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ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

1

Section 1.1

Defined Terms

1

Section 1.2

Other Interpretive Provisions

62

Section 1.3

Accounting Terms

63

Section 1.4

Rounding

63

Section 1.5

Times of Day

63

Section 1.6

Letter of Credit Amounts

63

ARTICLE II

THE COMMITMENTS AND CREDIT EXTENSIONS

64

Section 2.1

The Loans; The Pre-Funded L/C Deposit Account

64

Section 2.2

Borrowings, Conversions and Continuations of Loans

67

Section 2.3

Letters of Credit

69

Section 2.4

Optional and Mandatory Prepayments

81

Section 2.5

Termination or Reduction of Commitments; Reduction of Pre-Funded L/C Facility

85

Section 2.6

Repayment of Loans

86

Section 2.7

Interest

86

Section 2.8

Fees

87

Section 2.9

Computation of Interest and Fees

88

Section 2.10

Evidence of Debt

88

Section 2.11

Payments Generally; Administrative Agents Clawback

89

Section 2.12

Sharing of Payments by Lenders

91

Section 2.13

Incremental Term Loan Commitments

91

Section 2.14

Incremental RL Commitments

94

ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY

96

Section 3.1

Taxes

96

Section 3.2

Illegality

98

Section 3.3

Inability to Determine Rates

98

Section 3.4

Increased Costs; Capital Adequacy; Reserves on Eurodollar Rate Loans

98

Section 3.5

Compensation for Losses

100

Section 3.6

Mitigation Obligations; Replacement of Lenders

101

Section 3.7

Survival

101

Section 3.8

Application to Pre-Funded L/C Participation Fees

101

ARTICLE IV

CONDITIONS PRECEDENT TO EFFECTIVENESS AND CREDIT EXTENSIONS

102

Section 4.1

Conditions of Effectiveness and Initial Credit Extension

102

Section 4.2

Conditions to All Credit Extensions

104

ARTICLE V

REPRESENTATIONS AND WARRANTIES

105

Section 5.1

Existence, Qualification and Power; Compliance with Laws

105

Section 5.2

Authorization; No Contravention

106

Section 5.3

Governmental Authorization; Other Consents

106

Section 5.4

Binding Effect

106

Section 5.5

Financial Statements; No Material Adverse Effect

106

Section 5.6

Litigation

107

Section 5.7

No Default

107

Section 5.8

Ownership of Property; Liens

107

Section 5.9

Environmental Matters

107

Section 5.10

Insurance

108

Section 5.11

Taxes

109

Section 5.12

ERISA Compliance

109

Section 5.13

Subsidiaries; Equity Interests

109

Section 5.14

Margin Regulations; Investment Company Act

110

Section 5.15

Disclosure

110

Section 5.16

Compliance with Laws

110

Section 5.17

Intellectual Property; Licenses, Etc

111

Section 5.18

Solvency

111

Section 5.19

Perfection, Etc

111

ARTICLE VI

AFFIRMATIVE COVENANTS

112

Section 6.1

Financial Statements

112

Section 6.2

Certificates; Other Information

113

Section 6.3

Notices

115

Section 6.4

Preservation of Existence, Etc

115

Section 6.5

Maintenance of Material Properties

116

Section 6.6

Maintenance of Insurance

116

Section 6.7

Compliance with Laws

116

Section 6.8

Books and Records

116

Section 6.9

Inspection Rights

116

Section 6.10

Use of Proceeds

116

Section 6.11

Additional Loan Parties; Security Interests

117

Section 6.12

Further Assurances

118

Section 6.13

Florida Mortgaged Properties

118

Section 6.14

Sale Note, etc

119

Section 6.15

Title Companies, Local Counsel Opinions