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Current report (Form 8-K) · Jun 8, 2026 · Multiple disclosures including restructuring or layoffs and acquisition or asset sale
EX-10.1
dva4647631-ex101.htm
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EX-10.1 · NINTH AMENDMENT, DATED AS OF JUNE 8, 2026, TO THAT CERTAIN CREDIT AGREEMENT EX-10.1 2 dva4647631-ex101.htm NINTH AMENDMENT, DATED AS OF JUNE 8, 2026, TO THAT CERTAIN CREDIT AGREEMENT Exhibit 10.1 Execution Version NINTH AMENDMENT dated as of June 8, 2026 (this “ Amendment ”), to the Credit Agreement (as defined below) among DaVita Inc., as Borrower (the “ Borrower ”), the other Loan Parties party hereto, each 2026 Incremental Tranche B-2 Term Lender (as defined below) and JPMorgan Chase Bank, N.A., as Administrative Agent. RECITALS A. The Borrower, the Lenders party thereto from time to time, the other parties thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (the “ Administrative Agent ”), Collateral Agent and Swingline Lender, are party to that certain Credit Agreement dated as of August 12, 2019 (as amended, supplemented or otherwise modified from time to time prior to the date hereof, the “ Credit Agreement ”). B. Pursuant to Section 2.24 of the Credit Agreement, the Borrower intends to incur Incremental Term Loan Commitments in the form of additional Tranche B-2 Term Loans having the same terms as the Tranche B-2 Term Loans in an aggregate principal amount of $500,000,000 (the “ 2026 Incremental Tranche B-2 Term Loans ”, and the commitments of the 2026 Incremental Tranche B-2 Term Lenders (as defined below) in respect thereof, the “ 2026 Incremental Tranche B-2 Term Commitments ”) (for the avoidance of doubt, the Tranche B-2 Term Loans outstanding immediately prior to the Ninth Amendment Effective Date (as defined below) and the 2026 Incremental Tranche B-2 Term Loans funded on the Ninth Amendment Effective Date shall constitute a single “Class” and a single “Facility” under the Amended Credit Agreement (as defined below)). C. Each Lender party hereto holding 2026 Incremental Tranche B-2 Term Commitments (each, a “ 2026 Incremental Tranche B-2 Term Lender ”, and collectively, the “ 2026 Incremental Tranche B-2 Term Lenders ”) has agreed, upon the terms and subject to the conditions set forth herein, to provide 2026 Incremental Tranche B-2 Term Loans on the Ninth Amendment Effective Date to the Borrower in an aggregate principal amount equal to its 2026 Incremental Tranche B-2 Term Commitment. D. Section 2.24 of the Credit Agreement permits amendment of the Credit Agreement with the consent of the Administrative Agent, the Borrower and the Lenders making increased or new Commitments, as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of Section 2.24 of the Credit Agreement. E. The Borrower, the Administrative Agent and each 2026 Incremental Tranche B-2 Term Lender have agreed to make certain amendments to the Credit Agreement in order to give effect to the 2026 Incremental Tranche B-2 Term Commitments, upon the terms and subject to the conditions set forth herein and in order to effect the foregoing recitals, the Borrower and the other parties hereto desire to amend the Credit Agreement, subject to the terms and conditions set forth herein. F. BofA Securities, Inc., Crédit Agricole Corporate and Investment Bank, Goldman Sachs Bank USA, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Bank of Nova Scotia, Truist Securities, Inc. and Wells Fargo Securities, LLC, will act as the joint lead arrangers and joint bookrunners 1 with respect to this Amendment (the “ Ninth Amendment Arrangers ”) and DNB Carnegie, Inc. and Santander Bank, N.A., will act as senior managing agents with respect to this Amendment (together with the Ninth Amendment Arrangers, the “ Ninth Amendment Agents ”). AGREEMENTS In consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the 2026 Incremental Tranche B-2 Term Lenders and the Administrative Agent hereby agree as follows: ARTICLE I. Amendment SECTION 1.01. Defined Terms . Capitalized terms used herein (including in the recitals hereto) and not otherwise defined herein shall have the meanings assigned to such terms in the Amended Credit Agreement. The rules of construction specified in Section 1.3 of the Amended Credit Agreement also apply to this Amendment. SECTION 1.02. 2026 Incremental Tranche B-2 Term Commitments. (a) Subject to the terms and conditions set forth herein, on the Ninth Amendment Effective Date, each 2026 Incremental Tranche B-2 Term Lender agrees to fund a 2026 Incremental Tranche B-2 Term Loan in a principal amount not exceeding such 2026 Incremental Tranche B-2 Term Lender’s 2026 Incremental Tranche B-2 Term Commitment set forth on its signature page hereto. The 2026 Incremental Tranche B-2 Term Loans shall constitute a single Class of Term Loans with the Tranche B-2 Term Loans outstanding immediately prior to the Ninth Amendment Effective Date and shall constitute “Tranche B-2 Term Loans” for all purposes under, and subject to the provisions of, the Loan Documents. The 2026 Incremental Tranche B-2 Term Lenders, the Administrative Agent and the Loan Parties party hereto agree that the 2026 Incremental Tranche B-2 Term Loans shall constitute “Incremental Term Loans” pursuant to and in accordance with Section 2.24 of the Credit Agreement. This Amendment (including, for avoidance of doubt, the Amended Credit Agreement attached as Annex A hereto) shall constitute an Increase Joinder with respect to the 2026 Incremental Tranche B-2 Term Loans pursuant to and in accordance with Section 2.24 of the Credit Agreement. (b) Each 2026 Incremental Tranche B-2 Term Lender, by delivering its signature page to this Amendment and funding its 2026 Incremental Tranche B-2 Term Loans on the Ninth Amendment Effective Date shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or to be approved by or satisfactory to, the Administrative Agent or any Class of Lenders on the Ninth Amendment Effective Date. The commitments of the 2026 Incremental Tranche B-2 Term Lenders are several, and no 2026 Incremental Tranche B-2 Term Lender shall be responsible for any other 2026 Incremental Tranche B-2 Term Lender’s failure to make 2026 Incremental Tranche B-2 Term Loans. 2 (c) Subject to the terms and conditions set forth herein, effective as of the Ninth Amendment Effective Date, for all purposes of the Loan Documents, (i) the 2026 Incremental Tranche B-2 Term Commitments shall constitute “Tranche B-2 Term Commitments” and “Commitments”, (ii) the 2026 Incremental Tranche B-2 Term Loans shall constitute “Tranche B-2 Term Loans” and “Term Loans” and (iii) each 2026 Incremental Tranche B-2 Term Lender shall become a “Tranche B-2 Term Lender”, a “Term Lender” and a “Lender” (if such 2026 Incremental Tranche B-2 Term Lender is not already a Tranche B-2 Term Lender, Term Lender or Lender prior to the effectiveness of this Amendment) and shall have all the rights and obligations of a Lender holding a Tranche B-2 Term Commitment (or, following the making of a 2026 Incremental Tranche B-2 Term Loan, a Tranche B-2 Term Loan). (d) The Borrower and the Administrative Agent acknowledge and agree that the borrowing of the 2026 Incremental Tranche B-2 Term Loans pursuant to this Amendment will constitute a borrowing of Term SOFR Loans with an initial Interest Period beginning on the Ninth Amendment Effective Date and ending on June 30, 2026, as set forth in the Borrowing Request delivered pursuant to Section 1.04(d). SECTION 1.03. Amendment of Credit Agreement . Effective as of the Ninth Amendment Effective Date, the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text ) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text ) as set forth in the Credit Agreement attached as Annex A hereto (the “ Amended Credit Agreement ”). SECTION 1.04. Amendment Effectiveness . The effectiveness of this Amendment (including, without limitation, the obligations of each 2026 Incremental Tranche B-2 Term Lender to fund a 2026 Incremental Tranche B-2 Term Loan) is subject to the satisfaction of the following conditions precedent (the first date of such satisfaction, the “ Ninth Amendment Effective Date ”): (a) The Administrative Agent shall have received from (i) the Borrower and each other Loan Party, (ii) each 2026 Incremental Tranche B-2 Term Lender and (iii) the Administrative Agent, either (x) counterparts of this Amendment signed on behalf of such parties or (y) written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic transmissions of signed signature pages) that such parties have signed counterparts of this Amendment; (b) Immediately before and after giving effect to the borrowing of the 2026 Incremental Tranche B-2 Term Loans and the application of the proceeds thereof on the Ninth Amendment Effective Date, the conditions set forth in paragraphs (b) and (c) of Section 5.2 of the Credit Agreement shall be satisfied on and as of the Ninth Amendment Effective Date, and the 2026 Incremental Tranche B-2 Term Lenders shall have received a certificate of a Responsible Officer of the Borrower dated the Ninth Amendment Effective Date to such effect; (c) The Administrative Agent shall have received: 3 (i) a certificate of the secretary or assistant secretary of each Loan Party dated the Ninth Amendment Effective Date, certifying (A) that either (x) a true and complete copy of each Constitutive Document of such Loan Party was attached to the secretary’s certificate dated August 12, 2019, February 13, 2020, April 28, 2023, May 9, 2024, August 13, 2024, July 17, 2025 or November 24, 2025, as applicable, and such Constitutive Documents have not been altered since delivery of such Constitutive Documents on such date or (y) attaching a true and complete copy of each Constitutive Document of such Loan Party and certifying such Constitutive Documents are in full force and effect on the Ninth Amendment Effective Date, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the execution, delivery and performance of the Amendment and, in the case of the Borrower, the borrowings hereunder, and that such resolutions have not been further modified, rescinded or amended and are in full force and effect and (C) as to the incumbency and specimen signature of each officer executing the Amendment or any other document delivered in connection herewith on behalf of such Loan Party (together with a certificate of another officer as to the incumbency and specimen signature of the secretary or assistant secretary executing the certificate in this clause (i)), including by reference to the incumbency certificate previously delivered in connection with the secretary’s certificate dated August 12, 2019, February 13, 2020, April 28, 2023, May 9, 2024, August 13, 2024, July 17, 2025 or November 24, 2025, as applicable; and (ii) a certificate as to the good standing of each Loan Party, to the extent requested by the Administrative Agent, as of a recent date, from the Secretary of State (or other applicable Governmental Authority) of its state of organization; (d) At least one (1) Business Day prior to the Ninth Amendment Effective Date, the Administrative Agent shall have received a Borrowing Request in a form reasonably acceptable to the Administrative Agent requesting that the 2026 Incremental Tranche B-2 Term Lenders make the 2026 Incremental Tranche B-2 Term Loans to the Borrower on the Ninth Amendment Effective Date; (e) The Administrative Agent and the Lenders shall have received, sufficiently in advance of the Ninth Amendment Effective Date, all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation, the Patriot Act, and including, without limitation, the information described in Section 11.17 of the Credit Agreement. At least three (3) days prior to the Ninth Amendment Effective Date, if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation and the Administrative Agent has provided the Borrower the name of each requesting Lender and its electronic delivery requirements at least ten (10) Business Days prior to the Ninth Amendment Effective Date, the Administrative Agent and each such Lender requesting a Beneficial Ownership Certification (which request shall be made through the Administrative Agent) shall have received such Beneficial Ownership Certification; (f) The Administrative Agent and the Ninth Amendment Arrangers shall have received, in immediately available funds, on or prior to the Ninth Amendment Effective Date (i) all fees required to be paid to them by the Borrower as mutually agreed prior to the Ninth 4 Amendment Effective Date and (ii) payment or reimbursement of all costs, fees, out-of-pocket expenses, compensation and other amounts then due and payable in connection with this Amendment, including, to the extent invoiced at least one Business Day prior to the Ninth Amendment Effective Date, the reasonable fees, charges and disbursements of counsel for the Administrative Agent; (g) The Administrative Agent shall have received, on behalf of itself, the Collateral Agent and the 2026 Incremental Tranche B-2 Term Lenders, a favorable written opinion of (i) Sidley Austin, LLP, special counsel for the Loan Parties, and (ii) Kathleen Waters, Chief Legal Officer of the Borrower, in each case (A) dated the Ninth Amendment Effective Date, (B) addressed to the Administrative Agent, the Collateral Agent and the 2026 Incremental Tranche B-2 Term Lenders and (C) in form and substance reasonably satisfactory to the Administrative Agent; (h) The Administrative Agent shall have received a solvency certificate in the form of Exhibit C to the Credit Agreement, dated the Ninth Amendment Effective Date and signed by the chief financial officer of the Borrower; and (i) After giving pro forma effect to the borrowing of the 2026 Incremental Tranche B-2 Term Loans, as of the date of the most recent financial statements delivered pursuant to Section 6.1(b) or (c) of the Credit Agreement, the Borrower shall be in compliance with the covenant set forth in Section 7.16 of the Credit Agreement. The Administrative Agent shall notify the Borrower, the 2026 Incremental Tranche B-2 Term Lenders and the other Lenders of the Ninth Amendment Effective Date and such notice shall be conclusive and binding. ARTICLE II. Miscellaneous SECTION 2.01. Representations and Warranties . To induce the other parties hereto to enter into this Amendment, each Loan Party represents and warrants to each of the Lenders, including the 2026 Incremental Tranche B-2 Term Lenders, and the Administrative Agent that, as of the Ninth Amendment Effective Date and after giving effect to the transactions and amendments to occur on the Ninth Amendment Effective Date, this Amendment has been duly authorized, executed and delivered by each Loan Party and constitutes, and the Credit Agreement, as amended hereby on the Ninth Amendment Effective Date, will constitute, its legal, valid and binding obligation, enforceable against each of the Loan Parties in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. (b) The representations and warranties of each Loan Party set forth in the Loan Documents are, after giving effect to this Amendment on such date, true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects) on and as of the Ninth 5 Amendment Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties were true and correct in all material respects as of such earlier date), and except that, for purposes of this Section 2.01(b), Section 4.7(a) of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished pursuant to Sections 6.1(b) or 6.1(c) of the Credit Agreement, as applicable, and Section 4.7(b) of the Credit Agreement shall be deemed to refer to the date of the most recent financial statements delivered pursuant to Section 6.1(b) of the Credit Agreement. (c) After giving effect to this Amendment and the transactions contemplated hereby on the Ninth Amendment Effective Date, no Default or Event of Default has occurred and is continuing on the Ninth Amendment Effective Date. SECTION 2.02. Effect of Amendment; Reaffirmation . (a) This Amendment is not intended to and shall not constitute a novation of the Credit Agreement or any of the other Loan Documents. Except as expressly set forth herein, this Amendment (i) shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of, the Lenders, the Issuing Lenders or the Agents under the Credit Agreement or any other Loan Document, and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document. Except as expressly set forth herein, each and every term, condition, obligation, covenant and agreement contained in the Credit Agreement or any other Loan Document is hereby ratified and re-affirmed in all respects and shall continue in full force and effect. Each Loan Party hereby expressly acknowledges the terms of this Amendment and (except as expressly set forth herein) reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which such Loan Party is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby and (ii) such Loan Party’s guarantee of the Obligations under the Guarantee in Section 10.1 of the Credit Agreement, as applicable, and such Loan Party’s prior grant and the validity of Liens and security interests on the Collateral to secure the Secured Obligations pursuant to the Security Documents and confirms that all such Liens and security interests continue in full force and effect to secure the Secured Obligations under the Loan Documents after giving effect to this Amendment. Without limiting the generality of the foregoing, the Security Documents and all of the Collateral described therein do and shall continue to secure the payment of all Secured Obligations of the Loan Parties under the Loan Documents, as amended by, and after giving effect to, this Amendment. Each Loan Party hereby consents to this Amendment and confirms that all obligations of the Loan Parties under the Loan Documents to which the Loan Parties are a party shall continue to apply to the Credit Agreement, including on and after the Ninth Amendment Effective Date, as amended hereby. Nothing herein shall be deemed to establish a precedent for purposes of interpreting the provisions of the Credit Agreement or entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall apply to and be effective only with respect to the provisions of the Credit Agreement and the other Loan Documents specifically referred to herein. 6 (b) On and after the Ninth Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each reference to the Credit Agreement, “thereunder”, “thereof”, “therein” or words of like import in any other Loan Document, shall be deemed a reference to the Credit Agreement, as amended hereby on the Ninth Amendment Effective Date. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. (c) The provisions of Sections 9.3 ( Exculpatory Provisions ), 11.5(b) ( Expenses; Indemnity; Damage Waiver ), 11.13 ( Acknowledgments ) and 11.17 ( USA PATRIOT Act ) of the Amended Credit Agreement are incorporated herein by reference mutatis mutandis and apply to all of the activities of each Ninth Amendment Arranger in connection with this Amendment (whether prior to, on or after the Ninth Amendment Effective Date). Anything herein to the contrary notwithstanding, none of the Ninth Amendment Arrangers shall have any powers, duties or responsibilities under this Amendment or any of the other Loan Documents, except in its capacity as a Ninth Amendment Arranger hereunder. SECTION 2.03. Governing Law . THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF) . The jurisdiction and waiver of right to trial by jury provisions in Section 11.12 of the Credit Agreement are incorporated herein by reference mutatis mutandis. SECTION 2.04. Costs and Expenses . The Borrower agrees to reimburse the Administrative Agent for its reasonable out of pocket expenses in connection with this Amendment and the transactions contemplated hereby, including the reasonable fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent and the Ninth Amendment Arrangers. SECTION 2.05. Counterparts . This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Any signature to this Amendment may be delivered by facsimile, .pdf, electronic mail or any electronic signature complying with the U.S. federal ESIGN Act of 2000 or the New York Electronic Signature and Records Act or other transmission method, and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes to the fullest extent permitted by applicable law. The Administrative Agent may require that any such documents and signatures delivered by facsimile, .pdf or other electronic means be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by facsimile, .pdf or other electronic means. 7 SECTION 2.06. Headings . The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. SECTION 2.07. Tax Fungibility of Tranche B-2 Term Loans . For U.S. federal and applicable state and local income tax purposes, all of the Tranche B-2 Term Loans (including the 2026 Incremental Tranche B-2 Term Loans) shall be treated as one fungible tranche of indebtedness. [Signature Pages Follow] 8 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their officers as of the date first above written. DAVITA INC. By: /s/ Joel Ackerman Name: Joel Ackerman Title: Chief Financial Officer and Treasurer [DVA - Signature Page to Ninth Amendment] GUARANTORS: DIALYSIS HOLDINGS, INC. DVA OF NEW YORK, INC. DVA HEALTHCARE OF MASSACHUSETTS, INC. DVA HEALTHCARE RENAL CARE, INC. DVA RENAL HEALTHCARE, INC. ISD I HOLDING COMPANY, INC. ISD II HOLDING COMPANY, INC. ISD RENAL, INC. PHYSICIANS DIALYSIS ACQUISITIONS, INC. RENAL LIFE LINK, INC. RENAL TREATMENT CENTERS, INC. RENAL TREATMENT CENTERS – CALIFORNIA, INC. RENAL TREATMENT CENTERS – ILLINOIS, INC. RENAL TREATMENT CENTERS – MID-ATLANTIC, INC. RENAL TREATMENT CENTERS – NORTHEAST, INC. RENAL TREATMENT CENTERS – WEST, INC. TOTAL RENAL CARE, INC. TOTAL RENAL LABORATORIES, INC. TRC WEST, INC. By: /s/ Stephanie N. Berberich Name: Stephanie N. Berberich Title: Secretary RENAL TREATMENT CENTERS - SOUTHEAST, LP By: Renal Treatment Centers, Inc., its general partner By: /s/ Stephanie N. Berberich Name: Stephanie N. Berberich Title: Secretary [DVA - Signature Page to Ninth Amendment] TOTAL RENAL CARE TEXAS LIMITED PARTNERSHIP By: Total Renal Care, Inc., its general partner By: /s/ Stephanie N. Berberich Name: Stephanie N. Berberich Title: Secretary VILLAGEHEALTH DM, LLC By: Total Renal Care, Inc., its managing member By: /s/ Stephanie N. Berberich Name: Stephanie N. Berberich Title: Secretary [Signature Page to Ninth Amendment] KNICKERBOCKER DIALYSIS, INC. DAVITA OF NEW YORK, INC. By: /s/ Nicholas M. Gossman Name: Nicholas M. Gossman Title: Secretary LIBERTY RC, INC. By: /s/ Nicholas M. Gossman Name: Nicholas M. Gossman Title: Treasurer [Signature Page to Ninth Amendment] JPMORGAN CHASE BANK, N.A., as Administrative Agent By: /s/ Yonas Zewdie Name: Yonas Zewdie Title: Vice Precident [Signature Page to Ninth Amendment] BANK OF AMERICA, N.A., as a 2026 Incremental Tranche B-2 Term Lender By: /s/ Darren Merten Name: Darren Merten Title: Managing Director Amount of 2026 Incremental Tranche B-2 Term Commitment: $500,000,000 [Signature Page to Ninth Amendment] Annex A Amended Credit Agreement Annex A CREDIT AGREEMENT Dated as of August 12, 2019, as amended by the First Amendment, dated as of February 13, 2020, as amended by the Second Amendment, dated as of April 3, 2023, as amended by the Third Amendment, dated as of April 28, 2023, as amended by the Fourth Amendment, dated as of May 9, 2024, as amended by the Fifth Amendment, dated as of August 7, 2024, as amended by the Sixth Amendment, dated as of August 13, 2024, as amended by the Seventh Amendment, dated as of July 17, 2025, and as amended by the Eighth Amendment, dated as of November 24, 2025 , and as amended by the Ninth Amendment, dated as of June 8, 2026 among DaVita Inc., as Borrower, The Guarantors Party Hereto, The Lenders Party Hereto, and JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent and Swingline Lender, JPMorgan Chase Bank, N.A., BofA Securities, Inc., Crédit Agricole Corporate and Investment Bank, Goldman Sachs Bank USA, HSBC Bank USA, N.A., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Bank of NovaScotia, Truist Securities, Inc. and Wells Fargo Bank, National Association, as Joint Lead Arrangers and Joint Bookrunners DNB Capital LLC and Santander Bank, N.A., as Senior Managing Agents TABLE OF CONTENTS Page SECTION 1 DEFINITIONS 1 1.1 Defined Terms 1 1.2 Classification of Loans 58 1.3 Terms Generally 58 1.4 Accounting Terms; GAAP 58 1.5 Resolution of Drafting Ambiguities 59 58 1.6 Exchange Rates; Currency Equivalents; Daily Simple RFR Loans 59 1.7 Additional Alternative Currencies 59 1.8 Change of Currency 60 1.9 Certain Conditions, Calculations and Tests 61 1.10 Divisions 62 1.11 Rates 62 SECTION 2 AMOUNT AND TERMS OF COMMITMENTS 63 2.1 Term Commitments 63 2.2 Procedure for Term Loan Borrowing 63 2.3 Repayment of Term Loans 64 63 2.4 Revolving Commitments 64 2.5 Procedure for Revolving Loan Borrowing 65 2.6 Swingline Commitment 66 65 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 66 2.8 Commitment Fees, etc. 68 2.9 Termination or Reduction of Revolving Commitments 69 2.10 Optional Prepayments 69 2.11 Mandatory Prepayments and Commitment Reductions 70 2.12 Conversion and Continuation Options 72 2.13 Limitations on Term Benchmark Loan Tranches 73 2.14 Interest Rates and Payment Dates 73 2.15 Computation of Interest and Fees 74 2.16 Inability to Determine Interest Rate 74 2.17 Pro Rata Treatment and Payments 78 2.18 Requirements of Law 80 2.19 Taxes 81 2.20 Indemnity 83 2.21 Change of Lending Office 84 2.22 Replacement of Lenders 84 2.23 Repayment of Loans; Evidence of Debt. 85 84 2.24 Increase in Commitments 85 2.25 Extensions of Term Loans and Revolving Commitments 89 88 2.26 Defaulting Lenders 91 2.27 Refinancing Amendments 92 - i - Page SECTION 3 LETTERS OF CREDIT 94 93 3.1 LC Commitment 94 93 3.2 Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions 94 3.3 Fees and Other Charges 95 3.4 Participations 95 3.5 Reimbursement 96 95 3.6 Obligations Absolute 96 3.7 Disbursement Procedures 97 3.8 Interim Interest 97 3.9 Replacement of the Issuing Lender 97 3.10 Cash Collateralization 98 97 3.11 Provisions Related to Extended Revolving Commitments 98 SECTION 4 REPRESENTATIONS AND WARRANTIES 99 98 4.1 Organization; Power 99 98 4.2 Capital Stock; Subsidiaries 99 4.3 Authorization; No Conflicts 99 4.4 No Approvals 99 4.5 Enforceability 100 99 4.6 Litigation 100 4.7 Financial Statements; Projections 100 4.8 Properties 100 4.9 Intellectual Property 101 100 4.10 No Material Misstatements 101 100 4.11 Margin Stock 101 4.12 Investment Company Act 101 4.13 Solvency 101 4.14 Employee Benefit Plans 101 4.15 Environmental Laws 102 4.16 Taxes 103 102 4.17 Government Reimbursement Programs; Medicare/Medicaid/Tricare 103 4.18 Agreements 105 104 4.19 Use of Proceeds 105 104 4.20 Labor Matters 105 4.21 [Reserved] 105 4.22 Security Documents 105 4.23 Anti-Terrorism and Sanctions 105 4.24 Beneficial Ownership Certification 106 SECTION 5 CONDITIONS PRECEDENT 107 106 5.1 Conditions to Initial Credit Extension 107 106 5.2 Conditions to All Credit Extensions 109 SECTION 6 AFFIRMATIVE COVENANTS 110 109 6.1 Reporting Requirements 110 6.2 Compliance with Laws, Etc. 112 - ii - Page 6.3 Payment of Taxes, Etc. 113 112 6.4 Compliance with Environmental Laws 113 6.5 Insurance 113 6.6 Preservation of Corporate Existence, Etc. 113 6.7 Visitation Rights 114 113 6.8 Keeping of Books 114 6.9 Maintenance of Properties, Etc. 114 6.10 Transactions with Affiliates 114 6.11 Use of Proceeds 115 114 6.12 Additional Collateral; Additional Guarantors 115 114 6.13 Security Interests; Further Assurances 115 6.14 Ratings 116 6.15 Designation of Subsidiaries 116 6.16 Post-Closing Actions 117 116 SECTION 7 NEGATIVE COVENANTS 117 7.1 Liens, Etc. 117 7.2 Debt. 120 119 7.3 Change in Nature of Business 123 7.4 Mergers, Etc. 123 7.5 Sales, Etc., of Assets 124 123 7.6 Investments in Other Persons 127 7.7 Restricted Payments 131 130 7.8 Fiscal Year 132 7.9 Prepayments of Other Debt; Modifications of Constitutive Documents and Other Documents, etc. 132 7.10 Negative Pledge 133 7.11 Payment Restrictions Affecting Restricted Subsidiaries 134 133 7.12 [Reserved] 135 134 7.13 [Reserved] 135 134 7.14 Anti-Terrorism Law; Anti-Money Laundering 135 134 7.15 Sanctioned Person 135 7.16 Financial Covenant 135 SECTION 8 EVENTS OF DEFAULT 136 135 8.1 Events of Default 136 135 8.2 Application of Proceeds 138 SECTION 9 THE AGENTS 140 139 9.1 Appointment and Authority 140 139 9.2 Rights as a Lender 140 139 9.3 Exculpatory Provisions 140 139 9.4 Reliance by Agent 141 140 9.5 Delegation of Duties 141 9.6 Resignation of Agent 141 9.7 Non-Reliance on Agent and Other Lenders 142 141 9.8 No Other Duties, etc. 142 - iii - Page 9.9 Withholding Tax 143 142 9.10 Certain ERISA Matters 143 142 9.11 Erroneous Payments 144 143 SECTION 10 GUARANTEE 146 145 10.1 The Guarantee 146 145 10.2 Obligations Unconditional 146 10.3 Reinstatement 147 10.4 Subrogation; Subordination 148 147 10.5 Remedies 148 147 10.6 Instrument for the Payment of Money 148 147 10.7 Continuing Guarantee 148 147 10.8 General Limitation on Guaranteed Obligations 148 147 10.9 Release of Guarantors 148 10.10 Keepwell 149 148 SECTION 11 MISCELLANEOUS 149 148 11.1 Amendments and Waivers 149 148 11.2 Notices 151 150 11.3 No Waiver; Cumulative Remedies 153 152 11.4 Survival 153 152 11.5 Expenses; Indemnity; Damage Waiver 154 153 11.6 Successors and Assigns; Participations and Assignments 155 154 11.7 Adjustments; Set-off 159 158 11.8 Counterparts; Integration; Effectiveness; Electronic Execution 159 158 11.9 Severability 161 160 11.10 WAIVER OF JURY TRIAL 161 160 11.11 GOVERNING LAW 161 160 11.12 Submission to Jurisdiction; Waivers 161 160 11.13 Acknowledgments 162 161 11.14 Releases of Guarantees and Liens 162 161 11.15 Confidentiality 162 161 11.16 Headings 163 162 11.17 USA PATRIOT Act 163 162 11.18 Interest Rate Limitation 164 162 11.19 Third Party Beneficiary 164 163 11.20 Acknowledgment and Consent to Bail-In of Affected Financial Institutions 164 163 11.21 Acknowledgment Regarding Any Supported QFCs 164 163 - iv - SCHEDULES : I Commitments II Specified LC Sublimits III Guarantors IV Unrestricted Subsidiaries 1.1 Existing Letters of Credit 4.2 Subsidiaries 4.4 Consents, Authorizations, Filings and Notices 6.16 Post-Closing Actions 7.1(c) Existing Liens 7.2(b) Existing Debt and Existing Swap Agreements 7.6 Investments EXHIBITS : A [Reserved] B Form of Compliance Certificate C Form of Solvency Certificate D [Reserved] E Form of Assignment and Assumption F [Reserved] G Form of Prepayment Option Notice H Form of Borrowing Request I [Reserved] J-1 – J-4 Forms of U.S. Tax Compliance Certificates K [Reserved] L Form of Joinder Agreement M Form of Intercompany Note N-1 Form of Revolving A-2 Loan Note N-2 Form of Tranche A-2 Term Loan Note N-3 [Reserved] N-4 Form of Swingline Note N-5 Form of Tranche B-2 Term Loan Note O Form of LC Request P Form of Interest Election Request Q Form of First Lien Intercreditor Agreement - v - This CREDIT AGREEMENT, dated as of August 12, 2019 (as may be amended, restated, supplemented or otherwise modified from time to time, this “ Agreement ”), among DaVita Inc., a Delaware corporation (the “ Borrower ”), the Guarantors (as defined in Section 1.1 ) party hereto, the several banks and other financial institutions or entities from time to time lenders under this Agreement (the “ Lenders ”), Bank of America, N.A., Barclays Bank PLC, Credit Suisse Loan Funding LLC, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc. and SunTrust Bank, as co-documentation agents (in such capacity, the “ Documentation Agents ”), Credit Agricole Corporate and Investment Bank, JPMorgan Chase Bank, N.A. and MUFG Bank, Ltd., as co-syndication agents (in such capacity, the “ Syndication Agents ”), and JPMorgan Chase Bank, N.A., as administrative agent, collateral agent and swingline lender. WITNESSETH: WHEREAS, the Borrower, the Guarantors, the Lenders and the Administrative Agent entered into this Agreement in connection with the consummation of the Transactions, and as of the Eighth Ninth Amendment Effective Date, the Borrower intends to refinance the incur Incremental Term Loan Commitments in the form of Tranche A-1 B-2 Term Loans and Revolving A-1 Commitments outstanding under this Agreement immediately prior to the Eighth Amendment Effective Date (as hereinafter defined) ; WHEREAS, on the Eighth Ninth Amendment Effective Date, the Borrower has requested the Lenders to extend credit in the form of (a) 2026 Incremental Tranche A B -2 Term Loans on the Eighth Ninth Amendment Effective Date in an aggregate principal amount of $ 2,000,000,000, (b) Dollar Revolving A-2 Commitments on or after the Eighth Amendment Effective Date in an aggregate principal amount of $1,200,000,000 and (c) Alternative Currency Revolving A-2 Commitments on or after the Eighth Amendment Effective Date in an aggregate principal amount of $300,000,000; and 500,000,000; and WHEREAS, the proceeds of the Loans are to be used in accordance with Section 4.19 . NOW, THEREFORE, the Lenders are willing to extend such credit to Borrower and the Issuing Lender is willing to issue letters of credit for the account of Borrower on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: SECTION 1 DEFINITIONS 1.1 Defined Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth in this Section 1.1 . “2026 Incremental Tranche B-2 Term Commitments” shall have the meaning given to such term in the Ninth Amendment. The aggregate amount of 2026 Incremental Tranche B-2 Term Commitments as of the Ninth Amendment Effective Date is $500,000,000. “2026 Incremental Tranche B-2 Term Loans” shall have the meaning given to such term in the Ninth Amendment. “ 2030 Senior Notes ” shall mean the 4.625% Senior Notes due 2030 issued pursuant to the 2030 Senior Notes Indenture, including, without limitation, $2,750,000,000 aggregate principal amount of 1 such 4.625% Senior Notes due 2030 outstanding as of the Eighth Amendment Effective Date and such additional 4.625% Senior Notes due 2030 as may be issued from time to time thereafter. “ 2030 Senior Notes Guarantees ” shall mean the guarantees of the 2030 Senior Notes pursuant to the 2030 Senior Notes Indenture by the guarantors party to the 2030 Senior Notes Indenture from time to time. “ 2030 Senior Notes Indenture ” shall mean the indenture dated as of June 9, 2020 by and among the Borrower, the guarantors party thereto from time to time and The Bank of New York Mellon Trust Company, N.A., as trustee, pursuant to which the 2030 Senior Notes were issued, and may hereafter be issued, as the same may be amended or supplemented from time to time. “ 2031 Senior Notes ” shall mean the 3.750% Senior Notes due 2031 issued pursuant to the 2031 Senior Notes Indenture, including, without limitation, $1,500,000,000 aggregate principal amount of such 3.750% Senior Notes due 2031 outstanding as of the Eighth Amendment Effective Date and such additional 3.750% Senior Notes due 2031 as may be issued from time to time thereafter. “ 2031 Senior Notes Guarantees ” shall mean the guarantees of the 2031 Senior Notes pursuant to the 2031 Senior Notes Indenture by the guarantors party to the 2031 Senior Notes Indenture from time to time. “ 2031 Senior Notes Indenture ” shall mean the indenture dated as of August 11, 2020 by and among the Borrower, the guarantors party thereto from time to time and The Bank of New York Mellon Trust Company, N.A., as trustee, pursuant to which the 2031 Senior Notes were issued and may hereafter be issued, as the same may be amended or supplemented from time to time. “ 2032 Senior Notes ” shall mean the 6.875% Senior Notes due 2032 issued pursuant to the 2032 Senior Notes Indenture, including, without limitation, $1,000,000,000 aggregate principal amount of such 6.875% Senior Notes due 2032 outstanding as of the Eighth Amendment Effective Date and such additional 6.875% Senior Notes due 2032 as may be issued from time to time thereafter. “ 2032 Senior Notes Guarantees ” shall mean the guarantees of the 2032 Senior Notes pursuant to the 2032 Senior Notes Indenture by the guarantors party to the 2032 Senior Notes Indenture from time to time. “ 2032 Senior Notes Indenture ” shall mean the indenture dated as of August 13, 2024 by and among the Borrower, the guarantors party thereto from time to time and The Bank of New York Mellon Trust Company, N.A., as trustee, pursuant to which the 2032 Senior Notes were issued and may hereafter be issued, as the same may be amended or supplemented from time to time. “ 2033 Senior Notes ” shall mean the 6.750% Senior Notes due 2033 issued pursuant to the 2033 Senior Notes Indenture, including, without limitation, $1,000,000,000 aggregate principal amount of such 6.750% Senior Notes due 2033 outstanding as of the Eighth Amendment Effective Date and such additional 6.750% Senior Notes due 2033 as may be issued from time to time thereafter. “ 2033 Senior Notes Guarantees ” shall mean the guarantees of the 2033 Senior Notes pursuant to the 2033 Senior Notes Indenture by the guarantors party to the 2033 Senior Notes Indenture from time to time. 2 “ 2033 Senior Notes Indenture ” shall mean the indenture dated as of May 23, 2025 by and among the Borrower, the guarantors party thereto from time to time and Wilmington Trust, National Association, as trustee, pursuant to which the 2033 Senior Notes were issued and may hereafter be issued, as the same may be amended or supplemented from time to time. “ ABR ” shall mean, for any day, a rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus ½ of 1%, and (c) Term SOFR for a one-month tenor in effect on such day plus 1%. For purposes hereof: “ Prime Rate ” shall mean the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Board (as determined by the Administrative Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively; provided that the ABR shall at no time be less than 0.0% per annum. “ ABR Loans ” shall mean Loans the rate of interest applicable to which is based upon the ABR. ABR Loans shall be denominated in Dollars. “ Acquisition Period ” shall mean any period commencing on the date that a Material Acquisition is consummated through and including the last day of the fourth full fiscal quarter following the date on which such acquisition is consummated; provided that there shall be at least one full fiscal quarter between any two Acquisition Periods. “ Additional Extended Tranche B-1 Term Lender ” shall have the meaning given to such term in the Fourth Amendment. “ Additional Refinancing Lender ” shall mean, at any time, any bank, financial institution or other institutional lender or investor (other than any such bank, financial institution or other institutional lender or investor that is a Lender at such time) that agrees to provide any portion of Credit Agreement Refinancing Debt pursuant to a Refinancing Amendment in accordance with Section 2.27 ; provided that each Additional Refinancing Lender shall be subject to the approval of (i) the Administrative Agent, such approval not to be unreasonably withheld or delayed, to the extent that each such Additional Refinancing Lender is not then an existing Lender, an Affiliate of a then existing Lender or an Approved Fund, (ii) in the case of any Other Revolving Commitments, the Issuing Lender and the Swingline Lender and (iii) the Borrower. “ Additional Tranche B-2 Term Lender ” has the meaning assigned thereto in the Seventh Amendment. “ Adjustment Date ” shall have the meaning given to such term in the definition of “Pricing Grid.” “ Administrative Agent ” shall mean (a) prior to the effectiveness of the Agency Transfer Agreement, Wells Fargo Bank, National Association and (b) on and after the effectiveness of the Agency 3 Transfer Agreement, JPMorgan Chase Bank, N.A., together with its affiliates, as the arranger of the Commitments and as the administrative agent for the Lenders under this Agreement and the other Loan Documents, together with any of its successors. “ Administrative Questionnaire ” shall mean an Administrative Questionnaire in a form supplied by the Administrative Agent. “ Affected Financial Institution ” means (a) any EEA Financial Institution, or (b) any UK Financial Institution. “ Affiliate ” shall mean, as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person shall mean the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person, whether by contract or otherwise. “ Agency Transfer Agreement ” shall mean that certain Agency Resignation, Appointment and Assumption Agreement, dated as of the Eighth Amendment Effective Date, among the Borrower, JPMorgan Chase Bank, N.A., as successor Administrative Agent, Collateral Agent and Swingline Lender, and Wells Fargo Bank, National Association, as resigning Administrative Agent, Collateral Agent and Swingline Lender. “ Agents ” shall mean, collectively, the Syndication Agents, the Documentation Agents, the Collateral Agent, the Administrative Agent, the Third Amendment Agents, the Fourth Amendment Agents, the Sixth Amendment Agents, the Seventh Amendment Arrangers and , the Eighth Amendment Agents and the Ninth Amendment Agents . “ Aggregate Exposure ” shall mean, with respect to any Lender at any time, an amount equal to the sum of (i) the aggregate then unpaid principal amount of such Lender’s Term Loans and (ii) the amount of such Lender’s Revolving A-2 Commitment then in effect or, if the Revolving A-2 Commitments have been terminated, the amount of such Lender’s Revolving A-2 Extensions of Credit then outstanding. “ Aggregate Exposure Percentage ” shall mean, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. “ Agreement ” shall have the meaning given to such term in the preamble hereto. “ Alternative Currency ” shall mean each of Dollars, Euro and Sterling and each other currency that is approved in accordance with Section 1.7 . “ Alternative Currency Equivalent ” shall mean, subject to Section 1.6, for any amount, at the time of determination thereof, with respect to any amount expressed in Dollars, (i) if the applicable Alternative Currency is other than Dollars, the equivalent of such amount thereof in the applicable Alternative Currency as determined by the Administrative Agent in its sole discretion by reference to the most recent Spot Rate (as determined as of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars or (ii) if the applicable Alternative Currency is Dollars, such amount. 4 “ Alternative Currency LC Obligations ” shall mean, at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of the then outstanding Alternative Currency Letters of Credit and (b) the aggregate amount of all LC Disbursements in respect of Alternative Currency Letters of Credit that have not then been reimbursed pursuant to Section 3.5 . The Alternative Currency LC Obligations of any Lender at any time shall be its Alternative Currency Revolving Percentage of the total Alternative Currency LC Obligations at such time. “ Alternative Currency Letter of Credit ” shall mean each Letter of Credit issued under the Alternative Currency Revolving Facility. “ Alternative Currency Revolving A-2 Commitment ” shall mean, as to any Lender, the obligation of such Lender, if any, to make Alternative Currency Revolving Loans and participate in Swingline Loans and Alternative Currency Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 to the Eighth Amendment, in an Increase Joinder or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. “ Alternative Currency Revolving A-2 Lender ” shall mean each Lender that has an Alternative Currency Revolving A-2 Commitment or holds Alternative Currency Revolving Loans. “ Alternative Currency Revolving Extensions of Credit ” shall mean, as to any Alternative Currency Revolving A-2 Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Alternative Currency Revolving Loans held by such Lender then outstanding, (b) such Lender’s Alternative Currency Revolving Percentage of the LC Obligations then outstanding and (c) such Lender’s Alternative Currency Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding. “ Alternative Currency Revolving Facility ” shall mean the Alternative Currency Revolving A-2 Commitments and the Alternative Currency Revolving Loans made thereunder. “ Alternative Currency Revolving Loans ” shall have the meaning given to such term in Section 2.4(a) . “ Alternative Currency Revolving Percentage ” shall mean, as to any Alternative Currency Revolving A-2 Lender at any time, the percentage which such Lender’s Alternative Currency Revolving A-2 Commitment then constitutes of the Total Alternative Currency Revolving A-2 Commitments or, at any time after the Alternative Currency Revolving A-2 Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Alternative Currency Revolving Loans then outstanding constitutes of the aggregate principal amount of the Alternative Currency Revolving Loans then outstanding; provided that, in the event that the Alternative Currency Revolving Loans are paid in full prior to the reduction to zero of the Total Alternative Currency Revolving Extensions of Credit, the Alternative Currency Revolving Percentages shall be the Alternative Currency Revolving Percentages in effect immediately prior to such payment in full. “ Anti-Corruption Laws ” shall have the meaning given to such term in Section 4.23(a)(ii) . “ Anti-Terrorism Laws ” shall have the meaning given to such term in Section 4.23(a)(i) . 5 “ Applicable Margin ” shall mean, for each Type of Loan, the rate per annum set forth under the relevant column heading below: ABR Loans EURIBOR Loans, Term SOFR Loans, SOFR Loans or RFR Loans Revolving A-2 Loans and Swingline Loans 0.50% 1.50% Tranche A-2 Term Loans 0.50% 1.50% Tranche B-2 Term Loans 0.75% 1.75% ; provided that on and after the first Adjustment Date occurring after the completion of the Fiscal Quarter of the Borrower ending March 31, 2026, the Applicable Margin in respect of all Loans (other than the Tranche B-2 Term Loans) will be determined pursuant to the Pricing Grid. “ Applicable Participants ” shall mean (i) with respect to any Alternative Currency Letter of Credit, the Alternative Currency Revolving A-2 Lenders and (ii) with respect to any Dollar Letters of Credit, the Dollar Revolving A-2 Lenders. “ Application ” shall mean an application, in such form as the Issuing Lender may specify from time to time, requesting the Issuing Lender to open a Letter of Credit. “ Approved Fund ” shall have the meaning given to such term in Section 11.6(b) . “ Asset Sale ” shall mean any Disposition of property (including sales and issuances of Capital Stock of any Restricted Subsidiary (other than sales and issuances that do not decrease the percentage ownership of the Borrower and its Restricted Subsidiaries in each class of Capital Stock of such Restricted Subsidiary)) or series of related Dispositions of property (excluding any such Disposition permitted by clauses (a) – (e), (g), (h), (i), (j), (l) – (v) of Section 7.5 ) that yields Net Cash Proceeds to any Restricted Company (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at fair market value in the case of other non-cash proceeds) in excess of $75,000,000 ( provided that the issuance and sale of the Borrower’s stock by the Borrower shall not be deemed an “Asset Sale”). “ Assignee ” shall have the meaning given to such term in Section 11.6( b )(i) . “ Assignment and Assumption ” shall mean an Assignment and Assumption , substantially in the form of Exhibit E . “ Attributable Indebtedness ” means, on any date, in respect of any Financing Lease of any Person, the capitalized amount thereof that would appear on a balance sheet as debt of such Person prepared as of such date in accordance with GAAP. “ Available Alternative Currency Revolving A-2 Commitment ” shall mean, as to any Alternative Currency Revolving A-2 Lender at any time, an amount equal to (a) such Lender’s Alternative Currency Revolving A-2 Commitment then in effect minus (b) such Lender’s Alternative Currency 6 Revolving Extensions of Credit then outstanding; provided that in calculating any Lender’s Alternative Currency Revolving Extensions of Credit for the purpose of determining such Lender’s Available Alternative Currency Revolving A-2 Commitment pursuant to Section 2.8(a) , the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero. “ Available Amount ” shall mean, at any date of determination (the “ Available Amount Reference Date ”), an amount equal to (a) Cumulative Consolidated Net Income minus (b) the aggregate sum of (i) Investments made pursuant to Section 7.6(k)(ii) , (ii) the amount of purchases, redemptions, acquisitions, dividends and distributions made pursuant to Section 7.7(d)(ii) and (iii) the amount of payments, prepayments, redemptions or acquisitions of Debt pursuant to Section 7.9(a)(ii)(y) , in each case during the period from and including the Business Day immediately following the Eighth Amendment Effective Date through and including the Available Amount Reference Date (without taking into account the intended usage of the Available Amount on such Available Amount Reference Date). For the avoidance of doubt, if the Available Amount is a negative amount, it shall not reduce availability hereunder under any other exception or provision not based on the Available Amount. “ Available Dollar Revolving A-2 Commitment ” shall mean, as to any Dollar Revolving A-2 Lender at any time, an amount equal to (a) such Lender’s Dollar Revolving A-2 Commitment then in effect minus (b) such Lender’s Dollar Revolving Extensions of Credit then outstanding. “ Available Revolving A-2 Commitment ” shall mean, collectively, the Available Dollar Revolving A-2 Commitment and the Available Alternative Currency Revolving A-2 Commitment. “ Available Tenor ” means, as of any date of determination and with respect to any then-current Benchmark for any Currency, as applicable, (a) if such Benchmark is a term rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant to this Agreement or (b) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 2.16(b)(iv) . “ Bail-In Action ” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. “ Bail-In Legislation ” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). “ Bankruptcy Event ” shall mean, with respect to any Person, such Person has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, 7 has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment; provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof if such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. “ Benchmark ” means, initially, with respect to any (a) Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, Dollars, the Term SOFR Reference Rate or Daily Simple SOFR, as applicable, (b) Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, Sterling, the Daily Simple RFR, and (c) Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, Euros, EURIBOR; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate, Daily Simple SOFR, EURIBOR, Daily Simple RFR or the then-current Benchmark for such Currency, then “Benchmark” means, with respect to such Obligations, interest, fees, commissions or other amounts, the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.16(b)(i) . “ Benchmark Replacement ” means, with respect to any Benchmark Transition Event for any then-current Benchmark, the sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for such Benchmark giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for such Benchmark for syndicated credit facilities denominated in the applicable Currency at such time and (b) the related Benchmark Replacement Adjustment; provided that, if such Benchmark Replacement as so determined would be less than 0.00% per annum, such Benchmark Replacement will be deemed to be 0.00% per annum for the purposes of this Agreement and the other Loan Documents. “ Benchmark Replacement Adjustment ” means, with respect to any replacement of any then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Available Tenor, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the applicable Currency. “ Benchmark Replacement Date ” means the earliest to occur of the following events with respect to the then-current Benchmark for any Currency: (a) in the case of clause (a) or (b) of the definition of “Benchmark Transition Event,” the later of (i) the date of the public statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark (or the published component used in the calculation 8 thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or (b) in the case of clause (c) of the definition of “Benchmark Transition Event,” the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be non-representative; provided that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (c) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date. For the avoidance of doubt, the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (a) or (b) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof). “ Benchmark Transition Event ” means, with respect to the then-current Benchmark for any Currency, the occurrence of one or more of the following events with respect to such Benchmark: (a) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); (b) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the Board, the Federal Reserve Bank of New York, the central bank for the Currency applicable to such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or (c) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are not, or as of a specified future date will not be, representative. For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 9 “ Benchmark Transition Start Date ” means, with respect to any Benchmark for any Currency, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90 th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication). “ Benchmark Unavailability Period ” means, with respect to any then-current Benchmark for any Currency, the period (if any) (x) beginning at the time that a Benchmark Replacement Date with respect to such Benchmark pursuant to clauses (a) or (b) of that definition has occurred if, at such time, no Benchmark Replacement has replaced such Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.16(b)(i) and (v) ending at the time that a Benchmark Replacement has replaced such Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.16(b)(i) . “ Beneficial Ownership Certification ” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation. “ Beneficial Ownership Regulation ” means 31 C.F.R. § 1010.230. “ Benefit Plan ” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. “ Benefitted Lender ” shall have the meaning given to such term in Section 11.7(a) . “ Board ” shall mean the Board of Governors of the Federal Reserve System of the United States (or any successor). “ Board of Directors ” shall mean, with respect to any Person, (i) in the case of any corporation, the board of directors of such Person, (ii) in the case of any limited liability company, the board of managers of such Person, (iii) in the case of any partnership, the Board of Directors of the general partner of such Person and (iv) in any other case, the functional equivalent of the foregoing. “ Borrower ” shall have the meaning given to such term in the preamble hereto. “ Borrowing Date ” shall mean any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder. “ Borrowing Request ” shall mean a Borrowing Request substantially in the form of Exhibit H . “ Business Day ” shall mean a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to close and, in each case, (a) if such day relates to any interest rate settings as to a Term SOFR Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in 10 respect of any such Term SOFR Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such Term SOFR Loan, means any such day except a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities; (b) if such day relates to any interest rate settings as to a SOFR Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such SOFR Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such SOFR Loan, means any such day except a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. (c) if such day relates to any interest rate settings as to a EURIBOR Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such EURIBOR Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such EURIBOR Loan, means a TARGET Day; and (d) if such day relates to any interest rate settings as to an RFR Loan denominated in Sterling, any fundings, disbursements, settlements and payments in Sterling in respect of any such RFR Loan, or any other dealings in Sterling to be carried out pursuant to this Agreement in respect of any such RFR Loan, means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for general business in London. “ Capital Assets ” shall mean, with respect to any Person, all equipment, fixed assets and Real Property or improvements of such Person, or replacements or substitutions therefor or additions thereto that, in accordance with GAAP, have been or should be reflected as additions to property, plant or equipment on the balance sheet of such Person. “ Capital Expenditures ” shall mean, with respect to any Person for any period, all expenditures made directly or indirectly by such Person during such period for Capital Assets related to acquiring, maintaining, replacing or repairing existing property or assets (including any Dialysis Facility) of such Person (whether paid in cash or other consideration or accrued as a liability), but, for the avoidance of doubt, excluding any Investments permitted by Section 7.6(e) and (f) . For purposes of this definition, the purchase price of equipment or other fixed assets that are purchased simultaneously with the trade-in of existing assets or with insurance proceeds shall be included in Capital Expenditures only to the extent of the amount by which such purchase price exceeds the credit granted by the seller of such assets for the assets being traded in at such time or the amount of such insurance proceeds, as the case may be. “ Capital Stock ” shall mean any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. “ Captive Insurance Subsidiary ” shall mean, any Subsidiary that is regulated as an insurance company by a state health, financing, insurance or human services agency in the United States. 11 “ Cash Equivalents ” shall mean (a) securities with maturities of one year or less from the date of acquisition, or floating rate securities with longer maturities but rate resets within a year, issued, fully guaranteed or insured by the United States of America (or any agency or instrumentality thereof), or any foreign government or supranational organization, rated AAA by S&P and Aaa by Moody’s, (b) securities with maturities of one year or less from the date of acquisition issued, fully guaranteed by any State of the United States of America or any political subdivision thereof either (i) rated at least AA- or SP1 by S&P or Aa3 or MIG1 by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments or (ii) fully collateralized by securities described in clause (a) and/or cash, (c) certificates of deposit, time deposits, overnight bank deposits, bankers’ acceptances and repurchase agreements issued by a Qualified Issuer or fully insured or guaranteed by the United States of America (or any agency or instrumentality thereof) to the extent the same are backed by the full faith and credit of the United States of America having maturities of one year or less from the date of acquisition, (d) commercial paper or corporate bonds of an issuer rated at least A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments, and having maturities of 270 days or less from the date of acquisition, (e) money market accounts or funds, mutual funds, or funds exempt from SEC registration, a substantial portion of the assets of which constitute Cash Equivalents described in clauses (a) through (d) above, with, issued by or managed by Qualified Issuers, (f) money market accounts or funds, mutual funds, or funds exempt from SEC registration, a substantial portion of the assets of which constitute Cash Equivalents described in clauses (a) through (d) above, which money market accounts or funds have net assets of not less than $500,000,000 and have the highest rating available of either S&P or Moody’s, or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments and (g) money market accounts or funds rated at least AA by S&P and at least Aa by Moody’s. “ Cash Management Agreement ” shall mean any agreement to provide cash management services, including treasury, depository, overdraft, purchasing card, travel and entertainment card, credit or debit card, electronic funds transfer and other cash management arrangements. “ Cash Management Bank ” shall mean any Person that, at the time it enters into a Cash Management Agreement (or with respect to Cash Management Agreements existing on the Closing Date, on the Closing Date), is the Administrative Agent, a Lender or an Affiliate of the Administrative Agent or a Lender, in its capacity as a party to such Cash Management Agreement. “ CERCLA ” shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. § 9601 et seq ., and all implementing regulations. “ Change in Law ” shall have the meaning given to such term in Section 2.18 (b) . “ Change of Control ” shall mean at any time: (a) any “person” or “group” (each as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) other than a Permitted Holder (i) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of Voting Interests in the Borrower (including through securities convertible into or exchangeable for such Voting Interests) representing 35% or more of the combined voting power of all of the Voting Interests in the Borrower (on a fully diluted basis) or (ii) otherwise has the ability, directly or indirectly, to elect a majority of the Board of Directors of the Borrower; 12 (b) during any period of two consecutive years, individuals who at the beginning of such period constituted the Board of Directors of the Borrower (together with any new directors whose election to such Board of Directors or whose nomination for election was approved by a vote of a majority of the members of the Board of Directors of the Borrower, which members comprising such majority were either directors at the beginning of such period or were elected or nominated by such directors) have ceased for any reason to constitute a majority of the Board of Directors of the Borrower; or (c) the occurrence of a Specified Change of Control; provided that notwithstanding the foregoing the occurrence of a reorganization that results in all the Capital Stock of the Borrower being held by a Parent Entity shall not result in a Change of Control, so long as the shareholders of the Parent Entity immediately after such reorganization are substantially the same as the shareholders of the Borrower (with substantially equivalent ownership percentages) immediately preceding such reorganization. “ Charges ” shall have the meaning given to such term in Section 11.18 . “ Class ,” when used in reference to any Loan or borrowing, refers to whether such Loan, or the Loans comprising such borrowing, are Dollar Revolving Loans, Alternative Currency Revolving Loans, Tranche A-2 Term Loans, Tranche B-2 Term Loans (including, for the avoidance of doubt, the Incremental Tranche B-2 Term Loans and the 2026 Incremental Tranche B-2 Term Loans), Incremental Term Loans, Extended Term Loans, Other Revolving Loans or Other Term Loans; when used in reference to any Commitment, refers to whether such Commitment is a Tranche A-2 Term Commitment, Tranche B-2 Term Commitment (including, for the avoidance of doubt, the Incremental Tranche B-2 Term Commitments and the 2026 Incremental Tranche B-2 Term Commitments ), Dollar Revolving A-2 Commitment, Alternative Currency Revolving A-2 Commitment, Incremental Term Loan Commitment, Increased Revolving Commitment, Extended Revolving Commitment, Other Term Loan Commitment or Other Revolving Commitment; and, when used in reference to any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular Class. “ Closing Date ” shall mean the date on which the conditions precedent set forth in Sections 5.1 and 5.2 shall have been satisfied or waived. “ Code ” shall mean the Internal Revenue Code of 1986, as amended from time to time. “ Collateral ” shall mean the Collateral as defined in the Security Agreement and all other property of the Loan Parties, now owned or hereafter acquired, or in which a Loan Party otherwise has rights, title or interest, upon which a Lien is purported to be created by any Security Document. “ Collateral Agent ” shall mean (a) prior to the effectiveness of the Agency Transfer Agreement, Wells Fargo Bank, National Association, in its capacity as collateral agent for the Secured Parties and the Issuing Lender, and (b) on and after the effectiveness of the Agency Transfer Agreement, JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the Secured Parties and the Issuing Lender, and its successors. “ Commitment ” shall mean, as to any Lender, the sum of the Tranche A-2 Term Commitment, the Tranche B-2 Term Commitment (including, for the avoidance of doubt, the Incremental 13 Tranche B-2 Term Commitment and the 2026 Incremental Tranche B-2 Term Commitment ) and the Revolving A-2 Commitment of such Lender and any Commitment extended by such Lender as provided in Section 2.24 . “ Commitment Fee Rate ” shall mean 0.20% per annum; provided that on and after the first Adjustment Date occurring after the completion of the Fiscal Quarter of the Borrower ending March 31, 2026, the Commitment Fee Rate will be determined pursuant to the Pricing Grid. “ Commodity Exchange Act ” shall mean the Commodity Exchange Act (7 U.S.C. § 1 et seq .), as amended from time to time, and any successor statute. “ Communications ” shall have the meaning given to such term in Section 11 .2(d) . “ Compliance Certificate ” shall mean a certificate duly executed by a Responsible Officer substantially in the form of Exhibit B . “ Conduit Lender ” shall mean any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided , further , that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18 , 2.19 , 2.20 or 11.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment. “ Confidential Healthcare Information ” shall have the meaning provided in Section 6.7 . “ Conforming Changes ” means, with respect to the use or administration of an initial Benchmark or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “ABR”, the definition of “Business Day,” the definition of “Interest Period” or any similar or analogous definition (or the addition of a concept of “interest period”), timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of Section 2.20 and other technical, administrative or operational matters) that the Administrative Agent reasonably decides may be appropriate to reflect the adoption and implementation of any such rate or to permit the use and administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent reasonably decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent reasonably determines that no market practice for the administration of any such rate exists, in such other manner of administration as the Administrative Agent reasonably decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). “ Consolidated ” or “ consolidated ” shall mean the consolidation of accounts in accordance with GAAP. 14 “ Consolidated EBITDA ” shall mean with respect to any Person for any period, the amount equal to the sum of (a) the Consolidated Net Income of such Person and its Restricted Subsidiaries for such period plus (b) the sum of each of the following expenses that have been deducted in the determination of the Consolidated Net Income of such Person and its Restricted Subsidiaries for such period: (i) the Consolidated Interest Expense of such Person and its Restricted Subsidiaries for such period and any cash charges for refinancing any of the Obligations, (ii) all income tax expense (whether federal, state, local, foreign or otherwise) of such Person and its Restricted Subsidiaries for such period, (iii) all depreciation expense of such Person and its Restricted Subsidiaries for such period, (iv) all amortization expense of such Person and its Restricted Subsidiaries for such period, (v) cash fees, expenses, charges, debt extinguishment costs and other costs incurred in connection with the Transactions, (vi) all non-cash charges, write-downs, expenses, losses or items otherwise deducted in determining the Consolidated Net Income of such Person and its Restricted Subsidiaries for such period (excluding any non-cash charge that results in an accrual of a reserve for cash charges in any future period or amortization of a prepaid cash expense that was paid in a prior period not included in the calculation); provided that for any period, the amount of non-cash charges arising from the write-off of current assets shall not be included in this subclause (vi), (vii) consolidated expenses for valuation adjustments or impairment charges, (viii) all expenses and charges relating to non-controlling interests and equity income in Restricted Subsidiaries, (ix) all extraordinary losses subtracted in determining the Consolidated Net Income of such Person and its Restricted Subsidiaries for such period, (x) any losses of a Person (other than a Restricted Subsidiary) in which the Borrower or any of its Restricted Subsidiaries has an ownership interest that is accounted for using the equity method, (xi) cash fees, expenses, charges, debt extinguishment costs and other costs incurred in connection with any Investments permitted by Section 7.6(e), (f), (i), (j) or (o) and any sale, lease transfer or other disposition of assets permitted by Section 7.5(f), (g), (h), (i), (j), (k) or (m), (xii) cash expenses attributable to the early extinguishment or conversion of Debt (including deferred financing expenses written off and premiums paid), (xiii) unusual or nonrecurring losses or charges for such period, (xiv) pro forma “run rate” cost savings, operating expense reductions, costs, charges and expenses in connection with operational improvements and cost synergies that are reasonably identifiable and factually supportable (in the good faith determination of the Borrower) related to any permitted acquisition, investment, disposition, operating improvement, restructuring, cost savings initiative, any similar initiative (including the renegotiation of contracts and other arrangements) and/or specified transaction, net of the amount of actual benefits realized during such period from such actions; provided that such cost savings, operating expense reductions, costs, charges and expenses in connection with operational improvements and cost synergies are expected by the Borrower in good faith to result from actions that have been taken or with respect to which substantial steps have been taken or are expected to be taken (in the good faith determination of the Borrower) within 18 months of the consummation of such transaction or the taking of such initiative; provided , further that the aggregate amount that may be added back pursuant to this clause (xiv) (including pursuant to the definition of “Pro Forma Basis”) shall not exceed 20% of Consolidated EBITDA of such Person and its Restricted Subsidiaries for such period (as calculated prior to giving effect to such adjustments) (any such amounts added back pursuant to this clause (xiv), “ Permitted Cost Savings ”), and (xv) any costs, charges and expenses in connection with severance arrangements, minus (c) all extraordinary gains added in determining the Consolidated Net Income of such Person and its Restricted Subsidiaries for such period, minus (d) the aggregate amount of all non-cash items increasing Consolidated Net Income (other than the accrual of revenue or recording of receivables in the ordinary course of business)for such period, minus (e) unusual or nonrecurring gains for such period. Unless the context otherwise requires, each reference to “Consolidated EBITDA” in this Agreement shall be deemed to refer to the Consolidated EBITDA of the Borrower and the Restricted Subsidiaries. 15 Consolidated EBITDA shall be calculated on a Pro Forma Basis to give effect to Specified Transactions that have been made at any time on or after the first day of the Measurement Period thereof but prior to or contemporaneously with the event for which the calculation is made (such date, the “ Reference Date ”) as if each such Specified Transaction had been consummated on the day prior to the first day of such period. Notwithstanding anything to the contrary contained in this paragraph, when calculating the Leverage Ratio for purposes of (i) the Pricing Grid and (ii) determining actual compliance (and not compliance on a Pro Forma Basis) with any covenant pursuant to Section 7.16 , (A) any Specified Transactions that occurred subsequent to the end of the applicable Measurement Period shall not be given pro forma effect and (B) such calculations shall be based on the financial statements delivered pursuant to Section 6.1(b) or (c) , as applicable, for the relevant Measurement Period. “ Consolidated Interest Expense ” shall mean, with respect to any Person for any period, the gross interest expense accrued on all Debt of such Person and its Restricted Subsidiaries during such period, determined on a Consolidated basis and in accordance with GAAP for such period, including, without limitation, (a) in the case of the Borrower, all fees paid or payable pursuant to Section 2.8 , (b) commissions, discounts and other fees and charges paid or payable in connection with letters of credit (including, without limitation, the Letters of Credit), (c) all amortization of original issue discount in respect of all Debt of such Person and its Restricted Subsidiaries, (d) all dividends on Redeemable Preferred Interests, to the extent paid or payable in cash, (e) commissions, discounts, yield and other fees and charges incurred in connection with any Permitted Receivables Financing which are payable to any Person other than the Borrower or a Guarantor, (f) imputed interest on Financing Lease Obligations of the Borrower and its Restricted Subsidiaries for such period (but excluding, for the avoidance of doubt, any lease, rental or other expense in connection with a Non-Financing Lease Obligation) and (g) cash contributions to any employee stock ownership plan or similar trust to the extent such contributions are used by such plan or trust to pay interest or fees to any Person (other than such Person and its Restricted Subsidiaries) in connection with Debt incurred by such plan or trust, minus interest income of the Borrower and its Restricted Subsidiaries received upon cash and Cash Equivalents during such period. For purposes of this definition, interest on a Financing Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by the Borrower to be the rate of interest implicit in such Financing Lease Obligation in accordance with GAAP (or, if not implicit, as otherwise determined in accordance with GAAP). “ Consolidated Net Income ” shall mean, for any period, the consolidated net income (or net loss) of the Restricted Companies, determined on a Consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income (or deficit) of any Person accrued prior to the date it becomes a Restricted Subsidiary of the Borrower or is merged into or consolidated with the Borrower or any of its Restricted Subsidiaries ( provided that such income (or deficit) may be included in pro forma calculations as otherwise provided in this Agreement), (b) the income (or deficit) of any Person (other than a Restricted Subsidiary of the Borrower) in which the Borrower or any of its Restricted Subsidiaries has an ownership interest, except to the extent that any such income is actually received by the Borrower or such Restricted Subsidiary in the form of dividends or similar distributions and (c) solely for purposes of calculating the Cumulative Consolidated Net Income, the undistributed earnings of any Restricted Subsidiary of the Borrower to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary is not at the time permitted by the terms of any Contractual Obligation (other than under any Loan Document) or Requirement of Law applicable to such Restricted Subsidiary. 16 “ Consolidated Tangible Assets ” shall mean, with respect to any Person, the consolidated assets of such Person and its Restricted Subsidiaries as determined in accordance with GAAP (and if applicable as appearing within the Required Financial Information) minus goodwill and other amortizable intangible assets. “ Constitutive Documents ” shall mean, with respect to any Person, the certificate of incorporation or registration (including, if applicable, certificate of change of name), articles of incorporation or association, memorandum of association, charter, bylaws, certificate of limited partnership, partnership agreement, trust agreement, joint venture agreement, certificate of formation, articles of organization, limited liability company operating or members agreement, joint venture agreement or one or more similar agreements, instruments or documents constituting the organizational or governing documents of such Person. “ Contingent Obligation ” shall mean, with respect to any Person, any obligation or arrangement of such Person to guarantee or intended to guarantee any Debt, (“ primary obligations ”) of any other Person (the “ primary obligor ”) in any manner, whether directly or indirectly, including, without limitation, (a) the direct or indirect guarantee, endorsement (other than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of the primary obligations of a primary obligor, (b) the obligation to make take-or-pay or similar payments, if required, regardless of non-performance by any other party or parties to an agreement or (c) any obligation of such Person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (A) for the purchase or payment of any such primary obligation or (B) to maintain working capital, equity capital, net worth or other balance sheet condition or any income statement condition of the primary obligor or otherwise to maintain the solvency of the primary obligor, (iii) to purchase, lease or otherwise acquire property, assets, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Contingent Obligation is made (or, if less, the maximum amount of such primary obligation for which such Person may be liable pursuant to the terms of the agreement, instrument or other document evidencing such Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder), as determined by such Person in good faith. “ Continuing Tranche B-2 Term Lender ” has the meaning assigned thereto in the Seventh Amendment. “ Contractual Obligation ” shall mean, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. “ Control ” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “ Controlling ” and “ Controlled ” shall have meanings correlative thereto. 17 “ Controlled Foreign Subsidiary ” means any Subsidiary of the Borrower that is a “controlled foreign corporation” within the meaning of Section 957 of the Code. “ Conversion ” has the meaning assigned thereto in the Seventh Amendment. “ Credit Agreement Refinancing Debt ” shall mean (a) Permitted First Priority Refinancing Debt, (b) Permitted Second Priority Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) other Debt incurred pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Debt) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans, existing Revolving A-2 Loans (or unused Revolving A-2 Commitments), or any then-existing Credit Agreement Refinancing Debt (collectively, “ Refinanced Debt ”); provided that (i) such Debt has a maturity no earlier than, and a Weighted Average Life to Maturity equal to or greater than, the Refinanced Debt, (ii) such Debt shall not have a greater principal amount than the principal amount of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Debt (except as otherwise provided in clause (ii) above and with respect to pricing, premiums and optional prepayment or redemption terms) are substantially identical to, or (taken as a whole) are not more materially favorable, taken as a whole, to the lenders or holders providing such Debt in the good faith determination of the Borrower than, those applicable to the Refinanced Debt being refinanced (except (i) for covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Debt or (ii) to the extent such materially more favorable terms, taken as a whole, in the good faith determination of the Borrower, are incorporated into this Agreement and the other Loan Documents for the benefit of all Lenders), (iv) such Debt is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors, (v) such Debt does not have scheduled amortization payments of principal or payments of principal and is not subject to mandatory redemption, repurchase, prepayment, sinking fund obligations or prepayments at the option of the holders thereof (except customary asset sale or change of control provisions that provide for the prior repayment in full of the Loans and all other Obligations), in each case prior to the Latest Maturity Date at the time such Debt is incurred, (vi) to the extent secured, the security agreements relating to such Debt are substantially the same as or more favorable to the Loan Parties than the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent) and (vii) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement Refinancing Debt is issued, incurred or obtained. “ Credit Extension ” shall mean, as the context may require, (i) the making of a Loan by a Lender or (ii) the issuance of any Letter of Credit, or the amendment, extension or renewal of any existing Letter of Credit, by the Issuing Lender. “ Credit Party ” shall mean the Administrative Agent, the Issuing Lender, the Swingline Lender or any other Lender. “ Cumulative Consolidated Net Income ” shall mean, as of any date, 50% of the cumulative Consolidated Net Income (or, if such Cumulative Consolidated Net Income shall be a loss, 100% of such loss) of the Restricted Companies since the fiscal quarter ending June 30, 2017 to the end of the last fiscal period (taken as one accounting period) for which financial statements have been provided to the Lenders pursuant to Section 6.1(b) or (c) prior to such date. 18 “ Currencies ” means Dollars and each other Alternative Currency, and “ Currency ” means any of such Currencies. “ Daily Simple RFR ” means, for any day (an “ RFR Rate Day ”), a rate per annum equal to, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to Sterling, the greater of (i) SONIA for the day (such day, a “ Sterling RFR Determination Day ”) that is five (5) Business Days prior to (A) if such RFR Rate Day is a Business Day, such RFR Rate Day or (B) if such RFR Rate Day is not a Business Day, the Business Day immediately preceding such RFR Rate Day, in each case, as such SONIA is published by the SONIA Administrator on the SONIA Administrator’s Website; provided that if by 5:00 p.m. (London time) on the second (2 nd ) Business Day immediately following any Sterling RFR Determination Day, SONIA in respect of such Sterling RFR Determination Day has not been published on the SONIA Administrator’s Website and a Benchmark Replacement Date with respect to the Daily Simple RFR for Sterling has not occurred, then SONIA for such Sterling RFR Determination Day will be SONIA as published in respect of the first preceding Business Day for which such SONIA was published on the SONIA Administrator’s Website; provided further that SONIA as determined pursuant to this proviso shall be utilized for purposes of calculation of Daily Simple RFR for no more than three (3) consecutive RFR Rate Days and (ii) 0.00% per annum. “ Daily Simple RFR Loan ” means, with respect to Revolving A-2 Loans, any Loan that bears interest at a rate based on Daily Simple RFR. “ Daily Simple SOFR ” means, for any day (a “ SOFR Rate Day ”), a rate per annum equal to SOFR for the day (such day, a “ SOFR Determination Day ”) that is five (5) Business Days prior to (i) if such SOFR Rate Day is a Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a Business Day, the Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website. If by 5:00 p.m. on the second (2nd) Business Day immediately following any SOFR Determination Day, SOFR in respect of such SOFR Determination Day has not been published on the SOFR Administrator’s Website and a Benchmark Replacement Date with respect to the Daily Simple SOFR has not occurred, then SOFR for such SOFR Determination Day will be SOFR as published in respect of the first preceding Business Day for which such SOFR was published on the SOFR Administrator’s Website; provided that any SOFR determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple SOFR for no more than three (3) consecutive SOFR Rate Days. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower; provided , further , that if Daily Simple SOFR as so determined shall ever be less than 0.00% per annum, then Daily Simple SOFR shall be deemed to be 0.00% per annum. “ Debt ” shall mean, with respect to any Person (without duplication), (a) all indebtedness of such Person for borrowed money, (b) all Obligations of such Person for the deferred purchase price of property or services (other than current trade payables or other accrued liabilities incurred in the ordinary course of such Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, or upon which interest payments are customarily made, (d) all obligations of such Person created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all Attributable Indebtedness of such Person, (f) all obligations, contingent or otherwise, of such Person under acceptance, letter of credit or similar facilities (excluding reimbursement obligations thereunder to the extent issued in relation to trade payables and that are discharged within 30 days after they become due), (g) the amount of 19 all obligations of such Person with respect to the redemption, repayment or other repurchase of any Redeemable Preferred Interest, valued at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends, (h) for purposes of Section 7.2 and 8.1(f) only, all net obligations of such Person in respect of Swap Agreements, take-or-pay agreements or other similar arrangements, (i) all obligations of such Person under any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing if the transaction giving rise to such obligation is considered indebtedness for borrowed money for tax purposes but is classified as an operating lease in accordance with GAAP, (j) all Contingent Obligations of such Person, and (k) all indebtedness and other payment obligations referred to in clauses (a) through (i) above of another Person secured by (or for which the holder of such indebtedness or other payment obligations has an existing right, contingent or otherwise, to be secured by) any Lien on property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness or other payment obligations; provided that for the purposes of this subclause (k) the amount thereof shall be equal to the lesser of (i) the amount of such indebtedness or other payment obligations and (ii) the fair market value of the property subject to such Lien; and provided further that, for the avoidance of doubt and without any implication to the contrary, Non-Financing Lease Obligations shall not constitute Debt for purposes of this Agreement. The Debt of any Person shall include the Debt of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Debt expressly provide that such Person is not liable therefor. To the extent not otherwise included, Debt shall include the amount of any Permitted Receivables Financing. For the avoidance of doubt, and without any implication to the contrary, no Intercompany Receivables or any transactions giving rise thereto shall constitute Debt. “ Default ” shall mean any Event of Default, whether or not any requirement for the giving of notice, the lapse of time, or both, has been satisfied. “ Defaulting Lender ” shall mean any Lender that (a) has failed, within two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, or, in the case of clause (iii) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith dispute concerning the amount of costs and expenses claimed by the Administrative Agent to be reimbursed pursuant to Section 11.5(c) , (b) has notified the Borrower or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans under this Agreement; provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent; or (d) has, or has a direct 20 or indirect parent company that has, in any such case (i) become the subject of a Bankruptcy Event, or (ii) become the subject of a Bail-In Action. “ Denver Headquarters ” shall mean that certain Real Property owned by the Borrower and located at 2000 16 th Street, Denver, Colorado. “ Denver Headquarters II ” shall mean that certain Real Property owned by the Borrower and located at 2001 16 th Street, Denver, Colorado. “ Designated Non-Cash Consideration ” shall mean the fair market value of non-cash consideration as determined by the Borrower in good faith received by the Borrower or any of its Restricted Subsidiaries in connection with a lease, sale, transfer or other disposition of any assets pursuant to Section 7.5(f) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the Borrower, setting forth the basis of such valuation. “ Designated Prepayment Amount ” shall have the meaning given to such term in Section 2.11(e) . “ Dialysis Facilities ” shall have the meaning given to such term in Section 4.17(a) . “ Disposition ” shall mean, with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other disposition thereof. The terms “ Dispose ” and “ Disposed of ” shall have correlative meanings. “ Disqualified Lenders ” shall mean those Persons who are competitors of the Borrower and who are identified in writing to the Administrative Agent for further distribution to the Lenders; provided that, with respect to any competitor identified in writing to the Administrative Agent (by email to JPMDQ_Contact@jpmorgan.com) after the Closing Date, if the Required Lenders instruct the Administrative Agent to object to such competitor within 60 days after receipt of such identification by the Borrower, such competitor shall not be a “Disqualified Lender” hereunder; provided , further , that any additional designation permitted by the foregoing shall not apply retroactively to any (i) pending assignment or participation to any pending lender or pending participant or (ii) prior assignment or participation to any Lender or Participant that was permitted under the terms of this Agreement at the time of such assignment or participation. “ Division ” shall have the meaning given to such term in Section 1.10 . “ DMG Sale ” shall mean the sale of the Capital Stock of DaVita Medical Holdings, LLC, certain other Subsidiaries and affiliates of the Borrower and other transactions pursuant to that certain Equity Purchase Agreement dated as of December 5, 2017, as amended by that certain First Amendment to the Equity Purchase Agreement, dated as of September 20, 2018 and that certain Second Amendment to the Equity Purchase Agreement, dated as of December 11, 2018, by and among the Borrower Collaborative Care Holdings, LLC, and solely with respect to Section 9.13 and Section 9.18 thereof, UnitedHealth Group Incorporated. “ Documentation Agents ” shall have the meaning given to such term in the preamble hereto. 21 “ Dollar Equivalent ” shall mean, subject to Section 1.6, for any amount, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount, and (b) if such amount is expressed in an Alternative Currency (other than Dollars), the equivalent of such amount in Dollars as determined by the Administrative Agent at such time in its sole discretion by reference to the most recent Spot Rate for such Alternative Currency (as determined as of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. “ Dollars ” and “ $ ” shall mean lawful currency of the United States. “ Dollar LC Obligations ” shall mean, at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of the then outstanding Dollar Letters of Credit and (b) the aggregate amount of all LC Disbursements in respect of Dollar Letters of Credit that have not then been reimbursed pursuant to Section 3.5 . The Dollar LC Obligations of any Dollar Revolving A-2 Lender at any time shall be its Dollar Revolving Percentage of the total Dollar LC Obligations at such time. “ Dollar Letter of Credit ” shall mean each Letter of Credit issued under the Dollar Revolving Facility. “ Dollar Revolving A-2 Commitment ” shall mean, as to any Lender, the obligation of such Lender, if any, to make Dollar Revolving Loans and to participate in Dollar Letters of Credit hereunder in an aggregate principal and/or face amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 to the Eighth Amendment, in an Increase Joinder or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. “ Dollar Revolving A-2 Lender ” shall mean each Lender that has a Dollar Revolving A-2 Commitment or holds Dollar Revolving Loans. “ Dollar Revolving Extensions of Credit ” shall mean, as to any Dollar Revolving A-2 Lender at any time, an amount equal to the sum of (a) aggregate principal amount of all Dollar Revolving Loans held by such Lender then outstanding and (b) such Lender’s Dollar Revolving Percentage of the LC Obligations then outstanding. “ Dollar Revolving Facility ” shall mean the Dollar Revolving A-2 Commitments and the Dollar Revolving Loans made thereunder. “ Dollar Revolving Loans ” shall have the meaning given to such term in Section 2.4(a) . “ Dollar Revolving Percentage ” shall mean, as to any Dollar Revolving A-2 Lender at any time, the percentage which such Lender’s Dollar Revolving A-2 Commitment then constitutes of the Total Dollar Revolving A-2 Commitments or, at any time after the Dollar Revolving A-2 Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Dollar Revolving Loans then outstanding constitutes of the aggregate principal amount of the Dollar Revolving Loans then outstanding; provided that, in the event that the Dollar Revolving Loans are paid in full prior to the reduction to zero of the Total Dollar Revolving Extensions of Credit, the Dollar Revolving Percentages shall be the Dollar Revolving Percentages in effect immediately prior to such payment in full. 22 “ Domestic Person ” shall mean a Person that is organized under the laws of, or whose property is located in, a jurisdiction within the United States. “ Domestic Subsidiary ” shall mean any Subsidiary of the Borrower organized under the laws of any jurisdiction within the United States. “ Domestic Wholly Owned Subsidiary ” shall mean any Domestic Subsidiary of the Borrower all of the Capital Stock of which (other than directors’ qualifying shares required by law) is owned by Borrower directly and/or through other Domestic Wholly Owned Subsidiaries. “ EEA Financial Institution ” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a Subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. “ EEA Member Country ” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. “ EEA Resolution Authority ” means any public administrative authority or any Person entrusted with public administrative authority of… |