息计算，年利率等于SOFR屏幕期限利率两个美国。在该日期之前的政府证券营业日，期限为一个月，自该日起；如果利率没有在上午11：00之前公布。在这样的确定日期，术语SOFR指的是术语SOFR在第一个美国在紧接其前一天的政府证券营业日，在每种情况下，加上该期限的SOFR调整；但如果根据本定义的上述(A)或(B)条款中的任何一项确定的SOFR期限否则将小于零，则就本协议而言，SOFR期限应视为零。“SOFR定期借款”是指由SOFR定期贷款组成的借款。“定期SOFR贷款”是指按SOFR一词定义(A)款的利率计息的循环贷款。“术语SOFR更换日期”具有第3节中规定的含义。03(B)。“SOFR Screen Rate”是指相关政府机构根据SOFR选择或推荐的前瞻性SOFR Screen Rate，由CME(或代理满意的任何后续管理人)管理，并在适用的Reuters Screen页面(或提供代理可能不时指定的报价的其他商业来源)上发布。“终止日期”是指下列中最早发生的日期：(A)到期日，(B)债务(不包括其他负债)加速(或被视为加速)到期之日，以及根据第八条规定的总额承诺不可撤销地终止(或被视为终止)之日，或(C)根据第2款的规定终止承诺总额之日。06号。DB1/136748921.1136748921.3-64-“第三修正案”是指在第三修正案生效之日，贷款方、贷款方和代理人之间对修订和重新签署的信用协议的某些第三修正案。“第三修正案确认和批准协议”是指贷款方和代理人之间自第三修正案生效之日起签订的某些确认和批准协议。“第三修正案生效日期”指2021年6月14日。“第三修正案生效日期分配”是指在第三修正案生效日期或前后向主要借款人的股权的直接和间接持有人发放的特别现金股息；但该第三修正案生效日期分配不得使用任何循环贷款的收益，除非形式上符合支付条件。“第三修正案费用函”是指截至2021年6月14日借款人和代理人之间的题为“费用函”的信函。“总资产”是指借款人和受限制子公司在任何时候的总资产，是根据公认会计准则在综合基础上确定的，显示在当时的主要借款人或其他可获得的人的资产负债表上(由主要借款人真诚地确定)。“总净杠杆率”指就任何测算期而言，(A)截至该测算期最后一天的综合未偿债务总额与(B)借款人及其受限制附属公司于该测算期的综合EBITDA的比率，每种情况下均按备考基准及适当的备考调整计算。“未偿还债务总额”是指所有贷款和所有L信用证债务的未偿还金额的总和。“商标”具有“担保协议”中规定的含义。“与敌贸易法”具有第10.18节所规定的含义。“交易证书”是指实质上采用附件H形式的证书。“交易”是指对现行信贷协议的修改和重述，以及在生效日期发生的交易。“类型”指，就循环贷款而言，其性质为基本利率贷款或伦敦银行同业拆借利率软贷款。“统一商法典”或“统一商法典”系指纽约州不时施行的“统一商法典”；但如果统一商法典第9条对某一术语的定义与其另一条有所不同，则该术语应具有第9条所规定的含义；此外，如果由于法律的强制性规定、完美或不完美的效果，或任何抵押品上的担保权益的优先权或本合同项下的任何补救措施的可获得性，受纽约州以外的司法管辖区有效的统一商法典管辖，则“统一商法典”指为本协议有关规定的目的在该其他司法管辖区有效的统一商法典。
DB1/136748921.1136748921.3-65--完美或不完美的完美或效果，或这种补救的优先权或可获得性，视情况而定。就任何信用证而言，“UCP 600”是指国际商会(“ICC”)出版物第600(或在发出时有效的较新版本)。“UFCA”具有第10.21(D)节中规定的含义。“UFTA”具有第10节中规定的含义。21(D)。“英国金融机构”指任何BRRD业务(如英国审慎监管局颁布的PRA规则手册(经不时修订)所界定)或受英国金融市场行为监管局颁布的FCA手册(经不时修订)的IFPRU 11.6约束的任何个人，包括某些信贷机构和投资公司，以及该等信贷机构或投资公司的某些附属公司。“英国清算机构”是指英格兰银行或任何其他负责英国金融机构清算的公共行政机构。“非故意超支”是指，据代理人所知，超支在发生时并不构成超支，但由于贷款方无法控制的情况变化，包括但不限于借款基础中包括的财产或资产的评估价值减少或贷款方的失实陈述，该超支已成为超支。“United States”和“U.S.”指的是美利坚合众国。“未报销金额”具有第2.03(C)(I)节规定的含义。“非限制性附属公司”是指根据第6.18节由控股公司董事会指定的贷款方的附属公司。“美国政府证券营业日”指任何营业日，但证券业和金融市场协会、纽约证券交易所或纽约联邦储备银行因美国联邦法律或纽约州法律(视具体情况而定)为法定假日而不营业的营业日除外。“美国。美国人“系指”守则“第7701(A)(30)节所界定的”美国人“。“美国。特别决议制度“具有第10.27节规定的含义。“美国。纳税证明“具有第3.01(E)(Ii)(B)(Iii)节所规定的含义。任何人在任何日期的“有表决权股票”，是指该人当时有权在其董事会选举中投票的股本。“富国银行”指的是富国银行，全国协会。DB1/136748921.1136748921.3-66-“全资附属公司”对任何人而言，是指其所有股权(就公司而言，董事合资格股份除外)直接或间接由该人或该人的一家或多家全资附属公司或由该人及该人的一家或多家全资附属公司直接或间接拥有或控制的任何公司、合伙企业或其他实体。“减记和转换权力”是指(A)适用的欧洲经济区决议管理局根据适用的欧洲经济区成员国的自救立法不时减记和转换的权力，这些权力在欧盟自救立法附表中有说明；或(B)就联合王国而言，适用的调解当局根据自救计划法例所具有的任何权力，以取消、减少、修改或更改任何英国金融机构的法律责任或产生该法律责任的任何合约或文书的形式，将该法律责任的全部或部分转换为该人或任何其他人的股份、证券或义务，规定任何该等合约或文书的效力，犹如某项权利已根据该合约或文书行使一样，或就该法律责任或根据该自救计划法例而具有的与任何该等权力有关或附带的任何权力中止任何责任。1.02其他解释规定。关于本协议和每个其他贷款文件，除非本协议或其他贷款文件另有规定：(A)本协议中术语的定义应同样适用于所定义术语的单数形式和复数形式。只要上下文需要，任何代词都应包括相应的阳性、阴性和中性形式。“包括”、“包括”和“包括”应被视为后跟“但不限于”一词。“遗嘱”一词应被解释为与“应当”一词具有相同的含义和效力。除文意另有所指外，(I)任何协议、文书或其他文件(包括任何组织文件)的任何定义或提及，均应解释为指经不时修订、重述、修订及重述、补充或以其他方式修改的协议、文书或其他文件(受本文件或任何其他贷款文件所载的该等修订、重述、修订及重述、补充或修改的任何限制所规限)，(Ii)本文件中对任何人的任何提及均应解释为包括此人的继任者和受让人，(Iii)“本协议”、“本协议”及“本协议下的”等字眼，“在任何贷款文件中使用类似含义的词语时，应解释为指该贷款文件的整体，而不是其中的任何特定条款，(Iv)贷款文件中对条款、章节、证物和附表的所有提及，应解释为对该贷款文件的条款、章节、证物和附表的提及；(V)对任何法律的任何提及，应包括所有合并、修订、取代或解释该法律的成文法和规范性规则、规章、命令和规定；除非另有说明，否则任何法律或规章的任何提及应：指经不时修订、修订或补充的法律或法规，及(Vi)“资产”及“财产”一词应解释为具有相同的涵义及效力，并指任何及所有有形及无形资产及财产，包括现金、证券、账户及合约权利。(B)在计算由某一指明日期至另一较后指明日期的期间时，“自”一词指“自”及“包括”；“至”及“至”各字均指“至但不包括在内”；而“通过”一词则指“至及包括”。“
DB1/136748921.1136748921.3-67-(C)本协议和其他贷款文件中的章节标题仅供参考，不应影响本协议或任何其他贷款文件的解释。(D)本合同或任何其他贷款文件中提及的对债务的清偿、偿还或全额付款，应指(I)以美元全额现金或立即可用资金(或就信用证和银行产品(互换合同除外)的或有偿还义务而言，提供现金抵押)，除(X)未主张的或有赔偿义务外，包括支付互换合同下当时适用的(或因偿还其他债务而将会或可能变得适用的)所有债务(包括支付当时适用的任何终止金额(或由于偿还其他债务而将会或可能变得适用的)，(Y)与银行产品有关的任何义务(包括掉期合同)，此时被适用的银行产品提供商允许保持未偿还状态而无需偿还或现金抵押，以及(Y)与现金管理服务有关的此时被适用的现金管理服务提供商允许保持未偿还状态而无需偿还的任何义务，及(Ii)L/C发行人在本合同项下的承诺总额和签发信用证的义务终止。1.03会计术语。(A)概括而言。根据本协议规定须提交的所有财务数据(包括财务比率及其他财务计算)，应与本协议未予明确或完全界定的所有会计术语的解释一致，而根据本协议须提交的所有财务数据(包括财务比率及其他财务计算)，亦应与在编制第6节所述财务报表及相关材料时所采用的方式一致，并在一致的基础上按不时生效的GAAP进行编制。01(A)，除非本合同另有特别规定。(B)公认会计原则的变化。在任何时候，如果GAAP的任何变化将影响任何贷款文件中所列任何财务比率或要求的计算，且牵头借款人或被要求的贷款人提出要求，代理人、贷款人和牵头借款人应根据GAAP的这种变化，真诚地协商修改该比率或要求，以保留其原始意图(须经要求的贷款人批准)；但在作出上述修订之前，(I)该比率或要求应继续根据GAAP在作出该等改变前计算，以及(Ii)牵头借款人应向代理人及贷款人提供本协议所要求或本协议项下合理要求的财务报表及其他文件，列明该比率或要求在实施该GAAP改变之前及之后所作的计算之间的对账。尽管上文有任何相反规定，在“应占负债”的定义或“资本租赁债务”的定义中，在对其作出任何决定时，适用的金额应为资本租赁(“融资租赁”，在牵头借款人采用会计准则汇编第842号租赁后的“融资租赁”)的负债额，该负债在当时将被要求资本化，并在根据美国公认会计准则编制的资产负债表上反映为资本租赁。在主要借款人采用会计准则汇编主题842租赁之前不构成融资租赁的任何融资租赁或类似债务，应被视为不代表资本租赁债务或债务。1.04舍入。根据本协议，贷款方必须维持的任何财务比率的计算方法是将适当的组成部分除以另一个组成部分，并将计算结果带到比本文DB1/136748921中所表示的比率位数多一位的位置。1136748921.3-68-并将结果向上或向下舍入到最接近的数字(如果没有最接近的数字，则向上舍入)。1.05次/天。除另有说明外，本文中提及的所有时间均为东部时间(夏令时或标准时间，视情况而定)。1.06信用证金额..除非另有说明，否则本合同中任何时候提及的信用证金额均应被视为该信用证在当时有效的规定金额；但是，如果任何信用证的条款或与此相关的任何发行人文件的条款规定一次或多次自动增加信用证规定的金额，则该信用证的金额应被视为在实施所有该等增加后的最高规定金额，而不论该最高规定金额在当时是否有效。1.07认证。借款方的高级职员或代表在本合同项下作出的所有证明，应由该人仅以该借款方的高级职员或代表的身份，代表该借款方而不是以该人的个人身份作出。1.08分部。。就贷款文件下的所有目的而言，与特拉华州法律(或不同司法管辖区法律下的任何类似事件)下的任何分割或分割计划有关：(A)如果任何人的任何资产、权利、义务或债务成为另一人的资产、权利、义务或债务，则应被视为已从原始人转移到后继人，以及(B)如果有任何新的人存在，则该新的人应被视为在其存在的第一天由当时的股权持有人组成。1.09的利率。对于“LIBOR RateTerm Sofr”定义中的利率或作为任何该等利率(包括但不限于任何基准替换利率)或后续利率(包括但不限于任何基准替换利率或符合更改的任何基准替换利率)的任何利率(为免生疑问，包括对该利率的选择或任何相关利差或其他调整)，代理人不保证、也不承担责任，也不对管理、提交或与本文提及的任何参考利率有关的任何其他事项承担任何责任。代理人可自行决定选择信息来源(S)，以根据本协议条款确定本协议所指的任何参考利率或任何替代、后续或替代利率(包括任何后续利率)或其任何组成部分，并且对于与选择有关或影响选择的任何错误或其他行为或不作为，代理人不对任何贷款人、贷款方或其他人承担任何责任，包括直接或间接、特殊、惩罚性、附带或后果性损害、成本、损失或支出(无论是侵权、合同或其他方面的，也无论是法律上还是衡平法上的)。确定或计算由该信息来源(S)提供的任何费率(或其组成部分)。第二条承诺和信贷展期2.01周转贷款。在符合本协议规定的条款和条件的情况下，每家贷款人各自同意在可用期间内的任何营业日向借款人不时发放贷款(每笔贷款为“循环贷款”)，贷款总额在任何时候都不超过
DB1/136748921.1136748921.3-69-未偿还金额(X)该贷款人的承诺额，或(Y)该贷款人在借款基数中的适用百分比；但条件是：(A)在实施任何循环借款后，(X)未偿还贷款总额不得超过贷款上限，(Y)任何贷款人的循环贷款未偿还总额加该贷款人占所有L/信用证债务未偿还金额的适用百分比，加上该贷款人占所有周转额度贷款未偿还金额的适用百分比不得超过该贷款人的承诺；和(B)所有L/信用证债务的未清偿金额在任何时候都不得超过信用证规定的金额。在各贷款人承诺的范围内，借款人可根据本第二款借款，但须遵守本协议的其他条款和条件。01，根据第2.05节预付，根据第2.01节重新借款。2.02循环贷款的借款、转换和续期。(A)循环贷款(周转额度贷款除外)应是基本利率贷款或LIBOR RateTerm Sofr贷款，由牵头借款人根据第2.02节的规定提出要求。所有周转额度贷款应仅为基本利率贷款。除第2.02节的其他规定另有规定外，可同时发生一种以上类型的循环借款。(B)每次循环借款、每次循环贷款从一种类型转换为另一种类型、以及每次延续LIBOR RateTerm Sofr贷款，应在牵头借款人向代理人发出不可撤销的通知后进行，并可通过电话发出。代理商必须在不迟于下午1：00之前收到每个此类通知。M.(I)任何LIBOR RateTerm Sofr贷款或LIBOR RateTerm Sofr贷款转换为基本利率贷款的请求日期前三(3)个营业日，以及(Ii)任何基本利率贷款借款的请求日期。牵头借款人根据第2.02(B)节发出的每份电话通知必须通过向代理人交付书面循环贷款通知的方式迅速予以确认，并由牵头借款人的一名负责人适当填写和签署。每一笔LIBOR RateTerm Sofr贷款的借款、转换或延续的本金金额应为1,000,000美元，或超出本金500,000美元的整数倍。除非第2.03(C)和2.04(C)节另有规定，否则每次借款或转换为基本利率贷款的金额应为代理人可能要求的最低金额。每份循环贷款通知(无论是电话通知还是书面通知)应指明(I)牵头借款人是否请求循环借款、将循环贷款从一种类型转换为另一种类型、或延续LIBOR RateTerm Sofr贷款，(Ii)借款、转换或延续(视属何情况而定)的请求日期(应为营业日)，(Iii)将借入、转换或延续的循环贷款的本金金额，(Iv)将借入的循环贷款的类型或现有循环贷款将转换为何种类型，以及(V)如果适用，与之相关的利息期限。如果牵头借款人没有在循环贷款通知中指明循环贷款的类型，或者如果牵头借款人没有及时发出通知，要求转换或延续LIBOR RateTerm Sofr贷款，则适用的循环贷款应作为基本利率贷款发放或转换为基准利率贷款。对于适用的LIBOR RateTerm Sofr贷款，任何此类自动转换为基本利率的贷款应自当时有效的利息期的最后一天起生效。如果牵头借款人在任何此类循环贷款通知中请求借用、转换或延续LIBOR RateTerm Sofr贷款，但没有指定利息期限，将被视为已指定一个月的利息期限。DB1/136748921.1136748921.3-70-尽管本文有任何相反规定，摆动额度贷款不得转换为LIBOR RateTerm Sofr贷款。(C)在收到循环贷款通知后，代理人应立即将其适用的循环贷款的适用百分比通知各贷款人，如果牵头借款人未及时发出转换或继续的通知，代理人应将第2节所述的LIBOR RateTerm Sofr贷款自动转换为基本利率贷款的细节通知各贷款人。02(B)。在循环借款的情况下，每个贷款人应在不迟于下午1点之前将其循环贷款的金额以立即可用资金的形式提供给代理人办公室。在适用的循环贷款通知中指定的营业日。在满足第4.02节规定的适用条件后(如果该借款是第4.01节的初始信用延期)，代理人应尽合理努力，使借款人在不迟于下午4：00之前以同样的资金获得所有如此收到的资金。在代理人收到之日，通过(I)将此类资金的金额记入美国银行账簿上的牵头借款人账户的贷方，或(Ii)电汇此类资金，在每种情况下，均按照牵头借款人向代理人提供(并合理地接受)代理人的指示；但条件是，在牵头借款人就此类借款发出循环贷款通知之日，如有未偿还的L汇票借款，则借款所得款项首先应用于全额偿付任何此类L汇票借款，其次应如上所述提供给借款人。(D)代理人可在未经牵头借款人要求的情况下，预支任何贷款方根据本合同或任何其他贷款文件有权获得的任何利息、手续费、服务费(包括直接电汇费用)、费用或其他付款，并可将其计入贷款账户，即使由此可能导致超支。代理人应在任何该等垫款或收费作出后，立即通知牵头借款人。代理人的这一行为不应构成放弃代理人根据第2条规定的权利和借款人的义务。05(C)。按照第2.02(D)节的规定增加到贷款账户本金余额的任何数额，应按当时和此后适用于基本利率贷款的循环贷款的利率计息。(E)除本文另有规定外，LIBOR RateTerm Sofr贷款只能在该LIBOR RateTerm Sofr贷款的利息期的最后一天继续或转换。在违约或违约事件发生期间，未经所需贷款人同意，不得申请、转换或继续作为LIBOR RateTerm Sofr贷款。(F)在LIBOR RateTerm Sofr贷款的利率确定后，代理人应立即通知牵头借款人和贷款人适用于该利率期间的利率。在基本利率贷款未偿还的任何时候，代理人应在美国银行在确定基本利率时使用的最优惠利率发生任何变化后，立即通知主要借款人和贷款人。(G)在实施所有循环借款、从一种类型向另一种类型的所有循环贷款转换以及相同类型的循环贷款的所有延续之后，LIBOR RateTerm Sofr贷款的有效利息期不得超过五(5)个。(H)代理人、贷款人、周转额度贷款人和L/信用证出借人没有义务提供任何贷款或提供任何信用证，如果超支的话。代理人在其许可的酌情决定权下，可以在未经借款人、贷款人、摆动额度贷款人和L/C出借人以及借款人摆动额度同意的情况下，进行允许的超支。
DB1/136748921.1136748921.3-71-出借人，各出借人和L信用证出票人均受此约束。任何允许的超额垫款都可能构成一笔回旋额度贷款。允许的超支由借款人承担，应构成按基本利率计息的循环贷款和债务，并应由借款人根据第2.05(C)节的规定偿还。代理人或任何贷款人在任何情况下作出任何该等准许超支，并无责任在任何其他情况下作出或准许任何准许超支，或准许该等准许超支继续存在。代理人的允许超额预付款不得修改或废除第2款的任何规定。03关于贷款人关于信用证购买参与权的义务，或第2.04节关于贷款人关于周转额度贷款购买参与权的义务。代理人不承担任何责任，且任何贷款方或信用方都无权或不应就无意超支向代理人提出任何索赔，而不论此类超支的金额是多少。任何贷款的任何部分都不应由ERISA第3(42)条所指的“计划资产”提供资金或持有。(I)就SOFR或SOFR条款而言，代理人(在与牵头借款人磋商后)将有权不时作出符合规定的更改，而即使本协议或任何其他贷款文件有任何相反规定，实施该等符合更改的任何修订将会生效，而无须本协议或任何其他贷款文件的任何其他一方采取任何进一步行动或取得任何其他贷款文件的同意；但就已完成的任何该等修订而言，代理人应在该等修订生效后，立即将实施该等符合更改的各项修订张贴予主要借款人及贷款人。2.03信用证..(A)信用证承诺书。(I)在符合本协议所列条款和条件的情况下，(A)L信用证发行人根据第2.03节所述贷款人的协议，(1)在从结算日到信用证到期日期间的任何营业日，不时同意为贷款方(包括其任何受限制的子公司、关联公司或控股公司的名义)签发信用证；但如果该关联公司或控股公司不是贷款方，则贷款方应是贷款方的共同申请人)，并根据下文第2.03(B)节修改或延长其先前签发的信用证，以及(2)兑现信用证项下的提款；以及(B)贷款人各自同意参与为贷款方(包括其任何受限制子公司的代表)的账户签发的信用证及其下的任何提款；但在对任何信用证实施任何L/信用证展期后，(X)未偿还贷款总额不得超过贷款上限，(Y)任何贷款人的循环贷款余额总额，加上该贷款人在所有L/信用证债务余额中的适用百分比，加上该贷款人在所有循环额度贷款余额中的适用百分比，不得超过该贷款人的承诺，以及(Z)L/信用证债务的未偿还金额不得超过信用证再融资。牵头借款人提出的开立或修改信用证的每一项请求，应视为借款人对所要求的L信用证延期符合前一句但书中规定的条件的陈述。在上述限制范围内，在本协议条款和条件的约束下，借款人获得信用证的能力应完全循环，因此在上述期间，借款人可以获得信用证，以取代已过期或已被提取并偿还的信用证。任何信用证的任何部分都不应由ERISA第3(42)条所指的“计划资产”提供资金或持有。DB1/136748921。1136748921.3-72-(Ii)在下列情况下，L/信用证发行人不得开立任何信用证：(A)在符合第2.03(B)(Iii)款的规定的情况下，除非代理人已批准该到期日，否则该要求的备用信用证的到期日应在开具或最后延期后十二(12)个月以上；或(B)在第2.03(B)(Iii)款的规定下，除非代理人已批准该到期日，否则该要求的商业信用证的到期日应在开具之日后180天以上；或(C)所要求的信用证的到期日将在信用证到期日之后，除非该信用证是在该信用证签发之日(或代理人可能同意的较晚日期)或之前以现金抵押的，或代理人已批准该到期日；或(D)任何政府当局或仲裁员的任何命令、判决或法令，其条款应旨在禁止或约束L信用证发行人开具该信用证，或任何适用于L信用证发行人的法律或对L信用证发行人具有管辖权的政府当局的任何请求或指令(不论是否具有法律效力)应禁止或要求L信用证发行人不开立信用证或特别是此类信用证，或应就该信用证对L信用证出票人施加任何限制，准备金或资本要求(L/信用证出票人不因此而获得其他补偿)在结算日不生效，或对L/信用证出票人施加在结算日不适用且L/信用证出票人善意地认为对其重要的任何未偿还的损失、成本或费用；或(E)开出此类信用证将违反L/信用证发票人适用于一般信用证的一项或多项政策；或(F)除非代理人另有约定，此类信用证将以美元以外的货币计价；但如果L/信用证发行人经代理人同意，以美元以外的货币出具信用证，则借款人对该信用证项下任何提款的所有偿付均应以该信用证计价的货币支付；或(G)该信用证包含在任何提款后自动恢复所述金额的任何条款；或(H)任何贷款人当时是违约贷款人，除非L/信用证发行人已与借款人或该贷款人达成安排，包括交付令L/信用证发行人满意的现金抵押品(凭其全权酌情决定权)，以消除L/信用证发行人的实际或潜在的提前付款风险(在第2款生效后)。16(A)(Iv)对于违约贷款人，其责任产生于(I)当时建议开具的信用证，或(Ii)L信用证发行人有实际或潜在风险的该等信用证和所有其他L/信用证义务，由其自行决定。(3)如果在本信用证条款下，当时不允许L/信用证签发人以其修改后的形式开具信用证，或者如果该信用证的受益人不接受对该信用证的拟议修改，则该开证人不得修改该信用证。
DB1/136748921.1136748921.3-73-(Iv)L信用证发行人应就其出具的任何信用证及其相关单据代表贷款人行事，L/信用证的发票人应享有条款第九条中规定给代理人的所有利益和豁免权(A)L信用证的发票人就其签发或建议签发的信用证所采取的任何行为或遭受的任何不作为，以及与该信用证有关的发卡人文件，完全如同第九条中使用的“代理人”一词包括L信用证的发票人就该等作为或不作为而享有的利益和豁免权一样，以及(B)本条款另外规定的关于L/信用证的发票人。(B)信用证的签发和修改程序；自动延期信用证。(I)每份信用证应应牵头借款人的要求，以信用证申请书的形式提交给L/信用证出票人(副本送交代理人)，并由牵头借款人的一名负责人适当填写和签署。信用证申请可以通过传真、美国邮寄、隔夜快递、使用L/信用证发票人提供的系统的电子传输、亲自送货或L/信用证发票人接受的任何其他方式发送。此类信用证申请必须在上午11：00之前送达L/信用证的发票人和代理人。在建议的签发日期或修改日期(视情况而定)之前至少两(2)个工作日(或代理人和L/信用证发行人在特定情况下可自行决定的其他日期和时间)。如要求开出初次信用证，该信用证申请书应在格式和细节上合理地使开证人满意：(A)所要求信用证的开证日期(应为营业日)；(B)信用证金额；(C)信用证到期日；(D)受益人的名称和地址；(E)受益人在信用证项下开具的任何单据；(F)受益人在信用证项下开具的任何证明的全文；及(G)L信用证发行人合理要求的其他事项。如要求修改任何未付信用证，该信用证申请书应在格式和细节上合理地使开证人满意：(A)需要修改的信用证；(B)建议的修改日期(应为营业日)；(C)建议的修改的性质；(D)L/C的合理要求的其他事项。此外，牵头借款人应向L信用证发放人和代理人提供L信用证发放人或代理人合理要求的与所要求的信用证开具或修改有关的其他文件和资料，包括任何出证人文件。(Ii)在不违反本合同第2.02(B)(V)节规定的情况下，在收到任何信用证申请后，L信用证发行人应立即与代理人确认(通过电话或书面)，代理人已收到牵头借款人的信用证申请书副本，如果没有，L信用证签发人将向代理人提供该信用证申请书的副本。除非在要求签发或修改适用信用证的日期前至少一个营业日，L/信用证出票人已收到任何贷款人、代理人或任何贷款方的书面通知，否则届时将不能满足第四条所载的一个或多个适用条件，或者除非L/信用证出票人不被允许或没有义务在此时根据本条款的条款(由于第2.03(A)(Ii)款的规定或其他原因)开具该信用证，则在符合本合同条款和条件的情况下，L/信用证出票人应在要求的日期：开立由适用贷款方承担的信用证或订立适用的修改，视具体情况而定，在每种情况下均应按照L信用证发行人的惯常和习惯商业惯例办理。每份信用证一经签发或修改，每一贷款人应被视为(不采取任何进一步行动)，并在此不可撤销地无条件地分别同意向L信用证的出票人购买该信用证的风险参与额，其金额等于该贷款人适用的百分比乘以该信用证规定金额的乘积。在本协议项下的承诺发生任何变化时，特此同意，对于所有L/C DB1/136748921.1136748921.3-74-义务，应自动调整本协议所创建的参与方，以反映转让方和受让方贷款人新的适用百分比。(3)如果牵头借款人在任何适用的信用证申请中提出要求，L信用证发行人可行使其唯一和绝对的酌情权，同意开立一份具有自动延期条款的备用信用证(每份信用证为“自动延期信用证”)；但任何此类自动展期信用证必须允许L/信用证发票人在每12个月期间(从该备用信用证开具之日起)至少一次，提前通知受益人，在开具该备用信用证时约定的每个该12个月期间内不迟于一天(“非延期通知日期”)。除非L信用证出票人另有指示，否则主借款人不需向L信用证出票人提出延期的具体请求。一旦自动续期信用证出具，贷款人应被视为已授权(但不得要求)L/信用证发票人在任何时候允许该备用信用证延期至不迟于信用证到期日的到期日；但是，在下列情况下，L/信用证出票人不得允许任何此类延期：(A)L/信用证出票人已确定不允许或没有义务根据本合同条款(由于第2.03(A)(2)节的规定或其他原因)以修改后的格式(经延长)开立该备用信用证，或(B)在不延期通知日期前五(5)个工作日的前一天(1)收到代理人的通知(可能是电话或书面通知)，通知所需的贷款人已选择不允许延期，或(2)代理人、任何贷款人或主要借款人已发出通知(可以是电话或书面形式)，通知必须符合第4款规定的一项或多项适用条件。02不满意，并在每一种情况下指示L信用证发放人不允许这种延期。(Iv)任何L开证行(美国银行或其任何关联公司除外)应在每个营业日以书面形式将该L开证行在上一个营业日出具的所有信用证通知代理人，但条件是：(A)在代理人通知该开证行不符合第4.02款的规定之前，或(B)在上述任何一周内出具的信用证的总金额超过代理人与L开证行商定的金额，该L/信用证的出票人每周只需以书面形式将该L/信用证出票人在前一周签发的信用证以及前一周的每日未付金额以书面形式通知代理人一次，该通知应在代理人和该L/信用证出票人同意的星期内提交。L信用证发行人还将(与本信用证第一句中的通知同时)向牵头借款人和代理人交付每一份信用证或修改的真实、完整的副本。(V)在向通知行或信用证受益人交付任何信用证或对信用证的任何修改后，L信用证发行人还应立即向牵头借款人和代理人交付该信用证或修改的真实、完整的副本。(C)抽奖和补偿；为参加活动提供资金。(I)在收到任何信用证受益人关于该信用证项下提款的通知后，L信用证出票人应通知牵头借款人及其代理人。不晚于上午11点。在主借款人收到L/信用证出票人通知信用证项下提款的第一个日历日(每个该日期为“荣誉日”)时，适用的借款人应被视为已申请在该营业日发放的循环贷款，该循环贷款为基准利率贷款，金额与L/信用证出票人在信用证项下支付的金额相同，而不考虑第2.02(B)节规定的基准利率贷款本金金额的最低限额和倍数，但须受
DB1/136748921.1136748921.3-75-贷款上限未使用部分的金额和第4.02节规定的条件(交付循环贷款通知除外)。如果不能根据本合同条款进行借款，则不迟于上午11：00。在承兑汇票日期后的第一个日历日，适用的借款人应通过代理人向L/信用证出票人偿还等同于该提款金额的金额。如果借款人在此期限内仍未偿付L/信用证出票人，代理人应立即通知各贷款人兑付日期、未偿还提款的金额(“未偿还金额”)以及贷款人所适用的百分比。L/发票人或代理人根据第2.03(C)(I)条发出的任何通知，如果立即以书面形式确认，可以通过电话发出；但没有立即确认并不影响该通知的终局性或约束力。(Ii)在代理人根据第2.03(C)(I)条发出通知后，各贷款人应在不迟于下午1：00将资金提供给代理人(代理人可使用为此提供的现金抵押品)到代理人办公室的L/C出票人账户，金额相当于其未偿还金额的适用百分比。M.在代理人在该通知中指定的营业日，在符合第2.03(C)(Iii)节的规定的情况下，如此提供资金的每个贷款人应被视为已按该金额向借款人发放了一笔基本利率贷款。代理人应将收到的款项汇给L/信用证的出票人。(Iii)对于因不能满足第4.02节规定的条件或由于任何其他原因，借款人未能按照上文(C)(I)款的规定偿还L/信用证出票人而未通过基本利率循环借款获得全额再融资的任何未偿还金额，借款人应被视为已向L/信用证出票人借入未偿还或未偿还的未偿还金额，L/信用证借款应到期并应即期支付(连同利息)，并应按基本利率循环贷款的违约利率计息。在这种情况下，每一贷款人根据第2.03(C)(Ii)款为L/信用证出票人的账户向代理人付款，应被视为就其参与L/信用证借款而支付款项，并应构成该贷款人为履行本条第二款项下的参与义务而向该贷款人支付的L/信用证预付款。03.(Iv)在每一贷款人根据第2.03(C)款为其循环贷款或L信用证预付款提供资金以偿还L信用证出票人根据任何信用证提取的任何款项之前，该贷款人按该金额的适用百分比收取的利息应完全由L信用证出票人承担。(V)各贷款人有义务发放循环贷款或L信用证预付款，以偿还L信用证出票人在信用证项下开具的款项，如本第2款所述。03(C)应是绝对和无条件的，不应受到任何情况的影响，包括(A)该贷款人可能因任何理由对L/信用证出票人、任何借款人或任何其他人拥有的任何抵销、反索赔、追偿、抗辩或其他权利；(B)违约或违约事件的发生或持续，或(C)任何其他事件、事件或条件，不论是否与前述任何情况类似；但是，根据第2.03(C)节的规定，每家贷款人提供循环贷款的义务必须符合第4.02节规定的条件(牵头借款人交付循环贷款通知除外)。L信用证的这种预付款不解除或以其他方式损害借款人向L信用证出票人偿还L信用证出票人根据信用证支付的任何款项的义务，以及本信用证规定的利息。(Vi)如果任何贷款人未能在第2.03(C)(Ii)节规定的时间前，将第2.03(C)节前述条款规定由该贷款人支付的任何款项转入L/信用证出票人的代理账户，则在不限制本协议其他规定的情况下，L/信用证出票人有权向该出借人(通过代理人)追回DB1/136748921.1136748921。3-76-即期支付上述款项连同利息，自要求支付之日起至L/C出票人立即可获得此类付款之日止，年利率等于联邦基金利率和L/C出票人根据银行业同业补偿规则确定的利率，外加L/C出票人因上述规定通常收取的任何行政费、手续费或类似费用。如该贷款人支付上述款项(连同上述利息及费用)，则该款项将构成该贷款人的循环贷款，包括在有关的循环借款或L/信用证就有关的L/信用证借款(视属何情况而定)的垫款内。L开证人向任何贷款人(通过代理人)提交的关于本条第(Vi)款规定的任何欠款的证明，在没有明显错误的情况下，应是决定性的。(D)偿还参保金。(I)在L信用证出票人根据任何信用证付款并根据第2.03(C)款从任何贷款人就该项付款收到L信用证预付款后的任何时间，如果L信用证出票人或L信用证出票人账户的代理人就相关的未偿还金额或利息收到任何付款(无论是直接从借款人或其他方面，包括代理人根据第2.03(G)节向其运用现金抵押品的收益)，L信用证出票人应将其收到的任何付款分配给代理人，代理人将把其适用的百分比(如果是利息支付，则适当调整，以反映贷款人L/信用证预付款未偿还的时间段)分配给代理人，与代理人收到的款项相同。(Ii)如L/信用证的出票人或代理人根据第二节的规定以L/出票人的名义收取任何款项。03(C)(I)在第10.05节所述的任何情况下(包括根据L/信用证出票人酌情决定达成的任何和解)，各贷款人应应代理人的要求，将其适用的百分率支付给L/信用证出票人的帐户，另加从该要求之日起至该贷款人退还该金额之日的利息，年利率等于联邦基金利率和L/C出票人根据银行业同业同业补偿规则确定的利率，外加任何行政、处理、或L信用证发行人因上述规定通常收取的类似费用。贷款人在本条款项下的义务在全额偿付和本协议终止后仍然有效。(E)绝对义务。借款人对L信用证项下的每笔提款和L信用证借款的偿还义务应是绝对的、无条件的和不可撤销的，在任何情况下都应严格按照本协议的条款支付，包括：(I)该信用证、本协议或任何其他贷款单据的任何有效性或可执行性的缺失；(Ii)借款人或任何受限制附属公司可能在任何时间针对该信用证的任何受益人或任何受让人(或任何该等受益人或任何该等受让人可能代其行事的任何人)、L/信用证发行人或任何其他人在任何时间所享有的任何申索、反申索、抵销、抗辩或其他权利的存在，不论该等申索、反申索、抵销、抗辩或其他权利是否与本协议、本协议或该信用证或与之有关的任何协议或文书所拟进行的交易、或任何无关的交易有关；(Iii)根据该信用证提交的证明在任何方面或任何陈述上是伪造、欺诈、无效或不充分的任何汇票、付款要求、证书或其他文件
DB1/136748921.1136748921.3-77-在任何方面都不真实或不准确；或在根据该信用证开具汇票所需的任何单据的传输或其他方面有任何遗失或延误；(Iv)L信用证出票人放弃为保护L/信用证出票人而非保护借款人而存在的任何要求，或L/信用证出票人放弃事实上不会对借款人造成实质性损害的任何放弃；(V)任何以电子方式提交的付款要求的信用证，即使该信用证要求付款要求是汇票形式的；(Vi)在规定的到期日之后，或在该信用证规定的必须在收到单据的日期之前提交单据的日期之后，L/信用证出票人就该信用证项下的任何付款；(Vii)L/信用证出票人在提示不严格符合该信用证条款的汇票或证书时，根据该日期提交的任何付款；或L信用证发行人根据该信用证向任何声称是破产受托人、占有债务人、债权人、清算人、任何受益人或该信用证任何受让人的其他代表或继承人的任何人支付的任何款项，包括与根据任何债务人救济法进行的任何诉讼有关的任何款项；(Viii)任何其他情况或发生的任何事情，不论是否与上述任何情况相似，包括可能构成借款人或其任何受限制子公司的抗辩或解除的任何其他情况；或(Ix)任何违约或违约事件将已经发生并仍在继续的事实。牵头借款人应迅速审查每一份信用证及其提交的每一项修改的副本，如有任何不符合牵头借款人指示的索赔或其他不符合规定的情况，牵头借款人应立即通知L信用证的签发人。除非如上所述发出通知，否则借款人应被最终视为放弃了对L/信用证出票人及其代理行的任何索赔。尽管有上述规定，借款人不得因L/信用证发行人的重大疏忽、恶意或故意不当行为(由具有管辖权的法院作出的不可上诉的终局判决所确定)而主张对借款人所受损害的任何索赔。(F)L/发卡人的角色。每一贷款人和借款人都同意，在支付信用证项下的任何提款时，L信用证的出票人没有责任获得任何单据(信用证明确要求的任何即期汇票、证书和单据除外)，也没有责任确定或查询任何此类单据的有效性或准确性，或签署或交付任何此类单据的人的授权。对于下列情况，L/信用证的出票人、代理人、各自的任何关联方或任何往来人、参与者或受让人均不对任何贷款方或任何贷款人负责：(I)应所需贷款人的要求或经所需贷款人批准而采取或不采取的任何与本协议有关的行动；(Ii)在没有重大过失、不诚实信用或故意行为不当的情况下采取或不采取的任何行动；(Iii)在根据或与任何信用证有关的任何汇票、通知或其他通信的传递或交付中发生的任何错误、遗漏、中断、损失或延迟，或对技术条款的任何错误解释；与任何信用证或签发人文件有关的任何文件或文书的适当签立、效力、有效性或可执行性；或(V)任何信用证或签发人文件DB1/136748921.1136748921.3-78项下或与之相关的任何行动、疏忽或不作为--包括但不限于任何信用证的签发或修改、未能签发或修改任何信用证、或兑现或不兑现任何信用证项下的任何要求，而该等行动或疏忽或不作为将对贷款人和贷款人具有约束力；但借款人可向L/信用证的出票人索赔，而L/信用证的出票人可能对借款人承担责任，赔偿的范围但仅限于借款人遭受的任何直接损害，而非惩罚性、后果性或惩罚性的损害赔偿，而借款人证明是因L/信用证出票人的故意不当行为、不守信用或严重疏忽造成的，该损害赔偿是由具有管辖权的法院作出的不可上诉的终裁判决所确定的。借款人特此承担任何受益人或受让人因其使用任何信用证而产生的作为或不作为的所有风险；但这一假设不打算也不排除借款人在法律或任何其他协议下对受益人或受让人可能享有的权利和补救。对于第2.03(E)节第(I)至(Ix)款所述的任何事项，L/信用证的发行人、代理人、他们各自的任何关联方以及L/信用证的任何通信人、参与者或受让人均不承担任何责任。然而，尽管该条款中有任何相反的规定，借款人可以向L/信用证出票人索赔，而L/信用证的出票人可能对借款人承担任何直接的、而不是后果性的或惩罚性的损害赔偿责任，而借款人证明该损害是由L/信用证出票人故意的不当行为、不诚实信用、或重大疏忽或L/信用证发票人在受益人(S)严格遵守信用证的条款和条件向其出示即期汇票和证书后故意不付款，在每种情况下，均由具有管辖权的法院作出的不可上诉的最终判决所确定。为进一步但不限于前述规定，L信用证发票人可以接受表面上看是正确的单据，不承担进一步调查的责任，而不考虑任何相反的通知或信息(或者，如果这些单据不严格符合信用证的条款，并且可以无视信用证中关于以特定方式发出退票通知的任何要求，以及必须在特定地点或一天中的特定时间提示的任何要求)，L信用证发票人可以拒绝接受并拒绝对此类单据付款。对于转让或转让或看来转让或转让信用证下的权利或利益或其全部或部分收益的任何票据的有效性或充分性，如该票据可能因任何原因被证明是无效或无效的，L信用证出票人不承担任何责任。对于任何信用证的措辞(包括但不限于任何提款条件或任何无效的、含糊的、不一致的、过于复杂的或合理地不可能满足的条款或条件)，即使L信用证发行人在起草或推荐任何信用证申请的文本或与任何信用证有关的任何交易的结构方面向借款人提供任何帮助，开证人也不对此负责。各借款人在此承认并同意，任何此类协助不构成L/信用证发行人的法律意见或其他建议，也不构成L/信用证发行人关于任何此类措辞或信用证将生效的任何陈述或担保。在不限制前述规定的情况下，L信用证发票人可在其认为合理适当的情况下，修改或更改并在任何信用证中使用信用证申请书上所载的术语。L/信用证发行人可以通过环球银行间金融电讯协会(“SWIFT”)报文或隔夜快递，或任何其他商业上合理的与受益人沟通的方式，向受益人发送信用证或进行任何与受益人的沟通。(G)现金抵押品。根据代理人的要求，如果在信用证到期日，因任何原因仍有任何L/信用证债务未偿，借款人应在任何情况下，根据代理人和L/信用证发行人合理满意的形式和实质单据(贷款人在此同意这些文件)，迅速将所有L/信用证债务的当时未偿金额变现，金额相当于所有L/信用证债务未偿金额的103%。第2.05、2.06(B)和8.02(C)节规定了交付本协议项下现金抵押品的某些额外要求。借款人特此向代理人提供担保
DB1/136748921.1136748921.3-79--所有这类现金、存款账户和其中的所有余额以及上述所有收益的利息，以担保所有债务。此类现金抵押品应保存在美国银行冻结的无息存款账户中。如果代理人在任何时候确定作为现金抵押品持有的任何资金受制于代理人以外的任何人的任何权利或要求，或者该等资金的总额少于所有L/C债务未偿还总额的103%，则应代理人的要求，借款人将立即向代理人支付一笔相当于L/C债务未偿还总额的(X)103%的超额(Y)资金总额，作为现金抵押品存放于代理人。然后作为现金抵押品持有，代理人确定该抵押品是免费的，没有任何此类权利和索赔。在提取存款资金作为现金抵押品的任何信用证时，应在适用法律允许的范围内，将此类资金用于偿付L信用证出票人，在未如此运用的范围内，此后应以第8.03节规定的方式，用于履行其他义务。(H)因特网服务提供商和普遍定期审议协议的适用性；责任限制。除非在开立信用证时，L/信用证签发人和主要借款人另有明确约定，否则(I)国际服务提供商的规则应适用于每份备用信用证，以及(Ii)《UCP》的规则应适用于每份商业信用证。尽管有上述规定，对于任何法律、命令或惯例要求或允许适用于任何信用证或本协议的任何法律、命令或惯例，包括L/信用证发票人或受益人所在地的法律或司法管辖区的法律或任何命令、国际服务提供商或合同制信用证中所述的做法，或国际商会银行委员会的决定、意见、实务声明或官方评注中所述的做法，L/信用证出票人对借款人不负责任，L/信用证出票人针对借款人的权利和补救措施也不会因此而受到损害。金融与贸易银行家协会-国际金融服务协会(BAFT-IFSA)或国际银行法与惯例协会，无论是否有任何信用证选择此类法律或惯例。(I)信用证手续费。借款人应按照其适用的百分比向代理人支付每份信用证的信用证费用(“信用证费用”)，该费用等于适用利率乘以该信用证项下每日规定的金额(不论该最高金额是否在该信用证项下当时有效)。为了计算任何信用证项下每日可提取的金额，信用证的金额应按照第1.06节的规定确定。信用证费用应在每年1月、4月、7月和10月的第一个日历日到期并按季度支付，从信用证签发后的第一个这样的日期开始，在信用证到期日以及之后的要求日。尽管本合同有任何相反规定，但在发生任何违约事件时，在代理人或所需贷款人的要求下，所有信用证费用应按第2款规定的违约率计提。08(B)。(J)应付给L开证人的预付费及单据及手续费。借款人应就每一份信用证直接向L信用证的出票人支付一笔预付款，年利率为0.125%，按该信用证项下每日可提取的金额计算，并按季度付款。此类预付费用应于每年1月、4月、7月和10月的第一个日历日到期并支付，从信用证签发后的第一个此类日期开始，在信用证到期日以及之后的即期付款日。为了计算任何信用证项下每日可提取的金额，信用证的金额应按照第1.06节的规定确定。此外，借款人应直接向L/信用证出票人支付L/信用证出票人与信用证有关的惯例开具、提示、修改和其他手续费以及其他标准费用，并自行承担。此类惯例费用和标准成本和收费应按要求到期并支付，并且不能退还。DB1/136748921.1136748921.3-80-(K)与发行方文件冲突。如果本合同条款与任何发行人单据的条款有任何冲突，以本合同条款为准。(L)为受限子公司出具的信用证。即使本信用证项下签发或未付的信用证用于支持贷款方(或受限制附属公司)的任何义务或为其记账，借款人仍有义务向本信用证项下的L/信用证发票人偿还该信用证项下的任何及所有提款。每一借款人在此承认，为贷款方(或代表受限制子公司)的账户签发信用证对借款人有利，并且借款人的业务从该受限制子公司的业务中获得实质性利益。2.04周转额度贷款。(A)摇摆线。在符合本条款和条件的前提下，回旋贷款机构应根据本第二节所列其他贷款机构的协议。在可获得期内的任何营业日，不时向借款人发放贷款(每笔贷款，“回旋额度贷款”)，贷款总额不得超过回旋额度贷款在任何时间的未偿还金额，即使此类回旋额度贷款与作为回旋额度贷款人的贷款人的未偿还循环贷款金额和L/C债务的适用百分比合计时，可能超过该贷款人的承诺额；但在实施任何回旋额度贷款后，(I)未偿还余额总额不得超过贷款上限，(Ii)任何贷款人当时的循环贷款余额总额，加上该贷款人当时所有L/信用证债务未偿还金额的适用百分比，加上该贷款人当时在所有回旋额度贷款中未偿还金额的适用百分比，不得超过该贷款人的承诺，此外，条件是借款人不得将任何回旋额度贷款的收益用于对任何未偿还的回旋额度贷款进行再融资，此外，如回旋额度贷款人确定(该断定在无明显错误的情况下应为决定性且具约束力)，或通过该信贷展期可能有前置风险，则该回旋额度贷款人并无义务提供任何回旋额度贷款。在上述限制范围内，并受本协议其他条款和条件的约束，借款人可以根据第2.04节借款，根据第2.05节提前还款，根据本第2节再借款。04.每笔周转额度贷款只按基本利率加基本利率贷款的适用保证金计息。在发放回旋额度贷款后，每一贷款人应立即被视为并在此不可撤销地无条件地同意从回旋额度贷款人购买此类回旋额度贷款的风险参与额，其金额等于该贷款人的适用百分比乘以该回旋额度贷款的金额。本条款第九条规定的所有利益和豁免权(A)在本条款第九条中规定给代理人的任何行为或不作为方面，一如本条款第九条所使用的“代理人”包括本条款中关于该等作为或不作为的代理人一样，以及(B)与本条款另有规定的本条款中关于本条款另有规定的本条款中关于本条款中关于本条款所规定的任何行为或不作为有关的。(B)借款程序。每一笔回旋支线贷款应在牵头借款人向回旋支线贷款人和代理人发出不可撤销的通知后进行，并可通过电话发出。每份此类通知必须在下午1：00之前由Swing Line贷款人和代理人收到。并应说明(I)借款金额，最少应为100,000美元；(Ii)借款请求日期，即营业日。每份此类电话通知必须通过向回旋贷款机构和代理人交付书面回旋贷款通知的方式迅速确认，并由牵头借款人的一名负责官员适当填写和签署。在摆动线贷款人收到任何电话摆动线贷款通知后，摆动线贷款人将立即与代理商确认(通过电话或书面)，代理商也收到了此类摆动线贷款通知，如果没有，摆动线贷款人将通知代理商
DB1/136748921.1136748921.3-81--(电话或书面)其内容。除非在下午2：00之前，应所需贷款人的要求，摆动额度贷款人已收到代理人的通知(电话或书面通知)。M.于建议的回旋额度借贷当日，(A)指示回旋额度贷款人不得因第2.04(A)节第一句的但书所载限制而发放该等回旋额度贷款，或(B)当时未能满足第IV条所指明的一项或多项适用条件，则在符合本条款及条件的情况下，该回旋额度贷款人将尽其商业上合理的努力，在不迟于下午4：00前将其回旋额度贷款提供予借款人。在该周转额度贷款通知中指定的借款日期，其方式为(I)将该等资金的金额记入美国银行账簿上的牵头借款人账户贷方，或(Ii)电汇此类资金，每种情况下均按照该周转额度借款人向该周转额度贷款人提供的指示(并为该指示所合理接受)进行；但条件是，如果在提议的周转额度贷款之日，有L/信用证借款未偿还，则借款所得款项首先应用于全额偿付任何此类L/信用证借款，其次应如上所述向借款人提供。(C)周转额度贷款的再融资。(I)除第2.14条所要求的和解外，摆动额度贷款人可在任何时候以其唯一和绝对的酌情权，代表借款人(在此不可撤销地授权摆动额度贷款人代表借款人提出请求)，向每一贷款人发放一笔循环贷款，该循环贷款是一种基本利率贷款，其金额等于该贷款人当时未偿还的摆动额度贷款的适用百分比。此类申请应以书面形式提出(就本申请而言，书面请求应被视为循环贷款通知)，并符合第2.02节的要求，不考虑第2.02节规定的基本利率贷款本金的最低和倍数，但受贷款上限中未使用的部分和第4.02节规定的条件的限制。回旋贷款机构应在将适用的循环贷款通知递送给代理人后，立即向牵头借款人提供该通知的副本。每一贷款人应在不迟于下午1：00之前，向代理人提供相当于该循环贷款通知中规定金额的适用百分比的数额，作为可立即拨付给代理人办公室的周转贷款人账户的资金。根据第2.04(C)(Ii)节的规定，在该循环贷款通知规定的日期，提供资金的每一贷款人应被视为已向借款人发放了该金额的循环贷款，该循环贷款为基础利率贷款。代理人应将收到的资金汇给摆动额度贷款人。(Ii)如任何回旋贷款因任何原因不能根据第2.04(C)(I)节通过循环借款进行再融资，则由回旋贷款机构提交的循环贷款申请即为本协议所述的基本利率贷款，应被视为回旋贷款机构要求各贷款人为其在相关回旋转行贷款中的风险分担提供资金，且各贷款人根据第2.04(C)(I)节向代理支付的款项应被视为就此类参与支付款项。(Iii)如任何贷款人未能在第2.04(C)(I)节所指明的时间内，将依据本第2.04(C)节前述条文规定须由该贷款人支付的任何款项，由该代理人代为支付，则该第2.04(C)(I)节所指明的贷款人有权应要求(透过该代理人行事)向该贷款人追讨，自要求支付之日起至摇摆线贷款人立即可获得此类付款之日止的这笔款项及其利息，年利率等于联邦基金利率和摇摆线贷款人根据银行业关于银行间薪酬的规则确定的利率，外加摇摆线贷款人就上述规定通常收取的任何行政、处理或类似费用。如果该贷款人支付该金额(连同上述利息和费用)，则该金额应构成该贷款人的循环贷款，包括在相关的DB1/136748921中。1136748921.3-82-循环借款或资金参与相关的周转额度贷款(视属何情况而定)。周转额度贷款人向任何贷款人(通过代理人)提交的关于根据第(3)款所欠任何金额的证明应是决定性的，没有明显错误。(4)每个贷款人根据本第2款提供循环贷款或购买和资助风险参与周转额度贷款的义务。04(C)应是绝对和无条件的，不应受到任何情况的影响，包括(A)该贷款人可能因任何原因对摆线贷款人、借款人或任何其他人拥有的任何抵销、反索赔、追回、抗辩或其他权利，(B)违约或违约事件的发生或持续，或(C)任何其他事件、事件或条件，无论是否类似于上述任何情况；但根据第2.04(C)节的规定，每个贷款人提供循环贷款的义务须受第4.02节所述条件的约束。任何此类风险参与资金不得解除或以其他方式损害借款人偿还回旋额度贷款的义务，以及本协议规定的利息。(D)偿还参保金。(I)在任何贷款人购买并为一笔回旋额度贷款的风险参与提供资金后的任何时间，如果该回旋额度贷款人或代表该回旋额度贷款人的代理人收到关于该回旋额度贷款的任何付款，则该回旋额度贷款人将把这笔款项分配给该代理人，而该代理人应将该款项的适用百分比分配给每一位该等贷款人(如属利息支付，则适当调整以反映该贷款人参与风险的时间段)，其资金与该回旋额度贷款人所收到的资金相同。(Ii)如在第10.05节所述的任何情况下(包括依据由该可回旋贷款人酌情决定达成的任何和解协议)，该可回旋贷款人或其代理人就任何可回旋贷款的本金或利息而收取的任何付款，须由该可回旋贷款人退还，则每名贷款人须应代理人的要求，向该可回旋贷款人支付其适用的百分率，另加自该要求之日起至该款额获退还之日为止的利息，年利率等于联邦基金利率和摆动额度贷款人根据银行业关于银行间薪酬的规则确定的利率，加上摆动额度贷款人通常收取的与上述相关的任何行政、处理或类似费用。代理商将应摆动额度贷款人的要求提出此类要求。贷款人在本条款项下的义务在全额偿付和本协议终止后继续有效。(E)摆动额度贷款人账户利息。回旋贷款机构应负责向借款人开具回旋贷款利息的发票。除非贷款人根据第2.04节为其循环贷款或风险参与提供资金，以便对该贷款人适用的任何摆动额度贷款的适用百分比进行再融资，否则该适用百分比的利息应完全由该摆动额度贷款人承担。(F)直接向摆动额度贷款人付款。借款人应将有关摆动线贷款的所有本金和利息直接支付给摆动线贷款人。2.05提前还款。(A)借款人可在领头借款人向代理人发出不可撤销的通知后，随时或不时自愿预付全部或部分循环贷款，而无需
DB1/136748921.1136748921.3-83--保险费或罚金；但条件是(I)代理商必须在下午1：00之前收到通知。(A)任何提前偿还LIBOR RateTerm Sofr贷款的日期前三个营业日，及(B)提前偿还基本利率贷款之日；(Ii)任何提前偿还LIBOR RateTerm Sofr贷款的本金金额应为1,000,000美元或超过500,000美元的整数倍；及(Iii)任何基本利率贷款的预付本金金额应为500,000美元或超过100,000美元的整数倍，或在每种情况下，均应为当时未偿还的全部本金金额(如较少)。每份此类通知应注明提前还款的日期和金额，以及应提前偿还的贷款类型(S)，如果是伦敦银行同业拆借利率期限贷款，则应注明此类贷款的利息期(S)。代理人应立即通知各贷款人其已收到每一份此类通知，并告知该贷款人适用的预付款比例。如果该通知是由牵头借款人发出的，借款人应提前付款，该通知中规定的付款金额应在通知中规定的日期到期并支付。任何LIBOR RateTerm Sofr贷款的预付款应附有预付金额的所有应计利息，以及根据第3.05节要求的任何额外金额。根据第2.16节的规定，每笔此类预付款应按照贷款人各自适用的百分比应用于贷款人的贷款。(B)借款人可在领头借款人发出不可撤销的通知后(连同副本予代理)，在任何时间或不时自愿预付全部或部分回旋贷款，而无须支付溢价或罚款；但(I)该通知必须于下午1时前送达回旋贷款机构及代理。在提前还款之日，以及(Ii)任何此类提前还款的最低本金金额为100,000美元。每份此类通知应具体说明预付款的日期和金额。如果该通知是由牵头借款人发出的，借款人应提前付款，该通知中规定的付款金额应在通知中规定的日期到期并支付。(C)在任何时间，如因任何原因，未偿还债务总额超过当时有效的贷款上限，借款人应立即预付贷款及L/C的借款，并将L/C的债务(L/C借款除外)以相等于上述超额部分的总额作为现金抵押品；但是，借款人不得根据第2.05(C)节的规定将L/C的债务(L/C借款除外)变现，除非在全额预付贷款后，未偿还的债务总额超过当时有效的贷款上限。(D)(I)发生现金管理事件时，借款人应按照本合同第6.12节的规定提前偿还贷款，以及(Ii)在违约事件发生后和持续期间，或在第2.06(B)节的规定要求的范围内，借款人应将L/C的债务作为现金抵押品。(E)
已保留
。(F)根据上文第2.05(C)、(D)和(E)节支付的预付款和根据第6.12(D)(三)节规定须用于债务的代收账户中的存款资金，第一，应按比例用于L/C借款和周转额度贷款，第二，应按比例用于未偿还的循环贷款，第三，在违约事件发生后和持续期间，应用于将L/C剩余债务抵押；第四，应按比例用于随后到期和应付的其他负债；第五，在预付所有当时的L/C借款和未偿还贷款以及将剩余的L/C债务进行全额现金抵押(在本协议要求的范围内)之后的余额(如果有)应由代理人存入牵头借款人的存款账户，并可在本协议允许的范围内用于借款人的正常业务过程中。在提取任何已以现金抵押的信用证时，作为现金抵押品持有的资金应按照DB1/136748921.1136748921.3-84-偿还L/信用证发行人或贷款人(视情况而定)的规定使用(借款人或任何其他贷款方不采取任何进一步行动或发出任何通知)，并在未如此使用的范围内用于履行其他义务。(G)循环贷款的每一次预付款不得减少或终止总承付款。2.06终止或减少承付款。(A)借款人可在领头借款人向代理人发出不可撤销的通知后，终止总承诺额、信用证转账或回旋额度转账，或不时永久减少总承诺额、信用证回收额或回旋额度转账；但(I)任何此等通知须于不迟于上午11时前送达代理人。在终止或减少的日期前五个工作日，(Ii)任何该等部分减少的总金额应为5,000,000美元或超过1,000,000美元的任何整数倍，(Iii)借款人不得终止或减少总承诺额，如果在履行承诺及本协议项下的任何同时预付款后，未偿还款项总额将超过总承诺额，则借款人不得终止或减少总承付款。如果在实施任何承诺减少后，信用证升华或周转额度升华超过总承诺额，则该信用证升华或周转额度升华应自动减去超出部分的金额。如果在第2.06节项下的任何此类承诺减少或终止时有任何FILO部分未偿还，则此类减少或终止应首先按比例适用于循环贷款的非FIFO部分，除非借款人形式上遵守了付款条件，在这种情况下，此类FIFO部分可被应用于该FIFO部分(S)。(B)代理人应及时通知贷款人信用证升华、周转额度升华或本第2.06款下的总承诺额的任何终止或减少。在总承诺额减少时，每一贷款人的承诺额应按该贷款人在该减少额中的适用百分比减去。如果由于上述终止或减少，(1)本合同项下未全额现金抵押的L/C债务的未偿还金额将超过信用证转借金额，则借款人应在该项减少或终止的同时，将该超出的金额变现，(2)本合同项下的回旋额度贷款将超过回旋额度再贷款，借款人应在该项减少或终止的同时，向代理人支付相当于该超出部分的金额；(3)本合同项下的循环贷款或回转额度贷款将超过总承诺额或回旋额度再贷款(视情况而定)，借款人应在该减少或终止的同时，向代理人支付等同于上述超额金额的款项。此类削减应按比例适用于总承付款；但如果FILO付款尚未清偿，只要借款人形式上遵守了付款条件，此类扣减可首先适用于该FILO付款。2.07偿还债务。除第10.11节关于其他债务的抵押品外，借款人应在终止日向贷款人偿还该日的所有未偿债务(未主张索赔的或有赔偿索赔除外)，并应将未提取的每份信用证退还给L/信用证出票人，或将L/信用证的所有债务抵押为现金(仅限于以前未按本合同要求抵押的部分)。2.08的利息。
DB1/136748921.1136748921.3-85-(A)在符合以下第2.08(B)节的规定的情况下，(I)每笔LIBOR RateTerm Sofr贷款的未偿还本金应在每个利息期内产生利息，利率等于该利息期的LIBOR RateTerm Sofr加LIBOR RateTerm Sofr贷款的适用利润率；(Ii)每笔基本利率贷款应从适用的借款日期起就其未偿还本金产生利息，年利率等于基本利率加基本利率贷款的适用利润率；以及(Iii)每笔周转额度贷款应从适用的借款日期起对其未偿还本金产生利息，年利率等于基本利率加上基本利率贷款的适用保证金。(B)(I)(I)如果根据任何贷款文件应支付的任何金额在到期时(不考虑任何适用的宽限期)没有支付，无论是在规定的到期日、以加速方式还是以其他方式，此后该金额应在法律允许的最大程度上始终以等于违约率的年利率浮动计息。(Ii)如果任何其他违约事件已经发生并仍在继续，则代理人，(I)在只有两(2)个贷款人且存在特定违约事件的任何时间，应任何贷款人的要求(只要该贷款人在生效日期时是贷款人，并且在生效日期时的承诺不低于该贷款人的承诺)，或(Ii)在所有其他情况下，应所需贷款人的要求，应通知主要借款人，在法律允许的最大范围内，所有未偿债务(不包括其他债务)应始终以等于违约率的浮动年利率计息。(3)逾期款项的应计利息和未付利息(包括法律允许的最大限度的逾期利息)应是到期的，并应在索要时支付。(C)除第2节另有规定外。08(B)(Iii)，每笔贷款的利息应在适用于该贷款的每个利息支付日期以及本协议规定的其他时间到期并以拖欠形式支付。本协议项下的利息在判决之前和之后，以及根据任何债务救济法的任何诉讼程序开始之前和之后，应根据本协议的条款到期并支付。(D)代理人可(在与牵头借款人协商后)不时就SOFR、期限SOFR或任何后续利率做出符合要求的更改。尽管贷款文件中有任何相反的规定，但实施此类更改的任何修改均应生效，无需任何贷款文件的任何其他当事人采取进一步行动或征得其同意。代理人应在每次修改生效后立即将其张贴或提供给贷款人和借款人。2.09费用..除第2.03节第(I)款和第(J)款所述的某些费用外：(I)承诺费。借款人应按照承诺费百分比向代理人支付承诺费，承诺费百分比等于承诺费百分比乘以承诺额超过上一季度循环贷款余额和L/C债务之和的每日实际金额(可按第2.16节的规定进行调整)。前一句所述承诺费(“承诺费”)应在可获得期内的任何时候产生，包括在未满足第四条所述一项或多项条件的任何时候，并应在每年1月、4月、7月和10月的第一个历日的第一个历日(从截止日期后的第一个日历日开始)和可获得期的最后一天到期并每季度支付一次。兹DB1/136748921.1136748921.3-86-理解并同意，在计算本合同项下应支付的承诺费时，不应将周转额度贷款视为使用承诺额。(Ii)其他费用。借款人应按照《费用函》中规定的金额和时间，向《费用函》所列人员支付费用。这些费用在支付时应全额赚取，不得以任何理由退还。2.10利息和费用的计算。当基本利率由美国银行的“最优惠利率”决定时，所有基本利率贷款的利息应以365天或366天(视具体情况而定)的一年和实际经过的天数为基础进行计算。所有其他费用和利息的计算应以一年360天和实际经过的天数为基础。每笔贷款的利息应在贷款发放之日产生，而贷款或其任何部分不得在贷款支付之日产生利息，但在贷款发放当日偿还的任何贷款均须符合第2条的规定。12(A)，计息一天。代理人对本合同项下利率或费用的每一次决定都应是决定性的，并在任何情况下都具有约束力，没有明显的错误。2.11债务的证据。(A)每家贷款人的授信须由代理人在正常业务过程中保存的一个或多个账户或记录(“贷款账户”)证明。此外，每一贷款人可在该贷款人的内部记录中记录一份适当的记号，证明该贷款人每笔贷款的日期和数额、每笔此类贷款本金的支付和预付，以及每笔利息、手续费和与应付给该贷款人的债务有关的其他款项的支付。代理人和每个贷款人保存的账目或记录应是确凿的，没有贷款人向借款人提供的信贷延期金额及其利息和付款的明显错误。然而，任何未能如此记录或这样做的任何错误，不应限制或以其他方式影响借款人在本合同项下支付与债务有关的任何欠款的义务。如果任何贷款人保存的账户和记录与代理人关于该等事项的账户和记录之间有任何冲突，则代理人的账户和记录应在没有明显错误的情况下予以控制。应任何贷款人通过代理人提出的要求，借款人应签署一份票据并将其交付给该贷款人(通过代理人)，该票据除证明该等账目或记录外，还应证明该贷款人的循环贷款或周转额度贷款(如属摆动额度贷款机构)。每一贷款人可以(但没有义务)在其票据上附上附表，并在其票据上背书其贷款和付款的日期、类型(如适用)、金额和到期日。借款人在收到贷款人就该借款人的本票的遗失、被盗、销毁或毁坏而作出的誓章和弥偿后，在注销该本票时，将以该贷款人为受益人签发一张本金相同、期限相同的补发本票，以代替该本票。(B)除第2.11(A)节所述的账目和记录外，每个贷款人和代理人应按照其惯例保存账目或记录，证明贷款人购买和出售信用证和周转额度贷款的参与权。如果代理人所保存的帐户和记录与任何贷款人的帐户和记录在该等事项上有任何冲突，则代理人的帐户和记录应在没有明显错误的情况下进行控制。
DB1/136748921.1136748921.3-87-2.12一般付款；代理商的退款。(A)一般规定。借款人支付的所有款项应无条件地用于任何反索赔、抗辩、补偿或抵销。除本合同另有明文规定外，借款人在本合同项下的所有付款应在不迟于下午2点之前在代理商办公室以美元和立即可用的资金支付给代理商，付款应记入被拖欠款项的各自贷款人的账户。在本合同规定的日期。除将在结算日支付的本金(如第2.14节所规定)外，代理人将迅速将其适用的百分比(或此处规定的其他适用份额)以电汇至贷款人贷款办公室的同类资金形式分配给每一贷款人。代理商在下午2：00之后收到的所有付款。在代理人的选择下，应被视为在下一个营业日收到，任何适用的利息或费用应继续计入。如果借款人的任何付款应在营业日以外的某一天到期，则应在下一个营业日付款(支付LIBOR RateTerm Sofr贷款除外)，这种时间的延长应反映在计算利息或费用(视情况而定)中。(B)(I)由贷款人提供资金；由代理人推定。除非代理人在(A)任何LIBOR RateTerm Sofr贷款的借款建议日期(或如借入任何基本利率贷款，则在借款日期中午12：00之前)或(B)该贷款人参与信用证或周转额度贷款需获得资金的日期之前收到贷款人的通知，该贷款人将不会向代理人提供该贷款人在该借款或参与中所占的份额，代理人可假定该贷款人已根据第2.02节、第2.03节或第2节的规定在该日期提供该份额(或在借款基本利率贷款的情况下，该贷款人已按照第2.02节、第2.03节或第2节所要求的时间提供该份额)。04，并可根据该假设，向借款人、L/信用证发行人或摆动额度贷款人(视情况而定)提供相应的金额。在这种情况下，如果贷款人实际上没有将其在适用的循环借款或参与中的份额提供给代理人，则适用的贷款人和借款人各自同意应要求立即以立即可用的资金向代理人支付相应的金额，并附带利息，从借款人获得该金额之日起至(但不包括向代理人付款的日期)的每一天，在(A)如果是由该贷款人支付的款项，联邦基金利率和代理人根据银行业同业同业补偿规则确定的利率加上代理人通常就上述规定收取的任何行政手续费或类似费用，两者中以较大者为准，以及(B)如果由借款人支付，则适用于基本利率贷款的利率。如果借款人和贷款人应向代理人支付相同或重叠期间的利息，代理人应立即将借款人在该期间支付的利息金额汇给借款人。如果贷款人将其在适用的循环借款或参与贷款中的份额支付给代理人，则如此支付的金额应构成包括在该循环借款或参与该信用证或循环额度贷款的该贷款人的循环贷款。借款人的任何付款不应损害借款人对贷款人未能向代理人付款的任何索赔。(Ii)借款人付款；代理人推定。除非代理人在任何应付给贷款人或L/信用证出票人的付款日期前收到主要借款人的通知，表示借款人不会付款，否则代理人可假定借款人已根据本协议于该日期付款，并可根据该假设将到期款项分发给贷款人或L/信用证出票人(视属何情况而定)。DB1/136748921。1136748921.3-88-对于代理人在本合同项下为贷款人或L/出票人的账户支付的任何款项，代理人确定(该确定应是决定性的，无明显错误)适用以下任何一项(此类款项称为“可撤销金额”)：(1)借款人事实上没有支付此类款项；(2)代理人支付的款项超过了借款人支付的金额(无论当时是否欠款)；或(3)代理人出于任何其他原因错误地支付了此类款项；则每一贷款人或L/信用证出票人(视属何情况而定)各自同意应要求立即向代理人偿还如此分配给该贷款人或L/信用证出票人的可撤销金额，包括利息在内，自向其分配该金额之日起(包括该日)，按联邦基金利率和代理人按照银行业同业同业赔偿规则确定的利率中较大者的利率偿还给代理人。(Iii)代理人就本款(B)项下的任何欠款向任何贷款人或主要借款人发出的通知，如无明显错误，即为最终通知。(C)未能满足先例条件。如果任何贷款人向代理人提供资金，用于该贷款人根据本条第二条前述规定提供的任何贷款，而代理人因第四条所列适用信用延期的条件未得到满足或根据本条款第4.02节最后一段的规定而被免除，代理人不能向借款人提供此类资金，代理人应立即将该资金(与从该贷款人收到的资金相同)无息退还给该贷款人。(D)贷款人的几项义务。本协议项下贷款人提供循环贷款、为参与信用证和周转额度贷款提供资金以及支付本协议项下款项的义务是数项的，而不是连带的。任何贷款人未能在本协议所要求的任何日期提供任何循环贷款、为任何此类参与提供资金或支付任何款项，并不解除任何其他贷款人在该日期应履行的相应义务，任何其他贷款人不对任何其他贷款人未能如此提供循环贷款、购买其参与贷款或根据本协议付款不负责任。(E)资金来源。本条例任何条文均不得被视为责成任何贷款人以任何特定地点或方式取得任何贷款的资金，或构成任何贷款人表示其已在或将会以任何特定地点或方式取得任何贷款的资金。2.13如果任何信用方通过行使任何抵销权或反请求权或以其他方式，就任何债务的本金、利息或与任何债务有关的其他金额获得付款，而该债务的本金、利息或与任何债务有关的其他金额，导致该信用方收到的债务总额的比例大于本协议规定的比例(包括违反第8.03条规定的付款优先顺序)，则收到该较高比例的信用方应(A)将该事实通知代理人，和(B)购买(按面值现金)参与其他贷方的债务，或进行其他公平的调整，以便贷方按第8.03节规定的优先顺序按比例分享所有此类付款的利益，但条件是：(I)如果购买了任何此类参与或次级参与，并收回了由此产生的全部或任何部分付款，则应取消此类参与或次级参与，并将购买价格恢复到收回的程度，不计利息；和
DB1/136748921.1136748921.3-89-(Ii)本节的规定不得解释为适用于(X)贷款当事人依据和按照本协议的明示条款所作的任何付款(包括因违约贷款人的存在而产生的资金的运用)或在违约事件发生之前因其他债务而产生的任何付款，或(Y)贷款人因将其任何循环贷款或L/C债务或回旋贷款的参与转让或出售给任何合格的受让人或参与者而获得的任何付款，但贷款方或其任何附属公司(适用本节规定者)除外。每一贷款方均同意前述规定，并在法律允许的范围内同意，根据上述安排获得参与的任何贷款人可就此类参与完全行使贷款方的抵销权和反请求权，如同该贷款人是该贷款方的直接债权人一样。2.14贷款人之间的和解(A)每个贷款人的未偿还贷款的适用百分比(为清楚起见，包括未偿还的摆动额度贷款)的金额应每周(或由代理人酌情决定更频繁地)计算，并应根据代理人截至下午3点收到的所有贷款和偿还的贷款向上或向下调整。在代理人指定的期间结束后的第一个营业日(该日期，“结算日”)。(B)代理人应在结算日期后迅速向每一贷款人提交一份关于该期间的未偿还贷款金额(为清楚起见，包括未偿还的周转额度贷款)和该期间收到的还款金额的摘要报表。如摘要报表所示，每个贷款人(回旋额度贷款人除外)应向代理人(如下所述)转账，或代理人应向各贷款人(为清楚起见，包括回旋额度贷款人)转账所需的金额，以确保在所有此类转账生效后，回旋额度贷款余额为零，且每个贷款人发放的循环贷款金额应等于该贷款人在截至该结算日的所有未偿还循环贷款中的适用百分比。如果摘要声明要求贷款人向代理人进行转账，并且在下午1：00之前收到在工作日，此类转账应在不迟于下午3点之前以立即可用的资金进行。当天；如果在下午1：00之后收到，则不迟于下午3点。在下一个工作日。每一贷款人转移此类资金的义务是不可撤销的、无条件的，并且不向代理人求助或提供担保。如果任何贷款人没有将其转账给代理人，则该贷款人同意应要求立即向代理人支付从该日起至支付给代理人之日为止的每一天的金额及其利息，该数额等于联邦基金利率和代理人根据银行同业同业补偿规则确定的利率中的较大者，外加代理人通常就上述规定收取的任何行政、手续费或类似费用。2.15增加承诺额。(A)请求加薪。只要当时不存在违约或违约事件，在通知代理人(代理人应立即通知贷款人)后，牵头借款人可不时请求增加总承诺额(或仅在下文第2.15(F)节规定的范围内，根据构成FILO部分的新安排提供承诺额)，数额不超过(X)50,000,000美元加(Y)相等于第三修正案生效日期后总承诺额的所有永久性承诺额减少的本金加(Z)截至适用确定日期的总承诺额，截至该日借款基数超过该日承付款总额的数额；只要DB1/136748921.1136748921.3-90--(I)任何此类加价请求的最低金额应为10,000,000美元(或代理人书面同意的较小金额)，以及(Ii)主要借款人最多可提出三(3)种此类请求。在发出该通知时，牵头借款人(在与代理人协商后)应具体说明将向哪些人提出该请求的增加(如果向任何当时的贷款人提出，则应按比例向所有现有的贷款人提出该请求)以及每个该等人被要求作出回应的期限(在任何情况下不得少于自该通知送达该等人之日起的十个工作日)。由牵头借款人指定的任何人如当时不是贷款人，应经代理人、L/信用证出票人和摆动额度贷款人批准(这些批准不得被无理扣留、拖延或附加条件)。(B)选举增加。根据上文第(A)款提出加薪请求的每一人应在该期限内通知代理人，不论其是否同意提供承诺，或是否同意现有贷款人增加承诺，如果同意，则通知代理人愿意提供或增加的承诺额。任何人没有在该期限内作出答复，应被视为拒绝提供承诺，或对当时的现有贷款人而言，拒绝增加其承诺。(C)由代理人发出通知；额外的承诺贷款人。代理人应将每个人对本合同项下每项请求的答复通知牵头借款人。为实现所要求的全部增加金额，并经代理人、L/信用证发行人和摆动额度贷款人批准(不得无理扣留、延迟或附加条件)，只要根据本条款(A)款由牵头借款人指定的人拒绝设立，或拒绝就当时的现有贷款人增加其承诺，或拒绝将其承诺增加到主要借款人所要求的金额，美国银行将尽其合理努力安排其他符合资格的受让人成为本协议项下的贷款人，并发放金额等于牵头借款人要求但不被如此指定的人接受的总承诺额增加额的承诺(主要借款人也可邀请更多符合条件的受让人成为贷款人)，但条件是，未经代理人同意，任何额外承诺贷款人的承诺额在任何时候均不得低于5,000,000美元。(D)生效日期和拨款。如果根据本节增加了总承付款，代理人应与牵头借款人协商，确定生效日期(“增加生效日期”)和这种增加的最终分配。代理人应迅速通知主要借款人和新贷款人(如果有)和现有贷款人关于该项增加的最终分配和增加生效日期，并在增加生效日期(I)本协议项下的承诺总额和为所有目的而增加的承诺总额增加，和(Ii)附表2.01应被视为修改，不采取进一步行动，以反映新的和现有贷款人的修订承诺和适用百分比。(E)增加效力的条件。作为该项增加的先决条件，(I)牵头借款人应向代理人提交一份各借款方的证书，其日期为增加生效日期，由该借款方的负责人签署(A)证明并附上该借款方通过的批准或同意该项增加的决议，以及(B)就借款人而言，证明在实施该项增加之前和之后，(1)第V条和其他贷款文件中所载的陈述和担保在增加生效日期当日及截至增加生效日在所有重要方面均属真实和正确，除非此类陈述和保证(X)明确提及较早的日期，在这种情况下，它们在截至该较早日期的所有实质性方面都是真实和正确的，或者(Y)在其文本中的重要性方面是合格的，在这种情况下，它们在所有方面都是真实和正确的，并且除为本第2.15节的目的，第5.05节(A)和(B)中包含的陈述和保证应被视为分别指根据第6.01节的(A)和(B)款提供的最新陈述，以及(2)不存在或不会因此而发生违约或违约事件，(Ii)借款人、代理人和任何
DB1/136748921.1136748921.3-91-额外承诺贷款人应已按代理人合理要求的形式签署并交付贷款文件的一部分；(Iii)借款人应已向额外承诺贷款人支付主要借款人和该等额外承诺贷款人合理同意的费用和其他补偿；(Iv)借款人应已向美国银行支付主要借款人和代理人合理同意的安排费用；(V)如果代理人提出合理要求，借款人应以代理人合理满意的形式和实质，向借款人提交律师的意见，并在该日期令代理人合理满意；(Vi)借款人和额外承诺贷款人应已交付代理人可能合理要求的其他文书、文件和协议；及(Vii)不存在违约或违约事件。借款人应在增加生效日期预付任何未偿还的循环贷款(并支付根据第3款要求的任何额外金额)。05)在必要的范围内，使未偿还循环贷款按本节项下承付款的任何非应课差额增加所产生的任何经修订的适用百分率进行评等。(F)菲罗部分。本第2.15节规定的增额可采取单独的“先进、后进”或“后进”部分(“FILO部分”)的形式，包括利差、利率下限、预付费用、融资折扣和原始发行折扣，在每种情况下均有待商定(为免生疑问，在适用的借款人和提供FILO部分的贷款人之间，只要(A)FILO部分的任何贷款和相关债务不得由担保人以外的任何人担保，并且不以抵押品以外的任何资产作担保，(B)在(X)循环贷款(FILO部分除外)和(Y)FILO部分之间，根据第8条清算或以其他方式变现抵押品或运用资金所得的所有收益，则适用的借款人和提供FILO部分的贷款人之间不得对FILO部分的适用利率进行任何调整。03应首先适用于循环贷款(FILO部分除外)下的债务，其次是FILO部分；(C)借款人不得在其他贷款(包括周转额度贷款)和/或未偿还金额(除非以代理人合理满意的方式抵押或以其他方式提供的现金)尚未偿还时提前偿还FILO部分下的贷款，或终止或减少与此相关的承诺；(D)根据第2.05节对FILO部分进行的任何预付款应以形式上满足付款条件为条件；(E)所需贷款人(按FILO部分计算)应控制对抵押品的补救措施的行使；(F)未经本安排项下所需贷款人同意，不得作出影响该安排(FILO部分除外)相对于FILO部分的优先地位的任何改变，但仅影响FIFO部分的改变除外；(G)任何FILO部分的最终到期日不得发生，且任何FILO部分不得要求在到期日的最后一个到期日之前进行强制性承诺削减；和(H)除第2.15(F)节另有规定外，任何FILO部分的条款对借款人的优惠程度不得低于本条款下的条款(包括但不限于在未经代理人同意的情况下加入任何额外的金融或其他物质契约)；但该FILO部分借款基础中项目的预付款不得超过合格库存评估价值的100%和合格在途库存评估价值的100%，以及合格信用卡应收账款的100%。(G)相互抵触的规定。本节应取代第2.13或10.01节中与之相反的任何规定。2.16家违约贷款人。(一)调整。尽管本协议有任何相反规定，但如果任何贷款人成为违约贷款人，则在该贷款人不再是违约贷款人之前，在适用法律允许的范围内：DB1/136748921.1136748921。3-92-(I)豁免和修订。违约贷款人批准或不批准与本协议有关的任何修改、放弃或同意的权利应按照“所需贷款人”的定义和第10.01条的规定加以限制。(Ii)违约贷款人瀑布。代理人为违约贷款人的账户收到的任何本金、利息、手续费或其他款项(无论是自愿的还是强制性的，在到期时，根据第八条或其他规定)，或代理人根据第10.08条从违约贷款人收到的任何本金、利息、手续费或其他款项，应在代理人决定的一个或多个时间内使用：第一，用于支付违约贷款人根据本合同所欠代理人的任何金额；第二，用于按比例支付该违约贷款人根据本合同所欠L/C出票人或摆动额度贷款人的任何款项；第三，将L/C发行人对该违约贷款人的预先风险进行抵押；第四，根据主要借款人的要求(只要不存在违约或违约事件)，为该违约贷款人未能按照本协议规定为其提供资金的任何贷款提供资金，由代理人确定；第五，如果代理人和牵头借款人有此决定，应将其存入存款账户并按比例发放，以(X)满足违约贷款人对本协议项下贷款的潜在未来融资义务(包括但不限于违约贷款人未来在周转额度贷款方面的预付风险)和(Y)现金抵押L/C发行人未来对该违约贷款人在本协议下签发的未来信用证的预付风险；第六，任何贷款人、L/C出票人或摆动额度贷款人因违约贷款人违反其在本协议项下的义务而获得的任何有管辖权的法院对该违约贷款人作出的判决而应向贷款人、L/C出票人或摆动额度贷款人支付的任何款项；第七，只要不存在违约或违约事件，借款人因该违约贷款人违反本协议项下的义务而获得的对该违约贷款人的任何判决应向借款人支付的任何款项；第八，向违约贷款人或有管辖权的法院另有指示；如果(X)该付款是对违约贷款人没有为其适当份额提供全部资金的任何贷款或L/信用证借款的本金的付款，并且(Y)该等贷款或相关信用证是在第4.02节所列条件得到满足或免除时发放的，则此类付款应仅用于按比例偿还所有非违约贷款人的贷款以及L/信用证的债务，然后再用于偿还以下各项的任何贷款或L/信用证的债务：该违约贷款人直至所有贷款以及L/C债务和周转额度贷款的有资金和无资金的参与，均由贷款人根据本合同项下的承诺按比例持有，而不执行第2.16(A)(Iv)条。向违约贷款人支付或应付的任何款项、预付款或其他金额，如根据第2.16(A)(Ii)条用于(或持有)偿付违约贷款人所欠金额或用于邮寄现金抵押品，应被视为已支付给违约贷款人并由该违约贷款人转寄，且各贷款人均不可撤销地同意本协议。(Iii)某些费用。(A)任何违约贷款人在其身为违约贷款人的期间内，无权收取根据第2.09(I)条须缴付的任何费用(借款人亦无须向该违约贷款人支付任何原本须支付的费用)。
DB1/136748921.1136748921.3-93-(B)每一违约贷款人有权在该违约贷款人作为违约贷款人的任何期间获得信用证费用，但仅限于其根据第2.03(G)节为其提供现金抵押品的信用证金额的适用百分比。(C)对于第2.09(I)节规定的任何应付费用或根据上文第(A)或(B)款规定无需向任何违约贷款人支付的任何信用证费用，借款人应(X)向各非违约贷款人支付任何此类费用中原本应支付给该违约贷款人的部分，该部分原本应支付给该违约贷款人的L/信用证债务或回转额度贷款已根据下文第(Iv)款重新分配给该非违约贷款人，(Y)向L/信用证发行人和摆动额度贷款人(视适用情况而定)支付：以其他方式支付给该违约贷款人的任何此类费用的金额，以L/C发行人或摆动额度贷款人对该违约贷款人的预先风险敞口可分配的范围为限，并且(Z)无需支付任何该等费用的剩余金额。(4)重新分配适用的百分比，以减少正面接触。违约贷款人参与L/信用证债务和摆动额度贷款的全部或任何部分，应根据非违约贷款人各自适用的百分比(不考虑违约贷款人的承诺而计算)在非违约贷款人之间重新分配，但仅限于(X)第4节规定的条件。02在重新分配时得到满足(并且，除非借款人在该时间以其他方式通知代理人，否则借款人应被视为已陈述并保证在该时间满足该条件)，并且(Y)这种重新分配不会导致任何非违约贷款人的未偿还债务总额(不包括其他债务)超过该非违约贷款人的承诺。本合同项下的任何再分配均不构成放弃或免除任何一方因违约贷款人成为违约贷款人而对该违约贷款人提出的任何索赔，包括非违约贷款人因该非违约贷款人在重新分配后风险敞口增加而提出的任何索赔。(五)现金抵押品，偿还周转额度贷款。如果上述(A)(Iv)款所述的重新分配不能实现或只能部分实现，借款人应在不影响其根据本条款或适用法律享有的任何权利或补救措施的情况下，(X)首先预付等同于摆动额度贷款人的额度的摆动额度贷款；(Y)其次，根据第二节规定的程序，将L/信用证发行人的额度风险进行现金抵押。03(G)。(B)违约贷款人补救办法。如果牵头借款人和代理人(如果适用的贷款人是贷款人，则为摆动额度贷款人和L/C发行人)以书面形式同意贷款人不再是违约贷款人，代理人将通知双方当事人，自通知中规定的生效日期起，并受通知中规定的任何条件(可能包括关于任何现金抵押品的安排)的约束，该贷款人将在适用的范围内，按面值购买其他贷款人的未偿还贷款部分，或采取代理人认为必要的其他行动，使贷款人根据其适用的百分比(不执行第2.16(A)(Iv)条)按比例持有循环贷款以及信用证和周转额度贷款中的有资金和无资金的参与，届时该等贷款人将不再是违约贷款人；但在借款人为违约贷款人期间，借款人或其代表所应收取的费用或支付的款项不得追溯调整；此外，除非受影响的各方另有明确约定，否则不得更改DB1/136748921。1136748921.3-94-在本合同项下，从违约贷款人向贷款人提出的任何索赔，将构成对任何一方因该贷款人是违约贷款人而产生的索赔的放弃或免除。2.17延长到期日。(A)延长承诺期限。借款人可随时并不时要求修改全部或部分承诺额(每笔为“现有转换期”)，以延长所有或部分此类承诺额(经如此修订的任何此类承付款，称为“延期承付款”)的到期日，并规定与第2.17条相一致的其他条款；但任何时候未偿还的贷款和承诺额不得超过三(3)批。为确定任何延期承诺，牵头借款人应向代理人(代理人应向适用的现有转让款下的每一贷款人提供此类通知的副本)(每个“延期请求”)列出拟确立的延期承诺的拟议条款(应与代理人协商确定)，(X)应与根据该现有转换部分向每个贷款人提出的承诺(包括关于建议的利率和应付费用)以及根据该现有转换部分按比例向每个贷款人提供的承诺相同，以及(Y)与根据该现有转换部分作出的承诺相同，但下列情况除外：(1)延长承诺的到期日应晚于该现有转换部分的承诺的到期日，(2)《延期修正案》可规定仅适用于在《延期修正案》生效日期(紧接在确定此类延期承诺之前)最后到期日之后的任何期间的其他契诺和条款；(3)承付款项下的所有借款和根据承付款项下的还款应按比例进行(除(1)按不同利率支付延期承付款(和相关未清偿款项)的利息和费用，以及(2)在非延期承付款终止之日要求偿还的利息和费用外)；此外，条件是(A)第4节规定的借款先决条件。02应在该延期修正案的日期和就任何延期承诺发放任何贷款时得到满足，(B)在任何情况下，给定延期系列的任何延期承诺在设立时的最终到期日不得早于本协议项下任何其他承诺的最后到期日，以及(C)有关该延期修正案的所有文件应与前述一致。就本协定的所有目的而言，根据任何延期请求修订的任何延长承付款应被指定为一系列(每个，“延期系列”)延长承付款；但在适用的延期修正案规定的范围内，从现有的转折付款修订的任何延长承付款，可被指定为对该现有转折付款的任何先前确定的延长系列的增加。根据第2.17节产生的每一系列延期承诺的本金总额应为代理人合理接受的总额。(B)延期请求。牵头借款人应至少在要求现有转折部分下的贷款人作出回应的日期前六十(60)个工作日(或代理人同意的较短期限)提出适用的延期请求，并应同意代理人为实现本第2.17节的目的而制定或接受的程序(如有)。任何贷款人均无义务同意根据任何延期请求提供任何延期承诺。任何贷款人(每个贷款人，“延长贷款人”)如希望将其在受延期请求约束的现有转折部分下的全部或部分承付款修改为延期承付款，应在该延期请求中指定的日期或之前通知代理人(每个，“延期选举”)，将其选择要求的现有转账部分下的承付款金额修正为延长承付款(受代理人规定的任何最低面额要求的限制)。如果现有转账付款项下的承付款本金总额
DB1/136748921.1136748921.3-95-适用贷款人应接受相关延期请求的相关延期承诺额超过根据延期请求请求延期的承诺额，应对延期选择的承诺额进行修正，以反映延长承诺额的分配，延长承诺额应按代理人和牵头借款人商定的方式分配。(C)新的循环承诺贷款人。在借款人根据第2.17(A)节和第2.17(B)节提出任何延期请求后，如果贷款人在上文第2.17(B)节规定的期限内拒绝同意提供本金总额等于借款人在该延期请求中要求的金额的延期承诺，则借款人可以要求额外承诺贷款人在本协议项下提供延期承诺(“额外承诺”)；但该等额外承诺贷款人的该等延长承诺(I)对所有该等额外承诺贷款人的本金总额不得超过如此拒绝由现有贷款人提供的延长承诺的本金总额，以及(Ii)其条款应与适用的延期请求所指明的条款(以及现有贷款人就此作出的任何延长承诺)所适用的条款相同；此外，作为任何额外承诺贷款人任何延期承诺生效的条件，代理人、L/信用证发行人和摆动额度贷款人应已同意(此类同意不得无理拒绝)每个额外承诺贷款人，如果第10条规定需要此类同意的话。06(B)将承诺转让给该人。尽管本协议有任何相反规定，额外承诺贷款人提供的任何延期承诺应按比例分配给每个额外承诺贷款人。在每个此类额外承诺贷款人是延期修正案缔约方的延期修正案生效后，(A)根据第2.17节规定的延期修正案中规定的所有现有各类贷款人的承诺将按比例永久减少，总金额等于该等额外承诺贷款人的延长承诺的本金总额，以及(B)每个此类额外承诺贷款人的承诺将生效。额外承诺贷款人的延长承诺将被纳入为本协议项下的承诺，其方式与现有贷款人的延长承诺根据本条例第2.17节纳入的方式相同，为免生疑问，从此类延期修正案生效及生效之后的所有借款和偿还贷款，应按比例在所有类型的承诺中进行，包括此类额外承诺贷款人(基于相应类型承诺的未偿还本金金额)，但(X)每类承诺按不同利率支付利息和手续费，以及(Y)任何特定类型承诺要求在到期日偿还。根据第2.17(C)节规定的每项额外承诺生效后，(A)在生效之前所有适用的现有承诺类型的每一贷款人将被自动视为已被转让给每一额外承诺贷款人，且每一此类额外承诺贷款人将被自动且无需进一步行动被视为已承担本协议项下该贷款人在未偿还信用证和回旋额度贷款中的一部分参与，以便在每项此类被视为转让和参与的假设生效后，每种承诺的每个贷款人(包括每个此类额外承诺贷款人)在本协议项下参与信用证和(Ii)本协议项下参与周转额度贷款的百分比将等于该贷款人承诺所代表的所有类型贷款人的总承诺的百分比，以及(B)如果在生效之日有任何未偿还贷款，则此类贷款应在该额外承诺生效之日或之前从履行此类额外承诺后未偿还贷款的收益中预付。提前还款应附有预付贷款的应计利息和任何贷款人根据第3款发生的任何费用。04.代理和贷款人特此同意，本协议其他部分包含的最低借款、按比例借款和按比例支付DB1/136748921.1136748921.3-96-rata的要求不适用于根据前一句话完成的交易。(D)延展修正案。根据本协议的一项修正案(每项修正案，“延期修正案”)，借款人、代理人和每个延期贷款人以及每个额外的承诺贷款人(如有)应根据本协议作出延期承诺或额外承诺(视情况而定)，其应符合上文第2.17(A)、(B)和(C)节的规定(但不需征得任何其他贷款人的同意)。任何延期修正案的效力应取决于在延期之日满足第4款中规定的各项条件。02并在代理人合理要求的范围内，代理人收到(I)与截止日期交付的法律意见、董事会决议和高级人员证书一致的法律意见、董事会决议和高级人员证书，但因法律变更、事实变化或律师意见形式的变化而使代理人合理满意的法律意见变更除外，以及(Ii)重申协议和/或代理人可能合理要求的对担保文件的修订，以确保延长的承诺或额外承诺(视情况而定)与适用的贷款文件一起提供。代理人应立即通知各贷款人每项延期修正案的有效性。本协议双方同意，未经任何其他贷款人同意，可根据《延期修正案》对本协议和其他贷款文件进行修改，只要(但仅限于)必要的程度(但仅限于)，以(I)反映因此而产生的延长承诺或额外承诺(视情况而定)的存在和条款，(Ii)对本协议和其他贷款文件进行其他修改(未经所需贷款人同意)，以及(Iii)对本协议和其他贷款文件进行代理人和适用借款人合理认为必要或适当的其他修改，以实施本节的规定，并且所需的贷款人在此明确授权代理人订立任何此类延期修正案。(E)作为偿还贷款的待遇。就本协议而言，根据本第2.17节的任何延期进行的贷款转换不应构成自愿或强制付款或预付款。(F)相互抵触的规定。本节应取代第2.13或10.01节中与之相反的任何规定。第三条税收、收益保护和违法性；指定主要借款人3.01税。(A)免税支付；预扣义务；因纳税而支付。(I)除适用法律另有规定外，任何贷款方根据任何贷款单据承担的任何义务或因此而支付的任何款项均不得扣除或扣缴任何税款。如果任何适用法律(由代理人善意酌情决定)要求代理人或贷款方从任何此类付款中扣除或扣缴任何税款，则代理人或贷款方应有权根据以下(E)款提供的信息和文件进行此类扣除或扣缴。
DB1/136748921.1136748921.3-97-(Ii)如果《守则》以外的任何适用法律要求任何贷款方或代理人从任何付款中扣缴或扣除任何税款，则(A)该法律规定该贷款方或代理人应根据其根据以下(E)款收到的信息和文件决定扣缴或扣除的税款，(B)该贷款方或代理人应在该法律要求的范围内，将扣缴或扣除的全部金额按照该法律及时支付给有关政府当局，以及(C)如果扣除额或扣除额是由于补偿税而进行的，则适用贷款方应支付的金额应视需要增加，以便在任何必要的扣除额或所有必需的扣除额(包括适用于根据本第3.01节应支付的额外金额的扣除额)之后，适用的收款方收到的金额等于其在没有因补偿税而进行此类扣除额或扣除额的情况下收到的金额。(B)借款人支付其他税款。在不限制以上(A)项规定的情况下，借款人应根据适用法律及时向有关政府当局支付税款，或由代理人选择及时偿还其支付的任何其他税款。(C)税务赔偿。(I)贷款各方应共同和个别赔偿每一收款人，并应在提出赔偿要求后10天内就该赔偿金额全额支付任何赔偿税款(包括根据本条第3款应支付的款项所征收或主张的或可归因于该款项的赔偿税款)，并特此向每一收款人作出赔偿。01)由该收款人支付或支付，或被要求扣留或从向该收款人的付款中扣留或扣除，以及由此产生的或与此相关的任何罚款、利息和合理支出，无论该等补偿税是否由有关政府当局正确或合法地征收或主张。由贷款人或L/信用证出票人(连同一份副本给代理人)，或由代理人代表其本人或代表贷款人或L/信用证出票人向牵头借款人交付的此类付款或债务的金额的证明，在没有明显错误的情况下应是决定性的。(Ii)每名贷款人和L/C出票人应，并在此特此分别赔偿，并应在提出要求后10天内就此向其付款：(X)代理人应就该出借人或L/C出票人应承担的任何经赔偿的税款作出赔偿(但仅限于任何贷款方尚未就该等经赔偿的税款向代理人作出赔偿，且在不限制贷款各方有此义务的范围内)；。(Y)代理人及贷款各方(如适用)。赔偿因贷款人未能遵守第10.06(D)节有关备存参与者名册的规定以及(Z)代理人和贷款当事人(视情况而定)就代理人或贷款方就任何贷款文件应支付或支付的任何免税，以及因此而产生或与之有关的任何合理支出而应缴纳的任何税款，无论此类税款是否由相关政府当局正确或合法征收或主张。代理人向任何贷款人交付的关于此类付款或债务的金额的证明，在没有明显错误的情况下，应是决定性的。各贷款人和L信用证出票人授权代理人在本协议或任何其他贷款文件项下，随时抵销和使用本协议或任何其他贷款文件项下欠该贷款人或L信用证出票人的任何和所有款项。(D)付款证据。应牵头借款人或代理人(视属何情况而定)的要求，在牵头借款人或代理人向DB1/136748921缴纳任何税款后。1136748921.3-98-政府当局如第3.01节所规定，牵头借款人应向代理人或代理人(视情况而定)交付由该政府当局出具的证明该项付款的收据的正本或经认证的副本、法律要求报告该项付款的任何申报单的副本或令主要借款人或代理人合理满意的其他付款证据。(E)贷款人的地位；税务文件。(I)对于根据任何贷款文件支付的款项，有权获得免征或减免预扣税的任何贷款人，应在牵头借款人或代理人合理要求的一个或多个时间向牵头借款人和代理人交付适当填写并签署的文件，以允许在不扣缴或降低预扣费率的情况下付款。此外，如果牵头借款人或代理人提出合理要求，任何贷款人应提供适用法律规定或牵头借款人或代理人合理要求的其他文件，以使牵头借款人或代理人能够确定该贷款人是否受到备用扣缴或信息报告要求的约束。尽管前两句中有任何相反的规定，如果贷款人合理判断，填写、签立和提交此类文件(以下第3.01(E)(Ii)(A)、(Ii)(B)和(Ii)(D)节所述的文件除外)将使贷款人承担任何重大的未偿还成本或支出，或将对贷款人的法律或商业地位造成重大损害，则无需填写、签署和提交此类文件。(Ii)在不限制前述一般性的情况下，如果主要借款人是美国人，(A)任何属于美国人的贷款人应在该贷款人根据本协议成为贷款人之日或之前(此后应主要借款人或代理人的合理要求不时提出)，向主要借款人和代理人交付签署的美国国税局W-9表格正本，证明该贷款人免除美国联邦备用预扣税；(B)任何外国贷款人应在其合法有权这样做的范围内，在该外国贷款人成为本协议项下的贷款人之日或之前(并在此后应主要借款人或代理人的合理要求而不时地)，向牵头借款人和代理人交付(按受款人要求的份数)，以下列各项中的适用者为准：(I)(I)如果外国贷款人声称享有美国为当事一方的所得税条约的利益，则(X)就任何贷款文件下的利息支付而言，美国国税局表格W-8BEN或W-8BEN-E(视情况而定)的签署原件(或任何后续表格)，规定根据该税收条约的“利息”条款免除或减少美国联邦预扣税，以及(Y)对于任何贷款文件下的任何其他适用付款，根据该税收条约的“业务利润”或“其他收入”条款，规定免除或减少美国联邦预扣税；
DB1/136748921.1136748921.3-99-(Ii)(Ii)签署的国税局表格W-8ECI(或任何后续表格)的原件；(Iii)(Iii)如属根据守则第881(C)条申索证券组合权益豁免的利益的外国贷款人，(X)实质上采用附件G-1形式的证明书，表明该外地贷款人并非守则第881(C)(3)(A)条所指的“银行”、守则第881(C)(3)(B)条所指的任何借款人的“10%股东”，或守则第881(C)(3)(C)节所述的“受控外国公司”(“美国纳税证明“)和(Y)美国国税局表格W-8BEN或W-8BEN-E(或任何后续表格)的签署原件；或(IV)(如果外国贷款人不是受益人)，签署的IRS表格W-8IMY(或任何后续表格)的正本，以及IRS表格W-8ECI、IRS表格W-8BEN或W-8BEN-E(视适用情况而定)、基本上采用附件G-2或附件G-3、IRS表格W-9和/或每个受益者的其他证明文件形式的美国税务合规性证书；如果外国贷款人是合伙企业，并且该外国贷款人的一个或多个直接或间接合作伙伴要求获得投资组合利息豁免，则该外国贷款人可以提供美国主要以附件G-4的形式代表每个此类直接和间接合作伙伴出具的纳税证明；(C)(C)任何外国贷款人应在其合法有权这样做的范围内，在该外国贷款人成为本协议项下的贷款人之日或之前(此后应不时在主要借款人或代理人的合理要求下)，向牵头借款人和代理人交付已签署的原件，该正本应按适用法律规定作为申请豁免或减少美国联邦预扣税的依据而妥为填写，以及适用法律可能规定的补充文件，以允许主要借款人或代理人确定需要扣留或扣除的金额；和(D)(D)如果根据任何贷款文件向贷款人支付的款项将受美国FATCA征收的联邦预扣税，如果该贷款人未能遵守FATCA的适用报告要求(包括守则第1471(B)或1472(B)条中所载的要求，视情况而定)，该贷款人应在法律规定的一个或多个时间内，以及在牵头借款人或代理人合理要求的一个或多个时间内，向牵头借款人或代理人交付适用法律规定的文件(包括守则第1471(B)(3)(C)(I)节所规定的文件)以及牵头借款人或代理人合理要求的附加文件，以使牵头借款人和代理人履行其在FATCA项下的义务，并确定该贷款人已履行该贷款人在FATCA项下的义务或确定扣除和扣缴的金额。仅就本条款(D)而言，“FATCA”应包括在本协定日期后对FATCA所作的任何修订。(Iii)各贷款人同意，如果先前根据第3.01条交付的任何表格或证明过期、过时或在任何方面不准确，则应遵守DB1/136748921。1136748921.3-100-它应更新该表格或证明，或立即书面通知牵头借款人和代理人其法律上无法这样做。(F)减轻处罚。如果任何收件人要求根据本第3款支付任何额外的金额。01，则该受款人应尽其合理努力减轻或减少应付的额外金额，这种合理的努力可包括改变其贷款办公室的管辖范围(或借款人合理要求的任何其他措施)，如果该受款人认为这种改变或其他措施将减少任何此类额外金额(或此后可能产生的任何类似数额)，并且不会导致任何未偿还的费用或支出，或在其他方面对该受款人不利。借款人同意支付任何接受方因任何此类努力或措施而发生的一切合理费用和开支。(G)某些退款的处理。除适用法律另有规定外，代理人在任何时候均无义务为贷款人或L汇票出票人申请或以其他方式追讨，亦无义务向任何贷款人或L汇票出票人退还从该贷款人或L汇票出票人账户中预扣或扣除的任何税款(视情况而定)。如果任何受款人根据其善意行使的单独裁量权确定其已收到任何借款方赔偿的任何税款的退款，或任何贷款方根据第3.01条支付了额外金额，则其应向贷款方支付相当于该退款的金额(但仅限于贷款方根据本第3.01条就导致退款的税款支付的赔偿金或额外金额)，不包括该受款人发生的所有自付费用(包括税款)。且无利息(相关政府当局就此类退款支付的任何利息除外)，但条件是贷款方应受款人的请求，同意在受款人被要求向该政府当局偿还此类款项的情况下，向受款人偿还付给贷款方的金额(加上相关政府当局施加的任何罚款、利息或其他费用)。即使本款有任何相反规定，在任何情况下，适用的收款方都不会被要求根据本款向贷款方支付任何金额，而该金额的支付将使收款方的税后净额处于不如该收款方所处的有利地位的情况下，如果不扣除、扣留或以其他方式征收该退税，并且从未支付过与该税项有关的赔偿付款或额外金额，则该收款方的税后净额将低于该收款方。本款不得解释为要求任何收款人向任何贷款方或任何其他人提供其纳税申报表(或其认为保密的与其纳税有关的任何其他信息)。(H)FATCA。为了确定根据FATCA征收的预扣税，从本协议生效之日起及之后，借款人和代理人应将本协议视为(且贷款人在此授权代理人将其视为)不符合财政部条例1.1471-2(B)(2)(I)款所指的“祖辈债务”的资格。(I)生存。在代理人辞职或替换，或贷款人或L/信用证发行人的任何权利转让，承诺终止，以及所有其他义务的偿还、清偿或解除后，各方在本条款第3.01条项下的义务仍然有效。3.02违法性。如果任何贷款人确定法律上的任何修改使之违法，或任何政府当局声称，任何此类贷款人或其适用的贷款办公室发放、维持或资助以SOFR期限确定利率的LIBOR贷款，或根据LIBOR利率确定或收取利率，或任何
DB1/136748921.1136748921.3-101-政府当局已对贷款人在伦敦银行间市场上买卖美元或接受美元存款的权力施加实质性限制，然后，在贷款人通过代理人就此向牵头借款人发出书面通知后，(I1)该贷款人发放或继续发放LIBOR RateTerm贷款或将基本利率贷款转换为LIBOR RateTerm贷款的任何义务应被暂停，以及(Ii2)如果该通知断言该贷款人发放或维持基准利率贷款的利率是非法的，则参考基本利率Sofr部分确定的利率，在每一种情况下，代理人应在不参考基本利率的LIBOR RateTerm Sofr部分的情况下合理地确定该贷款人的基本利率贷款的利率，如有必要避免该违法行为，直到该贷款人通知代理人和主要借款人导致该决定的情况不再存在为止。在收到该通知后，(Xa)借款人应应该贷款人的要求(向代理人提供一份副本)预付或(如适用)将该贷款人的所有LIBOR RateTerm Sofr贷款转换为基本利率贷款(为避免该违法行为，该贷款人的基本利率贷款的利率应由代理人决定，而无需参考基本利率的LIBOR RateTerm Sofr部分)，或者在该利息期的最后一天，如果该贷款人可以合法地继续维持该LIBOR RateTerm Sofr贷款至该日，或立即如果该贷款人不能合法地继续维持该等LIBOR RateTerm Sofr贷款，并且(Yb)如果该通知断言该贷款人根据基本利率中的LIBOR RateTerm Sofr部分确定或收取任何基本利率贷款的利率是非法的，则在暂停期间，代理人应在不参考其LIBOR RateTerm Sofr部分的情况下计算适用于该贷款人的基本利率，直到该贷款人书面通知代理人该贷款人根据LIBOR RateTerm Sofr确定或收取利率不再违法。在任何此类预付款或转换时，借款人还应就如此预付或转换的金额支付应计利息。3.03无能力厘定利率(A)。如果就任何LIBOR RateTerm Sofr贷款或转换为或继续提供LIBOR RateTerm Sofr贷款的请求(视情况而定)，(Ia)代理人确定(A)没有向伦敦银行间欧洲美元市场的银行提供美元存款，以确定该LIBOR利率贷款的适用金额和利息期(该确定应是决定性的，如果没有明显错误)，即(I)没有根据第3条确定后续利率。03，并且第3.03(B)节规定的情况或预定的不可用日期已经发生(视情况而定)，或者(B)(十二)不存在足够和合理的手段，以其他方式就拟议的LIBOR利率期限贷款或与现有的或拟议的基本利率贷款相关的任何请求的利息期间确定LIBOR利率期限SOFR，以及(Y)第3.03(C)(I)节所述的情况不适用(在每种情况下，关于第(I)款，“受影响的贷款”)，或(Iib)代理或所需贷款人认为，由于任何原因，就建议的LIBOR利率期限SOFR贷款要求的任何利息期间的LIBOR利率期限SOFR没有充分和公平地反映该等贷款人为该等LIBOR利率贷款提供资金的成本，则代理将立即将此情况通知牵头借款人和每一名贷款人。此后，(X)贷款人发放或维持LIBOR贷款或将基本利率贷款转换为定期SOFR贷款的义务应暂停，(以受影响的LIBOR利率期限贷款或利息期间为限)，以及(Y)如果上一句中描述的关于基本利率的LIBOR利率SOFR部分的确定，应暂停使用LIBOR利率部分来确定基本利率，在每种情况下，应暂停使用LIBOR利率部分来确定基本利率，直到代理人(或，如果是第3条第(Ii)款所述的所需贷款人的决定)。03(A)，直至代理人按所需贷款人的指示撤销该通知为止。在收到该通知后，牵头借款人(I)借款人可以撤销任何未决的借用、转换或延续LIBOR Rate Term贷款的请求(以受影响的LIBOR Rate Term贷款或利息期为限)，否则，将被视为已将该DB1/136748921.1136748921.3-102号请求转换为循环借用基本利率贷款的请求，金额如下：(Ii)任何未偿还的定期SOFR贷款应在各自的利息期结束时转换为基本利率贷款。(B)即使在任何贷款文件中有任何相反的规定，如果代理人确定(该确定应是决定性的，没有明显错误)，或牵头借款人或被要求贷款人通知代理人(在被要求贷款人的情况下，包括一份牵头借款人的副本)，主要借款人或被要求贷款人(视情况而定)已确定：(I)不存在足够和合理的手段来确定期限SOFR的一个、三个和六个月的利息期，包括因为期限SOFR筛选利率不是现有的或目前公布的，并且这种情况不太可能是暂时的；或(Ii)CME或SOFR Screen Rate期限的任何后续管理人或对代理、CME或该等管理人的期限SOFR的发布具有管辖权的政府当局(在每种情况下均以此类身份行事)已发表公开声明，指明特定日期，在该日期之后，期限SOFR或期限SOFR Screen Rate的一个、三个月和六个月的利息期将或将不再可用于或将不再被用于确定美元计价银团贷款的利率，或应当或将以其他方式停止，只要在该声明发表时，在该特定日期(不再永久或无限期地提供1个月、3个月和6个月期限SOFR的利息期或期限SOFR筛选利率的最新日期，“预定不可用日期”)之后，没有令代理满意的继任者将继续提供期限SOFR的利息期；然后，在代理商确定的日期和时间(任何这样的日期，“SOFR期限更换日期”)，对于计算的利息，该日期应是在利息期限结束或相关的利息支付日期(视情况而定)，并且仅就上文第(Ii)款而言，不迟于预定的不可用日期，在本合同项下和任何其他适用的贷款文件项下，SOFR期限将被替换为每日简单SOFR加上SOFR调整，用于任何可由代理商确定的利息支付期限，在每种情况下，不对计算的利息进行任何修改，也不需要任何其他任何一方的进一步行动或同意，任何贷款文件(“后续利率”)。如果后续利率是每日简单SOFR加上SOFR调整，所有利息将按月支付。即使本协议有任何相反规定，(X)如果代理商确定每日简易SOFR在SOFR更换日期或之前不可用，或(Y)如果上述第(1)或(2)款所述类型的事件或情况已经相对于当时有效的继任者利率发生，则在每种情况下，代理商和主要借款人均可仅出于在任何利息期限、相关付息日期或利息支付期(视情况而定)结束时根据本节更换SOFR或任何当时的当前继承者利率的目的而修改本协议，替代基准利率将适当考虑在美国辛迪加和代理的类似美元银团信贷安排中该等替代基准的任何发展中或随后的现有惯例，在每种情况下，包括对该基准的任何数学或其他调整，并适当考虑在美国辛迪加和代理的类似美元计价信贷安排中该等基准的任何演变或随后的现有惯例，该调整或用于计算该调整的方法应在代理不时选择的信息服务上公布，并可根据其酌情决定权定期更新。为免生疑问，任何该等建议税率及调整均构成后续税率。任何这样的
DB1/136748921.1136748921.3-103-修正案将于下午5点生效。在代理人向所有贷款人和主要借款人张贴建议的修改后的第五个工作日，除非在此之前要求贷款人向代理人提交书面通知，要求贷款人反对修改。(B)尽管有上述规定，如果代理人已作出第3.03(A)节第(I)款所述的决定，代理人在与牵头借款人和所需贷款人协商后，可为受影响贷款制定替代利率，在这种情况下，该替代利率应适用于受影响贷款，直至(I)代理人撤销根据第3.03(A)节第一句第(I)款就受影响贷款交付的通知，(Ii)代理人或被要求的贷款人通知代理人和主要借款人，该替代利率不能充分和公平地反映该等贷款人为受影响的贷款提供资金的成本，或(Iii)任何贷款人认定任何法律规定该贷款人或其适用的放贷办公室作出以下行为是违法的，或任何政府当局认定其违法，维持或资助利率由该替代利率决定的贷款，或根据该利率确定或收取利率，或任何政府当局对该贷款人执行上述任何一项的权限施加实质性限制，并就此向代理人和主要借款人发出书面通知。(C)尽管本协议或任何其他贷款文件有任何相反规定：(I)于2021年3月5日，伦敦银行同业拆息管理人的监管机构--金融市场行为监管局(FCA)在一份公开声明中宣布，隔夜/即期美元伦敦银行同业拆借利率的期限设置将于2021年3月5日停止或失去代表性。在(A)中最早的日期，美国所有可用的男高音。S美元LIBOR已永久或无限期停止由国际银行提供，或已由FCA根据公开声明或发布不再具有代表性的信息宣布，(B)2023年6月30日，以及(C)关于SOFR早期选择加入的提前选择生效日期，如果当时的基准是LIBOR，则基准替换将在该日和所有后续设置的任何贷款文件项下就该基准的任何设置替换该基准，而无需对本协议或任何其他贷款文件的任何其他一方进行任何修改、进一步行动或同意。如果基准替换为Daily Simple SOFR，则所有利息将按月支付。(Ii)(X)在(A)发生基准转换事件或(B)代理商确定基准替换定义第(1)款下的两种替代方案均不可用时，基准替换将在下午5：00或之后就本协议项下和与任何基准设置相关的任何贷款文件中的所有目的替换当时的基准。在基准更换之日后的第五(5)个工作日，只要代理人尚未收到由所需贷款人组成的贷款人对基准更换的书面反对通知，则无需对本协议或任何其他贷款文件进行任何修改，或任何其他任何一方对本协议或任何其他贷款文件采取进一步行动或同意的情况下向贷款人发出通知(任何此类反对应是决定性的，且在没有明显错误的情况下具有约束力)；但仅在该基准转换事件发生时的当前基准不是基于SOFR的汇率的情况下，应根据基准替换定义第(1)款确定基准替换，除非代理商确定这两种替代汇率均不可用。(Y)对于其他利率的提前选择加入生效日期，基准替换将在本协议项下和任何贷款DB1/136748921.1136748921.3-104-文件项下的所有目的下，就该日该基准的任何设置和所有后续设置替换LIBOR，而无需对本协议或任何其他贷款文件的任何其他一方进行任何修订或进一步行动或同意。(3)如当时基准的管理人已永久或无限期停止提供该基准，或监管监管人已依据公开声明或发布资料宣布该基准的管理人不再能代表该基准拟衡量的相关市场和经济现实，且其代表性将不会恢复，则牵头借款人可撤销借入、转换或继续借入或转换贷款的请求，直至牵头借款人收到代理人发出的更换基准已取代该基准的通知为止，如果做不到这一点，主要借款人将被视为已将任何此类请求转换为借款或转换为基本利率贷款的请求。在前款所述期间，基准利率的构成部分不得用于基准利率的任何确定。(Iv)对于基准替换的实施和管理，代理商将有权不时进行符合更改的基准替换，并且，即使本协议或任何其他贷款文件中有任何相反规定，实施该基准替换符合更改的任何修订都将生效，而无需本协议的任何其他各方采取任何进一步行动或征得其同意。(V)代理人将立即(在一次或多次通知中)通知牵头借款人和贷款人：(A)任何基准更换的实施情况和(B)任何符合基准更换的任何基准更换的有效性。代理商根据第3.03(C)条作出的任何决定、决定或选择，包括关于期限、费率或调整的任何决定，或事件、情况或日期的发生或不发生的任何决定，以及采取或不采取任何行动的任何决定，在没有明显错误的情况下将是决定性的和具有约束力的，并且可以在没有任何其他当事人同意的情况下自行决定，除非在每个情况下，根据本第3.03(C)条明确要求的情况除外。继任率。后续利率的适用方式应与市场惯例一致；如果市场惯例对代理人来说在行政上不可行，则后续利率的适用方式应由代理人以其他方式合理确定(与牵头借款人协商)。尽管本合同另有规定，如果在任何时候，任何如此确定的后续利率都将小于零，则在贷款文件的所有目的中，后续利率都将被视为零。(Vi)在任何时候(包括在实施基准替换时)，(A)如果当时的基准是定期利率(包括期限SOFR或LIBOR)，则代理可以删除基准(包括基准替换)设置中不可用或不具代表性的任何该基准的基调，以及(B)代理可以恢复之前删除的基准(包括基准替换)设置的基调。3.04成本增加；伦敦银行同业拆借利率SOFR贷款准备金。(A)费用普遍增加。如果法律有任何变更，应：
DB1/136748921.1136748921.3-105-(I)对任何贷款人(反映在伦敦银行同业拆借利率条款中的任何准备金要求除外)或L/C发行人的资产、在其账户或为其账户的存款或为其提供或参与的存款施加、修改或视为适用的任何准备金、特别存款、强制贷款、保险费或类似要求；(Ii)要求任何收款人对其贷款、贷款本金、信用证、承诺或其他义务或其存款、准备金、其他负债或资本缴纳任何税项(不包括(A)补偿税、(B)免税定义(B)至(D)款所述税项和(C)关联所得税)；或(Iii)对任何贷款人或L/C发行人或伦敦银行间SOFR市场施加影响本协议或LIBOR Rate Term Sofr贷款或其参与的任何其他条件、成本或支出(税项除外)；上述任何一项的结果将是增加贷款人作出、转换、继续或维持任何LIBOR Rate Sofr贷款的成本(或维持其作出任何此类贷款的义务)，或增加该贷款人或L/C发行人参与、开立或维持任何信用证(或维持其参与或签发任何信用证的义务)的成本，或减少该贷款人或L/C发行人在本合同项下已收到或应收的任何款项的金额，但与本合同第3.01节所述完全受本金、利息或任何其他金额)，然后，在贷款人或L/信用证出票人的要求下，并交付第3款所规定的证书。04(C)项下，贷款当事人须向该贷款人或L/信用证出票人(视属何情况而定)支付一笔或多笔额外款项，以补偿该贷款人或L/信用证出票人(视属何情况而定)所招致的额外费用或所蒙受的减值。(B)资本要求。如果任何贷款人或L汇票出票人认定，任何影响该贷款人或L汇票出票人或该贷款人或该出票人或L汇票出票人的控股公司(如果有)的有关资本金要求的法律变更已经或将会降低该借款人或L汇票出票人的资本的回报率或该出票人或L汇票出票人的控股公司的资本或流动性(如果有的话)，则该贷款人的承诺或由：或参与该贷款人持有的信用证或周转额度贷款，或L/C发行人签发的信用证，低于该贷款人或L/C发行人或L/C发行人的控股公司如无法律上的此类改变(考虑到该贷款人或L/C发行人的政策以及该贷款人或L/C发行人的控股公司在资本充足性方面的政策)所能达到的水平，则在交付第3.04(C)节规定的证书后，贷款当事人将不时向贷款人或L/信用证发行人(视情况而定)支付额外金额，以补偿该贷款人或L/信用证发行人、该贷款人或L/信用证发行人的控股公司所遭受的任何此类减记。(C)报销证明。出借人或L/信用证发行人出具的证明，如本节(A)或(B)项所述，列明对该出借人或L/信用证发行人或其控股公司(视属何情况而定)所需的一笔或多笔赔偿金额，证明该贷款人正在向其他处境相似的借款人寻求相应的赔偿并交付给主要借款人，即为确凿无误。贷款当事人应在收到该等凭证后10天内，向该贷款人或L/信用证出票人(视属何情况而定)支付该等凭证上显示的到期金额。(D)请求的延误。任何贷款人或L/信用证出票人未按照本节前述规定要求赔偿或拖延不构成放弃该贷款人或L/信用证出票人要求赔偿的权利，但在贷款人或L/C出票人(视属何情况而定)的日期前六个月以上发生的任何增加的费用或减少的费用，贷款当事人不应被要求赔偿贷款人或L/信用证出票人，将导致费用增加或减少的法律变更以及贷款人或L信用证发行人要求赔偿的意向通知主要借款人(但如果引起费用增加或减少的法律变更具有追溯力，则上述六个月期限应延长至包括其追溯效力)。3.05赔偿损失。应任何贷款人不时提出的要求(向代理人提供一份副本)，借款人应立即赔偿该贷款人，并使该贷款人不因下列原因而蒙受损失、成本或开支：(A)任何贷款的延续、转换、付款或提前还款，而不是在该贷款的利息期最后一天以外的一天(无论是自愿的、强制的、自动的、由于加速或其他原因)；(B)借款人未能在牵头借款人通知的日期或金额预付、借入、继续或转换除基本利率贷款以外的任何贷款(原因并非该贷款人未能发放贷款)；或(C)由于牵头借款人根据第10.13条提出要求，在利息期最后一天以外的某一天转让伦敦银行同业拆借利率。包括预期利润的任何实际损失(与附带的、相应的、间接的或类似的损失相对)，以及因清算或重新使用其为维持该贷款而获得的资金或因终止获得该等资金的存款而支付的费用而产生的任何损失或合理费用。借款人还应支付贷款人就上述规定收取的任何惯例和合理的行政费用。为了计算借款人根据第3.05节向贷款人支付的金额，每一贷款人应被视为以LIBOR RateTerm Sofr为该贷款提供了资金，无论该LIBOR RateTerm Sofr是否实际上是以可比金额和在伦敦银行间SOFR市场上的其他借款提供资金的。任何贷款人的证明书，列明该贷款人根据本节有权收取的任何一笔或多笔款项，并合理详细地列明确定该等款项的方式，应交付给牵头借款人。3.06减轻义务；更换贷款人。(A)指定不同的出借办公室。如果任何出借人或L出票人根据第3.04节要求赔偿，或者借款人被要求向任何出借人、L出票人、任何参与者或任何政府当局代为出借人L出票人或任何上述参与者的账户支付任何补偿税或任何额外金额，或如果任何出借人、L出票人或任何上述参与者根据第3.02节发出通知，则该贷款人：L/信用证出票人或任何该等参与者应尽合理努力指定不同的出借机构为其在本合同项下的贷款提供资金或登记其贷款，或将其在本合同项下的权利和义务转让给其另一个办事处、分支机构或关联公司，如果该贷款人真诚地判断，L/信用证出票人或参与者(I)的指定或转让将消除或减少根据下列规定应支付的金额
DB1/136748921.1136748921.3-107-3.01或3节。04，视情况而定，或(Ii)在两种情况下，(I)不会使该贷款人、L/信用证发行人或参与者承担任何未偿还的成本或开支，且不会对该贷款人、L/信用证发行人或参与者不利。借款人在此同意支付任何贷款人、L/信用证发行人或参与者因任何此类指定或转让而发生的一切合理费用和开支。(B)更换贷款人。如果任何贷款人根据第3.04节要求赔偿，或者如果借款人根据第3.01节被要求为任何贷款人的账户向任何贷款人或任何政府当局支付任何补偿税或任何额外金额，并且在每种情况下，该贷款人拒绝或无法根据第3.06(A)节指定不同的贷款办公室，则借款人可以按照第10节的规定更换该贷款人。13.3.07生存。借款人在本条第三款项下的所有债务应在总承诺额终止、本条款项下的所有其他债务偿还和代理人辞职后继续存在。3.08指定牵头借款人为借款人的代理人；连带责任。(A)每个借款人在此不可撤销地指定并指定主要借款人作为借款人的代理人，以获得信贷延期，其收益应可供每个借款人用于本协议允许的用途。作为其代理人的已披露的委托人，每一借款人应因所作的信用扩展而对每一方负有义务，如同由适用的信用方直接向该借款人提供的一样，尽管该等信用扩展以何种方式记录在主要借款人和任何其他借款人的账簿和记录上。此外，借款人以外的每一贷款方在此不可撤销地指定并指定牵头借款方作为该借款方的代理人，在本协议和其他贷款文件下代表该借款方的所有方面。(B)每一借款人都认识到，本协议项下向其提供的信贷超出了其本身并以更优惠的条件获得，其原因之一是其与所有其他借款人一起参加了本协议所设想的信贷安排。因此，每个借款人应对所有义务承担连带责任，而不考虑任何其他贷款方在任何时候可能获得或可能针对贷方提出的任何抗辩(付款抗辩除外)、抵销或反索赔，或任何其他构成或可能被解释为构成或可能被解释为构成借款人在破产或任何其他情况下的衡平或法律责任解除的其他情况(在通知或不通知借款人或了解借款人的情况下)，而借款人的该等义务，不得以贷款人或任何其他人在任何时间针对任何借款人或针对任何其他人追求任何权利或补救为条件或条件，而该权利或补救是针对任何借款人或针对任何其他人，而该等权利或补救是对该等义务的全部或任何部分，或对该等义务的任何抵押品或担保，或对该等义务的抵押品或抵销权，负有法律责任或成为法律责任的。每个借款人在此承认，本协议是每个借款人的独立和若干义务(无论哪个借款人提交了信用延期请求)，并且可以单独对每个借款人强制执行，无论是否已针对任何其他借款人寻求强制执行本协议项下的任何权利或补救措施。每一借款人在此明确免除本协议项下向任何其他借款人提供的任何信用展期，以及该等其他贷款方在本协议项下所欠的任何金额、勤勉、提示、要求付款、拒付和所有通知，以及要求代理人、L/信用证发行人或任何贷款人用尽本协议或本协议所述任何其他协议或文书项下的任何权利、权力或补救措施，或根据本协议项下的任何其他金额的任何其他担保或担保针对任何其他贷款方提起诉讼的任何要求。DB1/136748921.1136748921.3-108-(C)牵头借款人应充当每个借款人(包括其本人，作为“借款人”)申请信贷延期的渠道。代理人或任何其他信用证方均无义务监督该等款项的运用。第四条授信延期的先决条件4.01本协定的效力条件。本协议在生效日期生效须满足下列先决条件：(A)代理商收到下列文件，每份文件应为原件、复印件或其他电子图像扫描传输(e.例如，“pdf”或“tif”(通过电子邮件)(后面紧跟原件)，除非另有说明，每一份都注明生效日期(如果是政府官员证书，则是生效日期之前的最近日期)，每一份在形式和实质上都令代理人合理满意：(I)本协议的副本，每一份都由签署贷款方的一名负责人和贷款人妥善签署，数量足够分发给代理人、每一贷款人和主要借款人；(Ii)由借款人签立的以每名要求承付人为受益人的票据(就现有信贷协议的贷款人而言，可采用经修订及重述的票据的形式)(以在生效日期或之前提出要求的任何一张或多於一张该等票据为限)；(Iii)代理人可能合理地要求的决议或其他行动证书、任职证书和/或各贷款方负责人的其他证书，以证明(A)各贷款方签订本协议的授权，以及该借款方是或将成为其中一方的其他贷款文件，以及(B)每名获授权担任与本协议有关的责任人员的身份、权限和能力，以及该贷款方是或将成为其中一方的其他贷款文件；(Iv)每一贷款方的组织文件和代理人合理要求的其他文件和证明的副本，以证明每一贷款方是正式组织或组成的，且每一贷款方是有效存在、信誉良好、有资格在其成立的司法管辖区从事业务的，但如在该司法管辖区未能取得这样的资格不能合理地预期会产生重大不利影响，则不在此限；(V)贷款当事人的律师，Kirkland&Ellis LLP对代理人可能合理要求的与借款当事人和贷款文件有关的事项的有利意见(其中应包括贷款文件的权威性、合法性、有效性、约束力和可执行性，不违反规定，抵押品上以代理人为受益人的留置权的设立和完善)；(Vi)主要借款人负责官员的证书，证明(A)第4.01和4节中规定的条件。02已获信纳；。(B)自
DB1/136748921.1136748921.3-109-2017年1月28日，未发生重大不利影响，以及(C)关于贷款方的偿付能力；(Vii)以前未交付的与现有信贷协议相关的(A)由适用的贷款方正式签署的担保文件，以及(B)证明根据担保文件质押的任何股票或票据的证书，连同未注明日期的股票权或其他空白签立的转让文件已交付代理人的证据；(Viii)所有其他贷款文件，每一份均由适用的贷款方妥为签立；(Ix)搜查结果或其他令代理人合理满意的证据(每一种情况的日期均为代理人合理满意的日期)，显示对贷款各方的资产并无留置权，但准许的产权负担及留置权除外，而该等准许的产权负担及留置权的终止声明及解除令代理人合理地满意的终止声明或其他安排已经作出，以交付该等终止陈述、解除、满意及解除；及(X)法律要求或代理人合理要求存档、登记或记录的所有统一商业法典融资声明及知识产权担保权益简明授权书(如非先前就现有信贷协议而提交、登记或记录的范围)，以设立或完善根据贷款文件设立或完善其预定优先权的留置权，且所有该等文件及文书须已如此存档、登记或记录(或作出令代理人合理满意的安排)。(B)在生效日期，可用金额不得低于40,000,000美元(C)代理人应已收到由牵头借款人的负责人签署的、注明生效日期、与截至2017年9月30日的月份有关的借款基准证书。(四)自2017年1月28日起，不发生“实质性不良影响”。(E)在生效日期或之前须向代理人支付的所有费用均已全数支付，而在生效日期或之前须向贷款人支付的所有费用亦须已全数支付。(F)借款人应在生效日期前至少一个工作日向代理人支付所有合理的、有记录的和应计的律师费用、收费和支出，并开具发票。(G)代理商和贷款人应在生效日期(或代理商书面同意的较短期限)之前至少三(3)个工作日收到监管机构根据适用的“了解您的客户”规则和条例(包括但不限于《爱国者法案》)要求的所有文件和其他信息。DB1/136748921.1136748921.3-110-在不限制第9.04节规定的一般性的情况下，为确定是否符合第4节中规定的条件。已签署本协议的每个贷款人应被视为已同意、批准或接受或满意根据本协议规定须经贷款人同意或批准、可接受或满意的每一份文件或其他事项，除非代理人在指定其反对意见的拟议生效日期之前收到该贷款人的通知。4.02所有信用延期的条件。每一贷款人兑现任何信用延期请求(只要求将循环贷款转换为其他类型的循环贷款或延续伦敦银行同业拆借利率软贷款的循环贷款通知除外)以及每一位L/信用证发行人签发每份信用证的义务均须受下列先决条件的约束：(A)第V条或任何其他贷款文件中所载或任何其他贷款文件中所载各借款方的陈述和担保，或在任何时候根据本合同或与之相关或随附提供的任何文件中所载的陈述和担保，在信用延期之日及截至该日的所有重要方面均应真实无误；除非(I)此类陈述和保证明确提及较早的日期，在这种情况下，它们在该较早日期时应为真实和正确的；(Ii)在重大程度上有限制的任何陈述和保证的情况下，其在各方面均应真实和正确；以及(Iii)为本第4款的目的。02，第5.05节(A)和(B)款中包含的陈述和保证应被视为分别指根据第6.01节(A)和(B)款提供的最新声明。(B)不存在违约或违约事件，也不会因建议的信贷延期或其收益的运用而导致违约或违约事件。(C)代理人及L/信用证发行人或摆动额度贷款人(如适用)应已收到符合本协议要求的信贷延期请求。(D)在实施要求在任何上述日期进行的信贷延期并使用其收益后，可获得性应大于零。牵头借款人提交的每一次信贷延期申请(只要求将循环贷款转换为其他类型的循环贷款或延续LIBOR RateTerm Sofr贷款的循环贷款通知除外)应被视为借款人的声明和保证，即在适用信贷延期之日并截至该日，已满足本第4.02节规定的条件。本第4.02节所列条件仅对贷方有利，但在(I)在任何时候只有两(2)个贷款人且存在特定违约事件之前，任何贷款人(只要该贷款人在生效日期时是贷款人，且在生效日期时的承诺不低于该贷款人的承诺)，或(Ii)在所有其他情况下，所需贷款人，否则指示代理人停止发放贷款和签发信用证，贷款人将为所有贷款和L/C预付款的适用比例提供资金，并在任何时候按牵头借款人的要求并经代理人同意，参与所有周转额度贷款和信用证，即使贷款方未能遵守本条第四条的规定，但任何此类贷款或信用证的出具，不应被视为任何信用方在未来任何情况下对本条第四条规定的修改或放弃，或因任何此类不遵守而放弃任何权利或信用证。
DB1/136748921.1136748921.3-111-第五条陈述和担保为促使信用证各方订立本协议，并在本协议项下发放贷款和签发信用证，每个贷款方向代理人和其他贷款方陈述和担保：5.01存在、资格和权力。每一借款方及其每一受限制附属公司(A)根据其成立、组织或成立所在司法管辖区的法律正式成立、组织或组成、有效存在并在适用情况下信誉良好，(B)具有(I)所有必要的公司或组织权力和权力，以及(Ii)(在第(I)和(Ii)款的情况下)所有必要的政府许可证、许可、授权、同意和批准，(A)拥有或租赁其资产并开展其业务，以及(B)签署、交付和履行其根据其所属的贷款文件承担的义务，及(C)已妥为符合资格，并已根据每一司法管辖区的法律获发牌，而在该等司法管辖区的财产的拥有权、租契或经营或其业务的经营需要该等资格或许可证时，该公司的法律状况良好；但在(B)(Ii)或(C)款所指的每一种情况下，在不能合理地预期不这样做会产生重大不利影响的范围内。本文件所附附表5.01规定，自第三修正案生效之日起，每一贷款方在其公司或组织的正式文件中的名称、其公司或组织的州、组织类型、由其公司或组织发布的组织编号(如果有)以及其联邦雇主识别号(如果有)。5.02授权；无违规行为。每一贷款方签署、交付和履行该人是或将成为一方的每一份贷款文件，已得到所有必要的公司或其他组织行动的正式授权，并且不会也不会(A)违反该人的任何组织文件的条款；(B)违反、终止或违反下列规定，或构成违约：(I)超过25,000,000美元的任何重大合同，或影响该人或其任何受限制附属公司财产的任何重大债务，或(Ii)任何政府当局的任何命令、强制令、令状或法令，或该人或其财产受其约束的任何仲裁裁决，但本款(B)项所指的每种情况下，任何该等冲突、违反、终止、违反、不能合理地预期违约或付款会产生实质性的不利影响；(C)导致或要求在任何贷款方的任何资产上设立任何留置权(担保文件中有利于代理人的留置权除外)；或(D)违反任何法律，除非合理地预期任何此类违规行为不会产生实质性的不利影响。5.03政府授权；其他异议。对于本协议的任何借款方或该借款方所属的任何其他贷款文件的执行、交付、履行或强制执行，不需要或要求任何政府当局或任何其他人批准、同意、豁免、授权或采取其他行动，或向任何政府当局或任何其他人发出通知或向其备案，但下列情况除外：(A)完善或维持根据担保文件设立的留置权(包括由此预期的此类留置权的优先权)；(B)已取得或已作出并具有十足效力及作用的物品，或。(C)如未能取得或作出该等物品，不能合理地预期会产生重大不良影响的物品。5.04绑定效果。本协议已由作为本协议一方的每一借款方正式签署和交付，其他每份贷款文件在交付时均已签署并交付。本协议构成，而其他每份贷款文件在交付时将构成该借款方的法律、有效和具有约束力的义务，可根据其条款对作为借款方的每一方强制执行，但须遵守适用的破产、破产、重组、暂停或DB1/136748921.1136748921.3-112-其他影响债权人权利的一般法律，并遵循衡平法的一般原则，无论是在衡平法诉讼中考虑还是在法律上考虑。5.05财务报表；无重大不利影响。(A)第6.01(A)节所述并已交付的财务报表(I)是按照在所述期间内一致适用的公认会计原则编制的，除非其中另有明确注明；及(Ii)在各重大方面公平地列示主要借款人及其附属公司截至其日期的财务状况及其在所述期间内的经营业绩，除非其中另有明确注明。(B)第6节所述的财务报表。在第(I)及(Ii)条的情况下，除第(I)及(Ii)款的情况下，在没有脚注及正常的年终审核调整及采购会计调整的规限下，主要借款方及其附属公司的财务状况及其于所涉期间的经营业绩在各重大方面均属公平。(C)自2017年1月28日以来，无论是个别事件还是总体事件或情况，都没有或可以合理地预期会产生实质性的不利影响。(D)根据第6.01(D)节迄今或以后交付的牵头借款人及其附属公司的综合预测资产负债表及其收入和现金流量表是根据编制时被认为合理的假设真诚编制的，前提是此类报表将进行正常的季度和年终调整，并且没有脚注(有一项理解，即这种预测的财务信息不被视为事实，受到重大不确定性和或有事件的影响，其中许多不是贷款当事人所能控制的，不保证将实现任何特定的预测，实际结果可能不同，这种差异可能是实质性的)。5.06诉讼。除附表5.06特别披露外，并无任何诉讼、诉讼、法律程序、索偿或争议待决，或据贷款方所知，任何贷款方或其任何受限制附属公司或其任何财产或收入，在法律、衡平法、仲裁或任何政府当局面前，或针对其任何财产或收入，有理由预期会产生重大不利影响的诉讼、诉讼、法律程序、索偿或争议。5.07财产所有权；留置权；持牌部门。(A)每一贷款方及其每一家受限制附属公司均拥有良好的记录及可出售的业权，包括(I)业权上的瑕疵或未能拥有该等业权或其他权益，而该等业权或权益不能个别或合共产生重大不利影响，或(Ii)第7.01节所准许的情况除外。(B)附表5.07(B)(1)列明贷款方及其每一受限制附属公司于第三修正案生效日期所拥有的所有房地产(不包括租约)的地址(包括街道地址、县及州)，以及截至第三修正案生效日期的任何按揭或其他留置权持有人的名单。附表5.07(B)(2)列明贷款各方所有租约的地址(包括街道地址及国家)，连同
DB1/136748921.1136748921.3-113--关于每个此类租赁的出租人的名称和地址，截至第三修正案生效日期。每份该等租约均属完全有效，贷款方并无在任何重大方面违约。(C)截至第三修正案生效日期，任何贷款方或其任何受限制附属公司均不是在贷款方商店内经营特许部门的任何许可证的一方。5.08环境合规性。(A)贷款方或其任何受限制附属公司(I)未能遵守任何环境法，或未能取得、维持或遵守任何环境法所规定的任何许可证、许可证或其他批准，(Ii)已承担任何环境责任，(Iii)已收到有关任何环境责任的任何索赔的书面通知，或(Iv)知道任何环境责任的任何合理依据，但在每种情况下，个别或整体而言，合理地预期不会产生重大不利影响者除外。(B)据贷款各方所知，除个别或整体不能合理地预期会产生重大不利影响外：(I)任何贷款方或其任何受限制附属公司现时或以前拥有或经营的财产，并无在不良贷款或中央结算系统或任何类似的外国、州或地方名单上上市或拟上市，或与任何该等财产毗邻；(Ii)在任何贷款方或其受限制附属公司目前拥有或经营的任何财产上，或据贷款各方所知，在任何贷款方或其受限制附属公司现时拥有或经营的任何财产上，或在任何贷款方或其受限制附属公司现时拥有或经营的任何财产上，没有亦从未有任何地下或地上储存罐或地面蓄水池、化粪池、坑或泻湖内处理、储存或处置危险物质；。(Iii)在任何贷款方或其受限制附属公司现时拥有或经营的任何财产上，并无石棉或含石棉物料；。以及(Iv)任何借款方或其任何受限制附属公司没有在任何贷款方或其任何受限制附属公司目前或以前拥有或经营的任何财产上释放、排放或处置危险物质。(C)借款方或其任何受限制的附属公司不承担任何借款方或其任何受限制的附属公司，亦无借款方或其任何受限制的附属公司单独或与其他潜在责任方一起，自愿或根据任何政府当局的命令或任何环境法的要求，完成与任何地点、地点或作业中的任何实际或威胁的危险物质排放、排放或处置有关的任何调查、评估或补救或反应行动，除非无法个别或整体地预期会产生实质性的不利影响；任何借款方或其任何受限制附属公司产生、使用、处理、处理或储存在任何贷款方或其任何受限制附属公司，或从任何贷款方或其任何受限制附属公司目前或以前拥有或经营的任何财产往返运输的所有危险材料，已以不合理预期会导致重大不利影响的方式处置。5.09保险。根据本合同第6.07节的要求，贷款方及其受限制子公司的财产由财务状况良好且信誉良好的保险公司承保，这些保险公司不是贷款方的关联公司。5.10税。除非贷款当事人及其受限子公司已提交所有必须提交的联邦、州及其他重大税项报税表和报告，并已支付DB1/136748921.1136748921.3-114号文件规定征收的所有联邦、州及其他重大税项、评税、手续费和其他政府手续费，或对其或其财产、收入或以其他方式到期应付的资产征收的所有重大税项、评估、手续费和其他政府手续费，但正在努力进行的适当诉讼程序真诚地对其提出异议的除外，而且已按照公认会计准则为其提取了充足的准备金。本公司并无建议对任何贷款方或任何受限制附属公司进行评税，但下列情况除外：(I)借款方或该等受限制附属公司以真诚及勤勉的适当行动积极竞投，并已根据公认会计准则为其拨备充足准备金的评税；或(Ii)合理地预期不会个别或整体产生重大不利影响的评税。5.11 ERISA合规性。(A)除非不能合理地预期会导致实质性的不利影响：(1)每个计划和多雇主计划在所有重要方面都符合ERISA、《守则》和其他联邦或州法律的适用规定，以及(2)根据《守则》第401(A)节拟成为合格计划的每个养恤金计划都得到了有利的决定，国税局发出的意见书或咨询函，大意是，此类计划的形式符合《税法》第401(A)节的规定，并且与此相关的信托基金已被国税局确定为根据《税法》第501(A)节免征联邦所得税，或者国税局目前正在处理这类信函的申请。据主要借款人所知，没有发生任何事情会阻止或导致这种合格纳税地位的丧失。(B)对于任何计划或多雇主计划，没有悬而未决的或据主要借款人所知受到威胁的索赔、诉讼或诉讼，或任何政府当局可能合理地预期会产生实质性不利影响的行动。对于任何计划或据主要借款人所知的多雇主计划，均未发生任何被禁止的交易或违反受托责任规则，而该等交易或违反规则已导致或可合理预期会产生重大不利影响。(C)除非不能合理地预期会导致重大不利影响：(1)未发生任何ERISA事件，且牵头借款人或任何ERISA关联公司均不知道可合理预期会对任何养恤金计划构成或导致ERISA事件的任何事实、事件或情况；(2)主要借款人及各ERISA关联公司已就每个养恤金计划满足《养恤金筹资规则》下的所有适用要求，且未申请或未获得豁免《养恤金筹资规则》规定的最低筹资标准；(Iii)除附表5.11(C)部分另有披露外，截至任何退休金计划的最新估值日期，融资目标达标率(如守则第430(D)(2)节所界定)为80%或更高，而主要借款人或任何雇员退休保障计划联营公司均不知道任何可合理预期会导致任何此类计划的融资目标达标率在最近估值日期跌至80%以下的事实或情况；(Iv)除支付保费外，主要借款人或任何ERISA联属公司并无向PBGC招致任何责任，亦无到期未付保费；(V)主要借款人或任何ERISA联属公司均未从事可能受ERISA第4069条或第4212(C)条约束的交易；及(Vi)计划管理人或ERISA并无终止退休金计划，且并无发生或存在可合理预期导致PBGC根据ERISA第四章提起诉讼以终止任何退休金计划的事件或情况。5.12子公司；股权。。截至第三修正案生效日期，除附表5.12(A)部分具体披露的子公司外，贷款方没有其他子公司，该附表在每一种情况下都列出了截至第三修正案生效日期的法定名称、注册或成立的管辖权以及
DB1/136748921.1136748921.3-115-每个此类子公司的授权股权。截至第三修正案生效日期，除附表5(B)部分特别披露的公司或实体外，贷款方在任何其他公司或实体中均无股权投资。12.截至第三修正案生效日期，贷款方的所有未偿还股权均已有效发行，并已全额支付和(如果适用)不可评估，并以附表5.12(C)部分规定的金额拥有，除根据证券文件设立的留置权和根据第7.01节允许的任何非自愿留置权外，没有任何留置权。附表5.12(D)部分规定，自第三修正案生效之日起，将每家附属公司指定为受限附属公司、非限制性附属公司和/或非实质性附属公司。5.13保证金规定；《投资公司法》。(A)贷款方并无主要或将会从事(主要或作为其重要活动之一)购买或携带保证金股票(由财务报告委员会发出的规则U所指)的业务，或为购买或携带保证金股票而发放信贷的业务。信贷延期所得款项不得直接或间接用于购买或持有任何保证金股票。(B)没有一个贷款方是1940年《投资公司法》规定的“投资公司”。5.14大揭露。任何贷款方或其代表向代理人或贷款人提供(以书面形式)的任何报告、财务报表、证书或其他信息，涉及本协议拟进行的交易和本协议的谈判，或根据本协议或根据任何其他贷款文件(在每种情况下，均由如此提供的其他信息修改或补充)提供的报告、财务报表、证书或其他信息，均不包含任何重大事实错误陈述，或遗漏陈述其中陈述所需的任何重大事实，根据其作出陈述的情况，在向代理人和贷款人提供该等信息之日不具有重大误导性；条件是，关于预计财务信息，贷款当事人仅表示这种信息是真诚地根据当时认为合理的假设编制的(有一项理解是，这种预计财务信息受到重大不确定性和意外情况的影响，其中许多不是借款人所能控制的，不能保证将实现任何特定的预测，实际结果可能不同，这种差异可能是实质性的)。自第三修正案生效之日起，受益人所有权证书中包含的信息(如果适用)在所有重要方面都是真实和正确的。5.15遵纪守法。每一贷款当事人及每一受限制附属公司在所有重大方面均遵守适用于其或其财产的所有法律及所有命令、令状、强制令及法令的规定，但在下列情况下除外：(A)有关法律或命令、令状、强制令或法令的要求正由勤奋进行的适当法律程序真诚地提出异议，或(B)未能个别或整体遵守该等规定，不能合理地预期会产生重大不利影响。5.16知识产权；许可证等。贷款方及其受限制子公司拥有或拥有通过一个或多个许可证使用的所有知识产权、许可证、许可和其他授权，这些知识产权、许可证、许可和其他授权对其各自企业的当前运营是合理必要的，并且据贷款方所知，除冲突外，不与任何其他人的权利冲突，无论是个别冲突还是总体冲突，都不能合理地预期会产生实质性的不利影响。据牵头借款人所知，任何借款方或任何受限制的DB1/136748921.1136748921不得使用任何标语或其他广告装置、产品、流程、方法、物质、部件或其他材料。3-116-子公司侵犯任何其他人拥有的任何权利，而这些权利无论是单独的还是合计的，都可以合理地预期会导致实质性的不利影响。任何针对任何贷款方的索赔或诉讼均未完成，或据主要借款人所知，任何此类侵权行为均未解决或受到威胁，而这些索赔或诉讼，无论是个别或整体，都有理由预期会产生重大不利影响。5.17劳工问题。没有针对任何贷款方或其任何受限子公司的罢工、停工、停工或其他实质性劳资纠纷等待进行，或据任何贷款方所知，存在可合理预期会产生实质性不利影响的书面威胁。贷款方员工的工作时间和付款在所有实质性方面都符合《公平劳动标准法》和处理此类问题的任何其他适用的联邦、州、地方或外国法律，除非任何此类违规行为不能合理地预期会产生实质性的不利影响。贷款方或其任何受限子公司均未根据《工人调整和再培训法》或类似的州法律承担任何可合理预期会产生重大不利影响的责任或义务。任何贷款方及其受限制附属公司应支付的所有款项，或任何贷款方或其任何受限附属公司因工资、员工健康和福利保险及其他福利而提出的任何有效索赔，均已按照公认会计准则作为该贷款方账面上的负债支付或适当应计。除附表5.17所述外，截至第三修正案生效日期，任何贷款方或任何受限制附属公司均不是任何集体谈判协议、管理协议、雇佣协议(仅针对担任高级行政人员或以上职位的员工)、奖金、限制性股票、股票期权或股票增值计划或协议或任何类似计划、协议或安排的一方或受其约束。截至第三修正案生效日期，没有任何诉讼程序待决，或据任何贷款方所知，有可能向国家劳资关系委员会或任何其他政府当局提起诉讼，任何贷款方或任何受限制子公司的劳工组织或员工团体也没有提出待决的承认要求。截至第三修正案生效日期，没有针对任何贷款方或任何受限制子公司的投诉、不公平劳动行为指控、申诉、仲裁、不公平雇佣行为指控或任何其他索赔或投诉待决，或(据任何贷款方所知)以书面威胁要向任何政府当局或仲裁员提出基于、产生于任何贷款方或其任何受限制子公司的任何雇员的雇用或终止雇用或终止雇用或与雇用或终止雇用有关的投诉，但此类投诉、不公平劳动行为指控、申诉、仲裁除外。不公平的雇佣行为、指控或任何其他不能合理预期会产生实质性不利影响的索赔或投诉。贷款文件预期的交易的完成不会导致任何工会根据任何贷款方或其任何受限制的子公司受约束的任何集体谈判协议的任何终止或重新谈判的权利。5.18安全文件。担保协议连同本协议或适用的担保文件要求采取的此类备案和其他行动(包括向代理人交付根据本协议规定必须交付的任何质押抵押品或适用的担保文件)，为贷方当事人的利益，在担保品(担保协议所界定的)中产生合法的、有效的、持续的和可执行的担保权益，其可执行性受制于适用的破产、破产、重组、暂停或其他一般影响债权人权利的法律，并受一般衡平法的约束。无论是在衡平法上还是在法律上被考虑。
DB1/136748921.1136748921.3-117-尽管本协议有任何规定(包括本第5.18节)或在任何其他贷款文件中有相反规定，任何贷款方均不得就以下事项作出任何陈述或担保：(A)任何外国子公司的任何股权质押或担保权益的优先权、完善性或可执行性，或任何贷款方根据外国法律对此享有的权利和救济；(B)任何担保权益的质押或设定，或完善或不完善的效果；任何质押或担保权益的优先权或可执行性，根据本协议或适用的安全文件，不要求完美或优先。5.19偿付能力。在本协议预期的交易生效后的第三修正案生效日，贷款方在合并的基础上具有偿付能力。5.20个存款账户；信用卡安排。(A)作为附表5.20(A)随附的是截至第三修正案生效日由贷款方维护的所有DDA的清单(本地门店DDA除外)，该附表包括关于每个DDA的(I)托管机构的名称和地址；(Ii)在托管机构保存的账号(S)；(Iii)托管机构的联系人；以及(Iv)每个被冻结账户银行的身份。(B)作为附表5附于本文件。20(B)是一份清单，描述了截至第三修正案生效日期，任何贷款方在处理和/或向该贷款方支付任何信用卡手续费和借记卡销售费用的收益方面的所有安排。5.21制裁问题和反腐败法。(A)任何贷款方、任何附属公司、或据贷款方所知，任何董事、高级职员、雇员、代理人、受控联属公司或代表，均不是以下任何个人或实体所拥有或控制的个人或实体：(I)目前是任何制裁对象或目标；(Ii)列入外国资产管制处特别指定国民名单、英国税务总局金融制裁目标综合名单及投资禁令名单，或由任何其他具有适用司法管辖权的制裁机关执行的任何类似受限制方名单；或(Iii)位于、组织或居住于指定司法管辖区。(B)贷款方及其子公司在开展业务时遵守了1977年美国《反海外腐败法》、英国《2010年反贿赂法》和其他适用的反腐败法律，据每个借款人所知，贷款方及其子公司在所有实质性方面都遵守了适用的反腐败法律和适用的制裁措施。5.22欧洲经济区金融机构。没有贷款方是欧洲经济区金融机构。第六条肯定契约DB1/136748921.1136748921.3-118-只要任何贷款人在本契约项下有任何承诺，则本契约项下的任何贷款或其他义务应仍未清偿或未清偿(尚未提出索赔的其他负债和或有赔偿要求除外)，或任何信用证仍未履行(除非另一份信用证以L/信用证发行人和代理人合理满意的方式全额兑现或由另一份信用证支持)，贷款各方应且应(第6.01、6节所列契约除外)。02和6.03)导致各受限子公司：6.01财务报表。以令代理人合理满意的形式和细节向代理人交付：(A)尽快，但无论如何，在牵头借款人每个财政年度结束后一百二十(120)天内，向代理人交付牵头借款人及其受限制子公司在该财政年度结束时的综合资产负债表，以及该财政年度的相关综合收益或经营报表、股东权益和现金流量表，并以比较形式列出上一财政年度的数字，所有这些都是合理详细的，并按照公认会计准则编制，经审计并附有代理人合理接受的具有国家认可地位的注册会计师事务所的报告和无保留意见，该报告和意见应按照公认的审计准则编制，不受任何“持续经营”或类似的限制或例外，或关于这种审计范围的任何限制或例外，或关于主要借款人是否有能力继续作为“持续经营”或类似的限制条件的任何解释性陈述(“重点事项”段落除外)(关于(I)任何重大债务即将到期或(Ii)任何实际或预期违反任何财务维持契约的情况除外)；(B)一旦可用，但无论如何，应在牵头借款人每个财政季度结束后四十五(45)天内(或就截至2019年5月4日的财政季度而言，在六十(60)天内)，编制牵头借款人及其受限制子公司在该财政季度结束时的综合资产负债表，以及相关的综合损益表或经营表，以及该财政季度和当时结束的主要借款人财政年度的现金流量，在每一种情况下，以比较的形式列出(A)根据第6条提交的预测中所列的这一时期的数字。第01(D)条，(B)上一财政年度的相应会计季度和(C)上一财政年度的相应部分，所有这些都是合理详细的，经牵头借款人的一名负责官员核证，根据公认会计准则公平地反映了牵头借款人及其受限制子公司截至该财政季度结束时的财务状况、经营成果和现金流量，但仅限于正常的年终审计调整、采购会计调整和没有脚注；(C)在牵头借款人每个财政季度的头两(2)个财政月结束后三十(30)天内，尽快提供牵头借款人及其受限制子公司在该财政月结束时的综合资产负债表，以及该财政月和当时结束的主要借款人的财政年度的现金流量，以及相关的综合收益表或经营表，并在每种情况下以比较形式列出(A)根据本条例第6.01(D)节提交的预测中所列期间的数字，(B)上一财政年度的相应财政月份和(C)上一财政年度的相应部分，所有这些都是合理详细的，由牵头借款人的一名负责官员核证，公平地反映了牵头借款人及其受限制子公司的财务状况、经营成果和现金流量
DB1/136748921.1136748921.3-119--根据公认会计原则，截至该财政月结束时，只需进行正常的年终审计调整、采购会计调整和没有脚注；(D)一旦可用，但无论如何不超过每个会计年度结束后六十(60)天，由主要借款人管理层以代理人合理满意的形式编制的(I)可供使用的预测，以及(Ii)控股及其受限制附属公司的综合资产负债表、损益表或业务表和现金流动表，其中每一项均按月提供紧接下一财政年度的上述各项，并在每种情况下预测，应真诚地根据编制这种预测时认为合理的假设编制这种预测(有一项理解，即任何这种预测不应被视为事实，受到重大不确定性和意外情况的影响，其中许多不是贷款所能控制的，不能保证任何特定的预测将会实现，实际结果可能不同，这种差异可能是实质性的)。(E)尽管有上述规定，通过提供(A)任何母公司的适用财务报表或(B)向美国证券交易委员会提交的主借款人或母公司的10-K或10-Q表格(视适用情况而定)，可就主借款人及其受限制子公司的财务信息履行第6.01(A)至6.01(C)节所指的义务(向美国证券交易委员会公开提交该报告应构成根据本第6.01节的交付)；但就前述第(A)及(B)款中的每一项而言，(1)在该等资料与牵头借款人的母公司有关的范围内，只要该母公司将拥有独立的资产或业务，该等资料须附有综合资料，而该综合资料须合理详细地解释一方面有关该母公司及其独立资产或营运的资料与有关该牵头借款人的综合受限制附属公司的独立资料之间的差异，另一方面和(2)在此类信息取代第6.01(A)节规定提供的信息的范围内(不言而喻，此类信息可由牵头借款人选择进行审计)，此类材料附有代理人合理接受的具有国家认可地位的注册会计师事务所的报告和意见，该报告和意见应按照普遍接受的审计准则编制，不应受到任何“持续经营”或类似的限制或例外情况或关于该审计范围的任何限制或例外情况的限制或例外，也不受关于主要借款人作为“持续经营的公司”或类似条件继续存在的能力的任何解释性陈述(“重点事项”段落除外)的限制(关于(I)任何重大债务即将到期或(Ii)任何实际或预期违反任何财务维持契约的解释除外)。6.02证书；其他信息。以代理人满意的形式和细节交付代理人：(A)[保留区](B)在交付第6.01(A)和(B)节所述财务报表的同时，(1)由牵头借款人的一名负责官员签署的一份填妥的合规证书，(2)如果在编制该等财务报表时使用的公认会计原则发生任何变化，牵头借款人还应提供一份与该财务报表相符的对账报表，以及(3)管理层对该等财务报表的讨论和分析的副本；DB1/136748921.1136748921.3-120-(C)在每个财政月的第二十(20)天(或，如果该日不是营业日，则在下一个营业日)，一份借款基础证书，显示截至上一个财政月最后一天的借款基础和可获得性，每份借款基础证书须由牵头借款人的负责官员核证为完整和正确；但在不限制本条款(C)最后一条但书规定的代理人权利的情况下，在加速借款基础交付事件已经发生并仍在继续的任何时间，该借款基础凭证应在每周的星期三(如果星期三不是营业日，则在下一个营业日)交付，截止日期为紧接的前一个星期六的营业结束；(D)
保留区
保留区
(F)本合同附表6.02所述的财务和抵押品报告，按该附表规定的时间提交；(G)
保留区
(H)在代理人提出要求后，立即提供所有证明重大债务的重要合同和文件的副本；(I)任何借款方或其任何受限制的子公司在收到后五(5)个工作日内，迅速提供从任何政府当局收到的关于该政府当局对任何借款方或其受限制的子公司的财务或其他业务结果的任何诉讼、调查或可能进行的调查或其他询问的每一份通知或其他函件的副本；或任何其他事项的副本，如果作出不利决定，可能会产生实质性的不利影响；及(J)按代理人或任何贷款人不时合理要求，迅速提供有关任何贷款方或任何受限制附属公司的业务、财务状况或营运，或遵守贷款文件条款的补充资料。根据第6.01(A)、(B)或(C)节或第6.02(D)节要求交付的文件可以电子方式交付，如果这样交付，应被视为已在下列日期交付：(I)牵头借款人在互联网上的网站上按附表10.02所列网址张贴此类文件或提供指向该文件的链接；或(2)将这些文件张贴在每一贷款人和代理人均可进入的因特网或内联网网站(无论是商业网站、第三方网站还是由代理人赞助)上；但主要借款人应将张贴任何此类文件一事通知代理人(通过传真机或电子邮件)，并以电子邮件向代理人提供此类文件的电子版(即软拷贝)。代理人没有义务要求交付或维护上述单据的副本，在任何情况下也没有责任监督贷款各方遵守任何此类交付请求，每个贷款人应单独负责请求交付或维护其此类单据的副本。贷款当事人特此确认：(A)代理人将通过将借款人材料张贴在债务域名、内部链接、
DB1/136748921.1136748921.3-121-Syndtrak或其他类似的电子系统(“平台”)和(B)某些出借人可能是“公共”出借人(即不希望收到关于贷款方或其证券的重大非公开信息的出借人)(每个出借人都是“公共出借人”)。贷款各方特此同意，他们将尽商业上合理的努力，以确定可能分发给公共贷款人的那部分借款人材料，并且(W)所有此类借款人材料应清楚而显眼地标记为“公共”，这至少意味着“公共”一词应出现在其第一页的显著位置；(X)将借款人材料标记为“公开”后，贷款方应被视为已授权代理人、L/C发行人和贷款人根据美国联邦和州证券法，将该等借款人材料视为不包含关于贷款方或其证券的任何重大非公开信息(尽管它可能是敏感和专有的)(但前提是，就该等借款人材料构成信息而言，它们应被视为按照第10.07节的规定处理)；(Y)允许通过平台指定为“公共投资者”的部分提供标记为“公共”的所有借款人材料；以及(Z)代理商有权将任何未标记为“公共”的借款人材料视为仅适合在平台未指定为“公共投资者”的部分上张贴。及时通知代理人：(A)发生任何违约或违约事件(包括但不限于任何借款方或其任何受限制子公司的任何违约或不履行，或任何与借款方或其任何受限制子公司的重大债务有关的违约，只要该违约或不履行导致本合同项下的违约或违约事件)；(B)已导致或可合理预期会导致重大不利影响的任何事项；(C)任何借款方或其受限制子公司与任何政府当局之间的任何纠纷、诉讼、调查、法律程序或暂停；或影响任何贷款方或其任何受限制附属公司的任何诉讼或程序的开始，或其中的任何实质性发展，包括根据任何适用的环境法，在每一种情况下，已导致或可合理地预期会导致重大不利影响的每一情况；(D)发生可合理预期会导致重大不利影响的任何ERISA事件；
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(F)任何贷款方未能按适用租约的要求并在适用租约要求的情况下支付租金，且可合理地预期该等不能支付租金会导致重大不利影响。根据本节规定发出的每份通知应附有牵头借款人的一名负责人的声明，说明其中所指事件的细节，并说明牵头借款人已就此采取或拟采取的行动。根据第6.03(A)节规定的每份通知应合理详细地描述本协议的条款和任何其他已被违反的贷款文件。6.04偿还债务。应及时支付、解除或以其他方式清偿其就向其或DB1/136748921.1136748921.3-122-其收入或利润或其财产征收的税款的所有义务和负债，但在以下情况下除外：(1)本着善意并通过已根据公认会计准则为其建立适当准备金的适当行动对任何该等税款提出异议，或(2)不支付或解除该等税款不会合理地个别或整体地产生重大不利影响。6.05保留存在等(A)(A)根据其组织或组成的司法管辖区的法律，维持、更新和维持其合法存在和良好信誉(I)除非在第7.04或7.05节允许的交易中，或(Ii)除非(关于维护主要借款人的合法存在除外)不能合理地预期不会产生实质性不利影响；(B)采取一切合理行动，以维护其正常经营业务所必需或适宜的所有权利、特权、许可、许可证和特许经营权，除非在第7.04或7.05节所允许的交易中，以及在不能合理预期不会产生实质性不利影响的范围内；以及(C)保全或更新其所有知识产权，但以下情况除外：(I)此类知识产权不再用于贷款方的业务，(Ii)根据第7.04或7.05节所允许的交易，或(Iii)不能合理地预期不会产生重大不利影响。6.06物业的保养(A)。(A)维持、保存和保护其业务运作所需的所有财产及设备，使其处于良好的运作状况及状况(普通损耗除外)；及。(B)在上述任何一种情况下，对其进行一切必需的修理、更新及更换，但如在每种情况下不能合理地预期未能如此做会有重大不良影响，则属例外。6.07向保险公司购买主借款人(根据其管理团队的善意判断)认为其财产和业务财务稳健和信誉良好的保险，以防止从事相同或类似业务并在相同或类似地点经营或法律规定的人员通常承保的种类的损失或损害，其类型和金额与该等其他人在类似情况下通常承担的类型和金额相同，在任何此类保险单取消、修改或不续期之前，交付给代理人。续期或更换保单的副本(或先前交付给代理人的保单续期的其他证据)，并应代理人的书面要求，向贷款人提供关于如此投保的保险的合理详细信息。每份此类保险单将在适当的情况下，(I)代表信用证各方指定代理人为其权益项下的额外受保人，或(Ii)就每份意外险保单而言，包含额外的贷方应付损失条款或背书，该条款或背书将代理人代表信用方指定为该保险单项下的额外贷款人损失收款人。每份此类保险单还将酌情规定，除非保险人按照适用保险单中规定的通知条款事先向代理人发出书面通知，否则不得取消、修改或不续期。6.08遵守法律。在所有实质性方面遵守适用于该公司或其业务或财产的所有法律和所有命令、令状、禁令和法令的要求，但在下列情况下除外：(A)法律或命令、令状、禁令或法令的该等要求正通过勤奋进行的适当程序真诚地提出异议，并且贷款当事人已根据公认会计准则就其留出和维持足够的准备金，(B)
DB1/136748921.1136748921.3-123--这种争执实际上暂停了有争议的法律的执行，以及(C)不能合理地预期不遵守这些法律会产生实质性的不利影响。6.09书籍和记录；会计师。(A)(A)备存妥善的纪录及账簿，其中所有涉及贷款当事人或受限制附属公司(视属何情况而定)的资产及业务的重大金融交易及事项，均须按一贯适用的公认会计原则作出真实而正确的记项；及(B)备存该等纪录及账簿，以符合对贷款当事人或受限制附属公司(视属何情况而定)具有监管管辖权的任何政府当局的所有适用规定。6.10检验权。(A)应代理人的要求，在发出合理的事先通知后，并在正常营业时间内的合理时间，准许代理人的代表和独立承办商视察及视察其任何财产，检查其公司、财务及营运纪录，并复制该等纪录的副本或摘要，并与其董事、高级人员及注册会计师事务所(受该等会计师的惯常程序规限)讨论其事务、财务及账目(但须给予主要借款人参与任何该等讨论的机会)，所有费用均由贷款各方承担，并在正常营业时间内的合理时间进行。但每十二(12)个月内不得超过一(1)次，只要向牵头借款人发出合理的提前通知，但在违约事件发生和持续期间，代理人(或其任何代表或独立承包人)可在合理的事先通知后，在合理的时间内，在正常营业时间内的任何时间进行上述任何行为，费用由贷款方承担。(B)应代理人的要求，在合理的事先通知后，并在合理的时间，允许代理人或代理人聘请的专业人士(包括投资银行家、顾问、会计师和律师)对贷款方进行商业财务检查和其他评估，包括但不限于：(I)主要借款人在计算借款基数时的做法；(Ii)借款基数中包含的资产和相关的财务信息，如但不限于销售额、毛利率、应付款项、应计项目和准备金，以及(Iii)贷款方的业务计划、预测和现金流。双方同意，代理人可在合理的事先通知后，在合理的时间内自行决定(并应仅限于)(A)在每12个月期间进行最多一(1)次商业财务审查，费用由贷款方承担；如果可获得性少于贷款上限的(X)20%(20%)和(Y)12,500,000美元中的较大者，在连续五(5)个营业日内，代理人可酌情决定在紧随其后的12个月期间进行最多两(2)项商业财务检查，费用由贷款方承担，以及(B)每12个月期间最多进行一(1)项额外的商业财务检查，费用由贷款人承担。尽管有上述规定，如果法律要求，或者如果特定的违约事件已经发生并且仍在继续，在合理的事先通知后和在合理的时间，代理人可以安排进行额外的商业金融检查，费用由贷款各方承担。(C)应代理人的要求，在合理的事先通知后，并在合理的时间内，允许代理人或代理人聘请的专业人士(包括评估师)对抵押品进行估价，包括但不限于借款基础中包括的资产。双方同意，代理人可在合理的事先通知后，在合理的时间内酌情进行(并应仅限于)(A)在每12个月期间最多进行一(1)次库存评估，费用由贷款各方承担；只要DB1/136748921.1136748921.3-124-如果可获得性少于贷款上限的(X)20%(20%)和(Y)12,500,000美元中的较大者，在任何一种情况下，在任何一种情况下，在连续五(5)个工作日内，代理人可酌情在紧随其后的12个月期间进行最多两(2)次库存评估，费用由贷款人承担，以及(B)每12个月期间最多一(1)次额外的库存评估，费用由贷款人承担。尽管如上所述，(I)如果法律要求，或者如果特定违约事件已经发生并且仍在继续，在合理的事先通知后和在合理的时间，代理商可以安排进行额外的评估，费用由贷款方承担，以及(Ii)代理商可以在贷款方实施库存成本计价方法后180天内进行额外的桌面库存评估，费用由贷款方承担。6.11新增贷款方。(A)(I)在任何人成为任何贷款方的全资子公司时通知代理人，并在此之后迅速(无论如何在六十(60)天内或代理人可能同意的较长期限内)，通过签署并向代理人交付本协议的联名书或融资担保联名书或代理人认为合理适合于该目的的其他文件，促使任何属于国内子公司的人(任何被排除的子公司除外)成为贷款方。(Y)向代理人授予对该人构成抵押品的同一类型资产的留置权，以保证担保文件所要求的义务，以及(Z)向代理人交付第4.01(A)节第(Iii)和(Iv)款所指类型的文件，并在代理人合理要求的情况下，向该人提供律师的惯常意见；以及(Ii)如果该人的任何股权或债务由任何贷款方或其代表拥有，则质押该股权和证明该债务的本票(尽管有前述规定，如任何附属公司为外国附属公司或外国附属公司控股公司，则拟质押的该附属公司的股权应限于该附属公司未清偿有表决权股权的65%及该附属公司的非有表决权股权的100%)，其形式、内容及范围均须合理地令代理人满意。为免生疑问，即使本协议或任何证券文件中有任何相反规定，任何外国子公司或任何外国子公司控股公司的资产(包括外国子公司持有的任何股权)均不需要根据本协议或任何证券文件进行质押。(B)在任何情况下，不得遵守本第6条的规定。11放弃或被视为放弃或同意任何导致需要遵守本协议第6.11节的交易，如果该交易没有得到本协议的明确允许，或对任何子公司构成或被视为构成对该人作为借款人或担保人的批准，或允许在计算借款基础时计入该子公司的任何收购资产或资产。(C)尽管本协议有任何相反规定，但如果代理人合理地确定，根据本条款第6.11节的规定获得任何质押或担保权益的成本相对于其利益而言过高，则不应在本条款下要求此类质押或担保权益。6.12现金管理。(A)(I)在第三修正案生效日期之前没有交付的范围内，向代理人交付在形式和实质上令代理人合理满意的通知副本(每份“信用卡通知”)，该通知已代表借款方签立，并交付给附表5.20(B)所列的贷款方的信用卡票据交换所和处理商；及(Ii)在第三修正案生效之前未交付的范围
DB1/136748921.1136748921.3-125-日期，与每个被封锁账户银行(统称为“被封锁账户”)签订一份在形式和实质上令代理人合理满意的被封锁账户协议。(B)每个营业日不少于一次的ACH或电汇(或代理人自行决定的其他频率)，不论当时是否有任何未清偿债务(I)存入非被冻结账户(任何除外账户除外)的每个DDA内的所有可用金额(存款错误的正常进程津贴、退回支票及与以往惯例一致的其他类似项目除外)，以及(Ii)从所有信用卡发行商和信用卡处理商收到的所有付款。(C)在现金管理事件发生后和持续期间，促使ACH或电汇到代理人在美国银行开设的托收账户(“托收账户”)，频率不少于每个营业日一次(或代理人自行商定的其他频率)，不论当时是否有任何未偿债务、每一贷款方从各种来源收到的所有现金收据和收款，包括但不限于：(I)出售库存(包括但不限于，信用卡手续费收益)和其他资产(无论是否构成抵押品)；(Ii)托收账户的所有收益；(Iii)贷款方从任何人、从任何来源或因任何产权处置或其他交易或事件而收到的所有净收益和所有其他现金付款；(Iv)每个被冻结账户当时的可用现金余额(根据过去的做法在这种被冻结账户中维持的存款错误、退回支票和其他类似项目的正常备用金除外)；以及(V)未在第(Iv)款中描述的每个DDA的当时可用现金余额(不包括任何被排除的账户和由牵头借款人指定并仅用于此目的的任何支出账户)(存款错误的正常过程津贴、退回支票和此类DDA中与以往做法一致的其他类似项目除外)。(D)在现金管理事件持续期间，托收账户应始终由代理人独家管辖和控制。贷款双方特此确认并同意：(I)在现金主权事件持续期间，贷款方无权从托收账户中提取资金；(Ii)托收账户中存放的资金应始终作为所有债务的抵押品；以及(Iii)在现金主权事件持续期间，托收账户中的资金应用于第2.05(F)节或第8节中规定的债务。03，视何者适用而定。如有第6.12节的规定，任何贷款方收到或以其他方式支配和控制任何该等现金收款或托收(任何除外账户中的任何金额除外)，则该等收款和托收应由该借款方以信托形式为代理人持有，不得与该借款方的任何其他资金混合或存入该借款方的任何账户，且不得迟于收到后的营业日存入托收账户或以该代理人指示的其他方式处理。DB1/136748921。1136748921.3-126-6.13有关抵押品的信息。任何借款方的名称或用于在其业务行为或其财产所有权方面识别其身份的任何商品名称的任何变更，至少在书面通知后三十(30)天提供给代理人；(Ii)任何借款方的首席执行官办公室或其主要营业地点；(Iii)任何借款方的组织类型或注册成立或成立的司法管辖区；或(Iv)任何贷款方的联邦纳税人识别码或组织识别码。6.14实物库存。(A)促使在每个财政年度对贷款方的配送中心和门店地点进行至少一(1)次实物盘点，费用由贷款方承担(前提是贷款方可以选择定期进行周期盘点，以代替在其配送中心或任何门店地点进行的年度盘点)，在每一种情况下，由代理人满意的盘存员进行，并遵循与前一次盘点中使用的方法一致的方法，或按照代理人满意的其他方法进行盘点。代理人可参与和/或观察代表任何贷款方进行的每一次预定的库存盘点，费用由贷款方承担。牵头借款人应在盘存完成后四十五(45)天内向代理人提供此类盘存(以及贷款方进行的任何其他实物盘点或周期盘点)结果的对账，其结果应反映与贷款方的库存分类账或总分类账存在重大差异，并在任何情况下应将这些结果公布到贷款当事人的库存分类账和总分类账(视情况而定)。(B)允许代理人酌情决定，如果存在任何违约或违约事件，则允许代理人根据其允许的酌情决定权(每项费用由贷款方承担)，安排额外的此类库存。6.15环境法。(A)在符合所有环境法的情况下开展其业务，并保持和维护其房地产；。(B)获得和续期其业务和物业合理所需的所有环境许可证；。以及(C)执行为遵守环境法而合理需要的任何和所有调查、补救、移除和响应行动，这些法律与在其任何房地产上、在其房地产上、在其房地产内、在其房地产之下、在其房地产之下、从其房地产或其房地产附近存在、产生、处理、储存、使用、处置、运输或排放任何有害材料有关，但在上述每个原因的情况下，不能单独或总体合理地预期不会产生实质性的不利影响，但借款方及其任何子公司均不应要求贷款方或其任何子公司进行任何此类清理、清除、补救或其他行动，但其义务是本着善意并通过适当的程序提出异议的，且已根据公认会计准则就此类情况拨备并由贷款当事人维持充足的准备金。本协议中包含的任何内容不得被视为限制代理商以本协议允许的方式建立或修改储备的权利。6.16进一步保证。(A)签立任何和所有其他文件、融资报表、协议和文书，并采取任何法律可能要求或代理人合理要求的一切进一步行动(包括提交和记录融资报表、修改融资报表和其他文件)，以完成贷款文件所设想的交易，或授予、保存、保护或完善(在符合以下条件的范围内)
DB1/136748921.1136748921.3-127-《担保文件和本协议》中规定的限制)担保文件创建或打算创建的留置权或任何此类留置权的有效性或优先权，一切费用由贷款方承担。贷款双方还同意应代理人的要求，不时向代理人提供令代理人满意的证据，证明担保文件所设定或拟设定的留置权的完善性和优先权。(B)如果任何贷款方在截止日期后收购了任何重大资产(构成证券文件下抵押品的资产受完善的第一优先权的约束(仅限于根据适用法律的实施具有优先权的允许的产权负担)、收购证券文件时在证券文件下的留置权，以及根据本条例第6.11节无需质押的外国子公司或外国子公司控股公司的股权以外的其他资产)，应将此情况通知代理人。贷款方将使此类资产受到完善的留置权的约束，以确保债务，并将采取任何代理人合理必要或合理要求的行动，以授予和完善此类留置权(在担保文件和本协议规定的范围内，并受其限制)，包括第6.16节(A)段所述的行动，费用全部由贷款方承担。尽管有上述规定，贷款方不应被要求就任何贷款方的任何自有房地产授予以代理人为受益人的抵押。6.17遵守租赁条款。除非本协议另有明确许可，否则(A)就任何借款方或其任何受限附属公司为一方的所有租约支付所有款项，并以其他方式履行所有义务，保持该等租约的完全效力和效力，(B)不允许该等租约失效或终止，或没收或取消任何续订该等租约的权利，除非该等租约在正常业务运作中不再用于贷款当事人的业务或不再有用，(C)通知代理人任何一方对该等租赁的任何违约，并在各方面与代理人合作以补救任何该等违约，及(D)促使其每一间受限制附属公司履行上述责任，但在任何情况下，如个别或整体未能如此行事，合理地预期不会产生重大不利影响，则不在此限。6.18.指定附属公司。控股公司董事会可随时将任何受限子公司指定为非受限子公司，或将任何非受限子公司指定为受限子公司；但(I)在紧接该项指定之前及之后，并无任何违约或违约事件发生及持续，(Ii)在该项指定生效后，付款条件应已获满足，(Iii)任何借款人不得被指定为非限制附属公司，(Iv)任何非限制附属公司不得拥有主要借款人及其受限制附属公司的任何股权，(V)非限制附属公司不得持有主要借款人及其受限制附属公司的任何债务或对其任何财产的任何留置权，(Vii)任何非受限制附属公司的任何债务持有人不得就该等债务向牵头借款人及其受限制附属公司有任何追索权，及(Vii)任何非受限制附属公司不得参与第7.09节所不允许的与主要借款人及其受限制附属公司的任何交易或安排。任何附属公司被指定为非受限制附属公司，应构成控股公司及其受限制附属公司于指定日期对其进行的投资，金额相等于控股公司或受限制附属公司(视乎适用而定)于该等附属公司的投资的账面净值。指定任何非限制性附属公司为受限制附属公司，应构成指定该附属公司当时存在的任何债务或留置权的产生。DB1/136748921.1136748921.3-128-6.19项制裁。不得直接或故意或间接使用任何信用延期或任何信用延期的收益，或向任何人出借、出资或以其他方式提供该信用延期或任何信用延期的收益，以资助任何人或在任何指定司法管辖区的任何活动或业务，以在此类资金提供时是制裁的标的，或以任何其他方式导致任何人(包括参与交易的任何人，无论是贷款人、安排人、代理人、L/发行人或其他)违反制裁规定。6.20反腐败法。不得直接或故意间接将任何信贷延期或任何信贷延期的收益用于违反1977年美国《反海外腐败法》或其他司法管辖区任何适用的反腐败法律的任何目的。第七条负契诺只要任何贷款人在本合同项下有任何承诺，本合同项下的任何贷款或其他义务仍未偿还或未清偿(除其他债务和或有赔偿要求外)，或任何信用证仍未清偿(除非以另一张信用证以L/信用证发行人和代理人合理满意的方式全额现金抵押或支持)，任何贷款方不得、也不得允许任何受限子公司直接或间接留置权：7.01.在其任何财产、资产或收入上创建、招致、承担或容受存在任何留置权，无论其现在拥有或此后获得，或根据UCC或任何司法管辖区的任何适用法律或法规签署、提交或授权将任何贷款方或其任何受限制的子公司列为债务人的融资声明；签署或容受存在授权任何人提交该融资声明的担保协议；出售其任何财产或资产，但须遵守对其或其任何受限制的子公司的追索权的谅解或协议(或有其他)；或转让或以其他方式转让任何账户或其他权利以获得收入或授予对其资产的任何留置权，但上述所有允许的产权负担除外。7.02投资。进行任何投资，允许投资除外；但如果任何此类允许投资的对象不是贷款方，并且包括与借款基地有关的知识产权，则买方、受让人或其他受让人应以书面形式同意受该知识产权的非排他性、免版税的全球许可的约束，以代理人为受益人，在行使贷款方的权利和补救措施时使用，该许可的形式和实质应令代理人合理满意。7.03负债；不合格股票。(A)(A)设立、招致、承担、担保、容受存在或以其他方式成为或继续对任何债务(准许债务除外)负责，或(B)发行不合格股票。7.04根本性变化。与另一人合并、解散、清算、合并或合并为另一人(在每一种情况下，包括依据分部)(或同意进行上述任何一项)，但
DB1/136748921.1136748921.3-129-只要不发生违约或违约事件，并且在实施下述任何行动之前或之后继续发生，或将由此导致：(A)非贷款方的任何子公司可与或合并为(1)借款方，但借款方必须是继续或尚存的人，或(2)任何一个或多个不是贷款方的其他子公司，但当任何全资子公司与另一家子公司合并或合并时，全资子公司应为继续或尚存的人；(B)作为贷款方的任何附属公司可与任何其他作为借款方的附属公司合并或合并为借款人，但在涉及借款人的任何合并中，借款人应为继续或尚存的人；。(C)就准许收购而言，贷款方的任何附属公司可与任何其他人合并或合并，或允许任何其他人与其合并、合并或合并；。但(I)该等合并的存续人士应为贷款方的全资附属公司，而该人士应根据本协议第6.11节的规定成为贷款方，及(Ii)如任何贷款方为该等合并的一方，则该贷款方即为尚存的人；及(D)任何并非借款人的附属公司如真诚地认为清盘或解散符合主要借款人的最佳利益，且对信贷方并无重大不利，则该附属公司可予以清盘或解散。7.05处置。作出任何处置或订立任何协议以作出任何处置，但经准许的处置除外。7.06限制支付。直接或间接宣布或作出任何限制性付款，或招致任何义务(或有其他)，但下列各项均应获准：(A)贷款方的每一附属公司可向任何贷款方(控股公司除外)作出限制性付款；(B)贷款当事人及每间附属公司可宣布及作出股息支付或其他分派，只以该人的普通股或其他普通股权益支付(在每种情况下，除不合格股外)；(C)贷款当事人可向控股公司申报和支付现金股利，其数额不得超过允许控股公司支付其所占比例所需的数额：(1)合理和习惯的公司和经营费用(包括第三方提供的法律、行政和会计服务的合理自付费用，以及因在正常业务过程中受雇而应支付给高级管理人员和雇员的薪酬、福利和其他金额)；(2)主要借款人及其附属公司在任何课税期间可归因于主要借款人及其附属公司的应税收入的纳税义务，在该期间，主要借款人及其附属公司是任何关联、综合、合并或单一集团，其共同母公司为控股，DB1/136748921.1136748921.3-130-(Iii)维持其公司生存所需的特许经营费或类似税费，以及(Iv)在符合资格的首次公开募股后，与成为或继续作为上市公司存在相关的任何成本和支出(包括上市公司成本)。(D)任何贷款方可宣布并向Holdings支付现金股息，但不得超过允许Holdings根据保荐人管理协议向保荐人支付Holdings、主要借款人或其各自子公司应占的惯常赔偿和合理的正常课程费用所需的金额；(E)只要当时不存在或不会导致违约或违约事件，贷款当事人及其附属公司可在每个财政年度向Holdings支付总额不超过5,000,000美元的限制性付款(在借款人或任何母公司符合资格的首次公开募股后的任何财政年度增加至20,000,000美元)，以允许Holdings或其母公司回购、赎回或以其他方式收购其发行的股权(只要当时不存在或不会导致违约或违约事件，Holdings可将该等受限付款的收益用于该目的)；(F)如果满足RP条件，主要借款人可向Holdings宣布或支付现金股息(只要满足RP条件，Holdings可使用此类限制性付款的收益向Holdings的股权持有人支付限制性付款)；(G)第三修正案生效日期分配；(H)与任何IPO重组交易相关的向Holdings或任何贷款方的限制性付款；以及(I)宣布并支付借款人普通股权益的股息(或向任何母公司支付股息以支付该公司普通股权益的股息)，在截止日期后首次公开发行借款人普通股或任何母公司的普通股，即符合资格的IPO，其数额不得超过以下两者中较大者：(A)借款人收取或向借款人提供的现金收益净额的每年7.0%(构成除外供款的任何公开出售除外)和(B)在宣布该等受限制付款时的市值的6.0%；如果不发生8.01(A)或8节所规定的违约事件。01(F)(仅就借款人而言)应已经发生并正在继续或将由此产生。7.07提前偿还债务。在预定到期日之前以任何方式预先偿还、赎回、购买、取消或以其他方式偿还任何次级债务，但下列情况除外：(A)定期或强制偿还、回购、赎回或失败(I)准许债务(次级债务除外)、(Ii)根据附属债务的附属条款进行的次级债务；但如果任何特定的违约事件(或随着时间的推移，发出通知或两者都将构成特定的违约事件)存在或将由此产生，则贷款方及其附属公司不得利用信用延期收益或抵押品收益来进行本条(A)、(B)自愿预付款、回购、赎回或失败(I)允许的债务(但不包括任何次级债务)的偿还、回购、赎回或失败，只要满足支付条件，(Ii)次级债务
DB1/136748921.1136748921.3-131-其从属条款，只要满足付款条件，以及(Iii)
保留区
(C)允许对任何此类债务进行再融资。7.08业务性质的变化。(A)就Holdings而言，从事与Holdings于截止日期所经营的业务有重大不同的任何业务。(B)就除控股公司以外的任何贷款方而言，从事与贷款方及其附属公司于结算日所经营的业务有重大不同的任何业务，或从事与该业务有重大关联或附带的任何业务。7.09与关联公司的交易。与任何贷款方的任何关联公司订立、续订、扩展或成为任何类型的交易的一方，涉及的总付款或对价超过3美元。0,000,000美元，不论是否在正常业务过程中，除非按对贷款方或受限制附属公司在当时与关联方以外的人进行可比公平交易时可获得的对贷款方或受限制附属公司实质上同样有利的公平合理条款，或如果董事会真诚地判断没有可与之比较的可比交易，则从财务角度来看，此类交易对贷款方或受限制附属公司在其他方面是公平的。但上述限制不适用于：(A)贷款方与一个或多个受限制附属公司之间或之间的交易，或受限制附属公司之间或之间的交易，或在任何情况下，因该交易而成为受限制附属公司的任何实体之间的交易；(B)(B)本协议附表7.09所述的交易；(C)(C)为董事、高级人员及雇员在通常业务过程中为佣金、差旅及其他类似目的而预支的款项；(D)向董事及高级人员支付合理费用及自付费用，(E)(E)贷款方与保荐人之间的交易，只要不改变控制结果，任何控股证券的发行(不合格股票和其他股权除外)，或根据雇佣协议以现金、证券或其他方式支付的其他付款、奖励或赠款，或根据雇佣协议提供资金，(H)(H)借款人或任何受限制子公司(视情况而定)向代理人递交的独立财务顾问的信函，说明从财务角度来看，此类交易对贷款方或受限制子公司是公平的，或声明条款作为一个整体，对贷款方或相关DB1/136748921并无实质性不利影响。1136748921.3-132年-限制性附属公司，不同于贷款方或此类受限附属公司在与非贷款方关联方的个人进行的可比交易中获得的交易，(I)(I)与客户、客户、供应商、承包商、合资伙伴或货物或服务的买方或卖方的交易，或与购买或销售货物或服务有关的交易，在每种情况下，在正常业务过程中或符合行业惯例，并在其他情况下遵守对贷款方和受限子公司公平的本协议条款，(J)(J)向任何人发行、出售或转让主要借款人或任何母公司的股权(不合格股票除外)，并授予和履行与此相关的习惯权(包括登记权)，以及对主要借款人资本的任何贡献；(K)(K)贷款各方或任何受限制附属公司为任何财务咨询、咨询、融资、承销或配售服务或其他投资银行活动，包括与收购或剥离有关的活动，而该等活动的付款须经董事会多数成员善意批准，或根据董事会多数成员善意批准的安排支付；(L)(L)(I)联属公司对牵头借款人证券的投资(以及支付该等联营公司与此相关的合理自付费用)，只要该投资一般是由牵头借款人以相同或更优惠的条款向其他投资者提供；及(Ii)就前述第(I)款所述牵头借款人的证券向联属公司付款，或就前述第(I)款所述的主要借款人的证券或从主要借款人及受限制附属公司以外的其他人士购入的款项，在每种情况下，按照该等证券的条款，(M)(M)(M)向联属公司付款或与其进行交易，在正常业务过程中或符合过去惯例、行业惯例或行业规范(包括与之相关的任何现金管理活动)的任何合资企业或非限制性子公司，(N)(N)(N)作为承租人的贷款方或任何受限子公司与作为出租人的借款人的任何关联公司之间签订的任何租赁，以及根据该租赁进行的任何交易(S)，该租赁由牵头借款人的董事会或高级管理人员真诚批准；(O)(O)在正常业务过程中或符合行业惯例的知识产权许可；(P)(P)支付根据股权持有人协议或在生效日期或之后订立的登记权协议向主要借款人或任何母公司的股权持有人提供的与登记权和赔偿有关的合理自付费用和支出，(Q)(Q)第(Q)(Q)条允许并遵守第7条的交易。04仅为(A)IPO重组交易、(B)成立控股公司或(C)在新司法管辖区将主要借款人重新注册为公司的目的，
DB1/136748921.1136748921.3-133-(R)(R)(R)为提高借款人及其受限制子公司的综合税务效率，而不是为了规避本协定第六条和第七条的目的而真诚进行的交易(由主要借款人的董事会确定或高级管理层认证)；只要该等交易作为一个整体，不会对贷款方以贷款方为受益人的抵押品的留置权产生实质性的不利影响，当作为一个整体时，在每一种情况下，如董事会真诚地确定或由牵头借款人的高级管理层在高级管理人员证书中证明，(S)(S)(I)与作为牵头借款人的关联方的人(不受限制的附属公司除外)的交易，仅因为贷款方或任何受限制的附属公司直接或间接拥有，(I)(T)(I)(I)质押或以其他方式转让不受限制附属公司的股权，及(Ii)与联营公司进行的任何交易，其中所支付的代价仅为主要借款人或母公司的股权，及(U)主要借款人的股权(不合格股除外)的出售、发行或转让。7.10繁重的协议。订立或允许存在任何合同义务(本协议或任何其他贷款文件或任何定期贷款文件除外)，以(A)限制任何子公司向任何借款方进行限制性付款或其他分配，或以其他方式向贷款方或任何子公司转让财产或向其投资的能力，但(X)当任何子公司成为任何借款人的子公司时除外，只要签订该协议的主要目的不是考虑该人成为该借款人的子公司，(Y)在出售前出售任何附属公司全部或大部分资产的协议内所载的惯常限制及条件，但该等限制及条件只适用于拟出售的附属公司，且根据本条例准许该项出售，或(Z)租约及其他合约及协议中限制转让的惯常条文，(Ii)任何附属公司担保义务，(Iii)任何附属公司向贷款方作出或偿还贷款，或(Iv)贷款各方或任何附属公司对该人的财产设定、产生、承担或容受以代理人为受益人的留置权；但本条第(Iv)款并不禁止为根据准许负债定义(C)或(D)条准许的任何债项持有人而招致或提供的任何负质押，仅限于该等负质押与该等债项所融资的财产或该等债项的标的有关的范围内；。(B)限制转让的合约或处置任何资产或任何附属公司的合约中惯常的反转让条文，但任何该等合约的限制只适用于将予处置的资产或附属公司；。或(C)要求授予留置权，以确保此人的义务，如果授予留置权是为了确保此人的另一义务，除非这种留置权是允许的产权负担。7.11收益的使用。在直接或间接明知(A)购买或携带保证金股票(FRB规则U的涵义)或向他人提供信贷以购买或携带保证金股票或退还最初为此目的而产生的债务的情况下，或(B)用于(I)在正常业务过程中收购营运资金资产、(Ii)为贷款方的资本支出、允许投资和受限付款提供资金以外的任何目的，以及(Iii)用于一般企业目的，在每种情况下，均不受适用法律或贷款文件的禁止。DB1/136748921.1136748921.3-134-7.12材料文件修正案。以任何对贷款人的利益有重大不利的方式，经主要借款人真诚地决定(根据该等建议的修订、修改或更改作为整体的基础)，修订、修改或更改属于重大债务的任何次级债务的任何条款或条件(第(I)项除外)
保留区
或(Ii)未经代理人同意(不得无理拒绝或延迟同意)的情况下，任何该等次级债务的任何条款或条件的修订、修改或更改不得视为对贷款人的利益构成重大不利。7.13会计年度；会计变更。未经代理人事先书面同意改变任何贷款方的会计年度，或在任何重大方面改变贷款方的会计政策或报告做法(双方同意，任何对计算纳入借款基础的合格存货的成本或综合固定费用覆盖率的计算有重大影响的改变均为此类改变)，但公认会计原则另有要求，且贷款方可将其存货计价方法从零售计价方法改为存货成本计价方法除外。但条件是：(I)贷款当事人应至少提前十(10)天书面通知代理人变更方法，以及(Ii)代理人可根据第6.10(C)节最后一句的规定，在实施成本计价方法后，在其允许的自由裁量权范围内，由贷款当事人承担费用，对贷款当事人的存货进行评估。7.14存款账户；信用卡处理商。在被冻结的账户银行开立新的DDA(任何被排除的账户和由主要借款人指定的、仅用于该目的的任何支出账户除外)或与信用卡发行商或信用卡处理商签订任何协议，除非贷款方已向代理人提交适当的被冻结账户协议或信用卡通知(视情况而定)，符合第6.12节的规定，并在其他方面令代理人满意。未经代理人同意(不得被无理扣留或拖延)，任何贷款方不得在任何被冻结的账户银行开立任何银行账户(任何被排除的账户和由主要借款人指定的、仅用于此目的的任何支出账户除外)，也不得与信用卡发行商或信用卡处理商签订任何协议，但本文或第6.12节明确规定的除外。7.15综合固定收费覆盖率。在公约遵守事件持续期间，允许截至每个财政季度最后一天(从紧接公约遵守事件发生之日之前的财政季度开始)的测算期结束的综合固定费用覆盖率小于1.00：1.00。第八条违约事件和救济8.01违约事件。下列任何一项均构成“违约事件”：[DB1/136748921.1136748921.3-135-(A)不付款。借款人或任何其他贷款方未能按本合同规定支付下列款项：(I)任何贷款或任何L/C债务的任何金额的本金，或就L/C债务存放任何资金作为现金抵押品，(Ii)任何贷款或任何L/C债务的任何利息，或本协议项下的任何费用在到期后三(3)个工作日内到期，或(Iii)根据本协议或根据任何其他贷款文件应支付的任何其他金额(不包括其他债务)，在其到期日后五(5)个工作日内支付；或(B)特定的契诺。任何贷款方未能履行或遵守第6.02(C)、第6.03(A)、第6.05(A)条中的任何条款、契诺或协议(除第7款所允许的交易外，仅针对主要借款方)、第6.03(A)、6.05(A)款中的任何条款、契诺或协议(在要求每月交付的三(3)个营业日宽限期和要求每周交付的两(2)个营业日宽限期之后；但在该宽限期内，借款人不得根据本协议进行任何借款。第04条或第7.05条)、第6.12条(在现金管理事件持续期间，但在此类违约能够得到纠正的范围内有三(3)个工作日的宽限期)、第七条(第7.15条除外)或借款人未能履行或遵守第7条所包含的约定。15；但第7.15节规定的违约事件在补救期限到期之前不得发生，除非补救权利未完成；或(C)其他违约。任何贷款方未能履行或遵守其应履行或遵守的任何贷款文件中包含的任何其他契诺或协议(未在上文(A)或(B)款中指定)，且在牵头借款人收到代理或所需贷款人的书面通知后，此类不履行持续三十(30)天；或(D)陈述和担保。本协议中任何借款方或其代表在任何其他贷款文件中或在与此相关或与之相关的任何文件(包括但不限于任何借款基础证书)中作出或被视为作出的任何陈述、保证、证明或事实陈述，在作出或被视为作出时在任何重大方面均属不正确或误导性(或，如果在其文本中有重大意义，则在作出或被视为作出时在任何方面均属错误或误导)；或(E)交叉违约。任何借款方或其任何受限制附属公司(A)未能就任何重大债务在到期时(不论是按预定到期日、规定预付款、加速付款、催缴或其他方式)付款，或(B)未能遵守或履行与任何该等重大债务有关的任何其他协议或条件，或任何证明、担保或与之有关的文书或协议中所载的任何其他协议或条件，或发生任何其他事件，而违约或其他事件将会导致该等协议或条件的后果，或准许该等重大债项的持有人或该等重大债项的任何担保的受益人(或代表该等持有人或该等受益人的受托人或代理人)，在需要时发出通知后，安排(自动或以其他方式)追讨、到期、回购、预付、作废或赎回该等债务，或在该等债务的所述到期日或该等担保成为应付或与该等债务有关的现金抵押品之前，作出回购、预付、作废或赎回的要约；但在第(B)款的情况下，定期贷款信贷协议中金融契诺(定义见定期贷款信贷协议)下的违约不应构成本协议下的违约或违约事件，除非和直到(X)定期贷款信贷协议下的违约发生后六十(60)天或(Y)定期贷款信贷协议下的贷款人已加速履行定期贷款义务且该加速不得被撤销，或DB1/136748921.1136748921.3-136-(F)破产程序等。任何贷款方或其任何受限制的子公司根据任何债务人救济法发起或同意提起任何诉讼程序，或为债权人的利益进行转让；或申请或同意为其或其财产的全部或任何重要部分指定任何接管人、受托人、保管人、财产保管人、清盘人、恢复人或类似人员；或在未经上述人士申请或同意下，开始诉讼或提出呈请，以寻求或要求委任任何接管人、受托人、保管人、财产保管人、清盘人、修复者或类似人员，并在六十(60)个历日内不解除、不解雇或不搁置委任，或登录批准或命令任何前述任何事项的命令或法令；或未经该人同意而根据任何债务人救济法提起与任何该等人士或其财产的全部或任何重要部分有关的任何法律程序，并在六十(60)个历日内不经解雇或搁置而继续进行，或在任何该等法律程序中登录济助令；或(G)无力偿还债务；扣押。(I)任何贷款方或其任何受限制附属公司变得无力或以书面承认其无力或普遍未能偿还在正常业务过程中到期的债务，或(Ii)针对任何该等人士的全部或任何重要部分发出或征收任何扣押令或执行令或类似程序，且在发出或征收后四十五(45)日内未予解除、腾出或完全担保；或(H)判决。对任何贷款方或其任何受限附属公司(I)支付总额超过10,000,000美元的款项(就所有该等最终判决和命令而言)的一项或多项最终判决或命令(在独立第三方保险不承保的范围内，保险人在上午最佳公司被评为A级，已被告知潜在索赔，且未对承保范围提出异议)，或(Ii)任何一项或多项非货币判决具有或可合理地预期具有个别或总体重大不利影响，且在任何一种情况下，(A)任何债权人就该判决或命令展开强制执行程序，或。(B)该判决在登录后三十(30)天内仍未获清偿、撤销、解除，或在上诉期间搁置或担保执行；。或(I)ERISA。(I)养老金计划或多雇主计划发生ERISA事件，导致或可以合理地预期导致任何贷款方根据ERISA第四章对养老金计划、多雇主计划或PBGC承担责任，并可能合理地导致重大不利影响，或(Ii)贷款方或任何ERISA关联公司在任何适用的宽限期到期后未能支付根据ERISA第4201条规定的多雇主计划下的提取责任的任何分期付款，这可能合理地导致重大不利影响；或(J)贷款文件无效。(I)任何贷款文件的任何条文，在签立及交付后的任何时间，因任何理由(根据或根据本条例明确准许的或根据本条例明确准许的或全部清偿所有债务的除外)，不再具有十足效力及作用；或任何贷款方或其任何受限制附属公司以任何方式以书面对任何贷款文件的任何重要条文的有效性或可执行性提出异议；或任何贷款方或其任何受限制的附属公司以书面形式否认其根据任何贷款文件的任何重大条款负有任何或进一步的责任或义务，或意图撤销、终止或撤销任何贷款文件的任何规定，或试图避免、限制或以其他方式不利地影响任何据称根据任何担保文件设定的留置权；或(Ii)任何据称根据任何担保文件设定的留置权应停止有效，或应由任何贷款方或其任何受限制的附属公司以书面方式断言不是有效和完善的]DB1/136748921.1136748921.3-137-抵押品的任何重要部分的留置权(在证券文件和本协议要求的范围内)完善了对任何抵押品(抵押品的非实质性部分除外)的留置权，具有适用的证券文件所要求的优先权(受制于允许的产权负担)；或(K)控制权的变更。控制权发生变更；或(L)[已保留], (e) [(M)抵押品损失。任何抵押品发生任何未投保的损失，而这种损失可以合理地预期会产生实质性的不利影响；或(N)]已保留[基本费率]术语较软
定期贷款(循环贷款类型)4(D)定期SOFR贷款：主要借款人以_[签名页面如下]3每笔借款、转换为或延续SOFR定期贷款的本金金额必须为1,000,000美元或超出本金500,000美元的整数倍。除非第2.03(C)和2.04(C)节另有规定，否则每次借款或转换为基本利率贷款的金额应为代理人可能要求的最低金额。循环贷款可以是基础利率贷款，也可以是定期SOFR贷款。如果没有指定循环贷款的类型，则适用的循环贷款将作为基本利率贷款发放。5牵头借款人可申请借入一、三或六个月(或在所有贷款人可获得的范围内，为十二个月)的SOFR定期贷款。如果没有指定利息选择期限，则牵头借款人将被视为已指定一个月的利息期限。在所有循环借款、从一种类型向另一种类型的所有循环贷款转换以及相同类型的循环贷款的所有延续生效后，定期SOFR贷款的有效利息期不得超过五(5)个。DB1/136724199.3，日期为上述第一次写入的日期。由_名称：_
DB1/ 136748921.1136748921.3 -123- such contest effectively suspends enforcement of the contested Laws, and (c) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 6.09 Books and Records; Accountants. (a) (a) Maintain proper books of record and account, in which true and correct entries in conformity with GAAP consistently applied shall be made of all material financial transactions and matters involving the assets and business of the Loan Parties or such Restricted Subsidiary, as the case may be; and (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Loan Parties or such Restricted Subsidiary, as the case may be. 6.10 Inspection Rights. (a) Upon the request of the Agent after reasonable prior notice and at reasonable times during normal business hours, permit representatives and independent contractors of the Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and Registered Public Accounting Firm (subject to such accountants’ customary procedures) (provided that the Lead Borrower shall be given the opportunity to participate in any such discussions), all at the expense of the Loan Parties and at such reasonable times during normal business hours, but no more than one (1) time per twelve (12) month period, upon reasonable advance notice to the Lead Borrower, provided, however, that upon the occurrence and during the continuance of an Event of Default, the Agent (or any of its representatives or independent contractors) may do any of the foregoing after reasonable prior notice and at reasonable times as often as may be reasonably desired at the expense of the Loan Parties at any time during normal business hours. (b) Upon the request of the Agent after reasonable prior notice and at reasonable times, permit the Agent or professionals (including investment bankers, consultants, accountants, and lawyers) retained by the Agent to conduct commercial finance examinations and other evaluations of the Loan Parties, including, without limitation, of (i) the Lead Borrower’s practices in the computation of the Borrowing Base, (ii) the assets included in the Borrowing Base and related financial information such as, but not limited to, sales, gross margins, payables, accruals and reserves, and (iii) the Loan Parties’ business plan, forecasts and cash flows. The parties hereto agree that the Agent may, in its discretion, after reasonable prior notice and at reasonable times, undertake (and, subject to the immediately succeeding sentence, shall be limited to) (A) up to one (1) commercial finance examination in each twelve month period at the Loan Parties’ expense; provided that if Availability is less than the greater of (x) twenty percent (20%) of the Loan Cap, and (y) $12,500,000, in either case for five (5) consecutive Business Days, the Agent may, in its discretion, undertake up to two (2) commercial finance examinations in the immediately succeeding twelve month period at the Loan Parties’ expense, and (B) up to one (1) additional commercial finance examination in each twelve month period at the Lenders’ expense. Notwithstanding the foregoing, if required by Law or if a Specified Event of Default shall have occurred and be continuing, after reasonable prior notice and at reasonable times, the Agent may cause additional commercial finance examinations to be undertaken at the expense of the Loan Parties. (c) Upon the request of the Agent after reasonable prior notice and at reasonable times, permit the Agent or professionals (including appraisers) retained by the Agent to conduct appraisals of the Collateral, including, without limitation, the assets included in the Borrowing Base. The parties hereto agree that the Agent may, in its discretion, after reasonable prior notice and at reasonable times, undertake (and, subject to the immediately succeeding sentence, shall be limited to) (A) up to one (1) inventory appraisal in each twelve month period at the Loan Parties’ expense; provided, DB1/ 136748921.1136748921.3 -124- that if Availability is less than the greater of (x) twenty percent (20%) of the Loan Cap, and (y) $12,500,000, in either case, for five (5) consecutive Business Days, the Agent may, in its discretion, undertake up to two (2) inventory appraisals in the immediately succeeding twelve month period at the Loan Parties’ expense, and (B) up to one (1) additional inventory appraisal in each twelve month period at the Lenders’ expense. Notwithstanding the foregoing, (i) if required by Law or if a Specified Event of Default shall have occurred and be continuing, after reasonable prior notice and at reasonable times, the Agent may cause additional appraisals to be undertaken at the expense of the Loan Parties, and (ii) the Agent may cause an additional desktop inventory appraisal to be undertaken within 180 days following the Loan Parties’ implementation of the cost method of valuation of Inventory at the expense of the Loan Parties in accordance with Section 7.13. 6.11 Additional Loan Parties. (a) (i) Notify the Agent at the time that any Person becomes a Wholly-Owned Subsidiary of any Loan Party, and promptly thereafter (and in any event within sixty (60) days or such longer period as the Agent may agree), cause any such Person which is a Domestic Subsidiary (other than any Excluded Subsidiary) to (x) become a Loan Party by executing and delivering to the Agent a Joinder to this Agreement or a Joinder to the Facility Guaranty or such other documents as the Agent shall deem reasonably appropriate for such purpose, (y) grant a Lien to the Agent on such Person’s assets of the same type that constitute Collateral to secure the Obligations to the extent required by the Security Documents, and (z) deliver to the Agent documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a) and, if reasonably requested by the Agent, customary opinions of counsel to such Person, and (ii) if any Equity Interests or Indebtedness of such Person are owned by or on behalf of any Loan Party, to pledge such Equity Interests and promissory notes evidencing such Indebtedness (except that, notwithstanding the foregoing, if any Subsidiary is a Foreign Subsidiary or a Foreign Subsidiary Holding Company, the Equity Interests of such Subsidiary to be pledged shall be limited to 65% of the outstanding voting Equity Interests of such Subsidiary and 100% of the non-voting Equity Interests of such Subsidiary), in each case in form, content and scope reasonably satisfactory to the Agent. For the avoidance of doubt and notwithstanding anything herein or in any Security Document to the contrary, none of the assets of any Foreign Subsidiary or any Foreign Subsidiary Holding Company (including any Equity Interests held by a Foreign Subsidiary) shall be required to be pledged hereunder or under any Security Document. (b) In no event shall compliance with this Section 6.11 waive or be deemed a waiver or Consent to any transaction giving rise to the need to comply with this Section 6.11 if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute, with respect to any Subsidiary, an approval of such Person as a Borrower or Guarantor or permit the inclusion of any acquired assets or assets of such Subsidiary in the computation of the Borrowing Base. (c) Notwithstanding anything to the contrary contained herein, if the Agent reasonably determines that the cost of obtaining any pledge or security interest otherwise required pursuant to this Section 6.11 is excessive in relation to the benefit thereof, then no such pledge or security interest shall be required hereunder. 6.12 Cash Management. (a) (i) To the extent not previously delivered prior to the Third Amendment Effective Date, deliver to the Agent copies of notifications (each, a “Credit Card Notification”) reasonably satisfactory in form and substance to the Agent which have been executed on behalf of such Loan Party and delivered to such Loan Party’s credit card clearinghouses and processors listed on Schedule 5.20(b); and (ii) to the extent not previously delivered prior to the Third Amendment Effective
DB1/ 136748921.1136748921.3 -125- Date, enter into a Blocked Account Agreement reasonably satisfactory in form and substance to the Agent with each Blocked Account Bank (collectively, the “Blocked Accounts”). (b) ACH or wire transfer no less frequently than once each Business Day (or with such other frequency as the Agent may otherwise agree in its sole discretion), whether or not there are then any outstanding Obligations to a Blocked Account (i) all available amounts on deposit in each DDA that is not a Blocked Account (other than any Excluded Account) (except for normal course allowances for deposit errors, returned checks and other similar items maintained in such DDAs consistent with past practices), and (ii) all payments received from all Credit Card Issuers and Credit Card Processors. (c) After the occurrence and during the continuance of a Cash Dominion Event, cause the ACH or wire transfer to the collection account maintained by the Agent at Bank of America (the “Collection Account”), no less frequently than once each Business Day (or with such other frequency as the Agent may otherwise agree in its sole discretion), whether or not there are then any outstanding Obligations, all cash receipts and collections received by each Loan Party from all sources, including, without limitation, the following: (i) all available cash receipts from the sale of Inventory (including without limitation, proceeds of credit card charges) and other assets (whether or not constituting Collateral); (ii) all proceeds of collections of Accounts; (iii) all Net Proceeds, and all other cash payments received by a Loan Party from any Person or from any source or on account of any Disposition or other transaction or event; (iv) the then available cash balance of each Blocked Account (except for normal course allowances for deposit errors, returned checks and other similar items maintained in such Blocked Accounts consistent with past practices); and (v) the then available cash balance of each DDA (other than any Excluded Account and any disbursement accounts designated by the Lead Borrower and used solely for such purpose) not described in clause (iv) (except for normal course allowances for deposit errors, returned checks and other similar items maintained in such DDAs consistent with past practices). (d) The Collection Account shall at all times during the continuance of a Cash Dominion Event be under the sole dominion and control of the Agent. The Loan Parties hereby acknowledge and agree that (i) during the continuance of a Cash Dominion Event, the Loan Parties have no right of withdrawal from the Collection Account, (ii) the funds on deposit in the Collection Account shall at all times be collateral security for all of the Obligations, and (iii) during the continuance of a Cash Dominion Event, the funds on deposit in the Collection Account shall be applied to the Obligations as provided in Section 2.05(f) or Section 8.03, as applicable. In the event that, notwithstanding the provisions of this Section 6.12, any Loan Party receives or otherwise has dominion and control of any such cash receipts or collections (other than any amounts in any Excluded Accounts), such receipts and collections shall be held in trust by such Loan Party for the Agent, shall not be commingled with any of such Loan Party’s other funds or deposited in any account of such Loan Party and shall, not later than the Business Day after receipt thereof, be deposited into the Collection Account or dealt with in such other fashion as such Loan Party may be instructed by the Agent. DB1/ 136748921.1136748921.3 -126- 6.13 Information Regarding the Collateral. Furnish to the Agent at least thirty (30) days after written notice of any change in: (i) any Loan Party’s name or in any trade name used to identify it in the conduct of its business or in the ownership of its properties; (ii) the location of any Loan Party’s chief executive office or its principal place of business; (iii) any Loan Party’s organizational type or jurisdiction of incorporation or formation; or (iv) any Loan Party’s Federal Taxpayer Identification Number or organizational identification number assigned to it by its state of organization. 6.14 Physical Inventories. (a) Cause not less than one (1) physical inventory to be undertaken with respect to the Loan Parties’ distribution centers and Store locations, at the expense of the Loan Parties, in each Fiscal Year (provided that at the Loan Parties’ option, periodic cycle counts may be performed in lieu of such annual physical inventory at its distribution centers or any Store locations), in each case consistent with past practices, conducted by such inventory takers as are satisfactory to the Agent and following such methodology as is consistent, as applicable, with the methodology used in the immediately preceding inventory or as otherwise may be satisfactory to the Agent. The Agent, at the expense of the Loan Parties, may participate in and/or observe each scheduled physical count of Inventory which is undertaken on behalf of any Loan Party.The Lead Borrower, within forty-five (45) days following the completion of such inventory, shall provide the Agent with a reconciliation of the results of such inventory (as well as of any other physical inventory or cycle counts undertaken by a Loan Party) to the extent that the results thereof reflect a material discrepancy from the Loan Parties’ stock ledger or general ledger and shall, in any event, post such results to the Loan Parties’ stock ledgers and general ledgers, as applicable. (b) Permit the Agent, in its discretion, if any Default or Event of Default exists, to cause additional such inventories to be taken as the Agent determines in its Permitted Discretion (each, at the expense of the Loan Parties). 6.15 Environmental Laws. (a) Conduct its operations and keep and maintain its Real Estate in compliance with all Environmental Laws; (b) obtain and renew all environmental permits reasonably necessary for its operations and properties; and (c) implement any and all investigation, remediation, removal and response actions that are reasonably required to comply with Environmental Laws pertaining to the presence, generation, treatment, storage, use, disposal, transportation or release of any Hazardous Materials on, at, in, under, above, to, from or about any of its Real Estate, except, in case of each of the foregoing causes, as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, provided, however, that neither a Loan Party nor any of its Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by proper proceedings and adequate reserves have been set aside and are being maintained by the Loan Parties with respect to such circumstances in accordance with GAAP. Nothing contained herein shall be deemed to limit the rights of the Agent with respect to establishing or modifying Reserves in the manner permitted by this Agreement. 6.16 Further Assurances. (a) Execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, amendments to financing statements and other documents), that may be required under any Law, or which the Agent may reasonably request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve, protect or perfect (to the extent required by, and subject to the
DB1/ 136748921.1136748921.3 -127- limitations set forth in, the Security Documents and this Agreement) the Liens created or intended to be created by the Security Documents or the validity or priority of any such Lien, all at the expense of the Loan Parties. The Loan Parties also agree to provide to the Agent, from time to time upon request, evidence satisfactory to the Agent as to the perfection and priority of the Liens created or intended to be created by the Security Documents. (b) If any material assets are acquired by any Loan Party after the Closing Date (other than assets constituting Collateral under the Security Documents that become subject to the perfected first-priority (subject only to Permitted Encumbrances having priority by operation of applicable law) Lien under the Security Documents upon acquisition thereof and other than Equity Interests in a Foreign Subsidiary or a Foreign Subsidiary Holding Company not required to be pledged pursuant to Section 6.11 hereof), notify the Agent thereof, and the Loan Parties will cause such assets to be subjected to a perfected Lien securing the Obligations and will take such actions as shall be reasonably necessary or shall be reasonably requested by any Agent to grant and perfect (to the extent required by, and subject to the limitations set forth in, the Security Documents and this Agreement) such Liens, including actions described in paragraph (a) of this Section 6.16, all at the expense of the Loan Parties. Notwithstanding the foregoing, the Loan Parties shall not be required to grant a mortgage in favor of the Agent on any owned Real Estate of any Loan Party. 6.17 Compliance with Terms of Leaseholds. Except as otherwise expressly permitted hereunder, (a) make all payments and otherwise perform all obligations in respect of all Leases to which any Loan Party or any of its Restricted Subsidiaries is a party, keep such Leases in full force and effect, (b) not allow such Leases to lapse or be terminated or any rights to renew such Leases to be forfeited or cancelled except to the extent such Lease is no longer used or useful in the conduct of the business of the Loan Parties in the ordinary course of business, consistent with past practices, (c) notify the Agent of any default by any party with respect to such Leases and cooperate with the Agent in all respects to cure any such default, and (d) cause each of its Restricted Subsidiaries to do the foregoing, except, in any case, where the failure to do so, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 6.18 Designation of Subsidiaries. The Board of Directors of Holdings may at any time designate any Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after such designation, no Default or Event of Default shall have occurred and be continuing, (ii) after giving effect to such designation, the Payment Conditions shall have been satisfied, (iii) none of the Borrowers may be designated as an Unrestricted Subsidiary, (iv) no Unrestricted Subsidiary shall own any Equity Interests in the Lead Borrower its Restricted Subsidiaries, (v) no Unrestricted Subsidiary shall hold any Indebtedness of, or any Lien on any property of, the Lead Borrower and its Restricted Subsidiaries, (vii) the holder of any Indebtedness of any Unrestricted Subsidiary shall not have any recourse to the Lead Borrower and its Restricted Subsidiaries with respect to such Indebtedness and (vii) no Unrestricted Subsidiary shall be a party to any transaction or arrangement with the Lead Borrower and its Restricted Subsidiaries that would not be permitted by Section 7.09. The designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by Holdings and its Restricted Subsidiaries therein at the date of designation in an amount equal to the net book value of Holdings’ or Restricted Subsidiary’s (as applicable) Investment therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time. DB1/ 136748921.1136748921.3 -128- 6.19 Sanctions. Not directly or, knowingly, indirectly, use any Credit Extension or the proceeds of any Credit Extension, or lend, contribute or otherwise make available such Credit Extension or the proceeds of any Credit Extension to any Person, to fund any activities of or business with any Person, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any Person (including any Person participating in the transaction, whether as Lender, Arranger, Agent, L/C Issuer or otherwise) of Sanctions. 6.20 Anti-Corruption Laws. Not directly or, knowingly, indirectly, use any Credit Extension or the proceeds of any Credit Extension for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977 or any applicable anti-corruption legislation in other jurisdictions. ARTICLE VII NEGATIVE COVENANTS So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than the Other Liabilities and contingent indemnification claims for which a claim has not been asserted), or any Letter of Credit shall remain outstanding (except to the extent fully Cash Collateralized or supported by another letter of credit in a manner reasonably satisfactory to the L/C Issuer and the Agent), no Loan Party shall, nor shall it permit any Restricted Subsidiary to, directly or indirectly: 7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired or sign or file or authorize under the UCC or any applicable Law or statute of any jurisdiction a financing statement that names any Loan Party or any Restricted Subsidiary thereof as debtor; sign or suffer to exist any security agreement authorizing any Person thereunder to file such financing statement; sell any of its property or assets subject to an understanding or agreement (contingent or otherwise) to repurchase such property or assets with recourse to it or any of its Restricted Subsidiaries; or assign or otherwise transfer any accounts or other rights to receive income or grant any Liens on its assets, other than, as to all of the above, Permitted Encumbrances. 7.02 Investments. Make any Investments, except Permitted Investments; provided that, if any such Permitted Investment is made in a Person who is not a Loan Party and includes Intellectual Property used or useful in connection with the Borrowing Base, the purchaser, assignee or other transferee thereof shall agree in writing to be bound by a non-exclusive royalty-free worldwide license of such Intellectual Property in favor of the Agent for use in connection with the exercise of the rights and remedies of the Credit Parties, which license shall be in form and substance reasonably satisfactory to the Agent.. 7.03 Indebtedness; Disqualified Stock. (a) (a) Create, incur, assume, guarantee, suffer to exist or otherwise become or remain liable with respect to, any Indebtedness, except Permitted Indebtedness, or (b) issue Disqualified Stock. 7.04 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person (including, in each case, pursuant to a Division) (or agree to do any of the foregoing), except that,
DB1/ 136748921.1136748921.3 -129- so long as no Default or Event of Default shall have occurred and be continuing prior to or immediately after giving effect to any action described below or would result therefrom: (a) any Subsidiary which is not a Loan Party may merge or consolidate with or into (i) a Loan Party, provided that the Loan Party shall be the continuing or surviving Person, or (ii) any one or more other Subsidiaries which are not Loan Parties, provided that when any Wholly-Owned Subsidiary is merging or consolidating with another Subsidiary, the Wholly-Owned Subsidiary shall be the continuing or surviving Person; (b) any Subsidiary which is a Loan Party may merge with or consolidate into any other Subsidiary which is a Loan Party or into a Borrower, provided that in any merger involving a Borrower, a Borrower shall be the continuing or surviving Person; (c) in connection with a Permitted Acquisition, any Subsidiary of a Loan Party may merge with or into or consolidate with any other Person or permit any other Person to merge with or into or consolidate with it; provided that (i) the Person surviving such merger shall be a Wholly-Owned Subsidiary of a Loan Party and such Person shall become a Loan Party in accordance with the provisions of Section 6.11 hereof, and (ii) in the case of any such merger to which any Loan Party is a party, such Loan Party is the surviving Person; and (d) any Subsidiary which is not a Borrower may liquidate or dissolve if the Lead Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Lead Borrower and is not materially disadvantageous to the Credit Parties. 7.05 Dispositions. Make any Disposition or enter into any agreement to make any Disposition, except Permitted Dispositions. 7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that each of the following shall be permitted: (a) each Subsidiary of a Loan Party may make Restricted Payments to any Loan Party (other than Holdings); (b) the Loan Parties and each Subsidiary may declare and make dividend payments or other distributions payable solely in the common stock or other common Equity Interests of such Person (in each case other than Disqualified Stock); (c) the Loan Parties may declare and pay cash dividends to Holdings in an amount not to exceed such amount as is necessary to permit Holdings to pay its proportionate share of: (i) reasonable and customary corporate and operating expenses (including reasonable out-of-pocket expenses for legal, administrative and accounting services provided by third parties, and compensation, benefits and other amounts payable to officers and employees in connection with their employment in the ordinary course of business), (ii) tax liabilities attributable to the taxable income of the Lead Borrower and its Subsidiaries for any taxable period in which the Lead Borrower and its Subsidiaries is a member of any affiliated, consolidated, combined or unitary group the common parent of which is Holdings, DB1/ 136748921.1136748921.3 -130- (iii) franchise fees or similar taxes and fees required to maintain its corporate existence and (iv) following a Qualifying IPO, any costs and expenses in connection with becoming or continuing to exist as a public company (including Public Company Costs). (d) any Loan Party may declare and pay cash dividends to Holdings not to exceed an amount necessary to permit Holdings to pay customary indemnities and reasonable ordinary course expenses attributable to Holdings, the Lead Borrower or its respective Subsidiaries to the Sponsor pursuant to the Sponsor Management Agreement; (e) so long as no Default or Event of Default then exists or would result therefrom, the Loan Parties and their Subsidiaries may make Restricted Payments in an amount not to exceed $5,000,000 (increasing to $20,000,000 in any fiscal year following a Qualifying IPO by the Borrower or any Parent Company) in the aggregate per Fiscal Year to Holdings to permit Holdings or its parent to repurchase, redeem or otherwise acquire Equity Interests issued by it (and, so long as no Default or Event of Default then exists or would result therefrom, Holdings may use the proceeds of such Restricted Payments for such purpose); (f) if the RP Conditions are satisfied, the Lead Borrower may declare or pay cash dividends to Holdings (and, so long as the RP Conditions are satisfied, Holdings may use the proceeds of such Restricted Payments to make Restricted Payments to the holders of Holdings’ Equity Interests); (g) the Third Amendment Effective Date Distribution; (h) Restricted Payments to Holdings or any Loan Party in connection with any IPO Reorganization Transaction; and (i) the declaration and payment of dividends on the Borrower’ common equity (or the payment of dividends to any Parent Company to fund a payment of dividends on such company’s common equity), following the first public offering of the Borrower’ common equity or the common equity of any Parent Company after the Closing Date that is a Qualifying IPO, in an amount not to exceed the greater of (a) 7.0% per annum of the net cash proceeds received by or contributed to the Borrower other than any public sale constituting an Excluded Contribution and (b) 6.0% per annum of the Market Capitalization at the time of declaration of such Restricted Payment; provided that no Event of Default pursuant to Section 8.01(a) or 8.01(f) (solely with respect to the Borrower) shall have occurred and be continuing or would result therefrom. 7.07 Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Junior Indebtedness, except (a) regularly scheduled or mandatory repayments, repurchases, redemptions or defeasances of (i) Permitted Indebtedness (other than Subordinated Indebtedness), (ii) Subordinated Indebtedness in accordance with the subordination terms thereof; provided that if any Specified Event of Default (or event, with the passage of time, the giving of notice or both would constitute a Specified Event of Default) then exists or would arise therefrom, the Loan Parties and their Subsidiaries may not utilize proceeds of Credit Extensions or Proceeds of Collateral to make any such repayments, repurchases, redemptions or defeasances described in this clause (a), (b) voluntary prepayments, repurchases, redemptions or defeasances of (i) Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness) as long as the Payment Conditions are satisfied, (ii) Subordinated Indebtedness in accordance with the
DB1/ 136748921.1136748921.3 -131- subordination terms thereof and as long as the Payment Conditions are satisfied, and (iii) [reserved]; and (c) Permitted Refinancings of any such Indebtedness. 7.08 Change in Nature of Business. (a) In the case of Holdings, engage in any line of business substantially different from the business conducted by Holdings on the Closing Date. (b) In the case of any Loan Party other than Holdings, engage in any line of business substantially different from the business conducted by the Loan Parties and their Subsidiaries on the Closing Date or any business substantially related or incidental thereto. 7.09 Transactions with Affiliates. Enter into, renew, extend or be a party to any transaction of any kind with any Affiliate of any Loan Party involving aggregate payments or consideration in excess of $3.0 million, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable, taken as a whole, to the Loan Parties or such Restricted Subsidiary as would be obtainable by the Loan Parties or such Restricted Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate or, if in the good faith judgment of the Board of Directors no comparable transaction is available with which to compare such transaction, such transaction is otherwise fair to the Loan Parties or such Restricted Subsidiary from a financial point of view, provided that the foregoing restriction shall not apply to: (a) (a) a transaction between or among the Loan Parties and one or more Restricted Subsidiaries or between or among Restricted Subsidiaries or, in any case, any entity that becomes a Restricted Subsidiary as a result of such transaction, (b) (b) transactions described on Schedule 7.09 hereto, (c) (c) advances for commissions, travel and other similar purposes in the ordinary course of business to directors, officers and employees, (d) (d) the payment of reasonable fees and out-of-pocket costs to directors and officers, and compensation and employee benefit arrangements paid to, and indemnities provided for the benefit of, directors, officers or employees of the Lead Borrower or any of its Restricted Subsidiaries, (e) (e) transactions among the Loan Parties and the Sponsor to the extent permitted pursuant to Section 7.06, (f) (f) as long as no Change of Control results therefrom, any issuances of securities of Holdings (other than Disqualified Stock and other Equity Interests not permitted hereunder) or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership plans (in each case in respect of Equity Interests in Holdings) of Holdings or any of its Subsidiaries, (g) (g) (i) Restricted Payments permitted by Section 7.06, and (ii) any Permitted Investment(s) or any acquisition otherwise permitted hereunder, (h) (h) transactions in which the Borrowers or any Restricted Subsidiary, as the case may be, delivers to the Agent a letter from an independent financial advisor stating that such transaction is fair to the Loan Parties or such Restricted Subsidiary from a financial point of view or stating that the terms, when taken as a whole, are not materially less favorable to the Loan Parties or the relevant DB1/ 136748921.1136748921.3 -132- Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Loan Parties or such Restricted Subsidiary with a Person that is not an Affiliate of the Loan Parties on an arm’s length basis, (i) (i) transactions with customers, clients, suppliers, contractors, joint venture partners or purchasers or sellers of goods or services, or transactions otherwise relating to the purchase or sale of goods or services, in each case in the ordinary course of business or consistent with industry practice and otherwise in compliance with the terms of this Agreement that are fair to the Loan Parties and the Restricted Subsidiaries, in the reasonable determination of the Board of Directors or the senior management of the Lead Borrower, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party, (j) (j) the issuance, sale or transfer of Equity Interests (other than Disqualified Stock) of the Lead Borrower or any parent company to any Person and the granting and performing of customary rights (including registration rights) in connection therewith, and any contribution to the capital of the Lead Borrower, (k) (k) payments by the Loan Parties or any Restricted Subsidiary made for any financial advisory, consulting, financing, underwriting or placement services or in respect of other investment banking activities, including in connection with acquisitions or divestitures, which payments are approved by, or made pursuant to arrangements approved by, a majority of the Board of Directors in good faith, (l) (l) (i) investments by Affiliates in securities of the Lead Borrower (and payment of reasonable out-of-pocket expenses incurred by such Affiliates in connection therewith) so long as the investment is being offered by the Lead Borrower generally to other investors on the same or more favorable terms and (ii) payments to Affiliates in respect of securities of the Lead Borrower contemplated in the foregoing subclause (i) or that were acquired from Persons other than the Lead Borrower and the Restricted Subsidiaries, in each case, in accordance with the terms of such securities, (m) (m) payments to or from, and transactions with, any joint venture or Unrestricted Subsidiary in the ordinary course of business or consistent with past practice, industry practice or industry norms (including, any cash management activities related thereto), (n) (n) any lease entered into between the Loan Parties or any Restricted Subsidiary, as lessee and any Affiliate of the Borrowers, as lessor, and any transaction(s) pursuant to that lease, which lease is approved by the Board of Directors or senior management of the Lead Borrower in good faith, (o) (o) intellectual property licenses in the ordinary course of business or consistent with industry practice, (p) (p) the payment of reasonable out-of-pocket costs and expenses relating to registration rights and indemnities provided to equity holders of the Lead Borrower or any parent company pursuant to the equity holders agreement or the registration rights agreement entered into on or after the Effective Date, (q) (q) transactions permitted by, and complying with, Section 7.04 solely for the purpose of (a) an IPO Reorganization Transaction, (b) forming a holding company or (c) reincorporating the Lead Borrower in a new jurisdiction,
DB1/ 136748921.1136748921.3 -133- (r) (r) transactions undertaken in good faith (as determined by the Board of Directors or certified by senior management of the Lead Borrower) for the purposes of improving the consolidated tax efficiency of the Borrowers and their Restricted Subsidiaries and not for the purpose of circumventing Articles VI and VII of this Agreement; so long as such transactions, when taken as a whole, do not result in a material adverse effect on the Liens on the Collateral granted by the Loan Parties in favor of the Credit Parties, when taken as a whole, in each case, as determined in good faith by the Board of Directors or certified by senior management of the Lead Borrower in an officer’s certificate, (s) (s) (i) transactions with a Person that is an Affiliate of the Lead Borrower (other than an Unrestricted Subsidiary) solely because the Loan Parties or any Restricted Subsidiary owns, directly or indirectly, Equity Interests in such Person and (ii) transactions with any Person that is an Affiliate solely because a director or officer of such Person is a director or officer of the Loan Parties, any Restricted Subsidiary or any parent company, (t) (t) (i) pledges and other transfers of Equity Interests in Unrestricted Subsidiaries and (ii) any transactions with an Affiliate in which the consideration paid consists solely of Equity Interests of the Lead Borrower or a parent company and (u) (u) the sale, issuance or transfer of Equity Interests (other than Disqualified Stock) of the Lead Borrower. 7.10 Burdensome Agreements. Enter into or permit to exist any Contractual Obligation (other than this Agreement or any other Loan Document or any Term Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments or other distributions to any Loan Party or to otherwise transfer property to or invest in a Loan Party or any Subsidiary, except for (x) at the time any Subsidiary becomes a Subsidiary of any Borrower, so long as such agreement was not entered into primarily in contemplation of such Person becoming a Subsidiary of such Borrower, (y) customary restrictions and conditions contained in agreements relating to the sale of all or a substantial part of the assets of any Subsidiary pending such sale, provided that such restrictions and conditions apply only to the Subsidiary to be sold and such sale is permitted hereunder or (z) customary provisions in leases and other contracts and agreements restricting the assignment thereof, (ii) of any Subsidiary to Guarantee the Obligations, (iii) of any Subsidiary to make or repay loans to a Loan Party, or (iv) of the Loan Parties or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person in favor of the Agent; provided, however, that this clause (iv) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under clauses (c) or (d) of the definition of Permitted Indebtedness solely to the extent any such negative pledge relates to the property financed by or the subject of such Indebtedness; (b) customary anti-assignment provisions in contracts restricting the assignment thereof or in contracts for the Disposition of any assets or any Subsidiary provided that the restrictions in any such contract shall apply only to the assets or Subsidiary that is to be Disposed of; or (c) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person unless such Lien is a Permitted Encumbrance. 7.11 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or knowing, indirectly, (a) to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose, or (b) for any purposes other than (i) the acquisition of working capital assets in the ordinary course of business, (ii) to finance Capital Expenditures, Permitted Investments and Restricted Payments of the Loan Parties, and (iii) for general corporate purposes, in each case to the extent not prohibited by applicable Law or the Loan Documents. DB1/ 136748921.1136748921.3 -134- 7.12 Amendment of Material Documents. Amend, modify or change in any manner materially adverse to the interests of the Lenders, as determined in good faith by the Lead Borrower (on the basis of such proposed amendments, modifications or changes taken as a whole), any term or condition of any Junior Indebtedness that is Material Indebtedness (other than (i) [reserved] or (ii) as a result of any Refinancing Indebtedness in respect thereof) without the consent of the Agent (which consent shall not be unreasonably withheld or delayed); provided, however, that no amendment, modification or change of any term or condition of any such Junior Indebtedness permitted by any subordination provisions set forth in the applicable Junior Indebtedness or any other stand-alone subordination agreement in respect thereof and, in each case consented to by the Agent shall be deemed to be materially adverse to the interests of the Lenders. 7.13 Fiscal Year; Accounting Changes. Change the Fiscal Year of any Loan Party without the prior written consent of the Agent, or change in any material respect the accounting policies or reporting practices of the Loan Parties (it being agreed that any change that materially affects the calculation of the Cost of Eligible Inventory included in the Borrowing Base or the calculation of the Consolidated Fixed Charge Coverage Ratio is such a change), except as required by GAAP and except that the Loan Parties may change their inventory valuation methods from the retail valuation method to the cost method of valuation of Inventory, provided that (i) the Loan Parties shall have provided the Agent with at least ten (10) days’ prior written notice of such change in method, and (ii) the Agent may, in its Permitted Discretion and at the Loan Parties’ expense, undertake an appraisal of the Loan Parties’ inventory after giving effect to the implementation of the cost method of valuation, as provided in the last sentence of Section 6.10(c). 7.14 Deposit Accounts; Credit Card Processors. Open new DDAs with a Blocked Account Bank (other than any Excluded Accounts and any disbursement accounts designated by the Lead Borrower and used solely for such purpose) or enter into any agreements with Credit Card Issuers or Credit Card Processors unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements or Credit Card Notifications, as applicable, consistent with the provisions of Section 6.12 and otherwise satisfactory to the Agent. Without the consent of the Agent (not to be unreasonably withheld or delayed), no Loan Party shall maintain any bank accounts with any Blocked Account Bank (other than any Excluded Accounts and any disbursement accounts designated by the Lead Borrower and used solely for such purpose) or enter into any agreements with Credit Card Issuers or Credit Card Processors other than the ones expressly contemplated herein or in Section 6.12 hereof. 7.15 Consolidated Fixed Charge Coverage Ratio. During the continuance of a Covenant Compliance Event, permit the Consolidated Fixed Charge Coverage Ratio, calculated as of the last day of each Fiscal Quarter (commencing with the Fiscal Quarter immediately prior to the date that the Covenant Compliance Event occurs) for the Measurement Period then ended, to be less than 1.00:1.00. ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 8.01 Events of Default. Any of the following shall constitute an “Event of Default”:
DB1/ 136748921.1136748921.3 -135- (a) Non-Payment. The Borrowers or any other Loan Party fails to pay when and as required to be paid herein, (i) any amount of principal on any Loan or any L/C Obligation, or deposit any funds as Cash Collateral in respect of L/C Obligations, (ii) any interest on any Loan or on any L/C Obligation, or any fee due hereunder within three (3) Business Days after the same becomes due, or (iii) any other amount (excluding Other Liabilities) payable hereunder or under any other Loan Document within five (5) Business Days after the due date thereof; or (b) Specific Covenants. Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 6.02(c) (after a three (3) Business Day grace period when required to be delivered monthly and two (2) Business Day grace period when required to be delivered weekly; provided that during such grace period the Borrowers shall not be permitted to make any Borrowings under this Agreement), 6.03(a), 6.05(a) (solely with respect to the Lead Borrower, other than in a transaction permitted under Section 7.04 or 7.05), 6.12 (during the continuance of a Cash Dominion Event, but otherwise subject to a three (3) Business Day grace period to the extent that such default is capable of being cured), Article VII (other than Section 7.15) or the Borrowers fail to perform or observe the covenant contained in Section 7.15; provided that an Event of Default pursuant to Section 7.15 shall not occur until the expiration of the Cure Deadline without the consummation of the Cure Right; or (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a), or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days, in each case, following receipt by the Lead Borrower of written notice from the Agent or the Required Lenders of any such failure; or (d) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith (including, without limitation, any Borrowing Base Certificate) shall be incorrect or misleading in any material respect when made or deemed made (or, if qualified by materiality in the text thereof, in any respect when made or deemed made); or (e) Cross-Default. Any Loan Party or any Restricted Subsidiary thereof (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Material Indebtedness, or (B) fails to observe or perform any other agreement or condition relating to any such Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Material Indebtedness or the beneficiary or beneficiaries of any Guarantee thereof (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity or such Guarantee to become payable or cash collateral in respect thereof to be demanded; provided, that, in the case of clause (B), a default under the Financial Covenants (as defined in the Term Loan Credit Agreement) in the Term Loan Credit Agreement shall not constitute a Default or Event of Default under this Agreement unless and until the earlier of (x) sixty (60) days after such default under the Term Loan Credit Agreement or (y) the lenders under the Term Loan Credit Agreement shall have accelerated the Term Loan Obligations and such acceleration shall not have been rescinded, or DB1/ 136748921.1136748921.3 -136- (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Restricted Subsidiaries institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or a proceeding shall be commenced or a petition filed, without the application or consent of such Person, seeking or requesting the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed and the appointment continues undischarged, undismissed or unstayed for sixty (60) calendar days or an order or decree approving or ordering any of the foregoing shall be entered; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or (g) Inability to Pay Debts; Attachment. (i) Any Loan Party or any Restricted Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due in the ordinary course of business, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within forty-five (45) days after its issuance or levy; or (h) Judgments. There is entered against any Loan Party or any Restricted Subsidiary thereof (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such final judgments and orders) exceeding $10,000,000 (to the extent not covered by independent third-party insurance as to which the insurer is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage), or (ii) any one or more non-monetary judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) such judgment is not, within thirty (30) days after the entry thereof, satisfied, vacated, discharged or execution thereof stayed or bonded pending appeal; or (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which results or could reasonably be expected to result in liability of any Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC and which could reasonably likely result in a Material Adverse Effect, or (ii) a Loan Party or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan, which could reasonably likely result in a Material Adverse Effect; or (j) Invalidity of Loan Documents. (i) Any provision of any Loan Document, at any time after its execution and delivery and for any reason (other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations), ceases to be in full force and effect; or any Loan Party or any Restricted Subsidiary thereof contests in writing in any manner the validity or enforceability of any material provision of any Loan Document; or any Loan Party or any Restricted Subsidiary thereof denies in writing that it has any or further liability or obligation under any material provision of any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document or seeks to avoid, limit or otherwise adversely affect any Lien purported to be created under any Security Document; or (ii) any Lien purported to be created under any Security Document shall cease to be, or shall be asserted in writing by any Loan Party or any Restricted Subsidiary thereof not to be, a valid and perfected
DB1/ 136748921.1136748921.3 -137- Lien on any material portion of the Collateral (to the extent required by the Security Documents and this Agreement) perfected Lien on any Collateral (other than an immaterial portion of the Collateral), with the priority required by the applicable Security Document (subject to Permitted Encumbrances); or (k) Change of Control. There occurs any Change of Control; or (l) [Reserved]; (m) Loss of Collateral. There occurs any uninsured loss to any of the Collateral, which loss could reasonably be expected to have a Material Adverse Effect; or (n) [Reserved]; (o) Guaranty. The termination, revocation or attempted termination or revocation in writing by any Loan Party of any Facility Guaranty except as expressly permitted hereunder or under any other Loan Document; or (p) Subordination. (i) The subordination or intercreditor provisions of the documents evidencing or governing any Subordinated Indebtedness (the “Subordination Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or (ii) any Borrower or any other Loan Party shall, directly or indirectly, disavow or contest in writing in any manner (A) the effectiveness, validity or enforceability of any of the Subordination Provisions, (B) that the Subordination Provisions exist for the benefit of the Credit Parties, or (C) that all payments of principal of or premium and interest on the applicable Subordinated Indebtedness, or realized from the liquidation of any property of any Loan Party, shall be subject to any of the Subordination Provisions. 8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Agent may, or, (i) at any time that there are only two (2) Lenders and a Specified Event of Default exists, at the request of any Lender (so long as such Lender is a Lender as of the Effective Date and maintains a Commitment not less than the Commitment of such Lender as of the Effective Date), or (ii) in all other circumstances, at the request of the Required Lenders, shall, take any or all of the following actions: (a) declare the Commitments of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such Commitments and obligations shall be terminated; (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other Obligations (excluding Other Liabilities not then due and payable) to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Loan Parties (to the extent permitted by applicable Law); (c) if so requested by the Required Lenders, require that the Loan Parties Cash Collateralize the L/C Obligations; and (d) whether or not the maturity of the Obligations shall have been accelerated pursuant hereto, proceed to protect, enforce and exercise all rights and remedies of the Credit Parties under this Agreement, any of the other Loan Documents or Law, including, but not DB1/ 136748921.1136748921.3 -138- limited to, by suit in equity, action at law or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in this Agreement and the other Loan Documents or any instrument pursuant to which the Obligations are evidenced, and, if such amount shall have become due, by declaration or otherwise, proceed to enforce the payment thereof or any other legal or equitable right of the Credit Parties; provided, however, that upon the occurrence of any Default or Event of Default with respect to any Loan Party or any Restricted Subsidiary thereof under Section 8.01(f), the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans, all interest accrued thereon and all other Obligations shall automatically become due and payable, and the obligation of the Loan Parties to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Agent or any Lender. No remedy herein is intended to be exclusive of any other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of Law. 8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Obligations have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received from any Loan Party, from the liquidation of any Collateral, or on account of the Obligations shall, subject to the provisions of Section 2.16, be applied by the Agent in the following order: First, to payment of that portion of the Obligations (excluding the Other Liabilities) constituting fees, indemnities (including indemnities due under Section 10.03 hereof), Credit Party Expenses and other amounts (including reasonable and documented fees, charges and disbursements of counsel to the Agent and amounts payable under Article III) payable to the Agent; Second, to payment of that portion of the Obligations (excluding the Other Liabilities) constituting indemnities (including indemnities due under Section 10.03 hereof), Credit Party Expenses, and other amounts (other than principal, interest and fees) payable to the Lenders and the L/C Issuer (including Credit Party Expenses to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them; Third, to the extent not previously reimbursed by the Lenders, to payment to the Agent of that portion of the Obligations constituting principal and accrued and unpaid interest on any Permitted Overadvances; Fourth, to the extent that Swing Line Loans have not been refinanced by a Revolving Loan, payment to the Swing Line Lender of that portion of the Obligations constituting principal and accrued and unpaid interest on the Swing Line Loans; Fifth, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Revolving Loans and L/C Borrowings, and fees (including Letter of Credit Fees and Commitment Fees), ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Fifth payable to them;
DB1/ 136748921.1136748921.3 -139- Sixth, to payment of that portion of the Obligations constituting unpaid principal of the Revolving Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Sixth held by them; Seventh, to the Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit; Eighth, to payment of all other Obligations (including without limitation the cash collateralization of unliquidated indemnification obligations as provided in Section 10.11, but excluding any Other Liabilities), ratably among the Credit Parties in proportion to the respective amounts described in this clause Eighth held by them; Ninth, to payment of that portion of the Obligations arising from Cash Management Services, ratably among the Credit Parties in proportion to the respective amounts described in this clause Ninth held by them; Tenth, to payment of all other Obligations arising from Bank Products, ratably among the Credit Parties in proportion to the respective amounts described in this clause Tenth held by them; and Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Loan Parties or as otherwise required by Law. Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Seventh above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. Excluded Swap Obligations with respect to any Loan Party shall not be paid with amounts received from such Loan Party, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Obligations otherwise set forth above in this Section 8.03. 8.04 Right to Cure. (a) Notwithstanding anything to the contrary contained in Section 8.01(b), in the event that the Borrowers fail to comply with the requirement of the Financial Covenant, Holdings or any other Person designated by the Borrowers shall have the right (1) at any time during the period beginning at the start of the last fiscal quarter of the applicable Measurement Period and ending on or prior to the tenth (10th) Business Day after the date on which financial statements with respect to the Measurement Period in which such covenant is being measured are required to be delivered pursuant to Section 6.01 or (2) within ten (10) Business Day after the beginning of a Covenant Compliance Event (such later date, the “Cure Deadline”), to make a direct or indirect equity investment in the Lead Borrower in cash in the form of common Equity Interests (or any other form reasonably acceptable to the Agent) (the “Cure Right”), and upon the receipt by the Lead Borrower of net cash proceeds pursuant to the exercise of the Cure Right (the “Cure Amount”), the Financial Covenant shall be recalculated, giving effect to a pro forma increase to Consolidated EBITDA for such Measurement Period in an amount equal to such Cure Amount; provided that such pro forma adjustment to Consolidated EBITDA shall be given solely for the purpose of determining the existence of a Default or an Event of Default under the Financial DB1/ 136748921.1136748921.3 -140- Covenant with respect to any Measurement Period that includes the fiscal quarter for which such Cure Right was exercised and not for any other purpose under any Loan Document. (b) If, after the receipt of the Cure Amounts and the recalculations pursuant to clause (2) above, the Borrowers shall then be in compliance with the requirements of the Financial Covenant during such Measurement Period, the Borrowers shall be deemed to have satisfied the requirements of the Financial Covenant as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable Default that had occurred shall be deemed cured; provided that (i) the Cure Right may be exercised on no more than five (5) occasions, (ii) in each four fiscal quarter period, there shall be at least two fiscal quarters in respect of which no Cure Right is exercised, (iii) with respect to any exercise of the Cure Right, the Cure Amount shall be no greater than the amount required to cause the Borrowers to be in pro forma compliance with the Financial Covenant (such amount, the “Necessary Cure Amount”) (provided that if the Cure Right is exercised prior to the date financial statements are required to be delivered for such fiscal quarter then the Cure Amount shall be equal to the amount reasonably determined by the Lead Borrower in good faith that is required for purposes of complying with the Financial Covenant for such fiscal quarter (such amount, the “Expected Cure Amount”), (iv) subject to clause (3) below, all Cure Amounts shall be disregarded for purposes of determining any baskets or financial ratio calculations (other than with respect to the Financial Covenant), with respect to the covenants contained in the Loan Documents and (v) there shall be no pro forma or other reduction in Indebtedness (by netting or otherwise) with the proceeds of any Cure Amount for determining compliance with the Financial Covenant for the fiscal quarter for which such Cure Amount is deemed applied unless such proceeds are actually applied to prepay Indebtedness. (c) Notwithstanding anything herein to the contrary, (A) to the extent that the Expected Cure Amount is (i) greater than the Necessary Cure Amount, then such difference may be used for the purposes of determining any baskets (other than any previously contributed Cure Amounts), with respect to the covenants contained in the Loan Documents and (ii) less than the Necessary Cure Amount, then not later than the applicable Cure Deadline, the Lead Borrower must receive a direct or indirect equity investment in cash in the form of common Equity Interests (or other forms reasonably acceptable to the Agent), which cash proceeds received by Lead Borrower shall be equal to the shortfall between such Expected Cure Amount and such Necessary Cure Amount and (B) prior to the Cure Deadline (x) the Lenders shall not be permitted to exercise any rights then available as a result of an Event of Default under Section 8.02 on the basis of a breach of the Financial Covenant so as to enable the Borrowers to consummate their Cure Rights as permitted under this Section 8.04 and (y) the Lenders shall not be required to make any Credit Extension unless and until the Lead Borrower has received the Cure Amount required to cause the Borrowers to be in compliance with the Financial Covenant. ARTICLE IX THE AGENT 9.01 Appointment and Authority. Each of the Lenders (in its capacity as a Lender), the Swing Line Lender and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the administrative agent and collateral agent hereunder and under the other Loan Documents and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof or thereof (including, without limitation, acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations), together with such actions and
DB1/ 136748921.1136748921.3 -141- powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Agent and the other Credit Parties, and no Loan Party or any Restricted Subsidiary thereof shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 9.02 Rights as a Lender. The Person serving as the Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Loan Parties or any Restricted Subsidiary or other Affiliate thereof as if such Person were not the Agent hereunder and without any duty to account therefor to the Lenders. 9.03 Exculpatory Provisions. The Agent or any Arranger, as applicable, shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Agent or the Arrangers, as applicable: (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is continuing; (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Agent to liability or that is contrary to any Loan Document or Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Loan Parties or any of its Affiliates that is communicated to or obtained by the Person serving as the Agent or any of its Affiliates in any capacity; and (d) shall not have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, to any Lender or any L/C Issuer, any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their Affiliates, that is communicated to, obtained or in the possession of, the Agent, Arranger or any of their Related Parties in any capacity, except for notices, reports and other documents expressly required to be furnished to the Lenders by the Agent herein. The Agent shall not be liable to any Credit Party for any action taken or not taken by it (i) with the Consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as DB1/ 136748921.1136748921.3 -142- shall be necessary, or as the Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence, bad faith or willful misconduct as determined by a final and non-appealable judgment of a court of competent jurisdiction. The Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until notice describing such Default or Event of Default is given to the Agent by the Loan Parties, a Lender or the L/C Issuer. In the event that the Agent obtains such actual knowledge or receives such a notice, the Agent shall give prompt notice thereof to each of the other Credit Parties. Upon the occurrence of a Default or an Event of Default, the Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Applicable Lenders. Unless and until the Agent shall have received such direction, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to any such Default or Event of Default as it shall deem advisable in the best interest of the Credit Parties. In no event shall the Agent be required to comply with any such directions to the extent that the Agent believes that its compliance with such directions would be unlawful. The Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Agent. 9.04 Reliance by Agent. The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including, but not limited to, any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the Agent may presume that such condition is satisfactory to such Lender or the L/C Issuer unless the Agent shall have received written notice to the contrary from such Lender or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Agent may consult with legal counsel (who may be counsel for any Loan Party), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 9.05 Delegation of Duties. The Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the
DB1/ 136748921.1136748921.3 -143- credit facilities provided for herein as well as activities as the Agent. The Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 9.06 Resignation of Agent. The Agent may at any time give written notice of its resignation to the Lenders, the L/C Issuer and the Lead Borrower. Upon receipt of any such notice of resignation, the Required Lenders (excluding, for purposes of this Section 9.06 only, any Lender who is also the Agent) shall have the right, in consultation with the Lead Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States and which shall, unless an Event of Default has occurred and is continuing at the time of such appointment, be reasonably acceptable to the Lead Borrower (whose consent shall not be unreasonably withheld or delayed). If no such successor shall have been so appointed by the Required Lenders (and accepted by the Lead Borrower in accordance with the terms above) and shall have accepted such appointment within thirty (30) days after the retiring Agent gives notice of its resignation, then the retiring Agent may on behalf of the Lenders and the L/C Issuer, appoint a successor Agent meeting the qualifications set forth above; provided that if the Agent shall notify the Lead Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any Collateral held by the Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the retiring Agent shall continue to hold such collateral security until such time as a successor Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through the Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a successor Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Lead Borrower and such successor. After the retiring Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Agent was acting as Agent hereunder. 9.07 Non-Reliance on Agent and Other Lenders. Each Lender and each L/C Issuer expressly acknowledges that none of the Agent nor any Arranger has made any representation or warranty to it, and that no act by the Agent or any Arranger hereafter taken, including any consent to, and acceptance of any assignment or review of the affairs of any Loan Party of any Affiliate thereof, shall be deemed to constitute any representation or warranty by the Agent or any Arranger to any Lender or each L/C Issuer as to any matter, including whether the Agent or any Arranger have disclosed material information in their (or their Related Parties’) possession. Each Lender and each L/C Issuer represents to the Agent and the Arrangers that it has, independently and without reliance upon the Agent, the Arrangers, any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis of, appraisal of, and investigation into, the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrowers hereunder. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Agent or any other Lender or any of their Related Parties DB1/ 136748921.1136748921.3 -144- and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties. Except as provided in Section 9.12, the Agent shall not have any duty or responsibility to provide any Credit Party with any other credit or other information concerning the affairs, financial condition or business of any Loan Party that may come into the possession of the Agent. Each Lender and each L/C Issuer represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender or L/C Issuer for the purpose of making, acquiring or holding commercial loans and providing other facilities set forth herein as may be applicable to such Lender or L/C Issuer, and not for the purpose of purchasing, acquiring or holding any other type of financial instrument, and each Lender and each L/C Issuer agrees not to assert a claim in contravention of the foregoing. Each Lender and each L/C Issuer represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender or such L/C Issuer, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities. 9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunning Manager or Arranger listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity as the Agent, a Lender or the L/C Issuer hereunder. 9.09 Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Agent shall have made any demand on the Loan Parties) shall be entitled and empowered, by intervention in such proceeding or otherwise (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuer, the Agent and the other Credit Parties (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer, the Agent, such Credit Parties and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer the Agent and such Credit Parties under Sections 2.03(i), 2.03(j), 2.09 and 10.04) allowed in such judicial proceeding; and (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such payments to the Agent and, if the Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the Agent any amount due for the reasonable compensation, expenses, disbursements
DB1/ 136748921.1136748921.3 -145- and advances of the Agent and its agents and counsel, and any other amounts due the Agent under Sections 2.09 and 10.04. Nothing contained herein shall be deemed to authorize the Agent to authorize or consent to or accept or adopt on behalf of any Credit Party any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Credit Party or to authorize the Agent to vote in respect of the claim of any Credit Party in any such proceeding. 9.10 Collateral and Guaranty Matters. The Credit Parties irrevocably authorize the Agent, at its option and in its discretion, (a) to release any Lien on any property granted to or held by the Agent under any Loan Document (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations for which no claim has been asserted and for Obligations collateralized pursuant to Section 10.11) and the expiration, termination or Cash Collateralization of all Letters of Credit (except to the extent fully Cash Collateralized or supported by another letter of credit in a manner reasonably satisfactory to the L/C Issuer and the Agent), (ii) that is Disposed of or to be Disposed of as part of or in connection with any Disposition permitted hereunder, or (iii) if approved, authorized or ratified in writing by the Applicable Lenders in accordance with Section 10.01; (b) to release any Lien on any Equity Interests of any Subsidiary of the Lead Borrower granted to or held by the Agent under the Security Agreement in the event that Rule 3-16 of Regulation S-X under applicable Securities Laws is amended, modified or interpreted by the SEC to require (or is replaced with another rule or regulation or any other law, rule or regulation is adopted, which would require) the filing with the SEC (or any other Governmental Authority) of separate financial statements of such Subsidiary due to the fact that such Subsidiary’s Equity Interests secure the Obligations, but only for so long as, and only to the extent, necessary to not be subject to such requirement; (c) to subordinate any Lien on any property granted to or held by the Agent under any Loan Document to the holder of any Lien on such property that is permitted by clause (h) of the definition of Permitted Encumbrances; and (d) to release any Guarantor from its obligations under any Facility Guaranty and each other applicable Loan Document if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at any time, the Applicable Lenders will confirm in writing the Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Facility Guaranty and each other applicable Loan Document pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Agent will, at the Loan Parties’ expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and Lien granted under the Security Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Facility Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10. 9.11 Notice of Transfer. DB1/ 136748921.1136748921.3 -146- The Agent may deem and treat a Lender party to this Agreement as the owner of such Lender’s portion of the Obligations for all purposes, unless and until, and except to the extent, an Assignment and Acceptance shall have become effective as set forth in Section 10.06. 9.12 Reports and Financial Statements. By signing this Agreement, each Lender: (a) agrees to furnish the Agent, at such frequency as the Agent may reasonably request, with a summary of all Other Liabilities due or to become due to such Lender. In connection with any distributions to be made hereunder, the Agent shall be entitled to assume that no amounts are due to any Lender on account of Other Liabilities unless the Agent has received written notice thereof from such Lender and if such notice is received, the Agent shall be entitled to assume that the only amounts due to such Lender on account of Other Liabilities is the amount set forth in such notice; (b) is deemed to have requested that the Agent furnish, and the Agent agrees to furnish, such Lender, promptly after they become available, copies of all Borrowing Base Certificates and financial statements required to be delivered by the Lead Borrower hereunder (c) is deemed to have requested that the Agent furnish, and the Agent agrees to furnish, such Lender, promptly after they become available, copies of all commercial finance examinations and appraisals of the Collateral received by the Agent (collectively, the “Reports”); (d) expressly agrees and acknowledges that the Agent makes no representation or warranty as to the accuracy of the Borrowing Base Certificates, financial statements or Reports, and shall not be liable for any information contained in any Borrowing Base Certificate, financial statement or Report; (e) expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agent or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’ personnel; (f) agrees to keep all Borrowing Base Certificates, financial statements and Reports confidential in accordance with the provisions of Section 10.07 hereof; and (g) without limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold the Agent and any such other Lender preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying Lender may reach or draw from any Report in connection with any Credit Extensions that the indemnifying Lender has made or may make to the Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a Loan or Loans; and (ii) to pay and protect, and indemnify, defend, and hold the Agent and any such other Lender preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including attorney costs) incurred by the Agent and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender. 9.13 Agency for Perfection.
DB1/ 136748921.1136748921.3 -147- Each Credit Party hereby appoints each other Credit Party as agent for the purpose of perfecting Liens for the benefit of the Credit Parties, in assets which, in accordance with Article 9 of the UCC or any other Law of the United States can be perfected only by possession or control. Should any Credit Party (other than the Agent) obtain possession or control of any such Collateral, such Credit Party shall notify the Agent thereof, and, promptly upon the Agent’s request therefor shall deliver such Collateral to the Agent or otherwise deal with such Collateral in accordance with the Agent’s instructions. 9.14 Indemnification of Agent. Without limiting the obligations of Loan Parties hereunder, the Lenders shall indemnify the Agent, any sub-agent thereof, the Swing Line Lender, the L/C Issuer and any Related Party, as the case may be ratably according to their Applicable Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Agent, any sub-agent thereof, the Swing Line Lender, the L/C Issuer and their Related Parties in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted to be taken by the Agent, any sub-agent thereof, the Swing Line Lender, the L/C Issuer and their Related Parties in connection therewith; provided, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Agent’s, any sub-agent’s, the Swing Line Lender’s, the L/C Issuer’s and their Related Parties’ bad faith, gross negligence or willful misconduct as determined by a final and non-appealable judgment of a court of competent jurisdiction. 9.15 Relation among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. 9.16 Recovery of Erroneous Payments. Without limitation of any other provision in this Agreement, if at any time the Agent makes a payment hereunder in error to any Lender or any other Credit Party, whether or not in respect of an Obligation due and owing by the Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Credit Party receiving a Rescindable Amount severally agrees to repay to the Agent forthwith on demand the Rescindable Amount received by such Credit Party in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Agent, at the greater of the Federal Funds Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation. Each Credit Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Agent shall inform each Credit Party promptly upon determining that any payment made to such Credit Party comprised, in whole or in part, a Rescindable Amount. Notwithstanding anything to the contrary herein or in any other Loan Document, the provisions of this paragraph are solely agreements among the Credit Parties and the Agent and shall not impose any obligations on the Borrowers or the other Loan Parties. ARTICLE X MISCELLANEOUS 10.01 Amendments, Etc. (a) Subject to Section 3.03(c) and except as otherwise set forth in this Agreement, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no Consent to any departure by any Loan Party therefrom, shall be effective unless in writing signed by the Agent, with the Consent of the Required Lenders, and the Lead Borrower or the DB1/ 136748921.1136748921.3 -148- applicable Loan Party, as the case may be, and each such waiver or Consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: (i) increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without the written Consent of such Lender; (ii) postpone any date fixed by this Agreement or any other Loan Document for (i) any scheduled payment (including the Maturity Date) or mandatory prepayment of principal, interest, fees or other amounts due hereunder or under any of the other Loan Documents without the written Consent of each Lender directly and adversely affected thereby, or (ii) any scheduled or mandatory reduction or termination of the Aggregate Commitments hereunder or under any other Loan Document, without the written Consent of each Lender directly and adversely affected thereby; (iii) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document to or for the account of any Lender, without the written Consent of each Lender directly and adversely affected thereby; provided, however, that only the Consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrowers to pay interest or Letter of Credit Fees at the Default Rate; (iv) change Section 2.13 or Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written Consent of each Lender; (v) change any provision of this Section or the definition of “Required Lenders” or any other provision hereof or of any Loan Document specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or under any other Loan Document or make any determination or grant any consent hereunder or thereunder, without the written Consent of each Lender; (vi) except as expressly permitted hereunder or under any other Loan Document, release, or limit the liability of, any Loan Party without the written Consent of each Lender; (vii) except for Permitted Dispositions or as provided in Section 9.10, release all or substantially all of the Collateral from the Liens of the Security Documents without the written Consent of each Lender; (viii) change the definition of the term “Borrowing Base” (or any component definition thereof, including, without limitation, advance rates, eligible asset classes and eligibility criteria), “Reserves,” “Availability Reserves,” or “Inventory Reserves” if, in any case, as a result thereof, the amounts available to be borrowed by the Borrowers would be increased without the written Consent of each Lender, provided that the foregoing shall not limit the Permitted Discretion of the Agent to change, establish or eliminate any Reserves or eligibility criteria as provided herein; (ix) modify the definition of the term “Permitted Overadvance” so as to increase the amount thereof or, except as otherwise provided in such definition, the time period
DB1/ 136748921.1136748921.3 -149- for which a Permitted Overadvance may remain outstanding without the written Consent of each Lender; and (x) except as expressly permitted herein or in any other Loan Document, subordinate the Obligations hereunder or under the other Loan Documents to any other Indebtedness without the written Consent of each Lender; and, provided further, that (i) no amendment, waiver or Consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or Consent shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or Consent shall, unless in writing and signed by the Agent in addition to the Lenders required above, affect the rights or duties of any Agent under this Agreement or any other Loan Document; and (iv) the Fee Letters may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) any Commitment of any Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender. (b) Notwithstanding anything to the contrary in this Agreement or any other Loan Document, (x) no provider or holder of any Bank Products or Cash Management Services shall have any voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider or holder of such agreements or products or the Obligations owing thereunder, nor shall the consent of any such provider or holder be required (other than in their capacities as Lenders, to the extent applicable) for any matter hereunder or under any of the other Loan Documents, including as to any matter relating to the Collateral or the release of Collateral or any Loan Party, and (y) any Loan Document may be amended and waived with the consent of the Agent at the request of the Lead Borrower without the need to obtain the consent of any other Lender if such amendment or waiver is delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure ambiguities or defects or (iii) to cause any Loan Document to be consistent with this Agreement and the other Loan Documents. (c) If any Lender (other than the Agent) does not Consent (a “Non-Consenting Lender”) to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the Consent of each Lender or each affected Lender and that has been approved by the Required Lenders, the Lead Borrower may replace such Non-Consenting Lender in accordance with Section 10.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by such Section (together with all other such assignments required by the Lead Borrower to be made pursuant to this paragraph). 10.02 Notices; Effectiveness; Electronic Communications. (a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and, with respect to electronic communications, except as DB1/ 136748921.1136748921.3 -150- provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: (i) if to the Loan Parties, the Agent, the L/C Issuer or the Swing Line Lender, to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and (ii) if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire. Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). (b) Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Agent that it is incapable of receiving notices under such Article by electronic communication. The Agent or the Lead Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. Unless the Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Loan
DB1/ 136748921.1136748921.3 -151- Party, any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Loan Parties’ or the Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to any Loan Party, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). (d) Change of Address, Etc. Each of the Loan Parties, the Agent, the L/C Issuer and the Swing Line Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the Lead Borrower, the Agent, the L/C Issuer and the Swing Line Lender. In addition, each Lender agrees to notify the Agent from time to time to ensure that the Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrowers or their securities for purposes of United States Federal or state securities laws. (e) Reliance by Agent, L/C Issuer and Lenders. The Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic Revolving Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Loan Parties even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Loan Parties, except to the extent such losses, costs, expenses or liabilities are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Person. All telephonic notices to and other telephonic communications with the Agent may be recorded by the Agent, and each of the parties hereto hereby consents to such recording. 10.03 No Waiver; Cumulative Remedies. No failure by any Credit Party to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided herein and in the other Loan Documents are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless of whether any Credit Party may have had notice or knowledge of such Default or Event of Default at the time. DB1/ 136748921.1136748921.3 -152- Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at Law in connection with such enforcement shall be instituted and maintained exclusively by, the Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided, however, that the foregoing shall not prohibit (a) the Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer or the Swing Line Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, or (c) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to the terms of Section 2.13); and provided, further, that if at any time there is no Person acting as Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b) and (c) of the preceding 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. 10.04 Expenses; Indemnity; Damage Waiver. (a) Costs and Expenses. The Borrowers shall pay all Credit Party Expenses. (b) Indemnification by the Loan Parties. The Loan Parties shall indemnify the Agent (and any sub-agent thereof), each other Credit Party, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless (on an after tax basis) from, any and all losses, claims, causes of action, damages, liabilities, settlement payments, costs, and related expenses (including the reasonable fees, charges and documented out-of-pocket disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or the administration of this Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit, any bank advising or confirming a Letter of Credit and any other Person seeking to enforce the rights of a Borrower, beneficiary, transferee, or assignee or Letter of Credit proceeds or the holder of an instrument or document related to any Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by any Loan Party or any of its Restricted Subsidiaries, or any Environmental Liability related in any way to any Loan Party or any of its Restricted Subsidiaries, (iv) any claims of, or amounts paid by any Credit Party to, a Blocked Account Bank or other Person which has entered into a control agreement with any Credit Party hereunder, or (v) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Loan Party or any of the Loan Parties’ directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Lead Borrower or any other Loan Party
DB1/ 136748921.1136748921.3 -153- against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Lead Borrower or such Loan Party has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) Waiver of Consequential Damages, Etc. To the fullest extent permitted by Law, the Loan Parties shall not assert, and hereby waive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. (d) Payments. All amounts due under this Section shall be payable on demand therefor. (e) Limitation of Liability. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and non-appealable judgment of a court of competent jurisdiction. (f) Survival. The agreements in this Section shall survive the resignation of any Agent, the L/C Issuer or the Swing Line Lender, the assignment of any Commitment or Loan by any Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations and the termination of this Agreement. 10.05 Payments Set Aside. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Loan Party for liquidation or reorganization or otherwise under any Debtor Relief Law, should any Loan Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver, interim receiver, trustee, monitor, custodian, conservator, liquidator, rehabilitator or similar officer be appointed for all or any significant part of any Loan Party’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a “voidable preference”, “fraudulent conveyance”, or otherwise, all as though such payment or performance had not been made. To the extent that any payment by or on behalf of the Loan Parties is made to any Credit Party, or any Credit Party 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 such Credit Party 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 and the L/C Issuer severally agrees to pay to the Agent upon demand its Applicable Percentage (without duplication) of any amount so recovered from or repaid by the 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 Federal Funds Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation plus any administrative, processing, or similar fees customarily charged by the Agent in DB1/ 136748921.1136748921.3 -154- connection with the foregoing. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 10.06 Successors and Assigns. (a) Successors and Assigns Generally. 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 Loan Party may assign or otherwise transfer any of its rights or obligations hereunder or under any other Loan Document without the prior written Consent of the Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of Section 10.06(b), (ii) by way of participation in accordance with the provisions of subsection Section 10.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.06(f) (and any other attempted assignment or transfer by any party hereto shall be null and void). 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 subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Credit Parties) any legal or equitable right, remedy or claim under or by reason of this Agreement. (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans (including for purposes of this Section 10.06(b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to the following conditions: (i) Minimum Amounts. (A) (1) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and Revolving Loans owing to it or (2) in the case of any assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, no minimum amount need be assigned; and (B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment or, if the Commitment is not then in effect, the principal outstanding balance of the Revolving 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 Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Agent and, so long as no Default or Event of Default has occurred and is continuing, the Lead Borrower otherwise consents (each such consent not to be unreasonably withheld, conditioned or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met; (i) (ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitments assigned, except that this clause (ii) shall not apply to the Swing Line Lender’s rights and obligations in respect of Swing Line Loans.
DB1/ 136748921.1136748921.3 -155- (ii) (iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: (A) the consent of the Lead Borrower shall be required (such consent not to be unreasonably withheld, conditioned or delayed; provided that after the passage of ten (10) Business Days from receipt of written notice to the Lead Borrower from the Agent of a proposed assignment without the Lead Borrower giving the Agent written notice of the Lead Borrower’s objection to such assignment, the Lead Borrower shall be deemed to have consented to such assignment) unless (1) a Default or Event of Default under Section 8.01(a) or 8.01(f) has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund with respect to such Lender; and (B) the consent of the Agent, the L/C Issuer and the Swing Line Lender (such consent not to be unreasonably withheld, conditioned or delayed) shall be required for assignments in respect of any Commitment if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender. (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, provided, however, that the Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it shall not be a Lender, shall deliver to the Agent an Administrative Questionnaire. (v) No Assignment to Certain Persons. No such assignment shall be made (1) (A) to any Person which is not an Eligible Assignee, (B) to any Defaulting Lender or any of its Subsidiaries or Affiliates, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) to a natural Person, or (2) if at the time of such assignment the Borrowers would be obligated to pay any greater amount under Article III to the assignee than the Borrowers is then obligated to pay to the assigning Lender under such Article (and if any assignment is made in violation of the foregoing, the Borrowers will not be required to pay such greater amounts). (vi) Certain Additional Payments. 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, the parties to the assignment shall make such additional payments to the Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or sub-participations, or other compensating actions, including funding, with the consent of the Lead Borrower and the 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 (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Agent, the L/C Issuer or any Lender hereunder (and interest accrued thereon) and (y) 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 Applicable Percentage. 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. DB1/ 136748921.1136748921.3 -156- Subject to acceptance and recording thereof by the Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, 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, and 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, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent 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’s having been a Defaulting Lender. Upon request of the assignee Lender, the Borrowers (at their expense) shall execute and deliver one or more Notes to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection 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 10.06(d). (c) Register. The Agent, acting solely for this purpose as an agent of the Borrowers (and such agency being solely for tax purposes), shall maintain at the Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). No assignment shall be effective unless it has been recorded in the Register pursuant to this Section 10.06(c). The entries in the Register shall be conclusive, absent manifest error, and the Loan Parties, the Agent and the Lenders 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 Lead Borrower and any Lender at any reasonable time and from time to time upon reasonable prior notice This Section 10.06(c) shall be construed so that the Obligations (excluding Other Liabilities) are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any regulations promulgated thereunder (and any other relevant or successor provisions of the Code or such regulations). (d) Participations. (i) Any Lender may at any time, without the consent of, or notice to, the Loan Parties or the Agent, sell participations to any Person (other than a natural person or the Loan Parties or any of the Loan Parties’ Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment, and/or the Revolving 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 Loan Parties, the Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any Participant shall agree in writing to comply with all confidentiality obligations set forth in Section 10.07 as if such Participant was a Lender hereunder. (ii) (ii) Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clauses (i) through (iv) and clauses (vi) and (vii) of the first proviso to Section 10.01 that affects such Participant. Subject to subsection (e)
DB1/ 136748921.1136748921.3 -157- of this Section, the Loan Parties agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.06(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.02 as though it were a Lender. (iii) (iii) Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register. (e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Lead Borrower’s prior written consent. A Participant shall not be entitled to the benefits of Section 3.01 unless the Lead Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Loan Parties, to comply with Section 3.01(e) as though it were a Lender. (f) Certain Pledges. Any Lender may, at any time and without consent of any Loan Party or the Agent, 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; 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. (g) Assignment to SPV. Notwithstanding any provision to the contrary, any Lender may assign to one or more special purpose funding vehicles (each, an “SPV”) all or any portion of its funded Loans (without the corresponding Commitment), without the consent of any Person or the payment of a fee, by execution of a written assignment agreement in a form agreed to by such Lender and such SPV, and may grant any such SPV the option, in such SPV’s sole discretion, to provide the Borrowers all or any part of any Loans that such Lender would otherwise be obligated to make pursuant to this Agreement. Such SPVs shall have all the rights which a Lender making or holding such Loans would have under this Agreement, but no obligations. The Lender making such assignment shall remain liable for all its original obligations under this Agreement, including its Commitment (although the unused portion thereof shall be reduced by the principal amount of any Loans held by an SPV). Notwithstanding such assignment, the Agent and Lead Borrower may deliver notices to the Lender making such assignment (as agent for the SPV) and not separately to the SPV unless the Agent and Lead Borrower are requested in writing by the SPV (or its agent) to deliver such notices separately to it. The Borrowers shall, at the reasonable request of any such Lender, execute and deliver to such Person as such DB1/ 136748921.1136748921.3 -158- Lender may designate, one or more Notes in the amount of such Lender’s original Notes to evidence the Loans of such Lender and related SPV. (h) Resignation as L/C Issuer or Swing Line Lender after Assignment or Resignation. Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, or resigns as Agent in accordance with the provisions of Section 9.06, Bank of America may, (i) upon thirty (30) days’ notice to the Lead Borrower and the Lenders, resign as L/C Issuer and/or (ii) with duplication of any notice required under Section 9.06, upon thirty (30) days’ notice to the Lead Borrower, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender, the Lead Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Lead Borrower to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Revolving Loans that are Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the 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 Revolving Loans that are Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c).Upon the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit, and (c) the successor Swing Line Lender shall repay all outstanding Obligations with respect to Swing Line Loans due to the resigning Swing Line Lender. 10.07 Treatment of Certain Information; Confidentiality. Each of the Credit Parties agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates, Approved Funds, and to its and its Affiliates’ and Approved Funds’ respective partners, directors, officers, employees, agents, funding sources, attorneys, advisors and representatives (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 regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority), (c) to the extent required by Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement (including any electronic agreement contained in any Platform) containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any Swap Contract relating to any Loan Party and its obligations, (g) with the prior written consent of the Lead Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to any Credit Party or any of their respective Affiliates on a non-confidential basis from a source other than the Loan Parties.
DB1/ 136748921.1136748921.3 -159- For purposes of this Section, “Information” means all information received from the Loan Parties or any Subsidiary thereof relating to the Loan Parties or any Subsidiary thereof or their respective businesses, other than any such information that is available to any Credit Party on a non-confidential basis prior to disclosure by the Loan Parties or any Subsidiary thereof. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information, provided it exercises not less than reasonable care. Each of the Credit Parties acknowledges that (a) the Information may include material non-public information concerning the Loan Parties or a Subsidiary, 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 Law, including Federal and state securities Laws. 10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing or if any Lender shall have been served with a trustee process or similar attachment relating to property of a Loan Party, each Lender, each Participant, the L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Agent or the Required Lenders, 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) (other than escrow, payroll, petty cash, trust and tax accounts) or other property at any time held and other obligations (in whatever currency) at any time owing by such Lender, such Participant, the L/C Issuer or any such Affiliate to or for the credit or the account of the Borrowers or any other Loan Party against any and all of the Obligations now or hereafter existing under this Agreement or any other Loan Document to such Lender or the L/C Issuer, regardless of the adequacy of the Collateral, and irrespective of whether or not such Lender or the L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrowers or such Loan Party may be contingent or unmatured or are owed to a branch or office of such Lender, such Participant, or the L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Agent for further application in accordance with the provisions of Section 2.16 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 Agent, the L/C Issuer and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each Participant, the L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify the Lead Borrower and the Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 10.09 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 Law (the “Maximum Rate”). If the Agent 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 and other Obligations (other than Other Liabilities not then due and owing) or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted for, charged, or received by the Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by 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, DB1/ 136748921.1136748921.3 -160- 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. 10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous letters of intent, commitment letters, agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Agent and when the Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy, or other electronic image scan transmission (e.g., “pdf” or “tif” via e-mail) shall be as effective as delivery of a manually executed counterpart of this Agreement. 10.11 Survival. 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 Credit Parties, regardless of any investigation made by any Credit Party or on their behalf and notwithstanding that any Credit Party may have had notice or knowledge of any Default or Event of 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 (other than the Other Liabilities and contingent indemnity obligations for which claims have not been asserted) hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. Further, the provisions of Sections 3.01, 3.04, 3.05 and 10.04 and Article IX shall survive and remain in full force and effect regardless of the repayment of the Obligations (other than contingent indemnity obligations for which claims have not been asserted), the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. In connection with the termination of this Agreement and the release and termination of the security interests in the Collateral, the Agent, in its Permitted Discretion, may require such indemnities and collateral security as it shall reasonably deem necessary or appropriate to protect the Credit Parties against (x) loss on account of credits previously applied to the Obligations that may subsequently be reversed or revoked, (y) any obligations that may thereafter arise with respect to the Other Liabilities, and (z) any Obligations that may thereafter arise under Section 10.04 hereof. 10.12 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 10.12, 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 Agent, the L/C Issuer or the Swing Line Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 10.13 Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrowers are required to pay any Indemnified Taxes or any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrowers may, at their sole expense and effort,
DB1/ 136748921.1136748921.3 -161- upon notice to such Lender and the Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: (a) the Borrowers shall have paid to the Agent the assignment fee specified in Section 10.06(b); (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees (except that accrued fees shall not be payable to a Defaulting Lender) and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); (c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and (d) such assignment does not conflict with Laws; and (e) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. 10.14 Governing Law; Jurisdiction; Etc. (a) GOVERNING LAW. This Agreement and the other Loan Documents and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance with, the law of the State of NEW yORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF. (b) SUBMISSION TO JURISDICTION. SUBJECT TO THE LAST SENTENCE OF THIS CLAUSE (B), EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST ANY OTHER PARTY HERETO (OR, IN THE CASE OF THE LOAN PARTIES, AGAINST ANY RELATED PARTY OF THE AGENT, ANY LENDER OR THE L/C ISSUER), IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY DB1/ 136748921.1136748921.3 -162- SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY CREDIT PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING TO ENFORCE ANY AWARD OR JUDGMENT RIGHT UNDER THE LOAN DOCUMENTS OR TO BRING ANY ACTION OR PROCEEDING TO ENFORCE ITS RIGHTS UNDER THE LOAN DOCUMENTS WITH RESPECT TO ANY COLLATERAL OR ANY OTHER PROPERTY OF ANY LOAN PARTY IN ANY OTHER FORUM IN WHICH JURISDICTION CAN BE ESTABLISHED. (c) WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY 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. 10.16 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby, the Loan Parties each acknowledge and agree that: (i) the credit facility provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Loan Parties, on the one hand, and the Credit Parties, on the other hand, and each of the Loan Parties is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, each Credit Party is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary, for the Loan Parties or any of
DB1/ 136748921.1136748921.3 -163- their respective Affiliates, stockholders, creditors or employees or any other Person; (iii) none of the Credit Parties has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Loan Parties with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any of the Credit Parties has advised or is currently advising any Loan Party or any of its Affiliates on other matters) and none of the Credit Parties has any obligation to any Loan Party or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Credit Parties 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 none of the Credit Parties has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Credit Parties have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and each of the Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each of the Loan Parties hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against each of the Credit Parties with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 10.17 Patriot Act Notice. Each Lender that is subject to the Patriot Act (as hereinafter defined) and the Agent (for itself and not on behalf of any Lender) hereby notifies the Loan Parties that pursuant to the requirements of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Agent, as applicable, to identify each Loan Party in accordance with Patriot Act. Each Loan Party is in compliance, in all material respects, with the Patriot Act. No part of the proceeds of the Loans will be used by the Loan Parties, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended, or the UK Bribery Act 2010. The Loan Parties shall, promptly following a request by the Agent or any Lender, provide all documentation and other information that the Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation. 10.18 Foreign Asset Control Regulations. None of the advance of the Loans, the issuance of any Letters of Credit or the use of the proceeds of any thereof will violate the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended) (the “Trading With the Enemy Act”) or any of the foreign assets control regulations of OFAC (31 CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)) (the “Executive Order”) and (b) the Patriot Act. Furthermore, none of the Borrowers or their Affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading With the Enemy Act or the Foreign Assets Control Regulations or (b) engages or will engage in any dealings or transactions, or otherwise associated, with any such “blocked person” or in any manner violative of any such order. DB1/ 136748921.1136748921.3 -164- 10.19 Time of the Essence. Time is of the essence of the Loan Documents. 10.20 Press Releases. (a) Each Credit Party executing this Agreement agrees that neither it nor its Affiliates will in the future issue any press releases or other public disclosure using the name of the Agent or its Affiliates or referring to this Agreement or the other Loan Documents without at least two (2) Business Days’ prior notice to the Agent and without the prior written consent of the Agent unless (and only to the extent that) such Credit Party or Affiliate is required to do so under applicable Law and then, in any event solely to the extent permitted by applicable Law, such Credit Party or Affiliate will consult with the Agent before issuing such press release or other public disclosure. (b) The Agent and each Lender agree that such Person shall not in the future issue any press releases or other public disclosure using the name of the Lead Borrower or its Subsidiaries without at least two (2) Business Days’ prior notice to the Agent and the Lead Borrower and without the prior written consent of the Agent and the Lead Borrower unless such Credit Party or Affiliate is required to do so under applicable Law or an Event of Default has occurred and is then continuing. Subject to the foregoing, each Loan Party consents to the publication by the Agent or any Lender of advertising material relating to the financing transactions contemplated by this Agreement using any Loan Party’s name, product photographs, logo or trademark with the Lead Borrower’s consent (to the extent required pursuant to the immediately preceding sentence), which consent (if so required) shall not be unreasonably withheld, conditioned or delayed; provided that after the passage of five (5) Business Days from receipt of written notice to the Lead Borrower from the Agent or any Lender of a proposed press release or other public disclosure without the Lead Borrower giving the Agent written notice of the Lead Borrower’s objection to such press release or other public disclosure, the Lead Borrower shall be deemed to have consented thereto); provided further that the Agent or such Lender shall provide a draft reasonably in advance of any advertising material to the Lead Borrower for review and comment prior to the publication thereof. The Agent reserves the right to provide to industry trade organizations information necessary and customary for inclusion in league table measurements. 10.21 Additional Waivers. (a) The Obligations are the joint and several obligation of each Loan Party. To the fullest extent permitted by Law, the obligations of each Loan Party shall not be affected by (i) the failure of any Credit Party to assert any claim or demand or to enforce or exercise any right or remedy against any other Loan Party under the provisions of this Agreement, any other Loan Document or otherwise, (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement or any other Loan Document, (iii) the failure to perfect any security interest in, or the release of, any of the Collateral or other security held by or on behalf of the Agent or any other Credit Party, or (iv) any default, failure or delay, willful or otherwise, in the performance of any of the Obligations, or by any other act or omission that may or might in any manner or to any extent vary the risk of any Loan Party or that would otherwise operate as a discharge of any Loan Party as a matter of law or equity (other than the payment in full in cash of all the Obligations after the termination of the Commitments). The obligations of each Loan Party shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the payment in full in cash of the Obligations after the termination of the Commitments), including any claim of waiver, release, surrender, alteration or compromise of any of the Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Obligations or otherwise.
DB1/ 136748921.1136748921.3 -165- (b) To the fullest extent permitted by applicable Law, each Loan Party waives any defense based on or arising out of any defense of any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any other Loan Party, other than the payment in full in cash of all the Obligations and the termination of the Commitments. The Agent and the other Credit Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or non-judicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with any other Loan Party, or exercise any other right or remedy available to them against any other Loan Party, without affecting or impairing in any way the liability of any Loan Party hereunder except to the extent that all of the Obligations have been indefeasibly paid in full in cash and the Commitments have been terminated. To the extent permitted by applicable Law, each Loan Party waives any defense arising out of any such election even though such election operates, pursuant to applicable Law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Loan Party against any other Loan Party, as the case may be, or any security. (c) Upon payment by any Loan Party of any Obligations, all rights of such Loan Party against any other Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior payment in full in cash of all of the Obligations and the termination of the Commitments. In addition, any indebtedness of any Loan Party now or hereafter held by any other Loan Party is hereby subordinated in right of payment to the prior payment in full of the Obligations and no Loan Party will demand, sue for or otherwise attempt to collect any such indebtedness. If any amount shall erroneously be paid to any Loan Party on account of (i) such subrogation, contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of any Loan Party, such amount shall be held in trust for the benefit of the Credit Parties and shall forthwith be paid to the Agent to be credited against the payment of the Obligations, whether matured or unmatured, in accordance with the terms of this Agreement and the other Loan Documents. Subject to the foregoing, to the extent that any Borrower shall, under this Agreement as a joint and several obligor, repay any of the Obligations constituting Loans made to another Borrower hereunder or other Obligations incurred directly and primarily by any other Borrower (an “Accommodation Payment”), then the Borrower making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Borrowers in an amount, for each of such other Borrowers, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Borrowers. As of any date of determination, the “Allocable Amount” of each Borrower shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Borrower hereunder without (a) rendering such Borrower “insolvent” within the meaning of Section 101 (32) of the Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (b) leaving such Borrower with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA, or (c) leaving such Borrower unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA. (d) Without limiting the generality of the foregoing, or of any other waiver or other provision set forth in this Agreement, each Loan Party hereby absolutely, knowingly, unconditionally, and expressly waives any and all claim, defense or benefit arising directly or indirectly under any one or more of Sections 2787 to 2855 inclusive of the California Civil Code or any similar law of California. 10.22 No Strict Construction. DB1/ 136748921.1136748921.3 -166- The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Agreement. 10.23 Attachments. The exhibits and schedules attached to this Agreement are incorporated herein and shall be considered a part of this Agreement for the purposes stated herein, except that in the event of any conflict between any of the provisions of such exhibits and schedules and the provisions of this Agreement, the provisions of this Agreement shall prevail. 10.24 Electronic Execution of Assignments and Certain Other Documents. (a) The words “execute,” “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, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Agent, 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; provided that notwithstanding anything contained herein to the contrary the Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Agent pursuant to procedures approved by it. (b) This Agreement and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement (each a “Communication”), including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures. Each of the Loan Parties agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on each of the Loan Parties to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation each of the Loan Parties enforceable against such in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered.Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Agent and each of the Credit Parties of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Agent and each of the Credit Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of the such Person’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, the Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the
DB1/ 136748921.1136748921.3 -167- Agent pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Agent has agreed to accept such Electronic Signature, the Agent and each of the Credit Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification and (b) upon the request of the Agent or any Lender, any Electronic Signature shall be promptly followed by such manually executed counterpart. For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. 10.25 Keepwell. Each Loan Party that is a Qualified ECP Guarantor at the time the guaranty set forth in the Facility Guaranty or the grant of a security interest under the Loan Documents, in each case, by any Specified Loan Party becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under the Facility Guaranty voidable under applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 10.25 shall remain in full force and effect until the Obligations have been indefeasibly paid in full. Each Loan Party intends this Section to constitute, and this Section 10.25 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 10.26 Acknowledgment and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or L/C Issuer that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down And Conversion Powers of an applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an Affected Financial Institution; and (b) the effects of any Bail-in Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or DB1/ 136748921.1136748921.3 -168- (iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any applicable Resolution Authority. 10.27 Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract 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 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) (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. 10.28 Amendment and Restatement. This Agreement is an amendment and restatement of the Existing Credit Agreement, it being acknowledged and agreed that as of the Effective Date all obligations outstanding under or in connection with the Existing Credit Agreement and any of the other Loan Documents (such obligations, collectively, the “Existing Obligations”) constitute obligations under this Agreement. This Agreement is in no way intended to constitute a novation of the Existing Credit Agreement or the Existing Obligations. With respect to (i) any date or time period occurring and ending prior to the Effective Date, the Existing Credit Agreement and the other Loan Documents shall govern the respective rights and obligations of any party or parties hereto also party thereto and shall for such purposes remain in full force and effect; and (ii) any date or time period occurring or ending on or after the Effective Date, the rights and obligations of the parties hereto shall be governed by this Agreement (including, without limitation, the exhibits and schedules hereto) and the other Loan Documents. From and after the Effective Date, any reference to the Existing Credit Agreement in any of the other Loan Documents executed or issued by and/or delivered to any one or more parties hereto pursuant to or in connection therewith shall be deemed to be a reference to this Agreement, and the provisions of this Agreement shall prevail in the event of any conflict or inconsistency between such provisions and those of the Existing Credit Agreement.
DB1/ 136748921.1136748921.3 -169- 10.29 ABL Intercreditor Agreement. Each of Loan Parties, the Agent, the L/C Issuers and the Lenders acknowledge that the exercise of certain of the Agent’s rights and remedies hereunder and under the other Loan Documents may be subject to, and restricted by, the provisions of the ABL Intercreditor Agreement. Except as specified herein, nothing contained in the ABL Intercreditor Agreement shall be deemed to modify any of the provisions of this Agreement and the other Loan Documents, which, as among the Loan Parties, the Agent, the L/C Issuers and the Lenders shall remain in full force and effect. In the event of any conflict between the terms of the ABL Intercreditor Agreement and the terms of this Agreement, the terms of the ABL Intercreditor Agreement shall govern and control. [remainder of page intentionally left blank; signature pages follow] DB1/ 136724199.3 Annex B Updated Exhibit to Credit Agreement EXHIBIT A FORM OF REVOLVING LOAN NOTICE Date: ___________, _____ To: Bank of America, N.A., as Agent Ladies and Gentlemen: Reference is made to the Amended and Restated Credit Agreement dated as of October 23, 2017 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Credit Agreement”) by, among others, (i) Torrid LLC, a California limited liability company, for itself and as Lead Borrower (in such capacity, the “Lead Borrower”) for the other Borrowers party thereto from time to time (together with the Lead Borrower, individually, a “Borrower” and, collectively, the “Borrowers”), (ii) the Borrowers party thereto from time to time, (iii) Torrid Intermediate LLC, a Delaware limited liability company (TORRID INC., a Delaware corporation, “Holdings”), and the other Guarantors party thereto from time to time, (iv) Bank of America, N.A., as administrative agent and collateral agent (in such capacities, the “Agent”) for its own benefit and the benefit of the other Credit Parties referred to therein, (v) Bank of America, N.A., as Swing Line Lender and L/C Issuer, and (vi) the lenders from time to time party thereto (individually, a “Lender” and, collectively, the “Lenders”). All capitalized terms used herein and not otherwise defined shall have the same meaning herein as in the Credit Agreement. 8. The Lead Borrower hereby requests (select one)1: □ a Borrowing of: □ Base Rate Loans □ Term SOFR Loans □ a conversion of □ Base Rate Loans □ Term SOFR Loans from one Type to the other □ a continuation of Term SOFR Loans: (a) On ___________________ (a Business Day)2 1 A Borrowing must be a borrowing consisting of simultaneous Loans of the same Type and, in the case of Term SOFR Loans, must have the same Interest Period. 2 Each notice of a Borrowing must be received by the Agent not later than 1:00 p.m. (i) three Business Days prior to the requested date of any Borrowing of, Conversion to or continuation of Term SOFR Loans or of any Conversion of Term SOFR Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate Loans.
DB1/ 136724199.3 3 (b) In the amount of $_____________________3 (c) Comprised of [Base Rate][Term SOFR] Loans (Type of Revolving Loan)4 (d) For Term SOFR Loans: with an Interest Period of ____ months5 The Lead Borrower hereby represents and warrants (for itself and on behalf of the other Borrowers) that (a) the Borrowing requested herein complies with Section 2.02 and the other provisions of the Credit Agreement and (b) the conditions specified in Sections 4.01 and 4.02 of the Credit Agreement have been satisfied on and as of the date specified in Item 1(a) above. [signature page follows] 3 Each Borrowing, conversion to, or continuation of Term SOFR Loans must be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or Conversion to Base Rate Loans shall be in such minimum amounts as the Agent may require. 4 Revolving Loans may be either Base Rate Loans or Term SOFR Loans. If the Type of Revolving Loan is not specified, then the applicable Revolving Loans will be made as Base Rate Loans. 5 The Lead Borrower may request a Borrowing of Term SOFR Loans with an Interest Period of one, three or six (or, to the extent available to all Lenders, twelve) months. If no election of Interest Period is specified, then the Lead Borrower will be deemed to have specified an Interest Period of one month. After giving effect to all Revolving Borrowings, all Conversions of Revolving Loans from one Type to the other, and all continuations of Revolving Loans as the same Type, there shall not be more than five (5) Interest Periods in effect with respect to Term SOFR Loans. DB1/ 136724199.3 Dated as of the date above first written. TORRID LLC, as Lead Borrower By: ____________________________________ Name: ____________________________________ Title: ____________________________________