Each Lender (as a Lender and in its capacity as a potential Hedge Counterparty) and each other Secured Party (by their acceptance of the benefits of any Lien encumbering Collateral) acknowledges and agrees that the Administrative Agent has entered into the Security Documents on behalf of itself and the Secured Parties, and the Secured Parties hereby agree to be bound by the terms of such Security Documents, acknowledge receipt of copies of such Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given to the Administrative Agent thereunder. All rights, powers and remedies available to the Administrative Agent and the Secured Parties with respect to the Collateral, or otherwise pursuant to the Security Documents, shall be subject to the provisions of such Security Documents.

Each Lender (as a Lender and in its capacity as a potential Hedge Counterparty) and each other Secured Party (by their acceptance of the benefits of any Lien encumbering Collateral) acknowledges and agrees thathereby authorizes the Administrative Agent has entered intoAgent, at its option and in its discretion, without the Security Documents on behalfnecessity of itself andany notice to or further consent from the Secured Parties, and the Secured Parties hereby agree to be bound by the terms of such Security Documents, acknowledge receipt of copies of such Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given to the Administrative Agent thereunder. All rights, powers and remedies available to the Administrative Agent and the Secured Parties with respect to the Collateral, or otherwise pursuant to the Security Documents, shall be subject to the provisions of such Security Documents.Parties:

No Secured Party shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Obligations, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the terms thereof. In the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent or any Lender (as amay be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition, and the Administrative Agent, as agent for and representative of the Secured Parties (but not any Lender andor Lenders in its capacityor their respective individual capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Loan Document Obligations as a potential Hedge Counterparty) and eachcredit on account of the purchase price for any collateral payable by the Administrative Agent on behalf of the Secured Parties at such sale or other disposition. Each Secured Party (by theirParty, whether or not a party hereto, will be deemed, by its acceptance of the benefits of any Lien encumbering Collateral) acknowledgesthe Collateral and agrees thatof the Administrative Agent has entered intoGuarantees of the Security Documents on behalf of itself andObligations provided under the Secured Parties, and the Secured Parties hereby agreeLoan Documents, to be bound by the terms of such Security Documents, acknowledge receipt of copies of such Security Documents and consenthave agreed to the rights, powers, remedies, indemnities and exculpations given to the Administrative Agent thereunder. All rights, powers and remedies available to the Administrative Agent and the Secured Parties with respect to the Collateral, or otherwise pursuant to the Security Documents, shall be subject to the provisions of such Security Documents.foregoing provisions.

Each Lender (as a Lender andof the Lenders (including in its capacitycapacities as a Lender, L/C Issuer (if applicable) and a potential Cash Management Bank party to a Secured Cash Management Agreement and/or a potential Hedge Counterparty)Bank party to a Secured Hedge Agreement), as the case may be, hereby or thereby # irrevocably appoints and each other Secured Party (by their acceptance of the benefits of any Lien encumbering Collateral) acknowledges and agrees thatauthorizes the Administrative Agent has entered intoto act as the Securityagent of (and to hold any security interest created by the Collateral Documents for and on behalf of) such Lender or, as applicable, such Hedge Bank or Cash Management Bank for purposes of itselfacquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto and # irrevocably appoints each other Lender as its agent and bailee for the purpose of perfecting Liens (whether pursuant to [[Section 8-301(a)(2)])]] of the UCC or otherwise), for the benefit of the Secured Parties, andin assets in which, in accordance with the Secured Parties hereby agree toUCC or any other applicable Law, a security interest can be boundperfected by possession or control. Should any Lender (other than the termsAdministrative Agent) obtain possession or control of any such Security Documents, acknowledge receipt of copies ofCollateral, such Security Documents and consent toLender shall notify the rights, powers, remedies, indemnities and exculpations givenAdministrative Agent thereof, and, promptly following the Administrative Agent’s request therefor, shall deliver such Collateral to the Administrative Agent thereunder. All rights, powers and remedies available toor otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions. In this connection, the Administrative Agent (and any co-agents, sub-agents, receivers and attorneys-in-fact appointed by the Administrative Agent pursuant to [Section 9.02] for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this [Article IX] (including [Section 9.07], as though such co-agents, sub-agents, receivers and attorneys-in-fact were the Administrative Agent under the Loan Documents) and [Section 10.04] as if set forth in full herein with respect thereto. Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative Agent to execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect to the Collateral, or otherwise pursuant to the Security Documents, shall be subject tothereto, as contemplated by and in accordance with the provisions of this Agreement and the Collateral Documents and acknowledge and agree that any such Security Documents.action by any Agent shall bind the Lenders (including in its capacities as a Lender, L/C Issuer (if applicable) and a potential Cash Management Bank party to a Secured Cash Management Agreement and/or a potential Hedge Bank party to a Secured Hedge Agreement) and any Hedge Bank or Cash Management Bank.

In its capacity, the Administrative Agent is a “representative” of the Secured Parties within the meaning of the term “secured party” as defined in the New York Uniform Commercial Code. Each Lender (as a Lender and in its capacity as a potential Hedge Counterparty) and each(and other Secured Party (by theirby its acceptance of the benefits of any Lien encumbering Collateral) acknowledges and agrees thatthe Loan Documents) authorizes the Administrative Agent has enteredto enter into each of the SecurityCollateral Documents to which it is a party and to take all action contemplated by such documents. Each Lender (and other Secured Party by its acceptance of the benefits of the Loan Documents) agrees that no Secured Party (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Secured Parties upon the terms of the Collateral Documents. In the event that any Collateral is hereafter pledged by any Person as collateral security for the Secured Obligations, the Administrative Agent is hereby authorized, and hereby granted a power of attorney, to execute and deliver on behalf of itself and the Secured Parties, and the Secured Parties hereby agreeany Loan Documents necessary or appropriate to be bound by the termsgrant and perfect a Lien on such Collateral in favor of such Security Documents, acknowledge receipt of copies of such Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given to the Administrative Agent thereunder. All rights, powers and remedies available to the Administrative Agent andon behalf of the Secured Parties with respect to the Collateral, or otherwise pursuant to the Security Documents, shall be subject to the provisions of such Security Documents.Parties.

The Administrative Agent shall also act as the "collateral agent" under the Loan Documents, and each of the Lenders (including in its capacity as a potential Hedge Counterparty)Bank or Cash Management Bank) and each other Secured Party (by their acceptance of the benefits of any Lien encumbering Collateral) acknowledgesIssuing Lenders hereby irrevocably appoints and agrees thatauthorizes the Administrative Agent has enteredto act as the agent of such Lender and such Issuing Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Credit Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto (including, without limitation, to enter into the Securityadditional Loan Documents or supplements to existing Loan Documents on behalf of itself and the Secured Parties,Parties). In this connection, the Administrative Agent, as "collateral agent" and the Secured Parties hereby agree to be boundany co-agents, sub-agents and attorneys-in-fact appointed by the terms of such Security Documents, acknowledge receipt of copies of such Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given to the Administrative Agent thereunder. All rights, powerspursuant to this [Article XI] for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies availablethereunder at the direction of the Administrative Agent), shall be entitled to the Administrative Agentbenefits of all provisions of Articles XI and XII (including [Section 12.3], as though such co-agents, sub-agents and attorneys-in-fact were the Secured Parties"collateral agent" under the Loan Documents) as if set forth in full herein with respect to the Collateral, or otherwise pursuant to the Security Documents, shall be subject to the provisions of such Security Documents.thereto.

The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacity as a potential Hedge Counterparty)Bank or Cash Management Bank) and each other Secured Party (by their acceptance of the benefits of any Lien encumbering Collateral) acknowledgesIssuing Lenders hereby irrevocably appoints and agrees thatauthorizes the Administrative Agent has enteredto act as the agent of such Lender and such Issuing Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Credit Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto (including, without limitation, to enter into the Securityadditional Loan Documents or supplements to existing Loan Documents on behalf of itself and the Secured Parties,Parties). In this connection, the Administrative Agent, as “collateral agent” and the Secured Parties hereby agree to be boundany co-agents, sub-agents and attorneys-in-fact appointed by the terms of such Security Documents, acknowledge receipt of copies of such Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given to the Administrative Agent thereunder. All rights, powerspursuant to this [Article XI] for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies availablethereunder at the direction of the Administrative Agent), shall be entitled to the Administrative Agentbenefits of all provisions of Articles XI and XII (including [Section 12.3], as though such co-agents, sub-agents and attorneys-in-fact were the Secured Parties“collateral agent” under the Loan Documents) as if set forth in full herein with respect to the Collateral, or otherwise pursuant to the Security Documents, shall be subject to the provisions of such Security Documents.thereto.

In its capacity as a potential Hedge Counterparty) and each other Secured Party (by their acceptance of the benefits of any Lien encumbering Collateral) acknowledges and agrees thatcapacity, the Administrative Agent has enteredis a “representative” of the Secured Parties within the meaning of the term “secured party” as defined in the New York Uniform Commercial Code. Each Lender authorizes the Administrative Agent to enter into each of the SecurityCollateral Documents to which it is a party and to take all action contemplated by such documents. Each Lender agrees that no Secured Party (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Secured Parties upon the terms of the Collateral Documents. In the event that any Collateral is hereafter pledged by any Person as collateral security for the Secured Obligations, the Administrative Agent is hereby authorized, and hereby granted a power of attorney, to execute and deliver on behalf of itself and the Secured Parties, and the Secured Parties hereby agreeany Loan Documents necessary or appropriate to be bound by the termsgrant and perfect a Lien on such Collateral in favor of such Security Documents, acknowledge receipt of copies of such Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given to the Administrative Agent thereunder. All rights, powers and remedies available to the Administrative Agent andon behalf of the Secured Parties with respect to the Collateral, or otherwise pursuant to the Security Documents, shall be subject to the provisions of such Security Documents.Parties.

Agents under Collateral Documents and Guarantee. Each Lender (asSecured Party (including each counterparty to a Lender and in its capacity as a potential Hedge Counterparty)Specified Hedging Agreement and each other Secured Party (by theirBank Product Provider, who by acceptance of the benefits of any Lien encumbering Collateral) acknowledges and agrees thatthe Security Documents shall be deemed to have appointed the Administrative Agent has entered intoand Collateral Agent as set forth herein) hereby further authorizes the Security DocumentsAdministrative Agent or the Collateral Agent, as applicable, on behalf of itself and for the benefit of the Secured Parties, and the Secured Parties hereby agree to be bound by the termsagent for and representative of such Security Documents, acknowledge receipt of copies of such Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given to the Administrative Agent thereunder. All rights, powers and remedies available to the Administrative Agent and the Secured Parties with respect to the Collateral,Guarantee, the Collateral and the Loan Documents; provided that neither the Administrative Agent nor the Collateral Agent shall owe any fiduciary duty, duty of loyalty, duty of care, duty of disclosure or any other obligation whatsoever to any holder of Obligations with respect to any Specified Hedging Agreement or any Bank Product Agreement. Subject to ‎[Section 11.02], without further written consent or authorization from any Secured Party, the Administrative Agent or the Collateral Agent, as applicable, may execute any documents or instruments necessary to # in connection with a sale or disposition of assets permitted by this Agreement, release any Lien encumbering any item of Collateral that is the subject of such sale or other disposition of assets or to which the Required ​ (or such other ​ as may be required to give such consent under ‎[Section 11.02]) have otherwise consented or # release any Guarantor from the Guarantee pursuant to ‎[Section 7.09] or with respect to which the Security Documents, shallRequired ​ (or such other ​ as may be subjectrequired to the provisions ofgive such Security Documents.consent under ‎[Section 11.02]) have otherwise consented.

Anything contained in any of the Loan Documents to the contrary notwithstanding, the Borrowers, the Administrative Agent and each Secured Party hereby agree that # no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by the Administrative Agent, on behalf of the Secured Parties in accordance with the terms hereof and all powers, rights and remedies under the Collateral Documents may be exercised solely by the Administrative Agent in its capacity as the “collateral agent” and # in the event of a potential Hedge Counterparty) and each other Secured Party (by their acceptance of the benefits of any Lien encumbering Collateral) acknowledges and agrees thatforeclosure by the Administrative Agent has entered intoin its capacity as the Security Documents“collateral agent” on behalfany of itself and the Secured Parties, and the Secured Parties hereby agreeCollateral pursuant to be bound by the terms of such Security Documents, acknowledge receipt of copies of such Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given toa public or private sale or other disposition, the Administrative Agent thereunder. All rights, powers(in its capacity as the “collateral agent”) or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and remedies availablethe Administrative Agent, as “collateral agent” for and representative of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral payable by the Administrative Agent and the Secured Parties with respect to the Collateral,at such sale or otherwise pursuant to the Security Documents, shall be subject to the provisions of such Security Documents.other disposition.