Search companies, layoffs, filings, signals, and visa data
Search companies, layoffs, filings, signals, and visa data
Search companies, layoffs, filings, signals, and visa data
Search companies, layoffs, filings, signals, and visa data
Current report (Form 8-K) · Jun 4, 2026 · Multiple disclosures including restructuring or layoffs and leadership change
EX-10.1
ea029337901ex10-1.htm
| Document text |
|---|
EX-10.1 · SECOND AMENDMENT AND RESTATEMENT AGREEMENT, DATED AS OF JUNE 4, 2026, AMONG RESI EX-10.1 2 ea029337901ex10-1.htm SECOND AMENDMENT AND RESTATEMENT AGREEMENT, DATED AS OF JUNE 4, 2026, AMONG RESIDEO TECHNOLOGIES, INC., A DELAWARE CORPORATION, RESIDEO HOLDING INC Exhibit 10.1 Execution Version SECOND AMENDMENT AND RESTATEMENT AGREEMENT , dated as of June 4, 2026 (this “ Second Amendment and Restatement Agreement ”), to the Amended and Restated Credit Agreement dated as of February 12, 2021 (as amended by that certain First Amendment to Amended and Restated Credit Agreement dated as of March 28, 2022, as amended by that certain Second Amendment to Amended and Restated Credit Agreement, dated as of June 30, 2023, as amended by that certain Third Amendment to Amended and Restated Credit Agreement dated as of May 24, 2024, as amended by that certain Fourth Amendment to Amended and Restated Credit Agreement dated as of June 14, 2024, as amended by that certain Fifth Amendment to Amended and Restated Credit Agreement dated as of December 16, 2024, as amended by that certain Sixth Amendment to Amended and Restated Credit Agreement, dated as of August 13, 2025, and as further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “ Existing Credit Agreement ”) among RESIDEO TECHNOLOGIES, INC., a Delaware corporation (“ Holdings ”), RESIDEO HOLDING INC., a Delaware corporation (“ U.S. HoldCo 1 ”), RESIDEO INTERMEDIATE HOLDING INC., a Delaware corporation (“ U.S. HoldCo 2 ”), RESIDEO FUNDING INC., a Delaware corporation (the “ Borrower ”), the financial institutions party thereto as Lenders and Issuing Banks and JPMORGAN CHASE BANK, N.A., as Administrative Agent. WHEREAS , the Borrower has requested to amend and restate the Existing Credit Agreement, to be effective on the Second Amendment and Restatement Effective Date but prior to the effectiveness of the Non-Refinancing Amendments (as defined below), subject to the conditions set forth herein and in the Amended Credit Agreement (as defined below), and in connection therewith: (A) the Borrower has decided to repay in full any Revolving Loans (as defined in the Existing Credit Agreement) and to terminate any outstanding Revolving Commitments (as defined in the Existing Credit Agreement) (the “ Refinancing ”); (B) each of the financial institutions executing this Second Amendment and Restatement Agreement as Revolving Lenders have (i) agreed to the terms of this Second Amendment and Restatement Agreement, (ii) agreed to become Lenders under the Amended Credit Agreement and to provide Revolving Commitments (as defined in the Amended Credit Agreement) in the amounts set forth on Schedule 2.01 hereto opposite such Lender’s name and (iii) consented to the Refinancing Amendments (as defined below); and (C) each of the financial institutions executing this Amendment and Restatement Agreement as Issuing Banks have (i) agreed to the terms of this Second Amendment and Restatement Agreement, (ii) agreed to become Issuing Banks and to issue Letters of Credit in the amounts set forth in the Amended Credit Agreement with respect to such Issuing Bank and (iii) consented to the Refinancing Amendments; WHEREAS , Holdings intends to separate its ADI global distribution business from its products and solutions business on or around August 3, 2026, which separation is intended to be completed through a pro rata distribution of all of the outstanding shares of common stock of ADI Global Distribution Inc., a wholly-owned subsidiary of the Holdings, to Holdings’ common stockholders (the “ ADI Spin-Off Transaction ”); WHEREAS , in order to, among other things, permit and facilitate the ADI Spin-Off Transaction and transactions relating thereto, the Borrower has requested to further amend and restate the Existing Credit Agreement, to be effective on the Second Amendment and Restatement Effective Date but after the effectiveness of the Refinancing Amendments, subject to the conditions set forth herein and in the Amended Credit Agreement, and in connection therewith, each Lender (as defined in the Amended Credit Agreement) existing immediately after giving effect to the Refinancing Amendments but prior to the Non-Refinancing Amendments that executes and delivers a signature page to this Second Amendment and Restatement Agreement as Revolving Lenders, as Issuing Banks or in the form of Annex A hereto (a “ Lender Addendum ” and, such Lenders, the “ Consenting Lenders ”), which Consenting Lenders, for the avoidance of doubt, constitute Required Lenders, in each case, on the Second Amendment and Restatement Effective Date but immediately after the effectiveness of the Refinancing Amendments, will hereby (i) agree to the terms of this Second Amendment and Restatement Agreement and (ii) consent to the Non-Refinancing Amendments; WHEREAS , attached as Annex B hereto is the Existing Credit Agreement as proposed to be amended and restated in its entirety pursuant to this Second Amendment and Restatement Agreement by deleting the stricken text (indicated textually in the same manner as the following example: stricken text ) and adding the double-underlined text (indicated textually in the same manner as the following example: double-underlined text ) as set forth therein (such modifications, collectively, the “ Second A&R Amendments ”, and such conformed copy of the Credit Agreement, upon effectiveness of the Refinancing Amendments, the Non-Refinancing Amendments or the Second Amendment and Restatement Effective Date, as applicable, the “ Amended Credit Agreement ”); WHEREAS , in order to facilitate the Non-Refinancing Amendments, the Borrower has also requested to make amendments to certain other Loan Documents, to be effective on the Second Amendment and Restatement Effective Date concurrently with the effectiveness of the Non-Refinancing Amendments, on and subject to the terms and conditions set forth herein, and in connection therewith, each Consenting Lender will hereby (i) agree to the terms of this Second Amendment and Restatement Agreement and (ii) consent to the Loan Document amendments set forth in Section 3 below; WHEREAS , in order to facilitate the ADI Spin-Off Transaction and transactions relating thereto, the Borrower has also requested to release the Guarantees provided by the ADI Spin-Off Entities under the Security Documents and release the Collateral owned by such ADI Spin-Off Entities from the Liens of the Security Documents, to be effective on the Second Amendment and Restatement Effective Date concurrently with the effectiveness of the Non-Refinancing Amendments, on and subject to the terms and conditions set forth herein, and in connection therewith, each Consenting Lender will hereby (i) agree to the terms of this Second Amendment and Restatement Agreement and (ii) consent to the ADI Spin-Off Entities Release (as defined below); WHEREAS , certain of the ADI Spin-Off Entities will enter into a credit facility in connection with the ADI Spin-Off Transaction, the proceeds of which will be used, together with cash on hand of Holdings and its Subsidiaries and the proceeds from notes to be issued to effect the ADI Spin-Off Prepayment in an amount expected to be not less than $900,000,000 (the “ ADI Spin-Off Distribution ”), with any remaining proceeds to be retained by the ADI Spin-Off Entities; and WHEREAS , it is contemplated that the Borrower will merge with and into Resideo Funding II, LLC, a Delaware limited liability company (the “ New Borrower ”), with the New Borrower as surviving entity (the “ Co-Borrower Merger ”) and carrying on as the sole “Borrower” under the Amended Credit Agreement following such Co-Borrower Merger. 2 NOW , THEREFORE , in order to effect the foregoing, the Borrower and the other parties hereto desire to, as of the Second Amendment and Restatement Effective Date, amend and restate the Existing Credit Agreement and to enter into certain other agreements herein, in each case subject to the terms and conditions set forth herein. In consideration of the premises and agreements, provisions and covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: SECTION 1. Defined Terms. Capitalized terms used and not otherwise defined herein have the meanings assigned to them in the Amended Credit Agreement. SECTION 2. Credit Agreement Amendments. (a) Effective as of the Second Amendment and Restatement Effective Date but prior to the effectiveness of the Non-Refinancing Amendments, the Existing Credit Agreement is hereby amended to give effect to the Second A&R Amendments set forth in (i) the definitions of “Applicable Rate”, “Revolving Commitment” and “Revolving Maturity Date” in Section 1.01 of the Amended Credit Agreement, (ii) Section 6.12 of the Amended Credit Agreement and (iii) Section 6.13 of the Amended Credit Agreement (collectively, the “ Refinancing Amendments ”, and the Second A&R Amendments, other than the Refinancing Amendments, the “ Non-Refinancing Amendments ”) (it being agreed by the Revolving Lenders and Issuing Banks party hereto that any defined terms used in connection with the Refinancing Amendments shall have the meanings assigned to them in the Amended Credit Agreement). (b) Effective as of the Second Amendment and Restatement Effective Date but after the effectiveness of the Refinancing Amendments, the Existing Credit Agreement is hereby amended to give effect to the Non-Refinancing Amendments and, consequently, the Amended Credit Agreement amends and restates the Existing Credit Agreement in its entirety. (c) Effective as of the Second Amendment and Restatement Effective Date and concurrently with the effectiveness of the Non-Refinancing Amendments, each Schedule to the Existing Credit Agreement is hereby deleted and replaced with those Schedules to the Amended Credit Agreement attached as Annex C hereto. SECTION 3. Amendments to Other Loan Documents. Effective as of the Second Amendment and Restatement Effective Date and concurrently with the effectiveness of the Non-Refinancing Amendments: a) Section 3.02(a) of the Amended and Restated Collateral Agreement (as defined in the Existing Credit Agreement) is hereby amended by adding “representing Pledged Equity Interests” after each instance of “Pledged Securities” contained therein. b) The definition of “Paid in Full” in the Amended and Restated Collateral Agreement is hereby amended and restated in its entirety as follows: “ Paid in Full ” and “ Payment in Full ” shall mean (a) payment in full in cash of all of the Secured Obligations (other than (i) Secured Hedging Obligations not yet due and payable, (ii) Secured Cash Management Obligations not yet due and payable, (iii) Secured Supply Chain Financing Obligations not yet due and payable, (iv) Secured Additional Letter of Credit Facility Obligations not yet due and payable and (v) contingent indemnification obligations not yet accrued and payable) and (b) with respect to Letters of Credit, when all Letters of Credit have expired or been terminated (other than Letters of Credit that have been cash collateralized or backstopped in an amount, by an institution and otherwise pursuant to arrangements reasonably satisfactory to the applicable Issuing Bank). 3 c) Each Schedule to the Amended and Restated Collateral Agreement is hereby deleted and replaced with those Schedules to the Amended and Restated Collateral Agreement attached as Annex D hereto. SECTION 4. ADI Spin-Off Entities Release. Effective as of the Second Amendment and Restatement Effective Date and concurrently with the effectiveness of the Non-Refinancing Amendments, notwithstanding anything set forth in the Loan Documents: (a) subject to clause (c) below, each ADI Spin-Off Entity shall automatically be released from its obligations under the Loan Documents, and all security interests created by the Security Documents in Collateral owned by such ADI Spin-Off Entity shall be automatically released, in each case, on the effective date of the ADI Spin-Off Transaction (which releases may, for the avoidance of doubt, occur prior to (but on the same date as) the effectiveness of the ADI Spin-Off Transaction) (the “ ADI Spin-Off Entities Release ”); (b) in connection with the ADI Spin-Off Entities Release, the Administrative Agent shall, at the sole expense of the Borrower, execute and deliver to any ADI Spin-Off Entity, at such ADI Spin-Off Entity’s expense, all documents that such ADI Spin-Off Entity shall reasonably request to file or register in any office, or to evidence, such ADI Spin-Off Entities Release. Each of the Consenting Lenders irrevocably authorizes the Administrative Agent, at its option and in its discretion, to effect the ADI Spin-Off Entities Release; and (c) the obligations of the ADI Spin-Off Entities under the Loan Documents shall continue to be effective or be reinstated, as the case may be, if the ADI Spin-Off Transaction does not occur or is otherwise determined to be invalid, illegal or unenforceable and the Administrative Agent is authorized to, at the sole expense of the Borrower, enter into such supplements to the Security Documents and make such filings and recordations, including Uniform Commercial Code financing statements required by law or specified in the Security Documents, to ensure the Collateral and Guarantee Requirement has been, or continues to be, satisfied with respect to the ADI Spin-Off Entities. SECTION 5. Representations and Warranties. To induce the other parties hereto to enter into this Second Amendment and Restatement Agreement, Holdings, U.S. HoldCo 1, U.S. HoldCo 2 and the Borrower each represents and warrants to the other parties hereto on the Second Amendment and Restatement Effective Date that: (a) (i) the execution, delivery and performance by such Loan Party of this Second Amendment and Restatement Agreement is within such Loan Party’s corporate or other organizational power and has been duly authorized by all necessary corporate or other organizational action of each such Loan Party; and (ii) this Second Amendment and Restatement Agreement has been duly executed and delivered by such Loan Party and is a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, 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; and (b) the execution, delivery and performance of this Second Amendment and Restatement Agreement by each applicable Loan Party, the issuance of Letters of Credit, the borrowings under the Amended Credit Agreement and the use of the proceeds thereof (i) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect and except where failure to obtain such consent or approval, or make such registration or filing, in the aggregate, would not reasonably be expected to have a Material Adverse Effect, (ii) will not violate any Requirement of Law applicable to Holdings, the Borrower or any Restricted Subsidiary, (iii) will not violate or result in a default under any indenture, agreement or other instrument binding upon Holdings, the Borrower or any Restricted Subsidiary or their respective assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made by Holdings, the Borrower or any Restricted Subsidiary or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation thereunder, except with respect to any violation, default, payment, repurchase, redemption, termination, cancellation or acceleration under this clause (iii) or clause (ii) above that would not reasonably be expected to have a Material Adverse Effect and (iv) will not result in the creation or imposition of any Lien on any asset of Holdings, the Borrower or any Restricted Subsidiary, except Liens permitted by Section 6.02 of the Amended Credit Agreement. 4 SECTION 6. Second Amendment and Restatement Effective Date. This Second Amendment and Restatement Agreement shall become effective as of the first date (the “ Second Amendment and Restatement Effective Date ”) on which each of the following conditions shall have been satisfied (or waived in accordance with Section 9.02 of the Existing Credit Agreement) : (a) the Administrative Agent shall have received this Second Amendment and Restatement Agreement, executed and delivered by the Administrative Agent, each Loan Party, each Revolving Lender and each Issuing Bank listed on Schedule 2.01 hereto and, other than with respect to effectiveness of the Refinancing Amendments, the Required Lenders (after giving effect to the Refinancing Amendments); (b) all fees and expenses required to be paid by (or on behalf of) the Borrower to the Administrative Agent or any arranger pursuant to any fee letter with the Borrower on or before the Second Amendment and Restatement Effective Date shall have been (or shall substantially contemporaneously be) paid in full in cash (and in the case of expenses, to the extent invoiced at least three Business Days prior to the Second Amendment and Restatement Effective Date or such shorter period agreed by the Borrower in its sole discretion); (c) the representations and warranties of each Loan Party set forth herein and in the Loan Documents shall be true and correct in all material respects on and as of the Second Amendment and Restatement Effective Date; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided , further , that any representation and warranty that is qualified by materiality or reference to Material Adverse Effect shall be true and correct in all respects, taking into account such materiality or reference to Material Adverse Effect, on the Second Amendment and Restatement Effective Date or on such earlier date, as the case may be; (d) at the time of and immediately after giving effect to this Second Amendment and Restatement Agreement, no Default or Event of Default shall have occurred and be continuing; (e) the Administrative Agent shall have received a certificate, dated the Second Amendment and Restatement Effective Date and signed by a Financial Officer or the President or a Vice President of the Borrower, confirming compliance with the conditions set forth in paragraphs (c) and (d) of this Section 6 ; (f) the Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders) of Willkie Farr & Gallagher LLP, special New York counsel for the Loan Parties (i) dated as of the Second Amendment and Restatement Effective Date and (ii) in form and substance reasonably satisfactory to the Administrative Agent; (g) the Administrative Agent shall have received a copy of (i) organizational document of each Loan Party certified, to the extent applicable, as of a recent date by the applicable Governmental Authority, (ii) signature and incumbency certificates of the responsible officers of each Loan Party executing the Loan Documents to which it is a party, (iii) copies of resolutions of the board of directors or managers, shareholders, partners, and/or similar governing bodies of each Loan Party approving and authorizing the execution, delivery and performance of Loan Documents to which it is a party, certified as of the Second Amendment and Restatement Effective Date by a secretary, an assistant secretary or a responsible officer of such Loan Party as being in full force and effect without modification or amendment and (iv) a good standing certificate (to the extent such concept, or an analogous concept, exists) from the applicable Governmental Authority of each Loan Party’s jurisdiction of incorporation, organization or formation; 5 (h) The Borrower shall have paid to the Administrative Agent, for the ratable distribution to each Consenting Lender with an outstanding Term Loan or Term Commitment immediately prior to the Second Amendment and Restatement Effective Date but after the effectiveness of the Refinancing Amendments who has executed and delivered to the Administrative Agent a Lender Addendum on or prior to 5:00 p.m. New York City time on May 29, 2026, a consent fee (the “ Consent Fee ”) equal to 0.10% of the aggregate principal amount of such Term Loans or Term Commitments held by such Consenting Lender immediately prior to the Second Amendment and Restatement Effective Date but after the effectiveness of the Refinancing Amendments, which Consent Fee will be in all respects fully earned, due and payable on, and subject to the occurrence of, the Second Amendment and Restatement Effective Date. (i) the Administrative Agent shall have received at least three Business Days prior to the Second Amendment and Restatement 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 USA PATRIOT Act, that has been requested at least ten days prior to the Second Amendment and Restatement Amendment Effective Date and (ii) to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation and a Lender has requested in a written notice to the Borrower at least 10 days prior to the Second Amendment and Restatement Effective Date a Beneficial Ownership Certification in relation to the Borrower, such Lender shall have received such Beneficial Ownership Certification with respect to the Borrower at least three Business Days prior to the Second Amendment and Restatement Effective Date (provided that, upon the execution and delivery by such Lender of its signature page to this Second Amendment and Restatement Agreement, the conditions set forth in this clause (i) shall be deemed to be satisfied); and (j) the Lenders shall have received a certificate from a Financial Officer of Holdings, substantially in the form of Exhibit L to the Existing Credit Agreement, certifying as to the solvency of Holdings and its Restricted Subsidiaries on a consolidated basis as of the Second Amendment and Restatement Effective Date. SECTION 7. Effect of Amendment. (a) Except as expressly set forth herein, this Second Amendment and Restatement Agreement shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Amended Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Amended Credit Agreement or any other provision of the Amended Credit Agreement or of any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Borrower 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 Amended Credit Agreement or any other Loan Document in similar or different circumstances, except as expressly set forth herein. (b) From and after the Second Amendment and Restatement Effective Date, (i) each reference in the Amended Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the “Credit Agreement” in any other Loan Document shall be deemed a reference to the Amended Credit Agreement and (ii) each reference in the Amended and Restated Collateral Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the “Amended and Restated Collateral Agreement” or the “Collateral Agreement” in any other Loan Document shall be deemed a reference to the Amended and Restated Collateral Agreement as amended by this Second Amendment and Restatement Agreement. (c) This Second Amendment and Restatement Agreement shall constitute a “Loan Document” for all purposes of the Amended Credit Agreement and the other Loan Documents. 6 SECTION 8. Expenses; Covenants. (a) The Borrower agrees to reimburse the Administrative Agent for its reasonable and documented out-of-pocket expenses incurred by it in connection with this Second Amendment and Restatement Agreement, including the reasonable and documented fees, charges and disbursements of Davis Polk & Wardwell LLP, counsel for the Administrative Agent. (b) The provisions of Section 9.03 (Expenses; Indemnity; Damage Waiver) of the Amended Credit Agreement are otherwise incorporated herein by reference, mutatis mutandis . (c) The Borrower agrees to use commercially reasonable efforts to deliver, (i) within ten (10) Business Days following the Second Amendment Effective Date (or such longer period as the Administrative Agent may reasonably agree to in writing), an updated Schedule III to the Collateral Agreement reflecting information regarding the applicable grantors as of the date of delivery of such Schedule; and (ii) within forty five (45) days following the effective date of the ADI Spin-Off Transaction, updated Schedules to the Amended Credit Agreement reflecting information regarding the Borrower and its Subsidiaries as of, at the option of the Borrower, the effective date of the ADI Spin-Off Transaction or the date of delivery of such Schedules. (d) The New Borrower (as “Borrower” under the Amended Credit Agreement) shall deliver, within forty five (45) days following the effective date of the Co-Borrower Merger (or such longer period as the Administrative Agent may agree to in writing (including electronic mail) (such approval or consent not to be unreasonably withheld, conditioned or delayed)), amended and restated Exhibits to the Amended Credit Agreement reflecting that the New Borrower is the sole “Borrower” under the Amended Credit Agreement. SECTION 9. Amendments; Severability. (a) Once effective, this Second Amendment and Restatement Agreement may not be amended nor may any provision hereof be waived except pursuant to Section 9.02 of the Credit Agreement. (b) If any provision of this Second Amendment and Restatement Agreement is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Second Amendment and Restatement Agreement shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. SECTION 10. Ratification and Reaffirmation. Each Loan Party party hereto hereby ratifies and reaffirms: (a) its Loan Document Obligations in respect of the Amended Credit Agreement and each of the other Loan Documents to which it is a party and all of the covenants, duties, indebtedness and liabilities under the Amended Credit Agreement and the other Loan Documents to which it is a party, (b) its prior grant and the validity of the Liens granted by it pursuant to the Security Documents, with all such Liens continuing in full force and effect after giving effect to this Second Amendment and Restatement Agreement and (c) the Liens and security interests created in favor of the Administrative Agent for the benefit of the Secured Parties pursuant to each Security Document; which Liens shall continue to secure the Obligations, in each case, on and subject to the terms and conditions set forth in the Amended Credit Agreement and the other Loan Documents. SECTION 11. GOVERNING LAW; Waiver of Jury Trial; Jurisdiction. THIS SECOND AMENDMENT AND RESTATEMENT AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. The provisions of Sections 9.09 and 9.10 of the Amended Credit Agreement are incorporated herein by reference, mutatis mutandis . 7 SECTION 12. Headings. Section headings herein are included for convenience of reference only and shall not affect the interpretation of this Second Amendment and Restatement Agreement. SECTION 13. Counterparts. This Second Amendment and Restatement Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic imaging means of an executed counterpart of a signature page to this Second Amendment and Restatement Agreement shall be effective as delivery of an original executed counterpart of this Second Amendment and Restatement Agreement. Delivery of an executed counterpart of a signature page of this Second Amendment and Restatement Agreement that is an electronic signature transmitted by telecopy, emailed pdf or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Second Amendment and Restatement Agreement. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Second Amendment and Restatement Agreement shall be deemed to include electronic signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, provided that nothing herein shall require the Administrative Agent to accept electronic signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any electronic signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such electronic signature purportedly given by or on behalf of, Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower or any other Loan Party without further verification thereof and without any obligation to review the appearance or form of any such electronic signature and (ii) upon the request of the Administrative Agent or any Lender, any electronic signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower and each Loan Party party hereto hereby (i) agrees that, for all purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower and the Loan Parties, electronic signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Second Amendment and Restatement Agreement shall have the same legal effect, validity and enforceability as any paper original, (ii) the Administrative Agent and each of the Lenders may, at its option, create one or more copies of this Second Amendment and Restatement Agreement in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Second Amendment and Restatement Agreement based solely on the lack of paper original copies of this Second Amendment and Restatement Agreement, respectively, including with respect to any signature pages thereto and (iv) waives any claim against any Lender-Related Person for any losses, claims, damages and liabilities arising solely from the Administrative Agent’s and/or any Lender’s reliance on or use of electronic signatures and/or transmissions by telecopy, emailed pdf or any other electronic means that reproduces an image of an actual executed signature page, including any such losses, claims, damages and liabilities arising as a result of the failure of Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower and/or any Loan Party to use any available security measures in connection with the execution, delivery or transmission of any electronic signature. SECTION 14. No Novation. Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding under the Existing Credit Agreement or instruments securing the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith and except to the extent repaid as provided herein. Nothing implied in this Second Amendment and Restatement Agreement or in any other document contemplated hereby shall discharge or release the Lien or priority of any Security Document or any other security therefor or otherwise be construed as a release or other discharge of any of the Loan Parties under any Loan Document (including, for the avoidance of doubt, all Obligations under the Amended Credit Agreement) from any of its obligations and liabilities as a borrower, guarantor or pledgor under any of the Loan Documents (including, for the avoidance of doubt, all Obligations under the Amended Credit Agreement), except, in each case, to any extent modified hereby and except to the extent repaid as provided herein. [ Remainder of page intentionally left blank ] 8 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. RESIDEO TECHNOLOGIES, INC. , as Holdings By: /s/ Ian Schlegel Name: Ian Schlegel Title: Treasurer RESIDEO HOLDING INC. , as U.S. HoldCo 1 By: /s/ Ian Schlegel Name: Ian Schlegel Title: Treasurer RESIDEO INTERMEDIATE HOLDING INC. , as US HoldCo 2 By: /s/ Ian Schlegel Name: Ian Schlegel Title: Treasurer ADI GLOBAL DISTRIBUTION LLC ALARMNET, INC. BRK BRANDS, LLC SUNBRITE HOLDING CORPORATION SUNBRITETV LLC SNAP ONE, LLC RESIDEO OVERSEAS, LLC RESIDEO USA LLC By: /s/ Ian Schlegel Name: Ian Schlegel Title: Treasurer [Signature Page to Second Amendment and Restatement Agreement] RESIDEO FUNDING INC. By: /s/ Ian Schlegel Name: Ian Schlegel Title: Treasurer [Signature Page to Second Amendment and Restatement Agreement] SNAP ONE HOLDINGS CORP. By: /s/ Jeannine Lane Name: Jeannine Lane Title: President and Secretary By: /s/ Ian Schlegel Name: Ian Schlegel Title: Treasurer [Signature Page to Second Amendment and Restatement Agreement] JPMORGAN CHASE BANK, N.A. , as Administrative Agent and as a Lender By: /s/ Alain Moran Name: Alain Moran Title: Vice President [Signature Page to Second Amendment and Restatement Agreement] BANK OF AMERICA, N.A. , as Revolving Lender and Issuing Bank By: /s/ Kevin O’Sullivan Name: Kevin O’Sullivan Title: Vice President [Signature Page to Second Amendment and Restatement Agreement] WELLS FARGO BANK, NATIONAL ASSOCIATION, as Revolving Lender and Issuing Bank By: /s/ John Hancey Name: John Hancey Title: Managing Director [Signature Page to Second Amendment and Restatement Agreement] BNP PARIBAS, as Revolving Lender and Issuing Bank By: /s/ Michael Lefkowitz Name: Michael Lefkowitz Title: Director By: /s/ Matthew Beauvais Name: Matthew Beauvais Title: Director [Signature Page to Second Amendment and Restatement Agreement] PNC BANK, NATIONAL ASSOCIATION, as Revolving Lender and Issuing Bank By: /s/ Michael Cuccia Name: Michael Cuccia Title: Senior Vice President [Signature Page to Second Amendment and Restatement Agreement] TRUIST BANK, as Revolving Lender and Issuing Bank By: /s/ David Miller Name: David Miller Title: Director [Signature Page to Second Amendment and Restatement Agreement] U.S. BANK NATIONAL ASSOCIATION, as Revolving Lender and Issuing Bank By: /s/ James Austin Name: James Austin Title: Senior Vice President [Signature Page to Second Amendment and Restatement Agreement] ROYAL BANK OF CANADA, as Revolving Lender and Issuing Bank By: /s/ Richard Donnelly Name: Richard Donnelly Title: Director, Corporate Client Group – Finance [Signature Page to Second Amendment and Restatement Agreement] CITIZENS BANK, N.A., as Revolving Lender and Issuing Bank By: /s/ William J. O’Meara Name: William J. O’Meara Title: Director [Signature Page to Second Amendment and Restatement Agreement] CITIBANK, N.A., as a Lender By: /s/ Hans Lin Name: Hans Lin Title: Director [Signature Page to Second Amendment and Restatement Agreement] HSBC BANK USA, N.A., as Revolving Lender By: /s/ Andrew Laughlin Name: Andrew Laughlin Title: Director [Signature Page to Second Amendment and Restatement Agreement] KEYBANC CAPITAL MARKETS, INC., as Revolving Lender By: /s/ Sean P. Maclver Name: Sean P. Maclver Title: Managing Director By: /s/ Sean P. Maclver Name: Sean P. Maclver Title: Managing Director [Signature Page to Second Amendment and Restatement Agreement] THE BANK OF NOVA SCOTIA, as Revolving Lender By: /s/ Adnan Osman Name: Adnan Osman Title: Director [Signature Page to Second Amendment and Restatement Agreement] BANCO BILBAO VIZCAYA ARGENTINA, S.A. NEW YORK BRANCH, as Revolving Lender By: /s/ Brian Crowley Name: Brian Crowley Title: Managing Director By: /s/ Armen Semizian Name: Armen Semizian Title: Managing Director [Signature Page to Second Amendment and Restatement Agreement] THE HUNTINGTON NATIONAL BANK, as Revolving Lender By: /s/ Scott Pritchett Name: Scott Pritchett Title: Vice President [Signature Page to Second Amendment and Restatement Agreement] CIBC BANK USA, as Revolving Lender By: /s/ James Belletire Name: James Belletire Title: Managing Director [Signature Page to Second Amendment and Restatement Agreement] Schedule 2.01 ANNEX A LENDER ADDENDUM TO SECOND AMENDMENT AND RESTATEMENT AGREEMENT This Lender Addendum (this “ Lender Addendum ”) is referred to in, and is a signature page to, the Second Amendment and Restatement, dated as of June 4, 2026 (the “ Second Amendment and Restatement Agreement ”), to the Amended and Restated Credit Agreement dated as of February 12, 2021 (as amended by that certain First Amendment to Amended and Restated Credit Agreement dated as of March 28, 2022, as amended by that certain Second Amendment to Amended and Restated Credit Agreement, dated as of June 30, 2023, as amended by that certain Third Amendment to Amended and Restated Credit Agreement dated as of May 24, 2024, as amended by that certain Fourth Amendment to Amended and Restated Credit Agreement dated as of June 14, 2024, as amended by that certain Fifth Amendment to Amended and Restated Credit Agreement dated as of December 16, 2024, as amended by that certain Sixth Amendment to Amended and Restated Credit Agreement, dated as of August 13, 2025, and as further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof) among RESIDEO TECHNOLOGIES, INC., a Delaware corporation, RESIDEO HOLDING INC., a Delaware corporation, RESIDEO INTERMEDIATE HOLDING INC., a Delaware corporation, RESIDEO FUNDING INC., a Delaware corporation, the financial institutions party thereto as Lenders and Issuing Banks and JPMORGAN CHASE BANK, N.A., as Administrative Agent. Capitalized terms used but not defined in this Lender Addendum have the meanings assigned to such terms in the Second Amendment and Restatement Agreement. By executing this Lender Addendum as a Lender, the undersigned institution agrees to the terms of the Second Amendment and Restatement Agreement, the Amended Credit Agreement and the other Loan Documents as amended by the Second Amendment and Restatement Agreement. [NAME OF INSTITUTION] By: Name: Title: If a second signature is necessary: By: Name: Title: A- 1 ANNEX B AMENDED CREDIT AGREEMENT [Attached] CUSIP (Initial Term Loans): 76090LAG9 CUSIP (Fourth Amendment Term Loans): 76090LAH7 CUSIP (Revolving Commitments): 76090LAJ3 CUSIP (Sixth Amendment Term Loans): 76090LAM6 CONFORMED COPY REFLECTING SECOND AMENDMENT AMENDMENT AND RESTATEMENT AGREEMENT DATED DATED AS OF FEBRUARY 12 JUNE 4 , 2021 2026 FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MARCH 28, 2022 SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JUNE 30, 2023 THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MAY 24, 2024 FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JUNE 14, 2024 FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF DECEMBER 16, 2024 SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF AUGUST 13, 2025 ADDED TEXT SHOWN UNDERSCORED DELETED TEXT SHOWN STRIKETHROUGH SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of February 12 June 4 , 2021 2026 , among RESIDEO TECHNOLOGIES, INC., as Holdings, RESIDEO HOLDING INC., as U.S. HoldCo 1, RESIDEO INTERMEDIATE HOLDING INC., as U.S. HoldCo 2, RESIDEO FUNDING INC., as Borrower, the Borrower prior to the Co-Borrower Merger, RESIDEO FUNDING II, LLC, as the Borrower from and after the Co-Borrower Merger, The Lenders and Issuing Banks Party Hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent JPMORGAN CHASE BANK N.A., BANK OF AMERICA , N.A., BOFA WELLS FARGO BANK, NATIONAL ASSOCIATION, BNP PARIBAS, PNC CAPITAL MARKETS LLC, TRUIST SECURITIES, INC., MORGAN STANLEY SENIOR FUNDING, INC., U.S. BANK NATIONAL ASSOCIATION, ROYAL BANK OF CANADA, CITIZENS BANK, N.A., CITIBANK N.A., HSBC BANK USA, NATIONAL ASSOCIATION, KEYBANC BNP PARIBAS SECURITIES CORP., ROYAL BANK OF CANADA, U.S. BANK NATIONAL ASSOCIATION, PNC CAPITAL MARKETS LLC and TRUIST SECURITIES, INC. INC, THE BANK OF NOVA SCOTIA, BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH, THE HUNTINGTON NATIONAL BANK and CIBC BANK USA , as Joint Lead Arrangers and Joint Bookrunners JPMORGAN CHASE BANK, N.A. , and BOFA SECURITIES, INC. , as Syndication Agents JPMORGAN CHASE BANK, N.A., as Documentation Agent and MORGAN STANLEY SENIOR FUNDING, INC., as Syndication Agents BNP PARIBAS SECURITIES CORP., ROYAL BANK OF CANADA, U.S. BANK NATIONAL ASSOCIATION, PNC BANK, NATIONAL ASSOCIATION and TRUIST BANK as Documentation Agents TABLE OF CONTENTS Page ARTICLE I Definitions 1 SECTION 1.01. Defined Terms 1 SECTION 1.02. Classification of Loans and Borrowings 67 70 SECTION 1.03. Terms Generally 67 70 SECTION 1.04. Accounting Terms; GAAP; Borrower Representative 68 70 SECTION 1.05. Pro Forma Calculations 68 70 SECTION 1.06. Limited Condition Transaction 68 71 SECTION 1.07. Change in GAAP 70 72 SECTION 1.08. Delaware Divisions 70 72 SECTION 1.09. Interest Rates; Benchmark Notification. 70 72 ARTICLE II The credits 71 73 SECTION 2.01. Commitments 71 73 SECTION 2.02. Loans and Borrowings 71 73 SECTION 2.03. Requests for Borrowings 72 74 SECTION 2.04. [Reserved] 73 75 SECTION 2.05. Letters of Credit 73 75 SECTION 2.06. Funding of Borrowings 79 81 SECTION 2.07. Interest Elections 79 82 SECTION 2.08. Termination and Reduction of Commitments 81 83 SECTION 2.09. Repayment of Loans; Evidence of Debt 81 84 SECTION 2.10. Amortization of Term Loans 82 85 SECTION 2.11. Prepayment of Loans 86 87 SECTION 2.12. Fees 89 91 SECTION 2.13. Interest 90 92 SECTION 2.14. Alternate Rate of Interest 91 93 SECTION 2.15. Increased Costs . 94 95 SECTION 2.16. Break Funding Payments 95 97 SECTION 2.17. Taxes 96 97 SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Setoffs 99 101 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 100 102 SECTION 2.20. Defaulting Lenders 102 103 SECTION 2.21. Incremental Extensions of Credit 103 106 SECTION 2.22. Extension of Maturity Date 108 110 SECTION 2.23. Refinancing Facilities 110 112 ARTICLE III Representations and warranties 112 114 SECTION 3.01. Organization; Powers 112 114 SECTION 3.02. Authorization; Due Execution and Delivery; Enforceability 114 SECTION 3.03. Governmental Approvals; No Conflicts 113 114 i SECTION 3.04. Financial Condition; No Material Adverse Change 113 114 SECTION 3.05. Properties 113 114 SECTION 3.06. Litigation and Environmental Matters 114 115 SECTION 3.07. Compliance with Laws 114 115 SECTION 3.08. Sanctions; Anti-Corruption Laws 114 115 SECTION 3.09. Investment Company Status 115 SECTION 3.10. Federal Reserve Regulations 115 SECTION 3.11. Taxes 115 115 SECTION 3.12. ERISA 115 116 SECTION 3.13. Disclosure 115 116 SECTION 3.14. Subsidiaries 116 SECTION 3.15. Solvency 116 SECTION 3.16. Collateral Matters 116 117 ARTICLE IV Conditions 117 118 SECTION 4.01. Conditions to Second Amendment and Restatement Effective Date 117 118 SECTION 4.02. Each Credit Event 117 118 ARTICLE V Affirmative covenants 119 SECTION 5.01. Financial Statements and Other Information 118 119 SECTION 5.02. Notices of Material Events 120 SECTION 5.03. Information Regarding Collateral 120 121 SECTION 5.04. Existence; Conduct of Business 120 121 SECTION 5.05. Payment of Taxes 120 121 SECTION 5.06. Maintenance of Properties 122 SECTION 5.07. Insurance 121 122 SECTION 5.08. [Reserved] 121 122 SECTION 5.09. Books and Records; Inspection and Audit Rights 121 122 SECTION 5.10. Compliance with Laws 121 122 SECTION 5.11. Use of Proceeds; Letters of Credit 122 SECTION 5.12. Additional Subsidiaries 122 123 SECTION 5.13. Further Assurances 124 SECTION 5.14. Credit Ratings 123 124 SECTION 5.15. Post-Effective Date Matters 123 124 SECTION 5.16. [Reserved] 124 125 SECTION 5.17. Designation of Subsidiaries 124 125 SECTION 5.18. ADI Spin-Off Prepayment 125 ARTICLE VI Negative covenants 124 126 SECTION 6.01. Indebtedness; Certain Equity Securities 124 126 SECTION 6.02. Liens 130 133 SECTION 6.03. Fundamental Changes 133 137 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 134 139 SECTION 6.05. Asset Sales 138 143 ii SECTION 6.06. Sale and Leaseback Transactions 140 145 SECTION 6.07. Hedging Agreements 140 145 SECTION 6.08. Restricted Payments; Certain Payments of Junior Indebtedness 140 145 SECTION 6.09. Transactions with Affiliates 143 148 SECTION 6.10. Restrictive Agreements 143 149 SECTION 6.11. Amendment of Material Documents, Etc 144 150 SECTION 6.12. Consolidated Interest Coverage Ratio 145 150 SECTION 6.13. Consolidated Total Leverage Ratio 145 150 SECTION 6.14. Changes in Fiscal Periods 145 150 ARTICLE VII Events of default 145 151 SECTION 7.01. Events of Default 145 151 SECTION 7.02. Exclusion of Certain Subsidiaries 148 154 ARTICLE VIII The administrative agent 148 154 SECTION 8.01. Appointment and Other Matters 148 154 SECTION 8.02. Administrative Agent’s Reliance, Indemnification, Etc . 151 157 SECTION 8.03. Successor Administrative Agent 153 158 SECTION 8.04. Acknowledgements of Lenders and Issuing Banks 153 159 SECTION 8.05. Collateral Matters 154 160 SECTION 8.06. Certain ERISA Matters 156 162 ARTICLE IX Miscellaneous 157 164 SECTION 9.01. Notices 157 164 SECTION 9.02. Waivers; Amendments 160 167 SECTION 9.03. Expenses; Indemnity; Damage Waiver. 163 169 SECTION 9.04. Successors and Assigns 165 171 SECTION 9.05. Survival 171 176 SECTION 9.06. Counterparts; Integration; Effectiveness 171 177 SECTION 9.07. Severability 173 177 SECTION 9.08. Right of Setoff 173 177 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 173 178 SECTION 9.10. WAIVER OF JURY TRIAL 174 178 SECTION 9.11. Headings 174 179 SECTION 9.12. Confidentiality 174 179 SECTION 9.13. Interest Rate Limitation 175 180 SECTION 9.14. Release of Liens and Guarantees 175 180 SECTION 9.15. USA PATRIOT Act Notice 176 181 SECTION 9.16. No Fiduciary Relationship 176 181 SECTION 9.17. Non-Public Information 177 181 SECTION 9.18. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 177 182 SECTION 9.19. Judgment Currency 178 183 SECTION 9.20. Cashless Settlement. 178 183 SECTION 9.21. Acknowledgement Regarding Any Supported QFCs 178 183 iii SCHEDULES : Schedule 1.02 — Mortgaged Property Schedule 1.04 — Existing Letters of Credit Schedule 2.01 — Commitments Schedule 3.14 — Subsidiaries Schedule 5.15 — Post-Closing Undertakings Schedule 6.01 — Existing Indebtedness Schedule 6.02 — Existing Liens Schedule 6.04 — Existing Investments Schedule 6.05 — Proposed Asset Sales Schedule 6.10 — Existing Restrictions EXHIBITS : Exhibit A — Form of Assignment and Assumption Exhibit B — [Reserved] Exhibit C — Form of Amended and Restated Collateral Agreement [Reserved] Exhibit D — Form of Perfection Certificate [Reserved] Exhibit E — Form of Amended and Restated Guarantee Agreement [Reserved] Exhibit F — Form of Global Intercompany Note [Reserved] Exhibit G — Auction Procedures Exhibit H — Form of Affiliated Lender Assignment and Assumption Exhibit I — Form of Maturity Date Extension Request Exhibit J-1 — Form of U.S. Tax Compliance Certificate for Foreign Lenders that are not Partnerships for U.S. Federal Income Tax Purposes Exhibit J-2 — Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes Exhibit J-3 — Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes Exhibit J-4 — Form of U.S. Tax Compliance Certificate for Foreign Lenders that are Partnerships for U.S. Federal Income Tax Purposes Exhibit K — Form of Secured Supply Chain Financing Designation Exhibit L — Form of Solvency Certificate Exhibit M — Form of Borrowing Request iv SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of February 12 June 4 , 2021 2026 (this “ Agreement ”), among RESIDEO TECHNOLOGIES, INC., a Delaware corporation (“ Holdings ”), RESIDEO HOLDING INC., a Delaware corporation (“ U.S. HoldCo 1 ”), RESIDEO INTERMEDIATE HOLDING INC., a Delaware corporation (“ U.S. HoldCo 2 ”), RESIDEO FUNDING INC., a Delaware corporation (“ Borrower RFI”), RESIDEO FUNDING II, LLC, a Delaware limited liability company (“RF II ”), the LENDERS and ISSUING BANKS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent. Pursuant to the Second Amendment and Restatement Agreement and upon the terms and subject to the satisfaction of the conditions set forth therein, the Existing Credit Agreement is being amended and restated in the form of this Agreement (such terms and other capitalized terms used in these preliminary statements defined in Section 1.01 hereof). The Lenders are willing to continue to extend such credit to the Borrower, and the Issuing Banks are willing to continue to issue Letters of Credit for the account of the Borrower, on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: ARTICLE I Definitions SECTION 1.01. Defined Terms . As used in this Agreement, the following terms have the meanings specified below: “ ABR ”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. “ Acceptable Intercreditor Agreement ” means a customary intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower. “Additional Lender ” has the meaning assigned to such term in Section 2.21(c). “ Additional Letter of Credit Facility ” means any facility established by Holdings, the Borrower and/or any Restricted Subsidiary to obtain letters of credit, bank guarantees, bankers’ acceptances or other instruments required by customers, suppliers or landlords or otherwise required in the ordinary course of business Ordinary Course of Business . “ADI Spin-Off Credit Agreement” means that certain credit agreement, expected to be dated on or around July 1, 2026, between (among others), ADI Global Distribution Funding LLC, as the borrower, and JPMorgan Chase Bank, N.A., as the administrative agent. “ADI Spin-Off Date Actions” means, collectively, any actions necessary to effectuate the ADI Spin-Off Transaction occurring substantially concurrently with the consummation of the ADI Spin-Off Transaction (and without regard to the actual consummation thereof). 1 “ Additional Lender ADI Spin-Off Debt Basket ” has the meaning assigned to such term in Section 2.21 6.01 ( c xviii ). “ Adjusted CTLR Period ADI Spin-Off Dispositions Basket ” has the meaning assigned to such term in Section 6.13 6.05(p) . “ Adjusted Daily Simple SOFR ” means, an interest rate per annum equal to (a) Daily Simple SOFR, plus (b) the Term SOFR Adjustment ; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement . “ Adjusted Term SOFR Rate ” means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR Rate for such Interest Period plus (b) the Term SOFR Adjustment ; provided that if the Adjusted Term SOFR Rate as so determined shall ever be less than the Floor, then the Adjusted Term SOFR Rate shall be deemed to be the Floor . “ADI Spin-Off Distribution” means the distribution paid to Holdings and/or its Subsidiaries with the proceeds of (i) a credit facility to be entered into by certain of the ADI Spin-Off Entities in connection with the ADI Spin-Off Transaction and (ii) notes to be issued by one or more of the ADI Spin-Off Entities in connection with the ADI Spin-Off Transaction. “ADI Spin-Off Entities” means ADI Global Distribution Inc., a Delaware corporation , and its Subsidiaries, in each case, after giving pro forma effect to the consummation of the ADI Spin-Off Transaction. “ADI Spin-Off Investment Basket” has the meaning assigned to such term in Section 6.04(w). “ADI Spin-Off Lien Basket” has the meaning assigned to such term in Section 6.02(xiii). “ADI Spin-Off Negative Covenant Baskets” means, collectively, the ADI Spin-Off Debt Basket, the ADI Spin-Off Lien Basket, the ADI Spin-Off Investment Basket, the ADI Spin-Off Dispositions Basket, the ADI Spin-Off RP Basket, the ADI Spin-Off RDP Basket and the ADI Spin-Off Transactions with Affiliates Basket. “ADI Spin-Off Prepayment” means any prepayment of any Borrowing in connection with the consummation of the ADI Spin-Off Transaction, including with the direct or indirect proceeds received by the Loan Parties in connection with the ADI Spin-Off Transaction. “ADI Spin-Off RDP Basket” has the meaning assigned to such term in Section 6.09. “ADI Spin-Off RP Basket” has the meaning assigned to such term in Section 6.08(a)(i). “ADI Spin-Off Reorganization Actions” means, collectively, any reorganization transactions effected in contemplation of the ADI Spin-Off Transaction occurring prior to the consummation of the ADI Spin-Off Transaction (and without regard to the actual consummation thereof). 2 “ADI Spin-Off Transactions with Affiliates Basket” has the meaning assigned to such term in Section 6.08(b)(iii) “ADI Spin-Off Transaction” means the separation of Holdings’ ADI global distribution business from its products and solutions business completed through a pro rata distribution of all of the outstanding shares of common stock of ADI Global Distribution Inc., a wholly-owned subsidiary of Holdings, to Holdings’ common stockholders and the making of a distribution by ADI Global Distribution Inc., the proceeds of which shall be applied to voluntarily prepay the Term Loans. “Adjusted CTLR Period” has the meaning assigned to such term in Section 6.13. “ Administrative Agent ” means JPMCB (including its branches and affiliates), in its capacity as administrative agent and collateral agent hereunder and under the other Loan Documents, and its successors in such capacity as provided in Article VIII. “ Administrative Questionnaire ” means 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 ” means, with respect to a specified Person, another Person that directly, or indirectly, Controls or is Controlled by or is under common Control with the Person specified. “ Affiliated Lender Assignment and Assumption ” means an assignment and assumption entered into by a Lender and a Purchasing Borrower Party (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit H or any other form approved by the Administrative Agent. “ Aggregate Revolving Commitment ” means, at any time, the sum of the Revolving Commitments of all the Revolving Lenders at such time. “ Aggregate Revolving Exposure ” means, at any time, the sum of the Revolving Exposures of all the Revolving Lenders at such time. “ Agreed Currency ” means dollars and each Permitted Foreign Currency. “ Agreement ” has the meaning assigned to such term in the introductory statement to this Agreement. “ Agreement Currency ” has the meaning assigned to such term in Section 9.19. 3 “ Alternate Base Rate ” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus ½ of 1% and (c) the Adjusted Term SOFR Rate for a one month Interest Period as published two (2) U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day) plus 1%; provided that for the purpose of this definition, the Adjusted Term SOFR Rate for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m. Chicago time on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by CME Term SOFR Administrator in the Term SOFR Reference Rate methodology). Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.14 (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to Section 2.14(b)), then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. For the avoidance of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than the Floor, such rate shall be deemed to be the Floor for purposes of this Agreement. “ Alternative Incremental Facility Debt ” means any Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes, bonds or debentures and/or term loans secured on a pari passu basis with or junior basis to the Loans or senior unsecured notes or senior subordinated notes or any bridge facility; provided that (i) if such Indebtedness is secured, such Indebtedness shall be secured by the Collateral on a pari passu or junior basis with the Loan Document Obligations and is not secured by any property or assets of any member of the Restricted Group other than the Collateral, (ii) such Indebtedness does not mature or have scheduled amortization or payments of principal prior to the Latest Maturity Date (or in the case of Indebtedness secured on a junior basis to the Loan Document Obligations or unsecured Indebtedness, the date that is 90 days after the Latest Maturity Date) at the time such Indebtedness is incurred (except, in each case, upon the occurrence of an event of default, a change in control, an event of loss or an asset disposition or in the case of Indebtedness secured by the Collateral on a pari passu basis with the Liens securing the Obligations, de minimis amortization not in excess of 1.00% per annum); provided that the requirements set forth in this clause (ii) shall not apply to any Indebtedness (x) consisting of a customary bridge facility so long as such bridge facility, subject to customary conditions, would either automatically be converted into or required to be exchanged for permanent refinancing that does not mature earlier than the Latest Maturity Date or (y) incurred in reliance on the Inside Maturity Exception, (iii) the mandatory prepayment provisions of any such Indebtedness shall not be more favorable to the applicable lenders or creditors than those of the Term Loans unless (x) the Lenders of the Term Loans also receive the benefit of such more favorable terms or (y) such provisions apply after the Latest Maturity Date at the time and (iv) such Indebtedness is not guaranteed by any Subsidiaries other than the Loan Parties. “ Amended and Restated Collateral Agreement ” means the that certain Amended and Restated Collateral Agreement , dated as of the Amendment and Restatement Effective Date, as amended by the Second Amendment and Restatement Agreement and as may be further amended, restated, amended and restated, supplemented or modified from time to time, by and among the Loan Parties and the Administrative Agent , substantially in the form of Exhibit C , or any other collateral agreement reasonably requested (in accordance with the Collateral and Guarantee Requirement) by the Administrative Agent . “ Amended and Restated Guarantee Agreement ” means the that certain Amended and Restated Guarantee Agreement dated as of February 12, 2021 by and among the Administrative Agent and the Loan Parties from time to time party thereto , substantially in the form of Exhibit E , as may be amended, restated, amended and restated, supplemented or modified from time to time , by and among the Administrative Agent and the Loan Parties from time to time party thereto . 4 “ Amendment and Restatement Agreement ” means the Amendment and Restatement Agreement, dated as of Amendment and Restatement Effective Date, among the Loan Parties, the Lenders party thereto, the Administrative Agent and the Issuing Banks. “ Amendment and Restatement Date Refinancing ” means (i) repayment in full of all amounts outstanding under the Existing Credit Agreement, and in each case all accrued interest thereon and other fees and amounts outstanding in respect thereof and (ii) termination of the commitments thereunder. “ Amendment and Restatement Effective Date ” means February 12, 2021. “ Ancillary Document ” has the meaning given to such term in Section 9.06(b). “ Anti-Corruption Laws ” means all laws, and regulations of any Governmental Authority applicable to the Borrower or any of its Affiliates from time to time concerning or relating to bribery, corruption or anti-money laundering, including the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), and the UK Bribery Act of 2010. “ Applicable Adjustments ” has the meaning given to such term in the definition of “Consolidated EBITDA”. “ Applicable Parties ” has the meaning given to such term in Section 9.01(d)(iii). “ Applicable Percentage ” means, at any time with respect to any Revolving Lender, the percentage of the Aggregate Revolving Commitment represented by such Lender’s Revolving Commitment at such time (or, if the Revolving Commitments have terminated or expired, such Revolving lender’s share of the total Revolving Exposure at that time); provided that, at any time any Revolving Lender shall be a Defaulting Lender, for purposes of Section 2.20(c)(ii), “Applicable Percentage” shall mean the percentage of the total Revolving Commitments (disregarding any such Defaulting Lender’s Revolving Commitment) represented by such Lender’s Revolving Commitment. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving Commitments most recently in effect, giving effect to any assignments of Revolving Loans and LC Exposures that occur after such termination or expiration and to any Lender’s status as a Defaulting Lender at the time of determination. “ Applicable Rate ” means, for any day: (a) (i) with respect to any Loan that is an Initial Term Loan, 2.00% per annum in the case of Term Benchmark Loans and 1.00% per annum in the case of ABR Loans, (ii) with respect to any Loan that is a Fourth Amendment Term Loan, 2.00% per annum in the case of Term Benchmark Loans and 1.00% per annum in the case of ABR Loans and ( iii ) with respect to any Loan that is a Sixth Amendment Term Loan from the Fourth Amendment Effective to but excluding the date of the consummation of the ADI Spin-Off Transaction , 2.00% per annum in the case of Term Benchmark Loans and 1.00% per annum in the case of ABR Loans ; and , (iii) with respect to any Loan that is a Sixth Amendment Term Loan , from the Sixth Amendment Effective to but excluding the date of the consummation of the ADI Spin-Off Transaction, 2.00% per annum in the case of Term Benchmark Loans and 1.00% per annum in the case of ABR Loans and ( iv ) with respect to any Term Loan that is outstanding after the ADI Spin-Off Transaction is consummated, from and including the date of the consummation of the ADI Spin-Off Transaction, 2.25% per annum in the case of Term Benchmark Loans and 1.25% per annum in the case of ABR Loans; and 5 (b) with respect to (i) any Revolving Loan and (ii) the commitment fees payable hereunder in respect of unused Revolving Commitments : , the (A) prior to the Second Amendment and Restatement Effective Date, the applicable rate per annum set forth below in the “Term Benchmark Loans”, “ABR Loans” or “Commitment Fee” column, as applicable, based upon the Consolidated Total Leverage Ratio as of the end of the fiscal quarter of Holdings for which consolidated financial statements have most recently been delivered to the Administrative Agent pursuant to Section 5.01(a) or 5.01(b) ; provided that until the delivery of such consolidated financial statements as of and for the second full fiscal quarter of Holdings after the Fourth Amendment Effective Date, the Applicable Rate shall be that set forth below in Level II: Level Consolidated Total Leverage Ratio Term Benchmark Loans ABR Loans Commitment Fee I ≥ 2.75 to 1.00 2.25 % 1.25 % 0.35 % II < 2.75 to 1.00 and ≥ 2.00 to 1.00 2.00 % 1.00 % 0.30 % III < 2.00 to 1.00 and ≥ 1.50 to 1.00 1.75 % 0.75 % 0.275 % IV < 1.50 to 1.00 1.50 % 0.50 % 0.25 % (B) from and after the Second Amendment and Restatement Effective Date, the applicable rate per annum set forth below in the “Term Benchmark Loans”, “ABR Loans” or “Commitment Fee” column, as applicable, based upon the Consolidated Total Leverage Ratio as of the end of the fiscal quarter of Holdings for which consolidated financial statements have most recently been delivered to the Administrative Agent pursuant to Section 5.01(a) or 5.01(b); provided that until the first delivery of such consolidated financial statements after the Second Amendment and Restatement Effective Date, the Applicable Rate shall be that set forth below in Level I: Level Consolidated Total Leverage Ratio Term Benchmark Loans ABR Loans Commitment Fee I ≥ 2.50 to 1.00 2.00 % 1.00 % 0.35 % II < 2.50 to 1.00 and ≥ 1.50 to 1.00 1.75 % 0.75 % 0.30 % III < 1.50 to 1.00 1.50 % 0.50 % 0.25 % 6 For purposes of the foregoing, each change in the Applicable Rate resulting from a change in the Consolidated Total Leverage Ratio shall be effective during the period commencing on and including the date of delivery to the Administrative Agent pursuant to Section 5.01(a) or 5.01(b) of the consolidated financial statements indicating such change and ending on the date immediately preceding the effective date of the next such change; provided that the Consolidated Total Leverage Ratio shall be deemed to be in Level I at the option of the Administrative Agent or at the request of the Required Lenders if Holdings fails to deliver the consolidated financial statements required to be delivered by it pursuant to Section 5.01(a) or 5.01(b) or the certificate of a Financial Officer required to be delivered by it pursuant to Section 5.01(c) during the period from the expiration of the time for delivery thereof until such consolidated financial statements and such certificate are delivered. “ Approved Fund ” means, with respect to any Lender or Eligible Assignee, any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course of its activities and that is administered, advised or managed by (a) such Lender or Eligible Assignee, (b) an Affiliate of such Lender or Eligible Assignee or (c) an entity or an Affiliate of an entity that administers, advises or manages such Lender or Eligible Assignee. “ Arrangers ” means, collectively, JPMorgan Chase Bank, N.A., BofA Securities, Inc. , Morgan Stanley Senior Funding, Inc. JPMorgan Chase Bank N.A., Bank of America, N.A., Wells Fargo Bank, National Association , BNP Paribas , PNC Capital Markets LLC , Truist Securities Corp., Royal Bank of Canada , Inc. , U.S. Bank National Association, PNC Capital Markets LLC and Truist Securities, Inc. Royal Bank of Canada , Citizens Bank, N.A., Citibank N.A., HSBC Bank USA, National Association, Keybanc Capital Markets Inc, The Bank of Nova Scotia, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, The Huntington National Bank and CIBC Bank USA , in their capacities as joint lead arrangers and joint bookrunners for the credit facilities provided for herein. “ Assignment and Assumption ” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any Person whose consent is required by Section 9.04) and accepted by the Administrative Agent, substantially in the form of Exhibit A or any other form (including electronic records generated by the use of an electronic platform) approved by the Administrative Agent. “ Auction ” means an auction pursuant to which a Purchasing Borrower Party offers to purchase Term Loans pursuant to the Auction Procedures. “ Auction Manager ” means any financial institution or advisor employed by the Borrower (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Auction; provided that the Borrower shall not designate the Administrative Agent as the Auction Manager without the written consent of the Administrative Agent (it being understood and agreed that the Administrative Agent shall be under no obligation to agree to act as the Auction Manager). “ Auction Procedures ” means the procedures set forth in Exhibit G . “ Auction Purchase Offer ” means an offer by a Purchasing Borrower Party to purchase Term Loans of one or more Classes pursuant to an auction process conducted in accordance with the Auction Procedures and otherwise in accordance with Section 9.04(e). 7 “ Audited Financial Statements ” the audited combined balance sheets sheet of Holdings dated December 31, 2019 2024 and December 31, 2018 2025 , and the related audited combined statements statement of operations, comprehensive income, equity (deficit) and cash flows as of and for the fiscal years year ended December 31, 2019, December 31, 2018 2024 and December 31, 2017 2025 , audited and reported on by Deloitte & Touche, LLP. “ Available Amount ” means, at any time, (a) the sum of: (i) the greater of (A) $100,000,000 and (B) 25% of LTM Consolidated EBITDA, plus (ii) 50% of the Consolidated Net Income of Holdings for the period (taken as one accounting period) from the first day of the first fiscal quarter of Holdings during which the Effective Date occurred to and including the last day of Holdings’ most recently ended fiscal quarter for which financial statements have been delivered pursuant to Section 5.01(a) or 5.01(b), as applicable, or, in the case such Consolidated Net Income for such period is a deficit, minus 100% of such deficit, plus (iii) the Net Proceeds from any sale or issuance of Equity Interests (other than Disqualified Equity Interests) of Holdings to the extent such Net Proceeds are received by the Borrower, plus (iv) the aggregate amount of prepayments declined by the Term Lenders and retained by the Borrower pursuant to Section 2.11(f), plus (v) to the extent not already included in the calculation of Consolidated Net Income and without duplication of clause (vi) below and of any amount deducted from the calculation of Investments pursuant to the definition of Investment, the amounts of any dividends in cash or Permitted Investments or other returns, profits, distributions and similar amounts (whether by means of a sale or other disposition, a repayment of a loan or advance, a dividend or otherwise) received by the Borrower and the Restricted Subsidiaries on Investments made using the Available Amount, in each case up to the original amount of such Investments; plus (vi) to the extent not already included in the calculation of Consolidated Net Income and without duplication of clause (v) above and of any amount deducted from the calculation of Investments pursuant to the definition of Investment, the amount of any Investment made using the Available Amount in any Unrestricted Subsidiary that has been re-designated as a Restricted Subsidiary or that has been merged, amalgamated or consolidated with or into the Borrower or any of the Restricted Subsidiaries (up to the lesser of (A) the fair market value determined in good faith by the Borrower of the Investments of Holdings and the Restricted Subsidiaries in such Unrestricted Subsidiary at the time of such re-designation or merger or consolidation and (B) the fair market value determined in good faith by the Borrower of the original Investment by Holdings and the Restricted Subsidiaries in such Unrestricted Subsidiary); plus (vii) the Net Proceeds from any sale or issuance of Disqualified Equity Interests of Holdings or debt securities of Holdings (other than Disqualified Equity Interests or debt securities issued or sold to the Borrower or a Restricted Subsidiary), in each case that have been converted into or exchanged for Equity Interests of Holdings (other than Disqualified Equity Interests) to the extent such Net Proceeds are received by the Borrower; minus 8 (b) the sum since the Effective Date of (i) Investments, loans and advances previously or concurrently made in reliance on the Available Amount, plus (ii) Restricted Payments previously or concurrently made in reliance on the Available Amount, plus (iii) Restricted Debt Payments previously or concurrently made in reliance on the Available Amount. Notwithstanding the foregoing, in no event shall any payments by Honeywell or a subsidiary of Honeywell to Holdings or any of its Restricted Subsidiaries made in connection with the Transactions be added to the Available Amount. “ Available Tenor ” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length of an Interest Period pursuant to this Agreement 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 clause (f) of Section 2.14. “Back to Back Arrangements” shall mean any “back-to-back” transactions between or among Holdings, the Borrower or any Restricted Subsidiary, in connection with facilitating any Hedging Agreements (provided that, for such arrangements to constitute Back to Back Arrangements, such arrangements must be settled in cash, which for this purpose shall include netting of obligations, within five Business Days of any corresponding settlement with the third party counterparty to such Hedging Agreement). “ Bail-In Action ” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an any Affected 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, regulation, rule or requirement for such EEA Member Country from time to time which that 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). “ Back to Back Arrangements ” shall mean any “back-to-back” transactions between or among Holdings, the Borrower or any Restricted Subsidiary, in connection with facilitating any Hedging Agreements (provided that, for such arrangements to constitute Back to Back Arrangements, such arrangements must be settled in cash, which for this purpose shall include netting of obligations, within five Business Days of any corresponding settlement with the third party counterparty to such Hedging Agreement). 9 “ Bankruptcy Event ” means, with respect to any Person, that such Person has become the subject of a bankruptcy, insolvency proceeding or Bail-In Action, or has had a receiver, conservator, trustee, administrator, custodian, examiner, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in, any such proceeding or appointment or has become the subject of a Bail-In Action; 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; provided further that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States of America or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. “ Benchmark ” means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have /has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (b) of Section 2.14. “ Benchmark Replacement ” means, for any Available Tenor with respect to any Benchmark Transition Event , the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date; provided that, in the case of any Loan denominated in a Permitted Foreign Currency, “Benchmark Replacement” shall mean the alternative set forth in (2) below: (1) the Adjusted Daily Simple SOFR; or (2) the sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor 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 to the then-current Benchmark for syndicated credit facilities denominated in the applicable Agreed Currency at such time and (b) the related Benchmark Replacement Adjustment. If the Benchmark Replacement as determined pursuant to clause (1) or (2) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. “ Benchmark Replacement Adjustment ” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement , 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 for the applicable Corresponding Tenor giving due consideration to (i) 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 on the applicable Benchmark Replacement Date and/ or (ii) 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 Agreed Currency at such time. 10 “ Benchmark Replacement Conforming Changes ” means, with respect to either the use or administration of Term SOFR Rate, or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Alternate Base Rate,” the definition of “Business Day,” the definition of “U.S. Government Securities 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, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). “ Benchmark Replacement Date ” means , with respect to any Benchmark, the earliest to occur of the following events with respect to such the then-current Benchmark: (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof); or (2) in the case of clause (3) 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 or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) have been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be no longer representative non-representative ; provided, that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (3) and even if such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date. For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) if such Benchmark is a term rate, the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) 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). 11 “ Benchmark Transition Event ” means , with respect to any Benchmark, the occurrence of one or more of the following events with respect to such the then-current Benchmark: (1) 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 such Benchmark (or such component thereof) or, if such Benchmark is a term rate, 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 such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof); (2) 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 Federal Reserve Board of Governors , the NYFRB Federal Reserve Bank of New York , the CME Term SOFR Administrator, 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), in each case which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, 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 such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof); or (3) 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 such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) are no longer not, or as of a specified future date will not be, representative. For the avoidance of doubt, if such Benchmark is a term rate, 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). “ Benchmark Unavailability Period ” means, with respect to any Benchmark, the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced such the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.14 and (y) ending at the time that a Benchmark Replacement has replaced such the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.14. “ Beneficial Ownership Certification ” means a certification regarding individual beneficial ownership solely to the extent expressly required by 31 C.F.R. § 1010.230 (“ Beneficial Ownership Regulation ”). 12 “ Beneficial Ownership Regulation ” has the meaning specified in the definition of Beneficial Ownership Certification. “ Benefit Plan ” means any of (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code to which Section 4975 of the Code applies, and (c) any Person whose assets include (for purposes of the Plan Asset Regulations 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”. “ BHC Act Affiliate ” of a party shall mean means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. “ Board of Governors ” means the Board of Governors of the Federal Reserve System of the United States of America. “Borrower” has the meaning assigned to such term in the introductory statement to this Agreement means, (a) prior to the Co-Borrower Merger, RFI, and (b) from and after the Co-Borrower Merger, RF II . “ Borrowing ” means Loans of the same Class, Type and currency, made, converted or continued on the same date and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect. “ Borrowing Minimum ” means (a) in the case of a Term Benchmark Borrowing, $5,000,000 and (b) in the case of an ABR Borrowing, $1,000,000. “ Borrowing Multiple ” means (a) in the case of a Term Benchmark Borrowing denominated in dollars, $500,000 and (b) in the case of an ABR Borrowing, $100,000. “ Borrowing Request ” means a request by the Borrower for a Borrowing in accordance with Section 2.03, which shall be substantially in the form of Exhibit M (or such other form approved by the Administrative Agent and otherwise consistent with the requirements of Section 2.03). “ Business Day ” means any day that is not a Saturday, a Sunday or any other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that, in addition to the foregoing, in relation to Loans referencing the Adjusted Term SOFR Rate and any interest rate settings, fundings, disbursements, settlements or payments of any such Loans referencing the Adjusted Term SOFR Rate or any other dealings of such Loans referencing the Adjusted Term SOFR Rate, any such day that is a U.S. Government Securities Business Day. “ Capital Expenditures ” means, for any period, (a) the additions to property, plant and equipment and other capital expenditures of the Restricted Group that are (or should be) set forth in a consolidated statement of cash flows of Holdings for such period prepared in accordance with GAAP and (b) Capital Lease Obligations incurred by the Restricted Group during such period, but excluding in each case any such expenditure (i) constituting reinvestment of the Net Proceeds of any event described in clause (a) or (b) of the definition of the term “Prepayment Event”, to the extent permitted by Section 2.11(c), (ii) made by the Restricted Group to effect leasehold improvements to any property leased by the Restricted Group as lessee, to the extent that such expenses have been reimbursed by the landlord, (iii) in the form of a substantially contemporaneous exchange of similar property, plant, equipment or other capital assets, except to the extent of cash or other consideration (other than the assets so exchanged), if any, paid or payable by the Restricted Group and (iv) made with the Net Proceeds from the issuance of Qualified Equity Interests. 13 “ Capital Lease Obligations ” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital or finance leases on a balance sheet of such Person under GAAP (subject to the provisions of Section 1.04), and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP (subject to the provisions of Section 1.04). “ Captive Insurance Subsidiary ” means a Subsidiary of Holdings established for the purpose of, and to be engaged solely in the business of, insuring the businesses or facilities owned or operated by Holdings or any of its Subsidiaries or joint ventures. “ Cash Management Financing Facilities ” has the meaning assigned to such term in the definition of “Secured Cash Management Obligations”. “ Cash Management Services ” means the treasury management services (including controlled disbursements, zero balance arrangements, cash sweeps, automated clearinghouse transactions, return items, overdrafts, single entity or multi-entity multicurrency notional pooling structures, temporary advances, interest and fees and interstate depository network services), netting services, employee credit or purchase card programs and similar programs, in each case provided to Holdings, the Borrower or any Restricted Subsidiary. “ Change in Control ” means (a) Holdings ceases to own all of the Equity Interests of U.S. HoldCo 2 and the Borrower; (b) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Exchange Act and the rules of the SEC thereunder) of 35% or more of the Voting Equity Interests in Holdings; provided , however, that this clause (b) shall not include any transaction where (x) Holdings becomes a direct or indirect wholly owned subsidiary of a holding company, and (y) the direct or indirect holders of the Voting Equity Interests of such holding company immediately following that transaction are substantially the same as the holders of Holding’s Voting Equity Interests immediately prior to that transaction; or (c) the occurrence of a “Change in Control” as defined in the Senior Notes Documents. For purposes of this definition, (i) “beneficial ownership” shall be as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act and (ii) the phrase Person or “group” is within the meaning of Section 13(d) or 14(d) of the Exchange Act, but excluding any employee benefit plan of such Person or “group” and its subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan. “ Change in Law ” means the occurrence, after the Second Amendment and Restatement Effective Date (or with respect to any Lender, if later, the date on which such Lender becomes a Lender), of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that, notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives promulgated thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States of America or foreign regulatory authorities, in each case pursuant to Basel III, in each case shall be deemed to be a “Change in Law”, regardless of the date enacted, adopted, promulgated or issued. 14 “ Charges ” has the meaning assigned to such term in Section 9.13. “ Class ”, when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans, Initial Term Loans, Fourth Amendment Term Loans, Sixth Amendment Term Loans, Incremental Revolving Loans or Incremental Term Loans, (b) any Commitment, refers to whether such Commitment is a Revolving Commitment, an Initial Term Commitment, a Fourth Amendment Term Commitment, a Sixth Amendment Term Commitment, a Commitment in respect of any Incremental Revolving Loans or a Commitment in respect of any Incremental Term Loans and (c) any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular Class. Incremental Revolving Loans and Incremental Term Loans that have different terms and conditions (together with the Commitments in respect thereof) shall be construed to be in different Classes. “ CME Term SOFR Administrator ” means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator). “ Code ” means the Internal Revenue Code of 1986, as amended. “ Covered Entity ” means any of the following: (a) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). “ Collateral ” means any and all assets, whether real or personal, tangible or intangible, on which Liens are purported to be granted pursuant to the Security Documents as security for the Obligations, but excluding, for the avoidance of doubt, the Excluded Property. “ Collateral and Guarantee Requirement ” means, at any time, the requirement that: (a) the Administrative Agent shall have received from Holdings, each other Loan Party and each Designated Subsidiary (i) a counterpart of each Security Document to which such Person is a party duly executed and delivered on behalf of such Person or (ii) in the case of any Subsidiary that becomes a Loan Party or a Designated Subsidiary after the Second Amendment and Restatement Effective Date, a supplement to the Amended and Restated Collateral Agreement in substantially the form attached as Exhibit I thereto, a supplement to the Amended and Restated Guarantee Agreement in substantially the form attached as Exhibit I thereto, a Patent Security Agreement, Trademark Security Agreement and/or Copyright Security Agreement (each as defined in the Amended and Restated Collateral Agreement, and to the extent applicable) and other security documents reasonably requested by the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent (consistent with the Security Documents in effect on the Second Amendment and Restatement Effective Date), duly executed and delivered on behalf of such Person, in each case, together with opinions and documents of the type referred to in Sections 4.01(b) and (c) with respect to such Person as may be reasonably requested by the Administrative Agent; 15 (b) (i) all outstanding Equity Interests (other than any Equity Interest constituting Excluded Property) of the Borrower and each Restricted Subsidiary that is a Material Subsidiary, in each case owned by any Loan Party, shall have been pledged pursuant to the Amended and Restated Collateral Agreement; provided that the Loan Parties shall not be required to pledge Excluded Property and (ii) the Administrative Agent shall, to the extent required by the Amended and Restated Collateral Agreement, have received certificates or other instruments representing all such Equity Interests of any Restricted Subsidiary (other than any Equity Interest constituting Excluded Property or, from and after the Second Amendment and Restatement Effective Date, Equity Interests in any ADI Spin-Off Entities ) held by any Loan Party, together with undated stock powers or other appropriate instruments of transfer with respect thereto endorsed in blank (to the extent applicable and provided that no Loan Party shall have any obligation to deliver a certificate or other instrument representing any such Equity Interest if such Equity Interest is uncertificated); (c)(i) all Indebtedness of Holdings, the Borrower and each Subsidiary that is owing to any Loan Party shall be evidenced by, at the Loan Party’s option, a Global Intercompany Note and/ or one or more standalone promissory notes, and shall be Collateral pursuant to the applicable Security Documents; and (ii) the Administrative Agent shall have received the Global Intercompany Note and , solely to the extent the applicable Indebtedness is not also evidenced by the Global Intercompany Note, all such promissory notes with a principal amount of $20,000,000 or more, together with undated instruments of transfer with respect thereto endorsed in blank; (d) all financing statements and other appropriate filings or recordings, including Uniform Commercial Code financing statements, required by law or specified in the Security Documents to be filed, registered or recorded on the Effective Date under the Existing Credit Agreement or the or prior to the Second Amendment and Restatement Effective Date shall have been so filed, registered or recorded or delivered to the Administrative Agent for such filing, registration or recording; 16 (e) the Administrative Agent shall have received (i) counterparts of a Mortgage with respect to each Mortgaged Property duly executed and delivered by the record owner of such Mortgaged Property (provided that if the Mortgaged Property is in a jurisdiction that imposes a mortgage recording or similar tax on the amount secured by such Mortgage, then the amount secured by such Mortgage shall be limited to the fair market value, as reasonably determined by Holdings in good faith, of such Mortgaged Property), (ii) a policy or policies of title insurance issued by a nationally recognized title insurance company insuring the Lien of each such Mortgage as a valid and enforceable first Lien on the Mortgaged Property described therein, free of any other Liens except as expressly permitted by Section 6.02, together with such endorsements, coinsurance and reinsurance as the Administrative Agent may reasonably request to the extent available in the applicable jurisdiction at commercially reasonable rates (it being agreed that the Administrative Agent shall accept zoning reports from a nationally recognized zoning company in lieu of zoning endorsements to such title insurance policies), in an amount equal to the fair market value of such Mortgaged Property as reasonably determined by Holdings in good faith, provided that in no event will Holdings be required to obtain independent appraisals or other third-party valuations of such Mortgaged Property, unless required by FIRREA or other applicable law, provided , however , Holdings shall provide to the title company such supporting information with respect to its determination of Fair Market Value as may be reasonably required by the title company, (iii) with respect to each Mortgaged Property located in the United States, a completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination (together with a notice about special flood hazard area status and flood disaster assistance, which, if applicable, shall be duly executed by the applicable Loan Party relating to such Mortgaged Property), and, if any such Mortgaged Property is located in an area determined by the Federal Emergency Management Agency to have special flood hazards, evidence of such flood insurance as may be required under applicable law, including Regulation H of the Board of Governors and (iv) such customary surveys (or existing surveys together with no-change affidavits of such Mortgaged Property or survey alternatives, including express maps), abstracts, legal opinions, title documents and other documents as the Administrative Agent or the Required Lenders may reasonably request with respect to any such Mortgage or Mortgaged Property; provided that (x) the requirements of the foregoing clauses (i), (ii), (iv) and (v) shall be completed on or before the date that is 90 days after the Second Amendment and Restatement Effective Date (or such longer period as the Administrative Agent may, in its reasonable discretion, agree to in writing (such approval or consent not to be unreasonably withheld or delayed)) in accordance with Section 5.15, (y) legal opinions referred to in the foregoing clause (iv) shall be limited to the purposes of obtaining customary legal opinions from counsel qualified to opine in the jurisdiction where such Mortgaged Property is located regarding solely to the enforceability of the Mortgage for such Mortgaged Property and such other customary matters as may be in form and substance reasonably satisfactory to the Administrative Agent; and (z) no delivery of new surveys shall be required for any Mortgaged Property where the title company will issue a lender’s title policy with the standard survey exception omitted from such title policy and affirmative endorsements that require a survey ; and (f) except as otherwise provided for in the Security Documents, each Loan Party shall have obtained all consents and approvals required to be obtained by it in connection with the execution and delivery of all Security Documents to which it is a party, the performance of its obligations thereunder and the granting by it of the Liens thereunder. Notwithstanding anything to the contrary, subject to the proviso set forth in the following sentence, no Loan Party shall be required, nor shall the Administrative Agent be authorized, (i) to perfect pledges, security interests and mortgages of Collateral of Loan Parties by any means other than by (A) filings pursuant to the Uniform Commercial Code, in the office of the Secretary of State (or similar central filing office) of the relevant jurisdiction where the grantor is located (as determined pursuant to the Uniform Commercial Code) and filings in the applicable real estate records with respect to Mortgaged Properties, (B) filings in the United States Patent and Trademark Office and the United States Copyright Office with respect to Intellectual Property as expressly required in the Security Documents, and (C) delivery to the Administrative Agent, to be held in its possession, of the Global Intercompany Note and , solely to the extent the applicable Indebtedness is not also evidenced by the Global Intercompany Note, all Collateral consisting of intercompany notes in a principal amount of $20,000,000 or more, owed by a single obligor, stock certificates of Restricted Subsidiaries (other than, from and after the Second Amendment and Restatement Effective Date, any ADI Spin-Off Entities) and instruments, in each case as expressly required in the Security Documents or (ii) to enter into any control agreement with respect to any cash and Permitted Investments, other deposit accounts, securities accounts or commodities accounts, in each case to the extent in the name of a Loan Party and held or located in the United States. For the avoidance of doubt, and notwithstanding anything to the contrary, including the foregoing, (x) no actions (including filings or searches) shall be required in order to create or perfect any security interest in any assets of the Loan Parties located outside of the United States (including any Intellectual Property registered or applied-for in, or otherwise located, protected or arising under the laws of any jurisdiction outside the United States) and (y) no foreign law security or pledge agreements or foreign law mortgages or deeds shall be required outside of the United States with respect to any Loan Party. 17 Notwithstanding the foregoing and subject to the last paragraph of Section 6.02, no Loan Party shall be required to deliver a Mortgage with respect to the Golden Valley Property. “ Commitment ” means with respect to any Lender, such Lender’s Revolving Commitment, Initial Term Commitment, Fourth Amendment Term Commitment, Sixth Amendment Term Commitment, commitment in respect of any Incremental Revolving Loans or commitment in respect of any Incremental Term Loans or any combination thereof (as the context requires). “ Commodity Exchange Act ” means the Commodity Exchange Act (7 U.S.C. § 1 et seq. ) and any successor statute. “ Communications ” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to this Agreement or any other Loan Document or the transactions contemplated herein or therein that is distributed to the Administrative Agent, any Lender or any Issuing Bank by means of electronic communications pursuant to Section 9.01, including through the Platform. “ Connection Income Taxes ” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. “ Consenting Lender ” has the meaning assigned to such term in Section 2.22(a). “ Consolidated Debt ” means, as of any date, the aggregate principal amount of Indebtedness of the type specified in the following clauses of the definition of “Indebtedness”: clause (a) (excluding Indebtedness of the type set forth in Section 6.01(a)(ix) that is non-recourse to Holdings, the Borrower and the Restricted Subsidiaries and excluding any Excluded Refinanced Debt), clause (b), clause (e) (but only to the extent supporting Indebtedness of the types specified in clauses (a), (b) and (g) of the definition thereof), clause (f) (but only to the extent supporting Indebtedness of the types specified in clauses (a), (b) and (g) of the definition thereof), clause (g), clause (h) (but only to the extent drawn and unreimbursed after one Business Day) and clause (k), in each case relating to the Restricted Group outstanding as of such date determined on a consolidated basis; provided that in no event shall Supply Chain Financing be included in the calculation of Consolidated Debt. 18 “ Consolidated EBITDA ” means, for any period, Consolidated Net Income for such period plus (a) without duplication and to the extent deducted in determining such Consolidated Net Income for such period, the sum of: (i) total interest expense for such period, and, to the extent not reflected in such total interest expense, the sum of (A) premium payments, debt discount, fees, charges and related expenses incurred in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets plus (B) the portion of rent expense with respect to such period under Capital Leases that is treated as interest expense in accordance with GAAP, plus (C) any losses on hedging obligations or other derivative instruments entered into for the purpose of hedging interest rate risk, net of interest income and gains on such hedging obligations or such derivative instruments, plus (D) bank and letter of credit fees and costs of surety bonds in connection with financing activities, plus (E) any commissions, discounts, yield and other fees and charges (including any interest expense) related to any Permitted Receivables Facility, plus (F) amortization or write-off of deferred financing fees, debt issuance costs, debt discount or premium, terminated hedging obligations and other commissions, financing fees and expenses and, adjusted, to the extent included, to exclude any refunds or similar credits received in connection with the purchasing or procurement of goods or services under any purchasing card or similar program, (ii) provision for Taxes based on income, profits, revenue or capital for such period, including, without limitation, state, franchise, excise, gross receipts, value added, margins, and similar taxes and foreign withholding taxes (including penalties and interest related to taxes or arising from tax examinations) and, without duplication of the foregoing, any payments to any direct or indirect parent in respect of such taxes (including, without limitation, the amount of any distributions in respect of the foregoing items pursuant to Section 6.08(a)(xiii)), (iii) depreciation and amortization expense for such period, (iv) [reserved], (iv) (A) costs and expenses incurred in connection with the ADI Spin-Off Reorganization Actions and the ADI Spin-Off Transaction, including but not limited to severance costs, relocation costs, repositioning and other restructuring costs, integration and facilities’ opening costs and other business optimization expenses and operating improvements and establishment costs, recruiting fees, signing costs, retention or completion bonuses, transition costs, costs related to closure/consolidation of facilities, internal costs in respect of ADI Spin-Off Reorganization Action and ADI Spin-Off Transaction related initiatives and curtailments or modifications to pension and post-retirement employee benefit plans (including any settlement of pension liabilities), contract terminations and professional and consulting fees incurred in connection with any of the foregoing, in each case incurred in connection with ADI Spin-Off Reorganization Actions and the ADI Spin-Off Transaction during such period, and (B) “run rate” cost savings, operating expense reductions, business optimization activities improvements (but excluding “run rate” Consolidated EBITDA attributable to projected increases in revenues) and similar initiatives and similar synergies (excluding revenue synergies), in each case, in connection with the ADI Spin-Off Reorganization Actions and the ADI Spin-Off Transactions that are factually supportable and have been realized or are reasonably expected to be realized within 24 months following the applicable ADI Spin-Off Reorganization Action and the ADI Spin-Off Transaction, and calculated on a Pro Forma Basis as though such synergies, cost savings, expense reductions, other operating changes, optimizations and similar initiatives had been realized (or commenced, acquired or created, as applicable) on the first day of such period), net of the amount of actual benefits realized during such period from such actions, 19 (v) fees, costs and expenses incurred during such period in connection with any proposed or actual permitted merger, acquisition, Investment, asset sale, other disposition or capital markets or financing transaction, without regard to the consummation thereof, (vi) unusual, non-recurring or exceptional expenses, losses or charges incurred during such period. (vii) integration costs, transition costs, consolidation and closing costs for facilities, costs incurred in connection with any non-recurring strategic initiatives, acquisitions and non-recurring Intellectual Property development at any time, other business optimization expenses (including costs and expenses relating to business optimization programs, new systems design, technology upgrades and implementation costs), severance costs, project start-up costs and repositioning and other restructuring charges, carve-out related items, accruals or reserves (including restructuring costs related to acquisitions at any time and to closure/consolidation of facilities, retention charges, systems establishment costs and excess pension charges) incurred during such period, (viii) any non-cash charges, losses or expenses for such period except to the extent representing an accrual for future cash outlays (but excluding any non-cash charge, loss or expense in respect of an item that was included in Consolidated Net Income in a prior period and any non-cash charge, loss or expense that relates to the write-down or write-off of inventory, other than any write-down or write-off of inventory as a result of purchase accounting adjustments in respect of any acquisition permitted by the credit facilities provided for under this Agreement), (ix… |