生效日期為2024年3月8日的第3號信用證協議增量事實修正案(“增量修正案”)由LIVANVA PLC(一家根據英格蘭和威爾士法律註冊成立的公司)、LIVANVA USA,INC.一家特拉華州公司(“借款人”),本協議簽署頁“第三次增量修訂循環貸款人”標題下列出的各實體,(各為“第三次遞增修訂循環貸款人”,統稱為“第三次遞增修訂循環貸款人”),GOLDMAN SACHS Bank USA作為第一留置權行政代理人,(僅以該身份,“第一留置權管理代理人”)、本協議的定期貸款人一方、髮卡銀行、Swingline貸款人以及(僅就本協議第7和9條而言)截至本協議日期的其他貸款方。 備註:請參閲日期為2021年8月13日的信貸協議,(經日期為2021年12月24日的第1號修正案、日期為2022年2月24日的第1號增量修正案、日期為2022年3月16日的第2號修正案和日期為7月6日的第2號增量修正案修訂,於2022年12月22日,以及在本協議日期前經進一步修訂、重述、修訂及重述、補充或以其他方式修訂的“現有首份留置權信貸協議”及(經本增量修訂修訂的“經修訂首份留置權信貸協議”),由控股、借款人、貸款人、髮卡銀行及Swingline貸款人不時訂立,第一留置權管理代理人和第一留置權抵押代理人;第一留置權擔保代理人的意圖是:(a)借款人將獲得本金總額為225,000,000美元的額外/替代循環承諾(“第三次遞增修訂循環承擔”;及其總額“第三次遞增修訂循環融資”;及,其項下的貸款(“第三次增量修訂循環貸款”),本金額載於本協議附表一“第三次增量修訂循環貸款”標題下,(b)第三次增量修訂循環貸款項下的借貸所得款項將用於一般企業用途及營運資金用途,(c)第三次遞增修訂循環承諾將完全取代緊接第三次遞增修訂生效日期前現有第一次留置權信貸協議項下尚未完成的循環承諾,(d)現有第一留置權信貸協議的若干條文將按經修訂的第一留置權信貸協議的規定予以修訂;根據現有第一留置權信貸協議的條款及條件,以及根據現有第一留置權信貸協議第2.20條及第9.02條,借款人已要求(a)第三增量修訂循環貸款人將向借款人提供第三增量修訂循環承諾,以及(b)以本協議規定的方式修訂現有的第一留置權信貸協議;以及


鑑於,(I)第三增量修正循環貸款人願意在第三增量修正生效日向借款人提供第三增量修正循環承諾,及(Ii)本協議各方希望根據本協議及經修訂的第一留置權協議所載的條款及條件修訂現有的第一留置權協議。因此,現在,考慮到本協議所載的相互協議和其他良好和有價值的對價,雙方同意如下:第1節。定義的術語;解釋等。本文中使用的和未定義的大寫術語應具有修訂後的第一留置權信貸協議中賦予這些術語的含義。這項遞增修正案是“遞增貸款修正案”和“第一留置權貸款文件”,每一項都是修訂後的第一留置權信貸協議中所界定的。第二節第三次增量修正案循環貸款。(A)每個第三增量修正循環貸款人特此同意,按照本協議和修訂後的第一留置權信貸協議中的條款,在第三增量修正生效日向借款人提供第三增量修正循環承諾,本金總額等於本協議附件I中與該第三增量修正循環貸款人名稱相對的金額,並受下列條件的約束。第三項增量修正案循環承諾是現有第一留置權信貸協議第2.20節所設想的“額外/替代循環承諾”。就經修訂第一留置權信貸協議及其他第一留置權貸款文件而言,第三次增量修訂循環承諾及任何第三次增量修訂循環貸款應分別視為經修訂第一留置權信貸協議所界定的“循環承諾”及“循環貸款”,並將取代緊接第三次增量修訂生效日期之前未償還的循環承諾。為免生疑問,第三次增量修正案循環貸款應始終以保證定期貸款的相同資產和財產上的留置權作為擔保,這些留置權應享有同等優先權,並應由為定期貸款提供擔保的同一人擔保。(B)每個第三增量修正案循環貸款人(I)確認已向該第三增量修正案循環貸款人提供了現有的第一留置權信貸協議、經修訂的第一留置權信貸協議和其他適用的第一留置權貸款文件的副本,以及其中提及的財務報表的副本和它認為適當的其他文件和資料,以作出其自己的信用分析和決定,以訂立本增量修正案和作出第三增量修正案循環承諾;(Ii)同意(連同其認為適當時透過其行事的任何附屬公司)在不依賴第一留置權行政代理或任何其他貸款人或代理人的情況下,並根據其當時認為適當的文件和資料,繼續自行作出接受或不接受信貸的決定


3根據現有優先留置權信貸協議、經修訂的優先留置權信貸協議或其他適用的優先留置權貸款文件(包括本增量修訂)採取的行動;(iii)委任並授權第一留置權管理代理人及第一留置權抵押代理人代表其採取代理人的行動,並行使現有第一留置權信貸協議項下的權力,經修訂的第一留置權信貸協議和其他第一留置權貸款文件,這些文件的條款授權給第一留置權行政代理人和第一留置權抵押代理人(視屬何情況而定),連同合理附帶的權力;及(iv)確認並同意,在第三次增量修訂生效日期,該第三次增量修訂循環計劃應根據並就所有目的而言,現有優先留置權信貸協議、經修訂的優先留置權信貸協議和其他優先留置權貸款文件,並受其條款約束,並應履行其下的承租人和附加循環承租人的所有義務和所有權利。 (c)各發卡行特此同意作為“髮卡行”,各Swingline貸款人同意作為第三次增量修訂循環貸款項下的“Swingline貸款人”。 第3款.第一份留置權信用協議修訂。 現對現有的第一留置權信用協議進行修訂,刪除的文本(以與以下示例相同的文本表示:刪除的文本),並增加雙下劃線文本(以與以下示例相同的文本表示:雙下劃線文本),如附件A所示。 各第三次增量修訂循環銀行、各發卡銀行、各擺動行和各期限協議方特此同意根據本增量修訂和經修訂的第一留置權信用協議中規定的條款和條件,對本協議和其中規定的現有第一留置權信用協議進行修訂,但須理解,任何與第三次遞增修訂循環承擔條文無關的修訂將被視為緊隨該條文後作出。 除本增量修訂明確規定外,第三次增量修訂循環承諾及第三次增量修訂循環貸款應受經修訂的第一留置權信貸協議及其他第一留置權貸款文件的規定規限。 第4款.修正案的類型。 借款人和第一留置權管理代理人特此同意,根據他們的合理意見,本協議項下和附件A中所列的所有修改對於實施現有第一留置權信貸協議第2.20條的規定是必要的。 第5款.第三次遞增修正循環承諾的先決條件。 本增量修訂及每項第三次增量修訂循環承諾根據本增量修訂作出第三次增量修訂循環承諾的責任將於下列先決條件獲達成或豁免之日(該日,“第三次增量修訂生效日期”)生效:


4(A)控股或其受限制附屬公司須已發行可換股或可交換票據(“2024可交換票據”),以贖回、購回或再融資全部或部分2020年可交換票據。(B)第一留置權行政代理(或其律師)應已收到一份本遞增修正案的副本(可包括本遞增修正案的已簽署副本的傳真或其他電子傳輸),其代表控股公司、借款人和每一其他貸款方、第三遞增修正案循環貸款人、每一開證行、每家Swingline貸款人和每一定期貸款方簽署,共同構成所需貸款人。(C)第一留置權行政代理人應已收到(致第一留置權行政代理人和第三增量修正案循環貸款人的,日期為第三增量修正案生效日期)以下各方的書面意見:(I)貸款當事人的紐約律師Cleary Gottlieb Steen&Hamilton LLP,(Ii)貸款當事人的英國律師Cleary Gottlieb Steen&Hamilton LLP,(Iii)貸款當事人的特拉華州律師Young Conaway Stargatt&Taylor LLP和(Iv)貸款當事人的加州律師Proskauer Rose LLP,每一案件的形式和實質都令第一留置權行政代理人合理滿意。各借款方特此要求該律師提出上述意見。(D)第一留置權行政代理人應已收到每一借款方的證書,日期為第三次增量修正案生效日期,其形式和實質合理地令第一留置權行政代理人滿意,並由該借款方的任何負責人員簽署,幷包括或附上本增量修正案第5(E)節所指的文件或證明(視情況而定)。(E)第一留置權管理代理人應已收到(I)就每一借款方而言,(X)該借款方的每份組織文件的副本,在適用的範圍內,由適用的政府當局在最近的日期予以證明,或(Y)該借款方的祕書、助理祕書或其他負責官員的書面證明,證明該借款方的組織文件在第三次遞增修正生效日期之前根據第一次留置權貸款文件經認證並交付給第一留置權行政代理人,在第三次遞增修正生效日期仍然完全有效,且自最初交付以來未作任何修改或修改。(Ii)對於每個借款方,(X)簽署其所屬第一留置權貸款文件的借款方負責人員的簽字和在任證書,或(Y)該借款方的祕書、助理祕書或其他負責人員的書面證明,證明該借款方根據第一留置權貸款文件在第三個增量修訂生效日期之前最近一次交付給第一留置權行政代理的簽名和在任證書在第三個增量修訂生效日期時保持真實和正確,(Iii)每一借款方董事會和/或類似管理機構批准和授權執行、交付和履行本增量修正案的決議的副本,以及該借款方所屬的任何相關的第一留置權貸款文件,經該借款方的祕書、助理祕書或負責人證明在第三次增量修正案生效之日是完全有效的,未作任何修改或修改;及(Iv)一份良好的常設證書(如果存在此類概念的話)


5.各貸款方在合理的最近日期成立、組織或組建的司法管轄區的適用政府機構。 (f)第一留置權管理代理人應已收到(或在第三次增量修訂生效日期提供第三次增量修訂循環承諾的同時,應收取)根據借款人和美國高盛銀行之間日期為2024年2月8日的特定業務約定函,在第三次增量修訂生效日期須支付的所有費用,以及償還所有需要在第三次增量修訂生效日期或之前報銷或支付的合理且有記錄的實付費用(包括第一留置權行政代理人和第三增量修訂循環貸款人律師的合理費用和開支),在每種情況下,在第三次增量修訂生效日期前至少三(3)個工作日開具發票的範圍內。 (g)第一留置權管理代理人和第三增量修訂循環貸款人應已收到(A)合理書面要求的關於借款人和其他貸款方的所有文件和其他信息至少十(10)第一留置權行政代理人及各第三次遞增修訂循環貸款人的第三次遞增修訂生效日期前的營業日根據適用的"瞭解您的客户"和反洗錢規則和條例,包括《美國愛國者法》和(B)借款人根據《受益所有權條例》有資格作為"法人實體客户",以及在第三次增量修訂生效日期前至少十(10)個工作日書面要求的情況下,實質上採用修訂後信貸協議附件X形式的實益所有權證書。 (h)第一留置權貸款文件中所載各貸款方的陳述和保證,在第三個增量修訂生效日期及截至該日期的所有重大方面均為真實和正確;但在每種情況下,只要該等陳述和保證具體提及較早日期,則該等陳述和保證在該較早日期的所有重大方面均為真實和正確;此外,在每種情況下,關於“重要性”、“重大不利影響”或類似語言的任何聲明和保證,在第三次增量修訂生效日期當日或當日(視情況而定)在各方面均為真實和正確。 (i)於第三次遞增修訂循環承諾條文生效時及緊隨其後,概無違約或違約事件發生及持續。 (j)第一留置權管理代理人應已收到借款人負責官員出具的證明,證明(i)在第三次遞增修訂生效日期當日,本遞增修訂第5(h)和(i)條規定的條件已得到滿足,(ii)在第三次遞增修訂生效日期當日,第三次遞增修訂循環承擔的本金總額在當時不超過遞增上限。


6(k)第一個留置權行政代理人(由於每個第三次遞增修正循環修正案)應收到(或於第三個遞增修訂生效日期實質上與提供第三個遞增修訂循環承擔同時,將收取)一筆不可退還的預付費(“前期費用”),相當於截至本協議日期各該等方第三次增量修訂循環承諾總額的0.375%,在此期間,應盡。 根據適用發行人的選擇,全部或任何部分前期費用可採用前期費用、原始發行折扣或安排費用的形式。 第三增量修訂循環貸款人可以按照其和該等關聯公司自行決定同意的方式,將本協議項下應付的全部或部分費用分配給其各自的一個或多個關聯公司。 第一留置權管理代理人應將第三次增量修訂生效日期通知控股公司、借款人和第三次增量修訂循環貸款人,該通知應具有決定性和約束力。 第6款.代表和義務。 借款人特此聲明並保證:(a)第一批留置權貸款文件中所載各貸款方的聲明和保證在第三次增量修訂生效日期之日起在所有重大方面都是真實和正確的;但在每種情況下,只要該等陳述和保證明確提及較早日期,在該較早日期及截至該日期為止,該等資料在各重大方面均真實及正確;此外,在每種情況下,任何關於"重要性"的陳述和保證,""重大不利影響"或類似文字於第三次增量修訂生效日期或該較早日期在各方面均真實正確,視屬何情況而定 (b)於第三次遞增修訂循環承諾條文生效時及緊隨其後,概無發生違約或違約事件,亦無持續。 第7節擔保和擔保權益的確認。 各貸款方特此確認其已收到本增量修訂案的副本,並已審閲本增量修訂案的條款和條件,並同意本增量修訂案的條款和條件以及本增量修訂案的預期交易,包括以第三次增量修訂案循環貸款的形式發放信貸。 各貸款方,在本增量修訂生效後,特此(a)確認、批准和確認其先前的義務、留置權、擔保、質押、擔保權益授予和其作為一方的現有第一留置權信貸協議和其他第一留置權貸款文件項下的其他承諾,(b)同意(i)現有的第一留置權信貸協議及其作為一方的每一個其他第一留置權貸款文件,經本增量修訂修訂,應繼續完全有效及有效,及(ii)所有留置權,擔保、擔保權益、質押、贈款和其他承諾應繼續充分有效,並應累積為被擔保方的利益(定義見第一份留置權抵押協議),包括第三次增量修訂循環貸款人,及(c)確認自本協議日期起及之後,所有不時未償還的第三次增量修訂循環貸款應為有擔保債務。 在不限制前述一般性的情況下,擔保文件


7和其中描述的所有抵押品確實並將繼續為貸款方的所有有擔保債務的支付提供擔保,包括但不限於現有第一留置權信貸協議和其他第一留置權貸款文件(在每種情況下,均經本增量修訂案修訂)下的擔保債務。 第8款.費用;賠償;損害豁免。 經修訂的第一留置權信貸協議第9.03(a)、(b)、(d)、(e)和(f)條在此作必要修改,以引用方式併入,猶如該等條款已在本協議中全部列明。 第9款.雜項。 (a)通知 就經修訂的首份留置權信貸協議而言,各第三次增量修訂循環貸款人的初始通知地址應在其簽署的下面列出。 (b)税務表格。 各第三次遞增修訂循環代理人應已向第一留置權管理代理人及借款人交付有關美國聯邦所得税預扣税事宜的表格、證書或其他證據,而該等第三次遞增修訂循環代理人根據經修訂的第一留置權信貸協議第2.17條可能要求向第一留置權管理代理人及借款人交付。 (c)需要的通知;記錄。 本增量修訂構成借款人根據現有第一留置權信貸協議第2.20條的規定向第一留置權管理代理人發出的書面通知。在簽署和交付本協議以及第三次遞增修訂循環承諾後,第一留置權管理代理人將在登記冊中記錄由第三次遞增修訂循環貸款人提供的第三次遞增修訂循環承諾。 (d)修改、修改和放棄。 除非雙方簽署的書面協議,否則不得對本增量修訂案進行修訂,也不得放棄本增量修訂案的任何條款。 (e)完整協議。 本增量修訂案、經修訂的第一留置權信貸協議及其他第一留置權貸款文件構成雙方就本協議及其標的事項達成的完整協議,並取代雙方或任何一方就本協議標的事項達成的所有其他書面和口頭協議及諒解。 (f)適用法律。 本協議各方面應受中華人民共和國大陸地區法律的管轄。 (g)轄區 在因本增量修正案引起或與本增量修正案有關的任何訴訟或程序中,本協議各方特此不可否認地無條件地為自己及其財產服從紐約州最高法院和紐約南區聯邦地方法院以及任何上訴法院的專屬管轄權,或為承認或執行任何判決,雙方特此無條件地同意,


8有關任何此類訴訟或程序的索賠可以在紐約州或在法律允許的範圍內在該聯邦法院審理和裁定。 本協議各方同意,在任何此類訴訟或程序中的最終判決應是決定性的,並可在其他司法管轄區根據該判決或以法律規定的任何其他方式強制執行。 任何第一留置權貸款文件的任何內容均不影響第一留置權管理代理人或任何代理人在抵押品所在的任何其他場合對任何抵押品提起任何訴訟或程序以強制執行任何裁決或判決或行使擔保文件項下的任何權利。 (h)放棄對地點和法院不方便的異議。 本協議各方特此可撤銷地無條件放棄其現在或以後可能對在上文第9(g)條所述的任何法院提出因本增量修訂案引起或與本增量修訂案有關的任何訴訟、訴訟或程序的地點提出異議。 在法律允許的最大範圍內,本協議各方特此可撤銷地放棄在任何此類法院維持該等訴訟或程序的不方便法院進行辯護。 (i)同意程序的送達。 本增量修訂案的每一方均不可否認地同意以經修訂的首份留置權信貸協議第9.01條中規定的通知方式送達法律程序。 任何第一留置權貸款文件中的任何內容均不會影響本增量修訂案任何一方以法律允許的任何其他方式送達程序的權利。 (j)陪審團審判豁免。 在適用法律允許的最大範圍內,各方在任何直接或間接地由本增量修正案或本協議所涉及的交易引起或與之相關的法律程序中放棄由陪審團進行審判的任何權利(無論是基於合同、侵權行為或任何其他理論)。 各方特此(A)證明,任何其他方的代表、代理人或律師均未以明確或其他方式表示,在訴訟的情況下,該另一方不會尋求執行前述豁免,並且(B)確認其和其他各方是由於以下原因導致達成本增量修正案的,本節中的相互放棄和證明。 (k)可分割性 在任何司法管轄區無效或不可執行的本增量修訂的任何條款或規定,就該司法管轄區而言,在該無效或不可執行的範圍內無效或不可執行的情況下,不使本增量修訂的其餘條款和規定無效或不可執行,也不影響本增量修訂的任何條款或規定在任何其他司法管轄區的有效性或可執行性。 如果本增量修訂案的任何條款過於寬泛以致無法執行,則該條款應解釋為僅可執行的範圍。


9(l)對應事項。 本增量修訂可簽署一式副本,每份副本應視為原件,但所有副本應構成同一份協議。 "執行"、"執行"、"簽署"、"簽字"以及本增量修訂案中類似含義的詞語,應被視為包括電子簽名、在第一留置權管理代理人批准的電子平臺上電子匹配轉讓條款和合同形成,或以電子形式保存記錄,其中每一項均具有相同的法律效力。在任何適用法律的範圍內,包括《全球和國家商業聯邦電子簽名法》、《紐約州電子簽名和記錄法》或基於《統一電子交易法》的任何其他類似州法律的規定,作為人工簽名或使用紙質記錄保存系統,視情況而定;但本協議並不要求第一留置權管理代理人未經其事先書面同意並按照其批准的程序接受任何形式或格式的電子簽名。 本增量修訂的標題僅供參考,不得限制或以其他方式影響本協議的含義。 (n)持續有效性。 儘管本協議中有任何規定,本增量修訂的條款不構成現有優先留置權信貸協議或任何其他優先留置權貸款文件的補充,且不旨在且不用於實現現有優先留置權信貸協議或擔保或擔保該等債務的文書項下未清償債務的補充,哪些文書應保持並繼續具有充分效力。 雙方明確表示無意終止現有的第一留置權信貸協議。 相反,本協議各方明確擬重申根據現有第一留置權信貸協議產生的債務,該債務由抵押品及留置權及其項下的拿姆作抵押。 現有的第一留置權信貸協議(修訂本)和每份第一留置權貸款文件仍然完全有效。 (o)聯合牽頭人;聯合聯合代理人。 借款人特此任命(i)高盛銀行美國、美國銀行歐洲指定活動公司、巴克萊銀行PLC、富國銀行證券有限責任公司、MUFG銀行有限責任公司、及地區銀行作為與第三次增量修訂循環貸款有關的聯席牽頭機構及銀團代理(以該等身份統稱為“聯席牽頭機構”)及(ii)DNB Bank ASA,New York Branch作為與第三次增量修訂循環貸款有關的銀團代理(以該等身份統稱為“銀團代理”)。 除適用於所有放款人的權利、權力、義務、責任、責任或義務外,聯合牽頭放款人和銀團代理人在本增量修正案項下沒有任何權利、權力、義務、責任或義務。 在不限制前述規定的情況下,如此確定的聯席牽頭人和辛迪加代理不應或被視為與任何承銷商有任何信託關係。 各申請人承認,在決定簽署本增量修訂案或採取或不採取本協議項下的行動時,其沒有依賴且不會依賴任何貸款人或其他被確認的人員。 [本頁的其餘部分特意留空]


[增量貸款修訂案第3號簽署頁]雙方已於上文第一次所述日期和年份由各自授權官員正式簽署本增量修正案,以昭信守。 LIVANVA PLC, 作者:/s/Alex Shvartsburg 姓名:Alex Shvartsburg職務:LIVANova USA,INC.首席財務官, 作者:/s/Annemarie Heins 姓名:Annemarie Heins職務:税務官


[增量貸款修訂案第3號簽署頁]僅關於第7節和第9節:CARDIACASSIST,INC.,特拉華州公司IMTHERA MEDICAL,INC.,特拉華州公司LIVANVA,INC.,By:/s/Annemarie Heins 姓名:Annemarie Heins職務:税務官


[增量貸款修訂案第3號簽署頁]GOLDMAN SACHS Bank USA,作為第一留置權行政代理人,發行銀行,Swingline,第三次增量修正案循環執行人:/s/Ananda DeRoche 授權簽字人 地址: 地址:200 West Street New York,郵編:10282—2198


[增量貸款修訂案第3號簽署頁]美國銀行,N.A.作為第三次增量修正循環銀行、定期銀行和髮卡銀行。 作者:Albert Wheeler Name:jiang 職務:主任 地址: 北401號Tryon 強制降解;NC 1—021—06—01 夏洛特,NC 28255 美利堅合眾國


[增量貸款修訂案第3號簽署頁]Barclays Bank PLC,作為發行銀行,第三次增量修正案循環貸款,以及一個期限貸款。 Name:jiang 標題:授權簽字人


[增量貸款修訂案第3號簽署頁]Wells Fargo Bank,Fargo Association,作為第三次增量修正案循環銀行、定期銀行和髮卡銀行作者:/s/William Mims Name:jiang 職務:副總裁


[增量貸款修訂案第3號簽署頁]MUFG Bank,LTD.作為髮卡銀行,第三次遞增修訂循環票據及期限票據 Name:jiang 職務:主任


[增量貸款修訂案第3號簽署頁]區域銀行,作為髮卡銀行,第三次增量修正案循環,以及期限變更 Name:jiang 職務:副總裁


[增量貸款修訂案第3號簽署頁]DNB CAPITAL,LLC作為發行銀行的第三次增量修正案循環貸款和期限貸款作者:/s/Dania Hinedi Name:hinedi 職務:高級副總裁 作者:/s/Kristie Li Name:jiang 職務:高級副總裁


附表一 截至第三次遞增修訂生效日期: 第三次增量修訂循環貸款第三次增量修訂循環承諾高盛銀行美國$44,000,000.00美國銀行,不適用。$44,000,000.00巴克萊銀行(Barclays Bank PLC)$44,000,000.00富國銀行(Wells Fargo Bank,National Association)$27,000,000.00 MUFG Bank,Ltd.$27,000,000.00地區銀行$22,000,000.00 DNB Capital LLC $17,000,000.00總計:225,000,000美元 髮卡銀行信用證承諾高盛銀行美國$4,888,888.89美國銀行,不適用$4,888,888.89 Barclays Bank PLC $4,888,888.89 Wells Fargo Bank,National Association $3,000,000.00 MUFG Bank,Ltd.$3,000,000.00地區銀行$2,444,444.44 DNB Capital LLC $1,888,888,89合計:$25,000,00.00


附件A修訂後的第一份留置權信貸協議見附件。


第23號增量修正案的附件A 信貸協議 日簽訂 2021年8月13日 經日期為2021年12月24日的《信貸協議》第1號修訂案、日期為2022年2月24日的《信貸協議》第1號修訂案、日期為2022年3月16日的《信貸協議》第2號修訂案和日期為7月6日的《信貸協議》第2號修訂案,2022年信貸協議第3號修訂案,日期為2024年3月8日 之間 利瓦諾瓦PLC,作為控股, LIVANVA USA INC. 作為借款人, 本協議當事方的放款人和開證銀行 和 GOLDMAN SACHS Bank USA,作為第一留置權管理代理人和第一留置權擔保代理人_ GOLDMAN SACHS Bank USA,BARCLAYS Bank PLC,UBS Instituties LLC,Bank of America EUROPE DAC,DNB Bank ASA,New York Branch,MUFG Bank,LTD.,區域銀行,TD經營(美國)有限責任公司和Wells Fargo經營有限責任公司,作為聯合牽頭經營人和聯合簿記管理人 ___________________________ GOLDMAN SACHS Bank USA,Bank of America Europe DAC,Barclays Bank PLC,DNB Bank ASA,New York Branch,MUFG Bank,LTD.區域銀行,TD商業(美國)有限責任公司和Wells Fargo Bank,EASSOCIATION,作為辛迪加代理 ___________________________ 農業信貸和投資銀行,作為文件代理人


目錄頁文章I定義...............................................................................................................1第1.01節定義的術語......................................................................................................1第1.02節貸款和借款分類.............................................................65第1.03節術語一般.................................................................................................65第1.04節會計術語;公認會計準則.................................................................................66第1.05節交易的完成...............................................................................66第1.06節有限條件交易.........................................................................66第1.07節某些決定。......................................................................................67第1.08節附加替代貨幣。.....................................................................68第1.09節一般等值貨幣。........................................................................68第1.10節貨幣變動。...........................................................................................69第1.11節.............................................................................................................分部69第1.12節。..................................................................................................................69第二條Credits......................................................................................................................70第2.01節承諾.....................................................................................................70第2.02節貸款和借款........................................................................................71第2.03節借款申請....................................................................................72第2.04節Swingline Loans.................................................................................................第2.05節..................................................................................................信用證74第2.06節借款資金.......................................................................................79第2.07條利益選舉................................................................................................80第2.08節終止和減少承付款....................................................81第2.09節償還貸款;債務證據.............................................................82第2.10節定期貸款攤銷..............................................................................82第2.11節貸款提前還款..........................................................................................83第2.12條費用.....................................................................................................................92第2.13節利息................................................................................................................93第2.14節替代利率....................................................................................95第2.15款增加的費用...................................................................................................96第2.16節BREAGE Funding Payments....................................................................................97第2.17條税收..................................................................................................................98第2.18條一般付款;按比例計算;分擔抵銷......101第2.19條減輕責任;更換貸款人......第2.20節遞增學分延期..........................................................................103


目錄(續) 第2.21節再融資修訂.... 106第2.22條違約貸款人... 107第2.23條非法性... 108第2.24條貸款修改要約..... 109第三條陳述和保證... 110第3.01條組織;權力...... 110第3.02節授權;可執行性... 110第3.03節政府批准;無衝突... 110第3.04節財務狀況;無重大不利影響... 111第3.05條財產...... 111第3.06條訴訟及環境事宜...... 111第3.07節遵守法律和協議.... 111第3.08條投資公司地位... 111第3.09條税項...... 112第3.10條Erisa... 112第3.11節披露........... 112第3.12條附屬公司...... 113第3.13節知識產權;許可證等...... 113第3.14條償付能力... 113第3.15節美聯儲條例.. 113第3.16條收益的使用... 113《愛國者法》第3.17條;反腐敗;反洗錢;制裁。................. 114第IV條條件...... 114第4.01條生效日期... 114第4.02節每項信貸事件...第4.03節延遲提取增量定期貸款。.......................................................... 116第五條承諾...... 117第5.01節財務報表及其他資料...... 117第5.02條重大事件的通知... 119第5.03節有關抵押品的資料......... 119第5.04條的存在;業務的進行... 120第5.05條繳付税款等.... 120第5.06條財產的維護..... 120第5.07條保險...... 120第5.08節簿冊及記錄;檢查及審核權......... 121


目錄(續) 第5.09節遵守法律... 121第5.10條收益及信用證的使用....... 121第5.11條附加子公司...... 121第5.12條進一步的保證..... 122第5.13節子公司的指定....... 122第5.14節某些平倉後債務... 123第5.15條業務範圍............................................................................................. 123第5.16節反腐敗;反洗錢;制裁。.................................... 123第六條否定條約... 123第6.01條債項;若干股本證券... 123第6.02條留置權...... 130第6.03節基本變更... 132第6.04節投資、貸款、墊款、擔保及收購...... 134第6.05條資產出售....... 136第6.06條售後租回.... 138第6.07節受限制付款;債務的某些付款....... 138第6.08節與關聯公司的交易.... 142第6.09條限制性協議...... 142第6.10條修訂初級融資...... 144第6.11節財務表現契約...... 144第6.12節財政期間的變更...第6.13節 [保留區].......................................................................................................... 144第6.14節反腐敗;反洗錢;制裁。.................................... 144第VII條違約事件..... 144第7.01條違約事件..... 144第7.02條治癒的權利... 147第7.03條收益的運用... 148第VIII條行政代理人....... 148第8.01條委任及授權... 148第8.02條作為代理人的權利...... 149第8.03條免責條文... 149第8.04條第一留置權行政代理人的信賴...... 150第8.05條職責轉授..... 150第8.06條第一留置權行政代理人的追索... 150第8.07節不依賴第一留置權行政代理人和其他貸款人151


目錄(續) 第8.08條無其他職責等... 152第8.09條第一留置權行政代理人可提交索賠證明......... 152第8.10條無放棄;累積補救;強制執行.... 153第8.11節某些ERISA事項。.................................................................................... 153第九條雜項.... 154第9.01條公告... 154第9.02條寬免;修訂... 155第9.03節開支;彌償;損害豁免...... 159第9.04條繼承人及轉讓... 161第9.05條生存...... 166第9.06節對應物;整合;效力... 166第9.07條可分割性... 166第9.08條抵銷權...... 167第9.09條準據法;管轄權;對送達法律程序的同意....... 167第9.10條放棄陪審團審訊.... 168第9.11條標題...... 168第9.12條保密... 168第9.13節《美國愛國法》...... 169第9.14條留置權及擔保的解除...... 169第9.15節無諮詢或受託責任..... 170第9.16條利率限制........ 171第9.17條判決貨幣......... 171第9.18節確認和同意受影響金融機構的紓困。................................................................................................ 172第9.19條互債權人協議....... 172第9.20條無現金結算...... 172第9.21條關於任何受支持的合格功能證明的確認... 172


時間表:附表1.01—不包括子公司附表2.01—承付款和貸款;信用證承付款附表2.05—現有信用證附表3.03—政府批准;無衝突附表3.06—訴訟和環境事項附表3.12—子公司附表5.14—某些關閉後義務附表6.01—現有債務附表6.02—現有留置權附表6.04—現有投資附表6.08—現有關聯交易附表6.09—現有限制附表9.01—通知附件:附件A—轉讓和承擔表格附件B—第一留置權擔保協議表格附件C—完善證書表格附件D—第一份留置權抵押協議格式附件E—1—第一份留置權共同債權人協議格式附件E—2—第一份/第二份留置權共同債權人協議格式附件F—公司間票據格式附件G—浮動押記文件格式附件H—1—指定折扣預付通知格式附件H—2—指定折扣預付響應格式附件I—折扣範圍預付通知表格附件J—折扣範圍預付要約表格附件K—徵求折扣預付通知表格附件L—徵求折扣預付要約表格附件M—接受和預付通知表格附件N—1—美國税務合規證書表格附件N—2—美國税務合規證書表格2附件N—3—美國税務合規證書表格3附件N—4—美國税務合規證書表格4附件O—附註表格附件P— [已保留]附件Q—借款通知格式附件R—信用證申請格式附件X—受益所有權證書格式附件Y—合規證書格式附件Z—償付能力證書格式


—57—“SEC”是指證券交易委員會或繼承其任何主要職能的任何政府機構。 “第二次增量修訂”指借款人、控股公司、第二次增量修訂定期貸款人、第一留置權管理代理人和其他貸款方之間於第二次增量修訂生效日期對信貸協議的某些增量融資修訂第2號。 “第二次遞增修訂生效日期”指第二次遞增修訂第5條所載先決條件獲滿足或豁免的日期。為免生疑問,第二次遞增修訂生效日期為二零二二年七月六日。 “第二次遞增修訂期承諾”具有第二次遞增修訂中賦予該術語的含義。 “第二次遞增修訂定期貸款人”具有第二次遞增修訂中賦予該術語的含義。 “第二次遞增修訂定期融資”具有第二次遞增修訂中賦予該術語的涵義。 “第二次遞增修訂定期貸款”具有第二次遞增修訂中賦予該術語的涵義。 “第二次增量修訂期限到期日”指,就第二次增量修訂期限貸款及延遲提取增量定期貸款而言,第二次增量修訂生效日期後五年(以較早者為準)的日期(如果該日不是營業日,(y)“到期日”前九十一(91)天的日期(定義見2020年可換股票據的指引)(“再融資日期”),除非於再融資日期或之前,(a)二零二零年可交換票據已獲償付及解除、償還、贖回、購回,再融資或延期至上文(x)項所述日期後至少180天的日期,或(b)借款人已將相等於2020年可交換票據本金額的金額存入獨立賬户,該金額僅可用於清償及清償、償還、贖回、購回、再融資或延期,贖回或回購該等2020年可交換票據。 “第956條除外子公司”是指(a)(i)任何借款人的(直接或間接)非美國子公司,是《守則》第957條所指的“受控外國公司”(或任何適用司法管轄區的任何類似法律或法規)及(ii)任何(直接或間接)附屬(包括為美國聯邦所得税目的而不予考慮的實體)借款人的基本上全部資產直接或間接地在一家或多家"受控外國公司"的股權或股權和債務中擁有權益第957條的定義(或任何適用司法管轄區的任何類似法律或法規)(每個,(a)“外國控股公司”)及(b)任何(直接或間接)附屬(包括為美國聯邦所得税目的而不予考慮的實體)借款人的幾乎所有資產直接或間接地在一個或多個外國控股公司的股權或股權和債務中的權益,及(c)任何(直接或間接)(a)或(b)條所述子公司的子公司,或借款人(直接或間接)子公司(包括為美國聯邦所得税目的而不予考慮的實體),其提供擔保將合理地導致投資於"美國財產"由本法典第956條和第957條(或任何適用司法管轄區的任何類似法律或法規)定義的受控制的外國公司實施,或以其他方式對借款人和/或其關聯公司造成不利的税務後果,由借款人合理確定。 “有擔保現金管理義務”指控股公司、借款人和任何受限制子公司就任何透支和相關責任的到期和準時支付和履行所有義務,這些責任由國庫、存管、現金池安排和現金管理服務、公司信貸和採購卡以及相關計劃或任何自動化資金交換所轉移(統稱“現金管理服務”)提供予控股、借款人或任何附屬公司(無論是絕對或或有)


58.無論是怎樣創造、產生、證明或獲得的,(包括所有續期、延期和修改及其替代品))(a)欠第一留置權管理代理人、共同牽頭人、受讓人或其任何關聯公司的,(b)在生效日期欠一個在生效日期是代理人或代理人的人的款項,或(c)欠一個代理人的款項,代理人或代理人的關聯公司或代理人在發生此類義務時。 “有擔保債務”指(a)第一留置權貸款文件債務,(b)有擔保現金管理債務和(c)有擔保互換債務(不包括任何貸款擔保人的除外互換債務)。 "有擔保方"指(a)各受讓人,(b)各發行銀行,(c)第一留置權管理代理人,(d)第一留置權抵押代理人,(e)各聯席牽頭擔保人,(f)各持有任何有擔保現金管理義務的人,(g)構成有擔保互換義務的任何互換協議的各交易對手,(h)任何貸款方根據任何優先留置權貸款文件承擔的各項賠償義務的受益人和(i)上述各項的允許繼承人和受讓人。 “有擔保互換義務”指控股及其受限制子公司在每份互換協議項下的所有義務的到期和按時支付和履行,該協議項下(a)與作為第一留置權管理代理人的交易對手、共同牽頭受讓人、受讓人或其任何關聯公司的交易對手進行的,(b)與作為受讓人的交易對手有效,(c)在生效日期後與任何交易對手方(即任何交易對手方)、代理方或代理方(即任何交易對手方)或在簽署該互換協議時為交易對手方(即任何交易對手方)訂立。 “證券化資產”是指與證券化交易有關的通常出售或質押的應收賬款、特許權使用費和其他類似的受款權以及與之相關的任何其他資產及其收益。 “證券化融資”是指任何一項或多項應收款證券化融資,經不時修訂、補充、修改、延長、更新、重述或退還,其債務無追索權(除了習慣性的陳述,向控股公司或任何受限制附屬公司作出的擔保和賠償(證券化附屬公司除外)據此,控股或任何受限制附屬公司出售或授予其應收賬款或與之相關的資產的擔保權益,該等資產通常就證券化交易出售或質押給(a)非受限子公司的人或(b)證券化子公司,其轉而將其應收賬款出售給非受限子公司的人。 “證券化費用”是指直接或通過折扣方式進行的分配或支付,涉及與任何合格證券化融資相關的任何參與權益,以及支付給非證券化子公司的人的其他費用。 “證券化子公司”是指為以下目的而成立的、僅從事一項或多項合格證券化設施及與之合理相關的其他活動的任何子公司。 “擔保文件”是指第一份留置權抵押協議、抵押以及根據抵押和擔保要求或第5.11、5.12或5.14條簽署和交付的其他擔保協議或質押協議,以擔保任何擔保債務。 "高級代表"指,就本協議允許由抵押品以同等或較低的方式擔保的任何系列債務而言,根據該等債務的發行、產生或以其他方式獲得(視具體情況而定)的票據或協議,受託人、行政代理人、抵押代理人、擔保代理人或類似代理人,以及他們的每一位繼承人。


—59—“高級擔保第一留置權淨槓桿率”是指,截至任何確定日期,在備考基礎上,(a)截至該日期的合併高級擔保第一留置權淨債務與(b)最近結束測試期的合併息税前利潤的比率。 “高級擔保淨槓桿率”是指,截至任何確定日期,在備考基礎上,(a)截至該日期的合併高級擔保債務與(b)最近完成測試期的合併息税前利潤的比率。 “結算”是指與任何信用卡或借記卡借記、支票或其他票據、電子資金轉賬或其他類型的紙質或電子支付、轉賬或收費交易有關的現金或其他財產的轉移,個人在其正常業務過程中充當處理人、匯款人、資金接收人或資金髮送人。 “結算資產”是指任何現金、應收款或其他財產,包括結算應收款,該等現金、應收款或其他財產,作為該等人或該等人的關聯公司進行或安排的結算的對價。 “結算債務”是指與結算付款有關的任何付款或償還義務。 “結算留置權”指與任何結算或結算債務有關的任何留置權(為免生疑問,可包括以結算付款為代價而授予結算資產留置權或以其他方式轉讓、保證日內和隔夜透支和自動清算所風險的留置權,以及類似留置權)。 “結算支付”指為實現結算而進行的現金或其他財產的轉移或合同承諾(包括通過自動清算所交易)。 “結算應收款”是指任何一般無形資產、支付無形資產或代表或反映有義務向某人支付款項或為某人的利益支付款項的工具,以換取該人作出或安排的或將作出或安排的結算。 "SNIA LCs"具有第6.01(a)(xxix)節中賦予該術語的含義。 “SNIA訴訟”是指與控股公司和/或其任何子公司對SNIA S.p.A.所產生的環境責任的指控有關的任何司法程序。和/或其在意大利的任何附屬公司。 “SOFR”是指等於SOFR管理人管理的有擔保隔夜融資利率的利率。 “SOFR管理人”指紐約聯邦儲備銀行(或擔保隔夜融資利率的繼任管理人)。 “SOFR貸款”是指按調整後期限SOFR利率計息的貸款,但“替代基本利率”定義的第(c)款除外。 “SONIA”指的是,對於任何無風險利率工作日,每年的利率等於SONIA管理員在SONIA管理員網站上公佈的該無風險利率工作日的英鎊隔夜指數平均值。 “SONIA管理人”是指英格蘭銀行(或英鎊隔夜指數的任何繼任管理人)。


-60- “SONIA管理員網站”指英格蘭銀行的網站,目前為www.example.com,或SONIA管理員不時確定的英鎊隔夜指數平均值的任何後續來源。 "徵求折扣按比例分配"具有第2.11(a)(ii)(D)(3)條中賦予該術語的含義。 “徵求貼現預付款金額”具有第2.11(a)(ii)(D)(1)條中賦予該術語的含義。 “徵求貼現預付款通知”指借款人根據第2.11(a)(ii)(D)條發出的、實質上以附件K形式發出的不可撤銷的書面通知。 “徵求貼現預付款要約”是指每個期限代理人在第一留置權管理代理人收到徵求貼現預付款通知後提交的不可撤銷的書面要約,基本上以附件L的形式提交。 “徵求貼現預付款響應日期”具有第2.11(a)(ii)(D)(1)節中賦予該術語的含義。 "指定折扣"具有第2.11(a)(ii)(B)(1)條賦予該術語的含義。 "指定折扣預付金額"具有第2.11(a)(ii)(B)(1)條賦予該術語的含義。 "指定折扣預付通知"指借款人根據第2.11(a)(ii)(B)條發出的、以附件H—1的形式發出的關於指定折扣預付的不可撤銷的書面通知。 "特定折扣預付款回覆"指各條款代理人對特定折扣預付款通知所作的不可撤銷的書面回覆,基本上以附件H—2的形式進行。 "指定折扣預付響應日期"具有第2.11(a)(ii)(B)(1)條中賦予該術語的含義。 "指定折扣按比例分配"具有第2.11(a)(ii)(B)(3)條中賦予該術語的含義。 "特定違約事件"是指第7.01(a)、(b)、(h)或(i)條下的違約事件。 "特定交易"指,就任何期間而言,任何投資、出售、轉讓或其他資產處置、債務的發生或償還、限制性付款、子公司指定,新項目或其他事件,根據第一個留置權貸款文件的條款要求“備考合規”或規定該等測驗或契諾須在給予備考效力後以備考基準計算。 "即期匯率"是指在任何一天,對於美元(為確定美元金額)或美元(為確定替代貨幣等值)以外的任何貨幣而言,該貨幣可兑換成美元或適用替代貨幣(視情況而定)的匯率,該匯率在上午11:00左右規定,紐約市時間,該日期前兩(2)個工作日,在適用的彭博關鍵交叉貨幣匯率頁面。 如果任何該等匯率未出現在彭博關鍵字交叉貨幣匯率頁面上,即期匯率應參考第一留置權管理代理為此目的選擇的其他公開可用的顯示匯率的服務確定,或由第一留置權管理代理酌情決定,該即期匯率應改為第一留置權管理代理人在當時進行外匯兑換業務的市場上的即期匯率的算術平均值,該市場的當地時間,購買美元或適用的替代貨幣(視情況而定)的日期前兩(2)個工作日


第一留置權管理代理人可以使用其認為適當的任何其他合理方法來確定該等費率,且該等確定應被推定為正確的,且該等確定應在沒有明顯錯誤的情況下被視為正確的。 "起始籃"具有"可用金額"定義中賦予該術語的含義。 “法定準備金率”是指分數(以小數表示),其分子為1,分母為1減去最大準備金、流動資產或類似百分比(包括任何邊際、特別、緊急或補充準備金)的總和,由美國任何政府機構確定,以小數表示。 該儲備金、流動資產或類似百分比應包括根據理事會條例D規定的百分比。 定期基準貸款應被視為受該等儲備金、流動資產或類似要求的約束,而不包括根據董事會條例D或任何其他法律要求不時向任何貸款人提供的按比例分配、豁免或抵銷的利益或信貸。 法定儲備率應於任何儲備百分比的任何變動生效日期自動調整。 “英鎊”和“英鎊”是指聯合王國當時的合法貨幣。 "提交金額"具有第2.11(a)(ii)(C)(1)條中賦予該術語的含義。 "提交折扣"具有第2.11(a)(ii)(C)(1)條中賦予該術語的含義。 “子公司”是指,就任何人而言,(“母公司”)在任何日期,任何公司,有限責任公司,合夥企業,協會或其他實體,其帳户將與母公司的帳户合併在母公司的合併財務報表,如果這些財務報表是根據公認會計原則編制的,以及任何其他公司,有限責任公司,合夥企業,(a)截至該日期,其擁有、控制或持有的證券或其他所有權權益超過50%的股權或超過50%的普通投票權,或如屬合夥企業,則超過50%的普通合夥企業權益(除非母公司並不控制該實體),或(b)截至該日期,由母公司或母公司的一間或多間附屬公司,或由母公司和母公司的一間或多間附屬公司控制。 “子公司”指控股公司的任何子公司(除非另有説明)。 “附屬貸款方”指控股的各附屬公司,為首份留置權擔保協議的訂約方。 “繼承借款人”具有第6.03(a)(iv)條賦予該術語的含義。 “支持的QFC”具有第9.21節中賦予該術語的含義。 “互換協議”指(a)任何及所有利率互換交易、基準互換、信貸衍生交易、遠期利率交易、商品互換、商品期權、遠期商品合同、股權或股權指數互換或期權、債券或債券價格或債券指數互換或期權或遠期債券或遠期債券價格或遠期債券指數交易、利率期權、遠期外匯交易,上限交易、場內交易、領盤交易、貨幣互換交易、交叉貨幣匯率互換交易、貨幣期權、現貨合約或任何其他類似交易或前述任何組合(包括訂立上述任何條款的任何選擇權),不論任何該等交易是否受任何主協議規管或受任何主協議規限,及(b)受國際掉期及衍生工具協會(International Swaps and Derivatives Association,Inc.)公佈的任何形式主協議的條款及條件所規限或受該等主協議所規限的任何及所有種類的交易及相關確認書,任何國際外匯主協議或任何其他主協議(任何該等主協議,連同任何相關附表,統稱“主協議”),包括任何主協議項下的任何該等義務或責任。


—62—“搖擺線承諾”指搖擺線貸款人作出搖擺線貸款的承諾,其本金總額不超過25,000,000美元。 “搖擺線風險”指在任何時候,所有搖擺線貸款的本金總額。 任何旋轉式起重機在任何時間的擺動線暴露量應為其在該時間總擺動線暴露量的適用百分比。 “Swingline代理人”是指(a)高盛和(b)按照第2.04(d)條的規定應成為Swingline代理人的每一個循環代理人(不包括按照第2.04(e)條的規定不再是Swingline代理人的任何人),各自作為Swingline貸款的貸方。 “搖擺線貸款”是指根據第2.04節進行的貸款。 “T2”是指由歐元系統運行的實時總結算系統。 “目標日”是指跨歐洲自動實時總結算快速轉賬(目標)支付系統(T2(或,如果該支付系統停止運作,則由第一留置權管理代理人確定為合適替代品的其他支付系統(如有))開放以歐元結算的任何日期。 “税收分配”具有第6.07(a)(vii)(A)條賦予該術語的含義。 “税務集團”具有第6.07(a)(vii)(A)條賦予該術語的含義。 “税收”是指任何政府當局徵收的任何和所有現行或未來的税收、徵税、關税、扣除、收費或扣繳,包括適用於此的任何利息、加税或罰款。 “期限基準”當用於提述任何貸款或借貸時,指該等貸款或包括該等借貸的貸款是否按參考(i)經調整期限SOFR釐定的利率計息。(如貸款以美元計值),(ii)經調整的BA利率(如以加拿大元計值的貸款)或(iii)經調整的EURIBOR(如以歐元計值的貸款)。 "期限承諾"是指,就每個貸款人而言,該等貸款人在第二次增量修訂生效日期或適用的延遲提取增量融資日期根據本協議提供定期貸款的承諾(如有),表示為代表該等貸款人根據本協議提供的定期貸款的最大本金額的金額,因為此類承諾可能(a)根據第2.08條不時減少,(b)根據以下情況不時減少或增加:(i)根據轉讓和假設由此類轉讓人或向此類轉讓人轉讓,(ii)再融資修正案,(iii)任何定期貸款的增量融資修訂或(iv)貸款修訂協議。各受讓人的定期承諾的金額應在轉讓和假設中規定,據此,受讓人應承擔其定期承諾、增量貸款修訂、貸款修訂協議或再融資修訂(視情況而定)。 截至第二次遞增修訂生效日期,總期限承擔(為免生疑問,包括第二次遞增修訂期限承擔及延遲提取增量承擔)為350,000,000美元。 “期限CORRA調整”指等於(i)一個月的可用年期為0.29547%(29.547個基點)的百分比,及(ii)三個月的可用年期為0.32138%(32.138個基點)的百分比。 "術語CORRA管理員"指Candeal Benchmark Administration Services Inc.,TSX Inc.,或任何繼任者。 “定期CORRA”是指,就任何有關定期CORRA貸款的計算而言,該日期與適用的利息期相比較的期限的定期CORRA參考利率(該日,“定期


—63—期限CORRA決定日"),即該利息期第一天前兩(2)個營業日,該利率由期限CORRA管理人公佈;但是,如果截至1:下午10點(多倫多時間)在任何定期期限CORRA確定日,期限CORRA管理人尚未公佈適用期限的期限CORRA參考利率,且期限CORRA參考利率的基準替換日期尚未出現,則期限CORRA將是期限CORRA管理人在期限CORRA管理人公佈該期限的期限CORRA參考利率的前一個營業日公佈的期限CORRA參考利率,只要該前一個營業日不超過三(3)該定期期限CORRA決定日之前的工作日。 “CORRA定期參考利率”指基於CORRA的前瞻性定期利率。 “定期貸款人”是指有定期承諾或未償還定期貸款的貸款人(為免生疑問,應包括延遲提取增量貸款人)。 “定期貸款”是指第二次增量修正定期貸款(為免生疑問,應包括融資後的延遲提取增量定期貸款)、其他第一留置權定期貸款和第一留置權增量定期貸款,視上下文需要而定。 "期限到期日"指(i)第二次增量修正案期限到期日,或(ii)對於根據許可修正案延長其期限貸款到期日的任何期限貸款人而言,指任何此類貸款修改協議中規定的延長到期日。 “定期SOFR”是指,(a)就任何有關SOFR貸款的計算而言,與當日適用的利息期相比較的期限的定期SOFR參考利率,(該日,“定期期限SOFR決定日”),即該利息期第一天前兩(2)個美國政府證券營業日,該利率由期限SOFR管理人公佈;但是,如果從5:下午10點(紐約市時間)在任何定期期限SOFR確定日,期限SOFR管理人尚未公佈適用期限的期限SOFR參考利率,且期限SOFR參考利率的基準替換日期尚未出現,則期限SOFR將是期限SOFR管理人在期限SOFR管理人公佈的期限的期限SOFR參考利率,只要該期限的前一個美國政府證券營業日不超過在該定期期限SOFR確定日之前的三(3)個美國政府證券營業日,以及(b)對於任何一天的ABR貸款的任何計算,該日的期限為一個月的定期SOFR參考利率(該日,“ABR術語SOFR確定日”),即該日之前兩(2)個美國政府證券營業日,因此,該利率由術語SOFR管理員公佈;但是,如果截至5:下午10點(紐約市時間)在任何ABR期限SOFR確定日,期限SOFR管理人尚未公佈適用期限的期限SOFR參考利率,且期限SOFR參考利率的基準替換日期尚未出現,則定期SOFR將是定期SOFR管理人在上一屆美國政府公佈的該期限的定期SOFR參考利率期限SOFR管理人公佈該期限的該期限SOFR參考利率的證券營業日,只要該之前的第一個美國政府證券營業日不超過該ABR SOFR決定日之前的三(3)個美國政府證券營業日。 “定期SOFR調整”指所有利息期的循環貸款和定期貸款,0.10%(10個基點)。 “期限SOFR管理人”是指CME Group Benchmark Administration Limited(CBA)(或第一留置權管理代理人合理酌情選擇的期限SOFR參考利率的繼任管理人)。


—64—“定期SOFR參考利率”是指基於SOFR的前瞻性定期利率。 “終止日期”是指所有承諾到期或終止的日期,所有擔保債務已全部以現金支付(x)有擔保互換債務尚未到期應付,(y)尚未到期和應付的有擔保現金管理債務;(z)尚未應計和應付的或有賠償債務),所有信用證均已過期或終止(由一家機構或其他根據令適用的髮卡行合理滿意的安排以現金擔保或擔保的信用證除外)。 "測試期"是指,在任何確定日期,(x)為(i)"適用費率"的定義,(ii)"承諾費百分比"的定義和(iii)第6.11條的目的,根據第5.01(a)或(b)條和(b)條的規定,控股公司連續四個財政季度的最後一個結束時間為財務報表提交的時間。y)就本協議中的所有其他目的而言,借款人最近一段連續十二個月的時間在該時間或之前結束,並就其提供了計算相關比率所需的財務資料。 “第三次增量修訂”是指借款人、控股、第三次增量修訂循環貸款人、其他貸款人、第一留置權管理代理人和貸款方於2024年3月8日簽署的《信貸協議第3號增量融資修訂》。 “第三次遞增修訂生效日期”指第三次遞增修訂第5條所載先決條件獲滿足或豁免的日期。 “第三次遞增修訂循環承擔”具有第三次遞增修訂賦予該術語的涵義。 “第三次遞增修訂循環貸款人”具有第三次遞增修訂中賦予該術語的含義。 “第三次遞增循環貸款”具有第三次遞增修訂賦予該術語的涵義。 “總淨槓桿率”是指,截至任何確定日期,在備考基礎上,(a)截至該日期的總淨負債與(b)最近結束的測試期的合併息税前利潤的比率。 “商標”具有第一份留置權抵押協議中賦予該術語的含義。 “交易費用”是指控股公司、借款人或任何其他子公司就交易產生或應付的所有費用、成本和開支。 “交易”是指(a)第一筆留置權融資交易,(b)再融資和(c)交易費用的支付。 “類型”指的是任何貸款或借款,是指該等貸款或包括該等借款的貸款的利率是否參照調整後期限SOFR、調整後BA RateTerm CORRA、每日複合CORRA、調整後EURIBOR、替代基準利率、每日簡單RFR或加拿大基準利率確定。 “UCC”或“統一商法典”是指紐約州不時有效的《統一商法典》;但是,在任何時候,如果由於法律的強制性規定,第一留置權抵押代理人的任何或全部完善或優先權,其在抵押品的任何項目或部分中的擔保權益受紐約州以外的美國司法管轄區有效的《統一商法典》管轄,術語“UCC”和“統一商法典”應指統一商法典,如


—65—在該時間,在該其他司法管轄區,為本協議中有關該等完善或優先權的規定的目的,以及為有關該等規定的定義的目的。 “UCP”是指國際商會最近在其第600號出版物中公佈的《跟單信用證統一慣例》(或在信用證簽發時有效的、為適用的開證銀行合理接受的後來版本)。在例外情況下,如果借款人特別要求,備用信用證可根據UCP簽發。 “美國政府證券營業日”指除(a)星期六、(b)星期日或(c)證券業和金融市場協會建議其會員固定收益部門全天關閉以進行美國政府證券交易的日子以外的任何日子。 “美國特別決議制度”具有第9.21節賦予該術語的含義。 “英國金融機構”指任何BRRD企業(根據英國審慎監管局頒佈的PRA規則手冊(經不時修訂)中的定義)或金融行為監管局手冊IFPRU 11.6所涵蓋的任何人士(經不時修訂)由英國金融行為監管局頒佈,其中包括若干信貸機構及投資公司,以及這些信貸機構或投資公司的某些附屬機構。 “英國清算機構”是指英格蘭銀行或任何其他負責英國金融機構清算的公共行政機構。 “未調整基準替換”指適用的基準替換,不包括相關基準替換調整。 "未公開管理"是指監管機構或監管機構根據或基於該監管機構或母公司受本國管轄的國家的法律任命管理人、臨時清算人、保護人、接管人、受託人、保管人或其他類似官員,如果適用法律要求不得披露此類任命。 "美國税務合規證書"具有第2.17(f)(2)(ii)(C)節賦予該術語的含義。 “非限制子公司”指借款人在生效日期之後根據第5.13條指定為非限制子公司的任何子公司。 “美國愛國者法”是指2001年《通過提供攔截和阻止恐怖主義所需的適當工具來團結和加強美國法》,並不時修訂。 “加權平均到期年期”是指,當應用於任何日期的任何債務時,除以下列各項所得的年數:(a)將(i)就該等款項而獲得的每筆當時剩餘分期付款、償債基金、連續到期或其他所需本金付款(包括在最後到期時付款)的款額相乘而獲得的產品總額,(ii)由該日期至作出該項付款將經過的年數(以最接近的十二分之一計算);(b)該債項當時的未償還本金額。 “全資受限制子公司”是指屬於全資子公司的任何受限制子公司。 “全資子公司”指,就任何人而言,在任何日期,該人的子公司,其證券或其他所有權權益代表100%股權,(除(a)董事的合格股份和(b)在適用法律要求的範圍內發行給外國國民的名義股份外),截至該日期,由該人士或該人士的一個或多個全資子公司或該人士及其一個或多個全資子公司控制或持有。


—66—“退出責任”是指因完全或部分退出多僱主計劃而對該多僱主計劃的責任,如ERISA第四章子標題E的第一部分所定義。 "減記和轉換權力"是指,(a)對於任何EEA解決機構,根據適用EEA成員國的紓困立法,該EEA解決機構不時的減記和轉換權力,該減記和轉換權力在歐盟紓困立法附表中有所描述,以及(b)對於英國,適用的決議機構根據紓困立法取消、減少、修改或改變任何英國金融機構的負債形式或產生該負債的任何合同或文書,將全部或部分該負債轉換為該人或任何其他人的股份、證券或債務的任何權力,規定任何該等合約或文書須具有效力,猶如已根據該合約或文書行使任何權利一樣,或暫停就該法律責任或暫停根據該紓困法例而與任何該等權力有關或附屬於該等權力的任何權力。 第1.02節貸款和借款的分類。 就本協議而言,貸款和借款可以按類別分類和引用(例如,“循環貸款”或“定期貸款”)或按類型(例如,"定期基準貸款"、"ABR貸款"或"RFR貸款")或按類別和類型(例如,“定期基準循環貸款”或“定期基準定期貸款”)。 借款也可以按類別分類和引用(例如,a "循環借款"或"定期借款")或按類型(例如,a "期限基準借款")或按類別和類型(例如,a "期限基準循環借款"或"期限基準定期借款")。 循環貸款之借貸有時在本文中稱為“循環借款”,而延遲提取增量定期貸款之借貸有時在本文中稱為“延遲提取增量定期貸款”。 第1.03章一般條款 本文中術語的定義應同等地適用於所定義術語的單數和複數形式。 只要上下文需要,任何代詞都應包括相應的陽性、陰性和中性形式。 詞語"包括"、"包括"和"包括"應被視為後面是短語"但不限於"。 "將"一詞應解釋為具有與"應"一詞相同的含義和效力。 除文意另有所指外,(a)任何協議的定義或提述(包括本協議和其他優先留置權貸款文件)、文書或其他文件應解釋為指不時修訂、修訂和重述、補充或以其他方式修改的該協議、文書或其他文件(受對本協議所載的此類修訂、重述、補充或其他修改的任何限制的限制),(b)本協議對任何人的任何提述應解釋為包括該人的繼承人和受讓人。(受本協議規定的任何轉讓限制的約束),以及,如屬任何政府當局,則應繼承其任何或所有職能的任何其他政府當局,(c)“此處”、“此處”和“此處”等詞語,以及類似含義的詞語,(d)本協議所有提及的條款、章節、附件和附表應解釋為指本協議的條款和章節、附件和附表,本協議和(e)“資產”和“財產”應解釋為具有相同的含義和效力,並指任何和所有有形和無形資產和財產,包括現金、證券、賬户和合同權利。 第1.04節會計術語;GAAP。 (a)本協議中未明確或完全定義的所有會計術語均應按照《公認會計原則》進行解釋,根據本協議要求提交的所有財務數據(包括財務比率和其他財務計算)均應按照《公認會計原則》編制,其應用方式應與編制經審計財務報表時使用的方式一致,但本協議中另有明確規定的除外。 儘管有上述規定,控股公司、借款人和受限制子公司的所有義務,在2月25日發佈之前,2016年的ASU將繼續作為經營租賃入賬,就所有財務定義和第一個留置權貸款文件的計算而言,(無論該經營租賃責任是否在該日期生效),儘管根據ASU(以預期或追溯基準或其他方式)要求該等責任在根據首份留置權貸款文件交付的財務報表中被視為資本化租賃責任。


—67—(b)儘管本協議有任何相反規定,為確定遵守本協議中包含的任何測試,總淨槓桿率、高級擔保優先留置權淨槓桿率、高級擔保淨槓桿率、利息覆蓋率和任何其他財務比率或測試應按備考基準計算,包括使在適用的計量期間內或該期間之後以及在進行計算的事件之前或同時進行的所有特定交易生效,以及在以備考基準進行任何決定時,該等計算須由財務主任真誠地作出,並須在無明顯錯誤的情況下為決定性的。 第1.05條交易的約定。 本協議中對控股公司、借款人及其各自子公司的所有提及均應被視為對該等人士的提及,本協議和其他優先留置權貸款文件中所載控股公司、借款人及其他貸款方的所有聲明和保證,在每種情況下,均應被視為在生效日期發生的交易生效後作出,除非上下文另有規定。 第1.06節有限條件交易。 儘管本協議或任何第一留置權貸款文件中有任何相反的規定,當計算任何適用比率、增量上限的金額或可用性、可用金額或任何其他籃子基於合併EBITDA或總資產,或確定對本協議的其他遵守情況(包括確定遵守本協議任何要求未發生違約或違約事件的條款,(a)與有限條件交易的完成有關,該比率的確定日期,增量上限的金額或可用性,根據綜合EBITDA或總資產,以及確定是否發生任何違約或違約事件或違約事件,或其他適用契約,由借款人選擇(借款人選擇行使與任何有限條件交易有關的該選擇權,稱為“LCT選擇”),被視為該有限條件交易的最終協議簽訂日期,(或就有限條件交易定義第(b)條所述的任何交易、不可撤銷通知或類似事件而言)(“LCT測試日期”),如果,該等比率及其他撥備乃於該有條件交易及其他有關交易生效後按備考基準計量,(包括任何負債的發生及其收益的使用),猶如它們發生在LCT測試日期之前結束的適用測試期開始時,借款人本可以在相關LCT測試日期按照該等比率和規定採取該等行動,則該等規定應被視為已得到遵守;但借款人可選擇在完成該等有限條件交易時重新計算相關比率和籃子。為免生疑問,(x)如超過任何該等比率或籃子,(或者,就利息覆蓋率而言,未達到),由於該比率或籃子的波動(包括由於控股及其附屬公司的綜合息税前利潤波動或任何有限條件交易目標波動)在相關有限條件交易完成時或之前,該等比率及其他規定將不會被視為因該等波動而被超過(或,就利息覆蓋比率而言,未達到),僅為確定本協議項下是否允許進行有條件交易,及(y)該等比率及其他規定不得在完成該等有條件交易或相關指定交易時進行測試。如果借款人已就任何有限條件交易作出LCT選擇,然後,在相關LCT測試日期或之後,以及在該有限條件交易完成日期或該有限條件交易的最終協議達成日期(以較早者為準)之前,終止或到期未完成該有限條件交易(或如適用,不可撤銷通知或類似事件終止或到期),任何該等比率或籃子應按備考基準計算,假設該等有限條件交易及與此相關的其他交易,(包括任何負債的產生及其收益的使用)已完成,直至適用的有限條件交易實際結束或有關該交易的最終協議終止為止或過期。


第1.07章某些決定 (a)為確定遵守第五條或第六條規定的任何盟約,(包括與任何第一留置權增量貸款有關)(無論發生時或之後),任何留置權、投資、債務、限制付款、處置或關聯交易符合一項或多項標準,第五條或第六條允許的類別(包括與任何第一留置權增量融資有關),借款人(i)應全權酌情決定該留置權屬於哪種類別,(擔保債務的留置權除外)、投資、債務(第一批留置權貸款文件下產生的債務除外)、處置、限制付款或關聯交易(或在每種情況下,其中的任何部分)是允許的,並且(ii)應允許全權酌情作出任何重新確定和/或劃分,分類或重新分類該等留置權,投資,債務,處置,限制性付款或關聯交易是允許的,但不通知第一留置權管理代理人或任何代理人,只要在重新指定時,借款人將被允許在該類別或多個類別下產生留置權、投資、債務或限制性付款(如適用)。為免生疑問,如符合本協議項下或任何其他第一留置權貸款文件項下的任何規定的適用日期並非營業日,則在該適用日期後的第一個營業日中午之前,不得要求遵守該規定。 (b)儘管本協議有任何相反規定,就任何發生的金額或達成的交易而言,(或完成)依賴本協議的條款,而不要求遵守財務比率或測試(包括但不限於任何總淨槓桿比率、高級擔保淨槓桿比率、高級擔保第一留置權淨槓桿比率及/或利息覆蓋比率)(任何該等金額,“固定金額”)實質上與發生的任何金額或訂立的交易同時發生,(或完成)依賴本協議的規定,要求遵守任何此類財務比率或測試(任何此類金額,即“基於發生的金額”),雙方理解並同意,固定金額(及其任何現金收益)在計算與該實質上同時發生的事件有關的基於事件的金額適用的財務比率或測試時,應忽略不計,但構成固定金額的債務和留置權的發生應考慮到第6.01節或第6.02節中包含的基於發生的金額以外的基於發生的金額。 (c)儘管本協議有任何相反的規定,形式債權人間協議應被視為合理,併為第一留置權管理代理人和貸款人所接受,第一留置權管理代理人和貸款人應被視為已同意使用每份此類表格債權人間協議(以及第一留置權管理代理人的執行)與擔保品擔保的任何債務有關,且允許控股公司產生、發行和/或承擔,根據第6.01條和第6.02條,借款人或其任何子公司。 第1.08節其他替代貨幣。 (a)借款人可不時要求以美元以外的貨幣或“替代貨幣”定義中明確列出的貨幣提供期限基準循環貸款或無風險利率循環貸款和/或簽發信用證。 如果提出任何有關期限基準循環貸款或無風險利率循環貸款的請求,該請求應經第一留置權管理代理人和所有循環貸款人的批准。 第一百一十二條當事人應當在第一留置權管理代理人、適用的開證銀行和所有循環貸款人的批准下,申請人應當在第一留置權管理代理人、適用的開證銀行和所有循環貸款人的批准下進行。 (b)任何此類請求應不遲於上午11:00(紐約市時間),即所需循環借款或信用證簽發日期前十(10)個工作日(或第一留置權管理代理人可能同意的其他時間或日期,如果任何此類請求涉及信用證,則各發卡銀行自行決定),向第一留置權管理代理人提出。 如有任何有關期限基準循環貸款或無風險利率循環貸款的要求,第一留置權管理代理人應立即通知各循環貸款人。 如有與信用證有關的任何此類請求,第一留置權管理代理人應立即通知相關的開證銀行。 每項循環貸款(如果涉及期限基準循環貸款或RFR)


—69—循環貸款)或各發卡銀行(如果是與信用證有關的請求)應在收到該請求後兩(2)個工作日內不遲於上午11:00(紐約市時間)通知第一留置權管理代理人,説明其是否全權決定同意以該請求貨幣開立期限基準循環貸款或無風險利率循環貸款或簽發信用證(視情況而定)。 (c)循環銀行或髮卡行(視情況而定)未能在上文第(b)款最後一句規定的時間內對該請求作出迴應,應視為該循環銀行或該髮卡行(視情況而定)的拒絕,允許以所要求的貨幣發放期限基準循環貸款或無風險利率循環貸款,或簽發信用證。 如果第一留置權管理代理人和所有循環貸款人同意以所要求的貨幣發放期限基準循環貸款或無風險利率循環貸款,則第一留置權管理代理人應通知借款人,並且在所有目的上,該貨幣應被視為本協議項下的替代貨幣,用於任何期限基準循環貸款或無風險利率循環貸款的借款。 如果第一留置權管理代理人和各開證銀行同意以所要求的貨幣簽發信用證,第一留置權管理代理人應通知借款人,並且在所有目的上,該貨幣應被視為本協議項下任何信用證簽發的替代貨幣。 如果第一留置權管理代理人未能根據本第1.08條獲得對額外貨幣的任何請求的同意,第一留置權管理代理人應立即通知借款人。 第1.09節一般貨幣等價物。 (a)第一留置權管理代理人應確定每個信用證重估日的即期匯率,用於計算借款或任何信用證的發行或其金額的延期、更新或增加的美元金額以及本協議項下以替代貨幣計值的任何未償金額。 該等即期匯率應自該信用證重估日期起生效,並應是在下一個信用證重估日期之前轉換適用貨幣之間的任何金額所採用的即期匯率。 除本協議(包括第九條)另有規定外,第一留置權貸款文件中的任何貨幣(美元除外)的適用金額應為第一留置權管理代理人或髮卡銀行(視情況而定)所確定的美元金額。 (b)在本協議中,凡與定期基準貸款或無風險利率貸款的借款、轉換、延續或預付或信用證的簽發、修訂或延期有關的,金額(如要求的最低或倍數)以美元表示,但該等借款、定期基準貸款、無風險利率貸款或信用證以替代貨幣計值,該金額應為該美元金額的相關替代貨幣等值(四捨五入至該替代貨幣的最接近單位,向上四捨五入0.5個單位),由第一留置權管理代理人或適用的髮卡銀行(視情況而定)確定。 第1.10節貨幣變動 (a)借款人以本國貨幣計價的每項付款義務 歐盟任何成員國在本協議生效日期後採用歐元為其合法貨幣的單位,應在採用歐元時重新計價(根據歐洲貨幣聯盟立法)。 如果就任何該成員國的貨幣而言,本協定中對該貨幣表示的應計利息基礎與倫敦銀行同業市場對歐元應計利息基礎的任何慣例或慣例不一致,該等明示基礎應由該成員國採用歐元為其合法貨幣之日起生效的公約或慣例取代;但如果任何以該成員國貨幣為單位的循環借款在該日期之前尚未償還,則該替換應在當時的利息期結束時生效。 (b)本協議的每一條款均應受第一留置權管理代理人不時指定的合理解釋變更的約束,以反映歐盟任何成員國對歐元的採納以及與歐元有關的任何相關市場慣例或慣例。


—70—(c)本協議的每一條款也應受第一留置權管理代理人不時指定的合理解釋變更的約束,以反映任何其他國家的貨幣變化以及與貨幣變化有關的任何相關市場慣例或慣例。 第1.11節 本協議中任何提及的合併、轉讓、合併、合併、轉讓、出售、處置或轉讓,或類似術語,應被視為適用於有限責任公司或其他人的分立或由有限責任公司或其他人進行的分立,或資產分配給一系列有限責任公司或其他人。(或取消該項劃分或分配)(任何該等交易,“分部”),猶如該等交易是一項合併、轉讓、合併、合併、轉讓、出售、處置或轉讓,或類似術語,如適用,屬於或與一個單獨的人。 有限責任公司的任何部門或其他人應構成本協議項下的單獨人員(任何有限責任公司的每個部門或作為子公司、受限制子公司、非受限制子公司、合資企業或任何其他類似術語的其他人也應構成此類人員或實體)。 第1.12節費率。 第一留置權管理代理人不保證或接受任何責任,也不承擔任何責任:(a)替代基本利率、定期SOFR參考利率、調整後定期SOFR、定期SOFR、每日簡單無利率、EURIBOR、調整後的EURIBOR、BA利率或調整後BA利率的延續、管理、提交、計算或任何其他相關事宜,定期CORRA參考利率、定期CORRA、調整定期CORRA、每日複合CORRA或其任何組成部分定義或其定義中提及的利率,或其任何替代、後續或替代利率(包括任何基準替代品),包括任何此類替代品的組成或特性,繼任率或更替率(包括任何基準替代)將類似於替代基本利率、定期SOFR參考利率、經調整定期SOFR、定期SOFR,每日簡單RFR、EURIBOR、調整後的EURIBOR、BAUIBOR參考利率或定期CORRA、調整後的BA利率定期CORRA、每日複合CORRA或其終止或不可用之前的任何其他基準,或(b)任何符合性變更的影響、實施或組成。 第一留置權管理代理人及其附屬機構或其他相關實體可參與影響替代基本利率、定期SOFR參考利率、定期SOFR、調整後定期SOFR、每日簡單無利率、EURIBOR、定期CORA參考利率、調整後的EURIBOR、BA利率或定期CORA、調整後的BA利率定期CORA或每日複合CORA,任何替代方案,繼任率或替代率(包括任何基準替代)或其任何相關調整,在每種情況下,均以不利借款人的方式進行。 第一留置權管理代理人可合理酌情選擇信息來源或服務,以確定替代基本利率、定期SOFR參考利率、定期SOFR、調整定期SOFR、每日簡單無利率、EURIBOR、定期CORA參考利率、調整後的EURIBOR、BA利率或定期CORA、調整後的BA利率定期CORA或每日複合CORA或任何其他基準,在任何情況下,根據本協議條款,借款人、任何借款人或任何其他人或實體不承擔任何種類的損害賠償責任,包括直接或間接的、特殊的、懲罰性的、附帶的或後果性的損害賠償、費用、損失或開支。(不論屬侵權行為、合約或其他性質,亦不論屬法律或衡平法),就任何該等資料來源或服務所提供的任何該等費率(或其組成部分)的任何錯誤或計算作出賠償。 第二條 信用證第2.01節承諾。 (a) (1)根據本協議所載的條款和條件,各第二次增量修訂定期貸款人同意在第二次增量修訂生效日期向借款人提供以美元計值的第二次增量修訂定期貸款,本金額不超過該第二次增量修訂定期貸款人的第二次增量修訂定期貸款承諾。在這一項下借款的數額


—71—第2.01(a)(1)節以及隨後償還或預付的款項不得再借(但是,應理解為“增量金額”定義第(i)款的目的,預付款項將被考慮在內)。 (2)在延遲提取增量承諾期內的任何時間和不時,根據本協議第4.03條規定的條款和條件,每個延遲提取增量承諾的貸款人各自同意在適用的延遲提取增量融資日期向借款人提供以美元計值的定期貸款,貸款總額為借款人要求的,但不得超過該貸款。截至緊接該借款生效前的該日期,(“延遲提取增量定期貸款”);惟延遲提取增量定期貸款的所有該等借貸的本金總額不得超過截至第二次增量修訂生效日期的延遲提取增量承諾總額;此外,延遲提取增量定期貸款應在適用的延遲提取增量資金日期以單一借款形式提供。 延遲提取增量定期貸款可以是ABR貸款或SOFR貸款,如本文進一步規定;但延遲提取增量定期貸款最初與緊接該延遲提取增量定期貸款借貸之前尚未償還的第二次增量修訂定期貸款類型相同,且利息期相同。在適用法律允許的範圍內,第二次增量修訂定期貸款和延遲提取增量定期貸款(如獲得資金)的條款相同,並應在所有目的上視為單一類別(即,“可替換”)(據瞭解,就美國聯邦所得税而言,延遲提取定期貸款及第二次增量修訂定期貸款將與循環貸款分開處理),惟延遲提取定期貸款的利息應自適用延遲提取增量供資日期開始累計。根據本第2.01(a)(2)條借入並隨後償還或預付的金額不得再借入(但應理解,為“增量金額”定義第(i)款的目的,預付款將被考慮在內)。 (3)儘管本協議有任何相反的規定,但第一留置權管理代理人可自行決定,在本協議第4.03條規定的條款和條件的前提下,代表在延遲提取增量供資日期之前有延遲提取增量承諾的每個代理人,為延遲提取增量定期貸款提供資金。在第一留置權管理代理人代表該等貸款人為延遲提取增量定期貸款提供資金的情況下,在緊接延遲提取增量定期貸款供資日期之前具有延遲提取增量定期承諾的各代理人各自同意在第一留置權管理代理人為延遲提取增量定期貸款提供資金後的一個工作日內向第一留置權管理代理人償還,且借款人同意在第一留置權管理代理人為延遲提取增量定期貸款提供資金後三(3)個工作日內,向第一留置權管理代理人償還任何未由任何承租人提供資金的款項,與該等貸款相對應的延遲提取增量定期貸款的金額,s緊接延遲提取增量資金日期之前的延遲提取增量承諾連同相關利息,自借款人獲得該筆款項之日起至(i)該筆款項償還給第一留置權管理代理人之日止的每一天,但不包括該筆款項償還給第一留置權管理代理人之日止。就借款人而言,年利率等於當時適用於構成該借款的貸款的利率,以及(ii)就該借款而言,第一留置權管理代理人確定的利率,以代表其隔夜或短期資金成本(該確定應是決定性的,無明顯錯誤)。如果該受讓人應向第一留置權管理代理人償還相應金額(為免生疑問,根據上文第(ii)款支付的利息除外),則該金額應構成該受讓人的延遲提取增量定期貸款,作為本協議的該借款的一部分。 (b)根據本協議規定的條款和條件,各循環貸款人同意在循環可用期內不時向借款人提供以美元或替代貨幣計值的適用類別的循環貸款,其總本金額不得導致該循環貸款人的該類別的循環風險超過該循環貸款人的該類別的循環貸款。 借款人可以在上述限額內並遵守本協議規定的條款和條件,借款人可以借入、預付和再借入循環貸款。


第2.02章借貸和借貸 (a)每項(i)貸款(搖擺線貸款除外)應作為借款的一部分作出,該借款由貸款人根據其各自適用類別的承諾按比例作出,而(ii)循環貸款應由循環貸款人根據其各自的循環承諾按比例作出。 任何貸款人未能提供其要求的任何貸款,不得免除任何其他貸款人在本協議項下的義務,前提是貸款人的承諾是多個,並且除本協議對違約貸款人的明確規定外,任何貸款人不對任何其他貸款人未能提供本協議要求的貸款負責。 (b)根據第2.14條的規定,每筆循環借款和定期借款應完全包括ABR貸款、定期基準貸款或無風險利率貸款(如借款人可能根據本協議要求);除非借款人已根據第2.03節發出期限基準借款或無風險利率借款所要求的通知,否則在生效日期進行的所有借款必須作為ABR借款進行,提供了一份彌償函,將第2.16節的利益擴展到貸款人,就該等借款。 以(i)美元或加拿大元計值的循環貸款可以是ABR貸款或期限基準貸款,(ii)任何替代貨幣(加拿大元除外)應為期限基準貸款或RFR貸款。 各貸款人可自行選擇,通過使該貸款人的任何國內或國外分支機構或關聯機構提供該貸款,但該等選擇權的行使不得影響借款人根據本協議條款償還該等貸款的義務。 (c)於任何期限基準借貸的每個計息期開始時,該等借貸的總金額應為借貸倍數的整數倍,且不低於最低借貸;惟因未償還期限基準借貸的持續而產生的期限基準借貸的總金額可能與該等未償還借貸相等。 在進行每筆ABR借款或RFR借款時,該借款總額應為借款倍數的整數倍,且不低於借款最低限額。 每筆Swingline貸款的金額應為借款倍數的整數倍,且不低於借款最低限額。 超過一種類型和類別的借款可能同時未償還;但任何時候未償還的期限基準借款不得超過十二筆。 儘管本協議有任何相反規定,適用類別的ABR循環借款或擺動線貸款的總額可能等於該類別的循環承諾總額的全部未使用餘額,或為償還第2.05(f)條所述的信用證支付所需的資金。 第2.03節借款申請 如要求循環借款或定期借款,借款人應通過電話通知第一留置權管理代理人(a)如果是定期基準借款或無風險利率借款,不遲於下午2:00,紐約時間(或英國倫敦時間,如果任何期限基準循環借款或以替代貨幣(加拿大元除外)進行的無風險利率借款),建議借款日期前三(3)個工作日(或,倘任何期限基準借款或無風險利率借款將於生效日期作出,或,第二次增量修訂生效日期或第三次增量修訂生效日期,一(1)個工作日)或(b)如果是ABR借款,不遲於上午10:00, 紐約市時間,在擬議借款之前的工作日。 每份電話借款申請均為不可撤銷的,並應立即以專人或傳真方式向第一留置權管理代理人確認,借款人簽署的書面借款申請基本上以附件Q的形式簽署。 每份電話和書面借款申請應指明以下信息:(i)所請求的借款是循環借款、定期借款還是任何其他類別的借款(指明其類別);(ii)該借款的總額;(iii)該借款的日期,應為營業日; [—73—(iv)該借款是否為ABR借款、期限基準借款或無風險利率借款;(v)對於期限基準借款,適用於其的初始利息期,該利息期應為“利息期”一詞的定義所設想的一個期間;(vi)借款人的賬户的地點和號碼,其應符合第2.06節的要求,或者,如果任何ABR循環借款或擺動線貸款被要求為第2.05(f)節中規定的信用證支付的償還提供資金,則提供進行該信用證支付的髮卡銀行的身份;(vii)截至該借款日期,在適用的範圍內,滿足第4.02條或第4.03條規定的條件;及(viii)如屬循環借款,則為該借款所用的貨幣,以及,如果該等借貸以加元計值,則該等借貸是否屬於兩類循環貸款或僅屬於循環貸款。 如果對於任何所請求的美元或加拿大元借款,沒有指定借款類型的選擇,則所請求的借款應為ABR借款。 如果沒有就任何要求的期限基準借款指定利息期,則借款人應被視為選擇了為期一個月的利息期。 如果沒有就任何要求的循環貸款的期限基準借款指定貨幣,則借款人應被視為要求以美元計價的借款。 在收到根據本第2.03條規定的借款申請後,第一留置權管理代理人應將其詳細情況以及作為所要求借款的一部分的該等借款人的貸款金額通知各適用類別的借款人。 第2.04節搖擺線貸款。 (a)根據本協議所述的條款和條件(包括第2.22條),根據本第2.04條規定的其他貸款人的協議,Swingline貸款人同意在循環可用期內不時向借款人發放以美元計值的Swingline貸款,於任何時間未償還本金總額,而不會導致(i)Swingline經紀人的未償還Swingline貸款超過其Swingline承擔或(ii)循環風險總額超過循環承擔總額,但不要求Swingline貸款人作出Swingline貸款,以再融資尚未償還的Swingline貸款。 借款人可在上述限額內,並根據本協議規定的條款和條件借入、預付和再借入搖擺線貸款。 (b)如申請Swingline貸款,借款人應不遲於下午12:00通過電話(書面確認)或傳真(電話確認)通知第一留置權管理代理人和Swingline代理人。紐約市時間當天提出的搖擺線貸款。 每份此類通知均不可撤銷,並應指明所要求的日期。(應為營業日),所要求的Swingline貸款的金額及(x)倘資金因借款人無法根據適用的法律規定在Swingline Bank開立一般存款賬户而不記入借款人在Swingline Bank開立的一般存款賬户,借款人將支付資金的賬户的地點和號碼,其應符合第2.06節的規定,或(y)對於任何ABR循環借款或擺動線貸款要求為第2.05(f)節中規定的信用證支付償還提供資金的情況,進行該信用證支付的髮卡行的身份。 在下午3:00之前,Swingline承銷商應通過向借款人為適用Swingline貸款在Swingline承銷商處維持的一般存款賬户貸記(或者,如果Swingline貸款是為償還第2.05(f)條規定的信用證支付提供資金,則通過匯款至適用的髮卡銀行),紐約市時間,在這種搖擺線貸款的要求日期。 如果在第2.22(a)(iv)條生效後,任何違約貸款人在當時是違約貸款人,則任何違約貸款人均無義務提供搖擺貸款。 ]-74-(C)Swingline貸款人可以不遲於紐約市時間下午12點向第一留置權行政代理髮出書面通知,要求循環貸款人在該工作日獲得全部或部分未償還Swingline貸款的參與權。該通知應具體説明循環貸款人將參與的Swingline貸款總額。在收到通知後,第一留置權管理代理人將立即向每個循環貸款人發出通知,並在通知中註明該貸款人在此類Swingline貸款或Swingline貸款中的適用百分比。各循環貸款機構在收到上述通知後,無條件地同意向第一留置權管理代理支付該貸款機構在該等貸款中的適用比例。每一循環貸款人承認並同意其根據本款獲得Swingline貸款的參與的義務是絕對和無條件的,不應受到任何情況的影響,包括違約的發生和持續,或循環承諾的任何減少或終止,並且每一筆此類付款不得有任何抵銷、抵扣、扣留或減少。每一循環貸款人應履行本款規定的義務,電匯立即可用的資金,方式與第2.06節關於該貸款人發放的貸款的規定相同(該節提及紐約市時間中午12:00,該節被視為指紐約市時間下午3:00)(第2.06節在必要的變通後適用於循環貸款人的付款義務),第一留置權管理代理應立即將其從循環貸款人收到的金額匯給Swingline貸款人。第一留置權管理代理應通知借款人參與根據本款獲得的任何Swingline貸款,此後,此類Swingline貸款的付款應支付給第一留置權管理代理,而不是Swingline貸款人。在Swingline貸款人收到出售股份的收益後,Swingline貸款人就Swingline貸款從借款人(或代表借款人的其他人)收到的任何金額,應由Swingline貸款人立即匯給第一留置權管理代理;第一留置權行政代理人收到的任何此類款項,應由第一留置權行政代理人迅速匯給已根據本款付款的循環貸款人和Swingline貸款人(視其利益而定),但任何如此匯出的款項應償還給Swingline貸款人或第一留置權行政代理人(視屬何情況而定),此後,如果因任何原因需要將該等款項退還給借款人,則應退還給借款人。根據本款購買Swingline貸款的參與權,不應免除借款人在償還貸款方面的任何違約。(D)借款人可隨時及不時指定一名或多名同意以下述身分提供服務的循環貸款人作為額外的Swingline貸款人。循環貸款人接受本協議項下的Swingline貸款人的委任,應由一份由借款人、第一留置權管理代理和指定的Swingline貸款人簽署的協議證明,該協議的形式和實質應合理地令第一留置權管理代理和借款人滿意,並且,從該協議生效之日起和之後,(I)該循環貸款人將擁有本協議項下Swingline貸款人的所有權利和義務,(Ii)本協議中提及的“Swingline貸款人”一詞應被視為包括該循環貸款人作為Swingline貸款的貸款人。(E)借款人可通過向任何Swingline貸款人提供書面通知,並向第一留置權行政代理提供一份副本,終止任何Swingline貸款人作為本協議項下的“Swingline貸款人”的委任。任何該等終止將於(I)該Swingline貸款人確認已收到該通知及(Ii)該通知交付後第五個營業日(以較早者為準)生效,但除非該Swingline貸款人的Swingline風險已減至零,否則該終止將不會生效。儘管任何此類終止生效,被終止的Swingline貸款人仍應是本協議的一方,並將繼續擁有本協議項下Swingline貸款人在終止之前發放的Swingline貸款的所有權利,但不得發放任何額外的Swingline貸款。第2.05節信用證。(A)一般規定。在符合本條款和條件(包括第2.22節)的情況下,各開證行根據第2.05節和第一留置權貸款文件中其他部分所述的循環貸款人和借款人的協議,同意為借款人自己的賬户(或為借款人的任何子公司的賬户,只要借款人是所有第一留置權貸款文件的義務人或其他貨幣)簽發以美元或替代貨幣計價的信用證


-75-信用證項下或與信用證有關的債務),以第一留置權行政代理和適用開證行合理接受的形式,反映開證行從生效日期至循環到期日前第五(5)個營業日期間的任何時間和不時的標準操作程序。如果本協議的條款和條件與借款人向適用開證行提交的任何形式的信用證或銀行擔保申請或與適用開證行簽訂的任何信用證有關的其他協議的條款和條件有任何不一致之處,應以本協議的條款和條件為準。儘管本合同有任何相反規定,開證行不得(但應被允許)開具非備用信用證的任何信用證。(B)發出、修訂、續期或延期;某些條件。第05條)、該信用證的金額和幣種、受益人的名稱和地址以及為準備、修改、續期或延期(視情況而定)所需的其他信息。每份此類通知應採用附件R的形式,並適當填寫(每份"信用證申請")。如果適用的開證銀行要求,借款人還應就任何信用證申請,使用該開證銀行的標準表格提交一份信用證申請。 信用證的簽發、修改、續期或延期,只有在下列情況下,(在任何信用證的簽發、修訂、續期或延期時,借款人應被視為聲明和保證)在簽發、修訂、續期或延期生效後,(i)根據第9.04(b)(ii)條的規定,各開證行的適用前期風險敞口不得超過開證行的承諾, 附件2.01(B)中規定的信用證分限額,(ii)總循環風險敞口不得超過總循環承諾,(iii)總信用證風險敞口不得超過信用證分限額。 信用證的簽發總額不得超過信用證的限額。 如果(i)任何政府當局或仲裁員的任何命令、判決或法令禁止或限制該開證行簽發信用證,或適用於該髮卡行的任何法律要求或任何指令(不論是否具有法律效力)任何對上述開證銀行有管轄權的政府機關的通知,應禁止一般或特別禁止信用證的簽發,應就信用證對該開證行施加任何限制、準備金或資本要求(在本協議項下,該開證行未獲得全額補償)生效日期,或應將任何未補償的損失強加給該開證行,在生效日期不適用且該髮卡行善意認為對其重要的成本或開支,(ii)該信用證的簽發將違反該開證銀行現在或以後生效並普遍適用於信用證的一項或多項政策,(iii)除非第一留置權管理代理人和適用的開證銀行另有書面協議,(iv)除非第一留置權管理代理人和該開證銀行另有約定,信用證的初始金額低於100,000美元,如果是商業信用證,或500,000美元,如果是備用信用證,或(v)任何保函在當時是違約保函,如果在第2條生效後。22(a)(iv),任何違約風險尚未解決,除非該髮卡行已訂立安排,包括交付現金抵押品,使該開證行與借款人或該代理人合理滿意,以消除該開證行,由於當時擬簽發的信用證或該信用證和所有其他信用證引起的違約風險有關哪個髮卡行違約的風險


—76—bottom正面曝光。 如果(x)根據本協議條款,該開證銀行當時沒有義務以其修改後的形式簽發該信用證,或(y)該信用證的受益人不接受該信用證的擬議修改,或(ii)如果信用證中有任何規定,在根據該信用證的任何提款之後或在該信用證的到期日之後,自動恢復全部或部分所述金額,則簽發該信用證。 每份現有信用證應構成本協議項下的信用證。 (c)通知 各開證行同意,除非已向第一留置權管理代理人發出本第2.05條第(m)(iii)段要求的書面通知,否則不允許信用證的任何簽發、修改、續期或延期。 (d)限用日期 每一信用證應在營業結束時或之前到期,(i)該信用證簽發日期後一年的日期(以較早者為準)(或如屬其延伸,(ii)有效期為五(5)日。循環到期日之前的營業日;但如果該到期日不是營業日,則該信用證應在下一個營業日的營業日結束時或之前到期;此外,任何信用證可以根據借款人的要求,包括一項條款,規定這種信用證應自動續期或延長,再連續延長一年或一年以下(但不得超過循環到期日前五(5)個營業日)除非適用的開證銀行在該信用證規定的期限內通知受益人,或者如果沒有規定期限,至少在當時適用的到期日前三十(30)天通知受益人,該信用證將不會續期或延期;此外,如果該信用證是由機構或根據其他安排以現金擔保或擔保的金額,則該信用證不必在循環到期日之前的第五(5)個營業日到期,在每種情況下,適用的開證行合理接受。為免生疑問,如果循環到期日發生在任何信用證到期之前,由於上句中的最後一項但書,則在採取該但書中所述的有關該信用證的行動後,根據終止的循環承諾參與該信用證的所有人均應終止。 (e)在信用證中的使用。 每份信用證一經簽發,(或增加信用證金額的修改),並且作為信用證簽發人的髮卡行或貸款人沒有采取任何進一步行動,每一個循環信用證應被視為已購買,適用的開證銀行應被視為已出售該信用證的份額,按比例等於根據該信用證可提取的總金額的適用百分比。 考慮到並促進上述規定,每個循環債權人特此絕對無條件同意向第一留置權管理代理人支付由該開證銀行支付的、且借款人在本第2.05節第(f)段規定的到期日未償還的每筆信用證支付的循環債權人的適用百分比,或因任何原因而須退還給借款人的任何償還款項。 該等參與者的所有資金均應以美元計值。 各循環承諾人確認並同意,其根據本段就信用證取得的參與人是絕對和無條件的,不受任何情況的影響,包括任何信用證的任何修訂或延期、違約的發生和持續、循環承諾的任何減少或終止,而根據上一句規定其須繳付的每筆款項,不得作出任何抵銷、扣減、扣留或扣減。 (f)償還信用證付款。 如果髮卡銀行就信用證作出任何信用證付款,借款人應在下午4點之前向第一留置權管理代理人支付相當於該信用證付款的金額(以當天資金計),紐約市時間,借款人收到該信用證支付通知之日(“信用證償還日期”)後的營業日,以及根據本第2.05條第(i)款規定的應計利息或費用。 儘管本協議中有任何相反的規定,(i)除非借款人在下午4:00之前通知第一留置權管理代理人和適用的髮卡銀行,紐約市時間,在信用證付款作出之日,借款人打算償還信用證付款金額的適用開證銀行(包括其任何應計利息或費用)與循環貸款收益以外的資金,借款人應被視為已及時向第一留置權管理代理人提出借款請求,請求循環貸款人提供循環貸款,是ABR


—97—(b)如果任何代理人或髮卡銀行確定,由於本協議或由其提供的貸款,或參與由其持有的信用證或搖擺線貸款,該等信用證或由該髮卡行簽發的信用證,低於該等信用證或該等信用證的水平,(考慮到該發行人或髮卡銀行的政策以及該發行人或髮卡銀行的控股公司關於資本充足率的政策),然後,借款人將不時應上述放款人或髮卡行的要求,向上述放款人或髮卡行(視情況而定)支付額外金額,以補償上述放款人或髮卡行或上述放款人或髮卡行的控股公司實際遭受的任何此類減少。 (c)向借款人交付的借款人或髮卡銀行的證明,如本第2.15條第(a)或(b)段規定的合理詳細説明,説明瞭為補償該借款人或髮卡銀行或其控股公司所需的金額(視情況而定),應在無明顯錯誤的情況下具有決定性。 借款人應在收到任何該等證書後15天內,向該貸款人或開證行支付該等證書上所示的到期金額。 (d)任何髮卡行或髮卡行未能或延遲根據本第2.15條要求賠償,不構成該髮卡行或髮卡行要求賠償的權利的放棄;但借款人不必根據本第2.15條的規定就超過180天的任何增加的費用或減少的費用向開證銀行或開證銀行進行賠償,在貸款人或髮卡行(視情況而定)通知借款人法律變更導致費用增加或減少以及貸款人或髮卡行打算為此要求賠償的日期之前;此外,如果法律變更導致費用增加或減少是追溯性的,則上述180天期限應予以延長,以包括追溯效力的期限。 (e)儘管本節另有規定,任何開證銀行或開證銀行不得根據本第2.15條要求對任何增加的成本或減少進行賠償,如果(i)開證銀行或開證銀行當時的一般政策或慣例不要求在類似情況下根據其他信貸協議的類似條款要求進行此類賠償,以及(ii)該等成本增加或減少是由於市場擾亂所致,除非該等情況普遍影響銀行市場,且當要求貸款人提出該等要求時。 第2.16節中斷資金支付。 如果(a)(i)任何定期基準貸款的任何本金的支付(不包括在適用於其的利息期的最後一天)或(ii)無風險利率貸款的任何本金的支付(無論哪種情況,包括由於違約事件),(b)任何(i)定期基準貸款的轉換(不適用於其利息期的最後一天)或(ii)無風險利率貸款的轉換(不適用於其利息支付日期);(c)沒有借款,轉換,在根據本協議交付的任何通知中指定的日期,繼續或預付任何循環貸款(無論該通知是否可根據第2.11(f)條撤銷,並根據該通知被撤銷)或(d)任何(i)定期基準貸款的轉讓,但不限於利息期的最後一天,或(ii)在任何情況下,由於借款人根據第2.19條或第9.02(c)條提出的要求,借款人應,在收到任何受任何該等事件影響的當事人的書面要求後,(該請求應詳細説明請求該數額的依據),賠償每個人的損失,由於該事件而實際產生的成本和開支(不包括利潤損失)。 為計算借款人根據本第2.16條應支付給貸款人的金額,各貸款人應被視為已為其根據調整後的SOFR、調整後的BA利率、每日簡單無風險利率或調整後的EURIBOR(視適用情況而定)為該等貸款提供了資金,(如適用)就可比較金額及可比較期間(不論該等定期基準貸款或無風險利率貸款是否實際上已獲如此供資)。 向借款人交付的任何借款證明,如合理詳細地列明該借款人根據本第2.16條有權收取的任何金額及其原因,應作為該等金額的初步證據。 借款人應在收到該要求後15天內,向該等借款人支付任何該等證書上所示的到期金額。 儘管有上述規定,本第2.16條不適用於損失、費用或


—98—由税收引起的費用,第2.17條應管轄。 儘管有上述規定,但如果在類似情況下,根據其他信貸協議的類似條款要求賠償並非該代理人的一般政策或慣例,則該代理人不得根據本第2.16條要求賠償。 第2.17節税收 (a)任何貸款方在任何優先留置權貸款文件下的任何義務或由於任何貸款方的任何義務而進行的任何和所有付款均應免除,且不扣除任何税款,適用法律要求的除外。 如果適用的扣繳義務人(為免生疑問,包括第一留置權管理代理人或任何貸款方)應根據適用的法律要求(由適用的扣繳義務人善意酌情決定)從此類付款中扣除任何税款,那麼,適用的扣繳義務人應進行此類扣繳或扣減,並應及時向有關政府機關支付全部扣繳或扣減的款項,根據適用的法律要求,且如果該等税款是賠償税或其他税款,則應根據需要增加相應貸款方應付的金額,以便在進行所有所需的扣除後,(包括適用於根據本第2.17條支付的額外金額的預扣或扣除),(或者,在支付給第一留置權管理代理人的情況下,第一留置權管理代理人)收到的金額等於在沒有作出這種預扣或扣除的情況下它會收到的金額。 (b)在不限制上述(a)段規定的情況下,借款人應根據適用的法律要求及時向相關政府機關支付任何其他税款,或根據第一留置權管理代理人的選擇及時償還任何其他税款。 (c)借款人應在書面要求後的30天內,向第一留置權管理代理人和各受試者賠償第一留置權管理代理人或該受試者支付的任何賠償税或其他税款的全部金額,任何貸款方在任何優先留置權貸款文件項下的任何義務的任何付款,以及支付的任何其他税款,第一留置權管理代理人或該等代理人(視情況而定)(包括根據本第2.17條規定的應付款項徵收或主張的或可歸因於該等款項的賠償税或其他税項),以及由此產生或與之相關的任何合理費用,無論該等賠償税或其他税項是否由相關政府當局正確或合法徵收或主張。 一份合理詳細的證明書,闡明由承租人(連同一份副本送交第一留置權管理代理人)或第一留置權管理代理人代表其本身或代表承租人交付給借款人的該等付款或債務的金額的基礎和計算,應是最終的,無明顯錯誤。 (d)在任何適用法律要求的範圍內(由第一留置權管理代理人真誠地確定),第一留置權管理代理人可以從向任何人支付的任何款項中扣除或預扣相當於任何適用預扣税的金額。如果美國國税局或任何其他政府機關或其他司法管轄區聲稱第一留置權行政代理人因任何原因沒有適當地從支付給任何人或為任何人帳户的款項中扣除税款,(包括由於適當的表格未交付或未正確執行,或因該代理人未能通知第一留置權管理代理人情況變更,致使免除或減少扣繳所得税無效),第一留置權管理代理人應當賠償並使其免受損害,(在第一留置權管理代理人尚未根據第2.17(c)條獲得貸款方償還的情況下,且在不限制貸款方根據該條款的任何義務的情況下,全額支付第一留置權管理代理人直接或間接支付的所有款項,包括法律費用和任何其他自付費用,無論有關政府當局是否正確或合法地徵收或主張該等税項。 第一留置權管理代理人交付給任何受讓人的關於該等付款或責任的金額的證明,無明顯錯誤,應為確證。 各承租人特此授權第一留置權管理代理人在任何時候將根據本協議或任何其他第一留置權貸款文件欠該等承租人的任何及所有款項抵銷本第2.17(d)條欠第一留置權管理代理人的任何款項。 本第2.17(d)條中的協議應在第一留置權管理代理人辭職和/或更換、承租人的任何權利轉讓或更換、貸款方的任何權利轉讓、


—99—終止本協議,以及償還、滿足或解除任何優先留置權貸款文件項下的所有其他義務。 (e)在貸款方根據本節向政府機構支付任何税款後,借款人應儘快向第一留置權管理代理人提交該政府機構出具的證明該付款的收據原件或經認證的副本,報告該項付款的申報書的副本或其他證明該付款的證據,使第一留置權管理代理人合理滿意。 (f)(1)每名承租人應在借款人或第一留置權管理代理人合理要求的時間,向借款人和第一留置權管理代理人提供任何法律規定或借款人或第一留置權管理代理人合理要求的任何適當填寫和簽署的文件,證明該承租人享有豁免的權利,或減少根據第一留置權貸款文件向該等承租人支付的任何款項的任何預扣税。此外,如借款人或第一留置權管理代理人合理要求,任何代理人應交付任何法律規定或借款人或第一留置權管理代理人合理要求的其他文件,以使借款人或第一留置權管理代理人能夠確定該代理人是否受後備預扣或信息報告要求的約束。 每當時間的流逝或情況的改變導致任何該等文件過期、過時或在任何方面不準確,(包括本第2.17(f)節所要求的任何具體文件),及時向借款人和第一留置權管理代理人提交更新或其他適當的文件(包括適用的預扣税代理合理要求的任何新文件)或立即書面通知借款人和第一留置權管理代理人其法律上不符合這樣做的資格。 除非適用的預扣税代理人已收到令其滿意的表格或其他文件,表明根據任何第一留置權貸款文件支付給或支付給受試者的款項不受預扣税或按適用的税務協定的税率繳納税款,借款人,第一留置權管理代理人或其他適用的扣繳義務人應扣留適用法律規定的款項,按適用的法定利率支付。 (2)在不限制前述一般性的情況下:(i)每一名美國人(定義見守則第7701(a)(30)條)應在其成為本協議一方之日或之前向借款人和第一留置權管理代理人交付(並不時根據借款人或第一留置權管理代理人的合理要求)兩份妥善填寫並正式簽署的國內税務局表格W—9副本(或任何後續表格)證明該申請人免除美國聯邦後備預扣税。 (ii)各外國承租人應在其成為本協議一方之日或之前向借款人和第一留置權管理代理人交付(並不時根據借款人或第一留置權管理代理人的合理要求)下列任何一項適用:(A)兩份妥善填寫並正式簽署的國税局表格W—8BEN—E副本(或任何繼承形式)聲稱有資格享受美利堅合眾國為締約方的所得税條約的利益,(B)兩份妥善填寫並正式簽署的國税局表格W—8ECI副本(或任何後續表格),(C)對於根據《法典》第871(h)條或第881(c)條要求證券權益豁免的外國人,(x)兩份妥善填寫並正式簽署的證書,基本上採用附件N的形式(任何此類證書稱為“美國税務合規證書”),以及(y)兩份妥善填寫並正式簽署的國税局表格W—8BEN—E(或任何後續表格)副本,


-100-(D)在外國貸款人不是實益所有人的情況下(例如,貸款人是合夥企業或參與貸款人),兩份正確填寫並簽署的外國貸款人國税局表格W-8IMY(或任何後續表格),連同表格W-8ECI、W-8BEN-E、美國税務合規證書、表格W-9、表格W-8IMY(或其他後續表格)和/或每個受益所有人根據本條款第2.17節要求提供的任何其他必要信息,如該受益所有人是貸款人(如適用),如果貸款人是合夥企業(而不是參與貸款人),並且一個或多個直接或間接合夥人要求免除投資組合利息,則貸款人可代表該直接或間接合夥人(S)或(E)兩份填妥並正式簽署的適用法律規定的任何其他表格的副本,作為申請免除或減少美國聯邦預扣税的依據,並附上適用法律要求可能規定的補充文件,以允許借款人和第一留置權行政代理人確定所需的扣繳或扣除。(Iii)如果根據任何第一留置權貸款文件向任何貸款人或其他接受者支付的款項,如果該貸款人或其他接受者未能遵守FATCA的適用報告要求(包括守則第1471(B)或1472(B)節所載的要求,視情況而定),則該貸款人或其他接受者將被FATCA徵收美國聯邦預扣税,受款人應在法律規定的一個或多個時間以及借款人或第一留置權行政代理人合理要求的一個或多個時間向借款人和第一留置權行政代理人交付適用法律規定的文件(包括守則第1471(B)(3)(C)(I)條規定的文件)以及借款人或第一留置權行政代理人合理要求的其他文件,以便借款人和第一留置權行政代理人履行其在FATCA項下的義務,並確定該受款人是否履行了FATCA項下的義務,如有必要,以確定扣除和扣繳此類款項的金額。僅就本條第(Iii)款而言,“FATCA”應包括在本協定日期後對FATCA所作的任何修訂。(3)儘管本條(F)有任何其他規定,貸款人無須交付其在法律上沒有資格交付的任何表格或證明文件(第(F)(I)、(Ii)及(Iii)條所列的文件除外)。(4)各貸款人特此授權第一留置權行政代理人將該貸款人根據第2.17(F)節向第一留置權行政代理人提供的任何文件交付給貸款當事人和任何繼承人。(G)如果第一留置權管理代理人或貸款人(或任何其他當事人,如適用)收到任何已由借款人(或任何其他貸款方,如適用)賠償的或借款人根據第2.17節支付的額外金額的任何補償税或其他税款的退款(無論是以現金收到或作為應付税款的抵銷),則其應向借款人支付相當於該退款的金額(但僅限於已支付的賠償款項或已支付的額外金額,借款人根據本第2.17節就導致該退款的補償税或其他税項),扣除第一留置權行政代理或該貸款人的所有自付費用(包括税款),且無利息(相關政府當局就該退款支付的任何利息除外);但借款人應第一留置權行政代理或該貸款人的要求,在第一留置權行政代理或該貸款人被要求向該政府當局償還該等款項的情況下,迅速同意將已支付給借款人的款項(加上有關政府當局施加的任何罰款、利息或其他收費)償還給該第一留置權行政代理或該貸款人。第一留置權行政代理人或該貸款人(視屬何情況而定)應應借款人的請求,向借款人提供一份關於要求償還從有關政府當局收到的退款的任何評估通知或其他證據的副本(但第一留置權行政代理人或該貸款人可刪除任何


—101—其中第一留置權管理代理人或該代理人認為保密的信息)。 儘管有任何相反的規定,本第2.17(g)條不得解釋為要求第一留置權管理代理人或任何代理人向任何貸款方或任何其他人提供其納税申報表(或其認為保密的與税收有關的任何其他信息)。 (h)本第2.17條中的協議應在第一留置權管理代理人辭職或更換、任何權利轉讓或更換、本協議終止、貸款和所有其他應付款項的支付後繼續有效。 (i)就本第2.17條而言,術語“髮卡行”應包括任何髮卡行和Swingline髮卡行,術語“適用法律要求”包括FATCA。 第2.18節一般付款;按比例待遇;分攤分攤。 (a)借款人應支付任何優先留置權貸款文件規定的每筆款項(無論是本金、利息、費用或信用證付款的償還,或根據第2.15、2.16或2.17節應付的金額,或其他)在本協議或其他優先留置權貸款文件明確要求的時間之前(或,如果沒有明確要求,則在下午2時之前,紐約市時間,或如以其他貨幣(加拿大元除外)預付任何借款,則在到期日以即時可用資金支付,不附帶條件或扣除任何反訴、補償或抵銷。 第一留置權管理代理人酌情決定,在該時間之後於任何日期收到的任何款項可視為已於下一個隨後的營業日收到,以計算有關利息。 除本協議另有明確規定外,以及除以替代貨幣計值的貸款本金或利息外,所有此類付款應以美元支付至第一留置權管理代理人可能指定的賬户。 除非本協議另有明確規定,且除以美元計值的貸款本金或利息外,借款人在本協議項下就以替代貨幣計值的貸款本金和利息支付的所有款項,應以替代貨幣支付至第一留置權管理代理人可能指定的賬户。 如果由於任何原因,任何法律要求禁止借款人以替代貨幣支付本協議項下的任何規定付款,則借款人應在替代貨幣支付金額的美元金額中以美元支付該等付款(雙方同意,就本句而言,美元數額應為任何代理人通知第一留置權管理代理人作為數額的數額,如該代理人善意確定,該代理人要求購買替代貨幣付款金額)。 直接向任何髮卡銀行或搖擺線代理人支付的款項應按本協議明確規定支付,但根據第2.15、2.16、2.17和9.03條的款項應直接向有權獲得的人支付,而根據其他優先留置權貸款文件的款項應向其中指定的人支付。 第一留置權管理代理人應在收到該等款項後立即將其為任何其他人的帳户分配給適當的接收人。 除本協議另有規定外,如任何第一留置權貸款文件項下的任何付款到期日非營業日,付款日期應延至下一個營業日。 除本協議另有規定外,倘定期基準貸款或無風險利率貸款的任何付款於營業日以外的某一天到期及應付,則其到期日應延至下一個營業日,除非有關延期的結果是將有關付款延至另一個歷月,在此情況下,有關付款應於緊接上一個營業日作出。 如根據前兩句的規定支付本金,應按延期期間當時適用的利率支付利息。 (b)如果在任何時候,第一留置權管理代理人收到和可用的資金不足以全額支付所有本金、未償還的信用證付款、利息和費用,則該資金應用於(i)首先,用於支付當時到期的利息和費用,根據當時到期的利息和費用,在有權獲得該等款項的各方之間按比例分配,及(ii)第二,支付本金和當時到期的未償還信用證付款,根據當時到期的本金和未償還信用證付款,在有權獲得該款項的各方之間按比例分配。 (c)如果任何代理人通過行使任何抵銷權、反訴權或其他方式,就其任何循環貸款、定期貸款或參與信用證的任何本金或利息獲得付款,


-102-付款或Swingline貸款導致該貸款人收到的循環貸款、定期貸款和參與LC付款和Swingline貸款的總金額的支付比例高於任何其他貸款人收到的比例,則獲得該較大比例的貸款人應在必要的範圍內購買(以面值現金形式)參與其他貸款人的循環貸款、定期貸款和參與LC付款和Swingline貸款,以便貸款人根據各自循環貸款的本金和應計利息總額按比例分享所有此類付款的利益,定期貸款和參與LC付款和Swingline貸款;但(I)如果購買了任何這種參與,並收回了由此產生的全部或任何部分付款,則這種參與應被撤銷,並將購買價格恢復到收回的範圍內,不收取利息,以及(Ii)本款規定不得解釋為適用於(A)借款人根據並按照本協議的明示條款(包括因違約貸款人的存在而產生的資金的運用)所作的任何付款,(B)貸款人作為轉讓或出售其任何貸款或參與LC付款或Swingline貸款的參與的代價而獲得的任何付款,或(C)任何類別的貸款人由於貸款人延長某些但不是所有此類貸款或循環承諾的到期日或到期日,或同意任何此類延期的貸款人的貸款適用利率的任何提高而獲得的任何不成比例的付款。借款人同意上述規定,並同意,在其根據適用法律可以有效地這樣做的範圍內,根據上述安排獲得參與的任何貸款人可以完全行使借款人關於這種參與的抵銷權和反請求權,就如同該貸款人是借款人的直接債權人一樣。(D)除非第一留置權管理代理人在任何款項應由貸款人或開證行支付給第一留置權行政代理人的日期前收到借款人通知,借款人將不會付款,否則第一留置權行政代理人可假定借款人已根據本協議於該日期付款,並可根據該假設並根據其全權酌情決定權,將應付金額分配給貸款人或開證行(視屬何情況而定)。在這種情況下,如果借款人事實上沒有支付,則每一貸款人或開證行(視屬何情況而定)分別同意應要求立即將如此分配給該貸款人或開證行的金額連同利息償還給第一留置權管理代理人,自該款項分配給該貸款人或開證行之日起計(包括該日在內),但不包括向第一留置權管理代理人付款之日,按照聯邦基金有效利率(如果以美元或任何替代貨幣(加拿大元除外)計價)或BATerm Corra參考利率(如果以加元計價)和第一留置權行政代理根據銀行業關於銀行間薪酬的規則確定的利率中較大的一個計算。(E)如任何貸款人未能按照第2.04(C)節、第2.05(E)節或第2.05(F)節、第2.06(A)節或第2.06(B)節、第2.18(D)節或第9.03(C)節的規定支付任何款項,則第一留置權行政代理人可酌情決定並按照第一留置權行政代理人決定的順序(儘管本合同有任何相反規定),(I)將第一留置權行政代理此後收到的任何金額用於該貸款人的賬户,以履行該貸款人在該條款下的義務,直到所有該等未履行的債務全部付清為止,和/或(Ii)將該等金額作為現金抵押品保存在一個單獨的賬户中,用於該貸款人根據任何該條款承擔的任何未來資金義務。第2.19節減輕義務;替換貸款人。(A)如果任何貸款人根據第2.15款要求賠償,或者如果借款人根據第2.17款被要求為任何貸款人的賬户向任何貸款人或任何政府當局支付任何額外金額,或者任何事件導致第2.23條的實施,則該貸款人應盡合理努力指定不同的貸款辦事處,以資助或登記其在本協議項下的貸款或參與受此類事件影響的任何信用證,或將其在本協議項下的權利和義務轉讓和委託給其另一個辦事處、分支機構或附屬公司,如果該貸款人認為,這種指定、轉讓和轉授(I)將取消或減少根據第2.15或2.17款應支付的金額,或減輕第2.23款(視情況而定)的適用性,(Ii)不會使貸款人承擔貸款人合理地認為是重大的任何未償還成本或支出,並且不會與該貸款人的內部政策不一致,或在任何實質性的經濟、法律或監管方面對其不利。


—103—(b)如果(i)任何分包商根據第2.15條要求賠償或根據第2.23條發出通知,(ii)借款人根據第2.17條要求為任何分包商的帳户向任何分包商或任何政府機構支付任何額外款項,(iii)任何分包商成為或成為不合格分包商,或(iv)任何分包商成為違約分包商,則借款人可自行承擔費用並盡一切努力,在通知該受讓人和第一留置權管理代理人後,要求該受讓人無追索權地轉讓和授權,(根據第9.04條所載的限制並受其限制),其所有利益,權利(根據第2.15條或第2.17條的現有付款權利除外)以及本協議和其他優先留置權貸款文件項下的義務,(如受讓人接受該項轉讓及轉授,則受讓人可為另一受讓人);(a)借款人應事先收到第一留置權管理代理人的書面同意,但該同意是根據第9.04(b)條所要求的。貸款或承諾的轉讓,如適用(如果轉讓和委託循環承諾,則各開證行和各搖擺行),在每種情況下,不得無理地扣留或拖延同意,(B)該貸款人應已收到一筆款項,數額相等於其貸款的未償還本金,以及未償還的信用證付款及搖擺線貸款的參與人,以及應計但未付利息,應計但未付的費用和受讓人應支付的所有其他款項,(以該未償還本金及應計利息及費用為限)或借款人(如屬所有其他款額),(C)借款人或該受讓人應支付(除非放棄)第9.04(b)(ii)和(D)條規定的處理和記錄費支付給第一留置權行政代理人如果任何此類轉讓是由第2.15條下的賠償要求引起的,或根據第2.17條要求支付的款項或根據第2.23條發出的通知引起的,此類轉讓將導致此類補償或付款的實質性減少。 如果在此之前,由於受讓人的放棄或其他原因(包括由於受讓人根據上文(a)段採取的任何行動),借款人有權要求轉讓和轉授的情況不再適用,則受讓人無須作出任何轉讓和轉授。 本協議各方同意,根據本段所要求的轉讓可以根據借款人、第一留置權管理代理人和受讓人簽署的轉讓和假設進行,並且進行該轉讓的人不必是該轉讓的一方。 第2.20節增量信貸延期。 (a)借款人可在生效日期後的任何時間或不時一次或多次,向第一留置權管理代理人發出書面通知,要求(i)一個或多個額外類別的定期貸款(每一項為“第一次留置權遞增定期貸款”),(ii)一項或多於一項與任何現有類別定期貸款相同類別的額外定期貸款(三)任何類別的循環承諾金額增加一次或多次增加(每次增加,(iv)一個或多個額外類別的循環承諾(“額外/替代循環承諾”,以及任何第一留置權增量定期貸款、第一留置權增量定期貸款和增量循環承諾增加,“第一留置權增量貸款”及其項下的任何貸款,統稱為“增量貸款”);但在下文所述的任何增量融資修訂生效後,以及在作出或實施任何該等第一留置權增量融資時,概無違約事件發生及持續。 儘管本協議有任何相反規定,可於任何時間產生的第一筆留置權增量融資的本金總額不得超過當時的增量上限。 每項第一留置權增量融資的最低本金額為5,000,000美元,如該增量融資以美元計值,則該等增量融資的本金額為1,000,000美元的整數倍(除非借款人和第一留置權管理代理人另有約定);惟該金額可能少於$5,000,000,且該金額代表上述第一留置權增量融資本金總額下的所有剩餘可用性。 (b)(i)第一筆留置權遞增定期貸款(a)應(i)在付款權上與定期貸款同等或較低,(ii)如有擔保,僅由以同等或較低的基礎擔保有擔保債務的抵押品擔保,且(iii)僅由貸款方擔保,(b)到期豁免金額除外,不得早於最後到期日到期(除傳統過渡貸款外),(c)除到期豁免額外,到期加權平均年期不得短於餘下的第二次增量修訂定期貸款(除傳統過渡貸款外),(d)有到期日。(在第(b)條的規定下),攤銷時間表(除第(c)條另有規定外),利率(包括通過固定利率),"最惠國"條款(如果有),息差,利率下限,前期費用,資金折扣,原始發行折扣,財務契約(如有)、預付款條款和保費 [-104-以及借款人及其下的其他定期貸款人確定的其他條款和條件;但對於任何第一留置權增量定期貸款(不超過(A)$178,000,000和(B)最近結束測試期的綜合EBITDA的100%,按形式計算)發生的任何第一留置權增量定期貸款(I)由與第二增量修訂期限貸款和延遲提取增量期限貸款同等權利的定期貸款組成,並由抵押品與擔保債務按同等比例擔保,(Ii)在第二個增量修訂生效日期後十二(12)個月之前發生,(Iii)期限到期日早於第二筆增量修訂定期貸款和延遲提取增量定期貸款到期日後十二(12)個月的日期,以及(Iv)以美元計價,如果任何該等第一留置權增量定期貸款的有效收益率每年高於第二筆增量修訂定期貸款和延遲提取增量定期貸款的實際收益率0.50%以上,則第二增量修正定期貸款和延遲提取增量定期貸款的有效收益率應在必要的程度上增加,以使第二增量修正定期貸款和延遲提取增量定期貸款的有效收益率等於該第一留置權增量定期貸款的有效收益率減去每年0.50%(但適用於未償還的第二增量修正定期貸款和延遲提取增量定期貸款的“下限”應提高至不超過適用於該第一留置權增量定期貸款的“下限”第二次增量修正案定期貸款和延遲提取增量定期貸款(當時未償還)(本但書,“第一留置權最惠國保障”),以及(E)在其他方面可能有不同於定期貸款的條款和條件(包括貨幣面值);但(X)在有關此類第一留置權增量定期貸款的條款和文件與現有定期貸款不一致的範圍內(除上文(B)、(C)和(D)款所述事項外),任何此類第一留置權增量定期貸款的契諾、違約事件和擔保在整體上對借款人的限制不得比第二增量修正案定期貸款的條款有實質性的限制,除非(1)第二增量修正案定期貸款的貸款人也獲得此類更具限制性的條款的好處(應理解,任何契約、為了任何增量定期貸款的利益而增加或修改違約或擔保的情況下,不需要得到第一留置權行政代理或任何定期貸款人的同意,只要該契約、違約事件或擔保也是為了現有定期貸款的利益而增加或修改的)或(2)任何此類規定在期限到期日之後適用,(Y)在任何情況下,任何此類第一留置權增量期限貸款的有效性或借款不得以任何貸款方的任何陳述或擔保真實和正確為條件,除非且僅限於提供此類第一留置權增量定期貸款的額外定期貸款人所要求的範圍。任何首次留置權遞增期限的增加應以相同的條款和適用於定期貸款的相同文件為依據(上文(B)、(C)和(D)條所述事項除外)。任何增量定期貸款應以借款人和提供此類增量定期貸款的額外定期貸款人確定的文件為準,但須受上述限制和例外情況的約束。(2)首次留置權增額定期貸款應與被增加的定期貸款類別被同等對待(包括其到期日),應被視為被增加的定期貸款類別的一部分,並應以適用於適用的定期貸款類別的相同條件(不包括預付費用和慣常安排人費用)對待;條件是:(I)定價、利差、增加的定期貸款類別的“最惠國”(如果有的話)的撥備和利率下限可以增加,並且可以向提供第一次留置權增量期限增加的貸款人支付額外的預付或類似的費用(無需向任何現有的定期貸款人支付此類費用)和(Ii)這種首次留置權增量期限增加應服從第2.20(B)(I)節的但書中規定的“最惠國”定價調整(如果適用),就像這種首次留置權增量期限增加是本協議項下產生的第一次留置權增量期限安排(除第二個增量修正期限融資機制和延遲提取增量期限融資機制外)。(3)遞增的循環承付款應被視為正在增加的循環承付款類別的一部分(包括其到期日),應被視為正在增加的循環貸款類別的一部分,並應以適用於循環貸款的相同條件(不包括預付費用和慣常安排人費用)對待;但如果正在增加的循環承付款類別的定價、利差、“最惠國”(如有)撥備、利率下限和未提取的承諾費可以提高,則可向提供遞增的循環承付款的貸款人支付額外的預付費用或類似費用。]—105—循環承諾增加(不要求向任何現有循環貸款人支付此類費用)。 (iv)額外/替代循環承諾(a)應(i)在付款權上與循環貸款同等或較低,(ii)如有擔保,則僅由以同等或較低的基礎擔保有擔保債務的抵押品擔保,以及(iii)僅由貸款方擔保,(b)不得早於循環到期日到期(常規過渡貸款除外),且在循環到期日之前不要求計劃攤銷或強制性承諾減少,(c)有利率(包括通過固定利率)、息差、利率下限、前期費用、未提取承諾費用、融資折扣、原始發行折扣、預付款條款和溢價、財務契約(如有)承諾減少和終止條款以及借款人和該等承諾的貸款人確定的其他條款和條件,(d)應包含借貸,借款人和貸款人確定的償還和終止承諾程序,(e)可包括與根據該程序簽發的信用證有關的條款,這些簽發的條款應基本相似(除此類次級貸款的總體規模、與此相關的應付費用以及信用證簽發人的身份外,由借款人、此類承付款的放款人和適用的信用證簽發人以及與此相關的借款、償還和終止承付款程序確定,在適用的增量貸款修訂案中規定的每種情況下)(c)根據適用的循環承諾類別的信用證條款或其他合理接受的其他條款,第一留置權行政代理人,及(f)其他條款和條件可能不同於根據本協議作出的循環承諾和循環貸款(包括貨幣面額);條件是,有關此類額外/替換循環承諾的條款和文件與現有循環承諾不一致(除上文第(b)、(c)、(d)及(e)條所設想的事項外),任何該等額外/替代循環承諾的契諾、違約事件及擔保,在整體上對借款人的限制不得較大,(1)循環承諾下的貸款人也受益於此類限制性更強的條款(有一項理解,在為任何額外/替代循環承諾而增加的任何財務維持契約的範圍內,不需要第一留置權管理代理人或任何循環貸款人的同意,只要該財務維持契約也是為了現有循環承諾的利益而增加的),(2)任何該等條款在循環到期日之後適用,或(3)該等條款應令第一留置權管理代理人和借款人合理地滿意。 任何額外/替代循環承諾應符合借款人和提供該額外/替代循環承諾的額外/替代循環貸款人確定的條款和文件,但須遵守上述限制。 (c)第一留置權增量貸款應根據本協議的修訂案(“增量貸款修訂案”)和(視情況而定)借款人簽署的其他第一留置權貸款文件(如有),每個附加貸款人同意提供該等承諾或貸款(如有),每個附加貸款(如有)和第一留置權管理代理人。 任何增量貸款修正案可規定根據任何增量循環承諾增加或由此確立的額外/替代循環承諾,為借款人開具信用證,在每種情況下,其條款實質上等同於循環承諾下適用的信用證條款;但在沒有其書面同意的情況下,任何髮卡銀行均不得被要求擔任“髮卡銀行”,任何Swingline代理人不得被要求擔任“swingline貸款人”。 在借款人事先書面同意(不得無理拒絕)的前提下,任何現有承租人可提供第一留置權增量融資(應理解,任何現有承租人無須參與任何第一留置權增量融資,或除非其同意,否則有義務提供任何第一留置權增量融資)或任何額外承租人提供第一留置權增量融資。 第一留置權增量融資項下的任何貸款,就本協議和其他第一留置權貸款文件而言,均為“貸款”。 根據第2.20(b)條的規定,在未經任何其他貸款人同意的情況下,增量貸款修訂案可根據第一留置權管理代理人和借款人的合理意見,對本協議和其他第一留置權貸款文件實施必要的修訂,以實施本第2.20條的規定(包括,就增量循環承諾增加或額外/替代循環承諾而言,在相關循環貸款人之間按比例重新分配循環風險,以及就建立任何定期貸款的增量融資修訂案而言,以允許轉讓此類定期貸款給借款人及其附屬機構)。 此外,倘相關增量融資修訂案另有規定,


—106—參與循環到期日或之後到期的信用證的各開證銀行的同意,應根據該增量貸款修訂案的條款,從持有循環承諾的貸款人重新分配給持有延長循環承諾的貸款人;但前提是,持有循環承諾的相關貸款人收到該等參與權益後,該等參與權益的條款(包括但不限於適用於其的佣金)應相應調整。任何增量融資修訂的有效性和任何信貸事件的發生(包括髮放(但不包括轉換或繼續)貸款和發放,增加金額,或根據此規定延長信用證)根據該增量融資修訂案,應滿足協議各方同意的條件,並按照本第2.20條的要求。 借款人將使用第一筆留置權增量定期貸款、增量循環承諾增加和額外/替代循環承諾的所得款項用於本協議允許的任何用途。 (d)儘管有任何相反的規定,本第2.20條應取代第2.18條或第9.02條中的任何相反規定。 第2.21節再融資修正案 在生效日期後的任何時間,借款人可從任何擔保人或任何額外擔保人獲得信貸協議再融資債務,(就本條第(i)款而言,該款將被視為包括當時尚未償還的其他優先留置權貸款),(ii)全部或部分循環貸款(或未使用的循環承諾)(就本條第(ii)款而言,其將被視為包括任何當時尚未償還的其他循環貸款和其他循環承擔)及(iii)全部或任何部分增量等值債務,(x)其他優先留置權期限貸款或其他優先留置權期限承諾或(y)其他循環貸款或其他循環承諾,視情況而定,在每種情況下根據再融資修正案;前提是該信貸協議再融資債務(i)僅在本協議中增加了額外貸款類別的情況下可用,(ii)將無抵押,或將由抵押品以同等或較低的基礎作為抵押,與有抵押債務(如有擔保,受第一/第二留置權互債權人協議和/或習慣互債權人協議的條款,如適用),(iii)將具有借款人和貸款人可能同意的定價和選擇性預付條款,及(iv)該信貸協議再融資債務的淨收益應基本上與該債務的發生同時用於預付未償還定期貸款或減少被如此再融資的循環承諾,或預付、清償和解除或贖回未償還增量等價債務(視情況而定)。 任何再融資修正案的有效性,應取決於提供該信貸協議再融資債務的放款人與借款人之間商定的條件在修正案生效之日得到滿足,以及在第一留置權管理代理人合理要求的範圍內,第一留置權管理代理人收到法律意見、董事會決議,與第4.01條規定的生效日期交付的人員證書和/或重申協議一致(除法律變更導致的法律意見變更外,事實的改變或律師的意見形式的改變,使第一留置權行政代理人合理滿意)。 根據本第2.21節發生的每類信貸協議再融資債務的本金總額應為(x)對於其他定期貸款不少於10,000,000美元,對於其他循環貸款不少於10,000,000美元,以及(y)對於1,000美元的整數倍,超過1000美元(在每種情況下,除非借款人和第一留置權管理代理人另有協議)。 任何再融資修訂案可規定根據由此確立的任何其他循環承諾,為借款人開具信用證,或向借款人提供擺動貸款,在每種情況下,條款實質上等同於循環承諾項下適用於信用證和擺動貸款的條款;但在未經其書面同意的情況下,任何髮卡行或Swingline代理人不得作為任何該等再融資修訂案下的“髮卡行”或“Swingline貸款人”。 第一留置權管理代理人應及時通知各代理人每項再融資修正案的效力。 本協議各方特此同意,在任何再融資修正案生效後,本協議應被視為修正案,(但僅限於)反映信貸協議的存在和條款所必需的再融資根據該協議產生的債務(包括任何必要的修訂,以處理受其約束的貸款和承諾作為其他第一留置權定期貸款,其他循環貸款,其他循環承諾和/或其他第一留置權承諾)。 任何再融資修正案,未經任何其他貸款人同意,可以在本協議和其他優先留置權貸款文件中進行必要或適當的修訂,


-107-第一留置權行政代理和借款人的合理意見,以實施第2.21節的規定(包括增加增量循環承付款或增加/替換循環承付款,在相關循環貸款人之間按比例重新分配循環風險)。此外,如果相關再融資修正案有此規定,並經各開證行同意,在循環到期日或之後到期的信用證的參與額應根據該再融資修正案的條款從持有循環承諾的貸款人重新分配給持有延長的循環承諾的貸款人;但此類參與權益在持有循環承諾的相關貸款人收到後應被視為此類循環承諾的參與權益,此類參與權益的條款(包括但不限於對其適用的佣金)應作相應調整。(A)第2.21節應取代第2.18節或第9.02節中與之相反的任何規定。第2.22節違約貸款人。(一)調整。即使本協議有任何相反規定,如果任何貸款人成為違約貸款人,則在該貸款人不再是違約貸款人之前,在適用法律允許的範圍內:(I)豁免和修訂。違約貸款人批准或不批准與本協議有關的任何修改、放棄或同意的權利應按照第9.02節的規定加以限制。(2)付款的重新分配。根據第2.11(F)節最後一句的規定,第一留置權管理代理人為違約貸款人的賬户收到的任何本金、利息、手續費或其他款項(無論是自願的還是強制性的,在到期時,根據第七條或其他規定,包括違約貸款人根據第9.08節向第一留置權行政代理人提供的任何金額),應在第一留置權行政代理人決定的一個或多個時間內使用:第一,該違約貸款人向本合同第一留置權行政代理人支付的任何款項;第二,在循環貸款人的情況下,按比例支付該違約貸款人欠每個開證行和Swingline貸款人的任何款項;第三,根據借款人的要求(只要不存在違約或違約事件),為違約貸款人未能按照第一留置權管理代理人確定的本協議所要求的部分提供資金的任何貸款提供資金;第四,在循環貸款人的情況下,如果第一留置權管理代理和借款人有這樣的決定,將被持有在無息存款賬户中,並被解除,以履行違約貸款人在本協議下為貸款提供資金的義務;第五,由於任何貸款人、開證行或Swingline貸款人因違約貸款人違反其在本協議下的義務而獲得的具有管轄權的法院對該違約貸款人的任何判決,應向貸款人、開證行或Swingline貸款人支付的任何款項;第六,只要不存在違約或違約事件,任何貸款方因違約貸款人違反本協議規定的義務而獲得的任何有管轄權的法院對該違約貸款人作出的判決,應向該貸款方支付的任何款項;和第七,向該違約貸款人或有管轄權的法院另有指示的付款;但如該項付款是支付任何貸款或信用證付款的本金,而該貸款人根據其定義(A)款屬違約貸款人,則該項付款須在依據第2.05(J)條或第2.22(A)(Ii)條適用前,只按比例用於支付有關非違約貸款人的有關貸款及信用證付款。向違約貸款人支付或應付的任何款項、預付款或其他金額,如根據第2.05(J)條用於(或持有)償付違約貸款人所欠金額或用於郵寄現金抵押品,應被視為已支付給違約貸款人並由該違約貸款人重新定向,且每個貸款人均不可撤銷地同意本協議。(Iii)某些費用。違約貸款人(X)無權根據第2.12(A)或(C)款在該貸款人為違約貸款人的任何期間收取或累計任何承諾費(借款人不應被要求向違約貸款人支付任何此類費用),而(Y)應限於第2.12(B)節規定的收取信用證費用的權利。


-108-(4)重新分配適用的百分比,以減少正面接觸。在出現違約貸款人的任何期間,為了計算每個非違約貸款人根據第2.04和2.05節收購、再融資或資助參與Swingline貸款和信用證的義務的金額,以及根據第2.12(B)節支付的參與費,應計算每個非違約貸款人的“適用百分比”,而不影響該違約貸款人的循環承諾;但每一非違約貸款人收購、再融資或出資參與信用證和Swingline貸款的總債務不得超過(1)該非違約貸款人的循環承諾減去(2)該非違約貸款人的循環貸款本金總額的正差額(如有)。(V)現金抵押品,償還Swingline貸款。如果上述第(Iv)款所述的重新分配不能或只能部分實現,借款人應在不影響其根據本條款或法律享有的任何權利或補救措施的情況下,(X)首先,按照第2.05(J)節規定的程序,預付Swingline貸款,金額相當於Swingline貸款人的違約貸款人的預先風險,以及(Y)第二,現金抵押開證行適用的預先風險。(B)違約貸款人補救辦法。如果借款人、第一留置權管理代理、Swingline貸款人和各開證行在其合理酌情權下以書面形式同意違約貸款人不再被視為違約貸款人,第一留置權管理代理將通知雙方當事人,自通知中規定的生效日期起,並受通知中規定的任何條件(可能包括關於任何現金抵押品的安排)的約束,該貸款人將在適用的範圍內,購買該類別其他適用貸款人的該部分未償還貸款,或採取第一留置權管理代理人認為必要的其他行動,以促使該類別的適用貸款人根據其適用的百分比(不影響第2.22(A)(Iv)節或其定義的但書)按比例持有該類別的適用貸款以及有資金和無資金參與的此類信用證和擺動貸款,因此該貸款人將不再是該類別的違約貸款人;但不得就借款人作為違約貸款人期間由該借款人或其代表所累算的費用或支付的款項作出追溯調整;此外,除非受影響各方另有明確協議,否則本協議項下由違約貸款人變為貸款人的任何變更,均不構成放棄或免除任何一方因該貸款人是違約貸款人而產生的任何索償。第2.23節非法性。如果任何貸款人確定任何法律已將其定為非法,或任何政府當局聲稱,任何貸款人發放、維持或資助其利息由調整後的期限SOFR、調整後的BA RateTerm Corra、每日簡單RFR或調整後的EURIBOR(無論是以美元還是以替代貨幣計價)確定的貸款,或根據調整後的期限SOFR、調整後的BA RateTerm Corra、每日簡單RFR或調整後的EURIBOR確定或收取利率是非法的,則在該貸款人通過第一留置權管理代理向借款人發出有關通知後,(I)貸款人以受影響貨幣發放或延續定期基準貸款或RFR貸款,或將ABR貸款轉換為受影響貨幣的定期基準貸款或RFR貸款的任何義務應被暫停,及(Ii)如果通知斷言該貸款人發放或維持ABR貸款是非法的,其利率是參考備用基本利率的經調整期限Sofr部分或加拿大基本利率的經調整BA RateTerm Corra部分確定的,則該貸款人的此類ABR貸款的利率應在必要時避免此類違法行為,由第一留置權管理代理人決定,而不參考備用基本利率的經調整期限SOFR部分或加拿大基本利率的經調整BA RateTerm Corra部分(視情況而定),直至該貸款人通知第一留置權管理代理人及借款人導致該決定的情況不再存在為止。在收到該通知後,(X)借款人應在該貸款人發出三個工作日的通知後(複印件給第一留置權管理代理),預付或(I)如果適用,且該等貸款以美元或加元計價,將該貸款人以美元或加元計價的所有定期基準貸款轉換為ABR貸款(如有必要,該貸款人的ABR貸款的利率應由第一留置權管理代理確定,如有必要,不應參考備用基本利率的調整後期限Sofr部分或加拿大基本利率的調整後BA RateTerm Corra部分,視情況而定)。在其利息期限的最後一天,如果該貸款人可以合法地繼續維持該定期基準貸款


—109—該日,或立即,如果該貸款人不能合法地繼續維持該等期限基準貸款,或(II)如適用,且該等貸款以替代貨幣計值,(加拿大元除外),在借款人和適用貸款人同意的範圍內,將該等貸款轉換為按借款人和所有適用貸款人共同接受的替代利率計息的貸款,在每種情況下,在利息期的最後一天,如果該受試者可以合法地繼續維持該等期限基準貸款或無風險利率貸款,則立即進行;如果該受試者不能合法地繼續維持該等期限基準貸款或無風險利率貸款;但是,如果借款人和適用的貸款人不能在合理時間內就以替代貨幣計價的此類貸款的替代利率達成協議,(加拿大元除外),借款人可酌情決定(i)預付該等貸款或(ii)維持該等貸款未償還,在這種情況下,就該等貸款向適用的貸款人支付的利率將由該等貸款人確定,作為其資金成本的利率,到期日與適用的利息期加上適用利率相當,除非在此基礎上維持該等未償貸款不會阻止本第2.23節第一句所述條件的現有,(在此情況下,借款人須預先償還該等貸款)。及(y)倘該通知聲稱該等通知根據經調整期限SOFR或經調整BA利率Terms CORRA釐定或收取利率的非法性,第一留置權管理代理人應在中止期間計算替代基本利率或加拿大基本利率,視情況而定,適用於此類貸款,而不參考經調整期限SOFR部分或經調整BA利率部分(如適用),直到第一留置權管理代理人收到該代理人書面通知,該代理人根據調整後期限SOFR或調整後BA利率條款CORRA(如適用)確定或收取利率不再違法。 各承租人同意,在知悉該承租人根據調整後期限SOFR、調整後BA RateTerrorERA、每日簡單無抵押利率或調整後EURIBOR確定或收取利率不再違法時,立即書面通知第一留置權管理代理人和借款人。 於任何該等預付或轉換時,借款人亦須就該等預付或轉換款項支付應計利息。 第2.24節貸款修改建議。 (a)在生效日期後的任何時候,借款人可以一次或多次以書面通知第一留置權管理代理人,提出一個或多個要約(每一項,“貸款修改要約”)給予一個或多個類別的所有貸款人(每個類別都受這樣的貸款修改要約的約束,(“受影響類別”)根據第一留置權管理代理人合理規定併為借款人合理接受的程序,實施與該受影響類別有關的一項或多項許可修訂(包括允許貸方無現金展期和交換的機械師)。 該通知應列明(i)所請求的許可修正案的條款和條件,以及(ii)該許可修正案被請求生效的日期。 允許的修訂僅適用於接受適用貸款修改要約的受影響類別貸款人(此類貸款人,“接受貸款人”)的貸款和承諾,並且,對於任何接受貸款人,僅適用於已接受貸款人的受影響類別貸款人的貸款和承諾。 (b)允許的修訂應根據控股公司、借款人、各適用的接受方和第一留置權管理代理人簽署和交付的貸款修改協議生效;但除非控股公司和借款人已向第一留置權管理代理人提交法律意見、董事會決議、祕書證書,第一留置權管理代理人合理要求的高級證書和其他文件。 第一留置權管理代理人應及時通知各代理人每項貸款修改協議的效力。 每項貸款修改協議,可以不經適用的接受貸款人以外的任何貸款人的同意,對本協議和其他優先留置權貸款文件進行修改,如果第一留置權管理代理人認為是必要或適當的,以使本第2.24條的規定生效,包括將適用貸款和/或接受貸款人承諾視為新的“類別”貸款和/或承諾所需的任何修訂。 (c)如果,就任何擬議的貸款修改要約而言,任何貸款人拒絕同意貸款修改要約中規定的條款和期限,(每一個此類轉讓人,一個"不接受轉讓人"),則借款人可以在通知第一留置權管理代理人和不接受轉讓人後,(i)以下列方式取代全部或部分不接受通知:


—110—ESTA(而這些人有義務)轉讓和委託,沒有追索權。(根據第9.04條所載的限制)其在本協議項下與受影響類別向一個或多個合格受讓人的貸款和承諾有關的全部或部分權益、權利和義務(如果受讓人接受該轉讓,則合資格受讓人可以是另一受讓人);但第一留置權管理代理人或任何受讓人都沒有義務向借款人尋找替代受讓人;此外,如果(a)適用的受讓人應同意根據適用的許可修訂案中規定的條款提供貸款和/或承諾,(b)該不接受貸款人應已收到相當於其根據本第2.24(c)條轉讓的受影響類別貸款的未償還本金額的款項,及其應計利息,應計費用和所有其他金額(包括第2.11(a)(i)條項下的任何金額)(以該未償還本金及累算利息及費用為限)及(c)除非獲豁免,借款人或該等合資格受讓人應已向第一留置權管理代理人支付第9.04(b)條規定的處理和記錄費。 (d)儘管有任何相反的規定,本第2.24條應取代第2.18條或第9.02條中的任何相反規定。 第三條 聲明和保證控股和借款人各自向貸款人聲明和保證:第3.01節組織;權力。 控股、借款人和受限制子公司均為(a)正式組織或註冊成立、有效存在且信譽良好(在有關司法管轄區存在該概念的範圍內)根據其組織的司法管轄區的法律,(b)具有法團或其他組織的權力和權限,以經營其目前進行的業務和執行,交付並履行其在每份第一留置權貸款文件下的義務,且(c)有資格在要求該資格的每個司法管轄區開展業務,並在該司法管轄區內具有良好的信譽,但(a)款的情況除外(就借款人而言除外)、(b)及(c)條款,倘未能個別或整體如此,不能合理預期會導致重大不利影響。 第3.02節授權;可執行性。 本協議已由控股公司和借款人各自正式授權、簽署和交付,並且構成任何貸款方作為一方的其他第一留置權貸款文件,當該貸款方簽署和交付時,將構成控股公司、借款人或該貸款方(視情況而定)的合法、有效和具有約束力的義務,根據其條款對該公司強制執行,但須遵守適用的破產法、無力償債法、重組法、暫緩執行法或其他一般影響債權人權利的法律,並須遵守一般公平原則,而不論是在公平程序中考慮還是在法律程序中考慮。 第3.03節政府批准;無衝突。 除附表3.03所述者外,第一留置權融資交易(a)不需要任何政府機構的任何同意或批准、登記或備案,或任何其他行動,除非已經獲得或作出且完全有效,以及為完善根據第一留置權貸款文件創建的留置權所需的備案,(b)不會違反(i)控股、借款人或任何受限制子公司的組織文件,或(ii)適用於控股、借款人或任何受限制子公司的任何法律要求,(c)不會違反或導致對控股、借款人或任何受限制子公司或其各自資產具有約束力的任何標識或其他協議或文書,或產生要求控股公司、借款人或任何受限制子公司進行任何付款、回購或贖回的權利,或產生終止、取消或加速其項下任何義務的權利,以及(d)不會導致對控股公司的任何資產產生或施加任何留置權,借款人或任何受限制子公司(根據第一批留置權貸款文件設立的留置權除外),除非(就第(a)、(b)(ii)和(c)條的每一項而言)未能取得或作出的,


—111—此類同意、批准、註冊、備案或訴訟,或此類違反、違約或權利(視情況而定),單獨或總體而言,不會合理預期會產生重大不利影響。 第3.04節財務狀況;無重大不利影響。 (a)經審計財務報表(i)是根據公認會計原則編制的,該會計原則在其涵蓋的整個期間一貫適用,除非其中另有明確説明,及(ii)公平地反映了控股公司的財務狀況,根據公認會計原則,借款人和子公司截至其各自日期及其所涵蓋期間的經營成果和現金流量,在此期間,除此之外,還應遵守《古蘭經》的規定。 (b)自經審核財務報表日期以來,並無重大不利影響。 第3.05節財產 控股公司、借款人和受限制子公司各自擁有良好的費用或在外國司法管轄區的同等費用、所有權或有效租賃權(或許可證或類似)權益或其他有限財產權益,其所有與其業務有關的不動產和個人財產,如有(包括所有抵押物業),(i)除第6.02條所允許的留置權外,不受所有留置權的限制;(ii)但所有權或權益方面的輕微缺陷不妨礙其按照目前或擬議進行的業務或將這些財產用於其預定目的的能力,在每種情況下,除非不這樣做不會合理預期單獨或總體造成重大不利影響。 第3.06節訴訟和環境問題。 (a)除附表3.06所述者外,任何仲裁員或政府機構均不存在針對控股公司、借款人或任何受限制子公司的未決訴訟、訴訟或程序,或據控股公司或借款人所知,以書面形式威脅或影響控股公司、借款人或任何受限制子公司的訴訟、訴訟或程序,而這些訴訟、訴訟或程序可合理預期單獨或總體導致重大不利影響。 (b)除附表3.06所述者外,以及除任何其他事項(單獨或總體上不會合理預期導致重大不利影響),控股、借款人或任何受限制子公司均無(i)不遵守任何環境法或任何環境法要求的許可證、許可證或批准,(ii)不遵守任何環境法,據控股公司或借款人所知,成為任何環境責任的約束,或(iii)已收到任何環境責任索賠的書面通知。 第3.07條遵守法律和協議。 控股公司、借款人和受限制子公司均遵守(a)其組織文件,(b)適用於其或其財產的所有法律要求,以及(c)對其或其財產具有約束力的所有契約和其他協議和文書,除非本第3.07條第(b)和(c)款未遵守,單獨或合計,合理預期不會導致重大不利影響。 第3.08節投資公司的地位。 根據不時修訂的《1940年投資公司法》,貸款方均無須註冊為“投資公司”。 第3.09節税收 除非合理預期不會單獨或共同造成重大不利影響,控股公司、借款人和各受限制子公司(a)已及時提交或促使提交所有


—112—納税申報表和報告須提交,且(b)已繳付或促使繳付對其財產、收入或資產徵收或徵收的所有税款(無論是否顯示在納税申報表上)包括其作為扣繳義務人的身份,但通過適當程序善意地提出異議的任何税款除外,前提是控股公司、借款人或受限制子公司,根據《公認會計原則》,在其賬簿上預留了足夠的儲備金。 概無合理預期個別或整體會對控股、借款人或任何受限制附屬公司產生重大不利影響的建議税務評估、不足或其他申索。 第3.10節 (a)除非合理預期個別或整體不會導致重大不利影響,否則由貸款方贊助的每個計劃均符合ERISA、《守則》和其他聯邦或州法律的適用條款。 (b)除非合理預期單獨或總體不會導致重大不利影響,(i)在作出或視為作出或合理預期發生該聲明之日之前的六年期間內,沒有發生ERISA事件,(ii)任何貸款方,或據控股公司和借款人所知,任何ERISA關聯公司參與了合理預期受ERISA第4069條或第4212(c)條約束的交易。 (c)除非合理預期單獨或總體不會導致重大不利影響,(i)每個僱員福利計劃(如ERISA第3(2)條所定義)由貸款方擔保,該貸款方旨在滿足第401(a)條下的“合格計劃”的要求(a)本條例的任何一個人或一個人收到了一份來自美國國税局的有利決定書,其大意是,該計劃的形式符合第401(a)條的規定。或以原型或批量提交計劃的形式收到了一封贊成意見信,在每一種情況下,國税局就該計劃的合格地位以及與之相關的信託已由國税局確定為根據第501(a)條免除聯邦所得税的規定,(ii)本公司不存在任何可能對任何該等僱員福利計劃的合格地位或任何該等信託的豁免地位產生不利影響的事實或事件;及(iii)就任何該等計劃而言,並無未決或據控股及借款人所知,威脅(以書面形式)索償、訴訟或訴訟,或任何政府機關的訴訟。 第3.11節披露。 自生效日期起,所有書面事實信息和書面事實數據(控股及其子公司的預測以及一般經濟或行業特定性質的信息除外)由控股及其子公司或代表任何控股及其子公司向第一留置權管理代理人、任何聯席牽頭人或與交易有關的任何代理人提供,在所有補充和更新生效後,在所有重要方面均正確,並不載有任何關於重要事實的不實陳述,或遺漏陳述任何必要的重要事實,以使該等陳述在當時的情況下不具重大誤導性製造;前提是,就預測而言,控股公司和借款人僅表示該等預測(當作為一個整體考慮時)是基於他們在交付時認為合理的假設真誠地編制的,但應理解,(i)該等預測僅是對未來事件的預測,不應被視為事實,(ii)該等預測受重大不確定性及意外情況影響,其中許多不在控股或其任何附屬公司的控制範圍內,及(iii)不能保證任何特定的預測將實現,而且任何此類預測所涵蓋的期間內的實際結果可能會有所不同,與預測結果有很大差異,而這種差異可能是重大的。 第3.12節子公司。 截至生效日期,附表3.12載列控股及其各附屬公司於控股各附屬公司的名稱及所有權權益。


—第3.13節知識產權;許可證等除非合理預期不會產生重大不利影響,否則控股、借款人和受限制子公司各自擁有、許可或擁有使用其業務基本上按目前進行的經營所合理必要的所有知識產權的權利。 據控股公司和借款人所知,控股公司、借款人或任何受限制子公司在其當前經營業務中使用的知識產權均不侵犯任何人的知識產權,但合理預期不會單獨或總體產生重大不利影響的此類侵權行為除外。 任何關於任何知識產權的未決索賠或訴訟,或據控股公司和借款人所知,沒有書面威脅對控股公司、借款人或任何受限制子公司提出,而這些索賠或訴訟單獨或總體合理預期會產生重大不利影響。 第3.14節償付能力 在生效日期完成各項交易後,在考慮所有適用的賠償和分擔權利後,立即(a)債務總額(包括或然負債)按綜合基準計算,不得超過控股及其附屬公司現有資產按綜合基準計算的現值公允可出售價值,(b)控股及其附屬公司的資本(按綜合基準計算)就其於生效日期的預期業務而言並非不合理的數額;(c)控股及其附屬公司(按綜合基準計算)並無產生且無意產生或相信將產生債務(包括流動債務),(d)控股及其附屬公司,在綜合基準上,在該術語及與欺詐性轉讓及延期有關的適用法律下類似術語所賦予的涵義內,具有“償付能力”。 在本第3.14條中,任何或有負債的數額應根據當時存在的所有事實和情況計算,指合理預期成為實際或到期負債的金額(無論此類或有負債是否符合財務會計準則委員會第5號報表規定的應計標準)。 第3.15節美聯儲條例 控股、借款人或任何受限制附屬公司概無從事或將從事(主要或作為其一項重要活動)購買或持有保證金股票(定義見董事會規例U)的業務,或為購買或持有保證金股票而發放信貸。 貸款所得款項的任何部分均不得直接或間接用於購買或持有任何保證金股票,或為任何原本為此目的而產生的債務再融資,或用於任何其他導致違反(包括任何貸款人)董事會條例U或X條文的目的。 第3.16節收益的使用。 (a)借款人將在生效日期或之後將循環貸款和擺動貸款以及簽發的信用證的收益用於一般企業用途和營運資金用途,包括資本支出,用於資助許可收購、許可投資、限制付款和本協議允許的其他交易。 (b)借款人將使用於第二次增量修訂生效日期作出的第二次增量修訂定期貸款的所得款項,直接或間接用於(i)悉數償還過渡貸款,及(ii)支付於第二次增量修訂生效日期產生的與授出增量定期融資有關的費用及開支,於第二次增量修訂生效日期訂立首份留置權貸款文件,以及第二次增量修訂擬進行的其他交易,其餘部分將用於一般企業用途。 (c)借款人將使用於適用的延遲提取增量融資日期的延遲提取增量定期貸款的所得款項用於一般企業用途。


—114—第3.17節《愛國者法》;反腐敗;反洗錢;制裁。 (a)控股公司及借款人已實施及維持有效的政策及程序,或受旨在促進控股公司、借款人及其各自的子公司以及上述任何一方的各自董事、高級職員、僱員及代理人遵守適用的反腐敗法、適用的反洗錢法及適用的制裁措施的政策及程序的約束。 (b)控股公司、借款人或任何子公司或其各自的任何董事、高級職員或據借款人所知,僱員或關聯公司或代表控股公司、借款人或任何子公司行事的任何代理人與第一留置權融資交易:(i)不是受制裁人士;或(ii)違反適用制裁,與任何受制裁人士或受制裁司法管轄區進行任何業務或進行任何交易,涉及或為任何受制裁人士或受制裁司法管轄區的利益而進行任何交易。控股公司或借款人均不會直接或據其所知間接使用該等貸款任何收益的任何部分,或借出、出資或以其他方式提供該等收益(A)以資助或促進任何活動或業務,涉及任何受制裁的人或受制裁的司法管轄區,或為任何受制裁的人或受制裁的司法管轄區的利益,或(B)以任何其他方式構成或導致任何人,包括任何人違反制裁。 (c)控股公司、借款人或任何附屬公司或其各自的任何董事、高級職員或據借款人所知,代表控股公司、借款人或任何附屬公司行事的任何代理人,均未採取或將採取任何行動,以促進要約、付款、付款承諾,或授權或批准直接或間接向任何"政府官員"支付或給予金錢、財產、禮物或其他有價值的任何東西(包括政府或政府擁有或控制的實體或公共國際組織的任何官員或僱員,或以官方身份代表或代表上述任何人士行事的任何人,或任何政黨或政黨官員或政治職位候選人)影響官方行動或獲得不當利益,或以任何方式構成或導致違反適用的反腐敗法。 (d)控股公司、借款人或任何子公司或其各自的任何董事、高級管理人員或據借款人所知的僱員、代理人或關聯公司在過去五(5)年內沒有因任何實際或涉嫌違反制裁、反腐敗法或反洗錢法而受到任何訴訟、訴訟、索賠或調查。 第四條 第4.01節生效日期。 在生效日期,各貸款人的貸款義務和各開證銀行的信用證義務應滿足下列條件(或根據第9.02節放棄):(a)第一留置權行政代理人(或其律師)應已從本協議各方收到(i)代表該方簽署的本協議副本或(ii)第一留置權管理代理人滿意的其他書面證據(可能包括傳真或其他電子傳輸的本協議的簽署副本),證明該方已簽署本協議的副本。 (b)第一留置權管理代理人應收到書面意見(致第一留置權管理代理人、貸款人和髮卡銀行,日期為生效日期),其收件人為(i)貸款方的紐約律師Cleary Gottlieb Steen & Hamilton LLP,貸款方的英國律師;以及(iii)Young Conaway Stargatt & Taylor LLP,貸款方的特拉華州律師,在每種情況下,形式和內容均令第一留置權管理代理人合理滿意。 控股公司和借款人在此要求該律師發表該等意見。


—115—(c)第一留置權管理代理人應已收到各貸款方出具的日期為生效日期的證明,其形式和內容均令第一留置權管理代理人合理滿意,並由貸款方的任何負責官員簽署,包括或附上本第4.01節(d)段所述的文件。 (d)第一留置權管理代理人應已收到(i)各貸款方的每份組織文件(在適用的情況下)截至最近日期由相關政府機構認證,(ii)各貸款方負責人簽署其作為一方的第一留置權貸款文件的簽名和任職證明,(iii)各貸款方董事會批准並授權簽署、交付和履行其作為一方的第一留置權貸款文件的決議副本,並在生效日期由祕書證明,該貸款方的助理祕書或負責人員,證明其完全有效,未經修改或修訂,以及(iv)信譽良好的證書(在該概念存在的範圍內),每個貸款方的註冊、組織或組建管轄區的適用政府機構。 (e)第一留置權管理代理人應已收到(或在生效日期貸款初始融資的同時,應收取)聯席牽頭人和借款人先前書面約定的在生效日期或之前到期應付的所有費用和其他金額,包括,在生效日期前至少三(3)個營業日開具發票的範圍內,償還或支付任何貸款方根據任何優先留置權貸款文件要求償還或支付的所有合理和有文件記錄的實付費用(包括合理費用、收費和律師支出)。 (f)抵押品和擔保要求(除第5.14條規定外)應已滿足,第一留置權管理代理人應已收到日期為生效日期並由控股公司負責官員和借款人簽署的完整證書,連同所有附件。 (g)再融資應已完成,或在生效日期與貸款初始融資大致同時完成。 (h)借款人應已從發行其股權中獲得至少200,000,000美元的收益。 (i)


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(xxiv)用於清償或清償債務的現金和許可投資的留置權;前提是該清償或清償在本協議允許的情況下;(xxv)在正常業務過程中從客户收到進度付款和墊款,但這對相關存貨及其收益產生留置權;(xxvi)任何合營企業股權的留置權(a)擔保該合營企業的義務或(b)根據有關合營企業協議或安排;(xxvii)在正常業務過程中,根據適用的法律要求提交清算的現金或許可投資的留置權;但因依賴本款(xxvii)而存在的留置權擔保債務的未清償總額不得超過7,850,000美元;(xxviii)其他留置權;在給予其效力的時候,並給予其效力。 根據本條款(xxviii)所產生的所有留置權擔保的債務總額不得超過(A)17,800,000美元和(B)最近結束的測試期綜合息税前利潤的10%中的較大者(但對於任何此類義務,該等債務的金額應為(x)該等債務的未償還面值及(y)該等債務擔保資產的公平市價兩者中較低者;此外,本條款第(xxviii)項下的任何留置權不得對任何重大不動產(本協議要求的除外)設押;以及(xxix)應收賬款、證券化資產和與合格證券化融資相關的相關資產的留置權。 第6.03節基本變化 (a)控股公司不會,也不會允許任何受限制附屬公司與任何其他人合併或合併或合併,或允許任何其他人與其合併或合併,或清算或解散(為免生疑問,不得限制控股公司或任何受限制子公司改變其組織形式),但:(i)任何受限制附屬公司可與(A)借款人合併、合併或合併;但借款人須為繼續存在或尚存的人,或(B)控股或任何一個或多個受限制附屬公司(借款人除外);如果,如果控股公司或任何附屬貸款方正在合併,與另一受限制子公司合併或合併(1)繼續存在或尚存的人應為控股公司或該附屬貸款方,或(2)如果繼續存在或尚存的人不是附屬貸款方,根據第6.04條,允許該尚存的受限制子公司收購該子公司貸款方;(ii)(A)任何非貸款方的受限制子公司可以合併,與非貸款方的任何受限制子公司合併或合併,以及(B)(x)任何受限制子公司(借款人除外)可以清算或解散,並且(y)任何受限制子公司可以改變其法律或組織形式,如果借款人真誠地確定該行為符合控股公司及其受限制子公司的最佳利益,並且不會對放款人;(iii)任何受限制子公司可將其全部或絕大部分資產(在自願清算或其他情況下)出售給控股公司或另一受限制子公司;但如果該交易中的轉讓人是貸款方,則(A)受讓人必須是貸款方,(B)在構成投資的範圍內,


—133—根據第6.04或(C)節,該投資是對非貸款方的受限子公司的允許投資,該處置為公平市價(由借款人真誠地確定)和任何本票或其他非,根據第6.04條,就該項目收到的現金對價是對非貸款方的受限制子公司的允許投資;(iv)借款人可以合併、合併或合併,(或將其全部或絕大部分資產出售給)任何其他人;但(A)借款人應是繼續存在的或尚存的人,或(B)如果該人是由任何該等合併形成的或尚存的人,合併或合併不是借款人或借款人已被清算的人(或與處置借款人全部或絕大部分資產有關,如該等資產的受讓人)(1)繼承借款人應是根據美國法律組織或存在的實體,(二)繼承借款人應明確承擔借款人在本協議項下的所有義務,以及借款人根據本協議或本協議的補充或補充,其形式和內容合理滿意,第一留置權管理代理人,(3)借款人以外的每個貸款方,除非是該合併、合併或合併的另一方,應根據形式和內容合理地令第一留置權管理代理人滿意的協議,其擔保和授予任何留置權作為擔保債務的擔保應適用於繼承借款人,(4)借款人應向第一留置權管理代理人提交借款人負責官員的證明書和律師的意見,每一份聲明該合併、合併或合併符合本協議;此外,如果該人不是貸款方,則沒有違約事件。(或,在與有限條件交易有關的範圍內,無特定違約事件)在該合併、合併或合併生效後應存在,及(z)如果滿足上述要求,繼承借款人將繼承並取代本協議和其他優先留置權貸款文件項下的借款人;此外,借款人應及時以書面形式合理要求提供有關繼承借款人的任何文件和其他信息,且在任何情況下,在第(4)款所述證書交付後的一個工作日內,任何放款人或髮卡銀行通過第一留置權管理代理人合理確定,該放款人或髮卡銀行根據適用的“瞭解您的客户”和反洗錢規則和條例,包括《美國愛國法》第三章的規定,(但為免疑,借款人未能在第(4)條規定的證書交付後的第一個營業日之後交付所要求的信息(v)任何受限制子公司可與任何其他人合併、合併或合併,以實現根據第6.04條允許的投資;但繼續存在或尚存的人應為控股公司、借款人或受限制子公司,且其連同各受限制子公司應符合第5.11和5.12條的要求;(vi)


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;及(vii)任何受限制子公司可實施合併、合併、解散、清算合併或合併,以實施根據第6.05條允許的處置。 第6.04節投資、貸款、墊款、擔保和收購。 控股將不會,也不會允許任何受限制子公司進行或持有任何投資,除非:(a)在進行該允許投資時進行的允許投資,以及在正常業務過程中按照以往慣例購買資產;(b)貸款或墊款予高級職員、董事會成員及控股僱員,借款人和受限制子公司(i)用於合理和慣常的業務相關旅行、娛樂、搬遷和類似的普通業務目的,(ii)與該人購買控股股權有關(或其任何直接或間接母公司)(但以現金方式向該人提供的貸款和墊款的數額,應以現金方式向控股公司提供,


—134—普通股本或合格股本權益)及(iii)就前述(i)及(ii)條款中未述之目的而言,根據本(iii)條款在任何時候未償還本金總額不超過10,000,000美元;(c)控股公司對任何受限制附屬公司的投資及任何受限制附屬公司對控股公司的投資,任何其他受限制子公司或因該投資而在生效日期後成為受限制子公司的任何人(但僅限於該投資並非在預期中產生的範圍內);如果貸款方對非貸款方的受限制子公司進行任何投資,(d)在正常業務過程中,包括貿易信貸和住宿擔保的投資;(e)(i)在生效日期已存在或計劃的投資,並載於附表6.04,以及任何修改、替換、續延,(ii)再投資或延期;控股公司或任何受限制附屬公司於生效日期對控股公司或任何受限制附屬公司的投資及其任何修改、續期或延期;(f)在正常業務過程中發生的、非投機性的投資;(g)與第6.05條允許的處置有關的期票和其他非現金對價;(h)允許的收購; (i)交易;(j)在正常經營過程中的投資,包括統一商法典第3條對收款或存款的背書和統一商法典第4條在正常經營過程中與客户的習慣貿易安排;(k)投資(包括債務責任和股權)與供應商和客户破產或重組有關的,或在解決拖欠債務或與之發生的其他糾紛時收到的,客户及供應商或任何有抵押投資的止贖或任何有抵押投資的其他所有權轉讓時;(l)包括二零二零年上限贖回交易及任何可換股債務贖回交易的投資;(m)額外投資及其他收購;條件是,在進行任何此類投資或其他收購時,依據本條款(m)進行的此類投資或收購的未償還總額,連同就所有其他投資和收購所支付的所有代價總額,(包括就先前根據本條(m)款作出的任何其他投資或收購而承擔的所有債務的本金總額),不得超過(A)$53,400,000美元及(B)在對該等投資或其他收購給予備考效果後,最近結束的測試期綜合息税前利潤的30%;(n)在日常業務過程中向僱員預支薪金;


-135-(O)投資和其他收購,以控股公司(或其任何直接或間接母公司)的合格股權(不包括其收益將用作償付金額的合格股權)支付;(P)在生效日期後收購的子公司的投資,或在生效日期後根據第6.04節和第6.03節與任何子公司合併、合併或合併的個人的投資,或以其他方式成為子公司的投資(但如果此類投資是根據第6.04(H)節進行的,則對該子公司或個人的子公司的現有投資應符合第6.04(H)節的要求),但此類投資不是在預期或與該等收購、合併、合併或合併有關的情況下進行的,並且在該收購、合併、合併或合併之日存在;(Q)欠控股公司或任何受限制附屬公司的應收款,如在正常業務過程中設立或取得;。(R)投資(A)公用事業、保證金、租賃及在正常業務過程中發生的類似預付開支,及(B)在正常業務過程中設立的貿易賬户或應計的預付開支;(S)與税務籌劃及重組活動有關的非現金投資;但在任何此等活動生效後,貸款人在抵押品上的擔保權益整體上不會受到重大損害;。(T)附加投資,只要在任何此類投資發生時及生效後,(A)在最近結束的測試期內,按形式計算,總高級擔保淨槓桿率不大於3.003.50至1.00,且(B)不存在或將由此導致特定的違約事件;(U)分別根據第6.01、6.02、6.03、6.05和6.07節允許的債務、留置權、基本變動、處置和限制性付款(參照本第6.04(V)節除外)的投資;。(V)為僱員、董事、顧問、獨立承包商或其他服務提供者或其他設保人信託的利益向“拉比”信託提供的捐款,但在控股公司破產的情況下,受債權人的債權約束;。(W)在構成投資、購買及取得存貨、供應品、材料或設備或其他資產、知識產權或其他權利的購買、收購、特許或租賃的範圍內;。(X)對任何附屬公司或任何合營公司的任何投資;。(I)與公司間現金管理安排或在正常業務過程中產生的有關活動有關的任何投資;或(Ii)在任何時間未清償的金額不超過30,000,000美元;。(Y)不受限制附屬公司的投資(I)在該不受限制附屬公司根據“不受限制附屬公司”的定義被重新指定為受限制附屬公司之日之前訂立,或(Ii)在任何未清償的時間不得超過30,000,000美元;。(Z)在證券化附屬公司或與證券化附屬公司有關的投資,而借款人真誠地決定該等投資是必要或適宜的,以達成任何有限制證券化安排或任何與此有關的回購義務,包括但不限於投資於該等有限制證券化安排所允許或規定的帳户內的資金或任何相關債務;。(Aa)在與清算有關的正常業務過程中的投資;及


—136—(bb)投資總額等於在作出該投資之前有效的未以其他方式使用的可用金額部分(如有)的投資,只要沒有特定違約事件發生,並且沒有繼續或由此產生。 第6.05節資產銷售。 控股將不會,也不會允許任何受限制附屬公司,(i)自願出售、轉讓、出租或以其他方式出售任何資產,包括其擁有的任何股權,或(ii)允許任何受限制附屬公司發行任何額外股權(除發行董事合資格股份外,在適用法律要求的範圍內向外國國民發行的名義股份,但根據第6.04(c)條向控股公司或任何受限制子公司發行股權除外)(每一個"處置"和"處置"作為動詞具有相應的含義),但:(a)在正常業務過程中處置過時、損壞、使用過、剩餘或磨損的財產,不論是現在擁有還是以後獲得的,以及處置不再使用或不再有用或在經濟上切實可行的財產,經營控股公司及任何受限制附屬公司的核心或主要業務(包括停止執行、放棄、允許失效、終止或無效、停止使用或維護或將任何知識產權投入公共領域,根據控股公司或受限制子公司的合理判斷,不再使用或不再有用,或在經濟上可行,或控股公司或任何受限制子公司在其合理商業判斷中確定該等作為或不作為是可取的);(b)庫存和其他資產的處置(包括結算資產)或持作出售或不再用於日常業務過程中的非重大資產(合計而言)在日常業務過程中;(c)財產的處置,但以下列情況為限:㈠此種財產以類似替代財產的購買價換取信貸,或㈡(d)向控股公司或任何受限制附屬公司出售財產;如果該交易中的轉讓人是貸款方,則(i)受讓人必須是貸款方,(ii)在構成投資的範圍內,根據第6.04條,該投資必須是對並非貸款方的受限制子公司的允許投資,或(iii)該處置為公平市價(由借款人善意確定),並在構成對非貸款方的受限子公司的處置的範圍內,根據第6.04條,任何本票或就此收到的其他非現金對價是對非貸款方的受限制子公司的允許投資;(e)第6.03節允許的處置,第6.04節允許的投資,第6.07條允許的受限制付款和第6.02條允許的留置權;(f)控股或任何受限制附屬公司在生效日期後根據第6.06條允許的售後租回交易處置所收購的財產;(g)準許投資的處置;(h)與應收賬款的收繳或折衷有關的應收賬款的處置或免除(包括向保理商或其他第三方銷售);(i)租賃、分租、服務協議、產品銷售、許可證或分許可證(包括知識產權的許可證和分許可證),在每種情況下不會對控股公司的業務造成重大影響,借款人和受限制子公司,作為一個整體;(j)受傷亡事件影響的財產轉讓;


-137-(K)以本第6.05節不允許的其他方式以公平市價(由借款人董事會真誠決定)向受限子公司以外的其他人處置財產(包括出售或發行受限子公司的股權);但對於根據本條款(K)以超過30,000,000美元的收購價進行的任何處置,控股公司、借款人或此類受限子公司應以現金或允許投資的形式獲得不少於75%的對價;但僅就本條(K)而言,(A)控股公司或該受限制附屬公司的任何負債(如該控股公司或該受限制附屬公司的最新資產負債表或其腳註所示),除非根據其條款從屬於第一留置權貸款文件義務而由受讓人就適用的產權處置而承擔,而所有適用債權人已就該等債務有效解除,則該等負債須視為現金,(B)由控股公司收到的任何證券、票據或其他債務或資產,借款人或受讓人的受限制附屬公司在適用的處置結束後180天內由控股公司或該受限制附屬公司轉換為現金或準許投資(以收到的現金或準許投資為限),應被視為現金,(C)因該處置而不再是受限制附屬公司的任何受限制附屬公司的債務(欠T控股或其受限制附屬公司的公司間債務除外),(D)控股公司或上述受限制附屬公司就該項處置收取的任何指定非現金代價,其總市值(由借款人的負責人員真誠釐定),連同根據本條(K)收到的當時尚未清償的所有其他指定非現金代價,不超過(A)$35,600,000和(B)在收到指定的非現金對價時最近結束的測試期的綜合EBITDA的20%的較大者,且每項指定的非現金對價的公平市場價值(由借款人的負責人員真誠地確定)在收到時計量且不影響隨後的價值變化,應被視為現金;和(E)在該處置生效時和緊隨其後,不應發生或繼續發生違約或違約事件;(L)在合營安排和類似的具有約束力的安排中規定的合營各方之間的習慣買賣安排所要求的範圍內,或根據合營各方之間的習慣買賣安排,處置合營企業的投資;(M)


保留區


(N)額外的產權處置;但在作出任何該等產權處置時,依據第(N)款作出的該等產權處置的未清償總額,連同因依循本條(N)作出的所有其他產權處置而支付的所有代價的總額,不得超過(A)$35,600,000與(B)在作出該等產權處置後最近結束的測試期的綜合EBITDA的20%兩者中較大者的總和;但該等產權處置須為公平市價(由借款人真誠地釐定);(O)處置任何資產(包括股權):(A)因任何準許收購或根據本協議準許的其他投資而取得,而該等資產對控股及受限制附屬公司的核心或主要業務並無使用或有用;及(B)為取得任何適用的反壟斷機構對準許收購的批准而作出的處置;(P)(I)處置應收賬款、證券化資產、其任何參與或與任何有條件證券化安排有關的相關資產;(Ii)在正常業務過程中(包括向保理或其他第三方出售)或與任何供應商和/或客户融資有關的存貨、應收賬款或票據的出售或折扣;或(Iii)將應收賬款轉換為應收票據;(Q)因行使“徵用權”或其他類似權力而將被宣告不合格的不動產轉讓給已予以譴責的有關政府當局或機構


—138—(無論是通過代替譴責的契據或其他方式),以及因止贖或類似行動而產生的不動產轉讓,或作為保險結算的一部分,該等不動產的相應保險人受到損害;和(r)非排他性許可或分許可,或其他類似的權利授予,在正常業務過程中知識產權。 第6.06節售後回租 控股將不會,也不會允許任何受限制附屬公司在生效日期後直接或間接就任何物業租賃(無論是經營租賃還是資本租賃)承擔承租人的責任,(不論是真實的、個人的或混合的),不論是現在擁有的還是以後獲得的,控股或其任何受限制附屬公司已出售或轉讓或將出售或轉讓予並非控股或控股任何受限制附屬公司的人士(該交易稱為“售後租回交易”);只要任何售後租回交易是(A)第6.01(a)(v)條和/或(B)(1)條所允許的,以現金代價進行的,(2)控股公司或其適用的受限制子公司將被允許訂立,並繼續承擔責任,適用的基礎租賃及(3)總公平市價(由借款人的負責人員決定)根據本條(B)項下的所有該等售回交易出售的物業(連同依據第6.05(m)條作出的處置的本金總額)不得超過(A)35,600,000美元和(B)任何時候未償還的綜合EBITDA的20%兩者中較大者之總和。儘管本第6.06條有任何相反規定,借款人或任何受限制子公司在任何情況下均不得就任何重大知識產權與被排除子公司訂立售後租回交易。 第6.07節限制性付款;某些債務付款。 (a)控股公司不會,也不會允許任何受限制子公司直接或間接宣佈或作出或同意支付或作出任何受限制付款,除非:(i)各受限制子公司可向控股公司或任何受限制子公司作出受限制付款,但在非全資子公司的受限制子公司作出受限制付款的情況下,該等受限制付款是根據其在相關類別股權中的相對所有權權益,向控股、任何受限制子公司以及該等受限制子公司股權的其他所有人支付的;(二)控股及各受限制附屬公司可宣派及作出股息或其他分派,僅以該等附屬公司的股權支付,人;(iii)與交易有關的限制性付款;(iv)購回控股股權(或控股公司的任何直接或間接母公司),借款人或任何受限制子公司被視為在行使股票期權或認股權證時發生的,如果該等股權權益佔行使價的一部分或與行使該等期權或認股權證有關的應付預扣税,其他激勵利益;(v)向控股公司作出的受限制付款,控股公司可用以贖回、收購、退任、購回或結算其股權(或就任何該等股權發行的任何購股權、認股權證、受限制股票或股票增值權或類似證券)或償還控股或控股的任何直接或間接母公司為資助贖回、收購、退休、回購或清償該等股權或債務(或作出有限制付款,以允許控股公司的任何直接或間接母公司贖回、退休、收購或回購其股權或債務,或償還控股公司為資助贖回、收購、退休、購回或結算該等股權或債務,或償還為贖回、報廢、收購或購回該等股權或債務而產生的債務),由現任或前任高級管理人員、經理、顧問、董事會成員、僱員或獨立人士直接或間接持有


—139—承包商(或其各自的配偶、前配偶、繼承人、遺囑執行人、遺產管理人、繼承人、受遺贈人或被分配人)(或其任何直接或間接母公司)、借款人和受限制子公司,在任何該等人士死亡、殘疾、退休或終止僱用時,或根據任何股票期權或股票增值權計劃,任何管理層,董事和/或員工股權所有權或激勵計劃、股票認購計劃、僱傭終止協議或任何其他僱傭協議或股權持有人協議的總額,以及根據第6.04(m)條向控股公司提供的貸款和墊款總額,以代替本條款(v)允許的限制性付款,不超過10美元,在任何一個日曆年度,000,000;但在任何日曆年,該金額可增加(1)不超過借款人收到的關鍵人物人壽保險單現金收益的金額,(或由控股(或其任何直接或間接母公司)並向控股出資)或受限制附屬公司於生效日期後,或(2)為換取股權而放棄的、否則應支付予控股、借款人或任何受限制附屬公司的董事會成員、顧問、高級職員、僱員、經理或獨立承包商的任何真誠現金獎金的金額,其公平市值等於或少於該等現金紅利的金額,而該等現金紅利如未在任何年度使用,則可結轉至任何隨後的財政年度;進一步規定,註銷欠控股或任何受限制子公司的債務從董事會成員,顧問,高級職員,員工、經理或獨立承包商(或其各自的配偶、前配偶、繼承人、遺囑執行人、遺產管理人、繼承人、受遺贈人或任何受限制子公司)與回購控股股權有關,或借款人(或其任何直接或間接母公司)不應被視為構成本第6.07條或本協議任何其他條款的限制性付款。 (vi)控股公司作出的其他限制性付款(i)在作出該等限制性付款時並在給予其形式效力後,金額不超過(A)$53,400,000美元及(B)最近結束的測試期綜合息税前利潤的30%或(ii)無限制金額,只要(x)不會發生違約事件,且不會持續或由此導致違約事件;及(y)在備考基礎上,最近結束的測試期內,總淨槓桿比率等於或小於2.25至1.00;(vii)控股公司及任何受限制附屬公司可向控股公司的任何直接或間接母公司作出受限制付款:(A)作為分派予控股的該等或任何直接或間接母公司,其數額須就控股及/或其任何附屬公司為成員的任何應課税期間支付,(或控股公司是一個由合併、合併、單一或類似税務集團的成員全資擁有的美國聯邦所得税而不予考慮的實體)(“税務組”)就美國聯邦和/或適用的外國、州或地方所得税而言,控股公司的任何直接或間接母公司是共同母公司,應納税收入、收入,控股公司及/或其附屬公司的總收入、毛利、資本或毛利;每一個納税期間,就該應課税期間支付的該等付款總額,合計不得超過控股及其子公司如果是獨立税務集團,而控股是該等獨立税務集團的公司共同母公司,則該等應支付的税款額—單獨税務組(減去控股公司或其子公司直接向相關政府機構支付的任何此類税款)(統稱為“税收分配”);(B)該等直接或間接母公司將其所得款項用於支付(1)其在日常業務過程中產生的經營開支及其他公司間接成本及開支(2)董事會成員或高級職員、僱員、董事、經理提出的任何合理和慣常的賠償要求,該母公司的顧問或獨立承包商 (3)因控股、借款人和受限制子公司的所有權或經營而產生的費用和開支(x)控股及其受限制子公司到期和應付的費用和開支(y)控股及其受限制子公司根據本協議另行允許支付的費用和開支,(4)


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及(5)根據第6.08(iii)或第6.08(Xi)條本應允許支付的金額;


—140—(C)其所得款項應由控股公司的任何直接或間接母公司用於支付特許經營權和類似税款,以及維持其法人或其他合法存在所需的其他費用和開支;(D)


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;(E)其收益將用於支付與本協議允許的任何股權或債務發行有關的費用和支出;(F)其收益應用於支付應付給控股公司任何直接或間接母公司的高級管理人員和員工的慣常工資、獎金和其他福利,只要該等工資、獎金和其他福利可歸因於控股公司、借款人和受限制的子公司的所有權或運營;及(G)其收益應用於支付第6.07節(B)(Iv)和(B)(V)款所允許的付款;(Viii)除上述受限制付款外,只要(X)不會發生違約事件,且不會因此而繼續或將導致違約事件,且(Y)在實施該等受限制付款(不論該等財務履行公約在當時是否適用)後,持有量符合財務業績公約的形式,總額不得超過在緊接作出該等受限制付款之前生效的可用金額;(Ix)贖回全部或部分股權,以換取另一類別的股權,或以實質上同時認繳的股權或發行新股權所得的收益贖回;條件是,該等新股權所包含的條款及規定,在各方面至少對貸款人的權益具有重大意義,與藉此贖回的股權所載的條款及規定相同;(X)就任何未來、現任或前任僱員、董事、經理或顧問應付的預扣或類似税款作出或預期作出的付款,以及任何就該等付款的代價回購股權而作出的付款,包括與行使股票期權及歸屬受限制股票及受限制股份單位有關的當作回購;(Xi)已作出或被視為作出的與(I)2020年可交換票據及2020年封頂催繳交易及(Ii)任何可轉換債務及相關可轉換債務催繳交易有關的付款;(Xii)控股、借款人或任何受限制附屬公司就任何未來、現任或前任僱員、董事、高級管理人員、經理或顧問(或其各自的受控聯屬公司或獲準受讓人)行使股權時應繳的預扣税款或類似税款,以及視為在行使股票期權或認股權證時發生的任何股權回購,而該等股權代表該等期權或認股權證的行使價格的一部分,或所需的預扣税款或類似税款;


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(Xiv)宣佈及支付對Holdings或借款人普通股的限制性付款(或向Holdings或Holdings的任何直接或間接母公司支付限制性付款,以支付該公司普通股的股息),金額最高可達每年Holdings市值的5.0%;及(Xv)任何證券化費用的分配或支付。(B)控股公司將不會,也不會允許任何受限制附屬公司直接或間接支付或同意支付或作出任何付款或其他分發(無論是現金、證券或其他財產)或


-141-對於任何初級融資的本金或利息,或任何付款或其他分發(無論是現金、證券或其他財產),包括任何償債基金或類似的存款,由於購買、贖回、退休、收購、取消或終止任何初級融資,或任何其他與上述任何一項具有實質相似效果的付款(包括根據任何掉期協議支付的任何款項),除非:(I)支付定期預定的利息和本金,強制提出償還、回購或贖回,強制預付本金和利息,以及支付費用、開支和賠償義務,關於此類初級融資,但與附屬條款禁止的任何初級融資有關的付款除外;(Ii)在第6.01節允許的範圍內的債務再融資;(Iii)將控股公司或其任何直接或間接母公司或借款人的任何初級融資轉換為股權(不合格股權除外),以及任何旨在防止任何初級融資被視為守則第163(I)(1)節所指的“適用高收益貼現債務”的付款;(Iv)只要不會發生違約事件,且不會因違約事件而持續或將會導致,則在預定到期日之前就初級融資而作出的預付款、贖回、回購、失敗及其他付款,其總額不得超過(A)作出任何該等預付款、贖回、回購、失敗或其他付款時的款額,連同任何其他預付款、贖回、回購、回購,(A)在給予預付款、贖回、購買、虧損或其他付款的預付款、贖回、購買、虧損或其他付款後,不超過(1)44,500,000和(2)最近結束測試期綜合EBITDA的25%的較大者,以及(B)如果控股公司在實施該等預付款、贖回、購買、虧損或其他付款後符合財務業績契約,則該金額相當於在緊接該等預付款、贖回、購買、虧損或其他付款後未以其他方式運用的可用金額的部分(如有)作廢或其他付款;(V)與交易相關的付款;(Vi)在預定到期日之前與初級融資有關的預付款、贖回、購買、折舊和其他付款;條件是,在預付款、贖回、回購、折舊或其他付款生效後,(A)在最近結束的測試期內,總淨槓桿率小於或等於2.25至1.00,(B)不存在或將由此導致違約事件;及(Vii)預付欠控股或任何受限制附屬公司的初級融資,或以任何其他初級融資所得款項預付該等債務的準許再融資。第6.08節與關聯公司的交易。控股公司不會,也不會允許任何受限制附屬公司向其任何聯屬公司出售、租賃或以其他方式轉讓任何財產或資產,或從其任何關聯公司購買、租賃或以其他方式獲得任何財產或資產,或以其他方式與其進行任何其他交易,但(I)(A)控股公司或任何受限制附屬公司或因此類交易而成為受限制附屬公司的任何實體之間的交易,以及(B)涉及總付款或代價低於10,000,000美元的交易,(Ii)按實質上對控股公司或該受限制附屬公司有利的條款,與該人當時在與聯營公司以外的人士進行類似的公平交易時可獲得的條款一樣;。(Iii)支付與該等交易有關的費用及開支;。


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,(V)在本協議允許的範圍內發行控股的股權,(Vi)在正常業務過程中或在其他與交易有關的交易(包括根據第6.04(B)和6.04(N)條規定的貸款和墊款)中,控股與其受限制的子公司之間的僱傭和遣散安排,(Vii)控股及其受限制的子公司根據控股(及其任何此類母公司)、借款人和受限制的子公司之間的税收分享協議按慣例支付的款項,範圍可歸因於控股的所有權或運營,以及


—其受限制子公司,在第6.07條允許的範圍內,(viii)向控股公司董事會成員、高級管理人員和僱員支付常規費用和合理的實付費用,以及代表他們提供的賠償(或其直接或間接父母)。借款人和受限制子公司在正常業務過程中,以歸屬於控股的所有權或經營的程度為限,其受限制子公司,(ix)根據生效日期已存在或擬進行的許可協議進行的交易,並載於附表6.08或任何修訂,只要該修訂不會在任何重大方面對貸款人造成不利影響,(x)第6.07條下允許的限制性付款以及根據第6.04(l)條規定的替代貸款和墊款,(Xi)在日常業務過程中向或從任何合營企業付款,以及與任何合營企業進行交易(包括但不限於與此相關的任何現金管理活動),(xii)與客户,客户,供應商,承包商,合資夥伴或作為附屬公司的商品或服務的買方或賣方的交易,在每種情況下,在正常業務過程中,並在借款人合理確定的情況下,對控股公司和受限制子公司是公平的,或至少與當時從非關聯方合理獲得的同等優惠的條款,(xiii)出售應收賬款,或參與其中,或證券化資產或與任何合格證券化設施有關的相關資產,(xiv)就交易作出的付款,(xv)


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及(xvi)任何其他(A)根據第6.01條允許的債務和根據第6.02條允許的留置權;前提是該等債務和留置權的條款對控股公司及其子公司是公平合理的(由借款人董事會確定),以及(B)第6.03條允許的交易,第6.04節允許的投資和第6.07節允許的限制性付款。 第6.09條限制性協議 控股公司不會,也不會允許任何受限制子公司訂立任何協議、文書、契據或租約,禁止或限制任何貸款方對其各自的任何財產或收入(無論是現在擁有的還是以後獲得的)建立、產生、承擔或忍受存在任何留置權的能力,為被擔保方就被擔保債務或第一留置權貸款文件項下的利益;但前述規定不適用於:(a)由(1)法律要求,(2)任何優先留置權貸款文件,(3)任何管轄優先留置權增量等價債務的文件,(4)任何管轄許可無擔保再融資債務的文件,允許的第一優先再融資債務或允許的第二優先再融資債務,(5)管轄其他債務的任何文件(除欠控股公司的公司間債務外,借款人或受限制子公司),不會嚴重損害借款人支付貸款的能力,(6)根據第6.01(a)(xxiv)條或第6.01(a)(vii)條、(viii)條、(ix)條、(xv)條規定發生的債務的任何文件,(xxii)或(xxvii)及(6)任何規管為再融資上文第(1)至(5)條所述任何該等債務而發生的任何準許再融資的文件;(b)於生效日期存在的慣常限制及條件,以及其任何延期、續期、修訂、修改或替換,惟任何該等修訂、修改或替換擴大任何該等限制或條件的範圍除外;(c)有關出售附屬公司或任何待出售資產的協議所載的限制及條件;但該等限制及條件僅適用於子公司或正在出售或將出售的資產,且該等出售是本協議所允許的;(d)租賃、許可證、分許可證及其他合同中的慣例規定。(包括知識產權的許可和分許可)限制其轉讓;(e)本協議所允許的與擔保債務有關的任何協議所施加的限制,但該限制僅適用於擔保該等債務的財產;(f)在任何人成為受限制附屬公司時任何有效的任何協議中所載的任何限制或條件(但不包括擴大任何該等限制或條件範圍的任何修改或修訂);但該協議並非在該人的預期下訂立


-143-成為受限制子公司,該協議中規定的限制或條件不適用於控股公司、借款人或任何受限制子公司;(G)非貸款方的受限制子公司根據第6.01節允許發生或承擔的任何債務的限制或條件,只要此類限制或條件在任何實質性方面不比第一留置權貸款文件中的限制和條件更具限制性,或就初級融資而言,這些限制或條件是發行時的市場條件,並僅對受限制子公司及其子公司施加;(H)在正常業務過程中訂立的協議對現金(或獲準投資)或其他存款施加的限制(或對構成準許產權負擔的現金或存款的其他限制);。(I)附表6.09所列的限制及其任何延長、續期、修訂、修改或替換,但任何此類修訂、修改或替換擴大任何此類限制或條件的範圍的範圍除外;。(J)適用於第6.04節所允許的合資企業的合資協議和其他類似協議的習慣規定;。(K)租賃、分租、許可證、再許可或資產出售協議中所載的習慣限制,只要該等限制僅涉及受其約束的資產;(L)限制分租或轉讓任何租賃的習慣規定,該等規定管限控股、借款人或任何受限制附屬公司的租賃權益;及(M)附屬公司訂立的不動產租賃中所載的習慣淨值撥備,只要借款人真誠地釐定該等淨值撥備不能合理地預期會削弱控股及其附屬公司履行其持續債務的能力。第6.10節《初級融資修正案》。如果修改或修改的效果對貸款人或開證行有重大不利影響,控股公司將不會、也不會允許任何受限制的子公司修改或修改管理任何次級融資的文件;如果此類次級融資可能在本協議項下以其他方式產生(包括作為不構成初級融資的債務),且修改時的條款被修改,則此類修改不會被視為實質性不利。第6.11節財務業績契約。控股公司不得允許(I)高級擔保第一留置權淨槓桿率在任何測試期的最後一天大於3.50:1.00,以及(Ii)利息覆蓋比率在任何測試期的最後一天小於3.002.00至1.00。第6.12節會計期間的變動。在此情況下,控股公司、借款人和第一留置權管理代理將在此情況下對本協議進行任何必要的調整,以反映該會計年度的變化;此外,本第6.12節的限制不適用於在生效日期發生的交易所產生的任何短年度。


-144-第6.13節


保留區


. 第6.14節反腐敗;反洗錢;制裁。 控股公司或借款人不得直接或據其所知間接使用貸款任何收益的任何部分,或借出、出資或以其他方式提供該等收益:(i)為促進直接或間接提供金錢、財產、禮物或其他有價值的東西的要約、付款、承諾付款,或授權或批准付款或給予金錢、財產、禮物或其他有價值的東西,任何"政府官員"(包括政府或政府擁有或控制的實體或公共國際組織的任何官員或僱員,或以官方身份為或代表上述任何人士行事的任何人,或任何政黨或政黨官員或政治職位候選人)影響官方行動或獲取不正當利益;(ii)以任何可能構成或導致違反適用反腐敗法的方式;(iii)資助或便利任何受制裁人員或受制裁司法管轄區的任何活動或業務;或(iv)以任何方式構成或導致任何人(包括任何被拘留者)違反制裁。 第七條 第7.01節違約事件。 如果發生以下任何事件(任何該等事件,“違約事件”)將發生:(a)任何貸款方應未能支付任何貸款的任何本金或任何信用證支付的任何償還義務,無論是在到期日還是在確定的預付日期或其他日期;(b)任何貸款方不得支付任何貸款的利息或任何費用或任何其他金額,(本第7.01條(a)款所指的款項除外)根據任何第一留置權貸款文件支付,當該等款項到期時,(或如屬無抵押貸款利息支付,(一)(二)(三)(三)(第一留置權管理代理人通知相關借款人該無利率利息支付金額後三個工作日的日期,根據本協議),且該等違約行為應在五(5)個工作日內不予補救;(c)由控股、借款人或其任何受限制附屬公司或其代表作出或視為作出的與任何優先留置權貸款文件或其任何修訂或修改或根據其作出的豁免,或在任何報告、證書中,根據或與任何優先留置權貸款文件或其任何修訂或修改或豁免有關的財務報表或其他文件,在作出或視為作出時,應證明在任何重大方面不正確;(d)(i)控股、借款人或任何受限制附屬公司不得遵守或履行第5.02、5.04條所載的任何契諾、條件或協議(就控股、借款人或任何該等受限制附屬公司的存在而言)、5.10、5.14或第VI條(第6.08條或第6.12條或財務業績約定除外);或(ii)控股或任何受限制子公司未能遵守或履行財務業績約定;但第6.11條下的任何違約事件,應按照第7.02條的規定進行補救,與該條有關的違約事件應在第十(10)條到期之前發生。根據第5.01(a)條或第5.01(b)條的規定,提交有關適用財政季度(或該財政季度最後一天結束的財政年度)的財務報表的日期之後的一天(如適用);


—145—(e)控股公司、借款人或任何受限制子公司應不遵守或履行任何第一留置權貸款文件中包含的任何契約、條件或協議(本第7.01條第(a)、(b)或(d)段規定的除外),且在第一留置權管理代理人向借款人發出書面通知後,該違約行為應繼續不作補救的三十(30)天;(f)控股、借款人或任何受限制附屬公司不得就任何重大債務支付任何款項(無論本金或利息,無論金額如何),而該等款項到期應付(在任何適用的寬限期生效後); (g)發生導致任何重大債務在預定到期日之前到期的任何事件或條件,或導致或允許(所有適用的寬限期均已屆滿)任何重大債務的持有人或代表其或彼等的任何受託人或代理人,以促使任何重大債務到期,或要求提前、回購、贖回或撤銷該等債務,在預定到期日之前,但本款(g)不適用於(i)因出售、轉讓或其他處置而到期的有擔保債務。(包括因事故或譴責事件而導致的)擔保該等債項的財產或資產(在這種銷售範圍內,本協議允許轉讓或其他處置)或(ii)任何掉期協議下發生的終止事件或類似事件構成重大債務(應理解,本第7.01條第(f)段將適用於因任何此類終止或類似事件而未能支付任何要求的任何款項);此外,如果根據任何財務契約在該重大債務中的違約不構成違約事件,除非和直到貸款人或持有人,就該等重大債務而言,實際上已宣佈所有該等債務立即到期和應付,並根據管轄該等重大債務的協議終止承諾,且該等聲明尚未在該日期或之前被有關該等重大債務的所需貸款人撤銷;(h)應啟動非自願程序或提交非自願呈請,尋求(i)有關控股、借款人或任何重要附屬公司或其債務的清算、法院保護、重組或其他濟助,或其資產的重要部分,根據任何聯邦、州或外國破產、無力償債、接管或類似法律(現在或以後生效),或(ii)為控股公司、借款人或任何重要子公司或其資產的重要部分任命接管人、受託人、保管人、審查人、扣押人或類似官員,以及,在任何該等情況下,該法律程序或呈請須持續60天而不被駁回或不被擱置,或須載入批准或命令上述任何一項的命令或判令;(i)控股公司、借款人或任何重要子公司應(i)自願啟動任何訴訟程序或提交任何申請,尋求清算、法院保護、重組或任何聯邦法律規定的其他救濟,州或外國破產、無力償債、接管或類似法律,現在或以後生效;(ii)同意本第7.01條第(h)段所述的任何程序或申請,或未能及時和適當地提出異議;(iii)申請或同意指定接管人、受託人、審查人、保管人、扣押人,控股、借款人或任何重要子公司或其重要部分資產的保管人或類似官員,(iv)提交一份答覆,承認在任何此類訴訟中對其提出的申請的重要指控,或(v)為債權人的利益進行一般轉讓;(j)一項或多於一項可強制執行的判決,以支付總額超逾$25,000的款項,000(就保險人已獲通知該判決或命令而沒有拒絕承保的保險而言,保險人不承保的範圍而言)須針對控股公司作出,借款人及其任何受限制子公司或其任何組合,以及上述兩個子公司應在連續60天內保持未解除,在此期間不得有效中止執行,或任何判定債權人應依法扣押或徵收貸款方對控股公司業務和運營具有重大意義的資產,借款人和受限制子公司(作為一個整體)強制執行任何該等判決;但不得因針對控股、借款人或其任何受限制子公司就SNIA訴訟作出的任何判決而發生本第7.01(j)條下的違約或違約事件;


—146—(k)ERISA事件的發生導致或合理預期將導致重大不利影響;(l)聲稱根據任何擔保文件設立的任何留置權應不再是,或任何貸款方應以書面形式聲明該留置權不是對抵押品任何重要部分的有效且完善的留置權,享有適用擔保文件所要求的優先權,除非(i)由於在第一留置權貸款文件允許的交易中向並非貸款方的人出售或以其他方式處置適用擔保物,(ii)由於第一留置權管理代理人未能(A)維持任何股票證書的管有,根據擔保文件交付給它的本票或其他票據或(B)提交統一商法典修正案或繼續融資報表或(iii)擔保物包括重大不動產,但該損失由貸款人的所有權保險單承保,且該保險人沒有拒絕承保;或(iv)由於第一留置權管理代理人或任何代理人的作為或不作為;(m)任何第一留置權貸款文件的任何實質性條款或第一留置權貸款文件義務的任何擔保,無論出於何種原因,任何貸款方均應以書面形式聲明,除非本協議或本協議明確允許,否則不得構成任何貸款方對該文件的合法、有效和具有約束力的義務;(n)任何貸款方根據第一留置權擔保協議就第一留置權貸款文件責任作出的任何擔保將不再完全有效及作用(在各情況下,根據第一留置權貸款文件的條款除外);或(o)控制權將發生變動。 在任何該等情況下,以及在該等事件持續期間的任何時間,第一留置權管理代理人可以,並應要求貸款人的要求,通過通知借款人,在相同或不同的時間採取任何或所有下列行動:(i)終止承諾,承諾隨即立即終止,(ii)宣佈當時尚未償還的貸款到期並全部償還。(或部分,在該情況下,任何未如此宣佈為到期應付的本金,可在其後宣佈為到期應付的本金),及(iii)要求借款人按照第2.05(j)條的規定向第一留置權管理代理人存入現金抵押品在所有未償還信用證的信用證風險總額中,以及貸款本金和所有被宣佈到期應付的信用證的信用證風險總額中,連同其應計利息以及借款人在本協議項下應計的所有費用和其他義務,應立即到期應付,無需出示、要求、抗議或其他任何種類的通知,所有這些均由借款人特此放棄;如果發生本第7.01條第(h)或(i)段所述的與控股或借款人有關的任何事件,承諾應自動終止,貸款本金當時未償還,連同其應計利息以及借款人在本協議項下應計的所有費用和其他義務,應自動到期應付,無需出示、要求、抗議或其他任何種類的通知,所有這些均由借款人特此放棄。 第7.02節治癒權 (a)儘管第7.01條中有任何相反的規定,但如果控股公司及其受限制子公司未能遵守財務業績契約的要求,(如適用)借款人任何適用財政季度的最後一天,在第十(10)個財政季度開始後的任何時候,該財政季度的財務報表發佈日期後的營業日(或截至該財政季度最後一天的財政年度)須根據第5.01(a)或(b)節(視情況而定)交付,控股公司應有權以現金形式發行合格股權,或以其他方式接受對控股公司資本的現金出資,作為現金普通股權或其他合格股權(控股將通過其附屬公司作為現金普通股本或其他合格股本權益出資)(統稱為“治癒權”),並在控股根據控股行使該治癒權而收到該等發行的淨收益(“治癒金額”)後,應重新計算財務業績約定,以實施以下形式調整之一:


—147—(i)合併EBITDA應就該適用財政季度和包含該財政季度的任何四個財政季度期間增加,僅為衡量財務業績約定的目的,而非本協議項下的任何其他目的,增加的金額等於治癒金額;或(ii)如在上述備考調整生效後,(在不影響以任何部分治癒金額或控股及其受限制附屬公司資產負債表上治癒金額的任何部分償還任何債務的情況下,在每種情況下,僅就該財政季度而言),控股公司及其受限制子公司應遵守財務業績契約中的規定,或財務業績契約不適用於該財政季度,控股及受限制子公司應被視為已於相關日期達到財務業績契約的要求。在本協議的目的上,應視為已發生的適用的違反或違約的情況,應視為已得到糾正;借款人應當在五(5)內通知第一留置權管理機構行使該補救權。發行相關合資格股權以換取現金或控股公司收取現金出資的營業日。 (b)儘管本協議有任何相反規定,(i)在控股公司每連續四個財政季度內,應至少有兩(2)個財政季度未行使治癒權,(ii)在本協議有效期內,治癒權不得行使超過五(5)次,以及(iii)就本第7.02條而言,“不,不。 財務業績約定及超出該約定的任何金額不得視為治癒金額。 儘管本協議中有任何其他相反規定,在確定本協議第六條規定的任何可用籃子時,根據任何行使治癒權而收到的治癒金額應不予考慮。 為免生疑問,為確定是否遵守財務業績準則,不得以備考基準使用治癒金額減少控股公司及其受限制子公司的債務,且在相關期間內,不再將治癒金額包括在任何籃子中而違反本協議第六條項下的任何約定。 第7.03節收益的使用。 根據任何適用的債權人間協議的條款,第一留置權抵押代理人應將任何收取或出售抵押品的收益,包括任何現金抵押品,如下所示:第一,支付第一留置權抵押代理人因該等收取或出售或與本協議有關的所有成本和開支,任何其他優先留置權貸款文件或任何有擔保債務,包括所有訴訟費用及其代理人和法律顧問的費用和開支,第一留置權抵押代理人代表任何貸款方根據本合同項下或根據任何其他第一留置權貸款文件項下的所有預付款的償還,以及與下列事項有關的任何其他費用或開支第二、擔保債務的全部支付(根據任何該等分配日期所欠擔保債務的金額按比例分配給擔保各方); 第三,根據任何適用的債權人間協議,向任何其他次級擔保債務的任何代理人;以及第四,向貸款方、其繼承人或受讓人,或按照有管轄權的法院可能另有指示。 第一留置權抵押代理人應根據本協議對任何該等收益、款項或餘額的使用時間擁有絕對的酌處權。 第一留置權抵押代理人出售抵押品時,


-148-(包括根據法規或司法程序授予的售賣權),收到第一留置權抵押品代理人或出售抵押品的高級人員,即為已如此出售的抵押品的充分清償,該購買者或這些購買者沒有義務監督支付給第一留置權抵押品代理人或該高級人員的購置款的任何部分的使用,或以任何方式對不當使用該款負責。第一留置權抵押品代理人不對任何擔保當事人根據所提供的有關擔保債務的未付本金和利息金額及其他未付金額的資料而採取的行動承擔責任。儘管有上述規定,對任何附屬貸款方的除外互換債務不得用從該附屬貸款方或其資產收到的金額支付,但應對來自其他貸款方的付款進行適當調整,以保留對上述其他擔保債務的分配。第八條行政代理人第8.01條委派和授權.(A)每一貸款人和開證行在此不可撤銷地指定高盛代表其作為第一留置權管理代理人和第一留置權抵押品代理人在本協議和其他第一留置權貸款文件下行事,並授權第一留置權行政代理人代表其採取行動,行使根據本協議或其條款授予第一留置權行政代理人和第一留置權抵押品代理人的權力,以及合理附帶的行動和權力。本條規定僅為第一留置權行政代理和第一留置權抵押品代理、貸款人和開證行的利益,借款人不得作為第三方受益人享有任何此類規定的權利。(B)第一留置權行政代理還應充當第一留置權貸款文件下的“第一留置權抵押品代理”,每一貸款人和開證行在此不可撤銷地指定並授權第一留置權抵押品代理作為該貸款方和開證行的代理人,目的是獲取、持有和執行任何貸款方授予的抵押品的任何和所有留置權,以擔保任何擔保債務,以及合理附帶的權力和酌情決定權。在這方面,第一留置權抵押品代理人以及第一留置權管理代理人和第一留置權抵押品代理人根據第8.05節為持有或執行根據擔保文件授予的抵押品(或其任何部分)的任何留置權,或在第一留置權管理代理人的指示下行使其下的任何權利和補救,應有權享受本條第八條和第九條(包括第9.03節)所有規定的利益(包括第9.03節,子代理人和代理律師是第一份留置權貸款文件中的“抵押品代理人”),就好像在此有詳細説明一樣。第8.02節作為出借人的權利。作為第一留置權管理代理人的人應享有與任何其他貸款人相同的權利和權力,並可以行使相同的權利和權力,如同它不是第一留置權行政代理人一樣;除非另有明確説明或文意另有規定,否則“貸款人”一詞應包括以個人身份擔任第一留置權行政代理人的人。該等人士及其附屬公司可接受借款人或借款人的任何附屬公司或其他附屬公司的存款、持有證券、借出款項、擔任任何其他顧問身份的財務顧問,以及與借款人或借款人的任何附屬公司或其他附屬公司一般從事任何類型的業務,猶如該人並非本協議項下的第一留置權行政代理人,且無任何責任向貸款人作出交代。第8.03節免責條款。第一留置權管理代理人除本合同及其他留置權貸款文件中明確規定的義務外,不承擔任何其他職責或義務。在不限制前述一般性的原則下,第一留置權行政代理人:


—149—(a)不受任何信託或其他隱含責任的約束,無論違約是否已經發生並正在繼續;(b)並無任何責任採取酌情決定行動或行使酌情決定權,但第一留置權管理代理人必須行使的第一留置權貸款文件明確規定的酌情權和權力除外,由所需貸款人書面指示(或本協議或其他優先留置權貸款文件中明確規定的貸款人的其他數量或百分比);但不得要求第一留置權管理代理人採取其認為或其律師認為,可能使第一留置權管理代理人承擔責任或違反任何第一留置權貸款文件或適用法律的行為;(c)除本協議和其他優先留置權貸款文件明確規定外,不得披露任何責任,也不得對未能披露承擔責任。作為第一留置權管理代理人的人或其任何關聯人以任何身份傳達或獲得的與借款人或其任何關聯人有關的任何信息;(d)不對其採取或不採取的任何行動負責(i)經要求貸款人同意或要求(或所需的貸款人的其他數目或百分比,或第一留置權管理代理人真誠地認為是必要的,在第9.02條和第7.01條最後一段規定的情況下)或(ii)在沒有自身重大過失的情況下,具有管轄權的法院通過最終和不可上訴的判決確定的惡意或故意不當行為;第一留置權管理代理人應當被視為不知道任何違約行為,除非並直到第一留置權管理代理人發出書面通知,描述該違約行為。借款人、受讓人或髮卡銀行的留置權管理代理人;及(e)無須負責或有任何責任確定或查詢(i)在本協議或任何其他優先留置權貸款文件中作出或與之有關的任何聲明、保證或陳述;(ii)任何證書的內容,(iii)履行或遵守任何契諾,(iv)本協議、任何其他優先留置權貸款文件或任何其他協議的有效性、可執行性、有效性或一致性,文書或文件,或聲稱由擔保文件產生的任何留置權的產生、完善或優先權,(v)任何抵押物的價值或充分性,或(vi)滿足第IV條或本協議其他地方規定的任何條件,但確認收到明確要求交付給第一留置權管理代理人的物品除外。 第8.04條第一留置權行政代理人的信賴。 第一留置權管理代理人有權依賴任何其認為是真實的並已由適當人簽署、發送或以其他方式認證的通知、請求、證書、同意、聲明、文書、文件或其他書面文件(包括任何電子消息、互聯網或內聯網網站張貼或其他分發),且不承擔任何責任。 第一留置權管理代理人亦得依賴其認為由適當人作出的口頭或電話作出的任何聲明,且不因依賴而承擔任何責任。 在確定貸款或簽發信用證符合本合同項下的任何條件時,根據其條款必須達到貸款人或開證銀行滿意的程度,第一留置權管理代理人可以假定該條件對該受讓人或開證銀行滿意,除非第一留置權管理代理人收到該受讓人的相反通知,或在發放該貸款或簽發該信用證之前,向髮卡行發出通知。 第一留置權管理代理人可諮詢法律顧問(可能是借款人的法律顧問)、獨立會計師和其選定的其他專家,並且對於其根據任何該等律師、會計師或專家的意見採取或不採取的任何行動概不負責。 第8.05節職責的授權。 第一留置權管理代理人可以通過或通過任何一個或多個分代理人履行其任何和所有職責,行使其在本協議項下或任何其他第一留置權貸款文件項下的權利和權力。


—150—可以包括第一留置權管理代理人指定的附屬機構或分支機構。 第一留置權管理代理人和任何該等分代理人可以通過或通過其各自的關聯方履行其任何和所有職責並行使其權利和權力。 本第八條的免責條款應適用於任何該等分代理人、第一留置權管理代理人和任何該等分代理人的關聯方,並應適用於他們各自與本協議所規定的信貸設施聯合有關的活動以及作為第一留置權管理代理人的活動。 第8.06條第一留置權行政代理人的收回。 在本款規定的繼任者的任命和接受的前提下,第一留置權管理代理人可以在通知貸款人、發證銀行和借款人三十(30)天后辭職。 在收到任何該等辭職通知後,要求貸款人應有權在借款人同意的情況下(除非特定違約事件已經發生且仍在繼續)任命繼任者,繼任者應為在美國設有辦事處的銀行,或任何該等銀行在美國設有辦事處的關聯公司。 如該等繼任人未獲要求貸款人如此委任,且該等繼任人在卸任的第一留置權行政代理人發出辭職通知後三十(30)天內接受該等委任,則該辭職仍屬有效,卸任的第一留置權行政代理人可(但無義務)代表貸款人和髮卡銀行任命一個繼任的優先留置權管理代理人,該代理人應為一家在紐約設有辦事處的核準銀行,或任何該等核準銀行的關聯公司(退休的第一留置權管理代理人被替換之日,即“返還生效日期”);但如果第一留置權管理代理人通知借款人和貸款人,沒有符合資格的人接受這種任命,則該項辭職仍須按照該通知生效。 如果擔任第一留置權管理代理人的人是違約的人,則在適用法律允許的範圍內,要求貸款人和控股公司可以通過書面通知該人,解除該人的第一留置權管理代理人的職務,並在借款人同意下,任命繼任者。 如果要求貸款人未指定該等繼承人,並在三十(30)天內(“撤銷生效日期”)接受了該等任命,則該等撤銷仍應根據該等通知在撤銷生效日期生效。 自退款生效日期或移除生效日期起生效(如適用)(1)退休或被免職的第一留置權管理代理人應解除其在本協議項下和其他第一留置權貸款文件項下的職責和義務,(除(i)如屬第一留置權管理代理人根據任何第一留置權貸款文件代表貸款人持有的任何抵押品,退休或被免職的第一留置權管理代理人應繼續持有該抵押品,直至繼任的第一留置權管理代理人被任命為止;(ii)就任何未履行的付款義務而言)及(2)除當時欠退休或被免職的第一留置權管理代理人的任何賠償金或其他款項外,所有付款,第一留置權行政代理人或通過第一留置權行政代理人提供的通信和決定,應改為由或直接向每個申請人提供,直到要求貸款人按照上述規定指定繼任的第一留置權行政代理人為止。 在接受繼承人作為第一留置權管理代理人的任命後,該繼承人應繼承並被授予所有權利,權力,退休人員的特權和義務第一留置權行政代理人(除任何權利要求彌償金或其他款項外,生效日期,如適用),退休或被免職的第一留置權管理代理人應解除其在本節所述及其他第一留置權貸款文件項下的所有職責和義務。 借款人應支付給繼任的第一留置權管理代理人的費用,應與其前任支付的費用相同,除非借款人與該繼任人另有約定。 在退休或被免職的第一留置權管理代理人根據本協議和其他第一留置權貸款文件辭職或免職後,本條和第9.04節的規定應繼續有效,為該退休或被免職的第一留置權管理代理人的利益,其子,代理人及其各自的關聯方就其任何人在退休或免職期間採取或不採取的任何行動,是第一留置權行政代理人


第8.07節不依賴第一留置權行政代理人和其他貸款人。 各承租人和開證銀行確認,其已獨立且不依賴第一留置權管理代理人或任何其他承租人或其任何關聯方,並根據其認為適當的文件和信息,進行了自己的信用分析並作出了訂立本協議的決定。 各承租人和開證銀行還確認,其將獨立且不依賴第一留置權管理代理人或任何其他承租人或其任何關聯方,並根據其不時認為適當的文件和信息,繼續自行決定根據或基於本協議採取或不採取行動,任何其他優先留置權貸款文件或任何相關協議或根據本協議或根據本協議提供的任何文件。 各申請人,通過在生效日期向本協議交付其簽名頁併為其貸款提供資金,或向轉讓和假設、增量貸款修訂或再融資修訂(根據該修訂,其將成為本協議項下的申請人)交付其簽名頁,應被視為已確認收到、同意和批准,每份優先留置權貸款文件和其他文件,要求在生效日期交付給優先留置權管理代理人或貸款人,或由其批准或滿意。 任何承租人均無權單獨變現任何抵押品或強制執行任何擔保債務的擔保,雙方理解並同意,第一留置權貸款文件項下的所有權力、權利和補救措施可僅由第一留置權管理代理人和第一留置權擔保代理人根據其條款代表貸款人行使。 如果第一留置權管理代理人或第一留置權擔保代理人根據公開或私人出售或其他處置對任何抵押品取消贖回權,第一留置權管理代理人、第一留置權擔保代理人或任何受讓人可以是任何此類出售或其他處置中任何或所有此類抵押品的購買者或許可人,以及第一留置權管理代理人或第一留置權抵押代理人,作為貸款人的代理人和代表(但不得以其或其各自個人身份的任何擔保人或貸款人,除非所要求的貸款人另有書面同意)應有權,為投標及結算或支付在任何該等公開出售中出售的全部或任何部分抵押品的購買價,第一留置權管理代理人或第一留置權管理代理人應付的任何抵押物的購買價格,並將任何擔保債務用作信貸。留置權抵押代理人代表貸款人在出售或其他處置中。 每一擔保人,無論是否為本協議的一方,通過接受擔保物和擔保債務的擔保人的利益,將被視為已同意上述條款。 第8.08節無其他義務等。儘管本協議有任何相反規定,任何共同牽頭受讓人或本協議封面上所列為共同牽頭受讓人的任何人均不享有本協議或任何其他優先留置權貸款文件項下的任何權力、職責或責任,除非其作為優先留置權管理代理人(如適用),在本協議項下,一個代理人或一個開證銀行。 第8.09條第一留置權行政代理人可以提出請求的證據。 如果根據任何債務人救濟法或任何其他與貸款方有關的司法程序懸而未決,第一留置權行政代理人(無論任何貸款或未償還信用證的本金是否按本協議所述或通過聲明或其他方式到期應付,也無論第一留置權管理代理人是否已向借款人提出任何要求)應有權並授權通過介入該訴訟程序或以其他方式:(a)提交併證明貸款、信用證未償以及所有其他到期和未償擔保債務的全部到期和未償本金和利息的索賠,並提交為債權人提出索賠所需或建議的其他文件,簽發銀行和第一留置權管理代理人(包括任何索賠的合理補償,費用,付款和預付貸款,簽發銀行和第一留置權管理代理人和他們各自的代理人和律師,以及所有其他款項,


—152—根據第2.12條和第9.03條允許的髮卡銀行和第一留置權管理代理人)在該司法程序中;和(b)收取和接收任何該等索賠應支付或交付的款項或其他財產,並分發該等款項或其他財產;及任何保管人、接管人、受讓人、受託人、清算人。在任何此類司法程序中,扣押人或其他類似官員經各抵押人和發證銀行特此授權向第一留置權管理代理人支付此類款項,如果第一留置權管理代理人同意直接向貸款人和髮卡銀行支付此類款項,則向第一留置權管理代理人支付第一留置權管理代理人及其代理人和律師的合理補償、開支、支出和預付款的任何應付款項,以及根據第2.12條和第9.03條應向第一留置權管理代理人支付的任何其他款項。 本協議所載的任何內容均不應被視為授權第一留置權管理代理人授權或同意或接受或代表任何受讓人或髮卡銀行採取任何重組、安排、影響擔保債務或任何受讓人或髮卡銀行授權第一留置權管理代理人就任何受讓人或髮卡銀行的主張投票的權利的調整或組合銀行或任何此類程序。 第8.10節不放棄;累積補救;強制執行。 任何承租人、任何髮卡銀行或第一留置權管理代理人未能行使或延遲行使本協議項下或任何其他第一留置權貸款文件項下的任何權利、救濟、權力或特權,均不構成對該等權利、救濟、權力或特權的放棄;任何人都不能單獨或部分行使任何權利,補救,本協議項下的權力或特權排除任何其他或進一步行使該等權力或特權,或行使任何其他權利、救濟、權力或特權。 本協議所提供的權利、補救措施、權力及特權以及根據其他第一留置權貸款文件所提供的權利、補救措施、權力及特權是累積的,並不排除法律所提供的任何權利、補救措施、權力及特權。 儘管本協議或任何其他優先留置權貸款文件中有任何相反的規定,對貸款方或任何一方執行本協議項下和其他優先留置權貸款文件項下的權利和補救措施的權力應完全授予,與該等執行有關的所有法律訴訟和法律程序應完全由以下各方提起和維持:第一留置權管理代理人根據第七條為所有貸款人和發證銀行的利益;但前提是(a)第一留置權管理代理人代表其本身行使對其利益有利的權利和救濟。(僅以其作為優先留置權管理代理人的身份)根據本協議和其他優先留置權貸款文件,(b)髮卡銀行或Swingline不得行使對其利益有利的權利和補救措施,(僅以髮卡銀行或Swingline代理人的身份,視情況而定)在本協議項下和其他優先留置權貸款文件項下,(c)根據第9.08條行使抵銷權的任何限制;(在第2.18條的條款下),或(d)在任何債務人救濟法下與任何貸款方有關的訴訟未決期間,提交索賠證明或代表自己出庭和提交訴狀的任何異議;並且進一步規定,如果在任何時候,本協議項下和其他優先留置權貸款文件中沒有任何人擔任優先留置權管理代理人,則(i)要求貸款人應享有根據第七條規定的其他權利,以及(ii)除第(b)款規定的事項外,(c)和(d)前述但書的規定以及在第2.18條的規定下,任何申請人可以在要求貸款人的同意下,強制執行向其提供的並經要求貸款人授權的任何權利和補救措施。 第8.11節某些ERISA事項。 (a)每個擔保人(x)代表並保證,自該人成為本協議的另一方之日起,以及(y)承諾,自該人成為本協議的另一方之日起至該人不再是本協議的另一方之日止,為第一留置權管理代理人的利益,而為免生疑問,並非為借款人或任何其他貸款方的利益,以下至少有一項是正確的,並且將是正確的: (i)該等投資者不使用"計劃資產"(ERISA第3(42)條所指的範圍內,


—第153條—否則)有關該等受益人進入、參與、管理和履行貸款、信用證、承諾或本協議的一個或多個福利計劃, (ii)一個或多個PTE中規定的交易豁免,如PTE 84—14(由獨立合格專業資產管理人確定的某些交易的類別豁免),PTE 95—60(涉及保險公司一般賬户的某些交易的類別豁免),PTE 90—1(對涉及保險公司彙集獨立賬户的某些交易的類別豁免),PTE 91—38(涉及銀行集體投資基金的某些交易的類別豁免)或PTE 96—23(內部資產管理人確定的某些交易的類別豁免),適用於該等貸款人的進入、參與、管理和履行貸款,信用證、承諾和本協議, (iii)(A)該等投資基金是由“合資格專業資產經理”管理的投資基金(定義見PTE 84—14第VI部分),(B)該合格專業資產管理人代表該受託人作出投資決定,以訂立、參與、管理和履行貸款、信用證、承諾和本協議,(C)訂立,參與、管理和履行貸款、信用證、承諾和本協議符合PTE 84—14第I部分第(b)至(g)小節和(D)小節的要求,滿足PTE 84—14第I部分第(a)小節的要求,有關此類貸款人的進入、參與、管理和履行貸款、信用證,承諾和本協議,或 (iv)第一留置權管理代理人與該代理人之間以書面形式約定的其他陳述、保證和約定。 (b)此外,除非前一條(a)中的(1)款(i)款對受讓人而言是真實的(2)受讓人已根據前一條(a)款(iv)款提供了另一種陳述、保證和約定,該受讓人進一步(x)表示並保證,自該人成為本協議的受讓人之日起,及(y)契諾,自該人成為本協議的另一方之日起至該人不再是本協議的另一方之日止,為第一留置權管理代理人的利益,而為免生疑問,並非為借款人或任何其他貸款方的利益,第一留置權管理代理人是與該等受保人進入、參與、管理和履行貸款有關的資產有關的受託人,信用證、承諾和本協議(包括與第一留置權管理代理人在本協議項下保留或行使任何權利、任何第一留置權貸款文件或與此相關的任何文件有關的)。 第九條 雜項第9.01條通知 (a)除明確允許通過電話發送的通知和其他通信外,本協議規定的所有通知和其他通信均應採用書面形式,並應通過專人或隔夜快遞送達,以掛號信或掛號信或傳真或其他電子傳輸方式發送,具體如下:(i)如發給控股公司、借款人、第一留置權管理代理人、髮卡銀行或Swingline代理人,發送至附表9.01中為該人指定的地址、傳真號碼、電子郵件地址或電話號碼;及(ii)如向任何其他人士發出,則按其行政調查問卷(包括(視情況而定)僅向有關人士發出的通知)所載的地址(或傳真號碼、電話號碼或電子郵件地址


-154-由貸款人在當時有效的行政調查問卷中指定,用於交付可能包含與借款人有關的重要非公開信息的通知)。通過專人或隔夜快遞服務發送的通知和其他通信,或通過掛號信或掛號信郵寄的通知和其他通信,在收到時應被視為已發出;通過傳真發送的通知和其他通信應在發送時被視為已發出(但如果不是在收件人的正常營業時間內發出,應被視為已在收件人的下一個營業日開業時發出)。在以下(B)款規定的範圍內通過電子通信交付的通知和其他通信應按照該(B)款的規定有效。(B)電子通訊。本條款項下向貸款人、開證行和Swingline貸款人發出的通知和其他通信可按照第一留置權管理代理人合理批准的程序通過電子系統(包括電子郵件和互聯網或內聯網網站)交付或提供,但上述規定不適用於根據第二條向任何貸款人、開證行或Swingline貸款人發出的通知,前提是該貸款人、開證行或Swingline貸款人(視情況而定)已通過電子通信通知第一留置權行政代理人其無法接收該條款下的通知。除第一留置權行政代理另有規定外,(I)發送至電子郵件地址的通知和其他通信應在發送者收到預期收件人的確認後視為已收到(例如通過可用的“要求回執”功能、回覆電子郵件或其他書面確認),但如果該通知或其他通信不是在接收者的正常營業時間內發送的,則該通知或通信應被視為已在接收者的下一個營業日開業時發送,以及(Ii)在因特網或內聯網網站上張貼的通知或通信,在預期收件人按照前述第(I)款所述的電子郵件地址收到該通知或通信並標明其網站地址時,應被視為已收到。(C)平臺。該平臺是“按原樣”和“按可用”提供的。代理方(定義如下)不保證借款人材料的準確性或完整性或平臺的充分性,並明確不對借款人材料的錯誤或遺漏承擔責任。任何代理方不會就借款人資料或平臺作出任何明示、默示或法定的保證,包括適銷性、特定用途的適用性、不侵犯第三方權利或不受病毒或其他代碼缺陷的保證。在任何情況下,第一留置權管理代理人或其任何關聯方(統稱為代理方)均不對控股公司、借款人、任何貸款人、開證行或任何其他人就借款人或第一留置權行政代理人通過互聯網傳輸借款人材料而產生的任何損失、索賠、損害賠償、債務或費用(無論是侵權、合同或其他方面)承擔任何責任,除非該等損失、索賠、損害賠償、債務或費用是由有管轄權的法院通過最終和不可上訴的判決確定的,該等損失、索賠、損害賠償、債務或費用是由具有管轄權的法院通過最終的、不可上訴的判決確定的。該代理方的惡意或故意不當行為;但在任何情況下,任何代理方均不對控股公司、借款人、任何貸款人、開證行或任何其他人承擔任何間接、特殊、附帶、間接或懲罰性損害賠償(相對於直接或實際損害賠償)的責任。(D)更改地址等控股公司、借款人、第一留置權管理代理、開證行和Swingline貸款人均可通過通知本協議的其他各方更改其地址、電子郵件地址、傳真或電話號碼以及本協議項下的其他通信或網站。每一其他貸款人可以通過通知借款人、第一留置權管理代理、開證行和Swingline貸款人更改其在本協議項下的通知和其他通信的地址、傳真或電話號碼。此外,每一貸款人同意不時通知第一留置權行政代理,以確保第一留置權行政代理記錄有(I)有效地址、聯繫人姓名、電話號碼、傳真號碼和電子郵件地址,以便向其發送通知和其他通信,以及(Ii)該貸款人的準確電匯指示。


—173—在每一個此類情況下,在通知已就該付款作出錯誤。 每個簽發方或簽發方同意,在每種情況下,或如果其另行獲悉付款,(或其中一部分)可能已發送錯誤,該通知書或簽發人應立即通知第一留置權管理代理人發生這種情況,並應第一留置權管理代理人的要求,立即,但在任何情況下不得遲於此後一個營業日,向第一留置權管理代理人返還任何此類付款的金額(或其中一部分)該等要求是在同一天基金中提出的,連同該等付款日期起計的每日利息,(或部分)在該金額以NYFRB利率中較高者償還給第一留置權管理代理人之日,第一留置權管理機構根據不時有效的銀行業同業補償規則釐定的比率。 (c)借款人和其他貸款方特此同意,(x)如果發生錯誤付款,(或其中一部分)不得從已收到該等付款的任何代理人或簽發代理人處收回。(或其部分)因任何原因,第一留置權管理代理人應代位享有該等轉讓人或簽發人有關該金額的所有權利,且(y)錯誤付款不得支付,預付、償還、解除或以其他方式履行借款人或任何其他貸款方所欠的任何義務,除非該錯誤付款是,且僅是該錯誤付款的金額是第一留置權管理代理人為作出該錯誤付款而從借款人或任何其他貸款方收到的資金。 (d)第9.22條下各方的義務應在第一留置權管理代理人辭職或更換、轉讓人或簽發人轉讓或更換權利或義務、終止承諾或償還、履行或解除任何信用單據項下的所有義務後繼續有效。


佩奇的其餘部分故意留白。


-79- Administrative Agent (for the benefit of the Secured Parties) shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the First Lien Administrative Agent in Permitted Investments and at the Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Notwithstanding anything to the contrary set forth in this Agreement, moneys in such account shall be applied by the First Lien Administrative Agent first to reimburse the Issuing Banks for LC Disbursements for which they have not been reimbursed and, to the extent not so applied, the balance shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing more than 50% of the aggregate LC Exposure of all the Revolving Lenders), such balance shall be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default or the existence of a Defaulting Lender, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived or after the termination of Defaulting Lender status, as applicable. (k) Designation of Additional Issuing Banks. The Borrower may, at any time and from time to time, designate as additional Issuing Banks one or more Revolving Lenders that agree in writing to serve in such capacity as provided below. The acceptance by a Revolving Lender of an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the First Lien Administrative Agent and the Borrower, executed by the Borrower, the First Lien Administrative Agent and such designated Revolving Lender and, from and after the effective date of such agreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an issuer of Letters of Credit hereunder. (l) Resignation or Termination of an Issuing Bank. Subject to the appointment and acceptance of a successor Issuing Bank reasonably acceptable to the Borrower, any Issuing Bank may resign at any time by giving thirty (30) days’ written notice to the First Lien Administrative Agent, the Lenders and the Borrower. The Borrower may terminate the appointment of any Issuing Bank as an “Issuing Bank” hereunder by providing a written notice thereof to such Issuing Bank, with a copy to the First Lien Administrative Agent. Any such termination shall become effective upon the earlier of (i) such Issuing Bank’s acknowledging receipt of such notice and (ii) the fifth Business Day following the date of the delivery thereof; provided that no such termination shall become effective until and unless the LC Exposure attributable to all Letters of Credit issued by such Issuing Bank (or its Affiliates) shall have been reduced to zero. At the time any such resignation or termination shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the resigning or terminated Issuing Bank pursuant to Section 2.12(b). Notwithstanding the effectiveness of any such resignation or termination, the resigning or terminated Issuing Bank shall remain a party hereto and shall continue to have all the rights of an Issuing Bank under this Agreement and the other First Lien Loan Documents with respect to Letters of Credit issued by it prior to such resignation or termination, but shall not (a) be required (and shall be discharged from its obligations) to issue any additional Letters of Credit or extend or increase the amount of Letters of Credit then outstanding, without affecting its rights and obligations with respect to Letters of Credit previously issued by it, or (b) be deemed an Issuing Bank for any other purpose. (m) Issuing Bank Reports to the First Lien Administrative Agent. Unless otherwise agreed by the First Lien Administrative Agent, each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section 2.05, report in writing to the First Lien Administrative Agent (i) periodic activity (for such period or recurrent periods as shall be requested by the First Lien Administrative Agent) in respect of Letters of Credit issued by such Issuing Bank, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) within five (5) Business Days following the time that such Issuing Bank issues, amends, renews or extends any Letter of Credit, the date of such issuance, amendment, renewal or extension, and face amount of the Letters of Credit issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed), (iii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date and amount of such LC Disbursement, (iv) on any Business Day on which a Borrower fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and amount of such LC Disbursement and (v) on any other Business Day, such other information as the First Lien Administrative Agent


-80- shall reasonably request as to the Letters of Credit issued by such Issuing Bank; provided that no Issuing Bank shall have any liability hereunder to any Person for any failure to deliver the reports contemplated by this paragraph (m) of Section 2.05. (n) Applicability of ISP and UCP. Unless otherwise expressly agreed by the applicable Issuing Bank and the Borrower when a Letter of Credit is issued or when it is amended with the consent of the beneficiary thereof, (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, the applicable Issuing Bank shall not be responsible to the Borrower for, and the applicable Issuing Bank’s rights and remedies against the Borrower shall not be impaired by, any action or inaction of the applicable Issuing Bank required or permitted under any law, order or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the applicable law or any order of any Governmental Authority in a jurisdiction where the applicable Issuing Bank or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade (BAFT), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. (o) Rollover of Existing Letters of Credit and Other Letters of Credit. Each of the Existing Letters of Credit outstanding on the Effective Date shall remain outstanding as a Letter of Credit under this Agreement until otherwise returned or expired. Any letter of credit that was issued by an Issuing Bank and is not a Letter of Credit will be deemed to be a Letter of Credit issued under this Agreement on the date that the Borrower, the Issuing Bank with respect to such letter of credit and the First Lien Administrative Agent sign an instrument identifying such letter of credit as a Letter of Credit under this Agreement; provided that such instrument may only be executed if such letter of credit would be permitted to be issued under this Agreement as a Letter of Credit on such date. SECTION 2.06 Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time in the case of any Loan in Dollars or Canadian Dollars and 2:00 p.m., London, England time in the case of any Loan in an Alternative Currency (other than Canadian Dollars), to the Applicable Account of the First Lien Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made as provided in Section 2.04. The First Lien Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f) shall be remitted by the First Lien Administrative Agent to the applicable Issuing Bank. (b) Unless the First Lien Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing (or, in the case of any ABR Borrowing, prior to the actual date of such ABR Borrowing) that such Lender will not make available to the First Lien Administrative Agent such Lender’s share of such Borrowing, the First Lien Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section 2.06 and may, in reliance on such assumption and in its sole discretion, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the First Lien Administrative Agent, then the applicable Lender agrees to pay to the First Lien Administrative Agent an amount equal to such share on demand of the First Lien Administrative Agent. If such Lender does not pay such corresponding amount forthwith upon demand of the First Lien Administrative Agent therefor, the First Lien Administrative Agent shall promptly notify the Borrower, and the Borrower agrees to pay such corresponding amount to the First Lien Administrative Agent forthwith on demand. The First Lien Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the First Lien Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the First Lien Administrative Agent in accordance with banking industry rules on interbank compensation, or (ii) in the case of the Borrower, the interest rate applicable to such Borrowing in accordance with Section 2.13. If such Lender pays such amount to the First Lien Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.


-81- (c) The obligations of the Lenders hereunder to make Term Loans and Revolving Loans, to fund participations in Letters of Credit and Swingline Loans and to make payments pursuant to Section 9.03(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 9.03(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 9.03(c). SECTION 2.07 Interest Elections. (a) Each Revolving Borrowing of the applicable Class and each Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request or designated by Section 2.03 and, in the case of a Term Benchmark Borrowing, shall have an initial Interest Period as specified in such Borrowing Request or designated by Section 2.03. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Term Benchmark Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.07; provided that, notwithstanding anything to the contrary herein, no Loan may be converted into or continued as a Loan denominated in a different currency but instead must be prepaid in the original currency of such Loan and reborrowed in the other currency. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. (b) To make an election pursuant to this Section 2.07, the Borrower shall notify the First Lien Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery, facsimile or other electronic transmission to the First Lien Administrative Agent of a written Interest Election Request signed by a Responsible Officer of the Borrower. (c) Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.03: (i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Term Benchmark Borrowing; and (iv) if the resulting Borrowing is to be a Term Benchmark Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period.” If any such Interest Election Request requests a Term Benchmark Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. (d) Promptly following receipt of an Interest Election Request in accordance with this Section 2.07, the First Lien Administrative Agent shall advise each Lender of the applicable Class of the details thereof and of such Lender’s portion of each resulting Borrowing. (e) If the Borrower fails to deliver a timely Interest Election Request with respect to a Term Benchmark Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid


-82- as provided herein, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the First Lien Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Term Benchmark Borrowing and (ii) unless repaid, each Term Benchmark Borrowing, if denominated in Dollars or Canadian Dollars shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. SECTION 2.08 Termination and Reduction of Commitments. (a) Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Maturity Date. The Second Incremental Amendment Term Commitments provided on the Second Incremental Amendment Effective Date shall be automatically and permanently reduced to zero on the date of the initial incurrence thereof, which shall be the Second Incremental Amendment Effective Date. The Delayed Draw Incremental Commitment of each Lender shall be automatically and permanently reduced (x) by the aggregate amount of the Delayed Draw Incremental Term Loans made from time to time by each Lender pursuant to Section 2.01(a)(2) and (y) to $0 upon the Delayed Draw Incremental Commitment Termination Date. (b) The Borrower may at any time terminate, or from time to time reduce, the Commitments of any Class, provided that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000 unless such amount represents all of the remaining Commitments of such Class and (ii) the Borrower shall not terminate or reduce the Revolving Commitments of any Class if, after giving effect to any concurrent prepayment of the Revolving Loans or Swingline Loans of any Class in accordance with Section 2.11, the aggregate Revolving Exposures of such Class would exceed the aggregate Revolving Commitments of such Class. (c) The Borrower shall notify the First Lien Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section 2.08 at least one (1) Business Day prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the First Lien Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.08 shall be irrevocable; provided that a notice of termination of the Revolving Commitments of any Class delivered by the Borrower may state that such notice is conditioned upon the effectiveness of any credit facility or the receipt of the proceeds from the issuance of other Indebtedness or the occurrence of some other identifiable and specified event or condition, in which case such notice may be revoked or extended by the Borrower (by notice to the First Lien Administrative Agent on or prior to the specified effective date of termination) if such condition is not satisfied. Any termination or reduction of the Commitments of any Class shall be permanent. Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with their respective Commitments of such Class. SECTION 2.09 Repayment of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally promise to pay (i) to the First Lien Administrative Agent for the account of each Lender the then unpaid principal amount of each Revolving Loan of such Lender on the Revolving Maturity Date, (ii) to the First Lien Administrative Agent for the account of each Lender the then unpaid principal amount of each Term Loan of such Lender as provided in Section 2.10 and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan made by the Swingline Lender on the earlier to occur of (A) the date that is ten (10) Business Days after such Loan is made and (B) the Revolving Maturity Date; provided that on each date that a Revolving Borrowing is made, the Borrower shall repay all Swingline Loans that were outstanding on the date such Borrowing was requested. (b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. (c) The First Lien Administrative Agent shall, in connection with the maintenance of the Register in accordance with Section 9.04(b)(iv), maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal


-83- or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the First Lien Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section 2.09 shall be prima facie evidence of the existence and amounts of the obligations recorded therein, provided that the failure of any Lender or the First Lien Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to pay any amounts due hereunder in accordance with the terms of this Agreement. In the event of any inconsistency between the entries made pursuant to paragraphs (b) and (c) of this Section 2.09, the accounts maintained by the First Lien Administrative Agent pursuant to paragraph (c) of this Section 2.09 shall control. (e) Any Lender may request through the First Lien Administrative Agent that Loans of any Class made by it be evidenced by a Note. In such event, the Borrower shall execute and deliver to such Lender a Note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns). SECTION 2.10 Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Second Incremental Amendment Term Loans to reflect the equivalent amortization for such fungible increase, the Borrower shall repay Borrowings of the Second Incremental Amendment Term Loans and the funded amount of Delayed Draw Incremental Term Loans borrowed on or after the Second Incremental Amendment Effective Date on the last day of each March, June, September and December (commencing on December 31, 2022) prior to the Term Maturity Date, in each case, in a principal amount equal to: (1) for the period commencing with the fiscal quarter ending December 31, 2022 through the fiscal quarter ending June 30, 2023, 0.625% of the original principal amount of the Second Incremental Amendment Term Loans made on the Second Incremental Amendment Effective Date, plus the funded amount of any Delayed Draw Incremental Term Loans made on any Delayed Draw Incremental Funding Date; (2) for the period commencing with the fiscal quarter ending September 30, 2023 through the fiscal quarter ending June 30, 2025, 1.25% of the original principal amount of the Second Incremental Amendment Term Loans made on the Second Incremental Amendment Effective Date plus the funded amount of any Delayed Draw Incremental Term Loans made on any Delayed Draw Incremental Funding Date; (3) for the period commencing with the fiscal quarter ending September 30, 2025 through the fiscal quarter ending June 30, 2026, 1.875% of the original principal amount of the Second Incremental Amendment Term Loans made on the Second Incremental Amendment Effective Date plus the funded amount of any Delayed Draw Incremental Term Loans made on any Delayed Draw Incremental Funding Date; and (4) thereafter, 2.50% of the original principal amount of the Second Incremental Amendment Term Loans made on the Second Incremental Amendment Effective Date plus the funded amount of any Delayed Draw Incremental Term Loans made on any Delayed Draw Incremental Funding Date. If any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day. (b) To the extent not previously paid, all Second Incremental Amendment Term Loans and the funded amount of any Delayed Draw Incremental Term Loans shall be due and payable on the Term Maturity Date. (c) Any prepayment of a Term Borrowing of any Class (including, for the avoidance of doubt, the funded amount of the Delayed Draw Incremental Term Loans) (i) pursuant to Section 2.11(a)(i) shall be applied to reduce the subsequent scheduled and outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section 2.10 as directed by the Borrower (and absent such direction in direct order of maturity) and (ii) pursuant to Section 2.11(c) or Section 2.11(d) shall be applied to reduce the subsequent scheduled and outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section 2.10, or, except as otherwise


-84- provided in any Refinancing Amendment or Loan Modification Agreement, pursuant to the corresponding section of such Refinancing Amendment or Loan Modification Agreement, as applicable, as directed by the Borrower and, in the absence of such direction, in direct order of maturity (including any Incremental Facility). (d) Prior to any repayment of any Term Borrowings of any Class hereunder, the Borrower shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the First Lien Administrative Agent by telephone (confirmed in writing) or by hand delivery, facsimile or other electronic transmission of such election not later than 2:00 p.m., New York City time (or London, England time in the case of Loans denominated in an Alternative Currency (other than Canadian Dollars)), one (1) Business Day before the scheduled date of such repayment. In the absence of a designation by the Borrower as described in the preceding sentence, the First Lien Administrative Agent shall make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.16 and shall be applied in direct order of maturity. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid. SECTION 2.11 Prepayment of Loans. (a) (i) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty; provided that each prepayment of any Borrowing of any Class shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000 unless such amount represents all of the outstanding Term Borrowings or Revolving Borrowings or Swingline Loans of such Class. (ii) Notwithstanding anything in any First Lien Loan Document to the contrary, so long as no Default or Event of Default has occurred and is continuing, Holdings, the Borrower or any of their respective Subsidiaries may offer to prepay all or a portion of the outstanding Term Loans on the following basis: (A) Holdings, the Borrower or any of their respective Subsidiaries shall have the right to make a voluntary prepayment of Term Loans at a discount to par (such prepayment, the “Discounted Term Loan Prepayment”) pursuant to a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offers or Borrower Solicitation of Discounted Prepayment Offers, in each case made in accordance with this Section 2.11(a)(ii); provided that (x) Holdings, the Borrower or any of their respective Subsidiaries shall not make any Borrowing of Revolving Loans or Swingline Loans to fund any Discounted Term Loan Prepayment and (y) Holdings, the Borrower or any of their respective Subsidiaries shall not initiate any action under this Section 2.11(a)(ii) in order to make a Discounted Term Loan Prepayment unless (I) at least ten (10) Business Days shall have passed since the consummation of the most recent Discounted Term Loan Prepayment as a result of a prepayment made by Holdings, the Borrower or any of their respective Subsidiaries on the applicable Discounted Prepayment Effective Date; or (II) at least three (3) Business Days shall have passed since the date Holdings, the Borrower or any of their respective Subsidiaries were notified that no Term Lender was willing to accept any prepayment of any Term Loan and/or Other First Lien Term Loan at the Specified Discount, within the Discount Range or at any discount to par value, as applicable, or in the case of Borrower Solicitation of Discounted Prepayment Offers, the date of Holdings’, the Borrower’s or any of their respective Subsidiaries’ election not to accept any Solicited Discounted Prepayment Offers and (z) each Lender participating in any Discounted Term Loan Prepayment acknowledges and agrees that in connection with such Discounted Term Loan Prepayment, (1) the Borrower then may have, and later may come into possession of, information regarding the Term Loans or the Loan Parties hereunder that is not known to such Lender and that may be material to a decision by such Lender to participate in such Discounted Term Loan Prepayment (“Excluded Information”), (2) such Lender has independently and, without reliance on Holdings, any of its Subsidiaries, the First Lien Administrative Agent or any of their respective Affiliates, made its own analysis and determination to participate in such Discounted Term Loan Prepayment notwithstanding such Lender’s lack of knowledge of the Excluded Information and (3) none of Holdings, its Subsidiaries, the First Lien Administrative Agent, or any of their respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent permitted by Requirements of Law, any claims such Lender may have against Holdings, its Subsidiaries, the First Lien Administrative Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information; provided further that any Term Loan that is prepaid will be automatically and irrevocably cancelled.


-85- (B) (1) Subject to the proviso to subsection (A) above, Holdings, the Borrower or any of their respective Subsidiaries may from time to time offer to make a Discounted Term Loan Prepayment by providing the Auction Agent with three (3) Business Days’ notice in the form of a Specified Discount Prepayment Notice; provided that (I) any such offer shall be made available, at the sole discretion of Holdings, the Borrower or any of their respective Subsidiaries, to each Term Lender and/or each Lender with respect to any Class of Term Loans on an individual tranche basis, (II) any such offer shall specify the aggregate principal amount offered to be prepaid (the “Specified Discount Prepayment Amount”) with respect to each applicable tranche, the tranche or tranches of Term Loans subject to such offer and the specific percentage discount to par (the “Specified Discount”) of such Term Loans to be prepaid (it being understood that different Specified Discounts and/or Specified Discount Prepayment Amounts may be offered with respect to different tranches of Term Loans and, in such an event, each such offer will be treated as a separate offer pursuant to the terms of this Section), (III) the Specified Discount Prepayment Amount shall be in an aggregate amount not less than $1,000,000 and whole increments of $500,000 in excess thereof and (IV) each such offer shall remain outstanding through the Specified Discount Prepayment Response Date. The Auction Agent will promptly provide each relevant Term Lender with a copy of such Specified Discount Prepayment Notice and a form of the Specified Discount Prepayment Response to be completed and returned by each such Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m., New York City time, on the third Business Day after the date of delivery of such notice to the relevant Term Lenders (the “Specified Discount Prepayment Response Date”). (2) Each relevant Term Lender receiving such offer shall notify the Auction Agent (or its delegate) by the Specified Discount Prepayment Response Date whether or not it agrees to accept a prepayment of any of its relevant then outstanding Term Loans at the Specified Discount and, if so (such accepting Term Lender, a “Discount Prepayment Accepting Lender”), the amount and the tranches of such Lender’s Term Loans to be prepaid at such offered discount. Each acceptance of a Discounted Term Loan Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable. Any Term Lender whose Specified Discount Prepayment Response is not received by the Auction Agent by the Specified Discount Prepayment Response Date shall be deemed to have declined to accept the applicable Borrower Offer of Specified Discount Prepayment. (3) If there is at least one Discount Prepayment Accepting Lender, Holdings, the Borrower or any of their respective Subsidiaries will make prepayment of outstanding Term Loans pursuant to this paragraph (B) to each Discount Prepayment Accepting Lender in accordance with the respective outstanding amount and tranches of Term Loans specified in such Lender’s Specified Discount Prepayment Response given pursuant to subsection (2); provided that, if the aggregate principal amount of Term Loans accepted for prepayment by all Discount Prepayment Accepting Lenders exceeds the Specified Discount Prepayment Amount, such prepayment shall be made pro-rata among the Discount Prepayment Accepting Lenders in accordance with the respective principal amounts accepted to be prepaid by each such Discount Prepayment Accepting Lender and the Auction Agent (in consultation with Holdings, the Borrower or any of their respective Subsidiaries and subject to rounding requirements of the Auction Agent made in its reasonable discretion) will calculate such proration (the “Specified Discount Proration”). The Auction Agent shall promptly, and in any case within three (3) Business Days following the Specified Discount Prepayment Response Date, notify (I) Holdings, the Borrower or any of their respective Subsidiaries of the respective Term Lenders’ responses to such offer, the Discounted Prepayment Effective Date and the aggregate principal amount of the Discounted Term Loan Prepayment and the tranches to be prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, and the aggregate principal amount and the tranches of Term Loans to be prepaid at the Specified Discount on such date and (III) each Discount Prepayment Accepting Lender of the Specified Discount Proration, if any, and confirmation of the principal amount, tranche and Type of Loans of such Lender to be prepaid at the Specified Discount on such date. Each determination by the Auction Agent of the amounts stated in the foregoing notices to Holdings, the Borrower or any of their respective Subsidiaries and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to Holdings, the Borrower or any of their respective Subsidiaries shall be due and payable by Holdings, the Borrower or any of their respective Subsidiaries on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to subsection (J) below).


-86- (C) (1) Subject to the proviso to subsection (A) above, Holdings, the Borrower or any of their respective Subsidiaries may from time to time solicit Discount Range Prepayment Offers by providing the Auction Agent with three (3) Business Days’ notice in the form of a Discount Range Prepayment Notice; provided that (I) any such solicitation shall be extended, at the sole discretion of Holdings, the Borrower or any of their respective Subsidiaries, to each Term Lender and/or each Lender with respect to any Class of Loans on an individual tranche basis, (II) any such notice shall specify the maximum aggregate principal amount of the relevant Term Loans (the “Discount Range Prepayment Amount”), the tranche or tranches of Term Loans subject to such offer and the maximum and minimum percentage discounts to par (the “Discount Range”) of the principal amount of such Term Loans with respect to each relevant tranche of Term Loans willing to be prepaid by Holdings, the Borrower or any of their respective Subsidiaries (it being understood that different Discount Ranges and/or Discount Range Prepayment Amounts may be offered with respect to different tranches of Term Loans and, in such an event, each such offer will be treated as a separate offer pursuant to the terms of this Section), (III) the Discount Range Prepayment Amount shall be in an aggregate amount not less than $1,000,000 and whole increments of $500,000 in excess thereof and (IV) each such solicitation by Holdings, the Borrower or any of their respective Subsidiaries shall remain outstanding through the Discount Range Prepayment Response Date. The Auction Agent will promptly provide each relevant Term Lender with a copy of such Discount Range Prepayment Notice and a form of the Discount Range Prepayment Offer to be submitted by a responding relevant Term Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m., New York City time, on the third Business Day after the date of delivery of such notice to the relevant Term Lenders (the “Discount Range Prepayment Response Date”). Each relevant Term Lender’s Discount Range Prepayment Offer shall be irrevocable and shall specify a discount to par within the Discount Range (the “Submitted Discount”) at which such Term Lender is willing to allow prepayment of any or all of its then outstanding Term Loans of the applicable tranche or tranches and the maximum aggregate principal amount and tranches of such Lender’s Term Loans (the “Submitted Amount”) such Lender is willing to have prepaid at the Submitted Discount. Any Term Lender whose Discount Range Prepayment Offer is not received by the Auction Agent by the Discount Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term Loans at any discount to their par value within the Discount Range. (2) The Auction Agent shall review all Discount Range Prepayment Offers received on or before the applicable Discount Range Prepayment Response Date and shall determine (in consultation with Holdings, the Borrower or any of their respective Subsidiaries and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) the Applicable Discount and Term Loans to be prepaid at such Applicable Discount in accordance with this subsection (C). Holdings, the Borrower or any of their respective Subsidiaries agree to accept on the Discount Range Prepayment Response Date all Discount Range Prepayment Offers received by the Auction Agent by the Discount Range Prepayment Response Date, in the order from the Submitted Discount that is the largest discount to par to the Submitted Discount that is the smallest discount to par, up to and including the Submitted Discount that is the smallest discount to par within the Discount Range (such Submitted Discount that is the smallest discount to par within the Discount Range being referred to as the “Applicable Discount”) which yields a Discounted Term Loan Prepayment in an aggregate principal amount equal to the lower of (I) the Discount Range Prepayment Amount and (II) the sum of all Submitted Amounts. Each Lender that has submitted a Discount Range Prepayment Offer to accept prepayment at a discount to par that is larger than or equal to the Applicable Discount shall be deemed to have irrevocably consented to prepayment of Term Loans equal to its Submitted Amount (subject to any required proration pursuant to the following subsection (3)) at the Applicable Discount (each such Lender, a “Participating Lender”). (3) If there is at least one Participating Lender, Holdings, the Borrower or any of their respective Subsidiaries will prepay the respective outstanding Term Loans of each Participating Lender in the aggregate principal amount and of the tranches specified in such Lender’s Discount Range Prepayment Offer at the Applicable Discount; provided that if the Submitted Amount by all Participating Lenders offered at a discount to par greater than the Applicable Discount exceeds the Discount Range Prepayment Amount, prepayment of the principal amount of the relevant Term Loans for those Participating Lenders whose Submitted Discount is a discount to par greater than or equal to the Applicable Discount (the “Identified Participating Lenders”) shall be made pro-rata among the Identified Participating Lenders in accordance with the Submitted Amount of each such Identified Participating Lender and the Auction Agent (in consultation


-87- with Holdings, the Borrower or any of their respective Subsidiaries and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) will calculate such proration (the “Discount Range Proration”). The Auction Agent shall promptly, and in any case within five (5) Business Days following the Discount Range Prepayment Response Date, notify (I) Holdings, the Borrower or any of their respective Subsidiaries of the respective Term Lenders’ responses to such solicitation, the Discounted Prepayment Effective Date, the Applicable Discount, and the aggregate principal amount of the Discounted Term Loan Prepayment and the tranches to be prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, the Applicable Discount, and the aggregate principal amount and tranches of Term Loans to be prepaid at the Applicable Discount on such date, (III) each Participating Lender of the aggregate principal amount and tranches of such Lender to be prepaid at the Applicable Discount on such date, and (z) if applicable, each Identified Participating Lender of the Discount Range Proration. Each determination by the Auction Agent of the amounts stated in the foregoing notices to Holdings, the Borrower or any of their respective Subsidiaries and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to Holdings, the Borrower or any of their respective Subsidiaries shall be due and payable by the Borrower on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to subsection (J) below). (D) (1) Subject to the proviso to subsection (A) above, Holdings, the Borrower or any of their respective Subsidiaries may from time to time solicit Solicited Discounted Prepayment Offers by providing the Auction Agent with three (3) Business Days’ notice in the form of a Solicited Discounted Prepayment Notice; provided that (I) any such solicitation shall be extended, at the sole discretion of Holdings, the Borrower or any of their respective Subsidiaries, to each Term Lender and/or each Lender with respect to any Class of Term Loans on an individual tranche basis, (II) any such notice shall specify the maximum aggregate Dollar Amount of the Term Loans (the “Solicited Discounted Prepayment Amount”) and the tranche or tranches of Term Loans Holdings, the Borrower or any of their respective Subsidiaries is willing to prepay at a discount (it being understood that different Solicited Discounted Prepayment Amounts may be offered with respect to different tranches of Term Loans and, in such an event, each such offer will be treated as a separate offer pursuant to the terms of this Section), (III) the Solicited Discounted Prepayment Amount shall be in an aggregate amount not less than $1,000,000 and whole increments of $500,000 in excess thereof and (IV) each such solicitation by Holdings, the Borrower or any of their respective Subsidiaries shall remain outstanding through the Solicited Discounted Prepayment Response Date. The Auction Agent will promptly provide each relevant Term Lender with a copy of such Solicited Discounted Prepayment Notice and a form of the Solicited Discounted Prepayment Offer to be submitted by a responding Term Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m., New York City time on the third Business Day after the date of delivery of such notice to the relevant Term Lenders (the “Solicited Discounted Prepayment Response Date”). Each Term Lender’s Solicited Discounted Prepayment Offer shall (x) be irrevocable, (y) remain outstanding until the Acceptance Date, and (z) specify both a discount to par (the “Offered Discount”) such Term Lender is willing to allow to be applied to the prepayment of its then outstanding Term Loan and the maximum aggregate principal amount and tranches of such Term Loans (the “Offered Amount”) such Term Lender is willing to have prepaid subject to such Offered Discount. Any Term Lender whose Solicited Discounted Prepayment Offer is not received by the Auction Agent by the Solicited Discounted Prepayment Response Date shall be deemed to have declined prepayment of any of its Term Loans at any discount. (2) The Auction Agent shall promptly provide Holdings, the Borrower or any of their respective Subsidiaries with a copy of all Solicited Discounted Prepayment Offers received on or before the Solicited Discounted Prepayment Response Date. Holdings, the Borrower or any of their respective Subsidiaries shall review all such Solicited Discounted Prepayment Offers and select the largest of the Offered Discounts specified by the relevant responding Term Lenders in the Solicited Discounted Prepayment Offers that is acceptable to Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries (the “Acceptable Discount”), if any. If Holdings, the Borrower or any of their respective Subsidiaries elects to accept any Offered Discount as the Acceptable Discount, then as soon as practicable after the determination of the Acceptable Discount, but in no event later than by the third Business Day after the date of receipt by Holdings, the Borrower or any of their respective Subsidiaries from the Auction Agent of a copy of all Solicited Discounted Prepayment Offers pursuant to the first sentence of this subsection (2) (the “Acceptance Date”), Holdings, the Borrower or any of their respective Subsidiaries shall submit an Acceptance and Prepayment Notice to the Auction Agent setting forth the Acceptable Discount.


-88- If the Auction Agent shall fail to receive an Acceptance and Prepayment Notice from Holdings, the Borrower or any of their respective Subsidiaries by the Acceptance Date, Holdings, the Borrower or any of their respective Subsidiaries shall be deemed to have rejected all Solicited Discounted Prepayment Offers. (3) Based upon the Acceptable Discount and the Solicited Discounted Prepayment Offers received by Auction Agent by the Solicited Discounted Prepayment Response Date, within three (3) Business Days after receipt of an Acceptance and Prepayment Notice (the “Discounted Prepayment Determination Date”), the Auction Agent will determine (in consultation with Holdings, the Borrower or any of their respective Subsidiaries and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) the aggregate principal amount and the tranches of Term Loans (the “Acceptable Prepayment Amount”) to be prepaid by Holdings, the Borrower or any of their respective Subsidiaries at the Acceptable Discount in accordance with this Section 2.11(a)(ii)(D). If Holdings, the Borrower or any of their respective Subsidiaries elects to accept any Acceptable Discount, then Holdings,, the Borrower or any of their respective Subsidiaries agrees to accept all Solicited Discounted Prepayment Offers received by Auction Agent by the Solicited Discounted Prepayment Response Date, in the order from largest Offered Discount to smallest Offered Discount, up to and including the Acceptable Discount. Each Lender that has submitted a Solicited Discounted Prepayment Offer with an Offered Discount that is greater than or equal to the Acceptable Discount shall be deemed to have irrevocably consented to prepayment of Term Loans equal to its Offered Amount (subject to any required pro-rata reduction pursuant to the following sentence) at the Acceptable Discount (each such Lender, a “Qualifying Lender”). Holdings, the Borrower or any of their respective Subsidiaries will prepay outstanding Term Loans pursuant to this subsection (D) to each Qualifying Lender in the aggregate principal amount and of the tranches specified in such Lender’s Solicited Discounted Prepayment Offer at the Acceptable Discount; provided that if the aggregate Offered Amount by all Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount exceeds the Solicited Discounted Prepayment Amount, prepayment of the principal amount of the Term Loans for those Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount (the “Identified Qualifying Lenders”) shall be made pro-rata among the Identified Qualifying Lenders in accordance with the Offered Amount of each such Identified Qualifying Lender and the Auction Agent (in consultation with Holdings, the Borrower or any of their respective Subsidiaries and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) will calculate such proration (the “Solicited Discount Proration”). On or prior to the Discounted Prepayment Determination Date, the Auction Agent shall promptly notify (I) Holdings, the Borrower or any of their respective Subsidiaries of the Discounted Prepayment Effective Date and Acceptable Prepayment Amount comprising the Discounted Term Loan Prepayment and the tranches to be prepaid, (II) each Term Lender who made a Solicited Discounted Prepayment Offer of the Discounted Prepayment Effective Date, the Acceptable Discount, and the Acceptable Prepayment Amount of all Term Loans and the tranches to be prepaid to be prepaid at the Applicable Discount on such date, (III) each Qualifying Lender of the aggregate principal amount and the tranches of such Lender to be prepaid at the Acceptable Discount on such date, and (IV) if applicable, each Identified Qualifying Lender of the Solicited Discount Proration. Each determination by the Auction Agent of the amounts stated in the foregoing notices to the Borrower and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to the Borrower shall be due and payable by the Borrower on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to subsection (J) below). (E) In connection with any Discounted Term Loan Prepayment, Holdings, the Borrower or any of their respective Subsidiaries and the Lenders acknowledge and agree that the Auction Agent may require as a condition to any Discounted Term Loan Prepayment, the payment of reasonable and customary fees and expenses from Holdings, the Borrower or any of their respective Subsidiaries in connection therewith. (F) If any Term Loan is prepaid in accordance with paragraphs (B) through (D) above, Holdings, the Borrower or any of their respective Subsidiaries shall prepay such Term Loans on the Discounted Prepayment Effective Date. Holdings, the Borrower or any of their respective Subsidiaries shall make such prepayment to the Auction Agent, for the account of the Discount Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as applicable, at the First Lien Administrative Agent’s Office in immediately available funds not later than 11:00 a.m. New York City time (or London, England time in the case of Loans denominated in an Alternative Currency (other than Canadian Dollars)) on the Discounted


-89- Prepayment Effective Date and all such prepayments shall be applied to the remaining principal installments of the relevant tranche of Term Loans on a pro rata basis across such installments. The Term Loans so prepaid shall be accompanied by all accrued and unpaid interest on the par principal amount so prepaid up to, but not including, the Discounted Prepayment Effective Date. Each prepayment of the outstanding Term Loans pursuant to this Section 2.11(a)(ii) shall be paid to the Discount Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as applicable. The aggregate principal amount of the tranches and installments of the relevant Term Loans outstanding shall be deemed reduced by the full par value of the aggregate principal amount of the tranches of Term Loans prepaid on the Discounted Prepayment Effective Date in any Discounted Term Loan Prepayment. (G) To the extent not expressly provided for herein, each Discounted Term Loan Prepayment shall be consummated pursuant to procedures consistent with the provisions in this Section 2.11(a)(ii), established by the Auction Agent acting in its reasonable discretion and as reasonably agreed by Holdings, the Borrower or any of their respective Subsidiaries. (H) Notwithstanding anything in any First Lien Loan Document to the contrary, for purposes of this Section 2.11(a)(ii), each notice or other communication required to be delivered or otherwise provided to the Auction Agent (or its delegate) shall be deemed to have been given upon Auction Agent’s (or its delegate’s) actual receipt during normal business hours of such notice or communication; provided that any notice or communication actually received outside of normal business hours shall be deemed to have been given as of the opening of business on the next Business Day. (I) Each of Holdings, the Borrower or any of their respective Subsidiaries and the Lenders acknowledges and agrees that the Auction Agent may perform any and all of its duties under this Section 2.11(a)(ii) by itself or through any Affiliate of the Auction Agent and expressly consents to any such delegation of duties by the Auction Agent to such Affiliate and the performance of such delegated duties by such Affiliate. The exculpatory provisions pursuant to this Agreement shall apply to each Affiliate of the Auction Agent and their respective activities in connection with any Discounted Term Loan Prepayment provided for in this Section 2.11(a)(ii) as well as activities of the Auction Agent. (J) Holdings, the Borrower or any of their respective Subsidiaries shall have the right, by written notice to the Auction Agent, to revoke in full (but not in part) its offer to make a Discounted Term Loan Prepayment and rescind the applicable Specified Discount Prepayment Notice, Discount Range Prepayment Notice or Solicited Discounted Prepayment Notice therefor at its discretion at any time on or prior to the applicable Specified Discount Prepayment Response Date, Discount Range Prepayment Response Date or Solicited Discounted Prepayment Response Date, as applicable (and if such offer is revoked pursuant to the preceding clauses, any failure by the Borrower to make any prepayment to a Term Lender, as applicable, pursuant to this Section 2.11(a)(ii) shall not constitute a Default or Event of Default under Section 7.01 or otherwise). (b) In the event and on each occasion that the aggregate Revolving Exposures of any Class exceed the aggregate Revolving Commitments of such Class, the Borrower shall prepay Revolving Borrowings or Swingline Loans of such Class (or, if no such Borrowings are outstanding, deposit cash collateral in an account with a depositary bank that is a Lender reasonably satisfactory to the First Lien Collateral Agent pursuant to Section 2.05(j)) in an aggregate amount necessary to eliminate such excess. (c) In the event and on each occasion that any Net Proceeds are received by or on behalf of the Holdings or its Restricted Subsidiaries in respect of any Prepayment Event described in clause (a) of the definition thereof, the Borrower shall, within five (5) Business Days after such Net Proceeds are received (or, in the case of a Prepayment Event described in clause (b) of the definition of “Prepayment Event,” on the date of such Prepayment Event), prepay Term Borrowings in an aggregate amount equal to 100% of the amount of such Net Proceeds; provided that, in the case of any event described in clause (a) of the definition of the term “Prepayment Event”, if the Holdings or any of the Restricted Subsidiaries invest (or commit to invest) the Net Proceeds from such event (or a portion thereof) within 12 months after receipt of such Net Proceeds in the business of theHoldings, Borrower and the other Subsidiaries (including any acquisitions permitted under Section 6.04), then no prepayment shall be required pursuant to this paragraph in respect of such Net Proceeds in respect of such event (or the applicable portion of such Net


-90- Proceeds, if applicable) except to the extent of any such Net Proceeds therefrom that have not been so invested (or committed to be invested) by the end of such 12-month period (or if committed to be so invested within such 12- month period, have not been so invested within 18 months after receipt thereof), at which time a prepayment shall be required in an amount equal to such Net Proceeds that have not been so invested (or committed to be invested); provided further that the Borrower may use a portion of such Net Proceeds to prepay or repurchase any other Indebtedness that is secured by the Collateral on a pari passu basis with the Secured Obligations to the extent such other Indebtedness and the Liens securing the same are permitted hereunder and the documentation governing such other Indebtedness requires such a prepayment or repurchase thereof with the proceeds of such Prepayment Event, in each case in an amount not to exceed the product of (x) the amount of such Net Proceeds and (y) a fraction, the numerator of which is the outstanding principal amount of such other Indebtedness and the denominator of which is the aggregate outstanding principal amount of Term Loans and such other Indebtedness. (d) Following the end of each fiscal year of the Borrower, commencing with the fiscal year ending December 31, 2023, the Borrower shall prepay Term Borrowings in an aggregate amount equal to the ECF Percentage of Excess Cash Flow for such fiscal year; provided that such amount shall, at the option of the Borrower, be reduced on a dollar-for-dollar basis for such fiscal year by: (i) the aggregate amount of prepayments and repurchases of (A) Term Loans (and, to the extent the Revolving Commitments are reduced in a corresponding amount pursuant to Section 2.08, Revolving Loans) made pursuant to Section 2.11(a) or otherwise in a manner permitted by Section 9.04(f) during such fiscal year or after such fiscal year and on or prior to the time such prepayment is due (without duplication to subsequent years) as provided below (provided that such reduction as a result of prepayments pursuant to clause (ii) thereof shall (x) be limited to the actual amount of such cash prepayment and (y) only be applicable if the applicable prepayment offer was made to all Lenders) and (B) other Consolidated Senior Secured First Lien Net Indebtedness (provided that in the case of the prepayment of any revolving commitments, there is a corresponding reduction in commitments) (excluding all such prepayments funded with the proceeds of other Indebtedness (other than the Revolving Loans) or the issuance of Equity Interests). Each prepayment pursuant to this paragraph shall be made on or before the date that is ten (10) days after the date on which financial statements are required to be delivered pursuant to Section 5.01 with respect to the fiscal year for which Excess Cash Flow is being calculated; (ii) without duplication of amounts deducted pursuant to clause (v) below in prior fiscal years, the amount of capital expenditures made in cash or accrued during such fiscal year or after such fiscal year and on or prior to the 90th day after the end of such fiscal year, except to the extent that such capital expenditures were financed with the proceeds of long-term Indebtedness of the Borrower or the Restricted Subsidiaries (other than the Revolving Loans); (iii) without duplication of amounts deducted pursuant to clause (v) below in prior fiscal years, the amount of Investments (other than Investments in Permitted Investments) and acquisitions permitted by this Agreement and made during such fiscal year or after such fiscal year and on or prior to the 90th day after the end of such fiscal year, except to the extent that such Investments and acquisitions were financed with the proceeds of long- term Indebtedness of the Borrower or the Restricted Subsidiaries (other than the Revolving Loans); (iv) without duplication of amounts deducted pursuant to clause (v) below in prior fiscal years, the amount of dividends and other Restricted Payments (including the amount of Tax Distributions made by the Borrower to the extent not deducted in arriving at Consolidated Net Income) paid in cash during such period or after such fiscal year and on or prior to the 90th day after the end of such fiscal year, except to the extent that such dividends and Restricted Payments were financed with the proceeds of long-term Indebtedness of the Borrower or the Restricted Subsidiaries (other than the Revolving Loans); and (v) without duplication of amounts deducted in prior periods, (A) the aggregate consideration required to be paid in cash by the Holdings or any of the Restricted Subsidiaries pursuant to binding contracts, commitments, letters of intent or purchase orders (the “Contract Consideration”), in each case, entered into prior to or during such fiscal year and (B) to the extent set forth in a certificate of a Financial Officer delivered to the First Lien Administrative Agent at or before the time the Compliance Certificate for such fiscal year is required to be delivered pursuant to Section 5.01(d), the aggregate amount of cash that is reasonably expected to be paid in respect of planned cash expenditures by the Holdings or any of the Restricted Subsidiaries (the “Planned Expenditures”), in the case of


-91- each of clauses (A) and (B), relating to Permitted Acquisitions, other Investments (other than Investments in Permitted Investments), capital expenditures (including Capitalized Software Expenditures or other purchases of Intellectual Property) or Restricted Payments to be consummated or made during the immediately subsequent fiscal year; provided, that to the extent the aggregate amount of cash actually utilized to finance such Permitted Acquisitions, Investments, capital expenditures or Restricted Payments during such subsequent fiscal year (excluding any cash from the proceeds of long-term Indebtedness of the Borrower or the Restricted Subsidiaries (other than the Revolving Loans)) is less than the Contract Consideration and Planned Expenditures, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the end of such subsequent fiscal year. Holdings or any Restricted Subsidiary, as the case may be, may elect to invest in Holdings and its Subsidiaries prior to receiving the Net Proceeds attributable to any given Disposition (provided that such investment shall be made no earlier than earliest of notice to the First Lien Administrative Agent, execution of the definitive agreement for the Disposition that generated such Net Proceeds and consummation of such Disposition) and deem the amount so invested to be applied pursuant to and in accordance with clause (b) above with respect to such Disposition. (e) Prior to any optional prepayment of Borrowings pursuant to Section 2.11(a)(i), the Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (f) of this Section 2.11. In the event of any optional prepayment of Revolving Borrowings, the Borrower shall select Revolving Borrowings to be prepaid so that the aggregate amount of such prepayment is allocated between Revolving Borrowings (and, to the extent provided in the Refinancing Amendment for any Class of Other Revolving Loans, the Borrowings of such Class) pro rata based on the aggregate principal amount of outstanding Borrowings of each such Class. In the event of any mandatory prepayment of Term Borrowings made at a time when Term Borrowings of more than one Class remain outstanding, the Borrower shall select Term Borrowings to be prepaid so that the aggregate amount of such prepayment is allocated between Term Borrowings (and, to the extent provided in the Refinancing Amendment for any Class of Other First Lien Term Loans, the Borrowings of such Class) pro rata based on the aggregate principal amount of outstanding Borrowings of each such Class; provided that any Term Lender (and, to the extent provided in the Refinancing Amendment or Loan Modification Agreement for any Class of Other Term Loans, any Lender that holds Other Term Loans of such Class) may elect, by notice to the First Lien Administrative Agent by telephone (confirmed by facsimile) at least two (2) Business Days prior to the prepayment date, to decline all or any portion of any prepayment of its Term Loans or Other Term Loans of any such Class pursuant to this Section 2.11 (other than an optional prepayment pursuant to paragraph (a)(i) of this Section or a mandatory prepayment as a result of the Prepayment Event set forth in clause (b) of the definition thereof, which may not be declined), in which case the aggregate amount of the prepayment that would have been applied to prepay Term Loans or Other Term Loans of any such Class but was so declined (and not used pursuant to the immediately following sentence) shall, subject to any requirement to repay Second Lien Notes under the Second Lien Debt Documents, be retained by the Borrower (such amounts, “Retained Declined Proceeds”). An amount equal to any portion of a mandatory prepayment of Term Borrowings that is declined by the Lenders under this Section 2.11(e) may, to the extent permitted hereunder or under the documentation governing the Permitted Second Priority Refinancing Debt or First Lien Pari Passu Intercreditor Agreement (if applicable), be applied by the Borrower to prepay the Second Lien Facilities (and Permitted Refinancings thereof) pursuant to the Second Lien Debt Documents to the extent then outstanding and/or (at the Borrower’s election) Permitted Second Priority Refinancing Debt. Optional prepayments of Term Borrowings shall be allocated among the Classes of Term Borrowings as directed by the Borrower. In the absence of a designation by the Borrower as described in the preceding provisions of this paragraph of the Type of Borrowing of any Class, the First Lien Administrative Agent shall make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.16 and shall be applied in direct order of maturity; provided that, in connection with any mandatory prepayments by the Borrower of the Term Loans pursuant to Section 2.11(c) or (d), such prepayments shall be applied on a pro rata basis to the then outstanding Term Loans being prepaid irrespective of whether such outstanding Term Loans are ABR Loans or Term Benchmark Loans. (f) The Borrower shall notify the First Lien Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) of any prepayment hereunder by telephone (to be confirmed in writing) or by hand delivery, facsimile or other electronic transmission (i) in the case of prepayment of a Term Benchmark Borrowing or RFR Borrowing, not later than 11:00 a.m., New York City time (or London, England time in the case of Loans denominated in an Alternative Currency (other than Canadian Dollars)), three (3) Business Days before the date of prepayment (or, in the sole discretion of the First Lien Administrative Agent, one (1) Business Day)


-92- or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that a notice of optional prepayment may state that such notice is conditional upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness or the occurrence of some other identifiable and specified event or condition, in which case such notice of prepayment may be revoked by the Borrower (by notice to the First Lien Administrative Agent on or prior to the specified date of prepayment) if such condition is not satisfied. Promptly following receipt of any such notice (other than a notice relating solely to Swingline Loans), the First Lien Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13, and subject to Section 2.11(a)(i), shall be without premium or penalty. At the Borrower’s election in connection with any prepayment pursuant to this Section 2.11, such prepayment shall not be applied to any Revolving Loan or Term Loan of a Defaulting Lender (under any of subclauses (a), (b) or (c) of the definition of “Defaulting Lender”) and shall be allocated ratably among the relevant non-Defaulting Lenders. (g) Notwithstanding any other provisions of Section 2.11(c) or (d), (A) to the extent that any of or all the Net Proceeds of any Prepayment Event by or Excess Cash Flow of a Subsidiary of the Borrower that is organized under the laws of a jurisdiction other than the United States, any state, commonwealth or territory thereof or the District of Columbia, giving rise to a prepayment pursuant to Section 2.11(c) or (d) (a “Restricted Prepayment Event”) are prohibited or delayed by applicable local law from being repatriated to the Borrower, the portion of such Net Proceeds or Excess Cash Flow so affected will not be required to be taken into account in determining the amount to be applied to repay Term Loans at the times provided in Section 2.11(c) or (d), as the case may be, and such amounts may be retained by such Subsidiary so long, but only so long, as the Borrower determined in good faith that the applicable local law will not permit repatriation to the Borrower, and once the Borrower has determined in good faith that such repatriation of any of such affected Net Proceeds or Excess Cash Flow is permitted under the applicable local law, such repatriation will be effected as soon as practicable and such repatriated Net Proceeds or Excess Cash Flow will be taken into account in determining the amount to be applied (net of additional taxes payable or reserved if such amounts were repatriated) to the repayment of the Term Loans pursuant to Section 2.11(c) or (d), as applicable, (B) to the extent that and for so long as the Borrower has determined in good faith that repatriation of any of or all the Net Proceeds of any Restricted Prepayment Event or Excess Cash Flow would have a material adverse tax or cost consequence with respect to such Net Proceeds or Excess Cash Flow, the Net Proceeds or Excess Cash Flow so affected will not be required to be taken into account in determining the amount to be applied to repay Term Loans at the times provided in Section 2.11(c) or Section 2.11(d), as the case may be, and such amounts may be retained by such Subsidiary; provided that when the Borrower determines in good faith that repatriation of any of or all the Net Proceeds of any Restricted Prepayment Event or Excess Cash Flow would no longer have a material adverse tax consequence with respect to such Net Proceeds or Excess Cash Flow, such Net Proceeds or Excess Cash Flow shall be taken into account in determining the amount to be applied (net of additional taxes payable or reserved against as a result thereof) to the repayment of the Term Loans pursuant to Section 2.11(c) or Section 2.11(d), as applicable, and (C) to the extent that and for so long as the Borrower has determined in good faith that repatriation of any of or all the Net Proceeds of any Restricted Prepayment Event or Excess Cash Flow would give rise to a risk of liability for the directors of such Subsidiary, the Net Proceeds or Excess Cash Flow so affected will not be required to be taken into account in determining the amount to be applied to repay Term Loans at the times provided in Section 2.11(c) or Section 2.11(d), as the case may be, and such amounts may be retained by such Subsidiary. SECTION 2.12 Fees. (a) The Borrower agrees to pay to the First Lien Administrative Agent in Dollars for the account of each Revolving Lender a commitment fee, which shall accrue at the rate of the Commitment Fee Percentage per annum on the average daily unused amount of the Revolving Commitment of such Lender during the period from and including the Effective Date to but excluding the date on which the Revolving Commitments terminate (the “Revolving Commitment Fee”). Accrued Revolving Commitment Fees shall be payable in arrears on the third Business Day following the last day of March, June, September and December of each year and on the date on which


-93- the Revolving Commitments terminate, commencing on the first such date to occur after the Effective Date. The Revolving Commitment Fee shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing the Revolving Commitment Fee, a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose). (b) The Borrower agrees to pay (i) to the First Lien Administrative Agent in Dollars for the account of each Revolving Lender (other than any Defaulting Lender) a participation fee with respect to its participations in Letters of Credit, which shall accrue at the Applicable Rate used to determine the interest rate applicable to Term Benchmark Revolving Loans on the daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements but taking into account the maximum amount available to be drawn under all outstanding Letters of Credit, whether or not such maximum amount is then in effect) during the period from and including the Effective Date to and including the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to each Issuing Bank in Dollars a fronting fee (which fee shall be calculated by the First Lien Administrative Agent in consultation with the applicable Issuing Bank), which shall accrue at the rate to be agreed by each Issuing Bank, not to be greater than 0.125% per annum on the daily amount of the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements but taking into account the maximum amount available to be drawn under all outstanding Letters of Credit, whether or not such maximum amount is then in effect) during the period from and including the Effective Date to and including the later of the date of termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third Business Day following the last day of March, June, September and December, respectively, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). (c) Delayed Draw Incremental Commitment Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender with a Delayed Draw Incremental Commitment, a commitment fee equal to the Commitment Fee Percentage per annum on the average daily unused amount of the Delayed Draw Incremental Commitment of such Lender during the period from and including the Second Incremental Amendment Effective Date to but excluding the date on which the Delayed Draw Incremental Commitment terminates (the “Delayed Draw Incremental Commitment Fee”). The Delayed Draw Incremental Commitment Fee shall accrue at all times from the Second Incremental Amendment Effective Date until the Delayed Draw Incremental Commitment Termination Date, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the last Business Day of the first full fiscal quarter to end following the Second Incremental Amendment Effective Date, and on the Delayed Draw Incremental Commitment Termination Date. The Delayed Draw Incremental Commitment Fee shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). (d) The Borrower agrees to pay to the First Lien Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the First Lien Administrative Agent. (e) Notwithstanding the foregoing, and subject to Section 2.22, the Borrower shall not be obligated to pay any amounts to any Defaulting Lender pursuant to this Section 2.12.


-94- SECTION 2.13 Interest. (a) The Loans comprising each ABR Borrowing (including each Swingline Loan) denominated in Dollars or Canadian Dollars shall bear interest at the Alternate Base Rate or Canadian Base Rate, respectively, plus the Applicable Rate. (b) The Loans comprising each Term Benchmark Borrowing denominated in (i) Dollars shall bear interest at Adjusted Term SOFR, (ii) Canadian Dollars shall bear interest at the Adjusted BA RateTerm CORRA or (iii) Euros shall bear interest at Adjusted EURIBOR, in each case for the Interest Period in effect for such Borrowing plus the Applicable Rate. The Loans comprising each RFR Borrowing shall bear interest at the Daily Simple RFR plus the Applicable Rate. (c) Notwithstanding the foregoing, if upon the occurrence and during the continuance of any Event of Default under paragraph (a), (b), (h) or (i) of Section 7.01 any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when due (or, in the case of any RFR Interest Payment the later of (i) the date when the same was due and (ii) the date falling three RFR Business Days after the date on which the First Lien Administrative Agent notified the relevant Borrower of the amount of that RFR Interest Payment in accordance with this Agreement), whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2.00% per annum plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section 2.13 or (ii) in the case of any other amount, 2.00% per annum plus the rate applicable to ABR Revolving Loans as provided in paragraph (a) of this Section 2.13; provided that no amount shall be payable pursuant to this Section 2.13(c) to a Defaulting Lender so long as such Lender shall be a Defaulting Lender; provided, further that no amounts shall accrue pursuant to this Section 2.13(c) on any overdue amount, reimbursement obligation in respect of any LC Disbursement or other amount payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender. (d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans, upon termination of the Revolving Commitments, provided that (i) interest accrued pursuant to paragraph (c) of this Section 2.13 shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior to the end of the Revolving Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Term Benchmark Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate Base Rate, the Canadian Base Rate, Daily Simple RFR, the Term CORRA or the BA RateDaily Compounded CORRA shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Canadian Base Rate, Adjusted Term SOFR, Adjusted BA RateTerm CORRA, Daily Simple RFR or Adjusted EURIBOR shall be determined by the First Lien Administrative Agent, and such determination shall be conclusive absent manifest error. (f) The First Lien Administrative Agent shall promptly upon the amount of any RFR Interest Payment becoming determinable notify: (i) (such notification to be made no later than three applicable RFR Business Days prior to the due date for such RFR Interest Payment) the relevant Borrower of the amount of that RFR Interest Payment; (ii) each relevant Lender of the proportion of that RFR Interest Payment which relates to that Lender’s participation in the relevant RFR Loan; and (iii) the relevant Lenders and the relevant Borrower of each applicable rate of interest and the amount of interest for each day relating to the determination of that RFR Interest Payment (including a breakdown of such rate


-95- and amount of interest as between the Applicable Rate and the Daily Simple RFR for such date and any other information that the relevant Borrower may reasonably request in relation to the calculation of such rate and amount or the determination of that RFR Interest Payment). (g) In connection with the use or administration of Term SOFR or Term CORRA, the First Lien Administrative Agent, in consultation with the Borrower, will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other First Lien Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other First Lien Loan Document. The First Lien Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR or Term CORRA. SECTION 2.14 Alternate Rate of Interest. Notwithstanding anything to the contrary herein or in any other First Lien Loan Document (and any Swap Agreement shall be deemed not to be a “First Lien Loan Document” for purposes of this Section): (a) if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (a) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any First Lien Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other First Lien Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any First Lien Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other First Lien Loan Document so long as the First Lien Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis. (b) In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the First Lien Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other First Lien Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other First Lien Loan Document. (c) The First Lien Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement. The First Lien Administrative Agent will notify the Borrower of (x) the removal or reinstatement of any tenor of a Benchmark pursuant to Section 2.14(d) and (y) the commencement of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the First Lien Administrative Agent pursuant to this Section 2.14, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its sole discretion and without consent from any other party to this Agreement or any other First Lien Loan Document, except, in each case, as expressly required pursuant to this Section 2.14. (d) Notwithstanding anything to the contrary herein or in any other First Lien Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR Reference Rate, EURIBOR, the BATerm CORRA Reference Rate or Daily Simple RFR) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the First Lien Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement


-96- or publication of information announcing that any tenor for such Benchmark is not or will not be representative, then the First Lien Administrative Agent, in consultation with the Borrower, may modify the definition of “Interest Period” (or any similar or analogous definition) for any Benchmark settings at or after such time to remove such unavailable or non-representative and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is not or will not be representative for a Benchmark (including a Benchmark Replacement), then the First Lien Administrative Agent, in consultation with the Borrower, may modify the definition of “Interest Period” (or any similar or analogous definition) for all Benchmark settings at or after such time to reinstate such previously removed tenor. (e) Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a given Benchmark, (i) the Borrower may revoke any pending request for a Term Benchmark Borrowing or RFR Borrowing of, conversion to or continuation of Term Benchmark Loans or RFR Loans, to be made, converted or continued during any Benchmark Unavailability Period denominated in the applicable Currency and, failing that, (A) in the case of any request for any affected SOFR Borrowing, if applicable, the Borrower will be deemed to have converted any such request into a request for an ABR Borrowing or conversion to ABR Loans in the amount specified therein and (B) in the case of any request for any affected Term Benchmark Borrowing or RFR Borrowing in an Alternative Currency, if applicable, then such request shall be ineffective and (ii)(A) any outstanding affected SOFR Loans, if applicable, will be deemed to have been converted into ABR Loans at the end of the applicable Interest Period and (B) any outstanding affected Term Benchmark Loans or RFR Loans denominated in an Alternative Currency, at the Borrower’s election, shall either (I) be converted into ABR Loans denominated in Dollars (in an amount equal to the Dollar Equivalent of such Alternative Currency) at the end of the applicable Interest Period or (II) be prepaid in full at the end of the applicable Interest Period; provided that, with respect to any RFR Loan, if no election is made by the Borrower by the date that is three Business Days after receipt by the Borrower of such notice, the Borrower shall be deemed to have elected clause (I) above; provided, further that, with respect to any Term Benchmark Loan, if no election is made by the Borrower by the earlier of (x) the date that is three Business Days after receipt by the Borrower of such notice and (y) the last day of the current Interest Period for the applicable Term Benchmark Loan, the Borrower shall be deemed to have elected clause (I) above. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to Section 2.16. During a Benchmark Unavailability Period with respect to any Benchmark or at any time that a tenor for any then-current Benchmark is not an Available Tenor, the component of the Alternate Base Rate based upon the then-current Benchmark that is the subject of such Benchmark Unavailability Period or such tenor for such Benchmark, as applicable, will not be used in any determination of the Alternate Base Rate. SECTION 2.15 Increased Costs. (a) If any Change in Law shall: (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or any Issuing Bank (except any such reserve requirement reflected in Adjusted Term SOFR, the Adjusted BA RateTerm CORRA, Adjusted EURIBOR or Daily Simple RFR, as applicable); or (ii) impose on any Lender or any Issuing Bank, any other condition, cost or expense (other than Taxes) affecting this Agreement or Term Benchmark Loans or RFR Loans made by such Lender or any Letter of Credit or participation therein; and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Term Benchmark Loan or RFR Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or issue any Letter of Credit) or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise), then, from time to time upon request of such Lender or Issuing Bank, the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank, as the case may be, for such increased costs actually incurred or reduction actually suffered.


-97- (b) If any Lender or Issuing Bank determines that any Change in Law regarding capital requirements has the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to capital adequacy), then, from time to time upon request of such Lender or Issuing Bank, the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company for any such reduction actually suffered. (c) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its holding company in reasonable detail, as the case may be, as specified in paragraph (a) or (b) of this Section 2.15 delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within 15 days after receipt thereof. (d) Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section 2.15 shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or Issuing Bank pursuant to this Section 2.15 for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender or Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. (e) Notwithstanding any other provision of this Section, no Lender or Issuing Bank shall demand compensation for any increased cost or reduction pursuant to this Section 2.15 if (i) it shall not at the time be the general policy or practice of such Lender or Issuing Bank to demand such compensation in similar circumstances under comparable provisions of other credit agreements and (ii) such increased cost or reduction is due to market disruption, unless such circumstances generally affect the banking market and when the Required Lenders have made such a request. SECTION 2.16 Break Funding Payments. In the event of (a) the payment of any principal of any (i) Term Benchmark Loan other than on the last day of an Interest Period applicable thereto or (ii) RFR Loan other than on the Interest Payment Date applicable thereto, in either case, including as a result of an Event of Default), (b) the conversion of any (i) Term Benchmark Loan other than on the last day of the Interest Period applicable thereto or (ii) RFR Loan other than on the Interest Payment Date applicable thereto, (c) the failure to borrow, convert, continue or prepay any Revolving Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.11(f) and is revoked in accordance therewith) or (d) the assignment of any (i) Term Benchmark Loan other than on the last day of the Interest Period applicable thereto or (ii) RFR Loan other than on the Interest Payment Date applicable thereto, in each case, as a result of a request by the Borrower pursuant to Section 2.19 or Section 9.02(c), then, in any such event, the Borrower shall, after receipt of a written request by any Lender affected by any such event (which request shall set forth in reasonable detail the basis for requesting such amount), compensate each Lender for the loss, cost and expense (excluding loss of profit) actually incurred by it as a result of such event. For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 2.16, each Lender shall be deemed to have funded each Term Benchmark Loan or RFR Loan made by it at Adjusted Term SOFR, the Adjusted BA RateTerm CORRA, Daily Simple RFR or Adjusted EURIBOR, as applicable, for such Loan by a matching deposit or other borrowing in the applicable interbank market or Canadian money market, as applicable, for a comparable amount and for a comparable period, whether or not such Term Benchmark Loan or RFR Loan was in fact so funded. A certificate of any Lender setting forth in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.16 and the reasons therefor delivered to the Borrower shall be prima facie evidence of such amounts. The Borrower shall pay such Lender the amount shown as due on any such certificate within 15 days after receipt of such demand. Notwithstanding the foregoing, this Section 2.16 will not apply to losses, costs or


-98- expenses resulting from Taxes, as to which Section 2.17 shall govern. Notwithstanding the foregoing, no Lender shall demand compensation pursuant to this Section 2.16 if it shall not at the time be the general policy or practice of such Lender to demand such compensation in similar circumstances under comparable provisions of other credit agreements. SECTION 2.17 Taxes. (a) Any and all payments by or on account of any obligation of any Loan Party under any First Lien Loan Document shall be made free and clear of and without deduction for any Taxes, except as required by applicable Requirements of Law. If the applicable withholding agent (including, for the avoidance of doubt, the First Lien Administrative Agent or any Loan Party) shall be required by applicable Requirements of Law (as determined in the good faith discretion of the applicable withholding agent) to deduct any Taxes from such payments, then the applicable withholding agent shall make such withholding or deductions and shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with applicable Requirements of Law, and if such Taxes are Indemnified Taxes or Other Taxes, then the amount payable by the applicable Loan Party shall be increased as necessary so that after all such required deductions have been made (including such withholding or deductions applicable to additional amounts payable under this Section 2.17), each Lender (or, in the case of a payment made to the First Lien Administrative Agent for its own account, the First Lien Administrative Agent) receives an amount equal to the sum it would have received had no such withholding or deductions been made. (b) Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Requirements of Law, or at the option of the First Lien Administrative Agent timely reimburse it for the payment of, any Other Taxes. (c) The Borrower shall indemnify the First Lien Administrative Agent and each Lender within 30 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the First Lien Administrative Agent or such Lender as the case may be, on or with respect to any payment by or on account of any obligation of any Loan Party under any First Lien Loan Document and any Other Taxes paid by the First Lien Administrative Agent or such Lender, as the case may be (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.17) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate setting forth in reasonable detail the basis and calculation of the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the First Lien Administrative Agent), or by the First Lien Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. (d) To the extent required by any applicable Requirements of Law (as determined in good faith by the First Lien Administrative Agent), the First Lien Administrative Agent may deduct or withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority of the United States or other jurisdiction asserts a claim that the First Lien Administrative Agent did not properly withhold Tax from amounts paid to or for the account of any Lender for any reason (including because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the First Lien Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding Tax ineffective), such Lender shall indemnify and hold harmless the First Lien Administrative Agent (to the extent that the First Lien Administrative Agent has not already been reimbursed by the Loan Parties pursuant to Section 2.17(c) and without limiting any obligation of the Loan Parties to do so pursuant to such Section) fully for all amounts paid, directly or indirectly, by the First Lien Administrative Agent as Taxes or otherwise, together with all expenses incurred, including legal expenses, and any other out-of-pocket expenses, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the First Lien Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the First Lien Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other First Lien Loan Document against any amount due to the First Lien Administrative Agent under this Section 2.17(d). The agreements in this Section 2.17(d) shall survive the resignation and/or replacement of the First Lien Administrative Agent, any assignment of rights by, or the replacement of, a Lender, any assignment of rights by a Loan Party, the


-99- termination of this Agreement and the repayment, satisfaction or discharge of all other obligations under any First Lien Loan Document. (e) As soon as practicable after any payment of any Taxes by a Loan Party to a Governmental Authority pursuant to this Section, the Borrower shall deliver to the First Lien Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the First Lien Administrative Agent. (f) (1) Each Lender shall, at such times as are reasonably requested by Borrower or the First Lien Administrative Agent, provide the Borrower and the First Lien Administrative Agent with any properly completed and executed documentation prescribed by any Requirement of Law, or reasonably requested by the Borrower or the First Lien Administrative Agent, certifying as to any entitlement of such Lender to an exemption from, or reduction in, any withholding Tax with respect to any payments to be made to such Lender under the First Lien Loan Documents. In addition, any Lender, if reasonably requested by the Borrower or the First Lien Administrative Agent, shall deliver such other documentation prescribed by any Requirement of Law or reasonably requested by the Borrower or the First Lien Administrative Agent as will enable the Borrower or the First Lien Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Each such Lender shall, whenever a lapse in time or change in circumstances renders any such documentation expired, obsolete or inaccurate in any respect (including any specific documentation required below in this Section 2.17(f)), deliver promptly to the Borrower and the First Lien Administrative Agent updated or other appropriate documentation (including any new documentation reasonably requested by the applicable withholding agent) or promptly notify the Borrower and the First Lien Administrative Agent in writing of its legal ineligibility to do so. Unless the applicable withholding agent has received forms or other documents satisfactory to it indicating that payments under any First Lien Loan Document to or for a Lender are not subject to withholding Tax or are subject to Tax at a rate reduced by an applicable Tax treaty, the Borrower, the First Lien Administrative Agent or other applicable withholding agent shall withhold amounts required to be withheld by applicable law from such payments at the applicable statutory rate. (2) Without limiting the generality of the foregoing: (i) Each Lender that is a United States person (as defined in Section 7701(a)(30) of the Code) shall deliver to the Borrower and the First Lien Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the First Lien Administrative Agent) two properly completed and duly signed copies of Internal Revenue Service Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding Tax. (ii) Each Foreign Lender shall deliver to the Borrower and the First Lien Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the First Lien Administrative Agent) whichever of the following is applicable: (A) two properly completed and duly signed copies of Internal Revenue Service Form W-8BEN-E (or any successor forms) claiming eligibility for benefits of an income Tax treaty to which the United States of America is a party, (B) two properly completed and duly signed copies of Internal Revenue Service Form W-8ECI (or any successor forms), (C) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or Section 881(c) of the Code, (x) two properly completed and duly signed certificates, substantially in the form of Exhibit N (any such certificate a “United States Tax Compliance Certificate”), and (y) two properly completed and duly signed copies of Internal Revenue Service Form W-8BEN-E (or any successor forms),


-100- (D) to the extent a Foreign Lender is not the beneficial owner (for example, where the Lender is a partnership or a participating Lender), two properly completed and duly signed copies of Internal Revenue Service Form W-8IMY (or any successor forms) of the Foreign Lender, accompanied by a Form W-8ECI, W-8BEN-E, United States Tax Compliance Certificate, Form W- 9, Form W-8IMY (or other successor forms) and/or any other required information from each beneficial owner that would be required under this Section 2.17 if such beneficial owner were a Lender, as applicable (provided that, if the Lender is a partnership (and not a participating Lender) and one or more direct or indirect partners are claiming the portfolio interest exemption, the United States Tax Compliance Certificate may be provided by such Lender on behalf of such direct or indirect partner(s)), or (E) two properly completed and duly signed copies of any other form prescribed by applicable Requirements of Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax duly completed together with such supplementary documentation as may be prescribed by applicable Requirements of Law to permit the Borrower and the First Lien Administrative Agent to determine the withholding or deduction required to be made. (iii) If a payment made to any Lender or other recipient under any First Lien Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such recipient were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such recipient shall deliver to the Borrower and the First Lien Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the First Lien Administrative Agent such documentation prescribed by applicable Requirements of Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the First Lien Administrative Agent as may be necessary for the Borrower and the First Lien Administrative Agent to comply with their obligations under FATCA and to determine whether such recipient has or has not complied with such recipient’s obligations under FATCA and, if necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (iii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. (3) Notwithstanding any other provision of this clause (f), a Lender shall not be required to deliver any form or certification that such Lender is not legally eligible to deliver (other than such documentation set forth in clauses (f)(i), (ii) and (iii)). (4) Each Lender hereby authorizes the First Lien Administrative Agent to deliver to the Loan Parties and to any successor First Lien Administrative Agent any documentation provided by such Lender to the First Lien Administrative Agent pursuant to this Section 2.17(f). (g) If the First Lien Administrative Agent or a Lender (or any other party, if applicable) receives a refund (whether received in cash or as applied as an offset against Taxes due) of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower (or any other Loan Party, if applicable) or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.17, it shall pay over an amount equal to such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.17 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of the First Lien Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower, upon the request of the First Lien Administrative Agent or such Lender, agrees promptly to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the First Lien Administrative Agent or such Lender in the event the First Lien Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. The First Lien Administrative Agent or such Lender, as the case may be, shall, at the Borrower’s request, provide the Borrower with a copy of any notice of assessment or other evidence of the requirement to repay such refund received from the relevant Governmental Authority (provided that the First Lien Administrative Agent or such Lender may delete any


-101- information therein that the First Lien Administrative Agent or such Lender deems confidential). Notwithstanding anything to the contrary, this Section 2.17(g) shall not be construed to require the First Lien Administrative Agent or any Lender to make available its Tax returns (or any other information relating to Taxes which it deems confidential) to any Loan Party or any other person. (h) The agreements in this Section 2.17 shall survive the resignation or replacement of the First Lien Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. (i) For purposes of this Section 2.17, the term “Lender” shall include any Issuing Bank and the Swingline Lender and the term “applicable Requirements of Law” includes FATCA. SECTION 2.18 Payments Generally; Pro Rata Treatment; Sharing of Setoffs. (a) The Borrower shall make each payment required to be made by it under any First Lien Loan Document (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to the time expressly required hereunder or under such other First Lien Loan Document for such payment (or, if no such time is expressly required, prior to 2:00 p.m., New York City time or, in the case of prepayment of any Borrowing in an Alternative Currency (other than Canadian Dollars), London, England time), on the date when due, in immediately available funds, without condition or deduction for any counterclaim, recoupment or setoff. Any amounts received after such time on any date may, in the discretion of the First Lien Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. Except as otherwise expressly provided herein and except with respect to principal of or interest on Loans denominated in an Alternative Currency, all such payments shall be made in Dollars to such account as may be specified by the First Lien Administrative Agent. Except as otherwise expressly provided herein and except with respect to principal of or interest on Loans denominated in Dollars, all payments by the Borrower hereunder with respect to principal of and interest on Loans denominated in Alternative Currency shall be made in such Alternative Currency to such account as may be specified by the First Lien Administrative Agent. If, for any reason, the Borrower is prohibited by any Requirements of Law from making any required payment hereunder in an Alternative Currency, the Borrower shall make such payment in Dollars in the Dollar Amount of the Alternative Currency payment amount (it being agreed that, for purposes of this sentence, the Dollar Amount shall be the amount that any Lender notifies to the First Lien Administrative Agent as the amount, as determined by such Lender in good faith, such Lender requires to purchase the Alternative Currency payment amount). Payments to be made directly to any Issuing Bank or the Swingline Lender shall be made as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto and payments pursuant to other First Lien Loan Documents shall be made to the Persons specified therein. The First Lien Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Except as otherwise provided herein, if any payment under any First Lien Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day. Except as otherwise provided herein, if any payment on a Term Benchmark Loan or RFR Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate for the period of such extension. (b) If at any time insufficient funds are received by and available to the First Lien Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. (c) If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Revolving Loans, Term Loans or participations in LC


-102- Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans, Term Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans, Term Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans, Term Loans and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest and (ii) the provisions of this paragraph shall not be construed to apply to (A) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (B) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements or Swingline Loans to any assignee or participant or (C) any disproportionate payment obtained by a Lender of any Class as a result of the extension by Lenders of the maturity date or expiration date of some but not all Loans or Revolving Commitments of that Class or any increase in the Applicable Rate in respect of Loans of Lenders that have consented to any such extension. The Borrower consents to the foregoing and agree, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower’s rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. (d) Unless the First Lien Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the First Lien Administrative Agent for the account of the Lenders or the Issuing Banks hereunder that the Borrower will not make such payment, the First Lien Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption and in its sole discretion, distribute to the Lenders or Issuing Banks, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or Issuing Banks, as the case may be, severally agrees to repay to the First Lien Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the First Lien Administrative Agent, at the greater of the Federal Funds Effective Rate (if denominated in Dollars or any Alternative Currency (other than Canadian Dollars)) or the BATerm CORRA Reference Rate (if denominated in Canadian Dollars) and a rate determined by the First Lien Administrative Agent in accordance with banking industry rules on interbank compensation. (e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(c), Section 2.05(e) or Section 2.05(f), Section 2.06(a) or Section 2.06(b), Section 2.18(d) or Section 9.03(c), then the First Lien Administrative Agent may, in its discretion and in the order determined by the First Lien Administrative Agent (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the First Lien Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section until all such unsatisfied obligations are fully paid and/or (ii) hold any such amounts in a segregated account as cash collateral for, and to be applied to, any future funding obligations of such Lender under any such Section. SECTION 2.19 Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.15, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 or any event gives rise to the operation of Section 2.23, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or its participation in any Letter of Credit affected by such event, or to assign and delegate its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Lender, such designation or assignment and delegation (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17 or mitigate the applicability of Section 2.23, as the case may be, and (ii) would not subject such Lender to any unreimbursed cost or expense reasonably deemed by such Lender to be material and would not be inconsistent with the internal policies of, or otherwise be disadvantageous in any material economic, legal or regulatory respect to, such Lender.


-103- (b) If (i) any Lender requests compensation under Section 2.15 or gives notice under Section 2.23, (ii) the Borrower is required to pay any additional amount to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section 2.17, (iii) any Lender is or becomes a Disqualified Lender or (iv) any Lender is a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the First Lien Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights (other than its existing rights to payments pursuant to Section 2.15 or Section 2.17) and obligations under this Agreement and the other First Lien Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment and delegation); provided that (A) the Borrower shall have received the prior written consent of the First Lien Administrative Agent to the extent such consent would be required under Section 9.04(b) for an assignment of Loans or Commitments, as applicable (and if a Revolving Commitment is being assigned and delegated, each Issuing Bank and each Swingline Lender), which consents, in each case, shall not unreasonably be withheld or delayed, (B) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and unreimbursed participations in LC Disbursements and Swingline Loans, accrued but unpaid interest thereon, accrued but unpaid fees and all other amounts payable to it hereunder from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (C) the Borrower or such assignee shall have paid (unless waived) to the First Lien Administrative Agent the processing and recordation fee specified in Section 9.04(b)(ii) and (D) in the case of any such assignment resulting from a claim for compensation under Section 2.15, or payments required to be made pursuant to Section 2.17 or a notice given under Section 2.23, such assignment will result in a material reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise (including as a result of any action taken by such Lender under paragraph (a) above), the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the First Lien Administrative Agent and the assignee and that the Lender required to make such assignment need not be a party thereto. SECTION 2.20 Incremental Credit Extensions. (a) The Borrower may at any time or from time to time on one or more occasions after the Effective Date, by written notice delivered to the First Lien Administrative Agent, request (i) one or more additional Classes of term loans (each a “First Lien Incremental Term Facility”), (ii) one or more additional term loans of the same Class of any existing Class of term loans (each an “First Lien Incremental Term Increase”), (iii) one or more increases in the amount of the Revolving Commitments of any Class (each such increase, an “Incremental Revolving Commitment Increase”) and/or (iv) one or more additional Classes of Revolving Commitments (the “Additional/Replacement Revolving Commitments,” and, together with any First Lien Incremental Term Facility, First Lien Incremental Term Increase and the Incremental Revolving Commitment Increases, the “First Lien Incremental Facilities” and any Loans thereunder, the “Incremental Loans”); provided that, after giving effect to the effectiveness of any Incremental Facility Amendment referred to below and at the time that any such First Lien Incremental Facility is made or effected, no Event of Default shall have occurred and be continuing. Notwithstanding anything to the contrary herein, the aggregate principal amount of the First Lien Incremental Facilities that can be incurred at any time shall not exceed the Incremental Cap at such time. Each First Lien Incremental Facility shall be in a minimum principal amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof if such Incremental Facilities are denominated in Dollars (unless the Borrower and the First Lien Administrative Agent otherwise agree); provided that such amount may be less than $5,000,000 and to the extent such amount represents all the remaining availability under the aggregate principal amount of First Lien Incremental Facilities set forth above. (b) (i) The First Lien Incremental Term Facilities (a) shall (i) rank equal or junior in right of payment with the Term Loans, (ii) if secured, be secured only by the Collateral securing the Secured Obligations on a pari passu or junior basis and (iii) only be guaranteed by the Loan Parties, (b) other than with respect to the Maturity Carveout Amount, shall not mature earlier than the Latest Maturity Date (except in the case of customary bridge loans), (c) other than with respect to the Maturity Carveout Amount, shall not have a shorter Weighted Average Life to Maturity than the remaining Second Incremental Amendment Term Loans (except in the case of customary bridge loans), (d) shall have a maturity date (subject to clause (b)), an amortization schedule (subject to clause (c)), interest rates (including through fixed interest rates), “most favored nation” provisions (if any), interest margins, rate floors, upfront fees, funding discounts, original issue discounts, financial covenants (if any), prepayment terms and premiums


-104- and other terms and conditions as determined by the Borrower and the Additional Term Lenders thereunder; provided that, for any First Lien Incremental Term Facility (except with respect to Incremental Term Loan amounts that do not exceed the greater of (A) $178,000,000 and (B) 100% of Consolidated EBITDA for the most recently ended Test Period as of such date, calculated on a Pro Forma Basis) incurred that (i) consists of Term Loans that rank equal in right of payment with the Second Incremental Amendment Term Loans and Delayed Draw Incremental Term Loans and is secured by the Collateral on a pari passu basis with the Secured Obligations, (ii) is incurred prior to the date that is twelve (12) months after the Second Incremental Amendment Effective Date, (iii) has a Term Maturity Date that is prior to the date that is twelve (12) months after the Maturity Date of the Second Incremental Amendment Term Loans and the Delayed Draw Incremental Term Loans and (iv) is denominated in U.S. Dollars, in the event that the Effective Yield for any such First Lien Incremental Term Facility is greater than the Effective Yield for the Second Incremental Amendment Term Loans and the Delayed Draw Incremental Term Loans by more than 0.50% per annum, then the Effective Yield for the Second Incremental Amendment Term Loans and the Delayed Draw Incremental Term Loans shall be increased to the extent necessary so that the Effective Yield for the Second Incremental Amendment Term Loans and the Delayed Draw Incremental Term Loans is equal to the Effective Yield for such First Lien Incremental Term Facility minus 0.50% per annum (provided that the “floor” applicable to the outstanding Second Incremental Amendment Term Loans and the Delayed Draw Incremental Term Loans shall be increased to an amount not to exceed the “floor” applicable to such First Lien Incremental Term Facility prior to any increase in the Applicable Rate applicable to such Second Incremental Amendment Term Loans and Delayed Draw Incremental Term Loans then outstanding) (this proviso, the “First Lien MFN Protection”), and (e) may otherwise have terms and conditions different from those of the Term Loans (including currency denomination); provided that (x) to the extent the terms and documentation with respect to such First Lien Incremental Term Loans are not consistent with the existing Term Loans (except with respect to matters contemplated by clauses (b), (c) and (d) above), the covenants, events of default and guarantees of any such First Lien Incremental Term Loans shall not be materially more restrictive to the Borrower, when taken as a whole, than the terms of the Second Incremental Amendment Term Loans unless (1) Lenders under the Second Incremental Amendment Term Loans also receive the benefit of such more restrictive terms (it being understood that, to the extent that any covenant, event of default or guarantee is added or modified for the benefit of any Incremental Term Facility, no consent shall be required from the First Lien Administrative Agent or any of the Term Lenders to the extent that such covenant, event of default or guarantee is also added or modified for the benefit of the existing Term Loans) or (2) any such provisions apply after the Term Maturity Date and (y) in no event shall it be a condition to the effectiveness of, or borrowing under, any such First Lien Incremental Term Loans that any representation or warranty of any Loan Party set forth herein be true and correct, except and solely to the extent required by the Additional Term Lenders providing such First Lien Incremental Term Loans. Any First Lien Incremental Term Increase shall be on the same terms and pursuant to the same documentation applicable to the Term Loans (except with respect to matters contemplated by clauses (b), (c) and (d) above). Any Incremental Term Facility shall be on terms and pursuant to documentation as determined by the Borrower and the Additional Term Lenders providing such Incremental Term Facility, subject to the restrictions and exceptions set forth above. (ii) The First Lien Incremental Term Increases shall be treated the same as the Class of Term Loans being increased (including with respect to maturity date thereof), shall be considered to be part of the Class of Term Loans being increased and shall be on the same terms applicable to the applicable Class of Term Loans (excluding upfront fees and customary arranger fees); provided that (i) the pricing, interest rate margins, “most favored nation” (if any) provisions and rate floors on the Class of Term Loans being increased may be increased and additional upfront or similar fees may be payable to the lenders providing the First Lien Incremental Term Increase (without any requirement to pay such fees to any existing Term Lenders) and (ii) such First Lien Incremental Term Increase shall be subject to the “most favored nation” pricing adjustment (if applicable) set forth in the proviso to Section 2.20(b)(i) as if such First Lien Incremental Term Increase was a First Lien Incremental Term Facility incurred hereunder (other than the Second Incremental Amendment Term Facility and the Delayed Draw Incremental Term Facility). (iii) The Incremental Revolving Commitment Increases shall be treated the same as the Class of Revolving Commitments being increased (including with respect to maturity date thereof), shall be considered to be part of the Class of Revolving Loans being increased and shall be on the same terms applicable to the Revolving Loans (excluding upfront fees and customary arranger fees); provided that if the pricing, interest rate margins, “most favored nation” (if any) provisions, rate floors and undrawn commitment fees on the Class of Revolving Commitments being increased may be increased and additional upfront or similar fees may be payable to the lenders providing the Incremental


-105- Revolving Commitment Increase (without any requirement to pay such fees to any existing Revolving Lenders)). (iv) The Additional/Replacement Revolving Commitments (a) shall (i) rank equal or junior in right of payment with the Revolving Loans, (ii) if secured, be secured only by the Collateral securing the Secured Obligations on a pari passu or junior basis and (iii) only be guaranteed by the Loan Parties, (b) shall not mature earlier than the Revolving Maturity Date (except in the case of customary bridge loans) and shall require no scheduled amortization or mandatory commitment reduction prior to the Revolving Maturity Date, (c) shall have interest rates (including through fixed interest rates), interest margins, rate floors, upfront fees, undrawn commitment fees, funding discounts, original issue discounts, prepayment terms and premiums, financial covenants (if any) commitment reduction and termination terms and other terms and conditions as determined by the Borrower and the lenders of such commitments, (d) shall contain borrowing, repayment and termination of Commitment procedures as determined by the Borrower and the lenders of such commitments, (e) may include provisions relating to letters of credit, as applicable, issued thereunder, which issuances shall be on terms substantially similar (except for the overall size of such subfacilities, the fees payable in connection therewith and the identity of the letter of credit issuer, as applicable, which shall be determined by the Borrower, the lenders of such commitments and the applicable letter of credit issuers and borrowing, repayment and termination of commitment procedures with respect thereto, in each case which shall be specified in the applicable Incremental Facility Amendment) to the terms relating to the Letters of Credit with respect to the applicable Class of Revolving Commitments or otherwise reasonably acceptable to the First Lien Administrative Agent, and (f) may otherwise have terms and conditions different from those of the Revolving Commitments and the Revolving Loans made under this Agreement (including currency denomination); provided that to the extent the terms and documentation with respect to such Additional/Replacement Revolving Commitments are not consistent with the existing Revolving Commitments (except with respect to matters contemplated by clauses (b), (c), (d) and (e) above), the covenants, events of default and guarantees of any such Additional/Replacement Revolving Commitments shall not be materially more restrictive to the Borrower, when taken as a whole, than the terms of the Revolving Commitments unless (1) Lenders under Revolving Commitments also receive the benefit of such more restrictive terms (it being understood that, to the extent that any financial maintenance covenant is added for the benefit of any Additional/Replacement Revolving Commitment, no consent shall be required from the First Lien Administrative Agent or any of the Revolving Lenders to the extent that such financial maintenance covenant is also added for the benefit of the existing Revolving Commitments), (2) any such provisions apply after the Revolving Maturity Date or (3) such terms shall be reasonably satisfactory to the First Lien Administrative Agent and the Borrower. Any Additional/Replacement Revolving Commitments shall be on terms and pursuant to documentation as determined by the Borrower and the Additional/Replacement Revolving Lenders providing such Additional/Replacement Revolving Commitments, subject to the restrictions set forth above. (c) First Lien Incremental Facilities shall become Commitments and Loans, as applicable, under this Agreement pursuant to an amendment (an “Incremental Facility Amendment”) to this Agreement and, as appropriate, the other First Lien Loan Documents, executed by the Borrower, each Lender agreeing to provide such Commitment or Loan, if any, each Additional Lender, if any, and the First Lien Administrative Agent. Any Incremental Facility Amendment may provide for the issuance of Letters of Credit for the account of the Borrower, pursuant to any Incremental Revolving Commitment Increase or Additional/Replacement Revolving Commitments established thereby, in each case on terms substantially equivalent to the terms applicable to Letters of Credit under the Revolving Commitments; provided that no Issuing Bank shall be required to act as “issuing bank” and no Swingline Lender shall be required to act as “swingline lender” under any such Incremental Facility Amendment without its written consent. A First Lien Incremental Facility may be provided, subject to the prior written consent of the Borrower (not to be unreasonably withheld), by any existing Lender (it being understood that no existing Lender shall be required to participate in any First Lien Incremental Facility or, unless it agrees, be obligated to provide any First Lien Incremental Facilities) or by any Additional Lender. Any loan under a First Lien Incremental Facility shall be a “Loan” for all purposes of this Agreement and the other First Lien Loan Documents. The Incremental Facility Amendment may, subject to Section 2.20(b), without the consent of any other Lenders, effect such amendments to this Agreement and the other First Lien Loan Documents as may be necessary, in the reasonable opinion of the First Lien Administrative Agent and the Borrower, to effect the provisions of this Section 2.20 (including, in connection with an Incremental Revolving Commitment Increase or Additional/Replacement Revolving Commitments, to reallocate Revolving Exposure on a pro rata basis among the relevant Revolving Lenders and, in connection with an Incremental Facility Amendment establishing any Term Loans, to permit the assignment of such Term Loans to the Borrower and its affiliates). In addition, if so provided in the relevant Incremental Facility Amendment and with the


-106- consent of each Issuing Bank, participations in Letters of Credit expiring on or after the Revolving Maturity Date shall be reallocated from Lenders holding Revolving Commitments to Lenders holding extended revolving commitments in accordance with the terms of such Incremental Facility Amendment; provided, however, that such participation interests shall, upon receipt thereof by the relevant Lenders holding Revolving Commitments, be deemed to be participation interests in respect of such Revolving Commitments and the terms of such participation interests (including, without limitation, the commission applicable thereto) shall be adjusted accordingly. The effectiveness of any Incremental Facility Amendment and the occurrence of any credit event (including the making (but not the conversion or continuation) of a Loan and the issuance, increase in the amount, or extension of a Letter of Credit thereunder) pursuant to such Incremental Facility Amendment shall be subject to the satisfaction of such conditions as the parties thereto shall agree and as required by this Section 2.20. The Borrower will use the proceeds of the First Lien Incremental Term Loans, Incremental Revolving Commitment Increases and Additional/Replacement Revolving Commitments for any purpose permitted by this Agreement. (d) Notwithstanding anything to the contrary, this Section 2.20 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary. SECTION 2.21 Refinancing Amendments. At any time after the Effective Date, the Borrower may obtain, from any Lender or any Additional Lender, Credit Agreement Refinancing Indebtedness in respect of (i) all or any portion of the Term Loans then outstanding under this Agreement (which for purposes of this clause (i) will be deemed to include any then outstanding Other First Lien Term Loans), (ii) all or any portion of the Revolving Loans (or unused Revolving Commitments) under this Agreement (which for purposes of this clause (ii) will be deemed to include any then outstanding other Revolving Loans and Other Revolving Commitments) and (iii) all or any portion of Incremental Equivalent Debt, in the form of (x) Other First Lien Term Loans or Other First Lien Term Commitments or (y) Other Revolving Loans or Other Revolving Commitments, as the case may be, in each case pursuant to a Refinancing Amendment; provided that such Credit Agreement Refinancing Indebtedness (i) will only be available in the event that an additional Class of Loans is added to this Agreement, (ii) will be unsecured or will be secured by the Collateral on a pari passu or junior basis with the Secured Obligations (and if secured, subject to the terms of the First/Second Lien Intercreditor Agreement and/or a Customary Intercreditor Agreement, as applicable), (iii) will have such pricing and optional prepayment terms as may be agreed by the Borrower and the Lenders thereof, and (iv) the Net Proceeds of such Credit Agreement Refinancing Indebtedness shall be applied, substantially concurrently with the incurrence thereof, to the prepayment of outstanding Term Loans or reduction of Revolving Commitments being so refinanced or the prepayment, satisfaction and discharge or redemption of outstanding Incremental Equivalent Debt, as the case may be. The effectiveness of any Refinancing Amendment shall be subject to the satisfaction on the date thereof of the conditions as agreed between the lenders providing such Credit Agreement Refinancing Indebtedness and the Borrower and, to the extent reasonably requested by the First Lien Administrative Agent, receipt by the First Lien Administrative Agent of legal opinions, board resolutions, officers’ certificates and/or reaffirmation agreements consistent with those delivered on the Effective Date under Section 4.01 (other than changes to such legal opinions resulting from a Change in Law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the First Lien Administrative Agent). Each Class of Credit Agreement Refinancing Indebtedness incurred under this Section 2.21 shall be in an aggregate principal amount that is (x) not less than $10,000,000 in the case of Other Term Loans or $10,000,000 in the case of Other Revolving Loans and (y) an integral multiple of $1,000,000 in excess thereof (in each case unless the Borrower and the First Lien Administrative Agent otherwise agree). Any Refinancing Amendment may provide for the issuance of Letters of Credit for the account of the Borrower, or the provision to the Borrower of Swingline Loans, pursuant to any Other Revolving Commitments established thereby, in each case on terms substantially equivalent to the terms applicable to Letters of Credit and Swingline Loans under the Revolving Commitments; provided that no Issuing Bank or Swingline Lender shall be required to act as “issuing bank” or “swingline lender” under any such Refinancing Amendment without its written consent. The First Lien Administrative Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto (including any amendments necessary to treat the Loans and Commitments subject thereto as Other First Lien Term Loans, Other Revolving Loans, Other Revolving Commitments and/or Other First Lien Term Commitments). Any Refinancing Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other First Lien Loan Documents as may be necessary or appropriate, in the


-107- reasonable opinion of the First Lien Administrative Agent and the Borrower, to effect the provisions of this Section 2.21 (including, in connection with an Incremental Revolving Commitment Increase or Additional/Replacement Revolving Commitments, to reallocate Revolving Exposure on a pro rata basis among the relevant Revolving Lenders). In addition, if so provided in the relevant Refinancing Amendment and with the consent of each Issuing Bank, participations in Letters of Credit expiring on or after the Revolving Maturity Date shall be reallocated from Lenders holding Revolving Commitments to Lenders holding extended revolving commitments in accordance with the terms of such Refinancing Amendment; provided, however, that such participation interests shall, upon receipt thereof by the relevant Lenders holding Revolving Commitments, be deemed to be participation interests in respect of such Revolving Commitments and the terms of such participation interests (including, without limitation, the commission applicable thereto) shall be adjusted accordingly. (a) This Section 2.21 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary. SECTION 2.22 Defaulting Lenders. (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: (i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 9.02. (ii) Reallocation of Payments. Subject to the last sentence of Section 2.11(f), any payment of principal, interest, fees or other amounts received by the First Lien Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise, and including any amounts made available to the First Lien Administrative Agent by that Defaulting Lender pursuant to Section 9.08), shall be applied at such time or times as may be determined by the First Lien Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the First Lien Administrative Agent hereunder; second, in the case of a Revolving Lender, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to each Issuing Bank and the Swingline Lender hereunder; third, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the First Lien Administrative Agent; fourth, in the case of a Revolving Lender, if so determined by the First Lien Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; fifth, to the payment of any amounts owing to the Lenders, the Issuing Banks or the Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, such Issuing Bank or the Swingline Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; sixth, so long as no Default or Event of Default exists, to the payment of any amounts owing to any Loan Party as a result of any judgment of a court of competent jurisdiction obtained by any Loan Party against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and seventh, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if such payment is a payment of the principal amount of any Loans or LC Disbursements and such Lender is a Defaulting Lender under clause (a) of the definition thereof, such payment shall be applied solely to pay the relevant Loans of, and LC Disbursements owed to, the relevant non-Defaulting Lenders on a pro rata basis prior to being applied pursuant to Section 2.05(j) or this Section 2.22(a)(ii). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to Section 2.05(j) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. (iii) Certain Fees. That Defaulting Lender (x) shall not be entitled to receive or accrue any commitment fee pursuant to Section 2.12(a) or (c) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender) and (y) shall be limited in its right to receive Letter of Credit fees as provided in Section 2.12(b).


-108- (iv) Reallocation of Applicable Percentages to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Swingline Loans and Letters of Credit pursuant to Sections 2.04 and 2.05 and the payments of participation fees pursuant to Section 2.12(b), the “Applicable Percentage” of each non- Defaulting Lender shall be computed without giving effect to the Revolving Commitment of that Defaulting Lender; provided that the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swingline Loans shall not exceed the positive difference, if any, of (1) the Revolving Commitment of that non-Defaulting Lender minus (2) the aggregate principal amount of the Revolving Loans of that non-Defaulting Lender. (v) Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lenders’ Defaulting Lender Fronting Exposure and (y) second, cash collateralize the Issuing Banks’ Applicable Fronting Exposure in accordance with the procedures set forth in Section 2.05(j). (b) Defaulting Lender Cure. If the Borrower, the First Lien Administrative Agent, Swingline Lender and each Issuing Bank agree in writing in their reasonable discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the First Lien Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash collateral), such Lender will, to the extent applicable, purchase that portion of outstanding Loans of such Class of the other applicable Lenders or take such other actions as the First Lien Administrative Agent may determine to be necessary to cause the applicable Loans and funded and unfunded participations in Letters of Credit and Swingline Loans of such Class to be held on a pro rata basis by the applicable Lenders of such Class in accordance with their Applicable Percentages (without giving effect to Section 2.22(a)(iv) or the proviso to the definition thereof), whereupon that Lender will cease to be a Defaulting Lender with respect to such Class; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided further that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. SECTION 2.23 Illegality. If any Lender determines that any law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender to make, maintain or fund Loans whose interest is determined by reference to Adjusted Term SOFR, the Adjusted BA RateTerm CORRA, Daily Simple RFR or Adjusted EURIBOR (whether denominated in Dollars or an Alternative Currency), or to determine or charge interest rates based upon Adjusted Term SOFR, the Adjusted BA RateTerm CORRA, Daily Simple RFR or Adjusted EURIBOR, then, on notice thereof by such Lender to Borrower through the First Lien Administrative Agent (an “Illegality Notice”), (i) any obligation of such Lender to make or continue Term Benchmark Loans or RFR Loans in the affected currency or currencies or to convert ABR Loans to Term Benchmark Loans or RFR Loans in the affected currency or currencies shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining ABR Loans the interest rate on which is determined by reference to Adjusted Term SOFR component of the Alternate Base Rate or the Adjusted BA RateTerm CORRA component of the Canadian Base Rate, the interest rate on such ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the First Lien Administrative Agent without reference to Adjusted Term SOFR component of the Alternate Base Rate or the Adjusted BA RateTerm CORRA component of the Canadian Base Rate, as applicable, in each case until such Lender notifies the First Lien Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon three Business Days’ notice from such Lender (with a copy to the First Lien Administrative Agent), prepay or (I) if applicable and such Loans are denominated in Dollars or Canadian Dollars, convert all Term Benchmark Loans denominated in Dollars or Canadian Dollars of such Lender to ABR Loans (the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the First Lien Administrative Agent without reference to Adjusted Term SOFR component of the Alternate Base Rate or the Adjusted BA RateTerm CORRA component of the Canadian Base Rate, as applicable), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Term Benchmark Loans to


-109- such day, or immediately, if such Lender may not lawfully continue to maintain such Term Benchmark Loans, or (II) if applicable and such Loans are denominated in an Alternative Currency (other than Canadian Dollars), to the extent the Borrower and the applicable Lenders agree, convert such Loans to Loans bearing interest at an alternative rate mutually acceptable to the Borrower and all of the applicable Lenders, in each case, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Term Benchmark Loans or RFR Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Term Benchmark Loans or RFR Loans; provided, however, that if the Borrower and the applicable Lender cannot agree within a reasonable time on an alternative rate for such Loans denominated in an Alternative Currency (other than Canadian Dollars), the Borrower may, at its discretion, either (i) prepay such Loans or (ii) maintain such Loans outstanding, in which case, the interest rate payable to the applicable Lender on such Loans will be the rate determined by such Lender as its cost of funds to fund a Borrowing of such Loans with maturities comparable to the Interest Period applicable thereto plus the Applicable Rate unless the maintenance of such Loans outstanding on such basis would not stop the conditions described in the first sentence of this Section 2.23 from existing (in which case the Borrower shall be required to prepay such Loans), and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon Adjusted Term SOFR or the Adjusted BA RateTerm CORRA, the First Lien Administrative Agent shall during the period of such suspension compute the Alternate Base Rate or the Canadian Base Rate, as applicable, applicable to such Lender without reference to Adjusted Term SOFR component or the Adjusted BA RateTerm CORRA component, as applicable, thereof until the First Lien Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Adjusted Term SOFR or the Adjusted BA RateTerm CORRA, as applicable. Each Lender agrees to notify the First Lien Administrative Agent and the Borrower in writing promptly upon becoming aware that it is no longer illegal for such Lender to determine or charge interest rates based upon Adjusted Term SOFR, the Adjusted BA RateTerm CORRA, Daily Simple RFR or Adjusted EURIBOR. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. SECTION 2.24 Loan Modification Offers. (a) At any time after the Effective Date, the Borrower may on one or more occasions, by written notice to the First Lien Administrative Agent, make one or more offers (each, a “Loan Modification Offer”) to all the Lenders of one or more Classes (each Class subject to such a Loan Modification Offer, an “Affected Class”) to effect one or more Permitted Amendments relating to such Affected Class pursuant to procedures reasonably specified by the First Lien Administrative Agent and reasonably acceptable to the Borrower (including mechanics to permit cashless rollovers and exchanges by Lenders). Such notice shall set forth (i) the terms and conditions of the requested Permitted Amendment and (ii) the date on which such Permitted Amendment is requested to become effective. Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders of the Affected Class that accept the applicable Loan Modification Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and Commitments of such Affected Class as to which such Lender’s acceptance has been made. (b) A Permitted Amendment shall be effected pursuant to a Loan Modification Agreement executed and delivered by Holdings, the Borrower, each applicable Accepting Lender and the First Lien Administrative Agent; provided that no Permitted Amendment shall become effective unless Holdings and the Borrower shall have delivered to the First Lien Administrative Agent such legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents as shall be reasonably requested by the First Lien Administrative Agent in connection therewith. The First Lien Administrative Agent shall promptly notify each Lender as to the effectiveness of each Loan Modification Agreement. Each Loan Modification Agreement may, without the consent of any Lender other than the applicable Accepting Lenders, effect such amendments to this Agreement and the other First Lien Loan Documents as may be necessary or appropriate, in the opinion of the First Lien Administrative Agent, to give effect to the provisions of this Section 2.24, including any amendments necessary to treat the applicable Loans and/or Commitments of the Accepting Lenders as a new “Class” of loans and/or commitments hereunder. (c) If, in connection with any proposed Loan Modification Offer, any Lender declines to consent to such Loan Modification Offer on the terms and by the deadline set forth in such Loan Modification Offer (each such Lender, a “Non-Accepting Lender”) then the Borrower may, on notice to the First Lien Administrative Agent and the Non-Accepting Lender, (i) replace such Non-Accepting Lender in whole or in part by causing such


-110- Lender to (and such Lender shall be obligated to) assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04) all or any part of its interests, rights and obligations under this Agreement in respect of the Loans and Commitments of the Affected Class to one or more Eligible Assignees (which Eligible Assignee may be another Lender, if a Lender accepts such assignment); provided that neither the First Lien Administrative Agent nor any Lender shall have any obligation to the Borrower to find a replacement Lender; provided, further, that (a) the applicable assignee shall have agreed to provide Loans and/or Commitments on the terms set forth in the applicable Permitted Amendment, (b) such Non-Accepting Lender shall have received payment of an amount equal to the outstanding principal of the Loans of the Affected Class assigned by it pursuant to this Section 2.24(c), accrued interest thereon, accrued fees and all other amounts (including any amounts under Section 2.11(a)(i)) payable to it hereunder from the Eligible Assignee (to the extent of such outstanding principal and accrued interest and fees) and (c) unless waived, the Borrower or such Eligible Assignee shall have paid to the First Lien Administrative Agent the processing and recordation fee specified in Section 9.04(b). (d) Notwithstanding anything to the contrary, this Section 2.24 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary. ARTICLE III REPRESENTATIONS AND WARRANTIES Each of Holdings and the Borrower represents and warrants to the Lenders that: SECTION 3.01 Organization; Powers. Each of Holdings, the Borrower and the Restricted Subsidiaries is (a) duly organized or incorporated, validly existing and in good standing (to the extent such concept exists in the relevant jurisdictions) under the laws of the jurisdiction of its organization, (b) has the corporate or other organizational power and authority to carry on its business as now conducted and to execute, deliver and perform its obligations under each First Lien Loan Document to which it is a party and (c) is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except in the cases of clause (a) (other than with respect to the Borrower), clause (b) and clause (c), where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. SECTION 3.02 Authorization; Enforceability. This Agreement has been duly authorized, executed and delivered by each of Holdings and the Borrower and constitutes, and each other First Lien Loan Document to which any Loan Party is to be a party, when executed and delivered by such Loan Party, will constitute, a legal, valid and binding obligation of Holdings, the Borrower or such Loan Party, as the case may be, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. SECTION 3.03 Governmental Approvals; No Conflicts. Except as set forth on Schedule 3.03, the First Lien Financing Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect and except filings necessary to perfect Liens created under the First Lien Loan Documents, (b) will not violate (i) the Organizational Documents of, or (ii) any Requirements of Law applicable to, Holdings, the Borrower or any Restricted Subsidiary, (c) will not violate or result in a default under any indenture or other agreement or instrument binding upon Holdings, the Borrower or any Restricted Subsidiary or their respective assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made by Holdings, the Borrower or any Restricted Subsidiary, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation thereunder and (d) will not result in the creation or imposition of any Lien on any asset of Holdings, the Borrower or any Restricted Subsidiary(other than Liens created under the First Lien Loan Documents) except (in the case of each of clauses (a), (b)(ii) and (c)) to the extent that the failure to obtain or make


-111- such consent, approval, registration, filing or action, or such violation, default or right, as the case may be, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. SECTION 3.04 Financial Condition; No Material Adverse Effect. (a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the financial condition of Holdings, the Borrower and the Subsidiaries as of the respective dates thereof and their results of operations and cash flows for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein. (b) Since the date of the Audited Financial Statements, there has been no Material Adverse Effect. SECTION 3.05 Properties. Each of Holdings, the Borrower and the Restricted Subsidiaries has good fee simple, or the equivalent in foreign jurisdictions, title to, or valid leasehold (or license or similar) interests in or other limited property interests in, all its real and personal property material to its business, if any (including all of the Mortgaged Properties), (i) free and clear of all Liens except for Liens permitted by Section 6.02 and (ii) except for minor defects in title or interest that do not interfere with its ability to conduct its business as currently conducted or as proposed to be conducted or to utilize such properties for their intended purposes, in each case, except where the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. SECTION 3.06 Litigation and Environmental Matters. (a) Except as set forth on Schedule 3.06, there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of Holdings or the Borrower, threatened in writing against or affecting Holdings, the Borrower or any Restricted Subsidiary that would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. (b) Except as set forth on Schedule 3.06, and except with respect to any other matters that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, none of Holdings, the Borrower or any Restricted Subsidiary (i) is not in compliance with any Environmental Law or permit, license or approval required under any Environmental Law, (ii) has, to the knowledge of Holdings or the Borrower, become subject to any Environmental Liability or (iii) has received written notice of any claim with respect to any Environmental Liability. SECTION 3.07 Compliance with Laws and Agreements. Each of Holdings, the Borrower and the Restricted Subsidiaries is in compliance with (a) its Organizational Documents, (b) all Requirements of Law applicable to it or its property and (c) all indentures and other agreements and instruments binding upon it or its property, except, in the case of clauses (b) and (c) of this Section 3.07, where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. SECTION 3.08 Investment Company Status. None of the Loan Parties is required to register as an “investment company” under the Investment Company Act of 1940, as amended from time to time. SECTION 3.09 Taxes. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, Holdings, the Borrower and each Restricted Subsidiary (a) have timely filed or caused to be filed all


-112- Tax returns and reports required to have been filed and (b) have paid or caused to be paid all Taxes levied or imposed on their properties, income or assets (whether or not shown on a Tax return) including in their capacity as tax withholding agents, except any Taxes that are being contested in good faith by appropriate proceedings, provided that Holdings, the Borrower or Restricted Subsidiary, as the case may be, has set aside on its books adequate reserves therefor in accordance with GAAP. There is no proposed Tax assessment, deficiency or other claim against Holdings, the Borrower or any Restricted Subsidiary that would reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect. SECTION 3.10 ERISA. (a) Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each Plan sponsored by a Loan Party is in compliance with the applicable provisions of ERISA, the Code and other federal or state laws. (b) Except as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) no ERISA Event has occurred during the six year period prior to the date on which this representation is made or deemed made or is reasonably expected to occur and (ii) neither any Loan Party nor, to the knowledge of Holdings and the Borrower, any ERISA Affiliate has engaged in a transaction that would reasonably be expected to be subject to Section 4069 or 4212(c) of ERISA. (c) Except as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) each employee benefit plan (as defined in Section 3(2) of ERISA) sponsored by a Loan Party that is intended to meet the requirements of a “qualified plan” under Section 401(a) of the Code has either received a favorable determination letter from the Internal Revenue Service to the effect that the form of such plan is qualified under Section 401(a) of the Code or is in the form of a prototype or volume submitter plan that has received a favorable opinion letter, in each case from the Internal Revenue Service as to such plan’s qualified status and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the Internal Revenue Service; (ii) to the knowledge of Holdings and the Borrower, no fact or event has occurred that could adversely affect the qualified status of any such employee benefit plan or the exempt status of any such trust; and (iii) there are no pending or, to the knowledge of Holdings and the Borrower, threatened (in writing) claims, actions or lawsuits, or action by any Governmental Authority, with respect to any such plan. SECTION 3.11 Disclosure. As of the Effective Date, all written factual information and written factual data (other than projections of Holdings and its Subsidiaries and information of a general economic or industry specific nature) furnished by or on behalf of any of Holdings, and its Subsidiaries to the First Lien Administrative Agent, any Joint Lead Arranger or any Lender in connection with the Transactions, when taken as a whole after giving effect to all supplements and updates provided thereto, is correct in all material respects and does not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not materially misleading in the light of the circumstances under which they were made; provided that, with respect to the projections, Holdings and the Borrower represent only that such projections, when taken as a whole, were prepared in good faith based upon assumptions believed by them to be reasonable at the time delivered, it being understood that (i) such projections are merely a prediction as to future events and are not to be viewed as facts, (ii) such projections are subject to significant uncertainties and contingencies, many of which are beyond the control of Holdings or any of its Subsidiaries and (iii) no assurance can be given that any particular projections will be realized and that actual results during the period or periods covered by any such projections may differ significantly from the projected results and such differences may be material. SECTION 3.12 Subsidiaries. As of the Effective Date, Schedule 3.12 sets forth the name of, and the ownership interest of Holdings and each of its Subsidiaries in, each Subsidiary of Holdings.


-113- SECTION 3.13 Intellectual Property; Licenses, Etc. Except as would not reasonably be expected to have a Material Adverse Effect, each of Holdings, the Borrower and the Restricted Subsidiaries owns, licenses or possesses the right to use all Intellectual Property that is reasonably necessary for the operation of its business substantially as currently conducted. To the knowledge of Holdings and the Borrower, no Intellectual Property used by Holdings, the Borrower or any Restricted Subsidiary in the operation of its business as currently conducted infringes upon the Intellectual Property of any Person except for such infringements that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. No claim or litigation regarding any of the Intellectual Property is pending or, to the knowledge of Holdings and the Borrower, threatened in writing against Holdings, the Borrower or any Restricted Subsidiary, which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. SECTION 3.14 Solvency. Immediately after the consummation of each of the Transactions to occur on the Effective Date, after taking into account all applicable rights of indemnity and contribution, (a) the sum of the debt (including contingent liabilities) of the Holdings and its subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of Holdings and its Subsidiaries, on a consolidated basis, (b) the capital of Holdings and its Subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as contemplated on the Effective Date, (c) Holdings and its Subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts including current obligations, beyond their ability to pay such debts as they become due (whether at maturity or otherwise), and (d) Holdings and its Subsidiaries, on a consolidated basis, are “solvent” within the meaning given to that term and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this Section 3.14, the amount of any contingent liability at any time shall be computed as the amount that, in the light of all of the facts and circumstances existing at such time, represents the amount that would reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual pursuant to Financial Accounting Standards Board Statement No. 5). SECTION 3.15 Federal Reserve Regulations. None of Holdings, the Borrower or any Restricted Subsidiary is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors), or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of the Loans will be used, directly or indirectly, to purchase or carry any margin stock or to refinance any Indebtedness originally incurred for such purpose, or for any other purpose that entails a violation (including on the part of any Lender) of the provisions of Regulations U or X of the Board of Governors. SECTION 3.16 Use of Proceeds. (a) The Borrower will use the proceeds of the Revolving Loans and Swingline Loans made, and Letters of Credit issued, on or after the Effective Date for general corporate purposes and working capital purposes, including capital expenditures, to fund Permitted Acquisitions, Permitted Investments, Restricted Payments and other transactions permitted by this Agreement. (b) The Borrower will use the proceeds of the Second Incremental Amendment Term Loans made on the Second Incremental Amendment Effective Date, directly or indirectly, to (i) repay in full the Bridge Loans, and (ii) pay fees and expenses incurred in connection with the granting of the Incremental Term Facility incurred on the Second Incremental Amendment Effective Date, the entering into of the First Lien Loan Documents on the Second Incremental Amendment Effective Date and the other transactions contemplated by the Second Incremental Amendment, with the remainder to be used for general corporate purposes. (c) The Borrower will use the proceeds of the Delayed Draw Incremental Term Loans made on the applicable Delayed Draw Incremental Funding Date for general corporate purposes.


-114- SECTION 3.17 Patriot Act; Anti-Corruption; Anti-Money Laundering; Sanctions. (a) Holdings and the Borrower have implemented and maintain in effect, or are subject to, policies and procedures designed to promote and achieve compliance by Holdings, the Borrower and their respective Subsidiaries, and the respective directors, officers, employees and agents of any of the foregoing, with applicable Anti-Corruption Laws, applicable Anti-Money Laundering Laws and applicable Sanctions. (b) None of Holdings, the Borrower or any of the Subsidiaries or any of their respective directors, officers or, to the Borrower’s knowledge, employees or Affiliates or any of the agents acting on behalf of the Holdings, the Borrower or any of the Subsidiaries in connection with the First Lien Financing Transactions: (i) is a Sanctioned Person; or (ii) conducts any business or engages in any dealings with, involving or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, in violation of applicable Sanctions. Neither Holdings nor the Borrower will, directly or, to its knowledge, indirectly, use any part of any proceeds of the Loans or lend, contribute, or otherwise make available such proceeds (A) to fund or facilitate any activities or business of, with, involving or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction or (B) in any other manner that would constitute or give rise to a violation of Sanctions by any Person, including any Lender. (c) None of Holdings, the Borrower or any of the Subsidiaries or any of their respective directors, officers or, to the Borrower’s knowledge, employees or any of the agents acting on behalf of Holdings, the Borrower or any of the Subsidiaries in connection with the First Lien Financing Transactions has taken or will take any action in furtherance of an offer, payment, promise to pay, or authorization or approval of the payment or giving of money, property, gifts or anything else of value, directly or indirectly, to any “government official” (including any officer or employee of a government or government-owned or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office) to influence official action or secure an improper advantage or in any manner that would constitute or give rise to a violation of applicable Anti-Corruption Laws. (d) None of Holdings, the Borrower or any of the Subsidiaries or any of their respective directors, officers or, to the Borrower’s knowledge, employees, agents or Affiliates is or has been, in the past five (5) years, subject to any action, proceeding, litigation, claim or investigation with regard to any actual or alleged violation of Sanctions, Anti-Corruption Laws or Anti-Money Laundering Laws. ARTICLE IV CONDITIONS SECTION 4.01 Effective Date. The obligation of each Lender to make Loans and the obligations of each Issuing Bank to issue Letters of Credit hereunder on the Effective Date shall be subject to satisfaction of the following conditions (or waiver thereof in accordance with Section 9.02): (a) The First Lien Administrative Agent (or its counsel) shall have received from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) otherwise written evidence satisfactory to the First Lien Administrative Agent (which may include facsimile or other electronic transmission of a signed counterpart of this Agreement) that such party has signed a counterpart of this Agreement. (b) The First Lien Administrative Agent shall have received a written opinion (addressed to the First Lien Administrative Agent, the Lenders and the Issuing Banks and dated the Effective Date) of (i) Cleary Gottlieb Steen & Hamilton LLP, New York counsel for the Loan Parties, (ii) Cleary Gottlieb Steen & Hamilton LLP, UK counsel for the Loan Parties and (iii) Young Conaway Stargatt & Taylor LLP, Delaware counsel for the Loan Parties, in each case in form and substance reasonably satisfactory to the First Lien Administrative Agent. Each of Holdings and the Borrower hereby requests such counsel to deliver such opinions.


-115- (c) The First Lien Administrative Agent shall have received a certificate of each Loan Party, dated the Effective Date, in form and substance reasonably satisfactory to the First Lien Administrative Agent, executed by any Responsible Officer of such Loan Party, and including or attaching the documents referred to in paragraph (d) of this Section 4.01. (d) The First Lien Administrative Agent shall have received a copy of (i) each Organizational Document of each Loan Party certified, to the extent applicable, as of a recent date by the applicable Governmental Authority, (ii) signature and incumbency certificates of the Responsible Officers of each Loan Party executing the First Lien Loan Documents to which it is a party, (iii) copies of resolutions of the Board of Directors of each Loan Party approving and authorizing the execution, delivery and performance of First Lien Loan Documents to which it is a party, certified as of the Effective Date by a secretary, an assistant secretary or a Responsible Officer of such Loan Party as being in full force and effect without modification or amendment and (iv) a good standing certificate (to the extent such concept exists) from the applicable Governmental Authority of each Loan Party’s jurisdiction of incorporation, organization or formation. (e) The First Lien Administrative Agent shall have received (or substantially simultaneously with the initial funding of Loans on the Effective Date, shall receive) all fees and other amounts previously agreed in writing by the Joint Lead Arrangers and the Borrower to be due and payable on or prior to the Effective Date, including, to the extent invoiced at least three (3) Business Days prior to the Effective Date, reimbursement or payment of all reasonable and documented out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party under any First Lien Loan Document. (f) The Collateral and Guarantee Requirement (in each case other than in accordance with Section 5.14) shall have been satisfied and the First Lien Administrative Agent shall have received a completed Perfection Certificate dated the Effective Date and signed by a Responsible Officer of Holdings and the Borrower, together with all attachments contemplated thereby. (g) The Refinancing shall have been consummated, or substantially concurrently with the initial funding of Loans on the Effective Date, shall be consummated. (h) The Borrower shall have received at least $200,000,000 of proceeds from the issuance of its Equity Interests. (i) [Reserved]. (j) The First Lien Administrative Agent and the Joint Lead Arrangers shall have received, at least three (3) Business Days prior to the Effective Date, (A) all documentation and other information about the Loan Parties as shall have been reasonably requested in writing at least ten (10) Business Days prior to the Effective Date by the First Lien Administrative Agent or the Joint Lead Arrangers that they shall have reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act, and (B) to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, and to the extent requested in writing at least ten (10) Business Days prior to the Effective Date, a beneficial ownership certificate in the form of Exhibit X. Notwithstanding the foregoing, the obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective unless each of the foregoing conditions shall have been satisfied (or waived pursuant to Section 9.02) at or prior to 11:59 p.m., New York City time, on the Effective Date (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time). For purposes of determining whether the conditions set forth in this Section 4.01 have been satisfied, by releasing its signature page hereto or to an Assignment and Assumption, the First Lien Administrative Agent and each Lender party hereto shall be deemed to have consented to, approved, accepted or be satisfied with each document or other matter required hereunder to be consented to or approved by, or acceptable or satisfactory to, the First Lien Administrative Agent or such Lender, as the case may be.


-116- SECTION 4.02 Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than any initial Borrowing under any First Lien Incremental Facility and any Delayed Draw Incremental Term Borrowing), is subject to receipt of the request therefor in accordance herewith to the satisfaction of the following conditions (other than in the case of any Borrowing the proceeds of which are used to finance a Limited Condition Transaction as to which an LCT Election has been made, which shall be subject to such conditions as of the LCT Test Date as provided in Section 1.06): (a) In the case of any Borrowing of Term Loans, Revolving Loans or a Swingline Loan, the First Lien Administrative Agent shall have received a Borrowing Request as required by Section 2.03; (b) The representations and warranties of each Loan Party set forth in the First Lien Loan Documents (or in the case of any Borrowing the proceeds of which are used to finance a Limited Condition Transaction, customary specified representations) shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as the case may be; provided that, in each case, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided further that, in each case, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects on the date of such credit extension or on such earlier date, as the case may be; (c) At the time of and immediately after giving effect to such Borrowing, or the issuance, amendment, renewal or extension of such Letter of Credit, as the case may be, no Default or Event of Default shall have occurred and be continuing; and (d) In the case of the borrowing of Term Loans, the First Lien Administrative Agent shall have received concurrently with the delivery of the relevant Borrowing Request a certificate from a Financial Officer certifying as to the solvency of Holdings and its Subsidiaries on a consolidated basis after giving effect to such borrowing, substantially in the form of Exhibit Z. Each Borrowing (provided that a conversion or a continuation of a Borrowing shall not constitute a “Borrowing” for purposes of this Section 4.02), other than a Borrowing under any First Lien Incremental Facility, and each issuance, amendment, renewal or extension of a Letter of Credit (other than any issuance, amendment, renewal or extension of a Letter of Credit on the Effective Date) shall be deemed to constitute a representation and warranty by Holdings and the Borrower on the date thereof as to the matters specified in paragraphs (b) and (c) of this Section 4.02 (which deemed representation, in the case of any Borrowing the proceeds of which are used to finance a Limited Condition Transaction as to which an LCT Election has been made, shall be as of the LCT Test Date). SECTION 4.03 Delayed Draw Incremental Term Loans. On or after the Second Incremental Amendment Effective Date, the obligation of each Delayed Draw Incremental Lender to make Delayed Draw Term Loans on the occasion of any Borrowing of Delayed Draw Incremental Term Loans is subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions (other than in the case of any Borrowing the proceeds of which are used to finance a Limited Condition Transaction as to which an LCT Election has been made, which shall be subject to such conditions as of the LCT Test Date as provided in Section 1.06): (a) immediately after giving effect to such Borrowing on a Pro Forma Basis, the Borrower shall be in compliance with the Financial Performance Covenant in Section 6.11; (b) the representations and warranties of each Loan Party set forth in the First Lien Loan Documents (or in the case of any Borrowing the proceeds of which are used to finance a Limited Condition Transaction, customary specified representations) shall be true and correct in all material respects on and as of the date of such Borrowing; provided that, in each case, to the extent that such representations and warranties specifically


-117- refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided further that, in each case, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects on the date of such credit extension or on such earlier date, as the case may be; (c) at the time of and immediately after giving effect to such Borrowing, no Default or Event of Default shall have occurred and be continuing; and (d) the First Lien Administrative Agent shall have received a Borrowing Request delivered pursuant to Section 2.03. ARTICLE V AFFIRMATIVE COVENANTS From and after the Effective Date and until the Termination Date, each of Holdings and the Borrower covenants and agrees with the Lenders that: SECTION 5.01 Financial Statements and Other Information. The Borrower will furnish to the First Lien Administrative Agent, on behalf of each Lender: (a) commencing with the financial statements for the fiscal year ended December 31, 2021, on or before the date that is ninety (90) days after the end of each fiscal year of the Borrower, audited consolidated balance sheet and audited consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows of Holdings and its Subsidiaries as of the end of and for such year, and related notes thereto, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by an independent public accountant of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit (other than any exception or explanatory paragraph, but not a qualification, that is expressly and solely with respect to, or expressly and solely resulting from, (A) the Term Maturity Date or the Revolving Maturity Date occurring within one year from the time such opinion is delivered or (B) any actual failure to satisfy the Financial Performance Covenant or potential inability to satisfy the Financial Performance Covenant on a future date or in a future period)) to the effect that such consolidated financial statements present fairly in all material respects the financial condition as of the end of and for such year and results of operations and cash flows of Holdings and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; (b) commencing with the financial statements for the fiscal quarter ended June 30, 2021, on or before the date that is forty-five (45) days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, unaudited consolidated balance sheet and unaudited consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows of Holdings and its Subsidiaries as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly in all material respects the financial condition as of the end of and for such fiscal quarter and such portion of the fiscal year and results of operations and cash flows of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; (c) simultaneously with the delivery of each set of consolidated financial statements referred to in clauses (a) and (b) above, the related unaudited consolidating financial information reflecting adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements; (d) not later than five days after any delivery of financial statements under paragraph (a) or (b) above, a certificate of a Financial Officer (i) certifying as to whether a Default then exists and, if a Default does then exist, specifying the details thereof and any action taken or proposed to be taken with respect thereto and (ii) setting forth reasonably detailed calculations (A) demonstrating compliance with the Financial Performance


-118- Covenant, if applicable, (B) in the case of financial statements delivered under paragraph (a) above and only to the extent the Borrower would be required to prepay Term Borrowings pursuant to Section 2.11(d), beginning with the financial statements for the fiscal year of the Borrower ending December 31, 2021, of Excess Cash Flow for such fiscal year and (C) in the case of financial statements delivered under paragraph (a) above, setting forth a reasonably detailed calculation of the Net Proceeds received during the applicable period by or on behalf of Holdings or any of its Restricted Subsidiaries in respect of any event described in clause (a) of the definition of the term “Prepayment Event” and the portion of such Net Proceeds that has been invested or are intended to be reinvested in accordance with the proviso in Section 2.11(c); (e) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and registration statements (other than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered to the First Lien Administrative Agent), exhibits to any registration statement and, if applicable, any registration statement on Form S-8) filed by Holdings, the Borrower or any Restricted Subsidiary with the SEC or with any national securities exchange; and (f) promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of Holdings, the Borrower or any Restricted Subsidiary, or compliance with the terms of any First Lien Loan Document, as the First Lien Administrative Agent on its own behalf or on behalf of any Lender may reasonably request in writing. Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 5.01 may be satisfied with respect to financial information of Holdings and its Subsidiaries by furnishing (A) the Form 10-K or 10-Q (or the equivalent), as applicable, of Holdings filed with the SEC within the applicable time periods required by applicable law and regulations or (B) the applicable financial statements of any direct or indirect parent of Holdings); provided that (i) to the extent such information relates to a parent of Holdings, such information is accompanied by consolidating information, which may be unaudited, that explains in reasonable detail the differences between the information relating to such parent, on the one hand, and the information relating to Holdings and its Subsidiaries on a standalone basis, on the other hand, and (ii) to the extent such information is in lieu of information required to be provided under Section 5.01(a), such materials are accompanied by a report and opinion of an independent registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit (other than any exception or explanatory paragraph, but not a qualification, that is expressly and solely with respect to, or expressly and solely resulting from, (A) the Term Maturity Date or the Revolving Maturity Date occurring within one year from the time such opinion is delivered or (B) any potential failure to satisfy or potential inability to satisfy the Financial Performance Covenant on a future date or in any future period). Documents required to be delivered pursuant to Section 5.01(a), (b) or (e) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 9.01 (or otherwise notified pursuant to Section 9.01(d)); or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the First Lien Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the First Lien Administrative Agent); provided that: (i) the Borrower shall deliver paper copies of such documents to the First Lien Administrative Agent upon its reasonable request until a written notice to cease delivering paper copies is given by the First Lien Administrative Agent and (ii) the Borrower shall notify the First Lien Administrative Agent (by fax or electronic mail) of the posting of any such documents and upon its reasonable request, provide to the First Lien Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The First Lien Administrative Agent shall have no obligation to request the delivery of or maintain paper copies of the documents referred to above, and each Lender shall be solely responsible for timely accessing posted documents and maintaining its copies of such documents. Notwithstanding anything to the contrary herein, neithernone of Holdings, the Borrower nor any Subsidiary shall be required to deliver, disclose, permit the inspection, examination or making of copies of or excerpts from, or any discussion of, any document, information, or other matter (i) that constitutes trade secrets or proprietary information, (ii) in respect of which disclosure to the First Lien Administrative Agent (or any Lender (or their


-119- respective representatives or contractors)) is prohibited by applicable law, (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product, (iv) with respect to which any Loan Party owes confidentiality obligations (to the extent not created in contemplation of such Loan Party’s Obligations under this Section 5.01) to any third party, after such Loan Party’s use of commercially reasonable efforts to obtain the consent of such third party (to the extent commercially feasible) or (v) that relates to any investigation by any Governmental Authority to the extent (x) such information is identifiable to a particular individual and the Borrower in good faith determines such information should remain confidential or (y) the information requested is not factual in nature. SECTION 5.02 Notices of Material Events. Promptly after any Responsible Officer of Holdings or the Borrower obtains actual knowledge thereof, Holdings or the Borrower will furnish to the First Lien Administrative Agent (for distribution to each Lender through the First Lien Administrative Agent) written notice of the following: (a) the occurrence of any Default; (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or, to the knowledge of a Financial Officer or another executive officer of Holdings, the Borrower or any Subsidiary, affecting Holdings, the Borrower or any Subsidiary or the receipt of a written notice of Environmental Liability, in each case that would reasonably be expected to result in a Material Adverse Effect; and (c) the occurrence of any ERISA Event that would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. Each notice delivered under this Section 5.02 shall be accompanied by a written statement of a Responsible Officer of Holdings or the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. SECTION 5.03 Information Regarding Collateral. (a) Holdings or the Borrower will furnish to the First Lien Administrative Agent prompt (and in any event within thirty (30) days or such longer period as reasonably agreed to by the First Lien Administrative Agent) written notice of any change (i) in any Loan Party’s legal name (as set forth in its certificate of organization or like document), (ii) in the jurisdiction of incorporation or organization of any Loan Party or in the form of its organization or (iii) in any Loan Party’s organizational identification number to the extent that such Loan Party is organized or owns Mortgaged Property in a jurisdiction where an organizational identification number is required to be included in a UCC financing statement for such jurisdiction. (b) Not later than five Business Days after financial statements are required to be delivered pursuant to Section 5.01(a), Holdings or the Borrower shall deliver to the First Lien Administrative Agent a certificate executed by a Responsible Officer of Holdings or the Borrower (i) setting forth the information required pursuant to Paragraphs 1, 7, 8, 9, 10 and 11 of the Perfection Certificate or confirming that there has been no change in such information since the later of (x) the date of the Perfection Certificate delivered on the Effective Date or (y) the date of the most recent certificate delivered pursuant to this Section 5.03, (ii) identifying Wholly Owned Restricted Subsidiary that has become, or ceased to be, a Material Subsidiary or an Excluded Subsidiary during the most recently ended fiscal year and (iii) certifying that all notices required to be given prior to the date of such certificate by Section 5.03 have been given. SECTION 5.04 Existence; Conduct of Business. Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, do or cause to be done all things necessary to obtain, preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, franchises, Intellectual Property and Governmental Approvals material to the conduct of its business, except to the extent (other than with respect to the preservation of the existence of Holdings


-120- and the Borrower) that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, amalgamation, consolidation, liquidation or dissolution permitted under Section 6.03 or any Disposition permitted by Section 6.05. SECTION 5.05 Payment of Taxes, etc. Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, pay all Taxes (whether or not shown on a Tax return) imposed upon it or its income or properties or in respect of its property or assets, before the same shall become delinquent or in default, except where (a) the same are being contested in good faith by an appropriate proceeding diligently conducted by Holdings, the Borrower or any of their respective Subsidiaries or (b) the failure to make payment would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. SECTION 5.06 Maintenance of Properties. Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, keep and maintain all tangible property material to the conduct of its business in good working order and condition (casualty, condemnation and ordinary wear and tear excepted), except where the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. SECTION 5.07 Insurance. (a) Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, maintain, with insurance companies that Holdings believes (in the good faith judgment of the management of Holdings) are financially sound and responsible at the time the relevant coverage is placed or renewed, insurance in at least such amounts (after giving effect to any self-insurance which Holdings believes (in the good faith judgment of management of Holdings) is reasonable and prudent in light of the size and nature of its business) and against at least such risks (and with such risk retentions) as Holdings believes (in the good faith judgment or the management of Holdings) are reasonable and prudent in light of the size and nature of its business, and will furnish to the Lenders, upon written request from the First Lien Collateral Agent, information presented in reasonable detail as to the insurance so carried. The Borrower shall, and shall cause each Loan Party organized or existing under the laws of a Covered Jurisdiction to, within the term set out under Schedule 5.14, (i) name the First Lien Collateral Agent, on behalf of the Secured Parties, as an additional insured as its interests may appear on each such general liability policy of insurance and each casualty insurance policy belonging to or insuring such Loan Party (other than directors and officers policies, workers compensation policies and business interruption insurance) and (ii) in the case of each property insurance policy belonging to or insuring a Loan Party organized or existing under the laws of a Covered Jurisdiction, include a loss payable clause or mortgagee endorsement, as applicable that names the First Lien Collateral Agent, on behalf of the Secured Parties, as the loss payee or mortgagee, as applicable, thereunder. (b) If any portion of a building or other improvement included in any Mortgaged Property is at any time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a special flood hazard area with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or under any successor statute thereto), then the Borrower shall, or shall cause each Loan Party to (i) maintain, or cause to be maintained, with insurance companies that Holdings believes (in the good faith judgment of the management of Holdings) are financially sound and responsible at the time the relevant coverage is placed or renewed, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) furnish to the Lenders, upon written request from the First Lien Collateral Agent, information presented in reasonable detail as to the flood insurance so carried. SECTION 5.08 Books and Records; Inspection and Audit Rights. Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, maintain proper books of record and account in which entries that are full, true and correct in all material respects and are in conformity with GAAP (or applicable local standards) consistently applied shall be made of all material financial


-121- transactions and matters involving the assets and business of Holdings, the Borrower or itsthe Restricted Subsidiaries, as the case may be. Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, permit any representatives designated by the First Lien Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its tangible properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested; provided that (i) such representative shall us commercially reasonable efforts to avoid interruption of the normal business operations of Holdings and its Subsidiaries and (ii) excluding any such visits and inspections during the continuation of an Event of Default, only the First Lien Administrative Agent on behalf of the Lenders may exercise visitation and inspection rights of the First Lien Administrative Agent and the Lenders under this Section 5.08 and the First Lien Administrative Agent shall not exercise such rights more often than one time during any calendar year absent the existence of an Event of Default and such time shall be at the Borrower’s expense; provided, further that (a) when an Event of Default exists, the First Lien Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice and (b) the First Lien Administrative Agent and the Lenders shall give Holdings and the Borrower the opportunity to participate in any discussions with Holdings’ or the Borrower’s independent public accountants. SECTION 5.09 Compliance with Laws. Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, comply with all Requirements of Law (including ERISA, Environmental Laws and the USA PATRIOT Act) with respect to it, its property and operations, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. SECTION 5.10 Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the Term Loans, the Revolving Loans, the Swingline Loans and the Letters of Credit solely in accordance with Section 3.16. SECTION 5.11 Additional Subsidiaries. (a) If (i) any additional Restricted Subsidiary that is not an Excluded Subsidiary organized in a Covered Jurisdiction, is formed or acquired after the Effective Date, (ii) any Restricted Subsidiary ceases to be an Excluded Subsidiary (other than any Immaterial Subsidiary that becomes a Material Subsidiary, which shall be subject to Section 5.11(b)) or (iii) the Borrower, at its option, elects to cause a Subsidiary organized in a Covered Jurisdiction, or to the extent reasonably acceptable to the First Lien Administrative Agent, a subsidiary that is otherwise an Excluded Subsidiary (including any Subsidiary that is not a Wholly Owned Subsidiary or any consolidated Affiliate in which Holdings and its Subsidiaries own no Equity Interest or that is organized in a non-Covered Jurisdiction) to become a Subsidiary Loan Party, then in each case if (i), (ii) and (iii) Holdings or the Borrower will, within 30 days (or such longer period as may be agreed to by the First Lien Administrative Agent in its reasonable discretion) after (x) such newly formed or acquired Restricted Subsidiary is formed or acquired, (y) such Restricted Subsidiary ceases to be an Excluded Subsidiary or (z) the Borrower has made such election, notify the First Lien Administrative Agent thereof, and will cause such Restricted Subsidiary (unless such Restricted Subsidiary is an Excluded Subsidiary) t to satisfy the Collateral and Guarantee Requirement with respect to such Restricted Subsidiary and with respect to any Equity Interest in or Indebtedness of such Restricted Subsidiary owned by or on behalf of any Loan Party within 30 days after such notice (or such longer period as the First Lien Administrative Agent shall reasonably agree). The Borrower shall deliver to the First Lien Administrative Agent a completed Perfection Certificate (or supplement thereof) with respect to such Restricted Subsidiary signed by a Responsible Officer of Holdings or of such applicable Restricted Subsidiary, together with all attachments contemplated thereby concurrently with the satisfaction of the Collateral and Guarantee Requirement with respect to such Restricted Subsidiary. (b) Within 45 days (or such longer period as otherwise provided in this Agreement or as the First Lien Administrative Agent may reasonably agree) after Holdings or the Borrower identifies any new Material Subsidiary pursuant to Section 5.03(b), all actions (if any) required to be taken with respect to such Subsidiary in order to satisfy the Collateral and Guarantee Requirement shall have been taken with respect to such Subsidiary, to the extent not already satisfied pursuant to Section 5.11(a).


-122- (c) Notwithstanding the foregoing, in the event any Material Real Property would be required to be mortgaged pursuant to this Section 5.11, the applicable Loan Party shall be required to comply with the “Collateral and Guarantee Requirement” as it relates to such Material Real Property within 90 days, following the latter of the date such Subsidiary becomes a Loan Party and the acquisition of such Material Real Property, or such longer time period as agreed by the First Lien Administrative Agent in its reasonable discretion;. SECTION 5.12 Further Assurances. (a) Subject to last paragraph of the definition of “Collateral and Guarantee Requirement”, each of Holdings and the Borrower will, and will cause each Loan Party to, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), that may be required under any applicable law and that the First Lien Administrative Agent or the Required Lenders may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the Loan Parties. (b) If, after the Effective Date, any material assets (other than Excluded Assets), including any Material Real Property, are acquired by the Borrower or any other Loan Party or are held by any Subsidiary on or after the time it becomes a Loan Party pursuant to Section 5.11 (other than assets constituting Collateral under a Security Document that become subject to the Lien created by such Security Document upon acquisition thereof or constituting Excluded Assets), the Borrower will notify the First Lien Administrative Agent thereof, and, if requested by the First Lien Administrative Agent, the Borrower will cause such assets to be subjected to a Lien securing the Secured Obligations and will take and cause the other Loan Parties to take, such actions as shall be necessary and reasonably requested by the First Lien Administrative Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section and as required pursuant to the “Collateral and Guarantee Requirement,” all at the expense of the Loan Parties and subject to the last paragraph of the definition of the term “Collateral and Guarantee Requirement.” In the event any Material Real Property is mortgaged pursuant to this Section 5.12(b), the Borrower or such other Loan Party, as applicable, shall be required to comply with the “Collateral and Guarantee Requirement” and paragraph (a) of this Section 5.12 within 90 days following the acquisition of such Material Real Property or such longer time period as agreed by the First Lien Administrative Agent in its reasonable discretion. SECTION 5.13 Designation of Subsidiaries. The Borrower may at any time after the Effective Date designate any Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided (i) that immediately after such designation on a Pro Forma Basis, no Event of Default shall have occurred and be continuing, (ii) immediately after giving effect to such designation, on a Pro Forma Basis, the Total Net Leverage Ratio shall not exceed 4.00 to 1.00 for the most recently ended Test Period and (iii) no Subsidiary may be designated as an Unrestricted Subsidiary or continue as an Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of any other Material Indebtedness of Holdings or the Borrower. The designation of any Subsidiary as an Unrestricted Subsidiary after the Effective Date shall constitute an Investment by the Borrower therein at the date of designation in an amount equal to the Fair Market Value of the Borrower’s or their respective subsidiaries’ (as applicable) investment therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the Borrower in Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the Fair Market Value at the date of such designation of the Borrower’s or its Subsidiaries’ (as applicable) Investment in such Subsidiary. Notwithstanding the foregoing, (i) no Loan Party shall sell, transfer or dispose of, or grant an exclusive license of, Intellectual Property that the Borrower determines in good faith is material to ongoing business of Holdings and its Restricted Subsidiaries taken as a whole (“Material Intellectual Property”) to an Unrestricted Subsidiary (whether by way of an investment, asset sale or other transfer or by the designation of a Restricted Subsidiary as a unrestricted subsidiary). SECTION 5.14 Certain Post-Closing Obligations. As promptly as practicable, and in any event within the time periods after the Effective Date specified in Schedule 5.14 or such later date as the First Lien Administrative Agent agrees to in writing, including to reasonably accommodate circumstances unforeseen on the Effective Date, Holdings, the Borrower and each other


-123- Loan Party shall deliver the documents or take the actions specified on Schedule 5.14 that would have been required to be delivered or taken on the Effective Date, in each case except to the extent otherwise agreed by the First Lien Administrative Agent pursuant to its authority as set forth in the definition of the term “Collateral and Guarantee Requirement.” SECTION 5.15 Lines of Business. Holdings, the Borrower and the Restricted Subsidiaries, taken as a whole, will not fundamentally and substantively alter the character of their business, taken as a whole, from the business conducted by them on the Effective Date and other business activities which are extensions thereof or otherwise incidental, reasonably related or ancillary to any of the foregoing SECTION 5.16 Anti-Corruption; Anti-Money Laundering; Sanctions. Holdings and the Borrower shall: (i) continue to maintain in effect and enforce, or remain subject to, and shall procure that each of the Subsidiaries continues to maintain in effect and enforces or remains subject to, policies and procedures designed to promote and achieve compliance by Holdings, the Borrower and the Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws, applicable Anti- Money Laundering Laws and applicable Sanctions; and (ii) promptly notify the First Lien Administrative Agent in the event that it or any of its directors, officers or employees becomes subject to any action, proceeding, litigation, claim or investigation with regard to any actual or alleged violation of Sanctions, Anti-Corruption Laws or Anti- Money Laundering Laws. ARTICLE VI NEGATIVE COVENANTS From and after the Effective Date and until the Termination Date, each of Holdings and the Borrower covenants and agrees with the Lenders that: SECTION 6.01 Indebtedness; Certain Equity Securities. (a) Holdings will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except: (i) Indebtedness of Holdings and any of the Restricted Subsidiaries under the First Lien Loan Documents (including any Indebtedness incurred pursuant to Section 2.20 or 2.21); (ii) Indebtedness, including intercompany Indebtedness, outstanding on the Effective Date and listed on Schedule 6.01, and any Permitted Refinancing thereof; (iii) Guarantees by Holdings and any of the Restricted Subsidiaries in respect of Indebtedness of Holdings or any Restricted Subsidiary otherwise permitted hereunder; provided that (A) such Guarantee is otherwise permitted by Section 6.04, (B) no Guarantee by any Restricted Subsidiary of any Junior Financing shall be permitted unless such Restricted Subsidiary shall have also provided a Guarantee of the First Lien Loan Document Obligations pursuant to the First Lien Guarantee Agreement, and (C) if the Indebtedness being Guaranteed is subordinated to the First Lien Loan Document Obligations, such Guarantee shall be subordinated to the Guarantee of the First Lien Loan Document Obligations on terms at least as favorable to the Lenders as those contained in the subordination of such Indebtedness; (iv) Indebtedness of Holdings owing to any Restricted Subsidiary or of any Restricted Subsidiary owing to any other Restricted Subsidiary or Holdings, to the extent permitted by Section 6.04; provided that all such Indebtedness of any Loan Party owing to any Restricted Subsidiary that is not a Loan Party shall be subordinated to the First Lien Loan Document Obligations (to the extent any such Indebtedness is outstanding at any time after the date that is sixty (60) days after the Effective Date or such later date as the First Lien Administrative Agent may


-124- reasonably agree) (but only to the extent permitted by applicable law and not giving rise to adverse tax consequences) on terms (i) at least as favorable to the Lenders as those set forth in the form of intercompany note attached as Exhibit F or (ii) otherwise reasonably satisfactory to the First Lien Administrative Agent; (v) (A) Indebtedness (including Capital Lease Obligations and purchase money Indebtedness) incurred, issued or assumed by Holdings or any Restricted Subsidiary to finance the acquisition, purchase, lease, construction, repair, replacement or improvement of fixed or capital property, equipment or other assets; provided that such Indebtedness is incurred concurrently with or within 270 days after the applicable acquisition, purchase, lease, construction, repair, replacement or improvement, and (B) any Permitted Refinancing of any Indebtedness set forth in the immediately preceding clause (A) (or successive Permitted Refinancings thereof); provided, further that, at the time of any such incurrence of Indebtedness and after giving Pro Forma Effect thereto and the use of the proceeds thereof, the aggregate principal amount of Indebtedness that is outstanding in reliance on this clause (v) shall not exceed the greater of (A) $35,200,000 and (B) 20%of Consolidated EBITDA for the most recently ended Test Period as of such time; (vi) Indebtedness in respect of Swap Agreements incurred in the ordinary course of business and not for speculative purposes; (vii) (A) Indebtedness of Holdings, any Restricted Subsidiary or any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged, amalgamated or consolidated with or into Holdings or a Restricted Subsidiary) either (a) incurred or issued and/or (b) assumed after the Effective Date, in each case, in connection with any Permitted Acquisition or any other Investment permitted by Section 6.04; provided that, with respect to clause (a) above, (i) to the extent such obligor or any guarantor is a Loan Party, such Indebtedness is secured by the Collateral on a pari passu basis with the Secured Obligations, (ii) after giving effect to each such incurrence, issuance and/or assumption of such Indebtedness on a Pro Forma Basis, (I) the Senior Secured First Lien Net Leverage Ratio as of such time is less than or equal to 3.50 to 1.00 for the most recently ended Test Period, (II) Holdings shall be in Pro Forma Compliance with the Financial Performance Covenant for the most recently ended Test Period (regardless of whether such Financial Performance Covenant is applicable at such time) and (III) no Specified Event of Default shall exist or result therefrom (at the time of execution of a binding agreement in respect thereof), and (iii) with respect to any such Indebtedness outstanding in reliance on this clause (vii)(A)(a) or (vii)(B) (solely with respect to any Permitted Refinancing of any Indebtedness incurred pursuant to clause (vii)(A)(a)), (1) other than with respect to the Maturity Carveout Amount, such Indebtedness does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date (except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing that does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date), (2) other than with respect to the Maturity Carveout Amount, such Indebtedness does not have a shorter Weighted Average Life to Maturity than the Second Incremental Amendment Term Loans (except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing that does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date) and (3) the covenants, events of default and guarantees of such Indebtedness (excluding pricing, interest rate margins, rate floors, discounts, fees, premiums and prepayment or redemption provisions) are not materially more favorable (when taken as a whole) to the lenders or investors providing such Indebtedness than the terms and conditions of this Agreement (when taken as a whole) are to the Lenders (unless (1) Lenders under the existing Term Loans and Revolving Commitments, also receive the benefit of such more favorable terms (together with, at the election of the Borrower, any applicable “equity cure” provisions with respect to any financial maintenance covenant) (it being understood that, to the extent that any covenant, event of default or guarantee is added or modified for the benefit of any such Indebtedness, no consent shall be required from the First Lien Administrative Agent or any Lender to the extent that such covenant, event of default or guarantee is either (i) also added or modified for the benefit of any corresponding Loans remaining outstanding after the issuance or incurrence of any such Indebtedness in connection therewith or (ii) with respect to any “springing” financial maintenance covenant or other covenant that is (x) more restrictive on Holdings and its Restricted Subsidiaries than the Financial Performance Covenant or other corresponding covenant hereunder and (y) only applicable to, or for the benefit of, a revolving credit facility, also added for the benefit of each revolving credit facility hereunder (and not for the benefit of any term loan facility hereunder)), (2) such provisions are applicable only to periods after the Latest Maturity Date at such time, or (3) such terms are otherwise reasonably satisfactory to the First


-125- Lien Administrative Agent and the Borrower); provided that a certificate of a Responsible Officer of Holdings delivered to the First Lien Administrative Agent promptly after the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or copies of the principal documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement, shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the First Lien Administrative Agent notifies the Borrower within five (5) Business Days that it disagrees with such determination (including a reasonable description of the basis upon which it disagrees); and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (vii)(A)(a) or (vii)(B) (solely with respect to any Permitted Refinancing of any Indebtedness incurred pursuant to clause (vii)(A)(a)) (together with the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on Sections 6.01(a)(viii), 6.01(a)(ix), 6.01(a)(xv) and 6.01(a)(xxi)) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of (A) $17,800,000 and (B) 10% of Consolidated EBITDA for the most recently ended Test Period as of such time; (viii) (A) Indebtedness of Holdings, any Restricted Subsidiary or any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged, amalgamated or consolidated with or into Holdings or a Restricted Subsidiary) either (a) incurred or issued and/or (b) assumed after the Effective Date, in each case, in connection with any Permitted Acquisition or any other Investment permitted by Section 6.04; provided that, with respect to clause (a) above, (i) to the extent such obligor or any guarantor is a Loan Party, such Indebtedness is secured by the Collateral on a junior or subordinated basis to the Secured Obligations, (ii) after giving effect to each such incurrence and/or issuance of such Indebtedness on a Pro Forma Basis, at the Borrower’s option, either (X) the Senior Secured Net Leverage Ratio as of such time is less than or equal to 4.50 to 1.00 for the most recently ended Test Period or (Y) the Interest Coverage Ratio as of such time is not less than 2.00 to 1.00 for the most recently ended Test Period and (iii) with respect to any such Indebtedness outstanding in reliance on this clause (viii)(A)(a) or (vii)(B) (solely with respect to any Permitted Refinancing of any Indebtedness incurred pursuant to clause (viii)(A)(a)), (1) other than with respect to the Maturity Carveout Amount, such Indebtedness does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date (except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing that does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date), (2) other than with respect to the Maturity Carveout Amount, such Indebtedness does not have a shorter Weighted Average Life to Maturity than the Second Incremental Amendment Term Loans (except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing Indebtedness which does not have a shorter Weighted Average Life to Maturity than the Second Incremental Amendment Term Loans), (3) the other the terms and conditions of such Indebtedness shall be as determined by the Borrower and the lenders providing such Indebtedness (subject to the restrictions and exceptions set forth above) and (4) with respect to clause (b) above, such Indebtedness is and remains the obligation of the Person and/or such Person’s subsidiaries that are acquired and such Indebtedness was not incurred in anticipation of such Permitted Acquisition or Investment; and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (viii)(A)(a) or (viii)(B) (solely with respect to any Permitted Refinancing of any Indebtedness incurred pursuant to clause (viii)(A)(a)) (together with the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance Sections 6.01(a)(vii), 6.01(a)(ix) 6.01(a)(xv) and 6.01(a)(xxi)) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of (A) $17,800,000 and (B) 10% of Consolidated EBITDA for the most recently ended Test Period as of such time; (ix) (A) Indebtedness of Holdings, any Restricted Subsidiary or any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged, amalgamated or consolidated with or into Holdings or a Restricted Subsidiary) either (a) incurred or issued and/or (b) assumed after the Effective Date, in each case, in connection with any Permitted Acquisition or any other Investment permitted by Section 6.04; provided that (i) such Indebtedness is unsecured, (ii) after giving effect to each such incurrence, issuance and/or assumption of such Indebtedness (X) on a Pro Forma Basis, at the Borrower’s option, either (1) the Total Net


-126- Leverage Ratio as of such time is less than or equal to 4.50 to 1.00 for the most recently ended Test Period or (2) the Interest Coverage Ratio as of such time is not less than either 2.00 to 1.00 for the most recently ended Test Period, (Y) Holdings shall be in Pro Forma Compliance with the Financial Performance Covenant for the most recently ended Test Period (regardless of whether such Financial Performance Covenant is applicable at such time) and (Z) no Specified Event of Default shall exist or result therefrom, and (iii) with respect to any such Indebtedness outstanding in reliance on this clause (i)(A)(a) or (vii)(B) (solely with respect to any Permitted Refinancing of any Indebtedness incurred pursuant to clause (ix)(A)(a)), (1) other than with respect to the Maturity Carveout Amount, such Indebtedness does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date (except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing that does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date) and (2) the covenants, events of default and guarantees of such Indebtedness (excluding pricing, interest rate margins, rate floors, discounts, fees, premiums and prepayment or redemption provisions) are not materially more favorable (when taken as a whole) to the lenders or investors providing such Indebtedness than the terms and conditions of this Agreement (when taken as a whole) are to the Lenders (unless (I) Lenders under the existing Term Loans and Revolving Commitments also receive the benefit of such more favorable terms (together with, at the election of the Borrower, any applicable “equity cure” provisions with respect to any financial maintenance covenant) (it being understood that, to the extent that any covenant, event of default or guarantee is added or modified for the benefit of any such Indebtedness, no consent shall be required from the First Lien Administrative Agent or any Lender to the extent that such covenant, event of default or guarantee is either (i) added or modified for the benefit of any corresponding Loans remaining outstanding after the issuance or incurrence of any such Indebtedness in connection therewith or (ii) with respect to any “springing” financial maintenance covenant or other covenant that is (x) more restrictive on Holdings and its Restricted Subsidiaries than the Financial Performance Covenant or other corresponding covenant hereunder and (y) only applicable to, or for the benefit of, a revolving credit facility, in each case added for the benefit of each revolving credit facility hereunder (and not for the benefit of any term loan facility hereunder)), (II) such provisions are applicable only to periods after the Latest Maturity Date at such time, or (III) such terms are otherwise reasonably satisfactory to the First Lien Administrative Agent and the Borrower); provided that a certificate of a Responsible Officer of the Borrower delivered to the First Lien Administrative Agent promptly after the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or copies of the principal documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement, shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the First Lien Administrative Agent notifies the Borrower within five (5) Business Days that it disagrees with such determination (including a reasonable description of the basis upon which it disagrees); and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (ix)(A)(a) or (ix)(B) (solely with respect to any Permitted Refinancing of any Indebtedness incurred pursuant to clause (ix)(A)(a)) (together with the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance Sections 6.01(a)(vii), 6.01(a)(viii), 6.01(a)(xv) and 6.01(a)(xxi)) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of (A) $17,800,000 and (B) 10% of Consolidated EBITDA for the most recently ended Test Period as of such time; (x) Indebtedness incurred by a Restricted Subsidiary in connection with bankers’ acceptances, discounted bills of exchange or the discounting or factoring of receivables for credit management purposes, in each case incurred or undertaken in the ordinary course of business on arm’s length commercial terms on a non-recourse basis; (xi) Settlement Indebtedness; (xii) Indebtedness in respect of Cash Management Obligations and other Indebtedness in respect of netting services, automated clearinghouse arrangements, overdraft protections and similar arrangements, in each case, in connection with deposit accounts or from the honoring of a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business;


-127- (xiii) Indebtedness consisting of obligations under deferred compensation (including indemnification obligations, obligations in respect of purchase price adjustments, earn-outs, incentive non-competes and other contingent obligations) or other similar arrangements incurred or assumed in connection with any Permitted Acquisition, any other Investment or any Disposition, in each case, permitted under this Agreement; (xiv) Indebtedness of Holdings or any Restricted Subsidiary or any Person that becomes a Restricted Subsidiary after the Effective Date (or of any Person not previously a Restricted Subsidiary that is merged, amalgamated or consolidated with or into Holdings or any Restricted Subsidiary) which Indebtedness is either (A) unsecured or (B) (x) if the issuer or any guarantor of such Indebtedness is a Loan Party and such Indebtedness is secured, then such Indebtedness is secured on a junior basis to the Secured Obligations and the agent for the holders of which have entered into the First/Second Lien Intercreditor Agreement and/or Customary Intercreditor Agreement reflecting such ranking or (y) if neither the issuer of such Indebtedness nor any guarantor of such Indebtedness is a Loan Party, secured; provided that, at the time of the incurrence thereof and after giving Pro Forma Effect thereto, the aggregate principal amount of Indebtedness outstanding in reliance on this clause (xiv) shall not exceed the greater of (A) $44,500,000 and (B) 25% of Consolidated EBITDA for the most recently ended Test Period as of such time; (xv) (A) Indebtedness of Holdings or any of the Restricted Subsidiaries or any Person that becomes a Restricted Subsidiary after the Effective Date (or of any Person not previously a Restricted Subsidiary that is merged, amalgamated or consolidated with or into Holdings or a Restricted Subsidiary); provided that (1) (x) if such Indebtedness is secured by the Collateral on a pari passu basis with the Secured Obligations, after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis, the Senior Secured First Lien Net Leverage Ratio as of such time is less than or equal to 3.50 to 1.00 for the most recently ended Test Period, (y) if such Indebtedness is secured on a junior basis to the Secured Obligations and the agent for such Indebtedness has become a party to the First/Second Lien Intercreditor Agreement and/or Customary Intercreditor Agreement reflecting such ranking ; provided that (i) after giving effect to such incurrence, issuance and/or assumption of such Indebtedness on a Pro Forma Basis, the Senior Secured Net Leverage Ratio as of such time is less than or equal to 4.50 to 1.00 for the most recently ended Test Period and (z) if such Indebtedness is unsecured, after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis, at the Borrower’s option, either (x) the Total Net Leverage Ratio as of such time is less than or equal to 4.50 to 1.00 for the most recently ended Test Period or (y) the Interest Coverage Ratio as of such time is no less than 2.00 to 1.00 for the most recently ended Test Period and (2) other than with respect to the Maturity Carveout Amount, except for any Indebtedness assumed in connection with any Permitted Acquisition or any other Investment permitted by Section 6.04, (i) such Indebtedness does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date (except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing that does not mature earlier than the Term Maturity Date as of the Second Incremental Amendment Effective Date) and (ii) the covenants, events of default and/or guarantees of such Indebtedness (excluding pricing, interest rate margins, rate floors, discounts, fees, premiums and prepayment or redemption provisions) are not materially more favorable (when taken as a whole) to the lenders or investors providing such Indebtedness than the terms and conditions of this Agreement (when taken as a whole) are to the Lenders (unless (I) Lenders under the existing Term Loans and Revolving Commitments also receive the benefit of such more favorable terms (together with, at the election of the Borrower, any applicable “equity cure” provisions with respect to any financial maintenance covenant) (it being understood that, to the extent that any covenant, event of default or guarantee is added or modified for the benefit of any such Indebtedness, no consent shall be required from the First Lien Administrative Agent or any Lender to the extent that such covenant, event of default or guarantee is either (i) added or modified for the benefit of any corresponding Loans remaining outstanding after the issuance or incurrence of any such Indebtedness in connection therewith or (ii) with respect to any “springing” financial maintenance covenant or other covenant that is (x) more restrictive on Holdings and its Restricted Subsidiaries than the Financial Performance Covenant or other corresponding covenant hereunder and (y) only applicable to, or for the benefit of, a revolving credit facility, in each case added for the benefit of each revolving credit facility hereunder (and not for the benefit of any term loan facility hereunder)), (II) such provisions are applicable only to periods after the Latest Maturity Date at such time, or (III) such terms are otherwise reasonably satisfactory to the First Lien Administrative Agent and the Borrower); provided that a certificate of a Responsible Officer of the Borrower delivered to the First Lien Administrative Agent promptly after the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or copies of the principal documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement, shall be conclusive evidence that such terms and conditions satisfy the foregoing


-128- requirement unless the First Lien Administrative Agent notifies the Borrower within five (5) Business Days that it disagrees with such determination (including a reasonable description of the basis upon which it disagrees); and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (xv) except for any Indebtedness assumed in connection with any Permitted Acquisition or any other Investment permitted by Section 6.04 (together with the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance Sections 6.01(a)(vii), 6.01(a)(viii), 6.01(a)(ix) and 6.01(a)(xxi)) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of (A) $17,800,000 and (B) 10% of Consolidated EBITDA for the most recently ended Test Period; (xvi) [reserved] (xvii) Indebtedness consisting of (A) the financing of insurance premiums or (B) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business; (xviii) Indebtedness supported by a Letter of Credit, in a principal amount not to exceed the face amount of such Letter of Credit; (xix) Permitted Unsecured Refinancing Debt, and any Permitted Refinancing thereof; (xx) Permitted First Priority Refinancing Debt and Permitted Second Priority Refinancing Debt, and any Permitted Refinancing of any of the foregoing; (xxi) (A) Indebtedness of Holdings or any Subsidiary Loan Party issued in lieu of First Lien Incremental Facilities consisting of (i) one or more series of secured or unsecured loans, bonds, notes or debentures (which loans, bonds, notes or debentures, if secured, may be secured either by Liens pari passu with the Liens on the Collateral securing the Secured Obligations or by Liens having a junior priority relative to the Liens on the Collateral securing the Secured Obligations) (and any Registered Equivalent Notes issued in exchange therefor) or (ii) one or more series of secured or unsecured loans, bonds, notes or debentures (which loans, bonds, notes or debentures, if secured, may be secured by Liens having a junior priority relative to the Liens on the Collateral securing the Secured Obligations) (the “Incremental Equivalent Debt”); provided that (w) Incremental Equivalent Debt in the form of term loans that are secured by Liens on a pari passu basis with the Liens on the Collateral securing the Secured Obligations shall be subject to the First Lien MFN Protection (pursuant to the terms and with the exceptions set forth in the definition thereof), (x) the aggregate principal amount of all such Indebtedness incurred pursuant to this clause shall not exceed, at the time of incurrence, the Incremental Cap at such time and (y) such Indebtedness complies with the provisions of the Required Additional Debt Terms (provided that clause (e) of the definition of “Required Additional Debt Terms” shall not apply to such Incremental Equivalent Debt) and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (xxi) (together with the aggregate principal amount of Indebtedness incurred in reliance on Sections 6.01(a)(vii), 6.01(a)(viii), 6.01(a)(ix) and 6.01(a)(xv) and outstanding of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of (A) $17,800,000 and (B) 10% of Consolidated EBITDA for the most recently ended Test Period; (xxii) Indebtedness of any Restricted Subsidiary that is not a Loan Party; provided that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (xxii) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of (A) $17,800,000 and (B) 10% of Consolidated EBITDA for the most recently ended Test Period as of such time; (xxiii) Indebtedness incurred by Holdings or any Restricted Subsidiary in respect of letters of credit, bank guarantees, warehouse receipts, bankers’ acceptances or similar instruments issued or created in the ordinary course of business or consistent with past practice, including in respect of workers compensation claims, health,


-129- disability or other employee benefits or property, casualty or liability insurance or self-insurance or other reimbursement-type obligations regarding workers compensation claims; (xxiv) Indebtedness and obligations in respect of self-insurance and obligations in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar obligations provided by Holdings or any Restricted Subsidiary or obligations in respect of letters of credit, bank guarantees or similar instruments related thereto, in each case, in the ordinary course of business or consistent with past practice; (xxv) Indebtedness representing deferred compensation or stock-based compensation owed to employees, consultants or independent contractors of Holdings, the Borrower or the Restricted Subsidiaries incurred in the ordinary course of business or consistent with past practice; (xxvi) Indebtedness consisting of unsecured promissory notes issued by Holdings or any Restricted Subsidiary to future, current or former officers, directors, employees, managers and consultants or their respective estates, spouses or former spouses, successors, executors, administrators, heirs, legatees or distributees, in each case to finance the purchase or redemption of Equity Interests of Holdings (or any direct or indirect parent thereof) to the extent permitted by Section 6.07(a); (xxvii) Indebtedness incurred in connection with a Qualified Securitization Facility; provided that, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the aggregate amount of obligations secured by all Indebtedness incurred in reliance on this clause (xxvii) shall not exceed the greater of (A) $26,700,000 and (B) 15% of Consolidated EBITDA for the most recently ended Test Period; (xxviii) other Indebtedness; provided that, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the aggregate amount of all Indebtedness incurred in reliance on this clause (xxviii) shall not exceed the greater of (A) $53,400,000 and (B) 30% of Consolidated EBITDA for the most recently ended Test Period; and (xxix) Indebtedness and obligations in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar obligations provided by Holdings or any Restricted Subsidiary or obligations in respect of letters of credit, bank guarantees or similar instruments related thereto in connection with the SNIA Litigation (“SNIA LCs”); provided that, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the aggregate amount of all Indebtedness and obligations incurred in reliance on this clause (xxix) (without duplication for the amount of SNIA LCs that backstop other SNIA LCs) shall not exceed the amount of the judgment in respect of the SNIA Litigation that is disclosed in the Form 10-K for Holdings filed with the SEC for the fiscal year ended December 31, 2021; and (xxx) all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent interest on obligations described in clauses (i) through (xxix) above. (b) Holdings will not, and will not permit any Restricted Subsidiary to, issue any preferred Equity Interests or any Disqualified Equity Interests, except (A) in the case of Holdings, preferred Equity Interests that are Qualified Equity Interests and (B) (x) preferred Equity Interests issued to and held by Holdings, the Borrower or any Restricted Subsidiary and (y) other preferred Equity Interests issued to and held by joint venture partners after the Effective Date; provided that in the case of this clause (y) any such issuance of preferred Equity Interests shall be deemed to be incurred Indebtedness and subject to the provisions set forth in Section 6.01(a) and (b). For purposes of determining compliance with this Section 6.01, (i) in the event that an item of Indebtedness (or any portion thereof) meets the criteria of more than one of the categories of Indebtedness described in clauses (a)(i) through (a)(xxx) above, the Borrower may, in its sole discretion, at the time of incurrence, divide, classify or reclassify, or at any later time divide, classify or reclassify, such item of Indebtedness (or any portion thereof) and will only be required to include the amount and type of such Indebtedness in one or more of the above clauses; provided that all Indebtedness outstanding under the First Lien Loan Documents will be deemed to have been incurred in reliance only on the exception in clause (a)(i).


-130- SECTION 6.02 Liens. Holdings will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned (but not leased) or hereafter acquired (but not leased) by it, except: (i) Liens created under the First Lien Loan Documents; (ii) Permitted Encumbrances; (iii) Liens existing on the Effective Date; provided that any Lien securing Indebtedness or other obligations in excess of $1,000,000 individually shall only be permitted if set forth on Schedule 6.02 (unless such Lien is permitted by another clause in this Section 6.02) and any modifications, replacements, renewals or extensions thereof; provided further that such modified, replacement, renewal or extension Lien does not extend to any additional property other than (1) after-acquired property that is affixed or incorporated into the property covered by such Lien or financed by Indebtedness permitted under Section 6.01 and (2) proceeds and products thereof; (iv) Liens securing Indebtedness permitted under Section 6.01(a)(v); provided that (A) such Liens attach concurrently with or within 270 days after the acquisition, repair, replacement, construction or improvement (as applicable) of the property subject to such Liens, (B) such Liens do not at any time encumber any property other than the property financed by such Indebtedness except for replacements, additions, accessions and improvements to such property and the proceeds and the products thereof, and any lease of such property (including accessions thereto) and the proceeds and products thereof and customary security deposits and (C) with respect to Capital Lease Obligations, such Liens do not at any time extend to or cover any assets (except for replacements, additions, accessions and improvements to or proceeds of such assets) other than the assets subject to such Capital Lease Obligations; provided further that individual financings of equipment provided by one lender may be cross collateralized to other financings of equipment provided by such lender; (v) (i) easements, leases, licenses, subleases or sublicenses granted to others (including licenses and sublicenses of Intellectual Property) that do not (A) interfere in any material respect with the business of the Holdings and the Restricted Subsidiaries, taken as a whole, or (B) secure any Indebtedness and (ii) any interest or title of a lessor, sublessor or licensee under any lease, sublease (including financing statements regarding property subject to lease) or license entered into by Holdings or any Restricted Subsidiary not in violation of this Agreement; (vi) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; (vii) Liens (A) of a collection bank arising under Section 4-210 of the Uniform Commercial Code, or any comparable or successor provision, on items in the course of collection; (B) attaching to pooling, commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business; or (C) in favor of a banking or other financial institution or entity, or electronic payment service provider, arising as a matter of law encumbering deposits (including the right of setoff) and that are within the general parameters customary in the banking or finance industry; (viii) Liens (A) on cash advances or escrow deposits in favor of the seller of any property to be acquired in an Investment permitted pursuant to Section 6.04 to be applied against the purchase price for such Investment or otherwise in connection with any escrow arrangements with respect to any such Investment or any Disposition permitted under Section 6.05 (including any letter of intent or purchase agreement with respect to such Investment or Disposition), or (B) consisting of an agreement to dispose of any property in a Disposition permitted under Section 6.05, in each case, solely to the extent such Investment or Disposition, as the case may be, would have been permitted on the date of the creation of such Lien; (ix) Liens on property or other assets of any Restricted Subsidiary that is not a Loan Party, which Liens secure Indebtedness of such Restricted Subsidiary or another Restricted Subsidiary that is not a Loan Party, in


-131- each case permitted under Section 6.01(a), provided that, at the time of the granting thereof and after giving Pro Forma Effect thereto, the aggregate amount of obligations secured by all Liens incurred in reliance on this clause (ix) shall not exceed the greater of (A) $17,800,000 and (B) 10% of Consolidated EBITDA for the most recently ended Test Period (provided that, with respect to any such obligation, the amount of such obligation shall be the lesser of (x) the outstanding face amount of such obligation and (y) the fair market value of the assets securing such obligation); (x) Liens granted by a Restricted Subsidiary that is not a Loan Party in favor of any Restricted Subsidiary and Liens granted by a Loan Party in favor of any other Loan Party; (xi) Liens existing on property or other assets at the time of its acquisition or existing on the property or other assets of any Person at the time such Person becomes a Restricted Subsidiary, in each case after the Effective Date and any modifications, replacements, renewals or extensions thereof; provided that (A) such Lien was not created in contemplation of such acquisition or such Person becoming a Restricted Subsidiary and (B) such Lien does not extend to or cover any other assets or property (other than any replacements of such property or assets and additions and accessions thereto, the proceeds or products thereof and other than after-acquired property subject to a Lien securing Indebtedness and other obligations incurred prior to such time and which Indebtedness and other obligations are permitted hereunder that require or include, pursuant to their terms at such time, a pledge of after- acquired property, it being understood that such requirement shall not be permitted to apply to any property to which such requirement would not have applied but for such acquisition); (xii) Liens on cash, Permitted Investments or other marketable securities securing Letters of Credit of any Loan Party that are cash collateralized on the Effective Date in an amount of cash, Permitted Investments or other marketable securities with a Fair Market Value of up to 105% of the face amount of such Letters of Credit being secured; (xiii) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale or purchase of goods by any of Holdings or any Restricted Subsidiary in the ordinary course of business; (xiv) Liens deemed to exist in connection with Investments in repurchase agreements under clause (e) of the definition of the term “Permitted Investments”; (xv) Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; (xvi) Liens that are contractual rights of setoff (A) relating to the establishment of depository relations with banks not given in connection with the incurrence of Indebtedness, (B) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of Holdings and the Restricted Subsidiaries or (C) relating to purchase orders and other agreements entered into with customers of Holdings or any Restricted Subsidiary in the ordinary course of business; (xvii) ground leases in respect of real property on which facilities owned or leased by Holdings or any of the Restricted Subsidiaries are located; (xviii) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto; (xix) Liens securing Indebtedness permitted under Section 6.01(a)(xxi), 6.01(a)(xxiii) or 6.01(a)(xxix); (xx) Liens securing Indebtedness on real property other than Material Real Property (except as required by this Agreement); (xxi) Settlement Liens;


-132- (xxii) Liens securing Indebtedness permitted under Section 6.01(a)(vii), (viii), (xv) or (xviii) (provided any such Liens on Collateral shall be subject to First/Second Lien Intercreditor Agreement and/or Customary Intercreditor Agreement); (xxiii) [Reserved]; (xxiv) Liens on cash and Permitted Investments used to satisfy or discharge Indebtedness; provided such satisfaction or discharge is permitted hereunder; (xxv) Receipt of progress payments and advances from customers in the ordinary course of business to the extent the same creates a Lien on the related inventory and proceeds thereof; (xxvi) Liens on Equity Interests of any joint venture (a) securing obligations of such joint venture or (b) pursuant to the relevant joint venture agreement or arrangement; (xxvii) Liens on cash or Permitted Investments securing Swap Agreements in the ordinary course of business submitted for clearing in accordance with applicable Requirements of Law; provided that the aggregate outstanding amount of obligations secured by Liens existing in reliance on this clause (xxvii) shall not exceed $7,850,000; (xxviii) other Liens; provided that, at the time of the granting thereof and after giving Pro Forma Effect thereto, the aggregate amount of obligations secured by all Liens incurred in reliance on this clause (xxviii) shall not exceed the greater of (A) $17,800,000 and (B) 10% of Consolidated EBITDA for the most recently ended Test Period (provided that, with respect to any such obligation, the amount of such obligation shall be the lesser of (x) the outstanding face amount of such obligation and (y) the fair market value of the assets securing such obligation); provided, further, that no such Liens under this clause (xxviii) shall encumber any Material Real Property (except as required by this Agreement); and (xxix) Liens on accounts receivable, Securitization Assets and related assets incurred in connection with a Qualified Securitization Facility. SECTION 6.03 Fundamental Changes. (a) Holdings will not, and will not permit any Restricted Subsidiary to, merge into or amalgamate or consolidate with any other Person, or permit any other Person to merge into or amalgamate or consolidate with it, or liquidate or dissolve (which, for the avoidance of doubt, shall not restrict Holdings or any Restricted Subsidiary from changing its organizational form), except that: (i) any Restricted Subsidiary may merge, amalgamate or consolidate with (A) the Borrower; provided that the Borrower shall be the continuing or surviving Person, or (B) Holdings or any one or more Restricted Subsidiaries (other than the Borrower); provided, further, that when Holdings or any Subsidiary Loan Party is merging, amalgamating or consolidating with another Restricted Subsidiary (1) the continuing or surviving Person shall be Holdings or that Subsidiary Loan Party or (2) if the continuing or surviving Person is not a Subsidiary Loan Party, the acquisition of such Subsidiary Loan Party by such surviving Restricted Subsidiary is otherwise permitted under Section 6.04; (ii) (A) any Restricted Subsidiary that is not a Loan Party may merge, amalgamate or consolidate with or into any Restricted Subsidiary that is not a Loan Party and (B) (x) any Restricted Subsidiary (other than the Borrower) may liquidate or dissolve and (y) any Restricted Subsidiary may change its legal or organizational form if the Borrower determines in good faith that such action is in the best interests of Holdings and its Restricted Subsidiaries and is not materially disadvantageous to the Lenders; (iii) any Restricted Subsidiary may make a Disposition of all or substantially all of its assets (upon voluntary liquidation or otherwise) to Holdings or another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then (A) the transferee must be a Loan Party, (B) to the extent constituting an Investment,


-133- such Investment is a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04 or (C) to the extent constituting a Disposition to a Restricted Subsidiary that is not a Loan Party, such Disposition is for Fair Market Value (as determined in good faith by the Borrower) and any promissory note or other non-cash consideration received in respect thereof is a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04; (iv) the Borrower may merge, amalgamate or consolidate with (or Dispose of all or substantially all of its assets to) any other Person; provided that (A) the Borrower shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger, amalgamation or consolidation is not the Borrower or is a Person into which the Borrower has been liquidated (or, in connection with a Disposition of all or substantially all of the Borrower’s assets, if the transferee of such assets) (any such Person, the “Successor Borrower”), (1) the Successor Borrower shall be an entity organized or existing under the laws of the United States, (2) the Successor Borrower shall expressly assume all of the obligations of the Borrower under this Agreement and the other First Lien Loan Documents to which the Borrower is a party pursuant to a supplement hereto or thereto in form and substance reasonably satisfactory to the First Lien Administrative Agent, (3) each Loan Party other than the Borrower, unless it is the other party to such merger, amalgamation or consolidation, shall have reaffirmed, pursuant to an agreement in form and substance reasonably satisfactory to the First Lien Administrative Agent, that its Guarantee of and grant of any Liens as security for the Secured Obligations shall apply to the Successor Borrower’s obligations under this Agreement and (4) the Borrower shall have delivered to the First Lien Administrative Agent a certificate of a Responsible Officer of the Borrower and an opinion of counsel, each stating that such merger, amalgamation or consolidation complies with this Agreement; provided further that (y) if such Person is not a Loan Party, no Event of Default (or, to the extent related to a Limited Condition Transaction, no Specified Event of Default) shall exist after giving effect to such merger, amalgamation or consolidation and (z) if the foregoing requirements are satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement and the other First Lien Loan Documents; provided further that the Borrower shall have provided any documentation and other information about the Successor Borrower to the extent reasonably requested in writing promptly, and in any case within one Business Day following the delivery of the certificate in clause (4), by any Lender or Issuing Bank through the First Lien Administrative Agent that such Lender or Issuing Bank shall have reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including Title III of the USA PATRIOT Act (provided, that for the avoidance of doubt, the Borrower’s failure to deliver information requested after the first Business Day following delivery of the certificate in clause (4) above shall not constitute a Default or an Event of Default under this Agreement or the First Lien Loan Documents); (v) any Restricted Subsidiary may merge, consolidate or amalgamate with any other Person in order to effect an Investment permitted pursuant to Section 6.04; provided that the continuing or surviving Person shall be Holdings, the Borrower or a Restricted Subsidiary, which together with each of the Restricted Subsidiaries, shall have complied with the requirements of Sections 5.11 and 5.12; (vi) [reserved]; and (vii) any Restricted Subsidiary may effect a merger, amalgamation, dissolution, liquidation consolidation or amalgamation to effect a Disposition permitted pursuant to Section 6.05. SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions. Holdings will not, and will not permit any Restricted Subsidiary to, make or hold any Investment, except: (a) Permitted Investments at the time such Permitted Investment is made and purchases of assets in the ordinary course of business consistent with past practice; (b) loans or advances to officers, members of the Board of Directors and employees of Holdings, the Borrower and the Restricted Subsidiaries (i) for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business purposes, (ii) in connection with such Person’s purchase of Equity Interests of Holdings (or any direct or indirect parent thereof) (provided that the amount of such loans and advances made in cash to such Person shall be contributed to Holdings in cash as


-134- common equity or Qualified Equity Interests) and (iii) for purposes not described in the foregoing clauses (i) and (ii), in an aggregate principal amount outstanding under this clause (iii) at any time not to exceed $10,000,000; (c) Investments by Holdings in any Restricted Subsidiary and Investments by any Restricted Subsidiary in Holdings, any other Restricted Subsidiary or any Person that becomes a Restricted Subsidiary after the Effective Date as a result of such Investment (but only to the extent that such Investment was not incurred in contemplation thereof); provided that, in the case of any Investment by a Loan Party in a Restricted Subsidiary that is not a Loan Party, no Event of Default shall have occurred and be continuing or would result therefrom; (d) Investments consisting of extensions of trade credit and accommodation guarantees in the ordinary course of business; (e) Investments (i) existing or contemplated on the Effective Date and set forth on Schedule 6.04 and any modification, replacement, renewal, reinvestment or extension thereof and (ii) Investments existing on the Effective Date by Holdings or any Restricted Subsidiary in Holdings or any Restricted Subsidiary and any modification, renewal or extension thereof; provided that the amount of the original Investment is not increased except by the terms of such Investment to the extent as set forth on Schedule 6.04 or as otherwise permitted by this Section 6.04; (f) Investments in Swap Agreements incurred in the ordinary course of business and not for speculative purposes; (g) promissory notes and other non-cash consideration received in connection with Dispositions permitted by Section 6.05; (h) Permitted Acquisitions; (i) the Transactions; (j) Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection or deposit and Uniform Commercial Code Article 4 customary trade arrangements with customers in the ordinary course of business; (k) Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers or upon the foreclosure with respect to any secured Investment or other transfer of title with respect to any secured Investment; (l) Investments consisting of the 2020 Capped Call Transactions and any Convertible Indebtedness Call Transactions; (m) additional Investments and other acquisitions; provided that at the time any such Investment or other acquisition is made, the aggregate outstanding amount of such Investment or acquisition made in reliance on this clause (m), together with the aggregate amount of all consideration paid in connection with all other Investments and acquisitions made in reliance on this clause (m) (including the aggregate principal amount of all Indebtedness assumed in connection with any such other Investment or acquisition previously made under this clause (m)), shall not exceed the greater of (A) $53,400,000 and (B) 30% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma Effect to the making of such Investment or other acquisition; (n) advances of payroll payments to employees in the ordinary course of business;


-135- (o) Investments and other acquisitions to the extent that payment for such Investments is made with Qualified Equity Interests (excluding Qualified Equity Interests the proceeds of which will be applied as Cure Amounts) of Holdings (or any direct or indirect parent thereof); (p) Investments of a Subsidiary acquired after the Effective Date or of a Person merged, amalgamated or consolidated with any Subsidiary in accordance with this Section 6.04 and Section 6.03 after the Effective Date or that otherwise becomes a Subsidiary (provided that if such Investment is made under Section 6.04(h), existing Investments in subsidiaries of such Subsidiary or Person shall comply with the requirements of Section 6.04(h)) to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation; (q) receivables owing to Holdings or any Restricted Subsidiary, if created or acquired in the ordinary course of business; (r) Investments (A) for utilities, security deposits, leases and similar prepaid expenses incurred in the ordinary course of business and (B) trade accounts created, or prepaid expenses accrued, in the ordinary course of business; (s) non-cash Investments in connection with tax planning and reorganization activities; provided that after giving effect to any such activities, the security interests of the Lenders in the Collateral, taken as a whole, would not be materially impaired; (t) additional Investments so long as at the time of any such Investment and after giving effect thereto, (A) on a Pro Forma Basis, the TotalSenior Secured Net Leverage Ratio is no greater than 3.003.50 to 1.00 for the most recently ended Test Period and (B) no Specified Event of Default exists or would result therefrom; (u) Investments consisting of Indebtedness, Liens, fundamental changes, Dispositions and Restricted Payments permitted (other than by reference to this Section 6.04(v)) under Sections 6.01, 6.02, 6.03, 6.05 and 6.07, respectively; (v) contributions to a “rabbi” trust for the benefit of employees, directors, consultants, independent contractors or other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of Holdings; (w) to the extent that they constitute Investments, purchases and acquisitions of inventory, supplies, materials or equipment or purchases, acquisitions, licenses or leases of other assets, Intellectual Property, or other rights, in each case in the ordinary course of business; (x) any Investment in any Subsidiary or any joint venture (i) entered into in connection with intercompany cash management arrangements or related activities arising in the ordinary course of business or (ii) not to exceed $30,000,000 at any time outstanding; (y) Investments by an Unrestricted Subsidiary (i) entered into prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary” or (ii) not to exceed $30,000,000 at any time outstanding; (z) Investments in or relating to a Securitization Subsidiary that, in the good faith determination of the Borrower are necessary or advisable to effect any Qualified Securitization Facility or any repurchase obligation in connection therewith, including, without limitation, Investments of funds held in accounts permitted or required by the arrangements governing such Qualified Securitization Facilities or any related Indebtedness; (aa) Investments in the ordinary course of business in connection with Settlements; and


-136- (bb) Investments in an aggregate amount equal to the portion, if any, of the Available Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such Investment, so long as no Specified Event of Default shall have occurred and be continuing or would result therefrom. SECTION 6.05 Asset Sales. Holdings will not, and will not permit any Restricted Subsidiary to, (i) voluntarily sell, transfer, lease or otherwise dispose of any asset, including any Equity Interest owned by it or (ii) permit any Restricted Subsidiary to issue any additional Equity Interest in such Restricted Subsidiary (other than issuing directors’ qualifying shares, nominal shares issued to foreign nationals to the extent required by applicable Requirements of Law and other than issuing Equity Interests to Holdings or any Restricted Subsidiary in compliance with Section 6.04(c)) (each, a “Disposition” and the term “Dispose” as a verb has the corresponding meaning), except: (a) Dispositions of obsolete, damaged, used, surplus or worn out property, whether now owned or hereafter acquired, in the ordinary course of business and Dispositions of property no longer used or useful, or economically practicable to maintain, in the conduct of the core or principal business of Holdings and any Restricted Subsidiary (including by ceasing to enforce, abandoning, allowing to lapse, terminate or be invalidated, discontinuing the use or maintenance of or putting into the public domain, any Intellectual Property that is, in the reasonable judgment of Holdings or the Restricted Subsidiaries, no longer used or useful, or economically practicable to maintain, or in respect of which the Holdings or any Restricted Subsidiary determines in its reasonable business judgment that such action or inaction is desirable); (b) Dispositions of inventory and other assets (including Settlement Assets) or held for sale or no longer used in the ordinary course of business and immaterial assets (considered in the aggregate) in the ordinary course of business; (c) Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) an amount equal to Net Proceeds of such Disposition are promptly applied to the purchase price of such replacement property; (d) Dispositions of property to Holdings or any Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then either (i) the transferee must be a Loan Party, (ii) to the extent constituting an Investment, such Investment must be a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04 or (iii) such Disposition is for Fair Market Value (as determined in good faith by the Borrower) and to the extent constituting a Disposition to a Restricted Subsidiary that is not a Loan Party, any promissory note or other non-cash consideration received in respect thereof is a permitted investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04; (e) Dispositions permitted by Section 6.03, Investments permitted by Section 6.04, Restricted Payments permitted by Section 6.07 and Liens permitted by Section 6.02; (f) Dispositions of property acquired by Holdings or any of the Restricted Subsidiaries after the Effective Date pursuant to sale-leaseback transactions permitted pursuant to Section 6.06; (g) Dispositions of Permitted Investments; (h) Dispositions or forgiveness of accounts receivable in connection with the collection or compromise thereof (including sales to factors or other third parties); (i) leases, subleases, service agreements, product sales, licenses or sublicenses (including licenses and sublicenses of Intellectual Property), in each case that do not materially interfere with the business of Holdings, the Borrower and the Restricted Subsidiaries, taken as a whole; (j) transfers of property subject to Casualty Events;


-137- (k) Dispositions of property to Persons other than Restricted Subsidiaries (including the sale or issuance of Equity Interests of a Restricted Subsidiary) for Fair Market Value (as determined by a in good faith by the board of directors of the Borrower) not otherwise permitted under this Section 6.05; provided that with respect to any Disposition pursuant to this clause (k) for a purchase price in excess of $30,000,000, Holdings, the Borrower or such Restricted Subsidiaries shall receive not less than 75% of such consideration in the form of cash or Permitted Investments; provided, however, that solely for the purposes of this clause (k), (A) any liabilities (as shown on the most recent balance sheet of Holdings or such Restricted Subsidiary or in the footnotes thereto) of Holdings or such Restricted Subsidiary, other than liabilities that are by their terms subordinated in right of payment to the First Lien Loan Document Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which Holdings and all of the Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, shall be deemed to be cash, (B) any securities, notes or other obligations or assets received by Holdings, the Borrower or such Restricted Subsidiary from such transferee that are converted by Holdings or such Restricted Subsidiary into cash or Permitted Investments (to the extent of the cash or Permitted Investments received) within one hundred and eighty (180) days following the closing of the applicable Disposition, shall be deemed to be cash, (C) Indebtedness of any Restricted Subsidiary that ceases to be a Restricted Subsidiary as a result of such Disposition (other than intercompany debt owed to t Holdings or its Restricted Subsidiaries), to the extent that Holdings and all of the Restricted Subsidiaries (to the extent previously liable thereunder) are released from any guarantee of payment of the principal amount of such Indebtedness in connection with such Disposition, shall be deemed to be cash, (D) any Designated Non-Cash Consideration received by Holdings or such Restricted Subsidiary in respect of such Disposition having an aggregate Fair Market Value (as determined by a Responsible Officer of the Borrower in good faith), taken together with all other Designated Non-Cash Consideration received pursuant to this clause (k) that is at that time outstanding, not in excess of the greater of (A) $35,600,000 and (B) 20% of Consolidated EBITDA for the most recently ended Test Period at the time of the receipt of such Designated Non-Cash Consideration, with the Fair Market Value (as determined by a Responsible Officer of the Borrower in good faith) of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value, shall be deemed to be cash and (E) at the time of and immediately after giving effect to such Disposition, no Default or Event of Default shall have occurred and be continuing; (l) Dispositions of Investments in joint ventures to the extent required by, or made pursuant to customary buy/sell arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; (m) [reserved]; (n) additional Dispositions; provided that at the time any such Dispositions is made, the aggregate outstanding amount of such Dispositions made in reliance on this clause (n), together with the aggregate amount of all consideration paid in connection with all other Dispositions made in reliance on this clause (n), shall not exceed the sum of the greater of (A) $35,600,000 and (B) 20% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma Effect to the making of such Dispositions; provided that such Disposition is for Fair Market Value (as determined in good faith by the Borrower) ; (o) Dispositions of any assets (including Equity Interests) (A) acquired in connection with any Permitted Acquisition or other Investment permitted hereunder, which assets are not used or useful to the core or principal business of Holdings and the Restricted Subsidiaries and (B) made to obtain the approval of any applicable antitrust authority in connection with a Permitted Acquisition; (p) (i) any Disposition of accounts receivable, Securitization Assets, any participations thereof, or related assets in connection with or any Qualified Securitization Facility, (ii) the sale or discount of inventory, accounts receivable or notes receivable in the ordinary course of business (including sales to factors or other third parties) or in connection with any supplier and/or customer financing or (iii) the conversion of accounts receivable to notes receivable; (q) transfers of condemned real property as a result of the exercise of “eminent domain” or other similar powers to the respective Governmental Authority or agency that has condemned the same


-138- (whether by deed in lieu of condemnation or otherwise), and transfers of real property arising from foreclosure or similar action or that have been subject to a casualty to the respective insurer of such real property as part of an insurance settlement; and (r) non-exclusive licenses or sublicenses, or other similar grants of rights, to Intellectual Property in the ordinary course of business. SECTION 6.06 Sale/Leaseback Holdings will not, and will not permit any Restricted Subsidiary to, directly or indirectly, after the Effective Date, become liable as lessee with respect to any lease of property, whether an operating lease or a capital lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which Holdings or any of its Restricted Subsidiaries has sold or transferred or is to sell or transfer to a Person which is not Holdings or any Restricted Subsidiary of Holdings (such a transaction, a “Sale and Lease-Back Transaction”); provided that any Sale and Lease-Back Transaction shall be permitted so long as such Sale and Lease-Back Transaction is (A) permitted by Section 6.01(a)(v) and/or (B)(1) made for Cash consideration, (2) Holdings or its applicable Restricted Subsidiary would otherwise be permitted to enter into, and remain liable under, the applicable underlying lease and (3) the aggregate Fair Market Value (as determined by the a Responsible Officer of the Borrower) of the property sold pursuant to all such Sale and Lease-Back Transactions under this clause (B) (together with the aggregate principal amount of Dispositions made in reliance on Section 6.05(m)) shall not exceed the sum of the greater of (A) $35,600,000 and (B) 20% of Consolidated EBITDA at any time outstanding. Notwithstanding anything to the contrary in this Section 6.06, in no event shall the Borrower or any Restricted Subsidiary enter into Sale and Lease-Back Transaction with an Excluded Subsidiary with respect to any material Intellectual Property. SECTION 6.07 Restricted Payments; Certain Payments of Indebtedness. (a) Holdings will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except: (i) each Restricted Subsidiary may make Restricted Payments to Holdings or any Restricted Subsidiary, provided that in the case of any such Restricted Payment by a Restricted Subsidiary that is not a Wholly Owned Subsidiary, such Restricted Payment is made to Holdings, any Restricted Subsidiary and to each other owner of Equity Interests of such Restricted Subsidiary based on their relative ownership interests of the relevant class of Equity Interests; (ii) Holdings and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely in the Equity Interests of such Person; (iii) Restricted Payments made in connection with the Transactions; (iv) repurchases of Equity Interests in Holdings (or any direct or indirect parent of Holdings), the Borrower or any Restricted Subsidiary deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price or withholding Taxes payable in connection with the exercise of such options or warrants or other incentive interests; (v) Restricted Payments to Holdings, which Holdings may use to redeem, acquire, retire, repurchase or settle its Equity Interests (or any options, warrants, restricted stock or stock appreciation rights or similar securities issued with respect to any such Equity Interests) or Indebtedness or to service Indebtedness incurred by Holdings or any direct or indirect parent companies of Holdings to finance the redemption, acquisition, retirement, repurchase or settlement of such Equity Interest or Indebtedness (or make Restricted Payments to allow any of Holdings’ direct or indirect parent companies to so redeem, retire, acquire or repurchase their Equity Interests or their Indebtedness or to service Indebtedness incurred by Holdings to finance the redemption, acquisition, retirement, repurchase or settlement of such Equity Interests or Indebtedness or to service Indebtedness incurred to finance the redemption, retirement, acquisition or repurchase of such Equity Interests or Indebtedness), held directly or indirectly by current or former officers, managers, consultants, members of the Board of Directors, employees or independent


-139- contractors (or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees) of Holdings (or any direct or indirect parent thereof), the Borrower and the Restricted Subsidiaries, upon the death, disability, retirement or termination of employment of any such Person or otherwise in accordance with any stock option or stock appreciation rights plan, any management, director and/or employee stock ownership or incentive plan, stock subscription plan, employment termination agreement or any other employment agreements or equity holders’ agreement in an aggregate amount after the Effective Date together with the aggregate amount of loans and advances to Holdings made pursuant to Section 6.04(m) in lieu of Restricted Payments permitted by this clause (v) not to exceed $10,000,000 in any calendar year; provided that such amount in any calendar year may be increased by (1) an amount not to exceed the cash proceeds of key man life insurance policies received by the Borrower (or by Holdings (or any direct or indirect parent thereof) and contributed to Holdings) or the Restricted Subsidiaries after the Effective Date, or (2) the amount of any bona fide cash bonuses otherwise payable to members of the Board of Directors, consultants, officers, employees, managers or independent contractors of Holdings, the Borrower or any Restricted Subsidiary that are foregone in return for the receipt of Equity Interests, the Fair Market Value of which is equal to or less than the amount of such cash bonuses, which, if not used in any year, may be carried forward to any subsequent fiscal year; provided further that cancellation of Indebtedness owing to Holdings or any Restricted Subsidiary from members of the Board of Directors, consultants, officers, employees, managers or independent contractors (or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees) of Holdings, the Borrower or any Restricted Subsidiary in connection with a repurchase of Equity Interests of Holdings, or the Borrower (or any direct or indirect parent thereof) will not be deemed to constitute a Restricted Payment for purposes of this Section 6.07 or any other provisions of this Agreement. (vi) other Restricted Payments made by Holdings (i) in an amount not to exceed, at the time of the making such Restricted Payments and after giving Pro Forma Effect thereto, the greater of (A) $ 53,400,000 and (B) 30% of Consolidated EBITDA for the most recently ended Test Period or (ii) in an unlimited amount so long as (x) no Event of Default shall have occurred and be continuing or would result therefrom and (y) on a Pro Forma Basis, the Total Net Leverage Ratio is equal to or less than 2.25 to 1.00 for the most recently ended Test Period; (vii) Holdings and any Restricted Subsidiary may make Restricted Payments in cash to any direct or indirect parent of Holdings: (A) as distributions to such or any direct or indirect parent of Holdings in amounts required to pay with respect to any taxable period in which Holdings and/or any of its Subsidiaries is a member of (or Holdings is a disregarded entity for U.S. federal income tax purposes wholly owned by a member of) a consolidated, combined, unitary or similar tax group (a “Tax Group”) for U.S. federal and/or applicable foreign, state or local income tax purposes of which any direct or indirect parent of Holdings is the common parent, Taxes that are attributable to the taxable income, revenue, receipts, gross receipts, gross profits, capital or margin of Holdings and/or its Subsidiaries; provided that, for each taxable period, the amount of such payments made in respect of such taxable period in the aggregate shall not exceed the amount of such Taxes that Holdings and its Subsidiaries would have been required to pay if they were a stand-alone Tax Group with Holdings as the corporate common parent of such stand-alone Tax Group (reduced by any such taxes paid directly by Holdings or its Subsidiaries to the applicable Governmental Authority) (collectively, “Tax Distributions”); (B) the proceeds of which shall be used by such direct or indirect parent to pay (1) its operating expenses incurred in the ordinary course of business and other corporate overhead costs and expenses (including administrative, legal, accounting and similar expenses payable to third parties) that are reasonable and customary and incurred in the ordinary course of business, (2) any reasonable and customary indemnification claims made by members of the Board of Directors or officers, employees, directors, managers, consultants or independent contractors of such parent attributable to the ownership or operations of Holdings, the Borrower and the Restricted Subsidiaries, (3) fees and expenses (x) due and payable by Holdings and its Restricted Subsidiaries and (y) otherwise permitted to be paid by Holdings and any Restricted Subsidiaries under this Agreement, (4) [reserved] and (5) amounts that would otherwise be permitted to be paid pursuant to Section 6.08(iii) or 6.08(xi);


-140- (C) the proceeds of which shall be used by any direct or indirect parent of Holdings to pay franchise and similar Taxes, and other fees and expenses, required to maintain its corporate or other legal existence; (D) [reserved]; (E) the proceeds of which shall be used to pay fees and expenses related to any equity or debt offering permitted by this Agreement; (F) the proceeds of which shall be used to pay customary salary, bonus and other benefits payable to officers and employees of any direct or indirect parent company of Holdings to the extent such salaries, bonuses and other benefits are attributable to the ownership or operation of Holdings, the Borrower and the Restricted Subsidiaries; and (G) the proceeds of which shall be used to make payments permitted by clause (b)(iv) and (b)(v) of Section 6.07; (viii) in addition to the foregoing Restricted Payments and so long as (x) no Event of Default shall have occurred and be continuing or would result therefrom and (y) Holdings is in Pro Forma Compliance with the Financial Performance Covenant after giving effect to such Restricted Payments (regardless of whether such Financial Performance Covenant is applicable at such time) in an aggregate amount not to exceed the Available Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such Restricted Payment; (ix) redemptions in whole or in part of any of its Equity Interests for another class of its Equity Interests or with proceeds from substantially concurrent equity contributions or issuances of new Equity Interests; provided, that such new Equity Interests contain terms and provisions at least as advantageous to the Lenders in all respects material to their interests as those contained in the Equity Interests redeemed thereby; (x) payments made or expected to be made in respect of withholding or similar Taxes payable by any future, present or former employee, director, manager or consultant and any repurchases of Equity Interests in consideration of such payments including deemed repurchases in connection with the exercise of stock options and the vesting of restricted stock and restricted stock units; (xi) payments made or deemed to be made in connection with (i) the 2020 Exchangeable Notes and 2020 Capped Call Transactions and (ii) any Convertible Indebtedness and related Convertible Indebtedness Call Transactions; (xii) payments made or expected to be made by Holdings, the Borrower or any Restricted Subsidiary in respect of withholding or similar Taxes payable upon exercise of Equity Interests by any future, present or former employee, director, officer, manager or consultant (or their respective controlled Affiliates or permitted transferees) and any repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants or required withholding or similar Taxes; (xiii) [Reserved]; (xiv) the declaration and payment of a Restricted Payment on Holdings’ or the Borrower’s common stock (or the payment of Restricted Payments to Holdings or any direct or indirect parent company of Holdings to fund a payment of dividends on such company’s common stock) of up to 5.0% per annum of Market Capitalization of Holdings; and (xv) any distributions or payments of Securitization Fees. (b) Holdings will not, and will not permit any Restricted Subsidiary to, make or agree to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or


-141- in respect of principal of or interest on any Junior Financing, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Junior Financing, or any other payment (including any payment under any Swap Agreement) that has a substantially similar effect to any of the foregoing, except: (i) payment of regularly scheduled interest and principal payments, mandatory offers to repay, repurchase or redeem, mandatory prepayments of principal premium and interest, and payment of fees, expenses and indemnification obligations, with respect to such Junior Financing, other than payments in respect of any Junior Financing prohibited by the subordination provisions thereof; (ii) refinancings of Indebtedness to the extent permitted by Section 6.01; (iii) the conversion of any Junior Financing to Equity Interests (other than Disqualified Equity Interests) of Holdings or any of its direct or indirect parent companies or the Borrower, and any payment that is intended to prevent any Junior Financing from being treated as an “applicable high yield discount obligation” within the meaning of Section 163(i)(1) of the Code; (iv) so long as no Event of Default shall have occurred and shall be continuing or would result therefrom, prepayments, redemptions, repurchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity in an aggregate amount, not to exceed the sum of (A) an amount at the time of making any such prepayment, redemption, repurchase, defeasance or other payment and together with any other prepayments, redemptions, repurchases, defeasances and other payments made utilizing this subclause (A) not to exceed the greater of (1) 44,500,000 and (2) 25% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma Effect to the making of such prepayment, redemption, purchase, defeasance or other payment, and (B) provided that Holdings is in Pro Forma Compliance with the Financial Performance Covenant after giving effect to such prepayment, redemption, purchase, defeasance or other payment, an amount equal to the portion, if any, of the Available Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such prepayment, redemption, repurchase, defeasance or other payment; (v) payments made in connection with the Transactions; (vi) prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financing prior to their scheduled maturity; provided that after giving effect to such prepayment, redemption, repurchase, defeasance or other payment, (A) on a Pro Forma Basis, the Total Net Leverage Ratio is less than or equal to 2.25 to 1.00 for the most recently ended Test Period and (B) no Event of Default exists or would result therefrom; and (vii) prepayment of Junior Financing owed to Holdings or any Restricted Subsidiary or the prepayment of Permitted Refinancing of such Indebtedness with the proceeds of any other Junior Financing. SECTION 6.08 Transactions with Affiliates. Holdings will not, and will not permit any Restricted Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (i) (A) transactions between or among Holdings or any Restricted Subsidiary or any entity that becomes a Restricted Subsidiary as a result of such transaction and (B) transactions involving aggregate payment or consideration of less than $10,000,000, (ii) on terms substantially as favorable to Holdings or such Restricted Subsidiary as would be obtainable by such Person at the time in a comparable arm’s-length transaction with a Person other than an Affiliate, (iii) the payment of fees and expenses related to the Transactions, (iv) [reserved], (v) issuances of Equity Interests of Holdings to the extent otherwise permitted by this Agreement, (vi) employment and severance arrangements between Holdings and its Restricted Subsidiaries and their respective officers and employees in the ordinary course of business or otherwise in connection with the Transactions (including loans and advances pursuant to Sections 6.04(b) and 6.04(n)), (vii) payments by Holdings and its Restricted Subsidiaries pursuant to tax sharing agreements among Holdings (and any such parent thereof), the Borrower and the Restricted Subsidiaries on customary terms to the extent attributable to the ownership or operation of Holdings and


-142- its Restricted Subsidiaries, to the extent such payments are permitted by Section 6.07, (viii) the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, members of the Board of Directors, officers and employees of Holdings (or any direct or indirect parent thereof), the Borrower and the Restricted Subsidiaries in the ordinary course of business to the extent attributable to the ownership or operation of Holdings and its Restricted Subsidiaries, (ix) transactions pursuant to permitted agreements in existence or contemplated on the Effective Date and set forth on Schedule 6.08 or any amendment thereto to the extent such an amendment is not adverse to the Lenders in any material respect, (x) Restricted Payments permitted under Section 6.07 and loans and advances in lieu thereof pursuant to Section 6.04(l), (xi) payments to or from, and transactions with, any joint venture in the ordinary course of business (including, without limitation, any cash management activities related thereto), (xii) transactions with customers, clients, suppliers, contractors, joint venture partners or purchasers or sellers of goods or services that are Affiliates, in each case in the ordinary course of business and which are fair to Holdings and the Restricted Subsidiaries, in the reasonable determination of the Borrower, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party, (xiii) sales of accounts receivable, or participations therein, or Securitization Assets or related assets in connection with or any Qualified Securitization Facility, (xiv) payments made in connection with the Transactions, (xv) [reserved] and (xvi) any other (A) Indebtedness permitted under Section 6.01 and Liens permitted under Section 6.02; provided that such Indebtedness and Liens are on terms which are fair and reasonable to Holdings and its Subsidiaries as determined by the board of directors of the Borrower and (B) transactions permitted under Section 6.03, Investments permitted under Section 6.04 and Restricted Payments permitted under Section 6.07. SECTION 6.09 Restrictive Agreements. Holdings will not, and will not permit any Restricted Subsidiary to, enter into any agreement, instrument, deed or lease that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of their respective properties or revenues, whether now owned or hereafter acquired, for the benefit of the Secured Parties with respect to the Secured Obligations or under the First Lien Loan Documents; provided that the foregoing shall not apply to: (a) restrictions and conditions imposed by (1) Requirements of Law, (2) any First Lien Loan Document, (3) any documentation governing First Lien Incremental Equivalent Debt, (4) any documentation governing Permitted Unsecured Refinancing Debt, Permitted First Priority Refinancing Debt or Permitted Second Priority Refinancing Debt, (5) any documentation governing other Indebtedness (other than intercompany debt owed to Holdings, the Borrower or the Restricted Subsidiaries) that do not materially impair the Borrower’s ability to make payments on the Loans, (6) any documentation governing Indebtedness incurred pursuant to Section 6.01(a)(xxiv) or Section 6.01(a)(vii), (viii), (ix), (xv), (xxii) or (xxvii) and (6) any documentation governing any Permitted Refinancing incurred to refinance any such Indebtedness referenced in clauses (1) through (5) above; (b) customary restrictions and conditions existing on the Effective Date and any extension, renewal, amendment, modification or replacement thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition; (c) restrictions and conditions contained in agreements relating to the sale of a Subsidiary or any assets pending such sale; provided that such restrictions and conditions apply only to the Subsidiary or assets that is or are to be sold and such sale is permitted hereunder; (d) customary provisions in leases, licenses, sublicenses and other contracts (including licenses and sublicenses of Intellectual Property) restricting the assignment thereof; (e) restrictions imposed by any agreement relating to secured Indebtedness permitted by this Agreement to the extent such restriction applies only to the property securing such Indebtedness; (f) any restrictions or conditions set forth in any agreement in effect at any time any Person becomes a Restricted Subsidiary (but not any modification or amendment expanding the scope of any such restriction or condition); provided that such agreement was not entered into in contemplation of such Person


-143- becoming a Restricted Subsidiary and the restriction or condition set forth in such agreement does not apply to Holdings, the Borrower or any Restricted Subsidiary; (g) restrictions or conditions in any Indebtedness permitted pursuant to Section 6.01 that is incurred or assumed by Restricted Subsidiaries that are not Loan Parties to the extent such restrictions or conditions are no more restrictive in any material respect than the restrictions and conditions in the First Lien Loan Documents or, in the case of Junior Financing, are market terms at the time of issuance and are imposed solely on such Restricted Subsidiary and its Subsidiaries; (h) restrictions on cash (or Permitted Investments) or other deposits imposed by agreements entered into in the ordinary course of business (or other restrictions on cash or deposits constituting Permitted Encumbrances); (i) restrictions set forth on Schedule 6.09 and any extension, renewal, amendment, modification or replacement thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition; (j) customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted by Section 6.04; (k) customary restrictions contained in leases, subleases, licenses, sublicenses or asset sale agreements otherwise permitted hereby so long as such restrictions relate only to the assets subject thereto; (l) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of Holdings, the Borrower or any Restricted Subsidiary; and (m) customary net worth provisions contained in real property leases entered into by Subsidiaries, so long as the Borrower has determined in good faith that such net worth provisions could not reasonably be expected to impair the ability of Holdings and its Subsidiaries to meet their ongoing obligations. SECTION 6.10 Amendment of Junior Financing. Holdings will not, and will not permit any Restricted Subsidiary to, amend or modify the documentation governing any Junior Financing if the effect of such amendment or modification is materially adverse to the Lenders or the Issuing Banks; provided that such modification will not be deemed to be materially adverse if such Junior Financing could be otherwise incurred under this Agreement (including as Indebtedness that does not constitute a Junior Financing) with such terms as so modified at the time of such modification. SECTION 6.11 Financial Performance Covenant. Holdings shall not permit (i) the Senior Secured First Lien Net Leverage Ratio to be greater than 3.50:1.00 on the last day of any Test Period and (ii) the Interest Coverage Ratio to be less than 3.002.00 to 1.00 on the last day of any Test Period. SECTION 6.12 Changes in Fiscal Periods. Holdings will not make any change in fiscal year; provided, however, that Holdings may, upon written notice to the First Lien Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the First Lien Administrative Agent, in which case, Holdings, the Borrower and the First Lien Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year; and provided further that the limitation of this Section 6.12 shall not apply with respect to any short year resulting from the Transactions to occur on the Effective Date.


-144- SECTION 6.13 [reserved]. SECTION 6.14 Anti-Corruption; Anti-Money Laundering; Sanctions. Neither Holdings nor the Borrower shall use, directly or, to its knowledge, indirectly, any part of any proceeds of the Loans or lend, contribute, or otherwise make available such proceeds: (i) in furtherance of an offer, payment, promise to pay, or authorization or approval of the payment or giving of money, property, gifts or anything else of value, directly or indirectly, to any “government official” (including any officer or employee of a government or government-owned or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office) to influence official action or secure an improper advantage; (ii) in any manner that would constitute or give rise to a violation of applicable Anti-Corruption Laws; (iii) to fund or facilitate any activities or business of, with, involving or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction; or (iv) in any manner that would constitute or give rise to a violation of Sanctions by any Person, including any Lender. ARTICLE VII EVENTS OF DEFAULT SECTION 7.01 Events of Default. If any of the following events (any such event, an “Event of Default”) shall occur: (a) any Loan Party shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; (b) any Loan Party shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in paragraph (a) of this Section 7.01) payable under any First Lien Loan Document, when and as the same shall become due and payable (or, in the case of any RFR Interest Payment, the later of (i) the date when the same shall have become due and payable and (ii) the date falling three RFR Business Days after the date on which the First Lien Administrative Agent notified the relevant Borrower of the amount of that RFR Interest Payment in accordance with this Agreement), and such failure shall continue unremedied for a period of five (5) Business Days; (c) any representation or warranty made or deemed made by or on behalf of Holdings, the Borrower or any of itsthe Restricted Subsidiaries in connection with any First Lien Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with any First Lien Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made; (d) (i) Holdings, the Borrower or any of the Restricted Subsidiaries shall fail to observe or perform any covenant, condition or agreement contained in Sections 5.02, 5.04 (with respect to the existence of Holdings, the Borrower or any such Restricted Subsidiaries), 5.10, 5.14 or in Article VI (other than Section 6.08 or 6.12 or the Financial Performance Covenant); or (ii) Holdings or any of the Restricted Subsidiaries shall fail to observe or perform the Financial Performance Covenant; provided that any Event of Default under Section 6.11 is subject to cure as provided in Section 7.02 and an Event of Default with respect to such Section shall not occur until the expiration of the tenth (10th) day subsequent to the date on which the financial statements with respect to the applicable fiscal quarter (or the fiscal year ended on the last day of such fiscal quarter) are required to be delivered pursuant to Section 5.01(a) or Section 5.01(b), as applicable;


-145- (e) Holdings, the Borrower or any of the Restricted Subsidiaries shall fail to observe or perform any covenant, condition or agreement contained in any First Lien Loan Document (other than those specified in paragraph (a), (b) or (d) of this Section 7.01), and such failure shall continue unremedied for a period of thirty (30) days after written notice thereof from the First Lien Administrative Agent to the Borrower; (f) Holdings, the Borrower or any of the Restricted Subsidiaries shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving effect to any applicable grace period); (g) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with all applicable grace periods having expired) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity, provided that this paragraph (g) shall not apply to (i) secured Indebtedness that becomes due as a result of the sale, transfer or other disposition (including as a result of a casualty or condemnation event) of the property or assets securing such Indebtedness (to the extent such sale, transfer or other disposition is permitted under this Agreement) or (ii) termination events or similar events occurring under any Swap Agreement that constitutes Material Indebtedness (it being understood that paragraph (f) of this Section 7.01 will apply to any failure to make any payment required as a result of any such termination or similar event); provided further that a default under any financial covenant in such Material Indebtedness shall not constitute an Event of Default unless and until the lenders or holders with respect to such Material Indebtedness have actually declared all such obligations to be immediately due and payable and terminate the commitments in accordance with the agreement governing such Material Indebtedness and such declaration has not been rescinded by the required lenders with respect to such Material Indebtedness on or before such date; (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, court protection, reorganization or other relief in respect of Holdings, the Borrower or any Material Subsidiary or its debts, or of a material part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law, now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, examiner, sequestrator, conservator or similar official for Holdings, the Borrower or any Material Subsidiary or for a material part of its assets, and, in any such case, such proceeding or petition shall continue undismissed or unstayed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; (i) Holdings, the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, court protection, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law, now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in paragraph (h) of this Section 7.01, (iii) apply for or consent to the appointment of a receiver, trustee, examiner, custodian, sequestrator, conservator or similar official for Holdings, the Borrower or any Material Subsidiary or for a material part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding or (v) make a general assignment for the benefit of creditors; (j) one or more enforceable judgments for the payment of money in an aggregate amount in excess of $25,000,000 (to the extent not covered by insurance as to which the insurer has been notified of such judgment or order and has not denied coverage) shall be rendered against Holdings, the Borrower and any of its Restricted Subsidiaries or any combination thereof and the same shall remain undischarged for a period of 60 consecutive days during which execution shall not be effectively stayed, or any judgment creditor shall legally attach or levy upon assets of such Loan Party that are material to the businesses and operations of Holdings, the Borrower and the Restricted Subsidiaries, taken as a whole, to enforce any such judgment; provided that no Default or Event of Default shall occur under this Section 7.01(j) as a result of any judgment rendered against Holdings, the Borrower or any of its Restricted Subsidiaries in connection with the SNIA Litigation;


-146- (k) an ERISA Event occurs that has resulted or would reasonably be expected to result in a Material Adverse Effect; (l) any Lien purported to be created under any Security Document shall cease to be, or shall be asserted in writing by any Loan Party not to be, a valid and perfected Lien on any material portion of the Collateral, with the priority required by the applicable Security Documents, except (i) as a result of the sale or other disposition of the applicable Collateral to a Person that is not a Loan Party in a transaction permitted under the First Lien Loan Documents, (ii) as a result of the First Lien Administrative Agent’s failure to (A) maintain possession of any stock certificates, promissory notes or other instruments delivered to it under the Security Documents or (B) file Uniform Commercial Code amendment or continuation financing statements or (iii) as to Collateral consisting of Material Real Property to the extent that such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage or (iv) as a result of acts or omissions of the First Lien Administrative Agent or any Lender; (m) any material provision of any First Lien Loan Document or any Guarantee of the First Lien Loan Document Obligations shall for any reason be asserted in writing by any Loan Party not to be a legal, valid and binding obligation of any Loan Party thereto other than as expressly permitted hereunder or thereunder; (n) any Guarantees of the First Lien Loan Document Obligations by any Loan Party pursuant to the First Lien Guarantee Agreement shall cease to be in full force and effect (in each case, other than in accordance with the terms of the First Lien Loan Documents); or (o) there shall occur a Change of Control. then, and in every such event, and at any time thereafter during the continuance of such event, the First Lien Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and (iii) demand the Borrower deposit cash collateral with the First Lien Administrative Agent as contemplated by Section 2.05(j) in the aggregate LC Exposure Amount of all outstanding Letters of Credit and thereupon the principal of the Loans and the LC Exposure of all Letters of Credit so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to Holdings or the Borrower described in paragraph (h) or (i) of this Section 7.01, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. SECTION 7.02 Right to Cure. (a) Notwithstanding anything to the contrary contained in Section 7.01, in the event that Holdings and its Restricted Subsidiaries fail to comply with the requirements of the Financial Performance Covenant (if applicable) as of the last day of any applicable fiscal quarter of the Borrower, at any time after the beginning of such fiscal quarter until the expiration of the tenth (10th) Business Day subsequent to the date on which the financial statements with respect to such fiscal quarter (or the fiscal year ended on the last day of such fiscal quarter) are required to be delivered pursuant to Section 5.01(a) or (b), as applicable, Holdings shall have the right to issue Qualified Equity Interests for cash or otherwise receive cash contributions to the capital of Holdings as cash common equity or other Qualified Equity Interests (which Holdings shall contribute through its subsidiaries as cash common equity or other Qualified Equity Interests) (collectively, the “Cure Right”), and upon the receipt by Holdings of the Net Proceeds of such issuance (the “Cure Amount”) pursuant to the exercise by Holdings of such Cure Right the Financial Performance Covenant shall be recalculated giving effect to one of the following pro forma adjustments:


-147- (i) Consolidated EBITDA shall be increased with respect to such applicable fiscal quarter and any four fiscal quarter period that contains such fiscal quarter, solely for the purpose of measuring the Financial Performance Covenant and not for any other purpose under this Agreement, by an amount equal to the Cure Amount; or (ii) if, after giving effect to the foregoing pro forma adjustment (without giving effect to any repayment of any Indebtedness with any portion of the Cure Amount or any portion of the Cure Amount on the balance sheet of Holdings and its Restricted Subsidiaries, in each case, with respect to such fiscal quarter only), Holdings and its Restricted Subsidiaries shall then be in compliance with the contained in the Financial Performance Covenant or the Financial Performance Covenant is not applicable for such fiscal quarter, Holdings and the Restricted Subsidiaries shall be deemed to have satisfied the requirements of the Financial Performance 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 breach or default of the Financial Performance Covenant that had occurred shall be deemed cured for the purposes of this Agreement; provided that the Borrower shall have notified the First Lien Administrative Agent of the exercise of such Cure Right within five (5) Business Days of the issuance of the relevant Qualified Equity Interests for cash or the receipt of the cash contributions by Holdings. (b) Notwithstanding anything herein to the contrary, (i) in each four consecutive fiscal quarter period of Holdings there shall be at least two (2) fiscal quarters in which the Cure Right is not exercised, (ii) during the term of this Agreement, the Cure Right shall not be exercised more than five (5) times and (iii) for purposes of this Section 7.02, the Cure Amount shall be no greater than the amount required for purposes of complying with the Financial Performance Covenant and any amounts in excess thereof shall not be deemed to be a Cure Amount. Notwithstanding any other provision in this Agreement to the contrary, the Cure Amount received pursuant to any exercise of the Cure Right shall be disregarded for purposes of determining any available basket under Article VI of this Agreement. For the avoidance of doubt, no Cure Amounts shall be applied to reduce the Indebtedness of Holdings and its Restricted Subsidiaries on a Pro Forma Basis for purposes of determining compliance with the Financial Performance Covenants and there shall not have been a breach of any covenant under Article VI of this Agreement by reason of having no longer included such Cure Amount in any basket during the relevant period. SECTION 7.03 Application of Proceeds. Subject to the terms of any applicable intercreditor agreement, the First Lien Collateral Agent shall apply the proceeds of any collection or sale of Collateral, including any Collateral consisting of cash, as follows: FIRST, to the payment of all costs and expenses incurred by the First Lien Collateral Agent in connection with such collection or sale or otherwise in connection with this Agreement, any other First Lien Loan Document or any of the Secured Obligations, including all court costs and the fees and expenses of its agents and legal counsel, the repayment of all advances made by the First Lien Collateral Agent hereunder or under any other First Lien Loan Document on behalf of any Loan Party and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other First Lien Loan Document; SECOND, to the payment in full of the Secured Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of the Secured Obligations owed to them on the date of any such distribution); THIRD, to any agent of any other junior secured debt, in accordance with any applicable intercreditor agreement; and FOURTH, to the Loan Parties, their successors or assigns, or as a court of competent jurisdiction may otherwise direct. The First Lien Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the First Lien Collateral Agent


-148- (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the First Lien Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the First Lien Collateral Agent or such officer or be answerable in any way for the misapplication thereof. The First Lien Collateral Agent shall have no liability to any of the Secured Parties for actions taken in reliance on information supplied to it as to the amounts of unpaid principal and interest and other amounts outstanding with respect to the Secured Obligations. Notwithstanding the foregoing, Excluded Swap Obligations with respect to any Subsidiary Loan Party shall not be paid with amounts received from such Subsidiary Loan Party or its assets, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Secured Obligations otherwise set forth above. ARTICLE VIII ADMINISTRATIVE AGENT SECTION 8.01 Appointment and Authority. (a) Each of the Lenders and the Issuing Bank hereby irrevocably appoints Goldman Sachs to act on its behalf as the First Lien Administrative Agent and First Lien Collateral Agent hereunder and under the other First Lien Loan Documents and authorizes the First Lien Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the First Lien Administrative Agent and First Lien Collateral Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the First Lien Administrative Agent and the First Lien Collateral Agent, the Lenders and the Issuing Bank, and the Borrower shall not have rights as a third party beneficiary of any of such provisions. (b) The First Lien Administrative Agent shall also act as the “First Lien Collateral Agent” under the First Lien Loan Documents, and each of the Lenders and the Issuing Bank hereby irrevocably appoints and authorizes the First Lien Collateral Agent to act as the agent of such Lender and the Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the First Lien Collateral Agent and any co-agents, sub-agents and attorneys-in-fact appointed by the First Lien Administrative Agent and First Lien Collateral Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the First Lien Administrative Agent, shall be entitled to the benefits of all provisions of this Article VIII and Article IX (including Section 9.03 as though such co-agents, sub- agents and attorneys-in-fact were the “collateral agent” under the First Lien Loan Documents) as if set forth in full herein with respect thereto. SECTION 8.02 Rights as a Lender. The Person serving as the First Lien Administrative 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 First Lien Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the First Lien Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, own securities of, 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 Borrower or any Subsidiary or other Affiliate of the Borrower as if such Person were not the First Lien Administrative Agent hereunder and without any duty to account therefor to the Lenders. SECTION 8.03 Exculpatory Provisions. The First Lien Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other First Lien Loan Documents. Without limiting the generality of the foregoing, the First Lien Administrative Agent:


-149- (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a 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 First Lien Loan Documents that the First Lien Administrative 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 First Lien Loan Documents); provided that the First Lien Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the First Lien Administrative Agent to liability or that is contrary to any First Lien Loan Document or applicable law; (c) shall not, except as expressly set forth herein and in the other First Lien Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of their Affiliates that is communicated to or obtained by the Person serving as the First Lien Administrative Agent or any of its Affiliates in any capacity; (d) shall not be liable 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 shall be necessary, or as the First Lien Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Section 9.02 and in the last paragraph of Section 7.01) or (ii) in the absence of its own gross negligence, bad faith or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment; provided that the First Lien Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice describing such Default is given to the First Lien Administrative Agent by the Borrower, a Lender or the Issuing Bank; and (e) 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 First Lien 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, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other First Lien 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 First Lien Administrative Agent. SECTION 8.04 Reliance by First Lien Administrative Agent. The First Lien Administrative 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 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 First Lien Administrative 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 of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Bank, the First Lien Administrative Agent may presume that such condition is satisfactory to such Lender or the Issuing Bank unless the First Lien Administrative Agent shall have received notice to the contrary from such Lender or the Issuing Bank prior to the making of such Loan or the issuance of such Letter of Credit. The First Lien Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), 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. SECTION 8.05 Delegation of Duties. The First Lien Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other First Lien Loan Document by or through any one or more sub-agents (which


-150- may include such of the First Lien Administrative Agent’s affiliates or branches as it deems appropriate) appointed by the First Lien Administrative Agent. The First Lien Administrative 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 VIII shall apply to any such sub-agent and to the Related Parties of the First Lien Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as First Lien Administrative Agent. SECTION 8.06 Resignation of First Lien Administrative Agent. Subject to the appointment and acceptance of a successor First Lien Administrative Agent as provided in this paragraph, the First Lien Administrative Agent may resign upon thirty (30) days’ notice to the Lenders, the Issuing Banks and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with the Borrower’s consent (such consent not to be unreasonably withheld or delayed) unless a Specified Event of Default has occurred and is continuing, 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. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring First Lien Administrative Agent gives notice of its resignation, then such resignation shall nevertheless be effective and the retiring First Lien Administrative Agent may (but shall not be obligated to) on behalf of the Lenders and the Issuing Banks, appoint a successor First Lien Administrative Agent, which shall be an Approved Bank with an office in New York, New York, or an Affiliate of any such Approved Bank (the date upon which the retiring First Lien Administrative Agent is replaced, the “Resignation Effective Date”); provided that if the First Lien Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice. If the Person serving as First Lien Administrative Agent is a Defaulting Lender, the Required Lenders and Holdings may, to the extent permitted by applicable law, by notice in writing to such Person remove such Person as First Lien Administrative Agent and, with the consent of the Borrower, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring or removed First Lien Administrative Agent shall be discharged from its duties and obligations hereunder and under the other First Lien Loan Documents (except (i) that in the case of any collateral security held by the First Lien Administrative Agent on behalf of the Lenders under any of the First Lien Loan Documents, the retiring or removed First Lien Administrative Agent shall continue to hold such collateral security until such time as a successor First Lien Administrative Agent is appointed and (ii) with respect to any outstanding payment obligations) and (2) except for any indemnity payments or other amounts then owed to the retiring or removed First Lien Administrative Agent, all payments, communications and determinations provided to be made by, to or through the First Lien Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, as the Required Lenders appoint a successor First Lien Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as First Lien Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) First Lien Administrative Agent (other than any rights to indemnity payments or other amounts owed to the retiring or removed First Lien Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed First Lien Administrative Agent shall be discharged from all of its duties and obligations hereunder and under the other First Lien Loan Documents as set forth in this Section. The fees payable by the Borrower to a successor First Lien Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed First Lien Administrative Agent’s resignation or removal hereunder and under the other First Lien Loan Documents, the provisions of this Article and Section 9.04 shall continue in effect for the benefit of such retiring or removed First Lien Administrative 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 or removed First Lien Administrative Agent was acting as First Lien Administrative Agent.


-151- SECTION 8.07 Non-Reliance on First Lien Administrative Agent and Other Lenders. Each Lender and the Issuing Bank acknowledges that it has, independently and without reliance upon the First Lien Administrative Agent or 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 and decision to enter into this Agreement. Each Lender and the Issuing Bank also acknowledges that it will, independently and without reliance upon the First Lien Administrative Agent or any other Lender or any of their Related Parties 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 First Lien Loan Document or any related agreement or any document furnished hereunder or thereunder. Each Lender, by delivering its signature page to this Agreement and funding its Loans on the Effective Date, or delivering its signature page to an Assignment and Assumption, Incremental Facility Amendment or Refinancing Amendment pursuant to which it shall become a Lender hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each First Lien Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the First Lien Administrative Agent or the Lenders on the Effective Date. No Lender shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Secured Obligations, it being understood and agreed that all powers, rights and remedies under the First Lien Loan Documents may be exercised solely by the First Lien Administrative Agent and First Lien Collateral Agent on behalf of the Lenders in accordance with the terms thereof. In the event of a foreclosure by the First Lien Administrative Agent or First Lien Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition, the First Lien Administrative Agent, the First Lien Collateral Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition, and the First Lien Administrative Agent or First Lien Collateral Agent, as agent for and representative of the Lenders (but not any Lender or Lenders in its or their respective individual capacities unless Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Secured Obligations as a credit on account of the purchase price for any collateral payable by the First Lien Administrative Agent or First Lien Collateral Agent on behalf of the Lenders at such sale or other disposition. Each Lender, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and of the Guarantees of the Secured Obligations, to have agreed to the foregoing provisions. SECTION 8.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, neither any Joint Lead Arrangers nor any person named on the cover page hereof as a Joint Lead Arranger shall have any powers, duties or responsibilities under this Agreement or any of the other First Lien Loan Documents, except in its capacity, as applicable, as the First Lien Administrative Agent, a Lender or an Issuing Bank hereunder. SECTION 8.09 First Lien Administrative 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 First Lien Administrative Agent (irrespective of whether the principal of any Loan or outstanding Letter of Credit shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the First Lien Administrative Agent shall have made any demand on the Borrower) 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, Letter of Credit outstandings and all other Secured 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 Issuing Bank and the First Lien Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Bank and the First Lien Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the


-152- Issuing Bank and the First Lien Administrative Agent under Sections 2.12 and 9.03) 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 Issuing Bank to make such payments to the First Lien Administrative Agent and, if the First Lien Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Bank, to pay to the First Lien Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the First Lien Administrative Agent and its agents and counsel, and any other amounts due the First Lien Administrative Agent under Sections 2.12 and 9.03. Nothing contained herein shall be deemed to authorize the First Lien Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or the Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender or the Issuing Bank to authorize the First Lien Administrative Agent to vote in respect of the claim of any Lender or the Issuing Bank or in any such proceeding. SECTION 8.10 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, any Issuing Bank or the First Lien Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other First Lien Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other First Lien Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. Notwithstanding anything to the contrary contained herein or in any other First Lien Loan Document, the authority to enforce rights and remedies hereunder and under the other First Lien 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 First Lien Administrative Agent in accordance with Article VII for the benefit of all the Lenders and the Issuing Banks; provided, however, that the foregoing shall not prohibit (a) the First Lien Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as First Lien Administrative Agent) hereunder and under the other First Lien Loan Documents, (b) the Issuing Banks or the Swingline Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as Issuing Bank or Swingline Lender, as the case may be) hereunder and under the other First Lien Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 9.08 (subject to the terms of Section 2.18), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided further that if at any time there is no Person acting as First Lien Administrative Agent hereunder and under the other First Lien Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the First Lien Administrative Agent pursuant to Article VII and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.18, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. SECTION 8.11 Certain ERISA Matters. (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the First Lien Administrative Agent, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: (i) such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or


-153- otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement, (ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, (iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84- 14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or (iv) such other representation, warranty and covenant as may be agreed in writing between the First Lien Administrative Agent, in its sole discretion, and such Lender. (b) In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the First Lien Administrative Agent, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that the First Lien Administrative Agent is a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the First Lien Administrative Agent under this Agreement, any First Lien Loan Document or any documents related hereto or thereto). ARTICLE IX MISCELLANEOUS SECTION 9.01 Notices. (a) Except in the case of notices and other communications expressly permitted to be given by telephone, 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 fax or other electronic transmission, as follows: (i) if to Holdings, the Borrower, the First Lien Administrative Agent, the Issuing Bank or the Swingline Lender, to the address, fax number, e-mail address or telephone number specified for such Person on Schedule 9.01; and (ii) if to any other Lender, to it at its address (or fax number, telephone number or e-mail address) set forth in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person


-154- designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain Material Non-Public Information relating to the Borrower). 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 fax 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, the Issuing Bank and the Swingline Lender hereunder may be delivered or furnished through Electronic System (including e-mail and Internet or intranet websites) pursuant to procedures reasonably approved by the First Lien Administrative Agent, provided that the foregoing shall not apply to notices to any Lender, the Issuing Bank or Swingline Lender pursuant to Article II if such Lender, the Issuing Bank or the Swingline Lender, as applicable, has notified the First Lien Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. Unless the First Lien Administrative 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), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, 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. (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 First Lien Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to Holdings, the Borrower, any Lender, the Issuing Bank or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the First Lien Administrative 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 Holdings, the Borrower, any Lender, the Issuing Bank 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 Holdings, the Borrower, the First Lien Administrative Agent, the Issuing Bank and the Swingline Lender may change its address, electronic mail address, fax or telephone number for notices and other communications or website hereunder by notice to the other parties hereto. Each other Lender may change its address, fax or telephone number for notices and other communications hereunder by notice to the Borrower, the First Lien Administrative Agent, the Issuing Bank and the Swingline Lender. In addition, each Lender agrees to notify the First Lien Administrative Agent from time to time to ensure that the First Lien Administrative Agent has on record (i) an effective address, contact name, telephone number, fax number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender.


-155- (e) Reliance by First Lien Administrative Agent, Issuing Bank and Lenders. The First Lien Administrative Agent, the Issuing Bank and the Lenders shall be entitled to rely and act upon any notices purportedly given by or on behalf of the Borrower 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 Borrower shall indemnify the First Lien Administrative Agent, the Issuing Bank, each Lender and the Related Parties 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 Borrower in the absence of gross negligence or willful misconduct as determined in a final and non-appealable judgment by a court of competent jurisdiction. All telephonic notices to and other telephonic communications with the First Lien Administrative Agent may be recorded by the First Lien Administrative Agent and each of the parties hereto hereby consents to such recording. SECTION 9.02 Waivers; Amendments. (a) No failure or delay by the First Lien Administrative Agent, any Issuing Bank or any Lender in exercising any right or power under this Agreement or any First Lien Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the First Lien Administrative Agent, the Issuing Banks and the Lenders hereunder and under the other First Lien Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or any First Lien Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 9.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or the issuance, amendment, renewal or extension of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the First Lien Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. No notice or demand on the Borrower or Holdings in any case shall entitle the Borrower or Holdings to any other or further notice or demand in similar or other circumstances. (b) Except as provided in Section 2.20 with respect to any Incremental Facility Amendment, Section 2.21 with respect to any Refinancing Amendment or Section 2.24 with respect to any Permitted Amendment, neither this Agreement, any First Lien Loan Document nor any provision hereof or thereof may be waived, amended or modified except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Holdings, the Borrower, the First Lien Administrative Agent (to the extent that such waiver, amendment or modification does not affect the rights, duties, privileges or obligations of the First Lien Administrative Agent under this Agreement, the First Lien Administrative Agent shall execute such waiver, amendment or other modification to the extent approved by the Required Lenders) and the Required Lenders or, in the case of any other First Lien Loan Document, pursuant to an agreement or agreements in writing entered into by the First Lien Administrative Agent and the Loan Party or Loan Parties that are parties thereto, in each case with the consent of the Required Lenders; provided that no such agreement shall (i) increase the Commitment of any Lender without the written consent of such Lender (it being understood that a waiver of any condition precedent set forth in Sections 4.02 or 4.03 or the waiver of any Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute an extension or increase of any Commitment of any Lender), (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the reimbursement obligations of the Borrower for the LC Exposure at such time (it being understood that a waiver of any Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute a reduction or forgiveness of principal) or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender directly and adversely affected thereby (it being understood that any change to the definition of Total Net Leverage Ratio, Senior Secured Net Leverage Ratio, Senior Secured First Lien Net Leverage Ratio or Interest Coverage Ratio or in the component definitions thereof shall not constitute a reduction of interest or fees), provided that only the consent of the Required Lenders shall be necessary to waive any obligation of the Borrower to pay default interest pursuant to Section 2.13(c), (iii) effectuate the subordination of the Secured Obligations without the written consent of each Lender directly and adversely affected thereby (iv) postpone the maturity of any Loan (it being understood that a waiver of any Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute a reduction or forgiveness of principal or an extension of any maturity date, date of any scheduled amortization payment or date for payment of interest or fees), or the date of any scheduled amortization payment of the principal amount of any Term Loan under


-156- the applicable Refinancing Amendment, or the reimbursement date with respect to any LC Disbursement, or any date for the payment of any interest or fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment (it being understood that a waiver of any Default or Event of Default shall not constitute an extension of any maturity date, date of any scheduled amortization payment or date for payment of interest or fees) without the written consent of each Lender directly and adversely affected thereby, (v) change any of the provisions of Sections 2.18(a), Section 2.18 (b), Section 2.18(c), Section 7.03 or this Section 9.02 without the written consent of each Lender directly and adversely affected thereby; provided that any such change which is in favor of a Class of Lenders holding Loans maturing after the maturity of other Classes of Lenders (and only takes effect after the maturity of such other Classes of Loans or Commitments) will require the written consent of the Required Lenders with respect to each Class directly and adversely affected thereby, (vi) change the percentage set forth in the definition of “Required Lenders”, “Required Revolving Lenders”, “Required Delayed Draw Lenders” or any other provision of any First Lien Loan Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender (or each Lender of such Class, as the case may be), (vii) release all or substantially all the value of the Guarantees under the First Lien Guarantee Agreement (except as expressly provided in the First Lien Loan Documents) without the written consent of each Lender (other than a Defaulting Lender), or (viii) release all or substantially all the Collateral from the Liens of the Security Documents, without the written consent of each Lender (other than a Defaulting Lender), except as expressly provided in the First Lien Loan Documents; provided further that (A) no such agreement shall amend, modify or otherwise affect the rights or duties of the First Lien Administrative Agent, any Issuing Bank or the Swingline Lender without the prior written consent of the First Lien Administrative Agent, such Issuing Bank or the Swingline Lender, as the case may be, (B) any provision of this Agreement or any other First Lien Loan Document may be amended by an agreement in writing entered into by Holdings, the Borrower and the First Lien Administrative Agent to cure any ambiguity, omission, mistake, defect, incorrect cross-reference, inconsistency, obvious error or technical or immaterial errors (as reasonably determined by the First Lien Administrative Agent and the Borrower) and (C) any waiver, amendment or modification of this Agreement that by its terms affects the rights or duties under this Agreement of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans or Commitments of any other Class) may be effected by an agreement or agreements in writing entered into by Holdings, the Borrower and the requisite percentage in interest of the affected Class of Lenders stating that would be required to consent thereto under this Section 9.02 if such Class of Lenders were the only Class of Lenders hereunder at the time. Notwithstanding the foregoing, (a) this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the First Lien Administrative Agent, Holdings and the Borrower (i) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other First Lien Loan Documents and (ii) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders on substantially the same basis as the Lenders prior to such inclusion and (b) guarantees, collateral security documents (including Mortgages) and related documents in connection with this Agreement may be in a form reasonably determined by the First Lien Administrative Agent and may be, together with this Agreement and the other First Lien Loan Documents, amended and waived with the consent of the First Lien Administrative Agent at the request of the 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, defects, omissions, inconsistencies or to make related modifications to provisions of other First Lien Loan Documents, (iii) to cause any guarantee, collateral security document (including Mortgages) or other document to be consistent with this Agreement and the other First Lien Loan Documents, (iv) to give effect to the provisions of Section 2.14(b) or (v) to integrate any First Lien Incremental Facility or Credit Agreement Refinancing Indebtedness in a manner consistent with this Agreement and the other First Lien Loan Documents. (c) In connection with any proposed amendment, modification, waiver or termination (a “Proposed Change”) requiring the consent of all Lenders or all directly and adversely affected Lenders, if the consent of the Required Lenders (and, to the extent any Proposed Change requires the consent of Lenders holding Loans of any Class pursuant to clause (iv) of paragraph (b) of this Section 9.02, the consent of a Majority in Interest of the outstanding Loans and unused Commitments of such Class) to such Proposed Change is obtained, but the consent to such Proposed Change of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in paragraph (b) of this Section 9.02 being referred to as a “Non-Consenting Lender”), then,


-157- so long as the Lender that is acting as First Lien Administrative Agent is not a Non-Consenting Lender, the Borrower may, at its sole expense and effort, upon notice to such Non-Consenting Lender and the First Lien Administrative Agent, either (i) if exists, permanently prepay all of the Loans of any Class owing by it to, and terminating any Commitments of such Non-Consenting Lender or (ii) require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which Eligible Assignee may be another Lender, if a Lender accepts such assignment), provided that (a) the Borrower shall have received the prior written consent of the First Lien Administrative Agent to the extent such consent would be required under Section 9.04(b) for an assignment of Loans or Commitments, as applicable (and, if a Revolving Commitment is being assigned, each Issuing Bank and Swingline Lender), which consent shall not unreasonably be withheld, (b) such Non-Consenting Lender shall have received payment of an amount equal to the outstanding par principal amount of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder (including pursuant to Section 2.11(a)(i)) from the Eligible Assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and (c) unless waived, the Borrower or such Eligible Assignee shall have paid to the First Lien Administrative Agent the processing and recordation fee specified in Section 9.04(b). Each party hereto agrees that an assignment required pursuant to this Section 9.02(c) may be effected pursuant to an Assignment and Assumption executed by the Borrower, the First Lien Administrative Agent and the assignee and that the Non-Consenting Lender required to make such assignment need not be a party thereto, and each Lender hereby authorizes and directs the First Lien Administrative Agent to execute and deliver such documentation as may be required to give effect to an assignment in accordance with Section 9.04 on behalf of a Non-Consenting Lender and any such documentation so executed by the First Lien Administrative Agent shall be effective for purposes of documenting an assignment pursuant to Section 9.04. (d) Notwithstanding anything in this Agreement or the other First Lien Loan Documents to the contrary, (i) the Revolving Commitments, Term Loans and Revolving Exposure of any Lender that is at the time a Defaulting Lender shall not have any voting or approval rights under the First Lien Loan Documents and shall be excluded in determining whether all Lenders (or all Lenders of a Class), all affected Lenders (or all affected Lenders of a Class), a Majority in Interest of Lenders of any Class or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to this Section 9.02); provided that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender and (ii) no Disqualified Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder or under any of the First Lien Loan Documents. (e) [Reserved]. (f) Notwithstanding anything in this Agreement or the other First Lien Loan Documents to the contrary, only the consent of (i) the Required Revolving Lenders shall be necessary to (1) waive or amend the conditions set forth in Section 4.02 with respect to any credit extension consisting of Revolving Borrowings (and Section 4.02 may not be waived or amended in a manner that affects the making of any Revolving Borrowing without the consent of the Required Revolving Lenders), (2) increase or decrease the rate of interest or any fees payable with respect to the Revolving Commitments and the Revolving Loans (for the avoidance of doubt, the written consent of each Revolving Lender directly and adversely affected thereby shall be necessary to increase or decrease the rate of interest or any fees payable with respect to the Revolving Commitments and the Revolving Loans) or (3) amend any other provision of this Agreement in a manner that (x) is no less favorable to the Lenders than such provision prior to such amendment, (y) does not directly and adversely affect any Class of Lenders in any material respect as compared to any other Class of Lenders, and (z) does not require the consent of all Lenders or all directly and adversely affected Lenders and (ii) the Required Delayed Draw Lenders shall be necessary to (1) waive or amend the conditions set forth in Section 4.03 with respect to any credit extension consisting of Delayed Draw Incremental Term Borrowings (and Section 4.03 may not be waived or amended in a manner that affects the making of any Delayed Draw Incremental Term Borrowing without the consent of the Required Delayed Draw Lenders) or (2) increase orof decrease the rate of interest or any fees payable with respect to the Delayed Draw Incremental Commitments and the Delayed Draw Incremental Term Loans. (for the avoidance of doubt, the written consent of each Delayed Draw Incremental Lender directly and adversely affected thereby shall be necessary to increase of decrease the rate of interest or any fees payable with respect to the Delayed Draw Incremental Commitments and the Delayed Draw Incremental Term Loans).


-158- (g) So long as no Event of Default has occurred and is continuing or would result therefrom, any Wholly Owned Subsidiary of Holdings that is formed under the law of the United States, any State thereof or the District of Columbia may be designated as an additional Borrower (each such person, a “Additional Borrower”) and any amendments to this Agreement and the First Lien Loan Documents necessary or advisable to implement the designation of such Additional Borrower may be made with the consent of the Borrower and the First Lien Administrative Agent acting reasonably; provided that (x) such Person shall not be an Unrestricted Subsidiary, (y) the Lenders shall have received reasonably requested know your customer” information in compliance with Section 9.13 hereof no later than three (3) Business Days prior to such designation, and (z) if reasonably requested by the First Lien Administrative Agent, an opinion of counsel to the effect that designation of such Person as an Additional Borrower does not violate this Agreement or any other First Lien Loan Document and that any amendments necessary to designate such Additional Borrower preserve the enforceability of the Guarantees and the perfection of the Liens created under the applicable Security Documents. SECTION 9.03 Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay, if the Effective Date occurs and the Transactions have been consummated, (i) all reasonable and documented or invoiced out-of-pocket costs and expenses incurred by the First Lien Administrative Agent, the Joint Lead Arrangers, each Issuing Bank, the Swingline Lender and their respective Affiliates (without duplication), limited, in the case of (x) legal fees and expenses to the reasonable, documented and invoiced fees, charges and disbursements of one primary counsel (which shall be Milbank LLP for any and all of the foregoing in connection with the Transactions and other matters, including the primary syndication, to occur on or prior to or otherwise in connection with the Effective Date) and to the extent reasonably determined by the First Lien Administrative Agent to be necessary, one local counsel in each relevant material jurisdiction (which may include a single local counsel acting in multiple jurisdictions) and, in the case of an actual conflict of interest where the First Lien Administrative Agent, each Issuing Bank or any Lender affected by such conflict notifies the Borrower of the existence of such conflict and thereafter retains its own counsel, one additional conflicts counsel for the affected Indemnitees similarly situated and (y) the fees and expenses of any other advisor or consultant, to the reasonable and documented and invoiced fees, charges and disbursements of such advisor or consultant, but solely to the extent that such consultant or advisor has been retained with the Borrower’s consent in writing (such consent not to be unreasonably withheld or delayed)), in each case for the First Lien Administrative Agent, in connection with the syndication of the credit facilities provided for herein, and the preparation, execution, delivery and administration of the First Lien Loan Documents or any amendments, modifications or waivers of the provisions thereof, (ii) all reasonable, documented and invoiced out-of-pocket costs and expenses incurred by each Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all reasonable and documented and invoiced out-of-pocket expenses incurred by the First Lien Administrative Agent, each Issuing Bank or any Lender, including the fees, charges and disbursements of counsel for the First Lien Administrative Agent, the Issuing Banks and the Lenders (without duplication) (limited, in the case of (x) legal fees and expenses, to the reasonable, documented and invoiced fees, charges and disbursements of one primary counsel and to the extent reasonably determined by the First Lien Administrative Agent to be necessary, one local counsel in each relevant material jurisdiction (which may include a single local counsel acting in multiple jurisdictions) and, in the case of an actual conflict of interest where the Indemnitee affected by such conflict notifies the Borrower of the existence of such conflict and thereafter retains its own counsel, one additional conflicts counsel for the affected Indemnitees similarly situated and (y) the fees and expenses of any other advisor or consultant, to the reasonable, documented and invoiced fees, charges and disbursements of such advisor or consultant, but solely to the extent that such consultant or advisor has been retained with the Borrower’s written consent (such consent not to be unreasonably withheld or delayed), in connection with the enforcement or protection of any rights or remedies (A) in connection with the First Lien Loan Documents (including all such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Laws), including its rights under this Section 9.03 or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket costs and expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. (b) Without duplication of the expense reimbursement obligations pursuant to clause (a) above, the Borrower shall indemnify the First Lien Administrative Agent, each Issuing Bank, each Lender, the Joint Lead Arrangers and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented and invoiced out-of-pocket fees and expenses (limited, in the case of (x) legal fees and


-159- expenses, to the reasonable, documented and invoiced fees, charges and disbursements of one counsel for all Indemnitees and to the extent reasonably determined by the First Lien Administrative Agent to be necessary, one local counsel in each relevant material jurisdiction (which may include a single local counsel acting in multiple jurisdictions) and, in the case of an actual conflict of interest, where the Indemnitee affected by such conflict notifies Holdings of the existence of such conflict and thereafter retains its own counsel, one additional conflicts counsel for the affected Indemnitees similarly situated and (y) the fees and expenses of any other advisor or consultant, to the reasonable and documented and invoiced fees, charges and disbursements of such advisor or consultant, but solely to the extent that such consultant or advisor has been retained with the Borrower’s consent in writing (such consent not to be unreasonably withheld or delayed)), incurred by or asserted against any Indemnitee by any third party or by the Borrower, Holdings or any Subsidiary to the extent arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any First Lien Loan Document or any other agreement or instrument contemplated hereby or thereby, the performance by the parties to the First Lien Loan Documents of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated thereby, the syndication of the credit facilities provided for herein, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by the Issuing Bank 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), (iii) to the extent in any way arising from or relating to any of the foregoing, any Release or threatened Release of Hazardous Materials on, at, to or from any Mortgaged Property or any other real property owned or operated by Holdings, the Borrower or any Subsidiary, or any other Environmental Liability related in any way to Holdings, the Borrower or any Subsidiary, or (iv) 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 the Borrower, Holdings or any Subsidiary or their Affiliates and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities, costs or related expenses (w) resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or its Related Parties (as determined by a court of competent jurisdiction in a final and non-appealable judgment), (x) resulted from a material breach of the First Lien Loan Documents by such Indemnitee or its Related Parties (as determined by a court of competent jurisdiction in a final and non-appealable judgment), (y) arise from disputes between or among Indemnitees (other than disputes involving claims against the First Lien Administrative Agent, the First Lien Collateral Agent or the Joint Lead Arrangers, the Swingline Lender or any Issuing Bank, in each case, in their respective capacities) that do not involve an act or omission by Holdings, the Borrower or any Restricted Subsidiary or (z) resulted from any settlement effected without the Borrower’s prior written consent; provided, that to the extent any amounts paid to an Indemnitee in respect of this Section 9.03, such Indemnitee, by its acceptance of the benefits hereof, agrees to refund and return any and all amounts paid by the Borrower to it if, pursuant to the operation of the foregoing clauses (w) through (z), such Indemnitee was not entitled to receipt of such amount. This Section 9.03(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) To the extent that the Borrower fails to pay any amount required to be paid by it to the First Lien Administrative Agent, any Lender or any Issuing Bank under paragraph (a) or (b) of this Section 9.03, each Lender severally agrees to pay to the First Lien Administrative Agent, such Lender or such Issuing Bank, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the First Lien Administrative Agent, such Lender or such Issuing Bank in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the aggregate Revolving Exposures, outstanding Term Loans and unused Commitments at such time. The obligations of the Lenders under this paragraph (c) are subject to the last sentence of Section 2.02(a) (which shall apply mutatis mutandis to the Lenders’ obligations under this paragraph (c)). (d) To the extent permitted by applicable law, no party hereto nor any Affiliate of any party hereto, nor any officer, director, employee, agent, controlling person, advisor or other representative of the foregoing or any successor or permitted assign of any of the foregoing shall assert, and each hereby waives, any claim against any other such Person on any theory of liability for special, indirect, consequential or punitive damages (as opposed to direct or actual damages, but in any event including, without limitation, any lost profits, business or anticipated savings) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, arising out of, as a result of, or in any way related to, this Agreement or any agreement or instrument contemplated hereby or referred to herein, the transactions contemplated hereby or


-160- thereby, or any act or omission or event occurring in connection therewith and each such Person further agrees not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor; provided that the foregoing shall in no event limit the Borrower’s indemnification obligations under clause (b) above. (e) In case any proceeding is instituted involving any Indemnitee for which indemnification is to be sought hereunder by such Indemnitee, then such Indemnitee will promptly notify the Borrower of the commencement of any proceeding; provided, however, that the failure to do so will not relieve the Borrower from any liability that it may have to such Indemnitee hereunder, except to the extent that the Borrower is materially prejudiced by such failure. Notwithstanding the above, following such notification, the Borrower may elect in writing to assume the defense of such proceeding, and, upon such election, the Borrower will not be liable for any legal costs subsequently incurred by such Indemnitee (other than reasonable costs of investigation and providing evidence) in connection therewith, unless (i) the Borrower has failed to provide counsel reasonably satisfactory to such Indemnitee in a timely manner, (ii) counsel provided by the Borrower reasonably determines its representation of such Indemnitee would present it with a conflict of interest or (iii) the Indemnitee reasonably determines that there are actual conflicts of interest between the Borrower and the Indemnitee, including situations in which there may be legal defenses available to the Indemnitee which are different from or in addition to those available to the Borrower. (f) Notwithstanding anything to the contrary in this Agreement, to the extent permitted by applicable law, no party hereto nor any Indemnitee shall assert, and each hereby waives, any claim against any Indemnitee for any direct or actual damages arising from the use by unintended recipients of information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems (including the Internet) in connection with this Agreement or the other First Lien Loan Documents or the transactions contemplated hereby or thereby; except to the extent that such direct or actual damages are determined by a court of competent jurisdiction by final, non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of, or a material breach of the First Lien Loan Documents by, such Indemnitee or its Related Parties. (g) All amounts due under this Section 9.03 shall be payable not later than ten (10) Business Days after written demand therefor; provided, however, that any Indemnitee shall promptly refund an indemnification payment received hereunder to the extent that there is a final judicial determination that such Indemnitee was not entitled to indemnification with respect to such payment pursuant to this Section 9.03. SECTION 9.04 Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of their rights or obligations hereunder without the prior written consent of each Lender, each Issuing Bank and the acknowledgement of the First Lien Administrative Agent (and any attempted assignment or transfer by the Borrower without such consent shall be null and void), (ii) no assignment shall be made to any Defaulting Lender or any of its Subsidiaries, or any Persons who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (ii) and (iii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 9.04. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section 9.04), the Indemnitees and, to the extent expressly contemplated hereby, the Related Parties of each of the First Lien Administrative Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. (b) (i) Subject to the conditions set forth in paragraphs (b)(ii) and (f) below, any Lender may 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 Commitment and the Loans at the time owing to it) with the prior written consent (such consent (except with respect to assignments to competitors (as described in the definition of “Disqualified Lenders”) of the Borrower) not to be unreasonably withheld or delayed) of (A) the Borrower; provided that no consent of the Borrower shall be required for an assignment (w) by any Joint Lead Arranger (or its Affiliate) to the extent that an assignment


-161- by such Joint Lead Arranger (or such Affiliate) is made in the primary syndication to Eligible Assignees to whom the Borrower has consented or to any other Joint Lead Arranger (or its Affiliate), (x) by a Term Lender to any Lender, an Affiliate of any Lender or an Approved Fund, (y) if a Specified Event of Default has occurred and is continuing (other than with respect to any assignment to a Disqualified Lender) or (z) by a Revolving Lender to another Revolving Lender, an Affiliate of a Revolving Lender or an Approved Fund; provided further that no assignee contemplated by the immediately preceding proviso shall be entitled to receive any greater payment under Section 2.15 or Section 2.17 than the applicable assignor would have been entitled to receive with respect to the assignment made to such assignee, unless the assignment to such assignee is made with the Borrower’s prior written consent and such entitlement to receive a greater payment results from a Change in Law that occurs after the assignee acquired the applicable assignment, (B) the First Lien Administrative Agent, provided that no consent of the First Lien Administrative Agent shall be required for an assignment of a Term Loan or assignments pursuant to the proviso in clause (z) of Section 9.04(b)(i)(A) to a Lender, an Affiliate of a Lender or an Approved Fund, and (C) solely in case of Revolving Loans an Revolving Commitments, each Issuing Bank and the Swingline Lender (not to be unreasonably withheld or delayed); provided that, for the avoidance of doubt, no consent of any Issuing Bank or the Swingline Lender shall be required for an assignment of all or any portion of the Term Loan or Term Commitment. In addition, the Borrower shall be deemed to have consented to any assignment of Commitment or Loans (other than any assignment to any Disqualified Institution or any natural Person) unless it has objected thereto by written notice to the First Lien Administrative Agent within 10 Business Days after receipt by the Borrower of a written notice for consent thereto. (ii) Assignments shall be subject to the following additional conditions: (A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the trade date specified in the Assignment and Assumption with respect to such assignment or, if no trade date is so specified, as of the date the Assignment and Assumption with respect to such assignment is delivered to the First Lien Administrative Agent) shall, in the case of Revolving Loans, not be less than $5,000,000 (and integral multiples thereof) or, in the case of a Term Loan, $1,000,000 (and integral multiples thereof), unless the Borrower and the First Lien Administrative Agent otherwise consent (in each case, such consent not to be unreasonably withheld or delayed); provided that no such consent of the Borrower shall be required if a Specified Event of Default has occurred and is continuing, (B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; provided that this clause (B) shall not be construed to prohibit assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans, (C) the parties to each assignment shall execute and deliver to the First Lien Administrative Agent an Assignment and Assumption via an electronic settlement system acceptable to the First Lien Administrative Agent or, if previously agreed with the First Lien Administrative Agent, manually execute and deliver to the First Lien Administrative Agent an Assignment and Assumption, and, in each case, together with a processing and recordation fee of $3,500; provided that the First Lien Administrative Agent, in its sole discretion, may elect to waive or reduce such processing and recordation fee; provided further, that such processing and recordation fee shall not be payable in the case of assignments by any Agent or any Lender to any of its Affiliates; provided further that any such Assignment and Assumption shall include a representation by the assignee that the assignee is not a Disqualified Lender or an Affiliate of a Disqualified Lender; provided further that assignments made pursuant to Section 2.19(b) or Section 9.02(c) shall not require the signature of the assigning Lender to become effective, (D) the assignee, if it shall not be a Lender, shall deliver to the First Lien Administrative Agent any tax forms required by Section 2.17(f) and an Administrative Questionnaire in which the assignee designates one or more credit contacts to whom all syndicate-level information (which may contain Material Non-Public Information about the Borrower, the Loan Parties and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws and (E) unless the Borrower otherwise consents, no assignment of all or any portion of the Revolving Commitment of a Lender that is also the Swingline Lender or an Issuing Bank may be made unless (1) the assignee shall be or become a Swingline Lender and/or an Issuing Bank, as applicable, and assume a ratable portion of the rights and obligations of such assignor in its capacity as Swingline Lender and Issuing Bank, or (2) the assignor agrees, in its discretion, to retain all of its rights with respect to and obligations to make or issue Swingline Loans and Letters of Credit, as applicable, hereunder in which case the Applicable Fronting Exposure of such assignor may exceed such assignor’s Revolving Commitment for purposes of Sections 2.04(a) and 2.05(b) by an amount not to exceed the difference between the assignor’s Revolving Commitment prior to such assignment and the assignor’s Revolving Commitment following such assignment; provided that no such consent of the Borrower shall be required if a Specified Event of Default has occurred and is continuing.


-162- (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section 9.04, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party hereto 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 (and subject to the obligations and limitations of) Sections 2.15, 2.16, 2.17 and 9.03 and to any fees payable hereunder that have accrued for such Lender’s account but have not yet been paid). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c)(i) of this Section 9.04. (iv) The First Lien Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices in the United States a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal and interest amounts of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and Holdings, the Borrower, the First Lien Administrative Agent, the Issuing Banks 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. In addition, the First Lien Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by the Borrower, the Issuing Banks and any Lender (in each case as to its own interest, but not the interest of any other Lender), at any reasonable time and from time to time upon reasonable prior notice. (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire and any tax forms required by Section 2.17(f) (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section 9.04 and any written consent to such assignment required by paragraph (b) of this Section 9.04, the First Lien Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. (vi) The words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to this Agreement, any other First Lien Loan Document and/or any Ancillary Document shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the First Lien Administrative 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 nothing herein shall require the First Lien Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it. (c) (i) Any Lender may, without the consent of the Borrower, the First Lien Administrative Agent, the Issuing Banks or the Swingline Lender, sell participations to one or more banks or other Persons (other than to a Person that is not an Eligible Assignee) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) Holdings, the Borrower, the First Lien Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and any other First Lien Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement and any other First Lien Loan Documents; provided that


-163- such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in clauses (i), (ii), (iv), (vii) and (viii) of the first proviso to Section 9.02(b) that directly and adversely affects such Participant. Subject to paragraph (c)(iii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the obligations and limitations thereof and Section 2.19, it being understood that any tax forms required by Section 2.17(f) shall be provided solely to the participating Lender) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section 9.04; provided that such Participant agrees to be subject to the provisions of Section 2.19 as if it were an assignee under paragraph (b) of Section 9.04. Each Lender that sells a participation agrees, at the Borrower's request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.19(b) with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.18(c) as though it were a Lender. (ii) Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and related interest amounts) of each participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall be conclusive, absent manifest error, and the parties hereto 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. No Lender shall have any obligation to disclose all or any portion of its Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or other obligations under the First Lien Loan Documents) except to the extent that the relevant parties, acting reasonably and in good faith, determine that such disclosure is necessary in connection with a Tax audit or other proceeding to establish that any Loan or other obligation under the First Lien Loan Documents is in registered form for U.S. federal income tax purposes. (iii) A Participant (other than a Revolving Lender pursuant to Section 2.05(e)) shall not be entitled to receive any greater payment under Section 2.15, 2.16 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent and such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. (d) Any Lender may, without the consent of the Borrower or the First Lien Administrative Agent, at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other “central” bank, and this Section 9.04 shall not apply to any such pledge or assignment of a security interest, provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. (e) 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 First Lien Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the First Lien Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the First Lien Administrative Agent 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 Swingline 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. (f) Any Lender may, at any time, assign all or a portion of its Term Loans (but not Revolving Loans) to Holdings or any of its Subsidiaries, through (x) Dutch auctions or other offers to purchase open to all Lenders


-164- on a pro rata basis in accordance with procedures of the type described in Section 2.11(a)(ii) or other customary procedures acceptable to the First Lien Administrative Agent and/or (y) open market purchases on a non-pro rata basis, provided that (i) the Borrower shall not make any Borrowing of Revolving Loans or Swingline Loans to fund such assignment, (ii) any Term Loans that are so assigned will be automatically and irrevocably cancelled immediately upon such purchase and the aggregate principal amount of the tranches and installments of the relevant Term Loans then outstanding shall be reduced by an amount equal to the principal amount of such Term Loans, (iii) no Event of Default shall have occurred and be continuing and (iv) each Lender making such assignment to Holdings or any of its Subsidiaries acknowledges and agrees that in connection with such assignment, (1) Holdings or its Subsidiaries then may have, and later may come into possession of Material Non-Public Information, (2) such Lender has independently and, without reliance on Holdings, any of its Subsidiaries, the First Lien Administrative Agent or any of their respective Affiliates, made its own analysis and determination to enter into such assignment notwithstanding such Lender’s lack of knowledge of the Material Non-Public Information and (3) none of Holdings, its Subsidiaries, the First Lien Administrative Agent, or any of their respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent permitted by Requirements of Law, any claims such Lender may have against Holdings, its Subsidiaries, the First Lien Administrative Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Material Non-Public Information. Each Lender entering into such an assignment further acknowledges that the Material Non-Public Information may not be available to the First Lien Administrative Agent or the other Lenders. (g) Notwithstanding the forgoing, no consent of the Borrower, the First Lien Administrative Agent or the Issuing Banks shall be required for any assignment of Commitments or Loans between Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC (or vice versa). (h) Notwithstanding the foregoing, no assignment may be made or participation sold to a Disqualified Lender without the prior written consent of the Borrower; provided that, upon inquiry by any Lender to the First Lien Administrative Agent as to whether a specified potential assignee or prospective participant is a Disqualified Lender, the First Lien Administrative Agent shall be permitted to disclose to such Lender the list of Disqualified Lenders ; provided further that inclusion on the list of Disqualified Lenders shall not apply retroactively to disqualify any persons that have previously acquired an assignment or participation in the Loan if such person was not included on the list of Disqualified Lenders at the time of such assignment or participation. Notwithstanding anything contained in this Agreement or any other First Lien Loan Document to the contrary, if any Lender was a Disqualified Lender at the time of the assignment of any Loans or Commitments to such Lender, following written notice from the Borrower to such Lender and the First Lien Administrative Agent and otherwise in accordance with Section 2.19(b), as applicable: (1) such Lender shall promptly assign all Loans and Commitments held by such Lender to an Eligible Assignee; provided that (A) the First Lien Administrative Agent shall not have any obligation to the Borrower, such Lender or any other Person to find such a replacement Lender, (B) the Borrower shall not have any obligation to such Disqualified Lender or any other Person to find such a replacement Lender or accept or consent to any such assignment to itself or any other Person subject to the Borrower’s consent in accordance with Section 9.04(b)(i) and (C) the assignment of such Loans and/or Commitments, as the case may be, shall be at par plus accrued and unpaid interest and fees; (2) such Lender shall not have any voting or approval rights under the First Lien Loan Documents and shall be excluded in determining whether all Lenders (or all Lenders of any Class), all affected Lenders (or all affected Lenders of any Class), a Majority in Interest of Lenders of any Class or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 9.02); provided that (x) the Commitment of any Disqualified Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that affects any Disqualified Lender adversely and in a manner that is disproportionate to other affected Lenders shall require the consent of such Disqualified Lender; and (3) no Disqualified Lender is entitled to receive information provided solely to Lenders by the First Lien Administrative Agent or any Lender or will be permitted to attend or participate in meetings attended solely by the Lenders and the First Lien Administrative Agent, other than the right to receive notices or Borrowings, notices or prepayments and other administrative notices in respect of its Loans or Commitments required to be delivered to Lenders pursuant to Article II. The First Lien Administrative Agent shall have no obligation or liability with respect to monitoring or enforcing prohibitions on assignments to Disqualified Lenders and the list of Disqualified Lenders.


-165- SECTION 9.05 Survival. All covenants, agreements, representations and warranties made by the Loan Parties in the First Lien Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to any First Lien Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the First Lien Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the First Lien Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect until the Termination Date. The provisions of Sections 2.15, 2.16, 2.17, 8.11 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans and all other amounts payable hereunder, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. Notwithstanding the foregoing or anything else to the contrary set forth in this Agreement, in the event that, in connection with the refinancing or repayment in full of the credit facilities provided for herein, an Issuing Bank shall have provided to the First Lien Administrative Agent a written consent to the release of the Revolving Lenders from their obligations hereunder with respect to any Letter of Credit issued by such Issuing Bank (whether as a result of the obligations of the Borrower (and any other account party) in respect of such Letter of Credit having been collateralized in full by a deposit of cash with such Issuing Bank or being supported by a letter of credit that names such Issuing Bank as the beneficiary thereunder, or otherwise), then from and after such time such Letter of Credit shall cease to be a “Letter of Credit” outstanding hereunder for all purposes of this Agreement and the other First Lien Loan Documents, and the Revolving Lenders shall be deemed to have no participations in such Letter of Credit, and no obligations with respect thereto, under Section 2.05(e) or (f). SECTION 9.06 Counterparts; Integration; Effectiveness; Electronic Execution. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other First Lien Loan Documents and any separate letter agreements with respect to fees payable to the First Lien Administrative Agent or the syndication of the Loans and Commitments constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous 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 First Lien Administrative Agent and when the First Lien Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic means shall be effective as delivery of a manually executed counterpart of this Agreement. Delivery of an executed counterpart of a signature page of this Agreement, any other First Lien Loan Document or any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to Section 9.01), certificate, request, statement, disclosure or authorization related to this Agreement, any other First Lien Loan Document or the transactions contemplated hereby or thereby (each, an “Ancillary Document”) that is an Electronic Signature transmitted by fax, emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement, such other First Lien Loan Document or such Ancillary Document, as applicable. SECTION 9.07 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 9.07, 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 First Lien


-166- Administrative Agent, the Issuing Bank or the Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. SECTION 9.08 Right of Setoff. If a Specified Event of Default shall have occurred and be continuing, each Lender and each Issuing Bank is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or such Issuing Bank to or for the credit or the account of the Borrower (excluding, for the avoidance of doubt, any Settlement Assets except to effect Settlement Payments such Lender is obligated to make to a third party in respect of such Settlement Assets or as otherwise agreed in writing between the Borrower and such Lender) against any of and all the obligations of the Borrower then due and owing under this Agreement held by such Lender or Issuing Bank, irrespective of whether or not such Lender or Issuing Bank shall have made any demand under this Agreement and although such obligations are owed to a branch or office of such Lender or Issuing Bank 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 First Lien Administrative Agent for further application in accordance with the provisions of Section 2.22 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 First Lien Administrative Agent and the Lenders and (y) the Defaulting Lender shall provide promptly to the First Lien Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The applicable Lender and applicable Issuing Bank shall notify the Borrower and the First Lien Administrative Agent of such setoff and application; provided that any failure to give or any delay in giving such notice shall not affect the validity of any such setoff and application under this Section 9.08. The rights of each Lender and each Issuing Bank under this Section 9.08 are in addition to other rights and remedies (including other rights of setoff) that such Lender or such Issuing Bank may have. Notwithstanding the foregoing, no amount set off from any Loan Party (other than the Borrower) shall be applied to any Excluded Swap Obligation of such Loan Party (other than the Borrower). SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed in accordance with and governed by the laws of the State of New York. (b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court 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, in any action or proceeding arising out of or relating to any First Lien Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding shall be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in any First Lien Loan Document shall affect any right that the First Lien Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding to enforce any award or judgment or exercise any rights under the Security Documents against any Collateral in any other forum in which Collateral is located. (c) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to any First Lien Loan Document in any court referred to in paragraph (b) of this Section 9.09. 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) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing in any First Lien Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law.


-167- SECTION 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY FIRST LIEN LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.10. SECTION 9.11 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. SECTION 9.12 Confidentiality. (a) Each of the First Lien Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its Affiliates and its and their respective directors, officers, employees, trustees and agents, including accountants, legal counsel and other agents and advisors, any numbering, administration or settlement service providers and any provider and broker of credit insurance and re-insurance relating to any Loan Party and its obligations (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 and any failure of such Persons acting on behalf of the First Lien Administrative Agent, any Issuing Bank or the relevant Lender to comply with this Section 9.12 shall constitute a breach of this Section 9.12 by the First Lien Administrative Agent, such Issuing Bank or the relevant Lender, as applicable), (ii) to the extent requested by any regulatory authority or self-regulatory authority, required by applicable law or by any subpoena or similar legal process or in connection with the exercise of remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder; provided that (x) solely to the extent permitted by law and other than in connection with routine audits and reviews by regulatory and self-regulatory authorities, each Lender and the First Lien Administrative Agent shall notify the Borrower as promptly as practicable of any such requested or required disclosure in connection with any legal or regulatory proceeding and (y) in the case of clause (ii) only, each Lender and the First Lien Administrative Agent shall use commercially reasonable efforts to ensure that such Information is kept confidential in connection with the exercise of such remedies; and provided further that in no event shall any Lender or the First Lien Administrative Agent be obligated or required to return any materials furnished by the Borrower or any Subsidiary of Holdings, (iii) to any other party to this Agreement, (iv) subject to an agreement containing confidentiality undertakings substantially similar to those of this Section 9.12, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (B) any actual or prospective counterparty (or its advisors) to any Swap Agreement or derivative transaction relating to any Loan Party or its Subsidiaries and its obligations under the First Lien Loan Documents or (C) any pledgee referred to in Section 9.04(d), (v) if required by any rating agency; provided that prior to any such disclosure, such rating agency shall have agreed in writing to maintain the confidentiality of such Information, (vi) to service providers providing administrative and ministerial services solely in connection with the syndication and administration of the First Lien Loan Documents and the facilities (e.g., identities of parties, maturity dates, interest rates, etc.) on a confidential basis or (vii) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section 9.12 or (y) becomes available to the First Lien Administrative Agent, any Issuing Bank, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than Holdings, the Borrower or any Subsidiary, which source is not known by the recipient of such information to be subject to a confidentiality obligation. For the purposes hereof, “Information” means all information received from or on behalf of Holdings or the Borrower relating to Holdings, the Borrower, any other Subsidiary or their business, other than any such information that is available to the First Lien Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by Holdings, the Borrower or any Subsidiary and other than information


-168- pertaining to this Agreement routinely provided by arrangers to data service providers, including league table providers, that serve the lending industry; provided that, in the case of information received from Holdings, the Borrower or any Subsidiary after the Effective Date, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section 9.12 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. Notwithstanding the foregoing, no such information shall be disclosed to a Disqualified Lender that constitutes a Disqualified Lender at the time of such disclosure without the Borrower’s prior written consent. (b) EACH LENDER ACKNOWLEDGES THAT INFORMATION (AS DEFINED IN SECTION 9.12(a)) FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING HOLDINGS, THE BORROWER, THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. (c) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS FURNISHED BY THE BORROWER OR THE FIRST LIEN ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT, WILL BE SYNDICATE- LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT HOLDINGS, THE BORROWER, THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWER AND THE FIRST LIEN ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. SECTION 9.13 USA PATRIOT Act. Each Lender that is subject to the USA PATRIOT Act and the First Lien Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the First Lien Administrative Agent, as applicable, to identify each Loan Party in accordance with the USA PATRIOT Act. SECTION 9.14 Release of Liens and Guarantees. (a) A Subsidiary Loan Party shall automatically be released from its obligations under the First Lien Loan Documents, and all security interests created by the Security Documents in Collateral owned by such Subsidiary Loan Party shall be automatically released upon the consummation of any transaction or designation permitted by this Agreement as a result of which such Subsidiary Loan Party ceases to be a Restricted Subsidiary (including pursuant to a permitted merger or amalgamation with a Subsidiary that is not a Loan Party or a designation as an Unrestricted Subsidiary) or becomes an Excluded Subsidiary; provided that, if so required by this Agreement, the Required Lenders shall have consented to such transaction and the terms of such consent shall not have provided otherwise; provided, further, that if such Subsidiary Loan Party qualifies as an Excluded Subsidiary pursuant to clause (a) of the definition of such term, such Subsidiary Loan Party so qualifies as a result of a bona fide transaction not undertaken for the primary purpose of obtaining the release of such Subsidiary Loan Party from its obligations under the First Lien Loan Documents (and its Guarantee and any Liens granted by it under the First Lien Loan Documents). Upon any sale, disposition or other transfer by any Loan Party (other than to any other Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral, the security interests in such Collateral created by the Security Documents shall be automatically released. Upon the release of Holdings or any Subsidiary Loan Party from its Guarantee in compliance with this Agreement, the security interest in any Collateral owned by Holdings


-169- or such Subsidiary Loan Party created by the Security Documents shall be automatically released. Upon the designation of a Restricted Subsidiary as an Unrestricted Subsidiary in compliance with this Agreement, the security interest created by the Security Documents in the Equity Interests of such new Unrestricted Subsidiary shall automatically be released. Upon the Termination Date all obligations under the First Lien Loan Documents and all security interests created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section 9.14, the First Lien Administrative Agent or the First Lien Collateral Agent, as the case may be, shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence or to file or register in any office such termination or release so long as the Borrower or applicable Loan Party shall have provided the First Lien Administrative Agent or the First Lien Collateral Agent, as the case may be, such certifications or documents as the First Lien Administrative Agent or the First Lien Collateral Agent, as the case may be, shall reasonably request in order to demonstrate compliance with this Agreement. (b) The First Lien Administrative Agent or the First Lien Collateral Agent, as the case may be, will, at the Borrower’s expense, execute and deliver to the applicable Loan Party or to file or register in any office such documents as such Loan Party may reasonably request to subordinate its Lien on any property granted to or held by the First Lien Administrative Agent or the First Lien Collateral Agent, as the case may be, under any First Lien Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(iv). (c) Each of the Lenders and the Issuing Banks irrevocably authorizes the First Lien Administrative Agent or the First Lien Collateral Agent, as the case may be, to provide any release or evidence of release, termination or subordination contemplated by this Section 9.14. Upon request by the First Lien Administrative Agent or the First Lien Collateral Agent, as the case may be, at any time, the Required Lenders will confirm in writing the First Lien Administrative Agent’s authority or the First Lien Collateral Agent’s authority, as the case may be, to release or subordinate its interest in particular types or items of property, or to release any Loan Party from its obligations under any First Lien Loan Document, in each case in accordance with the terms of the First Lien Loan Documents and this Section 9.14. (d) If in compliance with the terms and provisions of the First Lien Loan Documents (except as permitted thereunder), an Additional Borrower has merged with a Loan Party (other than Holdings) and is not the surviving entity, ceases to be a Subsidiary of Holdings or becomes an Excluded Subsidiary (other than an Immaterial Subsidiary) in accordance with the terms of this Agreement and a Borrower has delivered written notice to the First Lien Administrative Agent specifying in reasonable detail the reason that such Additional Borrower has become an Excluded Subsidiary, then such Additional Borrower shall be automatically released from its obligations under this Agreement and all other First Lien Loan Documents (including under Section 9.03 hereof and its obligations to pledge and grant any Collateral owned by it pursuant to any Security Document) without further action by any person, and First Lien Administrative Agent, First Lien Collateral Agent and the Lenders shall at the sole expense of the Borrower execute and deliver without recourse, representation or warranty all releases or other documents as are reasonably requested by the Borrower to effect and/or evidence such release, so long as the Borrower shall have provided the Agents such certifications or documents as any Agent shall reasonably request in order to demonstrate compliance with this Agreement (which the Lenders authorize the Agents to rely upon in performing their obligations under this paragraph). SECTION 9.15 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other First Lien Loan Document), each of the Borrower and Holdings acknowledges and agrees that (i) (A) the arranging and other services regarding this Agreement provided by the First Lien Administrative Agent, the Joint Lead Arrangers, the Issuing Banks and the Lenders are arm’s-length commercial transactions between the Borrower, Holdings and their respective Affiliates, on the one hand, and the First Lien Administrative Agent, the Joint Lead Arrangers, the Issuing Banks and the Lenders on the other hand, (B) each of the Borrower and Holdings has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each of the Borrower and Holdings is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other First Lien Loan Documents; (ii) (A) each of the First Lien Administrative Agent, the Joint Lead Arrangers, the Issuing Banks and the Lenders is and has been acting solely as a principal and, except as expressly agreed in writing by the


-170- relevant parties, has not been, is not and will not be acting as an advisor, agent or fiduciary for the Borrower, Holdings, any of their respective Affiliates or any other Person and (B) none of the First Lien Administrative Agent, the Joint Lead Arrangers, the Issuing Banks and the Lenders has any obligation to the Borrower, Holdings or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other First Lien Loan Documents; and (iii) the First Lien Administrative Agent, the Joint Lead Arrangers, the Issuing Banks and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower, Holdings and their respective Affiliates, and none of the First Lien Administrative Agent, the Joint Lead Arrangers, the Issuing Banks and the Lenders has any obligation to disclose any of such interests to the Borrower, Holdings or any of their respective Affiliates. To the fullest extent permitted by law, each of the Borrower and Holdings hereby waives and releases any claims that it may have against the First Lien Administrative Agent, the Joint Lead Arrangers, the Issuing Banks and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. SECTION 9.16 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any First Lien Loan Document, the interest paid or agreed to be paid under the First Lien Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”). If the First Lien Administrative 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 or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged or received by the First Lien Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the obligations hereunder. SECTION 9.17 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other First Lien Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the First Lien Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Secured Parties hereunder or under the other First Lien Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the First Lien Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the First Lien Administrative Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the First Lien Administrative Agent from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the First Lien Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the First Lien Administrative Agent in such currency, the First Lien Administrative Agent agrees to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under Requirements of Law). SECTION 9.18 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any First Lien Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any First Lien Loan Document may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:


-171- (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 party hereto that is an Affected Financial Institution; (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 entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other First Lien Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the Write- Down and Conversion Powers of the applicable Resolution Authority. SECTION 9.19 Intercreditor Agreement. (a) Each Secured Party hereby agrees that the First Lien Administrative Agent and/or First Lien Collateral Agent may enter into any intercreditor agreement and/or subordination agreement or amendment thereof pursuant to, or contemplated by, the terms of this Agreement (including with respect to Indebtedness permitted pursuant to Section 6.01, any applicable Liens on Collateral permitted pursuant to Section 6.02 and, in each case, together with the defined terms referenced therein) on its behalf and agrees to be bound by the terms thereof and, in each case, consents and agrees to the appointment of Goldman Sachs (or its affiliated designee, representative, agent or successor) on its behalf as collateral agent, respectively, thereunder. (b) Notwithstanding anything to the contrary in this Agreement or in any other First Lien Loan Document: (a) the Liens granted to the First Lien Collateral Agent in favor of the Secured Parties pursuant to the First Lien Loan Documents and the exercise of any right related to any Collateral shall be subject, in each case, to the terms of the Customary Intercreditor Agreements then in effect, (b) in the event of any conflict between the express terms and provisions of this Agreement or any other First Lien Loan Document, on the one hand, and of any Customary Intercreditor Agreements then in effect, on the other hand, the terms and provisions of the relevant Customary Intercreditor Agreements shall control, and (c) each Lender authorizes the First Lien Administrative Agent and/or the First Lien Collateral Agent to execute any such Customary Intercreditor Agreement (or amendment thereof) on behalf of such Lender, and such Lender agrees to be bound by the terms thereof. SECTION 9.20 Cashless Settlement. Notwithstanding anything to the contrary contained in this Agreement, any Lender may exchange, continue or rollover all or a portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the First Lien Administrative Agent and such Lender. SECTION 9.21 Acknowledgment Regarding Any Supported QFCs. To the extent that the First Lien Loan Documents provide support, through a guarantee or otherwise, for any Swap Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the First Lien 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):


-172- (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 First Lien 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 First Lien Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. (b) As used in this Section 9.21, the following terms have the following meanings: “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. “Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). SECTION 9.22 Acknowledgment of Issuing Lenders and Lenders. (a) Each Lender and Issuing Lender hereby agrees that (x) if the First Lien Administrative Agent notifies such Lender or Issuing Lender that the First Lien Administrative Agent has determined in its sole discretion that any funds received by such Lender or Issuing Lender from the First Lien Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were erroneously transmitted to such Lender or Issuing Lender (whether or not known to such Lender or Issuing Lender), and demands the return of such Payment (or a portion thereof), such Lender or Issuing Lender shall promptly, but in no event later than one Business Day thereafter, return to the First Lien Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender or Issuing Lender to the date such amount is repaid to the First Lien Administrative Agent at the greater of the NYFRB Rate and a rate determined by the First Lien Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect, and (y) to the extent permitted by applicable law, such Lender or Issuing Lender shall not assert, and hereby waives, as to the First Lien Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the First Lien Administrative Agent for the return of any Payments received, including without limitation any defense based on “discharge for value” or any similar doctrine. A notice of the First Lien Administrative Agent to any Lender or Issuing Lender under this Section 9.22 shall be conclusive, absent manifest error. (b) Each Lender or Issuing Lender hereby further agrees that if it receives a Payment from the First Lien Administrative Agent or any of its Affiliates (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the First Lien Administrative Agent (or any of its Affiliates) with respect to such Payment (a “Payment Notice”) or (y) that was not preceded or accompanied by a Payment Notice, it shall be


-173- on notice, in each such case, that an error has been made with respect to such Payment. Each Lender or Issuing Lender agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender or Issuing Lender shall promptly notify the First Lien Administrative Agent of such occurrence and, upon demand from the First Lien Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter, return to the First Lien Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender or Issuing Lender to the date such amount is repaid to the First Lien Administrative Agent at the greater of the NYFRB Rate and a rate determined by the First Lien Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect. (c) The Borrower and each other Loan Party hereby agrees that (x) in the event an erroneous Payment (or portion thereof) are not recovered from any Lender or Issuing Lender that has received such Payment (or portion thereof) for any reason, the First Lien Administrative Agent shall be subrogated to all the rights of such Lender or Issuing Lender with respect to such amount and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any other Loan Party, except to the extent such erroneous Payment is, and solely with respect to the amount of such erroneous Payment that is, compromised of funds received by the First Lien Administrative Agent from the Borrower or any other Loan Party for the purpose of making such erroneous Payment. (d) Each party’s obligations under this Section 9.22 shall survive the resignation or replacement of the First Lien Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender or Issuing Lender, the termination of the Commitments or the repayment, satisfaction or discharge of all Obligations under any Credit Document. [Remainder of Page Intentionally Left Blank.]


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