Common use of Applicable Margin Clause in Contracts

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a) with respect to the Loans (the "Applicable Margin") (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less than sign Adjustments, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 hereof, the Applicable Margin shall be the highest Applicable Margin set forth above until the delivery of such financial statements and certificate.

Applicable Margin. The For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the Applicable Margin provided for in Section ----------------- 5.1 (a) shall be the applicable margin set forth below with respect to the Borrower's Leverage Ratio, as determined for the fiscal period of the Borrower and its Subsidiaries ending immediately prior to the applicable Rate Adjustment Period. ------------------------------------------------------------------ Base Rate Eurodollar Letter of Loans Rate Loans Credit Fee Tier Leverage Ratio (the "Applicable Margin"basis pts) (ibasis pts) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (iibasis pts) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x ------------------------------------------------------------------ ------------------------------------------------------------------ 1 Less than 2.00:1.00 25 175 175 ------------------------------------------------------------------ 2 Less than 2.50:1.00 50 200 200 but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less 2.00:1.00 ------------------------------------------------------------------ 3 Less than sign Adjustments3.00:1.00 75 225 225 but greater than or equal to 2.50:1.00 ------------------------------------------------------------------ 4 Equal to or greater 150 250 250 than 3.00:1.00 ------------------------------------------------------------------ Notwithstanding the foregoing, if any(a) Loans outstanding and Letter of Credit Fees payable during the period commencing on the Closing Date through the date immediately preceding the first Adjustment Date to occur after the fiscal quarter ending September 30, in 1997, the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by a Tier 2, and (b) if the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company Borrower fails to deliver any Compliance Certificate pursuant to ss.9.4(d) hereof then, for the period commencing on the next Adjustment Date to occur subsequent to such financial statements and certificate within failure through the time required by Sections 8.1(b) and 8.2 hereofdate immediately following the date on which such Compliance Certificate is delivered, the Applicable Margin shall be the highest Applicable Margin set forth above until above. Asset Sale. Any one or series of related transactions on which any Person conveys, sells, transfers or otherwise disposes of, directly or indirectly, any of its properties, businesses or assets (including the delivery sale or issuance of such financial statements and certificatecapital stock of any Subsidiary other than to the Borrower or any Subsidiary) whether owned on the Closing Date or thereafter acquired.

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a4.1(a) with respect to the Loans (the "Applicable Margin") (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter immediately preceding Fiscal Quarter for which a Pricing Certificate has been delivered pursuant to Section 7.2: ----------------------------------------------- ---------------------------- Leverage Ratio Applicable Margin ----------------------------------------------- ---------------------------- Less than 1.75 to 1.00 1.50% ----------------------------------------------- ---------------------------- Less than 2.25 to 1.00 but greater than or 2.00% equal to 1.75 to 1.00 ----------------------------------------------- ---------------------------- Less than 2.75 to 1.00 but greater than or 2.50% equal to 2.25 to 1.00 ----------------------------------------------- ---------------------------- Greater than or equal to 2.75 to 1.00 3.0% ----------------------------------------------- ---------------------------- ; provided that, until the delivery of the applicable Officer's Compliance Pricing Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less than sign Adjustmentsfor the first Fiscal Quarter ending after the Closing Date, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made three percent (3.0%) per annum. Upon delivery of the Pricing Certificate by the Borrower to the Administrative Agent pursuant to Section 7.2, the Applicable Margin shall automatically be adjusted in accordance with such Pricing Certificate, such adjustment to become effective on the fifth (5th) next succeeding Business Day after following the receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance such Pricing Certificate; provided that, if at any time a Pricing Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company fails to deliver such financial statements and certificate within is not delivered at the time required by Sections 8.1(b) and 8.2 hereofpursuant to Section 7.2, from the time such Pricing Certificate was required to be delivered until delivery of such Pricing Certificate, the Applicable Margin shall be the highest Applicable Margin maximum percentage amount for the relevant Loan set forth above until the delivery of such financial statements and certificateabove.

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a) with respect applicable to the Term Loans (to be made pursuant to the "Applicable Margin") (i) with respect to Term B Loans, Commitments described herein shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be a percentage per annum determined by reference to the Company Total Leverage Ratio as in effect from time to time, as set forth below: Total Leverage Ratio Libor Loans (bps) ABR Loans (bps) Greater than 4.75 to 1.0 Less than or equal to 4.75 to 1.0 but greater than 4.25 to 1.0 Less than or equal to 4.25 to 1.0 but greater than 3.75 to 1.0 Less than or equal to 3.75 to 1.0 but greater than 3.25 to 1.0 Less than or equal to 3.25 to 1.0 14 On any Business Day (a) in the case of a Eurodollar Borrowing, upon three (3) Business Days notice prior to the date of the end proposed Borrowing or (b) in the case of an ABR Borrowing, upon notice not later than 12:00 p.m., Eastern time, on the date of the fiscal quarter immediately preceding proposed Borrowing. Such notice of Borrowing shall be in the delivery form of a Borrowing Request in accordance with Section 2.03 of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Credit Agreement. 15 With respect to any Term Loan made pursuant to this Term Loan Assumption Agreement, the Term Loan Maturity Date may be any date, provided that such date is no sooner than the Revolving Credit Maturity Date. Each change in the Applicable Margin Applicable Margin resulting from a change in the Total Leverage Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- (which shall be calculated quarterly) shall take effect as of the fifth Business Day following the receipt of the compliance certificate delivered pursuant to Section 8.01(g) of the Credit Agreement. ______________________, 201___16 ___________________ * greater than as Issuing Bank ___________________ ___________________ Attention: ________________ ▇▇▇▇▇ Fargo Bank, National Association, as Administrative Agent ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇. Ladies and Gentlemen: The undersigned, EXLP Operating LLC, a Delaware limited liability company (the “Borrower”), refers to the Credit Agreement, dated as of November 3, 2010 (as amended, modified, restated or equal supplemented from time to sign ** less than sign Adjustmentstime, if anythe “Credit Agreement”), among the Borrower, EXLP Partners, L.P., a Delaware limited partnership, the lenders from time to time party thereto (each, a “Lender” and collectively, the “Lenders”), ▇▇▇▇▇ Fargo Bank, National Association, as the Administrative Agent for such Lenders, and the other Agents party thereto. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Applicable Margin Credit Agreement. [Attached hereto as Annex A is a completed letter of application on the Issuing Bank’s standard form in connection with this request.]17 [I.18 The Borrower hereby requests that __________, as Issuing Bank issue a Letter of Credit, the “Requested Letter of Credit”). The Borrower further requests that the Requested Letter of Credit: (A) be issued on [Business Day]; 16 Must be delivered to the Issuing Bank and the Administrative Agent not later than 12:00 p.m., Eastern time, (i) three Business Days preceding the requested date of issuance and (ii) one Business Day preceding the requested date of any amendment, renewal or extension. 17 If so requested by the Issuing Bank. In the event of any inconsistency between the terms and conditions of the Credit Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of the Credit Agreement shall control. 18 Include part I of this request only if the Borrower is requesting an initial issuance of a Letter of Credit. (B) have an initial stated amount of $______________; (C) expire on the following date: ______________;19 (D) name the following beneficiary (the “Beneficiary”): [name] [address]; (E) be issued for the account of [the Borrower][specify Restricted Subsidiary]; and (F) be issued for the following purpose: [____________] [and attached hereto as Annex D is a copy of the agreement pursuant to which the Requested Letter of Credit is to be provided.]20 Attached hereto as Annex B are copies of the documents and attached hereto as Annex C is the full text of any certificate, each to be presented by the Beneficiary in connection with any drawing under the Requested Letter of Credit.] [II.21 The Borrower hereby requests that the Issuing Bank [amend][renew][extend] the following Letter of Credit _____________ and sets forth the following: (A) the proposed Business Day of the [amendment][renewal][extension] is ____________; and (B) the nature of the of the [amendment][renewal][extension] is ___________.] Very truly yours, EXLP OPERATING LLC By: Name: Title: 19 Each Letter of Credit shall expire (1) not later than (A) 30 days before the Revolving Credit Maturity Date, with respect to commercial letters of credit, and (B) 10 days before the Revolving Credit Loans and Term Maturity Date, with respect to standby letters of credit or (2) up to three years beyond the Revolving Maturity Date, provided that the conditions in Section 2.07(a) of the Credit Agreement are satisfied. 20 If the Requested Letter of Credit is to be provided as security for the obligations of the Borrower or a Subsidiary Guarantor, attach a copy of the agreement pursuant to which the Requested Letter of Credit is to be provided. 21 Include section II only if the Borrower is requesting an amendment, renewal or extension of an outstanding Letter of Credit. 22 Include Annex A Loans if requested by the Issuing Bank. 23 Include Annex B only if this Letter of Credit Request is in connection with the initial issuance of a Letter of Credit. 24 Include Annex C only if this Letter of Credit Request is in connection with the initial issuance of a Letter of Credit. None. Schedule 1.02-1 None. Schedule 6.01(c)-1 None. Schedule 7.03-1 None. Schedule 7.09-1 None. Schedule 7.10-1 1 EXLP Operating LLC Delaware 2 EXLP Leasing LLC Delaware 3 EXLP ABS 2009 LLC Delaware 4 EXLP ABS Leasing 2009 LLC Delaware Schedule 7.13-1 None. Schedule 7.19-1 None. Schedule 7.20-1 1 EXLP Operating LLC Delaware ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇ 2 EXLP Leasing LLC Delaware ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇ 3 EXLP ABS 2009 LLC Delaware ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇ 4 EXLP ABS Leasing 2009 LLC Delaware ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇ Schedule 7.22-1 Each reference to Collateral or to any relevant type or item of Property constituting Collateral shall be made deemed to exclude (i) tangible Property that is not located in the continental United States (including its possessions), (ii) motor vehicles, forklifts and trailers, (iii) voting equity interests in any Foreign Subsidiary required to prevent the Collateral from including more than 66% of all voting equity interests in such Foreign Subsidiary, (iv) any general intangibles or other rights arising under any contract, instrument, license or other document if (but only to the extent that) the grant of a security interest therein would constitute a material violation of a valid and enforceable restriction in favor of a third party, unless and until all required consents shall have been obtained; and (v) any Property subject to a Lien permitted by Section 9.02(b), (c), (d), (e) or (g) of this Agreement, so long as such Lien is in effect. Schedule 8.07-1 1. The Indebtedness. Schedule 9.01-1 1. Liens securing the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company Indebtedness. Schedule 9.02-1 None. Schedule 9.03-1 1. Contribution, Conveyance and Assumption Agreement dated October 20, 2006, pursuant to which Holdings and its Subsidiaries and will convey a portion of their domestic contract compression business to the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 hereof, the Applicable Margin shall be the highest Applicable Margin set forth above until the delivery of such financial statements and certificateEXLP Group.

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.13.1 (a) with respect to the Loans (the "Applicable Margin") shall (i) with respect on the Closing Date equal the percentages set forth in the certificate delivered pursuant to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- Section 4.2(d)(iv) and (ii) with respect for each fiscal quarter thereafter prior to Revolving Credit Loans and Term A Loans, shall the Assumption Date be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Per Annum Leverage Ratio Base Rate + LIBOR Rate + -------------- ------------------------------- *3.00x 0.00% .750% *2.50 **3.00x 0.00% .625% *2.00 **2.50x 0.00% .500% **2.00x 0.00% .425% --------------------- and on and after the Assumption Date be determined by reference to the Leverage Ratio as of the end of the fiscal quarter immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: -------------- * Represents "greater than." ** Represents "less than or equal to." Applicable Margin Per Annum Leverage Ratio Base Rate + LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- + -------------- ------------------------------- *4.75x .125% 1.375% *4.25 **4.75x 0.00% 1.125% *3.50 **4.25x 0.00% .875% *3.50x 0.00% .625% -------------------------- * 10.0x 4.000% 3.000% * 9.0x but Represents greater than ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * Represents greater than or equal to sign ** less than sign Adjustments, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company Borrower and its Designated Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio of the Borrower and its Designated Subsidiaries as of the most recent fiscal quarter end. Subject to Section 5.1(d3.1(d), in the event the Company Borrower fails to deliver such financial statements and certificate within the time required prior to the Assumption Date by Sections 8.1(b) Section 6.2 of the C- TEC Credit Facility and 8.2 hereofon and after the Assumption Date by Section 7.2 of the CCSM Credit Facility, the Applicable Margin shall be the relevant highest Applicable Margin set forth above until the delivery of such financial statements and certificate.

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a4.1(a) with respect to the Loans any Loan (the "Applicable Margin") (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- based upon the table set forth below and shall be determined and adjusted quarterly on the date (each a "Calculation Date") ten (10) Business Days after the date by which the Borrowers are required to provide an Officer's Compliance Certificate for the most recently ended fiscal quarter of the Borrowers; provided, however, that (a) the initial Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- shall be based on Pricing Level IV (as shown below) and (ii) with respect to Revolving Credit Loans and Term A Loansshall remain at Pricing Level IV until the first Calculation Date occurring after the Closing Date and, thereafter the Pricing Level shall be determined by reference to the Company Leverage Ratio as of the end last day of the most recently ended fiscal quarter immediately of the Borrowers preceding the delivery of applicable Calculation Date, and (b) if the applicable Borrowers fail to provide the Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less than sign Adjustmentsrequired by Section 7.2 for the most recently ended fiscal quarter of the Borrowers preceding the applicable Calculation Date, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans from such Calculation Date shall be made by the Administrative Agent based on the fifth Pricing Level I (5thas shown below) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying until such time as an appropriate Officer's Compliance Certificate setting forth is provided, at which time the Company Pricing Level shall be determined by reference to the Leverage Ratio as of the last day of the most recent recently ended fiscal quarter endof the Borrowers preceding such Calculation Date. Subject to Section 5.1(d), The Applicable Margin shall be effective from one Calculation Date until the next Calculation Date. Any adjustment in the event the Company fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 hereof, the Applicable Margin shall be the highest Applicable Margin set forth above until the delivery applicable to all Extensions of such financial statements and certificate.Credit then existing or subsequently made or issued. -------------------------------------------------------------------- --------------- ----------------------------- --------- ------------ PRICING LEVEL LEVERAGE RATIO LIBOR BASE RATE --------------- ----------------------------- --------- ------------ I Greater than or equal to 1.250% 0% 3.00 to 1.00 --------------- ----------------------------- --------- ------------ --------------- ----------------------------- --------- ------------ II Greater than or equal to 1.000% 0% 2.50 to 1.00, but less than 3.00 to 1.00 --------------- ----------------------------- --------- ------------ III Greater than or equal to 0.750% 0% 2.00 to 1.00, but less than 2.50 to 1.00 --------------- ----------------------------- --------- ------------ IV Greater than or equal to 0.625% 0% 1.50 to 1.00, but less than 2.00 to 1.00 --------------- ----------------------------- --------- ------------ V Greater than or equal to 0.500% 0% 1.00 to 1.00 but less than 1.50 to 1.0 --------------- ----------------------------- --------- ------------ VI Less than 1.00 to 1.00 0.400% 0% --------------- ----------------------------- --------- ------------

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a4.1(a) with respect to the Loans (the "Applicable Margin") (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio ----------------------------------------------------------------------------------------------------- LEVERAGE RATIO LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000APPLICABLE MARGIN BASE RATE APPLICABLE MARGIN ----------------------------------------------------------------------------------------------------- Less than 1.75 to 1.00 0.750% 3.0000.00% * 9.0x ----------------------------------------------------------------------------------------------------- Less than 2.25 to 1.00 but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** 1.75 to 1.00 1.00% 0.00% ----------------------------------------------------------------------------------------------------- Less than 3.00 to 1.00 but greater than or equal to 2.25 to 1.00 1.25% 0.25% ----------------------------------------------------------------------------------------------------- Greater than or equal to 3.00 to 1.00 1.50% 0.50% ----------------------------------------------------------------------------------------------------- ; PROVIDED, that notwithstanding the foregoing, for purposes of determining the Applicable Margin, the Leverage Ratio shall be deemed to be less than sign Adjustments3.00 to 1.00 but greater than or equal to 2.25 to 1.00 until the fifth (5th) Business Day following receipt by the Administrative Agent of quarterly financial statements for the Borrower and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Leverage Ratio as of the fiscal quarter ending March 31, 1998. Thereafter, adjustments, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company Borrower and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio of the Borrower and its Subsidiaries as of the most recent fiscal quarter end. Subject to Section 5.1(d4.1(d), in the event the Company Borrower fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 by Section 7.1 hereof, the Applicable Margin shall be the highest Applicable Margin set forth above until the delivery of such financial statements and certificate.

Applicable Margin. The For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the Applicable Margin provided for in Section ----------------- 5.1 (a) shall be the applicable margin set forth below with respect to the Loans (the "Applicable Margin") (i) with respect to Term B LoansBorrower's Leverage Ratio, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of at the end of the fiscal quarter immediately preceding the delivery of the Borrower and its Subsidiaries ended immediately prior to the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio Rate Adjustment Period. Base Rate LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000Credit Commitment Level Leverage Ratio Loans Loans Fees Fees ------- ----------------------- --------- ----------- -------- ----------- I Greater than 0.75:1.00 0.50% 3.0001.50% * 9.0x 1.50% 0.500% ------- ----------------------- --------- ----------- -------- ----------- II Equal to or less than 0.25% 1.25% 1.25% 0.375% 0.75:1.00 but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than 0.50:1.00 ------- ----------------------- --------- ----------- -------- ----------- III Less than or equal to sign ** less than sign Adjustments0.25% 1.25% 1.25% 0.300% 0.50:1.00 ------- ----------------------- --------- ----------- -------- ----------- Notwithstanding the foregoing, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company Borrower fails to deliver any Compliance Certificate pursuant to Section 7.4(c) hereof then, for the period commencing on the Adjustment Date to occur subsequent to such financial statements and certificate within failure through the time required by Sections 8.1(b) and 8.2 hereofdate immediately following the date on which such Compliance Certificate is delivered, the Applicable Margin shall be the highest Applicable Margin set forth above until above. Asset Sale. Any one or series of related transactions in which any Person conveys, sells, transfers or otherwise disposes of, directly or indirectly, any of its properties, businesses or assets (including the delivery sale or issuance of such financial statements and certificatecapital stock of any Subsidiary other than to the Borrower or any Subsidiary) whether owned on the Closing Date or thereafter acquired, excluding, however, in each case, any Excluded Disposition. Balance Sheet Date. December 31, 1999.

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a) with respect to the Loans (the definition of "Applicable Margin") (i) with respect to Term B Loans, " in Section 1.01 of the Credit Agreement shall be amended by adding the following new paragraphs at the end thereof to read as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and "Notwithstanding the foregoing (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to including the Company Leverage Ratio as of the end of the fiscal quarter immediately preceding paragraph), during the delivery of period commencing on the applicable Officer's Compliance Certificate Amendment No. 6 Effective Date through and including December 31, 2001, the schedule set forth above shall read as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate ---------------- ----------- ------------ ------------ ----------- ------------ ----------- ------------ ------------ Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000Revolving Credit Base Rate Euro-currency Loans and Euro-currency Term B Revolving Canadian Letter Term B and and Euro-currency Base Rate Credit Base Rate Of Commitment Term B-1 Term B-1 Term C Term C Period Loans Loans Credit Fees Fees Loans Loans Loans Loans ---------------- ----------- ------------ ------------ ----------- ------------ ----------- ------------ ------------ Period I 3.75% 3.0002.75% * 9.0x but ** 10.0x 3.7503.75% 2.7500.50% * 8.0x but ** 9.0x 3.5004.25% 2.5003.25% * 7.0x but ** 8.0x 3.2504.50% 2.2503.50% * 6.0x but ** 7.0x 3.000---------------- ----------- ------------ ------------ ----------- ------------ ----------- ------------ ------------ Period II 4.25% 2.0003.25% * 5.0x but ** 6.0x 2.7504.25% 1.7500.50% * 4.0x but ** 5.0x 2.5004.75% 1.5003.75% * 4.0x 2.2505.00% 1.2504.00% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than ---------------- ----------- ------------ ------------ ----------- ------------ ----------- ------------ ------------ For purposes hereof, Period I shall be applicable for the period commencing on the Amendment No. 6 Effective Date through and including December 31, 2001, provided that if on or before August 15, 2001, Net Available Proceeds from one or more Asset Dispositions shall not have been applied to the prepayment of Loans and reduction of Commitments hereunder pursuant to Section 2.10 hereof in an amount at least equal to sign ** less than sign AdjustmentsU.S. $150,000,000, if anythen for the period commencing on August 15, 2001 through and including the earlier of December 31, 2001 and the date upon which such prepayment and reduction of Commitments from Asset Dispositions in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans fact occur, Period II shall be made by applicable. In addition to the foregoing if, on or before August 15, 2001, the prepayment and reduction of Commitments as described above have not occurred, then on August 15, 2001 PGI shall pay to the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company account of each of the Lenders a fee in an amount equal to 1/2 of 1% of the sum of (x) the unutilized Commitments of such Lender, (y) the aggregate amount of Letter of Credit Liabilities held by such Lender and its Subsidiaries and (z) the accompanying Officer's Compliance Certificate setting forth outstanding principal amount of the Company Leverage Ratio Loans of such Lender, in each case determined as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 hereof, the Applicable Margin shall be the highest Applicable Margin set forth above until the delivery of such financial statements and certificatedate."

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a) with respect to For each period commencing on an Adjustment Date through ---------- ------ the Loans (the "Applicable Margin") (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter date immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR next Adjustment Date (each a "Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less than sign Adjustments, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(dAdjustment ---- ---------- Period"), in the event the Company fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 hereof, the Applicable Margin shall be the highest applicable margin set forth below ------ with respect to the average weekly Availability during the most recently ended fiscal quarter, as determined by the Administrative Agent pursuant to the weekly Borrowing Base Reports delivered in accordance with Section 8.4(f) herein; provided that, solely for purposes of calculating the Applicable Margin, -------- ---- Availability shall be calculated without giving effect to the Designated Reserve. ------------------------------------------------------------------------- Availability Base LIBOR Letter of Commitment Level Rate Rate Credit Fees Loans Loans Fees ------------------------------------------------------------------------- I Less than $15,000,000 1.50% 3.00% 3.00% 0.50% ------------------------------------------------------------------------- Greater than or equal II to $15,000,000 but less 1.25% 2.75% 2.75% 0.375% than $25,000,000 ------------------------------------------------------------------------- Greater than or equal III to $25,000,000 but less 1.00% 2.50% 2.50% 0.375% than $35,000,000 ------------------------------------------------------------------------- IV Greater than or equal 0.75% 2.25% 2.25% 0.350% to $35,000,000 ------------------------------------------------------------------------- Notwithstanding the foregoing, for the Revolving Credit Loans outstanding and the Letter of Credit Fees and the Commitment Fee payable during the period commencing on the Closing Date through the date immediately preceding the first Adjustment Date to occur after the fiscal quarter ending September 30, 2002, the Applicable Margin shall be the Applicable Margin set forth above until the delivery of such financial statements and certificatein Level II above.

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a) with With respect to the Loans (the "Applicable Margin") (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less than sign Adjustments, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 hereofany Loan, the Applicable Margin shall be determined as a function of the highest Funded Debt Ratio and shall be calculated as set forth below. A. For Revolving Credit Loans and Steam Supply Loans, the Applicable Margin set forth above until for Adjusted LIBOR Rate Loans and Alternate Base Rate Loans shall be as follows: ADJUSTED LIBOR RATE LOANS ALTERNATE BASE RATE LOANS FUNDED DEBT RATIO APPLICABLE MARGIN APPLICABLE MARGIN -------------------- ------------------------- -------------------------- Equal to or greater than 4.00:1.00 3.00 % 0.50 % Equal to or greater than 3.50:1.00, but less than 4.00:1.00 2.75 % 0.25 % Equal to or greater than 2.75:1.00, but less than 3.50:1.00 2.50 % 0.00 % Less than 2.75:1.00 2.25 % 0.00 % B. For Term A Loans, the Applicable Margin for Adjusted LIBOR Rate Loans and Alternate Base Rate Loans shall be as follows: ADJUSTED LIBOR RATE LOANS ALTERNATE BASE RATE LOANS FUNDED DEBT RATIO APPLICABLE MARGIN APPLICABLE MARGIN -------------------- ------------------------- -------------------------- Equal to or greater than 4.00:1.00 3.50 % 1.00 % Equal to or greater than 3.50:1.00, but less than 4.00:1.00 3.25 % 0.75 % Equal to or greater than 2.75:1.00, but less than 3.50:1.00 3.00 % 0.50 % Less than 2.75:1.00 2.75 % 0.50 % C. For Term B Loans, the Applicable Margin for Adjusted LIBOR Rate Loans shall be 1.25 % and for Alternate Base Rate Loans, the Applicable Margin shall be 0.00 % D. The Funded Debt Ratio shall be deemed to be 4.00:1.00 from the Effective Date of the Prior Agreement to and including December 31, 1997. Any change in the Applicable Mar- gin after December 31, 1997, shall be effective upon the date of delivery of such financial statements (i) the annual audited Financial Statements to be delivered pursuant to Section 9.1.A.(1), and certificate.(ii) thereaf- ter shall be determined quarterly from the Financial Statements of the Borrowers most re- cently delivered pursuant to Section 9.1.A.

Applicable Margin. The For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the Applicable Margin provided for in Section ----------------- 5.1 (a) shall be the applicable margin set forth below with respect to Holdings' Leverage Ratio, as determined for the Loans (fiscal period of the "Applicable Margin") (i) with respect Borrower and its Subsidiaries ending immediately prior to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR the applicable Rate Adjustment Period. ------------------------------------------------------------------------------------------------------- Letter Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Eurodollar Rate Commitment of Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000Loans Loans Fees Fees ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- Greater than 4.50:1.00 1.00% 3.0002.50% * 9.0x 0.500% 2.50% ------------------------------------------------------------------------------------------------------- Less than or equal to 0.750% 2.25% 0.375% 2.25% 4.50:1.00 but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less 3.50:1.00 ------------------------------------------------------------------------------------------------------- Less than sign Adjustments3.50:1.00 0.500% 2.00% 0.250% 2.00% ------------------------------------------------------------------------------------------------------- Notwithstanding the foregoing, if any, in the Applicable Margin with respect to (a) for Revolving Credit Loans outstanding, the Letter of Credit Fees and Term A Loans shall be made by the Administrative Agent commitment fee payable during the period commencing on the fifth (5th) Business Day Closing Date through the date immediately preceding the first Adjustment Date to occur after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d)ending September 30, in the event the Company fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 hereof1997, the Applicable Margin shall be the highest Applicable Margin set forth above until above, and (b) if the delivery Borrower fails to deliver any Compliance Certificate pursuant to (S)8.4(d) hereof then, for the period commencing on the next Adjustment Date to occur subsequent to such failure through the date immediately following the date on which such Compliance Certificate is delivered, the Applicable Margin shall be the highest Applicable Margin set forth above. Asset Purchase Agreement. The Asset Purchase Agreement dated as of such financial statements September 30, 1994 by and certificatebetween BNB, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and the Borrower. Assignment and Acceptance. See (S)19.1 hereof. Balance Sheet Date. March 31, 1997.

Applicable Margin. The Applicable Margin provided for in Section ----------------- 5.1 (a) with respect to For each period commencing on an Adjustment Date through the Loans (the "Applicable Margin") (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as of the end of the fiscal quarter date immediately preceding the delivery of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR next Adjustment Date (each a "Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less than sign Adjustments, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(dAdjustment Period"), in the event the Company fails to deliver such financial statements and certificate within the time required by Sections 8.1(b) and 8.2 hereof, the Applicable Margin shall be the highest applicable margin set forth below with respect to the Borrower's Excess Availability for the calendar month ending immediately prior to the applicable Rate Adjustment Period. For purposes of calculating Excess Availability for each calendar month, Excess Availability shall be deemed to be the average daily Excess Availability for such calendar month. ----------------------------------------------------------------------------------- Letter of Credit Base Rate Eurodollar Rate Fee Applicable Applicable Applicable Excess Availability Margin Margin Margin ------------------- ------ ------ ------ ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Greater than $75,000,000 0.25% 2.25% 2.25% ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Less than or equal to $75,000,000 but greater than or equal to $35,000,000 0.50% 2.50% 2.50% ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Less than $35,000,000 0.75% 2.75% 2.75% ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Notwithstanding the foregoing, for Revolving Credit Loans and Letters of Credit outstanding during the period commencing on the Closing Date through June 1, 1997, the Base Rate Applicable Margin set forth above until shall be 0.25%, the delivery Eurodollar Rate Applicable Margin shall be 2.25%, and the Letter of such financial statements and certificateCredit Fee Applicable Margin shall be 2.25%.

Applicable Margin. The For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the Applicable Margin provided for in Section ----------------- 5.1 (a) shall be the applicable margin set forth below with respect to the Loans Leverage Ratio, as determined for the four (the "Applicable Margin"4) (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Ratio as consecutive fiscal quarters then ending of the end Borrower and its Subsidiaries ending on the last day of the fiscal quarter ended immediately preceding the delivery of prior to the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Rate Adjustment Period. ------------------------------------------------------------------------------------------------ Base LIBOR Leverage Applicable Margin Applicable Margin Rate Rate Loans Letter of Commitment Fee Level Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000Loans Credit ------------------------------------------------------------------------------------------------ I Less than to 2.25:1 0.125% 3.0001.125% * 9.0x 1.125% 0.250% ------------------------------------------------------------------------------------------------ II Less than 2.50:1 but ** 10.0x 3.750greater than or 0.250% 2.7501.250% * 8.0x 1.250% 0.300% equal to 2.25:1 ------------------------------------------------------------------------------------------------ III Less than 2.75:1 but ** 9.0x 3.500greater than or 0.375% 2.5001.375% * 7.0x 1.375% 0.350% equal to 2.50:1 ------------------------------------------------------------------------------------------------ IV Less than 3.00:1 but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.5000.500% 1.500% * 4.0x 2.2501.500% 1.2500.375% ---------------------------------------------------------------------------------------------------------- _______________________ * greater than or equal to sign ** less 2.75:1 ------------------------------------------------------------------------------------------------ V Greater than sign Adjustmentsor 0.625% 1.625% 1.625% 0.450% equal to 3.00:1 ------------------------------------------------------------------------------------------------ Notwithstanding the foregoing, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans for the period from the date of Closing until the date of receipt of the Compliance Certificate for the period ending June 30, 2002 shall be made by Level IV above. If the Administrative Agent on the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company Borrower fails to deliver any Compliance Certificate pursuant to (S)8.4(c) hereof, then for the period commencing on the next Adjustment Date to occur subsequent to such financial statements and certificate within failure through the time required by Sections 8.1(b) and 8.2 hereofdate immediately following the date on which such Compliance Certificate is delivered, the Applicable Margin shall be the highest Applicable Margin set forth above until the delivery of such financial statements and certificateabove.

Applicable Margin. The For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the Applicable Margin provided for in Section ----------------- 5.1 (a) shall be the applicable margin set forth below with respect to the Loans (the "Applicable Margin") (i) with respect to Term B Loans, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loans, shall be determined by reference to the Company Leverage Tangible Net Worth Ratio as of the end Borrower and its Subsidiaries as determined on the last day of the fiscal quarter ended immediately preceding the delivery of prior to the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate Adjustment Period. ---------------------------------------------------------------------------- Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000% 3.000% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater LIBOR Letter of Tangible Net Worth Loans Rate Loans Credit Level Ratio Fees ---------------------------------------------------------------------------- I Greater than or equal to sign ** less 1.00:1.00 0% 1.25% 1.25% ---------------------------------------------------------------------------- II Less than sign Adjustments1.00:1.00 but greater than or 0% 1.00% 1.00% equal to 0.75:1.00 ---------------------------------------------------------------------------- III Less than 0.75:1.00 0% .75% .75% ---------------------------------------------------------------------------- Notwithstanding the foregoing, if any(a) for the Revolving Credit Loans outstanding and the Letter of Credit Fees payable during the period commencing on the Closing Date through the date immediately preceding the first Adjustment Date to occur after the fiscal quarter ending September 30, in 2002, the Applicable Margin with respect to Revolving Credit Loans and Term A Loans shall be made by the Administrative Agent on Applicable Margin set forth in Level III above, and (b) if the fifth (5th) Business Day after receipt by the Administrative Agent of quarterly financial statements for the Company and its Subsidiaries and the accompanying Officer's Compliance Certificate setting forth the Company Leverage Ratio as of the most recent fiscal quarter end. Subject to Section 5.1(d), in the event the Company Borrower fails to deliver any Compliance Certificate pursuant to (S)8.4(c) hereof then, for the period commencing on the next Adjustment Date to occur subsequent to such financial statements and certificate within failure through the time required by Sections 8.1(b) and 8.2 hereofdate immediately following the date on which such Compliance Certificate is delivered, the Applicable Margin shall be the highest Applicable Margin set forth above until the delivery of such financial statements and certificateabove.

Applicable Margin. The Applicable Margin APPLICABLE MARGIN provided for in Section ----------------- 5.1Subsection 4.1. (a) with respect to the Loans (the "Applicable Margin") (i) with respect to Term B LoansLOANS shall, shall be as follows: --------------------------------------------------------------------------------------- Applicable Margin Applicable Margin LIBOR Rate Base Rate --------------------------------------------------------------------------------------- 4.750% 3.750% --------------------------------------------------------------------------------------- and (ii) with respect to Revolving Credit Loans and Term A Loansfor each fiscal quarter, shall be determined by reference to the Company Leverage Ratio ratio of CONSOLIDATED TOTAL FUNDED INDEBTEDNESS to EBITDA as set forth below, which ratio shall be calculated as of the end of each fiscal quarter commencing with the fiscal quarter immediately preceding ending June 30, 1996 (EBITDA shall be calculated on a cumulative basis for the delivery four (4) most recent fiscal quarters): APPLICABLE MARGIN PER ANNUM --------------------------- BASE LIBOR RATIO OF CONSOLIDATED TOTAL RATE RATE FUNDED INDEBTEDNESS TO EBITDA LOANS LOANS ------------------------------- ------ ------ Until the first calculation of the applicable Officer's Compliance Certificate as follows: ---------------------------------------------------------------------------------------------------------- Company Leverage Applicable Margin Applicable Margin Ratio LIBOR Rate Base Rate ---------------------------------------------------------------------------------------------------------- * 10.0x 4.000ratio 1.50% 3.0002.75% * 9.0x but ** 10.0x 3.750% 2.750% * 8.0x but ** 9.0x 3.500% 2.500% * 7.0x but ** 8.0x 3.250% 2.250% * 6.0x but ** 7.0x 3.000% 2.000% * 5.0x but ** 6.0x 2.750% 1.750% * 4.0x but ** 5.0x 2.500% 1.500% * 4.0x 2.250% 1.250% ---------------------------------------------------------------------------------------------------------- _______________________ * greater Greater than or equal to sign ** 5.00:1 1.50% 2.75% Greater than or equal to 4.00:1 but less than sign 5.00:1 1.0% 2.25% Greater than or equal to 3.00:1 but less than 4.00:1 0.50% 1.75% Less than 3.00:1 0% 1.25% Adjustments, if any, in the Applicable Margin with respect to Revolving Credit Loans and Term A Loans APPLICABLE MARGIN shall be made by the Administrative Agent ADMINISTRATIVE AGENT on the fifth (5th) Business Day BUSINESS DAY after receipt by the Administrative Agent ADMINISTRATIVE AGENT of quarterly financial statements for the Company BORROWER and its Subsidiaries SUBSIDIARIES and the accompanying Officer's Compliance Certificate OFFICER'S COMPLIANCE CERTIFICATE setting forth the Company Leverage Ratio ratio of CONSOLIDATED TOTAL FUNDED INDEBTEDNESS to EBITDA of the CREDIT PARTIES as of the most recent fiscal quarter end. Subject to Section 5.1(d)the immediately succeeding sentence, in the event the Company ADMINISTRATIVE AGENT makes an adjustment of the APPLICABLE MARGIN pursuant to the terms of this Subsection 4.1.(c), the new APPLICABLE MARGIN shall: (i) retroactively apply and be effective, as to BASE RATE LOANS, commencing with the first calendar day of the month in which the ADMINISTRATIVE AGENT receives the quarterly financial statements of the BORROWER and its SUBSIDIARIES and the accompanying OFFICER'S COMPLIANCE CERTIFICATE evidencing the ratio of CONSOLIDATED TOTAL FUNDED INDEBTEDNESS to EBITDA which is the basis for such adjustment; and (ii) as to LIBOR RATE LOANS, be effective for LIBOR RATE LOANS with INTEREST PERIODS commencing on or after the date, as set forth in the immediately preceding sentence, the ADMINISTRATIVE AGENT makes the adjustment to the APPLICABLE MARGIN. In the event the BORROWER fails to deliver such financial statements and certificate within the time required by Sections 8.1(bSubsections 7.1.(b) and 8.2 Section 7.2 hereof, the Applicable Margin APPLICABLE MARGIN shall be the highest Applicable Margin APPLICABLE MARGIN set forth above until the delivery of such financial statements and certificate.