SUPERPRIORITY SENIOR SECURED DEBTOR-IN-POSSESSION CREDIT AGREEMENT Dated as of January 23, 2020

Exhibit 4.22

SUPERPRIORITY SENIOR SECURED
DEBTOR-IN-POSSESSION CREDIT AGREEMENT

Dated as of January 23, 2020

among

McDermott Technology (Americas), Inc.,

McDermott Technology (US), Inc.,

and

McDermott Technology, B.V.,

each a Borrower and a debtor and debtor-in-possession under the Bankruptcy Code

and

XxXxxxxxx International, Inc.,

as Parent and a debtor and debtor-in-possession under the Bankruptcy Code

and

The Lenders and Issuers Party Hereto

and

Crédit Agricole Corporate and Investment Bank,

as Revolving Administrative Agent

and

Barclays Bank PLC,

as Term Loan Administrative Agent
and

Barclays Bank PLC,

Royal Bank of Canada,

Crédit Agricole Corporate and Investment Bank,

and

ABN AMRO Capital USA LLC,
as Lead Arrangers for the Term Facilities

and

Crédit Agricole Corporate and Investment Bank,

Barclays Bank PLC,

Royal Bank of Canada,

and

ABN AMRO Capital USA LLC,
as Lead Arrangers for the Revolving Facility

and

Barclays Bank PLC,

as Sole Bookrunner for the Term Facilities

and

Crédit Agricole Corporate and Investment Bank,

as Sole Bookrunner for the Revolving Facility

Table of Contents

Page


ARTICLE I Definitions, Interpretation And Accounting Terms		2

Section 1.1	Defined Terms	2
Section 1.2	Computation of Time Periods	51
Section 1.3	Accounting Terms and Principles	51
Section 1.4	Certain Terms	51
Section 1.5	Dutch Terms	52

ARTICLE II The Loans and Letters of Credit		54

Section 2.1	Term Commitments	54
Section 2.2	Borrowing Procedures for the Term Loans	55
Section 2.3	[Reserved]	56
Section 2.4	Letters of Credit	56
Section 2.5	[Reserved]	58
Section 2.6	Cash Secured Letters of Credit	59
Section 2.7	Letters of Credit Generally	62
Section 2.8	Reduction and Termination of the Commitments	68
Section 2.9	Repayment at Maturity	68
Section 2.10	Evidence of Debt	68
Section 2.11	Voluntary Prepayments	69
Section 2.12	Mandatory Prepayments	70
Section 2.13	Interest	72
Section 2.14	Conversion/Continuation Option	73
Section 2.15	Fees	74
Section 2.16	Payments and Computations	75
Section 2.17	Special Provisions Governing Eurodollar Rate Loans	79
Section 2.18	Capital Adequacy	82
Section 2.19	Taxes	82
Section 2.20	Substitution of Lenders	86
Section 2.21	Mitigation	87
Section 2.22	Cash Collateral	87
Section 2.23	Defaulting Lenders	88
Section 2.24	Priority and Liens.	90

ARTICLE III Conditions To Loans And Letters Of Credit		91

Section 3.1	Conditions Precedent to the Effective Date	91
Section 3.2	Conditions Precedent to Final Facility Effective Date	94
Section 3.3	Conditions Precedent to Each Loan and Letter of Credit	95

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Table of Contents

(Continued)


ARTICLE IV Representations and Warranties		96

Section 4.1	Corporate Existence; Compliance with Law	96
Section 4.2	Corporate Power; Authorization; Enforceable Obligations	96
Section 4.3	Ownership of Borrowers; Subsidiaries	98
Section 4.4	Financial Statements	99
Section 4.5	Material Adverse Effect	99
Section 4.6	[Reserved]	99
Section 4.7	Litigation	100
Section 4.8	Taxes	100
Section 4.9	Full Disclosure	100
Section 4.10	Margin Regulations	100
Section 4.11	No Burdensome Restrictions; No Defaults	101
Section 4.12	Statutory Indebtedness Restrictions	101
Section 4.13	Use of Proceeds	101
Section 4.14	Insurance	102
Section 4.15	Labor Matters	102
Section 4.16	ERISA	102
Section 4.17	Environmental Matters	103
Section 4.18	Intellectual Property	104
Section 4.19	Title; Real Property	104
Section 4.20	Mortgaged Vessels	105
Section 4.21	Anti-Corruption Laws and Sanctions	106
Section 4.22	EEA Financial Institution	106
Section 4.23	Security Instruments	106
Section 4.24	Regulation H	106
Section 4.25	USA Patriot Act	107
Section 4.26	Status of Obligations; Perfection and Priority of Security Interests	107
Section 4.27	DIP Orders	107

ARTICLE V Financial Covenants		107

Section 5.1	Permitted Budget Variances	107
Section 5.2	Minimum Adjusted EBITDA	108
Section 5.3	[Reserved]	108
Section 5.4	Maximum Specified Project Charges	108

ARTICLE VI Reporting Covenants		109

Section 6.1	Financial Statements	109
Section 6.2	Collateral Reporting Requirements	112
Section 6.3	Default Notices	113
Section 6.4	Litigation	114
Section 6.5	Labor Relations	114
Section 6.6	Tax Returns	114

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Table of Contents

(Continued)


Section 6.7	Insurance	114
Section 6.8	ERISA Matters	115
Section 6.9	Environmental Matters	116
Section 6.10	Patriot Act Information	116
Section 6.11	Other Information	116

ARTICLE VII Affirmative Covenants		117

Section 7.1	Preservation of Corporate Existence, Etc.	117
Section 7.2	Compliance with Laws, Etc.	117
Section 7.3	Conduct of Business	117
Section 7.4	Payment of Taxes, Etc.	118
Section 7.5	Maintenance of Insurance	118
Section 7.6	Access	119
Section 7.7	Keeping of Books	119
Section 7.8	Maintenance of Properties, Etc.	119
Section 7.9	Application of Proceeds	119
Section 7.10	Environmental	120
Section 7.11	Additional Collateral and Guaranties.	122
Section 7.12	Real Property	123
Section 7.13	Undertaking with Respect to NO 105	124
Section 7.14	Additional Undertakings	125
Section 7.15	Maintenance of Rating	125
Section 7.16	[Reserved]	125
Section 7.17	Chief Transformation Officer	125
Section 7.18	Delivery of Bankruptcy Documents.	125

ARTICLE VIII Negative Covenants		126

Section 8.1	Indebtedness	126
Section 8.2	Liens, Etc.	128
Section 8.3	Acquisitions	129
Section 8.4	Sale of Assets	129
Section 8.5	Restricted Payments	131
Section 8.6	Restriction on Fundamental Changes	133
Section 8.7	Change in Nature of Business	134
Section 8.8	Transactions with Affiliates	134
Section 8.9	Restrictions on Subsidiary Distributions; No New Negative Pledge	134
Section 8.10	Modification of Documents	135
Section 8.11	Accounting Changes; Fiscal Year	135
Section 8.12	Margin Regulations	135
Section 8.13	Sale/Leasebacks	135
Section 8.14	Capital Expenditures	135
Section 8.15	Cancellation of Indebtedness Owed to It	135
Section 8.16	Hedging	136

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Table of Contents

(Continued)


Section 8.17	Post-Termination Benefits	136
Section 8.18	Activities in Panama	136
Section 8.19	Vessel Flags	136
Section 8.20	Payments of Junior Priority Indebtedness	137
Section 8.21	Payments of Existing Senior Indebtedness	137
Section 8.22	Use of Proceeds	137
Section 8.23	Cash Management.	138
Section 8.24	Changes to DIP Orders.	138
Section 8.25	Actions Requiring Prior Requisite Lender Consent.	138

ARTICLE IX Events of Default		139

Section 9.1	Events of Default	139
Section 9.2	Remedies	143
Section 9.3	Actions in Respect of Letters of Credit	144

ARTICLE X The Administrative Agents and Other Agents		144

Section 10.1	Authorization and Action	144
Section 10.2	Administrative Agent’s Reliance, Etc.	146
Section 10.3	The Agents Individually	147
Section 10.4	Lender Credit Decision	147
Section 10.5	Indemnification	147
Section 10.6	Successor Agents	148
Section 10.7	Concerning the Collateral and the Collateral Documents	149
Section 10.8	Collateral Matters Relating to Related Obligations	151
Section 10.9	Other Agents	152
Section 10.10	Certain ERISA Matters	152
Section 10.11	Non-Reliance on Administrative Agent and Other Lenders; Disclosure of Information by Agents	154

ARTICLE XI Miscellaneous		154

Section 11.1	Amendments, Waivers, Etc.	154
Section 11.2	Assignments and Participations	159
Section 11.3	Costs and Expenses	166
Section 11.4	Indemnities	167
Section 11.5	Limitation of Liability	169
Section 11.6	Right of Set-off	170
Section 11.7	Sharing of Payments, Etc.	170
Section 11.8	Notices, Etc.	171
Section 11.9	No Waiver; Remedies	174
Section 11.10	Binding Effect	175
Section 11.11	Governing Law	175
Section 11.12	Submission to Jurisdiction; Service of Process	175
Section 11.13	Waiver of Jury Trial	176

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Table of Contents

(Continued)


Section 11.14	Marshaling; Payments Set Aside	176
Section 11.15	Section Titles	176
Section 11.16	Execution in Counterparts	176
Section 11.17	Entire Agreement	176
Section 11.18	Confidentiality	177
Section 11.19	Judgment Currency	177
Section 11.20	Severability	178
Section 11.21	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	179
Section 11.22	Interest Rate Limitation	179
Section 11.23	Obligations Joint and Several and Unconditional	180
Section 11.24	DIP Orders	180

ARTICLE XII Guaranty		180

Section 12.1	The Guaranty	180
Section 12.2	Obligations Unconditional	181
Section 12.3	Reinstatement	182
Section 12.4	Certain Additional Waivers	181
Section 12.5	Remedies	182
Section 12.6	Guarantee of Payment; Continuing Guarantee	182

ARTICLE XIII Certain Collateral Agency Provisions		182

Section 13.1	Application of Proceeds of Collateral	182
Section 13.2	Application of Withheld Amounts	183
Section 13.3	Release of Amounts in Collateral Account	183
Section 13.4	Collateral Proceeds Distribution Date	184

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Schedules

Schedule I – Revolving Commitments

Schedule II – Revolving Letter of Credit Issuer Commitments

Schedule III – Term Commitments

Schedule IV – Milestones

Schedule V – Guarantors

Schedule VI – Scheduled Dispositions

Schedule 1.1 – Effective Date Joint Ventures

Schedule 3.1 – Effective Date Deliverables

Schedule 3.1(d) – Excluded Good Standing Certificates

Schedule 3.1(h) – Excluded Equity Certificates

Schedule 4.3 – Ownership of Subsidiaries

Schedule 4.7 – Litigation

Schedule 4.15 – Labor Matters

Schedule 4.16(d) – ERISA Events

Schedule 4.17 – Environmental Matters

Schedule 4.19 – Real Property

Schedule 7.14 – Post-Effective Date Deliverables and Undertakings

Schedule 8.1 – Existing Indebtedness

Schedule 8.2 – Existing Liens

Schedule 8.5 – Existing Investments

Schedule 8.8 – Affiliate Agreements

Schedule 8.19 – Permitted Flags

Annexes

Annex 3.2 – Conditions Precedent to Final Facility Effective Date

Exhibits

Exhibit A – Form of Assignment and Acceptance

Exhibit B – Form of Term Promissory Note

Exhibit C – Form of Notice of Term Borrowing

Exhibit D – Form of Interim DIP Order

Exhibit E – Form of Letter of Credit Request

Exhibit F – Form of Notice of Conversion or Continuation

Exhibit G – Global Intercompany Note

Exhibit H – Form of Compliance Certificate

Exhibit I – Forms of Tax Certificates

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THIS SUPERPRIORITY SENIOR SECURED DEBTOR-IN-POSSESSION CREDIT AGREEMENT (this “Agreement”) dated as of January 23, 2020 is among McDermott Technology (Americas), Inc., a Delaware corporation, McDermott Technology (US), Inc., a Delaware corporation and McDermott Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (each a “Borrower” and a debtor and debtor-in-possession under the Bankruptcy Code and collectively, the “Borrowers”), XxXxxxxxx International, Inc., a Panamanian corporation (the “Parent” and a debtor and debtor-in-possession under the Bankruptcy Code), the Lenders (as defined below), the Issuers (as defined below), Credit Agricole Corporate and Investment Bank, as administrative agent for the Revolving Facility (as defined below) (in such capacity, and together with its successors pursuant to Section 10.6, the “Revolving Administrative Agent”) and Barclays Bank PLC as administrative agent for the Term Facilities (as defined below) (in such capacity, and together with its successors pursuant to Section 10.6, the “Term Loan Administrative Agent” and together with the Revolving Administrative Agent, each an “Administrative Agent” and together the “Administrative Agents”).

INTRODUCTION

A.On or about January 21, 2020 (the “Petition Date”) the Parent, the Borrowers and certain Subsidiaries of the Parent (each a “Debtor” and, together with any other Subsidiaries of the Parent that become debtors-in-possession in the Cases, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (each case of the Borrowers and each other Debtor, a “Case” and collectively, the “Cases”).

B.The Borrowers have requested that the Lenders provide the Borrowers with a debtor-in-possession, superpriority, senior secured credit facility in an aggregate principal amount of up to $2,809,000,000.00 in Commitments and Loans from the Lenders, which shall consist of (x) term loan credit facilities consisting of (i) a new money term loan facility in the aggregate principal amount of up to $1,200,000,000.00 and (ii) a $800,000,000.00 term loan to roll up the Existing Super-Priority Term Loans, certain interest and fees accrued and unpaid in respect of the Existing Super-Priority Term Loans and the make-whole amount due in respect of the Existing Super-Priority Term Loans as of the Petition Date, (y) a letter of credit facility of up to $743,000,000.00 for the issuance of Letters of Credit (including the roll up and deemed issuance hereunder of the Existing Super-Priority Letters of Credit) and (z) the roll-up of certain fees and other amounts accrued and unpaid in respect of the Existing Super-Priority Letters of Credit. The debtor-in-possession, superpriority, senior secured credit facility shall be afforded the liens and priority set forth in the DIP Orders and as set forth in the other Loan Documents and shall be used during the Cases for the purposes set forth in Section 4.13, subject in all respects to the terms set out herein and in the other Loan Documents. All of the claims and the Liens granted under the DIP Orders to the Administrative Agents and the Lenders in respect of the Facilities shall be subject to the Carve Out.

C.The Lenders are willing to extend such credit to the Borrowers, on the terms and subject to the conditions set forth herein and, when entered, the DIP Orders.

Therefore, the parties to this Agreement agree as follows:

ARTICLE I

Definitions, Interpretation And Accounting Terms

Section 1.1Defined Terms

As used in this Agreement, the following terms have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined):

“Acquisition” means, with respect to any Person, any transaction, or series of related transactions by which such Person (a) acquires any ongoing business or all or substantially all of the assets of any Person or group of Persons, or division thereof constituting an ongoing business, whether through purchase of assets, merger or otherwise or (b) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership interests of a partnership, limited liability company, or other entity that is not a corporation constituting an ongoing business; provided, however, that any acquisition of assets, equity securities or ownership interests of a Person that is a Subsidiary of such Person prior to such acquisition shall not constitute an “Acquisition” hereunder.

“Adequate Protection Liens” has the meaning ascribed to such term in the Interim DIP Order or, upon entry of the Final DIP Order, in the Final DIP Order, as applicable.

“Adequate Protection Payments ” means the adequate protection payments to the Prepetition Secured Parties pursuant to the terms of the DIP Orders.

“Administrative Agents” has the meaning specified in the preamble to this Agreement.

“Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Applicable Administrative Agent.

“Affiliate” means, with respect to any Person, any other Person, directly or indirectly, controlling or that is controlled by or is under common control with such Person. For the purposes of this definition, “control” means the possession of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise, but excluding any rights under the Restructuring Support Agreement. The terms “controlled” and “controlling” shall have the meaning correlative thereto.

“Agents” means each of the Administrative Agents, the Collateral Agent, the Arrangers and the Bookrunners.

“Agreement” has the meaning specified in the preamble to this Agreement.

“Altamira Yard” means the property in the industrial development zone adjacent to the Altamira Port, with a surface of 232,511.663 square meters and identified as Polygon 1 “D” (Polígono “D”), located in Altamira, State of Tamaulipas, Mexico.

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“Alternate Program” means any program providing for the sale or other disposition of trade or other receivables entered into by the Parent or a Restricted Subsidiary of the Parent on terms customary for such financing transactions, the terms of which arrangement do not impose any recourse or repurchase obligations upon the Parent or any Restricted Subsidiary except for reasonably customary representations, warranties, covenants and indemnities in connection therewith.

“Alternate Program Indebtedness” means, as to any Person at any time, the liabilities of such Person under an Alternate Program that would be outstanding at such time thereunder if the same were structured as a secured lending arrangement rather than a purchase and sale arrangement.

“Alternative Currency” means, at any time, any lawful currency (other than Dollars) of any of the G-20 Countries (or any other currency acceptable to each Administrative Agent in its sole discretion) that at such time is readily available and freely transferable and convertible into Dollars.

“Alternative Currency Cap” means $150,000,000.00.

“Amazon” means the marine construction vessel with IMO number 9698094.

“Amazon Entity” means McDermott (DLV 2000) Chartering, Inc., a Panamanian corporation.

“Amazon Letter of Credit” means the letter of credit number 932438049 issued by Credit Agricole Corporate and Investment Bank New York to back the demand guarantee issued by Credit Agricole Corporate and Investment Bank Sweden Branch in favor of OMP NSF Malta Ltd. for an amount of USD $59,800,000.00 in relation to the Amended and Restated Bareboat Charter contract dated 27 July 2018 by and between OMP NSF Malta Ltd and McDermott (Amazon Chartering), Inc.

“Ancillary Tech Sale” means, unless done in connection with the Technology Business Sale, the disposition of certain assets and equity interests of Xxxxxx Consultants International Ltd. and Xxxxxx Consultants International LLC.

“Ankura” means Ankura Consulting Group, LLC.

“Anti-Corruption Laws” means any laws, rules or regulations applicable to the Parent or its Subsidiaries relating to bribery or corruption, including (a) the United States Foreign Corrupt Practices Act of 1977, as amended, (b) the United Kingdom Bribery Act of 2010, as amended, and (c) any other similar law, rule or regulation in any jurisdiction applicable to the Parent or any of its Subsidiaries.

“Anti-Money Laundering Laws” means any laws or regulations relating to money laundering or terrorist financing in any jurisdiction applicable to the Parent or any of its Subsidiaries.

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“Applicable Administrative Agent” means (a) in respect of the Revolving Facility, the Revolving Administrative Agent and (b) in respect of the Term Facilities, the Term Loan Administrative Agent.

“Applicable Commitments” means (a) in respect of the Revolving Facility, the Revolving Commitments and (b) in respect of the New Money Term Facility, the Term Commitments.

“Applicable Lenders” means (a) with respect to the Revolving Facility, the Revolving Lenders, (b) with respect to the Term Facilities as a whole, the Term Lenders, (c) with respect to the New Money Term Facility, the Term Lenders thereunder and (d) with respect to the Refinanced Term Facility, the Term Lenders thereunder.

“Applicable Lending Office” means, with respect to each Lender, its Domestic Lending Office in the case of a Base Rate Loan, and its Eurodollar Lending Office in the case of a Eurodollar Rate Loan.

“Applicable Reimbursement Obligations” means (a) in respect of the Revolving Letters of Credit, the Revolving Reimbursement Obligations and (b) in respect of the Cash Secured Letters of Credit, the Cash Secured Reimbursement Obligations.

“Applicable Requisite Lenders” means (a) in respect of the Revolving Facility, the Requisite Revolving Lenders and (b) in respect of the Term Facilities, the Requisite Term Lenders.

“Approved Budget” means the 13-week cash flow and Letter of Credit forecast most recently approved pursuant to Section 6.1(d); provided that until the first such delivery under Section 6.1(d), “Approved Budget” means the 13-week cash flow and Letter of Credit forecast delivered to the Lenders before the Effective Date.

“Approved Fund” means, with respect to a Lender, any Fund that is advised or managed by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity or Affiliate of an entity that administers or manages such Lender.

“Arrangers” means each of ABN AMRO Capital USA LLC, Barclays, Credit Agricole, and Royal Bank of Canada, as a lead arranger for the credit facilities evidenced by this Agreement.

“Asset Sale” has the meaning specified in Section 8.4.

“Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an Eligible Assignee in substantially the form of Exhibit A or any other form approved by the Applicable Administrative Agent.

“Authorized Officer” means any Responsible Officer or any other Person designated as an “Authorized Officer” or “Authorized Person” of a Loan Party by prior written notice from such Loan Party to each Administrative Agent, including, without limitation, pursuant to any certificate delivered pursuant to Section 3.1.

“Automatic Stay” means the automatic stay under Section 362 of the Bankruptcy Code in respect of the Cases.

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“Auto-Renewal LC” has the meaning set forth in Section 2.7(b).

“Avoidance Actions” has the meaning set forth in Section 2.24(a)(ii).

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

“Bankruptcy Code” means title 11 of the United States Code, 11 U.S.C. §§ 101–1532, as may be amended from time to time.

“Bankruptcy Court” shall mean the United States Bankruptcy Court for the Southern District of Texas (or any other court having jurisdiction over the Cases from time to time).

“Barclays” means Barclays Bank PLC.

“Base Rate” means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall be equal to the greatest of the following:

(a)the Prime Rate then in effect;

(b)0.5% per annum plus the Federal Funds Rate then in effect; and

If the Applicable Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Rate or the Eurodollar Rate for any reason, including the inability of such Administrative Agent to obtain sufficient quotations in accordance with the terms of the definition thereof, the “Base Rate” for the Facilities over which such Administrative Agent is the Applicable Administrative Agent shall be determined without regard to clause (b) or (c), as applicable, above until the circumstances giving rise to such inability no longer exist; provided that at no time will the Base Rate be deemed to be less than 0% per annum. Any change in the Base Rate due to a change in the Eurodollar Rate, the Federal Funds Rate or the Prime Rate shall be effective on the effective date of such change in the Eurodollar Rate, the Federal Funds Rate or the Prime Rate, respectively.

“Base Rate Loan” means any Loan during any period in which it bears interest based on the Base Rate.

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code that is subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

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“Bookrunners” means each of Barclays, as sole bookrunner for the Term Facilities, and Credit Agricole, as sole bookrunner for the Revolving Facility.

“Borrower” has the meaning specified in the preamble to this Agreement.

“Borrowing” means Term Loans to the same Borrower of the same Type and Facility made, converted or continued on the same date and, in the case of Eurodollar Rate Loans, as to which a single Interest Period is in effect.

“Business Combination” shall have the meaning set forth in the Existing First-Lien Credit Agreement.

“Business Day” means a day of the year on which banks are not required or authorized to close in New York City and, if the applicable Business Day relates to notices, determinations, fundings and payments in connection with the Eurodollar Rate or any Eurodollar Rate Loans, a day on which dealings in Dollar deposits are also carried on in the London interbank market.

“Capital Expenditures” means, with respect to any Person for any period:

(a)the aggregate of amounts that would be reflected as additions to property, plant or equipment on a consolidated balance sheet of such Person and its Subsidiaries prepared in conformity with GAAP, excluding interest capitalized during construction; minus

(b)the aggregate of such amounts used to acquire assets useful in the Parent’s and its Restricted Subsidiaries’ business to the extent such amounts arose from a sale or disposition of equipment described in Section 8.4(c);

excluding, however, in the case of the above clause (a), (i) such amounts to the extent financed with the proceeds of Indebtedness permitted to be incurred under Section 8.1(d), (ii) such amounts to the extent financed with insurance or condemnation proceeds received with respect to loss of, damage to or taking of property of the Parent or any of its Subsidiaries, (iii) such amounts that are capitalized and are relating to asset retirement obligations, and (iv) such amounts recovered or recoverable in the price of a contract with a customer of the Parent or a Restricted Subsidiary.

“Capital Lease” means, with respect to any Person, any lease of (or other arrangement conveying the right to use) property by such Person as lessee that would be accounted for as a capital lease on a balance sheet of such Person prepared in conformity with GAAP. Notwithstanding the foregoing, any lease that would have been accounted for as an operating lease on a balance sheet of such Person prepared in conformity with GAAP as in effect on December 31, 2017 shall be deemed not to be a Capital Lease.

“Capital Lease Obligations” means, with respect to any Person, the capitalized amount of all obligations of such Person or any of its Restricted Subsidiaries under Capital Leases, as determined on a consolidated basis in conformity with GAAP.

“Captive Insurance Subsidiary” means each captive insurance company that is a Subsidiary of the Parent. As of the Effective Date, the only Captive Insurance Subsidiaries are (a) Boudin Insurance Company, Ltd., a Bermuda corporation, (b) Woodlands International Insurance Ltd, an Irish corporation, and (c) Lone Star Risk Corporation, a Texas corporation.

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“Carve Out” shall have the meaning assigned to such term in the Interim DIP Order or, following entry of the Final DIP Order, the Final DIP Order.

“Cases” shall have the meaning assigned to such term in the recitals hereto.

“Cash Equivalents” means:

(a)securities issued or fully guaranteed or insured by the United States government or any agency thereof;

(b)certificates of deposit, eurodollar time deposits, overnight bank deposits and bankers’ acceptances of (i) any commercial bank organized under the laws of the United States, any state thereof, the District of Columbia, any foreign bank organized in a country belonging to the OECD, or any branch or agency of any of the foregoing, in each case if such bank has a minimum rating at the time of investment of A-1+ by S&P or P-1 by Moody’s, or (ii) any Revolving Lender or any branch or agency of any Revolving Lender;

(c)commercial paper with a minimum rating of A-1 or AAA by S&P or P-1 or Aaa by Moody’s at the time of acquisition thereof;

(d)demand deposit accounts;

(e)(i) shares of any money market fund that has net assets of not less than $500,000,000.00 and satisfies the requirements of rule 2a-7 under the Investment Company Act of 1940 and (ii) shares of any offshore money market fund that has net assets of not less than $500,000,000.00 and a $1.00 net asset mandate;

(f)fully collateralized repurchase agreements; and

(g)other investments permitted by the XxXxxxxxx International Investments Co., Inc. Enhanced Liquidity Portfolio Guidelines dated as of July 21, 2008 (as amended and delivered to the Administrative Agents prior to the Effective Date and as may be otherwise amended from time to time in a manner reasonably satisfactory to each Administrative Agent (provided that the foregoing restriction on amendments shall only be in respect of the inclusion of Cash Equivalents pursuant to this clause (g) and shall not be deemed to be a restriction on any amendment thereto)), or any other cash management guidelines approved by the Parent and the Administrative Agents;

provided, however, that the maturities of all obligations of the type described in clauses (a), (b) and (c) above shall not exceed one year from the date of acquisition thereof.

“Cash Management Order” means the Final Order entered by the Bankruptcy Court (i) authorizing the Debtors to continue using their existing cash management system post-petition in the ordinary course, and (ii) granting certain related relief, in form and substance satisfactory to the Administrative Agents and the Collateral Agent (in their capacities as such), the Requisite Revolving Lenders and the Requisite Term Lenders, as the same may be amended, modified or supplemented from time to time with the prior written consent of the Administrative Agents, the Collateral Agent, the Requisite Revolving Lenders and the Requisite Term Lenders.

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“Cash Secured XX Xxxx Collateral Account” means the cash collateral deposit account or securities account established pursuant to, and subject to the terms of, Section 2.6(b) for the purpose of cash collateralizing the obligations in respect of Cash Secured Letters of Credit.

“Cash Secured XX Xxxx Collateral Account Balance” means, at any time, the aggregate amount on deposit in the Cash Secured XX Xxxx Collateral Account.

“Cash Secured XX Xxxx Collateral Account Control Agreement” means a control agreement dated on or after the Effective Date among one or more Borrowers, the Collateral Agent, and the applicable depositary bank or securities intermediary in form and substance satisfactory to each of the parties thereto.

“Cash Secured XX Xxxx Coverage Requirement” shall have the meaning assigned to it in Section 2.6(b).

“Cash Secured LC Facility” means the letter of credit facility evidenced by this Agreement and described in Section 2.6.

“Cash Secured LC Issuer” means each Person that becomes a Cash Secured LC Issuer with the approval of the Revolving Administrative Agent and the Borrowers and that has executed an agreement with and in form and substance satisfactory to the Revolving Administrative Agent and the Borrowers to be bound by the terms hereof applicable to Cash Secured LC Issuers.

“Cash Secured LC Obligations” means, at any time, without duplication, the aggregate amount equal to the sum of (a) the Cash Secured Reimbursement Obligations at such time (or, for any Cash Secured Reimbursement Obligations in any Alternative Currency, the Dollar Equivalent thereof at such time) and (b) the Cash Secured LC Undrawn Amounts at such time.

“Cash Secured LC Undrawn Amounts” means, at any time, the aggregate undrawn amount of all Cash Secured Letters of Credit outstanding at such time (or, for any Cash Secured Letter of Credit denominated in an Alternative Currency, the Dollar Equivalent thereof at such time).

“Cash Secured Letter of Credit” means each letter of credit issued pursuant to Section 2.6.

“Cash Secured Reimbursement Obligations” means all outstanding matured reimbursement or repayment obligations payable to any Cash Secured LC Issuer with respect to amounts drawn under Cash Secured Letters of Credit.

“CBI Legacy Projects” means the projects known or referred to as Cameron LNG, Freeport LNG, Duke Asheville, LACC, Calpine, IPL – Eagle Valley, Entergy – St. Xxxxxxx, Entergy – Lake Xxxxxxx, Entergy – Xxxxxxxxxx County, Entergy – NOLA, TOTAL Ethane and MOX.

“Centerview” means Centerview Partners LLC.

“Change in Law” means the occurrence, after the Effective Date, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive

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(whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (i) the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or United States or foreign regulatory agencies, in each case, pursuant to Basel III or CRR, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued.

“Change of Control” means any of the following:

(a)any “person” or “group” (within the meaning of Rule 13d-5 of the Securities Exchange Act of 1934 as in effect on the date hereof) (excluding the Parent and its Subsidiaries and excluding underwriters in the course of their distribution of Voting Stock in an underwritten registered public offering provided such underwriters shall not hold such Stock for longer than five Business Days) (i) shall own directly or indirectly, beneficially or of record, Stock representing more than 40% of either the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding Stock in the Parent or (ii) shall have obtained the power (whether or not exercised) to elect a majority of the members of the board of directors of the Parent; or

(b)the Parent shall cease to own and control, directly or indirectly, 100% of the issued and outstanding Voting Stock of any Borrower on a fully diluted basis.

“Chief Transformation Officer” means Xxxx Xxxxxxxxxx or another Person reasonably acceptable to the Requisite Lenders, in each case, who has been appointed to serve as the Parent’s chief transformation officer and who shall report to the Parent’s chief executive officer and board of directors.

“Closing Date Financial Statements” means (a) audited consolidated balance sheets of the Parent as at the end of each of the 2017 and 2018 Fiscal Years, and related statements of operations, comprehensive income (loss), stockholders’ equity and cash flows of the Parent for each of the 2017 and 2018 Fiscal Years and (b) an unaudited consolidated balance sheet of the Parent as at the end of, and related statements of operations, comprehensive income (loss) and cash flows of the Parent for, each Fiscal Quarter (and the corresponding quarter in the prior Fiscal Year), other than the fourth Fiscal Quarter of the Parent’s Fiscal Year, subsequent to the date of the most recent audited financial statements of the Parent and ended more than 45 days prior to the Effective Date.

“Code” means the Internal Revenue Code of 1986 (or any successor legislation thereto).

“Collateral” means all property and interests in property and proceeds thereof now owned or hereafter acquired by any Loan Party in or upon which a Lien is granted or purported to be granted under any Collateral Document, including, for the avoidance of doubt, pursuant to the DIP Orders. For the avoidance of doubt, “Collateral” shall in no event include Separate Collateral (as defined in the Existing Collateral Agency and Intercreditor Agreement).

“Collateral Account” has the meaning set forth in the Collateral Agency Agreement.

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“Collateral Agency Agreement” means that certain Collateral Agency Agreement dated as of the Effective Date, by and among the Borrowers, the Parent, the other Grantors (as such term is defined therein) party thereto from time to time, Credit Agricole, as Revolving Administrative and Collateral Agent (as such term is defined therein) and Barclays, as Term Loan Administrative Agent (as such term is defined therein).

“Collateral Agent” has the meaning set forth in the Collateral Agency Agreement.

“Collateral Documents” means the DIP Orders, the Pledge and Security Agreement, the Mortgages, and any other document executed and delivered by a Loan Party granting or perfecting a Lien on any of its property to secure payment of the Obligations.

“Collateral Proceeds Distribution Date” has the meaning set forth in Section 13.1.

“Commitment” means, with respect to each Lender, its Revolving Commitment or Term Commitment.

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

“Compliance Certificate” has the meaning specified in Section 6.1(c).

“Confirmation Order” means an order of the Bankruptcy Court entered in the Cases pursuant to section 1129 of the Bankruptcy Code, which order shall confirm the Plan of Reorganization, and shall be in form and substance satisfactory to the Requisite Term Lenders and Requisite Revolving Lenders and, solely with respect to provisions that affect the Administrative Agents (in their capacity as such), satisfactory to the Administrative Agents.

“Consolidated Net Income” means, for any period, the net income (or loss) of the Parent and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.

“Constituent Documents” means, with respect to any Person, (a) the articles of incorporation, certificate of incorporation or certificate of formation (or the equivalent organizational documents) of such Person and (b) the by‑laws, operating agreement or partnership agreement (or the equivalent governing documents) of such Person.

“Contaminant” means any material, substance or waste that is classified, regulated or otherwise characterized under any Environmental Law as hazardous, toxic, a contaminant or a pollutant or by other words of similar meaning or regulatory effect, including any petroleum or petroleum‑derived substance or waste, asbestos and polychlorinated biphenyls.

“Contingent Obligation” as applied to any Person, means any Contractual Obligation, contingent or otherwise, of that Person with respect to any Indebtedness of another or other obligation or liability of another, including, without limitation, any such Indebtedness, obligation or liability of another directly or indirectly guaranteed, endorsed (otherwise than for collection or deposit in the ordinary course of business), co-made or discounted or sold with recourse by that Person, or in respect of which that Person is otherwise directly or indirectly liable, including

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Contractual Obligations (contingent or otherwise) arising through any agreement to purchase, repurchase, or otherwise acquire such Indebtedness, obligation or liability or any security therefor, or to provide funds for the payment or discharge thereof (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, or other financial condition of another Person, or to make payment on behalf of another Person other than for value received. The amount of any Contingent Obligation shall be equal to the present value of (x) the portion of the stated or determinable obligation so guaranteed or otherwise supported, in the case of known obligations, and (y) the maximum reasonably anticipated liability of such Person in respect of the portion of the obligation so guaranteed or otherwise supported assuming such Person is required to perform thereunder, in all other cases.

“Contractual Obligation” of any Person means any obligation, agreement, undertaking or similar provision of any Security issued by such Person or of any agreement, undertaking, contract, lease, indenture, mortgage, deed of trust or other instrument (excluding the Loan Documents) to which such Person is a party or by which it or any of its property is bound.

“Control Agreement” means an agreement of the type described in Section 5.13 or Section 5.14 of the Pledge and Security Agreement, as applicable.

“Credit Agricole” means Crédit Agricole Corporate and Investment Bank.

“CRR” means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012.

“Customary Permitted Liens” means, with respect to any Person, any of the following Liens:

(a)Liens with respect to the payment of Taxes, assessments or governmental charges, including any netting or set-off, arising as a result of the existence of a fiscal unity (fiscale eenheid) for Dutch tax purposes, in each case that are not yet due or that are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by GAAP and, in the case of any Collateral, there is no material risk of forfeiture of such property;

(b)Liens of landlords arising by statute or lease contracts entered into in the ordinary course, inchoate, statutory or construction liens, maritime liens and liens of suppliers, mechanics, carriers, materialmen, warehousemen, producers, operators or workmen and other liens imposed by law created in the ordinary course of business for amounts not yet due or that are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by GAAP;

(c)liens, pledges or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance or other types of social security benefits, assessments, statutory obligations or other similar charges or to secure the performance of bids, tenders, sales, leases, contracts (other than for the repayment of borrowed money) or in connection with surety, appeal, customs or performance bonds or other similar instruments;

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(d)encumbrances arising by reason of zoning restrictions and other restrictions on use imposed by any Governmental Authority, easements, licenses, reservations, covenants, rights-of-way, restrictions and other similar encumbrances on the Real Property, and minor defects in the chain of title, not materially interfering with the ordinary conduct of the business conducted at such Real Property by the Parent or any of its Subsidiaries as currently used;

(e)encumbrances arising under leases or subleases of, or other use or occupancy agreements for, the Real Property or to which such leases, subleases or other occupancy agreements are subject, that do not, individually or in the aggregate, materially interfere with the ordinary conduct of the business conducted at such Real Property by the Parent or any of its Subsidiaries as currently conducted;

(f)Liens arising under any indenture or other instrument governing similar term Indebtedness, in each case that is permitted pursuant to the terms of Section 8.1 hereof, to secure obligations in favor of the trustee, agent or representative under such indenture or other instrument; provided that such Liens (i) are solely for the benefit of the trustees, agents or representatives in their capacities as such, (ii) do not secure indebtedness for borrowed money and (iii) are not for the benefit of the holders of or lenders under such Indebtedness;

(g)liens, pledges or deposits relating to escrows established in connection with the purchase or sale of property otherwise permitted hereunder and the amounts secured thereby shall not exceed the aggregate consideration in connection with such purchase or sale (whether established for an adjustment in purchase price or liabilities, to secure indemnities, or otherwise); and

(h)bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to cash and Cash Equivalents on deposit in one or more accounts maintained by the Parent or any Restricted Subsidiary of the Parent, in each case granted in the ordinary course of business in favor of the bank or banks with which such accounts are maintained, securing amounts owing to such bank with respect to cash management and operating account arrangements, including those involving pooled accounts and netting arrangements; provided that, unless such Liens are non-consensual and arise by operation of law, in no case shall any such Liens secure (either directly or indirectly) the repayment of any Indebtedness.

“Xxxxx Xxxx” means Xxxxx Xxxx & Xxxxxxxx LLP.

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

“Debtors” is defined in the recitals hereto.

“Default” means any event that, with the passing of time or the giving of notice or both, would become an Event of Default.

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“Defaulting Lender” means, subject to Section 2.23(b), any Lender that, as determined by the Applicable Administrative Agent:

(a)has failed to perform any of its funding obligations hereunder, including in respect of its Loans or its participations in respect of Letters of Credit, within three Business Days of the date required to be funded by it hereunder unless such Lender notifies the Applicable Administrative Agent and the Parent in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied;

(b)has notified the Parent, a Borrower, an Administrative Agent or any Lender that it does not intend to comply with its funding obligations hereunder or has made a public statement to that effect with respect to its funding obligations hereunder or generally under other agreements in which it commits to extend credit (unless such writing or public statement relates to such Lender’s funding obligations hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied);

(c)has failed, within three Business Days after delivery of a request in writing by the Applicable Administrative Agent, to confirm in a manner satisfactory to such Administrative Agent that it will comply with its funding obligations hereunder;

(d)has, or has a direct or indirect parent company that has, other than via an Undisclosed Administration, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; or

(e)has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action;

provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority.

“DIP Orders” means the Interim DIP Order and the Final DIP Order, as applicable.

“Disclosure Statement” means any disclosure statement related to the Plan of Reorganization, as may be amended, supplemented, or modified from time to time, including all exhibits and schedules thereto and references therein that relate to the Plan of Reorganization, that is prepared and distributed in accordance with the Bankruptcy Code, and any other applicable law, in each case, in form and substance reasonably satisfactory to the Administrative Agents, the Requisite Term Lenders and the Requisite Revolving Lenders.

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“Disqualified Stock” means, with respect to any Person, any Stock of such Person that, by its terms, or by the terms of any related agreement or of any Security into which it is convertible or puttable or exchangeable (in each case, at the option of the holder thereof) is, or upon the happening of any event or the passage of time would be, required to be redeemed by such Person at the option of the holder thereof, or, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is exchangeable for Indebtedness of such Person at the option of the holder thereof in whole or in part, on or prior to the date that is 5 years and 91 days after the Scheduled Term Maturity Date (other than any preferred stock of the Parent issued and outstanding on the Effective Date and any amendments thereto after the Effective Date that do not add a mandatory redemption or right to exchange into Indebtedness of such Person at the option of the holder thereof in whole or in part on or prior to the date that is 5 years and 91 days after the Scheduled Term Maturity Date).

“Dollar Equivalent” means, with respect to any Alternative Currency at the time of determination thereof, the equivalent of such currency in Dollars determined by using the rate of exchange quoted by (a) in the case the payment and reimbursement of a drawing under a Letter of Credit issued in an Alternative Currency, the Issuer of such Letter of Credit and (b) in all other cases, Credit Agricole in New York, New York at 11:00 a.m. (New York time) on the date of determination to prime banks in New York for the spot purchase in the New York foreign exchange market of such amount of Dollars with such Alternative Currency.

“Dollars” and the sign “$” each mean the lawful money of the United States of America.

“Domestic Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Domestic Lending Office” from time to time to the Parent and the Applicable Administrative Agent.

“Dutch Loan Party” means any Loan Party which is incorporated or established in the Netherlands.

“EBITDA” means, for any period:

(a)Consolidated Net Income for such period; plus

(b)the sum of, in each case to the extent deducted in the calculation of such Consolidated Net Income, but without duplication:

(i)any provision for income Taxes;

(ii)Interest Expense;

(iii)depreciation expense;

(iv)amortization of intangibles or financing or acquisition costs;

(v)any aggregate net loss from the sale, exchange or other disposition of any property, plant or equipment or any Stock of any Restricted Subsidiary by the Parent or its Restricted Subsidiaries;

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(vi)dry dock amortization expense;

(vii)[reserved];

(viii)any fee or other expense (including expenses for counsels and advisors) of the Parent or any Restricted Subsidiary relating to (a) the negotiation, preparation, execution and delivery of this Agreement and the other Loan Documents, or granting or perfecting any Lien purported to be granted thereunder, (b) the Transactions, (c) the execution, delivery and performance by each Loan Party of the “Loan Documents” (as defined in each of the Prepetition Credit Agreements), including any amendments thereto entered into on or prior to the Effective Date, (d) and transactions permitted hereunder, including any asset sales, debt issuances, restructurings and reorganizations involving the Parent or any Restricted Subsidiary and (e) to the extent not duplicative of the foregoing, Restructuring Costs;

(ix)any charges identified in the Approved Budget;

(x)Restructuring Charges;

(xi)Permitted Project Charges through the Fiscal Quarter ending June 30, 2020;

(xii)each of the following to the extent it represents a non-cash charge or a non-cash loss: (A) pension amortization expense and any loss related to pension obligations; (B) stock-based compensation expense; (C) impairment of plant, property, and equipment (other than net losses from sale), intangible assets and goodwill (other than Restructuring Charges); and (D) equity in losses of unconsolidated Affiliates;

(xiii)[reserved]; and

(xiv)legal expense or settlements incurred for any four Fiscal Quarter period;

minus

(c)the sum of, in each case to the extent included in the calculation of such Consolidated Net Income, but without duplication:

(i)any credit for income Tax;

(ii)non-cash interest income;

(iii)any other non-cash gains or income which have been added in determining Consolidated Net Income, including (A) equity in income of nonconsolidated Affiliates and (B) any gain related to pension obligations;

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(iv)the income of any Restricted Subsidiary that is not a Guarantor to the extent that the declaration or payment of dividends or similar distributions or transfers or loans by such Restricted Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, statute, rule or governmental regulation applicable to such Restricted Subsidiary;

(v)[reserved];

(vi)the income of any Unrestricted Subsidiary or any Person (other than a Restricted Subsidiary) in which any other Person (other than the Parent or a Wholly-Owned Restricted Subsidiary or any director or other Person holding qualifying shares in accordance with applicable law) has an interest, except without duplication, (A) to the extent of the amount of dividends or other distributions or transfers or loans actually paid to the Parent or a Wholly-Owned Restricted Subsidiary by such Unrestricted Subsidiary or Person during such period and (B) in the case of Joint Ventures, equity in the earnings of the Joint Venture; and

(vii)any aggregate net gains from the sale, exchange or other disposition of property, plant, or equipment or Stock of a Subsidiary by the Parent or its Subsidiaries.

EBITDA for a consecutive four-quarter period shall be calculated after giving effect, on a pro forma basis, to Acquisitions made by the Parent or its Restricted Subsidiaries during such period and the sale, exchange or other disposition of business units by the Parent or its Restricted Subsidiaries out of the ordinary course of business during such period as if such Acquisitions or sale, exchange or other disposition occurred on the first day of the period so long as the Parent provides to each Administrative Agent reconciliations and other detailed information relating to adjustments to the relevant financial statements (including copies of financial statements of the Person or assets acquired in such Acquisition) used in computing EBITDA (and the relevant elements thereof) sufficient to demonstrate such pro forma calculations in reasonable detail.

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is the parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

“Effective Date” has the meaning set forth in Section 3.1.

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“Eligible Assignee” means (a) with respect to an assignment of a Term Commitment or Term Loans, an Eligible Term Assignee, and (b) with respect to an assignment of a Revolving Commitment or Revolving Letter of Credit Obligations, an Eligible Revolving Assignee.

“Eligible Line of Business” means the businesses and activities engaged in by the Parent and its Subsidiaries on the Original Effective Date (after giving effect to the Business Combination), any other businesses or activities reasonably related or incidental thereto and any other businesses that, when taken together with the existing businesses of the Parent and its Subsidiaries, are immaterial with respect to the assets and liabilities of the Parent and its Subsidiaries, taken as a whole.

“Eligible Revolving Assignee” means (a) a Revolving Lender or any Affiliate of a Revolving Lender, (b) a commercial bank having total assets in excess of $5,000,000,000.00 or (c) a savings and loan association or savings bank organized under the laws of the United States or any State thereof having a net worth, determined in accordance with GAAP, in excess of $250,000,000.00; provided that the term Eligible Revolving Assignee shall exclude any competitor of the Parent or any of its Subsidiaries that is primarily engaged in an Eligible Line of Business and that has been specifically identified as such in writing by the Borrowers to the Revolving Administrative Agent, which exclusion shall not apply retroactively to exclude or disqualify any parties that have previously acquired an assignment or participation interest in a Revolving Commitment or Revolving Letter of Credit Obligations.

“Eligible Term Assignee” means (a) a Lender or any Affiliate of a Lender or an Approved Fund with respect to a Lender and (b) any other Person (other than, the case of each of clauses (a) and (b), (i) a natural person, or (ii) the Parent, any Subsidiary of the Parent or any other Affiliate of the Parent); provided that the term Eligible Term Assignee shall exclude any competitor of the Parent or any of its Subsidiaries that is primarily engaged in an Eligible Line of Business and that has been specifically identified as such in writing by the Borrowers to the Term Loan Administrative Agent, which exclusion shall not apply retroactively to exclude or disqualify any parties that have previously acquired an assignment or participation interest in a Term Commitment or Term Loan.

“Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed to by, the Parent, any of its Subsidiaries, any Guarantor or any of their respective ERISA Affiliates.

“Environmental Laws” means all applicable Requirements of Law now or hereafter in effect and as amended or supplemented from time to time, relating to pollution or the regulation and protection of human health, safety, the environment or natural resources, including the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. § 9601 et seq.); the Hazardous Material Transportation Act, as amended (49 U.S.C. § 1801 et seq.); the Federal Insecticide, Fungicide, and Rodenticide Act, as amended (7 U.S.C. § 136 et seq.); the Resource Conservation and Recovery Act, as amended (42 U.S.C. § 6901 et seq.); the Toxic Substance Control Act, as amended (15 U.S.C. § 2601 et seq.); the Clean Air Act, as amended (42 U.S.C. § 7401 et seq.); the Federal Water Pollution Control Act, as amended (33 U.S.C. § 1251 et seq.); the Occupational Safety and Health Act, as amended (29 U.S.C. § 651 et seq.); the Safe Drinking Water Act, as amended (42 U.S.C. § 300f et seq.); the Oil Pollution Act of 1990; and each of their state and local counterparts or equivalents.

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“Environmental Liabilities and Costs” means, with respect to any Person, all liabilities, obligations, responsibilities, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all fees, disbursements and expenses of counsel, experts and consultants and costs of investigation and feasibility studies), fines, penalties, sanctions and interest incurred as a result of any claim or demand by any other Person, whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute and arising under any Environmental Law, Permit, order or agreement with any Governmental Authority or other Person, in each case relating to and resulting from the past, present or future operations of, or ownership of property by, such Person or any of its Subsidiaries.

“Environmental Lien” means any Lien in favor of any Governmental Authority pursuant to any Environmental Law.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control or treated as a single employer with the Parent, any of its Subsidiaries or any Guarantor within the meaning of Section 414(b), (c), (m) or (o) of the Code. Any former ERISA Affiliate of the Parent, any of its Subsidiaries or any Guarantor shall continue to be considered an ERISA Affiliate of the Parent, such Subsidiary or such Guarantor within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of the Parent, such Subsidiary or such Guarantor and with respect to liabilities arising after such period for which the Parent, such Subsidiary or such Guarantor could be liable under the Code or ERISA.

“ERISA Event” means (a) a reportable event described in Section 4043(b) or 4043(c) of ERISA with respect to a Title IV Plan, (b) the withdrawal of the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate from a Title IV Plan subject to Section 4063 or Section 4064 of ERISA during a plan year in which any such entity was a “substantial employer” (as defined in Section 4001(a)(2) of ERISA) or the termination of any such Title IV Plan resulting, in either case, in a material liability to any such entity, (c) the “complete or partial withdrawal” (within the meaning of Sections 4203 and 4205 of ERISA) of the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate from any Multiemployer Plan where the Withdrawal Liability could reasonably be expected to exceed $15,000,000.00 (individually or in the aggregate), (d) notice of reorganization, insolvency, intent to terminate or termination of a Multiemployer Plan is received by the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate, (e) the filing of a notice of intent to terminate a Title IV Plan under Section 4041(c) of ERISA or the treatment of a plan amendment as a termination under Section 4041(e) of ERISA, where such termination constitutes a “distress termination” under Section 4041(c) of ERISA, (f) the institution of proceedings to terminate a Title IV Plan by the PBGC, (g) the failure to make any required contribution to a Title IV Plan or Multiemployer Plan or to meet the minimum funding standard of Section 412 of the Code (in either case, whether or not waived in accordance with Section 412(c) of the Code), (h) the determination that any Title IV Plan is in “at-risk status” (within the meaning of Section 430 of the Code or Section 303 of ERISA) or that a Multiemployer Plan is in “endangered status”, “seriously endangered” or “critical status” (within the meaning of Section 432 of the Code or Section 305 of ERISA), (i) any other event or condition that might reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Title IV Plan or Multiemployer Plan or the

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imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, (j) the imposition of liability on the Parent, any of its Subsidiaries, any Guarantor or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA, (k) the imposition of a Lien upon the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate pursuant to Section 436(f) or Section 430(k) of the Code or Section 303(k) of ERISA, (l) the occurrence of an act or omission which could reasonably be expected to give rise to the imposition on the Parent, any Borrower, any of their respective Subsidiaries, any Guarantor or any of their respective ERISA Affiliates of fines, penalties, Taxes or related charges under Chapter 43 of the Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any “employee pension plan” (within the meaning of Section 3(2) of ERISA) or (m) receipt from the IRS of notice of the failure of any employee pension plan that is intended to be qualified under Section 401(a) of the Code to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any such employee pension plan to qualify for exemption from taxation under Section 501(a) of the Code.

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

“Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Eurodollar Lending Office” from time to time to the Borrowers and the Applicable Administrative Agent.

“Eurodollar Rate” means, for any Interest Period, a fluctuating rate per annum equal to (x) the rate per annum determined by the Applicable Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of such Interest Period to be the London interbank offered rate for such Interest Period, as currently published on the applicable Reuters screen page (or such other commercially available source providing such quotation of such rate as may be designated by the Applicable Administrative Agent from time to time) for a period equal to such Interest Period, or (y) if the rate in clause (x) above does not appear on such page or service or if such page or service is not available, the rate per annum determined by the Applicable Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of such Interest Period to be the offered rate for a period equal to such Interest Period on such other page or other service which displays an average London interbank offered rate (the preceding clauses (x) and (y), the “LIBO Screen Rate”); provided that at no time will the Eurodollar Rate be deemed to be (a) with respect to the Term Facilities, less than 1.00% per annum or (b) with respect to the Revolving Facility, less than 0% per annum.

“Eurodollar Rate Loan” means any Loan that bears interest based on the Eurodollar Rate.

“Event of Default” has the meaning specified in Section 9.1.

“Excepted Consent” means, at any time, any consent, authorization, approval, filing or registration with or from any non-U.S. Governmental Authority that is listed on Schedule 7.14 with respect to which the time periods set forth opposite each such item or action on Schedule 7.14 (or such longer period permitted by each Administrative Agent in its sole discretion) have not expired.

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“Excluded Subsidiary” means, at any time, (a) any non-U.S. Subsidiary if at such time such Subsidiary’s Guarantee is prohibited by (x) any Governmental Authority with authority over such non-U.S. Subsidiary or (y) applicable law or regulation or analogous restriction, or such Subsidiary’s Guarantee would result in a substantial risk to the officers or directors of such Subsidiary of a civil or criminal liability, (b) any non-U.S. Subsidiary under circumstances where each of the Administrative Agents determines in its sole discretion (in consultation with the Parent and the Requisite Lenders) that the cost, burden, difficulty or consequence of providing such Guarantee at such time is excessive in relation to the value afforded thereby, and (c) XxXxxxxxx Arabia Company Limited, XxXxxxxxx Xxxxxxxx Ltd., the North Ocean Entity, and XxXxxxxxx Asia Pacific Sdn. Bhd. If any Subsidiary of the Parent is an Excluded Subsidiary solely as a result of clause (a) of the preceding sentence, the Parent shall use commercially reasonable efforts (as determined by the Administrative Agents in their sole discretion) to obtain the relevant governmental or third party consent or other authority that would permit such Subsidiary to become a Guarantor or to mitigate any such risk of liability in connection therewith.

“Excluded Swap Obligations” means, with respect to any Loan Party (other than the Parent and the Borrowers), any Swap Obligation entered into after the Effective Date if, and to the extent that, after giving effect to the keepwell agreement in Section 2 of the Guaranty Agreement and any other “keepwell, support, or other agreement” among the Loan Parties for purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act, all or a portion of the Guarantee of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Loan Party or the grant of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation entered into after the Effective Date arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal.

“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Lender, Issuer or Administrative Agent or required to be withheld or deducted from a payment to a Lender, Issuer or Administrative Agent: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Lender, Issuer or Administrative Agent being organized under the laws of, or having its principal office or, in the case of any Lender, its Applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes (other than U.S. withholding Taxes to the extent such Taxes (A) would not be imposed or payable (including, without limitation, as the result of an applicable income Tax treaty that otherwise would reduce or eliminate the Tax) if any Borrower was a “United States person” within the meaning of Section 7701(a)(30) of the Code or (B) are imposed with respect to payments from any United States person to the Borrowers) imposed on payments to or for the account of such Lender under the Loan Documents pursuant to a law in effect on the Effective Date or the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Parent or a Borrower) or (ii) such Lender changes its lending office, except in each

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case to the extent that, pursuant to Section 2.19, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Lender, Issuer or Administrative Agent’s failure to comply with Section 2.19(e) (other than if such failure is due to a change in any applicable Requirement of Law occurring after the date on which a form originally was required to be provided) and (d) any U.S. federal withholding Taxes imposed under FATCA.

“Existing Collateral Agency and Intercreditor Agreement” means the Collateral Agency and Intercreditor Agreement (as defined in the Existing First-Lien Credit Agreement).

“Existing First-Lien Agent” means each of (a) Credit Agricole, in its capacity as revolving and letter of credit administrative agent under the Existing First-Lien Credit Agreement, or any successor in such capacity and (b) Barclays, in its capacity as term loan administrative agent under the Existing First-Lien Credit Agreement, or any successor in such capacity.

“Existing First-Lien Credit Agreement” means that certain Credit Agreement dated as of May 10, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date), among the Parent, as guarantor, the Borrowers, as borrowers, the lenders and issuers party thereto, Credit Agricole, as revolving and letter of credit administrative agent, and Barclays, as term loan administrative agent.

“Existing LC Agreement Agent” means Barclays in its capacity as administrative agent under the Existing Letter of Credit Agreement, or any successor in such capacity.

“Existing Letter of Credit Agreement” means that certain Letter of Credit Agreement dated as of October 30, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date), among the Parent, the Borrowers, as applicant, the participants and issuers party thereto, and Barclays, as administrative agent.

“Existing Senior Indebtedness” means, at any time, any and all Indebtedness and other obligations of the Loan Parties outstanding under and pursuant to the documentation relating to the Prepetition Credit Facilities or the Lloyds Facility at such time.

“Existing Super-Priority Agent” means each of (a) Credit Agricole, in its capacity as revolving administrative agent and collateral agent under the Existing Super-Priority Credit Agreement, or any successor in such capacity, and (b) Barclays, in its capacity as term loan administrative agent under the Existing Super-Priority Credit Agreement, or any successor in such capacity.

“Existing Super-Priority Collateral Agency Agreement” means the “Collateral Agency Agreement” as defined in the Existing Super-Priority Credit Agreement.

“Existing Super-Priority Collateral Documents” means the “Collateral Documents” as defined in the Existing Super-Priority Credit Agreement.

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“Existing Super-Priority Credit Agreement” means that certain Superpriority Senior Secured Credit Agreement dated as of October 21, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date), among the Parent, as guarantor, the Borrowers, as borrowers, the lenders and issuers (collectively, the “Super-Priority Lenders”) party thereto, Credit Agricole, as revolving administrative agent, and Barclays, as term loan administrative agent.

“Existing Super-Priority Guaranty Agreement” means the “Guaranty Agreement” as defined in the Existing Super-Priority Credit Agreement.

“Existing Super-Priority Letters of Credit” means, at any time, each “Letter of Credit” (as defined in the Existing Super-Priority Credit Agreement) issued and outstanding under the Existing Super-Priority Credit Agreement.

“Existing Super-Priority Term Loans” means the “Term Loans” as defined in the Existing Super-Priority Credit Agreement.

“Exposure” means, collectively, Revolving Exposure and Term Exposure.

“Facility” means each of the Revolving Facility, the New Money Term Facility, the Refinanced Term Facility and the Cash Secured LC Facility.

“Fair Market Value” means the value that would be paid by a willing buyer to an unaffiliated willing seller, in a transaction not involving distress or necessity of either party; provided that for any determination of Fair Market Value for a Mortgaged Vessel in connection with an Asset Sale to be made pursuant to Section 8.4(g), (h), or (i) in which the Fair Market Value of the properties disposed of in such Asset Sale exceeds $1,000,000.00, the Borrowers shall provide evidence reasonably satisfactory to each Administrative Agent with respect to the calculation of such Fair Market Value; provided that if any appraisal of a marine vessel contains a range of values for such marine vessel, the “Fair Market Value” of such marine vessel shall be deemed to be an amount equal to the midpoint of such range.

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted by a Governmental Authority pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with the implementation of the foregoing.

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately preceding Business Day as so published on the next succeeding Business Day; provided, further, that if no such rate is published on such next succeeding Business Day, the Applicable Administrative Agent may, in its discretion, determine the Federal Funds Rate for such day by reference to the average rate charged to the Applicable Administrative Agent on such day on such transactions as determined by such Administrative Agent.

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“Federal Reserve Board” means the Board of Governors of the United States Federal Reserve System, or any successor thereto.

“FEMA” has the meaning set forth in Section 7.5.

“Final DIP Order” means the order of the Bankruptcy Court that is not subject to a stay and has not been reversed or vacated or otherwise modified or amended without the consent of the the Administrative Agents and the Collateral Agent (in each case in their capacities as such), and the Requisite Revolving Lenders and the Requisite Term Lenders, (a) authorizing the Debtors, on a final basis, to (i) obtain post-petition secured financing pursuant to this Agreement and (ii) use cash collateral during the pendency of the Cases, and (b) granting certain related relief, in substantially the form of the Interim Order and in form and substance satisfactory to the Administrative Agents and the Collateral Agent (in each case in their capacities as such), the Requisite Revolving Lenders and the Requisite Term Lenders, as the same may be amended, modified or supplemented from time to time with the prior written consent of the Administrative Agents (in their capacities as such), the Requisite Revolving Lenders and the Requisite Term Lenders.

“Final Facility Effective Date” has the meaning set forth in Section 3.2.

“Final New Money Term Commitment” means, with respect to each Term Lender, the commitment of such Term Lender to make term loans to the Borrowers pursuant to Section 2.1(a)(ii) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name on Part B of Schedule III, as such amount may be adjusted from to time pursuant to this Agreement. “Final New Money Term Commitments” means the aggregate of such commitments for all Term Lenders, and the aggregate amount of the Final New Money Term Commitments as of the Effective Date is $650,000,000.00.

“Final New Money Term Loan” has the meaning set forth in Section 2.1(a)(ii).

“Final Order” means an order or judgment of the Bankruptcy Court, or court of competent jurisdiction with respect to the subject matter, as entered on the docket in any Case or the docket of any court of competent jurisdiction, and as to which the time to appeal, or seek certiorari or move for a new trial, reargument, or rehearing has expired and no appeal or petition for certiorari or other proceedings for a new trial, reargument, or rehearing has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be timely filed has been withdrawn or resolved by the highest court to which the order or judgment was appealed or from which certiorari was sought or the new trial, reargument, or rehearing was denied, resulted in no stay pending appeal of such order, or has otherwise been dismissed with prejudice; provided that the possibility that a motion under Rule 60 of the Federal Rules of Civil Procedure, or any analogous rule under the Bankruptcy Rules, may be filed with respect to such order will not preclude such order from being a Final Order.

“Final Satisfaction Date” shall be the date on which each of the following have occurred: (a) all Obligations have been paid or otherwise satisfied in full in cash (other than in respect of any contingent indemnification or expense reimbursement obligations for which no claim has been asserted), (b) all Commitments have terminated or expired and the obligations of the Issuers to issue Letters of Credit hereunder have terminated, and (c) each Letter of Credit has expired or has been cash collateralized, back-stopped or otherwise secured to the satisfaction of the applicable Issuers.

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“Financial Letter of Credit” means a Letter of Credit other than a Performance Letter of Credit.

“Financial Statements” means the financial statements of the Parent and its Subsidiaries delivered in accordance with Section 3.1(b) or Section 6.1(a) or (b).

“Fiscal Quarter” means the fiscal quarter of the Parent ending on March 31, June 30, September 30 or December 31 of the applicable Fiscal Year, as applicable.

“Fiscal Year” means the fiscal year of the Parent, which is the same as the calendar year.

“Flood Hazard Property” means any Mortgaged Property on which a “Building” or a “Manufactured (Mobile) Home” (in each case, as defined in the applicable Flood Insurance Regulation) is located that is in an area designated by the Federal Emergency Management Agency as having special flood or mudslide hazards.

“Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to any Revolving Issuer, such Defaulting Lender’s Ratable Portion of the outstanding Revolving Letter of Credit Obligations of such Revolving Issuer, other than Revolving Letter of Credit Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders or cash collateralized in accordance with the terms hereof.

“Fronting Fee” means the Fronting Fee specified in Section 2.15(c)(i).

“FTI” means FTI Consulting, Inc.

“Fund” means any Person (other than a natural person) that is or will be engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course.

“Funded Portion” means, as to any Term Lender, the aggregate principal amount of Term Loans held by such Term Lender at such time divided by the aggregate principal of all Term Loans at such time.

“G-20 Countries” means Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States of America.

“GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time.

“Global Intercompany Note” means the global intercompany note substantially in the form of Exhibit G hereto.

“Governmental Authority” means any nation, sovereign or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, including any central bank (including any supra-national bodies such as the European Union or the European Central Bank).

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“Guarantee” means (a) in the case of the Parent, each Borrower and each other Subsidiary Guarantor, the guarantees of the Obligations contained in the Guaranty Agreement or any other Loan Document and (b) additionally in the case of the Parent, the guarantee of the Obligations contained in Article XII of this Agreement.

“Guarantor” means the Parent and each Subsidiary of the Parent (including each Borrower) that has guaranteed the Obligations pursuant to the Guaranty Agreement, until such time as such Subsidiary ceases to guarantee the Obligations pursuant to the terms of any such agreement. As of the Effective Date, the Parent, each Borrower and each Subsidiary of the Parent listed on Schedule V hereto is a Guarantor.

“Guaranty Agreement” means, collectively, (a) the Guaranty Agreement executed by the Borrowers and certain other Subsidiary Guarantors in favor of the Collateral Agent on the Effective Date and (b) any other guaranty agreement executed and delivered by any Restricted Subsidiary in form and substance satisfactory to each Administrative Agent, pursuant to which such Restricted Subsidiary makes a Guarantee.

“Guaranty Obligation” means, as applied to any Person, without duplication, any direct or indirect liability, contingent or otherwise, of such Person with respect to any Indebtedness of another Person, if the purpose of such Person in incurring such liability is to provide assurance to the obligee of such Indebtedness that such Indebtedness will be paid or discharged, or that any agreement relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof, including (a) the direct or indirect guaranty, endorsement (other than for collection or deposit in the ordinary course of business), co‑making, discounting with recourse or sale with recourse by such Person of Indebtedness of another Person and (b) any liability of such Person for Indebtedness of another Person through any agreement (contingent or otherwise) (i) to purchase, repurchase or otherwise acquire such Indebtedness or any security therefor, or to provide funds for the payment or discharge of such Indebtedness (whether in the form of a loan, advance, stock purchase, capital contribution or otherwise), (ii) to maintain the solvency or any balance sheet item, level of income or financial condition of another Person, (iii) to make take‑or‑pay or similar payments, regardless of non‑performance by any other party or parties to an agreement, (iv) to purchase, sell or lease (as lessor or lessee) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss or (v) to supply funds to, or in any other manner invest in, such other Person (including to pay for property or services irrespective of whether such property is received or such services are rendered), if (and only if) in the case of any agreement described under clause (b)(i), (ii), (iii), (iv) or (v) above the primary purpose or intent thereof is to provide assurance to the obligee of Indebtedness of any other Person that such Indebtedness will be paid or discharged, or that any agreement relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof. The amount of any Guaranty Obligation shall be equal to the amount of the Indebtedness so guaranteed or otherwise supported or, if such amount is not stated or otherwise determinable, the maximum reasonable anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. For the avoidance of doubt, the term “Guaranty Obligation” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees.

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“Hedging Contracts” means all Interest Rate Contracts, foreign exchange contracts, currency swap or option agreements, forward contracts, commodity swap, purchase or option agreements, other commodity price hedging arrangements, and all other similar agreements or arrangements designed to mitigate the risks of any Person arising from fluctuations in interest rates, currency values or commodity prices.

“Hedging Obligations” has the meaning given to such term in the definition of “Obligations”.

“Indebtedness” of any Person means, without duplication:

(a)all indebtedness of such Person for borrowed money;

(b)all obligations of such Person evidenced by promissory notes, bonds, debentures or similar instruments;

(c)all matured reimbursement obligations with respect to letters of credit, bankers’ acceptances, surety bonds, performance bonds, bank guarantees, and other similar obligations;

(d)all other obligations with respect to letters of credit, bankers’ acceptances, surety bonds, performance bonds, bank guarantees and other similar obligations, whether or not matured, other than unmatured or undrawn, as applicable, obligations with respect to Performance Guarantees;

(e)all indebtedness for the deferred purchase price of property or services, other than trade payables incurred in the ordinary course of business;

(f)all indebtedness of such Person created or arising under any conditional sale or other title retention agreement (other than operating leases) with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property);

(g)all Capital Lease Obligations of such Person;

(h)all Guaranty Obligations of such Person;

(i)all obligations of such Person to purchase, redeem, retire, defease or otherwise acquire for value any Disqualified Stock of such Person, valued, in the case of redeemable preferred Disqualified Stock, at the greater of its voluntary liquidation preference and its involuntary liquidation preference plus accrued and unpaid dividends;

(j)net payments that such Person would have to make in the event of a termination of the Hedging Contracts of such Person if such termination occurred on the date Indebtedness of such Person is being determined;

(k)all Alternate Program Indebtedness of such Person; and

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(l)all Indebtedness of the type referred to above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon or in property (including accounts and general intangibles) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness, but amounts of such Indebtedness shall be the lesser of the value of the property owned by such Person securing such Indebtedness and the principal amount of such Indebtedness.

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation, limited liability company or other entity in which the liability of the joint venturer is limited) in which such Person is a general partner or a joint venturer, except to the extent such Person’s liability for such Indebtedness is otherwise limited by applicable law or contract. For the avoidance of doubt, the term “Indebtedness” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees.

“Indemnified Matters” has the meaning specified in Section 11.4(a).

“Indemnitee” has the meaning specified in Section 11.4(a).

“Information” means all information received from the Parent or any of its Subsidiaries relating to the Parent or any of its Subsidiaries or any of their respective businesses after the date hereof that is posted to IntraLinks, DebtDomain, SyndTrak or a similar service or otherwise clearly identified at the time of delivery as confidential other than any such information that is available to each Administrative Agent, any Lender or any Issuer on a nonconfidential basis prior to disclosure by the Parent or any of its Subsidiaries.

“Insurance/Condemnation Event” means any casualty or other insured damage to, or any taking under the power of eminent domain or by condemnation or similar proceeding of, or any disposition under a threat of such taking of, all or any part of any assets of the Parent or any Restricted Subsidiary, resulting in aggregate Net Cash Proceeds exceeding $10,000,000.00.

“Interest Expense” means, for the Parent for any period, total interest expense of the Parent and its Restricted Subsidiaries for such period, as determined on a consolidated basis in conformity with GAAP and including, in any event (without duplication for any period or any amount included in any prior period):

(a)net costs under Interest Rate Contracts for such period;

(b)any commitment fee (including the Revolving Commitment Fees) accrued, accreted or paid by such Person during such period;

(c)any fees and other obligations (other than reimbursement obligations) with respect to letters of credit (including the Letter of Credit Participation Fees) and bankers’ acceptances (whether or not matured) accrued, accreted or paid by such Person for such period, plus (without duplication) any such amounts that are included in the cost of operations on the consolidated statement of operations of such Person prepared in conformity with GAAP; and

(d)the Fronting Fee.

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For purposes of the foregoing, interest expense shall (i) be determined after giving effect to any net payments made or received by the Parent or any Subsidiary with respect to interest rate Hedging Contracts and (ii) exclude interest expense accrued, accreted or paid by the Parent or any Subsidiary of the Parent to the Parent or any Subsidiary of the Parent. Notwithstanding the foregoing, the interest component of all payments associated with any lease that would have been accounted for as an operating lease on a balance sheet of such Person prepared in conformity with GAAP as in effect on the Effective Date and amounts included for any Fiscal Quarter attributable to any upfront fees and similar one-time fees paid in connection with this Agreement shall each be excluded from Interest Expense.

“Interest Period” means, in the case of any Eurodollar Rate Loan, initially, the period commencing on the date such Eurodollar Rate Loan is made or on the date of conversion of a Base Rate Loan to such Eurodollar Rate Loan and ending one, two, three or six months thereafter, as selected by a Borrower in its Notice of Borrowing or Notice of Conversion or Continuation given to the Applicable Administrative Agent pursuant to Section 2.2 or 2.14, and thereafter, if such Loan is continued, in whole or in part, as a Eurodollar Rate Loan pursuant to Section 2.14, a period commencing on the last day of the immediately preceding Interest Period therefor and ending one, two, or three months thereafter, as selected by a Borrower in its Notice of Conversion or Continuation given to the Applicable Administrative Agent pursuant to Section 2.14; provided, however, that no Interest Period shall extend beyond the Term Maturity Date; provided, further, however, that all of the foregoing provisions relating to Interest Periods in respect of Eurodollar Rate Loans are subject to the following:

(i)if any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day, unless the result of such extension would be to extend such Interest Period into another calendar month, in which event such Interest Period shall end on the immediately preceding Business Day;

(ii)any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month;

(iii)the Borrower may not select any Interest Period in respect of Loans having an aggregate principal amount of less than $5,000,000.00; and

(iv)there shall be outstanding at any one time no more than 10 Interest Periods in the aggregate.

“Interest Rate Contracts” means all interest rate swap agreements, interest rate cap agreements and interest rate collar agreements.

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“Interim DIP Order” means the interim order entered by the Bankruptcy Court, in the form set forth in Exhibit D, (i) authorizing, on an interim basis, the Debtors to (a) obtain post-petition secured financing pursuant to this Agreement and (b) use cash collateral during the pendency of the Cases, and (ii) granting certain related relief, in form and substance satisfactory to the Administrative Agents and the Collateral Agent (in each case in their capacities as such), the Requisite Revolving Lenders and the Requisite Term Lenders, as the same may be amended, modified or supplemented from time to time with the prior written consent of the Administrative Agents and the Collateral Agent (in each case in their capacities as such), the Requisite Revolving Lenders and the Requisite Term Lenders.

“Interim New Money Term Commitment” means, with respect to each Term Lender, the commitment of such Term Lender to make term loans to the Borrowers pursuant to Section 2.1(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name on Part A of Schedule III, as such amount may be adjusted from to time pursuant to this Agreement. “Interim New Money Term Commitments” means the aggregate of such commitments for all Term Lenders, and the aggregate amount of the Interim New Money Term Commitments as of the Effective Date is $550,000,000.00.

“Interim New Money Term Loan” has the meaning set forth in Section 2.1(a)(i).

“Inventory” has the meaning specified in the Pledge and Security Agreement.

“Investment” means, with respect to any Person, any investment of such Person so classified under GAAP, and whether or not so classified, any loan, advance, extension of credit that constitutes Indebtedness of the Person to whom it is extended, any direct or indirect guaranty in respect of the Indebtedness of another Person by such Person, or contribution of capital by such Person, and any stocks, bonds, mutual funds, partnership interests, notes (including structured notes), debentures or other securities owned by such Person; excluding, however, (a) capital expenditures of such Person determined in accordance with GAAP, (b) prepayments or deposits made in the ordinary course of business, (c) accounts receivable and similar items made or incurred in the ordinary course of business and (d) the payment of the operating expenses and capital expenditures of a Restricted Subsidiary, so long as such payment is in the ordinary course of business and consistent with past business practices with respect to such Subsidiary prior to the date hereof. For the avoidance of doubt, the term “Investment” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees.

“IRS” means the Internal Revenue Service of the United States or any successor thereto.

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of Issuance).

“Issue” means, with respect to any Letter of Credit, to issue, extend the expiry of, renew (but excluding any auto-renewal thereof) or increase the maximum stated amount (including by deleting or reducing any scheduled decrease in such maximum stated amount) of, such Letter of Credit. The terms “Issued” and “Issuance” shall have a corresponding meaning.

“Issuer” means any Revolving Issuer or any Cash Secured LC Issuer.

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“Joint Venture” means any Person that is not a Subsidiary of the Parent and (a) in which the Parent or any Subsidiary of the Parent, directly or indirectly, owns at least 25% of the Stock or Stock Equivalents of such Person or (b) in which the Parent or any Subsidiary of the Parent owns at least a 25% interest in such joint venture if such Person is unincorporated and such Person’s financial information is consolidated or proportionally consolidated with the Parent in accordance with GAAP. As of the Effective Date, the Persons listed on Schedule 1.1 are Joint Ventures.

“Junior Priority Indebtedness” means any Indebtedness for borrowed money of the Parent or any Restricted Subsidiary (other than the Obligations and the Existing Senior Indebtedness).

“LACC Letter of Credit” means the Letter of Credit anticipated on the Effective Date to be issued to backstop that certain letter of credit issued under the Lloyds Facility on 12/23/2015 for the benefit of LACC LLC (# NYSB2015222) that was extended on 1/10/2020 until 5/31/2020.

“LC Cap” has the meaning set forth in Section 2.4(b)(iii).

“LC Backstop Participant” means any Person that holds a participation in the Revolving Commitments and Revolving Exposure of any Revolving Lender, provided that such Person or any of its Affiliates is, or at any time during the term of this Agreement was, a party to the Restructuring Support Agreement.

“LC Facilities Cash Collateral Account” means the cash collateral deposit account or securities account established pursuant to, and subject to the terms of, Section 2.6(b) for the purpose of cash collateralizing the Obligations under the Revolving Facility.

“LC Facilities Cash Collateral Account Control Agreement” means the Securities Account Control Agreement dated as of the Effective Date among one or more Borrowers, the Collateral Agent, the applicable depositary bank or the securities intermediary with respect to the LC Facilities Cash Collateral Account.

“Leases” means, with respect to any Person, all of the leasehold estates in Real Property of such Person, as lessee, as such may be amended, supplemented or otherwise modified from time to time.

“Lender” means each Revolving Lender and each Term Lender.

“Letter of Credit” means each Revolving Letter of Credit issued or deemed issued hereunder and each Cash Secured Letter of Credit.

“Letter of Credit Participation Fee” has the meaning specified in Section 2.15(c)(ii).

“Letter of Credit Reimbursement Agreement” has the meaning specified in Section 2.7(e).

“Letter of Credit Request” has the meaning specified in Section 2.7(c).

“LIBO Screen Rate” has the meaning specified in the definition of “Eurodollar Rate”.

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“Lien” means any mortgage, deed of trust, pledge, hypothecation, collateral assignment, charge, deposit arrangement, encumbrance, lien (statutory or other), security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever intended to assure payment of any Indebtedness or the performance of any other obligation, including any conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease and any financing lease having substantially the same economic effect as any of the foregoing.

“Liquidity Lender Steering Committee” shall have the meaning set forth in the Restructuring Support Agreement.

“Lloyds” means Lloyds Bank Corporate Markets plc.

“Lloyds Facility” means that certain Amended and Restated Master Agreement for Stand-by Letters of Credit, dated May 10, 2018 (as the same may be amended, amended and restated, supplemented, extended, or otherwise modified from time to time), among Lloyds and certain of the Loan Parties.

“Loan” means any loan made or deemed made by any Lender pursuant to this Agreement.

“Loan Documents” means, collectively, this Agreement, the Notes (if any), the Guaranty Agreement, the Collateral Documents, the Collateral Agency Agreement, the Global Intercompany Note, each fee letter entered into by any Loan Party in connection with this Agreement, any agreement executed and delivered, or authorized, by any Loan Party creating or perfecting rights in cash collateral pursuant to this Agreement and each certificate, agreement or document executed by a Loan Party and delivered to any Administrative Agents, the Collateral Agent or any Lender in connection with or pursuant to any of the foregoing.

“Loan Party” means each Borrower and each Guarantor.

“Make-Whole Amount” has the meaning set forth in Section 2.1(b).

“Material Adverse Effect” means a material adverse effect upon (a) the condition (financial or otherwise), business, results of operations or properties of the Borrowers and the Guarantors taken as a whole, other than by virtue of the commencement of the Cases and the events and circumstances giving rise thereto; (b) the perfection or priority of the Liens granted pursuant to the Collateral Documents; (c) the Loan Parties’ ability to perform their respective obligations under the Loan Documents; or (d) the validity, binding effect or enforceability against the Loan Parties of the Loan Documents or the rights or remedies of any Administrative Agent, the Collateral Agent, the Lenders or the Issuers thereunder.

“Material Intellectual Property” means intellectual property owned by the Parent or any of its Wholly-Owned Subsidiaries that is material to the business operations of the Parent and its Restricted Subsidiaries, taken as a whole.

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“Material Subsidiary” means, with respect to any date of determination, (a) a Restricted Subsidiary contributing (or, if such Restricted Subsidiary was not a Subsidiary of the Parent for the entire Fiscal Year immediately preceding such date, that would have contributed) more than (i) 2.5% of the EBITDA or (ii) 2.5% of total assets (as determined in accordance with GAAP) of the Parent and its Restricted Subsidiaries on a consolidated basis, in each case in the Fiscal Year immediately preceding such date or (b) two or more Restricted Subsidiaries contributing (or, if any such Restricted Subsidiary was not a Subsidiary of the Parent for the entire Fiscal Year immediately preceding such date, that would have contributed) more than (i) 2.5% of the EBITDA or (ii) 2.5% of total assets (as determined in accordance with GAAP) of the Parent and its Restricted Subsidiaries on a consolidated basis, in each case in the Fiscal Year immediately preceding such date. Notwithstanding the forgoing, each Borrower and each Wholly-Owned Subsidiary that owns any Material Intellectual Property shall at all times be a Material Subsidiary.

“Material Wholly-Owned Subsidiary” means each Debtor other than an Excluded Subsidiary.

“Maximum Rate” has the meaning set forth in Section 11.22.

“Milestone” means each milestone set forth in the attached Schedule IV.

“MNPI” means material non-public information (within the meaning of the United States Federal, state or other applicable securities laws) with respect to the Parent and its Affiliates or their Securities.

“Moody’s” means Xxxxx’x Investors Services, Inc., and its successors.

“Mortgaged Properties” means, each parcel of Real Property and the improvements thereto owned or leased by a Loan Party with respect to which a Lien is granted pursuant to the DIP Orders or a Mortgage.

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“Mortgaged Vessel Owning Subsidiary” means, at any time, any Subsidiary of the Parent that owns a marine vessel that is or that is required at such time to be a Mortgaged Vessel under the terms of this Agreement or the other Loan Documents. As of the Effective Date, the Mortgaged Vessel Owning Subsidiaries and the Mortgaged Vessels owned by each are as follows:


Mortgaged Vessel Owning Subsidiary	Jurisdiction of Organization	Mortgaged Vessel	Vessel Flag
Hydro Marine Services, Inc.	Panama	XxXxxxxxx Xxxxxxx Barge Xx. 00	Xxxxxx
		Xxxxxxxx 000	Xxxxxx
		XxXxxxxxx Xxxxxxx Barge Xx. 00	Xxxxxx
		XXX 0000	Xxxxxx
		Lay Vessel 108	Malta
J. Xxx XxXxxxxxx (Norway), AS J. Xxx XxXxxxxxx International Vessels, Ltd.	Norway Xxxxxx Xxxxxxx	Xxxxx Xxxxx 000	Xxxxx
	Norway Xxxxxx Xxxxxxx	XxXxxxxxx Xxxxxxx Barge No. 50	Panama
McDermott Gulf Operating Company, Inc.	Panama	Thebaud Sea	Canada (bareboat registered in Barbados)

XxXxxxxxx International Vessels, Inc.	Panama	Emerald Sea	Barbados

“Mortgaged Vessels” means at any time the marine vessels of the Loan Parties that are subject to a Lien under the Collateral Documents at such time. The Mortgaged Vessels shall consist of the following as of the Effective Date:


Vessel Name	Flag
XxXxxxxxx Xxxxxxx Barge No. 27	Panama
XxXxxxxxx Xxxxxxx Barge No. 50	Panama
XxXxxxxxx Xxxxxxx Barge Xx. 00	Xxxxxx
XXX 0000	Xxxxxx
North Ocean 102	Malta
Lay Vessel 000	Xxxxx
Xxxxxxxx 000	Xxxxxx
Xxxxxxx Xxx	Xxxxxx (bareboat registered in Barbados)
Emerald Sea	Barbados

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“Mortgages” means (a) the fee or leasehold mortgages or deeds of trust, assignments of leases and rents and other security documents or instruments (including the DIP Orders) granting a Lien on any Real Property to secure the Obligations and (b) the mortgages and other security documents or instruments (including the DIP Orders) granting a Lien on any Mortgaged Vessel to secure the Obligations, in the case of each of clauses (a) and (b) each in form and substance reasonably satisfactory to the Collateral Agent, as the same may be amended, supplemented, replaced or otherwise modified from time to time in accordance with this Agreement.

“Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate has any obligation or liability, contingent or otherwise.

“Net Cash Proceeds” means, with respect to any event, proceeds received by the Parent or any Restricted Subsidiary after the Effective Date in cash or Cash Equivalents in respect of such event, net of (a) the reasonable cash costs (including underwriting commissions, legal, investment banking, brokerage and accounting and other professional fees and sales commissions) paid or reasonably estimated (to the extent reserves for such estimations are maintained in accordance with GAAP) in connection with such event by the Debtors to Persons that are not Debtors, and (b) in the case of any Asset Sale or Insurance/Condemnation Event, Taxes paid or reasonably estimated to be payable by the Debtors as a result thereof (including, for the avoidance of doubt, as a result of any distribution of such proceeds to the Parent or any Restricted Subsidiary).

“New Money Term Facility” means, collectively, the Term Commitments and the New Money Term Loans.

“New Money Term Loan” means each Interim New Money Term Loan and each Final New Money Term Loan.

“NO 105” means X.X. Xxx Vessel North Ocean 105.

“NO 105 Indebtedness” means Indebtedness for borrowed money incurred under the North Ocean 105 Credit Agreement and existing as of the Effective Date.

“Non-Consenting Lender” has the meaning specified in Section 11.1(c).

“Non-Defaulting Lender” means a Lender that is not a Defaulting Lender.

“Non-Primed Excepted Liens” means Customary Permitted Liens that are (x) valid mechanics liens and other similar liens, (y) valid, perfected and unavoidable liens in existence as of the Petition Date (other than the Primed Liens) or (z) valid and unavoidable liens in existence for amounts outstanding as of the Petition Date that are perfected after the Petition Date as permitted by Section 546(b) of the Bankruptcy Code, but in each case under the foregoing clauses (y) and (z), only to the extent such valid, perfected and unavoidable liens are by operation of law senior in priority to the Liens securing the obligations under the Prepetition Credit Facilities.

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“Non-Recourse Indebtedness” means Indebtedness of a Subsidiary of the Parent (in each case that is not a Loan Party) (a) that is on terms and conditions reasonably satisfactory to each Administrative Agent, (b) that is not, in whole or in part, Indebtedness of any Loan Party (and for which no Loan Party has created, maintained or assumed any Guaranty Obligation) and for which no holder thereof has or could have upon the occurrence of any contingency, any recourse against any Restricted Subsidiary or the assets thereof (other than the Stock or Stock Equivalents issued by the Subsidiary primarily obligated on such Indebtedness that are owned by a Restricted Subsidiary) for the repayment of such Indebtedness, and (c) owing to an unaffiliated third-party (which for the avoidance of doubt does not include the Parent, any Subsidiary thereof, any other Loan Party, any Joint Venture (or owner of any interest therein) and any Affiliate of any of them).

“North Ocean 105 Credit Agreement” means the facility agreement dated as of September 30, 2010, among North Ocean 105 AS, as borrower, the Parent, as guarantor, BNP Paribas and Credit Agricole, as mandated lead arrangers, BNP Paribas, as facility agent, security agent, ECA coordinator and documentation bank, and the lenders from time to time party thereto.

“North Ocean Entity” means North Ocean 105 AS, a private limited liability company organized and existing under the laws of Norway. As of the Effective Date, the North Ocean Entity is a Wholly-Owned Subsidiary of the Parent.

“Note” means a promissory note of any Borrower payable to any Lender and its registered assigns evidencing the aggregate Indebtedness of such Borrower to such Lender resulting from the Loans owing to such Lender.

“Notice of Borrowing” means a Notice of Term Borrowing.

“Notice of Conversion or Continuation” has the meaning specified in Section 2.14(a).

“Notice of Term Borrowing” has the meaning specified in Section 2.2.

“Obligations” means the Loans, the Revolving Letter of Credit Obligations and all other amounts, obligations, covenants and duties owing by the Borrowers and the other Loan Parties to the Agents, any Lender, any Issuer, any Affiliate of any of them or any Indemnitee, of every type and description (whether by reason of an extension of credit, opening or amendment of a letter of credit or payment of any draft drawn thereunder, loan, guaranty, indemnification, foreign exchange or currency swap transaction, interest rate hedging transaction or otherwise), present or future, arising under (a) this Agreement or any other Loan Document, (b) any Treasury Management Arrangements that are entered into after the Effective Date with a counterparty that was, at the time such Treasury Management Agreements were entered into, an Administrative Agent, a Revolving Lender or any Affiliate of any of the foregoing (the Obligations described in this clause (b) being referred to herein as “Treasury Management Obligations”), or (c) any Hedging Contract that is (i) (A) in effect on the Effective Date with a counterparty that is an Administrative Agent, a Revolving Lender or any Affiliate of any of the foregoing (or, subject to the consent of the Revolving Administrative Agent in its sole discretion, any other Person) and (B) that is a transaction that constitutes a DIP Roll-Up Hedging Obligation (as defined in the DIP Orders) or (ii) entered into after the Effective Date with a counterparty that was, at the time such Hedging Contract was entered into, an Administrative Agent, a Revolving Lender or any Affiliate of any of

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the foregoing (or, subject to the consent of the Revolving Administrative Agent in its sole discretion, any other Person) (the Obligations described in this clause (c) being referred to herein as “Hedging Obligations”), in each case whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired and whether or not evidenced by any note, guaranty or other instrument or for the payment of money, including all letter of credit and other fees (including the Revolving Commitment Fees and the Fronting Fee), interest (including post-petition interest, whether or not allowed in a bankruptcy proceeding), charges, expenses, attorneys’ fees and disbursements and other sums chargeable to any Borrower under this Agreement or any other Loan Document and all obligations of any Borrower under any Loan Document to provide cash collateral for Obligations in respect of Letters of Credit; provided, however, that “Obligations” shall specifically exclude all Excluded Swap Obligations.

“OFAC” means the Office of Foreign Assets Control of the U.S. Department of the Treasury.

“Original Currency” has the meaning specified in Section 11.19(a).

“Original Effective Date” means May 10, 2018.

“Other Borrower Obligations” has the meaning specified in Section 11.23.

“Other Connection Taxes” means, with respect to any Lender or Issuer or any Administrative Agent, Taxes imposed as a result of a present or former connection between such Lender or Issuer or any Administrative Agent and the jurisdiction imposing such Tax (other than connections arising from such Person having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

“Other Currency” has the meaning specified in Section 11.19(a).

“Other Documents” has the meaning set forth in Section 12.1.

“Other Taxes” has the meaning specified in Section 2.19(b).

“Parallel Debt” has the meaning specified in the Collateral Agency Agreement.

“Parent” has the meaning specified in the preamble to this Agreement.

“Parent’s Accountants” means the Parent’s accountants, which shall be Deloitte & Touche LLP or another firm of independent nationally recognized public accountants.

“Participant” has the meaning specified in Section 11.2(d).

“Participant Register” has the meaning specified in Section 11.2(d).

“PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto.

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“Performance Guarantee” of any Person means (a) any letter of credit, banker’s acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of such Person to support only trade payables or nonfinancial performance obligations of such Person, (b) any letter of credit, banker’s acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of such Person to support any letter of credit, banker’s acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of a Subsidiary or joint venture of such Person to support only trade payables or non-financial performance obligations of such Subsidiary or joint venture, and (c) any parent company guarantee or other direct or indirect liability, contingent or otherwise, of such Person with respect to trade payables or non-financial performance obligations of a Subsidiary or joint venture of such Person, if the purpose of such Person in incurring such liability is to provide assurance to the obligee that such contractual obligation will be performed, or that any agreement relating thereto will be complied with.

“Performance Letter of Credit” means (a) a letter of credit issued to secure ordinary course performance obligations in connection with marine installation, project engineering, procurement, construction, maintenance and other similar projects (including projects about to be commenced) or bids for prospective marine installation, project engineering, procurement, construction, maintenance and other similar projects, (b) a letter of credit issued to back a bank guarantee, surety bond, performance bond or other similar obligations issued to support ordinary course performance obligations in connection with marine installation, project engineering, procurement, construction, maintenance and other similar projects (including projects about to be commenced) or bids for prospective marine installation, project engineering, procurement, construction, maintenance and other similar projects, (c) a letter of credit qualifying as a “performance-based standby letter of credit” under 12 CFR Part 3, Appendix A, Section 3(b)(2)(i) or any successor U.S. Comptroller of the Currency regulation or (d) the Amazon Letter of Credit.

“Permit” means any permit, approval, authorization, license, variance or permission required from a Governmental Authority under an applicable Requirement of Law.

“Permitted Project Charges” means the amount of any Project Charges that are permitted pursuant to Section 5.4 of this Agreement.

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, estate, trust, limited liability company, unincorporated association, joint venture or other entity, or a Governmental Authority.

“Petition Date” has the meaning assigned to such term in the recitals hereto.

“Pipe Fab Sale” means the disposition of certain assets and equity interests of Xxxx Pipe Manufacturing Holdings, LLC, CB&I Laurens, Inc., CB&I Group, Inc., CB&I Lake Xxxxxxx, LLC, CB&I El Dorado, Inc., CB&I Clearfield, Inc., CB&I Middle East Holdings, Inc., Xxxx Overseas (Middle East) Ltd., CB&I Nass Pipe Fabrication WLL, CB&I SKE&C Middle East, Xxxx Emirates Pipes Manufacturing LLC, CB&I Xxxxxx LA LLC in relation to the sale of pipe fabrication business.

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“Plan Effective Date” has the meaning assigned to such term in the Restructuring Support Agreement.

“Plan of Reorganization” means a plan of reorganization that is prepared and distributed in accordance with the Bankruptcy Code, consistent in all respects with the terms of the Restructuring Support Agreement and otherwise in form and substance satisfactory to the Requisite Revolving Lenders and the Requisite Term Lenders and, solely with respect to provisions that affect the Administrative Agents and the Collateral Agent (in their capacity as such), satisfactory to the Administrative Agents and Collateral Agent.

“Pledge and Security Agreement” means the Pledge and Security Agreement dated as of the Effective Date executed by the Parent, the Borrowers, each other Guarantor party thereto and the Collateral Agent.

“Pledged Notes” has the meaning specified in the Pledge and Security Agreement.

“Pledged Stock” has the meaning specified in the Pledge and Security Agreement.

“Prepetition Agent” means (a) each Existing First-Lien Agent, (b) the Existing LC Agreement Agent, (c) each Existing Super-Priority Agent, (d) Credit Agricole, in its capacity as collateral agent under the Existing Collateral Agency and Intercreditor Agreement, or any successor in such capacity and (e) Credit Agricole, in its capacity as collateral agent under the Existing Super-Priority Collateral Agency Agreement, or any successor in such capacity.

“Prepetition Credit Agreements” means (a) the Existing First-Lien Credit Agreement, (b) the Existing Letter of Credit Agreement, and (c) the Existing Super-Priority Credit Agreement.

“Prepetition Credit Facilities” means the credit facilities established under and pursuant to the Prepetition Credit Agreements.

“Prepetition Secured LC Obligations” means the LC Facility Obligations (as defined in the Existing First-Lien Credit Agreement), the Revolving Letter of Credit Obligations (as defined in the Existing First-Lien Credit Agreement), the Cash Secured Letter of Credit Obligations (as defined in the Existing First-Lien Credit Agreement), the Obligations (as defined in the Lloyds Facility), the “Revolving Letter of Credit Obligations” (as defined in the Existing Super-Priority Credit Agreement), and the Letter of Credit Obligations (as defined in the Existing Letter of Credit Agreement).

“Prepetition Secured Obligations” means (a) the “Secured Obligations” as defined in the Existing Collateral Agency and Intercreditor Agreement, (b) the “Term Issuer Obligations” as defined in the Existing Collateral Agency and Intercreditor Agreement, (c) the “Claims” as defined in the Existing Collateral Agency and Intercreditor Agreement, and (d) the “Obligations” as defined in the Existing Super-Priority Credit Agreement.

“Prepetition Secured Parties” means any holder of Prepetition Secured Obligations.

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“Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest rate per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Applicable Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Applicable Administrative Agent).

“Primed Liens” has the meaning set forth in Section 2.24.

“Priming Liens” has the meaning set forth in Section 2.24.

“Professional Fees” means attorneys’ fees, costs and expenses and the fees, costs and expenses of any other professionals.

“Project Charges” means the change in project gross profit between one Fiscal Quarter’s earnings release and the next Fiscal Quarter’s earnings release related to the Specified Projects and any other projects not listed which incur charges substantial enough to require disclosure in the Company’s earnings release.

“Projections” means those financial projections of the Parent and its Subsidiaries delivered to each Administrative Agent by the Parent covering the Fiscal Years 2019 through 2023.

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

“Public-Side Lenders” means Lenders that do not wish to receive MNPI.

“Purchasing Lenders” has the meaning specified in Section 11.7(a)(i).

“Purchasing Revolving Lender” has the meaning specified in Section 11.7(a)(i).

“Purchasing Term Lender” has the meaning specified in Section 11.7(a).

“Ratable Portion” means, subject to adjustment as provided in Section 2.15(f), Section 2.16(e) and Section 2.23(a)(iv):

(a)for purposes of Section 10.5, with respect to any Lender at any time, the percentage obtained by dividing (x) (i) the Revolving Commitment of such Lender at such time plus (ii) such Lender’s Term Exposure at such time by (y) the sum of (i) the aggregate Revolving Commitments of all Lenders at such time plus (ii) the aggregate Term Exposure of all Lenders at such time; provided that if the Revolving Commitments have been terminated, then the Ratable Portion of any Revolving Lender shall be determined based on the Revolving Commitments of the Lenders immediately prior to such termination, and provided further that if the aggregate Term Exposure is reduced to $0.00 or the Term Exposure of any Term Lender is reduced due to a reduction in its Term Commitment without a funding thereunder, then the Ratable Portion of such Lender shall be determined based on the Term Exposure used for purposes of this clause (a) of the Lenders immediately before such reduction;

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(b)except as provided in clause (a) above, with respect to the Revolving Commitments or Revolving Obligations of any Revolving Lender at any time, the percentage obtained by dividing (i) the Revolving Commitments of such Revolving Lender at such time by (ii) the aggregate Revolving Commitments of all Revolving Lenders at such time; provided that if the Revolving Commitments have been terminated, then the Ratable Portion of such Revolving Lender shall be determined based on the Ratable Portions of such Revolving Lender, and of all other Revolving Lenders, immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof;

(c)[reserved]; and

(d)except as provided in clause (a) above, with respect to the Term Commitments or the Term Loans of any Term Lender at any time, the percentage obtained by dividing (i) the Funded Portion of such Term Lender at such time by (ii) the Funded Portion of all Term Lenders at such time (or, as the context requires with respect to the New Money Term Facility or the Refinanced Term Facility at any time, as applicable, the percentage obtained by dividing (i) the Funded Portion in respect of the New Money Term Facility or the Refinanced Term Facility, as applicable, of such Term Lender at such time by (ii) the Funded Portion in respect of the New Money Term Facility or the Refinanced Term Facility, as applicable, of all Term Lenders at such time).

“Real Property” means all Mortgaged Property and all other real property owned or leased from time to time by any Loan Party or any of its Restricted Subsidiaries.

“Refinanced Make-Whole Term Loan” has the meaning set forth in Section 2.1(b).

“Refinanced Term Loans” has the meaning set forth in Section 2.1(b).

“Refinanced Term Facility” means the Refinanced Make-Whole Term Loans and the Refinanced Term Loans.

“Regulation S-X” means Regulation S-X under the Securities Act of 1933.

“Regulation T” means Regulation T of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by and to brokers and dealers of securities for the purpose of purchasing or carrying margin stock (as defined therein).

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks, non-banks and non-broker lenders for the purpose of purchasing or carrying margin stock applicable to member banks of the Federal Reserve System.

“Related Obligations” has the meaning specified in Section 10.8.

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“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, representatives, attorneys, consultants, advisors and trustees of such Person and of such Person’s Affiliates.

“Release” means, with respect to any Person, any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration, in each case, of any Contaminant into the indoor or outdoor environment or into or out of any property owned by such Person, including the movement of Contaminants through or in the air, soil, surface water, ground water or property and, in each case, in violation of Environmental Law.

“Remedial Action” means all actions required by any applicable Environmental Law to (a) clean up, remove, treat or in any other way address any Contaminant in the indoor or outdoor environment, (b) prevent the Release or threat of Release or minimize the further Release so that a Contaminant does not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment or (c) perform pre‑remedial studies and investigations and post‑remedial monitoring and care.

“Requirement of Law” means, with respect to any Person, the common law and all federal, state, local and foreign laws, rules and regulations, orders, judgments, decrees and other determinations of any Governmental Authority or arbitrator, applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject, including, without limitation, foreign exchange control, United States foreign assets control, and currency reporting laws and regulations, now or hereafter applicable, and all licensing and other formalities, necessary for the import, export and transport of any property, including, without limitation, those required by the regulations of the Export Administration of the Bureau of Industry and Security.

“Requisite Lenders” means at any time, Lenders having Exposure and unused Commitments representing at least a majority of the sum of all Exposure outstanding and unused Commitments at such time; provided that the Commitments and Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Requisite Lenders.

“Requisite Revolving Lenders” means, at any time, Lenders having Revolving Exposure and unused Revolving Commitments (as set forth on Part B of Schedule I) representing at least a majority of the sum of all Revolving Exposure outstanding at such time and unused Revolving Commitments (as set forth on Part B of Schedule I) at such time; provided that the Revolving Commitments and Revolving Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Requisite Revolving Lenders.

“Requisite Term Lenders” means, at any time, Lenders having Term Exposure representing at least a majority of the sum of the Term Exposure of all Lenders at such time.

“Responsible Officer” means, with respect to any Person, any of the principal executive officers, managing members, managing directors or general partners of such Person but, in any event, with respect to financial matters, the chief financial officer, treasurer, assistant treasurer or controller of such Person.

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“Restricted Payment” means:

(a)any dividend, interest or any other distribution or payment (exclusive of any interest paid in kind on preferred stock outstanding on the date hereof), whether direct or indirect, on account of any Stock or Stock Equivalents of the Parent or any of its Restricted Subsidiaries now or hereafter outstanding, except a dividend, interest or any other distribution or payment payable solely in Stock or Stock Equivalents (other than Disqualified Stock) or a dividend or distribution payable solely to the Borrowers or one or more of the other Subsidiary Guarantors;

(b)any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any Stock or Stock Equivalents of the Parent or any of its Restricted Subsidiaries now or hereafter outstanding other than one payable solely to the Borrowers or one or more of the other Subsidiary Guarantors; and

(c)any Investment.

“Restricted Subsidiary” means a Subsidiary that is not an Unrestricted Subsidiary. For the avoidance of doubt, the Borrowers shall at all times be Restricted Subsidiaries. Except where context requires otherwise, a reference to a “Restricted Subsidiary” shall be a reference to a Restricted Subsidiary of the Parent.

“Restructuring Charges” means, the amount of (a) any restructuring charges, accruals or reserves, including any such charges related to the Cases and (b) without duplication of the foregoing in clause (a), any impairment charges, asset write-offs and other similar charges and any restructuring charges, accruals or reserves related to the consolidation, termination, closing or demobilization of facilities, plants, software, equipment or other assets and (c) any net loss incurred from the early extinguishment of any indebtedness, obligations under swap contracts or other derivative instruments.

“Restructuring Costs” means, without duplication, all restructuring-related fees, charges and expenses incurred by Parent or its Consolidated Subsidiaries, including, without limitation, all fees and expenses incurred or payable by Parent and its Subsidiaries in connection with this Agreement and the Prepetition Credit Agreements, including, without limitation, (a) advisory fees, amendment fees, accounting fees, transaction fees, upfront fees, arrangement fees, commitment fees, engagement fees, legal fees and other similar types of fees and (b) employee and management severance costs and expenses and retention program costs and expenses (including any bonuses in connection therewith).

“Restructuring Support Agreement” means the Restructuring Support Agreement dated as of January 21, 2020, among the Parent, certain of the Parent’s Subsidiaries and the consenting parties thereto, and all annexes, attachments and exhibits thereto, as amended in accordance with the terms thereof.

“Revolving Administrative Agent” has the meaning specified in the preamble to this Agreement.

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“Revolving Commitment” means, with respect to each Revolving Lender, on any day, the commitment of such Revolving Lender to participate in Revolving Letters of Credit, in the aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule I; provided that, notwithstanding the foregoing, if such day is prior to the Final Facility Effective Date, such amount shall be as set forth on Part A of such Schedule I, and upon the Final Facility Effective Date, such amount shall be as set forth on Part B of such Schedule I, or, in each case, in the Assignment and Acceptance pursuant to which such Revolving Lender becomes a party hereto, as any such amount may be adjusted from time to time pursuant to this Agreement.

“Revolving Commitment Fee” has the meaning specified in Section 2.15(a)(i).

“Revolving Commitments” means the aggregate of such commitments for all Revolving Lenders, which as of the Effective Date is $300,000,000.00, and as of the Final Facility Effective Date, is $743,000,000.00.

“Revolving Exposure” means, with respect to any Revolving Lender, at any time, such Revolving Lender’s Ratable Portion of the Revolving Letter of Credit Obligations at such time.

“Revolving Facility” means the letter of credit facility evidenced by this Agreement and described in Section 2.4.

“Revolving Issuer” means (a) as to the Existing Super-Priority Letters of Credit, the issuer thereof, and (b) otherwise, each Person that (i) is listed on Schedule II as a Revolving Issuer or (ii) (A) is, at the time it becomes a “Revolving Issuer” hereunder, a Revolving Lender or Affiliate of a Revolving Lender and (B) hereafter becomes a Revolving Issuer with the approval of the Revolving Administrative Agent and the Borrowers and that has executed an agreement with, and in form and substance reasonably satisfactory to, the Revolving Administrative Agent and the Borrowers, to be bound by the terms hereof applicable to Revolving Issuers.

“Revolving Lender” means each financial institution or other entity that (a) is listed on the signature pages of the Agreement as a “Revolving Lender” or (b) from time to time becomes a party hereto as a Revolving Lender by execution of an Assignment and Acceptance or an Increase and Joinder Agreement.

“Revolving Letter of Credit” means, without duplication, each Performance Letter of Credit issued pursuant to Section 2.4 and, on and after the Final Facility Effective Date, each Existing Super-Priority Letter of Credit.

“Revolving Letter of Credit Issuer Commitment” means (a) the amount set forth on Schedule II for each Revolving Issuer as its Revolving Letter of Credit Issuer Commitment or (b) such other amount as any Revolving Issuer and the Borrowers may agree in writing delivered to the Revolving Administrative Agent at the time such Revolving Issuer becomes a “Revolving Issuer” hereunder.

“Revolving Letter of Credit Obligations” means, at any time, without duplication, the aggregate amount equal to the sum of (a) the Revolving Reimbursement Obligations at such time (or, for any Revolving Reimbursement Obligations in any Alternative Currency, the Dollar Equivalent thereof at such time) and (b) the Revolving Letter of Credit Undrawn Amounts at such time.

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“Revolving Letter of Credit Undrawn Amounts” means, at any time, the aggregate undrawn amount of all Revolving Letters of Credit outstanding at such time (or, for any Revolving Letter of Credit denominated in an Alternative Currency, the Dollar Equivalent thereof at such time).

“Revolving Maturity Date” means the earliest to occur of (a) nine months after the Petition Date, which date shall be extended automatically by an additional 90 days if the following conditions are satisfied on the date that is ten business days prior to the date that is nine months after the Petition Date: (i) No Default or Event of Default shall exist, (ii) the representations and warranties set forth in Article IV hereof that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV hereof that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of such date or, to the extent such representations and warranties expressly relate to an earlier date, as of such earlier date, (iii) the Restructuring Support Agreement has not been terminated other than as to the Consenting Noteholders (as defined in the Restructuring Support Agreement), (iv) an order approving the Technology Business Sale has been entered by the Bankruptcy Court and (v) the Technology Business Sale has not closed solely due to regulatory approvals remaining outstanding; (b) the Plan Effective Date; and (c) acceleration of the Revolving Letter of Credit Obligations pursuant to the terms hereunder following the occurrence of an Event of Default.

“Revolving Register” has the meaning specified in Section 11.2(c)(i).

“Revolving Reimbursement Obligations” means all outstanding matured reimbursement or repayment obligations payable to any Revolving Issuer with respect to amounts drawn under Revolving Letters of Credit.

“Revolving Termination Date” means the earliest to occur of (a) the Revolving Maturity Date, (b) the date of termination of all the Revolving Commitments pursuant to Section 2.8 or Section 9.2, and (c) the date on which all Revolving Letter of Credit Obligations become due and payable pursuant to Section 9.2.

“Rolled-Up Additional Obligations” means any interest and fees (including Commitment Fees (as defined in the Existing Super-Priority Credit Agreement) due in respect of the Existing Super-Priority Term Loans and the Existing Super-Priority Letters of Credit as of the Final Facility Effective Date.

“Roll-Up Term Lender” has the meaning specified in Section 2.1(b).

“S&P” means S&P Global Ratings, a division of S&P Global, Inc., and its successors.

“Sanctioned Country” means, at any time, a country or territory which is, or whose government is, the subject or target of any Sanctions.

“Sanctioned Person” means, at any time, (a) any vessel or Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any EU member state, the United Kingdom or Canada, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person.

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“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or Global Affairs Canada.

“Scheduled Term Maturity Date” means the earliest to occur of (a) nine months after the Petition Date, which date shall be extended automatically by an additional 90 days if the following conditions are satisfied on the date that is ten business days prior to the date that is nine months after the Petition Date: (i) No Default or Event of Default shall exist, (ii) the representations and warranties set forth in Article IV hereof that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV hereof that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of such date or, to the extent such representations and warranties expressly relate to an earlier date, as of such earlier date, (iii) the Restructuring Support Agreement has not been terminated other than as to the Consenting Noteholders (as defined in the Restructuring Support Agreement), (iv) an order approving the Technology Business Sale has been entered by the Bankruptcy Court and (v) the Technology Business Sale has not closed solely due to regulatory approvals remaining outstanding; (b) the Plan Effective Date; and (c) acceleration of the Term Loans pursuant to the terms hereunder following the occurrence of an Event of Default.

“SEC” means the U.S. Securities and Exchange Commission.

“Secured Parties” means the Lenders, the Issuers, each Agent and any other holder of any Obligation.

“Security” means any Stock, Stock Equivalent, voting trust certificate, bond, debenture, promissory note or other evidence of Indebtedness, whether secured, unsecured, convertible or subordinated, or any certificate of interest, share or participation in, or any temporary or interim certificate for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing, but shall not include any evidence of the Obligations.

“Security Principles” means, other than pursuant to the DIP Orders, (A) no actions shall be required under the law of any non-U.S. jurisdiction in order to create or perfect any security interest other than (x) in respect of Mortgaged Vessels, (y) actions required under the laws of the jurisdictions listed on Schedule 7.14 and (z) actions reasonably requested by either Administrative Agent or the Collateral Agent in any other jurisdiction taking into account (1) the materiality of the relevant Collateral, (2) the cost thereof and (3) the benefits to the Lenders afforded thereby, and (B) no Lien by any Person organized outside of the United States shall be made that would result in any breach of any law or regulation (or analogous restriction) of the jurisdiction of organization of such Person or result in a substantial risk to the officers or directors of such Person of a civil or criminal liability; provided that if any actions are not taken in respect of Collateral solely as a result of this sub-clause (B), the Parent shall, at the reasonable request of either Administrative Agent or the Collateral Agent, diligently pursue any relevant governmental or third party consents or other authority to permit such subsidiary to create or perfect a security interest in such Collateral or to mitigate such risk of liability.

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“Selling Lenders” has the meaning specified in Section 11.7(a)(i).

“Selling Revolving Lender” has the meaning specified in Section 11.7(a)(i).

“Selling Term Lender” has the meaning specified in Section 11.7(a).

“Special Purpose Vehicle” means any special purpose funding vehicle identified as such in writing by any Lender to each Administrative Agent and controlled by that Lender.

“Specified Asset Sale” means (a) any Asset Sale made in reliance on clause (g), (h), (i), (j), (n) or (o) of Section 8.4, (b) any sale by the Parent or any of its Restricted Subsidiaries of any equity interests in any Restricted Subsidiary and (c) any issuance of Stock or Stock Equivalents by any Restricted Subsidiary, in each case of the foregoing clauses (a) through (c), resulting in aggregate Net Cash Proceeds exceeding $5,000,000.00 during the term of this Agreement. The term “Specified Asset Sale” shall not include any Insurance/Condemnation Event or the Technology Business Sale.

“Specified Projects” means Cameron, Duke Asheville, Calpine, MOX, Tyra Pkg 1 & 3, Freeport 1&2, Freeport 3, ROTA-3 PIPELINE, KGD 98/2 SPS Surf, Golden Pass, Mozambique, TOTAL Ethane, Borstar, Entergy – Lake Xxxxxxx, Entergy – St. Xxxxxxx and Entergy – Xxxxxxxxxx County.

“Stock” means shares of capital stock (whether denominated as common stock or preferred stock), partnership or membership interests, equity participations or other equivalents (regardless of how designated) of or in a corporation, partnership, limited liability company or similar business entity, whether voting or non‑voting.

“Stock Equivalents” means all securities convertible into or exchangeable for Stock and all warrants, options or other rights to purchase or subscribe for any Stock, whether or not presently convertible, exchangeable or exercisable.

“Subsidiary” means, with respect to any Person, a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares or securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person and in relation to a person incorporated (or established) in the Netherlands, a “dochtermaatschappij” within the meaning of section 2:24a DCC (regardless whether the shares or voting rights on the shares in such company are held directly or indirectly through another “dochtermaatschappij”). Unless otherwise specified, all references herein to a “Subsidiary”, “Restricted Subsidiary”, “Restricted Subsidiaries” or “Subsidiaries” shall refer to a Subsidiary, Restricted Subsidiary, Restricted Subsidiaries or Subsidiaries of the Parent.

“Subsidiary Guarantor” means each Guarantor other than the Parent. As of the Effective Date, each Subsidiary of the Parent listed on Schedule V hereto is a Subsidiary Guarantor.

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“Super-Priority Lender” has the meaning set forth in the definition of “Existing Super-Priority Credit Agreement”.

“Supermajority Lenders” means Supermajority Revolving Lenders and Supermajority Term Lenders, each voting as a separate class.

“Supermajority Revolving Lenders” means, at any time, Lenders having Revolving Exposure and unused Revolving Commitments representing at least 66 2/3% of the sum of all Revolving Exposure outstanding and unused Revolving Commitments at such time; provided that the Revolving Commitment and Revolving Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Supermajority Revolving Lenders.

“Supermajority Term Lenders” means, at any time, Lenders holding Term Exposure with an aggregate principal amount of at least 66 2/3% of the sum of all Term Exposure outstanding at such time; provided that the Term Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Supermajority Term Lenders.

“Superpriority Claim” has the meaning set forth in Section 2.24(a).

“Swap Obligation” means, with respect to any Subsidiary Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

“Tax Affiliate” means, with respect to any Person, (a) any Subsidiary of such Person, and (b) any Affiliate of such Person with which such Person files or is eligible to file affiliated, consolidated, combined, unitary or other similar Tax Returns.

“Tax Returns” has the meaning specified in Section 4.8.

“Taxes” has the meaning specified in Section 2.19(a).

“Tech Sale Proceeds Account” has the meaning specified in Section 2.12(c).

“Technology Business” means, collectively, (a) the technology business segment operated by the Parent and its Subsidiaries which provides proprietary technology licenses, associated engineering services, proprietary equipment and catalysts, primarily for the petrochemical and refining industries, and (b) the engineered products business segment operated by the Parent and its Subsidiaries which provides engineered products for the oil and gas, petrochemical, power generation, water and wastewater, mining and mineral processing industries, provided that, the “Technology Business” shall exclude, for the avoidance of doubt, (i) the minority ownership interest in Net Power LLC owned by Xxxxxx Technology LLC and (ii) know-how and intellectual property of the Parent and its Subsidiaries, including its patents, designs, digital infrastructure and service techniques, in each case not primarily used in the ordinary course of the business segments described in (a) and (b), which have been transferred to Xxxxxx Technology and its affiliates pursuant to the Transfer of Proprietary Rights Agreement dated May 10, 2018 between Xxxxxx Technology LLC and X. Xxx Holdings Inc., the Transfer of Propriety Rights Agreement dated May 10, 2018 between McDermott Technology (Americas), Inc., McDermott Technology (US), Inc. and Chicago Bridge & Iron Company and the Transfer of Propriety Rights Agreement dated May

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10, 2018 between Xxxxxx Technology LLC, McDermott Technology (Americas), Inc. and McDermott Technology (US), Inc., and otherwise; provided, further, that, the “Technology Business” shall also exclude all of the equity interests of Xxxxxx Consultants International Ltd. and Xxxxxx Consultants International LLC unless the purchaser in the Technology Business Sale elects to acquire such equity interests pursuant to the definitive documentation for such Technology Business Sale.

“Technology Business Sale” has the meaning specified in the Restructuring Support Agreement.

“Term Commitment” means, with respect to each Term Lender, such Term Lender’s commitment consisting of its Interim New Money Term Commitment and Final New Money Term Commitment. “Term Commitments” means the aggregate of such commitments for all Term Lenders, and the aggregate amount of the Term Commitments on the Effective Date is $1,200,000,000.00.

“Term Exposure” means, with respect to any Term Lender, at any time, the sum of (a) the unfunded Term Commitment of such Term Lender at such time and (b) the aggregate principal amount of the outstanding Term Loans held by such Term Lender at such time.

“Term Facilities” means, collectively, the New Money Term Facility and the Refinanced Term Facility.

“Term Lenders” means Lenders (including Roll-Up Term Lenders) having a Term Commitment and/or owed Term Loans.

“Term Loan” means each New Money Term Loan, each Refinanced Term Loan and each Refinanced Make-Whole Term Loan.

“Term Loan Ad Hoc Group” has the meaning specified in the Restructuring Support Agreement.

“Term Loan Administrative Agent” has the meaning specified in the preamble to this Agreement.

“Term Maturity Date” means the earliest to occur of (a) the Scheduled Term Maturity Date, and (b) the date on which all Term Loans and interest thereon become due and payable pursuant to Section 9.2.

“Term Register” has the meaning specified in Section 11.2(c)(ii).

“Treasury Management Obligations” has the meaning given to such term in the definition of “Obligations”.

“Title IV Plan” means a pension plan, other than a Multiemployer Plan, covered by Title IV of ERISA and to which the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate has any obligation or liability (contingent or otherwise).

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“Transactions” means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the creation of the Liens provided for in the Collateral Documents and, in the case of the Borrowers, the borrowing of Loans, the use of the proceeds thereof, and the issuance of Letters of Credit hereunder.

“Treasury Management Arrangement” means any arrangement for credit card, cash management, clearing house, wire transfer, depository, treasury or investment services in connection with any transfer or disbursement of funds through an automated clearing house or on a same day or immediate or accelerated availability basis (including all monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise of the Parent or any of its Subsidiaries arising out of any cash management, clearing house, wire transfer, depository, treasury or investment services) provided to the Parent or any of its Subsidiaries. The designation of any such arrangement as a Treasury Management Arrangement shall not create in favor of the counterparty that is a party thereto any rights in connection with the management, enforcement or release of any Collateral.

“Treasury Regulations” means the final and temporary income Tax regulations promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations).

“Type” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Eurodollar Rate or the Base Rate.

“UCC” means the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of definitions related to such provisions.

“Undisclosed Administration” means, in relation to a Lender or its direct or indirect parent company, the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender or such parent company is subject to home jurisdiction supervision if applicable law requires that such appointment is not to be publicly disclosed; provided that such appointment does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or appointed Person) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Lender.

“Unrestricted Subsidiary” means:

(a)any Captive Insurance Subsidiary;

(b)the Amazon Entity; and

(c)the North Ocean Entity until such time as the NO 105 Indebtedness is paid in full.

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“U.S. Subsidiary” means any Subsidiary of the Parent that is organized under the laws of the United States of America, any State thereof or the District of Columbia.

“U.S. Tax Compliance Certificate” has the meaning specified in Section 2.19(e).

“USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001)) and the regulations and rules promulgated thereunder.

“Variance Receipts Testing Date” has the meaning ascribed to it in Section 6.1(d)(iii).

“Variance Receipts Testing Period” has the meaning ascribed to it in Section 6.1(d)(iii).

“Variance Disbursement Testing Date” has the meaning ascribed to it in Section 6.1(d)(ii).

“Variance Disbursement Testing Period” has the meaning ascribed to it in Section 6.1(d)(ii).

“Variance Testing Date” means (a) with respect to any test relating to cash disbursements or vendor disbursements and JV infusions, the Variance Disbursement Testing Date and (b) with respect to any test relating to cash receipts, the Variance Receipts Testing Date.

“Variance Testing Period” means (a) with respect to any test relating to cash disbursements or vendor disbursements and JV infusions, the Variance Disbursement Testing Period and (b) with respect to any test relating to cash receipts, Variance Receipts Testing Period.

“Voting Stock” means Stock of any Person having ordinary power to vote in the election of members of the board of directors, managers, trustees or similar controlling Persons of such Person (irrespective of whether, at the time, Stock of any other class or classes of such entity shall have or might have voting power by reason of the happening of any contingency).

“Wholly-Owned” means, in respect of any Person, any Subsidiary of such Person, all of the Stock of which (other than director’s qualifying shares, and the like, as may be required by applicable law) is owned by such Person, either directly or indirectly through one or more Wholly-Owned Subsidiaries thereof.

“Withdrawal Liability” means, with respect to the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate at any time, the aggregate liability incurred (whether or not assessed) with respect to all Multiemployer Plans pursuant to Section 4201 of ERISA.

“Withholding Agent” means any Loan Party and any Administrative Agent.

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

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Section 1.2Computation of Time Periods

In this Agreement, in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and, where applicable, the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including.”

Section 1.3Accounting Terms and Principles

(a)Except as set forth below, all accounting terms not specifically defined herein shall be construed in conformity with GAAP and all accounting determinations required to be made pursuant hereto shall, unless expressly otherwise provided herein, be made in conformity with GAAP.

(b)If any change in the accounting principles used in the preparation of the most recent Financial Statements referred to in Section 6.1 is hereafter required or permitted by the rules, regulations, pronouncements and opinions of the Financial Accounting Standards Board or the American Institute of Certified Public Accountants (or any successors thereto) and such change is adopted by the Parent without objection from the Parent’s Accountants and results in a change in any of the calculations required by Article V or VIII had such accounting change not occurred, the parties hereto agree to enter into good faith negotiations in order to amend such provisions so as to equitably reflect such change with the desired result that the criteria for evaluating compliance with such covenants by the Loan Parties shall be the same after such change as if such change had not been made; provided, however, that no change in GAAP that would affect a calculation that measures compliance with any covenant contained in Article V or VIII shall be given effect until such provisions are amended to reflect such changes in GAAP.

(c)Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Statement of Financial Account Standards 159 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Parent or any of its Subsidiaries at “fair value”, as defined therein.

Section 1.4Certain Terms

(a)The words “herein,” “hereof” and “hereunder” and similar words refer to this Agreement as a whole, and not to any particular Article, Section, subsection or clause in this Agreement.

(b)Unless otherwise expressly indicated herein, (i) references in this Agreement to an Exhibit, Schedule, Article, Section, clause or sub-clause refer to the appropriate Exhibit or Schedule to, or Article, Section, clause or sub-clause in this Agreement, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, and (iii) the words “above” and “below”, when following a reference to a clause or a sub-clause of any Loan Document, refer to a clause or sub-clause within, respectively, the same Section or clause.

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(c)Each agreement defined in this Article I shall include all appendices, exhibits and schedules thereto. Unless otherwise specified, references in this Agreement to an agreement shall be to such agreement as so amended, restated, supplemented or modified, unless (i) any consent is required hereunder for an amendment, restatement, supplement or other modification to any such agreement and such consent is not obtained or (ii) it is otherwise specified that such reference refers to such agreement as of a particular date.

(d)References in this Agreement to any statute shall be to such statute as amended or modified, together with any successor legislation, in each case in effect at the time any such reference is operative unless it is otherwise specified that such reference refers to such statute as of a particular date.

(e)The term “including” when used in any Loan Document means “including without limitation” except when used in the computation of time periods. The phrase “in the aggregate”, when used in any Loan Document, means “individually or in the aggregate,” unless otherwise expressly noted.

(f)Upon the appointment of any successor Administrative Agent pursuant to Section 10.6, the reference to Credit Agricole or Barclays, as applicable, in the definition of Dollar Equivalent shall be deemed to refer to the financial institution then acting as the Applicable Administrative Agent or one of its Affiliates if it so designates.

(g)Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any issuer document related thereto, provides for one or more automatic increases after such time in the stated amount thereof, the amount of such Letter of Credit shall be deemed for all purposes (other than determining the Letter of Credit Participation Fees and Fronting Fees payable in connection with such Letter of Credit) to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time or may occur in the future.

(h)The phrase “unmatured or undrawn” when used in any Loan Document with respect to any unfunded obligation means that (i) the beneficiary of the applicable letter of credit, bankers’ acceptance, surety bond, performance bond, bank guarantee or other similar obligation has not made a bona fide drawing or other demand for funding under such letter of credit, bankers’ acceptance, surety bond, performance bond, bank guarantee or other similar obligation and (ii) the issuer of such letter of credit, bankers’ acceptance, surety bond, performance bond, bank guarantee or other similar obligation shall not have a favorable legal judgment to obtain cash collateral in respect thereof.

Section 1.5Dutch Terms

(a)In relation to any entity that is incorporated, or where applicable, has its centre of main interest in the Netherlands, a reference to:

(i)a moratorium includes voorlopige surseance van betaling or surseance van betaling;

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(ii)winding up, liquidation and reorganization (and any of those terms) includes an entity being declared bankrupt (failliet verklaard), dissolved (ontbonden) or subjected to any emergency regulations;

(iii)admit in writing its inability to pay its debts generally includes with respect to an entity the filing of any notice under section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) (“TCA”) or section 60 paragraphs 2 and/or 3 of the Social Insurance Financing Act of the Netherlands (Wet Financiering Sociale Verzekeringen) in conjunction with section 36 of the TCA;

(iv)a security interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and any other rights in rem (zakelijke rechten) or other rights created for the purpose of granting security;

(v)all necessary corporate, limited liability company or partnership action includes, without limitation, where applicable, (i) compliance with any requirements of the Dutch Works Councils Act (Wet op de ondernemingsraden) or the European Works Councils Act (Wet op de Europese ondernemingsraden) and (ii) having obtained an (x) unconditional neutral advice (advies) or unconditional positive advice, or (y) a conditional positive advice, from the competent works council.

For the purpose of this Section 1.5(a)(v):

(A)“unconditional neutral advice” and “unconditional positive advice” means an advice which can be read as an advice to execute and proceed with the proposed decision(s) as described in the request for advice; and

(B)“conditional positive advice” means an advice of which all conditions can reasonably be expected to be satisfied without having a Material Adverse Effect;

(vi)an administrator includes a bewindvoerder and a stille bewindvoerder;

(vii)a distribution or dividend includes any distribution of profits (winstuitkering) or the distribution of reserves (uitkering uit reserves);

(viii)“organizational documents” means a copy of:

(1)the articles of association (statuten);

(2)the deed of incorporation (akte van oprichting); and

(3)an up-to-date extract (uittreksel) from the trade register (Handelsregister) of the Dutch chamber of commerce (Xxxxx van Koophandel); and

(b)officers include managing directors of a Dutch entity.

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ARTICLE II

The Loans and Letters of Credit

Section 2.1Term Commitments

(a)On the terms and subject to the conditions contained in this Agreement and the DIP Orders, each Term Lender severally agrees to make the following New Money Term Loans to the Borrowers; provided, however that the aggregate principal amount of all New Money Term Loans funded by such Lender shall not exceed such Lender’s Term Commitment and the aggregate amount of all New Money Term Loans funded by the Term Lenders shall not exceed the Term Commitments:

(i)a new money term loan (such term loan, an “Interim New Money Term Loan”) to the Borrowers in a single Borrowing on the Effective Date (which shall be a Business Day) in Dollars in an aggregate principal amount not to exceed such Term Lender’s Interim New Money Term Commitment; and

(ii)a new money term loan (such term loan, a “Final New Money Term Loan”) to the Borrowers in a single Borrowing on the Final Facility Effective Date (which shall be a Business Day) in Dollars in an aggregate principal amount not to exceed the sum of (x) such Term Lender’s Final New Money Term Commitment plus (y) any unfunded portion of such Term Lender’s Interim New Money Term Commitment. Each Term Lender’s Term Commitment shall terminate immediately and without any further action upon the making of such Final New Money Term Loans by such Term Lender.

(b)On the terms and subject to the conditions contained in this Agreement and the DIP Orders, on the Final Facility Effective Date, each Term Lender that is a Super-Priority Term Lender (a “Roll-Up Term Lender”) severally agrees that (i) (A) the aggregate outstanding principal amount of Existing Super-Priority Term Loans held by such Roll-Up Term Lender as of the Petition Date and (B) the Rolled-Up Additional Obligations due in respect of the Existing Super-Priority Term Loans to such Roll-Up Term Lender, shall be deemed exchanged for, repaid by and converted into a term loan to the Borrowers hereunder (each, a “Refinanced Term Loan”) and (ii) the aggregate outstanding amount (the “Make-Whole Amount”) of the “Applicable Premium” (as defined in the Existing Super-Priority Credit Agreement) due to such Roll-Up Term Lender pursuant to Section 2.11(b) of the Existing Super-Priority Credit Agreement as of the Petition Date, shall be deemed exchanged for, repaid by and converted into a term loan to the Borrowers hereunder (each, a “Refinanced Make-Whole Term Loan”), in each case of clauses (i) and (ii) above, on a dollar-for-dollar basis, which exchange and conversion (for the avoidance of doubt) shall not constitute a novation. Subject to the terms and conditions set forth herein and in the DIP Orders, and without any further action by any party to this Agreement, each Roll-Up Term Lender’s Refinanced Term Loans and Refinanced Make-Whole Term Loans shall, on the Final Facility Effective Date, be deemed to be Term Loans and administered hereunder. For the avoidance of doubt, until such Refinanced Term Loans and Refinanced Make-Whole Term Loans are deemed to be Term Loans hereunder and approved by the DIP Orders, such Existing Super-Priority Term Loans, Rolled-Up Additional Obligations due in respect of the Existing Super-Priority Term Loans and Make-Whole Amount of each Roll-Up Term Lender shall continue to be

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guaranteed by the applicable guarantors under the Existing Super-Priority Guaranty Agreement and secured by and entitled to the benefits of all Liens created and arising under the Existing Super-Priority Collateral Documents, which Liens shall remain in full force and effect on a continuous basis, unimpaired, uninterrupted and undischarged, and having the same perfected status and priority. To the extent not all such Existing Super-Priority Term Loans, Rolled-Up Additional Obligations due in respect of the Existing Super-Priority Term Loans and Make-Whole Amount of each Roll-Up Term Lender are deemed to be Term Loans hereunder and approved by the DIP Orders, the amount of Refinanced Term Loans and Refinanced Make-Whole Term Loans indefeasibly deemed to be Term Loans hereunder and approved by the DIP Orders, shall be allocated on a pro rata basis to the Roll-Up Term Lenders. The Refinanced Term Loans and the Refinanced Make-Whole Term Loans shall jointly constitute a single, fungible tranche of Term Loans hereunder and under the other Loan Documents and a single Facility hereunder. For the avoidance of doubt, such tranche shall be separate and distinct from the single, fungible tranche of Term Loans consisting of the New Money Term Loans (which shall constitute a separate Facility hereunder). The Refinanced Term Loans and the Refinanced Make-Whole Term Loans shall share a CUSIP number. The New Money Term Loans shall have a different CUSIP number than the Refinanced Term Loans and the Refinanced Make-Whole Term Loans.

(c)Amounts of Term Loans that are repaid or prepaid may not be reborrowed.

Section 2.2Borrowing Procedures for the Term Loans

(a)There shall be one Borrowing of Interim New Money Term Loans on the Effective Date, which shall be made on notice given by the Borrowers to the Term Loan Administrative Agent not later than 11:00 a.m. (New York time) (A) one Business Day prior to the Borrowing date (or such shorter period as acceptable to the Term Loan Administrative Agent in its sole discretion), in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the Borrowing date (or such shorter period as acceptable to the Term Loan Administrative Agent in its sole discretion), in the case of a Borrowing of Eurodollar Rate Loans. Such notice shall be in substantially the form of Exhibit C (a “Notice of Term Borrowing”), specifying (1) the Effective Date (which shall be a Business Day) as the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing, (3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Interim New Money Term Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Term Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. The Borrowing of Interim New Money Term Loans shall be allocated in accordance with each Term Lender’s Interim New Money Term Commitment.

(b)There shall be one Borrowing of Final New Money Term Loans on the Final Facility Effective Date, which shall be made on a Notice of Term Borrowing given by the Borrowers to the Term Loan Administrative Agent not later than 11:00 a.m. (New York time) (A) one Business Day prior to the Final Facility Effective Date, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the Final Facility Effective Date, in the case of a Borrowing of Eurodollar Rate Loans. Such Notice of Term Borrowing shall specify (1) the Final Facility Effective Date (which shall be a Business Day) as the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing, (3) whether any portion of the proposed

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Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Final New Money Term Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Term Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. The Borrowing of such Final New Money Term Loans shall be allocated in accordance with each Term Lender’s Final New Money Term Commitment. Unless the Term Loan Administrative Agent shall have received notice from a Term Lender prior to the Effective Date or the Final Facility Effective Date, as applicable, that such Term Lender shall not make available to the Term Loan Administrative Agent such Term Lender’s portion of the Borrowing to be made on such date (or any portion thereof), the Term Loan Administrative Agent may assume that such Term Lender has made such portion available to the Term Loan Administrative Agent on the Effective Date or the Final Facility Effective Date, as applicable, in accordance with this Section 2.2 and the Term Loan Administrative Agent may, in reliance upon such assumption, make available to the Borrowers on such date a corresponding amount. If and to the extent that such Term Lender shall not have so made such portion available to the Term Loan Administrative Agent, such Term Lender and the Borrowers agree to repay to the Term Loan Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrowers until the date such amount is repaid to the Term Loan Administrative Agent, at (i) in the case of the Borrowers, the interest rate applicable at the time to the Term Loans comprising such Borrowing and (ii) in the case of such Term Lender, the Federal Funds Rate for the first Business Day and thereafter at the interest rate applicable at the time to the Term Loans comprising such Borrowing. If such Term Lender shall repay to the Term Loan Administrative Agent such corresponding amount, such corresponding amount so repaid shall constitute such Term Lender’s Term Loan as part of such Borrowing for purposes of this Agreement. If the Borrowers shall repay to the Term Loan Administrative Agent such corresponding amount, such payment shall not relieve such Term Lender of any obligation it may have hereunder to the Borrowers.

(c)The failure of any Term Lender to make its Term Loan or any payment required by it on the date specified, shall not relieve any other Term Lender of its obligations to make its Term Loan or payment on such date but no such other Term Lender shall be responsible for the failure of any Term Lender to make a Term Loan or payment required under this Agreement.

Section 2.3[Reserved]

Section 2.4Letters of Credit

(a)On the terms and subject to the conditions contained in this Agreement and the DIP Orders, on the Final Facility Effective Date (i) the Existing Super-Priority Letters of Credit shall be rolled up and deemed to have been issued under the Revolving Facility pursuant to, and shall constitute Letters of Credit for all purposes under, this Agreement and (ii) all Rolled-Up Additional Obligations due with respect to the Existing Super-Priority Letters of Credit as of the Final Facility Effective Date shall be rolled up and deemed to be accrued Obligations under this Agreement and shall be due and payable on the next applicable payment date for such type of Obligation hereunder. For the avoidance of doubt, until any Existing Super-Priority Letters of Credit have been deemed Letters of Credit hereunder and approved by the DIP Orders, the Existing

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Super-Priority Letters of Credit and the amount set forth in the foregoing clause (ii) shall continue to be guaranteed by the applicable guarantors under the Existing Super-Priority Guaranty Agreement and secured by and entitled to the benefits of all Liens created and arising under the Existing Super-Priority Collateral Documents, which Liens shall remain in full force and effect on a continuous basis, unimpaired, uninterrupted and undischarged, and having the same perfected status and priority.

(b)On the terms and subject to the conditions contained in this Agreement and the DIP Orders, each Revolving Issuer agrees to Issue one or more Revolving Letters of Credit at the request of, and for the account of, a Borrower to support obligations of the Parent, such Borrower, any of the Parent’s Subsidiaries or any Joint Venture, from time to time on any Business Day during the period commencing on the Effective Date and ending on the Revolving Maturity Date; provided that no Revolving Issuer shall Issue any Revolving Letter of Credit upon the occurrence of any of the following:

(i)any order, judgment or decree of any Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain such Revolving Issuer from Issuing such Letter of Credit or any Requirement of Law applicable to such Revolving Issuer (including, without limitation, any applicable “know your customer” and anti-money laundering rules and regulations) or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Revolving Issuer shall prohibit, or request that such Revolving Issuer refrain from, the Issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Revolving Issuer with respect to such Letter of Credit any restriction or reserve or capital requirement (for which such Revolving Issuer is not otherwise compensated) not in effect on the date of this Agreement or result in any unreimbursed loss, cost or expense that was not applicable, in effect or known to such Revolving Issuer as of the date of this Agreement and that such Revolving Issuer in good xxxxx xxxxx material to it;

(ii)such Revolving Issuer shall have received written notice from the Revolving Administrative Agent, any Revolving Lender or a Borrower, on or prior to the requested date of Issuance of such Letter of Credit, that one or more of the applicable conditions contained in Section 3.2 (with respect to an Issuance on the Effective Date) or 3.3 is not then satisfied or duly waived in accordance with Section 11.1, and such notice has not been revoked by the Person that delivered such notice;

(iii)after giving effect to the Issuance of such Revolving Letter of Credit, (w) the Revolving Letter of Credit Obligations would exceed (A) the Revolving Commitments in effect at such time minus (B) the aggregate amount of all Cash Secured Letters of Credit then outstanding, (x) the aggregate outstanding amount of all Letters of Credit issued by such Revolving Issuer would exceed its Revolving Letter of Credit Issuer Commitment, or (y) the aggregate amount of outstanding Revolving Letter of Credit Obligations, Cash Secured LC Obligations, and Prepetition Secured LC Obligations would exceed, $2,440,000,000.00 (the “LC Cap”);

(iv)any fees due to the applicable Revolving Issuer in connection with a requested Issuance have not been paid;

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(v)such Letter of Credit is requested to be issued in a form that is not acceptable to such Revolving Issuer, in its sole discretion exercised in a commercially reasonable manner;

(vi)with respect to any requested Letter of Credit denominated in an Alternative Currency, (A) the Revolving Issuer or the Revolving Administrative Agent shall not have approved such Issuance or (B) the Revolving Issuer receives notice from the Revolving Administrative Agent at or before 11:00 a.m. (New York time) on the date of the proposed Issuance of such Letter of Credit that, immediately after giving effect to the Issuance of such Letter of Credit, the sum of the Dollar Equivalent of the Revolving Letter of Credit Obligations at such time in respect of each Revolving Letter of Credit denominated in an Alternative Currency would exceed the Alternative Currency Cap on the date of such proposed Issuance;

(vii)such Letter of Credit does not comply with such Revolving Issuer’s internal policies with respect thereto;

(viii)such Letter of Credit is a trade or commercial letter of credit or bank guarantee;

(ix)such Letter of Credit (other than the Amazon Letter of Credit and the LACC Letter of Credit) supports Indebtedness, supports any hedging obligations, bilateral letter of credit obligations or surety bond obligations of the Debtors or obligations to make any payments to trade vendors for penalty interest payments (including liquidated damages, but excluding, for the avoidance of doubt, customary liquidated damages to customers);

(x)more than $125,000,000.00 face amount of letters of credit under the Prepetition Credit Agreements or the Lloyds Facility, collectively (other than letters of credit fully secured by cash collateral) shall have been drawn and have not been reimbursed (in full in cash) at such time;

(xi)such Letter of Credit contains a draw mechanism that expressly allows the beneficiary to draw such Letter of Credit upon the occurrence of an insolvency event;

(xii)such Revolving Letter of Credit is to be used for anything other than (A) a new project, (B) incremental letters of credit for an existing project, or (C) replacement of a letter of credit under any of the Prepetition Credit Agreements or the Lloyds Facility that is not an auto-renew letter of credit; or

(xiii)such Letter of Credit is a Financial Letter of Credit.

Section 2.5[Reserved]

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Section 2.6Cash Secured Letters of Credit

(a)On the terms and subject to the conditions contained in this Agreement, each Cash Secured LC Issuer may, in its sole discretion, Issue one or more Letters of Credit at the request of, and for the account of, the Borrowers to support obligations of the Borrowers, Parent and any of the Parent’s Restricted Subsidiaries or any Joint Venture, from time to time on any Business Day during the period commencing on the Effective Date and ending on the Revolving Maturity Date, and each such Letter of Credit shall be a “Cash Secured Letter of Credit” if it is identified as such in the applicable Letter of Credit Request; provided that no Cash Secured LC Issuer shall Issue any Letter of Credit upon the occurrence of any of the following:

(i)any order, judgment or decree of any Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain such Cash Secured LC Issuer from Issuing such Cash Secured Letter of Credit or any Requirement of Law applicable to such Cash Secured LC Issuer (including, without limitation, any applicable “know your customer” and anti-money laundering rules and regulations) or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Cash Secured LC Issuer shall prohibit, or request that such Cash Secured LC Issuer refrain from, the Issuance of letters of credit generally or such Cash Secured Letter of Credit in particular or shall impose upon such Cash Secured LC Issuer with respect to such Cash Secured Letter of Credit any restriction or reserve or capital requirement (for which such Cash Secured LC Issuer is not otherwise compensated) not in effect on the date of this Agreement or result in any unreimbursed loss, cost or expense that was not applicable, in effect or known to such Cash Secured LC Issuer as of the date of this Agreement and that such Cash Secured LC Issuer in good xxxxx xxxxx material to it;

(ii)such Cash Secured LC Issuer shall have received written notice from the Revolving Administrative Agent, any other Cash Secured LC Issuer or the Borrowers, on or prior to the requested date of Issuance of such Cash Secured Letter of Credit, that one or more of the applicable conditions contained in Section 3.2 (with respect to an Issuance on the Effective Date) or 3.3 is not then satisfied or duly waived in accordance with Section 11.1, and such notice has not been revoked by the Person that delivered such notice;

(iii)after giving effect to the Issuance of such Cash Secured Letter of Credit, (x) the Cash Secured XX Xxxx Coverage Requirement would not be satisfied; or (y) the aggregate amount of outstanding Revolving Letter of Credit Obligations, Cash Secured LC Obligations, and Prepetition Secured LC Obligations would exceed the LC Cap;

(iv)any fees due to the applicable Cash Secured LC Issuer in connection with a requested Issuance have not been paid;

(v)such Cash Secured Letter of Credit is requested to be issued in a form that is not acceptable to such Cash Secured LC Issuer, in its sole discretion exercised in a commercially reasonable manner;

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(vi)with respect to any requested Cash Secured Letter of Credit denominated in an Alternative Currency, (A) the Cash Secured LC Issuer or the Revolving Administrative Agent shall not have approved such Issuance or (B) the Cash Secured LC Issuer receives notice from the Revolving Administrative Agent at or before 11:00 a.m. (New York time) on the date of the proposed Issuance of such Cash Secured Letter of Credit that, immediately after giving effect to the Issuance of such Cash Secured Letter of Credit, the sum of the Dollar Equivalent of the Cash Secured LC Obligations at such time in respect of each Cash Secured Letter of Credit denominated in an Alternative Currency would exceed the Alternative Currency Cap on the date of such proposed Issuance;

(vii)such Cash Secured Letter of Credit does not comply with such Cash Secured LC Issuer’s internal policies with respect thereto;

(viii)such Cash Secured Letter of Credit is a Financial Letter of Credit and such Cash Secured LC Issuer has not agreed in its sole discretion to Issue Financial Letters of Credit;

(ix)such Letter of Credit supports any hedging obligations, bilateral letter of credit obligations or surety bond obligations of the Debtors or obligations to make any payments to trade vendors for penalty interest payments (including liquidated damages but excluding, for the avoidance of doubt, customary liquidated damages to customers);

(x)more than $125,000,000.00 face amount of letters of credit under the Prepetition Credit Agreements or the Lloyds Facility (other than letters of credit fully secured by cash collateral) shall have been drawn and have not been reimbursed (in full in cash) at such time;

(xi)such Letter of Credit contains a draw mechanism that expressly allows the beneficiary to draw such Letter of Credit upon the occurrence of an insolvency event;

(xii)such Cash Secured Letter of Credit is to be used for anything other than (A) a new project, (B) incremental letters of credit for an existing project, or (C) replacement of a letter of credit under any of the Prepetition Credit Agreements or the Lloyds Facility that is not an auto-renew letter of credit; or

(xiii)after giving effect to the Issuance of such Cash Secured Letter of Credit, the face amount of all Cash Secured Letters of Credit would exceed $100,000,000.00. provided, however, that the stated amount of any Cash Secured Letter of Credit with respect to which another Cash Secured Letter of Credit is to be (or has been) issued to replace such Cash Secured Letter of Credit shall be excluded in calculating the Cash Secured LC Obligations in connection with any determination of compliance with clause (iii)(y) above so long as and only so long as the Cash Secured XX Xxxx Coverage Requirement shall, at all times prior to the termination and cancellation of the Cash Secured Letter of Credit that is being (or has been) replaced (as notified to the Revolving Administrative Agent and the Borrowers by the Cash Secured LC Issuer thereof), be satisfied (including with respect to the Cash Secured Letter of Credit that is being (or has been) replaced and the related replacement Cash Secured Letter of Credit).

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(b)On the Effective Date (or promptly thereafter but prior to any issuance of Cash Secured Letters of Credit hereunder), one or more Borrowers shall establish (y) the Cash Secured XX Xxxx Collateral Account for the benefit of the Collateral Agent on behalf of the Cash Secured LC Issuers for the purpose of cash collateralizing the Borrowers’ obligations (including Cash Secured LC Obligations) to each Cash Secured LC Issuer in respect of the Cash Secured Letters of Credit and (z) the LC Facilities Cash Collateral Account for the benefit of the Collateral Agent on behalf of the Revolving Lenders for the purpose of cash collateralizing the Borrowers’ Obligations in respect of the Revolving Letters of Credit.

(i)The Borrowers agree that at all times, they shall cause all cash collateral securing either (A) the Cash Secured Letter of Credit Obligations (as defined in the Existing First-Lien Credit Agreement) or (B) obligations under the Lloyds Facility to be deposited into the LC Facilities Cash Collateral Account immediately upon its release under such facilities.

(ii)The Borrowers agree that at all times, they shall cause the Cash Secured XX Xxxx Collateral Account Balance to be at least equal to 105% of the Cash Secured LC Obligations with respect to all Cash Secured Letters of Credit (the “Cash Secured XX Xxxx Coverage Requirement”). Amounts on deposit in the LC Facilities Cash Collateral Account may be transferred from the LC Facilities Cash Collateral Account to the Cash Secured XX Xxxx Collateral Account from time to time in order to satisfy the Cash Secured XX Xxxx Coverage Requirement (subject to Section 2.12(i)), and if at any time the Cash Secured XX Xxxx Collateral Account Balance exceeds the Cash Secured XX Xxxx Coverage Requirement, the Borrowers shall immediately direct such excess to be transferred to the LC Facilities Cash Collateral Account. Except as provided in the foregoing sentence, funds shall at no time be released from the Cash Secured XX Xxxx Collateral Account except to reimburse for overdue reimbursement obligations. The Borrowers agree that if at any time the balance in either the Cash Secured XX Xxxx Collateral Account or the LC Facilities Cash Collateral Account is reduced, other than pursuant to a transfer in accordance with the preceding sentence, the Borrower shall immediately deposit cash in the applicable account in the amount of such reduction.

(iii)Pursuant to the Pledge and Security Agreement, the Cash Secured XX Xxxx Collateral Account Control Agreement, the LC Facilities Cash Collateral Account Control Agreement and the DIP Orders, a security interest in each of the Cash Secured XX Xxxx Collateral Account and the LC Facilities Cash Collateral Account has been granted and amounts on deposit therein shall be applied as set forth in the Collateral Agency Agreement and this Agreement. Except as expressly provided herein or in any other Loan Document, no Person shall have the right to make any withdrawal from the Cash Secured XX Xxxx Collateral Account or the LC Facilities Cash Collateral Account or to exercise any right or power with respect thereto, and amounts in the Cash Secured XX Xxxx Collateral Account and the LC Facilities Cash Collateral Account shall not be released until the Final Satisfaction Date; provided that at any time the Borrowers shall fail to reimburse any Cash Secured LC Issuer for any payment or disbursement made by a Cash Secured LC Issuer under any Cash Secured Letter of Credit in accordance with Section 2.7, the Borrowers hereby absolutely, unconditionally and irrevocably agree that the Collateral Agent shall be entitled to instruct the applicable depositary bank or securities intermediary to withdraw therefrom and pay to such Cash Secured LC Issuer amounts equal to such

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payment or disbursement (and to transfer funds from the LC Facilities Cash Collateral Account to the Cash Secured XX Xxxx Collateral Account for such purpose), subject to Section 2.12(i). Amounts in the Cash Secured XX Xxxx Collateral Account and the LC Facilities Cash Collateral Account shall be invested by the applicable depositary bank in accordance with the terms of the Cash Secured XX Xxxx Collateral Account Control Agreement and the LC Facilities Cash Collateral Account Control Agreement, respectively. The Borrowers shall bear the risk of loss of principal with respect to any investment of the investments and funds on deposit in the Cash Secured XX Xxxx Collateral Account and the LC Facilities Cash Collateral Account.

Section 2.7Letters of Credit Generally

(a)None of the Lenders (other than the Issuers in their capacity as such and on the terms and conditions hereof) shall have any obligation to Issue any Letter of Credit.

(b)In no event shall the expiration date of any Letter of Credit be later than the date that is 12 months from the date of Issuance or auto-renewal thereof or such later date as the applicable Issuer may agree in its sole discretion; provided, however, that if the applicable Issuer agrees in its sole discretion, any Letter of Credit with a fixed term may provide for the auto-renewal thereof for additional periods of not more than 12 months each (each, an “Auto-Renewal LC”); provided, further, that any such Auto-Renewal LC must permit the applicable Issuer to prevent any such extension at least once in each 12 month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof.

(c)In connection with the Issuance of each Letter of Credit, the Borrowers shall give the relevant Issuer and the Revolving Administrative Agent, at least three Business Days’ (unless the relevant Issuer otherwise agrees) prior written notice, in substantially the form of Exhibit E (or in such other written or electronic form as is acceptable to such Issuer) of the requested Issuance of such Letter of Credit (a “Letter of Credit Request”). Such notice shall be irrevocable on and after the Issuance of such Letter of Credit (and, prior to such Issuance, may be revoked only with the consent of the Issuer) and shall specify the Issuer of such Letter of Credit, the stated amount of the Letter of Credit requested, the date of Issuance of such requested Letter of Credit, the date on which such Letter of Credit is to expire (which date shall be a Business Day) and the Person for whose benefit the requested Letter of Credit is to be issued. Unless the Issuer and Revolving Administrative Agent otherwise agree, such notice, to be effective, must be received by the relevant Issuer and the Revolving Administrative Agent, not later than 11:00 a.m. (New York time) on the second Business Day prior to the requested Issuance of such Letter of Credit. In connection with the auto-renewal of each Auto-Renewal LC, the Issuer shall allow such Auto-Renewal LC to auto-renew unless the Borrowers and the beneficiary thereof have agreed in documentation satisfactory to such Issuing Bank not to renew or terminate such Auto-Renewal LC without a drawing thereof.

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(d)Subject to (x) the satisfaction of the conditions set forth in this Section 2.7 and (y) receipt from the Revolving Administrative Agent, if requested by the Issuer, of the total outstanding amount of Applicable Reimbursement Obligations at such time and any fees and expenses related to Letters of Credit that are due and payable at such time (including the amount of any outstanding requests for Issuance), the relevant Issuer shall, on the requested date, Issue a Letter of Credit on behalf of the Borrowers in accordance with such Issuer’s usual and customary business practices. No Issuer shall Issue any Letter of Credit in the period commencing on the first Business Day after it receives written notice from the Revolving Administrative Agent or any Revolving Lender that one or more of the conditions precedent contained in Section 3.3 shall not on such date be satisfied, and ending when such conditions are satisfied. The relevant Issuer shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Sections 2.4 (or Section 2.6, as applicable) and 3.3 have been satisfied in connection with the Issuance of any Letter of Credit.

(e)If requested by the relevant Issuer, prior to the first Issuance of a Letter of Credit by such Issuer, and as a condition of such Issuance and of the participation of each Revolving Lender in the Revolving Letter of Credit Obligations arising with respect thereto, the Borrowers and Parent shall have delivered to such Issuer a letter of credit reimbursement agreement, in such form as the Issuer may employ in its ordinary course of business for its own account (a “Letter of Credit Reimbursement Agreement”), signed by the Borrowers and the Parent, and such other documents or items as may be required pursuant to the terms thereof. In the event of any conflict between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of this Agreement shall govern.

(f)Each Revolving Issuer shall:

(i)give the Revolving Administrative Agent written notice (or telephonic notice confirmed promptly thereafter in writing, which writing may be a telecopy or, if consented to by the Revolving Administrative Agent, electronic mail), within 3 Business Days, of the Issuance or renewal of a Letter of Credit issued by it (which notice shall include a copy of such Letter of Credit), of all drawings under a Revolving Letter of Credit issued by it, the payment (or the failure to pay when due) by the Borrowers of any Revolving Reimbursement Obligation and of the cancellation, termination or expiration of any Letter of Credit (of which notice the Revolving Administrative Agent shall, in the case of a Revolving Letter of Credit, promptly notify each Lender under the Revolving Facility);

(ii)upon the request of any Revolving Lender, furnish to such Revolving Lender copies of any Letter of Credit Reimbursement Agreement to which such Revolving Issuer is a party and such other documentation as may reasonably be requested by such Revolving Lender; and

(iii)no later than five Business Days following the last Business Day of each calendar quarter, provide to the Revolving Administrative Agent (and the Revolving Administrative Agent shall provide a copy to each Revolving Lender requesting the same) and the Borrowers a schedule of Letters of Credit issued by it, in form and substance reasonably satisfactory to the Revolving Administrative Agent, setting forth the aggregate Revolving Letter of Credit Obligations and Cash Secured LC Obligations outstanding at the end of each calendar quarter and any information requested by the Borrowers or the Revolving Administrative Agent relating thereto.

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(g)Each Cash Secured LC Issuer shall:

(ii)no later than five Business Days following the last Business Day of each calendar quarter, provide to the Revolving Administrative Agent and the Borrowers a schedule of Cash Secured Letters of Credit issued by it, in form and substance reasonably satisfactory to the Revolving Administrative Agent, setting forth the aggregate Cash Secured LC Obligations outstanding at the end of each calendar quarter and any information requested by the Borrowers or the Revolving Administrative Agent relating thereto.

(h)Effective immediately upon the Issuance by a Revolving Issuer of a Revolving Letter of Credit or the auto-renewal of an Auto-Renewal Letter of Credit in accordance with the terms and conditions of this Agreement, each Revolving Issuer shall be deemed to have sold and transferred to each Revolving Lender and each Revolving Lender shall be deemed irrevocably and unconditionally to have purchased and received from such Revolving Issuer, without recourse or warranty, an undivided interest and participation, to the extent of such Revolving Lender’s Ratable Portion in such Letter of Credit and the obligations of the Borrowers with respect thereto (including all Revolving Letter of Credit Obligations with respect thereto) and any security therefor and guaranty pertaining thereto.

(i)(i) The Borrowers jointly and severally agree to pay to the Issuer of any Letter of Credit the amount of all Applicable Reimbursement Obligations owing to such Issuer in respect of any Letter of Credit in Dollars (based on the Dollar Equivalent of such payment if such payment was made in an Alternative Currency) no later than the date that is the next succeeding Business Day after the Borrowers receive notice from such Issuer (or, if such notice is not received prior to 11:00 a.m. (New York Time) on any Business Day, then no later than 10:00 a.m. (New York Time) on the next succeeding Business Day) that payment has been made under such Letter of Credit, irrespective of any claim, set-off, defense or other right that any Borrower may have at any time against such Issuer or any other Person.

(ii) If any Revolving Issuer makes any payment under any Revolving Letter of Credit and a Borrower shall not have repaid such amount to such Revolving Issuer pursuant to the foregoing clause (i)(i) or any such payment in respect thereof is rescinded or set aside for any reason, such Revolving Reimbursement Obligation shall be immediately due and payable with interest thereon computed at the rate of interest per annum equal to the rate of interest applicable during such period to Term Loans that are Base Rate Loans plus 2.00%, and such Revolving Issuer shall promptly notify the Revolving Administrative Agent, and the Revolving Administrative Agent shall promptly notify each

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Revolving Lender of such failure, and each Revolving Lender shall promptly and unconditionally pay to the Revolving Administrative Agent for the account of such Revolving Issuer the amount of such Revolving Lender’s Ratable Portion in Dollars (based on the Dollar Equivalent thereof if such payment was made in an Alternative Currency) and in immediately available funds. If the Revolving Administrative Agent so notifies such Revolving Lender prior to 11:00 a.m. (New York time) on any Business Day, such Revolving Lender shall make available to the Revolving Administrative Agent for the account of such Revolving Issuer its Ratable Portion of the amount of such payment on such Business Day in immediately available funds as set forth in the immediately preceding sentence. Whenever any Revolving Issuer receives from a Borrower a payment of a Revolving Reimbursement Obligation as to which the Revolving Administrative Agent has received for the account of such Revolving Issuer any payment from a Revolving Lender pursuant to this clause (i), such Revolving Issuer shall pay to the Revolving Administrative Agent and the Revolving Administrative Agent shall promptly pay to such Revolving Lender in immediately available funds, an amount equal to such Revolving Lender’s Ratable Portion of the amount of such payment adjusted, if necessary, to reflect the respective amounts the Revolving Lenders have paid in respect of such Revolving Reimbursement Obligation.

(iii) If any Cash Secured LC Issuer makes any payment under any Cash Secured Letter of Credit and a Borrower shall not have repaid such amount to such Cash Secured LC Issuer pursuant to clause (i)(i) above or any such payment in respect thereof is rescinded or set aside for any reason, such Cash Secured Reimbursement Obligation shall be immediately due and payable with interest thereon computed at the rate of interest per annum equal to the rate of interest applicable during such period to Term Loans that are Base Rate Loans plus 2.00%, and such Revolving Issuer shall promptly notify the Revolving Administrative Agent.

(j)Each Borrower’s obligation to pay each Applicable Reimbursement Obligation and the obligations of the applicable Lenders to make payments to the Revolving Administrative Agent for the account of the applicable Issuers with respect to Letters of Credit shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, under any and all circumstances whatsoever, including the occurrence of any Default or Event of Default, and irrespective of any of the following:

(i)any lack of validity or enforceability of any Letter of Credit or any Loan Document, or any term or provision therein;

(ii)any amendment or waiver of or any consent to departure from all or any of the provisions of any Letter of Credit or any Loan Document;

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(iii)the existence of any claim, set-off, defense or other right that the Parent, any Borrower, any other party guaranteeing, or otherwise obligated with, the Parent, any Borrower, any Subsidiary or other Affiliate thereof or any other Person may at any time have against the beneficiary under any Letter of Credit, any Issuer, any Administrative Agent, any Lender or any other Person, whether in connection with this Agreement, any other Loan Document or any other related or unrelated agreement or transaction;

(iv)any draft or other document presented under a Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect;

(v)payment by the Issuer under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit; or

(vi)any other act or omission to act or delay of any kind of the Issuer, the Lenders, the Administrative Agents or any other Person or any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.7, constitute a legal or equitable discharge of a Borrower’s obligations hereunder.

Any action taken or omitted to be taken by the relevant Issuer under or in connection with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall not put such Issuer under any resulting liability to a Borrower or any Lender. In determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof, the Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary and, in making any payment under any Letter of Credit, the Issuer may rely exclusively on the documents presented to it under such Letter of Credit as to any and all matters set forth therein, including reliance on the amount of any draft presented under such Letter of Credit, whether or not the amount due to the beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect, if such document on its face appears to be in order, and whether or not any other statement or any other document presented pursuant to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any respect whatsoever. Any noncompliance in any immaterial respect of the documents presented under such Letter of Credit with the terms thereof shall, in any case, be deemed not to constitute willful misconduct or gross negligence of the Issuer. Notwithstanding the foregoing, nothing in this clause (j) shall be deemed to release any Issuer from liability with respect to its gross negligence or willful misconduct.

(k)If and to the extent any Lender shall not have so made its Ratable Portion of the amount of the payment required by clause (i) above available to the Revolving Administrative Agent for the account of an Issuer, such Lender agrees to pay to the Revolving Administrative Agent for the account of such Issuer forthwith on demand any amount so unpaid together with interest thereon, for the first Business Day after payment was first due at the Federal Funds Rate, and thereafter until such amount is repaid to the Revolving Administrative Agent for

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the account of such Issuer, at the rate per annum applicable to Base Rate Loans. The failure of any Lender to make available to the Revolving Administrative Agent for the account of an Issuer its Ratable Portion of any such payment shall not relieve any other Lender of its obligation hereunder to make available to the Revolving Administrative Agent for the account of such Issuer its Ratable Portion of any payment on the date such payment is to be made, but no Lender shall be responsible for the failure of any other Lender to make available to the Revolving Administrative Agent for the account of the Issuer such other Lender’s Ratable Portion of any such payment.

(l)The Revolving Administrative Agent shall determine the Dollar Equivalent of the maximum stated amount of each Letter of Credit denominated in an Alternative Currency and each obligation due with respect thereto, and a determination thereof by the Revolving Administrative Agent shall be conclusive absent manifest error. The Dollar Equivalent of each Applicable Reimbursement Obligation with respect to a drawn Letter of Credit shall be calculated on the date the Issuer pays the draw giving rise to such Applicable Reimbursement Obligation. The Revolving Administrative Agent shall determine or redetermine the Dollar Equivalent of the maximum stated amount of each Letter of Credit denominated in an Alternative Currency on the date of Issuance of such Letter of Credit and at any other time, in the Revolving Administrative Agent’s sole discretion. The Revolving Administrative Agent may determine or redetermine the Dollar Equivalent of any Letter of Credit denominated in an Alternative Currency at any time upon request of any Lender or Issuer.

(m)The Borrowers shall furnish each Administrative Agent with (i) a copy of each Letter of Credit promptly upon the Issuance or renewal of such Letter of Credit and (ii) a copy of any amendment to such Letter of Credit promptly upon the effectiveness of such amendment.

(n)Notwithstanding anything in this Agreement to the contrary, no Revolving Issuer shall be under any obligation to Issue any Letter of Credit if any Revolving Lender is at that time a Defaulting Lender, unless such Revolving Issuer has entered into arrangements, including the delivery of cash collateral, satisfactory to such Revolving Issuer (in its sole discretion) with the Borrowers to eliminate such Revolving Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.23(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be Issued or that Letter of Credit and all other Revolving Letter of Credit Obligations as to which such Revolving Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion.

Unless otherwise expressly agreed by the applicable Issuer and the applicable Borrower when a Letter of Credit is Issued, (i) the rules of the ISP shall apply to each standby Letter of Credit and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of Issuance shall apply to each commercial Letter of Credit.

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Section 2.8Reduction and Termination of the Commitments

The applicable Borrower may, upon at least three Business Days’ prior notice to the Revolving Administrative Agent, terminate in whole the Revolving Commitments if the Final Satisfaction Date occurs simultaneously therewith. A notice of termination of the Revolving Commitments may state that such notice is conditioned upon the effectiveness of other credit facilities or other financing transactions, and if any notice so states it may be revoked by the applicable Borrower by notice to the Applicable Administrative Agent on or prior to the date specified for the termination of the Revolving Commitments that the refinancing condition has not been met and the termination is to be revoked.

Section 2.9Repayment at Maturity

(a)The Borrowers promise to repay (in cash, in full and in immediately available funds) the entire unpaid principal amount of the Term Loans on the Term Maturity Date (it being understood that other provisions of this Agreement may require all or part of such Obligations to be repaid earlier).

(b)The Borrowers promise to repay (in cash, in full and in immediately available funds) the entire unpaid principal amount of the Revolving Reimbursement Obligations on the Revolving Termination Date (it being understood that other provisions of this Agreement may require all or part of such Obligations to be repaid earlier).

(c)The Borrowers promise to repay (in cash, in full and in immediately available funds) the entire unpaid principal amount of the Cash Secured Reimbursement Obligations on the Revolving Termination Date (it being understood that other provisions of this Agreement may require all or part of such Obligations to be repaid earlier).

Section 2.10Evidence of Debt

(a)Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing Indebtedness of the Borrowers to such Lender resulting from each Loan of, and Applicable Reimbursement Obligations owed to, such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.

(b)The Term Loan Administrative Agent shall maintain accounts in accordance with its usual practice in which it shall record (A) the amount of each Term Loan made or deemed made, and, if a Eurodollar Rate Loan, the Interest Period applicable thereto, (B) the amount of any principal or interest due and payable by the Borrowers to each Term Lender hereunder and (C) the amount of any sum received by the Term Loan Administrative Agent hereunder from the Borrowers, whether such sum constitutes principal or interest (and the type of Term Loan to which it applies), fees, expenses or other amounts due under the Loan Documents and each Term Lender’s share thereof, if applicable.

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(c)The entries made in the accounts maintained pursuant to clauses (a) and (b) above shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations recorded therein; provided, however, that the failure of any Lender or any Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrowers to repay the Loans and Applicable Reimbursement Obligations in accordance with their terms.

(d)Notwithstanding any other provision of this Agreement, if any Term Lender requests that a Borrower execute and deliver a promissory note or notes payable to such Lender in order to evidence the Indebtedness owing to such Lender by the Borrowers hereunder, such Borrower shall promptly execute and deliver a Note or Notes to such Lender evidencing any Term Loans of such Lender substantially in the form of Exhibit B.

Section 2.11Voluntary Prepayments

The Borrowers may, at any time, prepay the outstanding principal amount of the Term Loans in whole or in part and without premium or penalty, so long as the Borrowers provide cash collateral by depositing cash into the LC Facilities Cash Collateral Account such that the aggregate amount of such prepayment of Term Loans plus the amount of cash so deposited into the LC Facilities Cash Collateral Account is applied to such prepayment and cash collateralization on a pro rata basis based upon the outstanding principal amount of the Term Loans outstanding at such time and the Revolving Commitments in effect at such time; provided, however, that if any prepayment of any Borrowing of Eurodollar Rate Loans is made by the Borrowers other than on the last day of an Interest Period for such Borrowing, the Borrowers shall also pay any amounts owing pursuant to Section 2.17(e); provided, further, that each partial prepayment shall be in an aggregate principal amount that is an integral multiple of $1,000,000.00. Upon the giving of such notice of prepayment, the principal amount of Term Loans specified to be prepaid shall become due and payable on the date specified for such prepayment; provided that a notice of prepayment of the outstanding principal amount of the Term Loans in whole or in part may state that such notice is conditioned upon the effectiveness of other credit facilities or other financing transactions, and if any notice so states it may be revoked by the Borrowers by notice to the Term Loan Administrative Agent on or prior to the date specified for such prepayment that the refinancing condition has not been met and the notice of such prepayment is to be revoked (it being understood that any Term Loans outstanding at the time of such notice or drawn thereafter will, upon such revocation, be continued as Base Rate Loans and, thereafter, may be converted to Eurodollar Rate Loans pursuant to Section 2.14). Voluntary prepayments of Term Loans hereunder shall be applied ratably to the tranche of Term Loans consisting of the Refinanced Term Loans and the Refinanced Make-Whole Term Loans and to the tranche of Term Loans consisting of the New Money Term Loans. Amounts required to be deposited in the LC Facilities Cash Collateral Account under this Section 2.11 are in addition to any other requirement hereunder to deposit cash into the LC Facilities Cash Collateral account, and no such other obligation shall be satisfied by deposits made pursuant to this Section 2.11.

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Section 2.12Mandatory Prepayments

(a)Not later than the first Business Day following the date of receipt by the Parent or any Restricted Subsidiary of any Net Cash Proceeds in respect of any Specified Asset Sale, the Parent shall notify each Administrative Agent of such receipt. On the third Business Day following the receipt by the Parent or any Restricted Subsidiary of any Net Cash Proceeds in respect of any Specified Asset Sale, the Borrowers shall first prepay, without premium or penalty, the Term Loans then outstanding and provide cash collateral by depositing cash into the LC Facilities Cash Collateral Account to secure the Revolving Letter of Credit Obligations on a pro rata basis (based upon the outstanding principal amount of the Term Loans and the Revolving Commitments in effect at such time) in an aggregate amount equal to such Net Cash Proceeds; second, if the Final Facility Effective Date has not yet occurred, reduce the Final New Money Term Commitment and provide cash collateral by depositing cash into the LC Facilities Cash Collateral Account to secure the Revolving Letter of Credit Obligations on a pro rata basis (based upon the principal amount of the Final New Money Term Commitment and the Revolving Commitments as set forth on Part B of Schedule I) in an aggregate amount equal to the balance of such Net Cash Proceeds; and third, retain the balance of such Net Cash Proceeds; provided that, so long as no Default or Event of Default shall have occurred and be continuing, the Parent may, on or prior to the date of the required prepayment, subject to the following sentence, deliver to each Administrative Agent a certificate of a Responsible Officer of the Parent certifying that the Parent intends to cause such Net Cash Proceeds (or a portion thereof specified in such certificate) to be reinvested in long-term assets that are used or useful in the business of the Parent and its Restricted Subsidiaries on or prior to the date that is 180 days after the receipt of such Net Cash Proceeds, and certifying that, as of the date thereof, no Default or Event of Default has occurred and is continuing, in which case during such period the Borrowers shall not be required to make such prepayment to the extent of the amount intended to be so reinvested as set forth in such certificate; provided further any such Net Cash Proceeds that are not so reinvested by the end of such period shall be applied to prepay the Term Loans and provide cash collateral for the Revolving Letter of Credit Obligations by funding the LC Facilities Cash Collateral Account as provided above promptly upon the expiration of such period. With respect to any Specified Asset Sale other than pursuant to clause (j) of Section 8.4, the Borrowers may reinvest not more than $10,000,000 of Net Cash Proceeds in the aggregate.

(b)Not later than the first Business Day following the date of receipt by the Parent or any Restricted Subsidiary, or by any Agent as loss payee, of any Net Cash Proceeds in respect of any Insurance/Condemnation Event, the Parent shall notify each Administrative Agent of such receipt. On the third Business Day following the receipt by the Parent or any Restricted Subsidiary, or by any Agent as loss payee, of any Net Cash Proceeds in respect of any Insurance/Condemnation Event, the Borrowers shall first prepay, without premium or penalty, the Term Loans then outstanding and provide cash collateral by depositing cash into the LC Facilities Cash Collateral Account to secure the Revolving Letter of Credit Obligations on a pro rata basis (based upon the outstanding principal amount of the Term Loans and the Revolving Commitments in effect at such time) in an aggregate amount equal to such Net Cash Proceeds; second, if the Final Facility Effective Date has not yet occurred, reduce the Final New Money Term Commitment and provide cash collateral by depositing cash into the LC Facilities Cash Collateral Account to secure the Revolving Letter of Credit Obligations on a pro rata basis (based upon the principal amount of the Final New Money Term Commitment and the Revolving Commitments as set forth

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on Part B of Schedule I) in an aggregate amount equal to the balance of such Net Cash Proceeds; and third, retain the balance of such Net Cash Proceeds; provided that, so long as no Default or Event of Default shall have occurred and be continuing, the Parent may, on or prior to the date of the required prepayment, deliver to each Administrative Agent a certificate of a Responsible Officer of the Parent certifying that the Parent intends to cause such Net Cash Proceeds (or a portion thereof specified in such certificate) to be reinvested in long-term assets that are used or useful in the business of the Parent and its Restricted Subsidiaries (including through the repair, restoration or replacement of the damaged, destroyed or condemned assets) on or prior to the date that is 180 days after the receipt of such Net Cash Proceeds, and certifying that, as of the date thereof, no Default or Event of Default has occurred and is continuing, in which case during such period the Borrowers shall not be required to make such prepayment to the extent of the amount intended to be so reinvested as set forth in such certificate; provided further any such Net Cash Proceeds that are not so reinvested by the end of such period shall be applied to prepay the Term Loans and by providing cash collateral for the Revolving Letter of Credit Obligations by funding the LC Facilities Cash Collateral Account as provided above promptly upon the expiration of such period.

(c)Not later than the same Business Day of receipt by the Parent or any Subsidiary of any Net Cash Proceeds in respect of the Technology Business Sale or any other Asset Sale of all or any portion of the Technology Business (whether or not permitted under this Agreement, provided that this Section 2.12(c) shall not be construed to permit any Asset Sale that is not otherwise permitted under this Agreement or waive any Event of Default that would result therefrom), the Parent shall notify each Administrative Agent of such receipt and shall immediately deposit such Net Cash Proceeds into a special-purpose blocked account (the “Tech Sale Proceeds Account”) in the name of and under the sole dominion and control of the Collateral Agent, acting for this purpose at the direction of all of the Lenders. The agreement governing the Tech Sale Proceeds Account shall provide that amounts therein may only be released on the earlier of (i) Plan Effective Date, for application in accordance with the Plan of Reorganization or (ii) the occurrence of the Term Maturity Date or Revolving Termination Date (including any acceleration of the Obligations pursuant to Section 9.2) for application solely in accordance with Section 2.16(f).

(d)[Reserved].

(e)If, at any time, the aggregate principal amount of Revolving Letter of Credit Obligations exceeds the aggregate Revolving Commitments at such time, the Borrowers shall immediately provide cash collateral in respect of the Revolving Letter of Credit Obligations in the manner set forth in Section 9.3 in an amount equal to 105% of such excess.

(f)[Reserved].

(g)Prior to or concurrently with any mandatory prepayment, cash collateralization or reduction pursuant to this Section 2.12, the Borrowers (i) shall notify each Administrative Agent of such prepayment, cash collateralization or reduction and (ii) shall deliver to each Administrative Agent a certificate of a Responsible Officer of the Parent setting forth the calculation of the amount of the applicable prepayment, cash collateralization or reduction. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan or Applicable Reimbursement Obligation or portion thereof to be prepaid or cash

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collateralized (with such specification to be in accordance with this Section 2.12), or the effective date and the amount of any such reduction, as applicable, and shall be given in writing. Promptly following receipt of any such notice, the Term Loan Administrative Agent shall advise the Lenders of the details thereof. Each mandatory prepayment of any Loans and each Commitment reduction shall be allocated among the Lenders under such Facility in accordance with their applicable Ratable Portions. Mandatory prepayments of Term Loans hereunder shall be applied ratably to the tranche of Term Loans consisting of the Refinanced Term Loans and the Refinanced Make-Whole Term Loans and to the tranche of Term Loans consisting of the New Money Term Loans.

(h)Each holder of Term Loans may decline all or any portion of any prepayment allocable to it pursuant to clauses (a) or (b) of this Section 2.12.

(i)No amount of any cash collateral deposited into the LC Facilities Cash Collateral Account pursuant to Section 2.11 or Section 2.12 shall be transferred to the Cash Secured XX Xxxx Collateral Account at any time.

(j)Amounts required to be deposited in the LC Facilities Cash Collateral Account under this Section 2.12 are in addition to any other requirement hereunder to deposit cash into the LC Facilities Cash Collateral account, and no such other obligation shall be satisfied by deposits made pursuant to this Section 2.12.

Section 2.13Interest

(a)Term Loan Rate of Interest. All Term Loans shall bear interest on the unpaid principal amount thereof from the date such Term Loans are made until paid in full, except as provided in clause (d) below, as follows:

(i)if a Base Rate Loan, at a rate per annum equal to the sum of (A) the Base Rate as in effect from time to time plus (B) 8.00%; and

(ii)if a Eurodollar Rate Loan, at a rate per annum equal to the sum of (A) the Eurodollar Rate determined for the applicable Interest Period plus (B) 9.00%.

(b)Other Facility Rate of Interest. The outstanding amount of all Obligations (other than the Applicable Reimbursement Obligations, which shall bear interest as set forth in Section 2.7(i)(ii) or Section 2.7(i)(iii), and Term Loans, which shall bear interest as set forth in Section 2.13(a)) shall bear interest, from the date such other Obligations are due and payable until, in all cases, paid in full, except as otherwise provided in clause (d) below, at a rate per annum equal to the sum of (A) the Base Rate as in effect from time to time plus (B) 8.00%.

(c)Interest Payments. (i) Interest accrued on each Base Rate Loan shall be payable in arrears (A) on the last Business Day of each calendar quarter and (B) if not previously paid in full, at maturity (whether by acceleration or otherwise) of such Base Rate Loan, (ii) interest accrued on each Eurodollar Rate Loan shall be payable in arrears (A) on the last day of each Interest Period applicable to such Loan and, if such Interest Period has a duration of more than three months, on each day during such Interest Period occurring every three months from the first day of such Interest Period, (B) upon the payment or prepayment thereof in full or in part and (C) if not previously paid in full, at maturity (whether by acceleration or otherwise) of such Eurodollar Rate Loan and (iii) interest accrued on the amount of all other Obligations shall be payable on demand from and after the time such Obligation becomes due and payable (whether by acceleration or otherwise).

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(d)Default Interest. Notwithstanding the rates of interest specified in clauses (a) and (b) above or elsewhere herein, effective immediately upon the occurrence of an Event of Default and for as long thereafter as such Event of Default shall be continuing, the interest rate otherwise in effect shall increase 2.00% per annum; provided that, the applicable rates of interest with respect to overdue amounts other than principal shall be the rate specified in clause (b)(i) above plus 2.00% per annum.

(e)Additional Reserve Requirements. The Borrowers shall pay to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurodollar Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Loan provided the Borrowers shall have received at least 10 days’ prior notice (with a copy to each Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant interest payment date, such additional interest or costs shall be due and payable 10 days from receipt of such notice.

Section 2.14Conversion/Continuation Option

(a)The Borrowers may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount that is an integral multiple of $1,000,000.00. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, (A) the amount, Facility and Type of Loans being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

(b)The Applicable Administrative Agent shall promptly notify each Applicable Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurodollar Rate Loans, and no continuation in whole or in part of Eurodollar Rate Loans upon the expiration of any applicable Interest Period, shall be permitted at any time during which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation

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of, or conversion into, a Eurodollar Rate Loan would violate any provision of Section 2.17. If, within the time period required under the terms of this Section 2.14, the Applicable Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing a permitted election to continue any Eurodollar Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans shall be automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable.

Section 2.15Fees

(a)Commitment Fees. The Borrowers jointly and severally agree to pay to the Revolving Administrative Agent for the account of each Lender (except for any Defaulting Lender) a commitment fee (the “Revolving Commitment Fee”), accruing at a rate per annum equal to 0.50% on the actual daily amount by which the Revolving Commitment of such Lender exceeds such Lender’s Revolving Exposure during the period from the Effective Date until the Revolving Termination Date payable in arrears (i) no later than the fifth Business Day after the date on which the Borrowers receive an invoice for the amount of the Revolving Commitment Fees due and payable for the period, and (ii) on the Revolving Termination Date.

(b)[Reserved].

(c)Letter of Credit Fees. The Borrowers jointly and severally agree to pay the following amounts with respect to Letters of Credit issued by any Issuer:

(i)to the Revolving Administrative Agent for the account of each Issuer of a Letter of Credit, with respect to each Letter of Credit issued by such Issuer, an issuance fee of 0.50% per annum (“Fronting Fees”) of the daily maximum amount available to be drawn under such Letter of Credit (in the case of Letters of Credit denominated in a currency other than Dollars, based on the Dollar Equivalent of such amount on the last Business Day of such calendar quarter), payable in arrears (A) no later than the fifth Business Day after the date on which the Borrowers receive an invoice for the amount of the Fronting Fees due and payable for the period and (B) on the Revolving Termination Date;

(ii)to the Revolving Administrative Agent for the account and ratable benefit of the Revolving Lenders (except for any Defaulting Lender that has not provided cash collateral satisfactory to the applicable Issuers pursuant to Section 2.7(n)), with respect to each Revolving Letter of Credit (but excluding that portion of any such Revolving Letter of Credit that has been cash collateralized by the Borrowers pursuant to Section 2.7(n) as a result of any Defaulting Lender), a fee (the “Letter of Credit Participation Fee”) accruing at a rate per annum equal to 9.00% on the daily maximum amount available to be drawn under such Revolving Letter of Credit (in any case, in the case of any Revolving Letter of Credit denominated in a currency other than Dollars, based on the Dollar Equivalent of such amount on the last Business Day of such calendar quarter) payable in arrears (x) no later than the fifth Business Day after the date on which the Borrowers receive an invoice for the amount of the Letter of Credit Participation Fees due and payable for the period and (y) on the Revolving Termination Date, as applicable; provided, however, that during the continuance of an Event of Default, such fee shall be increased by 2.00% per annum and shall be payable on demand upon the election of the Requisite Revolving Lenders (except, in each case, if an Event of Default has occurred under Section 9.1(a) or (f), in which case such increase shall be immediate); and

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(iii)to the Issuer of any Letter of Credit, with respect to the Issuance, amendment or transfer of each Letter of Credit and each drawing made thereunder, documentary and processing charges in accordance with such Issuer’s standard schedule for such charges in effect at the time of Issuance, amendment, transfer or drawing, as the case may be.

(d)[Reserved].

(e)Additional Fees. The Parent and the Borrowers have agreed to pay to the Agents, the Arrangers, the Lenders and the Bookrunners additional fees, the amount and dates of payment of which are embodied in certain fee letters executed and delivered by the Parent or any Borrowers in connection with this Agreement and as may otherwise have been separately agreed upon by the Parent or any Borrower in writing in connection herewith or therewith.

(f)Payment of Fees to Lenders. The Revolving Administrative Agent hereby agrees to pay to each Revolving Lender such Revolving Lender’s Ratable Portion of the Revolving Commitment Fees and the Letter of Credit Participation Fee, as applicable, received by the Revolving Administrative Agent in its capacity as such, promptly following receipt of each of the same from (and only to the extent each such fee is received from) the Borrowers or any other Loan Party; provided that (i) the Ratable Portion of any Revolving Commitment Fee shall be calculated without giving effect to the Commitment of any Defaulting Lender and (ii) any Letter of Credit Participation Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which neither such Defaulting Lender nor the Borrower has provided cash collateral satisfactory to the Issuer pursuant to Section 2.7(n) shall be payable, to the maximum extent permitted by applicable law, to the other Revolving Lenders in accordance with the upward adjustments in their respective Ratable Portions allocable to such Letter of Credit pursuant to Section 2.23(a)(iv), with the balance of such fee, if any, payable to the Issuer for its own account.

Section 2.16Payments and Computations

(a)The Borrowers shall make each payment hereunder (including fees and expenses) not later than 3:00 p.m. (New York time) on the day when due, in Dollars, to the Applicable Administrative Agent at its address referred to in Section 11.8 in immediately available funds without set-off or counterclaim. The Applicable Administrative Agent shall promptly thereafter cause to be distributed immediately available funds relating to the payment of principal, interest or fees to the applicable Lenders, in accordance with the application of payments set forth in clauses (e) or (f) below, as applicable, for the account of their respective Applicable Lending Offices; provided, however, that amounts payable pursuant to Section 2.18, Section 2.19 or Section 2.17(c) or (d) shall be paid only to any affected Lender. Payments received by any Administrative Agent after 3:00 p.m. (New York time) shall be deemed (in such Administrative Agent’s sole discretion) to be received on the next Business Day.

(b)All computations of interest and of fees shall be made by the Applicable Administrative Agent on the basis of the actual number of days elapsed (in each case calculated to include the first day but exclude the last day) (i) over a year of 365 or 366 days, as the case may be, in the case of interest accruing at the Base Rate when the Base Rate is determined by reference to the Prime Rate, and (ii) over a year of 360 days at all other times. Each determination by the Applicable Administrative Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.

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(c)Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, the due date for such payment shall be extended to the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension would cause payment to be made in the next calendar month, such payment shall be made on the immediately preceding Business Day. All repayments of any Loans under any Facility shall be applied as follows: first, to repay Loans under such Facility outstanding as Base Rate Loans and then, to repay Loans under such Facility outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans having earlier expiring Interest Periods being repaid prior to those having later expiring Interest Periods.

(d)Unless an Administrative Agent shall have received notice from the Borrowers prior to the date on which any payment is due hereunder that the Borrowers will not make such payment in full, such Administrative Agent may assume that the Borrowers have made such payment in full to such Administrative Agent on such date and such Administrative Agent may, in reliance upon such assumption, cause to be distributed to each applicable Lender on such due date an amount equal to the amount then due such Lender. If and to the extent that the Borrowers shall not have made such payment in full to such Administrative Agent, each applicable Lender shall repay to such Administrative Agent forthwith on demand such amount distributed to such Lender together with interest thereon at the Federal Funds Rate, for the first three Business Days, and, thereafter, at the rate applicable to Base Rate Loans, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to such Administrative Agent.

(e)Subject to the provisions of clause (f) below and the provisions of Section 2.12 with respect to the application of mandatory prepayments, all payments and any other amounts received by the Administrative Agents from or for the benefit of any Borrower shall be applied as follows: first, to pay principal of, and interest on, any portion of the Loans an Administrative Agent may have advanced pursuant to the express provisions of this Agreement on behalf of any Lender, for which such Administrative Agent has not been reimbursed by such Lender or the Borrowers, second, to pay all other Obligations as provided in the Loan Documents, and third, as the Borrowers so designate. Payments in respect of Loans or Revolving Reimbursement Obligations received by an Administrative Agent shall, subject to Section 2.23, be distributed to each applicable Lender in accordance with such Lender’s Ratable Portion (calculated (i) in the case of principal payments, without giving effect to the Commitments of any Defaulting Lender that has not fully funded its share of the Loans or Revolving Reimbursement Obligations being repaid and (ii) in the case of interest and fee payments, without giving effect to the Commitments of any Defaulting Lender for the amount of interest, Revolving Commitment Fees or Letter of Credit Participation Fees payable in respect of Loans or Revolving Letter of Credit Obligations for which such Defaulting Lender has not fully funded its share of the Loans or Revolving Letter of Credit Obligations) and as adjusted in accordance with Section 2.15(f) and Section 2.23(a)(iv).

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(f)Each Borrower hereby irrevocably waives the right to direct the application of any and all payments in respect of the Obligations and any net proceeds of Collateral after the occurrence and during the continuance of an Event of Default, whether from a Loan Party’s sale of Collateral or the Collateral Agent’s or any Secured Party’s receipt of proceeds from any exercise of remedies, and each Borrower and each Lender and each Issuer agrees that, during such time, upon either (A) the written direction of the Requisite Revolving Lenders or the Requisite Term Lenders or (B) the acceleration of any Obligations pursuant to Section 9.2, each Administrative Agent shall (x) apply all payments in respect of any Obligations and all other proceeds of Collateral (other than, except as set forth in clauses (y) and (z) below, with respect to the Cash Secured XX Xxxx Collateral Account and LC Facilities Cash Collateral Account), in the following order (subject to Section 13.1 and any adjustments under Section 2.23(a)(ii)):

first, to pay interest on and then principal of (i) the Term Loans that any Administrative Agent may have advanced on behalf of any Lender for which such Administrative Agent has not then been reimbursed by such Lender or the Borrowers and (ii) the Revolving Reimbursement Obligations owed to any Issuer for which such Issuer has not then been reimbursed by any Lender or the Borrowers;

second, to pay Obligations in respect of any expense reimbursements or indemnities (including fees and expenses in respect of Treasury Management Arrangements) then due to any Administrative Agent and the Collateral Agent;

third, to pay Obligations in respect of any expense reimbursements or indemnities (including fees and expenses in respect of Treasury Management Arrangements) then due to the Lenders and the Issuers;

fourth, to pay Obligations in respect of any fees (other than Letter of Credit Participation Fees) then due to any Administrative Agent, the Collateral Agent, the Lenders and the Issuers;

fifth, to pay (i) interest then due and payable in respect of the Term Loans (ratably to the aggregate principal amount of such Term Loans) and (ii) Letter of Credit Participation Fees and interest due and payable in respect of Applicable Reimbursement Obligations;

sixth, to pay or prepay the Term Loans, Applicable Reimbursement Obligations and other Obligations (including Hedging Obligations) and to provide cash collateral for outstanding Revolving Letter of Credit Undrawn Amounts in the manner described in Section 9.3, ratably based upon the aggregate outstanding amount of such Term Loans, Revolving Reimbursement Obligations, other Obligations (including Hedging Obligations) and Revolving Letter of Credit Undrawn Amounts; and

seventh, to such other Persons entitled thereto under applicable contractual arrangements or as otherwise required by applicable law or court order.

provided, however, that if sufficient funds are not available to fund all payments to be made in respect of any Obligation described in any of clauses first through sixth above, the available funds being applied with respect to any such Obligation (unless otherwise specified in such clause) shall be allocated to the payment of such Obligations ratably, based on the proportion of the interest of the Agent, Lender, Issuer or other Person holding such Obligations in the aggregate outstanding Obligations described in such clauses;

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(y) with respect to the Cash Secured XX Xxxx Collateral Account (and all amounts and Securities deposited therein or credited thereto), any amounts so received shall be applied (subject to the Collateral Agency Agreement and the DIP Orders):

first, on a pro rata basis, to the payment of all amounts due to each Cash Secured LC Issuer under any of the Loan Documents, excluding the Cash Secured Reimbursement Obligations;

second, on a pro rata basis, to the payment of all amounts due to each Cash Secured LC Issuer in an amount equal to 100% of all Cash Secured Reimbursement Obligations;

third, on a pro rata basis, to any Secured Party which has theretofore advanced or paid any fees to a Cash Secured LC Issuer, other than any amounts covered by priority second, an amount equal to the amount thereof so advanced or paid by such Secured Party and for which such Secured Party has not previously been reimbursed; and

fourth, to provide cash collateral equal to 105% of the outstanding Cash Secured LC Undrawn Amounts; and

fifth, the balance, if any, after all of the relevant Cash Secured LC Obligations have been indefeasibly paid in full in cash and priorities first through fourth of this clause (y) have otherwise been complied with, to the Revolving Administrative Agent for application to the payment of the Obligations in respect of the Revolving Facility pursuant to clause (z) below; and

(z) with respect to the LC Facilities Cash Collateral Account (and all amounts and Securities deposited therein or credited thereto) and, to the extent required pursuant to clause (y) above, the Cash Secured XX Xxxx Collateral Account (and all amounts and Securities deposited therein or credited thereto), any amounts so received shall be applied (subject to the Collateral Agency Agreement and the DIP Orders):

first, to pay interest on and then principal of the Revolving Reimbursement Obligations owed to any Revolving Issuer for which such Revolving Issuer has not then been reimbursed by any Lender or the Borrowers;

second, to pay Obligations in respect of any expense reimbursements or indemnities then due to the Revolving Administrative Agent;

third, to pay Obligations in respect of any expense reimbursements or indemnities then due to the Revolving Lenders and the Revolving Issuers;

fourth, to pay Obligations in respect of any fees (other than Letter of Credit Participation Fees) then due to the Revolving Lenders and the Revolving Issuers;

fifth, to pay Letter of Credit Participation Fees and interest due and payable in respect of Revolving Reimbursement Obligations;

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sixth, to pay or prepay the Revolving Reimbursement Obligations and to provide cash collateral for outstanding Revolving Letter of Credit Undrawn Amounts in the manner described in Section 9.3, ratably based upon the aggregate outstanding amount of such Revolving Reimbursement Obligations and Revolving Letter of Credit Undrawn Amounts; and

seventh, the balance, if any, to the Administrative Agents for application to the payment of the Obligations pursuant to clause (x) above.

If any Secured Party collects or receives any amounts or obtains any payment (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) on account of the Obligations to which it is not entitled under or in excess of the amount it would be entitled under this Section 2.16(f) if such payment had been received by an Administrative Agent or the Collateral Agent, such Secured Party shall hold the same in trust for the applicable Secured Parties entitled thereto and shall forthwith deliver the same to an Administrative Agent, for the account of such Secured Parties, to be applied in accordance with this Section 2.16(f), in each case until the prior payment in full in cash of the applicable Obligations of such Secured Parties.

Section 2.17Special Provisions Governing Eurodollar Rate Loans

(a)Determination of Interest Rate. The Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall be determined by the Applicable Administrative Agent pursuant to the procedures set forth in the definition of “Eurodollar Rate.” An Administrative Agent’s determination shall be presumed to be correct absent manifest error and shall be binding on the Borrowers.

(b)Interest Rate Unascertainable, Inadequate or Unfair.

(i)If (A) an Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the Eurodollar Rate then being determined is to be fixed (including, without limitation, because the LIBO Screen Rate is not available or published on a current basis) or (B) the Applicable Requisite Lenders notify the Applicable Administrative Agent that the Eurodollar Rate for any Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period or calendar quarter, such Administrative Agent shall forthwith so notify the Borrowers and the Applicable Lenders, whereupon each Eurodollar Rate Loan in respect of such Facility shall automatically, on the last day of the current Interest Period for such Loan, convert into a Base Rate Loan and the obligations of the Applicable Lenders to make Eurodollar Rate Loans or to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended until such Administrative Agent shall notify the Borrowers that the Applicable Requisite Lenders have determined that the circumstances causing such suspension no longer exist, which notice shall be given promptly following such determination. Thereafter, the Borrowers’ right to request, and the Applicable Lenders’ obligations, if any, to make Eurodollar Rate Loans shall be restored.

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(ii)If at any time an Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) the circumstances set forth in clause (b)(i)(A) or (b)(i)(B) have arisen and such circumstances are unlikely to be temporary or (B) the circumstances set forth in clause (b)(i)(A) or (b)(i)(B) have not arisen but the supervisor for the administrator of the LIBO Screen Rate or a Governmental Authority having jurisdiction over such Administrative Agent has made a public statement identifying a specific date after which the LIBO Screen Rate shall no longer be used for determining interest rates for loans, then the Administrative Agents and the Borrowers shall endeavor to establish an alternate rate of interest to the LIBO Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement as may be applicable; provided that, if such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. Notwithstanding anything to the contrary in Section 11.1, such amendment shall become effective with regard to each Facility without any further action or consent of any other party to this Agreement so long as the Applicable Administrative Agent shall not have received, within five Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from the Applicable Requisite Lenders stating that such Lenders object to such amendment.

(c)Increased Costs. If at any time any Lender or an Issuer determines that any Change in Law (including any change by way of imposition or increase of reserve requirements included in determining the Eurodollar Rate) shall (i) have the effect of increasing the cost to such Lender or such Issuer of agreeing to make or making, funding or maintaining any Eurodollar Rate Loan, or (ii) subject any Lender or any Issuer to any Tax (except for Taxes or Other Taxes indemnifiable pursuant to Section 2.19) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital and the result of any of the foregoing shall be to increase the cost to such Lender or Issuer of making, continuing or maintaining any Eurodollar Rate Loan or of maintaining its obligation to make any such Eurodollar Rate Loan, or to increase the cost to such Lender or Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or Issuer hereunder with respect to a Eurodollar Rate Loan or Letter of Credit (whether of principal, interest or any other amount) then the Borrowers shall from time to time, upon demand by such Lender or such Issuer (with a copy of such demand to the Applicable Administrative Agent), pay to the Applicable Administrative Agent for the account of such Lender or such Issuer additional amounts sufficient to compensate such Lender or such Issuer for such additional cost incurred or reduction suffered. A certificate as to the amount of such increased cost shall be, together with supporting documents, submitted to the Borrowers and the Applicable Administrative Agent by such Lender or such Issuer and shall be conclusive and binding for all purposes, absent manifest error. Notwithstanding the foregoing, except to the extent, if any, the change (or compliance) referred to in such certificate shall be retroactive, the Borrowers shall not be required to compensate a Lender or an Issuer pursuant to this clause (c) for any increased costs or reduction incurred more than 180 days prior to the date of such certificate. The Borrowers shall pay such Lender or such Issuer the amount shown as due on any such certificate within 30 days after its receipt of the same. Notwithstanding the foregoing, no Person shall be entitled to demand compensation for any additional cost or reduction pursuant to this Section 2.17(c) if it is not the general policy or practice of such Person to demand it in similar circumstances under comparable provisions of other credit agreements (as reasonably determined by such Person).

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(d)Illegality. Notwithstanding any other provision of this Agreement, if any Lender determines that the introduction of, or any change in or in the interpretation of, any law, treaty or governmental rule, regulation or order after the date of this Agreement shall make it unlawful, or any central bank or other Governmental Authority shall assert that it is unlawful, for any Lender or its Eurodollar Lending Office to make Eurodollar Rate Loans or to continue to fund or maintain Eurodollar Rate Loans, then, on notice thereof and demand therefor by such Lender to the Borrowers through the Applicable Administrative Agent, (i) the obligation of such Lender to make or to continue Eurodollar Rate Loans and to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended, and each such Lender shall make a Base Rate Loan as part of any requested Borrowing of Eurodollar Rate Loans and (ii) if the affected Eurodollar Rate Loans are then outstanding, the Borrowers shall immediately convert each such Loan into a Base Rate Loan. If, at any time after a Lender gives notice under this Section 2.17(d), such Lender determines that it may lawfully make Eurodollar Rate Loans, such Lender shall promptly give notice of that determination to the Borrowers and the Applicable Administrative Agent. The Borrowers’ right to request, and such Lender’s obligation, if any, to make Eurodollar Rate Loans shall thereupon be restored.

(e)Breakage Costs. In addition to all amounts required to be paid by the Borrowers pursuant to Section 2.13, the Borrowers shall compensate each Lender, upon demand, for all losses, expenses and liabilities (including any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund or maintain such Lender’s Eurodollar Rate Loan to the Borrowers, but excluding any loss of profit on the relevant Loans) that such Lender may sustain (i) if for any reason a proposed Borrowing or continuation of, or conversion into, Eurodollar Rate Loans does not occur on a date specified therefor in a Notice of Borrowing or a Notice of Conversion or Continuation given by the Borrowers or in a telephonic request by it for borrowing or conversion or continuation or a successive Interest Period does not commence after notice therefor is given pursuant to Section 2.14, (ii) if for any reason any Eurodollar Rate Loan is prepaid by reason of an increase or a reduction in Commitments on a date that is not the last day of the applicable Interest Period, (iii) as a consequence of a required conversion of a Eurodollar Rate Loan to a Base Rate Loan as a result of any of the events indicated in clause (d) above, (iv) as a consequence of any failure by the Borrowers to repay Eurodollar Rate Loans when required by the terms hereof, or (v) as a consequence of the assignment of any Eurodollar Rate Loan other than on the last day of an Interest Period therefor as a result of a request by the Borrowers pursuant to Section 2.20 or Section 11.1(c). The Lender making demand for such compensation shall deliver to the Borrowers concurrently with such demand a written statement as to such losses, expenses and liabilities, and this statement shall be conclusive as to the amount of compensation due to such Lender, absent manifest error.

(f)Without prejudice to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations of the Borrowers under this Section 2.17 shall survive the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the Obligations.

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Section 2.18Capital Adequacy

If at any time any Lender or any Issuer determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuer’s (or any Person controlling such Lender’s or such Issuer’s) capital as a consequence of its obligations hereunder, under or in respect of any Letter of Credit to a level below that which such Lender or such Issuer or Person could have achieved but for such Change in Law, then, upon demand from time to time by such Lender or such Issuer, the Borrowers shall pay to the Applicable Administrative Agent for the account of such Lender or such Issuer, from time to time as specified by such Lender or such Issuer, additional amounts sufficient to compensate such Lender or such Issuer for such reduction. A certificate as to such amounts setting forth in reasonable detail the basis for such demand and a calculation for such amount shall be submitted to the Borrowers and the Applicable Administrative Agent by such Lender or such Issuer and shall be conclusive and binding for all purposes absent manifest error; provided that no such certificate need disclose any information that is sensitive, confidential or legally restricted. Notwithstanding the foregoing, except to the extent, if any, the change (or compliance) referred to in any such certificate shall be retroactive, the Borrowers shall not be required to compensate a Lender or such Issuer pursuant to this Section 2.18 for any reduction in rates of return with respect to any period prior to the date that is 180 days prior to the date of each such certificate. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations of the Borrowers under this Section 2.18 shall survive the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the Obligations.

Section 2.19Taxes

(a)All payments by or on account of any obligation of any Loan Party to or for the account of any Lender or Issuer or any Administrative Agent hereunder or under each Loan Document shall be made free and clear of and without deduction or withholding for any and all taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto (“Taxes”), except pursuant to a Requirement of Law (which for purposes of this Section 2.19 shall include FATCA). If a Withholding Agent shall be required by law (as determined in the good faith discretion of such Withholding Agent) to deduct or withhold any Taxes from or in respect of any such payment to any Lender or the Applicable Administrative Agent then, (i) the applicable Withholding Agent shall be entitled to make such deductions or withholdings, (ii) the applicable Withholding Agent shall timely pay the full amount withheld or deducted by it to the relevant Governmental Authority in accordance with the applicable Requirement of Law, and (iii) the applicable Withholding Agent shall furnish to such Administrative Agent (in case the applicable Withholding Agent is a Loan Party) or to the Borrowers (in case the applicable Withholding Agent is the Applicable Administrative Agent) the original or a certified copy of a receipt evidencing payment thereof, a copy of the return reporting such payment, or other evidence of such payment reasonably satisfactory to such Administrative Agent or the Borrowers (as applicable) within 30 days after such payment is made. In addition, in the case of any Taxes or Other Taxes (as defined below) that are, in either case, (i) deducted or withheld by a Withholding Agent pursuant to the immediately preceding sentence and (ii) not an Excluded Tax, the sum payable by the Borrowers under the applicable Loan Document shall be increased as necessary so that after making all such required deductions or withholdings for such Taxes or Other Taxes (including deductions applicable to additional sums payable under this Section 2.19) such Lender or such Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions or withholdings been made.

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(b)In addition, the Borrowers shall timely pay to the relevant Government Authority any stamp, court or documentary, intangible, recording, filing or similar Taxes (including any interest, additions to Tax or penalties applicable thereto), in each case arising from any payment made under any Loan Document or from the execution, delivery or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.20) (“Other Taxes”) or, at the option of the Applicable Administrative Agent, timely reimburse it for the payment of Other Taxes.

(c)The Borrowers hereby agree to indemnify, jointly and severally, each Administrative Agent, each Issuer and each Lender, for the full amount of Taxes (other than Excluded Taxes) imposed on or with respect to a payment made by or on account of an obligation of any Loan Party under any Loan Document or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed on amounts payable under this Section 2.19(c)) deducted or withheld by the Borrowers or paid by the Applicable Administrative Agent or such Lender and any penalties, interest and reasonable expenses arising therefrom or with respect thereto whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted. Payments due under this indemnification shall be made within 10 days of the date such Administrative Agent or such Lender makes demand therefor. A certificate as to the amount of such payment or liability delivered to the Borrowers by a Lender or any Administrative Agent on its own behalf or on behalf of a Lender or any other Administrative Agent, shall be conclusive absent manifest error.

(d)Without prejudice to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations of the parties contained in this Section 2.19 shall survive the resignation and/or replacement of any Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the Obligations.

(e)Any Lender (including, solely for this purpose, each Administrative Agent and any Issuer) that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver, to the Borrowers and the Applicable Administrative Agent, at the time or times reasonably requested by the Borrowers or the Applicable Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrowers or such Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrowers or the Applicable Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrowers or such Administrative Agent as will enable the Borrowers or such Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in sub-clause (ii)(A), (B) or (D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

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(ii)Without limiting the generality of the foregoing, in the event that a Borrower is a “United States person” within the meaning of Section 7701(a)(30) of the Code:

(A)any Lender that is a United States Person shall deliver to the Borrowers and the Applicable Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrowers or such Administrative Agent), properly completed and executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding Tax;

(B)any non-U.S. Lender shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the Applicable Administrative Agent (in such number of copies as shall be requested by the applicable recipient) on or prior to the date on which such non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrowers or such Administrative Agent), whichever of the following is applicable:

(1)in the case of a non-U.S. Lender claiming the benefits of an income Tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, properly completed and executed copies of IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such Tax treaty and (y) with respect to any other applicable payments under any Loan Document, properly completed and executed copies of IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such Tax treaty;

(2)properly completed and executed copies of IRS Form W-8ECI;

(3)in the case of a non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit I-1 to the effect that such non-U.S. Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10-percent shareholder” of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) properly completed and executed copies of IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable; or

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(4)to the extent a non-U.S. Lender is not the beneficial owner, properly completed and executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-2 or Exhibit I-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the non-U.S. Lender is a partnership and one or more direct or indirect partners of such non-U.S. Lender are claiming the portfolio interest exemption, such non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-4 on behalf of each such direct and indirect partner;

(C)any non-U.S. Lender shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the Applicable Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrowers or such Administrative Agent), executed copies of any other form prescribed by applicable 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 law to permit the Borrowers or such Administrative Agent to determine the withholding or deduction required to be made; and

(D)if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender 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 Lender shall deliver to the Borrowers and the Applicable Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrowers or such Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code), and such additional documentation reasonably requested by the Borrowers or such Administrative Agent as may be necessary for the Borrowers and such Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this sub-clause (D), “FATCA” shall include any amendments made to FATCA after the date of this agreement.

Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrowers and the Applicable Administrative Agent in writing of its legal inability to do so.

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(f)If any Lender, Issuer or the Applicable Administrative Agent receives a refund (or a credit claimed in lieu of a refund) in respect of any Taxes or Other Taxes as to which it has received a payment from or has been indemnified by a Loan Party pursuant to this Section 2.19 or a similar provision of any Loan Document, which refund or credit in solely the good faith judgment of such Lender or Issuer or such Administrative Agent, as the case may be, is attributable to such payment or indemnification made by the Loan Party or the associated Tax or Other Tax, it shall notify the Borrowers of such receipt and shall, within 30 days after the later of the receipt of a written request by the Borrowers or the receipt or application of such refund or credit (unless such Lender reasonably expects that it shall be required to repay such refund or credit to the relevant Governmental Authority), pay the amount of such refund or credit to the Borrowers, net of all out-of-pocket expenses of such Lender and Taxes imposed on the Lender or Issuer or an Administrative Agent with respect to such amounts, without interest thereon and subject to Section 11.6; provided, however, that the Borrowers jointly and severally agree to return such refund or credit paid by the Lender, Issuer or the Applicable Administrative Agent pursuant to this paragraph (f) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Lender or Issuer or such Administrative Agent within 30 days after receipt of written notice in the event that such Lender or Issuer or such Administrative Agent is required to repay such refund or credit to the relevant Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f), in no event will a Lender or Issuer or the Applicable Administrative Agent be required to pay any amount to any Loan Party pursuant to this paragraph (f) the payment of which would place the Lender or Issuer or such Administrative Agent in a less favorable net after-Tax position than the Lender or Issuer or such Administrative Agent would have been in if the Tax subject to indemnification and giving rise to such refund or credit had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. Nothing contained in this Section 2.19 shall require any Lender or the Applicable Administrative Agent to make available to any Loan Party any Tax Return or any other document containing information that it deems to be confidential.

Section 2.20Substitution of Lenders

If any Lender becomes a Defaulting Lender, the Borrowers may, at Borrowers’ sole effort and expense, substitute another financial institution for such Defaulting Lender hereunder, upon reasonable prior written notice (which written notice must be given within 90 days following the notification to the Borrowers thereof) by the Borrowers to the Applicable Administrative Agent and the Defaulting Lender that the Borrowers intend to make such substitution. A substitute financial institution (x) must be an Eligible Assignee and (y) if not already a Lender in respect of such Facility, must be acceptable to the Applicable Administrative Agent and, in the case of the Revolving Facility, each Issuer (each such consent not to be unreasonably withheld, conditioned or delayed). If the proposed substitute financial institution or other entity meets the conditions set forth in clauses (x) and (y) above and the written notice was properly issued under this Section 2.20, the Defaulting Lender shall sell and the substitute financial institution or other entity shall purchase, at par plus accrued interest and Letter of Credit Participation Fees, all rights and claims of such Defaulting Lender under the Loan Documents and such substitute financial institution or other entity shall assume, and the Defaulting Lender shall be relieved of, its Applicable Commitments and all other prior unperformed obligations of the Defaulting Lender under the Loan Documents (other than in respect of any damages (other than exemplary or punitive damages, to the extent permitted by applicable law) in respect of any such unperformed

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obligations). Such Defaulting Lender, upon the effectiveness of such sale, purchase and assumption (that, in any event shall be conditioned upon the payment in full by the Borrowers in cash of all fees, unreimbursed costs and expenses and indemnities accrued and unpaid through such effective date to such Defaulting Lender), the substitute financial institution or other entity shall become a “Lender” hereunder in respect of the applicable Facility for all purposes of this Agreement (x) having a Commitment in the amount of such Defaulting Lender’s Commitment assumed by it (if any) and such Commitment of the Defaulting Lender shall be terminated and (y) holding the amount of Applicable Loans and Applicable Reimbursement Obligations held by the Defaulting Lender; provided, however, that all indemnities under the Loan Documents shall continue in favor of such Defaulting Lender. Such Defaulting Lender shall execute and deliver to the Applicable Administrative Agent an Assignment and Acceptance to evidence such transfer; provided, however, that the failure of the Defaulting Lender to execute and deliver such Assignment and Acceptance shall not invalidate such assignment, and such Assignment and Acceptance shall be deemed to be executed and delivered upon receipt by such Defaulting Lender of such payment in full.

Section 2.21Mitigation

If any Lender requests compensation under Section 2.17(c), or requires the Borrowers to pay any Taxes or additional amounts to any Lender, any Administrative Agent or any Governmental Authority for the account of any Lender pursuant to Section 2.19, then such Lender shall (at the request of the Borrowers) use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.17(c) or 2.19, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

Section 2.22Cash Collateral

(a)Certain Credit Support Events. At any time that there shall exist a Revolving Lender that is a Defaulting Lender, promptly (but in any event within five Business Days) after the request of any Administrative Agent or any Revolving Issuer, the Borrowers shall deliver to the Collateral Agent cash collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to Section 2.23(a)(iv) and any cash collateral provided by the Defaulting Lender).

(b)Grant of Security Interest. All cash collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked deposit or securities accounts at the Collateral Agent (including, in the case of cash collateral provided pursuant to Section 9.3, the LC Facilities Cash Collateral Account). To the extent provided by the Borrowers, the Borrowers, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Collateral Agent, for the benefit of the Collateral Agent, the Administrative Agents, the Issuers and the Revolving Lenders, a security interest in all such cash, deposit and securities accounts and all balances therein, and in all proceeds of the foregoing, and to maintain such security interest as a first-priority security interest, all as security for the obligations to which

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such cash collateral may be applied pursuant to clause (c) below. If at any time the Collateral Agent determines that cash collateral is subject to any right or claim of any Person other than the Collateral Agent as herein provided, or that the total amount of such cash collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrowers or the relevant Defaulting Lender will, promptly (but in any event within five Business Days) after demand by the Collateral Agent, pay or provide to the Collateral Agent additional cash collateral in an amount sufficient to eliminate such deficiency.

(c)Application. Notwithstanding anything to the contrary contained in this Agreement, cash collateral provided hereunder in respect of Letters of Credit shall be held and applied to the satisfaction of the specific Revolving Letter of Credit Obligations and Cash Secured LC Obligations, as applicable, obligations to fund participations therein (including, as to cash collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which such cash collateral was so provided, prior to any other application of such property as may be provided for herein.

(d)Release. Cash collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the Lender (or, as appropriate, its assignee following compliance with Section 11.2(b)(iv)) or (ii) the Collateral Agent’s good faith determination that there exists excess cash collateral; provided, however, that (x) cash collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of a Default or Event of Default (and following application as provided in this Section 2.22 may be otherwise applied in accordance with Section 2.16(e) and (f), and (y) the Person providing cash collateral and the relevant Issuer may agree that cash collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations.

Section 2.23Defaulting 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. Each Lender hereby agrees that notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and each Lender hereby agrees that any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the Lenders other than Defaulting Lenders), except as provided in the last sentence of Section 11.1(a).

(ii)Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by any Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 2.12 or otherwise, and including any amounts made available to such Administrative Agent by the Defaulting Lender pursuant to Section 11.6), shall be applied at such time or times as may be determined by such Administrative Agent as follows:

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first, to the payment of any amounts owing by that Defaulting Lender to an Administrative Agent hereunder;

second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to a Revolving Issuer hereunder;

third, if so determined by the Revolving Administrative Agent or requested by an Issuer, to be held as cash collateral for future funding obligations of that Defaulting Lender of any participation in any Letter of Credit;

fourth, as the Borrowers 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 Term Loan Administrative Agent;

fifth, if so determined by the Term Loan Administrative Agent and the Borrowers, to be held in a deposit account or securities account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement;

sixth, to the payment of any amounts owing to the other Lenders or Issuers as a result of any judgment of a court of competent jurisdiction obtained by any Lender or any Issuer against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement;

seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and

eighth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction.

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 this Section 2.23(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto.

(iii)Certain Fees. (x) No Defaulting Lender shall be entitled to receive any Revolving Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrowers 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) each Defaulting Lender shall be limited in its right to receive Letter of Credit Participation Fees as provided in Section 2.15(c)(ii).

(iv)Reallocation of Ratable Portions to Reduce Fronting Exposure. During any period in which there is a Revolving Lender that is a Defaulting Lender, for purposes of computing the amount of the obligation of each Revolving Lender that is a Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit pursuant to Section 2.7, the “Ratable Portion” of each Revolving Lender that is a Non-Defaulting Lender shall be computed without giving effect to the Commitment of that

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Defaulting Lender; provided that, (i) each such reallocation shall be given effect only if, at the date the Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of a Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit shall not exceed the positive difference, if any, of (1) the Revolving Commitment of that Non-Defaulting Lender minus (2) the aggregate Revolving Letter of Credit Obligations of that Lender.

(b)Defaulting Lender Cure. If the Borrowers, the Revolving Administrative Agent, and each Issuer agree in writing in their sole discretion that a Revolving Lender that is a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Revolving Administrative Agent will so notify the Borrowers, the Revolving Lenders and the Issuers, 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), that Lender will, to the extent applicable, purchase that portion of outstanding Revolving Letter of Credit Obligations of the other Revolving Lenders and take such other actions as the Revolving Administrative Agent may determine to be necessary to cause the Revolving Letter of Credit Obligations and participations in Letters of Credit to be held on a pro rata basis by the Revolving Lenders in accordance with their Ratable Portions (without giving effect to clause (a)(iv) above), whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers 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 Non-Defaulting Lender and no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

(c)Replacement of Defaulting Lenders. If any Lender is a Defaulting Lender, then the Borrowers may, at their sole expense and effort, upon notice to such Lender and the Revolving Administrative Agent, require such Lender to be replaced in accordance with Section 2.20.

Section 2.24Priority and Liens.

(a)Each of the Loan Parties hereby covenants and agrees that upon the entry of, and subject to, the Interim DIP Order (and, when entered, the Final DIP Order) and subject to the Carve Out in all respects, the Obligations:

(i)pursuant to Section 364(c)(1) of the Bankruptcy Code, shall at all times constitute an allowed super-priority administrative expense claim in the Cases (the “Superpriority Claim”), subject only to the Carve Out and having priority over any and all other administrative expenses, diminution claims and all other priority claims against the Debtors, now existing or hereafter arising, of any kind whatsoever, including, without limitation, all other administrative expenses of the kind specified in sections 503(b) and 507(b) of the Bankruptcy Code, and over any and all other administrative expenses or other claims arising under sections 105, 326, 327, 328, 330, 331, 365, 503(b), 506(c), 507(a), 507(b), 726, 1113 or 1114 of the Bankruptcy Code, which super-priority claims in respect of the Facilities shall rank pari passu with each other;

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(ii)pursuant to section 364(c)(2) of the Bankruptcy Code, shall be secured by a valid, binding, continuing, enforceable, fully perfected first priority Lien on all Collateral that is not subject to valid, perfected and unavoidable Liens; it being agreed that such Collateral shall exclude claims and causes of action under sections 502(d), 544, 545, 547, 548, 550 and 553 of the Bankruptcy Code (collectively “Avoidance Actions”) but include, subject to the entry of the Final DIP Order by the Bankruptcy Court, the proceeds thereof, and

(iii)pursuant to Section 364(d)(l) of the Bankruptcy Code, shall be secured by a valid, binding, continuing, enforceable, fully perfected first priority senior priming Lien on all Collateral, which Liens shall be senior to the Liens (the “Primed Liens”) securing the Prepetition Credit Facilities and any Liens to which the Primed Liens are senior or rank pari passu, and which shall also prime any Liens granted after the commencement of the Cases to provide Adequate Protection Liens to the extent of any diminution in the value of the collateral of the Primed Liens as provided in the DIP Orders in respect of any of the Primed Liens, subject in each case only to (1) Non-Primed Excepted Liens, (2) the Carve Out and (3) and as otherwise set forth in the DIP Orders (the “Priming Liens”); and

(iv)pursuant to Section 364(c)(3) of the Bankruptcy Code, shall be secured by a valid, binding, continuing, enforceable fully perfected Lien on all Collateral that is subject to Customary Permitted Liens;

(b)The Priming Liens (i) shall be subject and junior to the Carve Out in all respects, (ii) shall be junior to Liens that are senior to the Primed Liens (unless such Liens are themselves Primed Liens), (iii) shall be senior to any Liens to which the Primed Liens are senior or rank pari passu, (iv) shall be senior in all respects to the interests in such property of the holders of the obligations in respect of the Primed Liens (other than the Prepetition Cash Collateralized LC Liens, as defined in the Interim DIP Order), and (v) shall also be senior to any Liens granted after the Petition Date to provide adequate protection in respect of the Primed Liens.

(c)The relative priorities of the Liens described in this Section 2.24 with respect to the Collateral shall be as set forth in the DIP Orders and the Collateral Documents. In accordance with the DIP Orders, all of the Liens described in this Section 2.24 shall be effective and perfected upon entry of the DIP Orders, without the necessity of the execution, recordation or filings by the Debtors of security agreements, control agreements, financing statements or other similar documents, or the possession or control by the Collateral Agent of, or over, any Collateral, as set forth in the DIP Orders.

ARTICLE III

Conditions To Loans And Letters Of Credit

Section 3.1Conditions Precedent to the Effective Date

The effectiveness of this Agreement and the obligation of the Term Lenders to make the Interim New Money Term Loans and the obligation of each Issuer to Issue Letters of Credit shall not become effective until the date on which the Administrative Agents shall have received this Agreement, executed and delivered by each of the parties hereto and all of the following conditions precedent are satisfied or duly waived by each Lender, each Issuer and each Agent (such date, the “Effective Date”):

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(a)Deliveries at Effective Date. The Administrative Agents shall have received (i) if requested by any Lender, promissory notes substantially in the form of Exhibit B, each executed and delivered by a Responsible Officer of each Borrower, (ii) the Guaranty Agreement, in form and substance reasonably satisfactory to the Administrative Agents, executed and delivered by a Responsible Officer of the Parent and each Subsidiary of the Parent (including each Borrower) listed on Schedule V hereto and (iii) each of the other documents listed in Schedule 3.1 hereto, each in form and substance reasonably satisfactory to each Administrative Agent, executed and delivered by a Responsible Officer of the Loan Parties and each other party thereto.

(b)Financial Statements. Each Administrative Agent shall have received, for delivery to the Applicable Lenders, (i) the Closing Date Financial Statements and (ii) the Projections.

(c)Legal Opinions. Each Administrative Agent shall have received, on behalf of itself, the Collateral Agent, the Lenders and the Issuers, favorable written opinions, each in form and substance reasonably satisfactory to each Administrative Agent, of Xxxxxxxx & Xxxxx LLP, special counsel to the Loan Parties, on the Effective Date dated as of the Effective Date and addressed to each Administrative Agent, the Collateral Agent, the Lenders and the Issuers and addressing such other matters any Administrative Agent may reasonably request.

(d)Certificates. Each Administrative Agent shall have received (i) a copy of the certificate or articles of incorporation or other formation documents, including all amendments thereto, of each Person listed on Schedule V hereto, certified, in the case of Loan Parties incorporated in the United States, as of a recent date by the appropriate governmental authority of the jurisdiction of its organization, and a certificate as to the good standing (if applicable in such jurisdiction) of each Loan Party (other than those listed on Schedule 3.1(d)) from such governmental authority; (ii) a certificate of an Authorized Officer, the Secretary or the Assistant Secretary of such Loan Party and with respect to a Dutch Loan Party, by an authorized representative of such Dutch Loan Party, dated the Effective Date and certifying (A) that attached thereto is a true and complete copy of the by-laws or similar document of such Loan Party as in effect on the Effective Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or similar governing body) of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Person is a party and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or other formation documents of such Loan Party have not been amended since the date of the last amendment thereto furnished pursuant to clause (i) above and (D) as to the incumbency and specimen signature of each officer executing any Loan Document or any other document delivered in connection herewith on behalf of such Loan Party and (iii) a certificate of another officer as to the incumbency and specimen signature of the Authorized Officer, or authorized representative in the case of a Dutch Loan Party, executing the certificate pursuant to clause (ii) above.

(e)[Reserved].

(f)Approved Budget. Each Administrative Agent shall have received the initial Approved Budget, in form and substance reasonably acceptable to the Requisite Revolving Lenders and the Requisite Term Lenders.

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(g)Bankruptcy Related Conditions.

(i)The Loan Parties shall have filed the Cases with the Bankruptcy Court on the Petition Date.

(ii)None of the Cases shall have been dismissed or converted to a Chapter 7 case.

(iii)No trustee under Chapter 7 or Chapter 11 of the Bankruptcy Code or examiner with enlarged powers beyond those set forth in section 1106(a)(3) and (4) of the Bankruptcy Code shall have been appointed in the Cases.

(iv)The Bankruptcy Court shall have entered the Interim DIP Order in form and substance acceptable to the Administrative Agents and the Collateral Agent (in their capacities as such), the Requisite Revolving Lenders and the Requisite Term Lenders and reasonably acceptable to the Borrower within five (5) Business Days after the Petition Date and not more than one (1) Business Day prior to the Effective Date and the Interim DIP Order shall be in full force and effect; all material governmental and third party consents and approvals necessary in connection with this Agreement and the transactions contemplated hereby shall have been obtained.

(v)The making of the Interim New Money Term Loan and the issuance of Letters of Credit shall not violate any requirement of law in any material respect and shall not be enjoined, temporarily, preliminarily or permanently, and the amount of the New Money Term Loan to be made on the Effective Date shall not exceed the amount authorized by the Interim DIP Order.

(vi)The Restructuring Support Agreement shall not have terminated and shall be in full force and effect.

(vii)All “first day orders” entered in the Cases at the time of commencement of the Cases shall be reasonably satisfactory in form and substance to the Requisite Revolving Lenders, the Requisite Term Lenders and the Administrative Agents.

(h)Collateral Documents. The Collateral Agent shall have received the results of a recent customary Lien search in each relevant jurisdiction in the United States with respect to the Parent, the Borrowers and each Person that shall be a Guarantor as of the Effective Date (whether as a condition to the Effective Date or subsequent to the occurrence thereof). The Secured Parties shall have valid and perfected Liens on the Collateral, to the extent contemplated hereby, and pursuant to the other Loan Documents, including the Interim DIP Order. The Pledge and Security Agreement and the other Collateral Documents listed on Schedule 3.1 shall be in full force and effect on the Effective Date, and each document (including each Uniform Commercial Code financing statement) shall have been delivered to the Collateral Agent. The Pledged Stock and the Pledged Notes shall be duly and validly pledged to the Collateral Agent for the ratable benefit of the Secured Parties, and, subject to Section 7.14, certificates representing such pledged Collateral (if any), accompanied by instruments of transfer and stock powers endorsed in blank other than the certificates and stock powers representing equity interest in Schedule 3.1(h), shall have been delivered to the Collateral Agent.

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(i)Effective Date Certificate. Each Administrative Agent shall have received a certificate of a Responsible Officer of the Parent and each Borrower to the effect that the condition set forth in Section 3.3(b) has been satisfied.

(j)USA Patriot Act. To the extent requested at least ten days prior to the Effective Date, the Agents and the Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act at least five days prior to the Effective Date.

(k)Fees and Expenses; Advisor Engagement. There shall have been paid (i) to each Administrative Agent, for the account of each Administrative Agent and the Lenders, as applicable, and to the Arrangers and the Bookrunners, for its own account, all invoiced fees and expenses (including fees and expenses of counsel to each Administrative Agent and the Collateral Agent to the extent the Borrowers receive invoices therefor at least one Business Day prior to the Effective Date) due and payable in connection with this Agreement or the Prepetition Credit Facilities on or before the Effective Date, and (ii) to each Lender, an initial yield payment equal to the sum of (x) 2.25% of any Revolving Commitments (as if the Effective Date were the Final Facility Effective Date) of such Lender, but excluding any amount of any Active Revolving Commitments (as defined in the Existing Super-Priority Credit Agreement) of such Lender that are to be rolled up in accordance with Section 2.4 and (y) 2.25% of any Term Commitments (as of the Effective Date) of such Lender and (iii) to the Persons entitled thereto, their respective portions of a backstop fee equal to the sum of (x) 2.25% of the Revolving Commitments (as if the Effective Date were the Final Facility Effective Date), but excluding the amount of any Active Revolving Commitments (as defined in the Existing Super-Priority Credit Agreement) that are to be rolled up in accordance with Section 2.4 and (y) 2.25% of the Term Commitments (as of the Effective Date).

Section 3.2Conditions Precedent to Final Facility Effective Date

The obligation of the Term Lenders to make Term Loans pursuant to Section 2.1(a)(ii) and any applicable increase in the Revolving Commitments on the Final Facility Effective Date contemplated in the definition thereof shall not become effective until the date after the Effective Date on which each of the following conditions precedent shall have been satisfied or duly waived by the Requisite Term Lenders and the Requisite Revolving Lenders (such date, the “Final Facility Effective Date”):

(a)Deliveries at Final Facility Effective Date. All of the conditions precedent set forth on Annex 3.2 shall have been satisfied or duly waived by the Requisite Term Lenders and Requisite Revolving Lenders; and

(b)Bankruptcy Related Conditions.

(i)The Final DIP Order (A) shall have been entered on the docket of the Bankruptcy Court and the Final DIP Order shall approve the full amount of the Facilities and (B) shall be in full force and effect and shall not have been vacated, stayed, reversed, modified or amended in any respect without the written consent of the Requisite

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Term Lenders and Requisite Revolving Lenders (such consent not to be unreasonably withheld), and no motion for reconsideration of the Final DIP Order shall have been timely filed by a Debtor or any of their Subsidiaries.

(ii)All “second day orders” entered in the Cases at the time of entry of the Final DIP Order shall be reasonably satisfactory in form and substance to the Requisite Term Lenders, the Requisite Revolving Lenders, and the Administrative Agents.

(c)Effective Date Certificate. Each Administrative Agent shall have received a certificate of a Responsible Officer of the Parent and each Borrower to the effect that the condition set forth in Section 3.3(b) has been satisfied.

(d)Fees and Expenses; Advisor Engagement. (i) There shall have been paid to each Administrative Agent, for the account of each Administrative Agent and the Lenders, as applicable, all fees and expenses (including fees and expenses of counsel to each Administrative Agent and the Collateral Agent to the extent the Borrowers receive invoices therefor at least one Business Day prior to the Final Facility Effective Date) due and payable in connection with this Agreement or the Prepetition Credit Facilities on or before the Final Facility Effective Date.

(e)Revolving Letter of Credit Issuer Commitments. The aggregate Revolving Letter of Credit Issuer Commitments of Revolving Issuers under this Agreement as of the Final Facility Effective Date shall total at least $743,000,000.00.

Section 3.3Conditions Precedent to Each Loan and Letter of Credit

The obligation of the Lenders to make any Loan and of each Issuer on any date to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

(a)Request for Borrowing of Loans or Issuance of Letter of Credit. With respect to any Loan, the Applicable Administrative Agent shall have received a duly executed Notice of Borrowing, and, with respect to any Letter of Credit, the Issuer and the Revolving Administrative Agent shall have received a duly executed Letter of Credit Request.

(b)Representations and Warranties; No Defaults. The following statements shall be true on the date of such Loans or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds therefrom:

(i)the representations and warranties set forth in Article IV and in the other Loan Documents that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV and in the other Loan Documents that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of such date or, to the extent such representations and warranties expressly relate to an earlier date, as of such earlier date; and

(ii)no Default or Event of Default shall have occurred and be continuing or shall occur as a result of such Loan or Issuance or from the application of proceeds thereof.

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(c)Alternative Currencies. Immediately after giving effect to any proposed Issuance of a Letter of Credit denominated in an Alternative Currency, the sum of the Dollar Equivalent of the Revolving Letter of Credit Obligations or Cash Secured LC Obligations, as applicable, at such time in respect of each Letter of Credit denominated in an Alternative Currency would not exceed the Alternative Currency Cap as a result of such proposed Issuance.

ARTICLE IV

Representations and Warranties

To induce the Lenders, the Issuers and each Administrative Agent to enter into this Agreement, the Parent and each Borrower party hereto represents and warrants each of the following to the Lenders, the Issuers and each Administrative Agent, on and as of the Effective Date and on and as of each date as required by Section 3.3(b)(i).

Section 4.1Corporate Existence; Compliance with Law

Each of the Parent, each Borrower and each Restricted Subsidiary (a) is duly organized, validly existing and, except where the failure to be in good standing could not reasonably be expected to have a Material Adverse Effect, in good standing, to the extent applicable, under the laws of the jurisdiction of its organization, (b) is duly qualified to do business as a foreign corporation and in good standing, to the extent applicable, under the laws of each jurisdiction where such qualification is necessary, except where the failure to be so qualified or in good standing could not reasonably be expected to have a Material Adverse Effect, (c) subject to any restrictions arising on account of such Loan Party’s status as a “debtor” under the Bankruptcy Code, has all requisite corporate or other organizational power and authority and the legal right to own, pledge, mortgage and operate its properties, to lease the property it operates under lease and to conduct its business as now or currently proposed to be conducted, (d) is in compliance with its Constituent Documents, (e) is in compliance with all Requirements of Law, including the Investment Company Act of 1940, as amended, except where the failure to be in compliance could not reasonably be expected to have a Material Adverse Effect; provided, however, that where such compliance relates to any Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions, each of the Parent, each Borrower and the Parent’s Subsidiaries are in compliance in all material respects; and (f) subject to entry of the DIP Orders, has all necessary licenses, permits, consents or approvals from or by, has made all necessary filings with, and has given all necessary notices to, each Governmental Authority having jurisdiction, to the extent required for such ownership, operation and conduct, except for licenses, permits, consents, approvals or filings that can be obtained or made by the taking of ministerial action to secure the grant or transfer thereof or the failure of which to obtain or make could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

Section 4.2Corporate Power; Authorization; Enforceable Obligations

(a)Subject to entry and the terms of the DIP Orders and to any restrictions arising on account of any Loan Party’s status as a “debtor” under the Bankruptcy Code, the execution, delivery, and performance by each Loan Party of the Loan Documents to which it is a party and the consummation of the Transactions:

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(i)are within such Loan Party’s corporate, limited liability company, partnership or other organizational powers;

(ii)have been or, at the time of delivery thereof pursuant to this Agreement will have been duly authorized by all necessary corporate, limited liability company or partnership action, including the consent of shareholders, partners and members where required;

(iii)do not and will not (A) contravene such Loan Party’s respective Constituent Documents, (B) violate any other Requirement of Law applicable to such Loan Party (including Regulations T, U and X of the Federal Reserve Board), or any order or decree of any Governmental Authority or arbitrator applicable to such Loan Party, other than any violation of any Requirement of Law relating to (I) any Excepted Consent having not been obtained at the time such representation is made or (II) any consent, authorization, approval, filing or registration with or from any non-U.S. Governmental Authority outside the control of the Parent or its Restricted Subsidiaries that each Administrative Agent agrees, in its sole discretion, to be obtained, delivered or filed after the date on which the representation in this clause (iii) is made, (C) conflict with or result in the breach of, or constitute a default under, or result in or permit the termination or acceleration of, any lawful Contractual Obligation of such Loan Party or any of its Restricted Subsidiaries, other than in the case of this clause (C) any such conflict, breach, default, termination or acceleration that could not reasonably be expected to have a Material Adverse Effect, or (D) result in the creation or imposition of any Lien upon any property of such Loan Party, other than those in favor of the Secured Parties pursuant to the Collateral Documents and the DIP Orders; and

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(iv)do not require the consent of, authorization by, approval of, notice to, or filing or registration with, any Governmental Authority (other than the DIP Orders) or any other Person, other than (A) those that have been obtained or made and are in full force and effect, (B) resolutions of the board of directors or other similar authority of each Loan Party that have been (or such later date upon which such Person becomes a Guarantor), obtained or made, (C) the Excepted Consents, (D) any consent, authorization, approval, filing or registration with or from any non-U.S. Governmental Authority outside the control of the Parent or its Restricted Subsidiaries that each Administrative Agent agrees, in its sole discretion, to be obtained, delivered or filed after the date on which the representation in this clause (iv) is made, and (E) with respect to the Collateral, filings required to perfect the Liens created by the Collateral Documents.

(b)Subject to entry and the terms of the DIP Orders, this Agreement has been, and each of the other Loan Documents will have been upon delivery thereof pursuant to the terms of this Agreement, duly executed and delivered by each Loan Party who is a party thereto. Subject to entry and the terms of the DIP Orders, this Agreement is, and the other Loan Documents will be, when delivered, the legal, valid and binding obligation of each Loan Party who is a party thereto, enforceable against such Loan Party in accordance with its terms, subject to (i) except in the case of each Loan Party that is a Debtor, applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and (ii) general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Section 4.3Ownership of Borrowers; Subsidiaries

(a)All of the outstanding capital stock of the Parent and each Borrower is validly issued, fully paid and non-assessable.

(b)Set forth on Schedule 4.3 is a complete and accurate list showing, as of the Effective Date, all Subsidiaries of the Parent and, as to each such Subsidiary, its correct legal name, the jurisdiction of its organization, the number of shares of each class of Stock authorized (if applicable), the number outstanding on the Effective Date and the percentage of the outstanding shares of each such class owned (directly or indirectly) by the Parent. Except as set forth on Schedule 4.3, as of the Effective Date no Stock of any Restricted Subsidiary of the Parent is subject to any outstanding option, warrant, right of conversion or purchase of any similar right. Except as set forth on Schedule 4.3, all of the outstanding Stock of each Restricted Subsidiary of the Parent owned (directly or indirectly) by the Parent has been validly issued, is fully paid and non-assessable (to the extent applicable) and is owned by the Parent or a Subsidiary of the Parent, free and clear of all Liens, options, warrants, rights of conversion or purchase or any similar rights. As of the Effective Date, except as set forth on Schedule 4.3, neither the Parent nor any such Restricted Subsidiary is a party to, or has knowledge of, any agreement restricting the transfer or hypothecation of any Stock of any such Subsidiary, other than the Loan Documents and, with respect to any Subsidiary that is not a Wholly-Owned Subsidiary, the governing documents of such Subsidiary.

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Section 4.4Financial Statements

(a)The Closing Date Financial Statements, copies of which have been furnished to each Lender, fairly present in all material respects the consolidated financial condition of the Persons covered thereby as at such dates and the consolidated results of the operations of the Persons covered thereby for the period ended on such dates, all in conformity with GAAP (subject to the absence of footnote disclosure and normal year-end audit adjustments in the case of the Closing Date Financial Statements referenced in clause (b) of the definition thereof).

(b)The Projections have been prepared by the Parent taking into consideration past operations of its business, and reflect in all material respects as of the Effective Date, projections for the period beginning approximately January 1, 2019 and ending approximately December 31, 2023 on a Fiscal Year by Fiscal Year basis. The Projections are based upon estimates and assumptions stated therein, all of which the Parent believes in all material respects as of the Effective Date, to be reasonable in light of current conditions and current facts known to the Parent (other than any necessary adjustments due to fees payable in accordance herewith) and, as of the Effective Date, reflect the Parent’s good faith estimates of the future financial performance of the Parent and its Subsidiaries and of the other information projected therein for the periods set forth therein (it being understood and agreed that financial projections are not a guarantee of financial performance and are subject to significant uncertainties and contingencies many of which are beyond the Parent’s control, no assurance can be given that any projections may be realized, and actual results may differ from the Projections and such differences may be material).

(c)Neither the Parent nor any of its Subsidiaries has, as of the Effective Date, any material obligation, contingent liability or liability for Taxes, long-term leases (other than operating leases) or unusual forward or long-term commitment that is not reflected in the financial statements referred to in clause (a) above and not otherwise permitted by this Agreement.

(d)[Reserved].

(e)The consolidated balance sheets and the related statements of income and cash flow delivered following the Effective Date pursuant to Section 6.1, copies of which shall be furnished to each Lender, shall fairly present in all material respects the consolidated financial condition of the Persons covered thereby as at such dates and the consolidated results of the operations of the Persons covered thereby for the period ended on such dates, all in conformity with GAAP.

Section 4.5Material Adverse Effect

Since the Effective Date there has been no event or development that has had or could reasonably be expected to have a Material Adverse Effect.

Section 4.6[Reserved]

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Section 4.7Litigation

Other than the Cases, and except as set forth on Schedule 4.7, there are no pending or, to the knowledge of the Parent or Borrowers, threatened actions, investigations or proceedings against the Parent, any Borrower, or any of the Parent’s other Restricted Subsidiaries before any court, Governmental Authority or arbitrator other than those that, in the aggregate, could not reasonably be expected to have a Material Adverse Effect. Schedule 4.7 lists all litigation pending against any Loan Party as of the Effective Date that, if adversely determined, could be reasonably expected to have a Material Adverse Effect.

Section 4.8Taxes

Except to the extent prohibited by the Bankruptcy Code and not otherwise authorized by the Bankruptcy Court, all federal income and other material tax returns, reports and statements (collectively, the “Tax Returns”) required to be filed by the Parent or a Borrower or any other Tax Affiliates have been filed with the appropriate Governmental Authorities in all jurisdictions in which such Tax Returns are required to be filed, all such Tax Returns are true and correct in all material respects, and all material Taxes, charges and other impositions reflected therein or otherwise due and payable have been paid prior to the date on which any fine, penalty, interest, late charge or loss may be added thereto for non-payment thereof (whether or not shown on any Tax Return) except where contested in good faith and by appropriate proceedings if adequate reserves therefor have been established on the books of the Parent, the Borrowers or such Tax Affiliate in conformity with GAAP. Except to the extent prohibited by the Bankruptcy Code and not otherwise authorized by the Bankruptcy Court, the Parent, each Borrower and each other Tax Affiliate have deducted and withheld and timely paid to the respective Governmental Authorities all material amounts required to be deducted and withheld.

Section 4.9Full Disclosure

All information prepared or furnished by or on behalf of any Loan Party and delivered to the Lenders in writing in connection with this Agreement or the consummation of the transactions contemplated hereunder or thereunder (in each case, taken as a whole), other than any information of a general economic or industry specific nature, does not, as of the time of delivery of such information, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein or herein not misleading, other than information of a general economic or industry nature; provided, however, that, to the extent any such information was based upon, or constituted, a forecast or projection, such Loan Party represents only, in respect of such projection or forecast, that it acted in good faith and utilized reasonable assumptions and due care in the preparation of such information.

Section 4.10Margin Regulations

No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Federal Reserve Board), and no proceeds of any Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock, (i) directly or indirectly in connection with the consummation of the Business Combination or (ii) in all other cases, in contravention of Regulation T, U or X of the Federal Reserve Board. Margin stock constitutes less than 25% of the value of those assets of the Parent and its Subsidiaries, taken as a group, which are subject to any limitation on sale, pledge, or other restriction hereunder.

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Section 4.11No Burdensome Restrictions; No Defaults

(a)Neither the Parent, any Borrower, nor any other Restricted Subsidiary of the Parent (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any thereof would result in the creation of a Lien (other than a Lien permitted under Section 8.2) on the property or assets of any thereof or (ii) is subject to any charter restriction that could reasonably be expected to have a Material Adverse Effect.

(b)Except to the extent subject to the Automatic Stay, neither the Parent, any Borrower, nor any other Restricted Subsidiary of the Parent is in default under or with respect to any Contractual Obligation owed by it, other than, in either case, those defaults that could not reasonably be expected to have a Material Adverse Effect.

(c)No Default or Event of Default has occurred and is continuing.

Section 4.12Statutory Indebtedness Restrictions

Neither the Parent, any Borrower, nor any other Restricted Subsidiary of the Parent is (a) an “investment company” or a company “controlled” by an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended or (b) subject to regulation under the Federal Power Act.

Section 4.13Use of Proceeds

(a)The proceeds of the Term Loans are being used solely by the Borrowers for the following purposes: (i) to pay certain costs, fees, interest, payments and expenses related to the this Agreement or the Cases, including funding the Carve Out and payment of Professional Fees, (ii) to pay Adequate Protection Payments, (iii) to fund the working capital needs, capital improvements and expenditures of the Loan Parties during the Cases (other than payments to trade vendors for penalty interest payments (including liquidated damages but excluding, for the avoidance of doubt, customary liquidated damages to customers) unless such payments have otherwise been specified in the Approved Budget or authorized pursuant to the DIP Orders), and (iv) fund the costs of the administration of the Cases and the consummation of the restructuring, in each case subject to the Approved Budget. The proceeds of the Term Loans shall not be used to support any hedging obligations (other than the Hedging Obligations), any bilateral letter of credit obligations or surety obligations or to make any payments to trade vendors for penalty interest payments (including liquidated damages but excluding, for the avoidance of doubt, customary liquidated damages to customers) unless otherwise specified in the Approved Budget or authorized pursuant to the DIP Orders.

(b)Letters of Credit are being used solely by the Borrowers to support warranties, bid bonds, payment or performance obligations and for other general corporate purposes by the Borrowers, the Parent, the Parent’s Subsidiaries, Joint Ventures and Affiliates, in each case in accordance with the Approved Budget, but shall not support any hedging obligations, any bilateral letter of credit obligations or surety obligations or to make any payments to trade vendors for penalty interest payments (including liquidated damages but excluding, for the avoidance of doubt, customary liquidated damages to customers) unless otherwise specified in the Approved Budget or authorized pursuant to the DIP Orders.

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Section 4.14Insurance

All material policies of insurance of any kind or nature currently maintained by the Parent, a Borrower or any other Restricted Subsidiary, including policies of fire, theft, property damage, other commercial general liability, employee fidelity and workers’ compensation, are in full force and effect and are of a nature and provide such coverage as is sufficient and as is customarily carried by businesses of the size and character of such Person.

Section 4.15Labor Matters

(a)There are no strikes, work stoppages, slowdowns or lockouts pending or, to the knowledge of the Parent and each Borrower, threatened against or involving the Parent or any of its Restricted Subsidiaries, other than those that, in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

(b)There are no unfair labor practices, grievances or complaints pending, or, to the knowledge of the Parent and each Borrower, threatened, against or involving the Parent or any of its Restricted Subsidiaries, nor, to the knowledge of the Parent and each Borrower, are there any unfair labor practices, arbitrations or grievances threatened involving the Parent or any of its Restricted Subsidiaries, other than those that if resolved adversely to the Parent or any of its Restricted Subsidiaries, as applicable, could not reasonably be expected to have a Material Adverse Effect.

(c)Except as set forth on Schedule 4.15 , as of the Effective Date, there is no collective bargaining agreement covering any employee of the Parent, the Borrowers or any other Restricted Subsidiary. Except as set forth on Schedule 4.15, with respect to employees of the Parent, the Borrowers or any other Restricted Subsidiary not already covered by a collective bargaining agreement set forth on Schedule 4.15 , as of the Effective Date no union representation question exists with respect to such employees and, to the knowledge of the Parent and each Borrower, no union organization activity is taking place as of the Effective Date.

Section 4.16ERISA

(a)Each Employee Benefit Plan that is intended to qualify under Section 401 of the Code has received a favorable determination letter from the IRS indicating that such Employee Benefit Plan is so qualified and nothing has occurred subsequent to the issuance of such determination letter which could cause such Employee Benefit Plan to lose its qualified status and any trust created under any Employee Benefit Plan is exempt from Tax under the provisions of Section 501 of the Code, except where such failures could not reasonably be expected to have a Material Adverse Effect.

(b)The Parent, each Borrower and each other Restricted Subsidiary, each Guarantor and each of their respective ERISA Affiliates is in material compliance with all applicable provisions and requirements of ERISA, the Code and applicable Employee Benefit Plan provisions with respect to each Employee Benefit Plan except for non-compliances that could not reasonably be expected to have a Material Adverse Effect.

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(c)With respect to each Title IV Plan and each Multiemployer Plan, the Parent, each Borrower and each other Restricted Subsidiary, and each of their respective ERISA Affiliates has made all contributions required under ERISA and the Code and, in respect of each Title IV Plan, are in material compliance with the minimum funding standard of Section 412 of the Code (in each case, whether or not waived in accordance with Section 412(c) of the Code).

(d)Except as set forth on Schedule 4.16(d) to this Agreement, there has not been, nor is there reasonably expected to occur, any ERISA Event other than those that, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

(e)Except (i) to the extent required under Section 4980B of the Code or similar state laws, and (ii) with respect to which the aggregate liability, calculated on a FAS 106 basis as of December 31, 2017, does not exceed $65,000,000.00, no Employee Benefit Plan provides health or welfare benefits (through the purchase of insurance or otherwise) to any retired or former employees, consultants or directors (or their dependents) of the Parent, any Borrower or any other Restricted Subsidiary of the Parent, or any of their respective ERISA Affiliates.

(f)Except as set forth on Schedule 4.16(d) to this Agreement, none of the Parent, any Borrower or any other Restricted Subsidiary of the Parent, or any of their respective ERISA Affiliates has incurred or reasonably expects to incur any Withdrawal Liability with respect to any Multiemployer Plan. The Parent, each Borrower and each other Restricted Subsidiary of the Parent and each of their respective ERISA Affiliates has complied with the requirements of Section 515 of ERISA with respect to each Multiemployer Plan and are not in material “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer Plan.

(g)The Loan Parties are not and will not be using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans to repay the Loans, the Letters of Credit or the Commitments.

Section 4.17Environmental Matters

Except as disclosed on Schedule 4.17 to this Agreement:

(a)The operations of the Parent, each Borrower and each other Restricted Subsidiary have been and are in compliance with all Environmental Laws, including obtaining and complying with all required environmental, health and safety Permits, other than non-compliances that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

(b)None of the Parent, any Borrower or any other Restricted Subsidiary or any Real Property currently or, to the knowledge of the Parent or any Borrower, previously owned, operated or leased by or for the Parent, a Borrower or any other Restricted Subsidiary is subject to any pending or, to the knowledge of the Parent or any Borrower, threatened, claim, order, agreement, notice of violation, notice of potential liability or is the subject of any pending or threatened proceeding or governmental investigation under or pursuant to Environmental Laws other than those claims, orders, agreements, notices, proceedings or investigations that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

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(c)To the knowledge of the Parent or any Borrower, there are no facts, circumstances or conditions arising under Environmental Law relating to the operations or ownership of the Parent or any of its Restricted Subsidiaries or of Real Property owned, operated or leased by the Parent or any of its Restricted Subsidiaries that are not specifically included in the financial information furnished to the Lenders other than those that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Section 4.18Intellectual Property

Except where the failure to do so could not, taken as a whole, reasonably be expected to have a Material Adverse Effect, the Parent, the Borrowers and the other Restricted Subsidiaries own or license or otherwise have the right to use all licenses, permits, patents, patent applications, trademarks, trademark applications, service marks, trade names, copyrights, copyright applications,