Common use of Page Clause in Contracts

Page. SECTION 1. DEFINITIONS; INTERPRETATION 1 Section 1.1. Definitions 1 Section 1.2. Interpretation 13 Section 1.3. Change in Accounting Principles 14 SECTION 2. THE CREDIT FACILITIES 14 Section 2.1. Commitments 14 Section 2.2. Letters of Credit 15 Section 2.3. Applicable Interest Rates 18 Section 2.4. Manner of Borrowing Loans and Designating Applicable Interest Rates 19 Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans 20 Section 2.6. Maturity of Loans 21 Section 2.7. Prepayments 21 Section 2.8. Place and Application of Payments 21 Section 2.9. Commitment Terminations 22 Section 2.10. The Notes 23 Section 2.11. Fees 23 Section 2.12. Swing Loans 24 SECTION 3. CONDITIONS PRECEDENT 26 Section 3.1. All Credit Events 26 Section 3.2. Initial Credit Event 26 SECTION 4. THE GUARANTIES 28 Section 4.1. Guaranties 28 Section 4.2. Further Assurances 28 Section 4.3. Guarantor Release 28 Section 4.4. Exclusion of Foreign Subsidiaries 28 SECTION 5. REPRESENTATIONS AND WARRANTIES 28 Section 5.1. Organization and Qualification 28 Section 5.2. Authority and Enforceability 29 Section 5.3. Financial Reports 29 Section 5.4. No Material Adverse Effect 29 Section 5.5. Litigation and other Controversies 29 Section 5.6. True and Complete Disclosure 30 Section 5.7. Use of Proceeds; Margin Stock 30 Section 5.8. Taxes 30 Section 5.9. ERISA 30 Section 5.10. Material Subsidiaries 30 Section 5.11. Compliance with Laws 30 Section 5.12. Environmental Matters 31 Section 5.13. Investment Company; Public Utility Holding Company 31 Section 5.14. Intellectual Property 31 Section 5.15. Good Title 31 Section 5.16. Labor Relations 32 Section 5.17. Indebtedness 32 Section 5.18. Capitalization 32 Section 5.19. Other Agreements 32 Section 5.20. Governmental Authority and Licensing 32 Section 5.21. Approvals 32 Section 5.22. Affiliate Transactions 33 Section 5.23. Solvency 33 SECTION 6. COVENANTS 33 Section 6.1. Information Covenants 33 Section 6.2. Inspections 35 Section 6.3. Maintenance of Property, Insurance, Environmental Matters, etc 35 Section 6.4. Preservation of Existence 36 Section 6.5. Compliance with Laws 36 Section 6.6. ERISA 36 Section 6.7. Payment of Taxes 37 Section 6.8. Contracts With Affiliates 37 Section 6.9. No Changes in Fiscal Year 37 Section 6.10. Change in the Nature of Business 37 Section 6.11. Indebtedness 37 Section 6.12. Liens 38 Section 6.13. Consolidation, Merger, Sale of Assets, etc 39 Section 6.14. Advances, Investments and Loans 40 Section 6.15. Limitation on Restrictions 42 Section 6.16. Notice of the Creation of Subsidiaries 42 Section 6.17. Dividends and Other Restricted Payments 42 Section 6.18. Financial Covenants 42 Section 6.19. Limitation on Non-Material Subsidiaries 42 SECTION 7. EVENTS OF DEFAULT AND REMEDIES 43 Section 7.1. Events of Default 43 Section 7.2. Non-Bankruptcy Defaults 45 Section 7.3. Bankruptcy Defaults 45 Section 7.4. Collateral for Undrawn Letters of Credit 45 Section 7.5. Notice of Default 46 Section 7.6. Expenses 46

Page. SECTION 1. DEFINITIONS; INTERPRETATION The Credits 1 Section 1.1. Definitions Revolving Credit 1 Section 1.2. Interpretation 13 Revolving Credit Loans 1 Section 1.3. Change in Accounting Principles 14 SECTION 2. THE CREDIT FACILITIES 14 Section 2.1. Commitments 14 Section 2.2. Letters of Credit 15 2 Section 1.4. Term Credit 3 Section 1.5. Manner and Disbursement of Loans 4 Section 2. Interest and Change In Circumstances 5 Section 2.1. Interest Rate Options 5 Section 2.2. Minimum LIBOR Portions 6 Section 2.3. Applicable Computation of Interest Rates 18 6 Section 2.4. Manner of Borrowing Loans and Designating Applicable Interest Rates 19 Rate Selection 6 Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans 20 Change of Law 6 Section 2.6. Maturity 2.6 Unavailability of Loans 21 Deposits or Inability to Ascertain Adjusted LIBOR 7 Section 2.7. Prepayments 21 Taxes and Increased Costs 7 Section 2.8. Funding Indemnity 8 Section 2.9. Lending Branch 8 Section 2.10. Discretion of Lender as to Manner of Funding 8 Section 3. Fees, Prepayments, Terminations, and Applications 9 Section 3.1. Fees 9 Section 3.2. Voluntary Prepayments 9 Section 3.3. Mandatory Termination 10 Section 3.4. Voluntary Terminations 10 Section 3.5. Place and Application of Payments 21 10 Section 2.93.6. Commitment Terminations 22 Notations 10 Section 2.10. The Notes 23 Section 2.11. Fees 23 Section 2.12. Swing Loans 24 SECTION 3. CONDITIONS PRECEDENT 26 Section 3.1. All Credit Events 26 Section 3.2. Initial Credit Event 26 SECTION 4. THE GUARANTIES 28 Definitions; Interpretation 11 Section 4.1. Guaranties 28 Definitions 11 Section 4.2. Further Assurances 28 Interpretation 17 Section 4.3. Guarantor Release 28 Section 4.4. Exclusion of Foreign Subsidiaries 28 SECTION 5. REPRESENTATIONS AND WARRANTIES 28 Representations and Warranties 18 Section 5.1. Organization and Qualification 28 18 Section 5.2. Authority and Enforceability 29 Subsidiaries 18 Section 5.3. Financial Reports 29 Corporate Authority and Validity of Obligations 19 Section 5.4. No Material Adverse Effect 29 Section 5.5. Litigation and other Controversies 29 Section 5.6. True and Complete Disclosure 30 Section 5.7. Use of Proceeds; Margin Stock 30 19 Section 5.5. Financial Reports 19 Section 5.6. No Material Adverse Change 20 Section 5.7. Full Disclosure 20 Section 5.8. Taxes 30 Good Title 20 Section 5.9. ERISA 30 Litigation and Other Controversies 20 Section 5.10. Material Subsidiaries 30 Taxes 20 Section 5.11. Compliance with Laws 30 Approvals 21 Section 5.12. Environmental Matters 31 Affiliate Transactions 21 Section 5.13. Investment Company; Public Utility Holding Company 31 Section 5.1421 Section5.14. Intellectual Property 31 Section 5.15. Good Title 31 Section 5.16. Labor Relations 32 Section 5.17. Indebtedness 32 Section 5.18. Capitalization 32 Section 5.19. Other Agreements 32 Section 5.20. Governmental Authority and Licensing 32 Section 5.21. Approvals 32 Section 5.22. Affiliate Transactions 33 Section 5.23. Solvency 33 SECTION 6. COVENANTS 33 Section 6.1. Information Covenants 33 Section 6.2. Inspections 35 Section 6.3. Maintenance of Property, Insurance, Environmental Matters, etc 35 Section 6.4. Preservation of Existence 36 Section 6.5ERISA 21 Section5.15. Compliance with Laws 36 21 Section 6.65.16. Other Agreements 22 Section 5.17. Merger 22 Section 5.18. No Default 22 Section 6. Conditions Precedent 22 Section 6.1. All Advances 23 Section 6.2. Initial Advance 23 Section 7. Covenants 24 Section 7.1. Maintenance of Business 24 Section 7.2. Maintenance of Properties 25 Section 7.3. Taxes and Assessments 25 Section 7.4. Insurance 25 Section 7.5. Financial Reports 26 Section 7.6. Inspection 27 Section 7.7. Non-Performing Assets 28 Section 7.8. Regulatory Capital Requirements 28 Section 7.9. Adjusted Net Worth 28 Section 7.10. Adjusted Net Income 28 Section 7.11. Indebtedness for Borrowed Money 28 Section 7.12. Liens 30 Section 7.13. Mergers and Consolidations 30 Section 7.14. Maintenance of Subsidiaries 30 Section 7.15. Dividends and Certain Other Restricted Payments 30 Section 7.16. ERISA 36 30 Section 6.77.17. Payment of Taxes 37 Compliance with Laws 30 Section 6.87.18. Burdensome Contracts With Affiliates 37 31 Section 6.9. No Changes in Fiscal Year 37 Section 6.107.19. Change in the Nature of Business 37 31 Section 6.117.20. Indebtedness 37 Subordinated Debt 31 Section 6.12. Liens 38 Section 6.13. Consolidation, Merger, Sale of Assets, etc 39 Section 6.14. Advances, Investments and Loans 40 Section 6.15. Limitation on Restrictions 42 Section 6.16. Notice of the Creation of Subsidiaries 42 Section 6.17. Dividends and Other Restricted Payments 42 Section 6.18. Financial Covenants 42 Section 6.19. Limitation on Non-Material Subsidiaries 42 SECTION 7. EVENTS OF DEFAULT AND REMEDIES 43 Section 7.18. Events of Default 43 and Remedies 31 Section 7.28.1. Events of Default 31 Section 8.2. Non-Bankruptcy Defaults 45 33 Section 7.38.3. Bankruptcy Defaults 45 33 Section 7.48.4. Collateral for Undrawn Letters of Credit 45 Section 7.5. Notice of Default 46 Section 7.6. Expenses 4634

Page. SECTION 1. DEFINITIONSTitle to Property; INTERPRETATION 1 Leases 7 Section 1.1. Definitions 1 5.11 Licenses, Permits, Etc 7 Section 1.2. Interpretation 13 5.12 Compliance with ERISA 8 Section 1.3. Change in Accounting Principles 14 SECTION 2. THE CREDIT FACILITIES 14 5.13 Private Offering by the Company 9 Section 2.1. Commitments 14 Section 2.2. Letters of Credit 15 Section 2.3. Applicable Interest Rates 18 Section 2.4. Manner of Borrowing Loans and Designating Applicable Interest Rates 19 Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans 20 Section 2.6. Maturity of Loans 21 Section 2.7. Prepayments 21 Section 2.8. Place and Application of Payments 21 Section 2.9. Commitment Terminations 22 Section 2.10. The Notes 23 Section 2.11. Fees 23 Section 2.12. Swing Loans 24 SECTION 3. CONDITIONS PRECEDENT 26 Section 3.1. All Credit Events 26 Section 3.2. Initial Credit Event 26 SECTION 4. THE GUARANTIES 28 Section 4.1. Guaranties 28 Section 4.2. Further Assurances 28 Section 4.3. Guarantor Release 28 Section 4.4. Exclusion of Foreign Subsidiaries 28 SECTION 5. REPRESENTATIONS AND WARRANTIES 28 Section 5.1. Organization and Qualification 28 Section 5.2. Authority and Enforceability 29 Section 5.3. Financial Reports 29 Section 5.4. No Material Adverse Effect 29 Section 5.5. Litigation and other Controversies 29 Section 5.6. True and Complete Disclosure 30 Section 5.7. 5.14 Use of Proceeds; Margin Stock 30 Regulations 9 Section 5.8. Taxes 30 5.15 Existing Debt; Future Liens 9 Section 5.9. ERISA 30 5.16 Foreign Assets Control Regulations, Etc 10 Section 5.10. Material Subsidiaries 30 5.17 Status under Certain Statutes 10 Section 5.11. Compliance with Laws 30 5.18 Investment Company Act 10 Section 5.12. 5.19 Environmental Matters 31 11 Section 5.13. Investment Company; Public Utility Holding Company 31 5.20 Notes Rank Pari Passu 11 Section 5.14. Intellectual Property 31 Section 5.15. Good Title 31 Section 5.16. Labor Relations 32 Section 5.17. Indebtedness 32 Section 5.18. Capitalization 32 Section 5.19. Other Agreements 32 Section 5.20. Governmental Authority 5.21 Credit and Licensing 32 Section 5.21. Approvals 32 Section 5.22. Affiliate Transactions 33 Section 5.23. Solvency 33 Collection Policy 11 SECTION 6. COVENANTS 33 REPRESENTATIONS OF THE PURCHASERS 11 Section 6.1. Information Covenants 33 6.1 Purchase for Investment 11 Section 6.2. Inspections 35 6.2 Source of Funds 12 Section 6.3. Maintenance of Property, Insurance, Environmental Matters, etc 35 Section 6.4. Preservation of Existence 36 Section 6.5. Compliance with Laws 36 Section 6.6. ERISA 36 Section 6.7. Payment of Taxes 37 Section 6.8. Contracts With Affiliates 37 Section 6.9. No Changes in Fiscal Year 37 Section 6.10. Change in the Nature of Business 37 Section 6.11. Indebtedness 37 Section 6.12. Liens 38 Section 6.13. Consolidation, Merger, Sale of Assets, etc 39 Section 6.14. Advances, Investments and Loans 40 Section 6.15. Limitation on Restrictions 42 Section 6.16. Notice of the Creation of Subsidiaries 42 Section 6.17. Dividends and Other Restricted Payments 42 Section 6.18. Financial Covenants 42 Section 6.19. Limitation on Non-Material Subsidiaries 42 6.3 Accredited Investor 13 SECTION 7. EVENTS INFORMATION AS TO COMPANY 13 Section 7.1 Financial and Business Information 13 Section 7.2 Officer’s Certificate 15 Section 7.3 Inspection 16 SECTION 8. PREPAYMENT OF DEFAULT AND REMEDIES 43 THE NOTES 16 Section 7.18.1 Required Prepayments 16 Section 8.2 Optional Prepayments with Make-Whole Amount 16 Section 8.3 Prepayment for Tax Reasons 17 Section 8.4 Allocation of Partial Prepayments 18 Section 8.5 Maturity; Surrender, Etc 18 Section 8.6 Purchase of Notes 18 Section 8.7 Make-Whole Amount 18 Section 8.8 Payments Free and Clear of Taxes 20 SECTION 9. Events of Default 43 AFFIRMATIVE COVENANTS 23 Section 7.2. Non-Bankruptcy Defaults 45 Section 7.3. Bankruptcy Defaults 45 Section 7.4. Collateral for Undrawn Letters of Credit 45 Section 7.5. Notice of Default 46 Section 7.6. Expenses 469.1 Compliance with Law 23 SECTION HEADING

Page. SECTION 1. DEFINITIONS; INTERPRETATION 1 Definitions 2 Section 1.1. 1.1 Use of Defined Terms 2 Section 1.2 Definitions 1 2 Section 1.2. Interpretation 1.3 Certain Words and References 7 Article II — Determination and Representations 8 Section 2.1 Determinations of the Director 8 Section 2.2 Representations, Warranties and Agreements of the Company 8 Section 2.3 Miscellaneous Information Regarding the Company 10 Article III — Loan, Provision of the Project and Conditions to Disbursement 12 Section 3.1 State Loan 12 Section 3.2 Provision of the Project 12 Section 3.3 Establishment Of Completion Date 12 Section 3.4 Company Required to Pay Costs in Event State Loan Proceeds Insufficient 13 Section 1.3. Change in Accounting Principles 14 SECTION 2. THE CREDIT FACILITIES 3.5 Plans and Specifications; Inspections 13 Section 3.6 Conditions to Disbursement of the State Loan 14 Section 2.13.7 Disbursement of the State Loan 15 Article IV — Maintenance, Taxes and Insurance 17 Section 4.1 Maintenance and Modifications of Project by the Company 17 Section 4.2 Removal of Project Facilities. Commitments 14 17 Section 2.2. Letters of Credit 15 4.3 Indemnification by the Company 17 Section 2.3. Applicable Interest Rates 4.4 Taxes, Other Governmental Charges and Utility Charges 18 Section 2.4. Manner of Borrowing Loans and Designating Applicable Interest Rates 19 4.5 Advances 18 Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans 20 Section 2.6. Maturity of Loans 21 Section 2.7. Prepayments 21 Section 2.8. Place and Application of Payments 21 Section 2.9. Commitment Terminations 4.6 Environmental Matters 18 Article V — Special Covenants 22 Section 2.10. 5.1 No Warranty of Condition or Suitability 22 Section 5.2 Right of Access to the Project 22 Section 5.3 Information Concerning Operations 22 Section 5.4 Affirmative Covenants Of The Notes 23 Company 22 Section 2.11. Fees 23 5.5 Negative Covenants Of The Company 25 Section 2.12. Swing Loans 24 SECTION 3. CONDITIONS PRECEDENT 5.6 Mechanics’ and Other Liens 26 Section 3.1. All Credit Events 26 Section 3.2. Initial Credit Event 26 SECTION 4. THE GUARANTIES 28 Section 4.1. Guaranties 28 Section 4.2. Further Assurances 28 Section 4.3. Guarantor Release 28 Section 4.4. Exclusion of Foreign Subsidiaries 28 SECTION 5. REPRESENTATIONS AND WARRANTIES 28 Section 5.1. Organization and Qualification 28 Section 5.2. Authority and Enforceability 29 Section 5.3. Financial Reports 29 Section 5.4. No Material Adverse Effect 29 Section 5.5. Litigation and other Controversies 29 Section 5.6. True and Complete Disclosure 30 Section 5.7. Use of Proceeds; Margin Stock 30 Section 5.8. Taxes 30 Section 5.9. ERISA 30 Section 5.10. Material Subsidiaries 30 Section 5.11. Compliance with Laws 30 Section 5.12. Environmental Matters 31 Section 5.13. Investment Company; Public Utility Holding Company 31 Section 5.14. Intellectual Property 31 Section 5.15. Good Title 31 Section 5.16. Labor Relations 32 Section 5.17. Indebtedness 32 Section 5.18. Capitalization 32 Section 5.19. Other Agreements 32 Section 5.20. Governmental Authority and Licensing 32 Section 5.21. Approvals 32 Section 5.22. Affiliate Transactions 33 Section 5.23. Solvency 33 SECTION 6. COVENANTS 33 Section 6.1. Information Covenants 33 Section 6.2. Inspections 35 Section 6.3. Maintenance of Property, Insurance, Environmental Matters, etc 35 Section 6.4. Preservation of Existence 36 Section 6.5. Compliance with Laws 36 Section 6.6. ERISA 36 Section 6.7. Payment of Taxes 37 Section 6.8. Contracts With Affiliates 37 Section 6.9. No Changes in Fiscal Year 37 Section 6.10. Change in the Nature of Business 37 Section 6.11. Indebtedness 37 Section 6.12. Liens 38 Section 6.13. Consolidation, Merger5.7 Assignment, Sale of Assets, etc 39 Section 6.14. Advances, Investments and Loans 40 Section 6.15. Limitation on Restrictions 42 Section 6.16. Notice of or Lease by the Creation of Subsidiaries 42 Section 6.17. Dividends and Other Restricted Payments 42 Section 6.18. Financial Covenants 42 Section 6.19. Limitation on Non-Material Subsidiaries 42 SECTION 7. EVENTS OF DEFAULT AND REMEDIES 43 Section 7.1. Company 26 Article VI — Events of Default 43 and Remedies 27 Section 7.2. Non-Bankruptcy Defaults 45 Section 7.3. Bankruptcy Defaults 45 Section 7.4. Collateral for Undrawn Letters of Credit 45 Section 7.5. Notice 6.1 Events of Default 46 27 Section 7.6. Expenses 466.2 Remedies 28 Section 6.3 No Remedy Exclusive 28

Page. SECTION 1. DEFINITIONS; INTERPRETATION BASIC DEFINITIONS 1 Section 1.1. Definitions Closing Date 1 Section 1.2. Interpretation 13 Contract Period 1 Section 1.3. Change in Accounting Principles 14 Due Diligence Period 1 Section 1.4. Personal Property 1 Section 1.5. Property 1 Section 1.6. Real Property 1 Section 1.7. Title Company 1 SECTION 2. THE CREDIT FACILITIES 14 PURCHASE AND SALE 1 Section 2.1. Commitments 14 Purchase and Sale 1 Section 2.2. Letters of Credit 15 Purchase Price 1 Section 2.3. Applicable Interest Rates 18 Buyer’s Review and Seller’s Disclaimer 2 Section 2.4. Manner Approval of Borrowing Loans and Designating Applicable Interest Rates 19 Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans 20 Section 2.6. Maturity of Loans 21 Section 2.7. Prepayments 21 Section 2.8. Place and Application of Payments 21 Section 2.9. Commitment Terminations 22 Section 2.10. The Notes 23 Section 2.11. Fees 23 Section 2.12. Swing Loans 24 Title Exceptions 6 SECTION 3. CONDITIONS PRECEDENT 26 7 Section 3.1. All Credit Events 26 Buyer’s Conditions 7 Section 3.2. Initial Credit Event 26 Seller’s Conditions 8 Section 3.3. Waiver of Conditions Precedent 9 SECTION 4. THE GUARANTIES 28 COVENANTS, WARRANTIES AND REPRESENTATIONS 6 Section 4.1. Guaranties 28 Seller’s Warranties and Representations 9 Section 4.2. Further Assurances 28 Seller’s Covenants 10 Section 4.3. Guarantor Release 28 Section 4.4. Exclusion of Foreign Subsidiaries 28 Buyer’s Warranties and Representations 11 SECTION 5. REPRESENTATIONS AND WARRANTIES 28 Section 5.1. Organization and Qualification 28 Section 5.2. Authority and Enforceability 29 Section 5.3. Financial Reports 29 Section 5.4. No Material Adverse Effect 29 Section 5.5. Litigation and other Controversies 29 Section 5.6. True and Complete Disclosure 30 Section 5.7. Use of Proceeds; Margin Stock 30 Section 5.8. Taxes 30 Section 5.9. ERISA 30 Section 5.10. Material Subsidiaries 30 Section 5.11. Compliance with Laws 30 Section 5.12. Environmental Matters 31 Section 5.13. Investment Company; Public Utility Holding Company 31 Section 5.14. Intellectual Property 31 Section 5.15. Good Title 31 Section 5.16. Labor Relations 32 Section 5.17. Indebtedness 32 Section 5.18. Capitalization 32 Section 5.19. Other Agreements 32 Section 5.20. Governmental Authority and Licensing 32 Section 5.21. Approvals 32 Section 5.22. Affiliate Transactions 33 Section 5.23. Solvency 33 DEPOSIT 11 SECTION 6. COVENANTS 33 Section 6.1. Information Covenants 33 Section 6.2. Inspections 35 Section 6.3. Maintenance of Property, Insurance, Environmental Matters, etc 35 Section 6.4. Preservation of Existence 36 Section 6.5. Compliance with Laws 36 Section 6.6. ERISA 36 Section 6.7. Payment of Taxes 37 Section 6.8. Contracts With Affiliates 37 Section 6.9. No Changes in Fiscal Year 37 Section 6.10. Change in the Nature of Business 37 Section 6.11. Indebtedness 37 Section 6.12. Liens 38 Section 6.13. Consolidation, Merger, Sale of Assets, etc 39 Section 6.14. Advances, Investments and Loans 40 Section 6.15. Limitation on Restrictions 42 Section 6.16. Notice of the Creation of Subsidiaries 42 Section 6.17. Dividends and Other Restricted Payments 42 Section 6.18. Financial Covenants 42 Section 6.19. Limitation on Non-Material Subsidiaries 42 BUYER’S DEFAULT AND LIQUIDATED DAMAGES 9 SECTION 7. EVENTS OF SELLER’S DEFAULT 12 SECTION 8. ESCROW AND REMEDIES 43 CLOSING 13 Section 7.18.1. Events Escrow Arrangements 13 Section 8.2. Closing 14 Section 8.3. Filing of Default 43 Reports 14 Section 7.28.4. Non-Bankruptcy Defaults 45 Prorations and Real Estate Taxes 14 Section 7.38.5. Bankruptcy Defaults 45 Other Closing Costs 15 Section 7.48.6. Collateral for Undrawn Letters of Credit 45 Section 7.5. Notice of Default 46 Section 7.6. Expenses 46Possession 15

Page. SECTION 1. DEFINITIONS; INTERPRETATION AUTHORIZATION OF NOTES 1 Section 1.1. Definitions Series A Notes 1 Section 1.2. Interpretation 13 Section 1.3. Change in Accounting Principles 14 Subsequent Series 1 SECTION 2. THE CREDIT FACILITIES 14 SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 Section 2.1. Commitments 14 Purchase and Sale of Notes 2 Section 2.2. Letters of Credit 15 Guarantees 2 Section 2.3. Applicable Interest Rates 18 Section 2.4. Manner of Borrowing Loans and Designating Applicable Interest Rates 19 Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans 20 Section 2.6. Maturity of Loans 21 Section 2.7. Prepayments 21 Section 2.8. Place and Application of Payments 21 Section 2.9. Commitment Terminations 22 Section 2.10. The Notes 23 Section 2.11. Fees 23 Section 2.12. Swing Loans 24 Subsequent Sales 4 SECTION 3. CONDITIONS PRECEDENT 26 Section 3.1. All Credit Events 26 Section 3.2. Initial Credit Event 26 CLOSING 4 SECTION 4. THE GUARANTIES 28 CONDITIONS TO CLOSING 5 Section 4.1. Guaranties 28 Representations and Warranties 5 Section 4.2. Further Assurances 28 Performance; No Default 6 Section 4.3. Guarantor Release 28 Compliance Certificates 6 Section 4.4. Exclusion Opinions of Foreign Subsidiaries 28 Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 SECTION 5. REPRESENTATIONS AND WARRANTIES 28 OF THE COMPANY 8 Section 5.1. Organization Organization; Power and Qualification 28 Authority 9 Section 5.2. Authority and Enforceability 29 Authorization, Etc. 9 Section 5.3. Financial Reports 29 Disclosure 9 Section 5.4. No Material Adverse Effect 29 Organization and Ownership of Shares of Subsidiaries 9 Section 5.5. Litigation and other Controversies 29 Financial Statements 10 Section 5.6. True and Complete Disclosure 30 Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. Use of Proceeds; Margin Stock 30 Regulations 12 Section 5.85.15. Taxes 30 Existing Debt 13 Section 5.95.16. ERISA 30 Foreign Assets Control Regulations, Etc. 13 Section 5.105.17. Material Subsidiaries 30 Status under Certain Statutes 13 Section 5.115.18. Pledge Agreements 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 Section 6.1. Purchase for Investment 14 Section 6.2. Source of Funds 14 SECTION 7. INFORMATION AS TO THE COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Inspection 18 SECTION 8. PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Section 9.1. Compliance with Laws 30 Law 22 Section 5.129.2. Environmental Matters 31 Insurance 22 Section 5.13. Investment Company; Public Utility Holding Company 31 Section 5.14. Intellectual Property 31 Section 5.15. Good Title 31 Section 5.16. Labor Relations 32 Section 5.17. Indebtedness 32 Section 5.18. Capitalization 32 Section 5.19. Other Agreements 32 Section 5.20. Governmental Authority and Licensing 32 Section 5.21. Approvals 32 Section 5.22. Affiliate Transactions 33 Section 5.23. Solvency 33 SECTION 6. COVENANTS 33 Section 6.1. Information Covenants 33 Section 6.2. Inspections 35 Section 6.39.3. Maintenance of Property, Insurance, Environmental Matters, etc 35 Properties 22 Section 6.4. Preservation of Existence 36 Section 6.5. Compliance with Laws 36 Section 6.6. ERISA 36 Section 6.79.4. Payment of Taxes 37 22 Section 6.89.5. Contracts With Affiliates 37 Corporate Existence, Etc. 23 Section 6.99.6. No Changes in Fiscal Year 37 Notes to Rank Pari Passu 23 Section 6.109.7. Change in the Nature of Business 37 Guaranty by Subsidiaries 23 Section 6.119.8. Indebtedness 37 Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Section 6.1210.1. Liens 38 Consolidated Net Worth 24 Section 6.1310.2. Consolidation, Merger, Sale of Assets, etc 39 Limitations on Debt 24 Section 6.14. Advances, Investments and Loans 40 Section 6.1510.3. Limitation on Restrictions 42 Liens 25 Section 6.1610.4. Notice Mergers and Consolidations, Etc 27 Section 10.5. Sale of the Creation Assets 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 42 Section 6.17. Dividends and Other Restricted Payments 42 Section 6.18. Financial Covenants 42 Section 6.19. Limitation on Non-Material Subsidiaries 42 30 SECTION 711. EVENTS OF DEFAULT 31 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND REMEDIES 43 WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 7.117.1. Events Requirements 38 Section 17.2. Solicitation of Default 43 Holders of Notes 38 Section 7.217.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Bankruptcy Defaults 45 Business Days 42 Section 7.322.3. Bankruptcy Defaults 45 Severability 42 Section 7.422.4. Collateral for Undrawn Letters Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Credit 45 Section 7.5Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. Notice SCHEDULE 5.14 — Use of Default 46 Section 7.6. Expenses 46Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:

Page. SECTION 1. DEFINITIONS; INTERPRETATION RULES OF CONSTRUCTION 1 Section 1.1. 1.1 Definitions 1 1.2 Accounting Terms 24 1.3 Uniform Commercial Code 24 1.4 Certain Matters of Construction 24 Section 1.2. Interpretation 13 Section 1.3. Change in Accounting Principles 14 SECTION 2. THE CREDIT FACILITIES 14 25 2.1 Term Loans 25 2.1.1 Term A Loans 25 2.1.2 Term Notes 25 2.1.3 Use of Proceeds 25 2.1.4 Prepayments 25 Section 2.13. Commitments 14 INTEREST AND CHARGES 26 3.1 Rates and Payment of Interest 26 3.2 Computation of Interest and Yield Protection 26 3.3 Reimbursement Obligations 26 3.4 Capital Adequacy 27 3.5 Mitigation 27 3.6 Maximum Interest 27 Section 2.24. Letters LOAN ADMINISTRATION 28 4.1 Borrower Representative 28 4.2 One Obligation 28 4.3 Effect of Credit 15 Termination 28 Section 2.35. Applicable Interest Rates 18 Section 2.4. Manner PAYMENTS 29 5.1 General Payment Provisions 29 5.2 Payment of Borrowing Loans and Designating Applicable Interest Rates 19 Section 2.5. Minimum Borrowing AmountsOther Obligations 29 5.3 Marshaling; Maximum Eurodollar Loans 20 Section 2.6. Maturity of Loans 21 Section 2.7. Prepayments 21 Section 2.8. Place and Application Payments Set Aside 29 5.4 Post-Default Allocation of Payments 21 29 5.4.1 Allocation 29 5.4.2 Erroneous Application 30 5.5 Loan Account 30 5.6 Taxes 30 5.6.1 Payments Free of Taxes 30 5.6.2 Payment 30 5.6.3 Refunds 31 5.7 Lender Tax Information 31 5.7.1 Status of Lenders 31 5.7.2 Documentation 31 5.7.3 Lender Obligations 32 5.8 Nature and Extent of Each Borrower’s Liability 32 5.8.1 Joint and Several Liability 32 5.8.2 Waivers 33 5.8.3 Extent of Liability; Contribution 34 5.8.4 Joint Enterprise 34 5.8.5 Subordination 34 Section 2.9. Commitment Terminations 22 Section 2.10. The Notes 23 Section 2.11. Fees 23 Section 2.12. Swing Loans 24 SECTION 36. CONDITIONS PRECEDENT 26 35 6.1 Conditions Precedent 35 Section 3.17. All Credit Events 26 COLLATERAL 36 7.1 Security Reaffirmation 36 7.2 Administration of Accounts 36 7.3 Administration of Inventory 37 7.3.1 Records and Reports of Inventory 37 7.3.2 Returns of Inventory 37 7.3.3 Acquisition, Sale and Maintenance 37 7.4 [Intentionally Omitted] 37 7.5 Administration of Deposit Accounts and Securities Accounts 37 7.6 General Provisions 38 7.6.1 Location of Collateral 38 7.6.2 Insurance of Collateral 38 Section 3.2. Initial Credit Event 26 SECTION 4. THE GUARANTIES 28 Section 4.1. Guaranties 28 Section 4.2. Further Assurances 28 Section 4.3. Guarantor Release 28 Section 4.4. Exclusion of Foreign Subsidiaries 28 SECTION 58. REPRESENTATIONS AND WARRANTIES 28 Section 5.1. 39 8.1 General Representations and Warranties 39 8.1.1 Organization and Qualification 28 Section 5.2. 39 8.1.2 Power and Authority and 39 8.1.3 Enforceability 29 Section 5.3. 39 8.1.4 Capital Structure 39 8.1.5 Corporate Names; Locations 39 8.1.6 Title to Properties; Priority of Liens 40 8.1.7 Financial Reports 29 Section 5.4. No Material Adverse Effect 29 Section 5.5. Litigation and other Controversies 29 Section 5.6. True and Complete Disclosure 30 Section 5.7. Use of Proceeds; Margin Stock 30 Section 5.8. Statements 40 8.1.8 Surety Obligations 40 8.1.9 Taxes 30 Section 5.9. ERISA 30 Section 5.10. Material Subsidiaries 30 Section 5.11. 40 8.1.10 Brokers 41 8.1.11 Intellectual Property 41 8.1.12 Governmental Approvals 41 8.1.13 Compliance with Laws 30 Section 5.12. 41 8.1.14 Compliance with Environmental Matters 31 Section 5.13. Investment Company; Public Utility Holding Company 31 Section 5.14. Intellectual Property 31 Section 5.15. Good Title 31 Section 5.16. Laws 41 8.1.15 Burdensome Contracts 42 8.1.16 Litigation 42 8.1.17 No Defaults 42 8.1.18 ERISA 42 8.1.19 Trade Relations 42 8.1.20 Labor Relations 32 43 8.1.21 Payable Practices 43 8.1.22 Not a Regulated Entity 43 8.1.23 Margin Stock 43 8.1.24 Plan Assets 43 8.1.25 Immaterial Subsidiaries 43 8.1.26 Patriot Act 43 8.1.27 OFAC 43 8.1.28 Nature of Business 44 8.1.29 Material Contracts 44 8.1.30 No Bankruptcy Filing 44 8.2 Complete Disclosure 44 Section 5.17. Indebtedness 32 Section 5.18. Capitalization 32 Section 5.19. Other Agreements 32 Section 5.20. Governmental Authority and Licensing 32 Section 5.21. Approvals 32 Section 5.22. Affiliate Transactions 33 Section 5.23. Solvency 33 SECTION 69. COVENANTS 33 Section 6.1. AND CONTINUING AGREEMENTS 44 9.1 Affirmative Covenants 44 9.1.1 Inspections 44 9.1.2 Financial and Other Information Covenants 33 Section 6.2. Inspections 35 Section 6.3. Maintenance of Property, Insurance, Environmental Matters, etc 35 Section 6.4. Preservation of Existence 36 Section 6.5. 45 9.1.3 Notices 47 9.1.4 Landlord and Storage Agreements 47 9.1.5 Compliance with Laws 36 Section 6.648 9.1.6 Taxes 48 9.1.7 Insurance 48 9.1.8 Licenses 48 9.1.9 Future Subsidiaries 48 9.1.10 Additional Guarantors 49 9.1.11 Preservation of Existence, Etc. ERISA 36 Section 6.749 9.1.12 Keeping of Records and Books of Account 49 9.1.13 Maintenance of Properties, Etc. 49 9.1.14 Obtaining of Permits, Etc. 49 9.1.15 Further Assurances 49 9.2 Negative Covenants 50 9.2.1 Permitted Debt 50 9.2.2 Permitted Liens 51 9.2.3 [Intentionally Omitted] 52 9.2.4 Distributions; Upstream Payments 52 9.2.5 Restricted Investments 53 9.2.6 Disposition of Assets 53 9.2.7 Loans; Extensions of Credit 53 9.2.8 Restrictions on Payment of Taxes 37 Section 6.8. Contracts With Affiliates 37 Section 6.9. No Certain Debt 53 9.2.9 Fundamental Changes in Fiscal Year 37 Section 6.10. Change in the Nature 53 9.2.10 Subsidiaries 54 9.2.11 Organic Documents 54 9.2.12 Tax Consolidation 54 9.2.13 Accounting Changes 54 9.2.14 Restrictive Agreements 54 9.2.15 Hedging Agreements 54 9.2.16 Conduct of Business 37 54 9.2.17 Affiliate Transactions 54 9.2.18 Plans 55 9.2.19 Amendments to the Indenture, Convertible Debenture, the Convertible Debenture Agreement, the Indenture Guaranty, the Convertible Debenture Guaranty, Revolver Agreement or Subordinated Debt 55 9.2.20 Immaterial Subsidiaries 55 9.2.21 Fixed Charge Coverage Ratio 56 9.2.22 Federal Reserve Regulations 56 9.2.23 Investment Company Act of 1940 56 9.2.24 2009 Debenture Intercreditor Agreement 56 Section 6.11. Indebtedness 37 Section 6.12. Liens 38 Section 6.13. Consolidation, Merger, Sale of Assets, etc 39 Section 6.14. Advances, Investments and Loans 40 Section 6.15. Limitation on Restrictions 42 Section 6.16. Notice of the Creation of Subsidiaries 42 Section 6.17. Dividends and Other Restricted Payments 42 Section 6.18. Financial Covenants 42 Section 6.19. Limitation on Non-Material Subsidiaries 42 SECTION 710. EVENTS OF DEFAULT; REMEDIES ON DEFAULT AND REMEDIES 43 Section 7.1. 56 10.1 Events of Default 43 56 10.2 Remedies upon Default 58 10.3 License 59 10.4 Setoff 59 10.5 Remedies Cumulative; No Waiver 60 10.5.1 Cumulative Rights 60 10.5.2 Waivers 60 Section 7.211. COLLATERAL AGENT 60 11.1 Appointment, Authority and Duties of Collateral Agent 60 11.1.1 Appointment and Authority 60 11.1.2 Duties 61 11.1.3 Collateral Agent Professionals 61 11.1.4 Instructions of Required Lenders 61 11.2 Agreements Regarding Collateral and Field Examination Reports 61 11.2.1 Lien Releases; Care of Collateral 61 11.2.2 Possession of Collateral 62 11.2.3 Reports 62 11.3 Reliance By Collateral Agent 62 11.4 Action Upon Default 62 11.5 Ratable Sharing 63 11.6 Indemnification of Agent Indemnitees 63 11.6.1 Indemnification 63 11.6.2 Proceedings 64 11.7 Limitation on Responsibilities of Collateral Agent 64 11.8 Successor Agent and Co-Agents 64 11.8.1 Resignation; Successor Collateral Agent 64 11.8.2 Separate Collateral Agent 65 11.9 Due Diligence and Non-Bankruptcy Defaults 45 Section 7.3. Bankruptcy Defaults 45 Section 7.4. Reliance 65 11.10 No Third Party Beneficiaries 65 11.11 Collateral for Undrawn Letters of Credit 45 Section 7.5. Notice of Default 46 Section 7.6. Expenses 46Agent in its Individual Capacity 66