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ARTICLE I                                     DEFINITIONS; PRINCIPLES OF CONSTRUCTION

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Section 1.1

Defined Terms

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Section 1.2

Rules of Interpretation

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ARTICLE II                                 THE TRUST ESTATES

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Section 2.1

Declaration of First Priority Trust

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Section 2.2

Declaration of Second Priority Trust

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Section 2.3

Declaration of Other Junior Lien Trust

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Section 2.4

Escrow

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Section 2.5

Priority of Liens

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Section 2.6

Enforcement of Liens

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Section 2.7

Special Rights in Insolvency Proceedings

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Section 2.8

Pledged Collateral Shared Equally and Ratably Within Each Class

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Section 2.9

Additional Obligations and Guarantees

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ARTICLE III                             OBLIGATIONS AND POWERS OF COLLATERAL AGENT

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Section 3.1

Undertaking of the Collateral Agent

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Section 3.2

Release or Subordination of Liens

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Section 3.3

Remedies Upon Actionable Default

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Section 3.4

Application of Proceeds

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Section 3.5

Powers of the Collateral Agent

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Section 3.6

Documents and Communications

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Section 3.7

For Sole and Exclusive Benefit of Holders of Secured Obligations

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Section 3.8

Additional Secured Debt

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ARTICLE IV                             VOTING; INTERCREDITOR MATTERS

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Section 4.1

Voting

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Section 4.2

Intercreditor Decisions

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Section 4.3

Purchase of Working Capital Facility

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Section 4.4

Limitations upon Indebtedness

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ARTICLE V                                 OBLIGATIONS ENFORCEABLE BY THE COMPANY AND THE OTHER OBLIGORS

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Section 5.1

Release of Liens

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Section 5.2

Delivery of Copies to Secured Debt Representatives

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Section 5.3

Collateral Agent not Required to Serve, File or Record

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ARTICLE VI                             IMMUNITIES OF THE COLLATERAL AGENT

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Section 6.1

No Implied Duty

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Section 6.2

Appointment of Agents and Advisors

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Section 6.3

Other Agreements

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Section 6.4

Solicitation of Instructions

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Section 6.5

Limitation of Liability

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Section 6.6

Documents in Satisfactory Form

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Section 6.7

Entitled to Rely

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Section 6.8

Secured Debt Default

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Section 6.9

Actions by Collateral Agent

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Section 6.10

Security or Indemnity in favor of the Collateral Agent

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Section 6.11

Rights of the Collateral Agent

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Section 6.12

Limitations on Duty of Collateral Agent in Respect of Collateral

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Section 6.13

Assumption of Rights, Not Assumption of Duties

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Section 6.14

No Liability for Clean Up of Hazardous Materials

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ARTICLE VII                         RESIGNATION AND REMOVAL OF THE COLLATERAL AGENT

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Section 7.1

Resignation or Removal of Collateral Agent

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Section 7.2

Appointment of Successor Collateral Agent

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Section 7.3

Succession

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ARTICLE VIII                     MISCELLANEOUS PROVISIONS

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Section 8.1

Amendment

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Section 8.2

Further Assurances

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Section 8.3

Successors and Assigns

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Section 8.4

Delay and Waiver

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Section 8.5

Notices

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Section 8.6

Notice of Discharge

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Section 8.7

Entire Agreement

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Section 8.8

Compensation; Expenses

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Section 8.9

Indemnity

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Section 8.10

Severability

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Section 8.11

Headings

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Section 8.12

Obligations Secured

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Section 8.13

Governing Law

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Section 8.14

Waiver of Jury Trial

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Section 8.15

Jurisdiction

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Section 8.16

Counterparts

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Section 8.17

Effectiveness

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Section 8.18

Additional Obligors

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Section 8.19

Continuing Nature of this Agreement

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