第1號執行版本修正案本修正案第1號(本《協議》)於2023年5月3日由STERIS PLC(根據愛爾蘭法律成立的公共有限公司)、STERIS Limited(根據英格蘭和威爾士法律成立的私人有限公司)、STERIS Corporation、俄亥俄州的一家公司(STERIS Corporation)、STERIS愛爾蘭金融有限公司、根據愛爾蘭法律成立的上市無限公司(STERIS愛爾蘭FinCo)、以及STERIS plc、STERIS Limited和STERIS Corporation簽訂每個都是借款人)，摩根大通銀行，N.A.，作為行政代理(以該身份，“行政代理”)和每個實體作為貸款方(定義如下)。摘要鑑於借款人、不時的擔保人、不時的貸款人(“貸款人”)和行政代理是截至2021年3月19日的定期貸款協議(在本協議日期前不時修訂、修改、延長、重述、替換或補充的“信貸協議”和經本協議修訂的“經修訂的信貸協議”)的一方；鑑於信貸協議項下的若干貸款(“貸款”)產生或獲準產生利息、手續費或其他金額，利息、費用或其他金額基於洲際交易所基準管理機構根據信貸協議的條款管理的倫敦銀行間同業拆借利率；而根據第9節的規定。因此，現在，考慮到本協議所載的前提和相互契諾，併為了其他良好和有價值的代價，本協議各方同意如下：1.界定的術語。此處使用但未另有定義的大寫術語應具有經修訂的信貸協議中為此類術語提供的含義。2.對信貸協議的修訂。(A)現對《信貸協議》進行修改，以刪除刪節文本(以與以下實例相同的方式在文本上表示：刪節文本)，並增加雙下劃線文本(以與以下示例相同的方式在文本上表示：雙下劃線文本)，如本合同附件A所示。(B)在修訂生效日期，現修訂信貸協議附表二，將行政代理的通知信息替換為：摩根大通銀行，N.A.131 S迪爾伯恩街，伊利諾伊州芝加哥04樓，60603-5506 2注意：貸款和代理服務電子郵件：jpm.agency.cri@jpmgan.com代理預扣税查詢：電子郵件：Agency。Ax.reporting@jpmgan.com Agency Compliance/Financials/Intralinks：電子郵件：covenant.Compliance@jpmchee.com 3.先決條件。本協議的有效性取決於下列各項條件的滿足(所有這些條件的滿足日期，“修訂生效日期”)：(A)行政代理(或其律師)應在本協議生效之日從每一借款人、每一擔保人、每一行政代理和每一貸款人那裏收到代表該當事各方簽署的本協議副本(可包括通過傳真或其他電子傳輸方式(例如，“pdf”)交付本協議的經簽署的簽名頁)。(B)行政代理應在修訂生效日期或之前收到根據修訂信貸協議須由借款人償還的所有費用的付款，且發票已在修訂生效日期前至少兩(2)個工作日提交給借款人(包括向行政代理支付所有合理和有據可查的律師費用)。4.申述及保證。貸款當事人向行政代理聲明並保證，自修訂生效之日起。5.重申；對貸款文件的引用和效力。(A)自修訂生效日期起及之後，除文意另有所指外，信貸協議內凡提及“本協議”、“本協議”或類似含義的詞語，以及其他貸款文件中提及的“信貸協議”、“其下”、“其”或類似含義的詞語，均指經修訂信貸協議。本協議是一份貸款文件。
3(B)貸款文件和借款人在貸款文件下的義務現予批准和確認，並應根據其條款保持完全效力和效力。(C)每一貸款方(I)承認並同意本協議的所有條款和條件，(Ii)確認其在貸款文件下的所有義務，(Iii)同意本協議和所有與本協議相關的文件不起到通知或履行其在貸款文件下的義務的作用。(D)除本協議明確規定外，本協議的執行、交付和效力不應視為放棄任何貸款人或行政代理在任何貸款文件下的任何權利、權力或補救措施，也不構成對任何貸款文件任何規定的放棄。(E)如果本協議的條款與信貸協議或其他貸款文件的條款有任何衝突，應以本協議的條款為準。6.適用法律；司法管轄權；同意送達法律程序文件；放棄陪審團審訊等(A)本協定應按照紐約州的法律解釋並受其管轄，而不考慮該協定的法律衝突原則，只要該等原則會導致適用另一州的法律。(B)本合同各方在此同意信貸協議第9.15條所述的內容，如同該條已在本協議中詳細説明一樣。7.修訂；標題；可分割性。除非根據行政代理簽署的書面文件，否則不得修改本協議，也不得放棄本協議的任何規定。此處使用的章節標題僅供參考，不是本協議的一部分，不影響本協議的解釋或在解釋本協議時予以考慮。本協議的任何條款在任何司法管轄區被認定為無效、非法或不可執行，在該司法管轄區內，在該無效、非法或不可執行性範圍內無效，而不影響本協議其餘條款的有效性、合法性和可執行性，並且特定條款在特定司法管轄區的無效不應使該條款在任何其他司法管轄區失效。雙方應努力通過善意談判，將無效、非法或不可執行的規定替換為經濟效果與無效、非法或不可執行的規定儘可能接近的有效規定。8.對應方的執行。本協議可一式兩份簽署，每份副本應視為正本，但所有副本一起構成同一份文書。通過傳真、電子郵件PDF或任何其他電子方式交付本協議簽署頁的已簽署副本，以複製實際已執行簽名頁的圖像，應與交付手動簽署的本協議副本一樣有效。在與本協議和本協議擬進行的交易相關的任何文件中或與本協議相關的任何文件中或與本協議和本協議所擬進行的交易有關的詞語中，“籤立”、“簽署”、“簽署”、“交付”和“交付”一詞應被視為包括電子簽名、交付或以電子形式保存記錄，在任何適用法律(包括《聯邦全球和國家商業法》)所規定的範圍和範圍內，每一項都應與手動簽署、實際交付或使用紙質記錄保存系統具有相同的法律效力、有效性或可執行性。《紐約州電子簽名和記錄法案》，或基於《統一電子交易法案》的任何其他類似的州法律；但本條例的任何規定均不得要求行政機關在未經其事先書面同意的情況下接受任何形式或格式的電子簽名。9.通知。本合同項下的所有通知應按照信貸協議第9.02節的規定發出。10.某些現有的倫敦銀行同業拆息借款。為免生疑問及即使經修訂信貸協議有任何相反規定，在任何情況下，根據信貸協議的條款(在本修訂生效前)，在信貸協議下未償還的歐洲貨幣利率墊款可繼續未償還，直至修訂生效日期生效的適用利息期的最後一天為止，而該等歐洲貨幣利率墊款隨後可於該利息期的最後一天轉換為定期基準墊款(定義見經修訂信貸協議)。[故意將頁面的其餘部分留空]
[第1號修正案的簽名頁]本協議的每一方均已使本協議的副本在上文第一次寫明的日期正式簽署和交付。借款人和擔保人：/S/邁克爾·J.託基奇姓名：高級副總裁兼首席財務官斯特里斯有限公司，借款人和擔保人：/S/邁克爾·J.託基奇名稱：董事作為借款人和擔保人/S/邁克爾·J·託基奇姓名：邁克爾·J·託基奇名稱：高級副總裁和首席財務官斯特里斯愛爾蘭金融有限公司，借款人和擔保人：S/邁克爾·J·託維奇姓名：邁克爾·J·託維奇標題：董事[第1號修正案的簽名頁]姓名：愛德華多·洛佩茲·佩羅名稱：愛德華多·洛佩茲·佩羅標題：副總裁
[第1號修正案的簽名頁]姓名：H.希望沃克姓名：H.希望沃克標題：高級副總裁PNC銀行作為貸款人：S/約瑟夫·G·莫蘭姓名：約瑟夫·G·莫蘭標題：高級副總裁
作為貸款人的三井住友銀行名稱：S名稱：辛迪·輝標題：董事美國銀行協會作為貸款人：S/湯姆·普利德曼姓名：湯姆·普利德曼名稱：高級副總裁
貸款人：S/Li姓名：Li標題：高級副總裁作者：S/佈雷特·道格拉斯姓名：佈雷特·道格拉斯標題：高級副總裁[第1號修正案的簽名頁]關鍵銀行全國協會作為貸款人/S/艾麗莎·薩考姓名：艾麗莎·薩考標題：總裁副
[第1號修正案的簽名頁]作者：S/安德魯·賴斯姓名：安德魯·賴斯標題：副總裁[第1號修正案的簽名頁]Svenska Handelsbanken AB(Publ)，紐約分行，作為貸款人：/S/馬克·埃米特姓名：馬克·埃米特標題：副總裁作者：S/南希·德阿爾伯特姓名：南希·德阿爾伯特
第五第三銀行，全國性協會，作為貸款人/S/納撒尼爾·E·謝爾姓名：納撒尼爾·E·謝爾標題：管理董事[第1號修正案的簽名頁]多倫多道明銀行紐約分行作為貸款人/S/Mike姓名：Mike姓名：授權簽字人
作為貸款人的富國銀行N.A.作者：S/Andrea S姓名：Andrea S陳標題：管理董事[第1號修正案的簽名頁]貸款人：北方信託公司作者：S/安德魯·D·霍爾茨姓名：安德魯·D·霍爾茨
附件A(附後)執行版本執行本附件A第1號修正案的執行版本附件A截至2021年3月19日，STERIS PLC作為借款人，STERIS Limited作為借款人，STERIS Corporation作為借款人，STERIS愛爾蘭金融有限公司作為借款人，STERIS愛爾蘭金融有限公司作為借款人，各種金融機構作為貸款人，摩根大通大通銀行作為行政代理，花旗銀行，N.A.和PNC資本市場有限責任公司作為辛迪加代理桑坦德銀行和三井住友銀行作為聯合文件代理美國銀行全國協會、DNB Capital LLC和KeyBank National Association作為高級管理代理JPMorgan Chase Bank N.A.、美國銀行證券公司、花旗銀行和PNC資本市場有限責任公司作為聯合牽頭安排人和聯合簿記管理人
I目錄第I頁第I條定義和會計術語........................................................1第1.01節某些定義的術語...................................................................................1第1.02節時間段..................................................................的計算第1.03節會計術語....................................................................................第1.04節一般術語.......................................................................................3736第1.05條[已保留].................................................................................................第1.06節貨幣換算..............................................................................第3736條第1.07節...................................................................................................3736第1.08節利率；倫敦銀行間同業拆借利率基準通知.....................................3836第II條墊款的數額和條款......第3937條第2.01條提升..................................................................................................第3937條第2.02條預付款...............................................................................3937第2.03條[已保留].................................................................................................4039第2.04條[已保留].................................................................................................4139第2.05條[已保留].................................................................................................4139第2.06條費用...........................................................................................................4139第2.07條[已保留]...............。。4139第2.08條墊款的償還...............。。4139第2.09條墊款利息................4140第2.10條利率釐定..........。。4241第2.11條可選擇地轉換墊款.........................4544第2.12條可選擇預付墊款.............4544第2.13條增加的費用..................。。4645第2.14條違法行為...........................4746第2.15條付款及計算...............。4746第2.16條税項...................4847第2.17條分擔付款等................5756第2.18條收益的使用..................……5857第2.19條關於債項的證據................5857第2.20條違約貸款人...............……5857第2.21條減輕訴訟...................5958第2.22條增值税....................6059第三條生效和結束的條件.......6160第3.01節截止日期前的條件........6160第四條陳述和保證..................63第4.01條陳述及保證..........第六十三條第五條公約....................6867第5.01條肯定契諾.....................6867 II第5.02條負面公約............7271第5.03節金融契約.....................78第六條失責事件.......................7978第6.01條失責事件.................……第七十九條第七條代理人...................8180第7.01條授權及行動.................8180第7.02條個別管理代理人........81第7.03條行政代理人的職責；免責條款........8281第7.04條行政代理的信賴..........8382第7.05條職責的轉授.................8382第7.06條政務代理的辭職................83第7.07節對行政代理和其他貸款人的不信賴；確認........................84第7.08條其他代理人..............……8685第7.09條某些ERISA事宜...........第八百六十八十五條保證...................87第8.01條保證..................……87第8.02條不得終止............8887第8.03條擔保人的放棄。..........8887第8.04條代位權...............................................................................................8887第8.05條免責辯護......................................................................................88第8.06條不需要用盡其他補救辦法......8988第8.07節加速.....................................................................................暫停期89第8.08節釋放擔保..................................................................................89第8.09節保證限制....................................................................................90第九條雜項..........................................................................................9190第9.01條修訂等.....................................................................................9190第9.02條公告等...............................................................................................9291第9.03條沒有放棄；補救措施...............................................................................9493第9.04節成本和費用..................................................................................9493第9.05條抵銷權..............................................................................................96第9.06節具有約束力的..............................................................................................96第9.07節作業和參與....................................................................96第9.08節保密............................................................................................101第9.09條[已保留].............................................................................................102101第9.10節適用法律...........................................................................................第9.11節在對應..........................................................................中的執行第9.12條司法管轄權等..........................................................................................第103條第9.13條《愛國者法令公告》.......................................................................................第9.14節無諮詢或受託責任...................................................第103節第9.15節放棄陪審團審判...................................................................................第9.16節貨幣兑換...........................................................................104第9.17條[已保留] ................................................................................................... 104
第三節第9.18節承認和同意受影響金融機構的自救..................................................................................................104四附表一--承付款附表二--行政代理人辦公室；通知的某些地址附表4.01(F)-法律訴訟附表5.01(I)-關聯交易附表5.02(A)-留置權附表5.02(E)-附屬債務附表A-借款通知書表格附件B-轉讓和承兑表格附件C-1-税務符合證明表格附件C-2-税務符合證明表格附件C-3-税務符合證明表格C-4-税務符合證明表格C-4-税務符合證明表格D-保證人加入協議表格
定期貸款協議本協議日期為2021年3月19日的定期貸款協議(“本協議”)是根據愛爾蘭法律成立的公共有限公司STERIS plc(“STERIS plc”)作為借款人和擔保人，STERIS Limited(根據英格蘭和威爾士法律成立的私人有限公司，前稱STERIS plc，根據英格蘭和威爾士法律成立的公共有限公司)(“STERIS Limited”)作為借款人和擔保人，作為借款人和擔保人的俄亥俄州STERIS Corporation(“STERIS Corporation”)，作為借款人和擔保人的STERIS Limited。根據愛爾蘭法律成立的公共無限公司(“STERIS愛爾蘭金融公司”)，作為借款人和擔保人，不時作為本協議當事人的其他擔保人(定義如下)，作為本協議當事人的貸款人(定義如下)，以及作為貸款人的行政代理(連同根據第七條指定的任何繼任者)的北卡羅來納州摩根大通銀行，包括任何適用的指定附屬公司(包括但不限於摩根大通股份公司，“行政代理”)。鑑於，STERIS plc，STERIS Limited，Synergy Health Limited，一家根據英格蘭及威爾士法律成立的私人有限公司(“Synergy”)，以及STERIS Corporation(“現有定期貸款信貸協議借款人”)是該協議(經修訂、補充或以其他方式修改)的訂約方，而現有的定期貸款信貸協議借款人、擔保人、貸款人和代理方以及作為行政代理的摩根大通銀行(JPMorgan Chase Bank，N.A.)(“現有定期貸款信貸協議”)；鑑於，現有定期貸款信貸協議借款人希望全額償還和終止現有定期貸款信貸協議；鑑於借款人、貸款人和行政代理希望訂立本協議，根據該協議，貸款人將向借款人提供初始本金為550,000,000美元的定期貸款信貸安排，並受下文所述條款和條件的約束。考慮到這一點，雙方同意如下：第一條定義和會計術語第1.01節某些定義的術語。在本協議中使用的下列術語應具有以下含義(這些含義同樣適用於所定義術語的單數和複數形式)：“承認方”具有第9.18節中規定的含義。“收購”指STERIS plc根據收購協議直接或間接收購目標的所有股權。2“收購協議”指日期為2021年1月12日的STERIS plc、STERIS plc締約方的某些子公司、目標公司以及目標方的某些子公司之間的某些合併協議和計劃(由日期為2021年3月1日的協議和合並計劃的某些修正案修訂，以及由日期為2021年3月1日的合併協議和計劃的某些合併項修訂，並可能進一步修訂、修改、補充或放棄)。“調整後每日簡單RFR”指就任何RFR預付款而言，相當於(A)每日簡單RFR加(B)0.10%的年利率；但如果如此確定的調整後每日簡單RFR將低於下限，則該利率應被視為本協定的下限。“調整後期限SOFR利率”是指，就任何利息期間的任何期限基準預付款而言，相當於(A)該利息期間的期限SOFR利率加上(B)0.10%的年利率；但如果如此確定的調整後期限SOFR利率將低於下限，則該利率應被視為本協議的下限。“行政代理”具有本協議各方陳述中規定的含義。“行政代理人辦公室”是指行政代理人的地址和(如適用)附表II所列的帳户，或行政代理人可能不時通知借款人和貸款人的其他地址或帳户。“行政調查問卷”是指行政代理提供的形式的行政調查問卷。“預付款”是指根據第2.01節支付的預付款。“受影響的金融機構”指(A)任何歐洲經濟區金融機構或(B)任何英國金融機構。就任何人而言，“附屬公司”是指直接或間接控制、由該人控制或與該人共同控制的任何其他人。就本定義而言，術語“控制”(包括術語“控制”、“控制”和“受共同控制”)是指直接或間接擁有直接或間接地指導或導致指導該人的管理層和政策的權力，無論是通過擁有表決權股票、合同還是其他方式。“代理方”具有第9.02(C)節規定的含義。“代理人”統稱為行政代理人、聯合牽頭安排人、每個辛迪加代理人、每個共同文件代理人和每個高級管理代理人。“協議”具有本協議導言中規定的含義。“協議貨幣”的含義見第9.16節。
39根據本協定要求提交的財務數據(包括財務計算)應按照美國不時實行的公認會計原則(“公認會計原則”)編制；但在截止日期後的任何時間，借款人可選擇採用IFRS會計原則代替GAAP，並且在任何此類選擇後，本協議中對GAAP的提及此後應解釋為指IFRS，但本協議中要求在借款人選擇應用IFRS之前結束的財政季度內應用GAAP的任何計算或確定應保持先前根據GAAP計算或確定的方式(雙方同意應解釋本協議中使用的所有會計或財務性質的術語，並對本協議中提及的金額和比率進行所有計算)。在不實施(I)根據會計準則彙編825-10-25(以前稱為財務會計準則第159號聲明)(或具有類似結果或效果的任何其他會計準則編纂或財務會計準則)下的任何選擇，將借款人或任何附屬公司的任何債務或其他負債按其中定義的“公允價值”估值，以及(Ii)根據會計準則編纂470-20或2015-03(或具有類似結果或效果的任何其他會計準則編纂或財務會計準則)對可轉換債務工具的任何處理，以其中所述的遞減或分叉方式對任何此類債務進行估值，而該等債項的估值在任何時間均須為該債項的全數述明本金)。如果在任何時候，GAAP的任何變化(包括借款人選擇適用IFRS的結果)將影響本文所述任何契約的計算，並且借款人或所需的貸款人提出要求，行政代理、貸款人和借款人應本着誠意進行談判，以根據GAAP的這種變化修改該契約，以保留其原意(須經所需的貸款人批准)；但在作出上述修訂前，(I)該契諾應繼續按照該變更前的公認會計原則計算，及(Ii)借款人應在提交與該契諾有關的任何財務報表或報告的同時，向行政代理及貸款人提供一份報表，列明在實施該GAAP變更之前及之後對該契諾所作的計算之間的對賬。儘管GAAP或IFRS有任何變更，或借款人選擇應用IFRS會計準則來替代GAAP，但在2018年2月12日被或將被描述為根據GAAP的經營租賃債務的任何債務(不論該等經營租賃債務在該日期是否有效)，就本協議而言應繼續被視為經營租賃債務，而不論GAAP或IFRS的任何變更，或借款人選擇應用IFRS會計準則來替代GAAP。第1.04節一般術語。本協議中術語的定義應同樣適用於所定義術語的單數和複數形式。只要上下文需要，任何代詞都應包括相應的陽性、陰性和中性形式。“包括”、“包括”和“包括”應被視為後跟“但不限於”一詞。“遺囑”一詞應被解釋為與“應當”一詞具有相同的含義和效力。除文意另有所指外，(A)本協議、文書或其他文件的任何定義或所指，須解釋為指經不時修訂、重述、補充或以其他方式修改的該等協議、文書或其他文件(但須受本條例所載對此等修訂、重述、補充或修改的任何限制所規限)，(B)任何法規、規則或規例的任何定義或對其的任何提及，須解釋為指不時經修訂、補充或以其他方式修改(包括由一系列可比的繼承法修訂)的協議、文書或其他文件，(C)本協議中對任何人的任何提及應解釋為包括此人的繼任者和受讓人(受本協議規定的任何轉讓限制的約束)和(D)“本協議”、“本協議”和“本協議之下”以及類似含義的詞語應被解釋為指本協議的全部內容，而不是本協議的任何特定條款。本文中提及的任何“書寫”包括遠程複印機或其他電子通信。第1.05節
已保留[。第1.06節貨幣換算。為確定是否符合第V條(第5.03節除外，應根據用於編制與該測試日期有關的適用財務報表的外匯匯率)和第VI條的規定，就美元以外的任何金額而言，金額應被視為在發生或處置該等金額或作出該等未能支付的判決或命令之日前三個工作日內，按該貨幣對美元的有效即期匯率確定的美元等值金額。第1.07節劃分。就貸款文件下的所有目的而言，與特拉華州法律(或不同司法管轄區法律下的任何類似事件)下的任何分割或分割計劃有關：(A)如果任何人的任何資產、權利、義務或債務成為另一人的資產、權利、義務或債務，則應被視為已從原始人轉移到後繼人，以及(B)如果有任何新人存在，該新人應被視為在其存在的第一天由當時其股權持有人組織和收購。第1.08節利率；LIBORBenchmark通知。歐洲貨幣利率墊款的利率是參考倫敦銀行同業拆息(LIBOR)得出的LIBO利率而釐定的。倫敦銀行間同業拆借利率旨在代表提供貸款的銀行在倫敦銀行間市場上相互獲得短期借款的利率。2021年3月5日，英國金融市場行為監管局(FCA)公開宣佈：(A)在2021年12月31日之後，立即公佈所有7個歐元LIBOR設置，所有7個瑞士法郎LIBOR設置，下一個即期、1周、2個月和12個月日元LIBOR設置，隔夜、1周、2個月和12個月英鎊LIBOR設置，以及1周和2個月美元LIBOR設置將永久停止；2023年6月30日之後，隔夜和12個月美元LIBOR設置的發佈將永久停止；2021年12月31日之後，1個月、3個月和6個月日元LIBOR設置和1個月、3個月和6個月英鎊LIBOR設置將停止提供，或在FCA諮詢後，在改變方法(或“合成”)的基礎上提供，不再代表它們打算衡量的基本市場和經濟現實，代表性將不會恢復；2023年6月30日之後，將立即停止提供1個月、3個月和6個月美元LIBOR設定，或根據FCA對此案的考慮，在綜合基礎上提供，不再代表它們打算衡量的基礎市場和經濟現實，這種代表性將不會恢復。不能保證FCA宣佈的日期不會改變，也不能保證LIBOR的管理人和/或監管機構不會採取可能影響可用性的進一步行動，]41倫敦銀行同業拆借利率的構成或特徵，或發佈倫敦銀行同業拆借利率的貨幣和/或期限。本協議的每一方應諮詢其各自的顧問，以隨時瞭解任何此類事態發展。目前，公共和私營部門的行業舉措正在進行，以確定新的或替代參考利率，以取代倫敦銀行間同業拆借利率。利率基準可能是或未來可能成為監管改革的主題。監管機構已經表示，需要對其中一些利率基準使用替代基準參考利率，因此，這些利率基準可能不再符合適用的法律和法規，可能永久停產，和/或計算基準可能會改變。在發生基準轉換事件、期限SOFR轉換事件或提前選擇加入選舉時，第2.10節為基準轉換事件、期限轉換事件或早期選擇加入選舉提供了確定替代利率的機制。行政代理將根據第2.10節的規定，及時通知借款人歐洲貨幣利率Term基準預付款利率所依據的參考利率的任何變化。然而，行政代理不保證、不承擔任何責任，也不承擔任何責任，也不承擔任何與“LIBO利率”定義中的LIBOR或其他利率有關的管理、提交、履行或任何其他事宜，或本協議中使用的任何利率，或其任何替代利率或後續利率，或每日簡單SOFR，或其替換利率(包括但不限於，(I)根據第2條實施的任何此類替代利率、後續利率或替換利率)。10)，包括但不限於，任何該等替代、繼任或替代參考利率的組成或特徵是否會與被取代的倫敦銀行間同業拆息相似或產生相同的價值或經濟等價性，或具有與倫敦銀行同業拆息在任何現有利率停止或不可用之前提供的相同數量或流動性。行政代理及其附屬公司和/或其他相關實體可參與影響本協議中使用的任何利率或任何替代、後續或替代利率(包括任何基準替代)和/或任何相關調整的計算的交易，在每種情況下，都可能以對借款人不利的方式進行。行政代理可根據本協議的條款選擇合理的信息來源或服務，以確定本協議中使用的任何利率、其任何組成部分或其定義中引用的利率，並且不對借款人、任何貸款人或任何其他個人或實體承擔任何類型的損害責任，包括直接或間接、特殊、懲罰性、附帶或後果性損害、成本、損失或支出(無論是在侵權、合同或其他方面，也無論是在法律上還是在衡平法上)，對於任何此類信息來源或服務提供的任何此類利率(或其組成部分)的任何錯誤或計算，行政代理不承擔任何責任。第二條墊款的數額和條款第2.01款墊款。只有在符合第3節規定的條件的情況下。貸款人一旦作出任何墊款，貸款人的承諾額將永久減去該項墊款的本金總額。根據本第2款借入的預付款。01且預付或償還不得轉借。第2.02節預付款。(A)每次借款應由借款人在(1)擬借款日期之前的第三個美國政府證券營業日(如借款由歐洲貨幣利率Term基準墊款或(2)擬借款日期(如借款由基本利率墊款組成))在上午11：30(紐約市時間)之前通知行政代理，行政代理應通過電傳或其他電子通信將有關通知迅速通知各貸款人。每份借款通知(“借款通知”)均須以書面或電話發出，如以電話方式發出，則須立即以書面形式確認，包括以傳真(或其他電子通訊)以實質上以附件A的形式簽署，並由負責人員簽署，並在其中指明適用借款人的身分及所要求的(I)借款日期(應為營業日)、(Ii)包括借款的預付款類型、(Iii)借款總額、(Iv)借款的初始利息期(如借款由歐洲貨幣利率期限基準墊款組成)，(V)將借款收益貸記貸方的指示(適用的賬户細節應或已經以書面形式提供給行政代理)和(Vi)該通知是否以任何事件的發生為條件，如果該通知是有條件的，則對該事件的描述(有一項理解是，如果該條件不滿足，則該借款人可撤銷該通知)。每家貸款人應在下午1：30之前在行政代理收到此類資金並滿足第三條規定的適用條件後，行政代理應在適用借款通知交付之日或之前(或行政代理同意的較晚時間)，以借款人指定的即時可用資金形式向行政代理提供此類資金，並向行政代理提交簽署的書面文件。(B)儘管第2.02(A)節有任何相反規定，(I)如果貸款人根據第2.10或2.14節和歐洲貨幣利率暫停提供歐洲貨幣利率術語基準墊款的義務，則借款人不得選擇歐洲貨幣利率術語基準墊款；(Ii)根據第2.10節的規定，墊款應被要求作為定期基準墊款或基準利率墊款維持，以及(Iii)定期基準墊款不得作為超過十筆單獨借款的一部分未償還。(C)每份借款通知對適用的借款人具有約束力。在相關借款通知規定的任何借款由歐洲貨幣利率術語基準墊款組成的情況下，適用的借款人應賠償每一貸款人由於未能在借款通知中規定的日期或之前履行第3.01節規定的適用條件而發生的任何合理損失、成本或費用，包括但不限於因清算或重新使用貸款人為墊款而獲得的存款或其他資金而發生的任何合理損失、成本或費用。
43如因上述不履行而導致該筆墊款不是在該日期作出，則該貸款人作為該借款的一部分而作出的貸款。(D)除非行政代理在任何借款發生前收到貸款人的通知，表示該貸款人將不會向行政代理提供該貸款人的應評税部分，否則行政代理可假定該貸款人已根據第2.02(A)條在借款之日向行政代理提供該部分，行政代理可根據這一假設，在該日期向適用的借款人提供相應的金額。如任何貸款人並未如此向行政代理人提供該應評税部分，則該貸款人及適用的借款人分別同意應要求立即向行政代理人支付或償還該相應款額，並就自向該借款人提供該款額至該款額獲支付或償還給該行政代理人為止的每一天支付利息，以(I)就適用借款人而言，以(A)當時適用於包括該借款的墊款的利率及(B)該行政代理人就該款額而招致的資金成本，以較高者為準，以及(Ii)就此類貸款人而言，以聯邦基金NYFRB利率和行政代理根據銀行業同業薪酬規則確定的利率中的較大者為準。如果借款人和貸款人應向行政代理支付相同或重疊期間的利息，行政代理應立即將借款人在該期間支付的利息金額匯給該借款人。如果貸款人向行政代理支付相應的本金，則就本協議的所有目的而言，該金額應構成貸款人的預付款，作為借款的一部分。借款人的任何付款不應影響該借款人對貸款人未能向行政代理付款的任何索賠。(E)任何貸款人如沒有提供作為借款一部分的墊款，並不解除任何其他貸款人根據本條例須在借款當日墊款的義務(如有的話)，但任何其他貸款人如沒有在借款當日墊款，則無須對此負責。(F)如果任何出借人向行政代理機構提供資金，用於該出借人在本協議中規定的任何墊款，而行政代理機構由於借款條件未得到滿足或根據本協議條款被免除而無法向適用的借款人提供此類資金，則行政代理機構應立即將此類資金(與從該出借人收到的資金相同)退還給該出借人，不計利息。第2.03節
已保留
。第2.04節
已保留
。第2.05節
已保留
。第2.06條費用。報告實體應向行政代理、聯合牽頭安排人及貸款人支付或安排向其賬户(或其44個適用聯營公司的賬户)支付綜合集團任何成員與行政代理、聯合牽頭安排人及/或貸款人不時議定的費用，包括(為免生疑問)根據收費函件而釐定的費用。第2.07節
已保留
。第2.08節墊款的償還。為了貸款人的利益，每個借款人應在報告實體每個會計季度的最後一個營業日(從截止日期後結束的第一個完整的會計季度開始)，直至到期日(包括到期日)，償還相當於(X)該借款人在截止日期未償還的預付款本金金額和(Y)相對於每個適用會計季度的百分比的本金，如下所述：截至到期日應足額支付的預付款餘額：截止日期後截止的報告實體的第一個完整會計季度至截止日期後截止的報告實體第四個完整會計季度(包括該季度)的百分比從截止日期後結束的報告實體的第五個完整會計季度至截止日期後的第十二個完整會計季度(包括該第12個完整會計季度)的百分比1.25%來自報告實體在截止日期後結束的第十三個完整會計季度的1.25%以及此後的1.875%2.09部分的預付款利息。(A)表列權益。每一借款人應就每筆墊款的未付本金支付利息，從墊款之日起至付清本金為止，按下列年利率計算：(1)基本利率墊款。在該等期間為基本利率墊款期間，年利率在任何時候均等於(A)不時生效的基本利率和(B)適用保證金的總和，在該等期間及該等墊款全額支付之日，於每年3月、6月、9月及12月的最後一個營業日每季度以欠款形式支付。(2)歐洲貨幣匯率Term基準預付款。在這樣的期間內，這種墊付是歐洲貨幣利率術語的基準墊付，在這種墊付的每個利息期間的任何時候，年利率都等於(A)的總和
45歐洲貨幣該利息期間的調整期限SOFR利率，以及(B)適用的保證金，應在該利息期間的最後一天支付，如果該利息期間的持續時間超過三個月，則在該利息期間內的每三個月內發生的每一天，自該利息期間的第一天起每三個月支付一次，並在該歐洲貨幣利率期限基準墊款被轉換或全額支付之日。(3)RFR預付款。每筆RFR預付款應按相當於調整後每日簡單RFR加適用保證金的年利率計息，在該預付款的每個RFR利息支付日以拖欠形式支付。(B)違約利息。根據第6.01(A)節的規定，在違約事件發生並持續期間，行政代理應應所需貸款人的請求，要求每個借款人支付利息(“違約利息”)，該利息應自違約事件發生之日起累加：(I)借款人逾期未付的款項，應在第2.09(A)(I)節或第2.09(A)(Ii)或2.09(A)(Iii)節所指的日期支付；根據第2.09(A)(I)或2.09(A)(Ii)或2.09(A)(Ii)或2.09(A)(Iii)及(Ii)條規定須就該逾期款項支付的年利率，按年利率計算，在法律允許的最大範圍內，該借款人根據本協議須支付的任何利息、手續費或其他款項到期時仍未支付的款額，自該款額到期之日起計算，直至該款額須全數支付為止，並於該款額應於要求時全數支付之日起支付。根據第2.09(A)(I)節的規定，根據第2.09(A)(I)節的規定，借款人賬户的基本利率墊款的年利率在任何時候都高於2%的年利率，但在根據第6.01節加快向借款人賬户支付墊款後，違約利息應在本協議項下產生並支付，無論行政代理以前是否要求如此。第2.10節利率決定。(A)除第2.10節(E)至(H)條款另有規定外，行政代理應立即將行政代理為第2.09(A)(I)或2.09(A)(Ii)或2.09(A)(Iii)節的目的而確定的適用利率通知適用的借款人和貸款人。(B)如果就任何歐洲貨幣利率期限基準預付款而言，(I)行政代理應已確定(該確定應是決定性的，且在沒有可證明錯誤的情況下具有約束力)不存在確定調整後期限SOFR利率的足夠和合理的手段(包括但不限於通過內插利率，或因為Libo ScreenTerm Sofr參考利率不可用或未在當前基礎上公佈)，不存在用於確定該利率期間的LiBO利率；但此時不會發生基準轉換事件，或(Ii)被要求的貸款人通知管理代理：(X)在進行借款前的第二個營業日上午11點左右(倫敦時間)，他們無法在倫敦銀行間市場獲得匹配的存款，其數額足以在利息期間為各自的墊款提供資金，作為該借款的一部分，或(Y)任何一年的Libo利率該等墊款的調整後期限SOFR利率將不能充分和公平地反映所需貸款人的貸款成本，(A)在行政代理通知適用借款人和貸款人導致暫停的情況不再存在之前，借款人應在當時現有利息期間的最後一天(或如果該日不是營業日，則在下一個營業日)，(X)預付該預付款，或(Y)將該預付款轉換為基本利率預付款，以及(B)貸款人有義務支付預付款或將其轉換為：歐洲貨幣利率Term基準墊款將暫停，直到行政代理通知適用的借款人和貸款人導致暫停的情況不再存在。(C)如果借款人沒有按照第1.01節“利息期”定義中的規定為向借款人提供的任何歐洲貨幣利率術語基準墊款選擇任何利息期限，行政代理機構將立即通知借款人和貸款人，該歐洲貨幣利率術語基準墊款將在當時現有利息期限的最後一天自動繼續，作為歐洲貨幣利率術語基準墊款的一個月的利息期限。(D)
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如果對於任何RFR墊款，(I)行政代理應在任何時間確定(該確定應是決定性的，且在沒有可證明錯誤的情況下具有約束力)，不存在足夠和合理的方法來確定調整後的每日簡易RFR或每日簡易RFR，或者(Ii)所需貸款人通知行政代理，在任何時候，調整後的每日簡易RFR將不能充分和公平地反映該等貸款人支付或維持其RFR墊款的成本，則行政代理應立即通知適用的借款人和貸款人，在(X)行政代理通知適用的借款人和貸款人引起該通知的情況不再存在且(Y)適用的借款人遞交了新的借款通知(或轉換或繼續的通知，視情況而定)之前，任何借款通知(或轉換或繼續的通知，視情況而定)要求進行RFR借用，或將任何借款轉換為RFR借款，或將任何借款轉換為RFR借款，或此外，如果任何RFR預付款在借款人收到第2.10(D)節所指的行政代理的通知之日仍未支付，則自該通知之日起至(X)行政代理通知適用的借款人和貸款人，就相關基準而言，導致該通知的情況不再存在，以及(Y)適用的借款人根據第2.02節的條款交付新的借款通知(或轉換或延續通知，視情況而定)，任何RFR預付款應轉換為基本利率預付款。(E)儘管本合同或任何其他貸款文件有任何相反的規定，但如果基準轉換事件或提前選擇參加選舉(視情況而定)及其相關基準更換日期發生在基準時間之前，則(X)如果基準更換日期是按照基準更換日期的“基準更換”定義第(1)或(2)款確定的，則該基準更換將在本合同項下和任何貸款文件下就該基準設定和隨後的基準設定進行更換，而不作任何修改。或本協議或任何其他貸款文件的任何其他當事方的進一步行動或同意，以及(Y)如果根據基準替換日期的“基準替換”定義第(3)款確定了基準替換，則該基準替換將替換該基準
47就本協議和任何貸款文件項下與下午5：00或之後的任何基準設置有關的所有目的而言，(紐約市時間)在基準更換之日後的第五個(5)工作日，只要行政代理尚未收到由所需貸款人組成的貸款人發出的反對基準更換的書面通知，則在不對本協議或任何其他貸款文件進行任何修改、採取進一步行動或同意的情況下，將向貸款人提供通知。(F)在實施基準替換時，行政代理將有權不時進行符合更改的基準替換，並且，即使本協議或任何其他貸款文件中有任何相反規定，實施該基準替換符合更改的任何修訂都將生效，而無需本協議或任何其他貸款文件的任何其他各方的進一步行動或同意。(G)行政代理將及時通知借款人和貸款人：(I)基準過渡事件、期限SOFR過渡事件或提前選擇(視情況而定)及其相關基準更換日期的任何發生，(Ii)任何基準更換的實施，(Iii)任何符合變更的基準更換的有效性，(Iv)根據下文(I)段移除或恢復基準的任何期限，以及(V)任何基準不可用期間的開始或結束。行政代理或貸款人根據第2.10節可能作出的任何決定、決定或選擇，包括關於期限、利率或調整、事件、情況或日期的發生或不發生的任何決定，以及採取或不採取任何行動的任何決定，將是決定性的和具有約束力的，且無明顯錯誤，且可憑其合理酌情權作出，且無需徵得本合同任何其他方的同意，但根據第2.10節明確要求的情況除外。(H)儘管本協議或任何其他貸款文件中有任何相反規定，並在符合本款下文但書的情況下，如果就當時現行基準的任何設定而言，期限SOFR過渡事件及其相關基準更換日期發生在參考時間之前，則適用的基準更換將為本協議項下或任何貸款文件項下關於該基準設定及隨後的基準設定的所有目的取代當時的基準，而不對本協議或任何其他貸款文件作出任何修正，或對本協議或任何其他貸款文件採取進一步行動或同意；但除非行政代理已向出借人和借款人遞交定期SOFR通知，否則(H)款無效。
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。(I)即使本協議或任何其他貸款文件有任何相反規定，在任何時候(包括在實施基準替代時)，(I)如果當時的基準是定期利率(包括經調整的期限SOFR或LIBO利率)，並且(A)該基準的任何基調沒有顯示在屏幕上或發佈由行政代理以其合理的酌情決定權不時選擇的該利率的其他信息服務，或(B)該基準的管理人的監管監管者已提供公開聲明或信息發佈，宣佈該基準的任何基調具有或將不再具有代表性，則管理代理可以在該時間或之後將任何基準設置的定義修改為48刪除這種不可用或不具有代表性的基調，以及(Ii)如果根據上述第(I)款被移除的基調隨後被顯示在屏幕或基準的信息服務上(包括基準替換)，或者(B)不再或不再受其代表基準(包括基準替換)的公告的約束，則管理代理可以在該時間或之後修改所有基準設置的“利息期限”的定義，以恢復該先前移除的期限。(J)在任何借款人收到基準不可用期間開始的通知後，(I)該借款人可撤銷在任何基準不可用期間轉換或延續歐洲貨幣利率Term基準墊款的任何請求，否則，該借款人將被視為已將任何此類請求轉換為基準利率墊款的請求，且(Ii)該借款人可撤銷在任何基準不可用期間轉換、轉換或延續RFR墊款的任何請求，該借款人將被視為已將任何此類請求轉換為轉換為基本利率預付款的請求。在任何基準不可用期間或在當時基準的基期不是可用的基期的任何時間，基於當時基準的基本利率的組成部分或該基準的該基期(視情況而定)將不會用於任何基本利率的確定。此外，如果在任何借款人收到關於該歐洲貨幣匯率的基準不可用期間開始的通知之日，任何歐洲貨幣期限基準預付款或RFR預付款仍未清償，則在(A)對於任何期限基準預付款，在適用於該預付款的利息期的最後一天(或如果該日不是營業日的下一個營業日)，該預付款應由行政代理轉換為基本利率預付款，並構成基準利率預付款和(B)對於任何RFR預付款，這類墊款應轉換為基本利率墊款。(K)在任何違約事件發生和持續期間，在所需貸款人書面選擇後，(I)每筆歐洲貨幣利率期限基準墊款將在當時現有利息期間的最後一天轉換為基礎利率墊款，以及(Ii)貸款人支付墊款或將墊款轉換為歐洲貨幣利率期限基準墊款的義務應暫停。第2.11節預付款的可選轉換。借款人可在任何營業日，在不遲於建議轉換日期前第三個營業日上午10：00(紐約市時間)前(或如轉換為基本利率墊款，則為提前一個營業日)通知行政代理，並在符合第2.02(B)(Ii)、2.10和2.14節的規定下，將向借款人作出的一種類型的墊款轉換為另一種類型的墊款；然而，如果將歐洲貨幣利率期限基準墊款轉換為基準利率墊款的日期不是在該歐洲貨幣利率期限基準墊款的利息期的最後一天，則應按照第9.04(C)節的規定繳納任何欠款，將基準利率墊款轉換為歐洲貨幣利率期限基準墊款的任何金額應為適用的最低金額，任何墊款的轉換不得導致超過第2.02(B)節所允許的單獨借款。在上述規定的限制範圍內，每份此類轉換通知應指明(I)轉換日期(應為業務
49天)，(Ii)要轉換的墊款，以及(Iii)如果此類轉換為歐洲貨幣利率Term基準墊款，則每筆此類墊款的初始利息期限。每份轉換通知都是不可撤銷的，並對發出該通知的適用借款人具有約束力。第2.12節可選擇預付預付款。(A)借款人在向行政代理人發出書面通知，述明建議的提前還款日期和本金總額後，(I)在不遲於建議提前還款的日期(該日期為營業日)上午10時(紐約市時間)內發出通知，如借款由基本利率墊款組成，及(Ii)在不遲於建議提前還款的日期(該日期為營業日)前兩個營業日的上午10時(紐約市時間)發出通知，對於由歐洲貨幣利率術語基準墊款組成的借款，以及(Iii)在該提議的預付款日期(該日期應為營業日)之前至少五個營業日之前(紐約市時間)提供的借款，如果是由歐洲貨幣利率術語基準墊款組成的借款，並且如果發出了這樣的通知，則借款人應全部或按比例提前償還構成同一借款的一部分的墊款的未償還本金，如果是任何歐洲貨幣利率術語基準墊款或RFR墊款，連同預付本金截至預付款之日的應計利息；但是，如果(I)每筆預付款的本金總額應為適用的最低金額，以及(Ii)如果任何歐洲貨幣利率術語基準預付款是在該歐洲貨幣利率術語基準預付款的利息期間的最後一天以外的日期支付的，則借款人也應根據第9.04(C)節支付任何欠款，以及(Iii)如果任何RFR預付款是在適用的RFR利息支付日期以外的日期支付的，則借款人還應根據第9.04(D)節支付任何欠款；並進一步規定，除緊接的但書第(Ii)款另有規定外，任何該等通知可述明該通知須以其他信貸安排的效力或某項特定交易的完成為條件，而在此情況下，如該條件不獲符合，則該借款人可撤銷該通知。(B)
已保留[。(C)根據第2.12節規定的所有預付款將不收取保險費或違約金，但對貸款人在歐洲貨幣匯率情況下發生的違約費用的補償除外。第2.13節增加了成本。(A)如由於(I)任何法律或規例的引入或任何解釋上的任何改變，或(Ii)任何中央銀行或其他政府當局，包括但不限於任何歐洲聯盟的任何機構或相類似的貨幣或跨國當局(不論是否具有法律效力)的任何指令、指引或要求的遵從，在本條例生效日期後的每一種情況下(或就任何貸款人(或行政代理人)而言，如較遲，則為該貸款人(或行政代理人)成為貸款人(或行政代理人，視何者適用而定)的日期，任何貸款人或行政代理人同意支付或支付、提供資金或維持墊款的成本應有任何增加(就本第2.13節而言，不包括因(I)該貸款人根據第50條第2.16條獲得賠償的税項，(Ii)不含税或(Iii)其他税項)而增加的任何此類費用，則報告實體應應該貸款人或行政代理人的要求(如適用，應向行政代理人提供此類要求的副本)，為貸款人的賬户(或其自己的賬户，如適用)向行政代理支付或導致支付足以補償該貸款人或行政代理所增加的費用的額外金額。向報告實體提交的合理詳細説明這種增加的費用的證書，在任何情況下都應是決定性的和具有約束力的，沒有明顯的錯誤。(B)如任何貸款人合理地裁定遵從任何法律或規例或任何中央銀行或其他政府主管當局(包括但不限於歐洲聯盟的任何機構或相類的貨幣或跨國主管當局(不論是否具有法律效力)的任何指示、指引或要求的遵從，在每一情況下均在本條例生效日期後(或就任何貸款人而言，如較遲，則為該貸款人成為貸款人的日期，則指該貸款人成為貸款人的日期)而影響或會影響該貸款人或控制該貸款人的任何法團所規定或預期須維持的資本、保險或流動資金的款額，保險或流動資金是由於或基於該貸款人在本合同項下的放貸承諾(或任何參與)以及其他此類承諾的存在而增加的，適用的借款人應應該貸款人的要求(連同該要求的副本給行政代理)，不時為該貸款人的賬户向行政代理支付足以補償該貸款人或該公司的額外金額，只要該貸款人合理地確定該增加的資本、保險或流動資金可分配給該貸款人的墊款、在本合同項下放貸的承諾。貸款人向借款人和行政代理提交的關於此類金額的證明，在任何情況下都是決定性的和具有約束力的，沒有明顯的錯誤。(C)即使本第2.13節有任何相反規定，就本第2.13節而言，(A)《多德-弗蘭克華爾街改革和消費者保護法》和根據該法案發布的規則和條例，或與之相關或在其實施過程中發佈的規則和條例，以及(B)國際清算銀行、巴塞爾銀行監管委員會(或任何類似或後續機構，或美國或外國監管機構，在每種情況下，根據巴塞爾協議III)發佈的所有請求、規則、指導方針和指示，應被視為在本協議日期之後頒佈(或關於任何貸款人，如果晚些時候，貸款人成為貸款人的日期)；但任何貸款人不得根據第2.13(C)節的規定要求賠償，除非該貸款人在該貸款人為當事一方的類似信貸安排中對處境相似的借款人提出相應的要求。第2.14節違法。儘管本協議有任何其他規定，對於墊款，(A)如果任何貸款人應通知行政代理，任何法律或法規的引入或任何解釋的任何變化使其違法，或任何中央銀行或其他政府當局，包括但不限於歐盟的任何機構或類似的貨幣或跨國當局，聲稱該貸款人或其歐洲貨幣適用貸款辦公室履行本協議項下的義務，使歐洲貨幣利率術語基準墊款或為本協議項下的歐洲貨幣利率術語基準墊款提供資金或維持，(I)該貸款人的每個歐洲貨幣利率Term基準墊款將自動在此類通知後，被轉換為基本費率預付款]51和(Ii)貸款人提供歐洲貨幣利率術語基準墊款或將墊款轉換為歐洲貨幣利率術語基準墊款的義務應暫停，直到行政代理通知借款人和貸款人導致暫停的情況不再存在，以及(B)如果第(A)款所述的情況已經發生，並且如果組成所需貸款人的貸款人通知行政代理，(I)每個貸款人的每個歐洲貨幣利率術語基準墊款將在接到通知後自動(Ii)每個貸款人提供歐洲貨幣利率術語基準墊款或將墊款轉換為歐洲貨幣利率術語基準墊款的義務應暫停，直到行政代理通知借款人和每一貸款人導致暫停的情況不再存在為止。第2.15節付款和計算。(A)每一借款人應在不遲於當天下午3：00(紐約市時間)向行政代理人辦公室的行政代理人以當天的資金以美元支付其根據本協議應支付的每筆款項。此後，行政代理應立即將與按比例向貸款人支付本金或利息或費用(根據第2.02(C)、2.13、2.14、2.16、2.17或9.04(C)或9.04(D)條應支付的金額除外)的類似資金分配到貸款人各自適用的放貸辦事處的賬户，以及與向貸款人支付任何其他應付給貸款人的任何其他款項有關的類似資金將根據本協議的條款分配給貸款人。07(F)條規定，自該轉讓和承兑規定的生效日期起及之後，行政代理應根據本協議向轉讓人支付在轉讓生效日期前但不包括在內的應計利息，並向受讓人支付自該轉讓生效日期起及之後累計的所有款項。借款人支付的所有款項應無條件地用於任何反索賠、抗辯、補償或抵銷。(B)每名借款人現授權每名貸款人，如該借款人欠該貸款人的款項在根據本條例到期時仍未支付，則除非該借款人與該貸款人另有協議，否則可不時從該借款人在該貸款人的任何或所有賬户中扣除任何如此到期應付的款額。(C)當基本利率以“最優惠利率”為基礎時，所有以基本利率為基礎的利息計算應由行政機構以365天或366天(視屬何情況而定)的一年為基礎進行，而所有其他以基本利率為基礎的利息計算和所有基於Libo利率或期限SOFR、每日簡單SOFR、聯邦基金利率或NYFRB利率的利息計算應由行政機構以360天的一年為基礎進行，在每種情況下，須支付該等利息或該等費用的期間內的實際日數(包括首日但不包括最後一天)。行政代理對本協議項下利率的每一次決定，在任何情況下都應是決定性的和具有約束力的，沒有明顯的錯誤。(D)凡本協議項下的任何付款須於下一個營業日以外的某一天支付，該付款須於下一個營業日支付，而在此情況下，有關時間的延長應計入支付利息或承諾費(視屬何情況而定)的計算內；但如延期會導致須在下一個歷月支付歐洲貨幣利率Term基準墊款的利息或本金，則該項付款應於緊接下一個營業日支付。(E)除非行政代理在根據本合同向貸款人支付任何款項的日期之前收到借款人的書面通知，表示該借款人將不會全額付款，否則行政代理可假定借款人已在該日期向行政代理全額付款，行政代理可根據這一假設，安排在該到期日向每一貸款人分發一筆相當於該貸款人當時到期的金額的款項。如果借款人沒有向行政代理全額付款，則在收到通知後，每一貸款人應應要求立即向行政代理償還該金額及其利息，自該金額分配給該貸款人之日起至該貸款人向該行政代理償還該金額之日起的每一天，按聯邦FundsNYFRB利率計算。第2.16節税項。(A)任何貸款方或代表貸款方根據任何貸款文件承擔的任何義務所作的任何及所有付款，均須免收及清楚扣除任何及所有現有或將來的税項，但就每名貸款人及每名代理人而言，不包括(I)對其整體淨收入(不論面額如何)、特許經營税及分行利得税徵收(或以其計算)的税項，但每種情況只限於該貸款人或該代理人(視屬何情況而定)所屬的司法管轄區(或其任何政治分部)所施加的範圍，由該貸款人的適用放款辦事處或該貸款人或該代理人的主要辦事處的司法管轄權(或其任何政治分部)，或由於該貸款人或該代理人與徵收該税的司法管轄權之間現時或以前的聯繫所致(但因該貸款人或該代理人已籤立、交付、成為當事人、根據任何貸款文件收取款項、收取或完善擔保權益、根據任何貸款文件或強制執行任何其他交易、或出售或轉讓任何預付款或貸款文件的權益而產生的聯繫除外)，(Ii)美國對任何貸款方向任何貸款人付款徵收的備用預扣税，(Iii)由於該受款人未能遵守第2.16(F)條而徵收的任何税款，(Iv)任何美國16，以及(V)根據FATCA徵收的任何税款，包括由於收款人未能遵守第2.16(F)(Iii)節(以下稱為“除外税”)而徵收的任何税款(與任何貸款文件下的付款有關的所有此等不包括的税)。如果適用法律要求適用的扣繳義務人從根據任何貸款文件應支付給任何貸款人或任何
53扣繳義務人，(A)適用扣繳義務人應作出該等扣減，及(B)適用扣繳義務人應根據適用法律向有關税務機關或其他機關繳足已扣減之款項。如果適用法律要求貸款方從根據任何貸款文件支付給任何貸款人或任何代理人的任何款項中或就該款項扣除任何税項(除(I)需要通過減税方式扣除的税款(在這種情況下，第2.16(G)節和第2.16(H)節的規定適用)或(Ii)不含税項)，則適用貸款方應支付的金額應按需要增加，以便在進行所有必要的扣除(包括適用於根據本第2.16節應支付的額外金額的扣除)後，該貸款人或該代理人(視情況而定)收到的數額相當於如果沒有這樣的扣除，它將收到的金額。(B)此外，在不重複本第2.16節規定的任何其他義務的情況下，報告實體應或應促使適用的借款方向有關政府當局支付因其根據任何貸款文件支付的任何款項，或由於任何貸款文件的籤立、交付、履行或登記或其他方面而產生的任何現有或未來的印花、法院或單據、無形、記錄、檔案税和任何其他類似税項，但此類税項為就銷售徵收的其他關聯税的範圍除外。轉讓或指定新的適用放款辦公室(根據第2.21條作出的轉讓或指定除外)(下稱“其他税”)。(C)不與本第2款規定的任何其他義務重複。16(G)或本應得到如此補償，但不完全是因為第2.16(G)(Iv)節中的一項排除適用，(Ii)愛爾蘭立法徵收的預扣税，可通過根據第2.16(H)條增加支付來補償，或本應如此補償，但不完全是因為第2.16(H)(Iv)條中的一項排除適用，(Iii)任何不包括的税或(Iv)為免生疑問，任何通過根據第2.16(A)條增加支付而補償的税項，以及對以下項目徵收的其他税項，由該貸款人或該代理人(視屬何情況而定)就向任何貸款方作出的墊款而支付或支付，以及因此而產生或與之有關的任何法律責任(包括但不限於罰款、利息及開支)，不論該等税項是否由有關政府當局正確或合法地徵收或聲稱。這項賠償應在該貸款人或該代理人(視屬何情況而定)提出書面要求之日起30天內作出。貸款人(向行政代理機構提供副本)或行政代理機構代表其本人或代表貸款人向報告實體提交的關於此種付款或負債數額的證明，應是確鑿的，不存在可證明的錯誤。(D)每一貸款人應在提出要求後10天內，就(I)屬於該貸款人的任何税款(但僅限於任何貸款方尚未就該等税款向該行政代理人作出賠償，且不限制貸款方這樣做的義務)和(Ii)因該貸款人未能遵守第9節的規定而應向該行政代理人作出的賠償。由行政代理向任何貸款人提供的合理詳細描述此類付款或債務金額的證書應是確鑿的，沒有可證明的錯誤。每一貸款人特此授權行政代理在任何時間抵銷和運用根據任何貸款文件欠該貸款人的任何和所有款項，或行政代理從任何其他來源應付給貸款人的任何金額，抵銷根據本(D)款應支付給行政代理的任何款項。(E)在任何借款方根據第2.16款負有責任的任何税款或其他税款的支付日期後，借款方應在實際可行的情況下儘快向行政代理提供證明其付款的收據的正本或經認證的副本，地址按照第9.02條的規定。(F)英國立法(適用第2.16(G)節的規定)或愛爾蘭立法(適用於第2節的規定)徵收的預扣税除外。此外，如果適用的借款人或行政代理人提出合理要求，任何貸款人應提供適用法律規定或該借款人或行政代理人合理要求的其他文件，以使該借款人或行政代理人能夠確定該貸款人是否受到備用預扣税的約束，包括英國或愛爾蘭法律徵收的預扣税或信息報告要求。即使前兩句中有任何相反的規定，如果貸款人合理判斷，填寫、籤立和提交此類文件(以下第2.16(F)(Ii)和(Iii)節規定的文件除外)將使貸款人承擔任何重大的未償還成本或支出，或將對貸款人的法律或商業地位造成重大損害，則無需填寫、簽署和提交此類文件。(Ii)在不限制上述一般性的原則下：(X)任何非美國人的貸款人應在其根據本協議成為貸款人之日或之前(此後應該借款人或行政代理的合理要求不時)向適用的借款人和行政代理交付已簽署的美國國税局W-9表格正本，證明該貸款人免除美國聯邦預扣税；及(Y)任何非美國人的貸款人(“非美國貸款人”)應在其合法有權這樣做的範圍內，向適用的適用的借款人交付
55在該非美國貸款人成為本協議項下的貸款人之日或之前(以及在該借款人或該行政代理提出合理要求後不時地)，借款人和行政代理人(按受款人要求的份數)，以下列各項中適用者為準：(A)如非美國貸款人聲稱享有美國為當事一方的所得税條約的利益，(X)就任何貸款文件下的利息支付而言，美國國税局表格W-8BEN或美國國税局表格W-8BEN-E的簽署原件，規定根據該税收條約的“利息”條款免除或減少美國聯邦預扣税，以及(Y)對於任何貸款文件下的任何其他適用付款，根據該税收條約的“業務利潤”或“其他收入”條款，規定免除或減少美國聯邦預扣税的美國聯邦預扣税；(B)美國國税局表格W-8ECI的籤立原件；(C)如非美國貸款人聲稱享有《國税法》第881(C)條規定的投資組合利息豁免的好處，(X)實質上採用附件C-1形式的證明，表明該非美國貸款人不是《國税法》第881(C)(3)(A)條所指的“銀行”，即《國税法》第881(C)(3)(B)條所指的適用借款人的“10%股東”，或《國税法》第881(C)(3)(C)節所述的“受控外國公司”(“美國税務合規證書”)和(Y)簽署的美國國税表W-8BEN或W-8BEN-E的原件；或(D)在非美國貸款人的情況下，簽署的IRS Form W-8IMY原件，連同IRS Form W-8ECI、IRS Form W-8BEN或IRS Form W-8BEN-E、實質上採用附件C-2或附件C-3、IRS Form W-9和/或每個受益者的其他證明文件形式的美國税務合規證書；如果非美國貸款人是合夥企業，並且該非美國貸款人的一個或多個直接或間接合夥人要求獲得投資組合利息豁免，則該非美國貸款人可代表每個該等直接或間接合夥人以附件C-4的形式提供基本上符合美國税務規定的證書；(Iii)如果根據任何貸款文件向貸款人支付的款項將被FATCA徵收美國聯邦預扣税，而該貸款人未能遵守FATCA適用的報告要求(包括《國税法》第1471(B)或1472(B)條所載的要求，視情況而定)，則該貸款人應在法律規定的時間和該借款人或行政代理人合理要求的時間或時間交付給適用的借款人和行政代理人，適用法律規定的文件(包括《國税法》第1471(B)(3)(C)(I)條規定的文件)，以及借款人或行政代理合理要求的其他文件，以便借款人或行政代理履行其在FATCA下的義務56，以確定該貸款人已履行FATCA下的貸款人義務，或確定扣除和扣繳此類付款的金額。僅就本第2.16(F)(Iii)條而言，“FATCA”應包括在本協定日期後對FATCA所作的任何修訂。(G)聯合王國税收總額。(I)每一貸款方應支付其應支付的所有款項，不得有任何減税，除非法律要求減税。(2)報告實體在意識到貸款方必須作出減税(或減税比率或減税基礎有任何變化)後，應立即通知行政代理機構。同樣地，貸款人在知悉應付給貸款人的款項時，應通知行政代理。如果行政代理收到貸款人的通知，則應通知報告實體和借款方。(Iii)如果法律規定貸款方必須作出減税，則貸款方應支付的金額應增加到一個數額(在作出任何減税後)，其數額應等於如果不要求減税則應支付的金額。(4)在下列情況下，上述第(3)款下的付款不得因聯合王國徵收的税項扣減而增加，條件是：(A)如果有關貸款人是符合資格的貸款人，則有關貸款人本可以在沒有扣税的情況下向有關貸款人付款，但在該日，該貸款人不是或不再是符合資格的貸款人，除非是由於在(或在解釋、管理、管理或解釋中)成為本協議下的貸款人的日期之後的任何變化，或適用)任何相關税務機關的任何法律或條約或任何已公佈的慣例或已公佈的特許權；或(B)有關出借人是條約出借人，且支付款項的貸款方能夠證明，如果出借人遵守第2.16(G)(7)或(8)款規定的義務(視具體情況而定)，本可以在沒有減税的情況下向出借人付款；或(C)有關貸款人純粹憑藉合資格貸款人的定義第(I)(2)段而成為合資格貸款人，而：(1)税務及海關總署人員已根據《税務條例》第931條發出(並未撤銷)與該項付款有關的指示(“指示”)，而該貸款人已從作出付款的借款人收到該指示的核證副本；及[57(2)如沒有作出該指示，有關貸款人本可獲支付款項而無須扣税；或。(D)有關貸款人純粹憑藉合資格貸款人的定義第(I)(2)段而成為合資格貸款人，而：。(1)貸款人沒有向有關借款人發出税務確認書；。以及(2)如貸款人已向有關借款人發出税務確認書，而該税務確認書會使有關借款人有合理理由相信該項付款是就《國際貿易協議》第930條而言的“豁免付款”，則該筆款項本可在沒有任何税務扣減的情況下支付予貸款人。(V)如果貸款方被要求進行税收減免，該貸款方應在法律允許的時間內以法律規定的最低金額進行該税收減免以及與該税收減免相關的任何付款。(Vi)在作出減税或與該減税有關的任何付款後30天內，作出該減税的貸款方應向有權獲得付款的貸款方的行政代理提交一份根據《國際税務協議》第975條的聲明或其他合理地令該貸款方滿意的證據，證明該減税已經作出或(視情況而定)向相關税務機關支付了任何適當的款項。(7)(A)在符合以下(B)項的情況下，條約貸款人和支付該條約貸款人有權獲得付款的每一貸款方應合作完成任何必要的程序手續，以便該貸款方獲得授權支付此種款項而不扣税。(B)(1)在本協定訂立之日作為貸款人的條約貸款人，如(X)持有英國税務總局條約護照計劃下的護照，並且(Y)希望該計劃適用於本協定，則應在附表一中其名稱的相對位置確認其計劃參考編號及其税務居住地管轄權；和(2)新貸款人如(X)是條約貸款人，持有英國税務總局條約護照計劃下的護照，並且(Y)希望該計劃適用於本協定，則應在其籤立的轉讓和承兑中提供其計劃參考編號及其税務居住地的管轄權，並且在這樣做之後，該貸款人不應根據上文第2.16(F)節第(Vii)(A)段或為免生疑問而承擔任何義務。58(Viii)如果貸款人已根據上文(G)(Vii)段確認其計劃參考編號及其税務居住地的管轄權，並且：(A)向該貸款人付款的借款人沒有就該貸款人提交借款人dTTP備案；或(B)向該貸款人付款的借款人已經就該貸款人提交了借款人dTTP備案，但：(1)該借款人的dTTP備案被英國税務和海關總署拒絕；或(2)英國税務海關總署沒有授權借款人在借款人提交dTTP申請之日起60天內向貸款人付款而不扣税；在每種情況下，借款人都已書面通知貸款人上述(1)或(2)項，則貸款人和借款人應合作完成任何必要的額外程序手續，以便借款人獲得授權進行付款而不扣税。(Ix)如果貸款人未按照上文(G)(Vii)段確認其計劃參考編號和税務居住地管轄範圍，除非貸款人另有同意，否則借款人不得就貸款人的承諾(S)或其參與的任何預付款向借款人提交dTTP文件或提交任何其他與該計劃有關的表格。(X)借款人在提交借款人dTTP申請時，應立即將該借款人dTTP申請的副本交付管理代理，以便交付給相關貸款人。(Xi)在本協定日期後成為本協定當事方的每一貸款人應在其成為當事一方時簽署的轉讓和承兑書中註明其屬於下列哪一類：(A)非合格貸款人；(B)合格貸款人(條約貸款人除外)；或(C)條約貸款人。如果新貸款人未能按照第2.16(G)(Xi)節的規定表明其狀態，則就本協議而言，該新貸款人(包括每一貸款方)應被視為不符合條件的貸款人，直至其通知行政代理適用的類別(行政代理在收到通知後，應]59通知借款方)。為免生疑問，出借人如不遵守第2.16(G)(Xi)條的規定，轉讓和承兑不應因此而失效。(Xii)在本協議簽訂之日成為當事一方的英國非銀行貸款人通過簽訂本協議向相關借款人發出税務確認書。(Xiii)英國非銀行貸款人應立即通知相關借款人和行政代理，如果情況與税務確認書中規定的情況有任何變化。(H)愛爾蘭税收總額。(I)每一貸款方應支付其應支付的所有款項，不得有任何減税，除非法律要求減税。(2)報告實體在意識到貸款方必須作出減税(或減税比率或減税基礎有任何變化)後，應立即通知行政代理機構。同樣地，貸款人在知悉應付給貸款人的款項時，應通知行政代理。如果行政代理收到貸款人的通知，則應通知報告實體和借款方。(Iii)如果法律規定貸款方必須作出減税，則貸款方應支付的金額應增加到一個數額(在作出任何減税後)，其數額應等於如果不要求減税則應支付的金額。16(H)。(V)如果貸款方被要求進行税收減免，該貸款方應在法律允許的時間內以法律規定的最低金額進行該税收減免以及與該税收減免相關的任何付款。(Vi)在作出税項扣除或與該項税項扣除有關的任何付款後30天內，作出該項税項扣除的貸款方應向有權獲得60英鎊付款證明的貸款方行政代理提交該貸款方合理地令該貸款方滿意的已作出税項扣除的證據，或(視情況而定)向相關税務機關支付的任何適當款項。(7)一名愛爾蘭條約貸款人和每一提供該愛爾蘭條約貸款人有權獲得付款的借款方應合作完成任何必要的程序手續，以便該貸款方獲得授權在不扣除愛爾蘭税項的情況下付款。(Viii)在本協議簽訂之日成為本協議一方的每一貸款人確認在該日為愛爾蘭合格貸款人。在本協議日期後成為本協議當事方的每一貸款人應在轉讓和承兑書中表明其在成為當事一方時簽署的協議，並且為了行政代理的利益，不對任何貸款方承擔責任，無論其是否為愛爾蘭合格貸款人。如果新貸款人沒有按照第二節的規定表明自己的狀況。16(H)(Vii)則就本協議而言(包括由每一貸款方)，該新貸款人應被視為不是愛爾蘭合格貸款人，直到它通知行政代理適用哪種類別(行政代理在收到通知後應通知貸款方)。為免生疑問，任何貸款人未能遵守本第2.16(H)(Vii)條規定，轉讓和承兑不得因此而失效。(I)(I)本協議每一方均可作出FATCA要求其作出的任何扣減，以及與該扣減有關的任何付款，本協議任何一方均無須增加其就其作出該扣減的任何付款，或以其他方式補償該扣減的收款人；和(Ii)本協議的每一方在意識到它必須按照FATCA的要求進行扣除(或該扣除的比率或基礎有任何變化)時，應立即通知向其付款的一方，此外，應通知報告實體，行政代理和行政代理應通知其他財務方。(J)在根據第2.16(A)或2條支付額外款項的情況下。第2.16(J)條所載的任何規定不得(I)幹擾貸款人以其認為合適的方式安排其税務事務的權利，或(Ii)責令任何貸款人披露與其報税表、税務或與此有關的任何計算的任何資料，或(Iii)要求任何貸款人採取或不採取任何行動，以損害其從其可能有權獲得的任何其他抵免、減免或償還中獲益的能力。[61(K)在本合同項下的任何承諾、預付款或貸款單據中享有權益的每一參與者應有權享受本第2.16條的利益(受本條款的要求和限制，包括第2.16(F)條的要求，(G)和(H)(不言而喻，第2.16(F)節要求的文件應交付給參與貸款人，2.16(G)和2.16(H)條要求的信息和文件應交付給適用的借款人和行政代理)，其程度與其是貸款人並根據本協議通過轉讓獲得其權益的程度相同；但該參與者(A)同意遵守第2.21節的規定，就像它是本合同項下的受讓人一樣；以及(B)無權根據第2.16節就任何參與獲得比其參與貸款人有權獲得更多付款的任何付款，但因參與者獲得適用的參與後發生的法律變更而有權獲得更大付款的情況除外。(L)在行政代理人辭職或替換、貸款人轉讓或替換、承諾終止以及償還、清償或履行貸款文件項下的所有義務後，各方在第2.16款項下的義務應繼續存在。(M)就本第2.16節而言，術語“適用法律”包括FATCA。第2.17節分擔付款等在不遵守第2.20款的情況下，如果任何貸款人因其應得的墊款(不包括第2.02(C)、2.13、2.14(A)、2.16或9.04(C)或9.04(D)款)而獲得任何付款(無論是自願的、非自願的，通過行使任何抵銷權或其他方式)，則由於所有貸款人獲得的墊款，該貸款人應立即從其他貸款人購買所欠他們的墊款中的必要部分，以使該購買貸款人按比例與他們各自分攤多付的款項；但如其後向該購房貸款人追討全部或部分多付款項，則須撤銷向每名貸款人作出的購買，而該貸款人須向購房貸款人償還所收回的購貨價，以及一筆相等於該貸款人的應課差餉租額的款額(按照(A)該貸款人須償還的款額與(B)向購房貸款人收回的總款額的比例)，以及該購房貸款人就所收回的總款額所支付或應付的任何利息或其他款項。各方承認並同意，本第2.17節的前述條款僅反映貸款人(而不是任何借款人或任何貸款方)之間達成的協議，任何借款人或任何貸款方不需要徵得任何借款人或任何貸款方的同意，才能使貸款人根據這些條款獲得參與或貸款人或行政代理根據這些條款採取的任何行動生效。第2.17節的規定不得解釋為適用於(A)借款人根據並按照本協議不時生效的明示條款支付的任何款項，或(B)貸款人因將其任何預付款的參與轉讓或出售給本協議允許的任何受讓人或參與者而獲得的任何付款。第2.18節收益的使用。預付款的收益應可用，且每個適用的借款人同意將這些收益用於為現有的62定期貸款信貸協議進行再融資，並支付STERIS plc或其任何子公司與此相關的全部或部分成本。第2.19節債務證據。(A)行政代理根據第9.07(G)節保存的登記冊應包括(I)每個借款人根據本協議進行的每一次借款的日期、貨幣和金額、構成此類借款的墊款的類型以及適用的利息期限；(Ii)向其交付和接受的每項轉讓和承兑的條款；(Iii)每個借款人根據本協議應支付或將到期支付的任何本金或利息的金額；以及(Iv)行政代理根據本協議從每個借款人收到的任何款項的金額和每個貸款人在其中所佔的份額。(B)行政代理人根據上文(A)項合理和真誠地在登記冊上作出的記項，應為每一借款人根據本協議到期應付的本金和利息數額的表面證據，且無明顯錯誤；但行政代理人未能在登記冊或該等賬户中作出記項，或發現某項記項有誤，並不限制、擴大或以其他方式影響任何借款人在本協議項下的義務。第2.20節違約貸款人。(A)即使本協議有任何相反的規定，如果任何貸款人成為違約貸款人，則只要該貸款人是違約貸款人，下列規定就應適用(不言而喻，確定貸款人是否不再是違約貸款人應如第2.20(C)節所述)：]已保留[(Ii)]已保留[(3)在適用法律允許的最大範圍內，此類貸款人將無權就本協議項下的修訂和豁免進行表決，在確定所需貸款人或所有或所有受影響的貸款人是否已按要求批准任何此類修訂或豁免時，將不考慮此類貸款人在本協議項下的承諾和未清償墊款(“所需貸款人”的定義將自動被視為在該期間內作了相應修改)；但任何該等修訂或豁免，如會增加或延長該違約貸款人的承諾、延遲根據本協議所定的本金或利息支付日期、降低該違約貸款人所欠任何款項的本金額或所述利率、或降低根據本協議計算須支付予該違約貸款人的任何費用的所述利率(在每種情況下，第9.01(A)(Iii)條所準許者除外)，或更改本但書的條款，均須徵得該違約貸款人的同意；和(Iv)報告實體可或可促使適用的借款人自行承擔費用和努力，要求違約貸款人根據第9.07節的規定轉讓和轉授其在本協議項下的權益、權利和義務。]已保留
。(C)如果借款人和行政代理酌情以書面方式同意貸款人不再是違約貸款人，行政代理將以此方式通知雙方當事人，自通知中規定的生效日期起，受通知中規定的任何條件的限制，該貸款人將不再是違約貸款人，而將成為非違約貸款人；但不得追溯調整借款人或其代表在借款人是違約貸款人期間的應計費用或付款；並進一步規定，除非受影響各方另有明確約定，否則本合同項下從違約貸款人變更為非違約貸款人，並不構成放棄或免除任何一方因該貸款人曾經是違約貸款人而提出的任何索賠。(D)行政代理根據本協議收到的有關違約貸款人賬户的本金、利息、手續費或其他款項(無論是自願的還是強制性的，在到期日根據第6.01條或其他規定)，或行政代理根據第9條從違約貸款人收到的任何款項。向違約貸款人支付或應付的任何款項、預付款或其他金額，如根據第2.20(D)條用於(或持有)償付違約貸款人所欠款項或其他款項，應被視為已支付給違約貸款人並由該違約貸款人轉寄，且每個貸款人均不可撤銷地同意本協議。第2.21節減輕處罰。(A)每一貸款人應迅速通知適用的借款人和行政代理其所知道的任何事件，該事件將導致並將使用其可利用的合理商業努力(且在該貸款人的善意判斷下，不會在其他方面對該貸款人不利)，以減輕或避免：(I)任何貸款方根據第2.13或2.16節支付任何金額的任何義務，或(Ii)第2.12節所述的任何情況的發生(和，如果任何貸款人已就第(I)或(Ii)款所述的任何此類事件發出通知，並且此後此類事件不復存在，則該貸款人應立即通知該借款方和行政代理)。為進一步説明上述情況，每一貸款人將(應貸款方的要求)指定不同的資金辦公室，但根據貸款人的判斷，這種指定將避免(或降低貸款方的成本)前一句第(I)或(Ii)款所述的任何事件，並且在貸款人的善意判斷下，這種指定不會在其他方面對貸款人造成實質性不利。報告實體特此同意或促使適用的借款方支付任何貸款人因任何此類指定而產生的所有合理成本和開支。64(B)儘管本協議有任何其他規定，但如果任何貸款人未能將任何事件或情況通知適用的借款人，而該事件或情況將使該貸款人有權根據第2條獲得賠償。第2.22節增值税。儘管第2.16節有任何相反的規定：(A)任何貸款方根據貸款文件明示應支付給貸款方的所有金額(全部或部分)構成用於增值税目的的任何供應的對價，應被視為不包括對該供應應徵收的任何增值税，因此，除以下(B)段另有規定外，如果任何貸款方根據貸款文件向任何貸款方提供的任何供應應徵收增值税，且該貸款方被要求向有關税務機關交代增值税，貸款方必須向貸款方支付相當於增值税金額的金額(在支付此類供應的任何其他對價的同時，或在稍後出示有效的增值税發票時)(貸款方必須立即向貸款方提供適當的增值税發票)。(B)如果任何貸款方(“供應商”)根據貸款單據向任何其他貸款方(“接受方”)提供的任何貨物需要或將被徵收增值税，根據任何貸款文件的條款，除接收方以外的任何貸款方(“相關方”)必須向供應商支付相當於該供應的對價的金額(而不是被要求就該對價向接收方進行補償或賠償)：(I)(如果供應商是需要向有關税務機關交代增值税的人)，相關方還必須(在支付該金額的同時)向供應商支付相當於增值税金額的額外金額。(C)如果貸款單據要求任何貸款方償還或賠償貸款方的任何費用或支出，則貸款方應全額償還或賠償(視情況而定)貸款方的該等成本或支出，包括代表增值税的部分，除非貸款方合理地確定其有權從相關税務機關獲得有關增值税的抵免或償還。(D)本第2.22節中對任何借款方的任何提法，在該借款方為增值税目的被視為集團成員的任何時候，應包括(在適當的情況下[65除文意另有所指外，提及根據分組規則(根據理事會第2006/112/EC號指令第11條的規定或歐洲成員國實施的規則或任何其他司法管轄區的同等規定)被視為提供或(視情況而定)接受供應的人。(E)對於貸款方根據貸款文件向任何貸款方提供的任何供應，如果貸款方提出合理要求，該貸款方必須迅速向該貸款方提供該貸款方增值税登記的詳細信息以及與該貸款方的增值税申報要求有關的合理要求的其他信息。第三條生效條件和結案條件第3.01條結案日之前的條件。本協議將生效，承諾應在僅滿足下列先決條件的第一個日期(行政代理在評估是否已滿足先決條件時採取合理行動)(或根據第9.01節免除)時可用：(A)行政代理(或其律師)應已從每一借款人和每一貸款人收到(I)代表該方簽署的本協議副本或(Ii)令行政代理合理滿意的書面證據(可包括.pdf或已簽署簽名的傳真本協議的第頁)，該當事各方已簽署此類副本。(C)行政代理人(或其律師)應在截止日期當日或之前收到：(1)授權每個借款人理事機構訂立和履行其所屬貸款文件項下義務的決議(或其摘錄)或類似授權文件的核證副本；(2)一份有效的證書或類似的證書，註明日期合理地接近每個借款人成立的司法管轄區的截止日期，但僅在這一概念適用的情況下(有一項理解是，STERIS愛爾蘭金融公司、STERIS plc或根據英格蘭和威爾士法律或根據愛爾蘭法律組織的任何其他借款人將不提供此類證書)；66(Iii)STERIS plc、STERIS Corporation和每個其他借款人的習慣證書(I)附上STERIS plc、STERIS Corporation和每個其他借款人的章程、章程和/或其他組織文件，(Ii)證明STERIS plc、STERIS Corporation和每個其他借款人的高級職員和/或董事的姓名和真實簽名，授權簽署本協議和在本協議項下交付的其他文件，並在STERIS plc的情況下，滿足第3節規定的條件。(D)貸款文件所列的貸款各方的申述及保證，在截止日期當日及截至該日為止，在各要項上均屬真實和正確(但任何已就重要性或重大不利影響而有所保留的申述或保證，在各方面均為受限制的真實和正確的)，但如任何該等申述或保證明示與較早的日期有關，則不在此限，在此情況下，該等陳述及保證須於該較早日期在所有重要方面均屬真實及正確(但任何已就重要性或重大不利影響作出保留的陳述或保證在各方面均屬真實及正確)。(E)(I)只要在截止日期前不少於十個工作日提出要求，行政代理應已在截止日期當日或之前收到監管當局根據適用的“瞭解您的客户”和反洗錢規則和條例(包括《愛國者法》)要求的所有文件和其他信息，在每種情況下均與STERIS plc、STERIS Corporation和每個其他借款人有關；(Ii)如果借款人符合《實益所有權條例》規定的“法人客户”資格，則在截止日期前至少十個工作日向該借款人發出書面通知的任何貸款人，所要求的關於實益所有權或控制權的證明]67與該借款人有關的受益所有權條例(“受益所有權證明”)應在截止日期前至少三個工作日收到該受益所有權證明(但除非該貸款人在截止日期前至少三個工作日向行政代理和該借款人發出書面通知，指明該條件尚未得到滿足並具體説明其細節，否則應視為就該貸款人而言已滿足第(Ii)款中規定的條件)。(F)聯合牽頭安排人應已收到所需的財務報表；但STERIS plc向美國證券交易委員會提交有關STERIS plc及其子公司的任何(X)經審計的所需財務報表(表格10-K)或(Y)未經審計的所需財務報表(有關STERIS plc及其子公司的表格10-Q)，在每種情況下，均應滿足(F)條款(F)關於(A)或(B)款(視情況適用)對所需財務報表定義的要求。聯合牽頭安排人特此確認，已收到STERIS plc截至2019年3月31日和2020年3月31日的財政年度以及截至2020年6月30日和2020年9月30日的財政季度的每一份財務報表。(G)在截止日期提供預付款之前或基本上同時，應終止現有定期貸款信貸協議，並全額償還所有本金、利息以及根據該協議應計和未支付的發票費用及支出。(I)根據第2.02節的規定，行政代理應已收到借款通知。第四條陳述和保證第4.01節陳述和保證。每一借款方在截止日期的陳述和擔保如下：(A)每一貸款方根據其組織或註冊的管轄權法律有效地存在並處於良好的地位(只要存在該概念)，除非(對任何借款人除外，該例外不適用於任何借款人)，除非合理地預期這種違約不會產生實質性的不利影響。(B)每一借款方簽署、交付和履行本協議及其所屬的其他貸款文件，並據此完成擬進行的交易，(I)在借款方的組織權力範圍內，(Ii)已得到所有必要的組織行動的正式授權，(Iii)不違反(A)借款方的章程或章程或其他組織文件或(B)任何法律，約束或影響借款方的法規或合同限制；及(Iv)不會導致或要求在綜合集團的任何物業上或就綜合集團的任何物業設定或施加任何留置權，除非在第(Iii)(B)及(Iv)條的情況下，合理地預期不會產生重大不利影響。(D)本協議和其他貸款文件已由借款方正式簽署和交付。本協議和其他貸款文件是借款方每一方的合法、有效和具有約束力的義務，可根據其條款對每一貸款方強制執行，但受適用的破產、破產、重組、暫停或類似影響債權人權利的法律和衡平法的一般原則(無論是在衡平法訴訟中或在法律上考慮)以及誠信和公平交易默示契約的影響除外。(E)所需財務報表定義所載的每份財務報表，在所有重要方面均公平地列報報告實體及其綜合附屬公司截至該等日期及期間的綜合財務狀況及經營成果及現金流量，除非附註可能有所註明，並須受年終審計調整及未經審計財務報表的附註所規限。(F)並無任何訴訟、訴訟、調查、訴訟或法律程序(包括但不限於任何環境訴訟)影響綜合集團待決或據借款人所知在任何法院、政府機構或仲裁員席前受到威脅，而該等訴訟、訴訟、調查、訴訟或法律程序會合理地預期會在任何法院、政府機構或仲裁員席前作出不利裁定，而如經裁定，(A)會合理地預期會對綜合集團的整體財務狀況或經營業績產生重大不利影響(附表4.01(F)所載訴訟除外)，或(B)會對合法性造成不利影響，本協議任何實質性條款在任何實質性方面的有效性和可執行性。02(A)將是保證金股票(符合聯邦儲備系統理事會發布的U規則的含義)。(H)每一貸款方及其附屬公司均已及時提交或安排提交所有須提交的報税表及報告，並已繳付或安排繳付其須繳付的所有税項，但下列税項除外：(A)正通過適當程序真誠地提出抗辯的税項，並已為該等税項撥出足夠的儲備金
69根據《公認會計原則》或(B)，如果不這樣做，合理地預計不會造成實質性的不利影響。(I)對於任何計劃，沒有發生或合理預期會產生重大不利影響的ERISA事件。(J)除非合理預期會產生重大不利影響外，(I)於截止日期前最後一個年度精算估值日期，並無任何計劃處於風險狀態(定義見國税法第430(I)(4)節)，及(Ii)自該年度精算估值日期以來，任何計劃的資金狀況並無重大不利變化，以致合理預期會導致該計劃處於風險狀態(定義見國税法第430(I)(4)節)。(K)除非合理地預計不會產生重大不利影響，否則(I)借款人或任何ERISA關聯公司(A)都不會對任何多僱主計劃招致任何提款責任，或已招致任何尚未完全清償的此類提款責任，或(B)多僱主計劃的發起人已通知該多僱主計劃破產(ERISA第4245條所指的計劃)或已被確定為處於“危險”或“危急”狀態(國税法第432節或ERISA第305節所指)，以及(2)多僱主計劃不會破產或處於“危險”或“危急”狀態。(M)(I)綜合集團成員現時或以前擁有或經營的物業，並無在不良貸款表或CERCLIS或任何類似的外國、州或本地名單上上市或擬上市，或據借款人所知，與任何該等物業毗鄰，但綜合集團成員的物業，不論個別或整體，合理地預期不會產生重大不利影響的物業除外；(Ii)在綜合集團任何成員現時擁有或經營的物業上，或據借款人所知，在綜合集團任何成員以前擁有或經營的物業上，沒有亦從未有任何地下或地上儲油罐或任何地面蓄水池、化糞池、坑、坑或瀉湖正在或已經處理、儲存或處置有害物質，而該等個別或合乎合理地預期會對該綜合集團的任何成員所擁有或經營的物業產生重大不良影響；(Iii)綜合集團成員現時擁有或經營的任何物業上並無任何石棉或含石棉材料可合理預期會個別或合共產生重大不利影響；及(Iv)綜合集團成員現時或以前擁有或經營的任何物業，或據借款人所知，任何毗鄰物業的個別或合共合理預期會產生重大不利影響的物業，並無排放、排放或處置危險材料。(O)綜合集團的任何成員均不是“投資公司”、“投資公司”的“關聯人”、“發起人”或“主承銷商”(均由1940年修訂的“投資公司法”界定)。借款人支付任何預付款、運用其收益或償還預付款，或完成本協議所設想的其他交易，均不違反該法案的任何規定或證券交易委員會在該法案下的任何規則、規定或命令。(P)貸款方在本協議項下的墊款和所有相關債務(包括擔保)至少與貸款方的所有其他無擔保債務具有同等地位，而這些債務的條款並不明確從屬於本協議項下的貸款方的義務。(Q)墊款所得款項將根據第2.18節使用。綜合集團(一)已通過並維持旨在確保遵守的政策和程序，併合理地預期將繼續確保遵守聯合國施加的任何制裁。[71個國家和(2)將作出商業上合理的努力，通過和維持旨在確保遵守除美國實施的制裁以外的任何適用制裁的政策和程序。(S)綜合小組任何成員在任何實質性方面均未違反與反腐敗有關的任何適用法律(包括《反腐敗法》和聯合王國2010年《反腐敗法》)或反恐怖主義(包括2011年9月24日生效的美國關於資助恐怖主義的13224號行政命令、《愛國者法》、2000年《聯合王國恐怖主義法》、2011年《聯合王國反恐怖主義、犯罪和安全法》、2006年《聯合王國恐怖主義(聯合國措施)令》，2009年聯合王國《恐怖主義(聯合國措施)令》和2010年《聯合王國凍結恐怖主義資產法》)。綜合集團(I)已採納並維持旨在確保遵守《反海外腐敗法》的政策及程序，並有理由預期將繼續確保遵守《反海外腐敗法》；及(Ii)將採取及維持旨在確保遵守英國《2010年反賄賂法》的政策及程序。(T)]已保留
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定期貸款協議的簽字頁
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定期貸款協議的簽字頁
，作為貸款人：名稱：標題：
定期貸款協議的簽字頁
_[摘要報告：文字比較for Word 11.2.0.54文檔比較於2023年5月3日10：14：53 PM樣式名稱：機頂盒選項1智能表比較：活動原始dms：iw：//imanage.stblobal.com/active/52686038/1已修改dms：iw：//imanage.stblobal.com/active/52686038/6更改：添加244刪除214從0移動到0表格插入0表格刪除0表格從0移動到0嵌入圖形(Visio、ChemDraw、Images等)0嵌入EXCEL 0格式更改0總更改：458]; (ii) [Reserved]; (iii) to the fullest extent permitted by applicable law, such Lender will not be entitled to vote in respect of amendments and waivers hereunder, and the Commitment and the outstanding Advances of such Lender hereunder will not be taken into account in determining whether the Required Lenders or all or all affected Lenders, as required, have approved any such amendment or waiver (and the definition of “Required Lenders” will automatically be deemed modified accordingly for the duration of such period); provided that any such amendment or waiver that would increase or extend the Commitment of such Defaulting Lender, postpone the date fixed for the payment of principal or interest owing to such Defaulting Lender hereunder, reduce the principal amount of, or stated rate of interest on, any amount owing to such Defaulting Lender or of the stated rate at which any fees payable to such Defaulting Lender hereunder are calculated (in each case, other than as permitted by Section 9.01(a)(iii)), or alter the terms of this proviso, will require the consent of such Defaulting Lender; and (iv) the Reporting Entity may, or may cause the applicable Borrower to, at its sole expense and effort, require such Defaulting Lender to assign and delegate its interests, rights and obligations under this Agreement pursuant to Section 9.07.
63 (b) [Reserved]. (c) If the Borrowers and the Administrative Agent agree in writing in their discretion that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, such Lender will cease to be a Defaulting Lender and will be a Non- Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of a Borrower while such 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 will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. (d) Any payment of principal, interest, fees or other amounts received by the Administrative Agent hereunder for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 6.01 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 9.05 shall be applied at such time or times as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the funding of any Advance; third, as the Reporting Entity may request, to be held in a deposit account and released pro rata in order to satisfy such Defaulting Lender’s potential future funding obligations under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; fifth, to the payment of any amounts owing to a Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to such 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 otherwise pursuant to this Section 2.20(d) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. SECTION 2.21 Mitigation. (a) Each Lender shall promptly notify the applicable Borrower and the Administrative Agent of any event of which it has knowledge that will result in, and will use reasonable commercial efforts available to it (and not, in such Lender’s good faith judgment, otherwise materially disadvantageous to such Lender) to mitigate or avoid, (i) any obligation by any Loan Party to pay any amount pursuant to Section 2.13 or 2.16 or (ii) the occurrence of any circumstance described in Section 2.12 (and, if any Lender has given notice of any such event described in clause (i) or (ii) and thereafter such event ceases to exist, such Lender shall promptly so notify such Loan Party and the Administrative Agent). In furtherance of the foregoing, each Lender will (at the request of such Loan Party) designate a different funding office if, in the judgment of such Lender, such designation will avoid (or reduce the cost to such Loan Party of) any event described in clause (i) or (ii) of the preceding sentence and such designation will not, in such Lender’s good faith judgment, be otherwise materially disadvantageous to such Lender. The Reporting Entity hereby agrees to, or to cause the applicable Loan Party to, pay all reasonable costs and expenses incurred by any Lender in connection with any such designation. 64 (b) Notwithstanding any other provision of this Agreement, if any Lender fails to notify the applicable Borrower of any event or circumstance which will entitle such Lender to compensation pursuant to Section 2.13 within 180 days after such Lender obtains knowledge of such event or circumstance, then such Lender shall not be entitled to compensation from such Borrower for any amount arising prior to the date which is 180 days before the date on which such Lender notifies such Borrower of such event or circumstance. SECTION 2.22 VAT. Notwithstanding anything in Section 2.16 to the contrary: (a) All amounts expressed to be payable under a Loan Document by any Loan Party to a Lender Party which (in whole or in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly, subject to paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Lender Party to any Loan Party under a Loan Document and such Lender Party is required to account to the relevant tax authority for the VAT, that Loan Party must pay to such Lender Party (in addition to and at the same time as paying any other consideration for such supply or, if later, on presentation of a valid VAT invoice) an amount equal to the amount of the VAT (and such Lender Party must promptly provide an appropriate VAT invoice to that Loan Party). (b) If VAT is or becomes chargeable on any supply made by any Lender Party (the “Supplier”) to any other Lender Party (the “Recipient”) under a Loan Document, and any Loan Party other than the Recipient (the “Relevant Party”) is required by the terms of any Loan Document to pay an amount equal to the consideration for that supply to the Supplier (rather than being required to reimburse or indemnify the Recipient in respect of that consideration): (i) (where the Supplier is the person required to account to the relevant tax authority for the VAT) the Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The Recipient must (where this paragraph (i) applies) promptly pay to the Relevant Party an amount equal to any credit or repayment the Recipient receives from the relevant tax authority which the Recipient reasonably determines relates to the VAT chargeable on that supply; and (ii) (where the Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party must promptly, following demand from the Recipient, pay to the Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the Recipient reasonably determines that it is not entitled to credit or repayment from the relevant tax authority in respect of that VAT. (c) Where a Loan Document requires any Loan Party to reimburse or indemnify a Lender Party for any cost or expense, that Loan Party shall reimburse or indemnify (as the case may be) such Lender Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Lender Party reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority. (d) Any reference in this Section 2.22 to any Loan Party shall, at any time when such Loan Party is treated as a member of a group for VAT purposes, include (where appropriate
65 and unless the context otherwise requires) a reference to the Person who is treated as making the supply, or (as appropriate) receiving the supply, under the grouping rules (as provided for in Article 11 of Council Directive 2006/112/EC or as implemented by a European Member State, or equivalent provisions in any other jurisdiction). (e) In relation to any supply made by a Lender Party to any Loan Party under a Loan Document, if reasonably requested by such Lender Party, that Loan Party must promptly provide such Lender Party with details of that Loan Party’s VAT registration and such other information as is reasonably requested in connection with such Lender Party’s VAT reporting requirements in relation to such supply. ARTICLE III CONDITIONS TO EFFECTIVENESS AND CLOSING SECTION 3.01 Conditions Precedent to Closing Date. This Agreement shall become effective and the Commitments shall be available on and as of the first date on which only the following conditions precedent have been satisfied (with the Administrative Agent acting reasonably in assessing whether the conditions precedent have been satisfied) (or waived in accordance with Section 9.01): (a) The Administrative Agent (or its counsel) shall have received from each Borrower and each Lender either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include .pdf or facsimile transmission of a signed signature page of this Agreement) that such party has signed such a counterpart. (b) All fees and reasonable out-of-pocket expenses of the Administrative Agent, Joint Lead Arrangers and Lenders (including the invoiced fees and expenses of counsel to the Administrative Agent) that are required to be reimbursed or paid on or prior to the Closing Date under the Fee Letter or the other Loan Documents effective on the Closing Date shall be paid, to the extent invoiced by the relevant person at least three Business Days prior to the Closing Date. (c) The Administrative Agent (or its counsel) shall have received on or before the Closing Date: (i) Certified copies of the resolutions (or extracts thereof) or similar authorizing documentation of the governing bodies of each Borrower authorizing such Person to enter into and perform its obligations under the Loan Documents to which it is a party; (ii) A good standing certificate or similar certificate dated a date reasonably close to the Closing Date from the jurisdiction of formation of each Borrower, but only where such concept is applicable (it being understood that no such certificate will be provided by STERIS Irish FinCo, STERIS plc or any other Borrower that is an entity organized under the laws of England and Wales or under the laws of Ireland); 66 (iii) A customary certificate of STERIS plc, STERIS Corporation and each other Borrower (i) attaching the charter, by-laws and/or other organizational documents of STERIS plc, STERIS Corporation and each other Borrower and (ii) certifying the names and true signatures of the officers and/or directors of STERIS plc, STERIS Corporation and each other Borrower authorized to sign this Agreement and the other documents to be delivered hereunder and, in the case of STERIS plc, to the satisfaction of the conditions set forth in Section 3.01(d); (iv) A favorable opinion letter of Jones Day and other legal counsel to STERIS plc, STERIS Corporation and each other Borrower reasonably satisfactory to the Administrative Agent, in each case in form and substance reasonably acceptable to the Administrative Agent (and covering STERIS plc, STERIS Corporation and each other Borrower); and (v) A customary solvency certificate in form and substance reasonably acceptable to the Administrative Agent signed by the chief financial officer of STERIS plc confirming that as of the Closing Date (a) the fair value of the assets of the Reporting Entity and its Subsidiaries on a consolidated basis will exceed its debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the assets of the Reporting Entity and its Subsidiaries on a consolidated basis will be greater than the amount that will be required to pay the probable liability on its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) the Reporting Entity and its Subsidiaries on a consolidated basis will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured and (d) the Reporting Entity and its Subsidiaries on a consolidated basis will not have unreasonably small capital with which to conduct the business in which it is engaged, as such business is now conducted and is proposed to be conducted following the Closing Date. (d) The representations and warranties of the Loan Parties set forth in the Loan Documents shall be true and correct in all material respects (except that any representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect shall be true and correct in all respects as so qualified) on and as of the Closing Date, except to the extent any such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (except that any representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect shall be true and correct in all respects as so qualified) as of such earlier date. (e) (i) The Administrative Agent shall have received, on or prior to the Closing Date, so long as requested no less than ten Business Days prior to the Closing Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, in each case relating to STERIS plc, STERIS Corporation and each other Borrower and (ii) to the extent a Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, any Lender that has requested, in a written notice to such Borrower at least ten Business Days prior to the Closing Date, a certification regarding beneficial ownership or control as required by the
67 Beneficial Ownership Regulation (a “Beneficial Ownership Certification”) in relation to such Borrower, shall have received at least three Business Days prior to the Closing Date such Beneficial Ownership Certification (provided that, unless written notice is given to the Administrative Agent and such Borrower by such Lender at least three Business Days prior to the Closing Date specifying that this condition has not been satisfied and specifying the details thereof, the condition set forth in this clause (ii) shall be deemed to be satisfied with respect to such Lender). (f) The Joint Lead Arrangers shall have received the Required Financial Statements; provided that STERIS plc’s filing with the Securities and Exchange Commission of any (x) audited Required Financial Statements with respect to STERIS plc and its Subsidiaries on Form 10-K or (y) unaudited Required Financial Statements with respect to STERIS plc and its Subsidiaries on Form 10-Q, in each case, will satisfy the requirements of this clause (f) with respect to clauses (a) or (b), as applicable, of the definition of Required Financial Statements. The Joint Lead Arrangers hereby acknowledge receipt of each of the financial statements for STERIS plc for the fiscal years ended March 31, 2019 and 2020 and the fiscal quarters ended June 30, 2020 and September 30, 2020. (g) Prior to or substantially contemporaneously with the availability of the Advances on the Closing Date, the Existing Term Loan Credit Agreement shall be terminated with all principal, interest and accrued and unpaid invoiced fees and expenses thereunder then outstanding being repaid in full. (h) No Default shall have occurred and be continuing on and as of the Closing Date immediately after the consummation of the transactions to occur on the Closing Date, the making of each Advance to be made on the Closing Date and the application of the proceeds of such Advances. (i) The Administrative Agent shall have received a Notice of Borrowing in accordance with Section 2.02. ARTICLE IV REPRESENTATIONS AND WARRANTIES SECTION 4.01 Representations and Warranties. Each Borrower represents and warrants on the Closing Date as follows: (a) Each Loan Party is duly organized or incorporated, validly existing and in good standing (to the extent that such concept exists) under the laws of its jurisdiction of organization or incorporation, except (other than with respect to any Borrower, to which this exception shall not apply) to the extent such failure would not be reasonably expected to have a Material Adverse Effect. (b) The execution, delivery and performance by each Loan Party of this Agreement and the other Loan Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby, (i) are within such Loan Party’s organizational 68 powers, (ii) have been duly authorized by all necessary organizational action and (iii) do not contravene (A) such Loan Party’s charter or by-laws or other organizational documents or (B) any law, regulation or contractual restriction binding on or affecting such Loan Party and (iv) will not result in or require the creation or imposition of any Lien upon or with respect to any of the properties of the Consolidated Group, except, in the case of clause (iii)(B) and (iv), as would not be reasonably expected to have a Material Adverse Effect. (c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution, delivery and performance by the Borrowers and each Guarantor of this Agreement or, except as has been, or shall be, made or obtained or as would not reasonably be expected to have a Material Adverse Effect, for the consummation of the transactions contemplated hereby. (d) This Agreement and the other Loan Documents have been duly executed and delivered by the Loan Parties party thereto. This Agreement and the other Loan Documents are legal, valid and binding obligations of each Loan Party party thereto, enforceable against each such Loan Party in accordance with their terms, except as affected by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. (e) Each of the financial statements set forth in the definition of Required Financial Statements presents fairly, in all material respects, the consolidated financial position and results of operations and cash flows of the Reporting Entity and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, except as may be indicated in the notes thereto and subject to year-end audit adjustments and the absence of footnotes in the case of unaudited financial statements. (f) There is no action, suit, investigation, litigation or proceeding (including, without limitation, any Environmental Action), affecting the Consolidated Group pending or, to the knowledge of the Borrowers, threatened before any court, governmental agency or arbitrator that would reasonably be expected to be adversely determined, and if so determined, (a) would reasonably be expected to have a material adverse effect on the financial condition or results of operations of the Consolidated Group taken as a whole (other than the litigation set forth on Schedule 4.01(f) attached hereto) or (b) would adversely affect the legality, validity and enforceability of any material provision of this Agreement in any material respect. (g) Following application of the proceeds of each Advance, not more than 25 percent of the value of the assets of the Borrowers and of the Consolidated Group, on a Consolidated basis, subject to the provisions of Section 5.02(a) will be margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System). (h) Each of the Loan Parties and their Subsidiaries has timely filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by them, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which adequate reserves have been provided in
69 accordance with GAAP or (b) to the extent that the failure to do so would not reasonably be expected to result in a Material Adverse Effect. (i) No ERISA Event has occurred or is reasonably expected to occur with respect to any Plan which would reasonably be expected to have a Material Adverse Effect. (j) Except as would not reasonably be expected to have a Material Adverse Effect, (i) as of the last annual actuarial valuation date prior to the Closing Date, no Plan was in at-risk status (as defined in Section 430(i)(4) of the Internal Revenue Code), and (ii) since such annual actuarial valuation date there has been no material adverse change in the funding status of any Plan that would reasonably be expected to cause such Plan to be in at-risk status (as defined in Section 430(i)(4) of the Internal Revenue Code). (k) Except as would not reasonably be expected to have a Material Adverse Effect, (i) none of the Borrowers nor any ERISA Affiliate (A) is reasonably expected to incur any Withdrawal Liability to any Multiemployer Plan or has incurred any such Withdrawal Liability that has not been satisfied in full or (B) has been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is insolvent (within the meaning of Section 4245 of ERISA) or has been determined to be in “endangered” or “critical” status (within the meaning of Section 432 of the Internal Revenue Code or Section 305 of ERISA), and (ii) no Multiemployer Plan is reasonably expected to be insolvent or in “endangered” or “critical” status. (l) (i) The operations and properties of the Consolidated Group comply in all respects with all applicable Environmental Laws and Environmental Permits except to the extent that the failure to so comply, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; (ii) all past non-compliance with such Environmental Laws and Environmental Permits has been resolved without any ongoing obligations or costs except to the extent that such non-compliance, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; and (iii) no circumstances exist that would be reasonably expected to (A) form the basis of an Environmental Action against a member of the Consolidated Group or any of its properties that, either individually or in the aggregate, would have a Material Adverse Effect or (B) cause any such property to be subject to any restrictions on ownership, occupancy, use or transferability under any Environmental Law that, either individually or in the aggregate, would have a Material Adverse Effect. (m) (i) None of the properties currently or formerly owned or operated by a member of the Consolidated Group is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or, to the best knowledge of the Borrowers, is adjacent to any such property other than such properties of a member of the Consolidated Group that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; (ii) there are no, and never have been any, underground or aboveground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed of on any property currently owned or operated by any member of the Consolidated Group or, to the best knowledge of the Borrowers, on any property formerly owned or operated by a member of the Consolidated Group that, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect; (iii) there is no asbestos or asbestos-containing material on any property currently owned or 70 operated by a member of the Consolidated Group that, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect; and (iv) Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned or operated by a member of the Consolidated Group or, to the best knowledge of the Borrowers, on any adjoining property that, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. (n) No member of the Consolidated Group is undertaking, and no member of the Consolidated Group has completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any governmental or regulatory authority or the requirements of any Environmental Law that, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect; and all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by a member of the Consolidated Group have been disposed of in a manner that, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. (o) No member of the Consolidated Group is an “investment company,” or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company” (each as defined in the Investment Company Act of 1940, as amended). Neither the making of any Advances nor the application of the proceeds or repayment thereof by the Borrowers, nor the consummation of the other transactions contemplated hereby, will violate any provision of such Act or any rule, regulation or order of the Securities and Exchange Commission thereunder. (p) The Advances and all related obligations of the Loan Parties under this Agreement (including the Guaranty) rank at least pari passu with all other unsecured obligations of the Loan Parties that are not, by their terms, expressly subordinate to the obligations of the Loan Parties hereunder. (q) The proceeds of the Advances will be used in accordance with Section 2.18. (r) No member of the Consolidated Group or any of their respective officers or directors (a) has violated or is in violation of, in any material respect, or has engaged in any conduct or dealings that would be sanctionable under any applicable anti-money laundering law or Sanctions or (b) is an Embargoed Person; provided that if any member of the Consolidated Group (other than the Borrowers) becomes an Embargoed Person pursuant to clause (b)(iii) of the definition thereof as a result of a country or territory becoming subject to any applicable Sanctions program after the Closing Date, such Person shall not be an Embargoed Person so long as (x) the Borrowers are, as applicable, taking reasonable steps to either obtain an appropriate license for transacting business in such country or territory or to cause such Person to no longer reside, be organized or chartered or have a place of business in such country or territory and (y) such Person’s residing, being organized or chartered or having a place of business in such country or territory would not be reasonably expected to have Material Adverse Effect. The Consolidated Group (i) has adopted and maintains policies and procedures designed to ensure compliance and are reasonably expected to continue to ensure compliance with any Sanction imposed by the United
71 States and (ii) will use commercially reasonable efforts to adopt and maintain policies and procedures designed to ensure compliance with any applicable Sanction other than those imposed by the United States. (s) No member of the Consolidated Group is in violation, in any material respects, of any applicable law, relating to anti-corruption (including the FCPA and the United Kingdom Bribery Act of 2010 (“Anti-Corruption Laws”)) or counter-terrorism (including United States Executive Order No. 13224 on Terrorist Financing, effective September 24, 2011, the Patriot Act, the United Kingdom Terrorism Act of 2000, the United Kingdom Anti-Terrorism, Crime and Security Act of 2011, the United Kingdom Terrorism (United Nations Measures) Order of 2006, the United Kingdom Terrorism (United Nations Measures) Order of 2009 and the United Kingdom Terrorist Asset-Freezing etc. Act of 2010). The Consolidated Group (i) has adopted and maintains policies and procedures that are designed to ensure compliance and are reasonably expected to continue to ensure compliance with the FCPA and (ii) will use commercially reasonable efforts to adopt and maintain policies and procedures designed to ensure compliance with the United Kingdom Bribery Act of 2010. (t) [Reserved]. (u) [Reserved]. (v) [Reserved]. (w) Immediately after the consummation of the transactions to occur on the Closing Date, the making of each Advance to be made on the Closing Date and the application of the proceeds of such Advances, (a) the fair value of the assets of the Reporting Entity and its Subsidiaries on a consolidated basis will exceed its debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the assets of the Reporting Entity and its Subsidiaries on a consolidated basis will be greater than the amount that will be required to pay the probable liability on its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) the Reporting Entity and its Subsidiaries on a consolidated basis will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured and (d) the Reporting Entity and its Subsidiaries on a consolidated basis will not have unreasonably small capital with which to conduct the business in which it is engaged, as such business is now conducted and is proposed to be conducted following the Closing Date. (x) Since March 31, 2020, there has been no Material Adverse Change. (y) [Reserved]. (z) No Borrower or Guarantor is an EEA Financial Institution. 72 ARTICLE V COVENANTS SECTION 5.01 Affirmative Covenants. So long as any Advance shall remain unpaid, the Reporting Entity will: (a) Compliance with Laws, Etc. Comply, and cause each member of the Consolidated Group to comply, with all applicable laws, rules, regulations and orders (such compliance to include, without limitation, compliance with ERISA and Environmental Laws), except to the extent that the failure to so comply, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. (b) Payment of Taxes, Etc. Pay and discharge, or cause to be paid and discharged, before the same shall become delinquent, all Taxes, assessments and governmental charges levied or imposed upon a member of the Consolidated Group or upon the income, profits or property of a member of the Consolidated Group, in each case except to the extent that (i) the amount, applicability or validity thereof is being contested in good faith and by proper proceedings or (ii) the failure to pay such Taxes, assessments and charges, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. (c) Maintenance of Insurance. Maintain, and cause each member of the Consolidated Group to maintain, insurance with responsible and reputable insurance companies or associations (or pursuant to self-insurance arrangements) in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which any member of the Consolidated Group operates. (d) Preservation of Existence, Etc. Do, or cause to be done, all things necessary to preserve and keep in full force and effect its and each other Loan Party’s (i) existence and (ii) rights (charter and statutory) and franchises; provided, however, that any Loan Party may consummate any merger or consolidation permitted under Section 5.02(b); and provided, further, that no Loan Party shall be required to preserve any such right or franchise if the management of the Borrowers shall determine that the preservation thereof is no longer desirable in the conduct of the business of such Loan Party and that the loss thereof is not disadvantageous in any material respect to the Lenders. (e) Visitation Rights. At any reasonable time and from time to time during normal business hours (but not more than once annually if no Event of Default has occurred and is continuing), upon reasonable notice to the Borrowers, permit the Administrative Agent or any of the Lenders, or any agents or representatives thereof, to examine and make copies of and abstracts from the records and books of account, and visit the properties, of the Consolidated Group, and to discuss the affairs, finances and accounts of the Consolidated Group with any of the members of the senior treasury staff of the Borrowers or any other Loan Party. (f) Keeping of Books. Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial
73 transactions and the assets and business of the Consolidated Group sufficient to permit the preparation of financial statements in accordance with GAAP. (g) Maintenance of Properties, Etc. Cause all of its and the Consolidated Group’s properties that are used or useful in the conduct of its business or the business of any member of the Consolidated Group to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, and cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Borrowers may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, except, in each case, where the failure to do so would not reasonably be expected to result in a Material Adverse Effect. (h) Guaranties. (w) Subject to clause (y) below, cause any member of the Consolidated Group (other than any Loan Party) that becomes an obligor in respect of any Existing STERIS Notes, the Delayed Draw Term Loan Agreement, the Revolving Credit Agreement, the Bridge Facility, the Securities or other Material Indebtedness, to guarantee the Guaranteed Obligations pursuant to a joinder hereto substantially in the form of Exhibit D or any other form agreed by the Administrative Agent, within 60 days thereof (or such later date as the Administrative Agent may agree in its discretion). (x) Upon the occurrence of a Guaranty Trigger Event, cause, within 60 days of the Guaranty Trigger Date (or such later date as the Administrative Agent may agree in its discretion), (i) subject to clause (y) below, Synergy and its wholly- owned Subsidiaries that are Material Subsidiaries organized in England and Wales, (ii) subject to clause (z) below, each other wholly-owned Subsidiary that is a Material Subsidiary of the Reporting Entity (other than Synergy and its Subsidiaries) that is or becomes a Domestic Subsidiary (other than a Receivables Subsidiary), (iii) subject to clause (y) below, each Material Subsidiary of the Reporting Entity organized under the laws of Ireland or England and Wales (other than STERIS Dover) that is or becomes a direct or indirect parent of STERIS Corporation and (iv) any New PubCo, in each case, to guarantee the Guaranteed Obligations pursuant to a joinder hereto substantially in the form of Exhibit D or any other form agreed by the Administrative Agent (it being understood that any such joinder entered into pursuant to clause (iv) shall also join such New PubCo hereto as the “Reporting Entity”). (y) In no event shall Synergy or its Subsidiaries organized in England and Wales or any Subsidiary of the Reporting Entity organized under the laws of Ireland or England and Wales that is or becomes a direct or indirect parent of STERIS Corporation be required to provide a guaranty hereunder if the Reporting Entity is treated as a United States corporation for United States federal tax purposes. If the Reporting Entity is treated as a United States corporation for United States federal tax purposes, any guarantees from Synergy or its Subsidiaries or any Subsidiary of the Reporting Entity organized under the laws of Ireland or England and Wales that 74 is or becomes a direct or indirect parent of STERIS Corporation shall terminate automatically and each such guarantee will be void ab initio. (z) To the extent that a Guaranty Trigger Period is then in effect and the target or any subsidiary of the target in a Material Acquisition constitutes a wholly- owned Domestic Subsidiary that is a Material Subsidiary upon consummation of such Material Acquisition, use reasonable best efforts to cause such target and any such subsidiary of such target to guarantee the Guaranteed Obligations pursuant to a joinder hereto substantially in the form of Exhibit D or any other form agreed by the Administrative Agent within 60 days of the consummation of such Material Acquisition (or such later date as the Administrative Agent may agree in its discretion). (i) Transactions with Affiliates. Conduct, and cause each member of the Consolidated Group to conduct, all material transactions otherwise permitted under this Agreement with any of their Affiliates (excluding the members of the Consolidated Group) on terms that are fair and reasonable and no less favorable to the Reporting Entity or such Subsidiary than it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate; provided that the restrictions of this Section 5.01(i) shall not apply to the following: (i) the payment of dividends or other distributions (whether in cash, securities or other property) with respect to any Equity Interests in a member of the Consolidated Group, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in such Person or any option, warrant or other right to acquire any such Equity Interests in such Person; (ii) payment of, or other consideration in respect of, compensation to, the making of loans to and payment of fees and expenses of and indemnities to officers, directors, employees or consultants of a member of the Consolidated Group and payment, or other consideration in respect of, directors’ and officers’ indemnities; (iii) transactions pursuant to any agreement to which a member of the Consolidated Group is a party on the date hereof and set forth in Schedule 5.01(i); (iv) transactions with joint ventures for the purchase or sale of property or other assets and services entered into in the ordinary course of business and in a manner consistent with past practices; (v) [Reserved]; (vi) transactions approved by a majority of Disinterested Directors of the Borrowers or of the relevant member of the Consolidated Group in good faith; or (vii) any transaction in respect of which the Borrowers deliver to the Administrative Agent (for delivery to the Lenders) a letter addressed to the board of directors of the Borrowers (or the board of directors of the relevant member of the
75 Consolidated Group) from an accounting, appraisal or investment banking firm that is in the good faith determination of the Borrowers qualified to render such letter, which letter states that such transaction is on terms that are no less favorable to the Borrowers or the relevant member of the Consolidated Group, as applicable, than would be obtained in a comparable arm’s length transaction with a Person that is not an Affiliate. (j) Reporting Requirements. Furnish to the Administrative Agent for further distribution to the Lenders: (i) within 45 days after the end of each of the first three quarters of each fiscal year of the Reporting Entity, a Consolidated balance sheet of the Consolidated Group as of the end of such quarter and Consolidated statements of income and cash flows of the Consolidated Group for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, duly certified by the Chief Financial Officer, the Controller or the Treasurer of the Reporting Entity as having been prepared in accordance with GAAP (subject to the absence of footnotes and year-end audit adjustments); (ii) within 90 days after the end of each fiscal year of the Reporting Entity, a copy of the annual audit report for such year for the Consolidated Group, containing a Consolidated balance sheet of the Consolidated Group as of the end of such fiscal year and Consolidated statements of income and cash flows of the Consolidated Group for such fiscal year, in each case accompanied by an unqualified opinion or an opinion reasonably acceptable to the Required Lenders by Ernst & Young LLP or other independent public accountants of recognized national standing; (iii) simultaneously with each delivery of the financial statements referred to in subclauses (j)(i) and (j)(ii) of this Section 5.01, a certificate of the Chief Financial Officer, the Controller or the Treasurer of the Reporting Entity that no Default or Event of Default has occurred and is continuing (or if such event has occurred and is continuing the actions being taken by the Reporting Entity to cure such Default or Event of Default), including, if such covenant is tested at such time, setting forth in reasonable detail the calculations necessary to demonstrate compliance with Section 5.03; (iv) as soon as possible and in any event within five days after any Responsible Officer shall have obtained knowledge of the occurrence of each Default continuing on the date of such statement, a statement of the Chief Financial Officer, the Controller or the Treasurer of the applicable Borrower setting forth details of such Default and the action that the Borrowers have taken and propose to take with respect thereto; (v) promptly after the sending or filing thereof, copies of all reports that the Reporting Entity sends to any of its securityholders, in their capacity as such, and copies of all reports and registration statements that members of the Consolidated Group file with the Securities and Exchange Commission or any national securities exchange (excluding routine reports filed with the New York Stock Exchange and any reports filed with the Regulatory News Service to satisfy London Stock Exchange Requirements); 76 (vi) promptly after a Responsible Officer obtains knowledge of the commencement thereof, notice of all actions, suits, investigations, litigations and proceedings before any court, governmental agency or arbitrator affecting the Consolidated Group of the type described in Section 4.01(f)(b); and (vii) such other information respecting the Consolidated Group as any Lender through the Administrative Agent may from time to time reasonably request. (k) [Reserved]. (l) OFAC and FCPA. The Loan Parties shall ensure and shall cause each member of the Consolidated Group and their respective officers and directors (in their capacity as officers and directors, as applicable, of members of the Consolidated Group) to ensure that, to their knowledge, the proceeds of any Advances shall not be used by such Persons (i) to fund any activities or business of or with any Embargoed Person, or in any country or territory, that at the time of such funding is the target of any Sanctions, to the extent such activity or business is prohibited by Sanctions, (ii) in any other manner that would result in a violation of any Sanctions by the Agents, Lenders, the Reporting Entity or any member of the Consolidated Group or (iii) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws. Information required to be delivered pursuant to subsections (i), (ii) and (v) of Section 5.01(j) above shall be deemed to have been delivered if such information, or one or more annual or quarterly or other reports or proxy statements containing such information, shall have been posted and available on the website of the Securities and Exchange Commission at http://www.sec.gov. Information required to be furnished pursuant to this Section 5.01 may also be furnished by electronic communications pursuant to procedures approved by the Administrative Agent. The Borrowers hereby acknowledge that the Administrative Agent and/or the Joint Lead Arrangers will make available to the Lenders materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar secure electronic system (the “Platform”). SECTION 5.02 Negative Covenants. So long as any Advance shall remain unpaid, the Reporting Entity will not and will not permit any member of the Consolidated Group to: (a) Liens, Etc. Create, assume or suffer to exist any Lien upon any of its property or assets (other than Unrestricted Margin Stock), whether now owned or hereafter acquired; provided that this Section shall not apply to the following: (i) Liens for taxes not yet due or that are being actively contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP; (ii) other statutory, common law or contractual Liens incidental to the conduct of its business or the ownership of its property and assets that (A) were not incurred in connection with the borrowing of money or the obtaining of advances or credit, and (B) do
77 not in the aggregate materially detract from the value of its property or assets or materially impair the use thereof in the operation of its business; (iii) pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; (iv) pledges or deposits to secure the performance of bids, trade contracts and leases (other than Debt), statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business; (v) Liens on property or assets to secure obligations owing to any member of the Consolidated Group; (vi) (A) purchase money Liens on fixed or capital assets or for the deferred purchase price of property; provided that such Lien is limited to the purchase price and only attaches to the property being acquired, constructed or improved and, for the avoidance of doubt, proceeds thereof; provided further that purchase money Liens in favor of any lender may be cross-collateralized with respect to other obligations of such type owing to such lender and (B) capital or finance leases; (vii) easements, zoning restrictions or other minor defects or irregularities in title of real property not interfering in any material respect with the use of such property in the business of any member of the Consolidated Group; (viii) Liens existing on the Closing Date and, to the extent securing obligations in excess of $25,000,000, set forth on Schedule 5.02(a) hereto; (ix) any Lien granted to the Administrative Agent, for the benefit of the Lenders; (x) Liens on Receivables Related Assets of a Receivables Subsidiary in connection with the sale of such Receivables Related Assets pursuant to Section 5.02(f)(iii) hereof; (xi) in addition to the Liens permitted herein, additional Liens, so long as the aggregate principal amount of all Debt and other obligations secured by such Liens, when taken together with, without duplication, the principal amount of all Debt of Subsidiaries that are not Guarantors incurred pursuant to Section 5.02(e)(viii) below, does not exceed an amount equal to 10% of the Consolidated Total Assets at the time such Debt or other obligation is created or incurred; (xii) Permitted Encumbrances; (xiii) any Lien existing on any property or asset prior to the acquisition thereof by any member of the Consolidated Group or existing on any property or assets of any Person at the time such Person becomes a Subsidiary after the Closing Date; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or 78 such Person becoming a Subsidiary, as the case may be, and (ii) such Lien does not apply to any other property or assets of any member of the Consolidated Group (other than Persons who become members of the Consolidated Group in connection with such acquisition); (xiv) Liens arising in connection with any margin posted related to Hedge Agreements entered other than for speculative purposes; (xv) any extension, renewal or replacement (or successive renewals or replacements) in whole or in part of any Lien referred to in clauses (vi), (viii), (xi) and (xiii) of this Section 5.02(a); provided that (x) the principal amount of the obligations secured thereby shall be limited to the principal amount of the obligations secured by the Lien so extended, renewed or replaced (and, to the extent provided in such clauses, extensions, renewals and replacements thereof), (y) such Lien shall be limited to all or a part of the assets that secured the obligation so extended, renewed or replaced and (z) in the case of any extension, renewal or replacement (or successive renewals or replacements) in whole or in part of any Lien referred to in clause (xi) of this Section 5.02(a) such extension, renewal or replacement (or successive renewals or replacements) shall utilize basket capacity under such clause (xi) prior to any excess amount not permitted thereunder being permitted under this clause (xv); (xvi) Liens on the products and proceeds (including, without limitation, insurance condemnation and eminent domain proceeds) of and accessions to, and contract or other rights (including rights under insurance policies and product warranties) derivative of or relating to, property subject to Liens under any of the paragraphs of this Section 5.02(a); and (xvii) Liens on the proceeds of Specified Indebtedness deposited with a trustee or paying agent or otherwise segregated or held in trust or under an escrow or other funding arrangement with respect to a Pending Transaction prior to the consummation of such Pending Transaction. (b) Mergers, Etc. Merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (other than Unrestricted Margin Stock) (whether now owned or hereafter acquired) to, any Person, except that: (i) any member of (x) the Consolidated Group other than the Borrowers may merge or consolidate with or into or (y) the Consolidated Group may convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets to, in each case of clause (x) and (y), any other member of the Consolidated Group; (ii) any Borrower may merge or consolidate with or into any other Person (including, but not limited to, any member of the Consolidated Group) so long as (A) such Borrower is the surviving entity or (B) the surviving entity shall succeed, by agreement, including an agreement where such succession occurs by operation of law, in any case
79 reasonably satisfactory in substance to the Administrative Agent (and such agreement shall be provided to the Administrative Agent prior to the closing of such merger or consolidation), to all of the businesses and operations of such Borrower and shall assume all of the rights and obligations of such Borrower under this Agreement and the other Loan Documents; (iii) any member of the Consolidated Group (other than the Borrowers) may merge or consolidate with or into another Person, convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets so long as (A) the consideration received in respect of such merger, consolidation, conveyance, transfer, lease or other disposition is at least equal to the fair market value of such assets as determined in good faith by the Reporting Entity and (B) no Material Adverse Effect would reasonably be expected to result from such merger, consolidation, conveyance, transfer, lease or other disposition; and (iv) any member of the Consolidated Group (other than the Borrowers) may merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets to another Person to effect (A) a transaction permitted by Section 5.02(f) (other than clause (vii)(ii) thereof) or (B) a merger or consolidation with or into such Person where such merger or consolidation results in such Person or the entity into which such Person is merged or consolidated becoming a member of the Consolidated Group; provided, in the cases of clauses (i), (ii) and (iii) hereof, that no Default or Event of Default shall have occurred and be continuing at the time of such proposed transaction or would result therefrom. (c) Accounting Changes. Change the Reporting Entity’s fiscal year-end from March 31 of each calendar year. (d) Change in Nature of Business. Make any material change in the nature of the business of the Consolidated Group, taken as a whole, from that carried out by STERIS plc and its Subsidiaries on the Closing Date; it being understood that this Section 5.02(d) shall not prohibit (i) the Transactions or (ii) members of the Consolidated Group from conducting any business or business activities incidental or related to such business as carried on as of the Closing Date or any business or activity that is reasonably similar or complementary thereto or a reasonable extension, development or expansion thereof or ancillary thereto. (e) Subsidiary Indebtedness. Permit any member of the Consolidated Group that is not a Borrower or a Guarantor to incur Debt of any kind; provided that this Section shall not apply to any of the following (without duplication): (i) Debt incurred under the Loan Documents; (ii) Debt of any member of the Consolidated Group to any member of the Consolidated Group; provided that such Debt shall not have been transferred to any other Person (other than to any member of the Consolidated Group); 80 (iii) Debt outstanding on the Closing Date and, to the extent in respect of obligations in excess of $25,000,000, set forth on Schedule 5.02(e) (it being understood that any Debt in excess of $25,000,000 outstanding on the Closing Date that is otherwise permitted under another clause of Section 5.02(e) need not be set forth on Schedule 5.02(e) in order to be so permitted under such other clause) and any extension, renewal, refinancing, refunding, replacement or restructuring (or successive extensions, renewals, refinancings, refundings, replacements or restructurings) of any such Debt from time to time (in whole or in part); provided that the outstanding principal amount of any such Debt may only be increased (x) to the extent of any accrued interest, premiums, fees, costs and expenses incurred in connection with the extension, renewal, refinancing, refunding, replacement or restructuring of such Debt or (y) to the extent any such increase is permitted to be incurred under any other clause of this Section 5.02(e); (iv) (i) Debt of any member of the Consolidated Group incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including capital or finance leases and any Debt assumed in connection with the acquisition of any such assets (provided that such Debt is incurred or assumed prior to or within 90 days after such acquisition or the completion of such construction or improvement and the principal amount of such Debt does not exceed the cost of acquiring, constructing or improving such fixed or capital assets) and (ii) any extension, renewal, refinancing, refunding, replacement or restructuring (or successive extensions, renewals, refinancings, refundings, replacements or restructurings) of any such Debt from time to time (in whole or in part); provided that the aggregate principal amount of Debt permitted by this clause (iv) shall not exceed $100,000,000 at any time outstanding; (v) Debt under or related to Hedge Agreements entered into for non-speculative purposes; (vi) letters of credit, bank guarantees, warehouse receipts or similar instruments issued to support performance obligations and trade letters of credit (other than obligations in respect of other Debt) in the ordinary course of business; (vii) Debt of Receivables Subsidiaries in respect of Permitted Receivables Facilities in an aggregate principal amount at any time outstanding not to exceed $250,000,000; (viii) (i) any other Debt (not otherwise permitted under this Agreement), and (ii) any extension, renewal, refinancing, refunding, replacement or restructuring (or successive extensions, renewals, refinancings, refundings, replacements or restructurings) of Debt outstanding under this clause (viii), provided that, the aggregate principal amount of (1) all Debt incurred under this clause (viii) and (2) without duplication, all Debt and other obligations secured by Liens incurred under Section 5.02(a)(xi) shall not exceed 10% of Consolidated Total Assets at the time such Debt is incurred (except that Debt incurred in reliance on clause (ii) of this Section 5.02(e)(viii) will in any event be permitted (but will utilize basket capacity under this clause (viii)) so long as the principal amount of such Debt does not exceed the principal amount of the Debt extended, renewed, refinanced, refunded, replaced or restructured plus any accrued interest, premiums, fees, costs and expenses
81 incurred in connection with the extension, renewal, refinancing, refunding, replacement or restructuring of such Debt); (ix) Debt owed to any officers or employees of any member of the Consolidated Group; provided that the aggregate principal amount of all such Debt shall not exceed $10,000,000 at any time outstanding; (x) guarantees of any Debt permitted pursuant to this Section 5.02(e); (xi) Debt in respect of bid, performance, surety bonds or completion bonds issued for the account of any member of the Consolidated Group in the ordinary course of business, including guarantees or obligations of any member of the Consolidated Group with respect to letters of credit supporting such bid, performance, surety or completion obligations; (xii) Debt incurred or arising from or as a result of agreements providing for indemnification, deferred payment obligations, purchase price adjustments, earn-out payments or similar obligations; (xiii) Debt in connection with overdue accounts payable, which are being contested in good faith and for which adequate reserves have been established in accordance with GAAP; (xiv) Debt arising or incurred as a result of or from the adjudication or settlement of any litigation or from any arbitration or mediation award or settlement, in any case involving any member of the Consolidated Group; provided that the judgment, award(s) and/or settlements to which such Debt relates would not constitute an Event of Default under Section 6.01(f); (xv) Debt in respect of netting services, automatic clearing house arrangements, employees’ credit or purchase cards, overdraft protections and similar arrangements in each case incurred in the ordinary course of business; and (xvi) (i) Debt of any Person which becomes a Subsidiary after the Closing Date or is merged with or into or consolidated or amalgamated with any member of the Consolidated Group after the Closing Date and Debt expressly assumed in connection with the acquisition of an asset or assets from any other Person; provided that (A) such Debt existed at the time such Person became a Subsidiary or of such merger, consolidation, amalgamation or acquisition and was not created in anticipation thereof and (B) immediately after such Person becomes a Subsidiary or such merger, consolidation, amalgamation or acquisition, (x) no Default shall have occurred and be continuing and (y) the Reporting Entity shall be in compliance with Section 5.03 on a pro forma basis; and (ii) any extension, renewal, refinancing, refunding, replacement or restructuring (or successive extensions, renewals, refinancings, refundings, replacements or restructurings) of any such Debt from time to time (in whole or in part), provided that the outstanding principal amount of any such Debt may only be increased (x) to the extent of any accrued interest, premiums, fees, costs and expenses incurred in connection with the extension, 82 renewal, refinancing, refunding, replacement or restructuring of such Debt or (y) to the extent any such increase is permitted to be incurred under any other clause of this Section 5.02(e). (f) Dispositions. Convey, sell, assign, transfer or otherwise dispose of (each, a “Disposition”) any of its property or assets outside the ordinary course of business, other than to any member of the Consolidated Group, except for: (i) Dispositions of assets and property that are (i) obsolete, worn, damaged, uneconomic or otherwise deemed by any member of the Consolidated Group to no longer be necessary or useful in the operation of such member of the Consolidated Group’s current or anticipated business or (ii) replaced by other assets or property of similar suitability and value; (ii) Dispositions of cash and Cash Equivalents; (iii) Dispositions of accounts receivable (i) in connection with the compromise or collection thereof, (ii) deemed doubtful or uncollectible in the reasonable discretion of any member of the Consolidated Group, (iii) obtained by any member of the Consolidated Group in the settlement of joint interest billing accounts, (iv) granted to settle collection of accounts receivable or the sale of defaulted accounts arising in connection with the compromise or collection thereof and not in connection with any financing transaction or (v) in connection with a Permitted Receivables Facility; (iv) any other Disposition (not otherwise permitted under this Agreement) of any assets or property; provided that after giving effect thereto, the Reporting Entity would be in pro forma compliance with the covenants set forth in Section 5.03; (v) Dispositions by any member of the Consolidated Group of all or any portion of any Subsidiary that is not a Material Subsidiary; (vi) leases, licenses, subleases or sublicenses by any member of the Consolidated Group of intellectual property in the ordinary course of business; (vii) Dispositions arising as a result of (i) the granting or incurrence of Liens permitted under Section 5.02(a) or (ii) transactions permitted under Section 5.02(b) (other than Section 5.02(b)(iii)) of this Agreement; (viii) any Disposition or series of related Dispositions that does not individually or in the aggregate exceed $10,000,000; (ix) Dispositions constituting terminations or expirations of leases, licenses and other agreements in the ordinary course of business; and (x) contributions of assets in the ordinary course of business to joint ventures entered into in the ordinary course of business.
83 SECTION 5.03 Financial Covenants. As of the last day of the first fiscal quarter of the Reporting Entity ended on or after the Closing Date and on the last day of each fiscal quarter of the Reporting Entity ending thereafter: (a) The Reporting Entity will not permit the ratio of (x) Consolidated Total Debt at such time to (y) Consolidated EBITDA for the four consecutive fiscal quarter period ending as of such date to exceed 3.50 to 1.00; provided, that the ratio referenced in this Section 5.03(a) shall be increased by 0.25 to 1.00 after a Material Acquisition for a period of four fiscal quarters after the date of such Material Acquisition; and (b) The Reporting Entity will not permit the ratio of Consolidated EBITDA to Consolidated Interest Expense for the period of four fiscal quarters ending on such date, to be less than 3.00:1.00. ARTICLE VI EVENTS OF DEFAULT SECTION 6.01 Events of Default. If any of the following events (“Events of Default”) shall occur and be continuing: (a) any Loan Party, as applicable, shall fail (i) to pay any principal of any Advance when the same becomes due and payable or (ii) to pay any interest on any Advance or make any payment of fees or other amounts payable under this Agreement within five Business Days after the same becomes due and payable; or (b) any representation or warranty made by a Loan Party herein or in any other Loan Document or by a Loan Party (or any of its officers or directors) in connection with this Agreement or in any certificate or other document furnished pursuant to or in connection with this Agreement, if any, in each case shall prove to have been incorrect in any material respect when made or deemed made; or (c) (i) a Borrower shall fail to perform or observe any term, covenant or agreement contained in Sections 5.01(d)(i), 5.01(j)(iv), 5.02(a), 5.02(b), 5.02(d), 5.02(e), 5.02(f) or 5.03 or (ii) a Borrower shall fail to perform or observe any term, covenant or agreement contained in Section 5.01(e) or clauses (i)-(iii) or (v)-(vii) of Section 5.01(j) if such failure shall remain unremedied for 10 Business Days after written notice thereof shall have been given to such Borrower by the Administrative Agent or any Lender, or (iii) a Borrower or any other Loan Party shall fail to perform or observe any other term, covenant or agreement contained in any Loan Document, if any, in each case on its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to such Borrower by the Administrative Agent or any Lender; or (d) a Borrower, any Guarantor or any Significant Subsidiary shall fail to pay any principal of or premium or interest on any Material Indebtedness of such Borrower, or such Guarantor or such Significant Subsidiary, respectively, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and 84 such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt; or any such Debt shall be declared to be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof; or (e) any Loan Party or any Significant Subsidiary shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the Loan Party or any Significant Subsidiary seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against it (but not instituted by it), such proceeding shall remain undismissed or unstayed for a period of 60 days; or the Loan Party or any Significant Subsidiary shall take any corporate action to authorize any of the actions set forth above in this Section 6.01(e); or (f) any one or more judgments or orders for the payment of money in excess of the greater of (x) $150,000,000 and (y) 3% of Consolidated Total Assets shall be rendered against a Loan Party or any Significant Subsidiary and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 60 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; provided, however, that, for purposes of determining whether an Event of Default has occurred under this Section 6.01(f), the amount of any such judgment or order shall be reduced to the extent that (A) such judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (B) such insurer, which shall be rated at least “A” by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, such judgment or order; or (g) (i) any Person or two or more Persons acting in concert shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended), directly or indirectly, of Voting Stock of the Reporting Entity (or other securities convertible into or exchangeable for such Voting Stock) representing 50% or more of the combined voting power of all Voting Stock of the Reporting Entity (on a fully diluted basis), unless such Reporting Entity becomes a direct or indirect wholly-owned Subsidiary of a holding company and the direct or indirect holders of Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of the Reporting Entity’s Voting Stock immediately prior to that event (such new holding company, a “New PubCo”); or (ii) during any period of up to 24 consecutive
85 months, a majority of the members of the board of directors of the Reporting Entity shall not be Continuing Directors; or (h) one or more of the following shall have occurred or is reasonably expected to occur, which in each case would reasonably be expected to result in a Material Adverse Effect: (i) any ERISA Event with respect to any Plan; (ii) the partial or complete withdrawal of the Reporting Entity or any ERISA Affiliate from a Multiemployer Plan; or (iii) the insolvency or termination of a Multiemployer Plan; or (i) this Agreement (including the Guaranty set forth in Article VIII) shall cease to be valid and enforceable against the Loan Parties (except to the extent it is terminated in accordance with its terms) or a Loan Party shall so assert in writing; then, and in any such event, the Administrative Agent (i) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrowers, declare the obligation of each Lender to make Advances to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrowers, declare the Advances, all interest thereon and all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Advances, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; provided, however, that in the event of an Event of Default under Section 6.01(e), (A) the Commitment of each Lender shall automatically be terminated and (B) the Advances, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers. ARTICLE VII THE AGENTS SECTION 7.01 Authorization and Action. Each of the Lenders hereby irrevocably appoints JPMorgan Chase Bank, N.A. to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and neither the Borrowers nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. SECTION 7.02 Administrative Agent Individually. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender, as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” as applicable, shall, unless otherwise expressly indicated or 86 unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. SECTION 7.03 Duties of Administrative Agent; Exculpatory Provisions. The Administrative Agent shall have no duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing; (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrowers or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 6.01 and 9.01) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. The Administrative Agent shall not be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrowers or a Lender. The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement,
87 instrument or document or (v) the satisfaction of any condition set forth in Article III or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. Each of the Finance Parties hereby exempts the Administrative Agent from the restrictions pursuant to section 181 of the German Civil Code (Bürgerliches Gesetzbuch) and similar restrictions applicable to it pursuant to any other applicable law, in each case to the extent legally possible to such Finance Party. A Finance Party which cannot grant such exemption shall notify the Administrative Agent accordingly and, upon request of the Administrative Agent, either act in accordance with the terms of this Agreement and/or any other Loan Document as required pursuant to this Agreement and/or such other Loan Document or grant a special power of attorney to a party acting on its behalf, in a manner that is not prohibited pursuant to section 181 of the German Civil Code (Bürgerliches Gesetzbuch) and/or any other applicable laws. SECTION 7.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person or Persons (including, for the avoidance of doubt, in connection with the Administrative Agent’s reliance on any Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page). The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of an Advance that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Advance. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. SECTION 7.05 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub- agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. SECTION 7.06 Resignation of Administrative Agent. (a) The Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrowers. Upon 88 receipt of any such notice of resignation, the Required Lenders shall have the right, with the consent of the Borrowers (such consent not to be unreasonably withheld or delayed, and only so long as no Event of Default has occurred and is continuing), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and consented to by the Borrowers and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders, with the consent of the Borrowers (such consent not to be unreasonably withheld or delayed), appoint a successor Administrative Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. (b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrowers and such Person remove such Person as Administrative Agent and, with the consent of the Borrowers (such consent not to be unreasonably withheld or delayed), appoint a successor. If no such successor shall have been so appointed by the Required Lenders and consented to by the Borrowers and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. (c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, as a successor Administrative Agent is appointed as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in Section 2.16(l) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by each Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between such Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article VII and Section 9.04 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent.
89 SECTION 7.07 Non-Reliance on Administrative Agent and Other Lenders; Acknowledgments. (a) Each Lender represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility, (ii) it is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to such Lender in the ordinary course of business, and not for the purpose of purchasing, acquiring or holding any other type of financial instrument (and each Lender agrees not to assert a claim in contravention of the foregoing), (iii) it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and (iv) it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. (b) (i) Each Lender hereby agrees that (x) if the Administrative Agent notifies such Lender that the Administrative Agent has determined in its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were erroneously transmitted to such Lender (whether or not known to such Lender), and demands the return of such Payment (or a portion thereof), such Lender shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect, and (y) to the extent permitted by applicable law, such Lender shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including without limitation any defense based on “discharge for value” or any similar doctrine. A notice of the Administrative Agent to any Lender under this Section 7.07(b) shall be conclusive, absent manifest error. (ii) Each Lender hereby further agrees that if it receives a Payment from the Administrative Agent or any of its Affiliates (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect to such Payment (a “Payment Notice”) or (y) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have 90 been sent in error, such Lender shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect. (iii) The Borrowers and each other Loan Party from time to time party hereto hereby agree that (x) in the event an erroneous Payment (or portion thereof) is not recovered from any Lender that has received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Lender with respect to such amount and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any obligations owed by a Borrower or any other Loan Party. (iv) Each party’s obligations under this Section 7.07(b) shall survive the resignation or replacement of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or discharge of all obligations under any Loan Document. SECTION 7.08 Other Agents. None of the Lenders identified on the facing page or signature pages of this Agreement as an “arranger”, “book runner”, “syndication agent”, “co- documentation agent” or “senior managing agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. SECTION 7.09 Certain ERISA Matters. (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and Joint Lead Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Loan Party, that at least one of the following is and will be true: (i) such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more benefit plans in connection with the Advances or the Commitments; (ii) the transaction exemption set forth in one or more PTEs, such as PTE 84- 14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class
91 exemption for certain transactions involving bank collective investment funds) or PTE 96- 23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Advances or the Commitments and this Agreement, and the conditions for exemptive relief thereunder are and will continue to be satisfied in connection therewith; (iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Advances or the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Advances or the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I or PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Advances or the Commitments and this Agreement, or; (iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender. (b) In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and Joint Lead Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Loan Party, that none of the Administrative Agent or any Joint Lead Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto). ARTICLE VIII GUARANTY SECTION 8.01 Guaranty. Subject to Section 5.01(h)(y), each Guarantor, on a joint and several basis, absolutely, unconditionally and irrevocably guarantees to the Administrative Agent for the ratable benefit of the Lender Parties (defined below) (the “Guaranty”), as a guarantee of payment and not merely as a guarantee of collection, prompt payment when due, whether at stated maturity, upon acceleration, demand or otherwise, and at all times thereafter, of all existing and future indebtedness and liabilities, whether for principal, interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or similar proceeding, regardless of whether allowed or allowable in such proceeding), premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise, direct or indirect, absolute or contingent, liquidated or unliquidated, voluntary or involuntary, of the Reporting Entity and Borrowers to the Lenders and 92 the Administrative Agent (collectively, the “Lender Parties”) arising under this Agreement or any other Loan Document, including all renewals, extensions and modifications thereof (collectively, the “Guaranteed Obligations”). This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Guaranteed Obligations or any instrument or agreement evidencing any Guaranteed Obligations, or by the existence, validity, enforceability, perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Guaranteed Obligations which might otherwise constitute a defense to the obligations of the Guarantor under this Guaranty (other than payment in full in cash). SECTION 8.02 No Termination. Except as permitted under Section 8.08, this Guaranty is a continuing and irrevocable guaranty of all Guaranteed Obligations now or hereafter existing and shall remain in full force and effect until all Guaranteed Obligations (other than contingent indemnification obligations not yet due and payable) and any other amounts payable under this Guaranty are indefeasibly paid and performed in full and the Commitments have terminated. SECTION 8.03 Waiver by the Guarantors. Each Guarantor waives notice of the acceptance of this Guaranty and of the extension or continuation of the Guaranteed Obligations or any part thereof. Each Guarantor further waives presentment, protest, notice, dishonor or default, demand for payment and any other notices to which the Guarantor might otherwise be entitled other than any notice required hereunder. SECTION 8.04 Subrogation. No Guarantor shall exercise any right of subrogation, reimbursement, exoneration, indemnification or contribution, any right to participate in any claim or remedy of the Lender Parties or any similar right with respect to any payment it makes under this Guaranty with respect to the Guaranteed Obligations until all of the Guaranteed Obligations (other than contingent indemnification obligations not yet due and payable) have been paid in full in cash and the Commitments have terminated. If any amount is paid to the Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Lender Parties and shall forthwith be paid to the Lender Parties to reduce the amount of the Guaranteed Obligations, whether matured or unmatured. SECTION 8.05 Waiver of Defenses. The liability of each Guarantor under this Guaranty shall be irrevocable, absolute and unconditional irrespective of, and to the extent not prohibited by applicable law, the Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to, any or all of the following: (a) any lack of validity or enforceability against the Borrowers of this Agreement or any agreement or other instrument relating thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations or any other obligation of the Borrowers under or in respect of this Agreement or any other amendment or waiver of or any consent to departure from this Agreement, including, without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to the Borrowers or any other member of the Consolidated Group or otherwise;
93 (c) any taking, exchange, release or non-perfection of any collateral or any taking, release or amendment or waiver of, or consent to departure from, any other guaranty for all or any of the Guaranteed Obligations; (d) any manner of application of collateral, if any, or assets, or proceeds thereof, to all or any of the Guaranteed Obligations, or any manner of sale or other disposition of any collateral or other assets for all or any of the Guaranteed Obligations; (e) any change, restructuring or termination of the corporate structure or existence of a Borrower or other member of the Consolidated Group; (f) any failure of the Administrative Agent or any Lender to disclose to a Guarantor any information relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of the Borrowers now or hereafter known to the Administrative Agent or such Lender (each Guarantor waiving any duty on the part of the Administrative Agent and the Lenders to disclose such information); (g) the release or reduction of liability of any other Guarantor or other guarantor or surety with respect to the Guaranteed Obligations; or (h) any other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any representation by the Administrative Agent or any Lender that might otherwise constitute a defense available to, or a discharge of, a Borrower, any Guarantor or any other guarantor or surety (other than defense of payment in full in cash). This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by any Lender Party or any other Person upon the insolvency, bankruptcy or reorganization of a Borrower or any other Loan Party or otherwise, all as though such payment had not been made. SECTION 8.06 Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety. Each Guarantor waives diligence by the Lender Parties and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation, any provision of law requiring the Lender Parties to exhaust any right or remedy or to take any action against a Borrower, any other guarantor or any other Person or property before enforcing this Guaranty against such Guarantor. SECTION 8.07 Stay of Acceleration. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon any action or proceeding, of a Borrower or any other Person, or otherwise, all such amounts shall nonetheless be payable by the Guarantors immediately upon demand by the Administrative Agent as and to the extent that the Administrative Agent has the right to demand such amounts pursuant to Section 6.01 hereof. SECTION 8.08 Release of Guarantees. (a) Upon a Guaranty Termination Date, each Guarantor (other than STERIS Corporation, STERIS Limited, STERIS Irish FinCo and the Reporting Entity) shall automatically without delivery of any instrument or performance of any act by any party be released from this 94 Guaranty (for so long as such ratings are maintained at such levels or higher), in each case except to the extent that any such entity remains an obligor in respect of any Existing STERIS Notes, the Revolving Credit Agreement, the Delayed Draw Term Loan Agreement, the Bridge Facility, the Securities or other Material Indebtedness, in which case the Guaranty of such entity shall remain in effect until such indebtedness is repaid or such entity shall cease to be a guarantor thereof. (b) A Guarantor (other than STERIS Corporation, STERIS Limited, STERIS Irish FinCo and the Reporting Entity) that was required to guarantee the Guaranteed Obligations pursuant to Section 5.01(h)(w) shall automatically without delivery of any instrument or performance of any act by any party be released from its obligations hereunder when the applicable indebtedness with respect to which such Guarantor was an obligor is repaid or such entity shall cease to be a guarantor thereof, in each case except to the extent a Guaranty Trigger Period is then in effect, in which case the Guaranty of such entity shall remain in effect until the Guaranty Termination Date. (c) A Guarantor (other than STERIS Corporation, STERIS Limited, STERIS Irish FinCo and the Reporting Entity) shall automatically without delivery of any instrument or performance of any act by any party be released from its obligations hereunder (i) upon the consummation of any transaction permitted by this Agreement as a result of which such Guarantor ceases to be a Subsidiary of the Reporting Entity, (ii) at such time that such Guarantor is no longer (x) a Material Subsidiary of STERIS Corporation that is a Domestic Subsidiary, (y) a Material Subsidiary of Synergy that is organized under the laws of England and Wales (or in the case of Synergy itself, no longer a Material Subsidiary that is organized under the laws of England and Wales) or (z) a Material Subsidiary of the Reporting Entity and a direct or indirect parent of STERIS Corporation that is organized under the laws of Ireland or England and Wales; provided that if the Reporting Entity desires such entity to remain a Guarantor, the Reporting Entity shall notify the Administrative Agent in writing and such entity shall remain a Guarantor, or (iii) upon the occurrence of the applicable circumstances set forth in Section 5.01(h)(y), in which case the applicable guarantee will be void ab initio as set forth therein. (d) In connection with any release pursuant to this Section 8.08, the Administrative Agent shall execute and deliver to any Guarantor, at such Guarantor’s expense, all documents that such Guarantor shall reasonably request to evidence such release. Any execution and delivery of documents pursuant to this Section 8.08 shall be without recourse to or warranty by the Administrative Agent. SECTION 8.09 Guaranty Limitations. Anything herein to the contrary notwithstanding, the maximum liability of each Guarantor hereunder shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable foreign, federal and state bankruptcy, insolvency or receivership laws, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this guarantee and each Guarantor’s obligations hereunder. This Guaranty does not apply to any liability to the extent that it would result in this Guaranty constituting unlawful financial assistance within the meaning of section 678 and 679 of the Companies Act 2006 or under section 82 of the Companies Act 2014 of Ireland (as the case may be) or constituting a breach of section 239 of the Companies Act 2014 of Ireland and, with respect to any Person that
95 becomes a Guarantor after the date of this Agreement, shall be subject to any limitations set forth in the joinder hereto pursuant to which such Person shall become a Guarantor. ARTICLE IX MISCELLANEOUS SECTION 9.01 Amendments, Etc. (a) Subject to Section 2.10(e) and (f), no amendment or waiver of any provision of this Agreement, nor consent to any departure by a Loan Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders and the Loan Parties and acknowledged by the Administrative Agent, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in writing, do any of the following: (i) waive any of the conditions specified in Section 3.01 unless signed by each Lender directly and adversely affected thereby; (ii) increase or extend the Commitments of any Lender or modify the currency in which a Lender is required to make extensions of credit under this Agreement, unless signed by such Lender; (iii) reduce the principal of, or stated rate of interest on, the Advances, the stated rate at which any fees hereunder are calculated, or any other amounts payable hereunder, unless signed by each Lender directly and adversely affected thereby; provided that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Interest” or to waive any obligation of a Borrower to pay Default Interest; (iv) postpone any date fixed for any payment of principal of, or interest on, the Advances or any fees or other amounts payable hereunder, unless signed by each Lender directly and adversely affected thereby; (v) change the percentage of the Commitments or of the aggregate unpaid principal amount of the Advances, or the number of Lenders, that, in each case, shall be required for the Lenders or any of them to take any action hereunder, unless signed by all Lenders; (vi) amend this Section 9.01, unless signed by all Lenders; or (vii) release all or substantially all of the Guarantors from the Guaranty (except as contemplated by Section 8.08) unless signed by all Lenders; and provided, further, that no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement. Notwithstanding the foregoing, the Administrative Agent and the Borrowers may amend any Loan Document to correct any errors, mistakes, omissions, defects or inconsistencies, or to effect administrative changes that are not 96 adverse to any Lender, and such amendment shall become effective without any further consent of any other party to such Loan Document other than the Administrative Agent and the Borrowers. (b) If, in connection with any proposed amendment, waiver or consent requiring the consent of “all Lenders,” “each Lender” or “each Lender directly and adversely affected thereby,” the consent of the Required Lenders is obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a “Non-Consenting Lender”), then the Borrowers may elect to replace a Non-Consenting Lender as a Lender party to this Agreement; provided that, concurrently with such replacement, (i) another bank or other entity (which is reasonably satisfactory to the Borrowers and the Administrative Agent) shall agree, as of such date, to purchase at par for cash the Advances and other Guaranteed Obligations due to the Non-Consenting Lender pursuant to an Assignment and Acceptance and to become a Lender for all purposes under this Agreement and to assume all obligations of the Non-Consenting Lender to be terminated as of such date, and (ii) each Borrower shall pay to such Non-Consenting Lender in same day funds on the day of such replacement all principal, interest, fees and other amounts then accrued but unpaid to such Non- Consenting Lender by such Borrower to and including the date of termination. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. SECTION 9.02 Notices, Etc. (a) All notices and other communications provided for hereunder shall be in writing (including telecopier) and mailed (including email as permitted under Section 9.02(b)), telecopied or delivered, if to a Borrower or the Administrative Agent, to the address, telecopier number or if applicable, electronic mail address, specified for such Person on Schedule II; or, as to a Borrower or the Administrative Agent, at such other address as shall be designated by such party in a written notice to the other parties and, as to each other party, at such other address as shall be designated by such party in a written notice to the Borrowers and the Administrative Agent. All such notices and communications shall, when mailed or telecopied, be effective three Business Days after being deposited in the mails, postage prepaid, or upon confirmation of receipt (except that if electronic confirmation of receipt is received at a time that the recipient is not open for business, the applicable notice or communication shall be effective at the opening of business on the next Business Day of the recipient), respectively, except that notices and communications to the Administrative Agent pursuant to Article II, III or VII shall not be effective until received by the Administrative Agent. Delivery by telecopier or other electronic communication of an executed counterpart of any amendment or waiver of any provision of this Agreement or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a manually executed counterpart thereof. (b) Electronic Communications. Notices and other communications to the Borrowers, any other Loan Party and the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Reporting Entity (in the case of the Borrowers and other Loan Parties) and the Administrative Agent (in the case of the Lenders), provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or any Borrower may, in its discretion, agree to accept notices and other
97 communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. (c) THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrowers, any Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of a Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Platform, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Borrowers, any Lender or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). (d) Each Lender agrees that notice to it (as provided in the next sentence) specifying that any communication has been posted to the Platform shall constitute effective delivery of such information, documents or other materials to such Lender for purposes of this Agreement. Each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Lender acknowledges that it will receive Borrower Materials that may contain material non-public information with respect to a Borrower or its securities for purposes of United States federal or state securities laws. 98 (e) If any notice required under this Agreement is permitted to be made, and is made, by telephone, actions taken or omitted to be taken in reliance thereon by the Administrative Agent or any Lender shall be binding upon the Borrowers notwithstanding any inconsistency between the notice provided by telephone and any subsequent writing in confirmation thereof provided to the Administrative Agent or such Lender; provided that any such action taken or omitted to be taken by the Administrative Agent or such Lender shall have been in good faith and in accordance with the terms of this Agreement. (f) With respect to notices and other communications hereunder from a Borrower to any Lender, such Borrower shall provide such notices and other communications to the Administrative Agent, and the Administrative Agent shall promptly deliver such notices and other communications to any such Lender in accordance with subsection (b) above or otherwise. SECTION 9.03 No Waiver; Remedies. No failure on the part of any Lender or the Administrative Agent to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by applicable law. SECTION 9.04 Costs and Expenses. (a) The Reporting Entity agrees to pay, or cause to be paid, upon demand, all reasonable and documented out-of-pocket costs and expenses of each Agent in connection with the preparation, execution, delivery, administration, modification and amendment of this Agreement and the other documents to be delivered hereunder, including (i) all due diligence, syndication (including printing and distribution), duplication and messenger costs and (ii) the reasonable and documented fees and expenses of a single primary counsel (and a local counsel in each relevant jurisdiction) for the Administrative Agent with respect thereto and with respect to advising the Agents as to their respective rights and responsibilities under this Agreement. The Reporting Entity further agrees to pay, or cause to be paid, upon demand, all reasonable and documented out-of-pocket costs and expenses of the Agents and the Lenders, if any, in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunder, including, without limitation, reasonable and documented fees and expenses of a single primary counsel and an additional single local counsel in any local jurisdictions for the Agents and the Lenders and, in the case of an actual or perceived conflict of interest where the Administrative Agent notifies the Borrowers of the existence of such conflict, one additional counsel, in connection with the enforcement of rights under this Agreement. (b) The Reporting Entity agrees to, and to cause the applicable Borrowers to, indemnify and hold harmless each Agent and Lender and each of their Affiliates and their respective officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and against any and all claims, damages, losses, penalties, liabilities and expenses (provided that the obligations of each Borrower and the Reporting Entity to the Indemnified Parties in respect of fees and expenses of counsel shall be limited to the reasonable fees and expenses of one counsel for all Indemnified Parties, taken together (and, if reasonably necessary, one local counsel in any relevant jurisdiction) and, solely in the case of an actual or potential conflict of interest, of one additional counsel for all Indemnified Parties, taken together (and, if reasonably necessary, one local counsel in any relevant jurisdiction) (all such claims, damages, losses, penalties, liabilities
99 and reasonable expenses being, collectively, the “Losses”)) that may be incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of, or in connection with the preparation for a defense of, any investigation, litigation or proceeding arising out of, related to or in connection with (i) this Agreement, any of the transactions contemplated hereby or the actual or proposed use of the proceeds of the Advances or (ii) the actual or alleged presence of Hazardous Materials on any property of the Consolidated Group or any Environmental Action relating in any way to the Consolidated Group, in each case whether or not such investigation, litigation or proceeding is brought by the Borrowers, their directors, shareholders or creditors or an Indemnified Party or any other Person or any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated, except to the extent Losses (A) are found in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnified Party or any of its Affiliates (including any material breach of its obligations under this Agreement), (B) result from any dispute between an Indemnified Party and one or more other Indemnified Parties (other than against an Agent or Joint Lead Arranger acting in such a role) or (C) result from the claims of one or more Lenders solely against one or more other Lenders (and not claims by one or more Lenders against any Agent acting in its capacity as such except, in the case of Losses incurred by any Agent or any Lender as a result of such claims, to the extent such Losses are found in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence, bad faith or willful misconduct (including any material breach of its obligations under this Agreement)) not attributable to any actions of a member of the Consolidated Group and for which the members of the Consolidated Group otherwise have no liability. The Borrowers further agree that no Indemnified Party shall have any liability (whether direct or indirect, in contract, tort or otherwise) to the Borrowers or any of their shareholders or creditors for or in connection with this Agreement or any of the transactions contemplated hereby or the actual or proposed use of the proceeds of the Advances, except to the extent such liability is found in a final nonappealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence, bad faith or willful misconduct (including any material breach of its obligations under this Agreement). In no event, however, shall any Indemnified Party be liable on any theory of liability for any special, indirect, consequential or punitive damages (including, without limitation, any loss of profits, business or anticipated savings). Notwithstanding the foregoing, this Section 9.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) IfWith respect to Term Benchmark Advances, if any payment of principal of, or Conversion of, any Eurocurrency RateTerm Benchmark Advance is made by a Borrower to or for the account of a Lender other than on the last day of the Interest Period for such Advance, as a result of (i) a payment or Conversion pursuant to Section 2.08, 2.10(e), 2.12 or 2.14, (ii) acceleration of the maturity of the Advances pursuant to Section 6.01, (iii) a payment by an assignee to any Lender other than on the last day of the Interest Period for such Advance upon an assignment of the rights and obligations of such Lender under this Agreement pursuant to Section 9.07 as a result of a demand by such Borrower pursuant to Section 9.07(b) or (iv) for any other reason, such Borrower shall, upon demand by such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any additional reasonable losses, costs or 100 expenses that it may reasonably incur as a result of such payment or Conversion or as a result of any inability to Convert or exchange in the case of Section 2.10 or 2.14, including, without limitation, any reasonable loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 9.04(c) shall be delivered to such Borrower and shall be conclusive absent manifest error. Such Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. (d) With respect to RFR Advances, if any payment of principal of any RFR Advance is made by a Borrower to or for the account of a Lender other than on the RFR Interest Payment Date for such Advance, as a result of (i) a payment pursuant to Section 2.08, 2.10(e), 2.12 or 2.14, (ii) acceleration of the maturity of the Advances pursuant to Section 6.01, (iii) a payment by an assignee to any Lender other than on the RFR Interest Payment Date for such Advance upon an assignment of the rights and obligations of such Lender under this Agreement pursuant to Section 9.07 as a result of a demand by such Borrower pursuant to Section 9.07(b) or (iv) for any other reason, such Borrower shall, upon demand by such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any additional reasonable losses, costs or expenses that it may reasonably incur as a result of such payment or as a result of any inability to exchange in the case of Section 2.10 or 2.14, including, without limitation, any reasonable loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 9.04(d) shall be delivered to such Borrower and shall be conclusive absent manifest error. Such Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. (de) Without prejudice to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations of each Borrower contained in Sections 2.13, 2.16 and 9.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder. SECTION 9.05 Right of Setoff. Upon (a) the occurrence and during the continuance of any Event of Default and (b) the making of the request or the granting of the consent specified by Section 6.01 to authorize the Administrative Agent to declare the Advances due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account of the applicable Borrower against any and all of the obligations of such Borrower now or hereafter existing under this Agreement, whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. Each Lender agrees promptly to notify such Borrower after any such setoff and application is made by such Lender; provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Lender and their Affiliates under this Section 9.05 are in
101 addition to other rights and remedies (including, without limitation, other rights of setoff) that such Lender and their Affiliates may have. SECTION 9.06 Binding Effect. This Agreement became effective on the Closing Date and, thereafter, has been and shall continue to be binding upon and inure to the benefit of, and be enforceable by, the Loan Parties, the Administrative Agent and each Lender and their respective successors and permitted assigns, except that the Loan Parties shall have no right to assign their rights hereunder or any interest herein without the prior written consent of each Lender, and any purported assignment without such consent shall be null and void. SECTION 9.07 Assignments and Participations. (a) Each Lender may, with the consent of (x) the Borrowers, such consent not to be unreasonably withheld or delayed and (y) the Administrative Agent, which consent shall not be unreasonably withheld or delayed, assign to one or more Persons (other than natural persons, Defaulting Lenders, Disqualified Lenders or the Reporting Entity or its Affiliates) all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment or the Advances owing to it); provided that (A) the consent of the Borrowers shall not be required while an Event of Default has occurred and is continuing, (B) the consent of the Borrowers shall be deemed given if the Borrowers shall not have objected within 10 Business Days following receipt of written notice of such proposed assignment, and (C) in the case of an assignment to any other Lender or an Affiliate of any Lender, no such consent shall be required from (x) the Administrative Agent or (y) the Borrowers with respect to assignments by any Lender to its Affiliate or to another Lender; provided that in each such case prior notice thereof shall have been given to the Borrowers and the Administrative Agent. (b) Upon demand by the Borrowers (with a copy of such demand to the Administrative Agent) (w) any Defaulting Lender, (x) any Lender that has made a demand for payment pursuant to Section 2.13 or 2.16, (y) any Lender that has asserted pursuant to Section 2.10(b) or 2.14 that it is impracticable or unlawful for such Lender to make Eurocurrency RateTerm Benchmark Advances or (z) any Lender that fails to consent to an amendment or waiver hereunder for which consent of all Lenders (or all affected Lenders) is required and as to which the Required Lenders shall have given their consent, will assign to one or more Persons designated by the Borrowers all of its rights and obligations under this Agreement (including, without limitation, all of its Commitment or the Advances owing to it). (c) In each such case, (A) each such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under this Agreement; (B) except in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender or an Affiliate of a Lender or an assignment of all of a Lender’s rights and obligations under this Agreement, the amount of the Commitment or Advances of the assigning Lender being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than $10,000,000 or an integral 102 multiple of $1,000,000 in excess thereof, unless otherwise agreed by the Borrowers and the Administrative Agent; (C) [Reserved]; (D) each such assignment made as a result of a demand by the Borrowers pursuant to Section 9.07(b) shall be arranged by the Borrowers with the approval of the Administrative Agent (which approval shall not be unreasonably withheld) and shall be either an assignment of all of the rights and obligations of the assigning Lender under this Agreement or an assignment of a portion of such rights and obligations made concurrently with another such assignment or other such assignments that, in the aggregate, cover all of the rights and obligations of the assigning Lender under this Agreement; (E) no Lender shall be obligated to make any such assignment as a result of a demand by the Borrowers pursuant to Section 9.07(b), (1) unless and until such Lender shall have received one or more payments from one or more assignees in an aggregate amount at least equal to the aggregate outstanding principal amount of the Advances owing to such Lender, together with accrued interest thereon to the date of payment of such principal amount, and from the Reporting Entity or one or more assignees in an aggregate amount equal to all other amounts accrued to such Lender under this Agreement (including, without limitation, any amounts owing under Section 2.13, 2.16 or, 9.04(c) or 9.04(d)) and (2) unless and until the Reporting Entity shall have paid (or caused to be paid) to the Administrative Agent a processing and recordation fee of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and (F) the parties to each such assignment (other than, except in the case of a demand by the Borrowers pursuant to Section 9.07(b), the Borrowers) shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register, an Assignment and Acceptance and, if such assignment does not occur as a result of a demand by the Borrowers pursuant to Section 9.07(b) (in which case the Reporting Entity shall pay or cause to be paid the fee required by subclause (E)(3) of Section 9.07(c)), a processing and recordation fee of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. (d) Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender hereunder and (y) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its
103 rights and be released from its obligations under this Agreement, except that such assigning Lender shall continue to be entitled to the benefit of Sections 9.04(a) and (b) with respect to matters arising out of the prior involvement of such assigning Lender as a Lender hereunder (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto). (e) By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers or the performance or observance by the Borrowers of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the financial statements referred to in Section 4.01(e) and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon any Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) [Reserved]; (vi) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a Lender. (f) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee, the Administrative Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of Exhibit B hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the Borrowers. 104 (g) The Administrative Agent, acting solely for this purpose as the agent of the Borrowers, shall maintain at its address referred to in Section 9.02(a) a copy of each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Commitments and Advances of, and principal amount (and stated interest) of the Advances owing to, each Lender from time to time (the “Register”). The entries in the Register shall be conclusive and binding for all purposes, absent demonstrable error, and the Borrowers, the Agents and the Lenders shall treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice. (h) Each Lender may sell participations to one or more banks or other entities (other than the Borrowers or any of their Affiliates, any Defaulting Lender, any Disqualified Lender or any natural person) in or to all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment and the Advances owing to it) without the consent of the Administrative Agent or the Borrowers; provided, however, that: (i) such Lender’s obligations under this Agreement (including, without limitation, its Commitment) shall remain unchanged; (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations; (iii) such Lender shall remain the Lender of any such Advance for all purposes of this Agreement; (iv) the Borrowers, the Agents and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement; and (v) no participant under any such participation shall have any right to approve any amendment or waiver of any provision of this Agreement, or any consent to any departure by the Borrowers herefrom or therefrom, except as to matters requiring the approval of all the Lenders pursuant to Section 9.01. Each Lender shall promptly notify the Borrowers after any sale of a participation by such Lender pursuant to this Section 9.07(h); provided that the failure of such Lender to give notice to the Borrowers as provided herein shall not affect the validity of such participation or impose any obligations on such Lender or the applicable participant. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each participant’s interest in the Advances or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant’s interest in
105 any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent demonstrable error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. (i) Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.07, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Borrowers furnished to such Lender by or on behalf of the Borrowers; provided that, prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any Information relating to the Borrowers received by it from such Lender as more fully set forth in Section 9.08 and subject to the requirements of Section 9.08 (it being understood that, notwithstanding anything to the contrary set forth in such agreement, the Borrowers shall be third party beneficiaries of such agreement). (j) Notwithstanding any other provision set forth in this Agreement, any Lender may at any time create a security interest in all or any portion of its rights under this Agreement (including, without limitation and the Advances owing to it) to secure obligations of such Lender, including, without limitation, any pledge or assignment to secure obligations in favor of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors of the Federal Reserve System or any central bank having jurisdiction over such Lender. (k) Notwithstanding the foregoing, the Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions relating to Disqualified Lenders. Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or participant or prospective Lender or participant is a Disqualified Lender or (y) have any liability with respect to or arising out of any assignment or participation of loans, or disclosure of confidential information, to, or the restrictions on any exercise of rights or remedies of, any Disqualified Lender. The list of Disqualified Lenders may be provided on a confidential basis to Lenders and to potential assignees and participants. SECTION 9.08 Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process (provided that the Administrative Agent or Lender, as 106 applicable, agrees that it will, to the extent practicable and other than with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority, notify the Borrowers promptly thereof, unless such notification is prohibited by law, rule or regulation), (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or any action or proceeding relating to this Agreement or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective party (or its managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and other representatives) to any swap or derivative or similar transaction under which payments are to be made by reference to the Borrowers and their obligations, this Agreement or payments hereunder, (iii) any rating agency, or (iv) the CUSIP Service Bureau or any similar organization, (g) with the consent of the Borrowers, (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a non-confidential basis from a source other than the Borrowers or (i) with respect to the existence of this Agreement and information about this Agreement, to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent or any Lender in connection with the administration of this Agreement, the other Loan Documents, and the Commitments and Advances. For purposes of this Section, “Information” means this Agreement and the other Loan Documents and all information received from the Consolidated Group relating to the Consolidated Group or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a non-confidential basis prior to disclosure by the Consolidated Group. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information but in any case reasonable care. SECTION 9.09 [Reserved]. SECTION 9.10 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. SECTION 9.11 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to (x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to Section 9.02), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an Electronic Signature transmitted by telecopier, facsimile or in a pdf or similar file shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable; provided, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any
107 Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of any Borrower or any other Loan Party without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the reasonable request of the Administrative Agent, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, each Borrower and each Loan Party hereby (i) agrees that, for all purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, and the Borrowers and the other Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original, (ii) each other party hereto may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (iv) waives any claim against any other party hereto or any Related Party of any such Person for any losses, claims (including intraparty claims), demands, damages, penalties or liabilities of any kind arising solely from reliance by any party hereto on or use of Electronic Signatures and/or transmissions by telecopy, emailed pdf or any other electronic means that reproduces an image of an actual executed signature page, including any losses, claims (including intraparty claims), demands, damages, penalties or liabilities of any kind arising as a result of the failure of any Borrower and/or any Loan Party to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature. SECTION 9.12 Jurisdiction, Etc. (a) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any federal court of the United States of the Southern District of New York sitting in the city of New York in the Borough of Manhattan (or in the event such courts lack subject matter jurisdiction, any New York State court sitting in the city of New York in the Borough of Manhattan), and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding shall be heard and determined in any such court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to 108 the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. (c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. The Loan Parties hereby appoint STERIS Corporation, 5960 Heisley Road, Mentor, Ohio 44060-1834, or should it subsequently have its principal place of business in The City of New York, at such principal place of business notified to the Administrative Agent, as their agent for service of process, and agree that service of any process, summons, notice or document by hand delivery or registered mail upon such agent shall be effective service of process for any suit, action or proceeding brought in any court referenced in Section 9.12(b). SECTION 9.13 Patriot Act Notice. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Loan Parties that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Loan Parties, which information includes the name and address of the Loan Parties and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Loan Parties in accordance with the Patriot Act. The Loan Parties shall provide, to the extent commercially reasonable, such information and take such actions as are reasonably requested by the Administrative Agent or any Lenders in order to assist the Administrative Agent and the Lenders in maintaining compliance with the Patriot Act. SECTION 9.14 No Advisory or Fiduciary Responsibility. In its capacity as an Agent or a Lender, (a) no Agent or Lender has any responsibility except as set forth herein and (b) no Agent or Lender shall be subject to any fiduciary duties or other implied duties (to the extent permitted by law to be waived). Each of the Borrowers agrees that it will not take any position or bring any claim against any Agent or any Lender that is contrary to the preceding sentence. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof), the Borrowers acknowledge and agree that: (i) the arranging and other services regarding this Agreement provided by the Agents and the Lenders are arm’s-length commercial transactions between the Borrowers and their Affiliates, on the one hand, and the Agents and the Lenders, on the other hand; (ii) each Agent and each Lender is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor or agent for the Borrowers or any of their Affiliates, or any other Person; and (iii) the Agents, the Lenders and each of their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrowers and their Affiliates, and no Agent or Lender has any obligation to disclose any of such interests to the Borrowers or their Affiliates. SECTION 9.15 Waiver of Jury Trial. Each of the parties hereto hereby irrevocably waives all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the actions of the parties hereto in the negotiation, administration, performance or enforcement thereof.
109 SECTION 9.16 Conversion of Currencies. If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. The obligations of the Loan Parties in respect of any sum due to any party hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss with respect to such Borrower. The obligations of each Borrower contained in this Section 9.16 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder. SECTION 9.17 [Reserved]. SECTION 9.18 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any of the parties hereto, each party hereto (for purposes of this Section 9.18, the “Acknowledging Party”) acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority, and each Acknowledging Party agrees and consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to the Acknowledging Party by any party hereto that is an Affected Financial Institution; and (b) the effects of any Bail-In Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to the Acknowledging Party or otherwise conferred on the Acknowledging Party, and that such shares or other instruments of ownership will be accepted by the Acknowledging Party in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 110 (iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. [SIGNATURE PAGES FOLLOW]
[Signature Page to Term Loan Agreement] IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written. STERIS PLC, as a Borrower and as a Guarantor By: Name: Title: STERIS LIMITED, as a Borrower and as a Guarantor By: Name: Title: STERIS CORPORATION, as a Borrower and as a Guarantor By: Name: Title: STERIS IRISH FINCO UNLIMITED COMPANY, as a Borrower and as a Guarantor By: Name: Title: [Signature Page to Term Loan Agreement] JPMORGAN CHASE BANK, N.A., as Administrative Agent and a Lender By: Name: Title:
[Signature Page to Term Loan Agreement][], as a Lender By: Name: Title: [Signature Page to Term Loan Agreement][], as a Lender By: Name: Title:
[Signature Page to Term Loan Agreement][], as a Lender By: Name: Title: [Signature Page to Term Loan Agreement] _______________, as a Lender By: Name: Title:
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